13F-HR 1 gfsa13f1q2013.txt Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2013 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: GFS Advisors, LLC Address: 1330 Post Oak Blvd., Suite 2100 Houston, TX 77056 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Keith Roberts Title: Chief Compliance Officer Phone: 713-968-0449 Signature, Place, and Date of Signing: /s/ Keith Roberts, Houston, TX, May 14, 2013 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 90 Form13F Information Table Value Total: $162403 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all Institutional managers with respect to which this report is filed, other than the manager filing this report. FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ALCOA INC. COM 013817101 153 17900 SH Sole 17900 AMERICAN EXPRESS COM 025816109 2918 43250 SH Sole 43250 APPLE COM 037833100 4181 9445 SH Sole 9445 AT & T COM 00206R102 1739 47400 SH Sole 47400 BANK OF AMERICA COM 060505104 8407 690266 SH Sole 690266 BERKSHIRE HATHAWAY 'B' COM 084670702 4705 45150 SH Sole 45150 CATERPILLAR COM 149123101 1742 20025 SH Sole 20025 CITIGROUP INC. (USD) COM 172967424 276 6250 SH Sole 6250 CRANE CO COM 224399105 961 17200 SH Sole 17200 DU PONT E I DE NEMOURS COM 263534109 1013 20600 SH Sole 20600 EXXON MOBIL CORPORATION COM 30231g102 653 7250 SH Sole 7250 FREEPORT MCMORAN COPPER COM 35671D857 639 19300 SH Sole 19300 GENERAL ELECTRIC COM 369604103 8476 366600 SH Sole 366600 GOOGLE 'A' COM 38259P508 635 800 SH Sole 800 HEWLETT-PACKARD COM 428236103 1761 73870 SH Sole 73870 INTEL COM 458140100 879 40250 SH Sole 40250 JOHNSON & JOHNSON COM 478160104 4219 51750 SH Sole 51750 JP MORGAN COM 46625H100 693 14600 SH Sole 14600 MANPOWER INC COM 56418H100 1160 20450 SH Sole 20450 MC DONALDS CORP CMN COM 580135101 2727 27350 SH Sole 27350 MERCK & CO COM 58933Y105 3229 73050 SH Sole 73050 MICROSOFT COM 594918104 3597 125736 SH Sole 125736 NEW YORK TIMES COM 650111107 123 12600 SH Sole 12600 OFFICE DEPOT COM 676220106 43 11000 SH Sole 11000 PEABODY ENERGY COM 704549104 275 13000 SH Sole 13000 PEPSICO COM 713448108 2403 30375 SH Sole 30375 PFIZER COM 717081103 469 16250 SH Sole 16250 PROCTER & GAMBLE CO COM 742718109 3289 42682 SH Sole 42682 WAL MART STORES INC CMN COM 931142103 1826 24400 SH Sole 24400 WALGREEN COM 931422109 7004 146900 SH Sole 146900 WASTE MGT COM 94106l109 249 6350 SH Sole 6350 CONSUMER DISCRE FUND COM 81369Y407 1611 30400 SH Sole 30400 ISHARES RUSSELL 1000 GR IN COM 464287614 292 4093 SH Sole 4093 ISHARES RUSSELL 1000 VAL IN COM 464287598 2239 27581 SH Sole 27581 ISHARES RUSSELL 2000 INDEX COM 464287655 631 6686 SH Sole 6686 ISHARES S&P 100 INDEX COM 464287101 1113 15800 SH Sole 15800 ISHARES S&P MIDCAP 400 IN COM 464287507 1336 11606 SH Sole 11606 ISHARES S&P SMALLCAP 600 VAL COM 464287879 1090 12121 SH Sole 12121 QQQQ INDEX COM 73935A104 1180 17104 SH Sole 17104 SELECT SECTOR SPDR COM 81369Y605 1064 58460 SH Sole 58460 SPDR DOW JONES INDEX COM 78467X109 2567 17663 SH Sole 17663 SPDR S&P 500 INDEX COM 78462F103 5439 34715 SH Sole 34715 SPDR S&P MIDCAP 400 ETF COM 78467Y107 666 3175 SH Sole 3175 ULTRA S&P500 PROSHARES COM 74347R107 2744 37600 SH Sole 37600 VANGUARD LARGE CAP COM 922908637 1112 15500 SH Sole 15500 VANGUARD OVERALL US MKT COM 922908769 3110 38409 SH Sole 38409 VANGUARD S&P COMPLETION COM 922908652 1153 16888 SH Sole 16888 VANGUARD US PRIME MKT GR COM 922908736 2228 28739 SH Sole 28739 ISHARES S&P NA NAT RES M.F. 464287374 791 19506 SH Sole 19506 VANGUARD U.S. REIT M.F. 922908553 615 8724 SH Sole 8724 DB COMMODITY INDX COM 73935S105 1180 43211 SH Sole 43211 SPDR GOLD TRUST ETF COM 78463V107 1605 10390 SH Sole 10390 US NATURAL GAS FD COM 912318110 253 11558 SH Sole 11558 BGF GLOBAL ALLOC A2 COM l1049h415 874 19281 SH Sole 19281 ISHARES MSCI EAFE SMALLCAP COM 464288273 847 19270 SH Sole 19270 ISHARES MSCI EAFE VALUE COM 464288877 954 19189 SH Sole 19189 ISHARES TRUST-MSCI EAFE INDEX COM 464287465 1784 30244 SH Sole 30244 SPDR INTL SMALL CAP ETF COM 78463X871 386 12600 SH Sole 12600 VANGUARD ALL WORLD INDX COM 922042775 1628 35124 SH Sole 35124 VANGUARD MSCI PACIFIC COM 922042866 1105 19049 SH Sole 19049 VANGUARD SMALLCAP VALUE COM 922908611 1061 12914 SH Sole 12914 ISHARES MSCI EMERGING MKTS COM 464287234 1753 40989 SH Sole 40989 VANGUARD FTSE EM COM 922042858 2498 58239 SH Sole 58239 TECK COMINCO ADR ADR 878742204 491 17450 SH Sole 17450 POTASH CORP OF SASKATCHEWAN COM 73755l107 285 7250 SH Sole 7250 BANCO BILBAO VIZCAYA ADR ADR 05946K101 255 29068 SH Sole 29068 BANCO SANTANDER ADR ADR 05964H105 1845 270960 SH Sole 270960 ROYAL DUTCH SHELL 'B' ADR ADR 780259107 538 8050 SH Sole 8050 TELEFONICA SA ADR ADR 879382208 4902 362849 SH Sole 362849 VODAFONE GROUP ADR ADR 92857w209 2101 73950 SH Sole 73950 BGF EMRG EUROPE A2 COM l1049f658 309 2592 SH Sole 2592 ISHARES S&P EUROPE 350 IDX COM 464287861 349 8784 SH Sole 8784 ISHARES-MSCI GERMANY IDX COM 464286806 3188 130300 SH Sole 130300 SPDR STOXX EUROPE 50 ETF -SBI- COM 78463X103 1557 46000 SH Sole 46000 AMERICA MOVIL ADR ADR 02364w105 2462 117450 SH Sole 117450 CEMEX ADR ADR 151290889 8834 723469 SH Sole 723469 ISHARES INC MSCI MEXICO COM 464286822 1604 21500 SH Sole 21500 COMPANIA SIDERURGICA ADR ADR 20440W105 652 145500 SH Sole 145500 CVRD ADR ADR 91912E105 1434 82950 SH Sole 82950 GERDAU SA ADR ADR 373737105 1372 177900 SH Sole 177900 PETROLEO BRASILEIRO ADR ADR 71654v408 2424 146300 SH Sole 146300 ISHARES-MSCI BRASIL INDEX COM 464286400 580 10650 SH Sole 10650 CHINA MOBILE ADR ADR 16941m109 2210 41600 SH Sole 41600 HONDA MOTOR ADR ADR 438128308 448 11700 SH Sole 11700 SONY CORP-SPONSORED ADR ADR 835699307 960 55150 SH Sole 55150 TEVA PHARMACEUTICAL ADR ADR 881624209 270 6800 SH Sole 6800 TOYOTA MOTOR ADR ADR 892331307 3474 33850 SH Sole 33850 INDIA FUND ADR COM 454089103 210 9901 SH Sole 9901 ISHARES HK CHINA 25 INDEX COM 464287184 374 10130 SH Sole 10130 ISHARES PACIFIC EX-JAPAN IDX COM 464286665 1923 38700 SH Sole 38700