Gifford Fong Associates

Q3 2025 13F-HR Holdings

Location
Lafayette, CA
Holdings as of
9/30/2025
Date filed
11/3/2025
Form type
13F-HR
Num holdings
122
Total value ($000)
$475,795
Net value change ($000)
+41,470 (9.5%)
New positions
0
Sold out positions
1
Turnover %
0.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/10/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AAPL 4,015 24.1%
CRM 3,205 27.3%
GOOGL 3,047 37.3%
OXY 2,999 58.8%
ORCL 2,332 28.6%
SHOP 2,328 28.8%
NVDA 2,300 5.3%
GOOGL 2,082 37.9%
IVZ 1,831 45.5%
GE 1,664 16.9%
Top Reduces (Value $000, Stocks/ETFs)
CMCSA -376 -12.0%
SPOT -347 -9.0%
DIS -346 -7.7%
COST -323 -6.5%
HON -316 -9.6%
DE -302 -10.1%
V -238 -3.9%
BAX -218 -24.8%
UPS -205 -17.2%
TXN -191 -11.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type