SEC 13F Intelligence

Managers / Q1 2019 · view latest →

Gifford Fong Associates

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

Reported Value
$303M
Q1 2019
Positions
119
Filings on Record
29
2019–present window
Filed
May 7, 2019
original filing

Summary

Gifford Fong Associates reported $303M in U.S.-listed holdings across 119 positions for Q1 2019.

Its largest position, AMZN, represents 8.3% of the portfolio.

Compared with Q4 2018, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+0.4%
vs prior filed quarter
Top-10 Concentration
+38.1%
share of reported value
Largest Position
+8.3%
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% · $296M
  • Other · 1.6% · $5M
  • REIT · 0.8% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WABWABTEC CORPNEW+1.8K1.8K+$133,000$133,000
CHESAPEAKE ENERGY CORPADDED+100.0K300.0K+$510,000$930,000
PBIPITNEY BOWES INCADDED+150.0K511.1K+$1M$4M
RIGTRANSOCEAN LTDADDED+50.0K250.0K+$790,000$2M
AMZNAMAZON COM INCHELD+014.2K+$4M$25M
AAPLAPPLE INCHELD+064.0K+$2M$12M
NVDANVIDIA CORPHELD+043.1K+$2M$8M
BACBANK AMER CORPHELD+0554.6K+$2M$15M

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

Holdings — Q1 2019

117 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON COM INChistory →COM8.34%$25M14.2K
2BACBANK AMER CORPhistory →COM5.05%$15M554.6K
3AAPLAPPLE INChistory →COM4.01%$12M64.0K
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.69%$11M9.5K
5AMGNAMGEN INChistory →COM3.39%$10M54.0K
6MARATHON OIL CORPCOM2.85%$9M516.3K
7JPMJPMORGAN CHASE & COhistory →COM2.80%$8M83.8K
8MSFTMICROSOFT CORPhistory →COM2.73%$8M70.0K
9MAMASTERCARD INCORPORATEDhistory →CL A2.64%$8M34.0K
10DISDISNEY WALT COhistory →COM DISNEY2.57%$8M70.0K
11NVDANVIDIA CORPhistory →COM2.56%$8M43.1K
12BABOEING COhistory →COM2.36%$7M18.7K
13EMREMERSON ELEC COhistory →COM2.26%$7M100.0K
14BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.76%$5M26.5K
15PFEPFIZER INChistory →COM1.75%$5M124.7K
16VVISA INChistory →COM CL A1.54%$5M29.8K
17UNITED STATES STL CORP NEWCOM1.53%$5M237.7K
18METAFACEBOOK INChistory →CL A1.51%$5M27.5K
19INTCINTEL CORPhistory →COM1.47%$4M82.6K
20WFCWELLS FARGO CO NEWhistory →COM1.41%$4M88.1K
21SYFSYNCHRONY FINLhistory →COM1.39%$4M132.1K
22TAT&T INChistory →COM1.37%$4M132.2K
23JNJJOHNSON & JOHNSONhistory →COM1.33%$4M28.9K
24MUMICRON TECHNOLOGY INChistory →COM1.29%$4M94.8K
25UNPUNION PAC CORPhistory →COM1.27%$4M23.0K
26CCITIGROUP INChistory →COM NEW1.26%$4M61.5K
27ORCLORACLE CORPhistory →COM1.22%$4M69.0K
28WMTWALMART INChistory →COM1.17%$4M36.4K
29CMCSACOMCAST CORP NEWhistory →CL A1.16%$4M88.0K
30PBIPITNEY BOWES INChistory →COM1.16%$4M511.1K
31GENERAL ELECTRIC COCOM1.11%$3M336.3K
32PNWPINNACLE WEST CAP CORPCOM0.95%$3M30.0K
33FFORD MTR CO DELCOM0.94%$3M325.0K
34CVXCHEVRON CORP NEWCOM0.90%$3M22.2K
35BHCBAUSCH HEALTH COS INCCOM0.81%$2M100.0K
36EXMOCEXXON MOBIL CORPCOM0.79%$2M29.5K
37BAXBAXTER INTL INCCOM0.78%$2M29.0K
38HONHONEYWELL INTL INCCOM0.74%$2M14.1K
39GILDGILEAD SCIENCES INCCOM0.73%$2M34.0K
40RIGTRANSOCEAN LTDREG SHS0.72%$2M250.0K
41LLYLILLY ELI & COCOM0.69%$2M16.1K
42MMM3M COCOM0.67%$2M9.8K
43AIGAMERICAN INTL GROUP INCCOM NEW · *W EXP 01/19/2020.64%$2M52.6K
44VZVERIZON COMMUNICATIONS INCCOM0.60%$2M30.7K
45KOCOCA COLA COCOM0.57%$2M37.0K
46BMYBRISTOL MYERS SQUIBB COCOM0.57%$2M35.9K
47IBMINTERNATIONAL BUSINESS MACHSCOM0.55%$2M11.9K
48LOWLOWES COS INCCOM0.55%$2M15.3K
49ADPAUTOMATIC DATA PROCESSING INCOM0.53%$2M10.0K
50PEPPEPSICO INCCOM0.53%$2M13.0K
51DOWDUPONT INCCOM0.52%$2M29.5K
52SBUXSTARBUCKS CORPCOM0.52%$2M21.0K
53ABTABBOTT LABSCOM0.51%$2M19.4K
54GSGOLDMAN SACHS GROUP INCCOM0.51%$2M8.0K
55PMPHILIP MORRIS INTL INCCOM0.49%$1M16.7K
56ABBVABBVIE INCCOM0.48%$1M17.9K
57CSCOCISCO SYS INCCOM0.47%$1M26.5K
58TJXTJX COS INC NEWCOM0.46%$1M26.0K
59SVB FINL GROUPCOM0.44%$1M6.0K
60UPSUNITED PARCEL SERVICE INCCL B0.44%$1M11.8K
61ALLALLSTATE CORPCOM0.43%$1M13.8K
62UTXZUNITED TECHNOLOGIES CORPCOM0.43%$1M10.0K
63AMDADVANCED MICRO DEVICES INCCOM0.42%$1M50.0K
64SPGSIMON PPTY GROUP INC NEWCOM0.42%$1M7.0K
65MSMORGAN STANLEYCOM NEW0.42%$1M30.0K
66NKENIKE INCCL B0.42%$1M15.0K
67PRUPRUDENTIAL FINL INCCOM0.41%$1M13.5K
68PNCPNC FINL SVCS GROUP INCCOM0.41%$1M10.0K
69AXPAMERICAN EXPRESS COCOM0.40%$1M11.0K
70PSAPUBLIC STORAGECOM0.36%$1M5.0K
71COPCONOCOPHILLIPSCOM0.35%$1M16.0K
72CATCATERPILLAR INC DELCOM0.35%$1M7.8K
73AFLAFLAC INCCOM0.34%$1M20.6K
74COSTCOSTCO WHSL CORP NEWCOM0.34%$1M4.2K
75QCOMQUALCOMM INCCOM0.32%$970,00017.0K
76TRVTRAVELERS COMPANIES INCCOM0.32%$960,0007.0K
77BNYBANK NEW YORK MELLON CORPCOM0.31%$952,00018.9K
78DEDEERE & COCOM0.31%$943,0005.9K
79CHESAPEAKE ENERGY CORPCOM0.31%$930,000300.0K
80HRLHORMEL FOODS CORPCOM0.30%$895,00020.0K
81APACHE CORPCOM0.29%$867,00025.0K
82TXNTEXAS INSTRS INCCOM0.28%$849,0008.0K
83CLCOLGATE PALMOLIVE COCOM0.24%$713,00010.4K
84OXYOCCIDENTAL PETE CORP DELCOM0.22%$662,00010.0K
85METMETLIFE INCCOM0.21%$639,00015.0K
86XILINX INCCOM0.21%$634,0005.0K
87LNCLINCOLN NATL CORP INDCOM0.19%$587,00010.0K
88USBUS BANCORP DELCOM NEW0.19%$578,00012.0K
89EOGEOG RES INCCOM0.19%$571,0006.0K
90UNHUNITED HEALTH GROUP INCCOM0.16%$495,0002.0K
91KEYKEYCORP NEWCOM0.16%$473,00030.0K
92HSYHERSHEY COCOM0.15%$459,0004.0K
93SHWSHERWIN WILLIAMS COCOM0.14%$431,0001.0K
94PHPARKER HANNIFIN CORPCOM0.14%$429,0002.5K
95ADIANALOG DEVICES INCCOM0.14%$421,0004.0K
96SWKSTANLEY BLACK & DECKER INCCOM0.14%$409,0003.0K
97DELLDELL TECHNOLOGIES INCCL C0.13%$408,0006.9K
98EVEUREATON VANCE CORPCOM NON VTG0.13%$403,00010.0K
99TMKTORCHMARK CORPCOM0.12%$369,0004.5K
100DEUTSCHE BANK AGNAMEN AKT0.12%$365,00045.0K

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 ↗.