Annex Advisory Services, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 10, 2024), Annex Advisory Services, LLC reported 286 stock positions worth $3.1 billion. Its top holding was Avantis International Equity (AVDE) at 12.4% of the portfolio, followed by Avantis U.S. Equity ETF (AVUS, 10.3%) and Wisdomtree Floating Rate Tre (USFR, 5.7%). Compared with Q2 2024, it opened 25 new positions, sold out of 22, added to 127 and reduced 104. The biggest buy was Wisdomtree Floating Rate Tre (USFR, shares +8648%) and the biggest sale iShares 20+ Year Treasury BD (TLT, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- BROOKFIELD, WI
- CIK
- 0001542287
- Portfolio Value
- $3.1B (Q3 2024)
- SEC Filing
- 0001085146-24-004836 ↗ filed Oct 10, 2024
Holdings Value
Holdings 286 stocks · $3.1B
| AVDE Avantis International Equity | 12.35% | 5,760,406 | $386.1M | Add +29.0% |
| AVUS Avantis U.S. Equity ETF | 10.33% | 3,393,936 | $322.9M | Add +25.0% |
| USFR Wisdomtree Floating Rate Tre | 5.65% | 3,517,653 | $176.7M | Add +8647.5% |
| AVEM Avantis Emerging Markets Eq | 5.25% | 2,539,099 | $164.0M | Add +13.8% |
| JQUA JPMorgan US Quality Factor | 4.66% | 2,572,322 | $145.5M | Reduce -32.8% |
| QLTY GMO U.S. Quality ETF | 3.67% | 3,513,341 | $114.6M | Add +538.7% |
| VFLO Victoryshares Free Cash Flow | 3.08% | 2,891,725 | $96.3M | New |
| XMHQ Invesco S&P Midcap Qual ETF | 2.98% | 908,154 | $93.2M | Add +0.1% |
| AAPL Apple Inc. | 2.23% | 298,608 | $69.6M | Add +48.5% |
| NVDA Nvidia Corp. | 1.53% | 394,545 | $47.9M | Add +16.8% |
| SMTH Alps SMTH Cor BD Plus ETF | 1.38% | 1,631,326 | $43.1M | Add +47.9% |
| V Visa Inc. Class A | 1.33% | 151,319 | $41.6M | Add +15.3% |
| META Meta Platforms Inc. Class A | 1.28% | 70,057 | $40.1M | Add +12.7% |
| AMZN Amazon.com Inc. | 1.27% | 213,475 | $39.8M | Add +13.2% |
| VTI VG Morningstar TS MKT ETF-US | 1.23% | 136,295 | $38.6M | Reduce -1.9% |
| MRK Merck & Co. Inc. | 1.12% | 308,416 | $35.0M | Add +14.7% |
| ORLY O'reilly Automotive Inc. | 1.02% | 27,609 | $31.8M | Add +6.1% |
| APP AppLovin Corp. Class A | 1.01% | 242,219 | $31.6M | Add +21.0% |
| AVDV Avantis Intl S/C Value ETF | 1.01% | 446,840 | $31.6M | Add +16.1% |
| FCX Freeport-McMoran Inc. | 0.99% | 623,031 | $31.1M | Add +3.4% |
| ORCL Oracle Corp. | 0.98% | 180,337 | $30.7M | Add +6.5% |
| MSFT Microsoft Corp. | 0.93% | 67,835 | $29.2M | Add +3.3% |
| TKO Tko Group Holdings Inc. | 0.93% | 234,398 | $29.0M | Add +14.1% |
| UBND Victoryshares Core Plus Bond | 0.90% | 1,266,544 | $28.2M | Add +99.3% |
| LIN Linde PLC | 0.90% | 58,760 | $28.0M | Add +9.4% |
| MS Morgan Stanley | 0.87% | 261,119 | $27.2M | Add +0.9% |
| AMAT Applied Materials Inc. | 0.87% | 134,354 | $27.1M | Add +25.6% |
| CTAS Cintas Corp. | 0.83% | 125,453 | $25.8M | Add +8.9% |
| UNH Unitedhealth Group Inc. | 0.78% | 41,955 | $24.5M | Add +2.7% |
| MEDP Medpace Holdings Inc. | 0.78% | 73,435 | $24.5M | Add +17.3% |
| IJR iShares Core S&P Small-Cap E | 0.77% | 204,914 | $24.0M | Add +5.6% |
| COST Costco Wholesale Corp. | 0.74% | 26,165 | $23.2M | Add +7.2% |
| VIG Vanguard Dividend Apprec ETF | 0.72% | 113,892 | $22.6M | Reduce -8.2% |
| MELI MercadoLibre Inc. | 0.71% | 10,795 | $22.2M | Add +11.5% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.69% | 426,198 | $21.7M | New |
| CRM Salesforce Inc. | 0.66% | 75,685 | $20.7M | Add +9.0% |
| SFM Sprouts Farmers Market Inc. | 0.66% | 185,515 | $20.5M | Add +10.3% |
| CVX Chevron Corp. | 0.64% | 136,455 | $20.1M | Reduce -3.4% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.64% | 283,296 | $19.8M | Reduce -1.9% |
| VGT Vanguard Info Tech ETF | 0.63% | 33,420 | $19.6M | Reduce -87.5% |
| GRBK Green Brick Partners Inc. | 0.57% | 214,886 | $17.9M | Add +15.1% |
| ADBE Adobe Inc. | 0.57% | 34,487 | $17.9M | Add +9.2% |
| PSX Phillips 66 | 0.55% | 129,632 | $17.0M | Reduce -2.7% |
| NOW ServiceNow Inc. | 0.53% | 18,476 | $16.5M | Add +12.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.53% | 69,290 | $16.4M | Reduce -2.3% |
| FNV Franco-Nevada Corp. | 0.51% | 127,857 | $15.9M | Add +9.0% |
| UNP Union Pacific Corp. | 0.49% | 62,632 | $15.4M | Add +13.1% |
| HOOD Robinhood Markets Inc. Class A | 0.47% | 633,685 | $14.8M | New |
| UFPT Ufp Technologies Inc. | 0.46% | 45,868 | $14.5M | Add +4.9% |
| AOS Smith (a.o.) Corp. | 0.45% | 156,766 | $14.1M | Reduce -33.2% |
| PBR Petroleo Brasileiro-Spon ADR | 0.45% | 966,688 | $13.9M | Add +8.6% |
| MRSH Marsh & McLennan Cos | 0.42% | 59,386 | $13.2M | Add +3.1% |
| JSI JH Securitized Income ETF | 0.42% | 247,915 | $13.1M | Add +137.7% |
| ABBV Abbvie Inc. | 0.40% | 63,010 | $12.4M | Reduce -3.0% |
| NSSC Napco Security Technologies | 0.39% | 303,805 | $12.3M | Add +12.9% |
| GNRC Generac Holdings Inc. | 0.38% | 75,102 | $11.9M | Add +8.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.37% | 41,101 | $11.6M | Add +10.6% |
| IPAR Interparfums Inc. | 0.36% | 86,736 | $11.2M | Add +32.4% |
| WST West Pharmaceutical Services | 0.35% | 36,080 | $10.8M | Add +43.3% |
| JPM JPMorgan Chase & Co. | 0.35% | 51,214 | $10.8M | Reduce -52.9% |
| DPZ Domino's Pizza Inc. | 0.34% | 24,446 | $10.5M | New |
| WEC WEC Energy Group Inc. | 0.32% | 103,859 | $10.0M | Add +6.9% |
| HON Honeywell International Inc. | 0.30% | 45,666 | $9.4M | Add +10.5% |
| GS Goldman Sachs Group Inc. | 0.29% | 18,197 | $9.0M | Reduce -2.0% |
| QUAL iShares MSCI USA Quality Fac | 0.29% | 50,080 | $9.0M | Reduce -2.4% |
| ETN Eaton Corp. PLC | 0.29% | 27,064 | $9.0M | Add +2.4% |
| HD Home Depot Inc. | 0.28% | 21,502 | $8.7M | Reduce -0.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.27% | 47,966 | $8.3M | Add +2.8% |
| XLV SS Health Care Select Sector | 0.26% | 52,640 | $8.1M | Reduce -3.0% |
| ABT Abbott Laboratories | 0.25% | 69,851 | $8.0M | Add +4.9% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.25% | 168,591 | $7.7M | Reduce -2.4% |
| VLO Valero Energy Corp. | 0.24% | 56,416 | $7.6M | Add +20.1% |
| WMB Williams Cos Inc. | 0.24% | 165,414 | $7.6M | Add +11.1% |
| TOL Toll Brothers Inc. | 0.23% | 46,763 | $7.2M | Add +91.4% |
| IVV iShares Core S&P 500 ETF | 0.23% | 12,210 | $7.0M | Reduce -1.7% |
| AVGO Broadcom Inc. | 0.22% | 40,062 | $6.9M | Reduce -3.4% |
| GOOGL Alphabet Inc. Class A | 0.21% | 39,034 | $6.5M | Add +2.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.19% | 10,485 | $6.0M | Add +0.4% |
| COP Conocophillips | 0.19% | 57,092 | $6.0M | Reduce -2.1% |
| VZ Verizon Communications Inc. | 0.19% | 131,705 | $5.9M | Reduce -3.7% |
| AMGN Amgen Inc. | 0.18% | 17,795 | $5.7M | Reduce -1.9% |
| PG The Procter & Gamble Co. | 0.18% | 32,503 | $5.6M | Reduce -3.1% |
| TMO Thermo Fisher Scientific Inc. | 0.17% | 8,572 | $5.3M | Add +6.4% |
| MAMA Mama's Creations Inc. | 0.17% | 714,308 | $5.2M | Add +693.5% |
| JNJ Johnson & Johnson | 0.16% | 30,892 | $5.0M | Add +0.7% |
| MNST Monster Beverage Corp. | 0.16% | 93,269 | $4.9M | Add +30.0% |
| TTE Totalenergies SE -Spon ADR | 0.15% | 73,399 | $4.7M | Add +0.7% |
| COWZ Pacer US Cash Cows 100 ETF | 0.14% | 76,504 | $4.4M | Reduce -96.9% |
| QCOM Qualcomm Inc. | 0.14% | 25,550 | $4.3M | Add +16.6% |
| KSS Kohls Corp. | 0.14% | 200,789 | $4.2M | Add +2.1% |
| DOV Dover Corp. | 0.13% | 21,853 | $4.2M | Reduce -2.9% |
| VSTS Vestis Corp. | 0.12% | 258,948 | $3.9M | Add +1.2% |
| LLY Eli Lilly & Co. | 0.12% | 4,221 | $3.7M | Reduce -4.1% |
| LPLA LPL Financial Holdings Inc. | 0.12% | 15,606 | $3.6M | Add +35.1% |
| AEM Agnico Eagle Mines Ltd. | 0.11% | 42,284 | $3.4M | Reduce -22.1% |
| TLT iShares 20+ Year Treasury BD | 0.10% | 32,884 | $3.2M | Reduce -98.7% |
| IWF iShares Russell 1000 Growth | 0.10% | 8,306 | $3.1M | Reduce -0.1% |
| SYK Stryker Corp. | 0.10% | 8,314 | $3.0M | Add +6.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.09% | 6,201 | $2.9M | Reduce -0.5% |
| HPQ HP Inc. | 0.09% | 77,829 | $2.8M | Add +0.5% |
Portfolio Sells Q2 2024 → Q3 2024
| TLT iShares 20+ Year Treasury BD | Reduce -98.7% | 0.10% | −8.10 |
| VGT Vanguard Info Tech ETF | Reduce -87.5% | 0.63% | −4.80 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -96.9% | 0.14% | −4.59 |
| JQUA JPMorgan US Quality Factor | Reduce -32.8% | 4.66% | −2.48 |
| JPM JPMorgan Chase & Co. | Reduce -52.9% | 0.35% | −0.43 |
| CELH Celsius Holdings Inc. | Sold out | 0.00% | −0.27 |
| AOS Smith (a.o.) Corp. | Reduce -33.2% | 0.45% | −0.23 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.22 |
| CVX Chevron Corp. | Reduce -3.4% | 0.64% | −0.14 |
| CSCO Cisco Systems Inc. | Reduce -92.0% | 0.01% | −0.13 |
| PSX Phillips 66 | Reduce -2.7% | 0.55% | −0.12 |
| VIG Vanguard Dividend Apprec ETF | Reduce -8.2% | 0.72% | −0.08 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.9% | 1.23% | −0.07 |
| TLH iShares 10-20 Year Treasury | Reduce -42.1% | 0.08% | −0.06 |
| AVUV Avantis US Small Cap Value | Reduce -39.3% | 0.07% | −0.05 |
| CTS CTS Corp. | Sold out | 0.00% | −0.04 |
| COP Conocophillips | Reduce -2.1% | 0.19% | −0.04 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -1.9% | 0.64% | −0.04 |
| IQLT iShares MSCI International Q | Reduce -47.5% | 0.04% | −0.04 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -46.2% | 0.02% | −0.03 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.02 |
| QUAL iShares MSCI USA Quality Fac | Reduce -2.4% | 0.29% | −0.02 |
| AGG iShares Core U.S. Aggregate | Reduce -40.1% | 0.03% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -4.1% | 0.12% | −0.02 |
| XLV SS Health Care Select Sector | Reduce -3.0% | 0.26% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.3% | 0.53% | −0.02 |
| PLAB Photronics Inc. | Sold out | 0.00% | −0.02 |
| JBI Janus International Group Inc. | Sold out | 0.00% | −0.02 |
| MU Micron Technology Inc. | Reduce -2.0% | 0.04% | −0.02 |
| AEM Agnico Eagle Mines Ltd. | Reduce -22.1% | 0.11% | −0.02 |
| AMGN Amgen Inc. | Reduce -1.9% | 0.18% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -3.1% | 0.18% | −0.01 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.01 |
| MINT PIMCO Enhanced Short Maturit | Sold out | 0.00% | −0.01 |
| HDEF Xtrackers MSCI Eafe High Div | Sold out | 0.00% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -1.7% | 0.23% | −0.01 |
| AVGO Broadcom Inc. | Reduce -3.4% | 0.22% | −0.01 |
| DVN Devon Energy Corp. | Reduce -3.5% | 0.03% | −0.01 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.01 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -37.4% | 0.01% | −0.01 |
| ROL Rollins Inc. | Reduce -41.8% | 0.01% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -3.7% | 0.19% | −0.01 |
| DOV Dover Corp. | Reduce -2.9% | 0.13% | −0.01 |
| XLK SS Technology Select Sector | Reduce -15.9% | 0.03% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -0.2% | 0.04% | −0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -5.1% | 0.09% | −0.01 |
| BA The Boeing Co. | Sold out | 0.00% | −0.01 |
| UTL Unitil Corp. | Reduce -25.2% | 0.03% | −0.01 |
| VGLT Vanguard Long-Term Treasury | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| USFR Wisdomtree Floating Rate Tre | Add +8647.5% | 5.65% | +5.58 |
| VFLO Victoryshares Free Cash Flow | New | 3.08% | +3.08 |
| QLTY GMO U.S. Quality ETF | Add +538.7% | 3.67% | +3.06 |
| AVDE Avantis International Equity | Add +29.0% | 12.35% | +2.56 |
| AVUS Avantis U.S. Equity ETF | Add +25.0% | 10.33% | +1.71 |
| AAPL Apple Inc. | Add +48.5% | 2.23% | +0.73 |
| JMST JPM Ultra-Short Muni Income | New | 0.69% | +0.69 |
| HOOD Robinhood Markets Inc. Class A | New | 0.47% | +0.47 |
| AVEM Avantis Emerging Markets Eq | Add +13.8% | 5.25% | +0.45 |
| APP AppLovin Corp. Class A | Add +21.0% | 1.01% | +0.43 |
| UBND Victoryshares Core Plus Bond | Add +99.3% | 0.90% | +0.42 |
| SMTH Alps SMTH Cor BD Plus ETF | Add +47.9% | 1.38% | +0.39 |
| DPZ Domino's Pizza Inc. | New | 0.34% | +0.34 |
| JSI JH Securitized Income ETF | Add +137.7% | 0.42% | +0.23 |
| GRBK Green Brick Partners Inc. | Add +15.1% | 0.57% | +0.20 |
| META Meta Platforms Inc. Class A | Add +12.7% | 1.28% | +0.18 |
| SFM Sprouts Farmers Market Inc. | Add +10.3% | 0.66% | +0.16 |
| MELI MercadoLibre Inc. | Add +11.5% | 0.71% | +0.15 |
| TKO Tko Group Holdings Inc. | Add +14.1% | 0.93% | +0.15 |
| MAMA Mama's Creations Inc. | Add +693.5% | 0.17% | +0.15 |
| ORCL Oracle Corp. | Add +6.5% | 0.98% | +0.14 |
| TOL Toll Brothers Inc. | Add +91.4% | 0.23% | +0.13 |
| AVDV Avantis Intl S/C Value ETF | Add +16.1% | 1.01% | +0.13 |
| V Visa Inc. Class A | Add +15.3% | 1.33% | +0.12 |
| CTAS Cintas Corp. | Add +8.9% | 0.83% | +0.12 |
| IPAR Interparfums Inc. | Add +32.4% | 0.36% | +0.09 |
| NOW ServiceNow Inc. | Add +12.6% | 0.53% | +0.07 |
| LIN Linde PLC | Add +9.4% | 0.90% | +0.07 |
| NVDA Nvidia Corp. | Add +16.8% | 1.53% | +0.06 |
| GNRC Generac Holdings Inc. | Add +8.5% | 0.38% | +0.06 |
| UFPT Ufp Technologies Inc. | Add +4.9% | 0.46% | +0.06 |
| RPM RPM International Inc. | New | 0.06% | +0.06 |
| WST West Pharmaceutical Services | Add +43.3% | 0.35% | +0.05 |
| UNP Union Pacific Corp. | Add +13.1% | 0.49% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +2.7% | 0.78% | +0.05 |
| WEC WEC Energy Group Inc. | Add +6.9% | 0.32% | +0.05 |
| ORLY O'reilly Automotive Inc. | Add +6.1% | 1.02% | +0.05 |
| USB US Bancorp | Add +163.8% | 0.07% | +0.04 |
| IESC Ies Holdings Inc. | Add +94.5% | 0.06% | +0.04 |
| IJR iShares Core S&P Small-Cap E | Add +5.6% | 0.77% | +0.04 |
| CRM Salesforce Inc. | Add +9.0% | 0.66% | +0.03 |
| YOU Clear Secure Inc. Class A | New | 0.03% | +0.03 |
| AJG Arthur J Gallagher & Co. | Add +10.6% | 0.37% | +0.03 |
| MNST Monster Beverage Corp. | Add +30.0% | 0.16% | +0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +204.5% | 0.04% | +0.03 |
| FCFS Firstcash Holdings Inc. | Add +43.7% | 0.07% | +0.02 |
| TRNS Transcat Inc. | Add +61.4% | 0.06% | +0.02 |
| WMB Williams Cos Inc. | Add +11.1% | 0.24% | +0.02 |
| FNV Franco-Nevada Corp. | Add +9.0% | 0.51% | +0.02 |
| HWKN Hawkins Inc. | Add +6.0% | 0.06% | +0.01 |
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 |