Gifford Fong Associates

LAFAYETTE, CA · CIK 1740316 · 13F filing filed 2026-02-10

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityGIFFORD FONG ASSOCIATES (US)

Others nearbyLafayette, CA

As an employer

US visa salary filings

Filings FY20241
Median salary offered$85,000
Middle half$85,000 – $85,000
Job titles1

Job title	Filings	Median	Range
Research AssociateLafayette, CA	1	$85,000	$85,000 – $100,000

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: Gifford Fong Associates.

$501.4m reported value +5.4% vs Q3 2025

124positions

38.5%in top 10

2 new 2 added 0 reduced 0 sold out vs Q3 2025

Holdings, Q4 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	246,210	$45.9m9.16%	9.16%	Unchanged
2	AMAZON COM INC COM AMZN	AMZN	96,793	$22.3m4.46%	4.46%	Unchanged
3	APPLE INC COM AAPL	AAPL	81,169	$22.1m4.40%	4.40%	Unchanged
4	SALESFORCE INC COM CRM	CRM	73,009	$19.3m3.86%	3.86%	Added +10.0k	+10,000 15.9%
5	MICROSOFT CORP COM MSFT	MSFT	34,302	$16.6m3.31%	3.31%	Unchanged
6	META PLATFORMS INC CL A META	META	22,500	$14.9m2.96%	2.96%	Unchanged
7	ALPHABET INC CAP STK CL C GOOG	GOOG	46,055	$14.5m2.88%	2.88%	Unchanged
8	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	26,500	$13.3m2.66%	2.66%	Unchanged
9	ADVANCED MICRO DEVICES INC COM AMD	AMD	58,318	$12.5m2.49%	2.49%	Added +10.0k	+10,000 20.7%
10	GE AEROSPACE COM NEW GE	GE	38,301	$11.8m2.35%	2.35%	Unchanged
11	JPMORGAN CHASE & CO COM JPM	JPM	35,296	$11.4m2.27%	2.27%	Unchanged
12	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	70,000	$11.3m2.25%	2.25%	Unchanged
13	SYNCHRONY FINANCIAL COM SYF	SYF	132,073	$11.0m2.20%	2.20%	Unchanged
14	ALPHABET INC CAP STK CL A GOOGL	GOOGL	31,140	$9.7m1.94%	1.94%	Unchanged
15	WELLS FARGO CO NEW COM WFC	WFC	88,052	$8.2m1.64%	1.64%	Unchanged
16	EXXON MOBIL CORP COM XOM	XOM	62,066	$7.5m1.49%	1.49%	Unchanged
17	WALMART INC COM WMT	WMT	65,550	$7.3m1.46%	1.46%	Unchanged
18	ORACLE CORP COM ORCL	ORCL	37,250	$7.3m1.45%	1.45%	Unchanged
19	CITIGROUP INC COM NEW C	C	61,471	$7.2m1.43%	1.43%	Unchanged
20	OCCIDENTAL PETE CORP COM OXY	OXY	171,429	$7.0m1.41%	1.41%	Unchanged
21	GOLDMAN SACHS GROUP INC COM GS	GS	8,000	$7.0m1.40%	1.40%	Unchanged
22	MASTERCARD INCORPORATED CL A MA	MA	11,829	$6.8m1.35%	1.35%	Unchanged
23	INVESCO LTD SHS IVZ	IVZ	255,393	$6.7m1.34%	1.34%	Unchanged
24	ABBVIE INC COM ABBV	ABBV	27,900	$6.4m1.27%	1.27%	Unchanged
25	GE VERNOVA INC COM GEV	GEV	9,575	$6.3m1.25%	1.25%	Unchanged
26	VISA INC COM CL A V	V	17,375	$6.1m1.22%	1.22%	Unchanged
27	JOHNSON & JOHNSON COM JNJ	JNJ	28,900	$6.0m1.19%	1.19%	Unchanged
28	MICRON TECHNOLOGY INC COM MU	MU	19,800	$5.7m1.13%	1.13%	Unchanged
29	PITNEY BOWES INC COM PBI	PBI	511,059	$5.4m1.08%	1.08%	Unchanged
30	MORGAN STANLEY COM NEW MS	MS	30,000	$5.3m1.06%	1.06%	Unchanged
31	FORD MTR CO COM F	F	345,157	$4.5m0.90%	0.90%	Unchanged
32	CATERPILLAR INC COM CAT	CAT	7,800	$4.5m0.89%	0.89%	Unchanged
33	AMGEN INC COM AMGN	AMGN	13,609	$4.5m0.89%	0.89%	Unchanged
34	COSTCO WHSL CORP NEW COM COST	COST	5,016	$4.3m0.86%	0.86%	Unchanged
35	FIRST HORIZON CORPORATION COM FHN	FHN	180,082	$4.3m0.86%	0.86%	Unchanged
36	DISNEY WALT CO COM DIS	DIS	36,407	$4.1m0.83%	0.83%	Unchanged
37	AMERICAN EXPRESS CO COM AXP	AXP	11,000	$4.1m0.81%	0.81%	Unchanged
38	TJX COS INC NEW COM TJX	TJX	26,000	$4.0m0.80%	0.80%	Unchanged
39	CONOCOPHILLIPS COM COP	COP	41,281	$3.9m0.77%	0.77%	Unchanged
40	LOWES COS INC COM LOW	LOW	15,320	$3.7m0.74%	0.74%	Unchanged
41	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	11,900	$3.5m0.70%	0.70%	Unchanged
42	CHEVRON CORP NEW COM CVX	CVX	22,200	$3.4m0.67%	0.67%	Unchanged
43	FRANKLIN RESOURCES INC COM BEN	BEN	140,480	$3.4m0.67%	0.67%	Unchanged
44	TESLA INC COM TSLA	TSLA	6,782	$3.0m0.61%	0.61%	Unchanged
45	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	5,000	$2.9m0.58%	0.58%	Unchanged
46	ALLSTATE CORP COM ALL	ALL	13,800	$2.9m0.57%	0.57%	Unchanged
47	CIENA CORP COM NEW CIEN	CIEN	12,255	$2.9m0.57%	0.57%	Unchanged
48	PFIZER INC COM PFE	PFE	111,527	$2.8m0.55%	0.55%	Unchanged
49	HONEYWELL INTL INC COM COM		14,100	$2.8m0.55%	0.55%	Unchanged
50	DEERE & CO COM DE	DE	5,900	$2.7m0.55%	0.55%	Unchanged
51	VERIZON COMMUNICATIONS INC COM VZ	VZ	67,263	$2.7m0.55%	0.55%	Unchanged
52	PINNACLE WEST CAP CORP COM PNW	PNW	30,000	$2.7m0.53%	0.53%	Unchanged
53	COMCAST CORP NEW CL A CMCSA	CMCSA	88,000	$2.6m0.52%	0.52%	Unchanged
54	COCA COLA CO COM KO	KO	37,000	$2.6m0.52%	0.52%	Unchanged
55	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	10,000	$2.6m0.51%	0.51%	Unchanged
56	INTEL CORP COM INTC	INTC	66,395	$2.5m0.49%	0.49%	Unchanged
57	ABBOTT LABS COM ABT	ABT	19,400	$2.4m0.48%	0.48%	Unchanged
58	MERCK & CO INC COM MRK	MRK	22,900	$2.4m0.48%	0.48%	Unchanged
59	AT&T INC COM T	T	93,689	$2.3m0.46%	0.46%	Unchanged
60	AFLAC INC COM AFL	AFL	20,600	$2.3m0.45%	0.45%	Unchanged
61	PARKER-HANNIFIN CORP COM PH	PH	2,500	$2.2m0.44%	0.44%	Unchanged
62	BANK NEW YORK MELLON CORP COM BNY	BNY	18,872	$2.2m0.44%	0.44%	Unchanged
63	PNC FINL SVCS GROUP INC COM PNC	PNC	10,000	$2.1m0.42%	0.42%	Unchanged
64	CISCO SYS INC COM CSCO	CSCO	26,540	$2.0m0.41%	0.41%	Unchanged
65	TRAVELERS COMPANIES INC COM TRV	TRV	7,000	$2.0m0.40%	0.40%	Unchanged
66	UNITEDHEALTH GROUP INC COM UNH	UNH	5,918	$2.0m0.39%	0.39%	Unchanged
67	LUMEN TECHNOLOGIES INC COM LUMN	LUMN	250,000	$1.9m0.39%	0.39%	Unchanged
68	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	35,899	$1.9m0.39%	0.39%	Unchanged
69	BOEING CO COM BA	BA	8,735	$1.9m0.38%	0.38%	Unchanged
70	PEPSICO INC COM PEP	PEP	13,000	$1.9m0.37%	0.37%	Unchanged
71	RTX CORPORATION COM RTX	RTX	10,000	$1.8m0.37%	0.37%	Unchanged
72	STARBUCKS CORP COM SBUX	SBUX	21,000	$1.8m0.35%	0.35%	Unchanged
73	AMERICAN INTL GROUP INC COM NEW AIG	AIG	19,100	$1.6m0.33%	0.33%	Unchanged
74	3M CO COM MMM	MMM	9,750	$1.6m0.31%	0.31%	Unchanged
75	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	19,012	$1.6m0.31%	0.31%	Unchanged
76	PRUDENTIAL FINL INC COM PRU	PRU	13,500	$1.5m0.30%	0.30%	Unchanged
77	TEXAS INSTRS INC COM TXN	TXN	8,000	$1.4m0.28%	0.28%	Unchanged
78	PUBLIC STORAGE COM PSA	PSA	5,000	$1.3m0.26%	0.26%	Unchanged
79	SIMON PPTY GROUP INC NEW COM SPG	SPG	7,000	$1.3m0.26%	0.26%	Unchanged
80	ZOOM COMMUNICATIONS INC CL A ZM	ZM	15,000	$1.3m0.26%	0.26%	Unchanged
81	METLIFE INC COM MET	MET	15,000	$1.2m0.24%	0.24%	Unchanged
82	UNITED PARCEL SERVICE INC CL B UPS	UPS	11,800	$1.2m0.23%	0.23%	Unchanged
83	PROGRESSIVE CORP COM PGR	PGR	5,000	$1.1m0.23%	0.23%	Unchanged
84	GILEAD SCIENCES INC COM GILD	GILD	9,000	$1.1m0.22%	0.22%	Unchanged
85	ANALOG DEVICES INC COM ADI	ADI	4,000	$1.1m0.22%	0.22%	Unchanged
86	TRANSOCEAN LTD REGISTERED SHS RIG	RIG	250,000	$1.0m0.21%	0.21%	Unchanged
87	BIOGEN INC COM BIIB	BIIB	5,750	$1.0m0.20%	0.20%	Unchanged
88	SHERWIN WILLIAMS CO COM SHW	SHW	3,000	$972.0k0.19%	0.19%	Unchanged
89	NIKE INC CL B NKE	NKE	15,000	$956.0k0.19%	0.19%	Unchanged
90	DELL TECHNOLOGIES INC CL C DELL	DELL	6,946	$874.0k0.17%	0.17%	Unchanged
91	ITT INC COM ITT	ITT	5,000	$868.0k0.17%	0.17%	Unchanged
92	QUALCOMM INC COM QCOM	QCOM	5,000	$855.0k0.17%	0.17%	Unchanged
93	BANK AMERICA CORP COM BAC	BAC	15,147	$833.0k0.17%	0.17%	Unchanged
94	COLGATE PALMOLIVE CO COM CL	CL	10,400	$822.0k0.16%	0.16%	Unchanged
95	HERSHEY CO COM HSY	HSY	4,000	$728.0k0.15%	0.15%	Unchanged
96	BERKLEY W R CORP COM WRB	WRB	10,125	$710.0k0.14%	0.14%	Unchanged
97	LOEWS CORP COM L	L	6,700	$706.0k0.14%	0.14%	Unchanged
98	BAUSCH HEALTH COS INC COM BHC	BHC	100,000	$695.0k0.14%	0.14%	Unchanged
99	CORTEVA INC COM CTVA	CTVA	9,828	$659.0k0.13%	0.13%	Unchanged
100	US BANCORP DEL COM NEW USB	USB	12,000	$640.0k0.13%	0.13%	Unchanged