Managers / Q2 2023 · view latest →
GFS Advisors, LLC
CIK 0001427263 · 1330 POST OAK BLVD, SUITE 2100, HOUSTON, TX, 77056 · 713-968-0400
Reported Value
$450M
Q2 2023
Positions
135
Filings on Record
33
2019–present window
Filed
Aug 8, 2023
original filing
Summary
Gfs Advisors, LLC reported $450M in U.S.-listed holdings across 135 positions for Q2 2023.
Its largest position, AAPL, represents 7.8% of the portfolio.
Compared with Q1 2023, the fund opened 4 new positions and exited 6.
Portfolio Metrics
Turnover
+3.0%
vs prior filed quarter
Top-10 Concentration
+38.0%
share of reported value
Largest Position
+7.8%
Apple
New / Exited
4 / 6
positions this quarter
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- Common Stock · 50.8% · $229M
- ETP · 38.6% · $174M
- ADR · 5.9% · $27M
- Other · 2.3% · $10M
- REIT · 2.0% · $9M
- Other · 0.5% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| NFLXNETFLIX INC | NEW | +523 | 523 | +$230,000 | $230,000 |
| CVSCVS HEALTH CORP | NEW | +3.3K | 3.3K | +$226,000 | $226,000 |
| ICON PLC | NEW | +878 | 878 | +$220,000 | $220,000 |
| ADBEADOBE SYSTEMS INCORPORATED | NEW | +415 | 415 | +$203,000 | $203,000 |
| RUBICON TECHNOLOGIES INC | ADDED | +956.0K | 1.60M | +$169,000 | $592,000 |
| ISHARES INC | SOLD OUT | −20.0K | 0 | −$405,000 | $0 |
| ISHARES INC | ADDED | +7.0K | 14.0K | +$367,000 | $750,000 |
| DYHTARGET CORP | SOLD OUT | −1.4K | 0 | −$232,000 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2023
39 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ACWIISHARES TRhistory → | MSCI ACWI ETF · CORE S&P MCP ETF · MSCI AC ASIA ETF · CORE S&P SCP ETF · CORE S&P500 ETF · SHORT TREAS BD | 8.13% | $37M | 319.8K |
| 2 | AAPLAPPLE INChistory → | COM | 7.76% | $35M | 180.0K |
| 3 | VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF · FTSE EUROPE ETF · ALLWRLD EX US · FTSE SMCAP ETF | 6.44% | $29M | 588.3K |
| 4 | AMZNAMAZON COM INChistory → | COM | 4.15% | $19M | 143.1K |
| 5 | GOOGLALPHABET INChistory → | CAP STK CL A · CAP STK CL C | 4.05% | $18M | 152.0K |
| 6 | FDXFEDEX CORPhistory → | COM | 4.02% | $18M | 73.0K |
| 7 | VUGVANGUARD INDEX FDShistory → | TOTAL STK MKT · GROWTH ETF · VALUE ETF | 3.91% | $18M | 84.1K |
| 8 | MSFTMICROSOFT CORPhistory → | COM | 3.78% | $17M | 49.9K |
| 9 | SPDR S&P 500 ETF TR | TR UNIT | 3.39% | $15M | 34.4K |
| 10 | ISHARES INC | MSCI JPN ETF NEW | 2.80% | $13M | 203.8K |
| 11 | DISDISNEY WALT COhistory → | COM | 2.76% | $12M | 139.0K |
| 12 | BACBANK AMERICA CORPhistory → | COM | 2.70% | $12M | 422.6K |
| 13 | PEPPEPSICO INChistory → | COM | 2.28% | $10M | 55.4K |
| 14 | BUDANHEUSER BUSCH INBEV SA/NVhistory → | SPONSORED ADR | 2.08% | $9M | 164.7K |
| 15 | UNILEVER PLC | SPON ADR NEW | 1.93% | $9M | 166.8K |
| 16 | BABAALIBABA GROUP HLDG LTDhistory → | SPONSORED ADS | 1.66% | $7M | 89.9K |
| 17 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 1.63% | $7M | 19.9K |
| 18 | MRKMERCK & CO INChistory → | COM | 1.49% | $7M | 58.3K |
| 19 | INTCINTEL CORPhistory → | COM | 1.42% | $6M | 191.4K |
| 20 | PFEPFIZER INChistory → | COM | 1.36% | $6M | 166.6K |
| 21 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW | 1.34% | $6M | 17.7K |
| 22 | BXMTBLACKSTONE MTG TR INChistory → | COM CL A | 1.31% | $6M | 283.7K |
| 23 | NKENIKE INChistory → | CL B | 1.31% | $6M | 53.4K |
| 24 | IAU*ISHARES GOLD TRhistory → | ISHARES NEW | 1.19% | $5M | 147.3K |
| 25 | WMTWALMART INChistory → | COM | 1.12% | $5M | 32.2K |
| 26 | PGPROCTER AND GAMBLE COhistory → | COM | 1.09% | $5M | 32.3K |
| 27 | VANGUARD STAR FDS | VG TL INTL STK F | 1.08% | $5M | 86.6K |
| 28 | SPDR INDEX SHS FDS | EURO STOXX 50 | 1.08% | $5M | 105.3K |
| 29 | AXPAMERICAN EXPRESS COhistory → | COM | 1.01% | $5M | 26.0K |
| 30 | JNJJOHNSON & JOHNSON | COM | 0.96% | $4M | 26.2K |
| 31 | JPMJPMORGAN CHASE & CO | COM | 0.93% | $4M | 28.7K |
| 32 | METAMETA PLATFORMS INC | CL A | 0.76% | $3M | 11.9K |
| 33 | CSCOCISCO SYS INC | COM | 0.71% | $3M | 62.1K |
| 34 | SPDR DOW JONES INDL AVERAGE | UT SER 1 | 0.70% | $3M | 9.1K |
| 35 | CHVCHEVRON CORP NEW | COM | 0.62% | $3M | 17.8K |
| 36 | EXMOCEXXON MOBIL CORP | COM | 0.62% | $3M | 25.9K |
| 37 | KREFKKR REAL ESTATE FIN TR INC | COM | 0.57% | $3M | 210.5K |
| 38 | BBVABANCO BILBAO VIZCAYA ARGENTA | SPONSORED ADR | 0.56% | $3M | 325.6K |
| 39 | KHCKRAFT HEINZ CO | COM | 0.51% | $2M | 65.1K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026REVEALED | $1.6B | 319 | Apr 30, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $842M | 173 | Feb 11, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $784M | 147 | Nov 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $731M | 146 | Jul 25, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $498M | 122 | Apr 21, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $658M | 152 | Jan 23, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $470M | 111 | Oct 29, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $620M | 201 | Jul 26, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $604M | 146 | Apr 25, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $684M | 152 | Jan 24, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $643M | 151 | Oct 19, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $450M | 135 | Aug 8, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $435M | 137 | Apr 27, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $445M | 134 | Jan 26, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $417M | 139 | Oct 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $447M | 136 | Jul 19, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $475M | 152 | Apr 21, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $606M | 173 | Jan 21, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $460M | 171 | Nov 3, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $444M | 152 | Jul 26, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $428M | 141 | May 3, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $381M | 132 | Feb 2, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $328M | 120 | Nov 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $324M | 125 | Jul 29, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $320M | 122 | May 13, 2020 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2019 | $383M | 124 | Jan 17, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $358M | 118 | Nov 12, 2019 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2019 | $351M | 119 | Aug 1, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $338M | 109 | May 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $374M | 118 | Feb 12, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.