Annex Advisory Services 13F: Cuts TKO Stake by $71M

Annex Advisory Services disclosed a significant reduction in its holdings of TKO Group Holdings, Inc. (TKO) in a filing on October 16, 2026. The firm cut its position by 393,245 shares, a decrease of 93.9%, leaving it with 25,341 shares valued at approximately $4.6 million.

What Changed in Annex Advisory Services' TKO Position

The reduction illustrates Annex Advisory Services' strategy of adjusting its investments. With this cut, the firm now holds a much smaller stake in TKO Group Holdings compared to its previous position of 418,586 shares.

Other Institutional Activity in TKO Group Holdings

Several other institutional investors also adjusted their stakes in TKO Group Holdings. Blackrock Inc. added 353,920 shares, bringing its total to 5,668,039 shares worth about $994.7 million. In contrast, Morgan Stanley reduced its holdings by 550,510 shares, ending with 4,702,447 shares valued at around $825.3 million. State Street Corporation and Vanguard Capital Management also made reductions, indicating a mixed sentiment among institutions.

TKO Group Holdings, Inc. Stock Up 0.6%

TKO Group Holdings recently traded around $177.06. The stock's movements reflect investor interest in the entertainment sector, particularly as TKO operates in both sports and entertainment through its UFC and WWE segments.

Recent Earnings

For the trailing twelve months, TKO Group Holdings reported a revenue of approximately $5.3 billion, with an earnings per share (EPS) of $2.86. The company has also shown a revenue growth of 18.2% year-over-year, with a net margin of 4.3%. The next earnings report is scheduled for November 4, 2026, which could provide further insights into its financial performance.

Insider Buying and Selling at TKO Group Holdings, Inc.

Several insider transactions have occurred recently. Director Nicholas Khan sold 9,189 shares on October 15, 2026, priced at $175.19, totaling approximately $1.6 million. Earlier, on October 13, he sold 400 shares at $175.07 for about $70,028. These sales indicate ongoing adjustments among TKO’s leadership as well.

Analysts Set New Price Targets

On October 16, 2026, Susquehanna maintained a Positive rating on TKO Group Holdings with a target price of $224. Meanwhile, earlier in August, firms including Morgan Stanley and Guggenheim reiterated their Buy ratings with targets ranging from $230 to $240. The consensus among analysts remains bullish, reflecting confidence in the company’s growth potential.

About TKO Group Holdings

TKO Group Holdings, Inc. operates as a sports and entertainment company, focusing on segments such as UFC, WWE, and IMG. It distributes content and manages live events globally, alongside partnerships and consumer product licensing. The company's diverse offerings position it well within the growing entertainment sector.

Bottom Line

Investors should keep an eye on TKO Group Holdings as it approaches its next earnings release on November 4, 2026. The recent filing by Annex Advisory Services reflects the changing landscape of institutional investment in the entertainment sector, but may not represent the fund's current position as 13F filings are backward-looking.