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

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 $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 Q2 2026

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%
DOW Dow Inc. 0.06% 5,795 $317K No change
SU Suncor Energy Inc. 0.06% 8,525 $315K No change
DVN Devon Energy Corp. 0.06% 7,500 $293K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.06% 7,351 $292K Add +0.0%
AVGO Broadcom Inc. 0.06% 1,670 $288K No change
CMG Chipotle Mexican Grill Inc. 0.06% 5,000 $288K No change
WMB Williams Cos Inc. 0.05% 5,418 $247K No change
IWN iShares Russell 2000 Value E 0.05% 1,408 $235K No change
AIG American International Group 0.05% 3,151 $231K No change
JPM JPMorgan Chase & Co. 0.05% 1,075 $227K No change
CEE Central and Eastern Europe F 0.04% 20,928 $224K No change
BSM Black Stone Minerals LP 0.04% 13,635 $206K No change
CVX Chevron Corp. 0.04% 1,392 $205K No change
DFAC Dimensional US Core Equity 2 0.04% 5,922 $203K New
KRP Kimbell Royalty Partners LP 0.04% 11,586 $186K New
HTZ Hertz Global Hldgs Inc. 0.03% 45,000 $149K New
OESX Orion Energy Systems Inc. 0.03% 173,339 $149K New
WWR Westwater Resources Inc. 0.03% 250,000 $129K New
APTOSE BIOSCIENCES INC 0.00% 26,666 $11K New

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

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