GFS Advisors, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 21, 2025), GFS Advisors, LLC reported 122 stock positions worth $498.1 million. Its top holding was Walt Disney (DIS) at 5.9% of the portfolio, followed by Vanguard Ftse Emerging Marke (VWO, 4.6%) and Alibaba Group Holding-SP ADR (BABA, 4.6%). Compared with Q4 2024, it opened 5 new positions, sold out of 35, added to 41 and reduced 32. The biggest buy was Alibaba Group Holding-SP ADR (BABA, shares +1%) and the biggest sale an exit from SS SPDR S&P 500 ETF Trust-US (SPY).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001427263
Portfolio Value
$498.1M (Q1 2025)
SEC Filing
0001427263-25-000004 ↗ filed Apr 21, 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 Q4 2024 Q1 2025: $498.1M $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 122 stocks · $498.1M
DIS The Walt Disney Co. filed as DISNEY WALT CO 5.90% 297,876 $29.4M Add +0.0%
VWO Vanguard Ftse Emerging Marke 4.64% 510,657 $23.1M Add +11.5%
BABA Alibaba Group Holding-SP ADR 4.57% 172,272 $22.8M Add +1.1%
ACWI iShares MSCI Acwi ETF 4.08% 174,435 $20.3M Add +22.6%
EWJ iShares MSCI Japan ETF 3.96% 287,617 $19.7M Add +11.3%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 3.30% 1,605,933 $16.4M Add +37.0%
SHV iShares 0-1 Year Treasury Bo 3.27% 147,584 $16.3M Add +2.1%
IJR iShares Core S&P Small-Cap E 3.12% 148,730 $15.6M Add +16.1%
VTI VG Morningstar TS MKT ETF-US 2.83% 51,201 $14.1M Reduce -1.8%
TSLA Tesla Inc. 2.76% 53,136 $13.8M Add +0.5%
IVV iShares Core S&P 500 ETF 2.58% 22,907 $12.9M Add +42.4%
PFE Pfizer Inc. 2.44% 480,082 $12.2M Reduce -0.8%
META Meta Platforms Inc. Class A 2.30% 19,911 $11.5M Reduce -2.5%
WMT Walmart Inc. 2.26% 128,199 $11.3M Add +0.2%
IJH iShares Core S&P Midcap ETF 2.25% 192,247 $11.2M Add +3.0%
PEP Pepsico Inc. 2.22% 73,870 $11.1M Add +1.3%
NKE Nike Inc. Class B 2.15% 168,693 $10.7M Reduce -1.9%
BXMT Blackstone Mortgage Tru Class A 2.05% 510,980 $10.2M Reduce -0.0%
MDY State Street SPDR S&P Midcap 1.93% 17,988 $9.6M Add +16.1%
VGK Vanguard Ftse Europe ETF 1.81% 128,701 $9.0M Reduce -42.6%
JNJ Johnson & Johnson 1.71% 51,339 $8.5M Reduce -1.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.70% 32,785 $8.5M Add +71.3%
AAXJ iShares MSCI All Country Asi 1.65% 111,380 $8.2M No change
IAU iShares Gold Trust 1.57% 132,680 $7.8M Reduce -14.6%
MRK Merck & Co. Inc. 1.48% 82,374 $7.4M Reduce -0.2%
VXUS Vanguard Total Intl Stock 1.46% 116,706 $7.2M Add +10.2%
INTC Intel Corp. 1.32% 290,035 $6.6M Add +8.8%
BUD Anheuser-Busch Inbev-SPN ADR 1.19% 96,615 $5.9M Reduce -54.4%
PG The Procter & Gamble Co. 1.12% 32,592 $5.6M Add +0.1%
XOM Exxon Mobil Corp. 1.06% 44,247 $5.3M Reduce -12.6%
VUG Vanguard Mrngstar GR ETF-Sui 1.03% 13,872 $5.1M No change
VEU Vanguard Ftse All-World Ex-U 0.98% 80,857 $4.9M Add +7.1%
VB Vanguard Most SM-Cap ETF-Usd 0.94% 21,025 $4.7M Add +70.1%
NVDA Nvidia Corp. 0.89% 40,896 $4.4M Add +91.3%
BBVA Banco Bilbao Vizcaya-SP ADR 0.88% 321,385 $4.4M No change
ADBE Adobe Inc. 0.87% 11,359 $4.4M Reduce -0.2%
NAD Nuveen Quality Municipal Inc. 0.82% 353,650 $4.1M Add +6.4%
PLTR Palantir Technologies Inc. Class A 0.77% 45,590 $3.8M Reduce -51.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.76% 21,815 $3.8M Reduce -6.4%
VSS Vanguard Ftse All Wo X-US SC 0.72% 30,873 $3.6M Add +13.5%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.71% 8,441 $3.5M Reduce -5.7%
XLE SS Energy Select Sector 0.59% 31,280 $2.9M Add +483.6%
JEPI JPMorgan Equity Premium Inco 0.54% 47,380 $2.7M New
XLF SS Financial Select Sector 0.54% 53,621 $2.7M Add +7.0%
IWD iShares Russell 1000 Value E 0.52% 13,864 $2.6M Reduce -9.9%
WM Waste Management Inc. 0.49% 10,450 $2.4M No change
GDX Vaneck Gold Miners ETF 0.47% 50,625 $2.3M Add +1.7%
KREF KKR Real Estate Finance Trus 0.46% 212,720 $2.3M Reduce -0.1%
DEM Wisdomtree Emerging Markets 0.45% 53,363 $2.2M No change
STWD Starwood Property Trust Inc. 0.42% 104,665 $2.1M Add +6.9%
C Citigroup Inc. 0.41% 29,115 $2.1M Reduce -8.8%
BXSL Blackstone Secured Lending F 0.39% 60,050 $1.9M No change
EPD Enterprise Products Partners 0.36% 52,500 $1.8M Add +5.0%
ESGU iShares ESG Aware MSCI USA 0.34% 13,995 $1.7M No change
IBIT iShares Bitcoin Trust ETF 0.32% 34,287 $1.6M Add +513.7%
CPNG Coupang Inc. 0.32% 71,535 $1.6M No change
SLV iShares Silver Trust 0.31% 49,992 $1.5M Add +0.7%
CSCO Cisco Systems Inc. 0.30% 23,892 $1.5M Reduce -51.0%
MUB iShares National Muni Bond E 0.29% 13,555 $1.4M New
VXF Vanguard Extended Market ETF 0.29% 8,297 $1.4M No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.27% 7,336 $1.4M No change
TM Toyota Motor Corp. -Spon ADR 0.27% 7,675 $1.4M No change
IJS iShares S&P Small-Cap 600 Va 0.27% 13,657 $1.3M No change
XBI SS SPDR S&P Biotech ETF 0.26% 16,094 $1.3M Reduce -9.1%
BIZD Vaneck BDC Income ETF 0.26% 77,800 $1.3M No change
ET Energy Transfer LP 0.26% 70,000 $1.3M Add +16.7%
OBDC Blue Owl Capital Corp. 0.25% 84,935 $1.2M No change
MMM 3M Co. 0.25% 8,400 $1.2M Reduce -16.0%
BOTZ Global X Robotics & Artifici 0.25% 42,961 $1.2M Add +2.3%
QCOM Qualcomm Inc. 0.24% 7,820 $1.2M No change
MTBA Simplify MBS ETF 0.24% 23,590 $1.2M Add +196.7%
PANW Palo Alto Networks Inc. 0.23% 6,752 $1.2M Add +0.1%
EFA iShares MSCI Eafe ETF 0.22% 13,245 $1.1M No change
SONO Sonos Inc. 0.21% 100,000 $1.1M No change
VPL Vanguard Ftse Pacific ETF 0.20% 14,038 $1.0M No change
F Ford Motor Co. filed as FORD MTR CO 0.20% 100,000 $1.0M No change
SLYV SS SPDR S&P 600 SC Val ETF 0.19% 12,030 $943K No change
IWP iShares Russell Mid-Cap Grow 0.19% 8,000 $940K No change
SCZ iShares MSCI Eafe Small-Cap 0.18% 14,352 $912K No change
COST Costco Wholesale Corp. 0.18% 941 $890K Add +51.8%
DXJ Wisdomtree Japan Hedged Eq 0.16% 7,175 $791K No change
USFR Wisdomtree Floating Rate Tre 0.16% 15,677 $789K No change
MELI MercadoLibre Inc. 0.14% 367 $716K Add +1.9%
UBER Uber Technologies Inc. 0.14% 9,450 $689K No change
VOO Vanguard S&P 500 ETF 0.14% 1,340 $689K No change
COIN Coinbase Global Inc. Class A 0.13% 3,700 $637K New
CVS CVS Health Corp. 0.12% 9,115 $618K No change
EEM iShares MSCI Emerging Market 0.12% 13,900 $607K No change
IYW iShares Ustechnology ETF 0.11% 4,035 $567K No change
EPOL iShares MSCI Poland ETF 0.11% 20,000 $560K No change
SNY Sanofi-ADR 0.11% 10,000 $555K Reduce -21.9%
NFLX Netflix Inc. 0.11% 578 $539K Add +0.3%
AGG iShares Core U.S. Aggregate 0.11% 5,402 $534K Reduce -12.9%
LLY Eli Lilly & Co. 0.11% 645 $533K No change
PINK Simplify Health Care ETF 0.11% 18,100 $531K Add +7.1%
DVY iShares Select Dividend ETF 0.11% 3,937 $529K Add +0.5%
KRE SS SPDR S&P Regional Bank 0.10% 8,475 $482K No change
IGE iShares North American Natur 0.09% 10,329 $470K No change
VNQ Vanguard Real Estate ETF 0.09% 5,060 $458K No change
MO Altria Group Inc. 0.09% 7,465 $448K Reduce -6.3%
WBD Warner Bros Discovery Inc. 0.09% 41,098 $441K No change
ARRY Array Technologies Inc. 0.08% 80,000 $390K No change
WFC Wells Fargo & Co. 0.07% 4,812 $345K Reduce -2.8%
INDA iShares MSCI India ETF 0.07% 6,574 $338K Reduce -29.2%
GS Goldman Sachs Group Inc. 0.07% 601 $328K Reduce -18.0%
CRM Salesforce Inc. 0.06% 1,169 $314K Reduce -0.3%
NEM Newmont Corp. 0.06% 5,857 $283K Reduce -5.5%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.06% 3,507 $277K No change
SHOP Shopify Inc. Class A 0.05% 2,779 $265K Reduce -9.7%
SHY iShares 1-3 Year Treasury Bo 0.05% 3,121 $258K No change
IBB iShares Biotechnology ETF 0.05% 1,959 $251K Reduce -13.3%
HAS Hasbro Inc. 0.05% 3,950 $243K No change
ALLY Ally Financial Inc. 0.05% 6,600 $241K No change
VDE Vanguard Energy ETF 0.05% 1,800 $233K No change
TSM Taiwan Semiconductor-SP ADR 0.05% 1,390 $231K Add +2.6%
IGF iShares Global Infrastructur 0.05% 4,200 $230K No change
IEV iShares Europe ETF 0.04% 3,763 $219K New
TUA Sim St Treas Fut Strat ETF filed as SIMPLIFY EXCHANGE TRADED FUN 0.04% 9,450 $208K No change
SAN Banco Santander SA-Spon ADR 0.04% 27,358 $183K Add +0.4%
CBRE GBL REAL ESTATE INC FD 0.03% 30,800 $159K New
PCT Purecycle Technologies Inc. 0.03% 18,100 $125K Reduce -9.9%
TELFY Telefonica SA-Spon ADR 0.01% 12,666 $59K No change

Portfolio Sells Q4 2024 → Q1 2025
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −4.59
FDX FedEx Corp. Sold out 0.00% −4.08
GOOGL Alphabet Inc. Class A Sold out 0.00% −3.85
MSFT Microsoft Corp. Sold out 0.00% −3.16
JPM JPMorgan Chase & Co. Sold out 0.00% −1.77
CVX Chevron Corp. Sold out 0.00% −1.38
UL Unilever PLC Sold out 0.00% −1.18
FEZ State Street SPDR Euro Stoxx Sold out 0.00% −1.07
GOOG Alphabet Inc. Class C Sold out 0.00% −1.06
RSP Invesco S&P 500 Equal Weight Sold out 0.00% −0.98
TV Grupo Televisa SA-Spon ADR Sold out 0.00% −0.55
KHC The Kraft Heinz Co. Sold out 0.00% −0.52
T AT&T Inc. Sold out 0.00% −0.52
BUD Anheuser-Busch Inbev-SPN ADR Reduce -54.4% 1.19% −0.42
VGK Vanguard Ftse Europe ETF Reduce -42.6% 1.81% −0.35
PLTR Palantir Technologies Inc. Class A Reduce -51.3% 0.77% −0.30
SHEL Shell PLC-ADR Sold out 0.00% −0.30
V Visa Inc. Class A Sold out 0.00% −0.24
GLD SPDR Gold Shares Sold out 0.00% −0.21
ICLN iShares Global Clean Energy Sold out 0.00% −0.18
SBUX Starbucks Corp. Sold out 0.00% −0.17
CX Cemex Sab-Spons ADR Part Cer Sold out 0.00% −0.14
CSCO Cisco Systems Inc. Reduce -51.0% 0.30% −0.14
CGBD Carlyle Secured Lending Inc. Sold out 0.00% −0.14
IWO iShares Russell 2000 Growth Sold out 0.00% −0.13
EFV iShares MSCI Eafe Value ETF Sold out 0.00% −0.12
GWX State Street SPDR S&P Intern Sold out 0.00% −0.06
CODI Compass Diversified Holdings Sold out 0.00% −0.06
AVGO Broadcom Inc. Sold out 0.00% −0.06
VEA Vanguard Ftse Developed ETF Sold out 0.00% −0.06
TOST Toast Inc. Class A Sold out 0.00% −0.06
FXE Invesco Currencyshares Euro Sold out 0.00% −0.05
XLG Invesco S&P 500 Top 50 ETF Sold out 0.00% −0.04
SAP Sap SE-Sponsored ADR Sold out 0.00% −0.04
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.04
PYPL PayPal Holdings Inc. Sold out 0.00% −0.04
FISV Fiserv Inc. Sold out 0.00% −0.03
HPQ HP Inc. Sold out 0.00% −0.03
HLN Haleon PLC-ADR Sold out 0.00% −0.01
INDA iShares MSCI India ETF Reduce -29.2% 0.07% −0.01
PCT Purecycle Technologies Inc. Reduce -9.9% 0.03% −0.01
GS Goldman Sachs Group Inc. Reduce -18.0% 0.07% +0.00
CRM Salesforce Inc. Reduce -0.3% 0.06% +0.00
SHOP Shopify Inc. Class A Reduce -9.7% 0.05% +0.00
IBB iShares Biotechnology ETF Reduce -13.3% 0.05% +0.00
AGG iShares Core U.S. Aggregate Reduce -12.9% 0.11% +0.02
WFC Wells Fargo & Co. Reduce -2.8% 0.07% +0.02
SNY Sanofi-ADR Reduce -21.9% 0.11% +0.02
XBI SS SPDR S&P Biotech ETF Reduce -9.1% 0.26% +0.02
NEM Newmont Corp. Reduce -5.5% 0.06% +0.02

Portfolio Buys Q4 2024 → Q1 2025
BABA Alibaba Group Holding-SP ADR Add +1.1% 4.57% +2.38
VWO Vanguard Ftse Emerging Marke Add +11.5% 4.64% +1.57
ACWI iShares MSCI Acwi ETF Add +22.6% 4.08% +1.54
NU Nu Holdings Ltd./Cayman Isl-A Add +37.0% 3.30% +1.45
EWJ iShares MSCI Japan ETF Add +11.3% 3.96% +1.32
IVV iShares Core S&P 500 ETF Add +42.4% 2.58% +1.14
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +71.3% 1.70% +0.93
IJR iShares Core S&P Small-Cap E Add +16.1% 3.12% +0.88
DIS The Walt Disney Co. Add +0.0% 5.90% +0.86
SHV iShares 0-1 Year Treasury Bo Add +2.1% 3.27% +0.85
MDY State Street SPDR S&P Midcap Add +16.1% 1.93% +0.59
JEPI JPMorgan Equity Premium Inco New 0.54% +0.54
PEP Pepsico Inc. Add +1.3% 2.22% +0.54
XLE SS Energy Select Sector Add +483.6% 0.59% +0.52
INTC Intel Corp. Add +8.8% 1.32% +0.51
VXUS Vanguard Total Intl Stock Add +10.2% 1.46% +0.51
WMT Walmart Inc. Add +0.2% 2.26% +0.50
VB Vanguard Most SM-Cap ETF-Usd Add +70.1% 0.94% +0.48
IJH iShares Core S&P Midcap ETF Add +3.0% 2.25% +0.48
NVDA Nvidia Corp. Add +91.3% 0.89% +0.45
VEU Vanguard Ftse All-World Ex-U Add +7.1% 0.98% +0.33
MUB iShares National Muni Bond E New 0.29% +0.29
PG The Procter & Gamble Co. Add +0.1% 1.12% +0.28
IBIT iShares Bitcoin Trust ETF Add +513.7% 0.32% +0.28
VSS Vanguard Ftse All Wo X-US SC Add +13.5% 0.72% +0.24
NAD Nuveen Quality Municipal Inc. Add +6.4% 0.82% +0.23
GDX Vaneck Gold Miners ETF Add +1.7% 0.47% +0.21
MTBA Simplify MBS ETF Add +196.7% 0.24% +0.18
XLF SS Financial Select Sector Add +7.0% 0.54% +0.17
STWD Starwood Property Trust Inc. Add +6.9% 0.42% +0.13
COIN Coinbase Global Inc. Class A New 0.13% +0.13
EPD Enterprise Products Partners Add +5.0% 0.36% +0.12
SLV iShares Silver Trust Add +0.7% 0.31% +0.11
COST Costco Wholesale Corp. Add +51.8% 0.18% +0.09
ET Energy Transfer LP Add +16.7% 0.26% +0.08
MELI MercadoLibre Inc. Add +1.9% 0.14% +0.05
PANW Palo Alto Networks Inc. Add +0.1% 0.23% +0.04
IEV iShares Europe ETF New 0.04% +0.04
BOTZ Global X Robotics & Artifici Add +2.3% 0.25% +0.04
CBRE GBL REAL ESTATE INC FD New 0.03% +0.03
PINK Simplify Health Care ETF Add +7.1% 0.11% +0.03
NFLX Netflix Inc. Add +0.3% 0.11% +0.03
DVY iShares Select Dividend ETF Add +0.5% 0.11% +0.03
SAN Banco Santander SA-Spon ADR Add +0.4% 0.04% +0.02
TSM Taiwan Semiconductor-SP ADR Add +2.6% 0.05% +0.01
TSLA Tesla Inc. Add +0.5% 2.76% −0.48

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