Annandale Capital, LLC
Long book
$609.0M
Q1 2026
Positions
117
Top-10 weight
46%
concentration
Last quarter
+8.4%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsAnnandale Capital, LLC is a wealth-management firm allocating client money, running a $609.0M US long book across 117 positions.
The portfolio is moderately concentrated (top 10 ≈ 46% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD SHORT-TERM BOND ETF, DIMENSIONAL CORE FIXED INC, DIMENSIONAL INTERNATIONAL CO, DIMENSIONAL US CORE EQ 1 ETF, ISHARES MSCI USA QUALITY FAC.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.0%
Q2 2024
+6.2%
Q3 2024
+1.5%
Q4 2024
+1.5%
Q1 2025
+6.8%
Q2 2025
+3.8%
Q3 2025
+0.4%
Q4 2025
-0.5%
Q1 2026
+8.4%
Sector allocation
Financials 28%
Technology 28%
Consumer discretionary 16%
Services media 9%
Healthcare 8%
Utilities 4%
Industrials 2%
Materials 2%
Long book by quarter
What does Annandale Capital, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 46.8K | $17.3M | 2.8% | +50.1% |
| META META PLATFORMS INC-CLASS A | Technology | 24.7K | $14.1M | 2.3% | +0.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 27.1K | $13.0M | 2.1% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 34.3K | $11.3M | 1.9% | +24.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 52.7K | $11.0M | 1.8% | +0.1% |
| WMT WALMART INC | Consumer discretionary | 81.8K | $10.2M | 1.7% | -4.5% |
| GOOGL ALPHABET INC-CL A | Technology | 28.3K | $8.1M | 1.3% | -4.9% |
| NFLX NETFLIX INC | Services media | 82.7K | $8.0M | 1.3% | +0.1% |
| FAF FIRST AMERICAN FINANCIAL | Financials | 130.4K | $7.9M | 1.3% | +6.5% |
| UBER UBER TECHNOLOGIES INC | Services media | 108.1K | $7.8M | 1.3% | 0.0% |
| ET ENERGY TRANSFER LP | Utilities | 351.8K | $6.8M | 1.1% | -44.9% |
| AON AON PLC-CLASS A | Financials | 21.0K | $6.8M | 1.1% | +66.7% |
| PGR PROGRESSIVE CORP | Financials | 32.8K | $6.5M | 1.1% | Held |
| AAPL APPLE INC | Technology | 24.1K | $6.1M | 1.0% | +2.1% |
| ABBV ABBVIE INC | Healthcare | 28.0K | $6.1M | 1.0% | 0.0% |
| GOOG ALPHABET INC-CL C | Technology | 21.2K | $6.1M | 1.0% | +10.4% |
| ACGL ARCH CAPITAL GROUP LTD | Financials | 62.1K | $6.0M | 1.0% | +4.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 21.0K | $5.1M | 0.8% | -5.1% |
| CPRT COPART INC | Consumer discretionary | 131.9K | $4.4M | 0.7% | +6.0% |
| V VISA INC-CLASS A SHARES | Services media | 14.4K | $4.4M | 0.7% | +14.6% |
| CSCO CISCO SYSTEMS INC | Technology | 55.8K | $4.3M | 0.7% | -7.0% |
| WRB WR BERKLEY CORP | Financials | 59.1K | $3.9M | 0.6% | -21.7% |
| MRSH MARSH & MCLENNAN COS | Financials | 21.4K | $3.6M | 0.6% | Held |
| SCHW SCHWAB (CHARLES) CORP | Financials | 35.8K | $3.4M | 0.6% | Held |
| NRP NATURAL RESOURCE PARTNERS LP | Materials | 26.2K | $3.2M | 0.5% | Held |
| KDP KEURIG DR PEPPER INC | Consumer staples | 116.3K | $3.1M | 0.5% | -28.2% |
| ABT ABBOTT LABORATORIES | Healthcare | 28.5K | $2.9M | 0.5% | +0.5% |
| FCNCA FIRST CITIZENS BCSHS -CL A | Financials | 1.5K | $2.9M | 0.5% | Held |
| BKNG BOOKING HOLDINGS INC | Industrials | 653 | $2.7M | 0.5% | -19.5% |
| OKE ONEOK INC | Utilities | 27.6K | $2.5M | 0.4% | +1.3% |
| UNP UNION PACIFIC CORP | Industrials | 10.2K | $2.5M | 0.4% | +0.1% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 15.2K | $2.4M | 0.4% | -0.4% |
| JPM JPMORGAN CHASE & CO | Financials | 7.8K | $2.3M | 0.4% | +664.3% |
| NVDA NVIDIA CORP | Technology | 12.9K | $2.2M | 0.4% | +788.9% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 4.5K | $2.2M | 0.4% | +29.1% |
| MKL MARKEL GROUP INC | Financials | 1.0K | $1.9M | 0.3% | -37.1% |
| TXN TEXAS INSTRUMENTS INC | Technology | 9.1K | $1.8M | 0.3% | -46.5% |
| SPGI S&P GLOBAL INC | Services media | 3.8K | $1.6M | 0.3% | New |
| KKR KKR & CO INC | Financials | 16.6K | $1.5M | 0.3% | New |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 13.6K | $1.5M | 0.2% | New |
| DHR DANAHER CORP | Technology | 7.8K | $1.5M | 0.2% | +0.2% |
| BDX BECTON DICKINSON AND CO | Healthcare | 9.4K | $1.5M | 0.2% | Held |
| KWY KINGSWAY CORP | Financials | 128.2K | $1.3M | 0.2% | Held |
| WSO WATSCO INC | Consumer discretionary | 3.5K | $1.3M | 0.2% | +0.8% |
| GLOO GLOO HOLDINGS INC-A | Technology | 250.0K | $1.2M | 0.2% | Held |
| VRSK VERISK ANALYTICS INC | Technology | 6.3K | $1.2M | 0.2% | Held |
| URGN UROGEN PHARMA LTD | Healthcare | 58.6K | $1.1M | 0.2% | -3.3% |
| AR ANTERO RESOURCES CORP | Energy | 20.2K | $855K | 0.1% | -74.7% |
| MEDP MEDPACE HOLDINGS INC | Healthcare | 1.6K | $768K | 0.1% | Held |
| CSW CSW INDUSTRIALS INC | Other | 2.7K | $709K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 122 | $708.8M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 127 | $843.1M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 124 | $5.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 124 | $1.32B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 128 | $1.59B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 129 | $630.9M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 128 | $713.8M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 15, 2024 | 121 | $584.8M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 135 | $543.3M | $K fixed canonical | SEC ↗ |