International Business Machines Corporation
MX ˙ BMV ˙ US4592001014
SecurityMX:IBM / International Business Machines Corporation
InstitutionAnnex Advisory Services, LLC
Latest Disclosed Ownership10,068 shares
Latest Disclosed Value $ 2,440,328
Annex Advisory Services, LLC reports 31.85% decrease in ownership of IBM / International Business Machines Corporation

On April 16, 2026 - Annex Advisory Services, LLC filed a 13F-HR form disclosing ownership of 10,068 shares of International Business Machines Corporation (MX:IBM) valued at $2,440,328 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 14,773 shares of International Business Machines Corporation. This represents a change in shares of -31.85% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-16 2026-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 10,068 -4,705 -31.85 2,440 -44.23 0.0457
2026-01-26 2025-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 14,773 -51 -0.34 4,376 4.62 0.0836
2025-10-17 2025-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 14,824 -903 -5.74 4,183 -9.79 0.0890
2025-07-11 2025-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 15,727 3,348 27.05 4,636 50.62 0.1116
2025-04-11 2025-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 12,379 11,081 853.70 3,078 980.00 0.0873
2025-01-16 2024-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,298 -314 -19.48 285 -19.94 0.0086
2024-10-10 2024-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,612 -101 -5.90 356 20.27 0.0114
2024-07-12 2024-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,713 287 20.13 296 8.82 0.0104
2024-04-12 2024-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,426 -166 -10.43 272 4.62 0.0097
2024-02-13 2023-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,592 -2,731 -63.17 260 -57.10 0.0109
2023-11-01 2023-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,323 49 1.15 607 6.13 0.0367
2023-07-24 2023-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,274 21 0.49 572 2.51 0.0317
2023-04-27 2023-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,253 -43 -1.00 558 -7.93 0.0299
2023-01-30 2022-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,296 -550 -11.35 605 5.03 0.0341
2022-10-24 2022-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,846 -12 -0.25 576 -16.03 0.0388
2022-07-27 2022-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,858 3,154 185.09 686 210.41 0.0495
2022-04-13 2022-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,704 23 1.37 221 -1.78 0.0162
2022-01-31 2021-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,681 -23,672 -93.37 225 -93.61 0.0154
2021-10-18 2021-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 25,353 1,862 7.93 3,523 1.53 0.2882
2021-07-29 2021-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 23,491 9,988 73.97 3,470 92.67 0.2813
2021-04-22 2021-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 13,503 -29 -0.21 1,801 5.75 0.1734
2021-01-28 2020-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 13,532 13,532 1,703 0.1668
2020-04-22 2020-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 0 -1,656 -100.00 0 -100.00
2020-02-13 2019-12-31 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 1,656 0 0.00 222 -7.88 0.0269
2020-02-10 2019-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,656 0 222 15,813.3962
2019-11-14 2019-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,656 1,656 241 0.0324
2019-02-12 2018-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 0 -1,497 -100.00 0 -100.00
2018-11-13 2018-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,497 -8,980 -85.71 226 -84.56 0.0349
2018-08-13 2018-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 10,477 447 4.46 1,464 -4.87 0.2495
2018-05-03 2018-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 10,030 7,986 390.70 1,539 390.13 0.2799
2018-02-13 2017-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,044 -16 -0.78 314 5.02 0.0594
2017-11-02 2017-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,060 -200 -8.85 299 -14.08 0.0613
2017-08-04 2017-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,260 30 1.35 348 -10.31 0.0773
2017-05-15 2017-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,230 396 21.59 388 27.63 0.0964
2017-02-14 2016-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,834 26 1.44 304 5.92 0.0738
2016-11-14 2016-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,808 149 8.98 287 13.89 0.0747
2016-08-11 2016-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,659 -300 -15.31 252 -15.15 0.0683
2016-05-02 2016-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,959 -83 -4.06 297 5.69 0.0843
2016-02-01 2015-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,042 -776 -27.54 281 -31.30 0.0823
2015-11-16 2015-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,818 -339 -10.74 409 -20.43 0.1330
2015-08-12 2015-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,157 405 14.72 514 16.29 0.1647
2015-05-12 2015-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,752 56 2.08 442 2.08 0.1422
2015-02-06 2014-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,696 -16 -0.59 433 -15.92 0.1350
2014-11-13 2014-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,712 -83 -2.97 515 1.58 0.1742
2014-08-14 2014-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,795 -100 -3.45 507 -8.98 0.1732
2014-05-15 2014-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,895 1,324 84.28 557 88.81 0.2071
2014-02-12 2013-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,571 -349 -18.18 295 -17.13 0.1133
2013-11-13 2013-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,920 81 4.40 356 1.14 0.1658
2013-08-12 2013-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,839 1,839 352 0.1943
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.