Annex Advisory Services, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 12, 2024), Annex Advisory Services, LLC reported 283 stock positions worth $2.8 billion. Its top holding was Avantis International Equity (AVDE) at 9.8% of the portfolio, followed by Avantis U.S. Equity ETF (AVUS, 8.6%) and iShares 20+ Year Treasury BD (TLT, 8.2%). Compared with Q1 2024, it opened 22 new positions, sold out of 24, added to 133 and reduced 102. The biggest buy was iShares 20+ Year Treasury BD (TLT, shares +11464%) and the biggest sale iShares 10-20 Year Treasury (TLH, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- BROOKFIELD, WI
- CIK
- 0001542287
- Portfolio Value
- $2.8B (Q2 2024)
- SEC Filing
- 0001085146-24-002868 ↗ filed Jul 12, 2024
Holdings Value
Holdings 283 stocks · $2.8B
| AVDE Avantis International Equity | 9.79% | 4,464,935 | $278.0M | Add +115.1% |
| AVUS Avantis U.S. Equity ETF | 8.62% | 2,714,281 | $244.8M | Add +4.8% |
| TLT iShares 20+ Year Treasury BD | 8.21% | 2,538,906 | $233.0M | Add +11463.6% |
| JQUA JPMorgan US Quality Factor | 7.13% | 3,826,218 | $202.6M | Reduce -9.0% |
| VGT Vanguard Info Tech ETF | 5.43% | 267,367 | $154.2M | Add +42.1% |
| AVEM Avantis Emerging Markets Eq | 4.80% | 2,232,088 | $136.4M | Reduce -3.4% |
| COWZ Pacer US Cash Cows 100 ETF | 4.74% | 2,467,920 | $134.5M | Add +0.2% |
| XMHQ Invesco S&P Midcap Qual ETF | 3.10% | 907,691 | $88.1M | New |
| AAPL Apple Inc. | 1.49% | 201,041 | $42.3M | Add +3.2% |
| NVDA Nvidia Corp. | 1.47% | 337,705 | $41.7M | Add +31.5% |
| VTI VG Morningstar TS MKT ETF-US | 1.31% | 138,903 | $37.2M | Reduce -2.4% |
| AMZN Amazon.com Inc. | 1.28% | 188,668 | $36.5M | Add +9.3% |
| V Visa Inc. Class A | 1.21% | 131,210 | $34.4M | Add +15.1% |
| MRK Merck & Co. Inc. | 1.17% | 268,785 | $33.3M | Add +10.3% |
| META Meta Platforms Inc. Class A | 1.10% | 62,138 | $31.3M | Add +20.8% |
| MSFT Microsoft Corp. | 1.03% | 65,653 | $29.3M | Add +3.2% |
| FCX Freeport-McMoran Inc. | 1.03% | 602,558 | $29.3M | Add +6.9% |
| SMTH Alps SMTH Cor BD Plus ETF | 0.99% | 1,103,025 | $28.1M | Add +14.7% |
| ORLY O'reilly Automotive Inc. | 0.97% | 26,011 | $27.5M | Add +112.9% |
| MEDP Medpace Holdings Inc. | 0.91% | 62,622 | $25.8M | Add +51.1% |
| AMAT Applied Materials Inc. | 0.89% | 106,927 | $25.2M | Add +13.7% |
| MS Morgan Stanley | 0.89% | 258,666 | $25.1M | Add +8.5% |
| AVDV Avantis Intl S/C Value ETF | 0.88% | 384,802 | $25.0M | Reduce -59.4% |
| ORCL Oracle Corp. | 0.84% | 169,353 | $23.9M | Add +5.5% |
| LIN Linde PLC | 0.83% | 53,728 | $23.6M | Add +20.6% |
| VIG Vanguard Dividend Apprec ETF | 0.80% | 124,017 | $22.6M | Reduce -86.2% |
| TKO Tko Group Holdings Inc. | 0.78% | 205,469 | $22.2M | Add +23.8% |
| CVX Chevron Corp. | 0.78% | 141,224 | $22.1M | Add +6.3% |
| JPM JPMorgan Chase & Co. | 0.78% | 108,802 | $22.0M | Add +7.3% |
| UNH Unitedhealth Group Inc. | 0.73% | 40,845 | $20.8M | Add +7.2% |
| COST Costco Wholesale Corp. | 0.73% | 24,414 | $20.8M | Reduce -35.0% |
| IJR iShares Core S&P Small-Cap E | 0.73% | 194,117 | $20.7M | Add +3.8% |
| CTAS Cintas Corp. | 0.71% | 28,793 | $20.2M | Add +5.6% |
| AOS Smith (a.o.) Corp. | 0.68% | 234,723 | $19.2M | Add +14.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.67% | 288,669 | $19.2M | Reduce -1.2% |
| PSX Phillips 66 | 0.66% | 133,188 | $18.8M | Add +9.5% |
| CRM Salesforce Inc. | 0.63% | 69,425 | $17.8M | Reduce -21.3% |
| ADBE Adobe Inc. | 0.62% | 31,595 | $17.6M | Add +10.1% |
| QLTY GMO U.S. Quality ETF | 0.60% | 550,056 | $17.1M | Add +98.2% |
| APP AppLovin Corp. Class A | 0.59% | 200,146 | $16.7M | Add +19.0% |
| MELI MercadoLibre Inc. | 0.56% | 9,679 | $15.9M | Add +42.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.54% | 70,946 | $15.5M | Reduce -4.7% |
| SFM Sprouts Farmers Market Inc. | 0.50% | 168,116 | $14.1M | Reduce -15.0% |
| NSSC Napco Security Technologies | 0.49% | 269,003 | $14.0M | Add +14.7% |
| FNV Franco-Nevada Corp. | 0.49% | 117,313 | $13.9M | Reduce -12.3% |
| UBND Victoryshares Core Plus Bond | 0.48% | 635,462 | $13.6M | New |
| NOW ServiceNow Inc. | 0.45% | 16,402 | $12.9M | Add +22.4% |
| PBR Petroleo Brasileiro-Spon ADR | 0.45% | 890,417 | $12.9M | Add +152.7% |
| UNP Union Pacific Corp. | 0.44% | 55,373 | $12.5M | Reduce -10.5% |
| MRSH Marsh & McLennan Cos | 0.43% | 57,572 | $12.1M | Add +2.5% |
| UFPT Ufp Technologies Inc. | 0.41% | 43,726 | $11.5M | Reduce -5.9% |
| ABBV Abbvie Inc. | 0.39% | 64,956 | $11.1M | Add +1.7% |
| GRBK Green Brick Partners Inc. | 0.38% | 186,709 | $10.7M | New |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.34% | 37,175 | $9.6M | Add +18.1% |
| GNRC Generac Holdings Inc. | 0.32% | 69,210 | $9.2M | Add +17.3% |
| HON Honeywell International Inc. | 0.31% | 41,341 | $8.8M | Add +6.0% |
| QUAL iShares MSCI USA Quality Fac | 0.31% | 51,315 | $8.8M | Reduce -1.3% |
| GS Goldman Sachs Group Inc. | 0.30% | 18,576 | $8.4M | Reduce -2.9% |
| WST West Pharmaceutical Services | 0.29% | 25,180 | $8.3M | Add +19.9% |
| ETN Eaton Corp. PLC | 0.29% | 26,431 | $8.3M | Reduce -5.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.29% | 46,657 | $8.1M | New |
| XLV SS Health Care Select Sector | 0.28% | 54,270 | $7.9M | Reduce -0.9% |
| WEC WEC Energy Group Inc. | 0.27% | 97,120 | $7.6M | Reduce -29.4% |
| IPAR Interparfums Inc. | 0.27% | 65,525 | $7.6M | Add +23.4% |
| CELH Celsius Holdings Inc. | 0.27% | 132,009 | $7.5M | Add +33.4% |
| HD Home Depot Inc. | 0.26% | 21,654 | $7.5M | Add +19.5% |
| VLO Valero Energy Corp. | 0.26% | 46,986 | $7.4M | Add +2.9% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.25% | 172,790 | $7.2M | Reduce -4.0% |
| ABT Abbott Laboratories | 0.24% | 66,583 | $6.9M | Add +4.9% |
| GOOGL Alphabet Inc. Class A | 0.24% | 37,951 | $6.9M | Add +2.1% |
| IVV iShares Core S&P 500 ETF | 0.24% | 12,424 | $6.8M | Reduce -3.6% |
| COP Conocophillips | 0.23% | 58,336 | $6.7M | Reduce -5.7% |
| AVGO Broadcom Inc. | 0.23% | 4,148 | $6.7M | Reduce -26.0% |
| WMB Williams Cos Inc. | 0.22% | 148,861 | $6.3M | Add +52.0% |
| SMCI Super Micro Computer Inc. | 0.22% | 7,510 | $6.2M | Add +36.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.20% | 10,447 | $5.7M | Reduce -0.2% |
| AMGN Amgen Inc. | 0.20% | 18,131 | $5.7M | Add +20.1% |
| VZ Verizon Communications Inc. | 0.20% | 136,740 | $5.6M | Add +35.1% |
| PG The Procter & Gamble Co. | 0.19% | 33,534 | $5.5M | Reduce -5.0% |
| JSI JH Securitized Income ETF | 0.19% | 104,289 | $5.4M | New |
| TTE Totalenergies SE -Spon ADR | 0.17% | 72,921 | $4.9M | Add +46.5% |
| KSS Kohls Corp. | 0.16% | 196,637 | $4.5M | Add +19.5% |
| JNJ Johnson & Johnson | 0.16% | 30,679 | $4.5M | Reduce -7.8% |
| TMO Thermo Fisher Scientific Inc. | 0.16% | 8,057 | $4.5M | Add +1.7% |
| QCOM Qualcomm Inc. | 0.15% | 21,919 | $4.4M | Reduce -9.8% |
| CSCO Cisco Systems Inc. | 0.14% | 85,851 | $4.1M | Add +4.8% |
| DOV Dover Corp. | 0.14% | 22,510 | $4.1M | Reduce -2.6% |
| LLY Eli Lilly & Co. | 0.14% | 4,403 | $4.0M | Add +1.6% |
| TLH iShares 10-20 Year Treasury | 0.14% | 37,680 | $3.9M | Reduce -97.9% |
| MNST Monster Beverage Corp. | 0.13% | 71,724 | $3.6M | Add +6.6% |
| AEM Agnico Eagle Mines Ltd. | 0.13% | 54,293 | $3.6M | Reduce -2.1% |
| AVUV Avantis US Small Cap Value | 0.12% | 37,103 | $3.3M | Reduce -96.4% |
| LPLA LPL Financial Holdings Inc. | 0.11% | 11,550 | $3.2M | Reduce -0.6% |
| VSTS Vestis Corp. | 0.11% | 255,912 | $3.1M | New |
| IWF iShares Russell 1000 Growth | 0.11% | 8,310 | $3.0M | Add +4.2% |
| TOL Toll Brothers Inc. | 0.10% | 24,436 | $2.8M | New |
| HPQ HP Inc. | 0.10% | 77,482 | $2.7M | Reduce -5.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.09% | 41,803 | $2.7M | Reduce -2.0% |
| SYK Stryker Corp. | 0.09% | 7,843 | $2.7M | Add +317.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.09% | 6,234 | $2.5M | Reduce -6.5% |
Portfolio Sells Q1 2024 → Q2 2024
| TLH iShares 10-20 Year Treasury | Reduce -97.9% | 0.14% | −6.43 |
| VIG Vanguard Dividend Apprec ETF | Reduce -86.2% | 0.80% | −5.03 |
| IQLT iShares MSCI International Q | Reduce -98.3% | 0.08% | −4.72 |
| AVUV Avantis US Small Cap Value | Reduce -96.4% | 0.12% | −3.27 |
| AVDV Avantis Intl S/C Value ETF | Reduce -59.4% | 0.88% | −1.34 |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | Reduce -99.0% | 0.01% | −1.10 |
| JQUA JPMorgan US Quality Factor | Reduce -9.0% | 7.13% | −0.76 |
| CRM Salesforce Inc. | Reduce -21.3% | 0.63% | −0.31 |
| FCFS Firstcash Holdings Inc. | Reduce -83.0% | 0.05% | −0.31 |
| BLMN Bloomin' Brands Inc. | Sold out | 0.00% | −0.30 |
| ROL Rollins Inc. | Reduce -92.7% | 0.02% | −0.27 |
| COST Costco Wholesale Corp. | Reduce -35.0% | 0.73% | −0.25 |
| ACLS Axcelis Technologies Inc. | Reduce -89.1% | 0.04% | −0.22 |
| WEC WEC Energy Group Inc. | Reduce -29.4% | 0.27% | −0.13 |
| F Ford Motor Co. | Reduce -86.1% | 0.02% | −0.11 |
| BX Blackstone Inc. | Reduce -76.7% | 0.03% | −0.11 |
| UNP Union Pacific Corp. | Reduce -10.5% | 0.44% | −0.10 |
| FNV Franco-Nevada Corp. | Reduce -12.3% | 0.49% | −0.08 |
| DOC Healthpeak Properties Inc. | Reduce -86.4% | 0.01% | −0.07 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -4.7% | 0.54% | −0.06 |
| COP Conocophillips | Reduce -5.7% | 0.23% | −0.04 |
| AVGO Broadcom Inc. | Reduce -26.0% | 0.23% | −0.03 |
| JNJ Johnson & Johnson | Reduce -7.8% | 0.16% | −0.03 |
| AMPH Amphastar Pharmaceuticals Inc. | Sold out | 0.00% | −0.02 |
| AGG iShares Core U.S. Aggregate | Reduce -31.0% | 0.05% | −0.02 |
| SHAK Shake Shack Inc. Class A | Sold out | 0.00% | −0.02 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -4.0% | 0.25% | −0.02 |
| INTC Intel Corp. | Sold out | 0.00% | −0.02 |
| ETN Eaton Corp. PLC | Reduce -5.4% | 0.29% | −0.02 |
| HYD Vaneck High Yield Muni ETF | Sold out | 0.00% | −0.02 |
| GNR State Street SPDR S&P Global | Sold out | 0.00% | −0.02 |
| EQIX Equinix Inc. | Sold out | 0.00% | −0.01 |
| RICK Rci Hospitality Holdings Inc. | Sold out | 0.00% | −0.01 |
| DHI D.R. Horton Inc. | Reduce -13.0% | 0.03% | −0.01 |
| CDNS Cadence Design SYS Inc. | Reduce -42.3% | 0.01% | −0.01 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.01 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.01 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -40.4% | 0.01% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -14.5% | 0.05% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.5% | 0.09% | −0.01 |
| UFPT Ufp Technologies Inc. | Reduce -5.9% | 0.41% | −0.01 |
| MUB iShares National Muni Bond E | Reduce -17.8% | 0.04% | −0.01 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.01 |
| CMI Cummins Inc. | Sold out | 0.00% | −0.01 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.01 |
| ALL Allstate Corp. | Reduce -19.4% | 0.03% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -0.9% | 0.28% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -5.0% | 0.19% | −0.01 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.01 |
| BAX Baxter International Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| TLT iShares 20+ Year Treasury BD | Add +11463.6% | 8.21% | +8.13 |
| AVDE Avantis International Equity | Add +115.1% | 9.79% | +5.09 |
| XMHQ Invesco S&P Midcap Qual ETF | New | 3.10% | +3.10 |
| VGT Vanguard Info Tech ETF | Add +42.1% | 5.43% | +1.93 |
| NVDA Nvidia Corp. | Add +31.5% | 1.47% | +0.65 |
| UBND Victoryshares Core Plus Bond | New | 0.48% | +0.48 |
| ORLY O'reilly Automotive Inc. | Add +112.9% | 0.97% | +0.48 |
| AVUS Avantis U.S. Equity ETF | Add +4.8% | 8.62% | +0.39 |
| GRBK Green Brick Partners Inc. | New | 0.38% | +0.38 |
| MEDP Medpace Holdings Inc. | Add +51.1% | 0.91% | +0.31 |
| QLTY GMO U.S. Quality ETF | Add +98.2% | 0.60% | +0.31 |
| AAPL Apple Inc. | Add +3.2% | 1.49% | +0.30 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.29% | +0.29 |
| TKO Tko Group Holdings Inc. | Add +23.8% | 0.78% | +0.27 |
| PBR Petroleo Brasileiro-Spon ADR | Add +152.7% | 0.45% | +0.26 |
| META Meta Platforms Inc. Class A | Add +20.8% | 1.10% | +0.22 |
| AMAT Applied Materials Inc. | Add +13.7% | 0.89% | +0.20 |
| MELI MercadoLibre Inc. | Add +42.1% | 0.56% | +0.19 |
| JSI JH Securitized Income ETF | New | 0.19% | +0.19 |
| AMZN Amazon.com Inc. | Add +9.3% | 1.28% | +0.18 |
| APP AppLovin Corp. Class A | Add +19.0% | 0.59% | +0.17 |
| NSSC Napco Security Technologies | Add +14.7% | 0.49% | +0.16 |
| ORCL Oracle Corp. | Add +5.5% | 0.84% | +0.13 |
| SMTH Alps SMTH Cor BD Plus ETF | Add +14.7% | 0.99% | +0.11 |
| VSTS Vestis Corp. | New | 0.11% | +0.11 |
| ADBE Adobe Inc. | Add +10.1% | 0.62% | +0.10 |
| TOL Toll Brothers Inc. | New | 0.10% | +0.10 |
| LIN Linde PLC | Add +20.6% | 0.83% | +0.10 |
| NOW ServiceNow Inc. | Add +22.4% | 0.45% | +0.09 |
| FCX Freeport-McMoran Inc. | Add +6.9% | 1.03% | +0.09 |
| MS Morgan Stanley | Add +8.5% | 0.89% | +0.09 |
| WMB Williams Cos Inc. | Add +52.0% | 0.22% | +0.09 |
| MSFT Microsoft Corp. | Add +3.2% | 1.03% | +0.08 |
| V Visa Inc. Class A | Add +15.1% | 1.21% | +0.08 |
| USFR Wisdomtree Floating Rate Tre | New | 0.07% | +0.07 |
| SYK Stryker Corp. | Add +317.6% | 0.09% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +7.2% | 0.73% | +0.06 |
| AJG Arthur J Gallagher & Co. | Add +18.1% | 0.34% | +0.06 |
| GNRC Generac Holdings Inc. | Add +17.3% | 0.32% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +7.3% | 0.78% | +0.05 |
| TTE Totalenergies SE -Spon ADR | Add +46.5% | 0.17% | +0.05 |
| VZ Verizon Communications Inc. | Add +35.1% | 0.20% | +0.05 |
| AMGN Amgen Inc. | Add +20.1% | 0.20% | +0.05 |
| CTAS Cintas Corp. | Add +5.6% | 0.71% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +2.1% | 0.24% | +0.04 |
| CVX Chevron Corp. | Add +6.3% | 0.78% | +0.03 |
| AME Ametek Inc. | New | 0.03% | +0.03 |
| MRK Merck & Co. Inc. | Add +10.3% | 1.17% | +0.03 |
| HON Honeywell International Inc. | Add +6.0% | 0.31% | +0.03 |
| IESC Ies Holdings Inc. | New | 0.03% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 356 | $5.9B | UBND, GSIE, AVUS, SMTH, DFAU |
| Q1 2026 | 374 | $5.3B | UBND, GSIE, AVUS, SMTH, DFAU |
| Q4 2025 | 357 | $5.2B | UBND, AVUS, SMTH, AVEM, IOO |
| Q3 2025 | 314 | $4.7B | UBND, AVUS, AVDE, AVEM, IOO |
| Q2 2025 | 321 | $4.2B | UBND, AVUS, GFLW, AVDE, IOO |
| Q1 2025 | 309 | $3.5B | AVDE, AVUS, JAAA, VGLT, GFLW |
| Q4 2024 | 309 | $3.3B | AVUS, AVDE, VGLT, JQUA, AVEM |
| Q3 2024 | 286 | $3.1B | AVDE, AVUS, USFR, AVEM, JQUA |
| Q2 2024 | 283 | $2.8B | AVDE, AVUS, TLT, JQUA, VGT |
| Q1 2024 | 285 | $2.8B | AVUS, JQUA, TLH, VIG, COWZ |