GFS Advisors, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 23, 2025), GFS Advisors, LLC reported 152 stock positions worth $657.6 million. Its top holding was Walt Disney (DIS) at 5.0% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 4.6%) and FedEx (FDX, 4.1%). Compared with Q3 2024, it opened 48 new positions, sold out of 7, added to 33 and reduced 36. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale Walt Disney (DIS, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0001427263
- Portfolio Value
- $657.6M (Q4 2024)
- SEC Filing
- 0001427263-25-000002 ↗ filed Jan 23, 2025
Holdings Value
Holdings 152 stocks · $657.6M
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 5.04% | 297,874 | $33.2M | Reduce -9.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.59% | 51,472 | $30.2M | New |
| FDX FedEx Corp. | 4.08% | 95,456 | $26.9M | New |
| GOOGL Alphabet Inc. Class A | 3.85% | 133,780 | $25.3M | Reduce -1.8% |
| TSLA Tesla Inc. | 3.25% | 52,894 | $21.4M | No change |
| MSFT Microsoft Corp. | 3.16% | 49,359 | $20.8M | Reduce -0.3% |
| VWO Vanguard Ftse Emerging Marke | 3.07% | 457,931 | $20.2M | Add +0.8% |
| EWJ iShares MSCI Japan ETF | 2.64% | 258,522 | $17.3M | Add +4.5% |
| ACWI iShares MSCI Acwi ETF | 2.54% | 142,225 | $16.7M | Add +8.3% |
| SHV iShares 0-1 Year Treasury Bo | 2.42% | 144,586 | $15.9M | Add +62.6% |
| VTI VG Morningstar TS MKT ETF-US | 2.30% | 52,112 | $15.1M | New |
| IJR iShares Core S&P Small-Cap E | 2.24% | 128,117 | $14.8M | Add +2.6% |
| BABA Alibaba Group Holding-SP ADR | 2.20% | 170,422 | $14.4M | New |
| VGK Vanguard Ftse Europe ETF | 2.16% | 224,126 | $14.2M | Add +17.1% |
| NKE Nike Inc. Class B | 1.98% | 171,931 | $13.0M | Add +5.9% |
| PFE Pfizer Inc. | 1.95% | 484,009 | $12.8M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.85% | 1,172,504 | $12.1M | Add +128.5% |
| META Meta Platforms Inc. Class A | 1.82% | 20,433 | $12.0M | Reduce -0.5% |
| IJH iShares Core S&P Midcap ETF | 1.77% | 186,726 | $11.6M | Reduce -1.3% |
| JPM JPMorgan Chase & Co. | 1.77% | 48,516 | $11.6M | Reduce -16.3% |
| WMT Walmart Inc. | 1.76% | 127,997 | $11.6M | No change |
| PEP Pepsico Inc. | 1.69% | 72,895 | $11.1M | Add +0.9% |
| BUD Anheuser-Busch Inbev-SPN ADR | 1.61% | 211,825 | $10.6M | Add +8.0% |
| IVV iShares Core S&P 500 ETF | 1.44% | 16,092 | $9.5M | Add +23.5% |
| CVX Chevron Corp. | 1.38% | 62,526 | $9.1M | Add +2.6% |
| BXMT Blackstone Mortgage Tru Class A | 1.35% | 511,180 | $8.9M | Add +11.5% |
| MDY State Street SPDR S&P Midcap | 1.34% | 15,488 | $8.8M | Reduce -4.1% |
| MRK Merck & Co. Inc. | 1.25% | 82,561 | $8.2M | Add +2.1% |
| AAXJ iShares MSCI All Country Asi | 1.22% | 111,380 | $8.0M | Reduce -11.4% |
| UL Unilever PLC | 1.18% | 136,782 | $7.8M | New |
| IAU iShares Gold Trust | 1.17% | 155,371 | $7.7M | Reduce -0.8% |
| JNJ Johnson & Johnson | 1.15% | 52,190 | $7.5M | Add +2.7% |
| PLTR Palantir Technologies Inc. Class A | 1.08% | 93,670 | $7.1M | Reduce -16.3% |
| FEZ State Street SPDR Euro Stoxx | 1.07% | 145,720 | $7.0M | Add +0.0% |
| GOOG Alphabet Inc. Class C | 1.06% | 36,739 | $7.0M | Add +3.3% |
| RSP Invesco S&P 500 Equal Weight | 0.98% | 36,676 | $6.4M | Add +3.1% |
| VXUS Vanguard Total Intl Stock | 0.95% | 105,942 | $6.2M | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.87% | 13,872 | $5.7M | New |
| PG The Procter & Gamble Co. | 0.83% | 32,571 | $5.5M | Add +0.1% |
| XOM Exxon Mobil Corp. | 0.83% | 50,595 | $5.4M | Reduce -0.2% |
| INTC Intel Corp. | 0.81% | 266,550 | $5.3M | Add +34.4% |
| ADBE Adobe Inc. | 0.77% | 11,380 | $5.1M | New |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.77% | 19,135 | $5.1M | New |
| VEU Vanguard Ftse All-World Ex-U | 0.66% | 75,514 | $4.3M | Add +0.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.60% | 23,315 | $3.9M | New |
| NAD Nuveen Quality Municipal Inc. | 0.59% | 332,450 | $3.9M | New |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.58% | 8,948 | $3.8M | Reduce -4.0% |
| TV Grupo Televisa SA-Spon ADR | 0.55% | 2,142,590 | $3.6M | New |
| KHC The Kraft Heinz Co. | 0.52% | 111,075 | $3.4M | New |
| T AT&T Inc. | 0.52% | 149,270 | $3.4M | Reduce -10.4% |
| BBVA Banco Bilbao Vizcaya-SP ADR | 0.47% | 321,385 | $3.1M | No change |
| VSS Vanguard Ftse All Wo X-US SC | 0.47% | 27,191 | $3.1M | Add +0.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.45% | 12,360 | $3.0M | New |
| CSCO Cisco Systems Inc. | 0.44% | 48,709 | $2.9M | New |
| NVDA Nvidia Corp. | 0.44% | 21,379 | $2.9M | New |
| IWD iShares Russell 1000 Value E | 0.43% | 15,391 | $2.8M | Reduce -0.2% |
| XLF SS Financial Select Sector | 0.37% | 50,105 | $2.4M | New |
| C Citigroup Inc. | 0.34% | 31,940 | $2.2M | New |
| DEM Wisdomtree Emerging Markets | 0.33% | 53,363 | $2.2M | New |
| KREF KKR Real Estate Finance Trus | 0.33% | 212,940 | $2.2M | Reduce -26.8% |
| WM Waste Management Inc. | 0.32% | 10,450 | $2.1M | No change |
| SHEL Shell PLC-ADR | 0.30% | 31,876 | $2.0M | Reduce -0.7% |
| BXSL Blackstone Secured Lending F | 0.29% | 60,050 | $1.9M | No change |
| STWD Starwood Property Trust Inc. | 0.28% | 97,905 | $1.9M | Add +81.4% |
| ESGU iShares ESG Aware MSCI USA | 0.27% | 13,995 | $1.8M | No change |
| GDX Vaneck Gold Miners ETF | 0.26% | 49,795 | $1.7M | Reduce -5.0% |
| V Visa Inc. Class A | 0.24% | 5,094 | $1.6M | No change |
| XBI SS SPDR S&P Biotech ETF | 0.24% | 17,706 | $1.6M | Reduce -6.6% |
| VXF Vanguard Extended Market ETF | 0.24% | 8,297 | $1.6M | New |
| CPNG Coupang Inc. | 0.24% | 71,535 | $1.6M | Reduce -15.3% |
| EPD Enterprise Products Partners | 0.24% | 50,000 | $1.6M | No change |
| SONO Sonos Inc. | 0.23% | 100,000 | $1.5M | No change |
| TM Toyota Motor Corp. -Spon ADR | 0.23% | 7,675 | $1.5M | No change |
| IJS iShares S&P Small-Cap 600 Va | 0.23% | 13,657 | $1.5M | Reduce -0.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.22% | 7,336 | $1.5M | New |
| GLD SPDR Gold Shares | 0.21% | 5,826 | $1.4M | Add +0.5% |
| BOTZ Global X Robotics & Artifici | 0.20% | 41,978 | $1.3M | Reduce -4.8% |
| SLV iShares Silver Trust | 0.20% | 49,625 | $1.3M | Reduce -6.2% |
| BIZD Vaneck BDC Income ETF | 0.20% | 77,800 | $1.3M | No change |
| MMM 3M Co. | 0.20% | 10,000 | $1.3M | New |
| OBDC Blue Owl Capital Corp. | 0.20% | 84,935 | $1.3M | No change |
| PANW Palo Alto Networks Inc. | 0.19% | 6,742 | $1.2M | Reduce -0.9% |
| QCOM Qualcomm Inc. | 0.18% | 7,820 | $1.2M | Add +1.7% |
| ET Energy Transfer LP | 0.18% | 60,000 | $1.2M | No change |
| ICLN iShares Global Clean Energy | 0.18% | 102,136 | $1.2M | Reduce -5.7% |
| SBUX Starbucks Corp. | 0.17% | 12,255 | $1.1M | No change |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.16% | 12,030 | $1.1M | Reduce -0.3% |
| IWP iShares Russell Mid-Cap Grow | 0.15% | 8,000 | $1.0M | No change |
| EFA iShares MSCI Eafe ETF | 0.15% | 13,245 | $1.0M | Reduce -0.3% |
| VPL Vanguard Ftse Pacific ETF | 0.15% | 14,038 | $997K | Reduce -0.3% |
| F Ford Motor Co. filed as FORD MTR CO | 0.15% | 100,000 | $990K | No change |
| CX Cemex Sab-Spons ADR Part Cer | 0.14% | 166,427 | $939K | No change |
| CGBD Carlyle Secured Lending Inc. | 0.14% | 49,700 | $891K | New |
| SCZ iShares MSCI Eafe Small-Cap | 0.13% | 14,352 | $872K | Reduce -0.3% |
| IWO iShares Russell 2000 Growth | 0.13% | 3,000 | $863K | No change |
| EFV iShares MSCI Eafe Value ETF | 0.12% | 15,336 | $805K | Reduce -0.3% |
| DXJ Wisdomtree Japan Hedged Eq | 0.12% | 7,175 | $791K | No change |
| USFR Wisdomtree Floating Rate Tre | 0.12% | 15,677 | $789K | Reduce -9.2% |
| VOO Vanguard S&P 500 ETF | 0.11% | 1,340 | $722K | New |
| IYW iShares Ustechnology ETF | 0.10% | 4,035 | $644K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| DIS The Walt Disney Co. | Reduce -9.1% | 5.04% | −1.65 |
| MSFT Microsoft Corp. | Reduce -0.3% | 3.16% | −1.37 |
| GOOGL Alphabet Inc. Class A | Reduce -1.8% | 3.85% | −0.95 |
| AAXJ iShares MSCI All Country Asi | Reduce -11.4% | 1.22% | −0.87 |
| JPM JPMorgan Chase & Co. | Reduce -16.3% | 1.77% | −0.83 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.3% | 1.77% | −0.74 |
| META Meta Platforms Inc. Class A | Reduce -0.5% | 1.82% | −0.68 |
| MDY State Street SPDR S&P Midcap | Reduce -4.1% | 1.34% | −0.61 |
| IAU iShares Gold Trust | Reduce -0.8% | 1.17% | −0.48 |
| KREF KKR Real Estate Finance Trus | Reduce -26.8% | 0.33% | −0.44 |
| XOM Exxon Mobil Corp. | Reduce -0.2% | 0.83% | −0.44 |
| T AT&T Inc. | Reduce -10.4% | 0.52% | −0.26 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -4.0% | 0.58% | −0.26 |
| CPNG Coupang Inc. | Reduce -15.3% | 0.24% | −0.20 |
| IWD iShares Russell 1000 Value E | Reduce -0.2% | 0.43% | −0.19 |
| GDX Vaneck Gold Miners ETF | Reduce -5.0% | 0.26% | −0.19 |
| ICLN iShares Global Clean Energy | Reduce -5.7% | 0.18% | −0.16 |
| XBI SS SPDR S&P Biotech ETF | Reduce -6.6% | 0.24% | −0.16 |
| SHEL Shell PLC-ADR | Reduce -0.7% | 0.30% | −0.15 |
| SLV iShares Silver Trust | Reduce -6.2% | 0.20% | −0.12 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.10 |
| BOTZ Global X Robotics & Artifici | Reduce -4.8% | 0.20% | −0.10 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.09 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -0.3% | 0.23% | −0.09 |
| EFA iShares MSCI Eafe ETF | Reduce -0.3% | 0.15% | −0.08 |
| VPL Vanguard Ftse Pacific ETF | Reduce -0.3% | 0.15% | −0.08 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -0.3% | 0.13% | −0.07 |
| EFV iShares MSCI Eafe Value ETF | Reduce -0.3% | 0.12% | −0.07 |
| USFR Wisdomtree Floating Rate Tre | Reduce -9.2% | 0.12% | −0.06 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -0.3% | 0.16% | −0.06 |
| PANW Palo Alto Networks Inc. | Reduce -0.9% | 0.19% | −0.06 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.06 |
| ICLR Icon PLC | Sold out | 0.00% | −0.05 |
| PYPL PayPal Holdings Inc. | Reduce -46.3% | 0.04% | −0.05 |
| VNQI Vanguard GLBL Ex-US Real Est | Sold out | 0.00% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -0.3% | 0.08% | −0.05 |
| IEV iShares Europe ETF | Sold out | 0.00% | −0.05 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -6.8% | 0.09% | −0.04 |
| IGE iShares North American Natur | Reduce -0.4% | 0.07% | −0.03 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -16.2% | 0.04% | −0.02 |
| NFLX Netflix Inc. | Reduce -8.1% | 0.08% | −0.02 |
| PLTR Palantir Technologies Inc. Class A | Reduce -16.3% | 1.08% | +0.19 |
Portfolio Buys Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | New | 4.59% | +4.59 |
| FDX FedEx Corp. | New | 4.08% | +4.08 |
| VTI VG Morningstar TS MKT ETF-US | New | 2.30% | +2.30 |
| BABA Alibaba Group Holding-SP ADR | New | 2.20% | +2.20 |
| PFE Pfizer Inc. | New | 1.95% | +1.95 |
| UL Unilever PLC | New | 1.18% | +1.18 |
| VXUS Vanguard Total Intl Stock | New | 0.95% | +0.95 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.87% | +0.87 |
| ADBE Adobe Inc. | New | 0.77% | +0.77 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.77% | +0.77 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.60% | +0.60 |
| NAD Nuveen Quality Municipal Inc. | New | 0.59% | +0.59 |
| TV Grupo Televisa SA-Spon ADR | New | 0.55% | +0.55 |
| KHC The Kraft Heinz Co. | New | 0.52% | +0.52 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.45% | +0.45 |
| CSCO Cisco Systems Inc. | New | 0.44% | +0.44 |
| NVDA Nvidia Corp. | New | 0.44% | +0.44 |
| XLF SS Financial Select Sector | New | 0.37% | +0.37 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +128.5% | 1.85% | +0.36 |
| C Citigroup Inc. | New | 0.34% | +0.34 |
| SHV iShares 0-1 Year Treasury Bo | Add +62.6% | 2.42% | +0.33 |
| DEM Wisdomtree Emerging Markets | New | 0.33% | +0.33 |
| VXF Vanguard Extended Market ETF | New | 0.24% | +0.24 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 0.22% | +0.22 |
| MMM 3M Co. | New | 0.20% | +0.20 |
| CGBD Carlyle Secured Lending Inc. | New | 0.14% | +0.14 |
| VOO Vanguard S&P 500 ETF | New | 0.11% | +0.11 |
| MELI MercadoLibre Inc. | New | 0.09% | +0.09 |
| UBER Uber Technologies Inc. | New | 0.09% | +0.09 |
| PINK Simplify Health Care ETF | New | 0.08% | +0.08 |
| INDA iShares MSCI India ETF | New | 0.07% | +0.07 |
| XLE SS Energy Select Sector | New | 0.07% | +0.07 |
| VNQ Vanguard Real Estate ETF | New | 0.07% | +0.07 |
| GWX State Street SPDR S&P Intern | New | 0.06% | +0.06 |
| GS Goldman Sachs Group Inc. | New | 0.06% | +0.06 |
| EPOL iShares MSCI Poland ETF | New | 0.06% | +0.06 |
| MTBA Simplify MBS ETF | New | 0.06% | +0.06 |
| CRM Salesforce Inc. | New | 0.06% | +0.06 |
| SHOP Shopify Inc. Class A | New | 0.05% | +0.05 |
| STWD Starwood Property Trust Inc. | Add +81.4% | 0.28% | +0.05 |
| IBIT iShares Bitcoin Trust ETF | New | 0.04% | +0.04 |
| XLG Invesco S&P 500 Top 50 ETF | New | 0.04% | +0.04 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.04% | +0.04 |
| ALLY Ally Financial Inc. | New | 0.04% | +0.04 |
| FISV Fiserv Inc. | New | 0.03% | +0.03 |
| HPQ HP Inc. | New | 0.03% | +0.03 |
| VDE Vanguard Energy ETF | New | 0.03% | +0.03 |
| PCT Purecycle Technologies Inc. | New | 0.03% | +0.03 |
| TUA Sim St Treas Fut Strat ETF | New | 0.03% | +0.03 |
| SAN Banco Santander SA-Spon ADR | New | 0.02% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 265 | $937.5M | CAH, HEI, SPYD, UPS, EFA |
| Q1 2026Amended | 257 | $1.5B | GOOGL, DIS, SHV, CRWD, IWD |
| Q4 2025 | 173 | $842.0M | TSLA, GOOGL, SPY, DIS, MSFT |
| Q3 2025 | 147 | $783.7M | SPY, DIS, GOOGL, BABA, MSFT |
| Q2 2025 | 146 | $730.8M | DIS, SPY, MSFT, ACWI, VWO |
| Q1 2025 | 122 | $498.1M | DIS, VWO, BABA, ACWI, EWJ |
| Q4 2024 | 152 | $657.6M | DIS, SPY, FDX, GOOGL, TSLA |
| Q3 2024 | 111 | $470.4M | DIS, GOOGL, VWO, MSFT, EWJ |
| Q2 2024 | 201 | $620.5M | SPY, DIS, FDX, GOOGL, MSFT |
| Q1 2024 | 146 | $603.6M | DIS, FDX, SPY, MSFT, GOOGL |