Gifford Fong Associates' Q3 vs. Q4 2022 13F Holdings: Changes in Top Stocks and Portfolio Value

Gifford Fong Associates Q3 2022 vs. Q4 2022 13F Holdings Comparison

Gifford Fong Associates is a prominent investment management company. Recently, they released their Q3 2022 vs. Q4 2022 13F Holdings comparison, showing the changes in their holdings. The company's portfolio saw some significant changes in the latest quarter, with some stocks that were completely sold off while others were added.

The top holdings of the fund remained largely unchanged in Q4. Apple Inc (AAPL) remained the top holding, with the same number of shares held by the company in the Q3 2022. However, the value of the shares decreased by 6%, from $35,379,000 in Q3 to $33,262,000 in Q4. This decrease in value could be attributed to the overall market conditions that prevailed during the quarter.

Similarly, Microsoft Corporation (MSFT) held the third spot in both quarters. The number of shares held by the company remained the same at 88,168. However, the value of these shares saw a slight increase of 3% from $20,534,000 in Q3 to $21,144,000 in Q4.

The second spot was occupied by NVIDIA Corporation (NVDA), which saw a significant increase in the number of shares held by Gifford Fong Associates. The company added 19.4% more shares in Q4, increasing their holding from 192,572 shares in Q3 to 233,680 shares in Q4. Moreover, the value of these shares also saw an impressive increase of 20.4% from $23,376,000 in Q3 to $28,142,000 in Q4.

Amazon.com, Inc. (AMZN) was one of the significant changes to Gifford Fong Associates' portfolio in the last quarter. In Q3 2022, the company held 223,680 shares of Amazon, worth $25,276,000. However, in Q4 2022, the number of shares increased to 233,680. Despite this increase in holdings, the value of these shares saw a significant decrease of 22.3%, dropping from $25,276,000 in Q3 to $19,629,000 in Q4.

Another notable change in the portfolio was in Bank of America Corporation (BAC). The company held the same number of shares in both quarters, i.e., 554,582. However, the value of these shares saw an increase of 9.7%, from $16,748,000 in Q3 to $18,368,000 in Q4, reflecting the slight upward movement in the bank's stock price during the quarter.

The Mastercard Incorporated (MA) stock also saw an increase in holdings in Q4. The investment firm added 22.3% more shares, thereby increasing their holding from 34,000 in Q3 to 40,318 in Q4. This increase in holdings was accompanied by a 22.3% increase in the value of the shares from $9,668,000 in Q3 to $11,823,000 in Q4.

Walmart Inc. (WMT) and Johnson & Johnson (JNJ) stocks also saw an increase in the value of their shares and holdings. Walmart saw an increase of 9.3% in the value of its shares, while Johnson & Johnson saw an increase of 8.1% in the value of its shares.

Tesla, Inc. (TSLA) was one of the most significant changes in Gifford Fong Associates' portfolio in the last quarter. The investment firm sold off a significant portion of its Tesla holdings, with the number of shares held falling from 8,604 in Q3 to 13,604 in Q4. Moreover, the value of these shares decreased by 26.6% from $2,282,000 in Q3 to $1,676,000 in Q4.

Biogen Inc. (BIIB) also saw a modest increase in the value of its shares held by the investment firm. The value of their BIIB holdings increased by 3.7% from $3,071,000 in Q3 to $3,185,000 in Q4.

Among the top holdings, Alphabet Inc. (GOOG) and Alphabet Inc. (GOOGL) saw a decrease in the value of their shares held by the investment firm. In both cases, the number of shares held remained the same at 115,140 and 95,000 respectively. However, the value of the shares held by the company saw a decrease of 7.7% and 7.8% respectively.

Conclusion

The Q3 2022 vs. Q4 2022 13F Holdings comparison of Gifford Fong Associates showed some significant changes in their portfolio. The investment firm added some new stocks, reduced their holding in some others, and saw an increase or decrease in the value of various shares held by them. The specific reasons for these changes are unknown. However, the overall market condition of the period in question could have played a significant role in these changes.