SEC 13F Intelligence

Managers / Q4 2018 · view latest →

Gifford Fong Associates

CIK 0001740316 · 3658 MT. DIABLO BLVD, SUITE 200, LAFAYETTE, CA, 94549 · 9252997800

Reported Value
$265M
Q4 2018
Positions
118
Filings on Record
29
2019–present window
Filed
Jan 30, 2019
original filing

Summary

Gifford Fong Associates reported $265M in U.S.-listed holdings across 118 positions for Q4 2018.

Its largest position, AMZN, represents 8.0% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+38.6%
share of reported value
Largest Position
+8.0%
Amazon Com

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $265MQ4 ’18Q1 ’19: $303MQ2 ’19: $299MQ3 ’19: $306MQ4 ’19: $343MQ4 ’19Q1 ’20: $273MQ2 ’20: $330MQ3 ’20: $373MQ1 ’21: $465MQ1 ’21Q2 ’21: $514MQ3 ’21: $515MQ4 ’21: $572MQ1 ’22: $547MQ1 ’22Q2 ’22: $429MQ3 ’22: $404MQ4 ’22: $436MQ1 ’23: $380MQ1 ’23Q2 ’23: $426MQ3 ’23: $418MQ4 ’23: $470MQ1 ’24: $363MQ1 ’24Q2 ’24: $377MQ3 ’24: $400MQ4 ’24: $408MQ1 ’25: $402MQ1 ’25Q2 ’25: $434MQ3 ’25: $476MQ4 ’25: $501Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 97.6%Other: 1.6%REIT: 0.8%
  • Common Stock · 97.6% · $259M
  • Other · 1.6% · $4M
  • REIT · 0.8% · $2M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
AMZNAMAZON COM INCNEW+14.2K14.2K+$21M$21M
BACBANK AMER CORPNEW+554.6K554.6K+$14M$14M
AMGNAMGEN INCNEW+54.0K54.0K+$11M$11M
AAPLAPPLE INCNEW+64.0K64.0K+$10M$10M
JPMJPMORGAN CHASE & CONEW+83.8K83.8K+$8M$8M
DISDISNEY WALT CONEW+70.0K70.0K+$8M$8M
MARATHON OIL CORPNEW+516.3K516.3K+$7M$7M
MSFTMICROSOFT CORPNEW+70.0K70.0K+$7M$7M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2018

116 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON COM INChistory →COM8.04%$21M14.2K
2BACBANK AMER CORPhistory →COM5.16%$14M554.6K
3AMGNAMGEN INChistory →COM3.97%$11M54.0K
4AAPLAPPLE INChistory →COM3.81%$10M64.0K
5GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.73%$10M9.5K
6JPMJPMORGAN CHASE & COhistory →COM3.09%$8M83.8K
7DISDISNEY WALT COhistory →COM DISNEY2.90%$8M70.0K
8MARATHON OIL CORPCOM2.79%$7M516.3K
9MSFTMICROSOFT CORPhistory →COM2.68%$7M70.0K
10MAMASTERCARD INCORPORATEDhistory →CL A2.42%$6M34.0K
11BABOEING COhistory →COM2.28%$6M18.7K
12EMREMERSON ELEC COhistory →COM2.26%$6M100.0K
13NVDANVIDIA CORPhistory →COM2.17%$6M43.1K
14PFEPFIZER INChistory →COM2.06%$5M124.7K
15BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.04%$5M26.5K
16UNITED STATES STL CORP NEWCOM1.64%$4M237.7K
17WFCWELLS FARGO CO NEWhistory →COM1.53%$4M88.1K
18VVISA INChistory →COM CL A1.48%$4M29.8K
19INTCINTEL CORPhistory →COM1.46%$4M82.6K
20TAT&T INChistory →COM1.42%$4M132.2K
21JNJJOHNSON & JOHNSONhistory →COM1.41%$4M28.9K
22METAFACEBOOK INChistory →CL A1.36%$4M27.5K
23WMTWALMART INChistory →COM1.28%$3M36.4K
24CCITIGROUP INChistory →COM NEW1.21%$3M61.5K
25UNPUNION PAC CORPhistory →COM1.20%$3M23.0K
26ORCLORACLE CORPhistory →COM1.18%$3M69.0K
27SYFSYNCHRONY FINLhistory →COM1.17%$3M132.1K
28MUMICRON TECHNOLOGY INChistory →COM1.14%$3M94.8K
29CMCSACOMCAST CORP NEWhistory →CL A1.13%$3M88.0K
30PNWPINNACLE WEST CAP CORPCOM0.96%$3M30.0K
31GENERAL ELECTRIC COCOM0.96%$3M336.3K
32FFORD MTR CO DELCOM PAR $0.010.94%$2M325.0K
33CVXCHEVRON CORP NEWCOM0.91%$2M22.2K
34PBIPITNEY BOWES INCCOM0.81%$2M361.1K
35GILDGILEAD SCIENCES INCCOM0.80%$2M34.0K
36EXMOCEXXON MOBIL CORPCOM0.76%$2M29.5K
37BAXBAXTER INTL INCCOM0.72%$2M29.0K
38BMYBRISTOL MYERS SQUIBB COCOM0.70%$2M35.9K
39HONHONEYWELL INTL INCCOM0.70%$2M14.1K
40LLYLILLY ELI & COCOM0.70%$2M16.1K
41BHCBAUSCH HEALTH COS INCCOM0.70%$2M100.0K
42MMM3M COCOM0.70%$2M9.8K
43AIGAMERICAN INTL GROUP INCCOM NEW · *W EXP 01/19/2020.67%$2M52.6K
44KOCOCA COLA COCOM0.66%$2M37.0K
45VZVERIZON COMMUNICATIONS INCCOM0.65%$2M30.7K
46ABBVABBVIE INCCOM0.62%$2M17.9K
47DOWDUPONT INCCOM0.60%$2M29.5K
48PEPPEPSICO INCCOM0.54%$1M13.0K
49LOWLOWES COS INCCOM0.53%$1M15.3K
50ABTABBOTT LABSCOM0.53%$1M19.4K
51RIGTRANSOCEAN LTDREG SHS0.52%$1M200.0K
52IBMINTERNATIONAL BUSINESS MACHSCOM0.51%$1M11.9K
53SBUXSTARBUCKS CORPCOM0.51%$1M21.0K
54GSGOLDMAN SACHS GROUP INCCOM0.50%$1M8.0K
55ADPAUTOMATIC DATA PROCESSING INCOM0.49%$1M10.0K
56MSMORGAN STANLEYCOM NEW0.45%$1M30.0K
57SPGSIMON PPTY GROUP INC NEWCOM0.44%$1M7.0K
58PNCPNC FINL SVCS GROUP INCCOM0.44%$1M10.0K
59TJXTJX COS INC NEWCOM0.44%$1M26.0K
60UPSUNITED PARCEL SERVICE INCCL B0.43%$1M11.8K
61CSCOCISCO SYS INCCOM0.43%$1M26.5K
62ALLALLSTATE CORPCOM0.43%$1M13.8K
63SVB FINL GROUPCOM0.43%$1M6.0K
64PMPHILIP MORRIS INTL INCCOM0.42%$1M16.7K
65NKENIKE INCCL B0.42%$1M15.0K
66PRUPRUDENTIAL FINL INCCOM0.42%$1M13.5K
67UTXZUNITED TECHNOLOGIES CORPCOM0.40%$1M10.0K
68AXPAMERICAN EXPRESS COCOM0.40%$1M11.0K
69PSAPUBLIC STORAGECOM0.38%$1M5.0K
70COPCONOCOPHILLIPSCOM0.38%$998,00016.0K
71CATCATERPILLAR INC DELCOM0.37%$991,0007.8K
72QCOMQUALCOMM INCCOM0.37%$967,00017.0K
73AFLAFLAC INCCOM0.35%$939,00020.6K
74AMDADVANCED MICRO DEVICES INCCOM0.35%$923,00050.0K
75BNYBANK NEW YORK MELLON CORPCOM0.34%$888,00018.9K
76DEDEERE & COCOM0.33%$880,0005.9K
77COSTCOSTCO WHSL CORP NEWCOM0.32%$856,0004.2K
78HRLHORMEL FOODS CORPCOM0.32%$854,00020.0K
79TRVTRAVELERS COMPANIES INCCOM0.32%$838,0007.0K
80TXNTEXAS INSTRS INCCOM0.29%$756,0008.0K
81APACHE CORPCOM0.25%$656,00025.0K
82CLCOLGATE PALMOLIVE COCOM0.23%$619,00010.4K
83METMETLIFE INCCOM0.23%$616,00015.0K
84OXYOCCIDENTAL PETE CORP DELCOM0.23%$614,00010.0K
85USBUS BANCORP DELCOM NEW0.21%$548,00012.0K
86EOGEOG RES INCCOM0.20%$523,0006.0K
87LNCLINCOLN NATL CORP INDCOM0.19%$513,00010.0K
88UNHUNITED HEALTH GROUP INCCOM0.19%$498,0002.0K
89BIIBBIOGEN INCCOM0.17%$451,0001.5K
90KEYKEYCORP NEWCOM0.17%$443,00030.0K
91HSYHERSHEY COCOM0.16%$429,0004.0K
92XILINX INCCOM0.16%$426,0005.0K
93CHESAPEAKE ENERGY CORPCOM0.16%$420,000200.0K
94SHWSHERWIN WILLIAMS COCOM0.15%$393,0001.0K
95PHPARKER HANNIFIN CORPCOM0.14%$373,0002.5K
96DEUTSCHE BANK AGNAMEN AKT0.14%$367,00045.0K
97SWKSTANLEY BLACK & DECKER INCCOM0.14%$359,0003.0K
98EVEUREATON VANCE CORPCOM NON VTG0.13%$352,00010.0K
99ADIANALOG DEVICES INCCOM0.13%$343,0004.0K
100DELLDELL TECHNOLOGIES INCCL C0.13%$339,0006.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2025$501M124Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$476M122Nov 3, 202513F-HRchanges · EDGAR ↗
Q2 2025$434M123Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$402M126May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$408M126Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$400M128Nov 4, 202413F-HRchanges · EDGAR ↗
Q2 2024$377M128Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$363M127May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$470M140Feb 7, 202413F-HRchanges · EDGAR ↗
Q3 2023$418M141Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$426M141Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$380M141May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$436M139Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$404M140Nov 15, 202213F-HRchanges · EDGAR ↗
Q2 2022$429M139Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$547M138May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$572M139Feb 9, 202213F-HRchanges · EDGAR ↗
Q3 2021$515M136Nov 10, 202113F-HRchanges · EDGAR ↗
Q2 2021$514M135Aug 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$465M135May 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$373M132Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$330M129Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$273M127May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$343M125Feb 11, 202013F-HRchanges · EDGAR ↗
Q3 2019$306M124Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$299M121Aug 8, 201913F-HRchanges · EDGAR ↗
Q1 2019$303M119May 7, 201913F-HRchanges · EDGAR ↗
Q4 2018$265M118Jan 30, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.