SEC 13F Intelligence

Managers / Q2 2024 · view latest →

Gifford Fong Associates

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

Reported Value
$377M
Q2 2024
Positions
128
Filings on Record
29
2019–present window
Filed
Aug 12, 2024
original filing

Summary

Gifford Fong Associates reported $377M in U.S.-listed holdings across 128 positions for Q2 2024.

Its largest position, NVDA, represents 12.0% of the portfolio.

Compared with Q1 2024, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+5.1%
vs prior filed quarter
Top-10 Concentration
+41.0%
share of reported value
Largest Position
+12.0%
Nvidia
New / Exited
2 / 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
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: 99.3%REIT: 0.7%Equity WRT: 0.0%
  • Common Stock · 99.3% · $375M
  • REIT · 0.7% · $3M
  • Equity WRT · 0.0% · $51,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GEVGE VERNOVA INCNEW+9.6K9.6K+$2M$2M
SOLVSOLVENTUM CORPNEW+2.4K2.4K+$129,000$129,000
NVDANVIDIA CORPADDED+329.1K365.7K+$12M$45M
BENFRANKLIN RES INCADDED+75.0K140.5K+$1M$3M
EXMOCEXXON MOBIL CORPADDED+32.5K62.1K+$4M$7M
PIONEER NAT RES COSOLD OUT−14.0K0−$4M$0
AAPLAPPLE INCHELD+081.2K+$3M$17M
GOOGALPHABET INCHELD+046.1K+$1M$8M

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

Holdings — Q2 2024

126 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPhistory →COM11.97%$45M365.7K
2AMZNAMAZON COM INChistory →COM4.96%$19M96.8K
3AAPLAPPLE INChistory →COM4.53%$17M81.2K
4MSFTMICROSOFT CORPhistory →COM4.06%$15M34.3K
5GOOGALPHABET INCCAP STK CL C · CAP STK CL A3.74%$14M77.2K
6METAFACEBOOK INChistory →CL A3.01%$11M22.5K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.86%$11M26.5K
8AMDADVANCED MICRO DEVICES INChistory →COM2.08%$8M48.3K
9EXMOCEXXON MOBIL CORPhistory →COM1.89%$7M62.1K
10JPMJPMORGAN CHASE & COhistory →COM1.89%$7M35.3K
11SYFSYNCHRONY FINLhistory →COM1.65%$6M132.1K
12GENERAL ELECTRIC COCOM1.61%$6M38.3K
13ORCLORACLE CORPhistory →COM1.39%$5M37.3K
14WFCWELLS FARGO CO NEWhistory →COM1.39%$5M88.1K
15MAMASTERCARD INCORPORATEDhistory →CL A1.38%$5M11.8K
16ABBVABBVIE INChistory →COM1.27%$5M27.9K
17CRMSALESFORCE COM INChistory →COM1.23%$5M18.0K
18SHOPSHOPIFY INChistory →CL A1.23%$5M70.0K
19VVISA INChistory →COM CL A1.21%$5M17.4K
20WMTWALMART INChistory →COM1.18%$4M65.5K
21FFORD MTR CO DELhistory →COM1.15%$4M345.2K
22COSTCOSTCO WHSL CORP NEWhistory →COM1.13%$4M5.0K
23AMGNAMGEN INChistory →COM1.13%$4M13.6K
24JNJJOHNSON & JOHNSONhistory →COM1.12%$4M28.9K
25CCITIGROUP INChistory →COM NEW1.03%$4M61.5K
26IVZINVESCO LTDhistory →SHS1.01%$4M255.4K
27VZVERIZON COMMUNICATIONS INChistory →COM1.01%$4M92.3K
28GSGOLDMAN SACHS GROUP INCCOM0.96%$4M8.0K
29DISDISNEY WALT COCOM DISNEY0.96%$4M36.4K
30CVXCHEVRON CORP NEWCOM0.92%$3M22.2K
31CMCSACOMCAST CORP NEWCL A0.91%$3M88.0K
32LOWLOWES COS INCCOM0.89%$3M15.3K
33BENFRANKLIN RES INCCOM0.83%$3M140.5K
34PFEPFIZER INCCOM0.83%$3M111.5K
35UNHUNITED HEALTH GROUP INCCOM0.80%$3M5.9K
36HONHONEYWELL INTL INCCOM0.80%$3M14.1K
37MSMORGAN STANLEYCOM NEW0.77%$3M30.0K
38TJXTJX COS INC NEWCOM0.76%$3M26.0K
39MARATHON OIL CORPCOM0.75%$3M99.1K
40FHNFIRST HORIZON NATL CORPCOM0.75%$3M180.1K
41MRKMERCK & CO INCCOM0.75%$3M22.9K
42TAT&T INCCOM0.73%$3M143.7K
43MUMICRON TECHNOLOGY INCCOM0.69%$3M19.8K
44CATCATERPILLAR INC DELCOM0.69%$3M7.8K
45PBIPITNEY BOWES INCCOM0.69%$3M511.1K
46AXPAMERICAN EXPRESS COCOM0.67%$3M11.0K
47ADPAUTOMATIC DATA PROCESSING INCOM0.63%$2M10.0K
48KOCOCA COLA COCOM0.62%$2M37.0K
49GILDGILEAD SCIENCES INCCOM0.62%$2M34.0K
50PNWPINNACLE WEST CAP CORPCOM0.61%$2M30.0K
51OXYOCCIDENTAL PETE CORP DELCOM · *W EXP 08/03/2020.60%$2M36.4K
52DEDEERE & COCOM0.58%$2M5.9K
53ALLALLSTATE CORPCOM0.58%$2M13.8K
54PEPPEPSICO INCCOM0.57%$2M13.0K
55IBMINTERNATIONAL BUSINESS MACHSCOM0.55%$2M11.9K
56INTCINTEL CORPCOM0.54%$2M66.4K
57ABTABBOTT LABSCOM0.53%$2M19.4K
58AFLAFLAC INCCOM0.49%$2M20.6K
59COPCONOCOPHILLIPSCOM0.48%$2M16.0K
60PMPHILIP MORRIS INTL INCCOM0.45%$2M16.7K
61GEVGE VERNOVA INCCOM0.44%$2M9.6K
62SBUXSTARBUCKS CORPCOM0.43%$2M21.0K
63UPSUNITED PARCEL SERVICE INCCL B0.43%$2M11.8K
64BABOEING COCOM0.42%$2M8.7K
65PRUPRUDENTIAL FINL INCCOM0.42%$2M13.5K
66SPOTSPOTIFY TECHNOLOGY S ASHS0.42%$2M5.0K
67TXNTEXAS INSTRS INCCOM0.41%$2M8.0K
68PNCPNC FINL SVCS GROUP INCCOM0.41%$2M10.0K
69BMYBRISTOL MYERS SQUIBB COCOM0.40%$1M35.9K
70GEHCGE HEALTHCARE TECHNOLOGIES ICOMMON STOCK0.39%$1M19.0K
71PSAPUBLIC STORAGECOM0.38%$1M5.0K
72UNITED STATES STL CORP NEWCOM0.38%$1M37.7K
73TRVTRAVELERS COMPANIES INCCOM0.38%$1M7.0K
74AIGAMERICAN INTL GROUP INCCOM NEW0.38%$1M19.1K
75TSLATESLA INCCOM0.36%$1M6.8K
76RIGTRANSOCEAN LTDREG SHS0.35%$1M250.0K
77BIIBBIOGEN INCCOM0.35%$1M5.8K
78PHPARKER HANNIFIN CORPCOM0.34%$1M2.5K
79CSCOCISCO SYS INCCOM0.33%$1M26.5K
80NKENIKE INCCL B0.30%$1M15.0K
81BNYBANK NEW YORK MELLON CORPCOM0.30%$1M18.9K
82SPGSIMON PPTY GROUP INC NEWCOM0.28%$1M7.0K
83METMETLIFE INCCOM0.28%$1M15.0K
84PGRPROGRESSIVE CORP OHIOCOM0.28%$1M5.0K
85CLCOLGATE PALMOLIVE COCOM0.27%$1M10.4K
86RTXRAYTHEON TECHNOLOGIES CORPCOM0.27%$1M10.0K
87MMM3M COCOM0.26%$996,0009.8K
88QCOMQUALCOMM INCCOM0.26%$996,0005.0K
89BAXBAXTER INTL INCCOM0.26%$970,00029.0K
90DELLDELL TECHNOLOGIES INCCL C0.25%$958,0006.9K
91ADIANALOG DEVICES INCCOM0.24%$913,0004.0K
92SHWSHERWIN WILLIAMS COCOM0.24%$895,0003.0K
93ZMZOOM VIDEO COMMUNICATIONS INCL A0.24%$888,00015.0K
94EOGEOG RES INCCOM0.20%$755,0006.0K
95APAAPA CORPORATIONCOM0.19%$736,00025.0K
96HSYHERSHEY COCOM0.19%$735,0004.0K
97DEUTSCHE BANK AGNAMEN AKT0.19%$717,00045.0K
98BHCBAUSCH HEALTH COS INCCOM0.18%$697,000100.0K
99MFCMANULIFE FINL CORPCOM0.18%$666,00025.0K
100ITTITT INCCOM0.17%$646,0005.0K

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 ↗
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 ↗.