SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Annandale Capital, LLC

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

Reported Value
$346,036
Q2 2023
Positions
138
Filings on Record
23
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Annandale Capital, LLC reported $346,036 in U.S.-listed holdings across 138 positions for Q2 2023.

Its largest position, BSV, represents 9.9% of the portfolio.

Compared with Q1 2023, the fund opened 16 new positions and exited 13.

Portfolio Metrics

Turnover
+4.8%
vs prior filed quarter
Top-10 Concentration
+52.9%
share of reported value
Largest Position
+9.9%
Vanguard Bd Index Fds
New / Exited
16 / 13
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: 53.1%ETP: 37.7%MLP: 5.9%Other: 1.5%Ltd Part: 1.1%Other: 0.6%
  • Common Stock · 53.1% · $183,915
  • ETP · 37.7% · $130,349
  • MLP · 5.9% · $20,377
  • Other · 1.5% · $5,354
  • Ltd Part · 1.1% · $3,862
  • Other · 0.6% · $2,179

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KRESPDR SER TRNEW+75.2K75.2K+$3,070$3,070
WRBBERKLEY W R CORPNEW+50.0K50.0K+$2,979$2,979
EQUITY COMWLTHNEW+50.0K50.0K+$1,013$1,013
DHRDANAHER CORPORATIONNEW+2.7K2.7K+$648$648
VANGUARD WHITEHALL FDSNEW+1.0K1.0K+$630$630
VYMIVANGUARD WHITEHALL FDSNEW+8.0K8.0K+$504$504
IFFINTERNATIONAL FLAVORS&FRAGRANEW+6.3K6.3K+$501$501
DDDUPONT DE NEMOURS INCNEW+5.9K5.9K+$421$421

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

Holdings — Q2 2023

121 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BSVVANGUARD BD INDEX FDShistory →SHORT TRM BOND9.89%$34,239453.1K
2GOVTISHARES TRUS TREAS BD ETF · ISHARES SEMICDTR · MSCI USA QLT FCT · MSCI EAFE ETF · MSCI CHINA ETF · MSCI EMG MKT ETF · 1 3 YR TREAS BD · SHORT TREAS BD · S&P 500 GRWT ETF · MBS ETF8.46%$29,283722.1K
3ARANTERO RESOURCES CORPhistory →COM6.61%$22,857992.5K
4DFAIDIMENSIONAL ETF TRUSTINTL CORE EQT MK · EMGR CRE EQT MNG · US MKTWIDE VALUE · US TARGETED VLU6.54%$22,618823.0K
5VYMVANGUARD WHITEHALL FDSHIGH DIV YLD · INTL HIGH ETF4.76%$16,475158.5K
6METAMETA PLATFORMS INChistory →CL A3.88%$13,44046.8K
7MLPXGLOBAL X FDShistory →GLB X MLP ENRG I3.50%$12,123291.6K
8ETENERGY TRANSFER LPhistory →COM UT LTD PTN3.37%$11,664918.5K
9GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.18%$11,01191.7K
10BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.68%$9,28327.2K
11ACTIVISION BLIZZARD INCCOM2.45%$8,490100.7K
12MSFTMICROSOFT CORPhistory →COM2.44%$8,44124.8K
13SPYSPDR S&P 500 ETF TRhistory →TR UNIT2.06%$7,13616.1K
14KMIKINDER MORGAN INC DELhistory →COM1.72%$5,936344.7K
15AMZNAMAZON COM INChistory →COM1.60%$5,52442.4K
16NFLXNETFLIX INChistory →COM1.54%$5,34512.1K
17HDHOME DEPOT INChistory →COM1.49%$5,14016.5K
18EPDENTERPRISE PRODS PARTNERS Lhistory →COM1.41%$4,886185.4K
19CSCOCISCO SYS INChistory →COM1.37%$4,72891.4K
20AAPLAPPLE INChistory →COM1.34%$4,64323.9K
21WMTWALMART INChistory →COM1.32%$4,57829.1K
22PGRPROGRESSIVE CORPhistory →COM1.12%$3,87029.2K
23PAGPPLAINS GP HLDGS L Phistory →LTD PARTNR INT A1.12%$3,862260.4K
24MKLMARKEL CORPhistory →COM1.05%$3,6212.6K
25GLDSPDR GOLD TRGOLD SHS1.00%$3,45519.4K
26MAGELLAN MIDSTREAM PRTNRS LPCOM UNIT RP LP0.96%$3,31253.2K
27CPRTCOPART INCCOM0.93%$3,20735.2K
28KRESPDR SER TRS&P REGL BKG0.89%$3,07075.2K
29DGDOLLAR GEN CORP NEWCOM0.89%$3,06618.1K
30AZOAUTOZONE INCCOM0.88%$3,0471.2K
31WRBBERKLEY W R CORPCOM0.86%$2,97950.0K
32JNJJOHNSON & JOHNSONCOM0.86%$2,97117.9K
33HIFSHINGHAM INSTN SVGS MASSCOM0.74%$2,55812.0K
34ADBEADOBE SYSTEMS INCORPORATEDCOM0.71%$2,4685.0K
35COPCONOCOPHILLIPSCOM0.71%$2,45923.7K
36MMM3M COCOM0.61%$2,09720.9K
37UNPUNION PAC CORPCOM0.60%$2,07210.1K
38SCHWSCHWAB CHARLES CORPCOM0.57%$1,96334.6K
39ICEINTERCONTINENTAL EXCHANGE INCOM0.54%$1,88016.6K
40ACGLARCH CAP GROUP LTDORD0.49%$1,70622.8K
41AAPADVANCE AUTO PARTS INCCOM0.49%$1,70224.2K
42BKNGBOOKING HOLDINGS INCCOM0.48%$1,661615
43VRSKVERISK ANALYTICS INCCOM0.48%$1,6567.3K
44ENSTAR GROUP LIMITEDSHS0.47%$1,6316.7K
45QCOMQUALCOMM INCCOM0.42%$1,43712.1K
46BHPBHP GROUP PLCSPONSORED ADR0.37%$1,27121.3K
47KHCKRAFT HEINZ COCOM0.36%$1,24335.0K
48EBAYEBAY INC.COM0.35%$1,20727.0K
49DISDISNEY WALT COCOM0.35%$1,20413.5K
50CDWCDW CORPCOM0.34%$1,1686.4K
51BACBK OF AMERICA CORPCOM0.33%$1,15840.4K
52WSOWATSCO INCCOM0.33%$1,1473.0K
53AMANTERO MIDSTREAM CORPCOM0.31%$1,08693.6K
54TXNTEXAS INSTRS INCCOM0.30%$1,0235.7K
55EQUITY COMWLTHCOM SH BEN INT0.29%$1,01350.0K
56OXYOCCIDENTAL PETE CORPCOM0.29%$1,00417.1K
57MESA AIR GROUP INCCOM NEW0.26%$914358.5K
58CSWCSW INDUSTRIALS INCCOM0.26%$8865.3K
59URGNUROGEN PHARMA LTDCOM0.25%$87384.3K
60WFCWELLS FARGO CO NEWCOM0.24%$81519.1K
61EOGEOG RES INCCOM0.21%$7386.4K
62AGGCORE US AGGBD ETISHARES TR0.21%$7347.5K
63VVISA INCCOM CL A0.21%$7323.1K
64DHRDANAHER CORPORATIONCOM0.19%$6482.7K
65FOSLFOSSIL GROUP INCCOM0.19%$643250.0K
66EFXEQUIFAX INCCOM0.17%$5922.5K
67LL FLOORING HOLDINGS INCCOM0.17%$575150.0K
68BCSBARCLAYS PLCADR0.16%$56471.8K
69MRKMERCK & CO. INCCOM0.16%$5564.8K
70CCITIGROUP INCCOM NEW0.16%$53911.7K
71REE AUTOMOTIVE LTDCLASS A ORD SHS0.15%$5321.40M
72EXMOCEXXON MOBIL CORPCOM0.15%$5020
73IFFINTERNATIONAL FLAVORS&FRAGRACOM0.14%$5016.3K
74ABBVABBVIE INCCOM0.14%$4993.7K
75ACWXMSCI ACWI EX USISHARES TR0.13%$4614.8K
76JPMORGAN CHASE & COALERIAN ML ETN0.12%$43118.8K
77AONAON PLCSHS CL A0.12%$4241.2K
78DDDUPONT DE NEMOURS INCCOM0.12%$4215.9K
79CVECENOVUS ENERGY INCCOM0.12%$41424.4K
80ORION ENERGY SYS INCCOM0.11%$395242.2K
81CONNS INCCOM0.11%$36999.7K
82VBTXVERITEX HLDGS INCCOM0.10%$36020.1K
83GNKGENCO SHIPPING & TRADING LTDSHS0.10%$35125.0K
84CTVACORTEVA INCCOM0.10%$3305.8K
85VTVVANGUARD INDEX FDSVALUE ETF0.09%$3242.3K
86PAAPLAINS ALL AMERN PIPELINE LUNIT LTD PARTN0.09%$31422.3K
87DOWDOW INCCOM0.09%$3095.8K
88LASRNLIGHT INCCOM0.09%$30820.0K
89ABTABBOTT LABSCOM0.09%$2952.7K
90PFEPFIZER INCCOM0.08%$2948.0K
91SUSUNCOR ENERGY INC NEWCOM0.08%$2839.7K
92AOUTAMERICAN OUTDOOR BRANDS INCCOM0.08%$27631.9K
93CVXCHEVRON CORP NEWCOM0.07%$2571.6K
94ENERPLUS CORPCOM0.07%$24917.2K
95WWRWESTWATER RES INCCOM NEW0.07%$247300.0K
96APTOSE BIOSCIENCES INCCOM NEW0.07%$24753.3K
97NAUTILUS INCCOM0.07%$246201.7K
98CUE BIOPHARMA INC COMCOM0.07%$23765.0K
99AIGAMERICAN INTL GROUP INCCOM NEW0.07%$2364.1K
100BABOEING COCOM0.07%$2301.1K

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 ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • BIOS Capital Management, LP

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 ↗.