GFS Advisors, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 25, 2024), GFS Advisors, LLC reported 146 stock positions worth $603.6 million. Its top holding was Walt Disney (DIS) at 5.8% of the portfolio, followed by FedEx (FDX, 4.8%) and SS SPDR S&P 500 ETF Trust-US (SPY, 4.7%). Compared with Q4 2023, it opened 10 new positions, sold out of 15, added to 46 and reduced 45. The biggest buy was Walt Disney (DIS, shares +13%) and the biggest sale an exit from Amazon.com (AMZN).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001427263
Portfolio Value
$603.6M (Q1 2024)
SEC Filing
0001427263-24-000002 ↗ filed Apr 25, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $603.6M $603.6M Q1 2024 Q2 2024: $620.5M Q2 2024 Q3 2024: $470.4M Q3 2024 Q4 2024: $657.6M Q4 2024 Q1 2025: $498.1M Q1 2025 Q2 2025: $730.8M Q2 2025 Q3 2025: $783.7M Q3 2025 Q4 2025: $842.0M Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $937.5M Q2 2026

Holdings 146 stocks · $603.6M
DIS The Walt Disney Co. filed as DISNEY WALT CO 5.79% 285,746 $35.0M Add +13.0%
FDX FedEx Corp. 4.83% 100,647 $29.2M Add +8.5%
SPY SS SPDR S&P 500 ETF Trust-US 4.69% 54,131 $28.3M Reduce -7.8%
MSFT Microsoft Corp. 3.52% 50,518 $21.3M Reduce -4.1%
GOOGL Alphabet Inc. Class A 3.51% 140,235 $21.2M Reduce -4.0%
VWO Vanguard Ftse Emerging Marke 3.01% 434,539 $18.2M Add +3.6%
EWJ iShares MSCI Japan ETF 2.62% 221,637 $15.8M Reduce -0.1%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 2.43% 1,229,245 $14.7M No change
TSLA Tesla Inc. 2.28% 78,223 $13.8M New
BABA Alibaba Group Holding-SP ADR 2.27% 189,090 $13.7M Add +36.4%
VTI VG Morningstar TS MKT ETF-US 2.20% 51,163 $13.3M Reduce -0.3%
BUD Anheuser-Busch Inbev-SPN ADR 2.07% 205,905 $12.5M Reduce -0.5%
ACWI iShares MSCI Acwi ETF 1.98% 108,520 $12.0M No change
JPM JPMorgan Chase & Co. 1.92% 58,001 $11.6M Add +0.0%
PEP Pepsico Inc. 1.91% 65,705 $11.5M Add +16.4%
PFE Pfizer Inc. 1.88% 408,964 $11.3M Add +20.9%
WMT Walmart Inc. 1.85% 185,461 $11.2M No change
IJH iShares Core S&P Midcap ETF 1.83% 182,246 $11.1M Add +4.4%
MRK Merck & Co. Inc. 1.79% 81,944 $10.8M Reduce -1.8%
UL Unilever PLC 1.74% 209,138 $10.5M No change
META Meta Platforms Inc. Class A 1.73% 21,530 $10.5M Reduce -16.9%
VGK Vanguard Ftse Europe ETF 1.66% 149,101 $10.0M Add +0.9%
SHV iShares 0-1 Year Treasury Bo 1.54% 84,294 $9.3M Reduce -27.4%
IJR iShares Core S&P Small-Cap E 1.48% 80,997 $9.0M Add +7.1%
MDY State Street SPDR S&P Midcap 1.47% 15,978 $8.9M No change
BXMT Blackstone Mortgage Tru Class A 1.46% 441,245 $8.8M No change
INTC Intel Corp. 1.45% 198,386 $8.8M Add +0.0%
CVX Chevron Corp. 1.42% 54,177 $8.5M Add +49.3%
AAXJ iShares MSCI All Country Asi 1.42% 126,120 $8.5M No change
FEZ State Street SPDR Euro Stoxx 1.30% 149,402 $7.9M Add +1.2%
NKE Nike Inc. Class B 1.30% 83,331 $7.8M Add +0.0%
JNJ Johnson & Johnson 1.25% 47,553 $7.5M Add +0.5%
IAU iShares Gold Trust 1.06% 152,898 $6.4M Reduce -4.5%
VXUS Vanguard Total Intl Stock 1.01% 100,890 $6.1M Add +15.8%
XOM Exxon Mobil Corp. 0.99% 51,641 $6.0M Add +8.4%
TV Grupo Televisa SA-Spon ADR 0.94% 1,768,590 $5.7M Add +210.3%
PG The Procter & Gamble Co. 0.87% 32,537 $5.3M Add +0.0%
RSP Invesco S&P 500 Equal Weight 0.85% 30,283 $5.1M Reduce -1.6%
GOOG Alphabet Inc. Class C 0.85% 33,594 $5.1M Reduce -15.6%
VUG Vanguard Mrngstar GR ETF-Sui 0.83% 14,594 $5.0M Reduce -2.2%
VEU Vanguard Ftse All-World Ex-U 0.71% 73,082 $4.3M Add +9.7%
IVV iShares Core S&P 500 ETF 0.66% 7,590 $4.0M No change
VTV Vanguard Mrngstr Val ETF-Aui 0.65% 24,055 $3.9M Reduce -0.9%
NAD Nuveen Quality Municipal Inc. 0.64% 337,000 $3.9M Reduce -5.6%
BBVA Banco Bilbao Vizcaya-SP ADR 0.63% 321,565 $3.8M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.59% 9,018 $3.6M Reduce -2.7%
T AT&T Inc. 0.52% 178,523 $3.1M Reduce -0.7%
SMCI Super Micro Computer Inc. 0.52% 3,100 $3.1M New
VSS Vanguard Ftse All Wo X-US SC 0.50% 25,856 $3.0M Add +21.5%
KREF KKR Real Estate Finance Trus 0.47% 281,335 $2.8M No change
IWD iShares Russell 1000 Value E 0.46% 15,458 $2.8M Reduce -1.6%
FMX Fomento Economico Mex-SP ADR 0.43% 20,000 $2.6M No change
PLTR Palantir Technologies Inc. Class A 0.43% 112,670 $2.6M Add +15.7%
C Citigroup Inc. 0.42% 40,440 $2.6M Add +3.9%
CSCO Cisco Systems Inc. 0.41% 49,404 $2.5M Reduce -0.1%
SBUX Starbucks Corp. 0.40% 26,680 $2.4M Add +2.0%
KHC The Kraft Heinz Co. 0.40% 65,125 $2.4M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.39% 9,405 $2.4M No change
DEM Wisdomtree Emerging Markets 0.37% 53,872 $2.3M Add +0.9%
WM Waste Management Inc. 0.37% 10,450 $2.2M No change
SHEL Shell PLC-ADR 0.36% 32,456 $2.2M No change
XLF SS Financial Select Sector 0.36% 51,105 $2.2M No change
TM Toyota Motor Corp. -Spon ADR 0.32% 7,675 $1.9M No change
SONO Sonos Inc. 0.32% 100,000 $1.9M No change
CX Cemex Sab-Spons ADR Part Cer 0.30% 203,553 $1.8M Reduce -0.1%
GDX Vaneck Gold Miners ETF 0.30% 56,497 $1.8M Add +73.2%
XBI SS SPDR S&P Biotech ETF 0.29% 18,182 $1.7M Add +46.1%
VB Vanguard Most SM-Cap ETF-Usd 0.27% 7,190 $1.6M No change
ESGU iShares ESG Aware MSCI USA 0.27% 13,995 $1.6M Reduce -1.7%
DXJ Wisdomtree Japan Hedged Eq 0.26% 14,350 $1.6M No change
CPNG Coupang Inc. 0.25% 84,485 $1.5M Reduce -0.4%
VXF Vanguard Extended Market ETF 0.24% 8,350 $1.5M Reduce -3.2%
EPD Enterprise Products Partners 0.24% 50,000 $1.5M No change
QCOM Qualcomm Inc. 0.24% 8,615 $1.5M Add +3.4%
V Visa Inc. Class A 0.24% 5,184 $1.4M No change
ICLN iShares Global Clean Energy 0.24% 101,571 $1.4M Add +36.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.23% 7,367 $1.4M Reduce -0.2%
IJS iShares S&P Small-Cap 600 Va 0.23% 13,651 $1.4M Add +0.4%
BXSL Blackstone Secured Lending F 0.23% 43,900 $1.4M Add +63.8%
BOTZ Global X Robotics & Artifici 0.23% 42,745 $1.4M Add +7.6%
F Ford Motor Co. filed as FORD MTR CO DEL 0.22% 100,000 $1.3M Reduce -1.0%
BIZD Vaneck BDC Income ETF 0.22% 77,800 $1.3M Add +64.8%
SLV iShares Silver Trust 0.21% 55,802 $1.3M Add +16.9%
GLD SPDR Gold Shares 0.20% 5,784 $1.2M Reduce -0.5%
VPL Vanguard Ftse Pacific ETF 0.18% 14,101 $1.1M Reduce -2.4%
EFA iShares MSCI Eafe ETF 0.18% 13,326 $1.1M Reduce -0.2%
SLYV SS SPDR S&P 600 SC Val ETF 0.17% 12,025 $998K Add +0.5%
STWD Starwood Property Trust Inc. 0.16% 46,880 $953K No change
ET Energy Transfer LP 0.16% 60,000 $944K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.15% 3,900 $935K No change
IWP iShares Russell Mid-Cap Grow 0.15% 8,000 $913K No change
SCZ iShares MSCI Eafe Small-Cap 0.15% 14,386 $911K Reduce -2.3%
OBDC Blue Owl Capital Corp. 0.14% 54,935 $845K Add +102.8%
EFV iShares MSCI Eafe Value ETF 0.14% 15,416 $839K Add +0.1%
IWO iShares Russell 2000 Growth 0.13% 3,000 $812K No change
CGBD Carlyle Secured Lending Inc. 0.13% 49,700 $809K Add +193.2%
AGG iShares Core U.S. Aggregate 0.13% 8,202 $803K No change
USFR Wisdomtree Floating Rate Tre 0.13% 15,585 $784K Reduce -14.4%
INDA iShares MSCI India ETF 0.11% 13,191 $681K Add +1.1%
VOO Vanguard S&P 500 ETF 0.11% 1,340 $644K Reduce -27.2%
SNY Sanofi-ADR 0.10% 12,800 $622K Reduce -26.2%
ARRY Array Technologies Inc. 0.10% 40,000 $596K No change
EEM iShares MSCI Emerging Market 0.09% 13,900 $571K No change
CVS CVS Health Corp. 0.09% 6,865 $548K No change
LLY Eli Lilly & Co. 0.08% 633 $492K Reduce -44.1%
VEA Vanguard Ftse Developed ETF 0.08% 9,659 $485K Reduce -50.9%
EPOL iShares MSCI Poland ETF 0.08% 20,000 $472K No change
IGE iShares North American Natur 0.08% 10,369 $467K Add +0.8%
DVY iShares Select Dividend ETF 0.07% 3,640 $448K Add +0.3%
GWX State Street SPDR S&P Intern 0.07% 13,619 $442K Add +1.3%
VNQ Vanguard Real Estate ETF 0.07% 5,051 $437K Add +1.2%
KRE SS SPDR S&P Regional Bank 0.07% 8,400 $422K No change
CODI Compass Diversified Holdings 0.07% 17,500 $421K No change
COST Costco Wholesale Corp. 0.07% 573 $420K Add +1.2%
XLE SS Energy Select Sector 0.07% 4,360 $412K Reduce -8.4%
TOST Toast Inc. Class A 0.06% 15,000 $374K New
WBD Warner Bros Discovery Inc. 0.06% 41,392 $361K Reduce -1.2%
PYPL PayPal Holdings Inc. 0.06% 5,209 $349K Add +21.0%
FXE Invesco Currencyshares Euro 0.05% 3,222 $321K No change
MELI MercadoLibre Inc. 0.05% 203 $307K Reduce -6.5%
GS Goldman Sachs Group Inc. 0.05% 724 $302K Add +1.0%
NFLX Netflix Inc. 0.05% 491 $298K Reduce -1.4%
ICLR Icon PLC 0.05% 878 $295K No change
WFC Wells Fargo & Co. 0.05% 4,948 $287K Reduce -51.5%
IYW iShares Ustechnology ETF 0.05% 2,035 $275K Reduce -17.5%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.05% 3,507 $273K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.04% 4,105 $269K Reduce -26.8%
VDE Vanguard Energy ETF 0.04% 1,890 $249K No change
SHY iShares 1-3 Year Treasury Bo 0.04% 3,000 $245K No change
CRM Salesforce Inc. 0.04% 801 $241K Reduce -2.3%
SHOP Shopify Inc. Class A 0.04% 3,077 $237K No change
IBB iShares Biotechnology ETF 0.04% 1,674 $230K New
IEV iShares Europe ETF 0.04% 4,083 $227K Reduce -10.5%
TGNA Tegna Inc. 0.04% 15,000 $224K New
HAS Hasbro Inc. 0.04% 3,950 $223K No change
MO Altria Group Inc. 0.04% 5,092 $222K No change
ALLY Ally Financial Inc. 0.04% 5,312 $216K New
TUA Sim St Treas Fut Strat ETF filed as SIMPLIFY EXCHANGE TRADED FUN 0.04% 9,700 $212K Reduce -11.0%
TSM Taiwan Semiconductor-SP ADR 0.03% 1,538 $209K New
CIBR First Trust Nasdaq Cybersecu 0.03% 3,578 $202K New
ASML ASML Holding NV-NY Reg SHS 0.03% 208 $201K New
IGF iShares Global Infrastructur 0.03% 4,200 $200K New
SAN Banco Santander SA-Spon ADR 0.02% 30,811 $149K No change
VOD Vodafone Group PLC-SP ADR 0.02% 10,900 $97K Reduce -41.9%
HLN Haleon PLC-ADR 0.01% 10,025 $85K No change
TELFY Telefonica SA-Spon ADR 0.01% 12,666 $56K No change

Portfolio Sells Q4 2023 → Q1 2024
AMZN Amazon.com Inc. Sold out 0.00% −8.10
AAPL Apple Inc. Sold out 0.00% −5.99
BAC Bank of America Corp. Sold out 0.00% −3.57
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −1.78
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −1.27
NVDA Nvidia Corp. Sold out 0.00% −0.77
AXP American Express Co. Sold out 0.00% −0.71
BA The Boeing Co. Sold out 0.00% −0.50
SHV iShares 0-1 Year Treasury Bo Reduce -27.4% 1.54% −0.33
TGT Target Corp. Sold out 0.00% −0.08
MYI BlackRock Muniyield QLTY III Sold out 0.00% −0.07
VEA Vanguard Ftse Developed ETF Reduce -50.9% 0.08% −0.06
AMD Advanced Micro Devices Sold out 0.00% −0.05
WOOF Petco Health and Wellness Co. Sold out 0.00% −0.05
NVS Novartis AG-Sponsored ADR Sold out 0.00% −0.04
EMB iShares JP Morgan Usd Emergi Sold out 0.00% −0.03
VZ Verizon Communications Inc. Sold out 0.00% −0.03
WFC Wells Fargo & Co. Reduce -51.5% 0.05% −0.03
SNY Sanofi-ADR Reduce -26.2% 0.10% −0.02
LLY Eli Lilly & Co. Reduce -44.1% 0.08% −0.02
VOO Vanguard S&P 500 ETF Reduce -27.2% 0.11% −0.01
WBD Warner Bros Discovery Inc. Reduce -1.2% 0.06% −0.01
VOD Vodafone Group PLC-SP ADR Reduce -41.9% 0.02% −0.01
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -26.8% 0.04% −0.01
USFR Wisdomtree Floating Rate Tre Reduce -14.4% 0.13% −0.00
TUA Sim St Treas Fut Strat ETF Reduce -11.0% 0.04% −0.00
MELI MercadoLibre Inc. Reduce -6.5% 0.05% +0.00
IYW iShares Ustechnology ETF Reduce -17.5% 0.05% +0.00
IEV iShares Europe ETF Reduce -10.5% 0.04% +0.00
CRM Salesforce Inc. Reduce -2.3% 0.04% +0.01
XLE SS Energy Select Sector Reduce -8.4% 0.07% +0.01
NFLX Netflix Inc. Reduce -1.4% 0.05% +0.01
SCZ iShares MSCI Eafe Small-Cap Reduce -2.3% 0.15% +0.02
VPL Vanguard Ftse Pacific ETF Reduce -2.4% 0.18% +0.03
GOOG Alphabet Inc. Class C Reduce -15.6% 0.85% +0.03
EFA iShares MSCI Eafe ETF Reduce -0.2% 0.18% +0.03
GLD SPDR Gold Shares Reduce -0.5% 0.20% +0.03
VXF Vanguard Extended Market ETF Reduce -3.2% 0.24% +0.03
F Ford Motor Co. Reduce -1.0% 0.22% +0.04
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -0.2% 0.23% +0.04
NAD Nuveen Quality Municipal Inc. Reduce -5.6% 0.64% +0.04
CSCO Cisco Systems Inc. Reduce -0.1% 0.41% +0.04
ESGU iShares ESG Aware MSCI USA Reduce -1.7% 0.27% +0.05
CPNG Coupang Inc. Reduce -0.4% 0.25% +0.05
CX Cemex Sab-Spons ADR Part Cer Reduce -0.1% 0.30% +0.07
T AT&T Inc. Reduce -0.7% 0.52% +0.08
IWD iShares Russell 1000 Value E Reduce -1.6% 0.46% +0.08
DIA SS SPDR Dow Jones Indus Avg Reduce -2.7% 0.59% +0.08
BUD Anheuser-Busch Inbev-SPN ADR Reduce -0.5% 2.07% +0.12
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.9% 0.65% +0.12

Portfolio Buys Q4 2023 → Q1 2024
DIS The Walt Disney Co. Add +13.0% 5.79% +2.45
TSLA Tesla Inc. New 2.28% +2.28
FDX FedEx Corp. Add +8.5% 4.83% +1.39
BABA Alibaba Group Holding-SP ADR Add +36.4% 2.27% +0.69
TV Grupo Televisa SA-Spon ADR Add +210.3% 0.94% +0.66
CVX Chevron Corp. Add +49.3% 1.42% +0.62
SMCI Super Micro Computer Inc. New 0.52% +0.52
PEP Pepsico Inc. Add +16.4% 1.91% +0.50
VWO Vanguard Ftse Emerging Marke Add +3.6% 3.01% +0.48
JPM JPMorgan Chase & Co. Add +0.0% 1.92% +0.48
PFE Pfizer Inc. Add +20.9% 1.88% +0.45
IJH iShares Core S&P Midcap ETF Add +4.4% 1.83% +0.42
XOM Exxon Mobil Corp. Add +8.4% 0.99% +0.30
IJR iShares Core S&P Small-Cap E Add +7.1% 1.48% +0.28
VGK Vanguard Ftse Europe ETF Add +0.9% 1.66% +0.27
VXUS Vanguard Total Intl Stock Add +15.8% 1.01% +0.27
FEZ State Street SPDR Euro Stoxx Add +1.2% 1.30% +0.27
PLTR Palantir Technologies Inc. Class A Add +15.7% 0.43% +0.18
PG The Procter & Gamble Co. Add +0.0% 0.87% +0.18
VEU Vanguard Ftse All-World Ex-U Add +9.7% 0.71% +0.16
JNJ Johnson & Johnson Add +0.5% 1.25% +0.16
GDX Vaneck Gold Miners ETF Add +73.2% 0.30% +0.15
VSS Vanguard Ftse All Wo X-US SC Add +21.5% 0.50% +0.14
C Citigroup Inc. Add +3.9% 0.42% +0.13
XBI SS SPDR S&P Biotech ETF Add +46.1% 0.29% +0.12
BXSL Blackstone Secured Lending F Add +63.8% 0.23% +0.12
BIZD Vaneck BDC Income ETF Add +64.8% 0.22% +0.11
CGBD Carlyle Secured Lending Inc. Add +193.2% 0.13% +0.10
OBDC Blue Owl Capital Corp. Add +102.8% 0.14% +0.08
ICLN iShares Global Clean Energy Add +36.3% 0.24% +0.07
QCOM Qualcomm Inc. Add +3.4% 0.24% +0.07
TOST Toast Inc. Class A New 0.06% +0.06
BOTZ Global X Robotics & Artifici Add +7.6% 0.23% +0.06
SLV iShares Silver Trust Add +16.9% 0.21% +0.06
DEM Wisdomtree Emerging Markets Add +0.9% 0.37% +0.06
IBB iShares Biotechnology ETF New 0.04% +0.04
TGNA Tegna Inc. New 0.04% +0.04
SBUX Starbucks Corp. Add +2.0% 0.40% +0.04
ALLY Ally Financial Inc. New 0.04% +0.04
TSM Taiwan Semiconductor-SP ADR New 0.03% +0.03
CIBR First Trust Nasdaq Cybersecu New 0.03% +0.03
ASML ASML Holding NV-NY Reg SHS New 0.03% +0.03
IGF iShares Global Infrastructur New 0.03% +0.03
IJS iShares S&P Small-Cap 600 Va Add +0.4% 0.23% +0.03
EFV iShares MSCI Eafe Value ETF Add +0.1% 0.14% +0.02
INDA iShares MSCI India ETF Add +1.1% 0.11% +0.02
SLYV SS SPDR S&P 600 SC Val ETF Add +0.5% 0.17% +0.02
PYPL PayPal Holdings Inc. Add +21.0% 0.06% +0.02
IGE iShares North American Natur Add +0.8% 0.08% +0.02
COST Costco Wholesale Corp. Add +1.2% 0.07% +0.01

Notes & Other Activity Q4 2023 → Q1 2024
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Sold out 1,290 $1.6Mbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 265$937.5MCAH, HEI, SPYD, UPS, EFA
Q1 2026Amended 257$1.5BGOOGL, DIS, SHV, CRWD, IWD
Q4 2025 173$842.0MTSLA, GOOGL, SPY, DIS, MSFT
Q3 2025 147$783.7MSPY, DIS, GOOGL, BABA, MSFT
Q2 2025 146$730.8MDIS, SPY, MSFT, ACWI, VWO
Q1 2025 122$498.1MDIS, VWO, BABA, ACWI, EWJ
Q4 2024 152$657.6MDIS, SPY, FDX, GOOGL, TSLA
Q3 2024 111$470.4MDIS, GOOGL, VWO, MSFT, EWJ
Q2 2024 201$620.5MSPY, DIS, FDX, GOOGL, MSFT
Q1 2024 146$603.6MDIS, FDX, SPY, MSFT, GOOGL