SEC 13F Intelligence

Managers / Q1 2026

Annandale Capital, LLC

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

Reported Value
$708,835
Q1 2026
Positions
121
Filings on Record
23
2019–present window
Filed
May 15, 2026
original filing

Summary

Annandale Capital, LLC reported $708,835 in U.S.-listed holdings across 121 positions for Q1 2026.

Its largest position, Vanguard Bd Index Fds, represents 6.1% of the portfolio.

Compared with Q4 2025, the fund opened 8 new positions and exited 12.

Portfolio Metrics

Turnover
+6.3%
vs prior filed quarter
Top-10 Concentration
+39.6%
share of reported value
Largest Position
+6.1%
Vanguard Bd Index Fds
New / Exited
8 / 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. 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: 66.6%Common Stock: 30.0%Other: 1.9%MLP: 1.5%Closed-End Fund: 0.1%
  • ETP · 66.6% · $471,734
  • Common Stock · 30.0% · $212,321
  • Other · 1.9% · $13,800
  • MLP · 1.5% · $10,597
  • Closed-End Fund · 0.1% · $383

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VGSHVANGUARD SCOTTSDALE FDSNEW+227.4K227.4K+$13,313$13,313
SPGIS&P GLOBAL INCNEW+3.8K3.8K+$1,607$1,607
KKRKKR & CO INCNEW+16.6K16.6K+$1,540$1,540
APOAPOLLO GLOBAL MGMT INCNEW+13.6K13.6K+$1,517$1,517
TAT&T INCNEW+9.3K9.3K+$269$269
VDEVANGUARD WORLD FDNEW+1.5K1.5K+$257$257
DOWDOW HLDGS INCNEW+5.8K5.8K+$241$241
SLVISHARES SILVER TRNEW+3.0K3.0K+$204$204

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

Holdings — Q1 2026

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DFCFDIMENSIONAL ETF TRUSTCORE FIXED INCOM · INTL CORE EQT MK · US CORE EQUITY 1 · EMGR CRE EQT MNG · WORLD EX US CORE · US TARGETED VLU · US MKTWIDE VALUE21.31%$151,0273.46M
2ISHARES TRMSCI USA QLT FCT · US TREAS BD ETF · MSCI EMG MKT ETF8.51%$60,2921.23M
3VANGUARD BD INDEX FDSSHORT TRM BOND6.06%$42,937547.6K
4VANGUARD WHITEHALL FDSHIGH DIV YLD3.43%$24,286164.0K
5AMERICAN CENTY ETF TRUS EQT ETF · INTL EQT ETF · AVANTIS EMGMKT3.28%$23,228247.2K
6SPDR S&P 500 ETF TRTR UNIT2.80%$19,87830.6K
7MSFTMICROSOFT CORPhistory →COM2.45%$17,33846.8K
8GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.01%$14,21449.5K
9METAMETA PLATFORMS INChistory →CL A1.99%$14,11724.7K
10VGSHVANGUARD SCOTTSDALE FDShistory →SHORT TERM TREAS1.88%$13,313227.4K
11GLOBAL X FDSGLB X MLP ENRG I1.84%$13,016176.0K
12BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.83%$12,96827.1K
13HDHOME DEPOT INChistory →COM1.59%$11,27934.3K
14AMZNAMAZON COM INChistory →COM1.55%$10,98152.7K
15WMTWALMART INChistory →COM1.43%$10,17081.8K
16NFLXNETFLIX INChistory →COM1.12%$7,95382.7K
17FAFFIRST AMERN FINL CORPhistory →COM1.11%$7,859130.4K
18UBERUBER TECHNOLOGIES INChistory →COM1.10%$7,777108.1K
19ETENERGY TRANSFER L PCOM UT LTD PTN0.96%$6,790351.8K
20AON PLCSHS CL A0.96%$6,78921.0K
21PGRPROGRESSIVE CORPCOM0.92%$6,50132.8K
22AAPLAPPLE INCCOM0.86%$6,11324.1K
23ABBVABBVIE INCCOM0.86%$6,09728.0K
24ARCH CAP GROUP LTDORD0.84%$5,95862.1K
25JNJJOHNSON & JOHNSONCOM0.72%$5,13721.0K
26SPDR SER TRS&P REGL BKG0.69%$4,88675.0K
27CPRTCOPART INCCOM0.62%$4,381131.9K
28VVISA INCCOM CL A0.62%$4,36614.4K
29CSCOCISCO SYS INCCOM0.61%$4,33155.8K
30WRBBERKLEY W R CORPCOM0.55%$3,91659.1K
31PROFESIONALLY MANAGED PORTFOAKRE FOCUS ETF0.54%$3,79871.9K
32MRSHMARSH & MCLENNAN COS INCCOM0.51%$3,61421.4K
33SCHWSCHWAB CHARLES CORPCOM0.48%$3,36935.8K
34NRPNATURAL RESOURCE PARTNERS LCOM UNIT LTD PAR0.45%$3,17126.2K
35KDPKEURIG DR PEPPER INCCOM0.43%$3,061116.3K
36ABTABBOTT LABSCOM0.41%$2,92828.5K

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 ↗.