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Portfolio (Quarterly) Guide ↗

Gifford Fong Associates

· CIK 0001740316
13F Portfolio $501M AUM 124 positions Filed Feb 10, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 2 New 2 Added
Page 6 of 7  ·  124 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 EOG EOG RES INC Energy 6,000.0 $630K 0.13% $105.00 +33.3%
102 GL GLOBE LIFE INC Financial Services 4,500.0 $629K 0.12% $139.78 +12.0%
103 KEY KEYCORP NEW Financial Services 30,000.0 $619K 0.12% $20.63 +4.2%
104 APA APA CORPORATION Energy 25,000.0 $612K 0.12% $24.48 +56.6%
105 DB DEUTSCHE BANK AG Financial Services 15,000.0 $578K 0.12% $38.53 -14.6%
106 BAX BAXTER INTL INC Healthcare 29,000.0 $554K 0.11% $19.10 -0.4%
107 CARR CARRIER GLOBAL CORPORATION Industrials 10,000.0 $528K 0.10% $52.80 +17.8%
108 NUE NUCOR CORP Basic Materials 3,000.0 $489K 0.10% $163.00 +38.9%
109 HRL HORMEL FOODS CORP Consumer Defensive 20,000.0 $474K 0.10% $23.70 -11.1%
110 WBD WARNER BROS DISCOVERY INC Communication Services 13,760.0 $397K 0.08% $28.85 -5.0%
111 WAB WABTEC CORP Industrials 1,806.0 $385K 0.08% $213.18 +21.6%
112 IFF INTERNATIONAL FLAVORS&FRAGRA Basic Materials 3,707.0 $250K 0.05% $67.44 +11.6%
113 DOW DOW INC Basic Materials 9,828.0 $230K 0.05% $23.40 +53.4%
114 HAL HALLIBURTON CO Energy 8,000.0 $226K 0.04% $28.25 +48.5%
115 SWK STANLEY BLACK & DECKER INC Industrials 3,000.0 $223K 0.04% $74.33 +0.9%
116 SOLV SOLVENTUM CORP Healthcare 2,437.0 $193K 0.04% $79.20 -3.9%
117 VTRS VIATRIS INC Healthcare 15,476.0 $193K 0.04% $12.47 +33.0%
118 BB BLACKBERRY LTD Technology 50,000.0 $190K 0.04% $3.80 +75.0%
119 Q QNITY ELECTRONICS INC Technology 2,332.0 $190K 0.04% NEW $81.48 +87.8%
120 DD DUPONT DE NEMOURS INC Basic Materials 4,665.0 $188K 0.04% $40.30 +17.0%
Page 6 of 7  ·  124 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 32.2%
Financial Services 21.1%
Communication Services 11.5%
Consumer Cyclical 8.3%
Industrials 8.3%
Healthcare 6.9%
Energy 5.0%
Consumer Defensive 3.7%
Utilities 1.8%
Basic Materials 0.6%