GFS Advisors

GFS Advisors as of June 30, 2011

Portfolio Holdings for GFS Advisors

GFS Advisors holds 76 positions in its portfolio as reported in the June 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 $8.9M 67k 131.97
General Electric Company 5.9 $6.9M 365k 18.86
Toyota Motor Corporation (TM) 4.4 $5.2M 63k 82.42
Bank of America Corporation (BAC) 4.1 $4.9M 443k 10.96
American Express Company (AXP) 4.0 $4.7M 91k 51.70
SPDR Dow Jones Industrial Average ETF (DIA) 3.8 $4.5M 36k 123.82
Procter & Gamble Company (PG) 3.5 $4.1M 65k 63.57
Wal-Mart Stores (WMT) 3.4 $4.0M 75k 53.14
China Mobile 3.4 $4.0M 85k 46.78
Merck & Co (MRK) 3.3 $3.9M 111k 35.29
Johnson & Johnson (JNJ) 2.6 $3.1M 47k 66.52
Petroleo Brasileiro SA (PBR) 2.4 $2.8M 83k 33.86
Cisco Systems (CSCO) 2.4 $2.8M 179k 15.61
Hewlett-Packard Company 2.3 $2.7M 76k 36.39
Pepsi (PEP) 2.2 $2.5M 36k 70.42
Microsoft Corporation (MSFT) 2.1 $2.5M 96k 26.00
Intel Corporation (INTC) 2.0 $2.4M 109k 22.16
Sony Corporation (SONY) 1.9 $2.2M 85k 26.39
Telefonica (TEF) 1.7 $2.0M 80k 24.49
At&t (T) 1.5 $1.8M 58k 31.41
Unilever 1.5 $1.8M 53k 32.85
Spdr Index Shs Fds stoxx eur 50 etf (SPEU) 1.5 $1.7M 48k 36.18
Gerdau SA (GGB) 1.4 $1.6M 152k 10.52
Waste Management (WM) 1.3 $1.6M 42k 37.27
Cemex SAB de CV (CX) 1.3 $1.6M 180k 8.60
Companhia Siderurgica Nacional (SID) 1.2 $1.4M 114k 12.46
iShares S&P 100 Index (OEF) 1.2 $1.4M 24k 58.73
Ternium (TX) 1.2 $1.4M 46k 29.54
Vodafone 1.1 $1.4M 51k 26.72
Vanguard Growth ETF (VUG) 1.1 $1.3M 21k 64.70
Financial Select Sector SPDR (XLF) 1.1 $1.3M 85k 15.35
Illinois Tool Works (ITW) 1.0 $1.2M 21k 56.47
Vanguard FTSE All-World ex-US ETF (VEU) 1.0 $1.1M 23k 49.82
Manpower (MAN) 0.9 $1.1M 21k 53.64
iShares S&P GSCI Commodity-Indexed (GSG) 0.9 $1.0M 30k 34.10
Banco Santander (SAN) 0.8 $993k 86k 11.51
Goldman Sachs (GS) 0.8 $945k 7.1k 133.10
Vanguard Large-Cap ETF (VV) 0.8 $939k 16k 60.58
Kellogg Company (K) 0.8 $913k 17k 55.33
Us Natural Gas Fd Etf 0.8 $904k 82k 11.02
Crane 0.7 $850k 17k 49.42
PowerShares QQQ Trust, Series 1 0.7 $843k 15k 57.02
PowerShares DB Com Indx Trckng Fund 0.7 $811k 28k 28.96
iShares MSCI Austria Investable Mkt (EWO) 0.7 $792k 35k 22.76
iShares FTSE/Xinhua China 25 Index (FXI) 0.7 $761k 18k 42.96
iShares S&P Europe 350 Index (IEV) 0.6 $732k 17k 42.07
Exxon Mobil Corporation (XOM) 0.5 $598k 7.4k 81.36
Home Depot (HD) 0.5 $580k 16k 36.25
Johnson Controls 0.5 $556k 13k 41.65
Research In Motion 0.5 $551k 19k 28.85
SPDR S&P MidCap 400 ETF (MDY) 0.5 $541k 3.1k 177.38
iShares MSCI Germany Index Fund (EWG) 0.5 $524k 20k 26.87
Honda Motor (HMC) 0.4 $521k 14k 38.59
iShares MSCI Singapore Index Fund 0.4 $476k 35k 13.74
iShares MSCI Japan Index 0.4 $456k 44k 10.43
Pfizer (PFE) 0.4 $445k 22k 20.58
Kraft Foods 0.4 $423k 12k 35.25
Novartis (NVS) 0.4 $422k 6.9k 61.16
Oil Service HOLDRs 0.4 $418k 2.8k 152.00
Total (TTE) 0.3 $411k 7.1k 57.89
Lowe's Companies (LOW) 0.3 $411k 18k 23.29
Starbucks Corporation (SBUX) 0.3 $395k 10k 39.50
Technology SPDR (XLK) 0.3 $364k 14k 25.72
Citigroup (C) 0.3 $354k 8.5k 41.65
Vale (VALE) 0.3 $302k 9.5k 31.96
SPDR Gold Trust (GLD) 0.3 $304k 2.1k 146.22
Barclays Bank Plc etn djubsalumi38 (JJUFF) 0.2 $299k 9.1k 32.86
America Movil Sab De Cv spon adr l 0.2 $261k 4.9k 53.81
Comcast Corporation (CMCSA) 0.2 $243k 9.6k 25.31
iShares MSCI Brazil Index (EWZ) 0.2 $249k 3.4k 73.24
ProShares UltraShort Yen 0.2 $250k 17k 15.15
Alcoa 0.2 $227k 14k 15.87
iShares MSCI EAFE Index Fund (EFA) 0.2 $229k 3.8k 60.26
Google 0.2 $228k 450.00 506.67
iShares Silver Trust (SLV) 0.2 $203k 6.0k 33.83
Gruma S.A.B. de C.V. 0.1 $162k 20k 8.27