Annandale Capital, LLC
Annandale Capital, LLC reported 124 US-listed holdings worth $675.0 million in its 13F for the quarter ended 30 June 2026, filed 13 August 2026. Its largest: Vanguard BD Index FDS (6.4%), Dimensional ETF Trust (6.2%) and Dimensional ETF Trust (6.1%). Against the quarter before, it opened 18 positions, added to 26, trimmed 28 and sold out of 11.
Reported holdings$675.0M+10.8% on Q1 2026
Positions124+7 on Q1 2026
The largest ten47.1%of its reported holdings
Latest 13FQ2 2026filed 13 August 2026
Added toHeldTrimmed
The 14 largest of its 124 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +5.8% over the 2 quarters to 30 June 2026, against +9.5% for the S&P 500.
Its reported holdingsThe S&P 500
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Opened 18Added 26Held 52Trimmed 28Sold out 11
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 18
- Taiwan Semiconductor Manufacturing Company Limited TSM$3.0 million
- Warner Bros Discovery Inc. WBD$1.5 million
- Medtronic plc MDT$1.5 million
- Novo Nordisk A/S NVO$1.2 million
- IQVIA Holdings Inc. IQV$1.0 million
- Berkshire Hathaway Inc. Del$749,000
- Cleanspark Inc. CLSK$634,000
- Brown & Brown, Inc. BRO$488,000
and 10 more in the table below
Added to 26
- Microsoft Corp. MSFT+16,343 shares · +35%
- Dimensional ETF Trust DCOR+67,331 shares · +15%
- Apple Inc. AAPL+16,422 shares · +68%
- NVIDIA Corp. NVDA+21,988 shares · +171%
- Dimensional ETF Trust DFAI+90,613 shares · +10%
- iShares Edge MSCI USA Quality F QUAL+8,080 shares · +5%
- Abbott Laboratories ABT+16,300 shares · +57%
- Dimensional ETF Trust DFAX+33,900 shares · +12%
and 18 more in the table below
Trimmed 28
- Vanguard Short Term Government VGSH-62,859 shares · -28%
- First American Financial Corp. FAF-52,500 shares · -40%
- W. R. Berkley Corp. WRB-22,800 shares · -39%
- Marsh & McLennan Companies, Inc. MRSH-8,900 shares · -42%
- Keurig Dr Pepper Inc. KDP-34,300 shares · -30%
- Alphabet Inc. GOOGL-2,995 shares · -11%
- Dimensional ETF Trust DFAE-19,743 shares · -3%
- Union Pacific Corp. UNP-2,600 shares · -25%
and 20 more in the table below
Sold out of 11
- Texas Instruments Inc. TXN$1.8 million last quarter
- Corteva, Inc. CTVA$483,000 last quarter
- Qnity Electronics, Inc. Q$334,000 last quarter
- AT&T Inc. T$269,000 last quarter
- DuPont de Nemours, Inc. DD$265,000 last quarter
- Vanguard World FD VDE$257,000 last quarter
- Boeing Co. BA$255,000 last quarter
- Dow Inc. DOW$241,000 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Vanguard BD Index FDS BSV | 556.9K | $43.4 million | 6.43% | +9.2K |
| Dimensional ETF Trust DFAI | 1.0M | $41.6 million | 6.16% | +90.6K |
| Dimensional ETF Trust DCOR | 503.7K | $41.3 million | 6.12% | +67.3K |
| Dimensional ETF Trust DFCF | 884.3K | $37.3 million | 5.53% | +12.9K |
| iShares Edge MSCI USA Quality F QUAL | 155.7K | $34.2 million | 5.06% | +8.1K |
| Dimensional ETF Trust DFAE | 697.3K | $28.0 million | 4.15% | -19.7K |
| Vanguard Whitehall FDS VYM | 165.0K | $26.1 million | 3.86% | +1.0K |
| Microsoft Corp. MSFT | 63.2K | $23.6 million | 3.49% | +16.3K |
| SPDR S&P 500 SPY | 30.2K | $22.5 million | 3.34% | -396 |
| iShares Trust GOVT | 875.4K | $19.9 million | 2.95% | +1.8K |
| iShares Trust EEM | 210.8K | $14.4 million | 2.14% | no change |
| Meta Platforms, Inc. META | 24.4K | $13.7 million | 2.03% | -321 |
| Berkshire Hathaway Inc. Class B BRKB | 27.1K | $13.5 million | 2.01% | +5 |
| Global X FDS MLPX | 171.6K | $12.6 million | 1.87% | -4.4K |
| Amazon.com Inc. AMZN | 52.8K | $12.6 million | 1.86% | +45 |
| American Centy ETF Trust AVUS | 94.8K | $12.1 million | 1.80% | no change |
| Home Depot, Inc. HD | 34.4K | $12.1 million | 1.80% | +130 |
| Apple Inc. AAPL | 40.5K | $11.7 million | 1.74% | +16.4K |
| Dimensional ETF Trust DFAX | 305.8K | $11.3 million | 1.67% | +33.9K |
| Vanguard Short Term Government VGSH | 164.6K | $9.6 million | 1.42% | -62.9K |
| Walmart Inc. WMT | 81.8K | $9.3 million | 1.37% | -54 |
| Alphabet Inc. GOOGL | 25.3K | $9.0 million | 1.34% | -3.0K |
| Dimensional ETF Trust DFAT | 128.2K | $9.0 million | 1.33% | +8.7K |
| American Century ETF Trust AVDE | 95.3K | $8.5 million | 1.26% | no change |
| Uber Technologies, Inc. UBER | 108.1K | $7.8 million | 1.16% | -10 |
| Alphabet Inc. GOOG | 21.1K | $7.4 million | 1.10% | -148 |
| Progressive Corp. PGR | 32.8K | $7.2 million | 1.06% | no change |
| AbbVie Inc. ABBV | 28.0K | $7.1 million | 1.05% | no change |
| Aon plc AON | 21.1K | $7.0 million | 1.04% | +59 |
| NVIDIA Corp. NVDA | 34.8K | $7.0 million | 1.03% | +22.0K |
| Dimensional ETF Trust DFUV | 125.3K | $6.9 million | 1.02% | +63 |
| Energy Transfer LP ET | 348.5K | $6.7 million | 0.99% | -3.4K |
| Cisco Systems, Inc. CSCO | 55.8K | $6.6 million | 0.97% | no change |
| Arch Capital Group Ltd. ACGL | 61.9K | $6.0 million | 0.89% | -200 |
| Netflix Inc. NFLX | 82.7K | $5.9 million | 0.88% | no change |
| First American Financial Corp. FAF | 77.9K | $5.3 million | 0.79% | -52.5K |
| Johnson & Johnson JNJ | 21.0K | $5.3 million | 0.79% | -30 |
| SPDR Ser Trust KRE | 69.3K | $5.2 million | 0.77% | -5.7K |
| Visa Inc. V | 14.6K | $5.0 million | 0.74% | +123 |
| American Century ETF Trust AVEM | 51.6K | $5.0 million | 0.74% | -5.5K |
| Abbott Laboratories ABT | 44.8K | $4.1 million | 0.60% | +16.3K |
| Copart Inc. CPRT | 132.5K | $3.7 million | 0.55% | +598 |
| iShares Russell 2000 ETF IWM | 11.4K | $3.4 million | 0.51% | no change |
| Akre Focus ETF AKRE | 63.2K | $3.4 million | 0.50% | -8.7K |
| Charles Schwab Corp. SCHW | 35.8K | $3.3 million | 0.49% | no change |
| First Citizens Bancshares Inc. FCNCA | 1.5K | $3.2 million | 0.47% | no change |
| Taiwan Semiconductor Manufacturing Company Limited TSM | 6.3K | $3.0 million | 0.45% | new |
| Booking Holdings Inc. BKNG | 16.3K | $2.9 million | 0.43% | no change |
| Thermo Fisher Scientific Inc. TMO | 5.5K | $2.7 million | 0.40% | +1.0K |
| Keurig Dr Pepper Inc. KDP | 82.0K | $2.7 million | 0.40% | -34.3K |
| iShares Trust EFA | 25.1K | $2.6 million | 0.39% | no change |
| JPMorgan Chase & Co. JPM | 7.8K | $2.6 million | 0.38% | no change |
| W. R. Berkley Corp. WRB | 36.3K | $2.6 million | 0.38% | -22.8K |
| Natural Resource Partners L NRP | 26.2K | $2.5 million | 0.38% | no change |
| Becton Dickinson & Co. BDX | 16.0K | $2.4 million | 0.36% | +6.6K |
| ONEOK Inc. OKE | 27.6K | $2.4 million | 0.36% | no change |
| Union Pacific Corp. UNP | 7.6K | $2.1 million | 0.31% | -2.6K |
| Markel Group Inc. MKL | 1.0K | $2.0 million | 0.29% | no change |
| Marsh & McLennan Companies, Inc. MRSH | 12.5K | $1.9 million | 0.29% | -8.9K |
| Intercontinental Exchange, Inc. ICE | 15.2K | $1.9 million | 0.28% | no change |
| UroGen Pharma Ltd. URGN | 45.4K | $1.7 million | 0.25% | -13.1K |
| Apollo Global Management, Inc. APO | 13.9K | $1.6 million | 0.24% | +245 |
| S&P Global Inc. SPGI | 3.8K | $1.5 million | 0.23% | no change |
| KKR & Co. Inc. KKR | 16.6K | $1.5 million | 0.23% | no change |
| Warner Bros Discovery Inc. WBD | 57.2K | $1.5 million | 0.23% | new |
| Danaher Corp. DHR | 7.8K | $1.5 million | 0.22% | no change |
| Medtronic plc MDT | 19.0K | $1.5 million | 0.22% | new |
| Watsco Inc. WSO | 3.5K | $1.5 million | 0.22% | no change |
| Merck & Co., Inc. MRK | 11.0K | $1.4 million | 0.21% | +6.3K |
| Kingsway Finl Svcs Inc. KWY | 128.2K | $1.3 million | 0.20% | no change |
| Novo Nordisk A/S NVO | 24.0K | $1.2 million | 0.17% | new |
| Gloo Holdings Inc. GLOO | 250.0K | $1.1 million | 0.17% | no change |
| Verisk Analytics, Inc. VRSK | 6.3K | $1.1 million | 0.17% | no change |
| Vanguard Value ETF VTV | 5.2K | $1.1 million | 0.17% | -74 |
| Dimensional ETF Trust DFAW | 13.3K | $1.1 million | 0.16% | +286 |
| IQVIA Holdings Inc. IQV | 5.3K | $1.0 million | 0.15% | new |
| Antero Resources Corp. AR | 26.5K | $930,000 | 0.14% | +6.3K |
| iShares S&P Growth Index FD IVW | 6.4K | $882,000 | 0.13% | no change |
| Medpace Holdings, Inc. MEDP | 1.6K | $847,000 | 0.13% | no change |
| iShares Trust ACWI | 5.2K | $816,000 | 0.12% | -11 |
| CSW Industrials, Inc. CSW | 2.7K | $757,000 | 0.11% | no change |
| Berkshire Hathaway Inc. Del | 1 | $749,000 | 0.11% | new |
| iShares Trust MBB | 6.9K | $656,000 | 0.10% | no change |
| Cleanspark Inc. CLSK | 43.6K | $634,000 | 0.09% | new |
| iShares Core S&P 500 ETF IVV | 829 | $621,000 | 0.09% | no change |
| Dimensional ETF Trust DFAU | 11.9K | $617,000 | 0.09% | no change |
| Tesla, Inc. TSLA | 1.4K | $599,000 | 0.09% | +774 |
| Schwab Strategic Trust SCHG | 17.5K | $594,000 | 0.09% | +17 |
| Dell Technologies Inc. DELL | 1.3K | $541,000 | 0.08% | -574 |
| Brown & Brown, Inc. BRO | 7.6K | $488,000 | 0.07% | new |
| Vanguard Star FDS VXUS | 5.7K | $487,000 | 0.07% | no change |
| Schwab Strategic Trust FNDA | 12.6K | $480,000 | 0.07% | no change |
| Central & Eastern Europe FD CEE | 20.9K | $430,000 | 0.06% | no change |
| SPDR Dow Jones Indl Average DIA | 813 | $425,000 | 0.06% | +70 |
| Schwab Fundamental International Small Equity ETF FNDC | 8.6K | $415,000 | 0.06% | no change |
| Plains ALL American Pipeline LP PAA | 18.2K | $404,000 | 0.06% | no change |
| Comfort Systems USA Inc. FIX | 200 | $396,000 | 0.06% | new |
| Vanguard Small Cap Value ETF VBR | 1.6K | $395,000 | 0.06% | no change |
| iShares Trust IWN | 1.7K | $373,000 | 0.06% | no change |
| Strategy Inc. MSTR | 4.3K | $371,000 | 0.05% | new |
| US Foods Holding Corp. USFD | 3.2K | $327,000 | 0.05% | new |
| Dimensional ETF Trust DFSD | 6.4K | $305,000 | 0.05% | -1.5K |
| Dimensional ETF Trust DFAC | 6.7K | $297,000 | 0.04% | no change |
| A. O. Smith Corp. AOS | 4.7K | $295,000 | 0.04% | new |
| Broadcom Inc. AVGO | 724 | $273,000 | 0.04% | -481 |
| Bank of America Corp. BAC | 4.8K | $272,000 | 0.04% | no change |
| ExxonMobil Holdings Corp. XOM | 2.0K | $270,000 | 0.04% | -594 |
| Avantis All Equity Markets ETF AVGE | 2.7K | $267,000 | 0.04% | -4 |
| ConocoPhillips COP | 2.4K | $248,000 | 0.04% | no change |
| VG Totl STK Vprs VTI | 670 | $248,000 | 0.04% | new |
| Dimensional ETF Trust DFAS | 3.0K | $247,000 | 0.04% | no change |
| iShares Trust IWC | 1.2K | $237,000 | 0.04% | +715 |
| American International Group, Inc. AIG | 3.2K | $235,000 | 0.03% | no change |
| iShares Trust IWF | 1.9K | $234,000 | 0.03% | new |
| Palantir Technologies Inc. PLTR | 2.0K | $233,000 | 0.03% | no change |
| Vanguard Mid Cap Index ETF VO | 2.8K | $224,000 | 0.03% | new |
| Chevron Corp. CVX | 1.3K | $214,000 | 0.03% | -75 |
| Vanguard Growth ETF VUG | 2.4K | $208,000 | 0.03% | -700 |
| Vanguard S&P 500 VOO | 300 | $206,000 | 0.03% | new |
| iShares Core S&P Small-Cap ETF IJR | 1.4K | $203,000 | 0.03% | new |
| Eos Energy Enterprises, Inc. EOSE | 12.9K | $76,000 | 0.01% | new |
| Westwater Res Inc. WWR | 100.0K | $51,000 | 0.01% | no change |
| Ocuphire Pharma Inc. IRD | 10.0K | $41,000 | 0.01% | no change |
| Aileron Therapeutics Inc. RNTX | 15.0K | $16,000 | 0.00% | no change |
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.
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Change is shares against its 13F for the quarter before; the 11 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| SPDR S&P 500 SPY | Puts | 60.2K | $38.9 million |
| iShares Russell 2000 ETF IWM | Puts | 50.0K | $10.0 million |
| iShares Trust EEM | Puts | 200.0K | $8.7 million |
| iShares Inc. EWZ | Calls | 10.0K | $270,000 |
4 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.