SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Gifford Fong Associates

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

Reported Value
$299M
Q2 2019
Positions
121
Filings on Record
28
2019–present window
Filed
Aug 8, 2019
original filing

Summary

Gifford Fong Associates reported $299M in U.S.-listed holdings across 121 positions for Q2 2019.

Its largest position, AMZN, represents 9.0% of the portfolio.

Compared with Q1 2019, the fund opened 3 new positions and exited 1.

Portfolio Metrics

Turnover
+5.8%
vs prior filed quarter
Top-10 Concentration
+38.1%
share of reported value
Largest Position
+9.0%
Amazon Com
New / Exited
3 / 1
positions this quarter

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
Q1 ’19: $303MQ1 ’19Q2 ’19: $299MQ3 ’19: $306MQ4 ’19: $343MQ1 ’20: $273MQ1 ’20Q2 ’20: $330MQ3 ’20: $373MQ1 ’21: $465MQ2 ’21: $514MQ2 ’21Q3 ’21: $515MQ4 ’21: $572MQ1 ’22: $547MQ2 ’22: $429MQ2 ’22Q3 ’22: $404MQ4 ’22: $436MQ1 ’23: $380MQ2 ’23: $426MQ2 ’23Q3 ’23: $418MQ4 ’23: $470MQ1 ’24: $363MQ2 ’24: $377MQ2 ’24Q3 ’24: $400MQ4 ’24: $408MQ1 ’25: $402MQ2 ’25: $434MQ2 ’25Q3 ’25: $476MQ4 ’25: $501Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 98.0%Other: 1.2%REIT: 0.8%
  • Common Stock · 98.0% · $293M
  • Other · 1.2% · $4M
  • REIT · 0.8% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DDDUPONT DE NEMOURS INCNEW+9.8K9.8K+$738,000$738,000
DOWDOW INCNEW+9.8K9.8K+$485,000$485,000
CTVACORTEVA INCNEW+9.8K9.8K+$291,000$291,000
DOWDUPONT INCSOLD OUT−29.5K0−$2M$0
EMREMERSON ELEC COTRIMMED−50.0K50.0K−$4M$3M
AMDADVANCED MICRO DEVICES INCADDED+25.0K75.0K+$1M$2M
WRBW R BERKLEY CORPORATIONADDED+1.5K4.5K+$43,000$297,000
AAPLAPPLE INCTRIMMED−25.0K39.0K−$4M$8M

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

Holdings — Q2 2019

119 positions (from 121 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON COM INChistory →COM8.99%$27M14.2K
2BACBANK AMER CORPhistory →COM5.38%$16M554.6K
3AMGNAMGEN INChistory →COM4.17%$12M67.7K
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.44%$10M9.5K
5MSFTMICROSOFT CORPhistory →COM3.14%$9M70.0K
6MAMASTERCARD INCORPORATEDhistory →CL A3.01%$9M34.0K
7AAPLAPPLE INChistory →COM2.58%$8M39.0K
8DISDISNEY WALT COhistory →COM DISNEY2.57%$8M55.0K
9MARATHON OIL CORPCOM2.45%$7M516.3K
10NVDANVIDIA CORPhistory →COM2.37%$7M43.1K
11BABOEING COhistory →COM2.28%$7M18.7K
12JPMJPMORGAN CHASE & COhistory →COM2.20%$7M58.8K
13BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.89%$6M26.5K
14PFEPFIZER INChistory →COM1.81%$5M124.7K
15METAFACEBOOK INChistory →CL A1.78%$5M27.5K
16VVISA INChistory →COM CL A1.73%$5M29.8K
17SYFSYNCHRONY FINLhistory →COM1.53%$5M132.1K
18TAT&T INChistory →COM1.48%$4M132.2K
19CCITIGROUP INChistory →COM NEW1.44%$4M61.5K
20WFCWELLS FARGO CO NEWhistory →COM1.39%$4M88.1K
21JNJJOHNSON & JOHNSONhistory →COM1.35%$4M28.9K
22WMTWALMART INChistory →COM1.35%$4M36.4K
23INTCINTEL CORPhistory →COM1.32%$4M82.6K
24ORCLORACLE CORPhistory →COM1.32%$4M69.0K
25UNPUNION PAC CORPhistory →COM1.30%$4M23.0K
26CMCSACOMCAST CORP NEWhistory →CL A1.24%$4M88.0K
27MUMICRON TECHNOLOGY INChistory →COM1.22%$4M94.8K
28UNITED STATES STL CORP NEWCOM1.22%$4M237.7K
29GENERAL ELECTRIC COCOM1.18%$4M336.3K
30EMREMERSON ELEC COhistory →COM1.12%$3M50.0K
31FFORD MTR CO DELhistory →COM1.11%$3M325.0K
32PNWPINNACLE WEST CAP CORPCOM0.94%$3M30.0K
33CVXCHEVRON CORP NEWCOM0.92%$3M22.2K
34BHCBAUSCH HEALTH COS INCCOM0.84%$3M100.0K
35HONHONEYWELL INTL INCCOM0.82%$2M14.1K
36AIGAMERICAN INTL GROUP INCCOM NEW · *W EXP 01/19/2020.82%$2M52.6K
37BAXBAXTER INTL INCCOM0.79%$2M29.0K
38GILDGILEAD SCIENCES INCCOM0.77%$2M34.0K
39AMDADVANCED MICRO DEVICES INCCOM0.76%$2M75.0K
40EXMOCEXXON MOBIL CORPCOM0.76%$2M29.5K
41PBIPITNEY BOWES INCCOM0.73%$2M511.1K
42KOCOCA COLA COCOM0.63%$2M37.0K
43LLYLILLY ELI & COCOM0.60%$2M16.1K
44SBUXSTARBUCKS CORPCOM0.59%$2M21.0K
45VZVERIZON COMMUNICATIONS INCCOM0.59%$2M30.7K
46PEPPEPSICO INCCOM0.57%$2M13.0K
47MMM3M COCOM0.57%$2M9.8K
48ADPAUTOMATIC DATA PROCESSING INCOM0.55%$2M10.0K
49IBMINTERNATIONAL BUSINESS MACHSCOM0.55%$2M11.9K
50GSGOLDMAN SACHS GROUP INCCOM0.55%$2M8.0K
51ABTABBOTT LABSCOM0.55%$2M19.4K
52BMYBRISTOL MYERS SQUIBB COCOM0.54%$2M35.9K
53RIGTRANSOCEAN LTDREG SHS0.54%$2M250.0K
54LOWLOWES COS INCCOM0.52%$2M15.3K
55CSCOCISCO SYS INCCOM0.49%$1M26.5K
56ALLALLSTATE CORPCOM0.47%$1M13.8K
57TJXTJX COS INC NEWCOM0.46%$1M26.0K
58PNCPNC FINL SVCS GROUP INCCOM0.46%$1M10.0K
59PRUPRUDENTIAL FINL INCCOM0.46%$1M13.5K
60AXPAMERICAN EXPRESS COCOM0.45%$1M11.0K
61SVB FINL GROUPCOM0.45%$1M6.0K
62MSMORGAN STANLEYCOM NEW0.44%$1M30.0K
63PMPHILIP MORRIS INTL INCCOM0.44%$1M16.7K
64UTXZUNITED TECHNOLOGIES CORPCOM0.44%$1M10.0K
65ABBVABBVIE INCCOM0.44%$1M17.9K
66QCOMQUALCOMM INCCOM0.43%$1M17.0K
67NKENIKE INCCL B0.42%$1M15.0K
68UPSUNITED PARCEL SERVICE INCCL B0.41%$1M11.8K
69PSAPUBLIC STORAGECOM0.40%$1M5.0K
70AFLAFLAC INCCOM0.38%$1M20.6K
71SPGSIMON PPTY GROUP INC NEWCOM0.37%$1M7.0K
72COSTCOSTCO WHSL CORP NEWCOM0.37%$1M4.2K
73CATCATERPILLAR INC DELCOM0.36%$1M7.8K
74TRVTRAVELERS COMPANIES INCCOM0.35%$1M7.0K
75DEDEERE & COCOM0.33%$978,0005.9K
76COPCONOCOPHILLIPSCOM0.33%$976,00016.0K
77TXNTEXAS INSTRS INCCOM0.31%$918,0008.0K
78BNYBANK NEW YORK MELLON CORPCOM0.28%$833,00018.9K
79HRLHORMEL FOODS CORPCOM0.27%$811,00020.0K
80CLCOLGATE PALMOLIVE COCOM0.25%$745,00010.4K
81METMETLIFE INCCOM0.25%$745,00015.0K
82DDDUPONT DE NEMOURS INCCOM0.25%$738,0009.8K
83APACHE CORPCOM0.24%$724,00025.0K
84LNCLINCOLN NATL CORP INDCOM0.22%$645,00010.0K
85USBUS BANCORP DELCOM NEW0.21%$629,00012.0K
86XILINX INCCOM0.20%$590,0005.0K
87CHESAPEAKE ENERGY CORPCOM0.20%$585,000300.0K
88EOGEOG RES INCCOM0.19%$559,0006.0K
89HSYHERSHEY COCOM0.18%$536,0004.0K
90KEYKEYCORP NEWCOM0.18%$533,00030.0K
91OXYOCCIDENTAL PETE CORP DELCOM0.17%$503,00010.0K
92UNHUNITED HEALTH GROUP INCCOM0.16%$488,0002.0K
93DOWDOW INCCOM0.16%$485,0009.8K
94SHWSHERWIN WILLIAMS COCOM0.15%$458,0001.0K
95ADIANALOG DEVICES INCCOM0.15%$451,0004.0K
96SWKSTANLEY BLACK & DECKER INCCOM0.15%$434,0003.0K
97EVEUREATON VANCE CORPCOM NON VTG0.14%$431,00010.0K
98PHPARKER HANNIFIN CORPCOM0.14%$425,0002.5K
99TMKTORCHMARK CORPCOM0.13%$403,0004.5K
100PGRPROGRESSIVE CORP OHIOCOM0.13%$400,0005.0K

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 ↗

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 ↗.