CIK: 1542287
ANNEX ADVISORY SERVICES, LLC
Address: 17950 W. CORPORATE DRIVE, SUITE 300, BROOKFIELD, WI 53045
α Alpha 0.7600↭ Flow 0.4300Mixed Active/Passive
378holdings (Q4 2025)
$5.24B13F reported value
+64 NEW+141 INCREASED-110 DECREASED-21 EXITED42 UNCHANGED
Total (Q4 25): $5,235,513,029
Top Holdings by Value
Position Changes (Q4 vs Q3)
Top 15 Positions ($)
Historical AUM (13F Reported)
$2.82B+$0.95B QoQPortfolio Value History (13F Reported)
Quarterly 13F portfolio value. QoQ change reflects value of disclosed long equity positions (new buys, sells, and price movements combined).
| Quarter | Portfolio Value | QoQ Change | QoQ % |
|---|---|---|---|
| Q4 25 | $5.24B | +$0.54B | +11.4% |
| Q3 25 | $4.70B | +$0.54B | +13.1% |
| Q2 25 | $4.15B | +$0.63B | +17.8% |
| Q1 25 | $3.53B | +$0.21B | +6.3% |
| Q4 24 | $3.32B | +$0.19B | +6.2% |
| Q3 24 | $3.13B | +$0.29B | +10.1% |
| Q2 24 | $2.84B | +$0.02B | +0.8% |
| Q1 24 | $2.82B | +$0.42B | +17.5% |
| Q4 23 | $2.40B | +$0.74B | +45.0% |
| Q3 23 | $1.65B | $-0.15B | -8.3% |
| Q2 23 | $1.80B | $-0.06B | -3.4% |
| Q1 23 | $1.87B | — | — |
QoQ = (quarter 13F value − prior quarter value) ÷ prior quarter value. Includes position changes, new buys, and exits. Not investment advice.
Information for Viewing 13F Reports:
- Name: The name of the company.
- CUSIP: A unique 9-character alphanumeric code that identifies a specific stock or security in the U.S.
- Class: The investment company's series name. A registered investment company may have multiple series, each with a separate securities portfolio.
- Value: The monetary value of the holdings in USD.
- Shares: The number of shares held.
- Share Price: The price of shares at the time of filing.
- Investment: The type of investment.
- % of Portfolio: The percentage that this position represents in the total portfolio.
| Quarter | Period of Report | Holdings | Value | Type | Filling Date | Filling ID |
|---|---|---|---|---|---|---|
| Q4 25 | 31-Dec-2025 | 357 | $5,235,513,029 | 13F-HR | 26-Jan-2026 | 0001542287-26-000001 |
| Q3 25 | 30-Sep-2025 | 314 | $4,698,361,597 | 13F-HR | 17-Oct-2025 | 0001542287-25-000002 |
| Q2 25 | 30-Jun-2025 | 321 | $4,153,894,894 | 13F-HR | 11-Jul-2025 | 0001085146-25-003756 |
| Q1 25 | 31-Mar-2025 | 309 | $3,526,782,116 | 13F-HR | 11-Apr-2025 | 0001085146-25-002042 |
| Q4 24 | 31-Dec-2024 | 311 | $3,318,852,531 | 13F-HR | 16-Jan-2025 | 0001085146-25-000240 |
| Q3 24 | 30-Sep-2024 | 286 | $3,125,754,885 | 13F-HR | 10-Oct-2024 | 0001085146-24-004836 |
| Q2 24 | 30-Jun-2024 | 283 | $2,839,524,094 | 13F-HR | 12-Jul-2024 | 0001085146-24-002868 |
| Q1 24 | 31-Mar-2024 | 285 | $2,815,706,795 | 13F-HR | 12-Apr-2024 | 0001085146-24-001754 |
| Q4 23 | 31-Dec-2023 | 266 | $2,395,973,743 | 13F-HR | 13-Feb-2024 | 0001085146-24-001177 |
| Q3 23 | 30-Sep-2023 | 254 | $1,652,729,818 | 13F-HR | 1-Nov-2023 | 0001085146-23-004009 |
| Q2 23 | 30-Jun-2023 | 250 | $1,801,740,134 | 13F-HR | 24-Jul-2023 | 0001085146-23-002848 |
| Q1 23 | 31-Mar-2023 | 243 | $1,865,913,182 | 13F-HR | 27-Apr-2023 | 0001085146-23-001937 |
| Q4 22 | 31-Dec-2022 | 252 | $1,775,034,867 | 13F-HR | 30-Jan-2023 | 0001085146-23-000451 |
| Q3 22 | 30-Sep-2022 | 238 | $1,483,438,000 | 13F-HR | 24-Oct-2022 | 0001085146-22-003567 |
| Q2 22 | 30-Jun-2022 | 256 | $1,384,826,000 | 13F-HR | 27-Jul-2022 | 0001085146-22-002612 |
| Q1 22 | 31-Mar-2022 | 250 | $1,366,882,000 | 13F-HR | 13-Apr-2022 | 0001085146-22-001379 |
| Q4 21 | 31-Dec-2021 | 250 | $1,459,091,000 | 13F-HR | 31-Jan-2022 | 0001085146-22-000386 |
| Q3 21 | 30-Sep-2021 | 213 | $1,222,444,000 | 13F-HR | 18-Oct-2021 | 0001085146-21-002808 |
| Q2 21 | 30-Jun-2021 | 218 | $1,233,555,000 | 13F-HR | 29-Jul-2021 | 0001085146-21-002130 |
| Q1 21 | 31-Mar-2021 | 202 | $1,038,797,000 | 13F-HR | 22-Apr-2021 | 0001085146-21-001274 |
| Q4 20 | 31-Dec-2020 | 193 | $1,021,227,000 | 13F-HR | 28-Jan-2021 | 0001085146-21-000289 |
| Q3 20 | 30-Sep-2020 | 137 | $784,463,000 | 13F-HR | 23-Oct-2020 | 0001085146-20-002631 |
| Q2 20 | 30-Jun-2020 | 123 | $717,237,000 | 13F-HR | 21-Jul-2020 | 0001085146-20-001846 |
| Q1 20 | 31-Mar-2020 | 123 | $706,216,000 | 13F-HR | 22-Apr-2020 | 0001085146-20-001176 |
| Q4 19 | 31-Dec-2019 | 155 | $1,403,873,000 | 13F-HR | 10-Feb-2020 | 0001085146-20-000524 |
| Q4 19 | 31-Dec-2019 | 132 | $825,301,000 | 13F-HR/A | 13-Feb-2020 | 0001085146-20-000646 |
| Q3 19 | 30-Sep-2019 | 124 | $744,270,000 | 13F-HR | 14-Nov-2019 | 0001085146-19-002972 |
| Q2 19 | 30-Jun-2019 | 119 | $710,261,000 | 13F-HR | 18-Jul-2019 | 0001085146-19-001924 |
| Q1 19 | 31-Mar-2019 | 132 | $667,263,000 | 13F-HR | 15-May-2019 | 0001062993-19-002246 |
| Q4 18 | 31-Dec-2018 | 129 | $634,334,000 | 13F-HR | 12-Feb-2019 | 0001062993-19-000683 |
| Q3 18 | 30-Sep-2018 | 134 | $647,085,000 | 13F-HR | 13-Nov-2018 | 0001062993-18-004547 |
| Q2 18 | 30-Jun-2018 | 129 | $586,732,000 | 13F-HR | 13-Aug-2018 | 0001062993-18-003294 |
| Q1 18 | 31-Mar-2018 | 129 | $549,768,000 | 13F-HR | 3-May-2018 | 0001062993-18-001897 |
| Q4 17 | 31-Dec-2017 | 122 | $528,982,000 | 13F-HR | 13-Feb-2018 | 0001062993-18-000691 |
| Q4 16 | 31-Dec-2016 | 110 | $411,842 | 13F-HR | 14-Feb-2017 | 0001062993-17-000822 |
| Q3 16 | 30-Sep-2016 | 111 | $384,413 | 13F-HR | 14-Nov-2016 | 0001062993-16-012253 |
| Q2 16 | 30-Jun-2016 | 115 | $369,100 | 13F-HR | 11-Aug-2016 | 0001062993-16-010981 |
| Q1 16 | 31-Mar-2016 | 114 | $352,437 | 13F-HR | 2-May-2016 | 0001062993-16-009326 |
| Q4 15 | 31-Dec-2015 | 113 | $341,267 | 13F-HR | 1-Feb-2016 | 0001062993-16-007378 |