Annandale Capital, LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Annandale Capital, LLC maintained a portfolio of 140 distinct positions. The most significant new addition to the portfolio was VANGUARD INDEX FDS, which now represents 13.52% of the total fund value. Conversely, Annandale Capital, LLC completely exited their position in MORNINGSTAR INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
140
Quarter
2025 Q4
Top Holding
VOO (13.5%)
Top 10 Concentration
51.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 140
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
VOO
VANGUARD INDEX ...
PUT
PUT Option 13.52% #1
Prev: #—
7.4 200,000 no change
NEW
200,000 $114,000,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR S&P 500 ET...
PUT
PUT Option 9.58% 2.50% #2 9
Prev: #11
4.0 -110,000 -45.8%
P
S
130,000 $80,800,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BSV
VANGUARD BD IND...
Bond/Debt 5.03% 7.23% #3 2
Prev: #1
2.0 -120 -0.0%
P
S
538,557 $42,444,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DFAI
DIMENSIONAL ETF...
Bond/Debt 4.31% 5.47% #4 1
Prev: #3
3.7 68,042 7.7%
P
S
953,684 $36,345,000 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DFCF
DIMENSIONAL ETF...
ETF 4.25% 5.82% #5 3
Prev: #2
3.7 40,562 5.1%
P
S
841,374 $35,809,000 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DCOR
DIMENSIONAL ETF...
ETF 3.87% 4.96% #6 2
Prev: #4
3.6 38,254 9.4%
P
S
443,455 $32,652,000 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DFAE
DIMENSIONAL ETF...
ETF 2.90% 3.80% #7 2
Prev: #5
3.2 43,472 6.1%
P
S
751,675 $24,482,000 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VYM
VANGUARD WHITEH...
ETF 2.87% 3.74% #8 2
Prev: #6
3.2 12,356 7.9%
P
S
168,517 $24,186,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
QUAL
ISHARES TR
ETF 2.69% 1.07% #9 21
Prev: #30
3.4 81,869 252.8%
P
S
114,253 $22,693,000 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GOVT
ISHARES TR
ETF 2.31% 3.24% #10 2
Prev: #8
2.9 21,766 2.6%
P
S
845,043 $19,457,000 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MLPX
GLOBAL X FDS
ETF 2.10% 2.98% #11 2
Prev: #9
2.9 13,209 4.7%
P
S
292,287 $17,692,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 1.93% 3.43% #12 5
Prev: #7
0.8 -2,838 -10.3%
P
S
24,633 $16,260,000 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR S&P 500 ET...
ETF 1.85% 1.31% #13 10
Prev: #23
3.0 11,381 98.7%
P
S
22,916 $15,627,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 1.79% 2.03% #14 1
Prev: #13
2.8 8,117 35.2%
P
S
31,199 $15,088,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BRK/B
BERKSHIRE HATHA...
Financial Services 1.61% 2.32% #15 3
Prev: #12
0.6 -84 -0.3%
P
S
27,062 $13,603,000 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 1.44% 1.97% #16 2
Prev: #14
0.6 no change no change
P
S
52,647 $12,152,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
CALL
CALL Option 1.38% #17
Prev: #—
2.6 29,000 no change
NEW
29,000 $11,600,000 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EEM
ISHARES TR
ETF 1.37% 1.92% #18 3
Prev: #15
0.5 -468 -0.2%
P
S
210,809 $11,533,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AVUS
AMERICAN CENTY ...
ETF 1.26% 1.75% #19 1
Prev: #18
0.5 no change no change
P
S
94,819 $10,599,000 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ET
ENERGY TRANSFER...
Energy 1.25% 1.86% #20 4
Prev: #16
2.5 1,182 0.2%
P
S
638,661 $10,532,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IWM
ISHARES TR
PUT
PUT Option 1.19% 0.17% #21 52
Prev: #73
0.5 no change no change
P
S
50,000 $10,000,000 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
WMT
WALMART INC
Consumer Defensive 1.13% 1.51% #22 3
Prev: #19
0.5 -394 -0.5%
P
S
85,645 $9,542,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HD
HOME DEPOT INC
Consumer Cyclical 1.12% 1.13% #23 4
Prev: #27
2.7 11,177 68.4%
P
S
27,510 $9,466,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 1.10% 1.23% #24 1
Prev: #25
0.4 no change no change
P
S
29,721 $9,303,000 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
UBER
UBER TECHNOLOGI...
Technology 1.05% 1.78% #25 8
Prev: #17
2.4 1,200 1.1%
P
S
108,099 $8,833,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MORN
MORNINGSTAR INC
Financial Services 0.00% 0.79%
Sold All 😨
(Was: #38)
0.3 -20,084 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AZO
AUTOZONE INC
Consumer Cyclical 0.00% 0.77%
Sold All 😨
(Was: #39)
0.3 -1,052 -100.0%
CLOSED
$— 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BUR
BURFORD CAP LTD
Financial Services 0.00% 0.61%
Sold All 😨
(Was: #47)
0.3 -300,000 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMT
AMERICAN TOWER ...
Real Estate 0.00% 0.47%
Sold All 😨
(Was: #49)
0.3 -14,453 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EFX
EQUIFAX INC
Industrials 0.00% 0.45%
Sold All 😨
(Was: #53)
0.3 -10,375 -100.0%
CLOSED
$— 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MELI
MERCADOLIBRE IN...
Consumer Cyclical 0.00% 0.17%
Sold All 😨
(Was: #72)
0.3 -434 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
OSCR
OSCAR HEALTH IN...
Healthcare 0.00% 0.14%
Sold All 😨
(Was: #75)
0.3 -45,000 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
APA
APA CORPORATION
Energy 0.00% 0.05%
Sold All 😨
(Was: #102)
0.3 -12,474 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IBIT
ISHARES BITCOIN...
Bond/Debt 0.00% 0.04%
Sold All 😨
(Was: #111)
0.3 -3,600 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NBIS
NEBIUS GROUP N....
Communication Services 0.00% 0.04%
Sold All 😨
(Was: #113)
0.3 -2,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PSKY
PARAMOUNT SKYDA...
Communication Services 0.00% 0.03%
Sold All 😨
(Was: #117)
0.3 -10,550 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
KRP
KIMBELL RTY PAR...
Energy 0.00% 0.03%
Sold All 😨
(Was: #119)
0.3 -11,586 -100.0%
CLOSED
$— 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
OESX
ORION ENERGY SY...
Industrials 0.00% 0.03%
Sold All 😨
(Was: #121)
0.3 -17,333 -100.0%
CLOSED
$— 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 140 holdings

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