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Portfolio (Quarterly) Guide ↗

Gifford Fong Associates

· CIK 0001740316
13F Portfolio $476M AUM Filed Nov 3, 2025 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 122 New
Page 3 of 7  ·  122 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 CVX CHEVRON CORP NEW Energy 22,200.0 $3.4M 0.72% NEW $155.27 +23.0%
42 IBM INTERNATIONAL BUSINESS MACHS Technology 11,900.0 $3.4M 0.71% NEW $282.18 -10.4%
43 MU MICRON TECHNOLOGY INC Technology 19,800.0 $3.3M 0.70% NEW $167.32 +355.5%
44 BEN FRANKLIN RES INC Financial Services 140,480.0 $3.2M 0.68% NEW $23.13 +33.4%
45 TSLA TESLA INC Consumer Cyclical 6,782.0 $3.0M 0.63% NEW $444.71 -6.2%
46 HON HONEYWELL INTL INC Industrials 14,100.0 $3.0M 0.62% NEW $210.50 +6.3%
47 ALL ALLSTATE CORP Financial Services 13,800.0 $3.0M 0.62% NEW $214.64 -0.1%
48 VZ VERIZON COMMUNICATIONS INC Communication Services 67,263.0 $3.0M 0.62% NEW $43.95 +8.8%
49 ADP AUTOMATIC DATA PROCESSING IN Industrials 10,000.0 $2.9M 0.62% NEW $293.50 -25.0%
50 PFE PFIZER INC Healthcare 111,527.0 $2.8M 0.60% NEW $25.48 +1.8%
51 CMCSA COMCAST CORP NEW Communication Services 88,000.0 $2.8M 0.58% NEW $31.42 -20.2%
52 DE DEERE & CO Industrials 5,900.0 $2.7M 0.57% NEW $457.29 +16.2%
53 PNW PINNACLE WEST CAP CORP Utilities 30,000.0 $2.7M 0.56% NEW $89.67 +13.7%
54 T AT&T INC Communication Services 93,689.0 $2.6M 0.56% NEW $28.24 -11.7%
55 ABT ABBOTT LABS Healthcare 19,400.0 $2.6M 0.55% NEW $133.92 -34.5%
56 KO COCA COLA CO Consumer Defensive 37,000.0 $2.5M 0.52% NEW $66.32 +22.4%
57 AFL AFLAC INC Financial Services 20,600.0 $2.3M 0.48% NEW $111.70 +5.5%
58 INTC INTEL CORP Technology 66,395.0 $2.2M 0.47% NEW $33.56 +253.1%
59 BK BANK NEW YORK MELLON CORP Financial Services 18,872.0 $2.1M 0.43% NEW $108.94 +27.6%
60 UNH UNITED HEALTH GROUP INC Healthcare 5,918.0 $2.0M 0.43% NEW $345.22 +11.0%
Page 3 of 7  ·  122 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 31.6%
Financial Services 20.8%
Communication Services 11.5%
Industrials 8.6%
Consumer Cyclical 8.4%
Healthcare 6.8%
Energy 5.4%
Consumer Defensive 3.8%
Utilities 1.9%
Basic Materials 0.6%