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GFA
Gifford Fong Associates Portfolio holdings
AUM
$501M
1-Year Est. Return
32.77%
This Fund
S&P 500
This Quarter
Est. Return
+14.76%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$434M
AUM Growth
+$32.4M
(+8.1%)
Cap. Flow
-$12.4M
Cap. Flow
% of AUM
-2.86%
Top 10 Holdings %
Top 10 Hldgs %
38.84%
Holding
126
New
–
Increased
1
Reduced
6
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Occidental Petroleum
OXY
|
+$1.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$3.15M |
| 2 |
Gilead Sciences
GILD
|
+$2.66M |
| 3 |
Philip Morris
PM
|
+$2.65M |
| 4 |
X
US Steel
X
|
+$1.59M |
| 5 |
AT&T
T
|
+$1.38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.2% |
| 2 | Financials | 23.44% |
| 3 | Communication Services | 11.2% |
| 4 | Industrials | 9.13% |
| 5 | Consumer Discretionary | 8.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.42T
| $43.6M | 10.05% |
276,210
-25,000
| -8% | -$3.15M |
|
2
Amazon
AMZN
$2.96T
| $21.2M | 4.89% |
96,793
| – | – |
|
3
Microsoft
MSFT
$3.71T
| $17.1M | 3.93% |
34,302
| – | – |
|
4
Apple
AAPL
$4.57T
| $16.7M | 3.83% |
81,169
| – | – |
|
5
Meta Platforms (Facebook)
META
$1.51T
| $16.6M | 3.82% |
22,500
| – | – |
|
6
Berkshire Hathaway Class B
BRK.B
$1.13T
| $12.9M | 2.96% |
26,500
| – | – |
|
7
Salesforce
CRM
$158B
| $11.7M | 2.7% |
43,009
| – | – |
|
8
JPMorgan Chase
JPM
$950B
| $10.2M | 2.36% |
35,296
| – | – |
|
9
GE Aerospace
GE
$384B
| $9.86M | 2.27% |
38,301
| – | – |
|
10
Synchrony
SYF
$25.6B
| $8.81M | 2.03% |
132,073
| – | – |
|
11
Alphabet (Google) Class C
GOOG
$4.32T
| $8.17M | 1.88% |
46,055
| – | – |
|
12
Oracle
ORCL
$423B
| $8.14M | 1.88% |
37,250
| – | – |
|
13
Shopify
SHOP
$195B
| $8.07M | 1.86% |
70,000
| – | – |
|
14
Wells Fargo
WFC
$264B
| $7.05M | 1.62% |
88,052
| – | – |
|
15
Advanced Micro Devices
AMD
$789B
| $6.86M | 1.58% |
48,318
| – | – |
|
16
ExxonMobil
XOM
$634B
| $6.69M | 1.54% |
62,066
| – | – |
|
17
Mastercard
MA
$493B
| $6.65M | 1.53% |
11,829
| – | – |
|
18
Walmart Inc
WMT
$890B
| $6.41M | 1.48% |
65,550
| – | – |
|
19
Visa
V
$677B
| $6.17M | 1.42% |
17,375
| – | – |
|
20
Goldman Sachs
GS
$303B
| $5.66M | 1.3% |
8,000
| – | – |
|
21
Pitney Bowes
PBI
$2.39B
| $5.58M | 1.28% |
511,059
| – | – |
|
|
22
Alphabet (Google) Class A
GOOGL
$4.33T
| $5.49M | 1.26% |
31,140
| – | – |
|
23
Citigroup
C
$226B
| $5.23M | 1.2% |
61,471
| – | – |
|
24
AbbVie
ABBV
$435B
| $5.18M | 1.19% |
27,900
| – | – |
|
|
25
Occidental Petroleum
OXY
$55.9B
| $5.1M | 1.17% |
121,429
+26,250
| +28% | +$1.1M |
|
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Gifford Fong Associates's Q2 2025 Portfolio in Review
As of Q2 2025, Gifford Fong Associates held 126 positions worth $434M, up 8.1% from $402M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q2 2025: portfolio turnover was 2.4%. Gifford Fong Associates opened no new positions and exited 3, leaving the 126-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates added most to Occidental Petroleum in Q2 2025, an estimated $1.1M increase.
- Gifford Fong Associates's biggest Q2 2025 reduction was NVIDIA, cutting an estimated $3.15M.
- Gifford Fong Associates fully exited Philip Morris in Q2 2025, selling an estimated $2.65M.
- Gifford Fong Associates's ten largest holdings make up 39% of its $434M portfolio in Q2 2025.
- Gifford Fong Associates opened 0 new positions and closed 3 in Q2 2025.
- Gifford Fong Associates's portfolio value rose 8.1% quarter-over-quarter to $434M.
Based on Gifford Fong Associates's 13F filing for Q2 2025, filed 13 Aug 2025.