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AAS
Annex Advisory Services Portfolio holdings
AUM
$5.86B
1-Year Est. Return
21.83%
This Fund
S&P 500
This Quarter
Est. Return
+13.56%
1 Year Est. Return
+21.83%
3 Year Est. Return
+77.88%
5 Year Est. Return
+84.59%
10 Year Est. Return
+291.37%
AUM
$4.15B
AUM Growth
+$627M
(+18%)
Cap. Flow
+$243M
Cap. Flow
% of AUM
5.86%
Top 10 Holdings %
Top 10 Hldgs %
40.65%
Holding
341
New
32
Increased
119
Reduced
134
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Victory Portfolios II VictoryShares Core Plus Bond ETF
UBND
|
+$278M |
| 2 |
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
|
+$71.5M |
| 3 |
Dimensional International Core Equity 2 ETF
DFIC
|
+$66.7M |
| 4 |
ALPS Smith Core Plus Bond ETF
SMTH
|
+$42.2M |
| 5 |
GFLW
VictoryShares Free Cash Flow Growth ETF
GFLW
|
+$38M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Janus Henderson AAA CLO ETF
JAAA
|
+$172M |
| 2 |
Vanguard Long-Term Treasury ETF
VGLT
|
+$149M |
| 3 |
Invesco S&P MidCap Quality ETF
XMHQ
|
+$104M |
| 4 |
Avantis International Equity ETF
AVDE
|
+$101M |
| 5 |
Merck
MRK
|
+$21.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.07% |
| 2 | Financials | 7.6% |
| 3 | Consumer Discretionary | 7.3% |
| 4 | Communication Services | 5.35% |
| 5 | Healthcare | 4.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
iShares Russell 2000 ETF
IWM
$79.1B
| $307K | 0.01% |
1,420
+64
| +5% | +$12.9K |
|
252
Douglas Dynamics
PLOW
$992M
| $302K | 0.01% |
10,255
| – | – |
|
253
Johnson Controls International
JCI
$85.1B
| $298K | 0.01% |
2,826
-258
| -8% | -$23.7K |
|
254
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
| $298K | 0.01% |
526
-21
| -4% | -$11.3K |
|
255
Schwab Fundamental International Small Company Index ETF
FNDC
$2.99B
| $293K | 0.01% |
6,957
+1,338
| +24% | +$51.9K |
|
256
Schwab International Equity ETF
SCHF
$64.9B
| $289K | 0.01% |
+13,082
| New | +$272K |
|
257
Rithm Capital
RITM
$5.58B
| $288K | 0.01% |
+25,500
| New | +$281K |
|
258
MGE Energy Inc
MGEE
$3.03B
| $287K | 0.01% |
3,245
-166
| -5% | -$14.9K |
|
259
Shopify
SHOP
$168B
| $287K | 0.01% |
2,488
+12
| +0.5% | +$1.2K |
|
260
T. Rowe Price Capital Appreciation Equity ETF
TCAF
$7.8B
| $287K | 0.01% |
+8,121
| New | +$266K |
|
261
Vanguard Total Bond Market
BND
$158B
| $284K | 0.01% |
+3,856
| New | +$280K |
|
262
Kinder Morgan
KMI
$70.9B
| $284K | 0.01% |
9,650
-896
| -8% | -$24.6K |
|
263
Ford
F
$60.9B
| $282K | 0.01% |
25,961
-32
| -0.1% | -$326 |
|
264
VICI Properties
VICI
$29.9B
| $280K | 0.01% |
+8,594
| New | +$273K |
|
265
Associated Banc-Corp
ASB
$5.8B
| $280K | 0.01% |
11,486
| – | – |
|
266
iShares S&P 500 Value ETF
IVE
$49.1B
| $280K | 0.01% |
1,431
-88
| -6% | -$16.4K |
|
|
NVO
267
Novo Nordisk
NVO
$228B
| $278K | 0.01% |
4,033
-297
| -7% | -$20.2K |
|
268
Citigroup
C
$213B
| $270K | 0.01% |
+3,168
| New | +$229K |
|
269
Vanguard Morningstar Value ETF
VTV
$188B
| $264K | 0.01% |
1,491
-1,908
| -56% | -$322K |
|
270
Cencora
COR
$62B
| $262K | 0.01% |
875
-126
| -13% | -$36.3K |
|
271
FS KKR Capital
FSK
$3.01B
| $261K | 0.01% |
12,586
| – | – |
|
272
nVent Electric
NVT
$21.6B
| $260K | 0.01% |
+3,552
| New | +$218K |
|
273
Royal Caribbean
RCL
$86.5B
| $257K | 0.01% |
821
-197
| -19% | -$46.9K |
|
274
Applovin
APP
$134B
| $256K | 0.01% |
732
-54
| -7% | -$17.5K |
|
275
Steel Dynamics
STLD
$36.2B
| $256K | 0.01% |
2,000
| – | – |
|
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VAM
Annex Advisory Services's Q2 2025 Portfolio in Review
As of Q2 2025, Annex Advisory Services held 341 positions worth $4.15B, up 18% from $3.53B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Annex Advisory Services deployed $243M of net new capital in Q2 2025, opening 32 new positions and adding to 119 existing holdings. Its largest new stake was State Street SPDR Bloomberg International Treasury Bond ETF: 3,130,772 shares worth $73.5M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 13% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Janus Henderson AAA CLO ETF, an estimated $172M trimmed.
- Annex Advisory Services's largest Q2 2025 buy was State Street SPDR Bloomberg International Treasury Bond ETF: 3,130,772 shares worth $73.5M.
- Annex Advisory Services added most to Victory Portfolios II VictoryShares Core Plus Bond ETF in Q2 2025, an estimated $278M increase.
- Annex Advisory Services's biggest Q2 2025 reduction was Janus Henderson AAA CLO ETF, cutting an estimated $172M.
- Annex Advisory Services fully exited Interparfums in Q2 2025, selling an estimated $17.1M.
- Annex Advisory Services's ten largest holdings make up 41% of its $4.15B portfolio in Q2 2025.
- Annex Advisory Services opened 32 new positions and closed 20 in Q2 2025.
- Annex Advisory Services's portfolio value rose 18% quarter-over-quarter to $4.15B.
Based on Annex Advisory Services's 13F filing for Q2 2025, filed 11 Jul 2025.