# EDGAR Filing Document

**Accession Number:** 0001965760
**File Stem:** 0001172661-23-000887
**Filing Date:** 2023-2
**Character Count:** 16041
**Document Hash:** 0cfc5c5c7ce42e3bb46466fb74c99a7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000887.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001172661-23-000887

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DUDLEY CAPITAL MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001965760
- **IRS NUMBER:** 812827742
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22992
- **FILM NUMBER:** 23623471

**BUSINESS ADDRESS:**
- **STREET 1:** 115 THE PLAINS ROAD
- **STREET 2:** SUITE 250
- **CITY:** MIDDLEBURG
- **STATE:** VA
- **ZIP:** 20117
- **BUSINESS PHONE:** 540-687-4600

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 494
- **CITY:** MIDDLEBURG
- **STATE:** VA
- **ZIP:** 20118

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** DUDLEY CAPITAL MANAGEMENT LLC<br>**Address:** Po Box 494<br>Middleburg, VA 20118

**Form 13F File Number:** 028-22992

**CRD Number (if applicable):** 000282958

**SEC File Number (if applicable):** 801-108148

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** PHILIP RC DUDLEY<br>**Title:** MANAGING PARTNER<br>**Phone:** 540-687-4600

**Signature, Place, and Date of Signing:**

/s/ PHILIP RC DUDLEY  MIDDLEBURG, VA  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 129

**Form 13F Information Table Value Total:** $142855098

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 222572 | 1856 | SH |  | SOLE |  | 0 | 0 | 1856 |
| ABBVIE INC | COM | 00287Y109 |  | 3840608 | 23765 | SH |  | SOLE |  | 0 | 0 | 23765 |
| ABRDN ASIA PACIFIC INCOME FU | COM | 003009107 |  | 26300 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 246608 | 800 | SH |  | SOLE |  | 0 | 0 | 800 |
| ALLSTATE CORP | COM | 020002101 |  | 492228 | 3630 | SH |  | SOLE |  | 0 | 0 | 3630 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2566170 | 29085 | SH |  | SOLE |  | 0 | 0 | 29085 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1417018 | 15970 | SH |  | SOLE |  | 0 | 0 | 15970 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 617085 | 13500 | SH | Call | SOLE |  | 0 | 0 | 13500 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 1399374 | 30614 | SH |  | SOLE |  | 0 | 0 | 30614 |
| AMAZON COM INC | COM | 023135106 |  | 1048320 | 12480 | SH |  | SOLE |  | 0 | 0 | 12480 |
| AMAZON COM INC | COM | 023135106 |  | 445200 | 5300 | SH | Call | SOLE |  | 0 | 0 | 5300 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 2509963 | 11847 | SH |  | SOLE |  | 0 | 0 | 11847 |
| APPLE INC | COM | 037833100 |  | 8697791 | 66942 | SH |  | SOLE |  | 0 | 0 | 66942 |
| ARES CAPITAL CORP | NOTE 4.625% 3/0 | 04010LAW3 |  | 50910 | 48000 | PRN |  | SOLE |  | 0 | 0 | 48000 |
| ARES COML REAL ESTATE CORP | COM | 04013V108 |  | 295323 | 28700 | SH |  | SOLE |  | 0 | 0 | 28700 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 424328 | 6200 | SH |  | SOLE |  | 0 | 0 | 6200 |
| AT INC | COM | 00206R102 |  | 760186 | 41292 | SH |  | SOLE |  | 0 | 0 | 41292 |
| ATLANTIC UN BANKSHARES CORP | COM | 04911A107 |  | 1536497 | 43725 | SH |  | SOLE |  | 0 | 0 | 43725 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 864912 | 3621 | SH |  | SOLE |  | 0 | 0 | 3621 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 3063361 | 9917 | SH |  | SOLE |  | 0 | 0 | 9917 |
| BLACKSTONE INC | COM | 09260D107 |  | 59352 | 800 | SH | Call | SOLE |  | 0 | 0 | 800 |
| BLACKSTONE INC | COM | 09260D107 |  | 1845157 | 24871 | SH |  | SOLE |  | 0 | 0 | 24871 |
| BOEING CO | COM | 097023105 |  | 1185038 | 6221 | SH |  | SOLE |  | 0 | 0 | 6221 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 308334 | 2950 | SH |  | SOLE |  | 0 | 0 | 2950 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 2030933 | 28227 | SH |  | SOLE |  | 0 | 0 | 28227 |
| BROADCOM INC | COM | 11135F101 |  | 601065 | 1075 | SH |  | SOLE |  | 0 | 0 | 1075 |
| CATERPILLAR INC | COM | 149123101 |  | 307844 | 1285 | SH |  | SOLE |  | 0 | 0 | 1285 |
| CHEVRON CORP NEW | COM | 166764100 |  | 7431876 | 41406 | SH |  | SOLE |  | 0 | 0 | 41406 |
| CISCO SYS INC | COM | 17275R102 |  | 2509210 | 52670 | SH |  | SOLE |  | 0 | 0 | 52670 |
| COCA COLA CO | COM | 191216100 |  | 2634426 | 41415 | SH |  | SOLE |  | 0 | 0 | 41415 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 492516 | 6251 | SH |  | SOLE |  | 0 | 0 | 6251 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 1310333 | 5654 | SH |  | SOLE |  | 0 | 0 | 5654 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 750605 | 1644 | SH |  | SOLE |  | 0 | 0 | 1644 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1826000 | 4000 | SH | Call | SOLE |  | 0 | 0 | 4000 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 347983 | 3305 | SH |  | SOLE |  | 0 | 0 | 3305 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 340489 | 5535 | SH |  | SOLE |  | 0 | 0 | 5535 |
| DISNEY WALT CO | COM | 254687106 |  | 721191 | 8301 | SH |  | SOLE |  | 0 | 0 | 8301 |
| DISNEY WALT CO | COM | 254687106 |  | 173760 | 2000 | SH | Call | SOLE |  | 0 | 0 | 2000 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 295500 | 1200 | SH | Call | SOLE |  | 0 | 0 | 1200 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 47773 | 194 | SH |  | SOLE |  | 0 | 0 | 194 |
| DOW INC | COM | 260557103 |  | 624920 | 12402 | SH |  | SOLE |  | 0 | 0 | 12402 |
| EATON CORP PLC | SHS | G29183103 |  | 458922 | 2924 | SH |  | SOLE |  | 0 | 0 | 2924 |
| EATON VANCE LTD DURATION INC | COM | 27828H105 |  | 174964 | 18633 | SH |  | SOLE |  | 0 | 0 | 18633 |
| EATON VANCE TAX-MANAGED DIVE | COM | 27828N102 |  | 121170 | 11157 | SH |  | SOLE |  | 0 | 0 | 11157 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 218966 | 18447 | SH |  | SOLE |  | 0 | 0 | 18447 |
| EOG RES INC | COM | 26875P101 |  | 256116 | 1977 | SH |  | SOLE |  | 0 | 0 | 1977 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 5161134 | 46792 | SH |  | SOLE |  | 0 | 0 | 46792 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 345438 | 7673 | SH |  | SOLE |  | 0 | 0 | 7673 |
| FORD MTR CO DEL | COM | 345370860 |  | 67454 | 5800 | SH | Call | SOLE |  | 0 | 0 | 5800 |
| FORD MTR CO DEL | COM | 345370860 |  | 118056 | 10151 | SH |  | SOLE |  | 0 | 0 | 10151 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 946292 | 3814 | SH |  | SOLE |  | 0 | 0 | 3814 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 758235 | 9049 | SH |  | SOLE |  | 0 | 0 | 9049 |
| GENUINE PARTS CO | COM | 372460105 |  | 2847993 | 16414 | SH |  | SOLE |  | 0 | 0 | 16414 |
| HOME DEPOT INC | COM | 437076102 |  | 3100798 | 9817 | SH |  | SOLE |  | 0 | 0 | 9817 |
| HONEYWELL INTL INC | COM | 438516106 |  | 702261 | 3277 | SH |  | SOLE |  | 0 | 0 | 3277 |
| INTEL CORP | COM | 458140100 |  | 283012 | 10708 | SH |  | SOLE |  | 0 | 0 | 10708 |
| INTEL CORP | COM | 458140100 |  | 58146 | 2200 | SH | Call | SOLE |  | 0 | 0 | 2200 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1366389 | 9698 | SH |  | SOLE |  | 0 | 0 | 9698 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 229140 | 1900 | SH |  | SOLE |  | 0 | 0 | 1900 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 631317 | 10242 | SH |  | SOLE |  | 0 | 0 | 10242 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 |  | 235737 | 4703 | SH |  | SOLE |  | 0 | 0 | 4703 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 8099846 | 45853 | SH |  | SOLE |  | 0 | 0 | 45853 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 3220948 | 24019 | SH |  | SOLE |  | 0 | 0 | 24019 |
| KIMBELL RTY PARTNERS LP | UNIT | 49435R102 |  | 167000 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 914761 | 50595 | SH |  | SOLE |  | 0 | 0 | 50595 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 722744 | 2913 | SH |  | SOLE |  | 0 | 0 | 2913 |
| LIGHTBRIDGE CORP | COM | 53224K302 |  | 132906 | 34166 | SH |  | SOLE |  | 0 | 0 | 34166 |
| LILLY ELI  CO | COM | 532457108 |  | 321573 | 879 | SH |  | SOLE |  | 0 | 0 | 879 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 2037350 | 5859 | SH |  | SOLE |  | 0 | 0 | 5859 |
| MCDONALDS CORP | COM | 580135101 |  | 217412 | 825 | SH |  | SOLE |  | 0 | 0 | 825 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 1236525 | 15910 | SH |  | SOLE |  | 0 | 0 | 15910 |
| MERCK  CO INC | COM | 58933Y105 |  | 1925759 | 17357 | SH |  | SOLE |  | 0 | 0 | 17357 |
| META PLATFORMS INC | CL A | 30303M102 |  | 84238 | 700 | SH | Call | SOLE |  | 0 | 0 | 700 |
| META PLATFORMS INC | CL A | 30303M102 |  | 277263 | 2304 | SH |  | SOLE |  | 0 | 0 | 2304 |
| MFS SPL VALUE TR | SH BEN INT | 55274E102 |  | 58520 | 14000 | SH |  | SOLE |  | 0 | 0 | 14000 |
| MICROSOFT CORP | COM | 594918104 |  | 8056574 | 33594 | SH |  | SOLE |  | 0 | 0 | 33594 |
| NETFLIX INC | COM | 64110L106 |  | 448512 | 1521 | SH |  | SOLE |  | 0 | 0 | 1521 |
| NEWMONT CORP | COM | 651639106 |  | 943292 | 19985 | SH |  | SOLE |  | 0 | 0 | 19985 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 534956 | 6399 | SH |  | SOLE |  | 0 | 0 | 6399 |
| NOKIA CORP | SPONSORED ADR | 654902204 |  | 148480 | 32000 | SH |  | SOLE |  | 0 | 0 | 32000 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 346220 | 1405 | SH |  | SOLE |  | 0 | 0 | 1405 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 2576370 | 4722 | SH |  | SOLE |  | 0 | 0 | 4722 |
| NUVEEN VIRGINIA QLTY MUNCPL | COM | 67064R102 |  | 156240 | 14000 | SH |  | SOLE |  | 0 | 0 | 14000 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1529178 | 10464 | SH |  | SOLE |  | 0 | 0 | 10464 |
| OBSIDIAN ENERGY LTD | COM | 674482203 |  | 124168 | 18700 | SH |  | SOLE |  | 0 | 0 | 18700 |
| ONEOK INC NEW | COM | 682680103 |  | 1155147 | 17582 | SH |  | SOLE |  | 0 | 0 | 17582 |
| OWL ROCK CAPITAL CORPORATION | COM | 69121K104 |  | 561330 | 48600 | SH |  | SOLE |  | 0 | 0 | 48600 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 831280 | 11672 | SH |  | SOLE |  | 0 | 0 | 11672 |
| PEPSICO INC | COM | 713448108 |  | 1825767 | 10106 | SH |  | SOLE |  | 0 | 0 | 10106 |
| PFIZER INC | COM | 717081103 |  | 3765659 | 73491 | SH |  | SOLE |  | 0 | 0 | 73491 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 1587611 | 15686 | SH |  | SOLE |  | 0 | 0 | 15686 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 |  | 2028019 | 22414 | SH |  | SOLE |  | 0 | 0 | 22414 |
| PPG INDS INC | COM | 693506107 |  | 427516 | 3400 | SH |  | SOLE |  | 0 | 0 | 3400 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1029396 | 6792 | SH |  | SOLE |  | 0 | 0 | 6792 |
| PROSPECT CAP CORP | COM | 74348T102 |  | 232767 | 33300 | SH |  | SOLE |  | 0 | 0 | 33300 |
| QUALCOMM INC | COM | 747525103 |  | 1309418 | 11910 | SH |  | SOLE |  | 0 | 0 | 11910 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 859536 | 8517 | SH |  | SOLE |  | 0 | 0 | 8517 |
| REALTY INCOME CORP | COM | 756109104 |  | 450036 | 7095 | SH |  | SOLE |  | 0 | 0 | 7095 |
| RESEARCH FRONTIERS INC | COM | 760911107 |  | 28841 | 15100 | SH |  | SOLE |  | 0 | 0 | 15100 |
| SALESFORCE INC | COM | 79466L302 |  | 412620 | 3112 | SH |  | SOLE |  | 0 | 0 | 3112 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 332386 | 3800 | SH | Call | SOLE |  | 0 | 0 | 3800 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 104964 | 1200 | SH | Put | SOLE |  | 0 | 0 | 1200 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 11721 | 134 | SH |  | SOLE |  | 0 | 0 | 134 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 23871 | 5178 | SH |  | SOLE |  | 0 | 0 | 5178 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 29965 | 6500 | SH | Call | SOLE |  | 0 | 0 | 6500 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 268848 | 703 | SH |  | SOLE |  | 0 | 0 | 703 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 956075 | 2500 | SH | Put | SOLE |  | 0 | 0 | 2500 |
| SPDR SER TR | BLOOMBERG SHT TE | 78468R408 |  | 321586 | 13267 | SH |  | SOLE |  | 0 | 0 | 13267 |
| SSGA ACTIVE ETF TR | SPDR TR TACTIC | 78467V848 |  | 1425025 | 35590 | SH |  | SOLE |  | 0 | 0 | 35590 |
| STARBUCKS CORP | COM | 855244109 |  | 1252388 | 12625 | SH |  | SOLE |  | 0 | 0 | 12625 |
| TARGA RES CORP | COM | 87612G101 |  | 330750 | 4500 | SH |  | SOLE |  | 0 | 0 | 4500 |
| TESLA INC | COM | 88160R101 |  | 24636 | 200 | SH | Put | SOLE |  | 0 | 0 | 200 |
| TESLA INC | COM | 88160R101 |  | 886896 | 7200 | SH |  | SOLE |  | 0 | 0 | 7200 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 234423 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 667987 | 1213 | SH |  | SOLE |  | 0 | 0 | 1213 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 688609 | 16003 | SH |  | SOLE |  | 0 | 0 | 16003 |
| UNION PAC CORP | COM | 907818108 |  | 765124 | 3695 | SH |  | SOLE |  | 0 | 0 | 3695 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 323516 | 1861 | SH |  | SOLE |  | 0 | 0 | 1861 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1590540 | 3000 | SH | Call | SOLE |  | 0 | 0 | 3000 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 72635 | 137 | SH |  | SOLE |  | 0 | 0 | 137 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 281592 | 7224 | SH |  | SOLE |  | 0 | 0 | 7224 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1087952 | 27613 | SH |  | SOLE |  | 0 | 0 | 27613 |
| VIRGINIA NATL BANKSHARES COR | COM | 928031103 |  | 404836 | 11043 | SH |  | SOLE |  | 0 | 0 | 11043 |
| VISA INC | COM CL A | 92826C839 |  | 1721707 | 8287 | SH |  | SOLE |  | 0 | 0 | 8287 |
| WALMART INC | COM | 931142103 |  | 1417616 | 9998 | SH |  | SOLE |  | 0 | 0 | 9998 |
| WELLTOWER INC | COM | 95040Q104 |  | 422798 | 6450 | SH |  | SOLE |  | 0 | 0 | 6450 |
| WESTERN ASSET HIGH INCOME OP | COM | 95766K109 |  | 130745 | 33100 | SH |  | SOLE |  | 0 | 0 | 33100 |
| WILLIAMS COS INC | COM | 969457100 |  | 1167440 | 35485 | SH |  | SOLE |  | 0 | 0 | 35485 |
| WP CAREY INC | COM | 92936U109 |  | 672090 | 8600 | SH |  | SOLE |  | 0 | 0 | 8600 |

---