GFS Advisors

GFS Advisors as of March 31, 2012

Portfolio Holdings for GFS Advisors

GFS Advisors holds 70 positions in its portfolio as reported in the March 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spdr S&p 500 Etf (SPY) 9.0 $7.8M 56k 140.81
General Electric Company 7.6 $6.6M 327k 20.07
Walgreen Company 4.7 $4.0M 120k 33.49
Bank of America Corporation (BAC) 4.6 $3.9M 412k 9.57
American Express Company (AXP) 4.0 $3.5M 61k 57.87
Pepsi (PEP) 3.7 $3.2M 48k 66.34
Johnson & Johnson (JNJ) 3.0 $2.6M 40k 65.96
Procter & Gamble Company (PG) 2.9 $2.5M 37k 67.20
Cisco Systems (CSCO) 2.5 $2.1M 100k 21.15
Telefonica 2.4 $2.1M 128k 16.41
Petroleo Brasileiro SA (PBR) 2.3 $2.0M 74k 26.56
SPDR Dow Jones Industrial Average ETF (DIA) 2.2 $1.9M 15k 131.80
Hewlett-Packard Company 2.2 $1.9M 80k 23.83
At&t (T) 2.1 $1.8M 58k 31.22
Berkshire Hathaway (BRK.B) 2.0 $1.7M 21k 81.17
Gerdau SA (GGB) 2.0 $1.7M 178k 9.63
Sony Corporation (SONY) 1.8 $1.6M 75k 20.78
Spdr Index Shs Fds stoxx eur 50 etf (SPEU) 1.7 $1.5M 46k 32.02
iShares S&P 100 Index (OEF) 1.7 $1.4M 23k 64.03
China Mobile 1.6 $1.4M 25k 55.10
Companhia Siderurgica Nacional (SID) 1.6 $1.4M 146k 9.46
Financial Select Sector SPDR (XLF) 1.6 $1.4M 86k 15.80
Vale (VALE) 1.5 $1.3M 54k 23.32
Goldman Sachs (GS) 1.4 $1.2M 9.7k 124.35
Illinois Tool Works (ITW) 1.4 $1.2M 21k 57.10
Vanguard FTSE All-World ex-US ETF (VEU) 1.3 $1.1M 25k 44.24
PowerShares QQQ Trust, Series 1 1.3 $1.1M 16k 67.54
Ternium (TX) 1.2 $1.0M 43k 23.69
Vanguard Large-Cap ETF (VV) 1.2 $999k 16k 64.45
Cemex SAB de CV (CX) 1.1 $978k 126k 7.76
Manpower (MAN) 1.1 $969k 21k 47.38
Kellogg Company (K) 1.0 $885k 17k 53.64
Toyota Motor Corporation (TM) 1.0 $880k 10k 86.82
iShares MSCI EAFE Index Fund (EFA) 1.0 $861k 16k 54.92
Siemens (SIEGY) 1.0 $857k 8.5k 100.82
Crane 1.0 $834k 17k 48.49
Microsoft Corporation (MSFT) 0.9 $795k 25k 32.23
Merck & Co (MRK) 0.9 $783k 20k 38.38
Lowe's Companies (LOW) 0.8 $698k 22k 31.37
iShares MSCI Emerging Markets Indx (EEM) 0.8 $683k 16k 42.94
Potash Corp. Of Saskatchewan I 0.8 $667k 15k 45.68
Unilever 0.8 $656k 19k 34.02
PowerShares DB Com Indx Trckng Fund 0.7 $609k 21k 28.79
Vanguard Growth ETF (VUG) 0.7 $568k 8.0k 70.95
Honda Motor (HMC) 0.6 $519k 14k 38.44
Oil Service HOLDRs 0.6 $518k 13k 40.63
SPDR S&P MidCap 400 ETF (MDY) 0.6 $515k 2.9k 180.70
Waste Management (WM) 0.6 $504k 14k 34.94
iShares MSCI Germany Index Fund (EWG) 0.6 $489k 21k 23.29
iShares Russell 1000 Value Index (IWD) 0.6 $476k 6.8k 70.13
iShares FTSE/Xinhua China 25 Index (FXI) 0.5 $466k 13k 36.65
Johnson Controls 0.5 $434k 13k 32.51
Vanguard Emerging Markets ETF (VWO) 0.5 $402k 9.2k 43.49
Banco Santander (SAN) 0.5 $386k 50k 7.66
iShares S&P Europe 350 Index (IEV) 0.4 $368k 9.9k 37.36
Apple (AAPL) 0.4 $351k 585.00 600.00
Pfizer (PFE) 0.4 $338k 15k 22.65
Citigroup (C) 0.4 $311k 8.5k 36.59
iShares Russell 1000 Growth Index (IWF) 0.3 $264k 4.0k 66.13
iShares S&P MidCap 400 Index (IJH) 0.3 $258k 2.6k 99.15
iShares S&P NA Nat. Re. Sc. Idx (IGE) 0.3 $258k 6.5k 39.44
iShares MSCI Brazil Index (EWZ) 0.3 $252k 3.9k 64.62
Barclays Bank Plc etn djubsalumi38 (JJUFF) 0.3 $238k 9.1k 26.15
Total 0.3 $237k 4.6k 51.08
Technology SPDR (XLK) 0.3 $231k 7.7k 30.20
iShares MSCI EAFE Value Index (EFV) 0.2 $216k 4.6k 46.95
Gruma S.A.B. de C.V. 0.2 $211k 20k 10.77
iShares MSCI Pacific ex-Japan Idx (EPP) 0.2 $205k 4.7k 43.62
Alcoa 0.2 $193k 19k 10.00
New York Times Company (NYT) 0.1 $94k 14k 6.76