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

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $603.6M Q1 2024 Q2 2024: $620.5M Q2 2024 Q3 2024: $470.4M Q3 2024 Q4 2024: $657.6M $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 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
SNY Sanofi-ADR 0.09% 12,800 $617K No change
MELI MercadoLibre Inc. 0.09% 360 $612K New
AGG iShares Core U.S. Aggregate 0.09% 6,202 $601K No change
EEM iShares MSCI Emerging Market 0.09% 13,900 $581K No change
UBER Uber Technologies Inc. 0.09% 9,450 $570K New
COST Costco Wholesale Corp. 0.09% 620 $569K Reduce -6.8%
DVY iShares Select Dividend ETF 0.08% 3,917 $514K Add +3.9%
NFLX Netflix Inc. 0.08% 576 $513K Reduce -8.1%
KRE SS SPDR S&P Regional Bank 0.08% 8,475 $511K Add +0.9%
PINK Simplify Health Care ETF 0.08% 16,900 $501K New
LLY Eli Lilly & Co. 0.08% 645 $498K Reduce -0.3%
INDA iShares MSCI India ETF 0.07% 9,286 $489K New
ARRY Array Technologies Inc. 0.07% 80,000 $483K No change
XLE SS Energy Select Sector 0.07% 5,360 $459K New
VNQ Vanguard Real Estate ETF 0.07% 5,060 $451K New
IGE iShares North American Natur 0.07% 10,329 $441K Reduce -0.4%
WBD Warner Bros Discovery Inc. 0.07% 41,098 $434K Add +0.0%
GWX State Street SPDR S&P Intern 0.06% 13,578 $421K New
GS Goldman Sachs Group Inc. 0.06% 733 $420K New
EPOL iShares MSCI Poland ETF 0.06% 20,000 $417K New
MO Altria Group Inc. 0.06% 7,965 $416K Add +12.3%
CVS CVS Health Corp. 0.06% 9,115 $409K No change
CODI Compass Diversified Holdings 0.06% 17,500 $404K No change
MTBA Simplify MBS ETF 0.06% 7,950 $395K New
CRM Salesforce Inc. 0.06% 1,173 $392K New
AVGO Broadcom Inc. 0.06% 1,684 $390K Add +6.5%
VEA Vanguard Ftse Developed ETF 0.06% 8,159 $390K No change
TOST Toast Inc. Class A 0.06% 10,000 $365K No change
WFC Wells Fargo & Co. 0.05% 4,948 $348K No change
SHOP Shopify Inc. Class A 0.05% 3,077 $327K New
FXE Invesco Currencyshares Euro 0.05% 3,222 $308K No change
IBB iShares Biotechnology ETF 0.05% 2,259 $299K Add +35.0%
IBIT iShares Bitcoin Trust ETF 0.04% 5,587 $296K New
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.04% 3,507 $276K No change
TSM Taiwan Semiconductor-SP ADR 0.04% 1,355 $268K Reduce -16.2%
SHY iShares 1-3 Year Treasury Bo 0.04% 3,121 $256K Add +4.0%
XLG Invesco S&P 500 Top 50 ETF 0.04% 5,000 $250K New
SAP Sap SE-Sponsored ADR 0.04% 979 $241K No change
NVO Novo-Nordisk A/S-Spons ADR 0.04% 2,786 $240K New
ALLY Ally Financial Inc. 0.04% 6,600 $238K New
PYPL PayPal Holdings Inc. 0.04% 2,790 $238K Reduce -46.3%
NEM Newmont Corp. 0.04% 6,200 $231K Add +63.2%
FISV Fiserv Inc. 0.03% 1,078 $221K New
HPQ HP Inc. 0.03% 6,781 $221K New
HAS Hasbro Inc. 0.03% 3,950 $221K No change
IGF iShares Global Infrastructur 0.03% 4,200 $220K No change
VDE Vanguard Energy ETF 0.03% 1,800 $218K New
PCT Purecycle Technologies Inc. 0.03% 20,100 $206K New
TUA Sim St Treas Fut Strat ETF filed as SIMPLIFY EXCHANGE TRADED FUN 0.03% 9,450 $201K New
SAN Banco Santander SA-Spon ADR 0.02% 27,256 $124K New
HLN Haleon PLC-ADR 0.01% 10,025 $96K New
TELFY Telefonica SA-Spon ADR 0.01% 12,666 $51K 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

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