Gifford Fong Associates

13F filer · CIK 0001740316

Last filed Feb 10, 2026

Inactive · not filing 13F

13F portfolio value$501MU.S. long equity reported on 13F

Positions1240 new · 0 closed

Net flow last quarter+$4.79MBuys minus sells

Top 10 positions weight38.5%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q4 2025Reported Feb 10, 2026124 positions
NVDANvidia Corp	$45.9M	9.16%	0.00%	Not reported	Q2 2018
AMZNAmazon Com Inc	$22.3M	4.46%	0.00%	Not reported	Q1 2018
AAPLApple Inc.	$22.1M	4.40%	0.00%	Not reported	Q1 2018
CRMSalesforce, Inc.	$19.3M	3.86%	0.01%	+15.9%	Q3 2019
MSFTMicrosoft Corp	$16.6M	3.31%	0.00%	Not reported	Q1 2018
METAMeta Platforms, Inc.	$14.9M	2.96%	Not reported	Not reported	Q1 2018
GOOGAlphabet Inc.	$14.5M	2.88%	Not reported	Not reported	Q2 2018
BRK.BBerkshire Hathaway Inc	$13.3M	2.66%	Not reported	Not reported	Q1 2018
AMDAdvanced Micro Devices Inc	$12.5M	2.49%	0.00%	+20.7%	Q4 2018
GEGeneral Electric Co	$11.8M	2.35%	0.00%	Not reported	Q3 2021
JPMJPMorgan Chase & Co	$11.4M	2.27%	0.00%	Not reported	Q1 2018
SHOPShopify Inc.	$11.3M	2.25%	0.02%	Not reported	Q1 2021
SYFSynchrony Financial	$11M	2.20%	0.04%	Not reported	Q1 2018
GOOGLAlphabet Inc.	$9.75M	1.94%	0.00%	Not reported	Q2 2018
WFCWells Fargo & Company	$8.21M	1.64%	0.00%	Not reported	Q1 2018
XOMExxonMobil Holdings Corp	$7.47M	1.49%	0.00%	Not reported	Q1 2018
WMTWalmart Inc.	$7.3M	1.46%	0.00%	Not reported	Q1 2018
ORCLOracle Corp	$7.26M	1.45%	0.00%	Not reported	Q1 2018
CCitigroup Inc	$7.17M	1.43%	0.00%	Not reported	Q1 2018
OXYOccidental Petroleum Corp	$7.05M	1.41%	0.02%	Not reported	Q1 2018
GSGoldman Sachs Group Inc	$7.03M	1.40%	0.00%	Not reported	Q2 2018
MAMastercard Inc	$6.75M	1.35%	0.00%	Not reported	Q1 2018
IVZInvesco Ltd.	$6.71M	1.34%	0.06%	Not reported	Q1 2021
ABBVAbbVie Inc.	$6.38M	1.27%	0.00%	Not reported	Q1 2018
GEVGE Vernova Inc.	$6.26M	1.25%	0.00%	Not reported	Q2 2024
VVisa Inc.	$6.09M	1.22%	0.00%	Not reported	Q1 2018
JNJJohnson & Johnson	$5.98M	1.19%	0.00%	Not reported	Q1 2018
MUMicron Technology Inc	$5.65M	1.13%	0.00%	Not reported	Q3 2018
PBIPitney Bowes Inc	$5.4M	1.08%	0.32%	Not reported	Q3 2018
MSMorgan Stanley	$5.33M	1.06%	0.00%	Not reported	Q1 2018
FFord Motor Co	$4.53M	0.90%	0.01%	Not reported	Q1 2018
CATCaterpillar Inc	$4.47M	0.89%	0.00%	Not reported	Q2 2018
AMGNAmgen Inc	$4.45M	0.89%	0.00%	Not reported	Q1 2018
COSTCostco Wholesale Corp	$4.33M	0.86%	0.00%	Not reported	Q2 2018
FHNFirst Horizon Corp	$4.3M	0.86%	0.04%	Not reported	Q2 2020
DISWalt Disney Co	$4.14M	0.83%	0.00%	Not reported	Q1 2018
AXPAmerican Express Co	$4.07M	0.81%	0.00%	Not reported	Q1 2018
TJXTJX Companies Inc	$3.99M	0.80%	0.00%	Not reported	Q1 2018
COPConocophillips	$3.86M	0.77%	0.00%	Not reported	Q1 2018
LOWLowes Companies Inc	$3.7M	0.74%	0.00%	Not reported	Q1 2018
IBMInternational Business Machines Corp	$3.53M	0.70%	0.00%	Not reported	Q1 2018
CVXChevron Corp	$3.38M	0.67%	0.00%	Not reported	Q1 2018
BENFranklin Resources Inc	$3.36M	0.67%	0.03%	Not reported	Q1 2020
TSLATesla, Inc.	$3.05M	0.61%	0.00%	Not reported	Q1 2020
SPOTSpotify Technology S.A.	$2.9M	0.58%	0.00%	Not reported	Q1 2021
ALLAllstate Corp	$2.87M	0.57%	0.01%	Not reported	Q1 2018
CIENCiena Corp	$2.87M	0.57%	0.01%	Not reported	Q1 2018
PFEPfizer Inc	$2.78M	0.55%	0.00%	Not reported	Q1 2018
HONHoneywell International Inc	$2.75M	0.55%	0.00%	Not reported	Q1 2018
DEDeere & Co	$2.75M	0.55%	0.00%	Not reported	Q2 2018

Q3 2025Reported Nov 3, 2025122 positions
NVDANvidia Corp	$45.9M	9.65%	0.00%	-10.9%	Q2 2018
AMZNAmazon Com Inc	$21.3M	4.47%	0.00%	Not reported	Q1 2018
AAPLApple Inc.	$20.7M	4.34%	0.00%	Not reported	Q1 2018
MSFTMicrosoft Corp	$17.8M	3.73%	0.00%	Not reported	Q1 2018
METAMeta Platforms, Inc.	$16.5M	3.47%	Not reported	Not reported	Q1 2018
CRMSalesforce, Inc.	$14.9M	3.14%	0.01%	+46.5%	Q3 2019
BRK.BBerkshire Hathaway Inc	$13.3M	2.80%	Not reported	Not reported	Q1 2018
GEGeneral Electric Co	$11.5M	2.42%	0.00%	Not reported	Q3 2021
GOOGAlphabet Inc.	$11.2M	2.36%	Not reported	Not reported	Q2 2018
JPMJPMorgan Chase & Co	$11.1M	2.34%	0.00%	Not reported	Q1 2018
ORCLOracle Corp	$10.5M	2.20%	0.00%	Not reported	Q1 2018
SHOPShopify Inc.	$10.4M	2.19%	0.02%	Not reported	Q1 2021
SYFSynchrony Financial	$9.38M	1.97%	0.04%	Not reported	Q1 2018
OXYOccidental Petroleum Corp	$8.1M	1.70%	0.02%	+41.2%	Q1 2018
AMDAdvanced Micro Devices Inc	$7.82M	1.64%	0.00%	Not reported	Q4 2018
GOOGLAlphabet Inc.	$7.57M	1.59%	0.00%	Not reported	Q2 2018
WFCWells Fargo & Company	$7.38M	1.55%	0.00%	Not reported	Q1 2018
XOMExxonMobil Holdings Corp	$7M	1.47%	0.00%	Not reported	Q1 2018
WMTWalmart Inc.	$6.76M	1.42%	0.00%	Not reported	Q1 2018
MAMastercard Inc	$6.73M	1.41%	0.00%	Not reported	Q1 2018
ABBVAbbVie Inc.	$6.46M	1.36%	0.00%	Not reported	Q1 2018
GSGoldman Sachs Group Inc	$6.37M	1.34%	0.00%	Not reported	Q2 2018
CCitigroup Inc	$6.24M	1.31%	0.00%	Not reported	Q1 2018
VVisa Inc.	$5.93M	1.25%	0.00%	Not reported	Q1 2018
GEVGE Vernova Inc.	$5.89M	1.24%	0.00%	Not reported	Q2 2024
IVZInvesco Ltd.	$5.86M	1.23%	0.06%	Not reported	Q1 2021
PBIPitney Bowes Inc	$5.83M	1.23%	0.30%	Not reported	Q3 2018
JNJJohnson & Johnson	$5.36M	1.13%	0.00%	Not reported	Q1 2018
MSMorgan Stanley	$4.77M	1.00%	0.00%	Not reported	Q1 2018
COSTCostco Wholesale Corp	$4.64M	0.98%	0.00%	Not reported	Q2 2018
DISWalt Disney Co	$4.17M	0.88%	0.00%	Not reported	Q1 2018
FFord Motor Co	$4.13M	0.87%	0.01%	Not reported	Q1 2018
FHNFirst Horizon Corp	$4.07M	0.86%	0.04%	Not reported	Q2 2020
COPConocophillips	$3.91M	0.82%	0.00%	Not reported	Q1 2018
LOWLowes Companies Inc	$3.85M	0.81%	0.00%	Not reported	Q1 2018
AMGNAmgen Inc	$3.84M	0.81%	0.00%	Not reported	Q1 2018
TJXTJX Companies Inc	$3.76M	0.79%	0.00%	Not reported	Q1 2018
CATCaterpillar Inc	$3.72M	0.78%	0.00%	Not reported	Q2 2018
AXPAmerican Express Co	$3.65M	0.77%	0.00%	Not reported	Q1 2018
SPOTSpotify Technology S.A.	$3.49M	0.73%	0.00%	Not reported	Q1 2021
CVXChevron Corp	$3.45M	0.72%	0.00%	Not reported	Q1 2018
IBMInternational Business Machines Corp	$3.36M	0.71%	0.00%	Not reported	Q1 2018
MUMicron Technology Inc	$3.31M	0.70%	0.00%	Not reported	Q3 2018
BENFranklin Resources Inc	$3.25M	0.68%	0.03%	Not reported	Q1 2020
TSLATesla, Inc.	$3.02M	0.63%	0.00%	Not reported	Q1 2020
HONHoneywell International Inc	$2.97M	0.62%	0.00%	Not reported	Q1 2018
ALLAllstate Corp	$2.96M	0.62%	0.01%	Not reported	Q1 2018
VZVerizon Communications Inc	$2.96M	0.62%	0.00%	Not reported	Q1 2018
ADPAutomatic Data Processing Inc	$2.94M	0.62%	0.00%	Not reported	Q1 2018
PFEPfizer Inc	$2.84M	0.60%	0.00%	Not reported	Q1 2018

Q2 2025Reported Aug 13, 2025123 positions
NVDANvidia Corp	$43.6M	10.05%	0.00%	-8.3%	Q2 2018
AMZNAmazon Com Inc	$21.2M	4.89%	0.00%	Not reported	Q1 2018
MSFTMicrosoft Corp	$17.1M	3.93%	0.00%	Not reported	Q1 2018
AAPLApple Inc.	$16.7M	3.83%	0.00%	Not reported	Q1 2018
METAMeta Platforms, Inc.	$16.6M	3.82%	Not reported	Not reported	Q1 2018
BRK.BBerkshire Hathaway Inc	$12.9M	2.96%	Not reported	Not reported	Q1 2018
CRMSalesforce, Inc.	$11.7M	2.70%	0.00%	Not reported	Q3 2019
JPMJPMorgan Chase & Co	$10.2M	2.36%	0.00%	Not reported	Q1 2018
GEGeneral Electric Co	$9.86M	2.27%	0.00%	Not reported	Q3 2021
SYFSynchrony Financial	$8.82M	2.03%	0.04%	Not reported	Q1 2018
GOOGAlphabet Inc.	$8.17M	1.88%	Not reported	Not reported	Q2 2018
ORCLOracle Corp	$8.14M	1.88%	0.00%	Not reported	Q1 2018
SHOPShopify Inc.	$8.08M	1.86%	0.02%	Not reported	Q1 2021
WFCWells Fargo & Company	$7.06M	1.62%	0.00%	Not reported	Q1 2018
AMDAdvanced Micro Devices Inc	$6.86M	1.58%	0.00%	Not reported	Q4 2018
XOMExxonMobil Holdings Corp	$6.69M	1.54%	0.00%	Not reported	Q1 2018
MAMastercard Inc	$6.65M	1.53%	0.00%	Not reported	Q1 2018
WMTWalmart Inc.	$6.41M	1.48%	0.00%	Not reported	Q1 2018
VVisa Inc.	$6.17M	1.42%	0.00%	Not reported	Q1 2018
GSGoldman Sachs Group Inc	$5.66M	1.30%	0.00%	Not reported	Q2 2018
PBIPitney Bowes Inc	$5.58M	1.28%	0.28%	Not reported	Q3 2018
GOOGLAlphabet Inc.	$5.49M	1.26%	0.00%	Not reported	Q2 2018
CCitigroup Inc	$5.23M	1.20%	0.00%	Not reported	Q1 2018
ABBVAbbVie Inc.	$5.18M	1.19%	0.00%	Not reported	Q1 2018
OXYOccidental Petroleum Corp	$5.1M	1.17%	0.01%	+25.9%	Q1 2018
GEVGE Vernova Inc.	$5.07M	1.17%	0.00%	Not reported	Q2 2024
COSTCostco Wholesale Corp	$4.97M	1.14%	0.00%	Not reported	Q2 2018
DISWalt Disney Co	$4.52M	1.04%	0.00%	Not reported	Q1 2018
JNJJohnson & Johnson	$4.41M	1.02%	0.00%	Not reported	Q1 2018
MSMorgan Stanley	$4.23M	0.97%	0.00%	Not reported	Q1 2018
IVZInvesco Ltd.	$4.03M	0.93%	0.06%	Not reported	Q1 2021
SPOTSpotify Technology S.A.	$3.84M	0.88%	0.00%	Not reported	Q1 2021
FHNFirst Horizon Corp	$3.82M	0.88%	0.04%	Not reported	Q2 2020
AMGNAmgen Inc	$3.8M	0.87%	0.00%	Not reported	Q1 2018
FFord Motor Co	$3.75M	0.86%	0.01%	Not reported	Q1 2018
COPConocophillips	$3.71M	0.85%	0.00%	Not reported	Q1 2018
AXPAmerican Express Co	$3.51M	0.81%	0.00%	Not reported	Q1 2018
IBMInternational Business Machines Corp	$3.51M	0.81%	0.00%	Not reported	Q1 2018
LOWLowes Companies Inc	$3.4M	0.78%	0.00%	Not reported	Q1 2018
BENFranklin Resources Inc	$3.35M	0.77%	0.03%	Not reported	Q1 2020
HONHoneywell International Inc	$3.28M	0.76%	0.00%	Not reported	Q1 2018
TJXTJX Companies Inc	$3.21M	0.74%	0.00%	Not reported	Q1 2018
CVXChevron Corp	$3.18M	0.73%	0.00%	Not reported	Q1 2018
CMCSAComcast Corp	$3.14M	0.72%	0.00%	Not reported	Q1 2018
ADPAutomatic Data Processing Inc	$3.08M	0.71%	0.00%	Not reported	Q1 2018
CATCaterpillar Inc	$3.03M	0.70%	0.00%	Not reported	Q2 2018
DEDeere & Co	$3M	0.69%	0.00%	Not reported	Q2 2018
VZVerizon Communications Inc	$2.91M	0.67%	0.00%	-27.1%	Q1 2018
ALLAllstate Corp	$2.78M	0.64%	0.01%	Not reported	Q1 2018
TAt&T Inc.	$2.71M	0.62%	0.00%	-34.8%	Q1 2018

Q1 2025Reported May 12, 2025125 positions
NVDANvidia Corp	$32.6M	8.12%	0.00%	Not reported	Q2 2018
AMZNAmazon Com Inc	$18.4M	4.58%	0.00%	Not reported	Q1 2018
AAPLApple Inc.	$18M	4.49%	0.00%	Not reported	Q1 2018
BRK.BBerkshire Hathaway Inc	$14.1M	3.51%	Not reported	Not reported	Q1 2018
METAMeta Platforms, Inc.	$13M	3.23%	Not reported	Not reported	Q1 2018
MSFTMicrosoft Corp	$12.9M	3.20%	0.00%	Not reported	Q1 2018
CRMSalesforce, Inc.	$11.5M	2.87%	0.00%	+138.8%	Q3 2019
JPMJPMorgan Chase & Co	$8.66M	2.15%	0.00%	Not reported	Q1 2018
GEGeneral Electric Co	$7.67M	1.91%	0.00%	Not reported	Q3 2021
XOMExxonMobil Holdings Corp	$7.38M	1.84%	0.00%	Not reported	Q1 2018
GOOGAlphabet Inc.	$7.2M	1.79%	Not reported	Not reported	Q2 2018
SYFSynchrony Financial	$6.99M	1.74%	0.03%	Not reported	Q1 2018
SHOPShopify Inc.	$6.68M	1.66%	0.02%	Not reported	Q1 2021
MAMastercard Inc	$6.48M	1.61%	0.00%	Not reported	Q1 2018
WFCWells Fargo & Company	$6.32M	1.57%	0.00%	Not reported	Q1 2018
VVisa Inc.	$6.09M	1.51%	0.00%	Not reported	Q1 2018
ABBVAbbVie Inc.	$5.85M	1.45%	0.00%	Not reported	Q1 2018
WMTWalmart Inc.	$5.76M	1.43%	0.00%	Not reported	Q1 2018
ORCLOracle Corp	$5.21M	1.30%	0.00%	Not reported	Q1 2018
AMDAdvanced Micro Devices Inc	$4.96M	1.24%	0.00%	Not reported	Q4 2018
GOOGLAlphabet Inc.	$4.82M	1.20%	0.00%	Not reported	Q2 2018
JNJJohnson & Johnson	$4.79M	1.19%	0.00%	Not reported	Q1 2018
COSTCostco Wholesale Corp	$4.74M	1.18%	0.00%	Not reported	Q2 2018
OXYOccidental Petroleum Corp	$4.73M	1.18%	0.01%	Not reported	Q1 2018
PBIPitney Bowes Inc	$4.63M	1.15%	0.28%	Not reported	Q3 2018
GSGoldman Sachs Group Inc	$4.37M	1.09%	0.00%	Not reported	Q2 2018
CCitigroup Inc	$4.36M	1.09%	0.00%	Not reported	Q1 2018
COPConocophillips	$4.34M	1.08%	0.00%	Not reported	Q1 2018
AMGNAmgen Inc	$4.24M	1.05%	0.00%	Not reported	Q1 2018
VZVerizon Communications Inc	$4.19M	1.04%	0.00%	Not reported	Q1 2018
TAt&T Inc.	$4.06M	1.01%	0.00%	Not reported	Q1 2018
IVZInvesco Ltd.	$3.87M	0.96%	0.06%	Not reported	Q1 2021
GILDGilead Sciences, Inc.	$3.81M	0.95%	0.00%	Not reported	Q1 2018
CVXChevron Corp	$3.71M	0.92%	0.00%	Not reported	Q1 2018
DISWalt Disney Co	$3.59M	0.89%	0.00%	Not reported	Q1 2018
LOWLowes Companies Inc	$3.57M	0.89%	0.00%	Not reported	Q1 2018
MSMorgan Stanley	$3.5M	0.87%	0.00%	Not reported	Q1 2018
FHNFirst Horizon Corp	$3.5M	0.87%	0.03%	Not reported	Q2 2020
FFord Motor Co	$3.46M	0.86%	0.01%	Not reported	Q1 2018
CMCSAComcast Corp	$3.25M	0.81%	0.00%	Not reported	Q1 2018
TJXTJX Companies Inc	$3.17M	0.79%	0.00%	Not reported	Q1 2018
UNHUnitedhealth Group Inc	$3.1M	0.77%	0.00%	Not reported	Q2 2018
ADPAutomatic Data Processing Inc	$3.06M	0.76%	0.00%	Not reported	Q1 2018
HONHoneywell International Inc	$2.99M	0.74%	0.00%	Not reported	Q1 2018
AXPAmerican Express Co	$2.96M	0.74%	0.00%	Not reported	Q1 2018
IBMInternational Business Machines Corp	$2.96M	0.74%	0.00%	Not reported	Q1 2018
GEVGE Vernova Inc.	$2.92M	0.73%	0.00%	Not reported	Q2 2024
ALLAllstate Corp	$2.86M	0.71%	0.01%	Not reported	Q1 2018
PNWPinnacle West Capital Corp	$2.86M	0.71%	0.03%	Not reported	Q1 2018
PFEPfizer Inc	$2.83M	0.70%	0.00%	Not reported	Q1 2018

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