Dark
Light
System
Institutional Investment Manager
GFS Advisors, LLC
GFS Advisors, LLC (CIK: 0001427263), located at 1330 Post Oak Blvd, Suite 2100, Houston, TX. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q3)
Original 13F HR (0001427263-15-000004) filed in 2015.11.13
#
Name
Shares
Value ($)
%
Options
Notes
101 AMERICAN EXPRESS CO 74,825 5,547 1.92%
102 DEUTSCHE BANK AG 76,162 2,053 0.71%
103 PROSHARES TR II 76,880 1,873 0.65%
104 ROYAL DUTCH SHELL PLC 77,077 3,653 1.26%
105 ISHARES 84,674 2,095 0.72%
106 WISDOMTREE TR 94,038 5,139 1.78%
107 INTEL CORP 111,676 3,366 1.16%
108 DBX ETF TR 122,300 3,056 1.06%
109 AT&T INC 144,462 4,707 1.63%
110 COMPANHIA SIDERURGICA NACION 145,500 139 0.05%
111 GENERAL MTRS CO 148,386 4,455 1.54%
112 SPDR INDEX SHS FDS 163,504 5,535 1.91%
113 PETROLEO BRASILEIRO SAPETROBRA 176,050 766 0.26%
114 GERDAU S A 177,900 244 0.08%
115 VANGUARD INTL EQUITY INDEX F 190,730 6,311 2.18%
116 VALE S A 228,256 959 0.33%
117 Ishares - Japan 262,130 2,996 1.04%
118 TELEFONICA S A 368,271 4,434 1.53%
119 JOHNSON CTLS INTL PLC 371,793 15,377 5.32%
120 BANCO BILBAO VIZCAYA ARGENTA 400,160 3,349 1.16%
121 GENERAL ELECTRIC CO 421,646 10,634 3.68%
122 BANCO SANTANDER SA 584,293 3,085 1.07%
123 BANK AMER CORP 896,979 13,975 4.83%
124 CEMEX SAB DE CV 1,948,978 13,623 4.71%
Page 3 of 3