SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Gifford Fong Associates

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

Reported Value
$429M
Q2 2022
Positions
139
Filings on Record
29
2019–present window
Filed
Aug 11, 2022
original filing

Summary

Gifford Fong Associates reported $429M in U.S.-listed holdings across 139 positions for Q2 2022.

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

Compared with Q1 2022, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+0.5%
vs prior filed quarter
Top-10 Concentration
+44.4%
share of reported value
Largest Position
+8.2%
Apple

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: 99.5%REIT: 0.5%Equity WRT: 0.0%
  • Common Stock · 99.5% · $427M
  • REIT · 0.5% · $2M
  • Equity WRT · 0.0% · $46,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WBDWARNER BROS DISCOVERY INCNEW+34.8K34.8K+$466,000$466,000
AMZNAMAZON COM INCADDED+212.5K223.7K−$13M$24M
SHOPSHOPIFY INCADDED+63.0K70.0K−$3M$2M
UNITED STATES STL CORP NEWTRIMMED−100.0K37.7K−$5M$675,000
BENFRANKLIN RES INCADDED+15.0K40.5K+$233,000$944,000
INTCINTEL CORPADDED+25.0K77.6K+$296,000$3M
NVDANVIDIA CORPHELD+0192.6K−$23M$29M
AAPLAPPLE INCHELD+0256.0K−$10M$35M

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

Holdings — Q2 2022

137 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM8.16%$35M256.0K
2NVDANVIDIA CORPhistory →COM6.80%$29M192.6K
3AMZNAMAZON COM INChistory →COM5.54%$24M223.7K
4GOOGALPHABET INCCAP STK CL C · CAP STK CL A5.35%$23M10.5K
5MSFTMICROSOFT CORPhistory →COM5.28%$23M88.2K
6BACBANK AMER CORPhistory →COM4.02%$17M554.6K
7UNHUNITED HEALTH GROUP INChistory →COM2.63%$11M22.0K
8MAMASTERCARD INCORPORATEDhistory →CL A2.50%$11M34.0K
9DISDISNEY WALT COhistory →COM DISNEY2.20%$9M100.0K
10AMDADVANCED MICRO DEVICES INChistory →COM1.93%$8M108.2K
11CRMSALESFORCE COM INChistory →COM1.83%$8M47.6K
12BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.69%$7M26.5K
13COSTCOSTCO WHSL CORP NEWhistory →COM1.59%$7M14.2K
14JPMJPMORGAN CHASE & COhistory →COM1.54%$7M58.8K
15FHNFIRST HORIZON NATL CORPhistory →COM1.53%$7M300.0K
16PFEPFIZER INChistory →COM1.52%$7M124.7K
17FFORD MTR CO DELhistory →COM1.49%$6M575.0K
18VVISA INChistory →COM CL A1.37%$6M29.8K
19AMGNAMGEN INChistory →COM1.29%$6M22.7K
20LLYLILLY ELI & COhistory →COM1.22%$5M16.1K
21JNJJOHNSON & JOHNSONhistory →COM1.20%$5M28.9K
22UNPUNION PAC CORPhistory →COM1.14%$5M23.0K
23ORCLORACLE CORPhistory →COM1.12%$5M69.0K
24WMTWALMART INChistory →COM1.03%$4M36.4K
25ABBVABBVIE INCCOM1.00%$4M27.9K
26MARATHON OIL CORPCOM0.97%$4M184.7K
27EMREMERSON ELEC COCOM0.93%$4M50.0K
28VZVERIZON COMMUNICATIONS INCCOM0.87%$4M73.3K
29SYFSYNCHRONY FINLCOM0.85%$4M132.1K
30GENERAL ELECTRIC COCOM0.85%$4M57.0K
31CMCSACOMCAST CORP NEWCL A0.80%$3M88.0K
32WFCWELLS FARGO CO NEWCOM0.80%$3M88.1K
33CVXCHEVRON CORP NEWCOM0.75%$3M22.2K
34TAT&T INCCOM0.70%$3M143.7K
35IVZINVESCO LTDSHS0.70%$3M185.4K
36INTCINTEL CORPCOM0.68%$3M77.6K
37CCITIGROUP INCCOM NEW0.66%$3M61.5K
38BMYBRISTOL MYERS SQUIBB COCOM0.64%$3M35.9K
39LOWLOWES COS INCCOM0.62%$3M15.3K
40BABOEING COCOM0.60%$3M18.7K
41EXMOCEXXON MOBIL CORPCOM0.59%$3M29.5K
42HONHONEYWELL INTL INCCOM0.57%$2M14.1K
43GSGOLDMAN SACHS GROUP INCCOM0.55%$2M8.0K
44SVB FINL GROUPCOM0.55%$2M6.0K
45BIIBBIOGEN INCCOM0.55%$2M11.5K
46KOCOCA COLA COCOM0.54%$2M37.0K
47MSMORGAN STANLEYCOM NEW0.53%$2M30.0K
48WBAWALGREENS BOOTS ALLIANCE INCCOM0.53%$2M60.0K
49PNWPINNACLE WEST CAP CORPCOM0.51%$2M30.0K
50SHOPSHOPIFY INCCL A0.51%$2M70.0K
51PEPPEPSICO INCCOM0.50%$2M13.0K
52UPSUNITED PARCEL SERVICE INCCL B0.50%$2M11.8K
53ABTABBOTT LABSCOM0.49%$2M19.4K
54GILDGILEAD SCIENCES INCCOM0.49%$2M34.0K
55ADPAUTOMATIC DATA PROCESSING INCOM0.49%$2M10.0K
56MRKMERCK & CO INCCOM0.49%$2M22.9K
57METAFACEBOOK INCCL A0.47%$2M12.5K
58TSLATESLA INCCOM0.45%$2M2.9K
59BAXBAXTER INTL INCCOM0.43%$2M29.0K
60PBIPITNEY BOWES INCCOM0.43%$2M511.1K
61DEDEERE & COCOM0.41%$2M5.9K
62ALLALLSTATE CORPCOM0.41%$2M13.8K
63IBMINTERNATIONAL BUSINESS MACHSCOM0.39%$2M11.9K
64PMPHILIP MORRIS INTL INCCOM0.38%$2M16.7K
65LUMNLUMEN TECHNOLOGIES INCCOM0.38%$2M150.0K
66ZMZOOM VIDEO COMMUNICATIONS INCL A0.38%$2M15.0K
67SBUXSTARBUCKS CORPCOM0.37%$2M21.0K
68PNCPNC FINL SVCS GROUP INCCOM0.37%$2M10.0K
69PSAPUBLIC STORAGECOM0.36%$2M5.0K
70NKENIKE INCCL B0.36%$2M15.0K
71AXPAMERICAN EXPRESS COCOM0.36%$2M11.0K
72TJXTJX COS INC NEWCOM0.34%$1M26.0K
73COPCONOCOPHILLIPSCOM0.33%$1M16.0K
74CATCATERPILLAR INC DELCOM0.32%$1M7.8K
75PRUPRUDENTIAL FINL INCCOM0.30%$1M13.5K
76MMM3M COCOM0.29%$1M9.8K
77TXNTEXAS INSTRS INCCOM0.29%$1M8.0K
78TRVTRAVELERS COMPANIES INCCOM0.28%$1M7.0K
79AFLAFLAC INCCOM0.27%$1M20.6K
80CSCOCISCO SYS INCCOM0.26%$1M26.5K
81MUMICRON TECHNOLOGY INCCOM0.26%$1M19.8K
82AIGAMERICAN INTL GROUP INCCOM NEW0.23%$977,00019.1K
83RTXRAYTHEON TECHNOLOGIES CORPCOM0.22%$961,00010.0K
84HRLHORMEL FOODS CORPCOM0.22%$947,00020.0K
85BENFRANKLIN RES INCCOM0.22%$944,00040.5K
86METMETLIFE INCCOM0.22%$942,00015.0K
87TWITTER INCCOM0.22%$935,00025.0K
88APAAPA CORPORATIONCOM0.20%$873,00025.0K
89HSYHERSHEY COCOM0.20%$861,0004.0K
90BHCBAUSCH HEALTH COS INCCOM0.19%$836,000100.0K
91RIGTRANSOCEAN LTDREG SHS0.19%$833,000250.0K
92CLCOLGATE PALMOLIVE COCOM0.19%$833,00010.4K
93BNYBANK NEW YORK MELLON CORPCOM0.18%$787,00018.9K
94UNITED STATES STL CORP NEWCOM0.16%$675,00037.7K
95SHWSHERWIN WILLIAMS COCOM0.16%$672,0003.0K
96SPGSIMON PPTY GROUP INC NEWCOM0.15%$664,0007.0K
97EOGEOG RES INCCOM0.15%$663,0006.0K
98QCOMQUALCOMM INCCOM0.15%$639,0005.0K
99OXYOCCIDENTAL PETE CORP DELCOM · *W EXP 08/03/2020.15%$635,00011.3K
100PHPARKER HANNIFIN CORPCOM0.14%$615,0002.5K

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 ↗.