Abstract: A tool for setting threaded anchors, having an elongated body with a longitudinal bore and a threaded shaft received in the bore and projecting beyond both ends of the body to form a nut engaging end and an anchor engaging end. The anchors to be set include an anchor frustum having a longitudinal threaded bore, surrounded by a soft sleeve. A pinway is formed in the body communicating with the bore, and a retaining pin, in engagement with the threaded shaft, projects laterally through the pinway, for preventing relative rotational motion between the threaded shaft and the body while allowing relative longitudinal motion. A nut engages with the nut engaging end of the shaft. The method of setting such an anchor is to insert the anchor, attached to the end of the tool, into a hole where the anchor is to be set. The nut is then rotated with respect to the shaft, while preventing the rotation of the shaft and the body, so as to draw the frustum into the soft sleeve until the anchor is affixed within the hole.