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Asset Manager ← All Institutions

Annex Advisory Services, LLC

17950 W. CORPORATE DRIVE SUITE 300, BROOKFIELD, WI 53045 • 262-786-6363

Q2 2025 · Filed 2025-07-11
Market Value
$3.9B
+16.1%
Holdings
337
+6
New Purchases
32
Added To
118
Closed
20
Reduced
132
Top 10 Concentration
41.1%
Turnover
15.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UBND 9.40% 2.52% +6.88% $366M
BWX 1.89% 0.00% +1.89% $74M
DFIC 1.82% 0.00% +1.82% $71M
IOO 3.94% 3.12% +0.82% $153M
ISRG 0.79% 0.00% +0.79% $31M
SMTH 3.42% 2.70% +0.72% $133M
NVDA 2.44% 1.76% +0.68% $95M
AVGO 1.50% 0.82% +0.68% $58M
HOOD 1.58% 0.91% +0.66% $61M
SPOT 1.07% 0.56% +0.50% $41M
ORCL 1.41% 0.92% +0.49% $55M
VFLO 2.88% 2.39% +0.49% $112M
META 2.48% 2.01% +0.47% $97M
UBER 1.33% 0.89% +0.44% $52M
MELI 1.32% 0.90% +0.43% $51M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
JAAA 0.04% 5.20% -5.17% $2M
VGLT 0.04% 4.67% -4.62% $2M
AVDE 4.46% 7.50% -3.04% $173M
XMHQ 0.02% 3.03% -3.01% $671K
UNH 0.14% 0.93% -0.79% $6M
MRK 0.02% 0.74% -0.72% $881K
QLTY 0.61% 1.22% -0.62% $24M
IPAR 0.00% 0.51% -0.51% $0
AAPL 2.26% 2.60% -0.34% $88M
ORLY 1.31% 1.65% -0.34% $51M
PZA 0.24% 0.54% -0.30% $9M
PBR 0.60% 0.78% -0.18% $23M
CVX 0.73% 0.90% -0.17% $28M
MEDP 0.77% 0.90% -0.13% $30M
AVEM 3.12% 3.25% -0.13% $121M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 62.6%
Technology 12.9%
Communication Services 5.6%
Consumer Cyclical 5.4%
Healthcare 4.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 64 $1.0B 25.8%
Large Cap 191 $1.7B 43.1%
Mid Cap 45 $609M 15.6%
Small Cap 37 $604M 15.5%

Portfolio Analytics

Avg Market Cap
$207.2B
Median Market Cap
$49.4B
Avg P/E
32.0
Median P/E
25.6
Avg Dividend Yield
0.02%
Avg Beta
0.97
# Stocks
228
# ETFs / Funds
109

Top Holdings (337 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 UBND 9.40% 16,731,387 $366M $21.85 $281M +12,859,443 +332.1%
2 AVUS 6.70% 2,585,372 $261M $100.82 $46M +266,285 +11.5%
3 AVDE 4.46% 2,342,328 $173M $74.01 -$78M -1,447,693 -38.2%
4 IOO 3.94% 1,422,141 $153M $107.81 $49M +336,185 +31.0%
5 SMTH 3.42% 5,143,368 $133M $25.85 $42M +1,646,710 +47.1%
6 AVEM 3.12% 1,767,726 $121M $68.54 $12M -40,153 -2.2%
7 VFLO 2.88% 3,173,134 $112M $35.35 $32M +834,478 +35.7%
8 META 2.48% 130,770 $97M $738.09 $29M +13,730 +11.7%
9 NVDA 2.44% 601,418 $95M $157.99 $36M +57,387 +10.6%
10 AMZN 2.30% 408,477 $90M $219.39 $25M +70,022 +20.7%
11 AAPL 2.26% 428,462 $88M $205.17 $875K +36,654 +9.4%
12 BWX 1.89% 3,130,772 $74M $23.49 +3,130,772 NEW
13 V 1.86% 203,889 $72M $355.05 $8M +20,954 +11.4%
14 DFIC 1.82% 2,277,634 $71M $31.09 +2,277,634 NEW
15 OSEA 1.82% 2,416,917 $71M $29.27 $15M +331,954 +15.9%
16 TKO 1.75% 373,059 $68M $181.95 $18M +48,427 +14.9%
17 HOOD 1.58% 654,878 $61M $93.63 $31M -79,576 -10.8%
18 AVGO 1.50% 210,989 $58M $275.65 $31M +47,741 +29.2%
19 MSFT 1.49% 116,541 $58M $497.41 $17M +7,770 +7.1%
20 ORCL 1.41% 251,615 $55M $218.63 $24M +30,929 +14.0%
21 UBER 1.33% 552,662 $52M $93.30 $22M +145,071 +35.6%
22 MELI 1.32% 19,695 $51M $2,613.63 $21M +4,307 +28.0%
23 ORLY 1.31% 565,079 $51M $90.13 -$4M +526,608 +1368.8%
24 ASML 1.21% 58,823 $47M $801.39 $13M +6,669 +12.8%
25 NTNX 1.21% 613,264 $47M $76.44 $10M +79,043 +14.8%
26 MS 1.11% 307,868 $43M $140.86 $9M +15,968 +5.5%
27 SPOT 1.07% 53,984 $41M $767.34 $22M +19,577 +56.9%
28 FCX 1.02% 916,899 $40M $43.35 $12M +196,035 +27.2%
29 LIN 1.00% 83,011 $39M $469.18 $4M +7,070 +9.3%
30 VTI 0.98% 125,182 $38M $303.93 $3M -1,828 -1.4%
31 CRM 0.95% 136,195 $37M $272.69 $5M +15,839 +13.2%
32 COST 0.90% 35,554 $35M $989.95 $4M +3,083 +9.5%
33 GRBK 0.88% 546,427 $34M $62.88 $7M +76,472 +16.3%
34 AVDV 0.86% 421,957 $33M $79.28 $7M +47,083 +12.6%
35 VCTR 0.85% 520,028 $33M $63.67 $10M +124,776 +31.6%
36 SFM 0.84% 198,583 $33M $164.64 $6M +22,614 +12.8%
37 ISRG 0.79% 56,628 $31M $543.41 +56,628 NEW
38 MEDP 0.77% 95,421 $30M $313.86 -$273K -3,769 -3.8%
39 FNV 0.76% 180,403 $30M $163.92 $721K -2,703 -1.5%
40 UFPT 0.74% 118,593 $29M $244.16 $8M +13,305 +12.6%
41 CVX 0.73% 197,116 $28M $143.19 -$2M +17,634 +9.8%
42 GNRC 0.66% 178,133 $26M $143.21 $6M +24,419 +15.9%
43 AJG 0.63% 76,997 $25M $320.12 $2M +10,703 +16.1%
44 QLTY 0.61% 688,515 $24M $34.26 -$17M -621,148 -47.4%
45 DPZ 0.60% 52,128 $23M $450.60 $3M +7,382 +16.5%
46 PBR 0.60% 1,856,898 $23M $12.51 -$3M +38,340 +2.1%
47 GDDY 0.59% 127,319 $23M $180.06 $4M +20,388 +19.1%
48 CTAS 0.59% 102,290 $23M $222.87 $3M +7,651 +8.1%
49 VIG 0.52% 99,004 $20M $204.67 -$695K -9,035 -8.4%
50 SPTM 0.49% 254,583 $19M $74.89 $1M -10,026 -3.8%
51 VGT 0.48% 27,924 $19M $663.29 $3M -1,537 -5.2%
52 LMAT 0.47% 219,667 $18M $83.05 $15M +185,085 +535.2%
53 MMC 0.41% 73,440 $16M $218.64 $610K +10,140 +16.0%
54 FPEI 0.41% 840,952 $16M $18.99 +840,952 NEW
55 JPM 0.40% 53,341 $15M $289.91 $3M +946 +1.8%
56 WST 0.39% 69,130 $15M $218.80 $2M +9,264 +15.5%
57 GSHD 0.37% 136,564 $14M $105.51 $13M +126,439 +1248.8%
58 LB 0.36% 208,586 $14M $67.58 $1M +26,883 +14.8%
59 HON 0.33% 55,454 $13M $232.88 $2M +4,171 +8.1%
60 TSM 0.32% 55,463 $13M $226.49 $3M -2,545 -4.4%
61 SMCI 0.32% 250,233 $12M $49.01 $4M +160 +0.1%
62 GLBE 0.31% 363,459 $12M $33.54 +363,459 NEW
63 WMB 0.31% 193,878 $12M $62.81 $2M +16,407 +9.2%
64 WEC 0.30% 110,530 $12M $104.20 -$512K +153 +0.1%
65 ABBV 0.27% 56,510 $10M $185.62 -$2M -1,154 -2.0%
66 ABT 0.27% 76,006 $10M $136.01 $661K +3,059 +4.2%
67 ETN 0.26% 28,383 $10M $356.99 $3M +568 +2.0%
68 CL 0.24% 103,631 $9M $90.90 -$792K -5,359 -4.9%
69 PZA 0.24% 416,668 $9M $22.39 -$9M -368,697 -47.0%
70 GS 0.23% 12,876 $9M $707.78 $1M -1,885 -12.8%
71 GOOGL 0.22% 47,974 $8M $176.23 $1M +2,188 +4.8%
72 HD 0.20% 21,536 $8M $366.65 $295K +796 +3.8%
73 SPY 0.20% 12,730 $8M $617.84 $2M +1,731 +15.7%
74 QUAL 0.19% 40,700 $7M $182.82 -$105K -3,458 -7.8%
75 VB 0.19% 30,885 $7M $236.98 -$256K -3,276 -9.6%
76 MNST 0.18% 114,175 $7M $62.64 $1M +9,289 +8.9%
77 SYK 0.18% 17,540 $7M $395.63 $533K +329 +1.9%
78 XLV 0.17% 47,705 $6M $134.79 -$708K -1,182 -2.4%
79 PM 0.16% 35,183 $6M $182.13 $898K +468 +1.4%
80 IVV 0.16% 9,885 $6M $620.88 -$315K -1,598 -13.9%
81 WM 0.15% 25,810 $6M $228.82 $5M +23,432 +985.4%
82 UNH 0.14% 18,018 $6M $311.97 -$26M -41,553 -69.8%
83 VLO 0.14% 39,808 $5M $134.42 -$56K -1,135 -2.8%
84 JNJ 0.13% 33,795 $5M $152.75 -$383K +357 +1.1%
85 TOL 0.13% 44,495 $5M $114.13 $101K -2,642 -5.6%
86 MAMA 0.13% 604,750 $5M $8.30 -$2M -397,689 -39.7%
87 IBM 0.12% 15,727 $5M $294.78 $2M +3,348 +27.1%
88 BRK-B 0.12% 9,530 $5M $485.77 -$63K +720 +8.2%
89 IJR 0.12% 41,051 $4M $109.29 -$472K -6,362 -13.4%
90 SO 0.11% 48,378 $4M $91.83 -$1M -12,206 -20.1%
91 IESC 0.11% 13,976 $4M $296.23 $2M +553 +4.1%
92 VZ 0.10% 93,421 $4M $43.27 -$248K -1,172 -1.2%
93 PG 0.10% 25,336 $4M $159.32 -$438K -920 -3.5%
94 QCOM 0.10% 25,324 $4M $159.26 $164K +135 +0.5%
95 TMO 0.09% 9,096 $4M $405.47 -$684K +309 +3.5%
96 HWKN 0.09% 25,341 $4M $142.10 $1M +1,029 +4.2%
97 CSCO 0.09% 51,239 $4M $69.38 $2M +25,328 +97.8%
98 CPRT 0.09% 72,240 $4M $49.07 +72,240 NEW
99 IWF 0.09% 8,248 $4M $424.57 $631K +296 +3.7%
100 QQQ 0.09% 6,110 $3M $551.68 $678K +367 +6.4%

New Positions

SymbolValue% Port
BWX $74M 1.89%
DFIC $71M 1.82%
ISRG $31M 0.79%
FPEI $16M 0.41%
GLBE $12M 0.31%
CPRT $4M 0.09%
OSCR $802K 0.02%
VXUS $368K 0.01%
SCHF $289K 0.01%
RITM-PD $288K 0.01%
TCAF $287K 0.01%
BND $284K 0.01%
VICI $280K 0.01%
C $270K 0.01%
NVT $260K 0.01%

Sold Out Positions

SymbolValue% Port
ED —%
AMT —%
AON —%
HASI —%
ABR —%
PH —%
VSTS —%
NXP —%
DUK —%
GPN —%
UMC —%
TTE —%
IPAR —%
CDNS —%
DEM —%
View SEC EDGAR Filings for Annex Advisory Services, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms