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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
+1.71%
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
$5.24B
AUM Growth
+$537M
(+11%)
Cap. Flow
+$524M
Cap. Flow
% of AUM
10.02%
Top 10 Holdings %
Top 10 Hldgs %
34.59%
Holding
378
New
64
Increased
153
Reduced
119
Closed
21
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dimensional US Core Equity Market ETF
DFAU
|
+$133M |
| 2 |
Invesco Taxable Municipal Bond ETF
BAB
|
+$83.8M |
| 3 |
Invesco Ultra Short Duration ETF
GSY
|
+$78.2M |
| 4 |
GSWO
Goldman Sachs ActiveBeta World Equity ETF
GSWO
|
+$52.1M |
| 5 |
Goldman Sachs ActiveBeta International Equity ETF
GSIE
|
+$49.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GFLW
VictoryShares Free Cash Flow Growth ETF
GFLW
|
+$61.9M |
| 2 |
VictoryShares Free Cash Flow ETF
VFLO
|
+$54.5M |
| 3 |
State Street SPDR S&P Homebuilders ETF
XHB
|
+$45.3M |
| 4 |
State Street SPDR S&P Capital Markets ETF
KCE
|
+$42.6M |
| 5 |
Nutanix
NTNX
|
+$39.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.85% |
| 2 | Financials | 6.82% |
| 3 | Consumer Discretionary | 6.19% |
| 4 | Communication Services | 5.4% |
| 5 | Healthcare | 4.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Vanguard Morningstar Mega Cap Value ETF
MGV
$13.1B
| $13.1M | 0.25% |
+92,465
| New | +$12.9M |
|
77
iShares Russell Top 200 ETF
IWL
$2.13B
| $12.9M | 0.25% |
+75,809
| New | +$12.8M |
|
78
Thermo Fisher Scientific
TMO
$214B
| $12.2M | 0.23% |
21,089
+3,469
| +20% | +$1.96M |
|
79
WEC Energy
WEC
$36.3B
| $12M | 0.23% |
114,136
+7,638
| +7% | +$846K |
|
80
Honeywell
HON
$76.4B
| $11.5M | 0.22% |
59,189
-2,072
| -3% | -$405K |
|
81
Abbott
ABT
$187B
| $10.9M | 0.21% |
87,004
+8,950
| +11% | +$1.14M |
|
82
Goldman Sachs
GS
$289B
| $10.6M | 0.2% |
12,040
-452
| -4% | -$369K |
|
83
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.6B
| $10.5M | 0.2% |
+135,518
| New | +$10.6M |
|
84
Salesforce
CRM
$154B
| $10.1M | 0.19% |
38,165
-105,947
| -74% | -$26.3M |
|
85
Eaton
ETN
$141B
| $10M | 0.19% |
31,476
+109
| +0.3% | +$38.6K |
|
86
PIMCO Multi Sector Bond Active ETF
PYLD
$15B
| $9.96M | 0.19% |
+373,458
| New | +$10M |
|
87
Monster Beverage
MNST
$95.1B
| $9.46M | 0.18% |
123,342
+2,919
| +2% | +$209K |
|
88
Texas Pacific Land
TPL
$26.9B
| $9.21M | 0.18% |
+32,075
| New | +$9.8M |
|
89
Invesco S&P 500 Equal Weight ETF
RSP
$97.3B
| $8.72M | 0.17% |
45,515
+42,075
| +1,223% | +$7.99M |
|
90
Schwab US Dividend Equity ETF
SCHD
$104B
| $8.57M | 0.16% |
312,387
+302,535
| +3,071% | +$8.23M |
|
91
UnitedHealth
UNH
$382B
| $8.51M | 0.16% |
25,784
+8,606
| +50% | +$2.92M |
|
92
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $8.45M | 0.16% |
12,397
-105
| -0.8% | -$71K |
|
|
MRSH
93
Marsh
MRSH
$94.3B
| $8.18M | 0.16% |
44,117
-52,239
| -54% | -$9.76M |
|
94
Valero Energy
VLO
$89.5B
| $7.51M | 0.14% |
46,123
+345
| +0.8% | +$58.5K |
|
95
iShares MSCI USA Quality Factor ETF
QUAL
$45.7B
| $7.39M | 0.14% |
37,222
-2,133
| -5% | -$419K |
|
96
Vanguard Morningstar Small-Cap ETF
VB
$78.9B
| $7.35M | 0.14% |
28,508
-1,197
| -4% | -$307K |
|
97
State Street Health Care Select Sector SPDR ETF
XLV
$42.9B
| $7.21M | 0.14% |
46,587
+65
| +0.1% | +$9.73K |
|
98
Vanguard Financials ETF
VFH
$13.4B
| $7.04M | 0.13% |
+52,715
| New | +$6.85M |
|
99
Invesco QQQ Trust
QQQ
$436B
| $7.03M | 0.13% |
11,443
+7,748
| +210% | +$4.75M |
|
100
Johnson & Johnson
JNJ
$640B
| $6.91M | 0.13% |
33,394
+394
| +1% | +$77.9K |
|
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Annex Advisory Services's Q4 2025 Portfolio in Review
As of Q4 2025, Annex Advisory Services held 378 positions worth $5.24B, up 11% from $4.7B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Annex Advisory Services deployed $524M of net new capital in Q4 2025, opening 64 new positions and adding to 153 existing holdings. Its largest new stake was Dimensional US Core Equity Market ETF: 2,868,665 shares worth $134M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was VictoryShares Free Cash Flow Growth ETF, an estimated $61.9M trimmed.
- Annex Advisory Services's largest Q4 2025 buy was Dimensional US Core Equity Market ETF: 2,868,665 shares worth $134M.
- Annex Advisory Services added most to Goldman Sachs ActiveBeta International Equity ETF in Q4 2025, an estimated $49.8M increase.
- Annex Advisory Services's biggest Q4 2025 reduction was VictoryShares Free Cash Flow Growth ETF, cutting an estimated $61.9M.
- Annex Advisory Services fully exited State Street SPDR S&P Homebuilders ETF in Q4 2025, selling an estimated $45.3M.
- Annex Advisory Services's ten largest holdings make up 35% of its $5.24B portfolio in Q4 2025.
- Annex Advisory Services opened 64 new positions and closed 21 in Q4 2025.
- Annex Advisory Services's portfolio value rose 11% quarter-over-quarter to $5.24B.
Based on Annex Advisory Services's 13F filing for Q4 2025, filed 26 Jan 2026.