SEC 13F Intelligence

Managers / Q3 2024 · view latest →

Gifford Fong Associates

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

Reported Value
$400M
Q3 2024
Positions
128
Filings on Record
28
2019–present window
Filed
Nov 4, 2024
original filing

Summary

Gifford Fong Associates reported $400M in U.S.-listed holdings across 128 positions for Q3 2024.

Its largest position, NVDA, represents 11.1% of the portfolio.

The book was largely unchanged from Q2 2024.

Portfolio Metrics

Turnover
+2.2%
vs prior filed quarter
Top-10 Concentration
+39.2%
share of reported value
Largest Position
+11.1%
Nvidia

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: 99.2%REIT: 0.8%Equity WRT: 0.0%
  • Common Stock · 99.2% · $397M
  • REIT · 0.8% · $3M
  • Equity WRT · 0.0% · $37,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WRBW R BERKLEY CORPORATIONADDED+3.4K10.1K+$44,000$574,000
SOLVSOLVENTUM CORPHELD−12.4K+$41,000$170,000
AAPLAPPLE INCHELD+081.2K+$2M$19M
METAFACEBOOK INCHELD+022.5K+$2M$13M
LUMNLUMEN TECHNOLOGIES INCHELD+0250.0K+$2M$2M
BRK/BBERKSHIRE HATHAWAY INC DELHELD+026.5K+$1M$12M
GENERAL ELECTRIC COHELD+038.3K+$1M$7M
ORCLORACLE CORPHELD+037.3K+$1M$6M

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

Holdings — Q3 2024

126 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPhistory →COM11.10%$44M365.7K
2AAPLAPPLE INChistory →COM4.73%$19M81.2K
3AMZNAMAZON COM INChistory →COM4.51%$18M96.8K
4MSFTMICROSOFT CORPhistory →COM3.69%$15M34.3K
5METAFACEBOOK INChistory →CL A3.22%$13M22.5K
6GOOGALPHABET INCCAP STK CL C · CAP STK CL A3.22%$13M77.2K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW3.05%$12M26.5K
8AMDADVANCED MICRO DEVICES INChistory →COM1.98%$8M48.3K
9JPMJPMORGAN CHASE & COhistory →COM1.86%$7M35.3K
10EXMOCEXXON MOBIL CORPhistory →COM1.82%$7M62.1K
11GENERAL ELECTRIC COCOM1.81%$7M38.3K
12SYFSYNCHRONY FINLhistory →COM1.65%$7M132.1K
13ORCLORACLE CORPhistory →COM1.59%$6M37.3K
14MAMASTERCARD INCORPORATEDhistory →CL A1.46%$6M11.8K
15SHOPSHOPIFY INChistory →CL A1.40%$6M70.0K
16ABBVABBVIE INChistory →COM1.38%$6M27.9K
17WMTWALMART INChistory →COM1.32%$5M65.5K
18WFCWELLS FARGO CO NEWhistory →COM1.24%$5M88.1K
19CRMSALESFORCE COM INChistory →COM1.23%$5M18.0K
20VVISA INChistory →COM CL A1.19%$5M17.4K
21JNJJOHNSON & JOHNSONhistory →COM1.17%$5M28.9K
22IVZINVESCO LTDhistory →SHS1.12%$4M255.4K
23COSTCOSTCO WHSL CORP NEWhistory →COM1.11%$4M5.0K
24AMGNAMGEN INChistory →COM1.10%$4M13.6K
25LOWLOWES COS INChistory →COM1.04%$4M15.3K
26VZVERIZON COMMUNICATIONS INChistory →COM1.04%$4M92.3K
27GSGOLDMAN SACHS GROUP INCCOM0.99%$4M8.0K
28CCITIGROUP INCCOM NEW0.96%$4M61.5K
29CMCSACOMCAST CORP NEWCL A0.92%$4M88.0K
30FFORD MTR CO DELCOM0.91%$4M345.2K
31PBIPITNEY BOWES INCCOM0.91%$4M511.1K
32DISDISNEY WALT COCOM DISNEY0.88%$4M36.4K
33UNHUNITED HEALTH GROUP INCCOM0.87%$3M5.9K
34CVXCHEVRON CORP NEWCOM0.82%$3M22.2K
35PFEPFIZER INCCOM0.81%$3M111.5K
36TAT&T INCCOM0.79%$3M143.7K
37MSMORGAN STANLEYCOM NEW0.78%$3M30.0K
38TJXTJX COS INC NEWCOM0.76%$3M26.0K
39CATCATERPILLAR INC DELCOM0.76%$3M7.8K
40AXPAMERICAN EXPRESS COCOM0.75%$3M11.0K
41HONHONEYWELL INTL INCCOM0.73%$3M14.1K
42GILDGILEAD SCIENCES INCCOM0.71%$3M34.0K
43BENFRANKLIN RES INCCOM0.71%$3M140.5K
44FHNFIRST HORIZON NATL CORPCOM0.70%$3M180.1K
45ADPAUTOMATIC DATA PROCESSING INCOM0.69%$3M10.0K
46KOCOCA COLA COCOM0.66%$3M37.0K
47PNWPINNACLE WEST CAP CORPCOM0.66%$3M30.0K
48MARATHON OIL CORPCOM0.66%$3M99.1K
49IBMINTERNATIONAL BUSINESS MACHSCOM0.66%$3M11.9K
50ALLALLSTATE CORPCOM0.65%$3M13.8K
51MRKMERCK & CO INCCOM0.65%$3M22.9K
52DEDEERE & COCOM0.62%$2M5.9K
53GEVGE VERNOVA INCCOM0.61%$2M9.6K
54AFLAFLAC INCCOM0.58%$2M20.6K
55ABTABBOTT LABSCOM0.55%$2M19.4K
56PEPPEPSICO INCCOM0.55%$2M13.0K
57MUMICRON TECHNOLOGY INCCOM0.51%$2M19.8K
58SBUXSTARBUCKS CORPCOM0.51%$2M21.0K
59PMPHILIP MORRIS INTL INCCOM0.51%$2M16.7K
60BMYBRISTOL MYERS SQUIBB COCOM0.46%$2M35.9K
61OXYOCCIDENTAL PETE CORP DELCOM · *W EXP 08/03/2020.46%$2M36.4K
62PNCPNC FINL SVCS GROUP INCCOM0.46%$2M10.0K
63SPOTSPOTIFY TECHNOLOGY S ASHS0.46%$2M5.0K
64PSAPUBLIC STORAGECOM0.45%$2M5.0K
65GEHCGE HEALTHCARE TECHNOLOGIES ICOMMON STOCK0.45%$2M19.0K
66LUMNLUMEN TECHNOLOGIES INCCOM0.44%$2M250.0K
67TSLATESLA INCCOM0.44%$2M6.8K
68COPCONOCOPHILLIPSCOM0.42%$2M16.0K
69TXNTEXAS INSTRS INCCOM0.41%$2M8.0K
70TRVTRAVELERS COMPANIES INCCOM0.41%$2M7.0K
71PRUPRUDENTIAL FINL INCCOM0.41%$2M13.5K
72UPSUNITED PARCEL SERVICE INCCL B0.40%$2M11.8K
73PHPARKER HANNIFIN CORPCOM0.40%$2M2.5K
74INTCINTEL CORPCOM0.39%$2M66.4K
75CSCOCISCO SYS INCCOM0.35%$1M26.5K
76AIGAMERICAN INTL GROUP INCCOM NEW0.35%$1M19.1K
77BNYBANK NEW YORK MELLON CORPCOM0.34%$1M18.9K
78MMM3M COCOM0.33%$1M9.8K
79UNITED STATES STL CORP NEWCOM0.33%$1M37.7K
80BABOEING COCOM0.33%$1M8.7K
81NKENIKE INCCL B0.33%$1M15.0K
82PGRPROGRESSIVE CORP OHIOCOM0.32%$1M5.0K
83METMETLIFE INCCOM0.31%$1M15.0K
84RTXRAYTHEON TECHNOLOGIES CORPCOM0.30%$1M10.0K
85SPGSIMON PPTY GROUP INC NEWCOM0.30%$1M7.0K
86SHWSHERWIN WILLIAMS COCOM0.29%$1M3.0K
87BIIBBIOGEN INCCOM0.28%$1M5.8K
88BAXBAXTER INTL INCCOM0.28%$1M29.0K
89CLCOLGATE PALMOLIVE COCOM0.27%$1M10.4K
90RIGTRANSOCEAN LTDREG SHS0.27%$1M250.0K
91ZMZOOM VIDEO COMMUNICATIONS INCL A0.26%$1M15.0K
92ADIANALOG DEVICES INCCOM0.23%$921,0004.0K
93QCOMQUALCOMM INCCOM0.21%$850,0005.0K
94DELLDELL TECHNOLOGIES INCCL C0.21%$823,0006.9K
95BHCBAUSCH HEALTH COS INCCOM0.20%$816,000100.0K
96CARRCARRIER GLOBAL CORPORATIONCOM0.20%$805,00010.0K
97DEUTSCHE BANK AGNAMEN AKT0.19%$779,00045.0K
98HSYHERSHEY COCOM0.19%$767,0004.0K
99CIENCIENA CORPCOM NEW0.19%$755,00012.3K
100ITTITT INCCOM0.19%$748,0005.0K

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 ↗.