SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Annandale Capital, LLC

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

Reported Value
$166M
Q2 2021
Positions
84
Filings on Record
23
2019–present window
Filed
Aug 17, 2021
original filing

Summary

Annandale Capital, LLC reported $166M in U.S.-listed holdings across 84 positions for Q2 2021.

Its largest position, MBB, represents 15.3% of the portfolio.

Compared with Q1 2021, the fund opened 15 new positions and exited 1.

Portfolio Metrics

Turnover
+3.3%
vs prior filed quarter
Top-10 Concentration
+54.1%
share of reported value
Largest Position
+15.3%
Ishares Tr
New / Exited
15 / 1
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 53.8%ETP: 36.8%MLP: 7.1%ADR: 1.3%REIT: 0.5%Other: 0.5%
  • Common Stock · 53.8% · $89M
  • ETP · 36.8% · $61M
  • MLP · 7.1% · $12M
  • ADR · 1.3% · $2M
  • REIT · 0.5% · $892,000
  • Other · 0.5% · $756,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
METAFACEBOOK INCNEW+6.1K6.1K+$2M$2M
BABAALIBABA GROUP HLDG LTDNEW+6.8K6.8K+$2M$2M
GOOGLALPHABET INCNEW+548548+$1M$1M
DGDOLLAR GEN CORP NEWNEW+5.4K5.4K+$1M$1M
VRSKVERISK ANALYTICS INCNEW+6.2K6.2K+$1M$1M
CHECHEMED CORP NEWNEW+2.1K2.1K+$992,000$992,000
GDDYGODADDY INCNEW+8.5K8.5K+$739,000$739,000
EGEVEREST RE GROUP LTDNEW+2.8K2.8K+$706,000$706,000

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

Holdings — Q2 2021

76 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MBBISHARES TRMBS ETF · MSCI EAFE ETF · MSCI EMG MKT ETF · SHORT TREAS BD · 1 3 YR TREAS BD · RUSSELL 2000 ETF15.25%$25M270.3K
2VYMVANGUARD WHITEHALL FDSHIGH DIV YLD · INTL HIGH ETF8.22%$14M131.6K
3MSFTMICROSOFT CORPhistory →COM4.72%$8M28.9K
4AAPLAPPLE INChistory →COM4.41%$7M53.5K
5SPYSPDR S&P 500 ETF TRhistory →TR UNIT4.22%$7M16.4K
6MLPAGLOBAL X FDShistory →COM4.14%$7M189.2K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW3.85%$6M23.0K
8HDHOME DEPOT INChistory →COM3.26%$5M17.0K
9AMANTERO MIDSTREAM CORPhistory →COM3.02%$5M483.0K
10CSCOCISCO SYS INChistory →COM2.99%$5M93.6K
11ARANTERO RESOURCES CORPhistory →COM2.95%$5M325.7K
12KMIKINDER MORGAN INC DELhistory →COM2.86%$5M260.3K
13WMTWALMART INChistory →COM2.70%$4M31.8K
14GLDSPDR GOLD TRhistory →GOLD SHS2.34%$4M23.4K
15JNJJOHNSON & JOHNSONhistory →COM2.14%$4M21.6K
16BSVVANGUARD BD INDEX FDShistory →SHORT TRM BOND2.05%$3M41.4K
17EPDENTERPRISE PRODS PARTNERS Lhistory →COM1.91%$3M131.6K
18MAGELLAN MIDSTREAM PRTNRS LPCOM UNIT RP LP1.47%$2M50.0K
19GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.37%$2M924
20METAFACEBOOK INChistory →CL A1.27%$2M6.1K
21ETENERGY TRANSFER LPhistory →COM UT LTD PTN1.09%$2M170.6K
22WMBWILLIAMS COS INChistory →COM1.08%$2M67.4K
23MTBM & T BK CORPhistory →COM1.07%$2M12.2K
24HOLLY ENERGY PARTNERS L PCOM UT LTD PTN1.04%$2M76.0K
25ACGLARCH CAP GROUP LTDORD0.97%$2M41.5K
26BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.93%$2M6.8K
27JPMJPMORGAN CHASE & COALERIAN ML ETN · COM0.80%$1M39.6K
28URGNUROGEN PHARMA LTDCOM0.79%$1M86.3K
29PAAPLAINS ALL AMERN PIPELINE L PUNIT LTD PARTN0.77%$1M107.5K
30DGDOLLAR GEN CORP NEWCOM0.71%$1M5.4K
31BACBK OF AMERICA CORPCOM0.69%$1M27.9K
32PGRPROGRESSIVE CORPCOM0.68%$1M11.6K
33MPLXMPLX LPCOM UNIT REP LTD0.68%$1M38.3K
34PBAPEMBINA PIPELINE CORPCOM0.66%$1M34.4K
35BKNGBOOKING HOLDINGS INCCOM0.66%$1M498
36VRSKVERISK ANALYTICS INCCOM0.66%$1M6.2K
37INTCINTEL CORPCOM0.64%$1M18.9K
38DLTRDOLLAR TREE INCCOM0.61%$1M10.1K
39CHECHEMED CORP NEWCOM0.60%$992,0002.1K
40SBACSBA COMMUNICATIONS CORP NEWCL A0.54%$892,0002.8K
41MPCMARATHON PETE CORPCOM0.53%$881,00014.6K
42YUSDALLEGHANY CORP DELCOM0.52%$865,0001.3K
43MKLMARKEL CORPCOM0.51%$843,000710
44GDDYGODADDY INCCL A0.45%$739,0008.5K
45WRBBERKLEY W R CORPCOM0.44%$730,0009.8K
46EGEVEREST RE GROUP LTDCOM0.43%$706,0002.8K
47CSWCSW INDUSTRIALS INCCOM0.38%$632,0005.3K
48MMM3M COCOM0.36%$596,0003.0K
49KMBKIMBERLY-CLARK CORPCOM0.32%$538,0004.0K
50INGRINGREDION INCCOM0.32%$534,0005.9K
51WFCWELLS FARGO CO NEWCOM0.29%$488,00010.8K
52QURATE RETAIL INCCOM SER A0.29%$484,00037.0K
53ABBVABBVIE INCCOM0.28%$470,0004.2K
54PFEPFIZER INCCOM0.28%$462,00011.8K
55CERNER CORPCOM0.26%$430,0005.5K
56MRKMERCK & CO. INCCOM0.24%$404,0005.2K
57QCOMQUALCOMM INCCOM0.24%$403,0002.8K
58CBOECBOE GLOBAL MKTS INCCOM0.24%$397,0003.3K
59ABTABBOTT LABSCOM0.23%$385,0003.3K
60EXMOCEXXON MOBIL CORPCOM0.23%$375,0005.9K
61SPGIS&P GLOBAL INCCOM0.22%$370,000902
62GENERAL ELECTRIC COCOM0.20%$330,00024.5K
63REDHILL BIOPHARMA LTDSPONSORED ADS0.18%$300,00043.5K
64BCSBARCLAYS PLCADR0.18%$296,00030.7K
65UNILEVER PLCSPON ADR NEW0.18%$291,0005.0K
66DFATDIMENSIONAL ETF TRUSTUS TARGETED VLU0.17%$276,0006.2K
67ITRNITURAN LOCATION AND CONTROLSHS0.16%$272,00010.0K
68AONAON PLCSHS CL A0.16%$268,0001.1K
69SUSUNCOR ENERGY INC NEWCOM0.16%$268,00011.2K
70AMZNAMAZON COM INCCOM0.16%$258,00075
71KHCKRAFT HEINZ COCOM0.13%$221,0005.4K
72GSGOLDMAN SACHS GROUP INCCOM0.13%$218,000575
73ENERPLUS CORPCOM0.09%$147,00020.4K
74BSMBLACK STONE MINERALS L PCOM UNIT0.08%$137,00012.7K
75KRPKIMBELL RTY PARTNERS LPCOM0.08%$135,00010.5K
76PAAPLAINS ALL AMERN PIPELINE LUNIT LTD PARTN0.08%$127,00011.2K

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 ↗.