Annandale Capital, LLC

CIK

1811739

Location

DALLAS, TX

Portfolio Value

Small $333,578,457

Diversification

Diversified

Filing Date

Global Rank

#3,243 / 8,603 ▼ 94 · as of Mar 2026

Top Industry

Internet Content & Information 9.7%

3Y Alpha vs SPY

-4.3%

Period ended 3 months ago

Filed May 15, 2026 · 55d

22 quarters · since Dec 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+57.8%

SPY

+76.0%

Annualised alpha

-4.3%

Max drawdown

−16.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

74 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

31.3%

+2.8 pts

Top 5

48.0%

+2.2 pts

Top 10

61.6%

+0.8 pts

HHI

1,139

Diversified+158

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	31.5%	$105,101,130	3
Financial Services	21.5%	$71,717,435	20
Technology	12.6%	$42,061,407	11
Communication Services	9.1%	$30,468,363	4
Consumer Cyclical	6.8%	$22,611,390	4
Healthcare	6.5%	$21,760,197	11
Energy	4.4%	$14,745,704	9
Consumer Defensive	4.0%	$13,231,278	2
Industrials	3.1%	$10,296,204	6
Basic Materials	0.5%	$1,585,349	4

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
MSFT	Microsoft Corp	+15,638	46,837	$17,337,652
NVDA	Nvidia Corp	+11,407	12,853	$2,241,563
AON	Aon plc	+8,413	21,032	$6,788,708
FAF	First American Financial Corp	+8,000	130,355	$7,859,102
SPY	Spdr S&P 500 ETF Trust	+7,850	160,766	$104,552,560
CPRT	Copart Inc	+7,500	131,944	$4,380,540
JPM	Jpmorgan Chase & Co	+6,816	7,842	$2,306,802
HD	Home Depot, Inc.	+6,784	34,294	$11,278,953
ACGL	Arch Capital Group Ltd.	+2,422	62,070	$5,958,099
V	Visa Inc.	+1,839	14,445	$4,365,856
TMO	Thermo Fisher Scientific Inc.	+1,004	4,452	$2,188,291
AAPL	Apple Inc.	+502	24,086	$6,112,785
OKE	Oneok Inc /New/	+346	27,587	$2,493,588
ABT	Abbott Laboratories	+138	28,514	$2,927,532
AMZN	Amazon Com Inc	+77	52,724	$10,980,827
NFLX	Netflix Inc	+52	82,719	$7,953,431
DIA	Spdr Dow Jones Industrial Average ETF Trust	+45	743	$344,150
META	Meta Platforms, Inc.	+42	24,675	$14,117,307
AVGO	Broadcom Inc.	+29	1,205	$372,959
WSO	Watsco Inc	+28	3,516	$1,279,085
MRK	Merck & Co., Inc.	+22	4,725	$568,370
ABBV	AbbVie Inc.	+12	28,032	$6,096,679
DHR	Danaher Corp /De/	+12	7,827	$1,483,999
UNP	Union Pacific Corp	+8	10,210	$2,477,150
TSLA	Tesla, Inc.	+5	650	$241,637
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
ET	Energy Transfer LP	−286,846	351,815	$6,790,029
EPD	Enterprise Products Partners L.P.	−161,939	6,092	$230,521
AR	ANTERO RESOURCES Corp	−59,550	20,154	$855,335
UBER	Uber Technologies, Inc	−49,976	108,123	$7,777,287
KDP	Keurig Dr Pepper Inc.	−45,750	116,258	$3,061,073
GOOGL	Alphabet Inc.	−30,452	28,269	$8,129,033
WRB	Berkley W R Corp	−16,400	59,079	$3,915,756
COP	Conocophillips	−16,090	2,381	$314,292
TXN	Texas Instruments Inc	−7,873	9,062	$1,759,296
CSCO	Cisco Systems, Inc.	−4,178	55,815	$4,330,685
PAA	Plains All American Pipeline LP	−4,135	18,153	$405,356
WMT	Walmart Inc.	−3,812	81,833	$10,170,205
URGN	UroGen Pharma Ltd.	−2,000	58,552	$1,052,764
KMI	Kinder Morgan, Inc.	−1,600	6,064	$203,325
JNJ	Johnson & Johnson	−1,123	21,017	$5,137,395
MKL	Markel Group Inc.	−598	1,012	$1,937,038
BKNG	Booking Holdings Inc.	−158	653	$109,973
ICE	Intercontinental Exchange, Inc.	−58	15,188	$2,388,768
CVX	Chevron Corp	−28	1,364	$282,211
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
KKR	KKR & Co. Inc.	16,650	$1,540,125
SPGI	S&P Global Inc.	3,777	$1,519,876
APO	Apollo Global Management, Inc.	13,615	$1,516,983
T	At&T Inc.	9,265	$268,592
DOW	Dow Inc.	5,795	$241,361
SLV	iShares Silver Trust	3,000	$204,420
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
OXY	Occidental Petroleum Corp /De/	73,200	$3,009,984
MSCI	MSCI Inc.	2,910	$1,669,554
WFC	Wells Fargo & Company/Mn	17,164	$1,599,684
QCOM	Qualcomm Inc/De	6,741	$1,153,048
ICLR	Icon PLC	3,300	$601,326
MSTR	Strategy Inc	1,600	$243,120
DVN	Devon Energy Corp/De	5,500	$201,465
BSM	Black Stone Minerals, L.P.	12,911	$171,587
CRGY	Crescent Energy Co	17,273	$144,920
RIG	Transocean Ltd.	16,600	$68,558
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

74 positions · $333,578,457 total · as of Mar 31, 2026

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

Showing 1–50 of 74 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	160,766	+7,850	$104,552,560	+0.3%	31.34%
MSFT	Microsoft Corp Technology	Added	46,837	+15,638	$17,337,652	+14.9%	5.20%
META	Meta Platforms, Inc. Communication Services	Added	24,675	+42	$14,117,307	−13.2%	4.23%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	27,062	0	$12,968,110	−4.7%	3.89%
HD	Home Depot, Inc. Consumer Cyclical	Added	34,294	+6,784	$11,278,953	+19.1%	3.38%
AMZN	Amazon Com Inc Consumer Cyclical	Added	52,724	+77	$10,980,827	−9.6%	3.29%
WMT	Walmart Inc. Consumer Defensive	Reduced	81,833	-3,812	$10,170,205	+6.6%	3.05%
GOOGL	Alphabet Inc. Communication Services	Reduced	28,269	-30,452	$8,129,033	−55.8%	2.44%
NFLX	Netflix Inc Communication Services	Added	82,719	+52	$7,953,431	+2.6%	2.38%
FAF	First American Financial Corp Financial Services	Added	130,355	+8,000	$7,859,102	+4.5%	2.36%
UBER	Uber Technologies, Inc Technology	Reduced	108,123	-49,976	$7,777,287	−39.8%	2.33%
ET	Energy Transfer LP Energy	Reduced	351,815	-286,846	$6,790,029	−35.5%	2.04%
AON	Aon plc Financial Services	Added	21,032	+8,413	$6,788,708	+52.5%	2.04%
PGR	Progressive Corp/Oh/ Financial Services	Held	32,794	0	$6,501,082	−12.9%	1.95%
AAPL	Apple Inc. Technology	Added	24,086	+502	$6,112,785	−4.7%	1.83%
ABBV	AbbVie Inc. Healthcare	Added	28,032	+12	$6,096,679	−4.8%	1.83%
ACGL	Arch Capital Group Ltd. Financial Services	Added	62,070	+2,422	$5,958,099	+4.1%	1.79%
JNJ	Johnson & Johnson Healthcare	Reduced	21,017	-1,123	$5,137,395	+12.1%	1.54%
CPRT	Copart Inc Industrials	Added	131,944	+7,500	$4,380,540	−10.1%	1.31%
V	Visa Inc. Financial Services	Added	14,445	+1,839	$4,365,856	−1.2%	1.31%
CSCO	Cisco Systems, Inc. Technology	Reduced	55,815	-4,178	$4,330,685	−6.3%	1.30%
WRB	Berkley W R Corp Financial Services	Reduced	59,079	-16,400	$3,915,756	−26.0%	1.17%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Held	21,380	0	$3,708,361	−6.5%	1.11%
SCHW	Schwab Charles Corp Financial Services	Held	35,848	0	$3,368,995	−5.9%	1.01%
NRP	Natural Resource Partners LP Energy	Held	26,207	0	$3,171,047	+15.9%	0.95%
KDP	Keurig Dr Pepper Inc. Consumer Defensive	Reduced	116,258	-45,750	$3,061,073	−32.5%	0.92%
ABT	Abbott Laboratories Healthcare	Added	28,514	+138	$2,927,532	−17.7%	0.88%
FCNCA	First Citizens Bancshares Inc /De/ Financial Services	Held	1,530	0	$2,883,529	−12.2%	0.86%
OKE	Oneok Inc /New/ Energy	Added	27,587	+346	$2,493,588	+24.5%	0.75%
UNP	Union Pacific Corp Industrials	Added	10,210	+8	$2,477,150	+5.0%	0.74%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	15,188	-58	$2,388,768	−3.3%	0.72%
JPM	Jpmorgan Chase & Co Financial Services	Added	7,842	+6,816	$2,306,802	+597.8%	0.69%
NVDA	Nvidia Corp Technology	Added	12,853	+11,407	$2,241,563	+731.2%	0.67%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	4,452	+1,004	$2,188,291	+9.5%	0.66%
MKL	Markel Group Inc. Financial Services	Reduced	1,012	-598	$1,937,038	−44.0%	0.58%
TXN	Texas Instruments Inc Technology	Reduced	9,062	-7,873	$1,759,296	−40.1%	0.53%
KKR	KKR & Co. Inc. Financial Services	NEW	16,650	NEW	$1,540,125	NEW	0.46%
SPGI	S&P Global Inc. Financial Services	NEW	3,777	NEW	$1,519,876	NEW	0.46%
APO	Apollo Global Management, Inc. Financial Services	NEW	13,615	NEW	$1,516,983	NEW	0.45%
DHR	Danaher Corp /De/ Healthcare	Added	7,827	+12	$1,483,999	−17.0%	0.44%
BDX	Becton Dickinson & Co Healthcare	Held	9,361	0	$1,471,830	+3.1%	0.44%
KWY	KINGSWAY Corp Financial Services	Held	128,200	0	$1,337,126	−22.5%	0.40%
WSO	Watsco Inc Industrials	Added	3,516	+28	$1,279,085	+8.8%	0.38%
GLOO	Gloo Holdings, Inc. Technology	Held	250,000	0	$1,202,500	−15.5%	0.36%
VRSK	Verisk Analytics, Inc. Industrials	Held	6,299	0	$1,195,235	−15.2%	0.36%
URGN	UroGen Pharma Ltd. Healthcare	Reduced	58,552	-2,000	$1,052,764	−25.8%	0.32%
AR	ANTERO RESOURCES Corp Energy	Reduced	20,154	-59,550	$855,335	−68.9%	0.26%
DD	DuPont de Nemours, Inc. Basic Materials	Held	5,795	0	$796,233	+13.9%	0.24%
MEDP	Medpace Holdings, Inc. Healthcare	Held	1,600	0	$768,304	−14.5%	0.23%
CSW	Csw Industrials, Inc. Industrials	Held	2,721	0	$709,038	−11.2%	0.21%