1y return+13.1%S&P 500 +20.9%
3y return+51.1%S&P 500 +68.5%
5y return+47.0%S&P 500 +74.5%
10y return+162.7%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $263 against $357 in the S&P 500.2
Annex Advisory Services, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| UBNDVictory Portfolios II | $410.8M | 7.0% | +6.9% |
| GSIEGoldman Sachs Etf Tr | $282.7M | 4.8% | +10.9% |
| AVUSAmerican Centy Etf Tr | $259.4M | 4.4% | +5.0% |
| SMTHAlps Etf Tr | $237.8M | 4.1% | +14.6% |
| DFAUDimensional Etf Trust | $225.3M | 3.8% | +17.6% |
| LRGFIshares Tr | $214.8M | 3.7% | +108.5% |
| DFAIDimensional Etf Trust | $170.3M | 2.9% | +5.5% |
| AVEMAmerican Centy Etf Tr | $149.5M | 2.6% | +1.0% |
| AVDEAmerican Centy Etf Tr | $134.2M | 2.3% | −3.3% |
| NVDANvidia Corporation | $131.4M | 2.2% | −18.9% |
| AAPLApple Inc | $131.3M | 2.2% | −1.4% |
| DFICDimensional Etf Trust | $99.2M | 1.7% | +8.2% |
| GOOGLAlphabet Inc | $95.0M | 1.6% | |
| ADIAnalog Devices Inc | $94.0M | 1.6% | −1.5% |
| PCYInvesco Exch Traded Fd Tr II | $91.2M | 1.6% | +5.3% |
| DFAEDimensional Etf Trust | $91.2M | 1.6% | +8.0% |
| VGLTVanguard Scottsdale Fds | $89.7M | 1.5% | +13989.5% |
| BABInvesco Exch Traded Fd Tr II | $89.4M | 1.5% | +4.8% |
| MSFTMicrosoft Corp | $87.8M | 1.5% | −1.5% |
| AMZNAmazon Com Inc | $84.6M | 1.4% | −24.9% |
| TKOTko Group Holdings Inc | $84.3M | 1.4% | +1.3% |
| AVGOBroadcom Inc | $81.4M | 1.4% | −4.3% |
| VVisa Inc | $78.5M | 1.3% | −1.9% |
| IAGGIshares Tr | $74.7M | 1.3% | +9.6% |
| KBWBInvesco Exch Traded Fd Tr II | $70.3M | 1.2% | +94.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | December 31, 2020 | +1432.6% | $131.4M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $95.0M |
| AVGOBroadcom Inc | June 30, 2023 | +335.5% | $81.4M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $131.3M |
| Asml Hldg NvCUSIP N07059210 | December 31, 2024 | +187.0% | $49.1M |
| PMPhilip Morris Intl Inc | June 30, 2020 | +158.2% | $46.4M |
| METAMeta Platforms Inc | June 30, 2020 | +148.1% | $62.1M |
| MSMorgan Stanley | June 30, 2023 | +144.8% | $70.2M |
| TKOTko Group Holdings Inc | September 30, 2023 | +139.5% | $84.3M |
| VTIVanguard Index Fds | June 30, 2020 | +136.4% | $43.8M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $13.9M
- DHRDanaher Corp Del was $3.0M
- TRNSTranscat Inc was $1.2M
- CLSCelestica Inc was $902K
- RBRKRubrik Inc. was $712K
- WLDNWilldan Group Inc was $699K
- WINAWinmark Corp was $611K
- INTUIntuit was $543K
- BXBlackstone Inc was $499K
- WSTWest Pharmaceutical Svsc Inc was $380K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.8% | +14.8% |
| March 31, 2026 | −2.8% | −4.6% |
| December 31, 2025 | −0.3% | +2.4% |
| September 30, 2025 | +6.3% | +7.8% |
| June 30, 2025 | +10.1% | +10.5% |
| March 31, 2025 | −1.0% | −4.6% |
| December 31, 2024 | −0.0% | +2.1% |
| September 30, 2024 | +5.8% | +5.4% |
| June 30, 2024 | +0.7% | +4.0% |
| March 31, 2024 | +7.4% | +10.0% |
| December 31, 2023 | +10.7% | +11.2% |
| September 30, 2023 | −3.3% | −3.6% |
| June 30, 2023 | +5.0% | +8.3% |
| March 31, 2023 | +5.0% | +7.0% |
| December 31, 2022 | +9.7% | +7.1% |
| September 30, 2022 | −5.9% | −5.3% |
| June 30, 2022 | −16.5% | −16.5% |
| March 31, 2022 | −3.9% | −4.9% |
| December 31, 2021 | +8.7% | +10.7% |
| September 30, 2021 | −1.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Annex Advisory Services, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1542287&type=13F-HR&dateb=&owner=include&count=40CIK 1542287
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1542287/000154228726000003/Filed July 10, 2026 · accession 0001542287-26-000003