GFS Advisors, LLC

Registered adviser

CIK

1427263

Location

HOUSTON, TX

Portfolio Value

Small $835,583,590

Diversification

Highly concentrated

Filing Date

Global Rank

#2,818 / 8,818 ▼ 842

Top Industry

Semiconductor Equipment & Materials 90.4%

Period ended 4 months ago

Filed Aug 13, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 143110

Roster of Oct 1, 2026

Regulatory AUM

$3,761,962,187

Main clients

Other (61% of AUM)

LEI

2549002PKLSISF2U9502

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$3,761,962,187	Other (61%)
Apr 2025 to Mar 2026	$3,268,787,765	Other (62%)
Apr 2024 to Mar 2025	$2,854,534,074	Other (58%)
May 2023 to Mar 2024	$2,375,744,627	Other (57%)
Apr 2023	$2,375,744,627	Other (57%)
Apr 2022 to Mar 2023	$2,364,828,660	Other (57%)

3 earlier changes not shown.

Stated strategy

Multi-asset, Fundamental active, Fixed income / rates, Wealth management / planning Form ADV Part 2A, Sep 2, 2026 · original

In the firm's words

Multi-asset: Based on the client’s financial situation and completion of the investor questionnaire, a tailored asset allocation is chosen from a mix of equity and fixed income securities; but may also include alternative investments1 for certain qualified clients.
Fundamental active: GFSA and its Representatives use a wide variety of methods, including fundamental and technical analysis, to determine investment strategies for clients.
Fixed income / rates: Investment strategies are fully customized and implemented using individual securities, mainly stocks and fixed income securities, but may include a combination of open-end mutual funds, exchange-traded funds, and/or alternative investments for certain qualified clients.
Wealth management / planning: Upon request, a Representative will prepare a financial plan for clients based on their financial and personal circumstances.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 92.6% of the book (60%+)

Turnover

Medium turnover

59.0% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 5.9 quarters, but 10.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 89.0%; sector active share 51.8% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

366 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

75.6%

+63.4 pts

Top 5

88.3%

+59.0 pts

Top 10

92.6%

+47.8 pts

HHI

5,769

Highly concentrated+5,439

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	77.0%	$643,598,077	42
Unclassified	16.4%	$136,825,293	141
Consumer Cyclical	2.8%	$23,049,235	19
Consumer Defensive	1.4%	$11,363,614	17
Financial Services	1.3%	$10,865,646	32
Energy	0.4%	$3,714,785	19
Industrials	0.3%	$2,542,455	33
Healthcare	0.2%	$1,453,264	26
Communication Services	0.2%	$1,385,142	14
Basic Materials	0.1%	$609,490	11
Real Estate	0.0%	$135,668	8
Utilities	0.0%	$40,921	4

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
MELI	Mercadolibre Inc	+953,946	954,175	$1,074,448
NU	Nu Holdings Ltd.	+378,835	954,175	$1,074,448
ASML	Asml Holding NV	+317,245	317,500	$631,647,168
KHC	Kraft Heinz Co	+234,526	267,700	$10,130
PICK	iShares MSCI Global Metals & Mining Producers ETF	+137,530	146,915	$125,081
ORCL	Oracle Corp	+126,233	131,300	$772,319
VO	VANGUARD MID-CAP INDEX FUND	+98,325	131,100	$4,995
NDAQ	Nasdaq, Inc.	+94,016	176,840	$788
APP	AppLovin Corp	+78,455	80,000	$3,607
VUG	VANGUARD GROWTH INDEX FUND	+63,509	76,287	$6,571,362
PANW	Palo Alto Networks Inc	+57,461	64,852	$2,360,199
ET	Energy Transfer LP	+56,100	170,700	$8,976
BSX	Boston Scientific Corp	+55,450	60,950	$602
IYW	iShares, Inc.	+43,745	45,680	$943,340
NAD	Nuveen Quality Municipal Income Fund	+43,000	525,720	$1,156,915
ISRG	Intuitive Surgical Inc	+38,791	46,182	$143,960
V	Visa Inc.	+31,419	36,848	$1,879,790
RIO	Rio Tinto PLC	+25,745	26,000	$297,795
BBH	VanEck Biotech ETF	+25,325	46,965	$7,113
IJH	iShares Core S&P Mid-Cap ETF	+19,442	206,251	$8,894
BXMT	Blackstone Mortgage Trust, Inc.	+17,770	421,760	$12,975
EPD	Enterprise Products Partners L.P.	+17,050	69,550	$2,556,658
STWD	Starwood Property Trust, Inc.	+16,685	205,080	$10,567
BABA	Alibaba Group Holding Ltd	+16,575	188,066	$18,050,574
ETHA	iShares Ethereum Trust ETF	+11,910	22,995	$273,410
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SLQD	iShares 0-5 Year Investment Grade Corporate Bond ETF	−572,960	2,380	$119,880
CAT	Caterpillar Inc	−487,590	13,350	$68,154
WBX	Wallbox N.V.	−479,370	3,350	$12,797
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	−390,482	13,508	$96,030
CAH	Cardinal Health Inc	−275,664	55	$13,065
ILF	iShares Latin America 40 ETF	−182,584	5,811	$196,121
CRWD	CrowdStrike Holdings, Inc.	−121,899	161	$122,865
PH	Parker-Hannifin Corp	−101,175	24	$23,474
PFE	Pfizer Inc	−78,280	221,436	$326
INTC	Intel Corp	−73,604	120,681	$8,618
BAB	Invesco Exchange-Traded Fund Trust II	−52,812	10,750	$50,996
PYPL	PayPal Holdings, Inc.	−51,840	660	$28,498
JTEK	JPMorgan U.S. Tech Leaders ETF	−31,415	1,360	$151,710
LTPZ	PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund	−25,490	2,770	$140,300
SHEL	Shell plc	−24,290	710	$55,053
MRNA	Moderna, Inc.	−24,019	75,981	$11,345
BWMX	Betterware De Mexico, S.A.P.I. De C.V	−20,745	2,100	$37,779
FDX	Fedex Corp	−19,365	67,797	$71,640
MUB	iShares National Muni Bond ETF	−19,250	10,750	$50,996
IYH	iShares U.S. Healthcare ETF	−18,525	2,800	$187,628
FEZ	State Street(R) SPDR(R) EURO STOXX 50(R) ETF	−15,000	141,277	$1,484,750
CRSP	CRISPR Therapeutics AG	−12,485	15	$818
ONON	On Holding AG	−11,957	543	$19,233
FLOT	iShares Floating Rate Bond ETF	−11,640	3,600	$183,780
CRM	Salesforce, Inc.	−11,472	23,753	$161,046
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
OWL	Blue Owl Capital Inc.	131,300	$1,148,875
WBD	Warner Bros. Discovery, Inc.	36,848	$982,367
TRGP	Targa Resources Corp.	1,370	$367,351
WDC	Western Digital Corp	3,300	$348,102
TGT	Target Corp	73,040	$331,749
TUA	Simplify Short Term Treasury Futures Strategy ETF	15,240	$311,277
STX	Seagate Technology Holdings plc	6,000	$250,900
SPHQ	Invesco S&P 500 Quality ETF	2,415	$217,591
ITA	iShares U.S. Aerospace & Defense ETF	870	$210,905
JPIE	JPMorgan Income ETF	4,480	$206,304
NOW	ServiceNow, Inc.	2,053	$203,821
SMH	VanEck Semiconductor ETF	309	$202,670
PYLD		7,375	$195,585
DTM	DT Midstream, Inc.	1,275	$187,093
VUSB	VANGUARD ULTRA-SHORT BOND ETF	3,220	$160,291
VAW	VANGUARD MATERIALS INDEX FUND	21,325	$160,153
EWW	iShares MSCI Mexico ETF	2,100	$158,067
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	2,000	$158,060
ABBV	AbbVie Inc.	10,263	$143,938
LNG	Cheniere Energy, Inc.	550	$131,455
QUAL	iShares MSCI USA Quality Factor ETF	575	$126,172
SPMO	Invesco Ltd.	760	$122,770
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	2,640	$119,697
EZU	iShares Trust	1,681	$116,829
BKNG	Booking Holdings Inc.	650	$115,856
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
WTW	Willis Towers Watson PLC	191,120	$55,558,584
BLK	BlackRock, Inc.	57,167	$54,978,075
HOOD	Robinhood Markets, Inc.	166,105	$11,511,076
—		149,042	$10,073,748
XOM	ExxonMobil Holdings Corp	45,954	$7,796,555
DVY	iShares Select Dividend ETF	45,680	$6,916,408
ACN	Accenture plc	317,500	$6,877,050
AIQ	Global X Artificial Intelligence & Technology ETF	131,000	$6,113,770
GEHC	GE HealthCare Technologies Inc.	79,014	$5,624,216
OIH	VanEck Oil Services ETF	12,778	$5,164,995
—		186,809	$4,935,493
BIIB	Biogen Inc.	23,915	$4,384,336
DLR	Digital Realty Trust, Inc.	24,129	$4,348,287
CNM	Core & Main, Inc.	87,162	$4,305,802
SAP	Sap SE	25,000	$4,280,250
AON	Aon plc	12,630	$4,076,711
IBKR	Interactive Brokers Group, Inc.	60,627	$4,066,252
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	26,975	$3,954,804
PUI	Victory Portfolios II	65,905	$3,098,194
TEVA	Teva Pharmaceutical Industries Ltd	101,080	$3,044,529
NLR	VanEck Uranium and Nuclear ETF	20,405	$2,717,741
HPQ	Hp Inc	137,138	$2,634,420
A	Agilent Technologies, Inc.	20,000	$2,279,600
FXE	Invesco CurrencyShares Euro Trust	20,351	$2,171,248
VIG	Vanguard Specialized Funds	8,943	$1,923,281
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

366 tracked positions · $835,583,590 total · filing declares 266 positions · $948,404,977 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 366 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
ASML	Asml Holding NV Technology	Added	317,500	+317,245	$631,647,168	+187437.6%	3	$1,591.30	75.59%
EWJ	iShares MSCI Japan ETF	Reduced	265,683	-257	$24,780,253	+10.4%	26+	before history	2.97%
IJR	iShares Core S&P Small-Cap ETF	Added	155,764	+6,722	$23,101,358	+24.7%	26+	before history	2.76%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Added	188,066	+16,575	$18,050,574	−16.1%	7	$97.43	2.16%
AAXJ	iShares Trust	Held	101,080	0	$12,061,876	+23.9%	26+	before history	1.44%
VXUS	Vanguard Total International Stock ETF	Added	109,854	+11,723	$9,391,418	+24.1%	7	$64.26	1.12%
PEP	Pepsico Inc Consumer Defensive	Added	64,852	+200	$8,780,960	−12.5%	26+	before history	1.05%
IAU	Ishares Gold Trust	Added	94,545	+4,740	$7,139,092	−9.8%	17	$48.33	0.85%
VUG	VANGUARD GROWTH INDEX FUND	Added	76,287	+63,509	$6,571,362	+17.7%	7	unpriced	0.79%
VSS	VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND	Added	29,016	+3,258	$4,476,878	+19.2%	26+	before history	0.54%
VTV	VANGUARD VALUE INDEX FUND	Reduced	20,282	-123	$4,420,056	+10.4%	7	unpriced	0.53%
UDN	Invesco Db US Dollar Index Bearish Fund	Held	242,200	0	$4,325,692	−0.8%	3	$18.45	0.52%
MU	Micron Technology Inc Technology	Reduced	3,231	-2,289	$3,729,510	+100.0%	3	$229.44	0.45%
JEPI	JPMorgan Equity Premium Income ETF	Held	45,680	0	$2,580,006	−0.4%	3	$57.10	0.31%
EPD	Enterprise Products Partners L.P. Energy	Added	69,550	+17,050	$2,556,658	+28.7%	12	$31.42	0.31%
PANW	Palo Alto Networks Inc Technology	Added	64,852	+57,461	$2,360,199	+99.2%	9	unpriced	0.28%
GLD	Spdr Gold Trust	Reduced	6,293	-92	$2,318,215	−15.6%	5	$312.02	0.28%
IWD	iShares Russell 1000 Value ETF	Reduced	9,348	-92	$2,266,235	+12.4%	26+	before history	0.27%
IBIT	iShares Bitcoin Trust ETF	Added	61,914	+880	$2,061,117	−12.1%	7	$50.95	0.25%
V	Visa Inc. Financial Services	Added	36,848	+31,419	$1,879,790	+14.6%	5	unpriced	0.22%
PPA	Victory Portfolios II	Added	10,480	+1,480	$1,851,292	+24.1%	3	$156.61	0.22%
		Reduced	7,298	-57	$1,796,840	+18.7%	7	$192.77	0.22%
BXSL	Blackstone Secured Lending Fund Financial Services	Held	71,550	0	$1,696,450	+0.1%	12	$29.56	0.20%
CPNG	Coupang, Inc. Consumer Cyclical	Added	91,275	+10,740	$1,585,446	+4.3%	21	$29.74	0.19%
XLF	State Street Corp Financial Services	Reduced	28,912	-4,926	$1,549,972	−7.2%	7	$48.98	0.19%
FEZ	State Street(R) SPDR(R) EURO STOXX 50(R) ETF	Reduced	141,277	-15,000	$1,484,750	−84.7%	5	$57.18	0.18%
TM	Toyota Motor Corp Consumer Cyclical	Held	8,185	0	$1,378,517	−18.3%	26+	before history	0.16%
SONO	Sonos Inc Technology	Held	100,000	0	$1,353,000	+1.0%	12	$13.39	0.16%
EPP	iShares MSCI Pacific ex Japan ETF	Held	25,000	0	$1,331,500	+0.2%	3	$51.06	0.16%
IJS	iShares S&P Small-Cap 600 Value ETF	Reduced	9,469	-95	$1,294,222	+14.2%	26+	before history	0.15%
NAD	Nuveen Quality Municipal Income Fund Financial Services	Added	525,720	+43,000	$1,156,915	−79.2%	7	unpriced	0.14%
OWL	Blue Owl Capital Inc. Financial Services	NEW	131,300	NEW	$1,148,875	NEW	1	$9.50	0.14%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	2,260	+134	$1,079,308	+50.2%	10	$182.01	0.13%
MELI	Mercadolibre Inc Consumer Cyclical	Added	954,175	+953,946	$1,074,448	+171.4%	7	unpriced	0.13%
NU	Nu Holdings Ltd. Financial Services	Added	954,175	+378,835	$1,074,448	−87.0%	16	unpriced	0.13%
CMI	Cummins Inc Industrials	Added	1,500	+1,095	$1,069,815	+391.0%	3	$607.18	0.13%
WMT	Walmart Inc. Consumer Defensive	Added	101,203	+4	$982,368	−92.2%	22	unpriced	0.12%
WBD	Warner Bros. Discovery, Inc. Communication Services	NEW	36,848	NEW	$982,367	NEW	1	$27.05	0.12%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	51,606	+3,873	$972,523	−93.6%	7	unpriced	0.12%
VOO	VANGUARD 500 INDEX FUND	Added	1,416	+56	$972,522	+19.7%	7	unpriced	0.12%
VPL	VANGUARD PACIFIC STOCK INDEX FUND	Reduced	8,274	-131	$957,219	+16.5%	26+	before history	0.11%
EEM	iShares MSCI Emerging Markets ETF	Held	13,900	0	$950,899	+20.5%	12	$42.26	0.11%
IYW	iShares, Inc.	Added	45,680	+43,745	$943,340	+168.7%	12	unpriced	0.11%
EFA	iShares MSCI EAFE ETF	Reduced	9,032	-1,838	$938,244	−11.1%	26+	before history	0.11%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Reduced	3,728	-1,225	$905,866	−15.8%	7	unpriced	0.11%
DXJ	WisdomTree Japan Hedged Equity Fund	Held	5,200	0	$902,304	+9.4%	26+	before history	0.11%
SHY	iShares 1-3 Year Treasury Bond ETF	Added	10,936	+6,222	$897,954	+130.7%	3	unpriced	0.11%
COST	Costco Wholesale Corp Consumer Defensive	Added	934	+15	$873,728	−4.6%	16	$822.02	0.10%
ORCL	Oracle Corp Technology	Added	131,300	+126,233	$772,319	+3.6%	5	unpriced	0.09%
IXJ	iShares Global Healthcare ETF	Added	6,981	+4,079	$686,790	+153.0%	3	unpriced	0.08%

Showing the top 50 of 366 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.