SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Gifford Fong Associates

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

Reported Value
$465M
Q1 2021
Positions
135
Filings on Record
29
2019–present window
Filed
May 12, 2021
original filing

Summary

Gifford Fong Associates reported $465M in U.S.-listed holdings across 135 positions for Q1 2021.

Its largest position, AMZN, represents 7.1% of the portfolio.

Compared with Q3 2020, the fund opened 8 new positions and exited 5.

Portfolio Metrics

Turnover
+4.1%
vs prior filed quarter
Top-10 Concentration
+43.8%
share of reported value
Largest Position
+7.1%
Amazon Com
New / Exited
8 / 5
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
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: 98.6%Other: 0.9%REIT: 0.4%Equity WRT: 0.0%
  • Common Stock · 98.6% · $459M
  • Other · 0.9% · $4M
  • REIT · 0.4% · $2M
  • Equity WRT · 0.0% · $15,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline) · note: prior filed quarter, not the immediately preceding one

IssuerMoveShare ΔShares nowValue ΔValue now
SHOPSHOPIFY INCNEW+7.0K7.0K+$8M$8M
ZMZOOM VIDEO COMMUNICATIONS INNEW+15.0K15.0K+$5M$5M
LUMNLUMEN TECHNOLOGIES INCNEW+150.0K150.0K+$2M$2M
SPOTSPOTIFY TECHNOLOGY S ANEW+5.0K5.0K+$1M$1M
IFFINTERNATIONAL FLAVORS&FRAGRANEW+3.7K3.7K+$518,000$518,000
APAAPA CORPORATIONNEW+25.0K25.0K+$448,000$448,000
VTRSVIATRIS INCNEW+15.5K15.5K+$216,000$216,000
NOVNOV INCNEW+12.0K12.0K+$165,000$165,000

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

Holdings — Q1 2021

133 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON COM INChistory →COM7.10%$33M10.7K
2AAPLAPPLE INChistory →COM6.72%$31M256.0K
3NVDANVIDIA CORPhistory →COM5.52%$26M48.1K
4GOOGALPHABET INCCAP STK CL C · CAP STK CL A4.67%$22M10.5K
5BACBANK AMER CORPhistory →COM4.61%$21M554.6K
6MSFTMICROSOFT CORPhistory →COM4.47%$21M88.2K
7DISDISNEY WALT COhistory →COM DISNEY3.97%$18M100.0K
8MAMASTERCARD INCORPORATEDhistory →CL A2.60%$12M34.0K
9CRMSALESFORCE COM INChistory →COM2.17%$10M47.6K
10JPMJPMORGAN CHASE & COhistory →COM1.92%$9M58.8K
11UNHUNITED HEALTH GROUP INChistory →COM1.76%$8M22.0K
12SHOPSHOPIFY INChistory →CL A1.66%$8M7.0K
13BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.46%$7M26.5K
14VVISA INChistory →COM CL A1.36%$6M29.8K
15AMDADVANCED MICRO DEVICES INChistory →COM1.34%$6M79.6K
16UNITED STATES STL CORP NEWCOM1.34%$6M237.7K
17AMGNAMGEN INChistory →COM1.21%$6M22.7K
18SYFSYNCHRONY FINLhistory →COM1.15%$5M132.1K
19FHNFIRST HORIZON NATL CORPhistory →COM1.09%$5M300.0K
20UNPUNION PAC CORPhistory →COM1.09%$5M23.0K
21COSTCOSTCO WHSL CORP NEWhistory →COM1.08%$5M14.2K
22WMTWALMART INChistory →COM1.06%$5M36.4K
23ORCLORACLE CORPhistory →COM1.04%$5M69.0K
24ZMZOOM VIDEO COMMUNICATIONS INhistory →CL A1.04%$5M15.0K
25BABOEING COhistory →COM1.02%$5M18.7K
26CMCSACOMCAST CORP NEWhistory →CL A1.02%$5M88.0K
27JNJJOHNSON & JOHNSONhistory →COM1.02%$5M28.9K
28IVZINVESCO LTDhistory →SHS1.00%$5M185.4K
29PFEPFIZER INCCOM0.97%$5M124.7K
30EMREMERSON ELEC COCOM0.97%$5M50.0K
31CCITIGROUP INCCOM NEW0.96%$4M61.5K
32GENERAL ELECTRIC COCOM0.95%$4M336.3K
33TAT&T INCCOM0.93%$4M143.7K
34PBIPITNEY BOWES INCCOM0.91%$4M511.1K
35FFORD MTR CO DELCOM0.86%$4M325.0K
36METAFACEBOOK INCCL A0.79%$4M12.5K
37BENFRANKLIN RES INCCOM0.77%$4M120.4K
38WFCWELLS FARGO CO NEWCOM0.74%$3M88.1K
39WBAWALGREENS BOOTS ALLIANCE INCCOM0.71%$3M60.0K
40BIIBBIOGEN INCCOM0.69%$3M11.5K
41BHCBAUSCH HEALTH COS INCCOM0.68%$3M100.0K
42HONHONEYWELL INTL INCCOM0.66%$3M14.1K
43ABBVABBVIE INCCOM0.65%$3M27.9K
44LLYLILLY ELI & COCOM0.65%$3M16.1K
45SVB FINL GROUPCOM0.64%$3M6.0K
46LOWLOWES COS INCCOM0.63%$3M15.3K
47GSGOLDMAN SACHS GROUP INCCOM0.56%$3M8.0K
48BAXBAXTER INTL INCCOM0.53%$2M29.0K
49PNWPINNACLE WEST CAP CORPCOM0.52%$2M30.0K
50MSMORGAN STANLEYCOM NEW0.50%$2M30.0K
51CVXCHEVRON CORP NEWCOM0.50%$2M22.2K
52ABTABBOTT LABSCOM0.50%$2M19.4K
53SBUXSTARBUCKS CORPCOM0.49%$2M21.0K
54BMYBRISTOL MYERS SQUIBB COCOM0.49%$2M35.9K
55DEDEERE & COCOM0.47%$2M5.9K
56GILDGILEAD SCIENCES INCCOM0.47%$2M34.0K
57INTCINTEL CORPCOM0.45%$2M32.6K
58UPSUNITED PARCEL SERVICE INCCL B0.43%$2M11.8K
59LUMNLUMEN TECHNOLOGIES INCCOM0.43%$2M150.0K
60NKENIKE INCCL B0.43%$2M15.0K
61MARATHON OIL CORPCOM0.42%$2M184.7K
62KOCOCA COLA COCOM0.42%$2M37.0K
63TSLATESLA INCCOM0.41%$2M2.9K
64ADPAUTOMATIC DATA PROCESSING INCOM0.41%$2M10.0K
65MMM3M COCOM0.40%$2M9.8K
66PEPPEPSICO INCCOM0.40%$2M13.0K
67CATCATERPILLAR INC DELCOM0.39%$2M7.8K
68VZVERIZON COMMUNICATIONS INCCOM0.38%$2M30.7K
69MRKMERCK & CO INCCOM0.38%$2M22.9K
70PNCPNC FINL SVCS GROUP INCCOM0.38%$2M10.0K
71MUMICRON TECHNOLOGY INCCOM0.38%$2M19.8K
72TJXTJX COS INC NEWCOM0.37%$2M26.0K
73EXMOCEXXON MOBIL CORPCOM0.35%$2M29.5K
74TWITTER INCCOM0.34%$2M25.0K
75ALLALLSTATE CORPCOM0.34%$2M13.8K
76IBMINTERNATIONAL BUSINESS MACHSCOM0.34%$2M11.9K
77AXPAMERICAN EXPRESS COCOM0.33%$2M11.0K
78TXNTEXAS INSTRS INCCOM0.32%$2M8.0K
79PMPHILIP MORRIS INTL INCCOM0.32%$1M16.7K
80CSCOCISCO SYS INCCOM0.29%$1M26.5K
81SPOTSPOTIFY TECHNOLOGY S ASHS0.29%$1M5.0K
82PSAPUBLIC STORAGECOM0.27%$1M5.0K
83PRUPRUDENTIAL FINL INCCOM0.26%$1M13.5K
84AFLAFLAC INCCOM0.23%$1M20.6K
85TRVTRAVELERS COMPANIES INCCOM0.23%$1M7.0K
86HRLHORMEL FOODS CORPCOM0.21%$956,00020.0K
87METMETLIFE INCCOM0.20%$912,00015.0K
88BNYBANK NEW YORK MELLON CORPCOM0.19%$892,00018.9K
89AIGAMERICAN INTL GROUP INCCOM NEW0.19%$883,00019.1K
90COPCONOCOPHILLIPSCOM0.18%$848,00016.0K
91CLCOLGATE PALMOLIVE COCOM0.18%$820,00010.4K
92SPGSIMON PPTY GROUP INC NEWCOM0.17%$796,0007.0K
93PHPARKER HANNIFIN CORPCOM0.17%$789,0002.5K
94RTXRAYTHEON TECHNOLOGIES CORPCOM0.17%$773,00010.0K
95SHWSHERWIN WILLIAMS COCOM0.16%$738,0001.0K
96CIENCIENA CORPCOM NEW0.14%$671,00012.3K
97USBUS BANCORP DELCOM NEW0.14%$664,00012.0K
98QCOMQUALCOMM INCCOM0.14%$663,0005.0K
99HSYHERSHEY COCOM0.14%$633,0004.0K
100DOWDOW INCCOM0.13%$628,0009.8K

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 ↗.