Annex Advisory Services Portfolio holdings
Annex Wealth Management is a fee-only wealth management firm, founded in 2001, that pairs financial planning with ongoing management of its clients' investments. Dave Spano, its chief executive, controls the firm through his revocable trust, which sits at the top of its chain of holding companies. Client portfolios can hold stocks, bonds, ETFs, mutual funds and options, and an investment committee meets regularly to discuss the economy and ideas for the portfolios.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Core Plus Bond ETF
JCPB
|
+$231M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$99.4M |
| 3 |
Invesco 0-5 Yr US TIPS ETF
PBTP
|
+$90.7M |
| 4 |
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
|
+$76.9M |
| 5 |
Avantis US Large Cap Value ETF
AVLV
|
+$66.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Victory Portfolios II VictoryShares Core Plus Bond ETF
UBND
|
+$106M |
| 2 |
Invesco Emerging Markets Sovereign Debt ETF
PCY
|
+$87.3M |
| 3 |
Invesco Taxable Municipal Bond ETF
BAB
|
+$86M |
| 4 |
Vanguard Long-Term Treasury ETF
VGLT
|
+$82.7M |
| 5 |
Avantis International Equity ETF
AVDE
|
+$78.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 59.1% |
| 2 | Technology | 16.58% |
| 3 | Financials | 4.96% |
| 4 | Healthcare | 3.96% |
| 5 | Communication Services | 3.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
iShares Russell Top 200 ETF
IWL
$2.19B
| $12.5M | 0.2% |
65,720
-7,849
| -11% | -$1.48M |
2025 Q4
3 quarters
|
|
77
WEC Energy
WEC
$38.5B
| $12.1M | 0.2% |
119,596
-1,835
| -2% | -$200K |
2013 Q2
53 quarters
|
|
78
Cisco
CSCO
$388B
| $11.5M | 0.19% |
106,757
+65,300
| +158% | +$7.36M |
2021 Q3
20 quarters
|
|
79
Avantis International Small Cap Value ETF
AVDV
$19.7B
| $11.4M | 0.19% |
103,800
-5,890
| -5% | -$639K |
2023 Q1
14 quarters
|
|
80
Super Micro Computer
SMCI
$18.3B
| $10.3M | 0.17% |
+250,344
| New | +$8.51M |
2026 Q3
0 quarters
|
|
81
Goldman Sachs
GS
$263B
| $9.7M | 0.16% |
10,813
+577
| +6% | +$590K |
2019 Q3
28 quarters
|
|
82
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.1B
| $9.43M | 0.15% |
116,994
-28,286
| -19% | -$2.39M |
2025 Q4
3 quarters
|
|
83
Valero Energy
VLO
$97.9B
| $9.35M | 0.15% |
24,124
-6,528
| -21% | -$2.2M |
2015 Q1
46 quarters
|
|
84
BlackRock US Equity Factor Rotation ETF
DYNF
$41.4B
| $9.11M | 0.15% |
131,596
-9,537
| -7% | -$656K |
2025 Q3
4 quarters
|
|
85
Invesco QQQ Trust
QQQ
$457B
| $8.91M | 0.15% |
12,047
+317
| +3% | +$227K |
2019 Q4
27 quarters
|
|
86
ExxonMobil
XOM
$672B
| $8.51M | 0.14% |
52,271
+9,798
| +23% | +$1.53M |
2013 Q2
53 quarters
|
|
87
Invesco S&P 500 Equal Weight ETF
RSP
$103B
| $8.48M | 0.14% |
40,751
-3,387
| -8% | -$732K |
2013 Q2
53 quarters
|
|
88
State Street SPDR S&P 500 ETF Trust
SPY
$795B
| $8.18M | 0.13% |
10,727
-1,931
| -15% | -$1.47M |
2013 Q2
53 quarters
|
|
89
Johnson & Johnson
JNJ
$675B
| $8.12M | 0.13% |
30,668
+2,049
| +7% | +$541K |
2013 Q3
52 quarters
|
|
90
iShares Core S&P 500 ETF
IVV
$869B
| $7.79M | 0.13% |
10,170
+607
| +6% | +$463K |
2013 Q2
53 quarters
|
|
91
State Street Health Care Select Sector SPDR ETF
XLV
$50.9B
| $7.58M | 0.12% |
45,016
+346
| +0.8% | +$57.7K |
2013 Q2
53 quarters
|
|
92
Altria Group
MO
$127B
| $7.51M | 0.12% |
111,485
+11,666
| +12% | +$810K |
2014 Q1
50 quarters
|
|
93
Applied Materials
AMAT
$294B
| $7.11M | 0.12% |
13,907
-1,238
| -8% | -$629K |
2020 Q2
25 quarters
|
|
94
Vanguard Morningstar Small-Cap ETF
VB
$79.4B
| $7.09M | 0.12% |
24,905
-106
| -0.4% | -$31.6K |
2013 Q2
53 quarters
|
|
95
Schwab US Dividend Equity ETF
SCHD
$122B
| $6.63M | 0.11% |
203,954
+21,385
| +12% | +$721K |
2023 Q1
14 quarters
|
|
96
Agnico Eagle Mines
AEM
$97B
| $6.33M | 0.1% |
34,534
+5,527
| +19% | +$980K |
2024 Q1
10 quarters
|
|
97
Kohl's
KSS
$2.8B
| $5.77M | 0.09% |
312,630
+284,640
| +1,017% | +$5.14M |
2026 Q2
1 quarter
|
|
98
Eaton
ETN
$137B
| $5.66M | 0.09% |
13,163
-12,430
| -49% | -$5.19M |
2015 Q2
45 quarters
|
|
99
Cenovus Energy
CVE
$50B
| $5.53M | 0.09% |
177,907
+18,823
| +12% | +$568K |
2025 Q4
3 quarters
|
|
100
Costco
COST
$473B
| $5.53M | 0.09% |
6,071
-32,629
| -84% | -$30.5M |
2020 Q1
26 quarters
|
|
Similar funds
Annex Advisory Services's Q3 2026 Portfolio in Review
As of Q3 2026, Annex Advisory Services held 397 positions worth $6.11B, up 4.3% from $5.86B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Annex Advisory Services deployed $233M of net new capital in Q3 2026, opening 41 new positions and adding to 179 existing holdings. Its largest new stake was JPMorgan Core Plus Bond ETF: 5,008,101 shares worth $224M.
By sector, the portfolio is most concentrated in Miscellaneous at 59% of assets, down from 60% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Victory Portfolios II VictoryShares Core Plus Bond ETF, an estimated $106M trimmed.
- Annex Advisory Services's largest Q3 2026 buy was JPMorgan Core Plus Bond ETF: 5,008,101 shares worth $224M.
- Annex Advisory Services added most to iShares Core US Aggregate Bond ETF in Q3 2026, an estimated $99.4M increase.
- Annex Advisory Services's biggest Q3 2026 reduction was Victory Portfolios II VictoryShares Core Plus Bond ETF, cutting an estimated $106M.
- Annex Advisory Services fully exited Brookfield Infrastructure in Q3 2026, selling an estimated $4.84M.
- Annex Advisory Services's ten largest holdings make up 38% of its $6.11B portfolio in Q3 2026.
- Annex Advisory Services opened 41 new positions and closed 20 in Q3 2026.
- Annex Advisory Services's portfolio value rose 4.3% quarter-over-quarter to $6.11B.
Based on Annex Advisory Services's 13F filing for Q3 2026, filed 16 Oct 2026.