Gifford Fong Associates
•CIK: 1740316•Filing: Q4 2025
**Gifford Fong Associates** manages $501M across a diversified portfolio of 124 positions. The fund exhibits significant concentration in mega-cap technology names, with top holdings including NVDA at $45.9M and AMZN at $22.3M. Further substantial allocations are noted in AAPL ($22.1M), CRM ($19.3M), and MSFT ($16.6M). This structure suggests a conviction-driven, large-cap growth mandate heavily weighted toward market leaders.
Total AUM
$501.4M
QoQ Performance
+5.4%
Positions
123
Top 10 Concentration
38.5%
Latest Filing
Q4 2025
Top Holdings Allocation
NVDA
NVDA9.2%
AMZN4.5%
AAPL4.4%
CRM3.9%
MSFT3.3%
META3.0%
GOOG2.9%
BRK/B2.7%
📈 Biggest Buys
📉 Biggest Sells
No reductions this quarter
Sector Breakdown
Technology34.5%
Other25.3%
Financial12.4%
Consumer8.7%
Healthcare5.9%
Industrial5.6%
Energy3.8%
Communication2.4%
Changes from Q3 2025
NEW2 new positions
↑2 increased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023