— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Annex Advisory Services, LLC

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

Q4 2025 · Filed 2026-01-26
Market Value
$5.1B
+13.6%
Holdings
372
+28
New Purchases
63
Added To
153
Closed
20
Reduced
116
Top 10 Concentration
35.7%
Turnover
22.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DFAU 2.65% 0.00% +2.65% $134M
BAB 1.65% 0.00% +1.65% $83M
GSY 1.54% 0.00% +1.54% $78M
GSWO 1.04% 0.00% +1.04% $53M
GSIE 1.16% 0.16% +1.00% $59M
GOOGL 1.18% 0.27% +0.91% $60M
ZETA 0.83% 0.00% +0.83% $42M
RBRK 0.73% 0.00% +0.73% $37M
ADI 0.71% 0.01% +0.70% $36M
BBLU 0.43% 0.00% +0.43% $22M
SPYG 0.45% 0.02% +0.43% $23M
GMED 0.41% 0.00% +0.41% $21M
SMTH 3.59% 3.20% +0.39% $182M
DBEF 0.31% 0.00% +0.31% $16M
EXPE 0.91% 0.60% +0.30% $46M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VFLO 1.08% 2.37% -1.28% $55M
NTNX 0.01% 1.09% -1.08% $413K
XHB 0.00% 1.02% -1.02% $0
KCE 0.00% 0.95% -0.95% $0
AVUS 5.44% 6.38% -0.95% $275M
LIN 0.06% 0.92% -0.86% $3M
UBND 7.37% 8.15% -0.78% $374M
GNRC 0.02% 0.73% -0.71% $980K
AVDE 3.07% 3.77% -0.70% $155M
ORLY 0.77% 1.44% -0.66% $39M
CRM 0.20% 0.77% -0.57% $10M
HOOD 1.12% 1.64% -0.52% $57M
AVEM 3.20% 3.68% -0.48% $162M
SFM 0.04% 0.51% -0.46% $2M
IOO 3.19% 3.61% -0.42% $162M

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 63 $1.2B 24.0%
Large Cap 208 $2.2B 43.2%
Mid Cap 58 $840M 16.6%
Small Cap 41 $757M 14.9%
Micro Cap 2 $60M 1.2%

Portfolio Analytics

Avg Market Cap
$191.6B
Median Market Cap
$40.5B
Avg P/E
32.2
Median P/E
25.5
Avg Dividend Yield
0.02%
Avg Beta
0.96
# Stocks
234
# ETFs / Funds
138

Top Holdings (372 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 UBND 7.37% 16,978,957 $374M $22.00 $10M +491,114 +3.0%
2 AVUS 5.44% 2,464,437 $275M $111.78 -$9M -155,267 -5.9%
3 SMTH 3.59% 6,974,911 $182M $26.07 $39M +1,520,265 +27.9%
4 AVEM 3.20% 2,106,433 $162M $77.02 -$2M -80,170 -3.7%
5 IOO 3.19% 1,276,938 $162M $126.67 $637K -65,556 -4.9%
6 AVDE 3.07% 1,887,261 $155M $82.32 -$13M -244,051 -11.4%
7 DFAU 2.65% 2,868,665 $134M $46.80 +2,868,665 NEW
8 NVDA 2.64% 718,014 $134M $186.50 $15M +83,176 +13.1%
9 AAPL 2.50% 465,193 $126M $271.86 $21M +49,301 +11.8%
10 AMZN 2.10% 460,821 $106M $230.82 $12M +29,823 +6.9%
11 META 1.86% 142,673 $94M $660.09 -$6M +6,022 +4.4%
12 OSEA 1.74% 2,917,083 $88M $30.25 $9M +225,974 +8.4%
13 DFIC 1.71% 2,515,017 $87M $34.46 $5M +17,644 +0.7%
14 MBB 1.70% 903,008 $86M $95.22 $4M +42,591 +5.0%
15 TKO 1.65% 399,014 $83M $209.00 $3M -413 -0.1%
16 BAB 1.65% 3,065,649 $83M $27.20 +3,065,649 NEW
17 MSFT 1.56% 163,014 $79M $483.62 $16M +41,708 +34.4%
18 V 1.55% 224,298 $79M $350.71 $6M +10,242 +4.8%
19 GSY 1.54% 1,554,711 $78M $50.25 +1,554,711 NEW
20 AVGO 1.49% 218,730 $76M $346.10 $7M +10,275 +4.9%
21 DYNF 1.47% 1,222,445 $74M $60.81 $12M +166,019 +15.7%
22 ASML 1.38% 65,470 $70M $1,069.85 $10M +3,416 +5.5%
23 ZROZ 1.20% 943,470 $61M $64.25 $10M +204,732 +27.7%
24 GRIN 1.19% 2,176,641 $60M $27.63 -$2M -100,240 -4.4%
25 GOOGL 1.18% 191,099 $60M $313.00 $48M +141,219 +283.1%
26 MS 1.17% 334,841 $59M $177.53 $8M +12,005 +3.7%
27 GSIE 1.16% 1,365,028 $59M $42.94 $52M +1,193,163 +694.2%
28 HOOD 1.12% 503,831 $57M $113.10 -$16M -8,504 -1.7%
29 VFLO 1.08% 1,394,047 $55M $39.38 -$51M -1,421,755 -50.5%
30 GSWO 1.04% 912,436 $53M $57.74 +912,436 NEW
31 MELI 1.03% 25,961 $52M $2,014.26 $3M +4,935 +23.5%
32 MEDP 1.02% 91,693 $51M $561.65 -$783K -9,992 -9.8%
33 UBER 1.00% 619,193 $51M $81.71 -$7M +31,273 +5.3%
34 ORCL 0.97% 251,580 $49M $194.91 -$9M +44,589 +21.5%
35 FCX 0.96% 957,782 $49M $50.79 $11M -3,430 -0.4%
36 EXPE 0.91% 162,152 $46M $283.31 $19M +36,041 +28.6%
37 AVDV 0.86% 465,391 $44M $93.97 $4M +15,409 +3.4%
38 ZETA 0.83% 2,070,556 $42M $20.35 +2,070,556 NEW
39 FNV 0.82% 199,972 $41M $207.28 -$1M +9,336 +4.9%
40 VTI 0.81% 123,140 $41M $335.27 $1M +955 +0.8%
41 ORLY 0.77% 429,714 $39M $91.21 -$25M -165,220 -27.8%
42 RBRK 0.73% 485,699 $37M $76.48 +485,699 NEW
43 ISRG 0.72% 64,143 $36M $566.36 $9M +3,092 +5.1%
44 VCTR 0.72% 574,699 $36M $63.09 $1M +30,621 +5.6%
45 ADI 0.71% 132,001 $36M $271.20 $35M +130,304 +7678.5%
46 SPOT 0.70% 61,223 $36M $580.71 -$5M +3,037 +5.2%
47 COST 0.67% 39,512 $34M $862.34 -$1M +1,117 +2.9%
48 WST 0.67% 122,958 $34M $275.14 $4M +9,800 +8.7%
49 GRBK 0.66% 532,515 $33M $62.66 -$10M -48,209 -8.3%
50 QLTY 0.62% 810,984 $31M $38.46 $5M +86,987 +12.0%
51 UFPT 0.56% 126,884 $28M $222.03 $4M +4,271 +3.5%
52 AJG 0.52% 102,631 $27M $258.79 -$3M +7,478 +7.9%
53 GLBE 0.50% 640,016 $25M $39.31 $11M +250,625 +64.4%
54 PBR 0.49% 2,108,579 $25M $11.85 -$261K +114,311 +5.7%
55 SPYG 0.45% 212,889 $23M $106.70 $22M +206,376 +3168.7%
56 BBLU 0.43% 1,443,393 $22M $15.26 +1,443,393 NEW
57 CVX 0.43% 143,172 $22M $152.41 -$10M -62,533 -30.4%
58 VGT 0.41% 27,628 $21M $753.79 $58K -187 -0.7%
59 GMED 0.41% 235,617 $21M $87.31 +235,617 NEW
60 CTAS 0.40% 107,361 $20M $188.07 -$1M +2,714 +2.6%
61 SPTM 0.40% 244,270 $20M $82.50 -$9K -5,714 -2.3%
62 VIG 0.40% 91,233 $20M $219.78 -$682K -4,849 -5.0%
63 LMAT 0.39% 243,709 $20M $81.10 -$364K +13,692 +6.0%
64 FPEI 0.37% 972,278 $19M $19.39 $1M +68,734 +7.6%
65 UPST 0.36% 421,373 $18M $43.73 $8M +214,279 +103.5%
66 TSM 0.34% 57,166 $17M $303.89 $2M +835 +1.5%
67 DBEF 0.31% 328,775 $16M $48.11 +328,775 NEW
68 JPM 0.31% 48,181 $16M $322.22 $675K +1,102 +2.3%
69 PM 0.30% 95,628 $15M $160.40 $8M +47,686 +99.5%
70 HHH 0.29% 181,388 $14M $79.77 $13M +166,489 +1117.5%
71 LB 0.28% 294,143 $14M $48.99 -$38K +23,324 +8.6%
72 WMB 0.28% 236,280 $14M $60.11 -$464K +4,765 +2.1%
73 ABBV 0.27% 60,408 $14M $228.49 $86K +1,167 +2.0%
74 MGV 0.26% 92,465 $13M $141.16 +92,465 NEW
75 IWL 0.26% 75,809 $13M $170.63 +75,809 NEW
76 TMO 0.24% 21,089 $12M $579.45 $4M +3,469 +19.7%
77 WEC 0.24% 114,136 $12M $105.46 -$167K +7,638 +7.2%
78 HON 0.23% 59,189 $12M $195.09 -$607K +1,450 +2.5%
79 ABT 0.22% 87,004 $11M $125.29 $446K +8,950 +11.5%
80 GS 0.21% 12,040 $11M $879.00 $636K -452 -3.6%
81 XLP 0.21% 135,518 $11M $77.68 +135,518 NEW
82 CRM 0.20% 38,165 $10M $264.91 -$24M -105,947 -73.5%
83 ETN 0.20% 31,476 $10M $318.51 -$2M +109 +0.3%
84 PYLD 0.20% 373,458 $10M $26.68 +373,458 NEW
85 MNST 0.19% 123,342 $9M $76.67 $1M +2,919 +2.4%
86 TPL 0.18% 32,075 $9M $287.22 +32,075 NEW
87 RSP 0.17% 45,515 $9M $191.56 $8M +42,075 +1223.1%
88 SCHD 0.17% 312,387 $9M $27.43 $8M +302,535 +3070.8%
89 UNH 0.17% 25,784 $9M $330.11 $3M +8,606 +50.1%
90 SPY 0.17% 12,397 $8M $681.91 $125K -105 -0.8%
91 MMC 0.16% 44,117 $8M $185.52 -$11M -52,239 -54.2%
92 VLO 0.15% 46,123 $8M $162.79 -$286K +345 +0.8%
93 QUAL 0.15% 37,222 $7M $198.62 -$262K -2,133 -5.4%
94 VB 0.15% 28,508 $7M $257.95 -$200K -1,197 -4.0%
95 XLV 0.14% 46,587 $7M $154.80 $737K +65 +0.1%
96 VFH 0.14% 52,715 $7M $133.49 +52,715 NEW
97 QQQ 0.14% 11,443 $7M $614.27 $5M +7,748 +209.7%
98 JNJ 0.14% 33,394 $7M $206.95 $792K +394 +1.2%
99 IVV 0.13% 9,931 $7M $684.94 $337K +271 +2.8%
100 GSHD 0.13% 87,158 $6M $73.65 -$4M -55,733 -39.0%

New Positions

SymbolValue% Port
DFAU $134M 2.65%
BAB $83M 1.65%
GSY $78M 1.54%
GSWO $53M 1.04%
ZETA $42M 0.83%
RBRK $37M 0.73%
BBLU $22M 0.43%
GMED $21M 0.41%
DBEF $16M 0.31%
MGV $13M 0.26%
IWL $13M 0.26%
XLP $11M 0.21%
PYLD $10M 0.20%
TPL $9M 0.18%
VFH $7M 0.14%

Sold Out Positions

SymbolValue% Port
SGOV —%
ECL —%
UTL —%
JQC —%
RMD —%
GDDY —%
BMNR —%
CPRT —%
HSTM —%
MDYV —%
VGSH —%
KCE —%
JMTG —%
PFF —%
XYLD —%
View SEC EDGAR Filings for Annex Advisory Services, LLC →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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