Kendall Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Abbvie Inc	COM	00287Y109	2,624	27,726	SH		SOLE		0	0	27,726
Adient Plc	ORD SH	G0084W101	629	10,521	SH		SOLE		0	0	10,521
Aes Corp	COM	00130H105	947	83,300	SH		SOLE		0	0	83,300
Aptiv PLC	SHS	G6095L109	1,035	12,183	SH		SOLE		0	0	12,183
Arris International Plc	SHS	G0551A103	866	32,590	SH		SOLE		0	0	32,590
Astrazeneca Plc	SPONSORED ADR	046353108	553	15,815	SH		SOLE		0	0	15,815
Bgc Partners, Incorporation	CL A	05541T101	1,779	132,260	SH		SOLE		0	0	132,260
Bt Group Plc	ADR	05577E101	293	18,150	SH		SOLE		0	0	18,150
CBRE Group Inc- A	CL A	12504L109	566	11,980	SH		SOLE		0	0	11,980
Cdw Corp	COM	12514G108	861	12,240	SH		SOLE		0	0	12,240
Cinemark Holdings, Incorporation	COM	17243V102	418	11,105	SH		SOLE		0	0	11,105
Cisco Systems Incorporated	COM	17275R102	908	21,173	SH		SOLE		0	0	21,173
Commscope Holding Company Inc	COM	20337X109	1,039	26,000	SH		SOLE		0	0	26,000
CVS Health Corp	COM	126650100	1,405	22,590	SH		SOLE		0	0	22,590
Darling Ingredients Inc	COM	237266101	916	52,925	SH		SOLE		0	0	52,925
Delta Air Lines Inc	COM NEW	247361702	1,630	29,745	SH		SOLE		0	0	29,745
Extended Stay America Inc	UNIT 99/99/9999B	30224P200	1,405	71,065	SH		SOLE		0	0	71,065
Exxon Mobil Corporation	COM	30231G102	856	11,470	SH		SOLE		0	0	11,470
Fiserv, Inc.	COM	337738108	1,847	25,895	SH		SOLE		0	0	25,895
Fs Investment Corporation	COM	302635107	86	11,900	SH		SOLE		0	0	11,900
Gilead Sciences, Inc.	COM	375558103	876	11,617	SH		SOLE		0	0	11,617
Global Payments Inc.	COM	37940X102	1,492	13,380	SH		SOLE		0	0	13,380
Hanesbrands, Inc.	COM	410345102	978	53,080	SH		SOLE		0	0	53,080
Hospitality Properties Trust	COM SH BEN INT	44106M102	867	34,200	SH		SOLE		0	0	34,200
Host Hotels & Resorts, Inc.	COM	44107P104	920	49,350	SH		SOLE		0	0	49,350
Intel Corporation	COM	458140100	1,754	33,679	SH		SOLE		0	0	33,679
Intl Game Tech	SHS USD	G4863A108	843	31,540	SH		SOLE		0	0	31,540
Kla-Tencor Corp	COM	482480100	1,258	11,540	SH		SOLE		0	0	11,540
Legg Mason Incorporated	COM	524901105	2,125	52,283	SH		SOLE		0	0	52,283
Lincoln National Corporation	COM	534187109	1,128	15,435	SH		SOLE		0	0	15,435
Lyondellbasell Industries Nv	SHS - A -	N53745100	2,434	23,035	SH		SOLE		0	0	23,035
Magna International Inc	COM	559222401	1,048	18,595	SH		SOLE		0	0	18,595
Marriott International, Inc.	CL A	571903202	2,086	15,340	SH		SOLE		0	0	15,340
Mylan Nv	SHS EURO	N59465109	549	13,335	SH		SOLE		0	0	13,335
Navient Corp	COM	63938C108	808	61,550	SH		SOLE		0	0	61,550
Old Line Bancshares	COM	67984M100	406	12,312	SH		SOLE		0	0	12,312
Omnicom Group Incorporated	COM	681919106	1,056	14,533	SH		SOLE		0	0	14,533
Pfizer Inc.	COM	717081103	1,125	31,709	SH		SOLE		0	0	31,709
Taylor Morrison Home Corp	CL A	87724P106	243	10,430	SH		SOLE		0	0	10,430
Third Point Reinsurance Ltd	COM	G8827U100	840	60,200	SH		SOLE		0	0	60,200
Trimble Inc	COM	896239100	541	15,070	SH		SOLE		0	0	15,070
Ugi Corporation	COM	902681105	778	17,525	SH		SOLE		0	0	17,525
Greenbrier Companies, Inc.	COM	393657101	202	4,025	SH		SOLE		0	0	4,025
Laboratory Corp of American Holdings	COM NEW	50540R409	207	1,280	SH		SOLE		0	0	1,280
iShares Russell 1000 Growth ETF	RUS 1000 GRW ETF	464287614	216	1,585	SH		SOLE		0	0	1,585
WisdomTree US Total Dividend ETF	US TOTAL DIVIDND	97717W109	226	2,540	SH		SOLE		0	0	2,540
Aramark	COM	03852U106	227	5,730	SH		SOLE		0	0	5,730
PowerShares Emerg Mkts Sov Dbt ETF	SOVEREIGN DEBT	73936T573	229	8,110	SH		SOLE		0	0	8,110
Stryker Corporation	COM	863667101	229	1,425	SH		SOLE		0	0	1,425
Valero Energy Corporation	COM	91913Y100	2,454	26,457	SH		SOLE		0	0	26,457
PowerShares S&P 500 Low Volatility ETF	S&P500 LOW VOL	73937B779	235	5,000	SH		SOLE		0	0	5,000
IQVIA HOLDINGS INC COM	COM	46266C105	244	2,490	SH		SOLE		0	0	2,490
Borgwarner Inc.	COM	099724106	248	4,935	SH		SOLE		0	0	4,935
Vse Corporation	COM	918284100	7,602	146,989	SH		SOLE		0	0	146,989
Walgreens Boots Alliance Inc	COM	931427108	738	11,265	SH		SOLE		0	0	11,265
Target Corporation	COM	87612E106	268	3,865	SH		SOLE		0	0	3,865
Vanguard Small-Cap ETF	SMALL CP ETF	922908751	273	1,860	SH		SOLE		0	0	1,860
Celgene Corporation	COM	151020104	280	3,135	SH		SOLE		0	0	3,135
Sanofi S.A.	SPONSORED ADR	80105N105	289	7,200	SH		SOLE		0	0	7,200
J2 Global Inc	COM	48123V102	294	3,730	SH		SOLE		0	0	3,730
Mastercard, Inc.	CL A	57636Q104	299	1,705	SH		SOLE		0	0	1,705
Western Union Company	COM	959802109	1,080	56,160	SH		SOLE		0	0	56,160
Amc Networks Inc	CL A	00164V103	331	6,395	SH		SOLE		0	0	6,395
Xpo Logistics Inc	COM	983793100	359	3,530	SH		SOLE		0	0	3,530
Moody'S Corporation	COM	615369105	363	2,250	SH		SOLE		0	0	2,250
Danaher Corporation	COM	235851102	365	3,725	SH		SOLE		0	0	3,725
Johnson & Johnson	COM	478160104	391	3,049	SH		SOLE		0	0	3,049
ETFS Physical Silver	SILVER SHS	26922X107	181	11,381	SH		SOLE		0	0	11,381
O'Reilly Automotive, Inc.	COM	67103H107	443	1,790	SH		SOLE		0	0	1,790
Thor Industries Incorporated	COM	885160101	448	3,890	SH		SOLE		0	0	3,890
Qualcomm Incorporated	COM	747525103	462	8,345	SH		SOLE		0	0	8,345
Mckesson Corporation	COM	58155Q103	482	3,425	SH		SOLE		0	0	3,425
Kar Auction Services Incorporation	COM	48238T109	485	8,940	SH		SOLE		0	0	8,940
United Therapeutics Corporatio	COM	91307C102	507	4,510	SH		SOLE		0	0	4,510
Norwegian Cruise Line Holdings	SHS	G66721104	512	9,670	SH		SOLE		0	0	9,670
iShares S&P Mid-Cap 400 Growth ETF	S&P MC 400GR ETF	464287606	2,242	10,271	SH		SOLE		0	0	10,271
iShares Russell Mid Growth ETF	RUS MD CP GR ETF	464287481	560	4,554	SH		SOLE		0	0	4,554
iShares S&P Small-Cap 600 Value ETF	SP SMCP600VL ETF	464287879	3,509	23,261	SH		SOLE		0	0	23,261
PowerShares DB G10 Currency Harvest ETF	COM UT BEN INT	73935Y102	343	14,533	SH		SOLE		0	0	14,533
Novartis Ag	SPONSORED ADR	66987V109	601	7,435	SH		SOLE		0	0	7,435
Discover Financial Services	COM	254709108	614	8,530	SH		SOLE		0	0	8,530
Amerisourcebergen Corporation	COM	03073E105	667	7,740	SH		SOLE		0	0	7,740
Prudential Financial, Incorpor	COM	744320102	693	6,689	SH		SOLE		0	0	6,689
Union Pacific Corporation	COM	907818108	696	5,178	SH		SOLE		0	0	5,178
International Business Machine	COM	459200101	720	4,692	SH		SOLE		0	0	4,692
VanEck Vectors BDC Income ETF	BDC INCOME ETF	92189F411	168	10,348	SH		SOLE		0	0	10,348
Fidelity National Information	COM	31620M106	723	7,505	SH		SOLE		0	0	7,505
Vanguard FTSE Emerg Mkts ETF	FTSE EMR MKT ETF	922042858	5,803	123,524	SH		SOLE		0	0	123,524
Vanguard FTSE Europe ETF	FTSE EUROPE ETF	922042874	7,662	131,759	SH		SOLE		0	0	131,759
iShares S&P Small-Cap 600 Growth ETF	S&P SML 600 GWT	464287887	738	4,243	SH		SOLE		0	0	4,243
Vanguard Large-Cap ETF	LARGE CAP ETF	922908637	2,764	22,800	SH		SOLE		0	0	22,800
Hca Healthcare Inc	COM	40412C101	751	7,740	SH		SOLE		0	0	7,740
Ryman Hospitality Properties I	COM	78377T107	774	9,990	SH		SOLE		0	0	9,990
Vanguard Mid Value ETF	MCAP VL IDXVIP	922908512	5,565	50,875	SH		SOLE		0	0	50,875
Vanguard Mid-Cap ETF	MID CAP ETF	922908629	2,525	16,375	SH		SOLE		0	0	16,375
Constellation Brands, Inc.	CL A	21036P108	961	4,215	SH		SOLE		0	0	4,215
S&P Global Inc	COM	78409V104	1,106	5,789	SH		SOLE		0	0	5,789
Apple Inc.	COM	037833100	1,182	7,045	SH		SOLE		0	0	7,045
Broadcom Ltd	SHS	11135F101	1,273	5,402	SH		SOLE		0	0	5,402
Accenture Plc	SHS CLASS A	G1151C101	1,308	8,518	SH		SOLE		0	0	8,518
Lear Corporation	COM NEW	521865204	1,319	7,090	SH		SOLE		0	0	7,090
Amgen Inc.	COM	031162100	1,324	7,769	SH		SOLE		0	0	7,769
Norfolk Southern Corporation	COM	655844108	1,356	9,990	SH		SOLE		0	0	9,990
United Rentals, Inc.	COM	911363109	1,433	8,297	SH		SOLE		0	0	8,297