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 | |
|---|---|---|---|---|---|---|---|
176
Balchem Corp
BCPC
$5.52B
| $1.56M | 0.03% |
9,462
+2,656
| +39% | +$452K |
2020 Q4
23 quarters
|
|
177
dLocal
DLO
$4B
| $1.52M | 0.02% |
+110,104
| New | +$1.61M |
2026 Q3
0 quarters
|
|
178
SoFi Technologies
SOFI
$21.1B
| $1.51M | 0.02% |
96,326
-13,136
| -12% | -$231K |
2026 Q2
1 quarter
|
|
179
Shift4
FOUR
$3.26B
| $1.5M | 0.02% |
+41,467
| New | +$1.91M |
2026 Q3
0 quarters
|
|
180
Verizon
VZ
$193B
| $1.5M | 0.02% |
32,668
+3,622
| +12% | +$170K |
2018 Q4
31 quarters
|
|
181
Transmedics
TMDX
$3.2B
| $1.48M | 0.02% |
+17,734
| New | +$1.46M |
2026 Q3
0 quarters
|
|
|
182
Invesco Taxable Municipal Bond ETF
BAB
$869M
| $1.47M | 0.02% |
58,297
-3,273,081
| -98% | -$86M |
2025 Q4
3 quarters
|
|
183
RPM International
RPM
$13.5B
| $1.47M | 0.02% |
14,865
+9
| +0.1% | +$955 |
2024 Q3
8 quarters
|
|
184
Aflac
AFL
$62.9B
| $1.46M | 0.02% |
13,064
-173
| -1% | -$20.7K |
2023 Q2
13 quarters
|
|
185
Advanced Micro Devices
AMD
$907B
| $1.43M | 0.02% |
2,343
+352
| +18% | +$181K |
2025 Q4
3 quarters
|
|
186
Pacer US Cash Cows 100 ETF
COWZ
$19.8B
| $1.43M | 0.02% |
21,431
-1,618
| -7% | -$110K |
2022 Q2
17 quarters
|
|
187
Robinhood
HOOD
$76.2B
| $1.35M | 0.02% |
12,031
-5,082
| -30% | -$540K |
2024 Q3
8 quarters
|
|
188
iShares MSCI ACWI ETF
ACWI
$32.6B
| $1.32M | 0.02% |
+8,338
| New | +$1.32M |
2026 Q3
0 quarters
|
|
189
KLA
KLAC
$210B
| $1.28M | 0.02% |
6,546
+5,070
| +343% | +$995K |
2026 Q1
2 quarters
|
|
190
Caterpillar
CAT
$275B
| $1.27M | 0.02% |
1,567
+147
| +10% | +$125K |
2023 Q4
11 quarters
|
|
191
Monster Beverage
MNST
$88.9B
| $1.26M | 0.02% |
30,304
-147,466
| -83% | -$6.83M |
2023 Q4
11 quarters
|
|
|
192
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.18B
| $1.21M | 0.02% |
60,676
-4,153,600
| -99% | -$87.3M |
2026 Q1
2 quarters
|
|
193
iShares Russell 1000 Value ETF
IWD
$85.1B
| $1.2M | 0.02% |
4,848
+546
| +13% | +$138K |
2013 Q2
53 quarters
|
|
194
Vanguard FTSE Developed Markets ETF
VEA
$231B
| $1.19M | 0.02% |
16,801
+3,810
| +29% | +$273K |
2024 Q4
7 quarters
|
|
195
VanEck Semiconductor ETF
SMH
$65.6B
| $1.18M | 0.02% |
1,944
-65
| -3% | -$37.2K |
2022 Q4
15 quarters
|
|
196
iShares Russell 1000 ETF
IWB
$48.2B
| $1.12M | 0.02% |
2,690
+344
| +15% | +$143K |
2020 Q4
23 quarters
|
|
197
iShares Semiconductor ETF
SOXX
$44.6B
| $1.11M | 0.02% |
5,838
-1,131
| -16% | -$202K |
2025 Q4
3 quarters
|
|
198
Union Pacific
UNP
$180B
| $1.1M | 0.02% |
4,042
+215
| +6% | +$62.5K |
2020 Q4
23 quarters
|
|
199
Rockwell Automation
ROK
$45.1B
| $1.09M | 0.02% |
2,508
+647
| +35% | +$288K |
2021 Q4
19 quarters
|
|
200
Vanguard Total International Stock ETF
VXUS
$163B
| $1.09M | 0.02% |
12,829
+10,292
| +406% | +$885K |
2026 Q2
1 quarter
|
|
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.