GFS ADVISORS, LLC Information

1330 POST OAK BLVD, SUITE 2100, HOUSTON, Texas, 77056, (713) 968-0400

Report Date: 03/31/2014

Position Statistics

Total Positions 109
New Positions 17
Increased Positions 66
Decreased Positions 14
Positions with Activity 80
Sold Out Positions 2
Total Mkt Value (in $ millions) 279

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 2.04%
Capital Goods 10.03%
Conglomerates
Consumer Cyclical 1.54%
Consumer/Non-Cyclical 9.23%
Energy 7.1%
Financial 48.12%
Healthcare 4.04%
Services 10.61%
Technology 7.26%
Transportation
Utilities

109 Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
CEMEX SAB DE CV SPON ADR NEW 16,384 New 1,265,142
BANK OF AMERICA CORPORATION COM 12,569 266 2.16 806,201
APPLE INC COM 11,804 2,219 23.15 120,855
GENERAL ELECTRIC CO COM 10,887 716 7.04 422,132
AMERICA MOVIL SAB DE CV SPON ADR L SHS 10,074 7,148 244.28 420,275
SPDR DOW JONES INDL AVRG ETF UT SER 1 8,853 2,326 35.64 52,334
SPDR S&P 500 ETF TR TR UNIT 7,566 New 38,265
ROYAL DUTCH SHELL PLC SPONS ADR A 7,491 -304 (3.9) 91,360
EXXON MOBIL CORP COM 7,259 3,704 104.21 70,350
DEERE & CO COM 7,247 3,645 101.20 84,100
TELEFONICA S A SPONSORED ADR 7,021 263 3.89 427,846
BERKSHIRE HATHAWAY INC DEL CL B NEW 6,269 New 49,150
ISHARES MSCI JAPAN ETF 6,126 6,126 New 505,000
COCA COLA CO COM 5,801 5,324 1,116.51 141,480
BANCO SANTANDER SA ADR 5,420 462 9.31 530,358
VANGUARD INDEX FDS TOTAL STK MKT 5,115 541 11.84 50,076
JOHNSON & JOHNSON COM 4,835 3,237 202.56 47,350
PEPSICO INC COM 4,813 2,197 83.99 52,575
CHINA MOBILE LIMITED SPONSORED ADR 4,588 1,997 77.08 84,290
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 4,449 599 15.55 99,083