SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Annandale Capital, LLC

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

Reported Value
$253M
Q2 2022
Positions
127
Filings on Record
23
2019–present window
Filed
Aug 15, 2022
original filing

Summary

Annandale Capital, LLC reported $253M in U.S.-listed holdings across 127 positions for Q2 2022.

Its largest position, AR, represents 10.4% of the portfolio.

Compared with Q1 2022, the fund opened 22 new positions and exited 7.

Portfolio Metrics

Turnover
+11.7%
vs prior filed quarter
Top-10 Concentration
+45.4%
share of reported value
Largest Position
+10.4%
Antero Resources
New / Exited
22 / 7
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: $317MQ2 ’23: $346MQ2 ’23Q3 ’23: $401MQ4 ’23: $530MQ1 ’24: $543MQ1 ’24Q2 ’24: $585MQ3 ’24: $714MQ4 ’24: $631MQ4 ’24Q1 ’25: $1.6BQ2 ’25: $1.3BQ3 ’25: $6MQ3 ’25Q4 ’25: $843MQ1 ’26: $709Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 61.5%ETP: 26.2%MLP: 8.1%ADR: 2.0%Ltd Part: 1.1%Other: 1.0%
  • Common Stock · 61.5% · $155M
  • ETP · 26.2% · $66M
  • MLP · 8.1% · $20M
  • ADR · 2.0% · $5M
  • Ltd Part · 1.1% · $3M
  • Other · 1.0% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DFUVDIMENSIONAL ETF TRUSTNEW+158.3K158.3K+$5M$5M
EFXEQUIFAX INCNEW+7.9K7.9K+$1M$1M
BHPBHP GROUP PLCNEW+21.3K21.3K+$1M$1M
ADSKAUTODESK INCNEW+5.0K5.0K+$861,000$861,000
AKXANSYS INCNEW+3.2K3.2K+$767,000$767,000
LUVSOUTHWEST AIRLS CONEW+13.6K13.6K+$492,000$492,000
KDPKEURIG DR PEPPER INCNEW+13.8K13.8K+$488,000$488,000
STTSTATE STR CORPNEW+7.4K7.4K+$456,000$456,000

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

Holdings — Q2 2022

117 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ARANTERO RESOURCES CORPhistory →COM10.36%$26M853.7K
2MBBISHARES TRMBS ETF · MSCI EAFE ETF · MSCI EMG MKT ETF · SHORT TREAS BD · 3 7 YR TREAS BD · 1 3 YR TREAS BD · RUS 2000 VAL ETF9.58%$24M287.1K
3VYMVANGUARD WHITEHALL FDSHIGH DIV YLD · INTL HIGH ETF5.57%$14M140.1K
4MLPXGLOBAL X FDShistory →GLB X MLP ENRG I3.72%$9M246.4K
5ETENERGY TRANSFER LPhistory →COM UT LTD PTN3.26%$8M824.3K
6KMIKINDER MORGAN INC DELhistory →COM2.91%$7M438.5K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.74%$7M25.3K
8GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.45%$6M2.8K
9SPYSPDR S&P 500 ETF TRhistory →TR UNIT2.43%$6M16.3K
10MSFTMICROSOFT CORPhistory →COM2.41%$6M23.7K
11ACTIVISION BLIZZARD INCCOM2.23%$6M72.3K
12DFUVDIMENSIONAL ETF TRUSTUS MKTWIDE VALUE · US TARGETED VLU2.20%$6M171.9K
13METAMETA PLATFORMS INChistory →CL A2.13%$5M33.4K
14MAGELLAN MIDSTREAM PRTNRS LPCOM UNIT RP LP1.86%$5M98.4K
15EPDENTERPRISE PRODS PARTNERS Lhistory →COM1.76%$4M182.3K
16HDHOME DEPOT INChistory →COM1.72%$4M15.8K
17INTCINTEL CORPhistory →COM1.63%$4M109.8K
18CSCOCISCO SYS INChistory →COM1.55%$4M91.9K
19SABRSABRE CORPhistory →COM1.46%$4M630.5K
20WMTWALMART INChistory →COM1.40%$4M29.1K
21PGRPROGRESSIVE CORPhistory →COM1.34%$3M29.2K
22ACGLARCH CAP GROUP LTDhistory →ORD1.31%$3M73.0K
23BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.31%$3M29.0K
24GLDSPDR GOLD TRhistory →GOLD SHS1.29%$3M19.4K
25JNJJOHNSON & JOHNSONhistory →COM1.27%$3M18.0K
26AAPLAPPLE INChistory →COM1.23%$3M22.7K
27YUSDALLEGHANY CORP DELhistory →COM1.15%$3M3.5K
28PAGPPLAINS GP HLDGS L Phistory →LTD PARTNR INT A1.12%$3M274.7K
29BSVVANGUARD BD INDEX FDShistory →SHORT TRM BOND1.11%$3M36.6K
30AMZNAMAZON COM INChistory →COM1.00%$3M23.9K
31NFLXNETFLIX INCCOM0.89%$2M12.8K
32MTBM & T BK CORPCOM0.87%$2M13.8K
33KEYKEYCORPCOM0.87%$2M127.3K
34MKLMARKEL CORPCOM0.72%$2M1.4K
35COPCONOCOPHILLIPSCOM0.66%$2M18.6K
36DISDISNEY WALT COCOM0.58%$1M15.5K
37ENSTAR GROUP LIMITEDSHS0.58%$1M6.8K
38EFXEQUIFAX INCCOM0.57%$1M7.9K
39MMM3M COCOM0.56%$1M10.9K
40CPRTCOPART INCCOM0.55%$1M12.7K
41EBAYEBAY INC.COM0.54%$1M33.0K
42BLACK KNIGHT INCCOM0.54%$1M21.0K
43BACBK OF AMERICA CORPCOM0.53%$1M43.4K
44KHCKRAFT HEINZ COCOM0.53%$1M35.0K
45AMANTERO MIDSTREAM CORPCOM0.51%$1M142.6K
46VRSKVERISK ANALYTICS INCCOM0.51%$1M7.4K
47HOLLY ENERGY PARTNERS L PCOM UT LTD PTN0.48%$1M76.0K
48MPCMARATHON PETE CORPCOM0.47%$1M14.6K
49BHPBHP GROUP PLCSPONSORED ADR0.47%$1M21.3K
50WRBBERKLEY W R CORPCOM0.47%$1M17.3K
51SCHWSCHWAB CHARLES CORPCOM0.45%$1M18.0K
52MPLXMPLX LPCOM UNIT REP LTD0.44%$1M38.3K
53ADBEADOBE SYSTEMS INCORPORATEDCOM0.44%$1M3.0K
54FISVFISERV INCCOM0.43%$1M12.3K
55BKNGBOOKING HOLDINGS INCCOM0.43%$1M620
56CDWCDW CORPCOM0.40%$1M6.4K
57JPMJPMORGAN CHASE & COALERIAN ML ETN · COM0.37%$941,00029.5K
58ADSKAUTODESK INCCOM0.34%$861,0005.0K
59FISFIDELITY NATL INFORMATION SVCOM0.31%$786,0008.6K
60GDDYGODADDY INCCL A0.31%$772,00011.1K
61AKXANSYS INCCOM0.30%$767,0003.2K
62URGNUROGEN PHARMA LTDCOM0.27%$691,00084.3K
63CCITIGROUP INCCOM NEW0.26%$653,00014.2K
64ABBVABBVIE INCCOM0.25%$640,0004.2K
65PAAPLAINS ALL AMERN PIPELINE LUNIT LTD PARTN0.25%$621,00063.3K
66VVISA INCCOM CL A0.24%$607,0003.1K
67CBOECBOE GLOBAL MKTS INCCOM0.23%$589,0005.2K
68TSNTYSON FOODS INCCL A0.23%$585,0006.8K
69SPGIS&P GLOBAL INCCOM0.23%$578,0001.7K
70BCSBARCLAYS PLCADR0.22%$555,00073.0K
71CSWCSW INDUSTRIALS INCCOM0.22%$549,0005.3K
72INGRINGREDION INCCOM0.21%$520,0005.9K
73EOGEOG RES INCCOM0.20%$497,0004.5K
74EXMOCEXXON MOBIL CORPCOM0.20%$494,0005.8K
75LUVSOUTHWEST AIRLS COCOM0.19%$492,00013.6K
76KDPKEURIG DR PEPPER INCCOM0.19%$488,00013.8K
77PYPLPAYPAL HLDGS INCCOM0.19%$484,0006.9K
78MRKMERCK & CO. INCCOM0.19%$473,0005.2K
79STTSTATE STR CORPCOM0.18%$456,0007.4K
80ECLECOLAB INCCOM0.18%$446,0002.9K
81GENERAL ELECTRIC COCOM0.18%$443,0007.0K
82PEPPEPSICO INCCOM0.17%$438,0002.6K
83CHARLES RIV LABS INTL INCCOM0.17%$428,0002.0K
84ROKUROKU INCCOM CL A0.17%$427,0005.2K
85WFCWELLS FARGO CO NEWCOM0.17%$423,00010.8K
86WHWYNDHAM HOTELS & RESORTS INCCOM0.16%$401,0006.1K
87SUSUNCOR ENERGY INC NEWCOM0.16%$393,00011.2K
88VBTXVERITEX HLDGS INCCOM0.15%$385,00013.2K
89AIGAMERICAN INTL GROUP INCCOM NEW0.14%$343,0006.7K
90PFEPFIZER INCCOM0.13%$336,0006.4K
91EXPEEXPEDIA GROUP INCCOM NEW0.13%$332,0003.5K
92CHTRCHARTER COMMUNICATIONS INC NCL A0.13%$328,000700
93WWAYFAIR INCCL A0.13%$327,0007.5K
94ROSTROSS STORES INCCOM0.13%$323,0004.6K
95QCOMQUALCOMM INCCOM0.13%$319,0002.5K
96ZGZILLOW GROUP INCCL A0.13%$318,00010.0K
97UPSTUPSTART HLDGS INCCOM0.13%$317,00010.0K
98QURATE RETAIL INCCOM SER A0.12%$312,000108.8K
99AONAON PLCSHS CL A0.12%$303,0001.1K
100ABTABBOTT LABSCOM0.12%$294,0002.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$709M121May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$843M127Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$6M124Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.3B124Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.6B127May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$631M128Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$714M128Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$585M121Aug 15, 202413F-HRchanges · EDGAR ↗
Q1 2024$543M135May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$530M138Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$401M137Nov 15, 202313F-HRchanges · EDGAR ↗
Q2 2023$346M138Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$317M135May 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 ↗.