GFS Advisors, LLC

CIK 1427263 · View on SEC EDGAR ↗

Portfolio value
$948.4M
#2,543 of 9,443 by 13F value · top 26.9%
Positions
266
As of
June 30, 2026

Portfolio value QoQ: -23.4% 13F does not disclose cash

Top 10 holdings weight
36.61%
Top 25 holdings weight
61.28%
Positions above 1%
33
Effective number of positions
44.5

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 42.07% Est. buys $651,335,692 · sells $459,788,588

Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 66.2% still held

New positions
145
Increased
50
Decreased
42
Closed
114
On this page

Sector breakdown

Technology
11.7%
Healthcare
11.4%
Industrials
11.3%
Energy
7.7%
Retail
3.7%
Financial Services
3.7%
Logistics & Transportation
3.2%
Utilities
1.5%
Consumer Discretionary
1.3%
Financials
1.2%
Consumer Staples
1.2%
Consumer products
1.2%
Materials
0.4%
Communication Services
0.3%
Telecommunication
0.2%
Real Estate
0.1%
Communications
0.0%
Other/Unmapped
39.8%

Full portfolio 266 positions

Type Streak 8Q trend
CAH Cardinal Health, Inc. Common Stock $76,777,103 8.10% 55 Down ×1
HEI Heico Corporation Common Stock $42,793,476 4.51% 250 Up ×1
SPYD $36,033,146 3.80% 150 Up ×1
UPS United Parcel Service, Inc. Common Stock $30,720,624 3.24% 511 Up ×1
EFA $30,004,502 3.16% 9,032 $28,948,699 Down ×2
MU Micron Technology, Inc. - Common Stock $28,342,263 2.99% 3,231 $26,477,386 Down ×2
EC Ecopetrol S.A. American Depositary Shares $27,884,004 2.94% 2,200 Up ×1
DT Dynatrace, Inc. Common Stock $26,728,144 2.82% 79 Up ×1
EWJ $24,780,253 2.61% 265,683 $2,324,279 Down ×5
IJS $23,101,359 2.44% 9,469 $21,968,503 Down ×2
FERG Ferguson Enterprises Inc. Common Stock $21,229,199 2.24% 18 Up ×1
VRNS Varonis Systems, Inc. - Common Stock $20,871,276 2.20% 125 Up ×1
VTV $19,096,284 2.01% 20,282 $15,092,823 Down ×2
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $18,050,575 1.90% 188,066 $-3,464,686 Up ×2
SIZE $16,961,599 1.79% 20 Up ×1
ITRI Itron, Inc. - Common Stock $16,850,717 1.78% 396 Up ×1
IWD $16,205,980 1.71% 9,348 $14,188,935 Down ×2
IJR $15,904,015 1.68% 155,764 $-2,623,396 Up ×1
DTM DT Midstream, Inc. Common Stock $13,699,152 1.44% 1,275 Up ×1
WDEF $13,007,854 1.37% 1,497 Up ×1
PBR Petroleo Brasileiro S.A. Petrobras ADS $12,747,778 1.34% 1,500 Up ×1
NOW ServiceNow, Inc. Common Stock $12,626,376 1.33% 2,053 Up ×1
HD Home Depot, Inc. (The) Common Stock $12,447,816 1.31% 200 Down ×1
OGN Organon & Co. Common Stock $12,304,334 1.30% 1,267 Up ×1
AAXJ iShares MSCI All Country Asia ex Japan ETF $12,061,876 1.27% 101,080 $2,328,883
SHY iShares 1-3 Year Treasury Bond ETF $11,937,222 1.26% 10,936 $11,547,987 Up ×2
KKR KKR & Co. Inc. Common Stock $11,728,843 1.24% 790 Up ×1
EPD Enterprise Products Partners L.P. Common Stock $11,462,267 1.21% 69,550 $9,475,667 Up ×1
MTUM $10,691,471 1.13% 123 Up ×1
VOO $10,562,727 1.11% 1,416 $9,750,059 Up ×1
MS Morgan Stanley Common Stock $10,152,914 1.07% 440 Up ×1
IEV $9,702,904 1.02% 2,383 Down ×3
CWEN Clearway Energy, Inc. Class C Common Stock $9,521,647 1.00% 50 Up ×1
ARCC Ares Capital Corporation - Closed End Fund $9,391,418 0.99% 3,065 Up ×1
PGR Progressive Corporation (The) Common Stock $8,780,961 0.93% 100 Up ×1
BUD Anheuser-Busch Inbev SA Sponsored ADR (Belgium) $7,956,550 0.84% 2,760 $7,080,407 Down ×3
KMB Kimberly-Clark Corporation - Common Stock $7,877,196 0.83% 77 Up ×1
WBX Wallbox N.V. Class A Ordinary Shares $7,508,748 0.79% 3,350 Down ×1
CTA $7,148,832 0.75% 815 Up ×1
IBIT iShares Bitcoin Trust ETF $7,139,093 0.75% 61,914 $4,794,167 Up ×6
CGC Canopy Growth Corporation - Common Shares $6,659,693 0.70% 27 Up ×1
VXF $6,571,362 0.69% 7,298 $5,057,703 Down ×2
VBR $6,464,034 0.68% 3,728 $5,387,995 Down ×2
MLI Mueller Industries, Inc. Common Stock $6,427,702 0.68% 44 Up ×1
NMB $6,371,726 0.67% 1,070 Up ×1
KMI Kinder Morgan, Inc. Common Stock $6,323,074 0.67% 2,775 Up ×1
VSS $5,827,409 0.61% 29,016 $2,072,150 Up ×1
NTLA Intellia Therapeutics, Inc. - Common Stock $5,815,143 0.61% 130 Up ×1
PH Parker-Hannifin Corporation Common Stock $5,332,179 0.56% 24 Down ×1
SYNA Synaptics Incorporated - Common Stock $4,948,960 0.52% 30 Up ×1
PHIN PHINIA Inc. Common Stock $4,886,924 0.52% 474 Up ×1
IHE IHE $4,727,055 0.50% 270 Down ×1
Unknown issuer (CUSIP: 77926X320) $4,534,345 0.48% 1,311 Up ×1
VXUS Vanguard Total International Stock ETF $4,476,879 0.47% 109,854 $-3,090,002 Up ×1
VUG $4,420,056 0.47% 76,287 $-1,161,247 Up ×1
IREN IREN Limited - Ordinary Shares $4,325,692 0.46% 30 Up ×1
FICO Fair Isaac Corporation Common Stock $3,845,348 0.41% 200 $3,631,840
NEE NextEra Energy, Inc. Common Stock $3,729,511 0.39% 30 Up ×1
XLF XLF $3,500,480 0.37% 28,912 $1,829,898 Down ×2
VNQ $3,359,210 0.35% 1,235 $3,008,135 Down ×2
CALY Callaway Golf Company Common Stock $3,189,688 0.34% 760 Up ×1
UDN $2,993,732 0.32% 242,200 $-1,365,868
CVCO Cavco Industries, Inc. - Common Stock $2,790,027 0.29% 10 Up ×1
BWXT BWX Technologies, Inc. Common Stock $2,601,346 0.27% 125 Up ×1
JEPQ JPMorgan Nasdaq Equity Premium Income ETF $2,580,006 0.27% 740 Up ×1
OPENZ Opendoor Technologies Inc - Series Z Warrants, each whole warrant exercisable to purchase one share of Common Stock at an exercise price of $17.00 per warrant $2,556,658 0.27% 83 Up ×1
XHS $2,408,882 0.25% 75 Up ×1
DHR Danaher Corporation Common Stock $2,373,030 0.25% 520
PEP PepsiCo, Inc. - Common Stock $2,360,199 0.25% 64,852 $-7,679,610 Up ×1
ZM Zoom Communications, Inc. - Class A Common Stock $2,322,410 0.24% 526 Up ×1
IAU $2,318,215 0.24% 94,545 $-5,598,994 Up ×1
IWM $2,266,236 0.24% 253 Up ×1
EZU $2,209,545 0.23% 1,681 Up ×1
AG First Majestic Silver Corp. Ordinary Shares (Canada) $2,104,120 0.22% 2,010 Up ×1
IGE $2,061,117 0.22% 8,588 $1,513,665 Down ×2
JPIE $2,056,593 0.22% 4,480 Up ×1
WBD Warner Bros. Discovery, Inc. - Series A Common Stock $1,879,790 0.20% 36,848
QUAL $1,851,292 0.20% 575 Up ×1
WTAI $1,796,841 0.19% 10 Up ×1
CIBR First Trust NASDAQ Cybersecurity ETF $1,781,852 0.19% 6,641 $1,357,571 Down ×1
GLD $1,734,973 0.18% 6,293 $-1,012,429 Down ×1
MSDL Morgan Stanley Direct Lending Fund Common Stock $1,696,451 0.18% 2,900 Up ×1
CPNG Coupang, Inc. Class A Common Stock $1,585,447 0.17% 91,275 $64,946 Up ×2
XLI XLI $1,549,972 0.16% 55 Up ×1
BRKR Bruker Corporation - Common Stock $1,539,030 0.16% 10 Up ×1
BXSL Blackstone Secured Lending Fund Common Shares of Beneficial Interest $1,531,860 0.16% 71,550 $-163,160
EEM $1,491,812 0.16% 13,900 $702,431
FEZ $1,484,750 0.16% 141,277 $-8,216,926 Down ×2
REGN Regeneron Pharmaceuticals, Inc. - Common Stock $1,445,058 0.15% 18 Up ×1
UMC United Microelectronics Corporation (NEW) Common Stock $1,414,439 0.15% 1,370 Up ×1
TM Toyota Motor Corporation Common Stock $1,378,518 0.15% 8,185 $-308,329
Unknown issuer (CUSIP: 88160R901) $1,372,370 0.14% 250 Up ×1
SYM Symbotic Inc. - Class A Common Stock $1,353,000 0.14% 150 Up ×1
EPP $1,331,500 0.14% 25,000 $3,000
ITA ITA $1,294,223 0.14% 870 Up ×1
PTC PTC Inc. - Common Stock $1,290,137 0.14% 18 Up ×1
LULU lululemon athletica inc. - Common Stock $1,226,270 0.13% 140 Up ×1
IYH $1,171,280 0.12% 2,800 Down ×1
NAD Nuveen Quality Municipal Income Fund Common Stock $1,156,915 0.12% 525,720 $-4,394,365 Up ×1
PCT PureCycle Technologies, Inc. - Common stock $1,148,875 0.12% 2,000 Down ×2

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
IBIT $7,139,093 0.75% up ×6
INDA $533,313 0.06% up ×3
PG $16,220 0.00% up ×6
MSFT $11,345 0.00% up ×3
NFLX $788 0.00% up ×3
XLE $254 0.00% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
CAH $76,777,103 55 8.10%
HEI $42,793,476 250 4.51%
SPYD $36,033,146 150 3.80%
UPS $30,720,624 511 3.24%
EC $27,884,004 2,200 2.94%
DT $26,728,144 79 2.82%
FERG $21,229,199 18 2.24%
VRNS $20,871,276 125 2.20%
SIZE $16,961,599 20 1.79%
ITRI $16,850,717 396 1.78%
DTM $13,699,152 1,275 1.44%
WDEF $13,007,854 1,497 1.37%
PBR $12,747,778 1,500 1.34%
NOW $12,626,376 2,053 1.33%
HD $12,447,816 200 1.31%

Top movers (QoQ)

Security Action Shares Δ Value Δ
VTV Trimmed -123 +$15.1M
PEP Bought more +200 -$7.7M

38 positions hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
CRWD June 30, 2026 122,060 $35,099,684 5.1%
CNM June 30, 2026 87,162 $31,045,313 -5.1%
NDAQ June 30, 2026 82,824 $30,789,822 23.9%
SPY March 31, 2025 51,472 $30,167,000 No longer tracked
FDX March 31, 2025 95,456 $26,855,000 38.5%
WTW June 30, 2026 191,120 $26,445,274 28.4%
GOOGL March 31, 2025 133,780 $25,325,000 121.1%
CAT June 30, 2026 500,940 $20,864,151 -24.0%
MSFT March 31, 2025 49,359 $20,805,000 28.7%
ARKK June 30, 2026 149,042 $18,527,411 No longer tracked
HOOD June 30, 2026 166,105 $15,970,996 -6.9%
BBH June 30, 2026 21,640 $14,135,464 23.6%
ARKG June 30, 2026 186,809 $12,615,212 No longer tracked
BLK June 30, 2026 57,167 $11,827,885 21.4%
JPM March 31, 2025 48,516 $11,630,000 47.4%
AMZN March 31, 2026 224,512 $11,400,000 24.9%
IBKR June 30, 2026 60,627 $10,573,349 2.8%
CRM June 30, 2026 35,225 $10,104,644 28.8%
TEVA June 30, 2026 101,080 $9,732,993 10.4%
GEHC June 30, 2026 79,014 $9,504,594 17.1%
FXU June 30, 2026 15,276 $9,421,626 No longer tracked
CVX March 31, 2025 62,526 $9,056,000 23.8%
ULXXXX Dec. 31, 2025 134,665 $7,982,941 No longer tracked
XOM June 30, 2026 45,954 $7,796,556 22.8%
ULXXXX March 31, 2025 136,782 $7,756,000 No longer tracked
VGSH June 30, 2026 403,990 $7,736,409
HPQ June 30, 2026 137,138 $7,243,629 38.3%
DLR June 30, 2026 24,129 $7,097,787 7.6%
FEZ March 31, 2025 145,720 $7,016,000 No longer tracked
GOOG March 31, 2025 36,739 $6,997,000 118.5%
ACN June 30, 2026 317,500 $6,877,050 44.9%
RSP March 31, 2025 36,676 $6,427,000 No longer tracked
OIH June 30, 2026 12,778 $5,581,303 No longer tracked
BAB June 30, 2026 63,562 $4,773,506 No longer tracked
PUI June 30, 2026 65,905 $4,037,340
NLR June 30, 2026 20,405 $4,003,461 No longer tracked
DIA June 30, 2026 8,094 $3,749,060 No longer tracked
TV March 31, 2025 2,142,590 $3,600,000 57.1%
KHC March 31, 2025 111,075 $3,411,000 -16.5%
T March 31, 2025 149,270 $3,399,000 -10.4%
FXF June 30, 2026 6,385 $2,747,402 No longer tracked
JEPI Sept. 30, 2025 46,630 $2,651,000 No longer tracked
DVY June 30, 2026 45,680 $2,589,142
QBTS June 30, 2026 114,600 $2,211,780 No longer tracked
VIG June 30, 2026 8,943 $2,173,864 No longer tracked
CGBD June 30, 2026 40,600 $2,029,594 7.5%
SHEL March 31, 2025 31,876 $1,997,000 27.5%
PYPL June 30, 2026 52,500 $1,986,600 42.8%
FXE June 30, 2026 20,351 $1,867,611 No longer tracked
BIIB June 30, 2026 23,915 $1,855,565 1.2%
LDOS June 30, 2026 11,611 $1,698,457 41.2%
SONY June 30, 2026 8,185 $1,686,847 17.9%
AIQ June 30, 2026 131,000 $1,676,800
OKLO June 30, 2026 5,429 $1,640,861 -22.1%
V June 30, 2026 5,429 $1,640,861 7.3%
XLV June 30, 2026 26,975 $1,636,034 No longer tracked
V March 31, 2025 5,094 $1,610,000 5.1%
PAVE June 30, 2026 7,355 $1,513,659 No longer tracked
GLD March 31, 2025 5,826 $1,411,000 No longer tracked
MRNA June 30, 2026 100,000 $1,340,000 92.7%
F March 31, 2026 100,000 $1,312,000 24.0%
TV March 31, 2026 447,000 $1,300,770 -5.5%
OBDC March 31, 2026 101,985 $1,267,674 4.0%
ISRG June 30, 2026 7,391 $1,184,925 1.2%
PANW June 30, 2026 7,391 $1,184,925 5.3%
ICLN March 31, 2025 102,136 $1,162,000
EQNR June 30, 2026 1,922 $1,161,638 34.7%
LMT June 30, 2026 1,922 $1,161,638 18.5%
MMM March 31, 2026 7,200 $1,152,720 26.2%
ARKW June 30, 2026 9,564 $1,132,856 No longer tracked
SBUX March 31, 2025 12,255 $1,118,000 9.8%
IYK June 30, 2026 4,953 $1,076,039 No longer tracked
SBUX Dec. 31, 2025 12,255 $1,036,773 28.0%
CHAT June 30, 2026 8,000 $1,024,960 No longer tracked
IWP June 30, 2026 8,000 $1,024,960 No longer tracked
LTRX June 30, 2026 7,820 $1,007,060 4.3%
QCOM June 30, 2026 7,820 $1,007,060 -12.5%
SAP June 30, 2026 25,000 $991,750 39.3%
CX March 31, 2025 166,427 $939,000 92.5%
DELL June 30, 2026 5,500 $902,715 1.0%
CGBD March 31, 2025 49,700 $891,000 -30.0%
AON June 30, 2026 12,630 $876,143 5.4%
IWO March 31, 2025 3,000 $863,000 No longer tracked
FXI June 30, 2026 8,405 $821,421 No longer tracked
KBWB June 30, 2026 1,360 $812,668
EFV March 31, 2025 15,336 $805,000 No longer tracked
SLYV June 30, 2026 8,252 $780,474 No longer tracked
IONQ June 30, 2026 5,067 $745,406 -20.6%
ORCL June 30, 2026 5,067 $745,406 -5.0%
PICK June 30, 2026 9,385 $735,878 No longer tracked
RACE June 30, 2026 20,000 $728,200 13.1%
WBD Dec. 31, 2025 37,252 $727,532 -0.6%
SSYS June 30, 2026 2,126 $718,482 -0.6%
BROS June 30, 2026 1,200 $686,532 -30.0%
DDS June 30, 2026 1,200 $686,532 12.8%
DHR Sept. 30, 2025 3,245 $641,000 6.0%
HON June 30, 2026 5,809 $628,824 0.8%
NEM June 30, 2026 5,809 $628,824 33.5%
DVY Dec. 31, 2025 4,033 $573,089
A June 30, 2026 20,000 $562,200 16.2%
KRE Dec. 31, 2025 8,800 $557,040 No longer tracked
EUAD June 30, 2026 7,076 $526,101 No longer tracked
AGG June 30, 2026 5,200 $516,204 No longer tracked
UBER June 30, 2026 6,500 $467,545 5.3%
AVGO June 30, 2026 1,509 $467,051 -4.3%
IGPT June 30, 2026 13,710 $461,479 No longer tracked
GS June 30, 2026 543 $459,373 0.8%
MTBA June 30, 2026 9,110 $450,581 No longer tracked
ONON June 30, 2026 12,500 $427,271 -11.8%
GWX March 31, 2025 13,578 $421,000 No longer tracked
FISV June 30, 2026 6,365 $420,026 7.5%
MO June 30, 2026 6,365 $420,026 -8.9%
CODI March 31, 2025 17,500 $404,000 -36.5%
MELI June 30, 2026 229 $395,946 7.2%
MUSA March 31, 2026 978 $394,643 16.2%
AVGO March 31, 2025 1,684 $390,000 116.0%
VEA March 31, 2025 8,159 $390,000 No longer tracked
ABBV March 31, 2026 1,698 $387,976 22.0%
EQIX June 30, 2026 420 $386,303 2.3%
LLY June 30, 2026 420 $386,303 7.4%
TOST Dec. 31, 2025 10,000 $365,100 0.6%
TOST March 31, 2025 10,000 $365,000 7.7%
IYW June 30, 2026 1,935 $351,048 No longer tracked
MSI June 30, 2026 2,328 $349,200 15.4%
STZ June 30, 2026 2,328 $349,200 -5.5%
ASML June 30, 2026 255 $336,812 -11.0%
RIO June 30, 2026 255 $336,812 4.8%
WFC June 30, 2026 4,150 $330,382 5.5%
ICLR June 30, 2026 6,700 $322,806 0.0%
SNY June 30, 2026 6,700 $322,806 7.7%
GWX June 30, 2026 7,296 $308,110 No longer tracked
FXE March 31, 2025 3,222 $308,000 No longer tracked
XLG March 31, 2026 5,100 $302,328 No longer tracked
RSPU June 30, 2026 3,660 $300,047 No longer tracked
XLP June 30, 2026 3,660 $300,047 No longer tracked
GLOB June 30, 2026 26,000 $293,281 37.6%
CNH June 30, 2026 7,840 $288,120 -8.9%
CVS March 31, 2026 3,600 $285,696 33.2%
HYG Dec. 31, 2025 3,507 $284,733 No longer tracked
IGF June 30, 2026 4,200 $281,400
YBTC June 30, 2026 4,200 $281,400 No longer tracked
ETSY June 30, 2026 550 $274,813 8.9%
MA June 30, 2026 550 $274,813 13.2%
PAAS June 30, 2026 2,313 $274,368 10.4%
SHOP June 30, 2026 2,313 $274,368 29.9%
IXJ June 30, 2026 2,902 $271,453 No longer tracked
ALLY June 30, 2026 6,600 $258,918 -4.8%
DHR March 31, 2026 1,130 $258,680 10.9%
IBB June 30, 2025 1,959 $251,000 68.4%
XLG March 31, 2025 5,000 $250,000 No longer tracked
HAS June 30, 2025 3,950 $243,000 28.1%
LMAT June 30, 2026 441 $242,118 -13.0%
PWR June 30, 2026 441 $242,118 -6.6%
SAP March 31, 2025 979 $241,000 -20.0%
NVO March 31, 2025 2,786 $240,000 -32.4%
PYPL March 31, 2025 2,790 $238,000 -5.5%
PFF March 31, 2026 7,400 $229,104
BLSH June 30, 2026 327 $222,726 11.8%
CW June 30, 2026 327 $222,726 -10.3%
SHY Sept. 30, 2025 2,677 $222,000
FISV March 31, 2025 1,078 $221,000 -76.1%
HPQ March 31, 2025 6,781 $221,000 9.6%
AIV June 30, 2026 405 $217,898 -11.1%
CMI June 30, 2026 405 $217,898 -14.7%
TUA June 30, 2025 9,450 $208,000 No longer tracked
APP June 30, 2026 1,545 $203,940 -40.0%
COP June 30, 2026 1,545 $203,940 26.2%
JQUA June 30, 2026 641 $200,133 No longer tracked
VIS June 30, 2026 641 $200,133 No longer tracked
ETHA June 30, 2026 11,085 $175,476
EWC June 30, 2026 11,085 $175,476 No longer tracked
IGR June 30, 2025 30,800 $159,000 -11.3%
IRM June 30, 2026 11,350 $130,185 -1.8%
HLN March 31, 2025 10,025 $96,000 -3.7%
TELFY March 31, 2026 12,666 $51,297 No longer tracked