SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Annandale Capital, LLC

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

Reported Value
$141M
Q1 2021
Positions
70
Filings on Record
23
2019–present window
Filed
May 14, 2021
original filing

Summary

Annandale Capital, LLC reported $141M in U.S.-listed holdings across 70 positions for Q1 2021.

Its largest position, Ishares Tr, represents 11.9% of the portfolio.

Compared with Q4 2020, the fund opened 17 new positions and exited 5.

Portfolio Metrics

Turnover
+7.6%
vs prior filed quarter
Top-10 Concentration
+53.1%
share of reported value
Largest Position
+11.9%
Ishares Tr
New / Exited
17 / 5
positions this quarter

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
Common Stock: 46.7%ETP: 42.6%MLP: 7.0%Other: 2.9%ADR: 0.4%Other: 0.3%
  • Common Stock · 46.7% · $66M
  • ETP · 42.6% · $60M
  • MLP · 7.0% · $10M
  • Other · 2.9% · $4M
  • ADR · 0.4% · $633,000
  • Other · 0.3% · $440,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GLOBAL X FDSNEW+182.3K182.3K+$6M$6M
ARCH CAP GROUP LTDNEW+41.0K41.0K+$2M$2M
YUSDALLEGHANY CORP DELNEW+1.3K1.3K+$812,000$812,000
MKLMARKEL CORPNEW+710710+$809,000$809,000
MPCMARATHON PETE CORPNEW+14.6K14.6K+$780,000$780,000
PGRPROGRESSIVE CORPNEW+7.9K7.9K+$751,000$751,000
WRBBERKLEY W R CORPNEW+9.8K9.8K+$739,000$739,000
JPMJPMORGAN CHASE & CONEW+4.0K4.0K+$612,000$612,000

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

Holdings — Q1 2021

45 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRMBS ETF · MSCI EAFE ETF · MSCI EMG MKT ETF · SHORT TREAS BD · 1 3 YR TREAS BD18.53%$26M281.7K
2VANGUARD WHITEHALL FDSHIGH DIV YLD8.91%$13M124.3K
3MSFTMICROSOFT CORPhistory →COM4.84%$7M28.9K
4SPDR S&P 500 ETF TRTR UNIT4.61%$7M16.4K
5AAPLAPPLE INChistory →COM4.58%$6M52.9K
6GLOBAL X FDSCOM4.08%$6M182.3K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW3.81%$5M21.0K
8HDHOME DEPOT INChistory →COM3.68%$5M17.0K
9CSCOCISCO SYS INChistory →COM3.43%$5M93.6K
10VANGUARD BD INDEX FDSSHORT TRM BOND3.21%$5M55.0K
11AMANTERO MIDSTREAM CORPhistory →COM3.09%$4M483.0K
12KMIKINDER MORGAN INC DELhistory →COM3.06%$4M259.3K
13WMTWALMART INChistory →COM3.06%$4M31.8K
14GQ9SPDR GOLD TRhistory →GOLD SHS2.66%$4M23.4K
15JNJJOHNSON & JOHNSONhistory →COM2.49%$4M21.4K
16EPDENTERPRISE PRODS PARTNERS Lhistory →COM2.06%$3M131.6K
17WMBWILLIAMS COS INChistory →COM1.93%$3M115.1K
18ARANTERO RESOURCES CORPhistory →COM1.85%$3M255.7K
19WEPMAGELLAN MIDSTREAM PRTNRS LPhistory →COM UNIT RP LP1.54%$2M50.0K
20UROGEN PHARMA LTDCOM1.19%$2M86.3K
21ARCH CAP GROUP LTDORD1.12%$2M41.0K
22HEPUSDHOLLY ENERGY PARTNERS L Phistory →COM UT LTD PTN1.03%$1M76.0K
23MPLXMPLX LPCOM UNIT REP LTD0.88%$1M48.3K
24ENBENBRIDGE INCCOM0.85%$1M33.0K
25JPMJPMORGAN CHASE & COCOM · ALERIAN ML ETN0.85%$1M39.5K
26BACBK OF AMERICA CORPCOM0.75%$1M27.2K
27PAAPLAINS ALL AMERN PIPELINE L PUNIT LTD PARTN0.72%$1M107.5K
28PPLPEMBINA PIPELINE CORPCOM0.70%$992,00034.4K
29ETENERGY TRANSFER LPCOM UT LTD PTN0.67%$946,000123.2K
30YUSDALLEGHANY CORP DELCOM0.58%$812,0001.3K
31MKLMARKEL CORPCOM0.57%$809,000710
32MPCMARATHON PETE CORPCOM0.55%$780,00014.6K
33GOOGALPHABET INCCAP STK CL C0.55%$778,000376
34PGRPROGRESSIVE CORPCOM0.53%$751,0007.9K
35WRBBERKLEY W R CORPCOM0.52%$739,0009.8K
36CSWCSW INDUSTRIALS INCCOM0.51%$720,0005.3K
37MTBM & T BK CORPCOM0.32%$454,0003.0K
38ABBVABBVIE INCCOM0.32%$452,0004.2K
39WFCWELLS FARGO CO NEWCOM0.30%$421,00010.8K
40ABTABBOTT LABSCOM0.29%$414,0003.5K
41MRKMERCK & CO. INCCOM0.28%$400,0005.2K
42INGRINGREDION INCCOM0.28%$396,0004.4K
43PFEPFIZER INCCOM0.27%$387,00010.7K
44QCOMQUALCOMM INCCOM0.27%$374,0002.8K
45DLTRDOLLAR TREE INCCOM0.25%$348,0003.0K

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 ↗.