GFS Advisors, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 25, 2025), GFS Advisors, LLC reported 146 stock positions worth $730.8 million. Its top holding was Walt Disney (DIS) at 4.6% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 4.5%) and Microsoft (MSFT, 4.1%). Compared with Q1 2025, it opened 28 new positions, sold out of 4, added to 29 and reduced 53. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale Alibaba Group Holding-SP ADR (BABA, shares −0%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001427263
Portfolio Value
$730.8M (Q2 2025)
SEC Filing
0001427263-25-000008 ↗ filed Jul 25, 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 Q1 2025 Q2 2025: $730.8M $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 · $730.8M
DIS The Walt Disney Co. filed as DISNEY WALT CO 4.65% 273,791 $34.0M Reduce -8.1%
SPY SS SPDR S&P 500 ETF Trust-US 4.46% 52,792 $32.6M New
MSFT Microsoft Corp. 4.08% 59,931 $29.8M New
ACWI iShares MSCI Acwi ETF 3.56% 202,200 $26.0M Add +15.9%
VWO Vanguard Ftse Emerging Marke 3.41% 503,370 $24.9M Reduce -1.4%
GOOGL Alphabet Inc. Class A 3.37% 139,739 $24.6M New
FDX FedEx Corp. 3.08% 98,903 $22.5M New
EWJ iShares MSCI Japan ETF 2.94% 286,317 $21.5M Reduce -0.5%
TSLA Tesla Inc. 2.85% 65,564 $20.8M Add +23.4%
BABA Alibaba Group Holding-SP ADR 2.67% 171,897 $19.5M Reduce -0.2%
RSP Invesco S&P 500 Equal Weight 2.29% 92,278 $16.8M New
SHV iShares 0-1 Year Treasury Bo 2.25% 149,048 $16.5M Add +1.0%
IJR iShares Core S&P Small-Cap E 2.24% 149,555 $16.3M Add +0.6%
VTI VG Morningstar TS MKT ETF-US 2.08% 49,950 $15.2M Reduce -2.4%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 2.04% 1,088,655 $14.9M Reduce -32.2%
IVV iShares Core S&P 500 ETF 1.91% 22,492 $14.0M Reduce -1.8%
JPM JPMorgan Chase & Co. 1.73% 43,535 $12.6M New
WMT Walmart Inc. 1.72% 128,204 $12.5M Add +0.0%
IJH iShares Core S&P Midcap ETF 1.62% 190,532 $11.8M Reduce -0.9%
NKE Nike Inc. Class B 1.61% 166,088 $11.8M Reduce -1.5%
PFE Pfizer Inc. 1.58% 475,277 $11.5M Reduce -1.0%
PEP Pepsico Inc. 1.57% 86,975 $11.5M Add +17.7%
NVDA Nvidia Corp. 1.51% 69,821 $11.0M Add +70.7%
MRK Merck & Co. Inc. 1.43% 131,814 $10.4M Add +60.0%
VGK Vanguard Ftse Europe ETF 1.36% 128,701 $10.0M No change
BXMT Blackstone Mortgage Tru Class A 1.34% 509,755 $9.8M Reduce -0.2%
CVX Chevron Corp. 1.30% 66,161 $9.5M New
FEZ State Street SPDR Euro Stoxx 1.27% 155,891 $9.3M New
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.26% 32,945 $9.2M Add +0.5%
AAXJ iShares MSCI All Country Asi 1.23% 109,145 $9.0M Reduce -2.0%
MDY State Street SPDR S&P Midcap 1.23% 15,838 $9.0M Reduce -11.9%
META Meta Platforms Inc. Class A 1.18% 11,703 $8.6M Reduce -41.2%
UL Unilever PLC 1.13% 134,665 $8.2M New
IAU iShares Gold Trust 1.12% 131,680 $8.2M Reduce -0.8%
JNJ Johnson & Johnson 1.11% 53,338 $8.1M Add +3.9%
VXUS Vanguard Total Intl Stock 1.10% 116,706 $8.1M No change
GOOG Alphabet Inc. Class C 0.92% 38,019 $6.7M New
INTC Intel Corp. 0.89% 290,960 $6.5M Add +0.3%
VUG Vanguard Mrngstar GR ETF-Sui 0.79% 13,173 $5.8M Reduce -5.0%
ADBE Adobe Inc. 0.73% 13,764 $5.3M Add +21.2%
VEU Vanguard Ftse All-World Ex-U 0.73% 78,835 $5.3M Reduce -2.5%
PG The Procter & Gamble Co. 0.71% 32,614 $5.2M Add +0.1%
VB Vanguard Most SM-Cap ETF-Usd 0.69% 21,175 $5.0M Add +0.7%
BBVA Banco Bilbao Vizcaya-SP ADR 0.68% 321,385 $4.9M No change
MUB iShares National Muni Bond E 0.67% 46,700 $4.9M Add +244.5%
XOM Exxon Mobil Corp. 0.65% 44,247 $4.8M No change
NAD Nuveen Quality Municipal Inc. 0.65% 419,920 $4.7M Add +18.7%
TV Grupo Televisa SA-Spon ADR 0.64% 2,142,590 $4.7M New
UNH Unitedhealth Group Inc. 0.62% 14,500 $4.5M New
VSS Vanguard Ftse All Wo X-US SC 0.57% 30,873 $4.1M No change
PLTR Palantir Technologies Inc. Class A 0.55% 29,555 $4.0M Reduce -35.2%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.51% 8,401 $3.7M Reduce -0.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.50% 20,585 $3.6M Reduce -5.6%
KHC The Kraft Heinz Co. 0.48% 137,125 $3.5M New
XLF SS Financial Select Sector 0.38% 52,843 $2.8M Reduce -1.4%
XLE SS Energy Select Sector 0.36% 31,280 $2.7M No change
JEPI JPMorgan Equity Premium Inco 0.36% 46,630 $2.7M Reduce -1.6%
IWD iShares Russell 1000 Value E 0.34% 12,909 $2.5M Reduce -6.9%
WM Waste Management Inc. 0.33% 10,450 $2.4M No change
C Citigroup Inc. 0.33% 27,945 $2.4M Reduce -4.0%
SHEL Shell PLC-ADR 0.31% 32,177 $2.3M New
GLD SPDR Gold Shares 0.30% 7,135 $2.2M New
DEM Wisdomtree Emerging Markets 0.30% 47,955 $2.2M Reduce -10.1%
BXSL Blackstone Secured Lending F 0.29% 69,700 $2.1M Add +16.1%
CPNG Coupang Inc. 0.29% 70,485 $2.1M Reduce -1.5%
IBIT iShares Bitcoin Trust ETF 0.29% 34,339 $2.1M Add +0.1%
STWD Starwood Property Trust Inc. 0.27% 97,815 $2.0M Reduce -6.5%
GDX Vaneck Gold Miners ETF 0.26% 36,625 $1.9M Reduce -27.6%
ESGU iShares ESG Aware MSCI USA 0.26% 13,995 $1.9M No change
KREF KKR Real Estate Finance Trus 0.26% 212,720 $1.9M No change
V Visa Inc. Class A 0.25% 5,094 $1.8M New
CSCO Cisco Systems Inc. 0.23% 23,922 $1.7M Add +0.1%
SLV iShares Silver Trust 0.22% 49,992 $1.6M No change
EPD Enterprise Products Partners 0.22% 52,500 $1.6M No change
VXF Vanguard Extended Market ETF 0.20% 7,693 $1.5M Reduce -7.3%
OBDC Blue Owl Capital Corp. 0.19% 98,785 $1.4M Add +16.3%
BOTZ Global X Robotics & Artifici 0.19% 42,961 $1.4M No change
BUD Anheuser-Busch Inbev-SPN ADR 0.19% 20,305 $1.4M Reduce -79.0%
PANW Palo Alto Networks Inc. 0.19% 6,752 $1.4M No change
XBI SS SPDR S&P Biotech ETF 0.18% 16,094 $1.3M No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.18% 6,829 $1.3M Reduce -6.9%
TM Toyota Motor Corp. -Spon ADR 0.18% 7,675 $1.3M No change
IJS iShares S&P Small-Cap 600 Va 0.17% 12,773 $1.3M Reduce -6.5%
ET Energy Transfer LP 0.17% 70,000 $1.3M No change
BIZD Vaneck BDC Income ETF 0.17% 77,800 $1.3M No change
MMM 3M Co. 0.17% 8,300 $1.3M Reduce -1.2%
QCOM Qualcomm Inc. 0.17% 7,830 $1.2M Add +0.1%
CX Cemex Sab-Spons ADR Part Cer 0.16% 166,427 $1.2M New
SBUX Starbucks Corp. 0.15% 12,255 $1.1M New
IWP iShares Russell Mid-Cap Grow 0.15% 8,000 $1.1M No change
EFA iShares MSCI Eafe ETF 0.15% 12,310 $1.1M Reduce -7.1%
F Ford Motor Co. filed as FORD MTR CO 0.15% 100,000 $1.1M No change
SONO Sonos Inc. 0.15% 100,000 $1.1M No change
VPL Vanguard Ftse Pacific ETF 0.14% 12,780 $1.1M Reduce -9.0%
SCZ iShares MSCI Eafe Small-Cap 0.13% 13,272 $965K Reduce -7.5%
SLYV SS SPDR S&P 600 SC Val ETF 0.12% 11,209 $894K Reduce -6.8%
EFV iShares MSCI Eafe Value ETF 0.12% 13,991 $888K New
UBER Uber Technologies Inc. 0.12% 9,070 $846K Reduce -4.0%
COST Costco Wholesale Corp. 0.11% 846 $837K Reduce -10.1%
DXJ Wisdomtree Japan Hedged Eq 0.11% 7,175 $820K No change

Show all 146 holdings

Portfolio Sells Q1 2025 → Q2 2025
BABA Alibaba Group Holding-SP ADR Reduce -0.2% 2.67% −1.91
NU Nu Holdings Ltd./Cayman Isl-A Reduce -32.2% 2.04% −1.26
DIS The Walt Disney Co. Reduce -8.1% 4.65% −1.26
VWO Vanguard Ftse Emerging Marke Reduce -1.4% 3.41% −1.23
META Meta Platforms Inc. Class A Reduce -41.2% 1.18% −1.12
EWJ iShares MSCI Japan ETF Reduce -0.5% 2.94% −1.02
BUD Anheuser-Busch Inbev-SPN ADR Reduce -79.0% 0.19% −1.00
PFE Pfizer Inc. Reduce -1.0% 1.58% −0.87
VTI VG Morningstar TS MKT ETF-US Reduce -2.4% 2.08% −0.75
BXMT Blackstone Mortgage Tru Class A Reduce -0.2% 1.34% −0.71
MDY State Street SPDR S&P Midcap Reduce -11.9% 1.23% −0.70
IVV iShares Core S&P 500 ETF Reduce -1.8% 1.91% −0.67
IJH iShares Core S&P Midcap ETF Reduce -0.9% 1.62% −0.64
NKE Nike Inc. Class B Reduce -1.5% 1.61% −0.54
IAU iShares Gold Trust Reduce -0.8% 1.12% −0.45
AAXJ iShares MSCI All Country Asi Reduce -2.0% 1.23% −0.42
VEU Vanguard Ftse All-World Ex-U Reduce -2.5% 0.73% −0.26
VTV Vanguard Mrngstr Val ETF-Aui Reduce -5.6% 0.50% −0.26
VUG Vanguard Mrngstar GR ETF-Sui Reduce -5.0% 0.79% −0.24
PLTR Palantir Technologies Inc. Class A Reduce -35.2% 0.55% −0.22
GDX Vaneck Gold Miners ETF Reduce -27.6% 0.26% −0.21
DIA SS SPDR Dow Jones Indus Avg Reduce -0.5% 0.51% −0.20
MTBA Simplify MBS ETF Reduce -78.0% 0.04% −0.20
IWD iShares Russell 1000 Value E Reduce -6.9% 0.34% −0.18
JEPI JPMorgan Equity Premium Inco Reduce -1.6% 0.36% −0.18
XLF SS Financial Select Sector Reduce -1.4% 0.38% −0.16
DEM Wisdomtree Emerging Markets Reduce -10.1% 0.30% −0.15
STWD Starwood Property Trust Inc. Reduce -6.5% 0.27% −0.15
IJS iShares S&P Small-Cap 600 Va Reduce -6.5% 0.17% −0.09
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -6.9% 0.18% −0.09
CVS CVS Health Corp. Reduce -60.5% 0.03% −0.09
C Citigroup Inc. Reduce -4.0% 0.33% −0.09
VXF Vanguard Extended Market ETF Reduce -7.3% 0.20% −0.08
MMM 3M Co. Reduce -1.2% 0.17% −0.07
COIN Coinbase Global Inc. Class A Reduce -67.6% 0.06% −0.07
SLYV SS SPDR S&P 600 SC Val ETF Reduce -6.8% 0.12% −0.07
EFA iShares MSCI Eafe ETF Reduce -7.1% 0.15% −0.07
COST Costco Wholesale Corp. Reduce -10.1% 0.11% −0.06
VPL Vanguard Ftse Pacific ETF Reduce -9.0% 0.14% −0.06
MELI MercadoLibre Inc. Reduce -35.7% 0.08% −0.06
USFR Wisdomtree Floating Rate Tre Reduce -2.8% 0.10% −0.05
SCZ iShares MSCI Eafe Small-Cap Reduce -7.5% 0.13% −0.05
IBB iShares Biotechnology ETF Sold out 0.00% −0.05
HAS Hasbro Inc. Sold out 0.00% −0.05
PINK Simplify Health Care ETF Reduce -21.0% 0.06% −0.05
TUA Sim St Treas Fut Strat ETF Sold out 0.00% −0.04
IGE iShares North American Natur Reduce -9.9% 0.06% −0.04
AGG iShares Core U.S. Aggregate Reduce -3.7% 0.07% −0.04
VNQ Vanguard Real Estate ETF Reduce -4.3% 0.06% −0.03
CBRE GBL REAL ESTATE INC FD Sold out 0.00% −0.03

Portfolio Buys Q1 2025 → Q2 2025
SPY SS SPDR S&P 500 ETF Trust-US New 4.46% +4.46
MSFT Microsoft Corp. New 4.08% +4.08
GOOGL Alphabet Inc. Class A New 3.37% +3.37
FDX FedEx Corp. New 3.08% +3.08
RSP Invesco S&P 500 Equal Weight New 2.29% +2.29
JPM JPMorgan Chase & Co. New 1.73% +1.73
CVX Chevron Corp. New 1.30% +1.30
FEZ State Street SPDR Euro Stoxx New 1.27% +1.27
UL Unilever PLC New 1.13% +1.13
GOOG Alphabet Inc. Class C New 0.92% +0.92
TV Grupo Televisa SA-Spon ADR New 0.64% +0.64
NVDA Nvidia Corp. Add +70.7% 1.51% +0.62
UNH Unitedhealth Group Inc. New 0.62% +0.62
KHC The Kraft Heinz Co. New 0.48% +0.48
MUB iShares National Muni Bond E Add +244.5% 0.67% +0.38
SHEL Shell PLC-ADR New 0.31% +0.31
GLD SPDR Gold Shares New 0.30% +0.30
V Visa Inc. Class A New 0.25% +0.25
CX Cemex Sab-Spons ADR Part Cer New 0.16% +0.16
SBUX Starbucks Corp. New 0.15% +0.15
EFV iShares MSCI Eafe Value ETF New 0.12% +0.12
CGBD Carlyle Secured Lending Inc. New 0.09% +0.09
DHR Danaher Corp. New 0.09% +0.09
TSLA Tesla Inc. Add +23.4% 2.85% +0.08
AVGO Broadcom Inc. New 0.08% +0.08
T AT&T Inc. New 0.07% +0.07
VEA Vanguard Ftse Developed ETF New 0.06% +0.06
GWX State Street SPDR S&P Intern New 0.06% +0.06
TOST Toast Inc. Class A New 0.06% +0.06
ORCL Oracle Corp. New 0.04% +0.04
PCT Purecycle Technologies Inc. Add +90.6% 0.06% +0.04
XLG Invesco S&P 500 Top 50 ETF New 0.04% +0.04
TSM Taiwan Semiconductor-SP ADR Add +43.0% 0.06% +0.02
GS Goldman Sachs Group Inc. Add +0.5% 0.06% −0.01
NEM Newmont Corp. Add +1.2% 0.05% −0.01
LLY Eli Lilly & Co. Add +32.1% 0.09% −0.02
CRM Salesforce Inc. Add +6.4% 0.05% −0.02
VOO Vanguard S&P 500 ETF Add +1.5% 0.11% −0.03
DVY iShares Select Dividend ETF Add +1.5% 0.07% −0.03
IBIT iShares Bitcoin Trust ETF Add +0.1% 0.29% −0.03
OBDC Blue Owl Capital Corp. Add +16.3% 0.19% −0.06
MRK Merck & Co. Inc. Add +60.0% 1.43% −0.06
CSCO Cisco Systems Inc. Add +0.1% 0.23% −0.07
QCOM Qualcomm Inc. Add +0.1% 0.17% −0.07
BXSL Blackstone Secured Lending F Add +16.1% 0.29% −0.10
ADBE Adobe Inc. Add +21.2% 0.73% −0.15
NAD Nuveen Quality Municipal Inc. Add +18.7% 0.65% −0.17
VB Vanguard Most SM-Cap ETF-Usd Add +0.7% 0.69% −0.25
PG The Procter & Gamble Co. Add +0.1% 0.71% −0.40
INTC Intel Corp. Add +0.3% 0.89% −0.43

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