GF

Gifford Fong Associates

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$501.4M

Reporting period: 2025-12-31 · Number of holdings: 124

Gifford Fong Associates disclosed 124 holdings in its latest 13F filing for the period ending 2025-12-31, with total reported value of $501.4M and a quarterly turnover rate of 10.1%.

Personality snowflake

Concentration
9.94
Portfolio Stability
10.09
Momentum/Contrarian
100
Sector conviction
62.87
Diversification
100
Sizing Uniformity
85.52

Recent moves

  • Add AMD

    +20.7%　$4.7M

  • Trim ORCL

    0.0%　-$3.2M

  • Add CRM

    +15.9%　$4.4M

  • Add GOOG

    0.0%　$3.2M

  • Trim META

    0.0%　-$1.7M

  • Add MU

    0.0%　$2.3M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1NVDANvidia CORPStock-Tech9.16%——
2AMZNAmazon.com INCStock-Consumer Disc4.46%-0.01%—
3AAPLApple INCStock-Tech4.40%+0.06%—
4CRMSalesforce INCStock-Tech3.86%+0.72%+15.87%
5MSFTMicrosoft CORPStock-Tech3.31%-0.42%—
6METAMeta Platforms Inc-class AStock-Comm Services2.96%-0.51%—
7GOOGAlphabet Inc-cl CStock-Comm Services2.88%+0.52%—
8BRK-BBerkshire Hathaway Inc-cl BStock-Other2.66%——
9AMDAdvanced Micro DevicesStock-Tech2.49%+0.85%+20.70%
10GEGeneral ElectricStock-Industrials2.35%-0.07%—
11JPMJpmorgan Chase & CoStock-Financials2.27%-0.07%—
12SHOPShopify INC - Class AStock-Tech2.25%+0.06%—
13SYFSynchrony FinancialStock-Financials2.20%+0.23%—
14GOOGLAlphabet Inc-cl AStock-Comm Services1.94%+0.35%—
15WFCWells Fargo & CoStock-Financials1.64%+0.09%—
16XOMExxon Mobil CORPStock-Energy1.49%+0.02%—
17WMTWalmart INCStock-Consumer Staples1.46%+0.04%—
18ORCLOracle CORPStock-Tech1.45%-0.75%—
19CCitigroup INCStock-Financials1.43%+0.12%—
20OXYOccidental Petroleum CORPStock-Energy1.41%-0.29%—
21GSGoldman Sachs Group INCStock-Financials1.40%+0.06%—
22MAMastercard INC - AStock-Financials1.35%——
23IVZInvesco Ltd.Stock-Financials1.34%+0.11%—
24ABBVAbbvie INCStock-Healthcare1.27%——
25GEVGE Vernova INCStock-Industrials1.25%+0.01%—
26VVisa Inc-class A SharesStock-Financials1.22%——
27JNJJohnson & JohnsonStock-Healthcare1.19%+0.06%—
28MUMicron Technology INCStock-Tech1.13%+0.43%—
29PBIPitney Bowes INCStock-Other1.08%-0.15%—
30MSMorgan StanleyStock-Financials1.06%+0.06%—
31FFord Motor CoStock-Consumer Disc0.90%+0.03%—
32CATCaterpillar INCStock-Industrials0.89%+0.11%—
33AMGNAmgen INCStock-Healthcare0.89%+0.08%—
34COSTCostco Wholesale CORPStock-Consumer Staples0.86%-0.12%—
35FHNFirst Horizon CORPStock-Financials0.86%——
36DISWalt Disney Co/theStock-Comm Services0.83%——
37AXPAmerican Express CoStock-Financials0.81%+0.04%—
38TJXTjx Companies INCStock-Consumer Disc0.80%+0.01%—
39COPConocophillipsStock-Energy0.77%——
40LOWLowe's Cos INCStock-Consumer Disc0.74%——
41IBMIntl Business Machines CORPStock-Tech0.70%——
42CVXChevron CORPStock-Energy0.67%——
43BENFranklin Resources INCStock-Financials0.67%——
44TSLATesla INCStock-Consumer Disc0.61%——
45SPOTSpotify Technology S.A.Stock-Comm Services0.58%-0.15%—
46ALLAllstate CORPStock-Financials0.57%——
47CIENCiena CORPStock-Tech0.57%+0.19%—
48PFEPfizer INCStock-Healthcare0.55%——
49HONHoneywell International INCStock-Industrials0.55%-0.07%—
50DEDeere & CoStock-Industrials0.55%——
1–50 of 124

Holding changes this quarter

Gifford Fong Associates's most significant position changes for 2025-12-31: New buy: Qnity Electronics INC (Q); New buy: Solstice Adv Materials INC (SOLS); Add: Advanced Micro Devices (AMD) — shares +20.70%; Add: Salesforce INC (CRM) — shares +15.87%.

Position changes disclosed by Gifford Fong Associates for the quarter ending 2025-12-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1AMDAdvanced Micro Devices+0.9%+20.70%Add
2CRMSalesforce INC+0.7%+15.87%Add
3GOOGAlphabet Inc-cl C+0.5%—Unchanged
4MUMicron Technology INC+0.4%—Unchanged
5GOOGLAlphabet Inc-cl A+0.4%—Unchanged
6SYFSynchrony Financial+0.2%—Unchanged
7CIENCiena CORP+0.2%—Unchanged
8CCitigroup INC+0.1%—Unchanged
9IVZInvesco Ltd.+0.1%—Unchanged
10CATCaterpillar INC+0.1%—Unchanged
11WFCWells Fargo & Co+0.1%—Unchanged
12AMGNAmgen INC+0.1%—Unchanged
13MRKMerck & Co. INC.+0.1%—Unchanged
14LUMNLumen Technologies INC+0.1%—Unchanged
15AAPLApple INC+0.1%—Unchanged
16SHOPShopify INC - Class A+0.1%—Unchanged
17GSGoldman Sachs Group INC+0.1%—Unchanged
18JNJJohnson & Johnson+0.1%—Unchanged
19MSMorgan Stanley+0.1%—Unchanged
20BMYBristol-myers Squibb Co+0.1%—Unchanged
21RIGTransocean Ltd.+0.1%—Unchanged
22WMTWalmart INC0%—Unchanged
23AXPAmerican Express Co0%—Unchanged
24PHParker Hannifin CORP0%—Unchanged
25FFord Motor Co0%—Unchanged
26CSCOCisco Systems INC0%—Unchanged
27BIIBBiogen INC0%—Unchanged
28XOMExxon Mobil CORP0%—Unchanged
29INTCIntel CORP0%—Unchanged
30UPSUnited Parcel Service-cl B0%—Unchanged
31GEVGE Vernova INC0%—Unchanged
32TJXTjx Companies INC0%—Unchanged
33FHNFirst Horizon CORP——Unchanged
34AMZNAmazon.com INC0%—Unchanged
356D8Dupont De Nemours INC0%—Unchanged
36GEGeneral Electric-0.1%—Unchanged
37JPMJpmorgan Chase & Co-0.1%—Unchanged
38HONHoneywell International INC-0.1%—Unchanged
39VZVerizon Communications INC-0.1%—Unchanged
40TAt&t INC-0.1%—Unchanged
41ADPAutomatic Data Processing-0.1%—Unchanged
42COSTCostco Wholesale CORP-0.1%—Unchanged
43SPOTSpotify Technology S.A.-0.2%—Unchanged
44PBIPitney Bowes INC-0.2%—Unchanged
45OXYOccidental Petroleum CORP-0.3%—Unchanged
46MSFTMicrosoft CORP-0.4%—Unchanged
47METAMeta Platforms Inc-class A-0.5%—Unchanged
48ORCLOracle CORP-0.8%—Unchanged
49QQnity Electronics INC—NEWNew buy
50SOLSSolstice Adv Materials INC—NEWNew buy

FAQ

What is Gifford Fong Associates and what type of investor is it?
Gifford Fong Associates is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-12-31), the firm manages a tracked equity portfolio valued at approximately $501.4M, spread across 124 disclosed positions.
What are Gifford Fong Associates's largest equity positions?
Based on the latest 13F filing, Gifford Fong Associates's top holdings by market value are: 1. Nvidia CORP (NVDA) — $45.9M (9.2%) 2. Amazon.com INC (AMZN) — $22.3M (4.5%) 3. Apple INC (AAPL) — $22.1M (4.4%) 4. Salesforce INC (CRM) — $19.3M (3.9%) 5. Microsoft CORP (MSFT) — $16.6M (3.3%)
What changes did Gifford Fong Associates make in its most recent portfolio filing?
In the latest quarter, Gifford Fong Associates was primarily adding exposure — initiating 2 new positions and adding to 2 existing holdings. The largest of these moves: New buy: Qnity Electronics INC (Q); New buy: Solstice Adv Materials INC (SOLS); Add: Advanced Micro Devices (AMD) — shares +20.70%; Add: Salesforce INC (CRM) — shares +15.87%
What sectors does Gifford Fong Associates focus on?
Gifford Fong Associates is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 37.6% • Financials: 17.4% • Communication Services: 12.4% • Industrials: 8.0% • Consumer Discretionary: 7.8% • Health Care: 7.2%