Institutional Manager · CIK 0001542287
Annex Advisory Services, LLC
BROOKFIELD, WI · File #028-15012
Latest AUM
$5.24B
Positions
357
Top-10 Concentration
43.4%
Filings
9
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 |
|---|---|---|---|---|---|
| NEW | DIMENSIONAL ETF TRUST | 25434V104 | +2,868,665 | +$134.3M | $0 |
| NEW | INVESCO EXCH TRADED FD TR II | IVZ | +3,065,649 | +$83.4M | $0 |
| NEW | INVESCO ACTIVELY MANAGED EXC | IVZ | +1,554,711 | +$78.1M | $0 |
| REDUCE | VICTORY PORTFOLIOS II | 92647X764 | -2,176,048 | -$61.3M | -$2.5M |
| REDUCE | VICTORY PORTFOLIOS II | 92647X830 | -1,421,755 | -$56.0M | +$5.3M |
| NEW | GOLDMAN SACHS ETF TR | NVGLF | +912,436 | +$52.7M | $0 |
| ADD | GOLDMAN SACHS ETF TR | NVGLF | +1,193,163 | +$51.2M | +$314,528 |
| EXITED | SPDR SERIES TRUST | 78464A888 | -408,923 | -$45.3M | $0 |
| ADD | ALPHABET INC | GOOG | +141,219 | +$44.2M | +$3.5M |
| EXITED | SPDR SERIES TRUST | 78464A771 | -278,560 | -$42.6M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025357 pos · $5.24B
- 13F HOLDINGS REPORTQ/E Sep 2025314 pos · $4.70B
- 13F HOLDINGS REPORTQ/E Jun 2025321 pos · $4.15B
- 13F HOLDINGS REPORTQ/E Mar 2025309 pos · $3.53B
- 13F HOLDINGS REPORTQ/E Dec 2024311 pos · $3.32B
- 13F HOLDINGS REPORTQ/E Sep 2024286 pos · $3.13B
- 13F HOLDINGS REPORTQ/E Jun 2024283 pos · $2.84B
- 13F HOLDINGS REPORTQ/E Mar 2024285 pos · $2.82B
- 13F HOLDINGS REPORTQ/E Dec 2023254 pos · $1.65B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | VICTORY PORTFOLIOS II | 92647X863 | 16,978,957 | $373.5M | 8.95% |
| 2 | AMERICAN CENTY ETF TR | 025072885 | 2,464,437 | $275.5M | 6.60% |
| 3 | ALPS ETF TR | 00162Q346 | 6,974,911 | $181.8M | 4.36% |
| 4 | AMERICAN CENTY ETF TR | 025072604 | 2,106,433 | $162.2M | 3.89% |
| 5 | ISHARES TR | 464287572 | 1,276,938 | $161.7M | 3.88% |
| 6 | AMERICAN CENTY ETF TR | 025072703 | 1,887,261 | $155.4M | 3.72% |
| 7 | DIMENSIONAL ETF TRUST | 25434V104 | 2,868,665 | $134.3M | 3.22% |
| 8 | NVIDIA CORPORATION | NVDA | 718,014 | $133.9M | 3.21% |
| 9 | APPLE INC | AAPL | 465,193 | $126.5M | 3.03% |
| 10 | AMAZON COM INC | AMZN | 460,821 | $106.4M | 2.55% |
| 11 | META PLATFORMS INC | META | 142,673 | $94.2M | 2.26% |
| 12 | MFS ACTIVE EXCHANGE TRADED F | 55286W405 | 3,001,089 | $91.4M | 2.19% |
| 13 | HARBOR ETF TRUST | 41151J885 | 2,917,083 | $88.2M | 2.11% |
| 14 | DIMENSIONAL ETF TRUST | 25434V799 | 2,515,017 | $86.7M | 2.08% |
| 15 | ISHARES TR | 464288588 | 903,008 | $86.0M | 2.06% |
| 16 | TKO GROUP HOLDINGS INC | TKO | 399,014 | $83.4M | 2.00% |
| 17 | INVESCO EXCH TRADED FD TR II | IVZ | 3,065,649 | $83.4M | 2.00% |
| 18 | MICROSOFT CORP | MSFT | 163,014 | $78.8M | 1.89% |
| 19 | VISA INC | V | 224,298 | $78.7M | 1.88% |
| 20 | INVESCO ACTIVELY MANAGED EXC | IVZ | 1,554,711 | $78.1M | 1.87% |