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Portfolio (Quarterly) Guide ↗

GFS Advisors, LLC

· CIK 0001427263
13F Portfolio $785M AUM 160 positions Filed May 11, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 8 New 25 Added 82 Reduced 21 Exited
Page 2 of 5  ·  82 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 MRK MERCK & CO INC Healthcare 79,014.0 $9.5M 1.21% -448.0 -0.6% $120.29 -5.3%
22 MDY STATE STR SPDR S&P MIDCAP 40 Financial Services 15,276.0 $9.4M 1.20% -352.0 -2.2% $616.76 +12.0%
23 VO VANGUARD INDEX FDS 32,775.0 $9.4M 1.20% -170.0 -0.5% $287.18 -72.1%
24 PFE PFIZER INC Healthcare 299,716.0 $8.4M 1.07% -96K -24.2% $28.08 -10.2%
25 IAU ISHARES GOLD TR Financial Services 89,805.0 $7.9M 1.01% -15K -14.2% $88.16 -10.0%
26 BXMT BLACKSTONE MORTGAGE TRUST IN Real Estate 403,990.0 $7.7M 0.99% -9K -2.3% $19.15 -5.5%
27 VXUS VANGUARD STAR FDS 98,131.0 $7.6M 0.96% -10K -9.1% $77.11 +12.5%
28 NKE NIKE INC Consumer Cyclical 137,138.0 $7.2M 0.92% -2K -1.6% $52.82 -14.4%
29 META META PLATFORMS INC Communication Services 11,522.0 $6.6M 0.84% -666.0 -5.5% $572.13 +0.9%
30 VUG VANGUARD INDEX FDS 12,778.0 $5.6M 0.71% -313.0 -2.4% $436.79 -80.1%
31 VEU VANGUARD INTL EQUITY INDEX F 63,562.0 $4.8M 0.61% -11K -15.2% $75.10 +13.1%
32 VSS VANGUARD INTL EQUITY INDEX F 25,758.0 $3.8M 0.48% -2K -8.2% $145.79 +8.1%
33 DIA STATE STR SPDR DOW JONES IND Financial Services 8,094.0 $3.7M 0.48% -154.0 -1.9% $463.19 +11.3%
34 SLV ISHARES SILVER TR Financial Services 53,056.0 $3.6M 0.46% -17K -24.4% $68.14 -12.7%
35 STWD STARWOOD PPTY TR INC Real Estate 188,395.0 $3.2M 0.41% -18K -8.9% $17.22 -3.0%
36 JEPI J P MORGAN EXCHANGE TRADED F 45,680.0 $2.6M 0.33% -1K -2.5% $56.68 -1.0%
37 WM WASTE MGMT INC DEL Industrials 10,250.0 $2.4M 0.30% -450.0 -4.2% $229.79 -6.6%
38 ADBE ADOBE INC Technology 8,943.0 $2.2M 0.28% -11K -54.8% $243.08 -19.7%
39 IWD ISHARES TR 9,440.0 $2.0M 0.26% -3K -26.2% $213.67 +13.3%
40 GDX VANECK ETF TRUST 20,351.0 $1.9M 0.24% -8K -29.4% $91.77 -10.1%
Page 2 of 5  ·  82 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 20.4%
Communication Services 19.2%
Consumer Cyclical 13.1%
Technology 12.4%
Healthcare 9.7%
Industrials 7.2%
Consumer Defensive 6.1%
Energy 5.0%
Basic Materials 4.5%
Real Estate 2.4%