ANNEX ADVISORY SERVICES LLC
Q1 2026 Form 13-F
BROOKFIELD, WISCONSIN
CIK 0001542287
· CRD 127987
· SEC-registered investment adviser
$5.3B Reported Value Total
ANNEX WEALTH MANAGEMENT, LLC reports 22,003 total accounts under management (AUM). There are 21,926 discretionary accounts valued at $7,810,537,680, and 77 non-discretionary accounts valued at $239,486,281.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-04-17
Reported value
$5.3B
Quarter over quarter
-2.6%
Holdings
374
Top-10 concentration
35.9%
Key People
Form ADV owners & control persons
David Joseph Spano
CEO
Naomi Karol Ackley
CHIEF COMPLIANCE OFFICER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q1 2026 13F record
Q1 2026 13F filing summary
| Period of report | March 31, 2026 |
|---|---|
| Filed | April 16, 2026 |
| Form | 13F-HR |
| Reported value | $5.3B |
| Positions | 374 |
| Change in reported value | +1.9% |
| New positions | 38 |
| Exited positions | 21 |
| Position turnover | 14.9% |
| Top-10 concentration | 35.9% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 15, 2026
|
377 | $6.1B |
|
Q2 2026 13F
Filed Jul 10, 2026
|
356 | $5.9B |
|
Q1 2026 13F
Filed Apr 16, 2026
|
374 | $5.3B |
|
Q4 2025 13F
Filed Jan 26, 2026
|
357 | $5.2B |
|
Q3 2025 13F
Filed Oct 17, 2025
|
314 | $4.7B |
|
Q2 2025 13F
Filed Jul 11, 2025
|
321 | $4.2B |
|
Q1 2025 13F
Filed Apr 11, 2025
|
309 | $3.5B |
|
Q4 2024 13F
Filed Jan 16, 2025
|
309 | $3.3B |
|
Q3 2024 13F
Filed Oct 10, 2024
|
286 | $3.1B |
|
Q2 2024 13F
Filed Jul 12, 2024
|
283 | $2.8B |
|
Q1 2024 13F
Filed Apr 12, 2024
|
285 | $2.8B |
|
Q4 2023 13F
Filed Feb 13, 2024
|
266 | $2.4B |
|
Q3 2023 13F
Filed Nov 1, 2023
|
254 | $1.7B |
|
Q2 2023 13F
Filed Jul 24, 2023
|
250 | $1.8B |
|
Q1 2023 13F
Filed Apr 27, 2023
|
243 | $1.9B |
|
Q4 2022 13F
Filed Jan 30, 2023
|
252 | $1.8B |
|
Q3 2022 13F
Filed Oct 24, 2022
|
238 | $1.5B |
|
Q2 2022 13F
Filed Jul 27, 2022
|
256 | $1.4B |
|
Q1 2022 13F
Filed Apr 13, 2022
|
249 | $1.4B |
|
Q4 2021 13F
Filed Jan 31, 2022
|
250 | $1.5B |
34 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q1 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | UBND VICTORY PORTFOLIOS II | $385.1M | 7.22% |
| 2 | GSIE GOLDMAN SACHS ETF TR | $240.5M | 4.51% |
| 3 | AVUS AMERICAN CENTY ETF TR | $214.5M | 4.02% |
| 4 | SMTH ALPS ETF TR | $207.5M | 3.89% |
| 5 | DFAU DIMENSIONAL ETF TRUST | $167.3M | 3.13% |
| 6 | IOO ISHARES TR | $153.9M | 2.88% |
| 7 | DFAI DIMENSIONAL ETF TRUST | $152.4M | 2.86% |
| 8 | NVDA NVIDIA CORPORATION | $141.2M | 2.65% |
| 9 | AVDE AMERICAN CENTY ETF TR | $132.0M | 2.47% |
| 10 | AVEM AMERICAN CENTY ETF TR | $123.5M | 2.31% |
| 11 | AAPL APPLE INC | $116.8M | 2.19% |
| 12 | AMZN AMAZON COM INC | $98.5M | 1.85% |
| 13 | LRGF ISHARES TR | $89.9M | 1.68% |
| 14 | MSFT MICROSOFT CORP | $88.4M | 1.66% |
| 15 | DFIC DIMENSIONAL ETF TRUST | $87.5M | 1.64% |
| 16 | BAB INVESCO EXCH TRADED FD TR II | $85.7M | 1.61% |
| 17 | PCY INVESCO EXCH TRADED FD TR II | $83.7M | 1.57% |
| 18 | TKO TKO GROUP HOLDINGS INC | $83.3M | 1.56% |
| 19 | FALN ISHARES TR | $81.2M | 1.52% |
| 20 | GOOGL ALPHABET INC | $76.9M | 1.44% |
Values as reported on the Q1 2026 Form 13F. Every position is in the holdings table below.