# EDGAR Filing Document

**Accession Number:** 0001811739
**File Stem:** 0001811739-26-000002
**Filing Date:** 2026-5
**Character Count:** 15397
**Document Hash:** af18613800620d171d715f2fa50fa9b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001811739-26-000002.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001811739-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Annandale Capital, LLC
- **CENTRAL INDEX KEY:** 0001811739

**ORGANIZATION NAME:**
- **EIN:** 203231706
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20629
- **FILM NUMBER:** 26986178

**BUSINESS ADDRESS:**
- **STREET 1:** 2626 COLE AVENUE, SUITE 700
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75204
- **BUSINESS PHONE:** 2145235000

**MAIL ADDRESS:**
- **STREET 1:** 2626 COLE AVENUE, SUITE 700
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75204

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Annandale Capital LLC<br>**Address:** 2626 COLE AVENUE SUITE 700<br>DALLAS, TX 75204

**Form 13F File Number:** 028-20629

**CRD Number (if applicable):** 000136667

**SEC File Number (if applicable):** 801-64802

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:** Ryan Hembree<br>**Title:** Director of Operations/ Chief Compliance Officer<br>**Phone:** 2145235000

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

Ryan Hembree  Dallas, TX  05-15-2026<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:** 122

**Form 13F Information Table Value Total:** $708835

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 2928 | 28514 | SH |  | SOLE |  | 0 | 0 | 28514 |
| ABBVIE INC | COM | 00287Y109 |  | 6097 | 28032 | SH |  | SOLE |  | 0 | 0 | 28032 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 6085 | 21214 | SH |  | SOLE |  | 0 | 0 | 21214 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 8129 | 28269 | SH |  | SOLE |  | 0 | 0 | 28269 |
| AMAZON COM INC | COM | 023135106 |  | 10981 | 52724 | SH |  | SOLE |  | 0 | 0 | 52724 |
| AMERICAN CENTY ETF TR | INTL EQT ETF | 025072703 |  | 8082 | 95262 | SH |  | SOLE |  | 0 | 0 | 95262 |
| AMERICAN CENTY ETF TR | AVANTIS EMGMKT | 025072604 |  | 4604 | 57135 | SH |  | SOLE |  | 0 | 0 | 57135 |
| AMERICAN CENTY ETF TR | AVANTIS ALL EQT | 025072232 |  | 238 | 2699 | SH |  | SOLE |  | 0 | 0 | 2699 |
| AMERICAN CENTY ETF TR | US EQT ETF | 025072885 |  | 10542 | 94819 | SH |  | SOLE |  | 0 | 0 | 94819 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 237 | 3151 | SH |  | SOLE |  | 0 | 0 | 3151 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 855 | 20154 | SH |  | SOLE |  | 0 | 0 | 20154 |
| AON PLC | SHS CL A | G0403H108 |  | 6789 | 21032 | SH |  | SOLE |  | 0 | 0 | 21032 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 1517 | 13615 | SH |  | SOLE |  | 0 | 0 | 13615 |
| APPLE INC | COM | 037833100 |  | 6113 | 24086 | SH |  | SOLE |  | 0 | 0 | 24086 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 5958 | 62070 | SH |  | SOLE |  | 0 | 0 | 62070 |
| AT INC | COM | 00206R102 |  | 269 | 9265 | SH |  | SOLE |  | 0 | 0 | 9265 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 1472 | 9361 | SH |  | SOLE |  | 0 | 0 | 9361 |
| BERKLEY W R CORP | COM | 084423102 |  | 3916 | 59079 | SH |  | SOLE |  | 0 | 0 | 59079 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 12968 | 27062 | SH |  | SOLE |  | 0 | 0 | 27062 |
| BK OF AMERICA CORP | COM | 060505104 |  | 233 | 4780 | SH |  | SOLE |  | 0 | 0 | 4780 |
| BOEING CO | COM | 097023105 |  | 255 | 1282 | SH |  | SOLE |  | 0 | 0 | 1282 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 2749 | 653 | SH |  | SOLE |  | 0 | 0 | 653 |
| BROADCOM INC | COM | 11135F101 |  | 373 | 1205 | SH |  | SOLE |  | 0 | 0 | 1205 |
| CENTRAL  EASTERN EUROPE FD | COM | 153436100 |  | 383 | 20928 | SH |  | SOLE |  | 0 | 0 | 20928 |
| CHEVRON CORP NEW | COM | 166764100 |  | 282 | 1364 | SH |  | SOLE |  | 0 | 0 | 1364 |
| CISCO SYS INC | COM | 17275R102 |  | 4331 | 55815 | SH |  | SOLE |  | 0 | 0 | 55815 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 314 | 2381 | SH |  | SOLE |  | 0 | 0 | 2381 |
| COPART INC | COM | 217204106 |  | 4381 | 131944 | SH |  | SOLE |  | 0 | 0 | 131944 |
| CORE S ETF | ISHARES TR | 464287200 |  | 542 | 829 | SH |  | SOLE |  | 0 | 0 | 829 |
| CORTEVA INC | COM | 22052L104 |  | 483 | 5767 | SH |  | SOLE |  | 0 | 0 | 5767 |
| CSW INDUSTRIALS INC | COM | 126402106 |  | 709 | 2721 | SH |  | SOLE |  | 0 | 0 | 2721 |
| DANAHER CORPORATION | COM | 235851102 |  | 1484 | 7827 | SH |  | SOLE |  | 0 | 0 | 7827 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 300 | 1827 | SH |  | SOLE |  | 0 | 0 | 1827 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 1 | 25434V625 |  | 31457 | 436418 | SH |  | SOLE |  | 0 | 0 | 436418 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 260 | 6699 | SH |  | SOLE |  | 0 | 0 | 6699 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 |  | 24279 | 717027 | SH |  | SOLE |  | 0 | 0 | 717027 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 35730 | 917085 | SH |  | SOLE |  | 0 | 0 | 917085 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 214 | 3004 | SH |  | SOLE |  | 0 | 0 | 3004 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 7465 | 119543 | SH |  | SOLE |  | 0 | 0 | 119543 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 |  | 538 | 11932 | SH |  | SOLE |  | 0 | 0 | 11932 |
| DIMENSIONAL ETF TRUST | WORLD EQUITY ETF | 25434V617 |  | 964 | 13063 | SH |  | SOLE |  | 0 | 0 | 13063 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 9235 | 271864 | SH |  | SOLE |  | 0 | 0 | 271864 |
| DIMENSIONAL ETF TRUST | CORE FIXED INCOM | 25434V872 |  | 36793 | 871448 | SH |  | SOLE |  | 0 | 0 | 871448 |
| DIMENSIONAL ETF TRUST | SHORT DURATION F | 25434V864 |  | 375 | 7842 | SH |  | SOLE |  | 0 | 0 | 7842 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 6068 | 125209 | SH |  | SOLE |  | 0 | 0 | 125209 |
| DOW HLDGS INC | COM | 260557103 |  | 241 | 5795 | SH |  | SOLE |  | 0 | 0 | 5795 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 265 | 5795 | SH |  | SOLE |  | 0 | 0 | 5795 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 6790 | 351815 | SH |  | SOLE |  | 0 | 0 | 351815 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 231 | 6092 | SH |  | SOLE |  | 0 | 0 | 6092 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 436 | 2569 | SH |  | SOLE |  | 0 | 0 | 2569 |
| FIRST AMERN FINL CORP | COM | 31847R102 |  | 7859 | 130355 | SH |  | SOLE |  | 0 | 0 | 130355 |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 |  | 2884 | 1530 | SH |  | SOLE |  | 0 | 0 | 1530 |
| GLOBAL X FDS | GLB X MLP ENRG I | 37954Y293 |  | 13016 | 176033 | SH |  | SOLE |  | 0 | 0 | 176033 |
| GLOO HOLDINGS INC | CL A | 379598105 |  | 1203 | 250000 | SH |  | SOLE |  | 0 | 0 | 250000 |
| HOME DEPOT INC | COM | 437076102 |  | 11279 | 34294 | SH |  | SOLE |  | 0 | 0 | 34294 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 2389 | 15188 | SH |  | SOLE |  | 0 | 0 | 15188 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 260 | 10000 | SH | Call | SOLE |  | 0 | 0 | 10000 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 204 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 8685 | 200000 | SH | Put | SOLE |  | 0 | 0 | 200000 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 11972 | 210809 | SH |  | SOLE |  | 0 | 0 | 210809 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 2439 | 25113 | SH |  | SOLE |  | 0 | 0 | 25113 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 20013 | 873545 | SH |  | SOLE |  | 0 | 0 | 873545 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 725 | 6412 | SH |  | SOLE |  | 0 | 0 | 6412 |
| ISHARES TR | MICRO-CAP ETF | 464288869 |  | 201 | 471 | SH |  | SOLE |  | 0 | 0 | 471 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 10000 | 50000 | SH | Put | SOLE |  | 0 | 0 | 50000 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 2827 | 11400 | SH |  | SOLE |  | 0 | 0 | 11400 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 319 | 1684 | SH |  | SOLE |  | 0 | 0 | 1684 |
| ISHARES TR | MBS ETF | 464288588 |  | 659 | 6939 | SH |  | SOLE |  | 0 | 0 | 6939 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 28307 | 147580 | SH |  | SOLE |  | 0 | 0 | 147580 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 5137 | 21017 | SH |  | SOLE |  | 0 | 0 | 21017 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 2307 | 7842 | SH |  | SOLE |  | 0 | 0 | 7842 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 3061 | 116258 | SH |  | SOLE |  | 0 | 0 | 116258 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 203 | 6064 | SH |  | SOLE |  | 0 | 0 | 6064 |
| KINGSWAY FINL SVCS INC | COM NEW | 496904202 |  | 1337 | 128200 | SH |  | SOLE |  | 0 | 0 | 128200 |
| KKR  CO INC | COM | 48251W104 |  | 1540 | 16650 | SH |  | SOLE |  | 0 | 0 | 16650 |
| MARKEL CORP | COM | 570535104 |  | 1937 | 1012 | SH |  | SOLE |  | 0 | 0 | 1012 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 3614 | 21380 | SH |  | SOLE |  | 0 | 0 | 21380 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 768 | 1600 | SH |  | SOLE |  | 0 | 0 | 1600 |
| MERCK  CO. INC | COM | 58933Y105 |  | 568 | 4725 | SH |  | SOLE |  | 0 | 0 | 4725 |
| META PLATFORMS INC | CL A | 30303M102 |  | 14117 | 24675 | SH |  | SOLE |  | 0 | 0 | 24675 |
| MICROSOFT CORP | COM | 594918104 |  | 17338 | 46837 | SH |  | SOLE |  | 0 | 0 | 46837 |
| MSCI ACWI EX US | ISHARES TR | 464288257 |  | 721 | 5211 | SH |  | SOLE |  | 0 | 0 | 5211 |
| NATURAL RESOURCE PARTNERS L | COM UNIT LTD PAR | 63900P608 |  | 3171 | 26207 | SH |  | SOLE |  | 0 | 0 | 26207 |
| NETFLIX INC | COM | 64110L106 |  | 7953 | 82719 | SH |  | SOLE |  | 0 | 0 | 82719 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2242 | 12853 | SH |  | SOLE |  | 0 | 0 | 12853 |
| ONEOK INC NEW | COM | 682680103 |  | 2494 | 27587 | SH |  | SOLE |  | 0 | 0 | 27587 |
| OPUS GENETICS INC | COM | 67577R102 |  | 46 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 293 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 405 | 18153 | SH |  | SOLE |  | 0 | 0 | 18153 |
| PROFESIONALLY MANAGED PORTFO | AKRE FOCUS ETF | 74316P579 |  | 3798 | 71868 | SH |  | SOLE |  | 0 | 0 | 71868 |
| PROGRESSIVE CORP | COM | 743315103 |  | 6501 | 32794 | SH |  | SOLE |  | 0 | 0 | 32794 |
| QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 |  | 334 | 2897 | SH |  | SOLE |  | 0 | 0 | 2897 |
| REIN THERAPEUTICS INC | COM NEW | 00887A204 |  | 20 | 15026 | SH |  | SOLE |  | 0 | 0 | 15026 |
| S GLOBAL INC | COM | 78409V104 |  | 1607 | 3777 | SH |  | SOLE |  | 0 | 0 | 3777 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 3369 | 35848 | SH |  | SOLE |  | 0 | 0 | 35848 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 409 | 12600 | SH |  | SOLE |  | 0 | 0 | 12600 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524748 |  | 396 | 8550 | SH |  | SOLE |  | 0 | 0 | 8550 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 511 | 17529 | SH |  | SOLE |  | 0 | 0 | 17529 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 344 | 743 | SH |  | SOLE |  | 0 | 0 | 743 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 80933 | 130200 | SH | Put | SOLE |  | 0 | 0 | 130200 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 19878 | 30566 | SH |  | SOLE |  | 0 | 0 | 30566 |
| SPDR SER TR | S REGL BKG | 78464A698 |  | 4886 | 75000 | SH |  | SOLE |  | 0 | 0 | 75000 |
| TESLA INC | COM | 88160R101 |  | 242 | 650 | SH |  | SOLE |  | 0 | 0 | 650 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1759 | 9062 | SH |  | SOLE |  | 0 | 0 | 9062 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 2188 | 4452 | SH |  | SOLE |  | 0 | 0 | 4452 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 7777 | 108123 | SH |  | SOLE |  | 0 | 0 | 108123 |
| UNION PAC CORP | COM | 907818108 |  | 2477 | 10210 | SH |  | SOLE |  | 0 | 0 | 10210 |
| UROGEN PHARMA LTD | COM | M96088105 |  | 1053 | 58552 | SH |  | SOLE |  | 0 | 0 | 58552 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 42937 | 547601 | SH |  | SOLE |  | 0 | 0 | 547601 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 353 | 1625 | SH |  | SOLE |  | 0 | 0 | 1625 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1032 | 5261 | SH |  | SOLE |  | 0 | 0 | 5261 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 227 | 519 | SH |  | SOLE |  | 0 | 0 | 519 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 13313 | 227412 | SH |  | SOLE |  | 0 | 0 | 227412 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 440 | 5700 | SH |  | SOLE |  | 0 | 0 | 5700 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 24286 | 163987 | SH |  | SOLE |  | 0 | 0 | 163987 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 257 | 1485 | SH |  | SOLE |  | 0 | 0 | 1485 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 1195 | 6299 | SH |  | SOLE |  | 0 | 0 | 6299 |
| VISA INC | COM CL A | 92826C839 |  | 4366 | 14445 | SH |  | SOLE |  | 0 | 0 | 14445 |
| WALMART INC | COM | 931142103 |  | 10170 | 81833 | SH |  | SOLE |  | 0 | 0 | 81833 |
| WATSCO INC | COM | 942622200 |  | 1279 | 3516 | SH |  | SOLE |  | 0 | 0 | 3516 |
| WESTWATER RES INC | COM NEW | 961684206 |  | 65 | 100000 | SH |  | SOLE |  | 0 | 0 | 100000 |

---