Annandale Capital, LLC

Registered adviser

CIK

1811739

Location

DALLAS, TX

Portfolio Value

Small $592,058,164

Diversification

Diversified

Filing Date

Global Rank

#3,366 / 8,811 ▼ 495

Top Industry

Internet Content & Information 11.7%

Period ended 4 months ago

Filed Aug 13, 2026 · 2mo

23 quarters · since Dec 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 136667

Roster of Oct 1, 2026

Regulatory AUM

$1,550,202,000

Main clients

Individuals and high net worth (71% of AUM)

Private funds on Schedule D 7.B.(1)

As filed Mar 28, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

No private funds listed.

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$1,550,202,000	Individuals and high net worth (71%)
Apr 2025 to Mar 2026	$1,390,449,000	Individuals and high net worth (73%)
Apr 2024 to Mar 2025	$1,298,005,000	Individuals and high net worth (73%)
May 2023 to Mar 2024	$1,049,406,000	Individuals and high net worth (68%)
Apr 2023	$1,049,406,000	Individuals and high net worth (68%)
Apr 2022 to Mar 2023	$1,046,239,000	Individuals and high net worth (75%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 63.9% of the book (60%+)

Turnover

Low turnover

10.6% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 16.7 quarters (12+)

Closest benchmark: the S&P 500 as of 2026-06-30, active share 75.2%; sector active share 47.2% against the combined 13F book's sector weights.

Over time 23 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

125 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

30.1%

+5.1 pts

Top 5

50.1%

−6.5 pts

Top 10

63.9%

−4.4 pts

HHI

1,087

Diversified+41

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	56.3%	$333,572,950	48
Financial Services	11.9%	$70,439,767	23
Technology	10.5%	$62,191,413	11
Communication Services	6.4%	$37,624,256	5
Healthcare	5.2%	$30,748,286	14
Consumer Cyclical	4.8%	$28,226,321	4
Consumer Defensive	2.1%	$12,271,974	3
Industrials	1.7%	$9,926,462	8
Energy	1.2%	$7,005,735	8
Basic Materials	0.0%	$51,000	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
DFAI	Dimensional International Core Equity Market ETF	+90,613	1,007,698	$41,567,542
DCOR	Dimensional ETF Trust	+67,331	503,749	$41,297,343
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	+33,900	305,764	$11,264,345
NVDA	Nvidia Corp	+21,988	34,841	$6,971,335
AAPL	Apple Inc.	+16,422	40,508	$11,721,394
MSFT	Microsoft Corp	+16,343	63,180	$23,567,403
ABT	Abbott Laboratories	+16,300	44,814	$4,066,422
BKNG	Booking Holdings Inc.	+15,672	16,325	$2,909,768
DFCF	Dimensional Core Fixed Income ETF	+12,877	884,325	$37,327,358
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	+9,250	556,851	$43,384,261
DFAT	Dimensional U.S. Targeted Value ETF	+8,656	128,199	$8,961,110
QUAL	iShares MSCI USA Quality Factor ETF	+8,080	155,660	$0
BDX	Becton Dickinson & Co	+6,600	15,961	$2,415,378
MRK	Merck & Co., Inc.	+6,310	11,035	$1,417,997
AR	ANTERO RESOURCES Corp	+6,310	26,464	$929,944
VUG	VANGUARD GROWTH INDEX FUND	+1,895	2,414	$207,941
GOVT	iShares U.S. Treasury Bond ETF	+1,806	875,351	$0
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	+1,007	164,994	$26,074,001
TMO	Thermo Fisher Scientific Inc.	+1,000	5,452	$2,733,414
TSLA	Tesla, Inc.	+774	1,424	$598,934
IWC	iShares Micro-Cap ETF	+715	1,186	$0
CPRT	Copart Inc	+598	132,542	$3,736,358
DFAW	Dimensional World Equity ETF	+286	13,349	$1,105,163
APO	Apollo Global Management, Inc.	+245	13,860	$1,639,776
HD	Home Depot, Inc.	+130	34,424	$12,140,656
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	−62,859	164,553	$9,576,984
FAF	First American Financial Corp	−52,500	77,855	$5,340,074
KDP	Keurig Dr Pepper Inc.	−34,300	81,958	$2,682,485
WRB	Berkley W R Corp	−22,800	36,279	$2,558,757
DFAE	Dimensional Emerging Core Equity Market ETF	−19,743	697,284	$28,037,789
URGN	UroGen Pharma Ltd.	−13,127	45,425	$1,671,640
MRSH	Marsh & Mclennan Companies, Inc.	−8,900	12,480	$2,080,041
AKRE	Professionally Managed Portfolios	−8,650	63,218	$3,362,565
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF	−5,700	69,300	$5,187,105
AVEM	Avantis Emerging Markets Equity ETF	−5,541	51,594	$4,978,305
MLPX	Global X MLP and Energy Infrastructure ETF	−4,384	171,649	$0
ET	Energy Transfer LP	−3,353	348,462	$0
GOOGL	Alphabet Inc.	−2,995	25,274	$9,032,169
UNP	Union Pacific Corp	−2,600	7,610	$2,069,920
DFSD	Dimensional Short-Duration Fixed Income ETF	−1,463	6,379	$304,597
XOM	ExxonMobil Holdings Corp	−594	1,975	$270,022
DELL	Dell Technologies Inc.	−574	1,253	$540,619
AVGO	Broadcom Inc.	−481	724	$273,491
SPY	Spdr S&P 500 ETF Trust	−396	30,170	$22,530,050
META	Meta Platforms, Inc.	−321	24,354	$13,718,364
ACGL	Arch Capital Group Ltd.	−200	61,870	$6,005,102
GOOG	Alphabet Inc.	−148	21,066	$7,443,249
CVX	Chevron Corp	−75	1,289	$213,664
VTV	VANGUARD VALUE INDEX FUND	−74	5,187	$1,130,402
WMT	Walmart Inc.	−54	81,779	$9,262,289
No positions match the current search.

New Positions

Positions the filer opened this quarter

18 positions

Ticker	Company	Shares	Value
TSM	Taiwan Semiconductor Manufacturing Co Ltd	6,319	$3,017,764
WBD	Warner Bros. Discovery, Inc.	57,177	$1,524,338
MDT	Medtronic plc	19,044	$1,489,812
NVO	Novo Nordisk A S	24,000	$1,150,560
IQV	Iqvia Holdings Inc.	5,300	$1,024,066
BRK-A	Berkshire Hathaway Inc	1	$748,850
CLSK	Cleanspark, Inc.	43,572	$633,972
BRO	Brown & Brown, Inc.	7,600	$487,540
FIX	Comfort Systems USA Inc	200	$396,390
MSTR	Strategy Inc	4,269	$371,104
USFD	US Foods Holding Corp.	3,200	$327,200
AOS	Smith A O Corp	4,700	$294,784
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	670	$247,926
VO	VANGUARD MID-CAP INDEX FUND	2,775	$223,581
VOO	VANGUARD 500 INDEX FUND	300	$206,043
EOSE	Eos Energy Enterprises, Inc.	12,870	$75,675
IJR	iShares Core S&P Small-Cap ETF	1,371	$0
IWF	iShares Russell 1000 Growth ETF	1,884	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

11 positions

Ticker	Company	Shares	Value
TXN	Texas Instruments Inc	9,062	$1,759,296
CTVA	Corteva, Inc.	5,767	$482,755
Q	Qnity Electronics, Inc.	2,897	$334,255
T	At&T Inc.	9,265	$268,592
DD	DuPont de Nemours, Inc.	5,795	$265,410
BA	Boeing Co	1,282	$255,156
DOW	Dow Inc.	5,795	$241,361
EPD	Enterprise Products Partners L.P.	6,092	$230,521
SLV	iShares Silver Trust	3,000	$204,420
KMI	Kinder Morgan, Inc.	6,064	$203,325
VDE	VANGUARD ENERGY INDEX FUND	1,485	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

125 tracked positions · $592,058,164 total · filing declares 128 positions · $732,848 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Showing 1–50 of 125 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	Added	556,851	+9,250	$43,384,261	+1.0%	23	before history	7.33%
DFAI	Dimensional International Core Equity Market ETF	Added	1,007,698	+90,613	$41,567,542	+16.3%	16	unpriced	7.02%
DCOR	Dimensional ETF Trust	Added	503,749	+67,331	$41,297,343	+31.3%	11	unpriced	6.98%
DFCF	Dimensional Core Fixed Income ETF	Added	884,325	+12,877	$37,327,358	+1.5%	11	unpriced	6.30%
DFAE	Dimensional Emerging Core Equity Market ETF	Reduced	697,284	-19,743	$28,037,789	+15.5%	16	unpriced	4.74%
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	Added	164,994	+1,007	$26,074,001	+7.4%	23	before history	4.40%
MSFT	Microsoft Corp Technology	Added	63,180	+16,343	$23,567,403	+35.9%	23	before history	3.98%
SPY	Spdr S&P 500 ETF Trust PUT + SHARES	Reduced	90,370	-70,396	$22,568,983	−78.4%	23	before history	3.81%
EEM	iShares MSCI Emerging Markets ETF PUT + SHARES	Held	410,809	0	$14,430,128	+20.4%	23	before history	2.44%
META	Meta Platforms, Inc. Communication Services	Reduced	24,354	-321	$13,718,364	−2.8%	21	$216.95	2.32%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	27,067	+5	$13,544,056	+4.4%	23	before history	2.29%
AMZN	Amazon Com Inc Consumer Cyclical	Added	52,769	+45	$12,576,963	+14.5%	23	before history	2.12%
AVUS	Avantis U.S. Equity ETF	Held	94,819	0	$12,144,417	+15.2%	11	$82.40	2.05%
HD	Home Depot, Inc. Consumer Cyclical	Added	34,424	+130	$12,140,656	+7.6%	23	before history	2.05%
AAPL	Apple Inc. Technology	Added	40,508	+16,422	$11,721,394	+91.8%	23	before history	1.98%
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	Added	305,764	+33,900	$11,264,345	+22.0%	10	unpriced	1.90%
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	Reduced	164,553	-62,859	$9,576,984	−28.1%	2	$58.70	1.62%
WMT	Walmart Inc. Consumer Defensive	Reduced	81,779	-54	$9,262,289	−8.9%	23	before history	1.56%
GOOGL	Alphabet Inc. Communication Services	Reduced	25,274	-2,995	$9,032,169	+11.1%	21	unpriced	1.53%
DFAT	Dimensional U.S. Targeted Value ETF	Added	128,199	+8,656	$8,961,110	+20.0%	21	unpriced	1.51%
AVDE	Avantis International Equity ETF	Held	95,262	0	$8,497,370	+5.1%	11	$59.93	1.44%
UBER	Uber Technologies, Inc Technology	Reduced	108,113	-10	$7,801,434	+0.3%	6	unpriced	1.32%
GOOG	Alphabet Inc. Communication Services	Reduced	21,066	-148	$7,443,249	+22.3%	23	before history	1.26%
PGR	Progressive Corp/Oh/ Financial Services	Held	32,794	0	$7,163,849	+10.2%	22	unpriced	1.21%
ABBV	AbbVie Inc. Healthcare	Held	28,032	0	$7,053,972	+15.7%	23	before history	1.19%
AON	Aon plc Financial Services	Added	21,091	+59	$6,995,673	+3.0%	23	before history	1.18%
NVDA	Nvidia Corp Technology	Added	34,841	+21,988	$6,971,335	+211.0%	11	$191.75	1.18%
DFUV	Dimensional U.S. Marketwide Value ETF	Added	125,272	+63	$6,891,212	+13.6%	17	unpriced	1.16%
CSCO	Cisco Systems, Inc. Technology	Held	55,815	0	$6,556,029	+51.4%	23	before history	1.11%
ACGL	Arch Capital Group Ltd. Financial Services	Reduced	61,870	-200	$6,005,102	+0.8%	22	unpriced	1.01%
NFLX	Netflix Inc Communication Services	Held	82,719	0	$5,906,136	−25.7%	18	$28.40	1.00%
FAF	First American Financial Corp Financial Services	Reduced	77,855	-52,500	$5,340,074	−32.1%	11	unpriced	0.90%
JNJ	Johnson & Johnson Healthcare	Reduced	20,987	-30	$5,330,068	+3.8%	23	before history	0.90%
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF	Reduced	69,300	-5,700	$5,187,105	+6.2%	13	$43.49	0.88%
V	Visa Inc. Financial Services	Added	14,568	+123	$4,998,135	+14.5%	19	unpriced	0.84%
AVEM	Avantis Emerging Markets Equity ETF	Reduced	51,594	-5,541	$4,978,305	+8.1%	11	$56.42	0.84%
ABT	Abbott Laboratories Healthcare	Added	44,814	+16,300	$4,066,422	+38.9%	23	before history	0.69%
CPRT	Copart Inc Industrials	Added	132,542	+598	$3,736,358	−14.7%	19	unpriced	0.63%
AKRE	Professionally Managed Portfolios	Reduced	63,218	-8,650	$3,362,565	−11.5%	3	$64.74	0.57%
SCHW	Schwab Charles Corp Financial Services	Held	35,848	0	$3,307,694	−1.8%	19	$65.17	0.56%
FCNCA	First Citizens Bancshares Inc /De/ Financial Services	Held	1,530	0	$3,183,608	+10.4%	4	unpriced	0.54%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	NEW	6,319	NEW	$3,017,764	NEW	1	$405.79	0.51%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	16,325	+15,672	$2,909,768	+5.8%	23	before history	0.49%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	5,452	+1,000	$2,733,414	+24.9%	5	unpriced	0.46%
KDP	Keurig Dr Pepper Inc. Consumer Defensive	Reduced	81,958	-34,300	$2,682,485	−12.4%	3	$27.46	0.45%
JPM	Jpmorgan Chase & Co Financial Services	Held	7,842	0	$2,566,921	+11.3%	10	$287.39	0.43%
WRB	Berkley W R Corp Financial Services	Reduced	36,279	-22,800	$2,558,757	−34.7%	13	unpriced	0.43%
NRP	Natural Resource Partners LP Energy	Held	26,207	0	$2,542,079	−19.8%	4	unpriced	0.43%
BDX	Becton Dickinson & Co Healthcare	Added	15,961	+6,600	$2,415,378	+64.1%	3	$149.59	0.41%
OKE	Oneok Inc /New/ Energy	Held	27,587	0	$2,398,413	−3.8%	3	$70.99	0.41%

Showing the top 50 of 125 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.