Annex Advisory Services, LLC
Long book
$5.34B
Q1 2026
Positions
374
Top-10 weight
36%
concentration
Last quarter
+11.0%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsAnnex Advisory Services, LLC is a wealth-management firm allocating client money, running a $5.34B US long book across 374 positions.
The portfolio is moderately concentrated (top 10 ≈ 36% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: VICTORYSHARES CORE PLUS BOND, GOLDMAN SACHS ACTIVEBETA INT, AVANTIS U.S. EQUITY ETF, ALPS SMTH COR BD PLUS ETF, DIMENSIONAL US CORE EQUITY M.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.4%
Q2 2024
+6.1%
Q3 2024
+0.6%
Q4 2024
-0.7%
Q1 2025
+10.7%
Q2 2025
+6.7%
Q3 2025
+0.2%
Q4 2025
-2.5%
Q1 2026
+11.0%
Sector allocation
Technology 33%
Financials 12%
Services media 11%
Industrials 9%
Consumer discretionary 9%
Healthcare 9%
Communications 4%
Utilities 4%
Long book by quarter
What does Annex Advisory own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 809.8K | $141.2M | 2.6% | +12.8% |
| AAPL APPLE INC | Technology | 460.1K | $116.8M | 2.2% | -1.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 472.8K | $98.5M | 1.8% | +2.6% |
| MSFT MICROSOFT CORP | Technology | 238.9K | $88.4M | 1.7% | +46.6% |
| TKO TKO GROUP HOLDINGS INC | Services media | 413.1K | $83.3M | 1.6% | +3.5% |
| GOOGL ALPHABET INC-CL A | Technology | 267.3K | $76.9M | 1.4% | +39.9% |
| ADI ANALOG DEVICES INC | Technology | 240.5K | $76.5M | 1.4% | +82.2% |
| V VISA INC-CLASS A SHARES | Services media | 233.4K | $70.6M | 1.3% | +4.1% |
| AVGO BROADCOM INC | Technology | 225.2K | $69.7M | 1.3% | +3.0% |
| META META PLATFORMS INC-CLASS A | Technology | 113.3K | $64.8M | 1.2% | -20.6% |
| NEE NEXTERA ENERGY INC | Utilities | 624.4K | $58.0M | 1.1% | +1299.0% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 43.1K | $56.9M | 1.1% | -34.2% |
| MS MORGAN STANLEY | Financials | 344.8K | $56.7M | 1.1% | +3.0% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 116.0K | $56.3M | 1.1% | +89.5% |
| EXPE EXPEDIA GROUP INC | Industrials | 231.1K | $53.4M | 1.0% | +42.5% |
| FCX FREEPORT-MCMORAN INC | Materials | 792.6K | $46.6M | 0.9% | -17.2% |
| MEDP MEDPACE HOLDINGS INC | Healthcare | 94.7K | $45.5M | 0.9% | +3.2% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 434.9K | $40.1M | 0.8% | +1.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 40.1K | $40.0M | 0.7% | +1.5% |
| VCTR VICTORY CAPITAL HOLDING - A | Financials | 591.8K | $38.8M | 0.7% | +3.0% |
| UBER UBER TECHNOLOGIES INC | Services media | 536.5K | $38.6M | 0.7% | -13.4% |
| FWONK LIBERTY MEDIA CORP-FORMULA-C | Communications | 439.5K | $37.4M | 0.7% | New |
| BAC BANK OF AMERICA CORP | Financials | 738.9K | $36.0M | 0.7% | +1004.8% |
| TPL TEXAS PACIFIC LAND CORP | Financials | 75.0K | $35.6M | 0.7% | +134.0% |
| GRBK GREEN BRICK PARTNERS INC | Industrials | 549.7K | $35.4M | 0.7% | +3.2% |
| MELI MERCADOLIBRE INC | Services media | 20.3K | $35.1M | 0.7% | -21.8% |
| VRT VERTIV HOLDINGS CO-A | Technology | 128.4K | $32.2M | 0.6% | New |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 456.3K | $31.6M | 0.6% | -9.4% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 66.2K | $30.5M | 0.6% | +3.2% |
| GMED GLOBUS MEDICAL INC - A | Healthcare | 350.4K | $30.2M | 0.6% | +48.7% |
| CVX CHEVRON CORP | Energy | 144.6K | $29.9M | 0.6% | +1.0% |
| LMAT LEMAITRE VASCULAR INC | Healthcare | 250.6K | $27.4M | 0.5% | +2.8% |
| UFPT UFP TECHNOLOGIES INC | Healthcare | 130.4K | $25.2M | 0.5% | +2.8% |
| FNV FRANCO-NEVADA CORP | Materials | 94.2K | $23.3M | 0.4% | -52.9% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 102.3K | $16.9M | 0.3% | +6.9% |
| JPM JPMORGAN CHASE & CO | Financials | 52.3K | $15.4M | 0.3% | +8.5% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 61.4K | $13.9M | 0.3% | +3.8% |
| WEC WEC ENERGY GROUP INC | Utilities | 111.8K | $12.9M | 0.2% | -2.0% |
| CRM SALESFORCE INC | Technology | 65.0K | $12.1M | 0.2% | +70.4% |
| ABBV ABBVIE INC | Healthcare | 55.0K | $12.0M | 0.2% | -8.9% |
| ETN EATON CORP PLC | Industrials | 31.7K | $11.3M | 0.2% | +0.7% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 21.9K | $10.8M | 0.2% | +3.8% |
| GS GOLDMAN SACHS GROUP INC | Financials | 12.3K | $10.4M | 0.2% | +2.1% |
| WMB WILLIAMS COS INC | Utilities | 142.7K | $10.4M | 0.2% | -39.6% |
| JNJ JOHNSON & JOHNSON | Healthcare | 34.0K | $8.3M | 0.2% | +2.0% |
| VLO VALERO ENERGY CORP | Energy | 33.5K | $8.3M | 0.2% | -27.4% |
| MRSH MARSH & MCLENNAN COS | Financials | 44.7K | $7.8M | 0.1% | +1.4% |
| CTAS CINTAS CORP | Other | 43.4K | $7.3M | 0.1% | -59.6% |
| UNH UNITEDHEALTH GROUP INC | Financials | 26.4K | $7.1M | 0.1% | +2.5% |
| MNST MONSTER BEVERAGE CORP | Consumer staples | 96.6K | $7.0M | 0.1% | -21.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 16, 2026 | 375 | $5.34B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 357 | $5.24B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 17, 2025 | 314 | $4.70B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 11, 2025 | 321 | $4.15B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 11, 2025 | 309 | $3.53B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 16, 2025 | 311 | $3.32B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 10, 2024 | 286 | $3.13B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 12, 2024 | 283 | $2.84B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 12, 2024 | 285 | $2.82B | canonical | SEC ↗ |