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Annandale Capital, LLC — 13F Holdings & Portfolio

CIK 1811739 · latest 13F-HR filed 2026-08-13

Backtest portfolio

Annandale Capital, LLC manages $732.8M in 13F-reported U.S. long-equity assets across 128 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are BSV (5.92%), DFAI (5.67%), DCOR (5.64%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 18 new positions and exited 11; 60 existing positions rose in reported value and 24 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$732.8M

Long-equity book

Holdings
128

Distinct positions

Period
2026-06-30

Filed 2026-08-13

Q/Q Activity
+18 / −11 / ↑60 / ↓24

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
BSV6.4% · +2%DFAI6.2% · +10%DCOR6.1% · +15%DFCF5.5% · +2%QUAL5.1% · +6%DFAE4.2% · -3%VYM3.9% · +1%MSFT3.5% · +35%SPY3.3% · -1%GOVT3.0% · +0%EEM2.1% · 0%META2.0% · -1%BRK.B2.0% · 0%MLPX1.9% · -2%AMZN1.9% · +0%AVUS1.8% · 0%HD1.8% · +0%AAPL1.7% · +68%DFAX1.7% · +12%VGSH1.4% · -28%WMT1.4% · -0%GOOGL1.3% · -11%DFAT1.3% · +7%AVDE1.3% · 0%UBER1.2% · -0%GOOG1.1% · -1%PGR1.1% · 0%ABBV1.0% · 0%AON1.0% · +0%NVDA1.0% · +171%DFUV1.0% · +0%ET1.0% · -1%CSCO1.0% · 0%ACGL0.9% · -0%NFLX0.9% · 0%FAF0.8% · -40%JNJ0.8% · -0%KRE0.8% · -8%V0.7% · +1%AVEM0.7% · -10%ABT0.6% · +57%CPRT0.6% · +0%IWM0.5% · 0%AKRE0.5% · -12%SCHW0.5% · 0%FCNCA0.5% · 0%TSM0.4% · newBKNG0.4% · +2400%TMO0.4% · +22%KDP0.4% · -30%EFA0.4% · 0%JPM0.4% · 0%WRB0.4% · -39%NRP0.4% · 0%BDX0.4% · +70%OKE0.4% · 0%UNP0.3% · -26%MKL0.3% · 0%MRSH0.3% · -42%ICE0.3% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 47.1%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 31, 2026.

Assets Under Management
$1.55B
Discretionary
$1.46B
Employees
5
Accounts
220
Address
2626 COLE AVENUE, SUITE 700
DALLAS, TX 75204
Phone
(214) 523-5000
Website
Name Title / Status Ownership Type
SEAY, GEORGE, EDWARD ControlCHAIRMAN
since Dec 2012
Less than 5%Individual
W.P. CLEMENTS, JR. TR NO. 1 FOR GEORGE E. SEAY, III ControlOWNER
since Dec 2020
75% or moreDomestic Entity
WENNING, CRAIG ControlCHIEF EXECUTIVE OFFICER
since Dec 2012
10–25%Individual
HEMBREE, RYAN, MICHAELCHIEF COMPLIANCE OFFICER
since Dec 2012
Less than 5%Individual
SEAY, GEORGE, EDWARD Control
Indirect owner via W.P. CLEMENTS, JR. TR NO. 1 FOR GEORGE E. SEAY, III
TRUSTEE/BENEFICIARY
since Dec 1970
75% or moreIndividual
Ownership & leadership changes · 4 filings with changes since Mar 27, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 31, 2021 filing
  • AddedSEAY, GEORGE, EDWARD · TRUSTEE/BENEFICIARY · 75% or more · indirect via W.P. CLEMENTS, JR. TR NO. 1 FOR GEORGE E. SEAY, III · control person
  • AddedW.P. CLEMENTS, JR. TR NO. 1 FOR GEORGE E. SEAY, III · OWNER · 75% or more · control person
  • ChangedSEAY, GEORGE, EDWARD · ownership 75% or more → Less than 5%
Mar 22, 2017 filing
  • ChangedWENNING, CRAIG · ownership 5–10% → 10–25%
Mar 27, 2015 filing
  • ChangedWENNING, CRAIG · ownership Less than 5% → 5–10%
Mar 27, 2013 filing
  • AddedHEMBREE, RYAN, MICHAEL · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedSEAY, GEORGE, EDWARD · title CHIEF EXECUTIVE OFFICER → CHAIRMAN
  • ChangedWENNING, CRAIG · title CHIEF OPERATING OFFICE AND CHIEF COMPLIANCE OFFICER → CHIEF EXECUTIVE OFFICER
Mar 27, 2012 filing (earliest on record)
  • ListedSEAY, GEORGE, EDWARD · CHIEF EXECUTIVE OFFICER · 75% or more · control person
  • ListedWENNING, CRAIG · CHIEF OPERATING OFFICE AND CHIEF COMPLIANCE OFFICER · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Annandale Capital, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 VANGUARD BD INDEX FDS BSV 921937827 $43.4M 5.92% 556,851 SH
2 DIMENSIONAL ETF TRUST DFAI 25434V203 $41.6M 5.67% 1,007,698 SH
3 DIMENSIONAL ETF TRUST DCOR 25434V625 $41.3M 5.64% 503,749 SH
4 SPDR S&P 500 ETF TR Put SPY 78462F103 $38.9M 5.31% 60,200 SH
5 DIMENSIONAL ETF TRUST DFCF 25434V872 $37.3M 5.09% 884,325 SH
6 ISHARES TR QUAL 46432F339 $34.2M 4.66% 155,660 SH
7 DIMENSIONAL ETF TRUST DFAE 25434V302 $28.0M 3.83% 697,284 SH
8 VANGUARD WHITEHALL FDS VYM 921946406 $26.1M 3.56% 164,994 SH
9 MICROSOFT CORP MSFT 594918104 $23.6M 3.22% 63,180 SH
10 SPDR S&P 500 ETF TR SPY 78462F103 $22.5M 3.07% 30,170 SH
11 ISHARES TR GOVT 46429B267 $19.9M 2.72% 875,351 SH
12 ISHARES TR EEM 464287234 $14.4M 1.97% 210,809 SH
13 META PLATFORMS INC META 30303M102 $13.7M 1.87% 24,354 SH
14 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $13.5M 1.85% 27,067 SH
15 GLOBAL X FDS MLPX 37954Y293 $12.6M 1.73% 171,649 SH
16 AMAZON COM INC AMZN 023135106 $12.6M 1.72% 52,769 SH
17 AMERICAN CENTY ETF TR AVUS 025072885 $12.1M 1.66% 94,819 SH
18 HOME DEPOT INC HD 437076102 $12.1M 1.66% 34,424 SH
19 APPLE INC AAPL 037833100 $11.7M 1.60% 40,508 SH
20 DIMENSIONAL ETF TRUST DFAX 25434V880 $11.3M 1.54% 305,764 SH
21 ISHARES TR Put IWM 464287655 $10.0M 1.36% 50,000 SH
22 VANGUARD SCOTTSDALE FDS VGSH 92206C102 $9.6M 1.31% 164,553 SH
23 WALMART INC WMT 931142103 $9.3M 1.26% 81,779 SH
24 ALPHABET INC GOOGL 02079K305 $9.0M 1.23% 25,274 SH
25 DIMENSIONAL ETF TRUST DFAT 25434V609 $9.0M 1.22% 128,199 SH
26 ISHARES TR Put EEM 464287234 $8.7M 1.19% 200,000 SH
27 AMERICAN CENTY ETF TR AVDE 025072703 $8.5M 1.16% 95,262 SH
28 UBER TECHNOLOGIES INC UBER 90353T100 $7.8M 1.06% 108,113 SH
29 ALPHABET INC GOOG 02079K107 $7.4M 1.02% 21,066 SH
30 PROGRESSIVE CORP PGR 743315103 $7.2M 0.98% 32,794 SH
31 ABBVIE INC ABBV 00287Y109 $7.1M 0.96% 28,032 SH
32 AON PLC AON G0403H108 $7.0M 0.95% 21,091 SH
33 NVIDIA CORPORATION NVDA 67066G104 $7.0M 0.95% 34,841 SH
34 DIMENSIONAL ETF TRUST DFUV 25434V724 $6.9M 0.94% 125,272 SH
35 ENERGY TRANSFER L P ET 29273V100 $6.7M 0.91% 348,462 SH
36 CISCO SYS INC CSCO 17275R102 $6.6M 0.89% 55,815 SH
37 ARCH CAP GROUP LTD ACGL G0450A105 $6.0M 0.82% 61,870 SH
38 NETFLIX INC NFLX 64110L106 $5.9M 0.81% 82,719 SH
39 FIRST AMERN FINL CORP FAF 31847R102 $5.3M 0.73% 77,855 SH
40 JOHNSON & JOHNSON JNJ 478160104 $5.3M 0.73% 20,987 SH
41 SPDR SER TR KRE 78464A698 $5.2M 0.71% 69,300 SH
42 VISA INC V 92826C839 $5.0M 0.68% 14,568 SH
43 AMERICAN CENTY ETF TR AVEM 025072604 $5.0M 0.68% 51,594 SH
44 ABBOTT LABS ABT 002824100 $4.1M 0.55% 44,814 SH
45 COPART INC CPRT 217204106 $3.7M 0.51% 132,542 SH
46 ISHARES TR IWM 464287655 $3.4M 0.47% 11,400 SH
47 PROFESIONALLY MANAGED PORTFO AKRE 74316P579 $3.4M 0.46% 63,218 SH
48 SCHWAB CHARLES CORP SCHW 808513105 $3.3M 0.45% 35,848 SH
49 FIRST CTZNS BANCSHARES INC D FCNCA 31946M103 $3.2M 0.43% 1,530 SH
50 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $3.0M 0.41% 6,319 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-13 $732.8M 128 0001811739-26-000003
2026-03-31 2026-05-15 $708.8M 121 0001811739-26-000002
2025-12-31 2026-02-12 $843.1M 127 0001811739-26-000001
2025-09-30 2025-11-13 $5.9M 124 0001811739-25-000005
Filer Information
Address
2626 COLE AVENUE, SUITE 700
DALLAS, TX 75204
Phone
(214) 523-5000
Filing Manager
Annandale Capital, LLC
DALLAS, TX
Signatory
Ryan Hembree
Director of Operations/ Chief Compliance Officer