SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Annandale Capital, LLC

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

Reported Value
$401,480
Q3 2023
Positions
137
Filings on Record
23
2019–present window
Filed
Nov 15, 2023
original filing

Summary

Annandale Capital, LLC reported $401,480 in U.S.-listed holdings across 137 positions for Q3 2023.

Its largest position, Vanguard Bd Index Fds, represents 8.7% of the portfolio.

Compared with Q2 2023, the fund opened 16 new positions and exited 17.

Portfolio Metrics

Turnover
+10.9%
vs prior filed quarter
Top-10 Concentration
+38.7%
share of reported value
Largest Position
+8.7%
Vanguard Bd Index Fds
New / Exited
16 / 17
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: 45.6%ETP: 29.9%Other: 19.3%MLP: 4.7%REIT: 0.3%Other: 0.2%
  • Common Stock · 45.6% · $182,960
  • ETP · 29.9% · $120,177
  • Other · 19.3% · $77,384
  • MLP · 4.7% · $18,927
  • REIT · 0.3% · $1,112
  • Other · 0.2% · $920

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
3M CONEW+50.0K50.0K+$5,250$5,250
ALLEGION PLCNEW+34.0K34.0K+$3,547$3,547
DOLLAR GEN CORP NEWNEW+25.0K25.0K+$3,125$3,125
DISNEY WALT CONEW+35.5K35.5K+$3,018$3,018
KEYSKEYSIGHT TECHNOLOGIES INCNEW+7.6K7.6K+$1,010$1,010
DYHTARGET CORPNEW+7.9K7.9K+$874$874
VIPER ENERGY PARTNERS LPNEW+7.2K7.2K+$202$202
RFREGIONS FINANCIAL CORP NEWNEW+11.2K11.2K+$182$182

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

Holdings — Q3 2023

38 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD BD INDEX FDSSHORT TRM BOND8.69%$34,888464.1K
2ARANTERO RESOURCES CORPhistory →COM6.33%$25,4021.00M
3DFAIDIMENSIONAL ETF TRUSTINTL CORE EQT MK · EMGR CRE EQT MNG · US MKTWIDE VALUE5.52%$22,177852.1K
4ISHARES TRUS TREAS BD ETF · MSCI USA QLT FCT · MSCI EAFE ETF4.65%$18,677645.6K
5VANGUARD WHITEHALL FDSHIGH DIV YLD3.65%$14,636141.7K
6METAMETA PLATFORMS INChistory →CL A3.50%$14,05546.8K
7ETENERGY TRANSFER LPhistory →COM UT LTD PTN3.23%$12,973924.7K
8GLOBAL X FDSGLB X MLP ENRG I3.08%$12,356291.5K
9GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.99%$12,00891.6K
10BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.38%$9,53727.2K
11MSFTMICROSOFT CORPhistory →COM1.93%$7,73424.5K
12DGDOLLAR GEN CORP NEWhistory →COM1.49%$5,96856.4K
13DISDISNEY WALT COhistory →COM1.47%$5,92073.0K
14EPDENTERPRISE PRODS PARTNERS Lhistory →COM1.34%$5,374196.3K
15AMZNAMAZON COM INChistory →COM1.33%$5,34642.1K
16NFLXNETFLIX INChistory →COM1.25%$5,03313.3K
17HDHOME DEPOT INChistory →COM1.25%$4,99916.5K
18CSCOCISCO SYS INChistory →COM1.22%$4,91391.4K
19MMM3M COhistory →COM1.20%$4,79951.3K
20WMTWALMART INChistory →COM1.16%$4,65829.1K
21AAPLAPPLE INChistory →COM1.02%$4,09923.9K
22PGRPROGRESSIVE CORPhistory →COM1.01%$4,07229.2K
23MKLMARKEL CORPCOM0.96%$3,8552.6K
24ALLEGION PLCORD SHS0.88%$3,54734.0K
25WRBBERKLEY W R CORPCOM0.87%$3,48354.9K
26GQ9SPDR GOLD TRGOLD SHS0.83%$3,32319.4K
27SPDR S&P 500 ETF TRTR UNIT0.80%$3,1987.5K
28SPDR SER TRS&P REGL BKG0.78%$3,14175.2K
29AZOAUTOZONE INCCOM0.78%$3,1321.2K
30CPRTCOPART INCCOM0.75%$3,03070.3K
31JNJJOHNSON & JOHNSONCOM0.74%$2,98619.2K
32COPCONOCOPHILLIPSCOM0.70%$2,82723.6K
33ADBEADOBE SYSTEMS INCORPORATEDCOM0.64%$2,5555.0K
34SCHWSCHWAB CHARLES CORPCOM0.59%$2,37643.3K
35HIFSHINGHAM INSTN SVGS MASSCOM0.56%$2,24112.0K
36UNPUNION PAC CORPCOM0.53%$2,13210.5K
37AWNADVANCE AUTO PARTS INCCOM0.52%$2,08937.4K
38BKNGBOOKING HOLDINGS INCCOM0.47%$1,903617

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 ↗.