# GFS Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1427263. Source: https://holderbook.com/funds/1427263-gfs-advisors-llc/

- Reported value: $1.9B
- Positions: 370
- Weight of the ten largest: 24.7%
- Filed: 2026-08-04

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| BYLINE BANCORP INC | [BY](https://holderbook.com/stocks/BY/) | $76.8M | 55 | 4.0% | 1 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $76.8M | 55 | 4.0% | 2 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $49.6M | 531,366 | 2.6% | 29 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $42.8M | 119,996 | 2.3% | 5 |
| HEICO CORP NEW | [HEI](https://holderbook.com/stocks/HEI/) | $42.8M | 250 | 2.3% | 1 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $39.0M | 165,233 | 2.1% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $36.2M | 48,402 | 1.9% | 5 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $36.1M | 376,132 | 1.9% | 7 |
| SPDR SERIES TRUST | [SPYD](https://holderbook.com/stocks/SPYD/) | $36.0M | 150 | 1.9% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $32.1M | 3,261 | 1.7% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $31.1M | 73,551 | 1.6% | 10 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $30.9M | 16,438 | 1.6% | 31 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $30.7M | 511 | 1.6% | 1 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $30.0M | 200,180 | 1.6% | 18 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $28.4M | 79,212 | 1.5% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $28.1M | 469,347 | 1.5% | 31 |
| ECOPETROL S A | [EC](https://holderbook.com/stocks/EC/) | $27.9M | 2,200 | 1.5% | 1 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $26.8M | 277,774 | 1.4% | 30 |
| DYNATRACE INC | [DT](https://holderbook.com/stocks/DT/) | $26.7M | 79 | 1.4% | 1 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $24.4M | 10,339 | 1.3% | 31 |
| ISHARES TR | [AAXJ](https://holderbook.com/stocks/AAXJ/) | $24.1M | 202,160 | 1.3% | 31 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $23.5M | 96,569 | 1.2% | 7 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $21.3M | 67,815 | 1.1% | 5 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $21.2M | 18 | 1.1% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $20.9M | 50,341 | 1.1% | 5 |
| VARONIS SYS INC | [VRNS](https://holderbook.com/stocks/VRNS/) | $20.9M | 125 | 1.1% | 1 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $20.1M | 71,888 | 1.1% | 7 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $18.5M | 9,601 | 1.0% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $17.0M | 79,738 | 0.9% | 5 |
| ISHARES TR | [SIZE](https://holderbook.com/stocks/SIZE/) | $17.0M | 20 | 0.9% | 1 |
| ITRON INC | [ITRI](https://holderbook.com/stocks/ITRI/) | $16.9M | 24,461 | 0.9% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $16.9M | 121,077 | 0.9% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $16.4M | 30,988 | 0.9% | 26 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $15.9M | 362,015 | 0.8% | 31 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $14.0M | 69,633 | 0.7% | 12 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $13.9M | 112,919 | 0.7% | 7 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $13.8M | 955,675 | 0.7% | 16 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $13.8M | 501,975 | 0.7% | 3 |
| DT MIDSTREAM INC | [DTM](https://holderbook.com/stocks/DTM/) | $13.7M | 1,275 | 0.7% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $13.1M | 148,412 | 0.7% | 31 |
| WISDOMTREE TR | [WDEF](https://holderbook.com/stocks/WDEF/) | $13.0M | 1,497 | 0.7% | 1 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $12.8M | 13,316 | 0.7% | 3 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $12.8M | 2,228 | 0.7% | 1 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $12.7M | 1,500 | 0.7% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $12.6M | 178,893 | 0.7% | 11 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $12.5M | 35,430 | 0.7% | 5 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $12.4M | 200 | 0.7% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $12.4M | 170,753 | 0.7% | 22 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $12.3M | 62,761 | 0.6% | 7 |
| ORGANON & CO | [OGN](https://holderbook.com/stocks/OGN/) | $12.3M | 1,267 | 0.6% | 1 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $12.1M | 119,112 | 0.6% | 20 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $11.9M | 46,972 | 0.6% | 31 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $11.7M | 790 | 0.6% | 1 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $11.5M | 53,022 | 0.6% | 7 |
| SPDR INDEX SHS FDS | [FEZ](https://holderbook.com/stocks/FEZ/) | $11.2M | 143,660 | 0.6% | 5 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $11.1M | 64,952 | 0.6% | 31 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $11.0M | 83,585 | 0.6% | 7 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $10.7M | 15,324 | 0.6% | 23 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $10.7M | 123 | 0.6% | 1 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $10.6M | 132,516 | 0.6% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $10.3M | 138,870 | 0.5% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $10.2M | 79,451 | 0.5% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $10.2M | 440 | 0.5% | 1 |
| ISHARES TR | [IEV](https://holderbook.com/stocks/IEV/) | $9.7M | 2,383 | 0.5% | 6 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $9.5M | 57,492 | 0.5% | 5 |
| CLEARWAY ENERGY INC | [CWEN](https://holderbook.com/stocks/CWEN/) | $9.5M | 50 | 0.5% | 1 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $9.5M | 156,459 | 0.5% | 17 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $9.4M | 124,065 | 0.5% | 1 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $9.2M | 70,502 | 0.5% | 7 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $8.8M | 100 | 0.5% | 1 |
| BANCO BILBAO VIZCAYA ARGENTA | [BBVA](https://holderbook.com/stocks/BBVA/) | $8.6M | 320,260 | 0.5% | 14 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $8.4M | 7,308 | 0.4% | 7 |
| ANHEUSER BUSCH INBEV SA/NV | [BUD](https://holderbook.com/stocks/BUD/) | $8.2M | 2,775 | 0.4% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $7.9M | 24,142 | 0.4% | 5 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $7.9M | 77 | 0.4% | 1 |
| NUVEEN QUALITY MUNCP INCOME | [NAD](https://holderbook.com/stocks/NAD/) | $7.5M | 526,790 | 0.4% | 7 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $7.5M | 128,246 | 0.4% | 3 |
| WALLBOX NV | [WBX](https://holderbook.com/stocks/WBX/) | $7.5M | 17,602 | 0.4% | 2 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $7.4M | 5,528 | 0.4% | 7 |
| INVESCO DB US DLR INDEX TR | [UDN](https://holderbook.com/stocks/UDN/) | $7.3M | 242,230 | 0.4% | 3 |
| BLACKSTONE MORTGAGE TRUST IN | [BXMT](https://holderbook.com/stocks/BXMT/) | $7.2M | 422,575 | 0.4% | 20 |
| SIMPLIFY EXCHANGE TRADED FUN | [CTA](https://holderbook.com/stocks/CTA/) | $7.1M | 815 | 0.4% | 1 |
| CANOPY GROWTH CORPORATION | [CGC](https://holderbook.com/stocks/CGC/) | $6.7M | 27 | 0.4% | 1 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $6.7M | 27 | 0.4% | 1 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $6.6M | 25,053 | 0.3% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $6.5M | 11,455 | 0.3% | 16 |
| MUELLER INDS INC | [MLI](https://holderbook.com/stocks/MLI/) | $6.4M | 44 | 0.3% | 1 |
| SIMPLIFY EXCHANGE TRADED FUN | [NMB](https://holderbook.com/stocks/NMB/) | $6.4M | 192,218 | 0.3% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $6.4M | 98,597 | 0.3% | 31 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $6.3M | 270,475 | 0.3% | 5 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $6.3M | 2,775 | 0.3% | 1 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $5.8M | 141,790 | 0.3% | 18 |
| INTELLIA THERAPEUTICS INC | [NTLA](https://holderbook.com/stocks/NTLA/) | $5.8M | 61,624 | 0.3% | 1 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $5.3M | 221,460 | 0.3% | 7 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $5.3M | 24 | 0.3% | 2 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $5.1M | 28,967 | 0.3% | 7 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $5.0M | 28,995 | 0.3% | 1 |
| SYNAPTICS INC | [SYNA](https://holderbook.com/stocks/SYNA/) | $4.9M | 30 | 0.3% | 1 |
| PHINIA INC | [PHIN](https://holderbook.com/stocks/PHIN/) | $4.9M | 11,532 | 0.3% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $4.9M | 33,800 | 0.3% | 25 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.6% | +14.8% | -4.2% | 125% |
| Q1 2026 | -1.7% | -4.6% | +2.9% | 103% |
| Q4 2025 | +3.2% | +2.4% | +0.8% | 100% |
| Q3 2025 | +10.0% | +7.8% | +2.2% | 100% |
| Q2 2025 | +8.5% | +10.5% | -1.9% | 100% |
| Q1 2025 | -1.3% | -4.6% | +3.3% | 100% |
| Q4 2024 | +0.3% | +2.1% | -1.8% | 100% |
| Q3 2024 | +10.7% | +5.4% | +5.2% | 82% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.9B | 370 |
| Q1 2026 | $1.6B | 257 |
| Q4 2025 | $842.0M | 173 |
| Q3 2025 | $783.7M | 147 |
| Q2 2025 | $730.8M | 146 |
| Q1 2025 | $498.1M | 122 |
| Q4 2024 | $657.6M | 152 |
| Q3 2024 | $470.4M | 111 |
| Q2 2024 | $620.5M | 201 |
| Q1 2024 | $603.6M | 146 |
| Q4 2023 | $684.0M | 152 |
| Q3 2023 | $643.5M | 151 |