Annandale Capital, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Annandale Capital, LLC reported 124 stock positions worth $675.0 million. Its top holding was Vanguard Short-Term Bond ETF (BSV) at 6.4% of the portfolio, followed by Dimensional International (DFAI, 6.2%) and Dimensional US Core Eq 1 ETF (DCOR, 6.1%). Compared with Q1 2026, it opened 18 new positions, sold out of 11, added to 30 and reduced 30. The biggest buy was Dimensional US Core Eq 1 ETF (DCOR, shares +15%) and the biggest sale Vanguard Short-Term Treasury (VGSH, shares −28%).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001811739
Portfolio Value
$675.0M (Q2 2026)
SEC Filing
0001811739-26-000003 ↗ filed Aug 13, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $442.3M Q1 2024 Q2 2024: $480.4M Q2 2024 Q3 2024: $500.0M Q3 2024 Q4 2024: $505.0M Q4 2024 Q1 2025: $533.7M Q1 2025 Q2 2025: $542.2M Q2 2025 Q3 2025: $562.8M Q3 2025 Q4 2025: $614.2M Q4 2025 Q1 2026: $609.0M Q1 2026 Q2 2026: $675.0M $675.0M Q2 2026

Holdings 124 stocks · $675.0M
BSV Vanguard Short-Term Bond ETF 6.43% 556,851 $43.4M Add +1.7%
DFAI Dimensional International Co. 6.16% 1,007,698 $41.6M Add +9.9%
DCOR Dimensional US Core Eq 1 ETF 6.12% 503,749 $41.3M Add +15.4%
DFCF Dimensional Core Fixed Inc. 5.53% 884,325 $37.3M Add +1.5%
QUAL iShares MSCI USA Quality Fac 5.06% 155,660 $34.2M Add +5.5%
DFAE Dimensional Emerging Core Eq 4.15% 697,284 $28.0M Reduce -2.8%
VYM Vanguard High DVD Yield ETF 3.86% 164,994 $26.1M Add +0.6%
MSFT Microsoft Corp. 3.49% 63,180 $23.6M Add +34.9%
SPY SS SPDR S&P 500 ETF Trust-US 3.34% 30,170 $22.5M Reduce -1.3%
GOVT iShares US Treasury Bond ETF 2.95% 875,351 $19.9M Add +0.2%
EEM iShares MSCI Emerging Market 2.14% 210,809 $14.4M No change
META Meta Platforms Inc. Class A 2.03% 24,354 $13.7M Reduce -1.3%
BRK.B Berkshire Hathaway Inc. Class B 2.01% 27,067 $13.5M Add +0.0%
MLPX Global X MLP & Energy Infras 1.87% 171,649 $12.6M Reduce -2.5%
AMZN Amazon.com Inc. 1.86% 52,769 $12.6M Add +0.1%
AVUS Avantis U.S. Equity ETF 1.80% 94,819 $12.1M No change
HD Home Depot Inc. 1.80% 34,424 $12.1M Add +0.4%
AAPL Apple Inc. 1.74% 40,508 $11.7M Add +68.2%
DFAX Dimensional World Ex US Core 1.67% 305,764 $11.3M Add +12.5%
VGSH Vanguard Short-Term Treasury 1.42% 164,553 $9.6M Reduce -27.6%
WMT Walmart Inc. 1.37% 81,779 $9.3M Reduce -0.1%
GOOGL Alphabet Inc. Class A 1.34% 25,274 $9.0M Reduce -10.6%
DFAT Dimensional US Target Value 1.33% 128,199 $9.0M Add +7.2%
AVDE Avantis International Equity 1.26% 95,262 $8.5M No change
UBER Uber Technologies Inc. 1.16% 108,113 $7.8M Reduce -0.0%
GOOG Alphabet Inc. Class C 1.10% 21,066 $7.4M Reduce -0.7%
PGR Progressive Corp. 1.06% 32,794 $7.2M No change
ABBV Abbvie Inc. 1.05% 28,032 $7.1M No change
AON Aon PLC Class A 1.04% 21,091 $7.0M Add +0.3%
NVDA Nvidia Corp. 1.03% 34,841 $7.0M Add +171.1%
DFUV Dimensional US Marketwide Va 1.02% 125,272 $6.9M Add +0.1%
ET Energy Transfer LP 0.99% 348,462 $6.7M Reduce -0.9%
CSCO Cisco Systems Inc. 0.97% 55,815 $6.6M No change
ACGL Arch Capital Group Ltd. 0.89% 61,870 $6.0M Reduce -0.3%
NFLX Netflix Inc. 0.88% 82,719 $5.9M No change
FAF First American Financial 0.79% 77,855 $5.3M Reduce -40.3%
JNJ Johnson & Johnson 0.79% 20,987 $5.3M Reduce -0.1%
KRE SS SPDR S&P Regional Bank 0.77% 69,300 $5.2M Reduce -7.6%
V Visa Inc. Class A 0.74% 14,568 $5.0M Add +0.8%
AVEM Avantis Emerging Markets Eq 0.74% 51,594 $5.0M Reduce -9.7%
ABT Abbott Laboratories 0.60% 44,814 $4.1M Add +57.2%
CPRT Copart Inc. 0.55% 132,542 $3.7M Add +0.5%
IWM iShares Russell 2000 ETF 0.51% 11,400 $3.4M No change
AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO 0.50% 63,218 $3.4M Reduce -12.0%
SCHW Schwab (charles) Corp. 0.49% 35,848 $3.3M No change
FCNCA First Citizens Bcshs Class A 0.47% 1,530 $3.2M No change
TSM Taiwan Semiconductor-SP ADR 0.45% 6,319 $3.0M New
BKNG Booking Holdings Inc. 0.43% 16,325 $2.9M No change
TMO Thermo Fisher Scientific Inc. 0.40% 5,452 $2.7M Add +22.5%
KDP Keurig Dr Pepper Inc. 0.40% 81,958 $2.7M Reduce -29.5%
EFA iShares MSCI Eafe ETF 0.39% 25,113 $2.6M No change
JPM JPMorgan Chase & Co. 0.38% 7,842 $2.6M No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.38% 36,279 $2.6M Reduce -38.6%
NRP Natural Resource Partners LP 0.38% 26,207 $2.5M No change
BDX Becton Dickinson and Co. 0.36% 15,961 $2.4M Add +70.5%
OKE Oneok Inc. 0.36% 27,587 $2.4M No change
UNP Union Pacific Corp. 0.31% 7,610 $2.1M Reduce -25.5%
MKL Markel Group Inc. 0.29% 1,012 $2.0M No change
MRSH Marsh & McLennan Cos 0.29% 12,480 $1.9M Reduce -41.6%
ICE Intercontinental Exchange Inc. 0.28% 15,188 $1.9M No change
URGN Urogen Pharma Ltd. 0.25% 45,425 $1.7M Reduce -22.4%
APO Apollo Global Management Inc. 0.24% 13,860 $1.6M Add +1.8%
SPGI S&P Global Inc. 0.23% 3,777 $1.5M No change
KKR KKR & Co. Inc. 0.23% 16,650 $1.5M No change
WBD Warner Bros Discovery Inc. 0.23% 57,177 $1.5M New
DHR Danaher Corp. 0.22% 7,827 $1.5M No change
MDT Medtronic PLC 0.22% 19,044 $1.5M New
WSO Watsco Inc. 0.22% 3,516 $1.5M No change
MRK Merck & Co. Inc. 0.21% 11,035 $1.4M Add +133.5%
KWY Kingsway Corp. 0.20% 128,200 $1.3M No change
NVO Novo-Nordisk A/S-Spons ADR 0.17% 24,000 $1.2M New
GLOO Gloo Holdings Inc. Class A 0.17% 250,000 $1.1M No change
VRSK Verisk Analytics Inc. 0.17% 6,299 $1.1M No change
VTV Vanguard Mrngstr Val ETF-Aui 0.17% 5,187 $1.1M Reduce -1.4%
DFAW Dimensional World Eqty ETF 0.16% 13,349 $1.1M Add +2.2%
IQV Iqvia Holdings Inc. 0.15% 5,300 $1.0M New
AR Antero Resources Corp. 0.14% 26,464 $930K Add +31.3%
IVW iShares S&P 500 Growth ETF 0.13% 6,412 $882K No change
MEDP Medpace Holdings Inc. 0.13% 1,600 $847K No change
ACWI iShares MSCI Acwi ETF 0.12% 5,200 $816K Reduce -0.2%
CSW CSW Industrials Inc. 0.11% 2,721 $757K No change
BRK.A Berkshire Hathaway Inc. Class A 0.11% 1 $749K New
MBB iShares MBS ETF 0.10% 6,939 $656K No change
CLSK Cleanspark Inc. 0.09% 43,572 $634K New
IVV iShares Core S&P 500 ETF 0.09% 829 $621K No change
DFAU Dimensional US Core Equity M 0.09% 11,932 $617K No change
TSLA Tesla Inc. 0.09% 1,424 $599K Add +119.1%
SCHG Schwab US Large-Cap Growth 0.09% 17,546 $594K Add +0.1%
DELL Dell Technologies -C 0.08% 1,253 $541K Reduce -31.4%
BRO Brown & Brown Inc. 0.07% 7,600 $488K New
VXUS Vanguard Total Intl Stock 0.07% 5,700 $487K No change
FNDA Schwab Fndmntl US SM Co. ETF 0.07% 12,600 $480K No change
CEE Central and Eastern Europe F filed as THE CENTRAL AND EASTERN EU I 0.06% 20,928 $430K No change
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.06% 813 $425K Add +9.4%
FNDC Schwab Fndmnt Intl SM Eq ETF 0.06% 8,550 $415K No change
PAA Plains All Amer Pipeline LP 0.06% 18,153 $404K No change
FIX Comfort Systems USA Inc. 0.06% 200 $396K New
VBR Vngrd Mrngst SL-CP Val ETF-U 0.06% 1,625 $395K No change
IWN iShares Russell 2000 Value E 0.06% 1,684 $373K No change
MSTR Strategy Inc. 0.06% 4,269 $371K New

Show all 124 holdings

Options reported separately and not counted above: SPY puts ($38.9M), IWM puts ($10.0M), EEM puts ($8.7M), EWZ calls ($270K).

Portfolio Sells Q1 2026 → Q2 2026
VGSH Vanguard Short-Term Treasury Reduce -27.6% 1.42% −0.77
FAF First American Financial Reduce -40.3% 0.79% −0.50
MRSH Marsh & McLennan Cos Reduce -41.6% 0.29% −0.30
WMT Walmart Inc. Reduce -0.1% 1.37% −0.30
TXN Texas Instruments Inc. Sold out 0.00% −0.29
META Meta Platforms Inc. Class A Reduce -1.3% 2.03% −0.29
MLPX Global X MLP & Energy Infras Reduce -2.5% 1.87% −0.26
WRB WR Berkley Corp. Reduce -38.6% 0.38% −0.26
ET Energy Transfer LP Reduce -0.9% 0.99% −0.13
AKRE Akre Focus ETF Reduce -12.0% 0.50% −0.13
UBER Uber Technologies Inc. Reduce -0.0% 1.16% −0.12
KDP Keurig Dr Pepper Inc. Reduce -29.5% 0.40% −0.11
UNP Union Pacific Corp. Reduce -25.5% 0.31% −0.10
ACGL Arch Capital Group Ltd. Reduce -0.3% 0.89% −0.09
CTVA Corteva Inc. Sold out 0.00% −0.08
Q Qnity Electronics Inc. Sold out 0.00% −0.05
JNJ Johnson & Johnson Reduce -0.1% 0.79% −0.05
T AT&T Inc. Sold out 0.00% −0.04
DD Dupont DE Nemours Inc. Sold out 0.00% −0.04
VDE Vanguard Energy ETF Sold out 0.00% −0.04
BA The Boeing Co. Sold out 0.00% −0.04
DOW Dow Inc. Sold out 0.00% −0.04
EPD Enterprise Products Partners Sold out 0.00% −0.04
KRE SS SPDR S&P Regional Bank Reduce -7.6% 0.77% −0.03
SLV iShares Silver Trust Sold out 0.00% −0.03
KMI Kinder Morgan Inc. Sold out 0.00% −0.03
XOM Exxon Mobil Corp. Reduce -23.1% 0.04% −0.03
AVGO Broadcom Inc. Reduce -39.9% 0.04% −0.02
AVEM Avantis Emerging Markets Eq Reduce -9.7% 0.74% −0.02
DFSD Dimensional Short Duration Reduce -18.7% 0.05% −0.02
CVX Chevron Corp. Reduce -5.5% 0.03% −0.01
VUG Vanguard Mrngstar GR ETF-Sui Reduce -22.5% 0.03% −0.01
VTV Vanguard Mrngstr Val ETF-Aui Reduce -1.4% 0.17% −0.00
AVGE Avantis All Eqty Mrkts ETF Reduce -0.1% 0.04% +0.00
ACWI iShares MSCI Acwi ETF Reduce -0.2% 0.12% +0.00
GOOGL Alphabet Inc. Class A Reduce -10.6% 1.34% +0.00
DELL Dell Technologies -C Reduce -31.4% 0.08% +0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.3% 3.34% +0.07
URGN Urogen Pharma Ltd. Reduce -22.4% 0.25% +0.07
GOOG Alphabet Inc. Class C Reduce -0.7% 1.10% +0.10
DFAE Dimensional Emerging Core Eq Reduce -2.8% 4.15% +0.17

Portfolio Buys Q1 2026 → Q2 2026
DCOR Dimensional US Core Eq 1 ETF Add +15.4% 6.12% +0.95
AAPL Apple Inc. Add +68.2% 1.74% +0.73
NVDA Nvidia Corp. Add +171.1% 1.03% +0.66
MSFT Microsoft Corp. Add +34.9% 3.49% +0.64
TSM Taiwan Semiconductor-SP ADR New 0.45% +0.45
QUAL iShares MSCI USA Quality Fac Add +5.5% 5.06% +0.41
DFAI Dimensional International Co. Add +9.9% 6.16% +0.29
WBD Warner Bros Discovery Inc. New 0.23% +0.23
MDT Medtronic PLC New 0.22% +0.22
NVO Novo-Nordisk A/S-Spons ADR New 0.17% +0.17
DFAX Dimensional World Ex US Core Add +12.5% 1.67% +0.15
IQV Iqvia Holdings Inc. New 0.15% +0.15
ABT Abbott Laboratories Add +57.2% 0.60% +0.12
MRK Merck & Co. Inc. Add +133.5% 0.21% +0.12
BDX Becton Dickinson and Co. Add +70.5% 0.36% +0.12
BRK.A Berkshire Hathaway Inc. Class A New 0.11% +0.11
DFAT Dimensional US Target Value Add +7.2% 1.33% +0.10
CLSK Cleanspark Inc. New 0.09% +0.09
BRO Brown & Brown Inc. New 0.07% +0.07
AMZN Amazon.com Inc. Add +0.1% 1.86% +0.06
FIX Comfort Systems USA Inc. New 0.06% +0.06
MSTR Strategy Inc. New 0.06% +0.06
TSLA Tesla Inc. Add +119.1% 0.09% +0.05
USFD US Foods Holding Corp. New 0.05% +0.05
TMO Thermo Fisher Scientific Inc. Add +22.5% 0.40% +0.05
AOS Smith (a.o.) Corp. New 0.04% +0.04
VTI VG Morningstar TS MKT ETF-US New 0.04% +0.04
IWF iShares Russell 1000 Growth New 0.03% +0.03
VO Vngrd Mrngstr MD-Cap ETF-Usd New 0.03% +0.03
VOO Vanguard S&P 500 ETF New 0.03% +0.03
IJR iShares Core S&P Small-Cap E New 0.03% +0.03
DFUV Dimensional US Marketwide Va Add +0.1% 1.02% +0.02
V Visa Inc. Class A Add +0.8% 0.74% +0.02
EOSE Eos Energy Enterprises Inc. New 0.01% +0.01
DIA SS SPDR Dow Jones Indus Avg Add +9.4% 0.06% +0.01
DFAW Dimensional World Eqty ETF Add +2.2% 0.16% +0.01
SCHG Schwab US Large-Cap Growth Add +0.1% 0.09% +0.00
IWC iShares Micro-Cap ETF Add +151.8% 0.04% +0.00
AR Antero Resources Corp. Add +31.3% 0.14% −0.00
APO Apollo Global Management Inc. Add +1.8% 0.24% −0.01
HD Home Depot Inc. Add +0.4% 1.80% −0.05
AON Aon PLC Class A Add +0.3% 1.04% −0.08
BRK.B Berkshire Hathaway Inc. Class B Add +0.0% 2.01% −0.12
VYM Vanguard High DVD Yield ETF Add +0.6% 3.86% −0.13
CPRT Copart Inc. Add +0.5% 0.55% −0.17
GOVT iShares US Treasury Bond ETF Add +0.2% 2.95% −0.33
DFCF Dimensional Core Fixed Inc. Add +1.5% 5.53% −0.51
BSV Vanguard Short-Term Bond ETF Add +1.7% 6.43% −0.62

Options Activity Q1 2026 → Q2 2026
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -53.8% 60,200 $38.9M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 124$675.0MBSV, DFAI, DCOR, DFCF, QUAL
Q1 2026 117$609.0MBSV, DFCF, DFAI, DCOR, QUAL
Q4 2025 120$614.2MBSV, DFAI, DFCF, DCOR, DFAE
Q3 2025 121$562.8MBSV, DFCF, DFAI, DCOR, DFAE
Q2 2025 118$542.2MBSV, DFCF, DFAI, META, DCOR
Q1 2025 114$533.7MBSV, DFCF, DFAI, META, DCOR
Q4 2024 119$505.0MBSV, DFCF, META, DFAI, VYM
Q3 2024 119$500.0MBSV, DFCF, DFAI, META, VYM
Q2 2024 118$480.4MBSV, DFCF, META, DFAI, VYM
Q1 2024 128$442.3MBSV, DFCF, META, VYM, GOVT