Annandale Capital, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Annandale Capital, LLC reported 119 stock positions worth $505.0 million. Its top holding was Vanguard Short-Term Bond ETF (BSV) at 8.2% of the portfolio, followed by Dimensional Core Fixed (DFCF, 6.6%) and Meta Platforms Class A (META, 4.3%). Compared with Q3 2024, it opened 7 new positions, sold out of 7, added to 27 and reduced 28. The biggest buy was Advance Auto Parts (AAP, shares +47%) and the biggest sale Paramount Global Class B (PARAA, shares −74%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001811739
- Portfolio Value
- $505.0M (Q4 2024)
- SEC Filing
- 0001811739-25-000001 ↗ filed Feb 13, 2025
Holdings Value
Holdings 119 stocks · $505.0M
| BSV Vanguard Short-Term Bond ETF | 8.18% | 534,336 | $41.3M | Add +2.2% |
| DFCF Dimensional Core Fixed Inc. | 6.59% | 806,715 | $33.3M | Reduce -1.2% |
| META Meta Platforms Inc. Class A | 4.30% | 37,049 | $21.7M | Add +0.0% |
| DFAI Dimensional International Co. | 4.29% | 742,385 | $21.7M | Add +7.3% |
| VYM Vanguard High DVD Yield ETF | 3.82% | 151,198 | $19.3M | Reduce -1.2% |
| GOVT iShares US Treasury Bond ETF | 3.74% | 821,235 | $18.9M | Add +9.7% |
| MLPX Global X MLP & Energy Infras | 3.50% | 292,051 | $17.7M | Reduce -1.8% |
| DCOR Dimensional US Core Eq 1 ETF | 3.38% | 266,289 | $17.1M | Add +13.2% |
| DFAE Dimensional Emerging Core Eq | 3.05% | 607,403 | $15.4M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.94% | 25,301 | $14.8M | Reduce -2.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.43% | 27,094 | $12.3M | No change |
| ET Energy Transfer LP | 2.40% | 619,013 | $12.1M | Reduce -5.3% |
| AMZN Amazon.com Inc. | 2.26% | 52,054 | $11.4M | Reduce 0.0% |
| NFLX Netflix Inc. | 2.25% | 12,746 | $11.4M | Reduce -4.5% |
| GOOGL Alphabet Inc. Class A | 2.25% | 59,901 | $11.3M | Reduce -4.0% |
| MSFT Microsoft Corp. | 1.93% | 23,129 | $9.7M | No change |
| AVUS Avantis U.S. Equity ETF | 1.82% | 94,941 | $9.2M | Add +0.7% |
| WMT Walmart Inc. | 1.54% | 86,146 | $7.8M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.49% | 67,793 | $7.5M | Add +0.0% |
| KRE SS SPDR S&P Regional Bank | 1.43% | 120,000 | $7.2M | Reduce -14.3% |
| FAF First American Financial | 1.43% | 115,807 | $7.2M | No change |
| PGR Progressive Corp. | 1.38% | 29,079 | $7.0M | No change |
| AVDE Avantis International Equity | 1.28% | 105,392 | $6.5M | Add +0.4% |
| HD Home Depot Inc. | 1.25% | 16,262 | $6.3M | No change |
| AAPL Apple Inc. | 1.18% | 23,722 | $5.9M | Reduce -0.4% |
| MKL Markel Group Inc. | 1.07% | 3,137 | $5.4M | Add +0.6% |
| DFAT Dimensional US Target Value | 1.05% | 95,134 | $5.3M | Add +4.1% |
| ABBV Abbvie Inc. | 1.03% | 29,140 | $5.2M | Add +0.1% |
| AAP Advance Auto Parts Inc. | 1.02% | 109,241 | $5.2M | Add +46.6% |
| EPD Enterprise Products Partners | 1.01% | 162,007 | $5.1M | Reduce -8.4% |
| DFUV Dimensional US Marketwide Va | 0.96% | 118,630 | $4.9M | Reduce -3.0% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.95% | 82,279 | $4.8M | No change |
| QUAL iShares MSCI USA Quality Fac | 0.90% | 25,386 | $4.5M | Reduce -0.0% |
| ALLE Allegion PLC | 0.88% | 34,076 | $4.5M | No change |
| SCHW Schwab (charles) Corp. | 0.88% | 59,848 | $4.4M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.84% | 50,328 | $4.3M | Add +0.1% |
| CPRT Copart Inc. | 0.80% | 70,184 | $4.0M | No change |
| BKNG Booking Holdings Inc. | 0.79% | 808 | $4.0M | No change |
| AVEM Avantis Emerging Markets Eq | 0.78% | 66,683 | $3.9M | Add +0.7% |
| V Visa Inc. Class A | 0.76% | 12,178 | $3.8M | No change |
| ABT Abbott Laboratories | 0.73% | 32,694 | $3.7M | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 0.72% | 19,181 | $3.7M | Add +5.5% |
| CSCO Cisco Systems Inc. | 0.71% | 60,586 | $3.6M | No change |
| BIDU Baidu Inc. - Spon ADR | 0.67% | 40,032 | $3.4M | Add +97.8% |
| AZO AutoZone Inc. | 0.67% | 1,050 | $3.4M | No change |
| AR Antero Resources Corp. | 0.62% | 89,854 | $3.1M | Add +116.8% |
| JNJ Johnson & Johnson | 0.61% | 21,222 | $3.1M | Add +0.1% |
| EFX Equifax Inc. | 0.52% | 10,375 | $2.6M | No change |
| GLD SPDR Gold Shares | 0.51% | 10,606 | $2.6M | Reduce -9.2% |
| ADBE Adobe Inc. | 0.46% | 5,276 | $2.3M | No change |
| UNP Union Pacific Corp. | 0.46% | 10,250 | $2.3M | Reduce -2.1% |
| COP Conocophillips | 0.46% | 23,470 | $2.3M | No change |
| ICE Intercontinental Exchange Inc. | 0.45% | 15,246 | $2.3M | No change |
| TXN Texas Instruments Inc. | 0.44% | 11,952 | $2.2M | No change |
| ACGL Arch Capital Group Ltd. | 0.42% | 22,786 | $2.1M | No change |
| EFA iShares MSCI Eafe ETF | 0.40% | 26,937 | $2.0M | Reduce -4.0% |
| VRSK Verisk Analytics Inc. | 0.40% | 7,299 | $2.0M | No change |
| BUR Burford Capital Ltd. | 0.40% | 156,700 | $2.0M | No change |
| QCOM Qualcomm Inc. | 0.37% | 12,041 | $1.9M | No change |
| KWEB Kranesh Csi China Internet | 0.30% | 51,803 | $1.5M | New |
| WSO Watsco Inc. | 0.28% | 3,009 | $1.4M | Add +0.1% |
| CSW CSW Industrials Inc. | 0.26% | 3,699 | $1.3M | No change |
| WFC Wells Fargo & Co. | 0.26% | 18,515 | $1.3M | Add +0.0% |
| KEYS Keysight Technologies Inc. | 0.24% | 7,637 | $1.2M | No change |
| CDW CDW Corp. | 0.22% | 6,366 | $1.1M | No change |
| ALGN Align Technology Inc. | 0.22% | 5,233 | $1.1M | Reduce -1.5% |
| KWY Kingsway Corp. | 0.21% | 128,200 | $1.1M | No change |
| PARAA Paramount Global Class B | 0.19% | 90,900 | $951K | Reduce -73.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.18% | 5,261 | $891K | No change |
| EOG EOG Resources Inc. | 0.18% | 7,235 | $887K | No change |
| URGN Urogen Pharma Ltd. | 0.16% | 75,552 | $805K | No change |
| OXY Occidental Petroleum Corp. | 0.15% | 15,589 | $770K | Reduce -5.3% |
| IVW iShares S&P 500 Growth ETF | 0.14% | 6,952 | $706K | No change |
| SHV iShares 0-1 Year Treasury Bo | 0.14% | 6,350 | $699K | Reduce -1.3% |
| RTO Rentokil Initial PLC-SP ADR | 0.13% | 26,000 | $658K | No change |
| MBB iShares MBS ETF | 0.13% | 7,074 | $649K | Reduce -7.4% |
| ACN Accenture PLC Class A | 0.12% | 1,755 | $617K | No change |
| ACWI iShares MSCI Acwi ETF | 0.12% | 5,072 | $596K | New |
| MELI MercadoLibre Inc. | 0.11% | 314 | $534K | New |
| EEM iShares MSCI Emerging Market | 0.10% | 11,702 | $489K | Reduce -9.0% |
| IVV iShares Core S&P 500 ETF | 0.10% | 829 | $488K | No change |
| SCHG Schwab US Large-Cap Growth | 0.10% | 17,436 | $486K | Add +0.1% |
| KMI Kinder Morgan Inc. | 0.10% | 17,550 | $481K | No change |
| MRK Merck & Co. Inc. | 0.09% | 4,703 | $468K | No change |
| DD Dupont DE Nemours Inc. | 0.09% | 5,795 | $442K | No change |
| XOM Exxon Mobil Corp. | 0.08% | 3,940 | $424K | Add +0.4% |
| DFAU Dimensional US Core Equity M | 0.08% | 10,230 | $414K | Add +1.5% |
| REEAF Ree Automotive Ltd. Class A | 0.08% | 46,666 | $412K | No change |
| AON Aon PLC Class A | 0.08% | 1,123 | $403K | No change |
| AVGO Broadcom Inc. | 0.08% | 1,670 | $387K | No change |
| NVDA Nvidia Corp. | 0.08% | 2,849 | $383K | Reduce -3.2% |
| PAA Plains All Amer Pipeline LP | 0.08% | 22,288 | $381K | No change |
| DFAX Dimensional World Ex US Core | 0.07% | 15,060 | $374K | Add +5.7% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.07% | 12,600 | $374K | No change |
| VXUS Vanguard Total Intl Stock | 0.07% | 5,700 | $336K | No change |
| CTVA Corteva Inc. | 0.07% | 5,767 | $328K | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.06% | 1,625 | $322K | No change |
| CMG Chipotle Mexican Grill Inc. | 0.06% | 5,000 | $302K | No change |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 0.06% | 8,550 | $292K | No change |
| APA Apa Corp. | 0.06% | 12,474 | $288K | New |
Options reported separately and not counted above: SPY puts ($69.9M), VTI puts ($12.2M), VYM puts ($10.5M), ET puts ($9.0M), META puts ($7.7M), IAT puts ($6.8M), NFLX puts ($6.2M), ET calls ($2.0M), MCHI puts ($1.7M).
Portfolio Sells Q3 2024 → Q4 2024
| PARAA Paramount Global Class B | Reduce -73.6% | 0.19% | −0.54 |
| DFCF Dimensional Core Fixed Inc. | Reduce -1.2% | 6.59% | −0.46 |
| EQC Equity Commonwealth | Sold out | 0.00% | −0.43 |
| KRANESHARES TRUST | Sold out | 0.00% | −0.35 |
| DFAE Dimensional Emerging Core Eq | Reduce -0.2% | 3.05% | −0.29 |
| KRE SS SPDR S&P Regional Bank | Reduce -14.3% | 1.43% | −0.15 |
| ACWX iShares MSCI Acwi Ex US ETF | Sold out | 0.00% | −0.12 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.2% | 3.82% | −0.10 |
| EFA iShares MSCI Eafe ETF | Reduce -4.0% | 0.40% | −0.07 |
| VNOM Viper Energy Partners LP | Sold out | 0.00% | −0.07 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −0.06 |
| GLD SPDR Gold Shares | Reduce -9.2% | 0.51% | −0.06 |
| DFUV Dimensional US Marketwide Va | Reduce -3.0% | 0.96% | −0.06 |
| ALGN Align Technology Inc. | Reduce -1.5% | 0.22% | −0.05 |
| UNP Union Pacific Corp. | Reduce -2.1% | 0.46% | −0.05 |
| VBTX Veritex Holdings Inc. | Reduce -51.7% | 0.05% | −0.05 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.7% | 2.94% | −0.05 |
| MESA AIR GROUP INC | Reduce -51.7% | 0.03% | −0.04 |
| HTZ Hertz Global Hldgs Inc. | Sold out | 0.00% | −0.03 |
| EPD Enterprise Products Partners | Reduce -8.4% | 1.01% | −0.02 |
| EEM iShares MSCI Emerging Market | Reduce -9.0% | 0.10% | −0.02 |
| MBB iShares MBS ETF | Reduce -7.4% | 0.13% | −0.02 |
| OXY Occidental Petroleum Corp. | Reduce -5.3% | 0.15% | −0.02 |
| QUAL iShares MSCI USA Quality Fac | Reduce -0.0% | 0.90% | −0.02 |
| ABT Abbott Laboratories | Reduce -0.2% | 0.73% | −0.01 |
| BAC Bank of America Corp. | Reduce -21.8% | 0.05% | −0.01 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -1.3% | 0.14% | −0.00 |
| NVDA Nvidia Corp. | Reduce -3.2% | 0.08% | +0.00 |
| AAPL Apple Inc. | Reduce -0.4% | 1.18% | +0.07 |
| GOOGL Alphabet Inc. Class A | Reduce -4.0% | 2.25% | +0.18 |
| MLPX Global X MLP & Energy Infras | Reduce -1.8% | 3.50% | +0.26 |
| ET Energy Transfer LP | Reduce -5.3% | 2.40% | +0.30 |
| AMZN Amazon.com Inc. | Reduce 0.0% | 2.26% | +0.32 |
| NFLX Netflix Inc. | Reduce -4.5% | 2.25% | +0.36 |
Portfolio Buys Q3 2024 → Q4 2024
| AAP Advance Auto Parts Inc. | Add +46.6% | 1.02% | +0.44 |
| DCOR Dimensional US Core Eq 1 ETF | Add +13.2% | 3.38% | +0.40 |
| AR Antero Resources Corp. | Add +116.8% | 0.62% | +0.39 |
| KWEB Kranesh Csi China Internet | New | 0.30% | +0.30 |
| BIDU Baidu Inc. - Spon ADR | Add +97.8% | 0.67% | +0.24 |
| GOVT iShares US Treasury Bond ETF | Add +9.7% | 3.74% | +0.23 |
| DIS The Walt Disney Co. | Add +0.0% | 1.49% | +0.19 |
| ACWI iShares MSCI Acwi ETF | New | 0.12% | +0.12 |
| GOOG Alphabet Inc. Class C | Add +5.5% | 0.72% | +0.12 |
| MELI MercadoLibre Inc. | New | 0.11% | +0.11 |
| MKL Markel Group Inc. | Add +0.6% | 1.07% | +0.09 |
| APA Apa Corp. | New | 0.06% | +0.06 |
| META Meta Platforms Inc. Class A | Add +0.0% | 4.30% | +0.05 |
| WFC Wells Fargo & Co. | Add +0.0% | 0.26% | +0.05 |
| IWC iShares Micro-Cap ETF | New | 0.04% | +0.04 |
| DFAW Dimensional World Eqty ETF | New | 0.04% | +0.04 |
| OKE Oneok Inc. | New | 0.04% | +0.04 |
| DFAT Dimensional US Target Value | Add +4.1% | 1.05% | +0.03 |
| AVUS Avantis U.S. Equity ETF | Add +0.7% | 1.82% | +0.03 |
| SCHG Schwab US Large-Cap Growth | Add +0.1% | 0.10% | +0.01 |
| DFAU Dimensional US Core Equity M | Add +1.5% | 0.08% | +0.00 |
| CVX Chevron Corp. | Add +5.7% | 0.04% | +0.00 |
| DFAC Dimensional US Core Equity 2 | Add +3.2% | 0.04% | +0.00 |
| BSM Black Stone Minerals LP | Add +5.5% | 0.04% | +0.00 |
| DFAX Dimensional World Ex US Core | Add +5.7% | 0.07% | −0.00 |
| XOM Exxon Mobil Corp. | Add +0.4% | 0.08% | −0.01 |
| WSO Watsco Inc. | Add +0.1% | 0.28% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Add +2.2% | 8.18% | −0.05 |
| JNJ Johnson & Johnson | Add +0.1% | 0.61% | −0.08 |
| AVEM Avantis Emerging Markets Eq | Add +0.7% | 0.78% | −0.08 |
| DFAI Dimensional International Co. | Add +7.3% | 4.29% | −0.11 |
| ABBV Abbvie Inc. | Add +0.1% | 1.03% | −0.12 |
| AVDE Avantis International Equity | Add +0.4% | 1.28% | −0.13 |
| BABA Alibaba Group Holding-SP ADR | Add +0.1% | 0.84% | −0.22 |
Options Activity Q3 2024 → Q4 2024
| STATE STR SPDR S&P 500 ETF T | put | Sold out | 312,600 | $152.4Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 130,000 | $69.9M |
| ISHARES TR | put | Sold out | 330,000 | $26.1Mbefore exit |
| VTI VG Morningstar TS MKT ETF-US | put | New | 45,000 | $12.2M |
| SPDR SERIES TRUST | put | Sold out | 225,000 | $9.4Mbefore exit |
| ET Energy Transfer LP | put | New | 500,000 | $9.0M |
| META Meta Platforms Inc. Class A | put | New | 13,000 | $7.7M |
| VANGUARD SPECIALIZED FUNDS | put | Sold out | 40,000 | $7.0Mbefore exit |
| IAT iShares US Regional Banks Et | put | New | 136,000 | $6.8M |
| NFLX Netflix Inc. | put | New | 7,000 | $6.2M |
| DISNEY WALT CO | put | Sold out | 35,500 | $3.0Mbefore exit |
| ET Energy Transfer LP | call | New | 100,000 | $2.0M |
| ENERGY TRANSFER L P | call | Sold out | 100,000 | $2.0Mbefore exit |
| MCHI iShares MSCI China ETF | put | New | 38,000 | $1.7M |
| ISHARES TR | put | Sold out | 38,000 | $1.7Mbefore exit |
| COPART INC | put | Sold out | 35,000 | $1.6Mbefore exit |
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 |