SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Annandale Capital, LLC

CIK 0001811739 · 2626 COLE AVENUE, SUITE 700, DALLAS, TX, 75204 · 2145235000

Reported Value
$120M
Q4 2020
Positions
58
Filings on Record
23
2019–present window
Filed
Feb 10, 2021
amendment (RESTATEMENT)

Summary

Annandale Capital, LLC reported $120M in U.S.-listed holdings across 58 positions for Q4 2020.

Its largest position, Ishares Tr, represents 13.3% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+60.8%
share of reported value
Largest Position
+13.3%
Ishares Tr

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’20: $120MQ4 ’20Q1 ’21: $141MQ2 ’21: $166MQ3 ’21: $166MQ3 ’21Q4 ’21: $227MQ1 ’22: $253MQ2 ’22: $253MQ2 ’22Q3 ’22: $271MQ1 ’23: $316,563Q2 ’23: $346,036Q2 ’23Q3 ’23: $401,480Q4 ’23: $530,476Q1 ’24: $543,265Q1 ’24Q2 ’24: $584,792Q3 ’24: $713,758Q4 ’24: $630,939Q4 ’24Q1 ’25: $2MQ2 ’25: $1MQ3 ’25: $6MQ3 ’25Q4 ’25: $843,087Q1 ’26: $708,835filingsflow.com

Portfolio Composition

By security type
ETP: 48.5%Common Stock: 43.4%MLP: 5.6%Other: 2.1%ADR: 0.5%
  • ETP · 48.5% · $58M
  • Common Stock · 43.4% · $52M
  • MLP · 5.6% · $7M
  • Other · 2.1% · $2M
  • ADR · 0.5% · $597,000

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+144.2K144.2K+$16M$16M
VANGUARD WHITEHALL FDSNEW+122.8K122.8K+$11M$11M
AAPLAPPLE INCNEW+61.0K61.0K+$8M$8M
MSFTMICROSOFT CORPNEW+32.0K32.0K+$7M$7M
SPDR S&P 500 ETF TRNEW+16.4K16.4K+$6M$6M
VANGUARD BD INDEX FDSNEW+73.6K73.6K+$6M$6M
GLOBAL X FDSNEW+178.1K178.1K+$5M$5M
WMTWALMART INCNEW+31.8K31.8K+$5M$5M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2020

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRMBS ETF · MSCI EAFE ETF · MSCI EMG MKT ETF · SHORT TREAS BD · 1 3 YR TREAS BD20.91%$25M271.2K
2VANGUARD WHITEHALL FDSHIGH DIV YLD9.40%$11M122.8K
3AAPLAPPLE INChistory →COM6.77%$8M61.0K
4MSFTMICROSOFT CORPhistory →COM5.95%$7M32.0K
5SPDR S&P 500 ETF TRTR UNIT5.13%$6M16.4K
6VANGUARD BD INDEX FDSSHORT TRM BOND5.10%$6M73.6K
7GLOBAL X FDSGLB X MLP ENRG I4.02%$5M178.1K
8WMTWALMART INChistory →COM3.83%$5M31.8K
9HDHOME DEPOT INChistory →COM3.78%$5M17.0K
10GQ9SPDR GOLD TRhistory →GOLD SHS3.49%$4M23.4K
11BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW3.23%$4M16.6K
12AMANTERO MIDSTREAM CORPhistory →COM2.97%$4M460.0K
13JNJJOHNSON & JOHNSONhistory →COM2.82%$3M21.4K
14CSCOCISCO SYS INChistory →COM2.74%$3M73.2K
15KMIKINDER MORGAN INC DELhistory →COM2.17%$3M190.1K
16WMBWILLIAMS COS INChistory →COM1.88%$2M112.4K
17WEPMAGELLAN MIDSTREAM PRTNRS LPhistory →COM UNIT RP LP1.55%$2M43.5K
18EPDENTERPRISE PRODS PARTNERS Lhistory →COM1.52%$2M92.7K
19UROGEN PHARMA LTDCOM1.30%$2M86.3K
20HEPUSDHOLLY ENERGY PARTNERS L PCOM UT LTD PTN0.90%$1M76.0K
21ENBENBRIDGE INCCOM0.89%$1M33.2K
22MPLXMPLX LPCOM UNIT REP LTD0.86%$1M47.7K
23PPLPEMBINA PIPELINE CORPCOM0.68%$814,00034.4K
24ARANTERO RESOURCES CORPCOM0.59%$709,000130.0K
25GOOGALPHABET INCCAP STK CL C0.56%$666,000380
26CSWCSW INDUSTRIALS INCCOM0.50%$597,0005.3K
27PAAPLAINS ALL AMERN PIPELINE LUNIT LTD PARTN0.46%$555,00065.7K
28AMJEURJPMORGAN CHASE & COALERIAN ML ETN0.41%$493,00035.5K
29ABBVABBVIE INCCOM0.38%$454,0004.2K
30QCOMQUALCOMM INCCOM0.36%$430,0002.8K
31MRKMERCK & CO. INCCOM0.36%$429,0005.2K
32PFEPFIZER INCCOM0.34%$404,00011.0K
33ABTABBOTT LABSCOM0.32%$378,0003.5K
34BACBK OF AMERICA CORPCOM0.31%$367,00012.1K
35DLTRDOLLAR TREE INCCOM0.30%$361,0003.3K
36RDHLGBPREDHILL BIOPHARMA LTDSPONSORED ADS0.29%$352,00043.5K
37WFCWELLS FARGO CO NEWCOM0.27%$326,00010.8K
38GENERAL ELECTRIC COCOM0.22%$267,00024.7K
39MMM3M COCOM0.22%$262,0001.5K
40AMZNAMAZON COM INCCOM0.21%$254,00078
41BCSBARCLAYS PLCADR0.20%$245,00030.7K
42AON PLCSHS CL A0.20%$237,0001.1K
43EXMOCEXXON MOBIL CORPCOM0.19%$228,0005.5K
44ETENERGY TRANSFER LPCOM UT LTD PTN0.18%$221,00035.7K
45BKNGBOOKING HOLDINGS INCCOM0.18%$218,00098
46IBMINTERNATIONAL BUSINESS MACHSCOM0.18%$211,0001.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$708,835121May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$843,087127Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$6M124Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$1M124Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$2M127May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$630,939128Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$713,758128Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$584,792121Aug 15, 202413F-HRchanges · EDGAR ↗
Q1 2024$543,265135May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$530,476138Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$401,480137Nov 15, 202313F-HRchanges · EDGAR ↗
Q2 2023$346,036138Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$316,563135May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review136Feb 15, 202313F-HRchanges · EDGAR ↗
Q3 2022$271M134Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$253M127Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$253M112May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$227M112Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$166M85Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$166M84Aug 17, 202113F-HRchanges · EDGAR ↗
Q1 2021$141M70May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$120M58Feb 10, 2021RESTATEMENTchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.