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 | |
|---|---|---|---|---|---|---|---|
101
Vanguard Financials ETF
VFH
$13.7B
| $5.49M | 0.09% |
42,206
-8,994
| -18% | -$1.25M |
2025 Q4
3 quarters
|
|
102
Travelers Companies
TRV
$81.2B
| $5.35M | 0.09% |
15,005
+3,240
| +28% | +$1.19M |
2025 Q4
3 quarters
|
|
103
Badger Meter
BMI
$4.51B
| $5.24M | 0.09% |
42,453
+29,152
| +219% | +$3.93M |
2024 Q3
8 quarters
|
|
104
Vanguard S&P 500 ETF
VOO
$1.05T
| $5.09M | 0.08% |
7,269
+1,707
| +31% | +$1.19M |
2020 Q2
25 quarters
|
|
105
iShares MSCI USA Quality Factor ETF
QUAL
$48.7B
| $5.09M | 0.08% |
91,540
-1,364
| -1% | -$75.4K |
2023 Q3
12 quarters
|
|
106
TKO Group
TKO
$14.6B
| $4.55M | 0.07% |
25,341
-393,245
| -94% | -$74M |
2023 Q3
12 quarters
|
|
107
iShares Russell 1000 Growth ETF
IWF
$120B
| $4.51M | 0.07% |
35,995
+308
| +0.9% | +$37.7K |
2013 Q2
53 quarters
|
|
108
Capital One
COF
$118B
| $4.48M | 0.07% |
23,198
-6,048
| -21% | -$1.27M |
2025 Q4
3 quarters
|
|
109
Halliburton
HAL
$27.2B
| $4.37M | 0.07% |
137,432
+17,009
| +14% | +$580K |
2025 Q4
3 quarters
|
|
110
O'Reilly Automotive
ORLY
$71.5B
| $4.36M | 0.07% |
51,088
-372,570
| -88% | -$32.8M |
2020 Q4
23 quarters
|
|
111
Waste Management
WM
$94.4B
| $4.11M | 0.07% |
20,175
+303
| +2% | +$67.9K |
2023 Q3
12 quarters
|
|
112
IES Holdings
IESC
$7.53B
| $3.93M | 0.06% |
12,226
+1,242
| +11% | +$410K |
2024 Q2
9 quarters
|
|
113
Alphabet (Google) Class C
GOOG
$3.56T
| $3.86M | 0.06% |
11,330
+339
| +3% | +$117K |
2019 Q4
27 quarters
|
|
114
Abbott
ABT
$190B
| $3.79M | 0.06% |
38,368
-369
| -1% | -$38.5K |
2013 Q2
53 quarters
|
|
115
iShares Core S&P Small-Cap ETF
IJR
$107B
| $3.78M | 0.06% |
27,763
+319
| +1% | +$46.2K |
2013 Q2
53 quarters
|
|
116
iShares National Muni Bond ETF
MUB
$55.1B
| $3.75M | 0.06% |
37,127
+30,814
| +488% | +$3.23M |
2022 Q1
18 quarters
|
|
117
Brady Corp
BRC
$3.65B
| $3.73M | 0.06% |
44,701
| – | – |
2025 Q1
6 quarters
|
|
118
Citigroup
C
$206B
| $3.7M | 0.06% |
28,592
-2,693
| -9% | -$363K |
2025 Q4
3 quarters
|
|
119
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.46B
| $3.65M | 0.06% |
29,755
-5,799
| -16% | -$724K |
2025 Q4
3 quarters
|
|
120
Berkshire Hathaway Class B
BRK.B
$1.23T
| $3.57M | 0.06% |
7,169
+327
| +5% | +$165K |
2015 Q3
44 quarters
|
|
121
State Street SPDR Portfolio S&P 500 ETF
SPYM
$184B
| $3.53M | 0.06% |
39,277
+299
| +0.8% | +$26.7K |
2018 Q1
34 quarters
|
|
122
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$16.2B
| $3.5M | 0.06% |
66,306
+1,034
| +2% | +$58.2K |
2018 Q1
34 quarters
|
|
123
NextEra Energy
NEE
$180B
| $3.44M | 0.06% |
45,467
-665,542
| -94% | -$56.3M |
2019 Q3
28 quarters
|
|
124
FirstCash
FCFS
$7.83B
| $3.39M | 0.06% |
16,029
+3,104
| +24% | +$669K |
2022 Q4
15 quarters
|
|
125
LandBridge Corporation
LB
$2.08B
| $3.39M | 0.06% |
41,704
+8,238
| +25% | +$668K |
2024 Q4
7 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.