SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Annandale Capital, LLC

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

Reported Value
$1M
Q2 2025
Positions
124
Filings on Record
23
2019–present window
Filed
Aug 13, 2025
original filing

Summary

Annandale Capital, LLC reported $1M in U.S.-listed holdings across 124 positions for Q2 2025.

Its largest position, DFCF, represents 9.0% of the portfolio.

Compared with Q1 2025, the fund opened 14 new positions and exited 12.

Portfolio Metrics

Turnover
+3.7%
vs prior filed quarter
Top-10 Concentration
+25.0%
share of reported value
Largest Position
+9.0%
Dimensional Etf
New / Exited
14 / 12
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
ETP: 79.0%Common Stock: 19.4%MLP: 1.3%REIT: 0.2%Closed-End Fund: 0.0%Unit: 0.0%
  • ETP · 79.0% · $1M
  • Common Stock · 19.4% · $255,897
  • MLP · 1.3% · $17,367
  • REIT · 0.2% · $3,194
  • Closed-End Fund · 0.0% · $325
  • Unit · 0.0% · $162

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PEPPEPSICO INCNEW+17.9K17.9K+$2,363$2,363
AERAERCAP HOLDINGS NVNEW+20.0K20.0K+$2,340$2,340
MSCIMSCI INCNEW+1.9K1.9K+$1,096$1,096
DHRDANAHER CORPORATIONNEW+5.1K5.1K+$1,007$1,007
MRSHMARSH & MCLENNAN COS INCNEW+4.6K4.6K+$1,006$1,006
OSCROSCAR HEALTH INCNEW+45.0K45.0K+$965$965
TMOTHERMO FISHER SCIENTIFIC INCNEW+2.3K2.3K+$944$944
MEDPMEDPACE HLDGS INCNEW+1.6K1.6K+$502$502

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

Holdings — Q2 2025

93 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 VALUE · WORLD EX US CORE · US CORE EQT MKT · WORLD EQUITY ETF · US CORE EQUITY 28.99%$118,7872.93M
2BSVVANGUARD BD INDEX FDShistory →SHORT TRM BOND3.15%$41,690529.7K
3GOVTISHARES TRUS TREAS BD ETF · MSCI EMG MKT ETF · MSCI USA QLT FCT · RUSSELL 2000 ETF · MSCI EAFE ETF · S&P 500 GRWT ETF · MBS ETF · RUS 2000 VAL ETF · MICRO-CAP ETF3.11%$41,0731.11M
4METAMETA PLATFORMS INChistory →CL A2.08%$27,43637.2K
5AVUSAMERICAN CENTY ETF TRUS EQT ETF · INTL EQT ETF · AVANTIS EMGMKT · AVANTIS ALL EQT1.68%$22,185270.1K
6VYMVANGUARD WHITEHALL FDShistory →HIGH DIV YLD1.56%$20,572154.3K
7MLPXGLOBAL X FDShistory →GLB X MLP ENRG I1.30%$17,219274.8K
8NFLXNETFLIX INChistory →COM1.29%$17,08212.8K
9BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW1.00%$13,17927.1K
10AMZNAMAZON COM INCCOM0.88%$11,65553.1K
11ETENERGY TRANSFER L PCOM UT LTD PTN0.87%$11,557637.5K
12MSFTMICROSOFT CORPCOM0.87%$11,52023.2K
13UBERUBER TECHNOLOGIES INCCOM0.75%$9,917106.3K
14GOOGLALPHABET INCCAP STK CL A · CAP STK CL C0.66%$8,69549.2K
15WMTWALMART INCCOM0.64%$8,42386.1K
16SPYSPDR S&P 500 ETF TRTR UNIT0.59%$7,82312.7K
17PGRPROGRESSIVE CORPCOM0.59%$7,76029.1K
18FAFFIRST AMERN FINL CORPCOM0.57%$7,489122.0K
19KRESPDR SER TRS&P REGL BKG0.54%$7,097119.5K
20MKLMARKEL CORPCOM0.50%$6,5493.3K
21WRBBERKLEY W R CORPCOM0.46%$6,04582.3K
22HDHOME DEPOT INCCOM0.45%$5,98116.3K
23ABBVABBVIE INCCOM0.41%$5,39429.1K
24EPDENTERPRISE PRODS PARTNERS LCOM0.39%$5,214168.1K
25AAPLAPPLE INCCOM0.37%$4,84023.6K
26BKNGBOOKING HOLDINGS INCCOM0.36%$4,695811
27VVISA INCCOM CL A0.33%$4,32412.2K
28BURBURFORD CAP LTDORD SHS0.32%$4,278300.0K
29TXNTEXAS INSTRS INCCOM0.32%$4,27320.6K
30CSCOCISCO SYS INCCOM0.32%$4,17060.1K
31AZOAUTOZONE INCCOM0.29%$3,8901.0K
32ABTABBOTT LABSCOM0.29%$3,85928.4K
33ACGLARCH CAP GROUP LTDORD0.28%$3,74341.1K
34CPRTCOPART INCCOM0.26%$3,44470.2K
35JNJJOHNSON & JOHNSONCOM0.26%$3,38722.2K
36SCHWSCHWAB CHARLES CORPCOM0.25%$3,27135.8K
37AMTAMERICAN TOWER CORP NEWCOM0.24%$3,19414.5K
38ARANTERO RESOURCES CORPCOM0.22%$2,95973.5K
39ICEINTERCONTINENTAL EXCHANGE INCOM0.21%$2,79715.2K
40EFXEQUIFAX INCCOM0.20%$2,69110.4K
41PEPPEPSICO INCCOM0.18%$2,36317.9K
42AERAERCAP HOLDINGS NVSHS0.18%$2,34020.0K
43UNPUNION PAC CORPCOM0.18%$2,33810.2K
44VRSKVERISK ANALYTICS INCCOM0.17%$2,2747.3K
45COPCONOCOPHILLIPSCOM0.16%$2,08823.3K
46WSOWATSCO INCCOM0.14%$1,8154.1K
47KWYKINGSWAY FINL SVCS INCCOM NEW0.13%$1,736128.2K
48OXYOCCIDENTAL PETE CORPCOM0.13%$1,70840.7K
49ADBEADOBE SYSTEMS INCORPORATEDCOM0.12%$1,5774.1K
50WFCWELLS FARGO CO NEWCOM0.11%$1,47818.4K
51VTVVANGUARD INDEX FDSVALUE ETF · SM CP VAL ETF · GROWTH ETF0.11%$1,4627.4K
52QCOMQUALCOMM INCCOM0.10%$1,3128.2K
53SCHGSCHWAB STRATEGIC TRUS LCAP GR ETF · FUNDAMENTAL US S · FUNDAMENTAL INTL0.09%$1,23138.6K
54MELIMERCADOLIBRE INCCOM0.09%$1,134434
55MSCIMSCI INCCOM0.08%$1,0961.9K
56URGNUROGEN PHARMA LTDCOM0.08%$1,03575.6K
57DHRDANAHER CORPORATIONCOM0.08%$1,0075.1K
58MRSHMARSH & MCLENNAN COS INCCOM0.08%$1,0064.6K
59OSCROSCAR HEALTH INCCL A0.07%$96545.0K
60TMOTHERMO FISHER SCIENTIFIC INCCOM0.07%$9442.3K
61CSWCSW INDUSTRIALS INCCOM0.06%$7802.7K
62ACWIMSCI ACWI EX USISHARES TR0.05%$6705.2K
63ACNACCENTURE PLC IRELANDSHS CLASS A0.04%$5251.8K
64IVVCORE S&P500 ETFISHARES TR0.04%$515829
65MEDPMEDPACE HLDGS INCCOM0.04%$5021.6K
66ICLRICON PLCSHS0.04%$4803.3K
67AVGOBROADCOM INCCOM0.03%$4601.7K
68CTVACORTEVA INCCOM0.03%$4305.8K
69PAAPLAINS ALL AMERN PIPELINE LUNIT LTD PARTN0.03%$40822.3K
70AONAON PLCSHS CL A0.03%$4011.1K
71DDDUPONT DE NEMOURS INCCOM0.03%$3975.8K
72VXUSVANGUARD STAR FDSVG TL INTL STK F0.03%$3945.7K
73EXMOCEXXON MOBIL CORPCOM0.03%$3803.5K
74MRKMERCK & CO. INCCOM0.03%$3724.7K
75CEECENTRAL & EASTERN EUROPE FDCOM0.02%$32520.9K
76DIASPDR DOW JONES INDL AVERAGEUT SER 10.02%$308698
77JPMJPMORGAN CHASE & COCOM0.02%$2971.0K
78KMIKINDER MORGAN INC DELCOM0.02%$29710.1K
79NVDANVIDIA CORPORATIONCOM0.02%$2841.8K
80CMGCHIPOTLE MEXICAN GRILL INCCOM0.02%$2815.0K
81BACBK OF AMERICA CORPCOM0.02%$2725.8K
82AIGAMERICAN INTL GROUP INCCOM NEW0.02%$2703.2K
83VBTXVERITEX HLDGS INCCOM0.02%$2529.7K
84DVNDEVON ENERGY CORP NEWCOM0.02%$2367.4K
85APAAPA CORPORATIONCOM0.02%$22812.5K
86DISDISNEY WALT COCOM0.02%$2161.7K
87BABOEING COCOM0.02%$2111.0K
88EOGEOG RES INCCOM0.02%$2091.7K
89BSMBLACK STONE MINERALS L PCOM UNIT0.01%$18814.4K
90KRPKIMBELL RTY PARTNERS LPUNIT0.01%$16211.6K
91WWRWESTWATER RES INCCOM NEW0.01%$150250.0K
92CRGYCRESCENT ENERGY COMPANYCL A COM0.01%$14917.3K
93ORION ENERGY SYS INCCOM0.01%$106173.3K

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 ↗.