Gifford Fong Associates 13F annual report
Gifford Fong Associates is an investment fund managing more than $377 million ran by Christine Proctor. There are currently 126 companies in Mrs. Proctor’s portfolio. The largest investments include NVIDIA Corp and Amazon.com, together worth $63.9 million.
$377 million Assets Under Management (AUM)
As of 5th August 2024, Gifford Fong Associates’s top holding is 365,710 shares of NVIDIA Corp currently worth over $45.2 million and making up 12.0% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Gifford Fong Associates owns more than approximately 0.1% of the company.
In addition, the fund holds 96,793 shares of Amazon.com worth $18.7 million, whose value fell 3.1% in the past six months.
The third-largest holding is Apple Inc worth $17.1 million and the next is Microsoft worth $15.3 million, with 34,302 shares owned.
Currently, Gifford Fong Associates's portfolio is worth at least $377 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Gifford Fong Associates
The Gifford Fong Associates office and employees reside in Lafayette, California. According to the last 13-F report filed with the SEC, Christine Proctor serves as the office manager at Gifford Fong Associates.
Recent trades
In the most recent 13F filing, Gifford Fong Associates revealed that it had opened a new position in
Ge Vernova Inc and bought 9,575 shares worth $1.64 million.
The investment fund also strengthened its position in NVIDIA Corp by buying
329,139 additional shares.
This makes their stake in NVIDIA Corp total 365,710 shares worth $45.2 million.
NVIDIA Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that Gifford Fong Associates is getting rid of from its portfolio.
Gifford Fong Associates closed its position in Pioneer Nat Res Co on 12th August 2024.
It sold the previously owned 14,000 shares for $3.68 million.
One of the smallest hedge funds
The two most similar investment funds to Gifford Fong Associates are Epstein & White and Argyll Research. They manage $378 million and $377 million respectively.
Christine Proctor investment strategy
Gifford Fong Associates’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 27.1% of
the total portfolio value.
The fund focuses on investments in the United States as
57.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
53% of the total holdings value.
On the other hand, small-cap stocks make up only 1.6% of the portfolio.
The average market cap of the portfolio companies is close to $173 billion.
The complete list of Gifford Fong Associates trades based on 13F SEC filings
These positions were updated on August 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| NVIDIA Corp |
900.00%
365,710
|
$45,180,000 | 11.97% |
| Amazon.com Inc. |
No change
96,793
|
$18,705,000 | 4.96% |
| Apple Inc |
No change
81,169
|
$17,096,000 | 4.53% |
| Microsoft Corporation |
No change
34,302
|
$15,331,000 | 4.06% |
| Facebook Inc |
No change
22,500
|
$11,345,000 | 3.01% |
| Berkshire Hathaway Inc. |
No change
26,500
|
$10,780,000 | 2.86% |
| Alphabet Inc |
No change
77,195
|
$14,119,000 | 3.74% |
| Advanced Micro Devices Inc. |
No change
48,318
|
$7,838,000 | 2.08% |
| Exxon Mobil Corp. |
110.12%
62,066
|
$7,145,000 | 1.89% |
| Jpmorgan Chase Co |
No change
35,296
|
$7,139,000 | 1.89% |
| Synchrony Finl |
No change
132,073
|
$6,233,000 | 1.65% |
| General Electric Co |
No change
38,301
|
$6,089,000 | 1.61% |
| Oracle Corp. |
No change
37,250
|
$5,260,000 | 1.39% |
| Wells Fargo Co New |
No change
88,052
|
$5,229,000 | 1.39% |
| Mastercard Incorporated |
No change
11,829
|
$5,218,000 | 1.38% |
| Abbvie Inc |
No change
27,900
|
$4,785,000 | 1.27% |
| Salesforce Com Inc |
No change
18,009
|
$4,630,000 | 1.23% |
| Shopify Inc |
No change
70,000
|
$4,624,000 | 1.23% |
| Visa Inc |
No change
17,375
|
$4,560,000 | 1.21% |
| Walmart Inc |
No change
65,550
|
$4,438,000 | 1.18% |
| Ford Mtr Co Del |
No change
345,157
|
$4,328,000 | 1.15% |
| Costco Whsl Corp New |
No change
5,016
|
$4,264,000 | 1.13% |
| AMGEN Inc. |
No change
13,609
|
$4,252,000 | 1.13% |
| Johnson Johnson |
No change
28,900
|
$4,224,000 | 1.12% |
| Citigroup Inc |
No change
61,471
|
$3,901,000 | 1.03% |
| Invesco Ltd |
No change
255,393
|
$3,821,000 | 1.01% |
| Verizon Communications Inc |
No change
92,263
|
$3,805,000 | 1.01% |
| Pioneer Nat Res Co |
Closed
14,000
|
$3,675,000 | |
| Goldman Sachs Group, Inc. |
No change
8,000
|
$3,619,000 | 0.96% |
| Disney Walt Co |
No change
36,407
|
$3,615,000 | 0.96% |
| Chevron Corp. |
No change
22,200
|
$3,473,000 | 0.92% |
| Comcast Corp New |
No change
88,000
|
$3,446,000 | 0.91% |
| Lowes Cos Inc |
No change
15,320
|
$3,377,000 | 0.89% |
| Franklin Res Inc |
114.54%
140,480
|
$3,140,000 | 0.83% |
| Pfizer Inc. |
No change
111,527
|
$3,121,000 | 0.83% |
| United Health Group Inc |
No change
5,918
|
$3,014,000 | 0.80% |
| Honeywell International Inc |
No change
14,100
|
$3,011,000 | 0.80% |
| Morgan Stanley |
No change
30,000
|
$2,916,000 | 0.77% |
| Tjx Cos Inc New |
No change
26,000
|
$2,863,000 | 0.76% |
| Marathon Oil Corporation |
No change
99,143
|
$2,842,000 | 0.75% |
| First Horizon Natl Corp |
No change
180,082
|
$2,840,000 | 0.75% |
| Merck Co Inc |
No change
22,900
|
$2,835,000 | 0.75% |
| Att Inc |
No change
143,689
|
$2,746,000 | 0.73% |
| Micron Technology Inc. |
No change
19,800
|
$2,604,000 | 0.69% |
| Caterpillar Inc. |
No change
7,800
|
$2,598,000 | 0.69% |
| Pitney Bowes, Inc. |
No change
511,059
|
$2,596,000 | 0.69% |
| American Express Co. |
No change
11,000
|
$2,547,000 | 0.67% |
| Automatic Data Processing In |
No change
10,000
|
$2,387,000 | 0.63% |
| Coca-Cola Co |
No change
37,000
|
$2,355,000 | 0.62% |
| Gilead Sciences, Inc. |
No change
34,000
|
$2,333,000 | 0.62% |
| Pinnacle West Cap Corp |
No change
30,000
|
$2,291,000 | 0.61% |
| Occidental Pete Corp Del |
No change
35,179
|
$2,217,000 | 0.59% |
| Deere Co |
No change
5,900
|
$2,204,000 | 0.58% |
| Allstate Corp (The) |
No change
13,800
|
$2,203,000 | 0.58% |
| Pepsico Inc |
No change
13,000
|
$2,144,000 | 0.57% |
| International Business Machs |
No change
11,900
|
$2,058,000 | 0.55% |
| Intel Corp. |
No change
66,395
|
$2,056,000 | 0.54% |
| Abbott Labs |
No change
19,400
|
$2,016,000 | 0.53% |
| Aflac Inc. |
No change
20,600
|
$1,840,000 | 0.49% |
| Conocophillips |
No change
16,000
|
$1,830,000 | 0.48% |
| Philip Morris International Inc |
No change
16,700
|
$1,692,000 | 0.45% |
| Ge Vernova Inc |
Opened
9,575
|
$1,642,000 | 0.44% |
| Starbucks Corp. |
No change
21,000
|
$1,635,000 | 0.43% |
| United Parcel Service, Inc. |
No change
11,800
|
$1,615,000 | 0.43% |
| Boeing Co. |
No change
8,735
|
$1,590,000 | 0.42% |
| Prudential Finl Inc |
No change
13,500
|
$1,582,000 | 0.42% |
| Spotify Technology S.A. |
No change
5,000
|
$1,569,000 | 0.42% |
| Texas Instrs Inc |
No change
8,000
|
$1,556,000 | 0.41% |
| Pnc Finl Svcs Group Inc |
No change
10,000
|
$1,555,000 | 0.41% |
| Bristol-Myers Squibb Co. |
No change
35,899
|
$1,491,000 | 0.40% |
| Ge Healthcare Technologies I |
No change
19,012
|
$1,481,000 | 0.39% |
| Public Storage |
No change
5,000
|
$1,438,000 | 0.38% |
| United States Stl Corp New |
No change
37,700
|
$1,425,000 | 0.38% |
| Travelers Companies Inc. |
No change
7,000
|
$1,423,000 | 0.38% |
| American Intl Group Inc |
No change
19,100
|
$1,418,000 | 0.38% |
| Tesla Inc |
No change
6,782
|
$1,342,000 | 0.36% |
| Transocean Ltd |
No change
250,000
|
$1,338,000 | 0.35% |
| Biogen Inc |
No change
5,750
|
$1,333,000 | 0.35% |
| Parker-Hannifin Corp. |
No change
2,500
|
$1,265,000 | 0.34% |
| Cisco Sys Inc |
No change
26,540
|
$1,261,000 | 0.33% |
| Nike, Inc. |
No change
15,000
|
$1,131,000 | 0.30% |
| Bank New York Mellon Corp |
No change
18,872
|
$1,130,000 | 0.30% |
| Simon Ppty Group Inc New |
No change
7,000
|
$1,063,000 | 0.28% |
| MetLife, Inc. |
No change
15,000
|
$1,053,000 | 0.28% |
| Progressive Corp Ohio |
No change
5,000
|
$1,039,000 | 0.28% |
| Colgate-Palmolive Co. |
No change
10,400
|
$1,009,000 | 0.27% |
| Raytheon Technologies Corp |
No change
10,000
|
$1,004,000 | 0.27% |
| 3M Co. |
No change
9,750
|
$996,000 | 0.26% |
| Qualcomm, Inc. |
No change
5,000
|
$996,000 | 0.26% |
| Baxter International Inc. |
No change
29,000
|
$970,000 | 0.26% |
| Dell Technologies Inc |
No change
6,946
|
$958,000 | 0.25% |
| Analog Devices Inc. |
No change
4,000
|
$913,000 | 0.24% |
| Sherwin-Williams Co. |
No change
3,000
|
$895,000 | 0.24% |
| Zoom Video Communications In |
No change
15,000
|
$888,000 | 0.24% |
| Eog Res Inc |
No change
6,000
|
$755,000 | 0.20% |
| APA Corporation |
No change
25,000
|
$736,000 | 0.20% |
| Hershey Company |
No change
4,000
|
$735,000 | 0.19% |
| Deutsche Bank AG |
No change
45,000
|
$717,000 | 0.19% |
| Bausch Health Cos Inc |
No change
100,000
|
$697,000 | 0.18% |
| Manulife Finl Corp |
No change
25,000
|
$666,000 | 0.18% |
| ITT Inc |
No change
5,000
|
$646,000 | 0.17% |
| Carrier Global Corporation |
No change
10,000
|
$631,000 | 0.17% |
| Hormel Foods Corp. |
No change
20,000
|
$610,000 | 0.16% |
| Bank Amer Corp |
No change
15,147
|
$602,000 | 0.16% |
| CIENA Corp. |
No change
12,255
|
$590,000 | 0.16% |
| Corteva Inc |
No change
9,828
|
$530,000 | 0.14% |
| W.R. Berkley Corp. |
No change
6,750
|
$530,000 | 0.14% |
| Dow Inc |
No change
9,828
|
$521,000 | 0.14% |
| Loews Corp. |
No change
6,700
|
$501,000 | 0.13% |
| Us Bancorp Del |
No change
12,000
|
$476,000 | 0.13% |
| Nucor Corp. |
No change
3,000
|
$474,000 | 0.13% |
| KeyCorp |
No change
30,000
|
$426,000 | 0.11% |
| DuPont de Nemours Inc |
No change
4,665
|
$375,000 | 0.10% |
| Globe Life Inc |
No change
4,500
|
$370,000 | 0.10% |
| Walgreens Boots Alliance Inc |
No change
30,000
|
$363,000 | 0.10% |
| International Flavorsfragra |
No change
3,707
|
$353,000 | 0.09% |
| Wabtec Corp |
No change
1,806
|
$285,000 | 0.08% |
| Lumen Technologies, Inc. |
No change
250,000
|
$275,000 | 0.07% |
| Halliburton Co. |
No change
8,000
|
$270,000 | 0.07% |
| Stanley Black Decker Inc |
No change
3,000
|
$240,000 | 0.06% |
| NOV Inc |
No change
12,000
|
$228,000 | 0.06% |
| Viatris Inc. |
No change
15,476
|
$165,000 | 0.04% |
| Solventum Corp |
Opened
2,438
|
$129,000 | 0.03% |
| BlackBerry Ltd |
No change
50,000
|
$124,000 | 0.03% |
| Warner Bros.Discovery Inc |
No change
13,760
|
$102,000 | 0.03% |
| CVS Health Corp |
No change
1,675
|
$99,000 | 0.03% |
| Emerson Elec Co |
No change
178
|
$20,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 127 holdings | |||
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