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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 (2016Q4)
Portfolio Summary: 137 holdings with a total value of $474,676,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 CEMEX SAB DE CV 7,432,506 59,683,000 12.57%
2 BANK AMER CORP 1,657,427 36,629,000 7.72%
3 GENERAL ELECTRIC CO 717,954 22,688,000 4.78%
4 SPDR S&P 500 ETF TR 68,288 15,265,000 3.22%
5 APPLE INC 128,925 14,933,000 3.15%
6 BANCO BILBAO VIZCAYA ARGENTA 1,989,219 13,467,000 2.84%
7 SPDR DOW JONES INDL AVRG ETF 66,208 13,077,000 2.75%
8 FOMENTO ECONOMICO MEXICANO S 158,600 12,087,000 2.55%
9 SPDR INDEX SHS FDS 355,312 11,889,000 2.50%
10 JOHNSON & JOHNSON 87,192 10,045,000 2.12%
11 Gen Motors Co 272,827 9,505,000 2.00%
12 AMERICAN EXPRESS CO 121,097 8,971,000 1.89%
13 VANGUARD INTL EQUITY INDEX F 237,735 8,506,000 1.79%
14 VANGUARD ADMIRAL FDS INC 74,600 8,149,000 1.72%
15 ROYAL DUTCH SHELL PLC 146,586 7,971,000 1.68%
16 PEPSICO INC 75,555 7,905,000 1.67%
17 TELEFONICA SA ADR SPONSORED 857,227 7,886,000 1.66%
18 BANCO SANTANDER SA ADR SPONSORED 1,296,602 6,717,000 1.42%
19 TOTAL S A 128,867 6,568,000 1.38%
20 PROCTER AND GAMBLE CO 75,638 6,360,000 1.34%
21 VANGUARD INDEX FDS 30,950 6,354,000 1.34%
22 VANGUARD INDEX FDS 49,097 5,662,000 1.19%
23 VODAFONE GROUP PLC NEW 221,621 5,414,000 1.14%
24 CITIGROUP INC 90,383 5,372,000 1.13%
25 CVS HEALTH CORP 67,500 5,327,000 1.12%
26 PROSHARES TR ULTRAPRO QQQ 39,600 5,038,000 1.06%
27 UNILEVER N V 117,280 4,816,000 1.01%
28 MICROSOFT CORP 76,047 4,726,000 1.00%
29 DIREXION SHARES TRUST DRX S&P500BULL ETF 41,900 4,515,000 0.95%
30 INTEL CORP 104,400 3,787,000 0.80%
31 VANGUARD INDEX FDS 32,927 3,671,000 0.77%
32 BERKSHIRE HATHAWAY INC DEL 22,168 3,613,000 0.76%
33 JPMORGAN CHASE & CO 39,345 3,395,000 0.72%
34 POWERSHARES QQQ TRUST 26,483 3,138,000 0.66%
35 America Movil SAB de CV Sp ADR 244,374 3,072,000 0.65%
36 ISHARES TR 27,235 3,051,000 0.64%
37 ISHARES TR S&P 100 ETF 30,175 2,996,000 0.63%
38 VANGUARD INDEX FDS 35,593 2,937,000 0.62%
39 AMAZON COM INC 3,885 2,913,000 0.61%
40 ISHARES 109,049 2,888,000 0.61%
41 PFIZER INC 84,107 2,732,000 0.58%
42 SELECT SECTOR SPDR TR 32,397 2,637,000 0.56%
43 Sanofi Aventis ADR 59,500 2,406,000 0.51%
44 GRUPO TELEVISA SA-SPON ADR 115,065 2,404,000 0.51%
45 COCA COLA CO 57,801 2,396,000 0.50%
46 MERCK & CO INC 39,651 2,334,000 0.49%
47 SPDR GOLD TR 20,977 2,299,000 0.48%
48 VANGUARD INTL EQUITY INDEX F 51,967 2,296,000 0.48%
49 ISHARES TR 39,233 2,265,000 0.48%
50 VANGUARD TAX-MANAGED FDS 61,868 2,261,000 0.48%
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Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001427263-17-000001, filed 2017.02.09).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.