SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Annandale Capital, LLC

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

Reported Value
$227M
Q4 2021
Positions
112
Filings on Record
23
2019–present window
Filed
Feb 11, 2022
original filing

Summary

Annandale Capital, LLC reported $227M in U.S.-listed holdings across 112 positions for Q4 2021.

Its largest position, Ishares Tr, represents 11.4% of the portfolio.

Compared with Q3 2021, the fund opened 28 new positions and exited 1.

Portfolio Metrics

Turnover
+1.8%
vs prior filed quarter
Top-10 Concentration
+45.3%
share of reported value
Largest Position
+11.4%
Ishares Tr
New / Exited
28 / 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: 58.2%ETP: 27.9%MLP: 8.1%Other: 3.1%ADR: 2.0%Other: 0.5%
  • Common Stock · 58.2% · $132M
  • ETP · 27.9% · $63M
  • MLP · 8.1% · $18M
  • Other · 3.1% · $7M
  • ADR · 2.0% · $5M
  • Other · 0.5% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ATVIEURACTIVISION BLIZZARD INCNEW+73.7K73.7K+$5M$5M
BKIEURBLACK KNIGHT INCNEW+21.0K21.0K+$2M$2M
ENSTAR GROUP LIMITEDNEW+6.8K6.8K+$2M$2M
KHCKRAFT HEINZ CONEW+40.4K40.4K+$1M$1M
COPCONOCOPHILLIPSNEW+18.6K18.6K+$1M$1M
CDWCDW CORPNEW+6.4K6.4K+$1M$1M
BBLBHP GROUP PLCNEW+21.3K21.3K+$1M$1M
FISVFISERV INCNEW+12.3K12.3K+$1M$1M

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

Holdings — Q4 2021

103 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRMBS ETF · MSCI EAFE ETF · MSCI EMG MKT ETF · SHORT TREAS BD · RUS 2000 VAL ETF · 1 3 YR TREAS BD · RUSSELL 2000 ETF11.36%$26M276.9K
2VANGUARD WHITEHALL FDSHIGH DIV YLD · INTL HIGH ETF6.75%$15M138.3K
3MSFTMICROSOFT CORPhistory →COM4.04%$9M27.2K
4AAPLAPPLE INChistory →COM3.94%$9M50.3K
5GLOBAL X FDSGLB X MLP ENRG I3.69%$8M237.2K
6BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW3.34%$8M25.3K
7SPDR S&P 500 ETF TRTR UNIT3.31%$8M15.8K
8KMIKINDER MORGAN INC DELhistory →COM3.04%$7M435.0K
9ETENERGY TRANSFER LPhistory →COM UT LTD PTN2.97%$7M818.5K
10HDHOME DEPOT INChistory →COM2.86%$6M15.6K
11ARANTERO RESOURCES CORPhistory →COM2.72%$6M353.3K
12CSCOCISCO SYS INChistory →COM2.57%$6M91.9K
13ATVIEURACTIVISION BLIZZARD INChistory →COM2.16%$5M73.7K
14AMANTERO MIDSTREAM CORPhistory →COM2.14%$5M501.6K
15WEPMAGELLAN MIDSTREAM PRTNRS LPhistory →COM UNIT RP LP2.06%$5M100.6K
16WMTWALMART INChistory →COM1.86%$4M29.1K
17EPDENTERPRISE PRODS PARTNERS Lhistory →COM1.71%$4M176.6K
18METAFACEBOOK INChistory →CL A1.69%$4M11.4K
19SABRSABRE CORPhistory →COM1.54%$3M406.5K
20GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.54%$3M1.2K
21GQ9SPDR GOLD TRhistory →GOLD SHS1.46%$3M19.4K
22ARCH CAP GROUP LTDORD1.45%$3M74.0K
23JNJJOHNSON & JOHNSONhistory →COM1.44%$3M19.2K
24YUSDALLEGHANY CORP DELhistory →COM1.36%$3M4.6K
25PGRPROGRESSIVE CORPhistory →COM1.32%$3M29.2K
26BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.30%$3M24.8K
27VANGUARD BD INDEX FDSSHORT TRM BOND1.03%$2M28.9K
28PAGPEURPLAINS GP HLDGS L Phistory →LTD PARTNR INT A1.01%$2M225.2K
29MTBM & T BK CORPCOM0.93%$2M13.8K
30MMM3M COCOM0.90%$2M11.5K
31WMBWILLIAMS COS INCCOM0.81%$2M70.9K
32BKIEURBLACK KNIGHT INCCOM0.77%$2M21.0K
33MKLMARKEL CORPCOM0.77%$2M1.4K
34VRSKVERISK ANALYTICS INCCOM0.75%$2M7.4K
35ENSTAR GROUP LIMITEDSHS0.74%$2M6.8K
36KHCKRAFT HEINZ COCOM0.64%$1M40.4K
37BKNGBOOKING HOLDINGS INCCOM0.63%$1M597
38COPCONOCOPHILLIPSCOM0.59%$1M18.6K
39HEPUSDHOLLY ENERGY PARTNERS L PCOM UT LTD PTN0.58%$1M80.0K
40CDWCDW CORPCOM0.57%$1M6.4K
41BBLBHP GROUP PLCSPONSORED ADR0.57%$1M21.3K
42PPLPEMBINA PIPELINE CORPCOM0.57%$1M42.3K
43FISVFISERV INCCOM0.56%$1M12.3K
44DGDOLLAR GEN CORP NEWCOM0.55%$1M5.3K
45BACBK OF AMERICA CORPCOM0.55%$1M27.9K
46MPLXMPLX LPCOM UNIT REP LTD0.50%$1M38.3K
47JPMJPMORGAN CHASE & COCOM · ALERIAN ML ETN0.50%$1M31.0K
48CHECHEMED CORP NEWCOM0.49%$1M2.1K
49SBACSBA COMMUNICATIONS CORP NEWCL A0.48%$1M2.8K
50CERNCHFCERNER CORPCOM0.45%$1M11.1K
51INTCINTEL CORPCOM0.43%$975,00018.9K
52GDDYGODADDY INCCL A0.42%$959,00011.3K
53KEYKEYCORPCOM0.42%$955,00041.3K
54WRBBERKLEY W R CORPCOM0.42%$949,00011.5K
55MPCMARATHON PETE CORPCOM0.41%$934,00014.6K
56HOGHARLEY DAVIDSON INCCOM0.39%$893,00023.7K
57QVCAUSDQURATE RETAIL INCCOM SER A0.37%$829,000109.1K
58UROGEN PHARMA LTDCOM0.36%$820,00086.3K
59CBOECBOE GLOBAL MKTS INCCOM0.31%$695,0005.3K
60VVISA INCCOM CL A0.29%$666,0003.1K
61CSWCSW INDUSTRIALS INCCOM0.28%$644,0005.3K
62PAAPLAINS ALL AMERN PIPELINE LUNIT LTD PARTN0.28%$628,00067.3K
63PFEPFIZER INCCOM0.26%$600,00010.2K
64TSNTYSON FOODS INCCL A0.26%$593,0006.8K
65INGRINGREDION INCCOM0.25%$571,0005.9K
66ABBVABBVIE INCCOM0.25%$566,0004.2K
67WFCWELLS FARGO CO NEWCOM0.23%$518,00010.8K
68QCOMQUALCOMM INCCOM0.23%$517,0002.8K
69AON PLCSHS CL A0.20%$458,0001.5K
70PEPPEPSICO INCCOM0.20%$457,0002.6K
71LKQ1LKQ CORPCOM0.20%$444,0007.4K
72SUSUNCOR ENERGY INC NEWCOM0.19%$431,00017.2K
73KRKROGER COCOM0.19%$430,0009.5K
74SPGIS&P GLOBAL INCCOM0.19%$426,000902
75EOGEOG RES INCCOM0.18%$400,0004.5K
76MRKMERCK & CO. INCCOM0.18%$398,0005.2K
77ABTABBOTT LABSCOM0.17%$380,0002.7K
78EXMOCEXXON MOBIL CORPCOM0.16%$364,0006.0K
79EBAEBAY INC.COM0.16%$359,0005.4K
80AIGAMERICAN INTL GROUP INCCOM NEW0.16%$358,0006.3K
81DISDISNEY WALT COCOM0.14%$326,0002.1K
82FISFIDELITY NATL INFORMATION SVCOM0.14%$325,0003.0K
83PXDEURPIONEER NAT RES COCOM0.14%$312,0001.7K
84DIMENSIONAL ETF TRUSTUS TARGETED VLU0.13%$302,0006.3K
85BCSBARCLAYS PLCADR0.13%$299,00028.9K
86GENERAL ELECTRIC COCOM0.13%$289,0003.1K
87CPRTCOPART INCCOM0.12%$273,0001.8K
88ITURAN LOCATION AND CONTROLSHS0.12%$267,00010.0K
89JKHYHENRY JACK & ASSOC INCCOM0.12%$267,0001.6K
90ETSYETSY INCCOM0.12%$263,0001.2K
91AMZNAMAZON COM INCCOM0.11%$257,00077
92UNILEVER PLCSPON ADR NEW0.11%$256,0004.8K
93TRVCCITIGROUP INCCOM NEW0.11%$254,0004.2K
94DLTRDOLLAR TREE INCCOM0.11%$247,0001.8K
95ERFGBPENERPLUS CORPCOM0.10%$216,00020.4K
96OKEONEOK INC NEWCOM0.09%$210,0003.6K
97YELPYELP INCCL A0.09%$207,0005.7K
98SCHWSCHWAB CHARLES CORPCOM0.09%$205,0002.4K
99EXTREXTREME NETWORKS INCCOM0.09%$195,00012.4K
100PARTY CITY HOLDCO INCCOM0.07%$167,00030.0K

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 ↗.