Annandale Capital, LLC

Q4 2025 13F-HR Holdings

Location
Dallas, TX
Holdings as of
12/31/2025
Date filed
2/12/2026
Form type
13F-HR
Num holdings
127
Total value ($000)
$843,087
Net value change ($000)
-5,038,464 (-85.7%)
New positions
12
Sold out positions
13
Turnover %
40.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AKRE 6,453 NEW
KDP 4,538 NEW
OKE 2,002 NEW
BDX 1,817 NEW
GLOO 1,423 NEW
PLTR 356 NEW
TSLA 290 NEW
MSTR 243 NEW
Q 237 NEW
DELL 230 NEW
Top Reduces (Value $000, Stocks/ETFs)
DFCF -306,618 -89.5%
DFAI -285,586 -88.7%
DCOR -258,850 -88.8%
DFAE -198,814 -89.0%
VYM -195,923 -89.0%
META -185,482 -91.9%
GOVT -170,885 -89.8%
MLPX -157,318 -89.9%
NFLX -145,183 -94.9%
BRK-B -122,871 -90.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 228,845 (27.1% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type