13F HOLDINGS REPORT

GFS Advisors, LLC

Quarter ended Q4 2025 · Filed February 11, 2026 · Accession 0001427263-26-000002

Total Value

$842.0M

Positions

173

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (173)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	TESLA INC	TSLA	65,321	$42.4M	5.03%
2	ALPHABET INC	GOOG	124,098	$38.8M	4.61%
3	SPDR S&P 500 ETF TR	SPY	47,500	$33.1M	3.93%
4	DISNEY WALT CO	254687106	284,243	$32.3M	3.84%
5	MICROSOFT CORP	MSFT	58,237	$28.2M	3.34%
6	FEDEX CORP	FDX	96,669	$27.9M	3.32%
7	ISHARES TR	464288257	194,095	$27.5M	3.26%
8	VANGUARD INTL EQUITY INDEX F	922042858	494,618	$26.6M	3.16%
9	ALIBABA GROUP HLDG LTD	BBAAY	171,311	$25.1M	2.98%
10	ISHARES INC	46434G822	281,135	$22.7M	2.70%
11	ISHARES TR	464287804	151,458	$18.2M	2.16%
12	UNITEDHEALTH GROUP INC	UNH	51,416	$17.0M	2.02%
13	INVESCO EXCHANGE TRADED FD T	IVZ	86,748	$16.6M	1.97%
14	VANGUARD INDEX FDS	922908769	49,502	$16.6M	1.97%
15	ISHARES TR	464287200	21,755	$14.9M	1.77%
16	NVIDIA CORPORATION	NVDA	76,405	$14.2M	1.69%
17	ISHARES TR	464288679	127,339	$14.0M	1.67%
18	VANGUARD INTL EQUITY INDEX F	922042874	153,871	$12.9M	1.53%
19	ISHARES TR	464287507	193,449	$12.8M	1.52%
20	DOW INC	DOW	500,000	$11.7M	1.39%
21	AMAZON COM INC	AMZN	224,512	$11.4M	1.35%
22	WALMART INC	WMT	101,197	$11.3M	1.34%
23	ALPHABET INC	GOOG	35,261	$11.1M	1.31%
24	JOHNSON & JOHNSON	JNJ	49,767	$10.3M	1.22%
25	ISHARES TR	464288182	109,145	$10.2M	1.21%
26	SPDR INDEX SHS FDS	78463X202	157,222	$10.1M	1.20%
27	PEPSICO INC	PEP	68,630	$9.8M	1.17%
28	PFIZER INC	PFE	395,311	$9.8M	1.17%
29	CHEVRON CORP NEW	CVX	63,223	$9.6M	1.14%
30	NU HLDGS LTD	NU	573,780	$9.6M	1.14%
31	VANGUARD INDEX FDS	922908629	32,945	$9.6M	1.14%
32	SPDR S&P MIDCAP 400 ETF TR	MDY	15,628	$9.4M	1.12%
33	NIKE INC	NKE	139,393	$8.9M	1.05%
34	ISHARES GOLD TR	IAU	104,642	$8.5M	1.01%
35	MERCK & CO INC	MRK	79,462	$8.4M	0.99%
36	VANGUARD STAR FDS	921909768	107,896	$8.1M	0.97%
37	META PLATFORMS INC	META	12,188	$8.0M	0.96%
38	BLACKSTONE MTG TR INC	BX	413,315	$7.9M	0.94%
39	UNILEVER PLC	UNLYF	119,696	$7.8M	0.93%
40	JPMORGAN CHASE & CO.	VYLD	24,149	$7.8M	0.92%
41	BANCO BILBAO VIZCAYA ARGENTA	BBVXF	317,500	$7.4M	0.88%
42	INTEL CORP	INTC	194,285	$7.2M	0.85%
43	ADOBE INC	ADBE	19,769	$6.9M	0.82%
44	VANGUARD INDEX FDS	922908736	13,091	$6.4M	0.76%
45	NUVEEN QUALITY MUNCP INCOME	NU	483,570	$5.8M	0.69%
46	EXXON MOBIL CORP	XOM	45,847	$5.5M	0.66%
47	VANGUARD INTL EQUITY INDEX F	922042775	74,910	$5.5M	0.65%
48	VANGUARD INDEX FDS	922908751	21,175	$5.5M	0.65%
49	PROCTER AND GAMBLE CO	742718109	32,622	$4.7M	0.56%
50	ISHARES SILVER TR	SLV	70,184	$4.5M	0.54%
51	VANGUARD INTL EQUITY INDEX F	922042718	28,062	$4.0M	0.48%
52	SPDR DOW JONES INDL AVERAGE	78467X109	8,248	$4.0M	0.47%
53	VANGUARD INDEX FDS	922908744	20,445	$3.9M	0.46%
54	STARWOOD PPTY TR INC	STHO	206,795	$3.7M	0.44%
55	KRAFT HEINZ CO	KHC	137,125	$3.3M	0.39%
56	ISHARES TR	464288414	29,000	$3.1M	0.37%
57	SELECT SECTOR SPDR TR	81369Y605	56,656	$3.1M	0.37%
58	PALANTIR TECHNOLOGIES INC	PLTR	17,340	$3.1M	0.37%
59	SELECT SECTOR SPDR TR	81369Y506	65,900	$2.9M	0.35%
60	INVESCO DB US DLR INDEX TR	IVZ	160,000	$2.9M	0.35%
61	ISHARES TR	464287598	12,792	$2.7M	0.32%
62	J P MORGAN EXCHANGE TRADED F	46641Q332	46,860	$2.7M	0.32%
63	CITIGROUP INC	C-PR	22,845	$2.7M	0.32%
64	VANECK ETF TRUST	92189F106	28,833	$2.5M	0.29%
65	SPDR GOLD TR	GLD	5,982	$2.4M	0.28%
66	WASTE MGMT INC DEL	94106L109	10,700	$2.4M	0.28%
67	SHELL PLC	RYDAF	31,692	$2.3M	0.28%
68	ISHARES BITCOIN TRUST ETF	IBIT	46,414	$2.3M	0.27%
69	WISDOMTREE TR	WT	47,155	$2.2M	0.26%
70	J P MORGAN EXCHANGE TRADED F	46641Q647	40,600	$2.1M	0.24%
71	SPDR SERIES TRUST	78464A870	16,767	$2.0M	0.24%
72	ISHARES TR	46435G425	13,500	$2.0M	0.24%
73	MICRON TECHNOLOGY INC	MU	6,990	$2.0M	0.24%
74	VISA INC	V	5,669	$2.0M	0.24%
75	VANECK ETF TRUST	92189F411	135,100	$1.9M	0.23%
76	BLACKSTONE SECD LENDING FD	BX	71,250	$1.9M	0.22%
77	CISCO SYS INC	CSCO	23,964	$1.8M	0.22%
78	ENERGY TRANSFER L P	ET-PI	109,000	$1.8M	0.21%
79	PALO ALTO NETWORKS INC	PANW	9,585	$1.8M	0.21%
80	SONOS INC	SONO	100,000	$1.8M	0.21%
81	TOYOTA MOTOR CORP	TOYOF	8,185	$1.8M	0.21%
82	KKR REAL ESTATE FIN TR INC	KKRT	210,870	$1.7M	0.21%
83	ENTERPRISE PRODS PARTNERS L	293792107	52,500	$1.7M	0.20%
84	INVESCO EXCHANGE TRADED FD T	IVZ	10,354	$1.6M	0.19%
85	VANGUARD INDEX FDS	922908652	7,622	$1.6M	0.19%
86	GLOBAL X FDS	37954Y715	43,724	$1.6M	0.19%
87	COUPANG INC	CPNG	65,235	$1.5M	0.18%
88	BRISTOL-MYERS SQUIBB CO	CELG-RI	26,810	$1.4M	0.17%
89	ISHARES TR	464287879	12,672	$1.4M	0.17%
90	VANGUARD INDEX FDS	922908611	6,764	$1.4M	0.17%
91	ISHARES INC	464286764	25,000	$1.3M	0.16%
92	QUALCOMM INC	QCOM	7,820	$1.3M	0.16%
93	FORD MTR CO	345370860	100,000	$1.3M	0.16%
94	GRUPO TELEVISA S A B	GRPFF	447,000	$1.3M	0.15%
95	ANHEUSER BUSCH INBEV SA/NV	BUDFF	19,830	$1.3M	0.15%
96	BLUE OWL CAPITAL CORPORATION	OWL	101,985	$1.3M	0.15%
97	ISHARES TR	464287465	13,200	$1.3M	0.15%
98	VANGUARD INTL EQUITY INDEX F	922042866	12,821	$1.2M	0.14%
99	3M CO	MMM	7,200	$1.2M	0.14%
100	ISHARES TR	464287481	8,000	$1.1M	0.13%
101	ISHARES INC	464286806	25,000	$1.1M	0.13%
102	ISHARES INC	464286665	25,000	$1.0M	0.12%
103	ISHARES TR	464288273	13,143	$1.0M	0.12%
104	SPDR SERIES TRUST	78464A300	11,105	$1.0M	0.12%
105	ISHARES TR	464288877	13,831	$987,672	0.12%
106	VANGUARD INDEX FDS	922908363	1,360	$852,897	0.10%
107	COSTCO WHSL CORP NEW	22160K105	972	$838,267	0.10%
108	WISDOMTREE TR	WT	15,240	$766,877	0.09%
109	ISHARES TR	464287234	13,900	$760,469	0.09%
110	WISDOMTREE TR	WT	5,200	$749,632	0.09%
111	MERCADOLIBRE INC	MELI	367	$738,468	0.09%
112	ARRAY TECHNOLOGIES INC	ARRY	80,000	$737,600	0.09%
113	VANECK ETF TRUST	92189F437	24,432	$717,446	0.09%
114	TAIWAN SEMICONDUCTOR MFG LTD	874039100	2,356	$715,965	0.09%
115	CEMEX SAB DE CV	CXMSF	61,427	$705,796	0.08%
116	ISHARES TR	46429B606	20,000	$703,800	0.08%
117	DELL TECHNOLOGIES INC	DELL	5,200	$654,576	0.08%
118	LOCKHEED MARTIN CORP	LMT	1,352	$653,922	0.08%
119	TEVA PHARMACEUTICAL INDS LTD	881624209	20,000	$624,200	0.07%
120	CARLYLE SECURED LENDING INC	CGBD	49,700	$620,753	0.07%
121	ORACLE CORP	ORCL-PD	3,077	$599,738	0.07%
122	NEWMONT CORP	NEMCL	5,857	$584,821	0.07%
123	GOLDMAN SACHS GROUP INC	GSCE	617	$542,343	0.06%
124	UBER TECHNOLOGIES INC	UBER	6,500	$531,115	0.06%
125	SIMPLIFY EXCHANGE TRADED FUN	82889N772	14,510	$531,066	0.06%
126	BROADCOM INC	AVGO	1,522	$526,764	0.06%
127	ISHARES TR	464287226	5,200	$519,376	0.06%
128	VANGUARD TAX-MANAGED FDS	921943858	8,159	$509,693	0.06%
129	CRACKER BARREL OLD CTRY STOR	22410J106	20,000	$508,000	0.06%
130	NETFLIX INC	NFLX	5,300	$496,928	0.06%
131	SPDR INDEX SHS FDS	78463X871	12,055	$492,567	0.06%
132	SANOFI SA	SNYNF	10,000	$484,600	0.06%
133	SIMPLIFY EXCHANGE TRADED FUN	82889N525	9,460	$476,879	0.06%
134	FIRST TR EXCHANGE TRADED FD	33734X846	6,667	$476,357	0.06%
135	ISHARES TR	464287374	9,180	$460,836	0.05%
136	ISHARES TR	46429B598	8,358	$451,750	0.05%
137	CONSTELLATION BRANDS INC	STZ	3,260	$449,750	0.05%
138	WELLS FARGO CO NEW	949746101	4,812	$448,478	0.05%
139	MAGNUM ICE CREAM CO NV	MICC	26,933	$430,387	0.05%
140	VANGUARD INDEX FDS	922908553	4,827	$427,141	0.05%
141	ALTRIA GROUP INC	MO	7,365	$424,666	0.05%
142	MASTERCARD INCORPORATED	MA	725	$413,888	0.05%
143	AT&T INC	T-PC	16,515	$410,233	0.05%
144	ISHARES TR	464287721	1,985	$396,365	0.05%
145	MURPHY USA INC	MUSA	978	$394,643	0.05%
146	PURECYCLE TECHNOLOGIES INC	PCTTW	45,600	$391,704	0.05%
147	SALESFORCE INC	CRM	1,467	$388,623	0.05%
148	ABBVIE INC	ABBV	1,698	$387,976	0.05%
149	ELI LILLY & CO	LLY	350	$376,138	0.04%
150	INTUITIVE SURGICAL INC	ISRG	650	$368,134	0.04%
151	COINBASE GLOBAL INC	COIN	1,560	$352,778	0.04%
152	SHOPIFY INC	SHOP	2,168	$348,981	0.04%
153	FAIR ISAAC CORP	FICO	200	$338,124	0.04%
154	ISHARES TR	464287457	4,044	$334,924	0.04%
155	BANCO SANTANDER SA	BCDRF	27,358	$320,910	0.04%
156	INVESCO EXCHANGE TRADED FD T	IVZ	5,100	$302,328	0.04%
157	ALLY FINL INC	02005N100	6,600	$298,914	0.04%
158	SELECT SECTOR SPDR TR	81369Y308	3,780	$293,630	0.03%
159	NOVO-NORDISK A S	NONOF	5,625	$286,200	0.03%
160	CVS HEALTH CORP	CVS	3,600	$285,696	0.03%
161	ISHARES ETHEREUM TR	46438R105	11,860	$266,020	0.03%
162	ASML HOLDING N V	ASMLF	244	$260,965	0.03%
163	DANAHER CORPORATION	235851102	1,130	$258,680	0.03%
164	ISHARES TR	464288372	4,200	$257,712	0.03%
165	ISHARES TR	464287861	3,658	$250,939	0.03%
166	INVESCO CURRENCYSHARES EURO	FXE	2,291	$248,470	0.03%
167	SIMPLIFY EXCHANGE TRADED FUN	82889N830	10,875	$242,186	0.03%
168	ISHARES TR	464288687	7,400	$229,104	0.03%
169	VANGUARD WORLD FD	92204A306	1,800	$226,656	0.03%
170	ISHARES TR	464287325	2,250	$219,150	0.03%
171	CUMMINS INC	CMI	405	$206,732	0.02%
172	OSCAR HEALTH INC	OSCR	11,350	$163,100	0.02%
173	TELEFONICA S A	TELFY	12,666	$51,297	0.01%