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 | |
|---|---|---|---|---|---|---|---|
151
VictoryShares Free Cash Flow Growth ETF
GFLW
$1.09B
| $2.2M | 0.04% |
65,757
-22,240
| -25% | -$740K |
2025 Q1
6 quarters
|
|
152
Linde
LIN
$241B
| $2.19M | 0.04% |
4,607
+171
| +4% | +$84K |
2021 Q1
22 quarters
|
|
153
GMO US Quality ETF
QLTY
$5.56B
| $2.09M | 0.03% |
48,741
-15,551
| -24% | -$660K |
2024 Q1
10 quarters
|
|
154
US Bancorp
USB
$94.3B
| $2.07M | 0.03% |
35,884
-334
| -0.9% | -$20.9K |
2017 Q2
37 quarters
|
|
155
Piper Sandler
PIPR
$4.71B
| $2.07M | 0.03% |
31,409
+3,954
| +14% | +$295K |
2025 Q4
3 quarters
|
|
156
Oracle
ORCL
$395B
| $2.04M | 0.03% |
14,827
-1,313
| -8% | -$185K |
2021 Q2
21 quarters
|
|
157
LSI Industries
LYTS
$598M
| $2.03M | 0.03% |
97,958
+10,431
| +12% | +$234K |
2024 Q1
10 quarters
|
|
158
Globus Medical
GMED
$9.9B
| $2.02M | 0.03% |
26,906
-345,888
| -93% | -$27.4M |
2025 Q4
3 quarters
|
|
159
Xometry
XMTR
$7.16B
| $1.93M | 0.03% |
18,793
+1,941
| +12% | +$180K |
2025 Q4
3 quarters
|
|
160
Texas Instruments
TXN
$280B
| $1.9M | 0.03% |
6,784
-73
| -1% | -$20.2K |
2017 Q4
35 quarters
|
|
161
Monarch Casino & Resort
MCRI
$1.94B
| $1.86M | 0.03% |
16,203
+1,521
| +10% | +$186K |
2022 Q1
18 quarters
|
|
162
Procter & Gamble
PG
$387B
| $1.82M | 0.03% |
12,508
+2
| +0% | +$293 |
2017 Q1
38 quarters
|
|
163
Vanguard Morningstar Growth ETF
VUG
$221B
| $1.77M | 0.03% |
19,667
+211
| +1% | +$18.5K |
2019 Q2
29 quarters
|
|
164
Howard Hughes
HHH
$4.98B
| $1.77M | 0.03% |
24,036
+2,575
| +12% | +$173K |
2025 Q3
4 quarters
|
|
165
LeMaitre Vascular
LMAT
$1.82B
| $1.77M | 0.03% |
21,404
-226,849
| -91% | -$20.1M |
2022 Q2
17 quarters
|
|
166
Vanguard Morningstar Large-Cap ETF
VV
$53.8B
| $1.76M | 0.03% |
5,015
+97
| +2% | +$34K |
2020 Q2
25 quarters
|
|
167
Exelixis
EXEL
$17.1B
| $1.73M | 0.03% |
29,572
+3,654
| +14% | +$204K |
2026 Q2
1 quarter
|
|
168
Camtek
CAMT
$5.03B
| $1.71M | 0.03% |
11,018
-4,254
| -28% | -$625K |
2026 Q1
2 quarters
|
|
169
Hawkins
HWKN
$3.17B
| $1.7M | 0.03% |
13,512
+606
| +5% | +$78.7K |
2021 Q4
19 quarters
|
|
170
Intel
INTC
$331B
| $1.68M | 0.03% |
13,973
+7,192
| +106% | +$734K |
2025 Q4
3 quarters
|
|
171
Medpace
MEDP
$18.7B
| $1.68M | 0.03% |
2,689
-254
| -9% | -$149K |
2023 Q2
13 quarters
|
|
172
Walmart Inc
WMT
$984B
| $1.67M | 0.03% |
16,117
-1,186
| -7% | -$130K |
2017 Q2
37 quarters
|
|
173
iShares 0-3 Month Treasury Bond ETF
SGOV
$117B
| $1.65M | 0.03% |
+16,373
| New | +$1.65M |
2026 Q3
0 quarters
|
|
174
GE Aerospace
GE
$353B
| $1.62M | 0.03% |
5,184
-189
| -4% | -$65.5K |
2019 Q3
28 quarters
|
|
175
Oscar Health
OSCR
$10.1B
| $1.62M | 0.03% |
52,387
-21,896
| -29% | -$673K |
2025 Q2
5 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.