Annandale Capital, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Annandale Capital, LLC reported 119 stock positions worth $500.0 million. Its top holding was Vanguard Short-Term Bond ETF (BSV) at 8.2% of the portfolio, followed by Dimensional Core Fixed (DFCF, 7.1%) and Dimensional International (DFAI, 4.4%). Compared with Q2 2024, it opened 9 new positions, sold out of 8, added to 26 and reduced 40. The biggest buy was Dimensional US Core Eq 1 ETF (DCOR, shares +32%) and the biggest sale Energy Transfer (ET, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001811739
- Portfolio Value
- $500.0M (Q3 2024)
- SEC Filing
- 0001811739-24-000005 ↗ filed Nov 12, 2024
Holdings Value
Holdings 119 stocks · $500.0M
| BSV Vanguard Short-Term Bond ETF | 8.23% | 522,798 | $41.1M | Add +1.9% |
| DFCF Dimensional Core Fixed Inc. | 7.05% | 816,170 | $35.3M | Add +2.2% |
| DFAI Dimensional International Co. | 4.40% | 691,940 | $22.0M | Add +11.0% |
| META Meta Platforms Inc. Class A | 4.24% | 37,041 | $21.2M | Reduce -0.9% |
| VYM Vanguard High DVD Yield ETF | 3.92% | 153,013 | $19.6M | Add +1.5% |
| GOVT iShares US Treasury Bond ETF | 3.51% | 748,715 | $17.6M | Add +3.5% |
| DFAE Dimensional Emerging Core Eq | 3.34% | 608,843 | $16.7M | Add +8.8% |
| MLPX Global X MLP & Energy Infras | 3.24% | 297,490 | $16.2M | Reduce -1.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.98% | 26,011 | $14.9M | Reduce -6.7% |
| DCOR Dimensional US Core Eq 1 ETF | 2.98% | 235,330 | $14.9M | Add +32.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.49% | 27,094 | $12.5M | Reduce -0.1% |
| ET Energy Transfer LP | 2.10% | 653,509 | $10.5M | Reduce -29.3% |
| GOOGL Alphabet Inc. Class A | 2.07% | 62,401 | $10.3M | Reduce -15.0% |
| MSFT Microsoft Corp. | 1.99% | 23,129 | $10.0M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 1.94% | 52,056 | $9.7M | Reduce -0.1% |
| NFLX Netflix Inc. | 1.89% | 13,346 | $9.5M | No change |
| AVUS Avantis U.S. Equity ETF | 1.79% | 94,305 | $9.0M | Add +5.5% |
| KRE SS SPDR S&P Regional Bank | 1.58% | 140,000 | $7.9M | No change |
| FAF First American Financial | 1.53% | 115,807 | $7.6M | Add +0.0% |
| PGR Progressive Corp. | 1.48% | 29,079 | $7.4M | Reduce -0.2% |
| AVDE Avantis International Equity | 1.41% | 105,006 | $7.0M | Add +5.4% |
| WMT Walmart Inc. | 1.39% | 86,146 | $7.0M | Reduce -0.1% |
| HD Home Depot Inc. | 1.32% | 16,262 | $6.6M | Reduce -8.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.30% | 67,792 | $6.5M | Reduce -0.5% |
| ABBV Abbvie Inc. | 1.15% | 29,106 | $5.7M | No change |
| AAPL Apple Inc. | 1.11% | 23,811 | $5.5M | Reduce -1.4% |
| BABA Alibaba Group Holding-SP ADR | 1.07% | 50,297 | $5.3M | Reduce -18.4% |
| EPD Enterprise Products Partners | 1.03% | 176,956 | $5.2M | Reduce -10.2% |
| DFUV Dimensional US Marketwide Va | 1.02% | 122,275 | $5.1M | Reduce -0.8% |
| DFAT Dimensional US Target Value | 1.02% | 91,418 | $5.1M | Add +15.1% |
| ALLE Allegion PLC | 0.99% | 34,076 | $5.0M | No change |
| MKL Markel Group Inc. | 0.98% | 3,118 | $4.9M | No change |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.93% | 82,279 | $4.7M | No change |
| QUAL iShares MSCI USA Quality Fac | 0.91% | 25,392 | $4.6M | Reduce -4.2% |
| AVEM Avantis Emerging Markets Eq | 0.86% | 66,242 | $4.3M | Add +5.3% |
| SCHW Schwab (charles) Corp. | 0.78% | 59,848 | $3.9M | Add +0.2% |
| ABT Abbott Laboratories | 0.75% | 32,764 | $3.7M | Reduce -1.1% |
| CPRT Copart Inc. | 0.74% | 70,184 | $3.7M | Reduce -0.2% |
| PARAA Paramount Global Class B | 0.73% | 344,858 | $3.7M | Add +61.9% |
| JNJ Johnson & Johnson | 0.69% | 21,196 | $3.4M | No change |
| BKNG Booking Holdings Inc. | 0.68% | 808 | $3.4M | Add +32.0% |
| V Visa Inc. Class A | 0.67% | 12,178 | $3.3M | Add +165.7% |
| AZO AutoZone Inc. | 0.66% | 1,050 | $3.3M | Reduce -14.3% |
| CSCO Cisco Systems Inc. | 0.64% | 60,586 | $3.2M | Reduce -33.1% |
| EFX Equifax Inc. | 0.61% | 10,375 | $3.0M | No change |
| GOOG Alphabet Inc. Class C | 0.61% | 18,180 | $3.0M | Reduce -0.2% |
| AAP Advance Auto Parts Inc. | 0.58% | 74,495 | $2.9M | Add +6.6% |
| GLD SPDR Gold Shares | 0.57% | 11,681 | $2.8M | Reduce -39.7% |
| ADBE Adobe Inc. | 0.55% | 5,276 | $2.7M | No change |
| UNP Union Pacific Corp. | 0.52% | 10,472 | $2.6M | No change |
| ACGL Arch Capital Group Ltd. | 0.51% | 22,786 | $2.5M | No change |
| COP Conocophillips | 0.49% | 23,470 | $2.5M | Add +0.0% |
| TXN Texas Instruments Inc. | 0.49% | 11,952 | $2.5M | Reduce -7.7% |
| ICE Intercontinental Exchange Inc. | 0.49% | 15,246 | $2.4M | Reduce -7.7% |
| EFA iShares MSCI Eafe ETF | 0.47% | 28,055 | $2.3M | Reduce -1.0% |
| EQC Equity Commonwealth | 0.43% | 6,755 | $2.2M | No change |
| BIDU Baidu Inc. - Spon ADR | 0.43% | 20,239 | $2.1M | Reduce -6.7% |
| BUR Burford Capital Ltd. | 0.42% | 156,700 | $2.1M | No change |
| QCOM Qualcomm Inc. | 0.41% | 12,041 | $2.0M | Reduce -26.3% |
| VRSK Verisk Analytics Inc. | 0.39% | 7,299 | $2.0M | Reduce -0.3% |
| KRANESHARES TRUST | 0.35% | 50,947 | $1.7M | New |
| WSO Watsco Inc. | 0.30% | 3,006 | $1.5M | No change |
| CDW CDW Corp. | 0.29% | 6,366 | $1.4M | No change |
| CSW CSW Industrials Inc. | 0.27% | 3,699 | $1.4M | Reduce -30.6% |
| ALGN Align Technology Inc. | 0.27% | 5,312 | $1.4M | New |
| KEYS Keysight Technologies Inc. | 0.24% | 7,637 | $1.2M | No change |
| AR Antero Resources Corp. | 0.24% | 41,454 | $1.2M | Add +5.1% |
| KWY Kingsway Corp. | 0.21% | 128,200 | $1.1M | No change |
| WFC Wells Fargo & Co. | 0.21% | 18,508 | $1.0M | Reduce -3.3% |
| URGN Urogen Pharma Ltd. | 0.19% | 75,552 | $960K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.18% | 5,261 | $918K | No change |
| EOG EOG Resources Inc. | 0.18% | 7,235 | $889K | No change |
| OXY Occidental Petroleum Corp. | 0.17% | 16,466 | $849K | Add +3.0% |
| MBB iShares MBS ETF | 0.15% | 7,636 | $732K | Reduce -2.7% |
| SHV iShares 0-1 Year Treasury Bo | 0.14% | 6,434 | $712K | Reduce -0.1% |
| IVW iShares S&P 500 Growth ETF | 0.13% | 6,952 | $666K | No change |
| RTO Rentokil Initial PLC-SP ADR | 0.13% | 26,000 | $648K | Add +43.6% |
| ACN Accenture PLC Class A | 0.12% | 1,755 | $620K | No change |
| EEM iShares MSCI Emerging Market | 0.12% | 12,862 | $590K | Reduce -41.9% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.12% | 4,834 | $578K | Add +1.7% |
| MRK Merck & Co. Inc. | 0.11% | 4,703 | $534K | Reduce -0.3% |
| VBTX Veritex Holdings Inc. | 0.11% | 20,000 | $526K | No change |
| DD Dupont DE Nemours Inc. | 0.10% | 5,795 | $516K | No change |
| IVV iShares Core S&P 500 ETF | 0.10% | 829 | $478K | Reduce -45.2% |
| XOM Exxon Mobil Corp. | 0.09% | 3,923 | $460K | Reduce -5.4% |
| SCHG Schwab US Large-Cap Growth | 0.09% | 4,354 | $454K | Add +0.2% |
| DFAU Dimensional US Core Equity M | 0.08% | 10,077 | $400K | Add +16.8% |
| AON Aon PLC Class A | 0.08% | 1,123 | $389K | No change |
| KMI Kinder Morgan Inc. | 0.08% | 17,550 | $388K | Reduce -6.4% |
| PAA Plains All Amer Pipeline LP | 0.08% | 22,288 | $387K | No change |
| DFAX Dimensional World Ex US Core | 0.08% | 14,254 | $385K | Add +44.4% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.07% | 6,300 | $375K | No change |
| VXUS Vanguard Total Intl Stock | 0.07% | 5,700 | $369K | No change |
| MESA AIR GROUP INC | 0.07% | 301,270 | $365K | No change |
| NVDA Nvidia Corp. | 0.07% | 2,944 | $358K | Reduce -26.1% |
| CTVA Corteva Inc. | 0.07% | 5,767 | $339K | No change |
| REEAF Ree Automotive Ltd. Class A | 0.07% | 46,666 | $329K | New |
| VNOM Viper Energy Partners LP | 0.07% | 7,244 | $327K | No change |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 0.07% | 8,550 | $326K | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.07% | 1,625 | $326K | Reduce -0.9% |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($152.4M), ISHARES TR puts ($26.1M), VYM puts ($10.5M), SPDR SERIES TRUST puts ($9.4M), VANGUARD SPECIALIZED FUNDS puts ($7.0M), DISNEY WALT CO puts ($3.0M), ENERGY TRANSFER L P calls ($2.0M), ISHARES TR puts ($1.7M), COPART INC puts ($1.6M).
Portfolio Sells Q2 2024 → Q3 2024
| ET Energy Transfer LP | Reduce -29.3% | 2.10% | −1.02 |
| GOOGL Alphabet Inc. Class A | Reduce -15.0% | 2.07% | −0.71 |
| HHH Howard Hughes Holdings Inc. | Sold out | 0.00% | −0.67 |
| MCHI iShares MSCI China ETF | Sold out | 0.00% | −0.37 |
| GLD SPDR Gold Shares | Reduce -39.7% | 0.57% | −0.30 |
| QCOM Qualcomm Inc. | Reduce -26.3% | 0.41% | −0.27 |
| CSCO Cisco Systems Inc. | Reduce -33.1% | 0.64% | −0.25 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.22 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -6.7% | 2.98% | −0.17 |
| MSFT Microsoft Corp. | Reduce -0.3% | 1.99% | −0.17 |
| EPD Enterprise Products Partners | Reduce -10.2% | 1.03% | −0.16 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.16 |
| AMZN Amazon.com Inc. | Reduce -0.1% | 1.94% | −0.16 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.15 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.11 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.11 |
| DIS The Walt Disney Co. | Reduce -0.5% | 1.30% | −0.10 |
| AZO AutoZone Inc. | Reduce -14.3% | 0.66% | −0.09 |
| GOOG Alphabet Inc. Class C | Reduce -0.2% | 0.61% | −0.09 |
| EEM iShares MSCI Emerging Market | Reduce -41.9% | 0.12% | −0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -45.2% | 0.10% | −0.08 |
| CPRT Copart Inc. | Reduce -0.2% | 0.74% | −0.06 |
| CHRD Chord Energy Corp. | Sold out | 0.00% | −0.05 |
| QUAL iShares MSCI USA Quality Fac | Reduce -4.2% | 0.91% | −0.03 |
| NVDA Nvidia Corp. | Reduce -26.1% | 0.07% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -7.7% | 0.49% | −0.03 |
| WFC Wells Fargo & Co. | Reduce -3.3% | 0.21% | −0.03 |
| CSW CSW Industrials Inc. | Reduce -30.6% | 0.27% | −0.02 |
| VRSK Verisk Analytics Inc. | Reduce -0.3% | 0.39% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -0.3% | 0.11% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -5.4% | 0.09% | −0.01 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -0.1% | 0.14% | −0.01 |
| MBB iShares MBS ETF | Reduce -2.7% | 0.15% | −0.00 |
| KMI Kinder Morgan Inc. | Reduce -6.4% | 0.08% | 0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -0.9% | 0.07% | +0.00 |
| EFA iShares MSCI Eafe ETF | Reduce -1.0% | 0.47% | +0.01 |
| DFUV Dimensional US Marketwide Va | Reduce -0.8% | 1.02% | +0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -7.7% | 0.49% | +0.02 |
| MLPX Global X MLP & Energy Infras | Reduce -1.7% | 3.24% | +0.02 |
| ABT Abbott Laboratories | Reduce -1.1% | 0.75% | +0.03 |
| BIDU Baidu Inc. - Spon ADR | Reduce -6.7% | 0.43% | +0.04 |
| HD Home Depot Inc. | Reduce -8.4% | 1.32% | +0.05 |
| AAPL Apple Inc. | Reduce -1.4% | 1.11% | +0.05 |
| BABA Alibaba Group Holding-SP ADR | Reduce -18.4% | 1.07% | +0.14 |
| WMT Walmart Inc. | Reduce -0.1% | 1.39% | +0.18 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 2.49% | +0.20 |
| PGR Progressive Corp. | Reduce -0.2% | 1.48% | +0.22 |
| META Meta Platforms Inc. Class A | Reduce -0.9% | 4.24% | +0.32 |
Portfolio Buys Q2 2024 → Q3 2024
| DCOR Dimensional US Core Eq 1 ETF | Add +32.5% | 2.98% | +0.78 |
| DFAI Dimensional International Co. | Add +11.0% | 4.40% | +0.55 |
| V Visa Inc. Class A | Add +165.7% | 0.67% | +0.42 |
| KRANESHARES TRUST | New | 0.35% | +0.35 |
| DFAE Dimensional Emerging Core Eq | Add +8.8% | 3.34% | +0.32 |
| PARAA Paramount Global Class B | Add +61.9% | 0.73% | +0.27 |
| ALGN Align Technology Inc. | New | 0.27% | +0.27 |
| FAF First American Financial | Add +0.0% | 1.53% | +0.23 |
| VYM Vanguard High DVD Yield ETF | Add +1.5% | 3.92% | +0.20 |
| BKNG Booking Holdings Inc. | Add +32.0% | 0.68% | +0.18 |
| DFAT Dimensional US Target Value | Add +15.1% | 1.02% | +0.16 |
| DFCF Dimensional Core Fixed Inc. | Add +2.2% | 7.05% | +0.14 |
| AVDE Avantis International Equity | Add +5.4% | 1.41% | +0.12 |
| AVUS Avantis U.S. Equity ETF | Add +5.5% | 1.79% | +0.12 |
| GOVT iShares US Treasury Bond ETF | Add +3.5% | 3.51% | +0.11 |
| REEAF Ree Automotive Ltd. Class A | New | 0.07% | +0.07 |
| AVEM Avantis Emerging Markets Eq | Add +5.3% | 0.86% | +0.06 |
| DFAC Dimensional US Core Equity 2 | New | 0.04% | +0.04 |
| BSV Vanguard Short-Term Bond ETF | Add +1.9% | 8.23% | +0.04 |
| KRP Kimbell Royalty Partners LP | New | 0.04% | +0.04 |
| HTZ Hertz Global Hldgs Inc. | New | 0.03% | +0.03 |
| OESX Orion Energy Systems Inc. | New | 0.03% | +0.03 |
| WWR Westwater Resources Inc. | New | 0.03% | +0.03 |
| DFAX Dimensional World Ex US Core | Add +44.4% | 0.08% | +0.02 |
| RTO Rentokil Initial PLC-SP ADR | Add +43.6% | 0.13% | +0.02 |
| DFAU Dimensional US Core Equity M | Add +16.8% | 0.08% | +0.01 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +1.7% | 0.12% | +0.00 |
| APTOSE BIOSCIENCES INC | New | 0.00% | +0.00 |
| SCHG Schwab US Large-Cap Growth | Add +0.2% | 0.09% | −0.00 |
| BAC Bank of America Corp. | Add +0.0% | 0.06% | −0.00 |
| AR Antero Resources Corp. | Add +5.1% | 0.24% | −0.03 |
| OXY Occidental Petroleum Corp. | Add +3.0% | 0.17% | −0.04 |
| COP Conocophillips | Add +0.0% | 0.49% | −0.06 |
| SCHW Schwab (charles) Corp. | Add +0.2% | 0.78% | −0.14 |
| AAP Advance Auto Parts Inc. | Add +6.6% | 0.58% | −0.34 |
Options Activity Q2 2024 → Q3 2024
| STATE STR SPDR S&P 500 ETF T | put | Add +60.3% | 312,600 | $152.4M |
| ISHARES TR | put | New | 330,000 | $26.1M |
| VYM Vanguard High DVD Yield ETF | put | New | 100,000 | $10.5M |
| SPDR SERIES TRUST | put | Add +36.8% | 225,000 | $9.4M |
| VANGUARD SPECIALIZED FUNDS | put | New | 40,000 | $7.0M |
| DISNEY WALT CO | put | New | 35,500 | $3.0M |
| ENERGY TRANSFER L P | call | New | 100,000 | $2.0M |
| COPART INC | put | New | 35,000 | $1.6M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 124 | $675.0M | BSV, DFAI, DCOR, DFCF, QUAL |
| Q1 2026 | 117 | $609.0M | BSV, DFCF, DFAI, DCOR, QUAL |
| Q4 2025 | 120 | $614.2M | BSV, DFAI, DFCF, DCOR, DFAE |
| Q3 2025 | 121 | $562.8M | BSV, DFCF, DFAI, DCOR, DFAE |
| Q2 2025 | 118 | $542.2M | BSV, DFCF, DFAI, META, DCOR |
| Q1 2025 | 114 | $533.7M | BSV, DFCF, DFAI, META, DCOR |
| Q4 2024 | 119 | $505.0M | BSV, DFCF, META, DFAI, VYM |
| Q3 2024 | 119 | $500.0M | BSV, DFCF, DFAI, META, VYM |
| Q2 2024 | 118 | $480.4M | BSV, DFCF, META, DFAI, VYM |
| Q1 2024 | 128 | $442.3M | BSV, DFCF, META, VYM, GOVT |