# Annex Advisory Services, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1542287. Source: https://holderbook.com/funds/1542287-annex-advisory-services-llc/

- Reported value: $5.9B
- Positions: 356
- Weight of the ten largest: 37.8%
- Filed: 2026-07-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VICTORY PORTFOLIOS II | [UBND](https://holderbook.com/stocks/UBND/) | $410.8M | 18,906,834 | 7.0% | 9 |
| GOLDMAN SACHS ETF TR | [GSIE](https://holderbook.com/stocks/GSIE/) | $282.7M | 6,186,859 | 4.8% | 4 |
| AMERICAN CENTY ETF TR | [AVUS](https://holderbook.com/stocks/AVUS/) | $259.4M | 2,025,359 | 4.4% | 11 |
| ALPS ETF TR | [SMTH](https://holderbook.com/stocks/SMTH/) | $237.8M | 9,237,012 | 4.1% | 10 |
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $225.3M | 4,358,982 | 3.8% | 3 |
| ISHARES TR | [LRGF](https://holderbook.com/stocks/LRGF/) | $214.8M | 2,839,647 | 3.7% | 2 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $170.3M | 4,128,690 | 2.9% | 2 |
| AMERICAN CENTY ETF TR | [AVEM](https://holderbook.com/stocks/AVEM/) | $149.5M | 1,548,921 | 2.6% | 17 |
| AMERICAN CENTY ETF TR | [AVDE](https://holderbook.com/stocks/AVDE/) | $134.2M | 1,504,548 | 2.3% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $131.4M | 656,898 | 2.2% | 23 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $131.3M | 453,907 | 2.2% | 31 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $99.2M | 2,662,339 | 1.7% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $95.0M | 265,715 | 1.6% | 30 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $94.0M | 236,780 | 1.6% | 7 |
| INVESCO EXCH TRADED FD TR II | [PCY](https://holderbook.com/stocks/PCY/) | $91.2M | 4,214,276 | 1.6% | 2 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $91.2M | 2,267,929 | 1.6% | 2 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $89.7M | 1,625,368 | 1.5% | 7 |
| INVESCO EXCH TRADED FD TR II | [BAB](https://holderbook.com/stocks/BAB/) | $89.4M | 3,331,378 | 1.5% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $87.8M | 235,346 | 1.5% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $84.6M | 354,980 | 1.4% | 31 |
| TKO GROUP HOLDINGS INC | [TKO](https://holderbook.com/stocks/TKO/) | $84.3M | 418,586 | 1.4% | 12 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $81.4M | 215,440 | 1.4% | 13 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $78.5M | 228,947 | 1.3% | 31 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $74.7M | 1,476,042 | 1.3% | 2 |
| INVESCO EXCH TRADED FD TR II | [KBWB](https://holderbook.com/stocks/KBWB/) | $70.3M | 756,328 | 1.2% | 2 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $70.2M | 335,740 | 1.2% | 13 |
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $67.2M | 153,464 | 1.1% | 3 |
| SPDR SERIES TRUST | [XHB](https://holderbook.com/stocks/XHB/) | $66.3M | 573,773 | 1.1% | 1 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $62.4M | 711,009 | 1.1% | 28 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $62.1M | 110,172 | 1.1% | 30 |
| ISHARES TR | [SMLF](https://holderbook.com/stocks/SMLF/) | $55.7M | 625,277 | 1.0% | 2 |
| LIBERTY MEDIA CORP DEL | [FWONK](https://holderbook.com/stocks/FWONK/) | $53.9M | 566,357 | 0.9% | 2 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $49.1M | 24,688 | 0.8% | 7 |
| VICTORY CAP HLDGS INC DEL | [VCTR](https://holderbook.com/stocks/VCTR/) | $48.9M | 581,984 | 0.8% | 10 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $47.6M | 756,244 | 0.8% | 22 |
| ISHARES INC | [EMGF](https://holderbook.com/stocks/EMGF/) | $46.7M | 637,191 | 0.8% | 2 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $46.4M | 256,496 | 0.8% | 31 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $44.4M | 132,751 | 0.8% | 2 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $43.8M | 118,403 | 0.7% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $42.0M | 736,421 | 0.7% | 23 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $40.3M | 254,762 | 0.7% | 2 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $39.0M | 423,658 | 0.7% | 23 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $37.9M | 525,251 | 0.6% | 7 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $36.9M | 58,219 | 0.6% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $36.2M | 38,700 | 0.6% | 26 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $36.2M | 90,943 | 0.6% | 5 |
| PIMCO ETF TR | [PYLD](https://holderbook.com/stocks/PYLD/) | $35.7M | 1,344,720 | 0.6% | 3 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $35.3M | 2,182,965 | 0.6% | 11 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $35.0M | 136,749 | 0.6% | 4 |
| GREEN BRICK PARTNERS INC | [GRBK](https://holderbook.com/stocks/GRBK/) | $35.0M | 437,049 | 0.6% | 9 |
| UFP TECHNOLOGIES INC | [UFPT](https://holderbook.com/stocks/UFPT/) | $34.6M | 130,481 | 0.6% | 19 |
| EXCHANGE TRADED CONCEPTS TRU | [ROBO](https://holderbook.com/stocks/ROBO/) | $34.3M | 399,979 | 0.6% | 2 |
| INVESCO EXCHANGE TRADED FD T | [RSPN](https://holderbook.com/stocks/RSPN/) | $33.8M | 528,466 | 0.6% | 1 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $33.6M | 680,069 | 0.6% | 1 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $33.5M | 160,605 | 0.6% | 15 |
| GLOBUS MED INC | [GMED](https://holderbook.com/stocks/GMED/) | $29.5M | 372,794 | 0.5% | 3 |
| ISHARES TR | [IHAK](https://holderbook.com/stocks/IHAK/) | $28.9M | 476,282 | 0.5% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $28.5M | 68,577 | 0.5% | 31 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $24.9M | 208,680 | 0.4% | 31 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $24.6M | 206,823 | 0.4% | 4 |
| LEMAITRE VASCULAR INC | [LMAT](https://holderbook.com/stocks/LMAT/) | $23.8M | 248,253 | 0.4% | 17 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $23.6M | 142,201 | 0.4% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $23.1M | 48,397 | 0.4% | 9 |
| EA SERIES TRUST | [BBLU](https://holderbook.com/stocks/BBLU/) | $22.9M | 1,389,231 | 0.4% | 3 |
| FIRST TR EXCH TRADED FD III | [FPEI](https://holderbook.com/stocks/FPEI/) | $22.1M | 1,146,209 | 0.4% | 5 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $21.7M | 239,129 | 0.4% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $20.1M | 84,964 | 0.3% | 31 |
| DBX ETF TR | [DBEF](https://holderbook.com/stocks/DBEF/) | $18.9M | 345,799 | 0.3% | 3 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $17.9M | 109,313 | 0.3% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $16.8M | 51,318 | 0.3% | 31 |
| ISHARES TR | [IOO](https://holderbook.com/stocks/IOO/) | $15.8M | 115,451 | 0.3% | 6 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $14.2M | 121,431 | 0.2% | 31 |
| ISHARES TR | [IWL](https://holderbook.com/stocks/IWL/) | $13.6M | 73,569 | 0.2% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $13.6M | 54,007 | 0.2% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $12.4M | 24,656 | 0.2% | 23 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $12.1M | 145,280 | 0.2% | 3 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $11.3M | 109,690 | 0.2% | 14 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $10.9M | 15,145 | 0.2% | 25 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $10.9M | 25,593 | 0.2% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $10.4M | 10,236 | 0.2% | 28 |
| TOLL BROTHERS INC | [TOL](https://holderbook.com/stocks/TOL/) | $10.0M | 60,662 | 0.2% | 9 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $9.6M | 141,133 | 0.2% | 4 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $9.6M | 129,078 | 0.2% | 13 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $9.5M | 12,658 | 0.2% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $9.4M | 44,138 | 0.2% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $8.6M | 11,730 | 0.1% | 27 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $8.5M | 88,885 | 0.1% | 11 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $8.0M | 30,652 | 0.1% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $7.6M | 25,011 | 0.1% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $7.3M | 28,619 | 0.1% | 31 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $7.2M | 99,819 | 0.1% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $7.2M | 9,563 | 0.1% | 31 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $7.1M | 44,670 | 0.1% | 31 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $6.7M | 51,200 | 0.1% | 3 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $6.4M | 37,816 | 0.1% | 23 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $6.3M | 28,054 | 0.1% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $6.3M | 21,065 | 0.1% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $6.2M | 17,700 | 0.1% | 31 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $6.2M | 28,071 | 0.1% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $6.1M | 5,304 | 0.1% | 23 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.5% | +14.8% | -4.3% | 100% |
| Q1 2026 | -2.8% | -4.6% | +1.8% | 100% |
| Q4 2025 | -0.3% | +2.4% | -2.7% | 100% |
| Q3 2025 | +6.3% | +7.8% | -1.5% | 100% |
| Q2 2025 | +10.1% | +10.5% | -0.3% | 100% |
| Q1 2025 | -1.0% | -4.6% | +3.6% | 100% |
| Q4 2024 | -0.0% | +2.1% | -2.2% | 100% |
| Q3 2024 | +5.8% | +5.4% | +0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $5.9B | 356 |
| Q1 2026 | $5.3B | 374 |
| Q4 2025 | $5.2B | 357 |
| Q3 2025 | $4.7B | 314 |
| Q2 2025 | $4.2B | 321 |
| Q1 2025 | $3.5B | 309 |
| Q4 2024 | $3.3B | 309 |
| Q3 2024 | $3.1B | 286 |
| Q2 2024 | $2.8B | 283 |
| Q1 2024 | $2.8B | 285 |
| Q4 2023 | $2.4B | 266 |
| Q3 2023 | $1.7B | 254 |