Q2 2026 13F · SEC CIK 1427263

GFS Advisors, LLC

Asset managerFiled 2026-08-04 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $948.4M
Reported positions: 266
Top holdings a year, 3 yrs: +20.0%
Assets under management: $3.8B

GFS Advisors, LLC is an asset manager that reported 266 positions worth $948.4M in its Q2 2026 13F, filed 2026-08-04. Its largest holdings were Byline Bancorp Inc (BY, 8.1%), Alphabet Inc (GOOGL, 4.5%), State Str Spdr S&p 500 ETF T (SPY, 3.8%). A portfolio copying its top holdings returned 20.0% a year over the last 3 years, against 20.4% for the S&P 500.

GFS Advisors, LLC holdings largest 50 of 266 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

GFS Advisors, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
BYByline Bancorp Inc	8.1%	—	55	—	$76.8M
GOOGLAlphabet Inc	4.5%	3.4%	250	-99.7%	$42.8M
SPYState Str Spdr S&p 500 ETF T	3.8%	—	150	—	$36.0M
TSLATesla Inc	3.2%	—	511	—	$30.7M
ACWIIshares Tr	3.2%	—	9,032	—	$30.0M
MSFTMicrosoft Corp	3.0%	—	3,231	—	$28.3M
VWOVanguard Intl Equity Index F	2.9%	—	2,200	—	$27.9M
DISDisney Walt Co	2.8%	1.4%	79	-99.8%	$26.7M
EWJIshares Inc	2.6%	—	265,683	—	$24.8M
IJRIshares Tr	2.4%	—	9,469	—	$23.1M
FDXFedex Corp	2.2%	—	18	—	$21.2M
UNHUnitedhealth Group Inc	2.2%	—	125	—	$20.9M
VTIVanguard Index Fds	2.0%	—	20,282	—	$19.1M
BABAAlibaba Group Hldg Ltd	1.9%	2.7%	188,066	+9.7%	$18.1M
RSPInvesco Exchange Traded Fd T	1.8%	—	20	—	$17.0M
INTCIntel Corp	1.8%	—	396	—	$16.9M
IVVIshares Tr	1.7%	—	9,348	—	$16.2M
IJHIshares Tr	1.7%	2.0%	155,764	+94.6%	$15.9M
DOWDow Hldgs Inc	1.4%	—	1,275	—	$13.7M
VGKVanguard Ftse Europe ETF	1.4%	1.5%	1,497	-99.0%	$13.0M
NUNu Hldgs Ltd	1.3%	—	1,500	—	$12.7M
NFLXNetflix Inc.	1.3%	—	2,053	—	$12.6M
GOOGAlphabet Inc	1.3%	—	200	—	$12.4M
NVDANvidia Corporation	1.3%	2.0%	1,267	-97.8%	$12.3M
AAXJIshares Tr Msci Ac Asia ETF	1.3%	—	101,080	—	$12.1M
SHVIshares Tr	1.3%	3.2%	10,936	-97.6%	$11.9M
JNJJohnson & Johnson	1.2%	1.3%	790	-98.8%	$11.7M
WMTWalmart Inc	1.2%	—	69,550	—	$11.5M
MDYState Str Spdr S&p Midcap 40	1.1%	2.0%	123	-99.7%	$10.7M
VOVanguard Index Fds	1.1%	—	1,416	—	$10.6M
MRKMerck & Co Inc	1.1%	—	440	—	$10.2M
FEZSpdr Index Shs Fds	1.0%	—	2,383	—	$9.7M
CVXChevron Corporation	1.0%	—	50	—	$9.5M
VXUSVanguard Star Fds	1.0%	—	3,065	—	$9.4M
PEPPepsico Inc	0.9%	—	100	—	$8.8M
BBVXFBanco Bilbao Vizcaya Argenta	0.8%	—	2,760	—	$8.0M
JPMJpmorgan Chase & Co	0.8%	1.1%	77	-100.0%	$7.9M
ULUnilever PLC	0.8%	—	3,350	—	$7.5M
BXMTBlackstone Mortgage Trust	0.8%	—	815	—	$7.1M
IAUIshares Gold Tr	0.8%	—	61,914	—	$7.1M
69608A908Palantir Technologies Inc	0.7%	—	27	—	$6.7M
VUGVanguard Index Fds	0.7%	—	7,298	—	$6.6M
VBVanguard Index Fds	0.7%	—	3,728	—	$6.5M
METAMeta Platforms Inc	0.7%	—	44	—	$6.4M
NADNuveen Quality Muncp Income	0.7%	1.0%	1,070	-98.9%	$6.4M
KHCKraft Heinz Co	0.7%	0.6%	2,775	-91.6%	$6.3M
VEUVanguard Intl Equity Index F	0.6%	—	29,016	—	$5.8M
NKENike Inc	0.6%	—	130	—	$5.8M
PFEPfizer Inc	0.6%	—	24	—	$5.3M
SPCXSpace Exploration Techn Corp	0.5%	—	30	—	$4.9M

What GFS Advisors, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +32.7% /yr; S&P 500 +20.1%
3 years: +20.0% /yr; S&P 500 +20.4%
5 years: +11.6% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$948.4M	266
Q1 2026	$784.7M	159
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

Questions about GFS Advisors, LLC's portfolio

What stocks does GFS Advisors, LLC own?

GFS Advisors, LLC's latest 13F, for Q2 2026 and filed Aug 4, 2026, lists 266 positions worth $948.4M. The largest are Byline Bancorp Inc (BY) at 8.1%, Alphabet Inc (GOOGL) at 4.5%, State Str Spdr S&p 500 ETF T (SPY) at 3.8%, Tesla Inc (TSLA) at 3.2% and Ishares Tr (ACWI) at 3.2%.

What did GFS Advisors, LLC buy last quarter?

In Q2 2026, GFS Advisors, LLC added Ishares Tr (IJH) (+94.6% shares) and Alibaba Group Hldg Ltd (BABA) (+9.7% shares), compared with its Q1 2026 filing.

What did GFS Advisors, LLC sell last quarter?

In Q2 2026, GFS Advisors, LLC cut from its top 50 Crowdstrike Hldgs Inc (CRWD), cut from its top 50 Core & Main Inc (CNM), cut from its top 50 Nasdaq Inc (NDAQ), cut from its top 50 Ishares Tr (IWD), cut from its top 50 Cardinal Health Inc (CAH), Jpmorgan Chase & Co (JPM) (-100.0% shares), Disney Walt Co (DIS) (-99.8% shares) and State Str Spdr S&p Midcap 40 (MDY) (-99.7% shares), compared with its Q1 2026 filing.

How has GFS Advisors, LLC's portfolio performed?

A portfolio copying GFS Advisors, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +20.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +32.7% against +20.1%. Over 5 years: +11.6% a year against +11.6%.

When is GFS Advisors, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. GFS Advisors, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does GFS Advisors, LLC manage?

GFS Advisors, LLC reported $3.8B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $948.4M.