Annandale Capital, LLC

13F filer, CIK 1811739, DALLAS, TX

Annandale Capital, LLC reported $630,939,000 across 128 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-13. Its ten largest share positions make up 43.79% of the portfolio.

Filed 2025-02-13 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:55 UTC13F-HR 0001811739-25-000001

Period: 2024-12-31
Reported value: $631M
Holdings: 128
Top 10 weight: 43.79%
New: 15
Sold out: 15

Largest buys vs the previous quarter

Security	Shares change	Approx. value
DCORadded	+30,959	$1.99M
ARadded	+48,400	$1.7M
BIDUadded	+19,793	$1.67M
GOVTadded	+72,520	$1.67M
AAPadded	+34,746	$1.64M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
PARAMOUNT GLOBALreduced	-253,958	-$2.66M
EQCexited	-6,755	-$2.17M
NULLexited	-50,947	-$1.73M
KREreduced	-20,000	-$1.21M
ETreduced	-34,496	-$676K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2024

Share positions as resolved from 13F-HR 0001811739-25-000001, largest first. % of portfolio is the value over $504,981,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
BSVVANGUARD BD INDEX FDS	534,336	$41.3M	8.18%	+11,538	Timeline
DFCFDIMENSIONAL ETF TRUST	806,715	$33.3M	6.59%	-9,455	Timeline
METAMETA PLATFORMS INC	37,049	$21.7M	4.3%	+8	Timeline
DFAIDIMENSIONAL ETF TRUST	742,385	$21.7M	4.29%	+50,445	Timeline
VYMVANGUARD WHITEHALL FDS	151,198	$19.3M	3.82%	-1,815	Timeline
GOVTISHARES TR	821,235	$18.9M	3.74%	+72,520	Timeline
MLPXGLOBAL X FDS	292,051	$17.7M	3.5%	-5,439	Timeline
DCORDIMENSIONAL ETF TRUST	266,289	$17.1M	3.38%	+30,959	Timeline
DFAEDIMENSIONAL ETF TRUST	607,403	$15.4M	3.05%	-1,440	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	25,301	$14.8M	2.94%	-710	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	27,094	$12.3M	2.43%	0	Timeline
ETENERGY TRANSFER L P	619,013	$12.1M	2.4%	-34,496	Timeline
AMZNAMAZON COM INC	52,054	$11.4M	2.26%	-2	Timeline
NFLXNETFLIX INC.	12,746	$11.4M	2.25%	-600	Timeline
GOOGLALPHABET INC	59,901	$11.3M	2.25%	-2,500	Timeline
MSFTMICROSOFT CORP	23,129	$9.75M	1.93%	0	Timeline
AVUSAMERICAN CENTY ETF TR	94,941	$9.2M	1.82%	+636	Timeline
WMTWALMART INC	86,146	$7.78M	1.54%	0	Timeline
DISDISNEY WALT CO	67,793	$7.55M	1.49%	+1	Timeline
KRESPDR SERIES TRUST	120,000	$7.24M	1.43%	-20,000	Timeline
FAFFIRST AMERN FINL CORP	115,807	$7.23M	1.43%	0	Timeline
PGRPROGRESSIVE CORP	29,079	$6.97M	1.38%	0	Timeline
AVDEAMERICAN CENTY ETF TR	105,392	$6.47M	1.28%	+386	Timeline
HDHOME DEPOT INC	16,262	$6.33M	1.25%	0	Timeline
AAPLAPPLE INC	23,722	$5.94M	1.18%	-89	Timeline
MKLMARKEL GROUP INC	3,137	$5.42M	1.07%	+19	Timeline
DFATDIMENSIONAL ETF TRUST	95,134	$5.29M	1.05%	+3,716	Timeline
ABBVABBVIE INC	29,140	$5.18M	1.03%	+34	Timeline
AAPADVANCE AUTO PARTS INC	109,241	$5.17M	1.02%	+34,746	Timeline
EPDENTERPRISE PRODS PARTNERS L	162,007	$5.08M	1.01%	-14,949	Timeline
DFUVDIMENSIONAL ETF TRUST	118,630	$4.85M	0.96%	-3,645	Timeline
WRBBERKLEY W R CORP	82,279	$4.82M	0.95%	0	Timeline
QUALISHARES TR	25,386	$4.52M	0.9%	-6	Timeline
ALLEALLEGION PLC	34,076	$4.45M	0.88%	0	Timeline
SCHWCHARLES SCHWAB CORP (THE)	59,848	$4.43M	0.88%	0	Timeline
BABAALIBABA GROUP HLDG LTD	50,328	$4.27M	0.84%	+31	Timeline
CPRTCOPART INC	70,184	$4.03M	0.8%	0	Timeline
BKNGBOOKING HOLDINGS INC	808	$4.01M	0.79%	0	Timeline
AVEMAMERICAN CENTY ETF TR	66,683	$3.92M	0.78%	+441	Timeline
VVISA INC	12,178	$3.85M	0.76%	0	Timeline
ABTABBOTT LABORATORIES	32,694	$3.7M	0.73%	-70	Timeline
GOOGALPHABET INC	19,181	$3.65M	0.72%	+1,001	Timeline
CSCOCISCO SYS INC	60,586	$3.59M	0.71%	0	Timeline
BIDUBAIDU INC	40,032	$3.38M	0.67%	+19,793	Timeline
AZOAUTOZONE INC	1,050	$3.36M	0.67%	0	Timeline
ARANTERO RESOURCES CORP	89,854	$3.15M	0.62%	+48,400	Timeline
JNJJOHNSON & JOHNSON	21,222	$3.07M	0.61%	+26	Timeline
EFXEQUIFAX INC	10,375	$2.64M	0.52%	0	Timeline
GLDSPDR GOLD TR	10,606	$2.57M	0.51%	-1,075	Timeline
ADBEADOBE INC	5,276	$2.35M	0.46%	0	Timeline
UNPUNION PAC CORP	10,250	$2.34M	0.46%	-222	Timeline
COPCONOCOPHILLIPS	23,470	$2.33M	0.46%	0	Timeline
ICEINTERCONTINENTAL EXCHANGE IN	15,246	$2.27M	0.45%	0	Timeline
TXNTEXAS INSTRS INC	11,952	$2.24M	0.44%	0	Timeline
ACGLARCH CAP GROUP LTD	22,786	$2.1M	0.42%	0	Timeline
EFAISHARES TR	26,937	$2.04M	0.4%	-1,118	Timeline
VRSKVERISK ANALYTICS INC	7,299	$2.01M	0.4%	0	Timeline
BURBURFORD CAPITAL LIMITED	156,700	$2M	0.4%	0	Timeline
QCOMQUALCOMM INC	12,041	$1.85M	0.37%	0	Timeline
KWEBKRANESHARES TRUST	51,803	$1.51M	0.3%	new	Timeline
WSOWATSCO INC	3,009	$1.43M	0.28%	+3	Timeline
CSWCSW INDUSTRIALS INC	3,699	$1.3M	0.26%	0	Timeline
WFCWELLS FARGO & CO	18,515	$1.3M	0.26%	+7	Timeline
KEYSKEYSIGHT TECHNOLOGIES INC	7,637	$1.23M	0.24%	0	Timeline
CDWCDW CORP	6,366	$1.11M	0.22%	0	Timeline
ALGNALIGN TECHNOLOGY INC	5,233	$1.09M	0.22%	-79	Timeline
KWYKINGSWAY CORP	128,200	$1.07M	0.21%	0	Timeline
PARAMOUNT GLOBALPARAMOUNT GLOBAL	90,900	$951K	0.19%	-253,958
VTVVANGUARD INDEX FDS	5,261	$891K	0.18%	0	Timeline
EOGEOG RES INC	7,235	$887K	0.18%	0	Timeline
URGNUROGEN PHARMA LTD	75,552	$805K	0.16%	0	Timeline
OXYOCCIDENTAL PETE CORP	15,589	$770K	0.15%	-877	Timeline
IVWISHARES TR	6,952	$706K	0.14%	0	Timeline
SHVISHARES TR	6,350	$699K	0.14%	-84	Timeline
RTORENTOKIL INITIAL PLC	26,000	$658K	0.13%	0	Timeline
MBBISHARES TR	7,074	$649K	0.13%	-562	Timeline
ACNACCENTURE PLC IRELAND	1,755	$617K	0.12%	0	Timeline
ACWIISHARES TR	5,072	$596K	0.12%	new	Timeline
MELIMERCADOLIBRE INC	314	$534K	0.11%	new	Timeline
EEMISHARES TR	11,702	$489K	0.1%	-1,160	Timeline
IVVISHARES TR	829	$488K	0.1%	0	Timeline
SCHGSCHWAB STRATEGIC TR	17,436	$486K	0.1%	+13,082	Timeline
KMIKINDER MORGAN INC DEL	17,550	$481K	0.1%	0	Timeline
MRKMERCK & CO INC	4,703	$468K	0.09%	0	Timeline
DDDUPONT DE NEMOURS INC	5,795	$442K	0.09%	0	Timeline
XOMEXXON MOBIL CORP	3,940	$424K	0.08%	+17	Timeline
DFAUDIMENSIONAL ETF TRUST	10,230	$414K	0.08%	+153	Timeline
REEAFREE AUTOMOTIVE LTD	46,666	$412K	0.08%	0	Timeline
AONAON PLC	1,123	$403K	0.08%	0	Timeline
AVGOBROADCOM INC	1,670	$387K	0.08%	0	Timeline
NVDANVIDIA CORPORATION	2,849	$383K	0.08%	-95	Timeline
PAAPLAINS ALL AMERN PIPELINE L	22,288	$381K	0.08%	0	Timeline
DFAXDIMENSIONAL ETF TRUST	15,060	$374K	0.07%	+806	Timeline
FNDASCHWAB STRATEGIC TR	12,600	$374K	0.07%	+6,300	Timeline
VXUSVANGUARD STAR FDS	5,700	$336K	0.07%	0	Timeline
CTVACORTEVA INC	5,767	$328K	0.06%	0	Timeline
VBRVANGUARD INDEX FDS	1,625	$322K	0.06%	0	Timeline
CMGCHIPOTLE MEXICAN GRILL INC	5,000	$302K	0.06%	0	Timeline
FNDCSCHWAB STRATEGIC TR	8,550	$292K	0.06%	0	Timeline
APAAPA CORPORATION	12,474	$288K	0.06%	new	Timeline
VERITEX HLDGS INCVERITEX HLDGS INC	9,667	$263K	0.05%	-10,333
JPMJPMORGAN CHASE & CO	1,075	$258K	0.05%	0	Timeline
BACBANK OF AMER CORP	5,751	$253K	0.05%	-1,600	Timeline
DVNDEVON ENERGY CORP NEW	7,500	$245K	0.05%	0	Timeline
DOWDOW HLDGS INC	5,795	$233K	0.05%	0	Timeline
IWNISHARES TR	1,408	$231K	0.05%	0	Timeline
AIGAMERICAN INTL GROUP INC	3,151	$229K	0.05%	0	Timeline
CEETHE CENTRAL AND EASTERN EU I	20,928	$229K	0.05%	0	Timeline
CVXCHEVRON CORPORATION	1,471	$213K	0.04%	+79	Timeline
DFACDIMENSIONAL ETF TRUST	6,112	$211K	0.04%	+190	Timeline
BSMBLACK STONE MINERALS L P	14,382	$210K	0.04%	+747	Timeline
IWCISHARES TR	1,600	$209K	0.04%	new	Timeline
DFAWDIMENSIONAL ETF TRUST	3,307	$207K	0.04%	new	Timeline
OKEONEOK INC NEW	2,045	$205K	0.04%	new	Timeline
KRPKIMBELL RTY PARTNERS LP	11,586	$188K	0.04%	0	Timeline
WWRWESTWATER RES INC	250,000	$177K	0.04%	0	Timeline
MESA AIR GROUP INCMESA AIR GROUP INC	145,607	$169K	0.03%	-155,663
ORION ENERGY SYSTEMS INCORION ENERGY SYSTEMS INC	173,339	$139K	0.03%	0
APTOSE BIOSCIENCES INCAPTOSE BIOSCIENCES INC	26,666	$6K	<0.01%	0

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value	Change
SPYSTATE STR SPDR S&P 500 ETF T SHS	put	130,000	$69.9M	new
VTIVANGUARD INDEX FDS COM	put	45,000	$12.2M	new
VYMVANGUARD WHITEHALL FDS SHS	put	100,000	$10.5M	0
ETENERGY TRANSFER L P COM UT LTD PTN	put	500,000	$9M	new
METAMETA PLATFORMS INC COM	put	13,000	$7.67M	new
IATISHARES TR US REGNL BKS ETF	put	136,000	$6.8M	new
NFLXNETFLIX INC. COM	put	7,000	$6.16M	new
ETENERGY TRANSFER L P COM UT LTD PTN	call	100,000	$2M	new
MCHIISHARES TR MSCI CHINA ETF	put	38,000	$1.75M	new

Sold out in Q4 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
STATE STR SPDR S&P 500 ETF TSTATE STR SPDR S&P 500 ETF T	312,600	$152M	put
ISHARES TRISHARES TR	330,000	$26.1M	put
SPDR SERIES TRUSTSPDR SERIES TRUST	225,000	$9.41M	put
VANGUARD SPECIALIZED FUNDSVANGUARD SPECIALIZED FUNDS	40,000	$7.04M	put
DISNEY WALT CODISNEY WALT CO	35,500	$3.02M	put
EQCEQUITY COMMONWEALTH	6,755	$2.17M	shares
ENERGY TRANSFER L PENERGY TRANSFER L P	100,000	$2M	call
ISHARES TRISHARES TR	38,000	$1.75M	put
NULLNULL	50,947	$1.73M	shares
COPART INCCOPART INC	35,000	$1.57M	put
ACWXISHARES TR	4,834	$578K	shares
VIPERVIPER	7,244	$327K	shares
SUSUNCOR ENERGY INC NEW	8,525	$315K	shares
WMBWILLIAMS COS INC	5,418	$247K	shares
HTZHERTZ GLOBAL HLDGS INC	45,000	$149K	shares

How Q4 2024 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001811739-25-000001	base		2025-02-13	acceptance time not in the bulk data set	2026-10-07 18:25:55 UTC