Analyzing Annex Advisory Services' 13F Holdings Changes from Q4 2022 to Q1 2023

Investors always look for valuable insights about the market, and understanding the movements of hedge funds and institutional investors can be a great way to understand the current trends. One essential report for these movements is the 13F filing with the SEC. In this blog post, we will be analyzing Annex Advisory Services' 13F Holdings Changes from Q4 2022 to Q1 2023. This report presents a great opportunity to see which stocks and sectors the fund has been adding to or trimming from its portfolio. Let's take a closer look at the data.

Annex Advisory Services, LLC is a hedge fund that manages over $500 million in assets. In the fourth quarter of 2022, the fund held 27 stocks worth $1.8 billion. In the first quarter of 2023, the fund increased its positions by 2.5% and held 27 stocks worth $1.8 billion. The fund has made significant changes to its portfolio. Let's look at some of the notable changes.

One of the most significant changes that Annex Advisory Services made was to its holdings in American Century ETF Trust. The fund had two holdings, AVUV and AVEM, in the ETF Trust. The fund reduced its holdings in AVUV by 2.2%, while it increased its position in AVEM by 37.9%. This is a significant change, and we will have to see if the fund continues to hold onto its position in AVEM.

Another notable change was in the fund's holdings in Franco-Nev Corp (FNV.TO). The fund increased its position by 80.6% from Q4 2022 to Q1 2023. Franco-Nev Corp is a Canada-based company that engages in the acquisition, exploration, and development of gold properties. Gold prices have been fluctuating, and this could be a reason why Annex Advisory Services has increased its position. We will have to see if the fund continues to hold onto its position in the future.

In the tech sector, Annex Advisory Services made some significant changes to its holdings. The fund increased its position in Adobe Systems Incorporated (ADBE) by 24%. The fund also increased its position in NVIDIA Corporation (NVDA) by 52.9%. However, the fund reduced its position in Alphabet Inc (GOOGL) by 527.7%. These changes reflect the volatility in the tech sector and the fund's attempts to capitalize on the market.

Finally, we need to talk about the fund's holdings in ConocoPhillips (COP). Annex Advisory Services reduced its position in COP by 23.2%. COP is an oil and gas exploration and production company. Oil prices have been very volatile, and this could be a reason why the fund decided to reduce its position.

In conclusion, Annex Advisory Services' 13F filings for Q4 2022 and Q1 2023 show that the fund has made significant changes to its portfolio. From reducing its position in COP to increasing its position in AVEM, the fund has shown that it is willing to make changes to its portfolio to capitalize on market conditions. As an investor, it is crucial to understand these holdings changes and use them to inform your investment decisions.