Institutional Manager · CIK 0000925953

INVESTMENT ADVISORY SERVICES INC /TX /ADV

THE WOODLANDS, TX · File #028-21110

Latest AUM

$319.7M

Positions

126

Top-10 Concentration

56.7%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	SELECT SECTOR SPDR TR	81369Y803	+12,610	+$1.8M	-$1.7M
ADD	SELECT SECTOR SPDR TR	81369Y506	+35,114	+$1.6M	-$1.6M
REDUCE	SCHWAB STRATEGIC TR	808524797	-35,588	-$976,180	+$38,744
ADD	FIDELITY COVINGTON TRUST	316092337	+18,443	+$552,183	+$108,162
REDUCE	MICROSOFT CORP	MSFT	-964	-$466,211	-$1.3M
ADD	FIDELITY COVINGTON TRUST	316092840	+7,248	+$410,890	+$92,244
REDUCE	PACER FDS TR	69374H881	-6,793	-$408,735	+$499,361
ADD	VANGUARD SPECIALIZED FUNDS	921908844	+1,712	+$376,262	+$641,691
REDUCE	APPLE INC	AAPL	-1,284	-$349,068	+$829,235
EXITED	NETFLIX INC	64110L106	-257	-$308,122	$0

Sector Allocation

15.0%$47.9M

11.6%$37.2M

7.2%$23.0M

5.2%$16.6M

Consumer Discretionary

4.4%$14.2M

Energy

4.0%$12.8M

Industrials

3.1%$9.9M

Utilities

0.7%$2.3M

Communication Services

0.3%$996,083

Materials

0.1%$416,262

Real Estate

0.1%$256,142

Filing History

Jan 22, 202613F HOLDINGS REPORTQ/E Dec 2025126 pos · $319.7M
Oct 22, 202513F HOLDINGS REPORTQ/E Sep 2025126 pos · $317.4M
Jul 17, 202513F HOLDINGS REPORTQ/E Jun 2025131 pos · $299.8M
Apr 24, 202513F HOLDINGS REPORTQ/E Mar 2025115 pos · $276.4M
Jan 28, 202513F HOLDINGS REPORTQ/E Dec 2024116 pos · $283.6M
Oct 15, 202413F HOLDINGS REPORTQ/E Sep 2024116 pos · $283.1M
Jul 17, 202413F HOLDINGS REPORTQ/E Jun 2024118 pos · $272.9M
Apr 25, 202413F HOLDINGS REPORTQ/E Mar 2024117 pos · $272.4M
Oct 19, 202313F HOLDINGS REPORTQ/E Dec 2023106 pos · $232.4M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD SPECIALIZED FUNDS	921908844	162,534	$35.7M	12.61%
2	INVESCO QQQ TR	IVZ	53,233	$32.7M	11.54%
3	MICROSOFT CORP	MSFT	37,380	$18.1M	6.38%
4	J P MORGAN EXCHANGE TRADED	46641Q332	303,646	$17.4M	6.14%
5	APPLE INC	AAPL	46,842	$12.7M	4.50%
6	WALMART INC	WMT	101,499	$11.3M	3.99%
7	PACER FDS TR	69374H881	178,166	$10.7M	3.78%
8	FIDELITY COVINGTON TRUST	316092337	253,616	$7.6M	2.68%
9	SCHWAB STRATEGIC TR	808524797	262,479	$7.2M	2.54%
10	ISHARES TR	464287671	42,296	$7.1M	2.51%
11	EXXON MOBIL CORP	XOM	50,320	$6.1M	2.14%
12	ABBVIE INC	ABBV	25,350	$5.8M	2.04%
13	FIDELITY COVINGTON TRUST	316092840	101,361	$5.7M	2.03%
14	JOHNSON & JOHNSON	JNJ	26,493	$5.5M	1.94%
15	JPMORGAN CHASE & CO.	VYLD	16,922	$5.5M	1.92%
16	MCDONALDS CORP	MCD	17,200	$5.3M	1.86%
17	INVESCO EXCHANGE TRADED FD	IVZ	24,596	$4.7M	1.66%
18	AMERICAN EXPRESS CO	AXP	12,596	$4.7M	1.64%
19	HOME DEPOT INC	HD	12,576	$4.3M	1.53%
20	SELECT SECTOR SPDR TR	81369Y803	25,220	$3.6M	1.28%