SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Annandale Capital, LLC

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

Reported Value
$2M
Q1 2025
Positions
127
Filings on Record
23
2019–present window
Filed
May 13, 2025
original filing

Summary

Annandale Capital, LLC reported $2M in U.S.-listed holdings across 127 positions for Q1 2025.

Its largest position, Vanguard Bd Index Fds, represents 2.7% of the portfolio.

Compared with Q4 2024, the fund opened 5 new positions and exited 11.

Portfolio Metrics

Turnover
+3.8%
vs prior filed quarter
Top-10 Concentration
+14.5%
share of reported value
Largest Position
+2.7%
Vanguard Bd Index Fds
New / Exited
5 / 11
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
ETP: 80.6%Common Stock: 15.2%MLP: 2.3%ADR: 1.0%Other: 0.8%Other: 0.2%
  • ETP · 80.6% · $1M
  • Common Stock · 15.2% · $240,526
  • MLP · 2.3% · $35,860
  • ADR · 1.0% · $15,430
  • Other · 0.8% · $12,093
  • Other · 0.2% · $3,609

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+100.0K100.0K+$19,975$19,975
UBERUBER TECHNOLOGIES INCNEW+100.0K100.0K+$7,146$7,146
AMTAMERICAN TOWER CORP NEWNEW+14.5K14.5K+$3,145$3,145
ISHARES TRNEW+10.0K10.0K+$260$260
CRGYCRESCENT ENERGY COMPANYNEW+16.6K16.6K+$187$187
ISHARES TRADDED+400.0K411.7K+$17,447$17,936
SPDR S&P 500 ETF TRADDED+1.42M1.57M+$879,154$963,907
ISHARES TRADDED+200.0K238.0K+$10,940$12,688

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

Holdings — Q1 2025

30 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DFCFDIMENSIONAL ETF TRUSTCORE FIXED INCOM · INTL CORE EQT MK · US CORE EQUITY 1 · EMGR CRE EQT MNG · US TARGETED VLU · US MKTWIDE VALUE6.62%$104,9532.78M
2ISHARES TRUS TREAS BD ETF · RUSSELL 2000 ETF · MSCI EMG MKT ETF · MSCI CHINA ETF · MSCI USA QLT FCT3.03%$48,0621.22M
3VANGUARD BD INDEX FDSSHORT TRM BOND2.70%$42,869547.6K
4METAMETA PLATFORMS INChistory →CL A1.35%$21,37237.1K
5AMERICAN CENTY ETF TRUS EQT ETF · INTL EQT ETF · AVANTIS EMGMKT1.25%$19,815267.7K
6VANGUARD WHITEHALL FDSHIGH DIV YLD1.23%$19,534151.5K
7GLOBAL X FDSGLB X MLP ENRG I1.12%$17,784278.7K
8BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.91%$14,44927.1K
9NFLXNETFLIX INCCOM0.75%$11,89112.8K
10ETENERGY TRANSFER L PCOM UT LTD PTN0.73%$11,551621.4K
11AMZNAMAZON COM INCCOM0.63%$9,92152.1K
12GOOGLALPHABET INCCAP STK CL A0.58%$9,26359.9K
13MSFTMICROSOFT CORPCOM0.55%$8,68923.1K
14PGRPROGRESSIVE CORPCOM0.52%$8,23029.1K
15SPDR S&P 500 ETF TRTR UNIT0.50%$7,98214.3K
16FAFFIRST AMERN FINL CORPCOM0.48%$7,607115.9K
17WMTWALMART INCCOM0.48%$7,56386.1K
18SPDR SER TRS&P REGL BKG0.43%$6,822120.0K
19BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.42%$6,65550.3K
20ABBVABBVIE INCCOM0.39%$6,10529.1K
21HDHOME DEPOT INCCOM0.38%$5,97416.3K
22MKLMARKEL CORPCOM0.37%$5,8653.1K
23WRBBERKLEY W R CORPCOM0.37%$5,85582.3K
24BIDUNBAIDU INCSPON ADR REP A0.35%$5,52560.0K
25EPDENTERPRISE PRODS PARTNERS LCOM0.34%$5,453159.7K
26AAPLAPPLE INCCOM0.33%$5,24023.6K
27DISDISNEY WALT COCOM0.31%$4,90549.7K
28ARANTERO RESOURCES CORPCOM0.31%$4,867120.4K
29ALLEGION PLCORD SHS0.28%$4,44634.1K
30VVISA INCCOM CL A0.27%$4,26812.2K

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 ↗.