13F HOLDINGS REPORT

GFS Advisors, LLC

Quarter ended Q3 2025 · Filed November 6, 2025 · Accession 0001427263-25-000009

Total Value

$783.7M

Positions

147

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (147)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SPDR S&P 500 ETF TR	SPY	49,354	$32.9M	4.20%
2	DISNEY WALT CO	254687106	284,488	$32.6M	4.16%
3	ALPHABET INC	GOOG	130,955	$31.8M	4.06%
4	ALIBABA GROUP HLDG LTD	BBAAY	171,462	$30.6M	3.91%
5	MICROSOFT CORP	MSFT	57,964	$30.0M	3.83%
6	TESLA INC	TSLA	65,319	$29.0M	3.71%
7	ISHARES TR	464288257	197,870	$27.4M	3.49%
8	VANGUARD INTL EQUITY INDEX F	922042858	498,820	$27.0M	3.45%
9	FEDEX CORP	FDX	98,725	$23.3M	2.97%
10	ISHARES INC	46434G822	282,200	$22.6M	2.89%
11	ISHARES TR	464287804	152,833	$18.2M	2.32%
12	INVESCO EXCHANGE TRADED FD T	IVZ	86,784	$16.5M	2.10%
13	VANGUARD INDEX FDS	922908769	49,725	$16.3M	2.08%
14	ISHARES TR	464288679	142,868	$15.8M	2.01%
15	ISHARES TR	464287200	21,767	$14.6M	1.86%
16	UNITEDHEALTH GROUP INC	UNH	41,432	$14.3M	1.83%
17	ISHARES TR	464287507	197,059	$12.9M	1.64%
18	VANGUARD INTL EQUITY INDEX F	922042874	153,701	$12.3M	1.56%
19	NVIDIA CORPORATION	NVDA	64,166	$12.0M	1.53%
20	MERCK & CO INC	MRK	131,817	$11.1M	1.41%
21	PEPSICO INC	PEP	77,025	$10.8M	1.38%
22	WALMART INC	WMT	101,857	$10.5M	1.34%
23	PFIZER INC	PFE	411,531	$10.5M	1.34%
24	CHEVRON CORP NEW	CVX	67,129	$10.4M	1.33%
25	NU HLDGS LTD	NU	628,205	$10.1M	1.28%
26	ISHARES TR	464288182	109,145	$10.0M	1.27%
27	JOHNSON & JOHNSON	JNJ	53,496	$9.9M	1.27%
28	SPDR INDEX SHS FDS	78463X202	155,962	$9.7M	1.24%
29	VANGUARD INDEX FDS	922908629	32,945	$9.7M	1.23%
30	ISHARES GOLD TR	IAU	129,559	$9.4M	1.20%
31	SPDR S&P MIDCAP 400 ETF TR	MDY	15,808	$9.4M	1.20%
32	BLACKSTONE MTG TR INC	BX	509,755	$9.4M	1.20%
33	JPMORGAN CHASE & CO.	VYLD	28,888	$9.1M	1.16%
34	NIKE INC	NKE	127,022	$8.9M	1.13%
35	ALPHABET INC	GOOG	35,400	$8.6M	1.10%
36	INTEL CORP	INTC	241,810	$8.1M	1.04%
37	VANGUARD STAR FDS	921909768	110,219	$8.1M	1.03%
38	UNILEVER PLC	UNLYF	134,665	$8.0M	1.02%
39	META PLATFORMS INC	META	9,945	$7.3M	0.93%
40	ADOBE INC	ADBE	19,719	$7.0M	0.89%
41	VANGUARD INDEX FDS	922908736	13,091	$6.3M	0.80%
42	BANCO BILBAO VIZCAYA ARGENTA	BBVXF	317,500	$6.1M	0.78%
43	NUVEEN QUALITY MUNCP INCOME	NU	515,220	$6.0M	0.77%
44	GRUPO TELEVISA S A B	GRPFF	2,142,590	$5.8M	0.74%
45	VANGUARD INTL EQUITY INDEX F	922042775	76,090	$5.4M	0.69%
46	PALANTIR TECHNOLOGIES INC	PLTR	29,546	$5.4M	0.69%
47	VANGUARD INDEX FDS	922908751	21,175	$5.4M	0.69%
48	PROCTER AND GAMBLE CO	742718109	32,621	$5.0M	0.64%
49	EXXON MOBIL CORP	XOM	44,247	$5.0M	0.64%
50	ISHARES TR	464288414	41,000	$4.4M	0.56%
51	VANGUARD INTL EQUITY INDEX F	922042718	28,680	$4.1M	0.52%
52	SPDR DOW JONES INDL AVERAGE	78467X109	8,363	$3.9M	0.49%
53	VANGUARD INDEX FDS	922908744	20,445	$3.8M	0.49%
54	KRAFT HEINZ CO	KHC	137,125	$3.6M	0.46%
55	SELECT SECTOR SPDR TR	81369Y506	31,280	$2.8M	0.36%
56	SELECT SECTOR SPDR TR	81369Y605	50,721	$2.7M	0.35%
57	ISHARES TR	464287598	12,792	$2.6M	0.33%
58	SPDR GOLD TR	GLD	7,162	$2.5M	0.32%
59	ISHARES BITCOIN TRUST ETF	IBIT	35,966	$2.3M	0.30%
60	CITIGROUP INC	C-PR	22,945	$2.3M	0.30%
61	VANECK ETF TRUST	92189F106	30,292	$2.3M	0.30%
62	WASTE MGMT INC DEL	94106L109	10,450	$2.3M	0.29%
63	SHELL PLC	RYDAF	32,177	$2.3M	0.29%
64	WISDOMTREE TR	WT	47,305	$2.2M	0.28%
65	COUPANG INC	CPNG	65,235	$2.1M	0.27%
66	ISHARES TR	46435G425	13,995	$2.0M	0.26%
67	ISHARES SILVER TR	SLV	46,558	$2.0M	0.25%
68	KKR REAL ESTATE FIN TR INC	KKRT	216,170	$1.9M	0.25%
69	STARWOOD PPTY TR INC	STHO	97,815	$1.9M	0.24%
70	ENERGY TRANSFER L P	ET-PI	109,230	$1.9M	0.24%
71	BLACKSTONE SECD LENDING FD	BX	69,700	$1.8M	0.23%
72	VISA INC	V	5,094	$1.7M	0.22%
73	SPDR SERIES TRUST	78464A870	17,172	$1.7M	0.22%
74	VANECK ETF TRUST	92189F411	113,300	$1.7M	0.22%
75	ENTERPRISE PRODS PARTNERS L	293792107	52,500	$1.6M	0.21%
76	CISCO SYS INC	CSCO	23,930	$1.6M	0.21%
77	SALESFORCE INC	CRM	6,818	$1.6M	0.21%
78	VANGUARD INDEX FDS	922908652	7,622	$1.6M	0.20%
79	SONOS INC	SONO	100,000	$1.6M	0.20%
80	TOYOTA MOTOR CORP	TOYOF	8,185	$1.6M	0.20%
81	GLOBAL X FDS	37954Y715	43,855	$1.6M	0.20%
82	PALO ALTO NETWORKS INC	PANW	7,125	$1.5M	0.19%
83	VANGUARD INDEX FDS	922908611	6,764	$1.4M	0.18%
84	ISHARES TR	464287879	12,672	$1.4M	0.18%
85	QUALCOMM INC	QCOM	7,820	$1.3M	0.17%
86	3M CO	MMM	8,300	$1.3M	0.16%
87	BLUE OWL CAPITAL CORPORATION	OWL	98,785	$1.3M	0.16%
88	ANHEUSER BUSCH INBEV SA/NV	BUDFF	20,305	$1.2M	0.15%
89	ISHARES TR	464287465	12,869	$1.2M	0.15%
90	FORD MTR CO	345370860	100,000	$1.2M	0.15%
91	CEMEX SAB DE CV	CXMSF	127,076	$1.1M	0.15%
92	ISHARES TR	464287481	8,000	$1.1M	0.15%
93	VANGUARD INTL EQUITY INDEX F	922042866	12,627	$1.1M	0.14%
94	STARBUCKS CORP	SBUX	12,255	$1.0M	0.13%
95	ISHARES TR	464288273	13,143	$1.0M	0.13%
96	SPDR SERIES TRUST	78464A300	11,105	$984,458	0.13%
97	ISHARES TR	464288877	13,831	$938,157	0.12%
98	COSTCO WHSL CORP NEW	22160K105	948	$877,426	0.11%
99	VANGUARD INDEX FDS	922908363	1,360	$832,837	0.11%
100	WISDOMTREE TR	WT	15,240	$766,115	0.10%
101	ISHARES TR	464287234	13,900	$742,260	0.09%
102	WARNER BROS DISCOVERY INC	WBD	37,252	$727,532	0.09%
103	ISHARES TR	464287721	3,593	$703,725	0.09%
104	WISDOMTREE TR	WT	5,200	$665,756	0.08%
105	ARRAY TECHNOLOGIES INC	ARRY	80,000	$652,000	0.08%
106	NETFLIX INC	NFLX	543	$651,014	0.08%
107	ISHARES TR	46429B606	20,000	$644,000	0.08%
108	UBER TECHNOLOGIES INC	UBER	6,520	$638,764	0.08%
109	LOCKHEED MARTIN CORP	LMT	1,278	$637,990	0.08%
110	BROADCOM INC	AVGO	1,896	$625,509	0.08%
111	CARLYLE SECURED LENDING INC	CGBD	49,700	$621,250	0.08%
112	INVESCO EXCHANGE TRADED FD T	IVZ	10,050	$578,076	0.07%
113	ISHARES TR	464287168	4,033	$573,089	0.07%
114	TAIWAN SEMICONDUCTOR MFG LTD	874039100	2,015	$562,769	0.07%
115	SPDR SERIES TRUST	78464A698	8,800	$557,040	0.07%
116	ISHARES TR	464287226	5,200	$521,300	0.07%
117	MERCADOLIBRE INC	MELI	216	$505,527	0.06%
118	NEWMONT CORP	NEMCL	5,927	$499,705	0.06%
119	ALTRIA GROUP INC	MO	7,465	$493,138	0.06%
120	VANGUARD TAX-MANAGED FDS	921943858	8,159	$488,887	0.06%
121	GOLDMAN SACHS GROUP INC	GSCE	611	$486,570	0.06%
122	SPDR INDEX SHS FDS	78463X871	12,055	$484,370	0.06%
123	SANOFI SA	SNYNF	10,000	$472,000	0.06%
124	AT&T INC	T-PC	16,515	$466,384	0.06%
125	PURECYCLE TECHNOLOGIES INC	PCTTW	35,400	$465,510	0.06%
126	ELI LILLY & CO	LLY	600	$457,800	0.06%
127	SIMPLIFY EXCHANGE TRADED FUN	82889N772	14,300	$453,453	0.06%
128	ISHARES TR	464287374	9,180	$450,279	0.06%
129	VANGUARD INDEX FDS	922908553	4,827	$441,284	0.06%
130	CONSTELLATION BRANDS INC	STZ	3,260	$439,024	0.06%
131	ORACLE CORP	ORCL-PD	1,503	$422,704	0.05%
132	COINBASE GLOBAL INC	COIN	1,200	$404,988	0.05%
133	TEVA PHARMACEUTICAL INDS LTD	881624209	20,000	$404,000	0.05%
134	WELLS FARGO CO NEW	949746101	4,812	$403,342	0.05%
135	TOAST INC	TOST	10,000	$365,100	0.05%
136	ISHARES TR	46429B598	6,574	$342,242	0.04%
137	SIMPLIFY EXCHANGE TRADED FUN	82889N525	6,710	$337,849	0.04%
138	SHOPIFY INC	SHOP	1,960	$291,242	0.04%
139	BANCO SANTANDER S.A.	BCDRF	27,358	$286,713	0.04%
140	ISHARES TR	464288513	3,507	$284,733	0.04%
141	CVS HEALTH CORP	CVS	3,600	$271,404	0.03%
142	ALLY FINL INC	02005N100	6,600	$258,720	0.03%
143	ISHARES TR	464288372	4,200	$256,704	0.03%
144	ISHARES TR	464287861	3,725	$243,913	0.03%
145	ISHARES TR	464288687	7,200	$227,664	0.03%
146	VANGUARD WORLD FD	92204A306	1,800	$226,548	0.03%
147	TELEFONICA S A	TELFY	12,666	$64,343	0.01%