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 | |
|---|---|---|---|---|---|---|---|
201
Bank First Corp
BFC
$1.66B
| $1.07M | 0.02% |
7,165
-327
| -4% | -$49.7K |
2026 Q2
1 quarter
|
|
202
GE Vernova
GEV
$217B
| $1.06M | 0.02% |
1,111
-88
| -7% | -$87.2K |
2024 Q3
8 quarters
|
|
203
Cincinnati Financial
CINF
$29.2B
| $1.04M | 0.02% |
+6,542
| New | +$1.14M |
2026 Q3
0 quarters
|
|
204
Avantis US Small Cap Value ETF
AVUV
$32.1B
| $1.01M | 0.02% |
8,558
-359
| -4% | -$44.8K |
2021 Q4
19 quarters
|
|
205
Uber
UBER
$141B
| $1M | 0.02% |
14,632
-510,619
| -97% | -$37.3M |
2024 Q4
7 quarters
|
|
206
Mastercard
MA
$569B
| $986K | 0.02% |
1,788
-48
| -3% | -$27K |
2021 Q4
19 quarters
|
|
207
Ametek
AME
$55.3B
| $986K | 0.02% |
3,980
+6
| +0.2% | +$1.45K |
2024 Q2
9 quarters
|
|
208
Schwab US Large-Cap Growth ETF
SCHG
$61.8B
| $964K | 0.02% |
26,832
+2,050
| +8% | +$71.9K |
2019 Q4
27 quarters
|
|
209
Honeywell
HON
$70.8B
| $964K | 0.02% |
4,568
-23,486
| -84% | -$5.24M |
2017 Q2
37 quarters
|
|
210
Fidelity National Information Services
FIS
$14.6B
| $952K | 0.02% |
28,942
-4,417
| -13% | -$179K |
2014 Q3
48 quarters
|
|
211
iShares Russell Mid-Cap Growth ETF
IWP
$18.3B
| $935K | 0.02% |
6,788
+92
| +1% | +$12.9K |
2024 Q1
10 quarters
|
|
212
Coca-Cola
KO
$419B
| $920K | 0.02% |
10,685
+180
| +2% | +$15.6K |
2018 Q2
33 quarters
|
|
213
Devon Energy
DVN
$52.7B
| $911K | 0.01% |
+19,796
| New | +$909K |
2026 Q3
0 quarters
|
|
214
Johnson Controls International
JCI
$86.3B
| $909K | 0.01% |
6,115
+569
| +10% | +$82.4K |
2024 Q3
8 quarters
|
|
215
Vanguard Total Bond Market
BND
$165B
| $905K | 0.01% |
+12,897
| New | +$930K |
2026 Q3
0 quarters
|
|
216
Boeing
BA
$136B
| $905K | 0.01% |
4,862
+268
| +6% | +$57.5K |
2025 Q2
5 quarters
|
|
217
McDonald's
MCD
$193B
| $903K | 0.01% |
3,911
-120
| -3% | -$31.6K |
2017 Q1
38 quarters
|
|
218
Seagate
STX
$125B
| $879K | 0.01% |
953
-30
| -3% | -$25.6K |
2025 Q3
4 quarters
|
|
219
Vanguard Morningstar Value ETF
VTV
$197B
| $878K | 0.01% |
4,064
+394
| +11% | +$87.6K |
2024 Q3
8 quarters
|
|
220
iShares Core S&P US Growth ETF
IUSG
$32.4B
| $872K | 0.01% |
4,502
+164
| +4% | +$31.1K |
2024 Q4
7 quarters
|
|
221
Liberty Media Corporation Series C Common Stock
FWONK
$27.9B
| $867K | 0.01% |
9,382
-556,975
| -98% | -$55M |
2026 Q1
2 quarters
|
|
222
FedEx
FDX
$74.8B
| $865K | 0.01% |
3,032
+292
| +11% | +$91.7K |
2025 Q4
3 quarters
|
|
223
Workday
WDAY
$45.9B
| $829K | 0.01% |
4,353
-473
| -10% | -$82.4K |
2026 Q2
1 quarter
|
|
224
PepsiCo
PEP
$194B
| $805K | 0.01% |
6,356
-95
| -1% | -$13.1K |
2013 Q2
53 quarters
|
|
225
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$852M
| $802K | 0.01% |
13,845
-514,621
| -97% | -$32M |
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.