SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Annandale Capital, LLC

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

Reported Value
$843,087
Q4 2025
Positions
127
Filings on Record
23
2019–present window
Filed
Feb 12, 2026
original filing

Summary

Annandale Capital, LLC reported $843,087 in U.S.-listed holdings across 127 positions for Q4 2025.

Its largest position, Vanguard Bd Index Fds, represents 5.0% of the portfolio.

Compared with Q3 2025, the fund opened 14 new positions and exited 13.

Portfolio Metrics

Turnover
+3.9%
vs prior filed quarter
Top-10 Concentration
+32.3%
share of reported value
Largest Position
+5.0%
Vanguard Bd Index Fds
New / Exited
14 / 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. 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: 67.4%Common Stock: 28.8%MLP: 2.3%Other: 1.5%Closed-End Fund: 0.0%
  • ETP · 67.4% · $568,546
  • Common Stock · 28.8% · $242,682
  • MLP · 2.3% · $19,227
  • Other · 1.5% · $12,262
  • Closed-End Fund · 0.0% · $370

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VANGUARD INDEX FDSNEW+200.0K200.0K+$114,000$114,000
PROFESIONALLY MANAGED PORTFONEW+98.5K98.5K+$6,453$6,453
KDPKEURIG DR PEPPER INCNEW+162.0K162.0K+$4,538$4,538
OKEONEOK INC NEWNEW+27.2K27.2K+$2,002$2,002
BDXBECTON DICKINSON & CONEW+9.4K9.4K+$1,817$1,817
GLOOGLOO HOLDINGS INCNEW+250.0K250.0K+$1,423$1,423
PLTRPALANTIR TECHNOLOGIES INCNEW+2.0K2.0K+$356$356
TSLATESLA INCNEW+645645+$290$290

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

Holdings — Q4 2025

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DFAIDIMENSIONAL ETF TRUSTINTL CORE EQT MK · CORE FIXED INCOM · US CORE EQUITY 1 · EMGR CRE EQT MNG · US TARGETED VLU · WORLD EX US CORE · US MKTWIDE VALUE17.70%$149,2503.45M
2ISHARES TRMSCI USA QLT FCT · US TREAS BD ETF · MSCI EMG MKT ETF6.37%$53,6831.17M
3VANGUARD BD INDEX FDSSHORT TRM BOND5.03%$42,444538.6K
4VANGUARD WHITEHALL FDSHIGH DIV YLD2.87%$24,186168.5K
5AMERICAN CENTY ETF TRUS EQT ETF · INTL EQT ETF · AVANTIS EMGMKT2.86%$24,123263.3K
6GLOBAL X FDSGLB X MLP ENRG I2.10%$17,692292.3K
7METAMETA PLATFORMS INChistory →CL A1.93%$16,26024.6K
8SPDR S&P 500 ETF TRTR UNIT1.85%$15,62722.9K
9GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.82%$15,33148.9K
10MSFTMICROSOFT CORPhistory →COM1.79%$15,08831.2K
11BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.61%$13,60327.1K
12AMZNAMAZON COM INChistory →COM1.44%$12,15252.6K
13ETENERGY TRANSFER L Phistory →COM UT LTD PTN1.25%$10,532638.7K
14WMTWALMART INChistory →COM1.13%$9,54285.6K
15HDHOME DEPOT INChistory →COM1.12%$9,46627.5K
16UBERUBER TECHNOLOGIES INChistory →COM1.05%$8,833108.1K
17NFLXNETFLIX INCCOM0.92%$7,75182.7K
18FAFFIRST AMERN FINL CORPCOM0.89%$7,517122.4K
19PGRPROGRESSIVE CORPCOM0.89%$7,46832.8K
20SPDR SER TRS&P REGL BKG0.77%$6,481100.0K
21PROFESIONALLY MANAGED PORTFOAKRE FOCUS ETF0.77%$6,45398.5K
22AAPLAPPLE INCCOM0.76%$6,41123.6K
23ABBVABBVIE INCCOM0.76%$6,40228.0K
24ARCH CAP GROUP LTDORD0.68%$5,72159.6K
25EPDENTERPRISE PRODS PARTNERS LCOM0.64%$5,387168.0K
26WRBBERKLEY W R CORPCOM0.63%$5,29375.5K
27CPRTCOPART INCCOM0.58%$4,872124.4K
28MRSHMARSH & MCLENNAN COS INCCOM0.55%$4,64621.4K
29CSCOCISCO SYS INCCOM0.55%$4,62160.0K
30JNJJOHNSON & JOHNSONCOM0.54%$4,58222.1K
31KDPKEURIG DR PEPPER INCCOM0.54%$4,538162.0K
32AON PLCSHS CL A0.53%$4,45312.6K
33VVISA INCCOM CL A0.52%$4,42112.6K
34BKNGBOOKING HOLDINGS INCCOM0.52%$4,343811

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 ↗.