Instuitional Investor - Gfs Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Walt Disney Co	DIS	297,876	$29,400,000	5.9%
2.	Vanguard Intl Equity Index Funds	VWO	510,657	$23,112,000	4.64%
3.	Alibaba Group Holding Limited	BABA	172,272	$22,780,000	4.57%
4.	Ishares Tr - MSCI ACWI ETF		174,435	$20,302,000	4.08%
5.	Ishares Inc - MSCI JPN ETF NEW		287,617	$19,719,000	3.96%