SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Gifford Fong Associates

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

Reported Value
$343M
Q4 2019
Positions
125
Filings on Record
29
2019–present window
Filed
Feb 11, 2020
original filing

Summary

Gifford Fong Associates reported $343M in U.S.-listed holdings across 125 positions for Q4 2019.

Its largest position, AMZN, represents 8.2% of the portfolio.

Compared with Q3 2019, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+0.9%
vs prior filed quarter
Top-10 Concentration
+42.4%
share of reported value
Largest Position
+8.2%
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: 98.3%Other: 1.1%REIT: 0.6%
  • Common Stock · 98.3% · $337M
  • Other · 1.1% · $4M
  • REIT · 0.6% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TWITTER INCNEW+25.0K25.0K+$801,000$801,000
DISDISNEY WALT COADDED+10.0K100.0K+$3M$14M
NVDANVIDIA CORPHELD+093.1K+$6M$22M
BACBANK AMER CORPHELD+0554.6K+$3M$20M
AAPLAPPLE INCHELD+039.0K+$3M$11M
AMDADVANCED MICRO DEVICES INCHELD+0154.6K+$3M$7M
AMZNAMAZON COM INCHELD+015.2K+$2M$28M
MSFTMICROSOFT CORPHELD+070.0K+$1M$11M

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

Holdings — Q4 2019

123 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON COM INChistory →COM8.19%$28M15.2K
2NVDANVIDIA CORPhistory →COM6.40%$22M93.1K
3BACBANK AMER CORPhistory →COM5.70%$20M554.6K
4DISDISNEY WALT COhistory →COM DISNEY4.22%$14M100.0K
5GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.71%$13M9.5K
6AAPLAPPLE INChistory →COM3.34%$11M39.0K
7MSFTMICROSOFT CORPhistory →COM3.22%$11M70.0K
8MAMASTERCARD INCORPORATEDhistory →CL A2.96%$10M34.0K
9JPMJPMORGAN CHASE & COhistory →COM2.39%$8M58.8K
10METAFACEBOOK INChistory →CL A2.25%$8M37.5K
11AMDADVANCED MICRO DEVICES INChistory →COM2.07%$7M154.6K
12MARATHON OIL CORPCOM2.05%$7M516.3K
13BABOEING COhistory →COM1.78%$6M18.7K
14BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.75%$6M26.5K
15VVISA INChistory →COM CL A1.63%$6M29.8K
16AMGNAMGEN INChistory →COM1.59%$5M22.7K
17INTCINTEL CORPhistory →COM1.44%$5M82.6K
18CCITIGROUP INChistory →COM NEW1.43%$5M61.5K
19PFEPFIZER INChistory →COM1.43%$5M124.7K
20SYFSYNCHRONY FINLhistory →COM1.39%$5M132.1K
21WFCWELLS FARGO CO NEWhistory →COM1.38%$5M88.1K
22WMTWALMART INChistory →COM1.26%$4M36.4K
23JNJJOHNSON & JOHNSONhistory →COM1.23%$4M28.9K
24UNPUNION PAC CORPhistory →COM1.21%$4M23.0K
25CMCSACOMCAST CORP NEWhistory →CL A1.15%$4M88.0K
26EMREMERSON ELEC COhistory →COM1.11%$4M50.0K
27MUMICRON TECHNOLOGY INChistory →COM1.10%$4M69.8K
28GENERAL ELECTRIC COCOM1.10%$4M336.3K
29ORCLORACLE CORPhistory →COM1.07%$4M69.0K
30FFORD MTR CO DELCOM0.88%$3M325.0K
31BHCBAUSCH HEALTH COS INCCOM0.87%$3M100.0K
32UNITED STATES STL CORP NEWCOM0.79%$3M237.7K
33PNWPINNACLE WEST CAP CORPCOM0.79%$3M30.0K
34CVXCHEVRON CORP NEWCOM0.78%$3M22.2K
35HONHONEYWELL INTL INCCOM0.73%$2M14.1K
36ABBVABBVIE INCCOM0.72%$2M27.9K
37BAXBAXTER INTL INCCOM0.71%$2M29.0K
38BMYBRISTOL MYERS SQUIBB COCOM0.67%$2M35.9K
39GILDGILEAD SCIENCES INCCOM0.64%$2M34.0K
40LLYLILLY ELI & COCOM0.62%$2M16.1K
41EXMOCEXXON MOBIL CORPCOM0.60%$2M29.5K
42PBIPITNEY BOWES INCCOM0.60%$2M511.1K
43KOCOCA COLA COCOM0.60%$2M37.0K
44APACHE CORPCOM0.56%$2M75.0K
45VZVERIZON COMMUNICATIONS INCCOM0.55%$2M30.7K
46SBUXSTARBUCKS CORPCOM0.54%$2M21.0K
47GSGOLDMAN SACHS GROUP INCCOM0.54%$2M8.0K
48LOWLOWES COS INCCOM0.54%$2M15.3K
49PEPPEPSICO INCCOM0.52%$2M13.0K
50MMM3M COCOM0.50%$2M9.8K
51ADPAUTOMATIC DATA PROCESSING INCOM0.50%$2M10.0K
52ABTABBOTT LABSCOM0.49%$2M19.4K
53CRMSALESFORCE COM INCCOM0.47%$2M10.0K
54PNCPNC FINL SVCS GROUP INCCOM0.47%$2M10.0K
55IBMINTERNATIONAL BUSINESS MACHSCOM0.47%$2M11.9K
56TJXTJX COS INC NEWCOM0.46%$2M26.0K
57ALLALLSTATE CORPCOM0.45%$2M13.8K
58MSMORGAN STANLEYCOM NEW0.45%$2M30.0K
59NKENIKE INCCL B0.44%$2M15.0K
60SVB FINL GROUPCOM0.44%$2M6.0K
61QCOMQUALCOMM INCCOM0.44%$2M17.0K
62UTXZUNITED TECHNOLOGIES CORPCOM0.44%$1M10.0K
63PMPHILIP MORRIS INTL INCCOM0.41%$1M16.7K
64UPSUNITED PARCEL SERVICE INCCL B0.40%$1M11.8K
65AXPAMERICAN EXPRESS COCOM0.40%$1M11.0K
66CSCOCISCO SYS INCCOM0.37%$1M26.5K
67PRUPRUDENTIAL FINL INCCOM0.37%$1M13.5K
68TAT&T INCCOM0.37%$1M32.2K
69COSTCOSTCO WHSL CORP NEWCOM0.36%$1M4.2K
70CATCATERPILLAR INC DELCOM0.34%$1M7.8K
71AFLAFLAC INCCOM0.32%$1M20.6K
72AIGAMERICAN INTL GROUP INCCOM NEW · *W EXP 01/19/2020.31%$1M27.6K
73PSAPUBLIC STORAGECOM0.31%$1M5.0K
74SPGSIMON PPTY GROUP INC NEWCOM0.30%$1M7.0K
75COPCONOCOPHILLIPSCOM0.30%$1M16.0K
76RIGTRANSOCEAN LTDREG SHS0.30%$1M150.0K
77TXNTEXAS INSTRS INCCOM0.30%$1M8.0K
78DEDEERE & COCOM0.30%$1M5.9K
79TRVTRAVELERS COMPANIES INCCOM0.28%$959,0007.0K
80BNYBANK NEW YORK MELLON CORPCOM0.28%$950,00018.9K
81HRLHORMEL FOODS CORPCOM0.26%$902,00020.0K
82TWITTER INCCOM0.23%$801,00025.0K
83METMETLIFE INCCOM0.22%$765,00015.0K
84CLCOLGATE PALMOLIVE COCOM0.21%$716,00010.4K
85USBUS BANCORP DELCOM NEW0.21%$711,00012.0K
86DDDUPONT DE NEMOURS INCCOM0.18%$631,0009.8K
87KEYKEYCORP NEWCOM0.18%$607,00030.0K
88WBAWALGREENS BOOTS ALLIANCE INCCOM0.17%$590,00010.0K
89LNCLINCOLN NATL CORP INDCOM0.17%$590,00010.0K
90UNHUNITED HEALTH GROUP INCCOM0.17%$588,0002.0K
91HSYHERSHEY COCOM0.17%$588,0004.0K
92SHWSHERWIN WILLIAMS COCOM0.17%$584,0001.0K
93DOWDOW INCCOM0.16%$538,0009.8K
94CIENCIENA CORPCOM NEW0.15%$523,00012.3K
95PHPARKER HANNIFIN CORPCOM0.15%$515,0002.5K
96EOGEOG RES INCCOM0.15%$503,0006.0K
97SWKSTANLEY BLACK & DECKER INCCOM0.15%$497,0003.0K
98XILINX INCCOM0.14%$489,0005.0K
99ADIANALOG DEVICES INCCOM0.14%$475,0004.0K
100GLGLOBE LIFE INCCOM0.14%$474,0004.5K

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 ↗.