ANNEX ADVISORY SERVICES, LLC

Filed: 10/17/2025ACC: 0001542287-25-000002

📋 What this filing means

ANNEX ADVISORY SERVICES, LLC filed this quarterly 13F‑HR report disclosing 314 equity positions with a total reported market value of $4.70B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

314

Positions

$4.70B

Total AUM (reported)

72.26M

Total Shares

Allocation by class

COM$1.44B30.7%

CORE INTRMEDIATE$363.56M7.7%

US EQT ETF$284.76M6.1%

CL A$254.75M5.4%

COM CL A$192.62M4.1%

INTL EQT ETF$168.16M3.6%

AVANTIS EMGMKT$164.24M3.5%

Portfolio Concentration

Top 3$816.48M17.4%

4–10$937.16M19.9%

11–25$1.13B24.0%

Rest$1.82B38.7%

Top 3 weight

17.4%

Top 10 weight

37.3%

Voting Authority Distribution

Total shares with voting rights: 72.26M

Sole

Full voting authority

72.26M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole314

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings314

Rows:

VICTORY PORTFOLIOS II

SOLE

CORE INTRMEDIATE

Shares16.49M

TypeSH

Market value$363.56M

7.74%

Sole

16.49M

Shared

0.00

None

0.00

AMERICAN CENTY ETF TR

SOLE

US EQT ETF

Shares2.62M

TypeSH

Market value$284.76M

6.06%

Sole

2.62M

Shared

0.00

None

0.00

AMERICAN CENTY ETF TR

SOLE

INTL EQT ETF

Shares2.13M

TypeSH

Market value$168.16M

3.58%

Sole

2.13M

Shared

0.00

None

0.00

AMERICAN CENTY ETF TR

SOLE

AVANTIS EMGMKT

Shares2.19M

TypeSH

Market value$164.24M

3.50%

Sole

2.19M

Shared

0.00

None

0.00

ISHARES TR

SOLE

GLOBAL 100 ETF

Shares1.34M

TypeSH

Market value$161.11M

3.43%

Sole

1.34M

Shared

0.00

None

0.00

ALPS ETF TR

SOLE

SMITH CORE PLUS

Shares5.45M

TypeSH

Market value$142.69M

3.04%

Sole

5.45M

Shared

0.00

None

0.00

VICTORY PORTFOLIOS II

SOLE

VICTORYSHARES FR

Shares4.85M

TypeSH

Market value$139.18M

2.96%

Sole

4.85M

Shared

0.00

None

0.00

NVIDIA CORPORATION

SOLE

COM

Shares634.84K

TypeSH

Market value$118.45M

2.52%

Sole

634.84K

Shared

0.00

None

0.00

APPLE INC

SOLE

COM

Shares415.89K

TypeSH

Market value$105.90M

2.25%

Sole

415.89K

Shared

0.00

None

0.00

VICTORY PORTFOLIOS II

SOLE

SHARES FREE CASH

Shares2.82M

TypeSH

Market value$105.59M

2.25%

Sole

2.82M

Shared

0.00

None

0.00

META PLATFORMS INC

SOLE

CL A

Shares136.65K

TypeSH

Market value$100.35M

2.14%

Sole

136.65K

Shared

0.00

None

0.00

AMAZON COM INC

SOLE

COM

Shares431K

TypeSH

Market value$94.63M

2.01%

Sole

431K

Shared

0.00

None

0.00

MFS ACTIVE EXCHANGE TRADED F

SOLE

INTERNATINL ETF

Shares2.79M

TypeSH

Market value$82.40M

1.75%

Sole

2.79M

Shared

0.00

None

0.00

DIMENSIONAL ETF TRUST

SOLE

INTL CORE EQUITY

Shares2.50M

TypeSH

Market value$81.89M

1.74%

Sole

2.50M

Shared

0.00

None

0.00

ISHARES TR

SOLE

MBS ETF

Shares860.42K

TypeSH

Market value$81.87M

1.74%

Sole

860.42K

Shared

0.00

None

0.00

TKO GROUP HOLDINGS INC

SOLE

CL A

Shares399.43K

TypeSH

Market value$80.67M

1.72%

Sole

399.43K

Shared

0.00

None

0.00

HARBOR ETF TRUST

SOLE

INTERNATNAL COMP

Shares2.69M

TypeSH

Market value$79.58M

1.69%

Sole

2.69M

Shared

0.00

None

0.00

ROBINHOOD MKTS INC

SOLE

COM CL A

Shares512.34K

TypeSH

Market value$73.36M

1.56%

Sole

512.34K

Shared

0.00

None

0.00

VISA INC

SOLE

COM CL A

Shares214.06K

TypeSH

Market value$73.07M

1.56%

Sole

214.06K

Shared

0.00

None

0.00

BROADCOM INC

SOLE

COM

Shares208.46K

TypeSH

Market value$68.77M

1.46%

Sole

208.46K

Shared

0.00

None

0.00

OREILLY AUTOMOTIVE INC

SOLE

COM

Shares594.93K

TypeSH

Market value$64.14M

1.37%

Sole

594.93K

Shared

0.00

None

0.00

MICROSOFT CORP

SOLE

COM

Shares121.31K

TypeSH

Market value$62.83M

1.34%

Sole

121.31K

Shared

0.00

None

0.00

BLACKROCK ETF TRUST

SOLE

ISHARES US EQUIT

Shares1.06M

TypeSH

Market value$62.54M

1.33%

Sole

1.06M

Shared

0.00

None

0.00

VICTORY PORTFOLIOS II

SOLE

SHARES INTERNATN

Shares2.28M

TypeSH

Market value$62.15M

1.32%

Sole

2.28M

Shared

0.00

None

0.00

ASML HOLDING N V

SOLE

N Y REGISTRY SHS

Shares62.05K

TypeSH

Market value$60.07M

1.28%

Sole

62.05K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
VICTORY PORTFOLIOS IISOLE	CORE INTRMEDIATE	16.49M	SH	$363.56M 7.74%	16.49M
AMERICAN CENTY ETF TRSOLE	US EQT ETF	2.62M	SH	$284.76M 6.06%	2.62M
AMERICAN CENTY ETF TRSOLE	INTL EQT ETF	2.13M	SH	$168.16M 3.58%	2.13M
AMERICAN CENTY ETF TRSOLE	AVANTIS EMGMKT	2.19M	SH	$164.24M 3.50%	2.19M
ISHARES TRSOLE	GLOBAL 100 ETF	1.34M	SH	$161.11M 3.43%	1.34M
ALPS ETF TRSOLE	SMITH CORE PLUS	5.45M	SH	$142.69M 3.04%	5.45M
VICTORY PORTFOLIOS IISOLE	VICTORYSHARES FR	4.85M	SH	$139.18M 2.96%	4.85M
NVIDIA CORPORATIONSOLE	COM	634.84K	SH	$118.45M 2.52%	634.84K
APPLE INCSOLE	COM	415.89K	SH	$105.90M 2.25%	415.89K
VICTORY PORTFOLIOS IISOLE	SHARES FREE CASH	2.82M	SH	$105.59M 2.25%	2.82M
META PLATFORMS INCSOLE	CL A	136.65K	SH	$100.35M 2.14%	136.65K
AMAZON COM INCSOLE	COM	431K	SH	$94.63M 2.01%	431K
MFS ACTIVE EXCHANGE TRADED FSOLE	INTERNATINL ETF	2.79M	SH	$82.40M 1.75%	2.79M
DIMENSIONAL ETF TRUSTSOLE	INTL CORE EQUITY	2.50M	SH	$81.89M 1.74%	2.50M
ISHARES TRSOLE	MBS ETF	860.42K	SH	$81.87M 1.74%	860.42K
TKO GROUP HOLDINGS INCSOLE	CL A	399.43K	SH	$80.67M 1.72%	399.43K
HARBOR ETF TRUSTSOLE	INTERNATNAL COMP	2.69M	SH	$79.58M 1.69%	2.69M
ROBINHOOD MKTS INCSOLE	COM CL A	512.34K	SH	$73.36M 1.56%	512.34K
VISA INCSOLE	COM CL A	214.06K	SH	$73.07M 1.56%	214.06K
BROADCOM INCSOLE	COM	208.46K	SH	$68.77M 1.46%	208.46K
OREILLY AUTOMOTIVE INCSOLE	COM	594.93K	SH	$64.14M 1.37%	594.93K
MICROSOFT CORPSOLE	COM	121.31K	SH	$62.83M 1.34%	121.31K
BLACKROCK ETF TRUSTSOLE	ISHARES US EQUIT	1.06M	SH	$62.54M 1.33%	1.06M
VICTORY PORTFOLIOS IISOLE	SHARES INTERNATN	2.28M	SH	$62.15M 1.32%	2.28M
ASML HOLDING N VSOLE	N Y REGISTRY SHS	62.05K	SH	$60.07M 1.28%	62.05K

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