GFS Advisors

GFS Advisors as of Sept. 30, 2011

Portfolio Holdings for GFS Advisors

GFS Advisors holds 79 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spdr S&p 500 Etf (SPY) 7.6 $7.8M 69k 113.14
General Electric Company 5.5 $5.7M 373k 15.22
Pepsi (PEP) 4.5 $4.7M 76k 61.90
Toyota Motor Corporation (TM) 4.2 $4.3M 64k 68.26
Procter & Gamble Company (PG) 4.2 $4.3M 69k 63.18
Merck & Co (MRK) 3.6 $3.7M 114k 32.70
SPDR Dow Jones Industrial Average ETF (DIA) 3.6 $3.7M 34k 108.94
Johnson & Johnson (JNJ) 2.9 $3.0M 47k 63.68
Cisco Systems (CSCO) 2.9 $3.0M 191k 15.50
American Express Company (AXP) 2.8 $2.9M 64k 44.89
Bank of America Corporation (BAC) 2.7 $2.8M 458k 6.12
Wal-Mart Stores (WMT) 2.6 $2.7M 52k 51.90
China Mobile 2.5 $2.5M 52k 48.71
Petroleo Brasileiro SA (PBR) 2.1 $2.1M 96k 22.45
Hewlett-Packard Company 2.0 $2.0M 91k 22.45
iShares FTSE/Xinhua China 25 Index (FXI) 2.0 $2.0M 66k 30.83
Telefonica (TEF) 1.8 $1.9M 97k 19.12
Sony Corporation (SONY) 1.8 $1.8M 95k 19.00
Berkshire Hathaway (BRK.B) 1.7 $1.8M 25k 71.03
Lowe's Companies (LOW) 1.6 $1.7M 88k 19.34
Exxon Mobil Corporation (XOM) 1.6 $1.7M 23k 72.62
At&t (T) 1.6 $1.6M 58k 28.52
Microsoft Corporation (MSFT) 1.6 $1.6M 65k 24.89
Intel Corporation (INTC) 1.4 $1.5M 69k 21.33
Waste Management (WM) 1.3 $1.4M 42k 32.55
FedEx Corporation (FDX) 1.3 $1.3M 20k 67.69
Spdr Index Shs Fds stoxx eur 50 etf (SPEU) 1.2 $1.3M 46k 27.89
Gerdau SA (GGB) 1.2 $1.3M 178k 7.13
Ternium (TX) 1.2 $1.2M 59k 20.83
iShares S&P 100 Index (OEF) 1.2 $1.2M 24k 51.44
Vanguard Growth ETF (VUG) 1.2 $1.2M 22k 55.96
Companhia Siderurgica Nacional (SID) 1.1 $1.2M 146k 7.94
Vodafone 1.0 $1.0M 41k 25.66
Total (TTE) 1.0 $1.0M 24k 43.88
Financial Select Sector SPDR (XLF) 1.0 $1.0M 86k 11.81
Goldman Sachs (GS) 0.9 $912k 9.7k 94.51
Kellogg Company (K) 0.8 $878k 17k 53.21
Vanguard FTSE All-World ex-US ETF (VEU) 0.8 $879k 23k 38.72
Illinois Tool Works (ITW) 0.8 $861k 21k 41.59
Vanguard Large-Cap ETF (VV) 0.8 $801k 16k 51.68
PowerShares QQQ Trust, Series 1 0.8 $776k 15k 52.49
Siemens (SIEGY) 0.7 $763k 8.5k 89.76
Manpower (MAN) 0.7 $688k 21k 33.64
Crane 0.6 $614k 17k 35.70
Unilever 0.6 $607k 19k 31.48
iShares S&P Europe 350 Index (IEV) 0.6 $607k 19k 31.86
Cemex SAB de CV (CX) 0.6 $599k 190k 3.16
Home Depot (HD) 0.5 $526k 16k 32.88
iShares MSCI Germany Index Fund (EWG) 0.5 $515k 28k 18.26
Banco Santander (SAN) 0.5 $484k 60k 8.04
PowerShares DB Com Indx Trckng Fund 0.5 $463k 18k 25.72
Apple (AAPL) 0.4 $433k 1.1k 381.50
SPDR S&P MidCap 400 ETF (MDY) 0.4 $433k 3.1k 141.97
Pfizer (PFE) 0.4 $412k 23k 17.66
Novartis (NVS) 0.4 $415k 7.5k 55.70
Research In Motion 0.4 $410k 20k 20.30
iShares MSCI Japan Index 0.4 $413k 44k 9.45
Honda Motor (HMC) 0.4 $394k 14k 29.19
Starbucks Corporation (SBUX) 0.4 $384k 10k 37.28
iShares MSCI Singapore Index Fund 0.4 $381k 35k 10.99
Johnson Controls 0.3 $352k 13k 26.37
Technology SPDR (XLK) 0.3 $334k 14k 23.60
Us Natural Gas Fd Etf 0.3 $323k 36k 9.01
Oil Service HOLDRs 0.3 $284k 2.8k 103.27
iShares MSCI Emerging Markets Indx (EEM) 0.2 $249k 7.1k 35.08
ProShares UltraShort Yen 0.2 $248k 18k 13.78
Barclays Bank Plc etn djubsalumi38 (JJUFF) 0.2 $248k 9.1k 27.25
Google 0.2 $242k 470.00 514.89
America Movil Sab De Cv spon adr l 0.2 $224k 10k 22.07
Vale (VALE) 0.2 $225k 9.9k 22.84
Kraft Foods 0.2 $217k 6.5k 33.64
iShares MSCI EAFE Index Fund (EFA) 0.2 $213k 4.5k 47.72
SPDR Gold Trust (GLD) 0.2 $218k 1.4k 158.09
Citigroup (C) 0.2 $218k 8.5k 25.65
Comcast Corporation (CMCSA) 0.2 $201k 9.6k 20.94
Banco Santander (BSBR) 0.2 $179k 25k 7.31
Alcoa 0.1 $137k 14k 9.58
Gruma S.A.B. de C.V. 0.1 $139k 20k 7.09
New York Times Company (NYT) 0.1 $81k 14k 5.83