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

OMB APPROVAL

OMB Number:		3235-0006
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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
Westlake Chemical Co	COM	960413102	316	4,550	SH		SOLE		0	0	4,550
Western Union Company	COM	959802109	736	37,005	SH		SOLE		0	0	37,005
Walgreens Boots Alliance Inc	COM	931427108	1,166	21,322	SH		SOLE		0	0	21,322
Vse Corporation	COM	918284100	4,586	159,833	SH		SOLE		0	0	159,833
Verizon Communications	COM	92343V104	283	4,953	SH		SOLE		0	0	4,953
Valero Energy Corporation	COM	91913Y100	2,426	28,334	SH		SOLE		0	0	28,334
United Rentals, Inc.	COM	911363109	1,040	7,840	SH		SOLE		0	0	7,840
Union Pacific Corporation	COM	907818108	806	4,767	SH		SOLE		0	0	4,767
Ugi Corporation	COM	902681105	785	14,695	SH		SOLE		0	0	14,695
Tyson Foods, Inc.	CL A	902494103	252	3,125	SH		SOLE		0	0	3,125
Total Systems Services Inc	COM	891906109	530	4,130	SH		SOLE		0	0	4,130
Texas Instruments Incorporated	COM	882508104	258	2,248	SH		SOLE		0	0	2,248
Taylor Morrison Home Corp	CL A	87724P106	368	17,535	SH		SOLE		0	0	17,535
Target Corporation	COM	87612E106	321	3,710	SH		SOLE		0	0	3,710
Stryker Corporation	COM	863667101	270	1,315	SH		SOLE		0	0	1,315
Sterling Bancorp	COM	85917A100	628	29,505	SH		SOLE		0	0	29,505
SLM Corp	COM	78442P106	641	65,910	SH		SOLE		0	0	65,910
Seagate Technology	SHS	G7945M107	304	6,445	SH		SOLE		0	0	6,445
S&P Global Inc	COM	78409V104	1,903	8,353	SH		SOLE		0	0	8,353
Ryman Hospitality Properties I	COM	78377T107	659	8,125	SH		SOLE		0	0	8,125
Roper Technologies	COM	776696106	693	1,892	SH		SOLE		0	0	1,892
Revere Bank	0	761402106	315	11,354	SH		SOLE		0	0	11,354
Restaurant Brands International Inc.	COM	76131D103	1,371	19,710	SH		SOLE		0	0	19,710
Regeneron Pharmaceuticals Inc	COM	75886F107	546	1,743	SH		SOLE		0	0	1,743
Prudential Financial, Incorpor	COM	744320102	904	8,950	SH		SOLE		0	0	8,950
Premier Inc	CL A	74051N102	223	5,695	SH		SOLE		0	0	5,695
Pra Health Sciences	COM	69354M108	1,049	10,582	SH		SOLE		0	0	10,582
Planet Fitness Inc	CL A	72703H101	329	4,545	SH		SOLE		0	0	4,545
Pfizer Inc.	COM	717081103	1,545	35,674	SH		SOLE		0	0	35,674
O'Reilly Automotive, Inc.	COM	67103H107	651	1,762	SH		SOLE		0	0	1,762
Omnicom Group Incorporated	COM	681919106	1,689	20,608	SH		SOLE		0	0	20,608
Novartis Ag	SPONSORED ADR	66987V109	377	4,130	SH		SOLE		0	0	4,130
Norwegian Cruise Line Holdings	SHS	G66721104	1,150	21,445	SH		SOLE		0	0	21,445
Norfolk Southern Corporation	COM	655844108	1,570	7,876	SH		SOLE		0	0	7,876
Newmark Group Inc Class A	CL A	65158N102	125	13,891	SH		SOLE		0	0	13,891
Navient Corp	COM	63938C108	231	16,925	SH		SOLE		0	0	16,925
Moody'S Corporation	COM	615369105	312	1,595	SH		SOLE		0	0	1,595
Metlife, Inc.	COM	59156R108	252	5,082	SH		SOLE		0	0	5,082
Merck & Co. , Inc.	COM	58933Y105	226	2,692	SH		SOLE		0	0	2,692
Mastercard, Inc.	CL A	57636Q104	1,301	4,920	SH		SOLE		0	0	4,920
Marriott International, Inc.	CL A	571903202	2,010	14,330	SH		SOLE		0	0	14,330
Magna International Inc	COM	559222401	1,504	30,255	SH		SOLE		0	0	30,255
Lyondellbasell Industries Nv	SHS - A -	N53745100	1,378	15,998	SH		SOLE		0	0	15,998
Lincoln National Corporation	COM	534187109	826	12,810	SH		SOLE		0	0	12,810
Legg Mason Incorporated	COM	524901105	860	22,470	SH		SOLE		0	0	22,470
Lear Corporation	COM NEW	521865204	876	6,288	SH		SOLE		0	0	6,288
Kraft Heinz Co	COM	500754106	455	14,665	SH		SOLE		0	0	14,665
Kla-Tencor Corp	COM	482480100	1,821	15,405	SH		SOLE		0	0	15,405
Kar Auction Services Incorporation	COM	48238T109	356	14,240	SH		SOLE		0	0	14,240
Johnson & Johnson	COM	478160104	574	4,120	SH		SOLE		0	0	4,120
Jazz Pharmaceutical	SHS	G50871105	286	2,005	SH		SOLE		0	0	2,005
J2 Global Inc	COM	48123V102	886	9,968	SH		SOLE		0	0	9,968
IQVIA HOLDINGS INC COM	COM	46266C105	316	1,965	SH		SOLE		0	0	1,965
International Business Machine	COM	459200101	1,051	7,625	SH		SOLE		0	0	7,625
Intel Corporation	COM	458140100	1,686	35,217	SH		SOLE		0	0	35,217
IAA Inc	COM	449253103	552	14,240	SH		SOLE		0	0	14,240
Huntington Bancshares Inc.	COM	446150104	326	23,570	SH		SOLE		0	0	23,570
Host Hotels & Resorts, Inc.	COM	44107P104	495	27,155	SH		SOLE		0	0	27,155
Hospitality Properties Trust	COM SH BEN INT	44106M102	794	31,770	SH		SOLE		0	0	31,770
Hca Healthcare Inc	COM	40412C101	1,138	8,420	SH		SOLE		0	0	8,420
Hanesbrands, Inc.	COM	410345102	253	14,675	SH		SOLE		0	0	14,675
Global Payments Inc.	COM	37940X102	762	4,756	SH		SOLE		0	0	4,756
Gilead Sciences, Inc.	COM	375558103	278	4,113	SH		SOLE		0	0	4,113
Generac Holding, Inc.	COM	368736104	908	13,080	SH		SOLE		0	0	13,080
Fleetcor Technologies Inc	COM	339041105	556	1,980	SH		SOLE		0	0	1,980
Fiserv, Inc.	COM	337738108	1,937	21,252	SH		SOLE		0	0	21,252
Fidelity National Information	COM	31620M106	1,034	8,425	SH		SOLE		0	0	8,425
Exxon Mobil Corporation	COM	30231G102	682	8,900	SH		SOLE		0	0	8,900
Extended Stay America Inc	UNIT 99/99/9999B	30224P200	1,296	76,745	SH		SOLE		0	0	76,745
Discover Financial Services	COM	254709108	1,335	17,200	SH		SOLE		0	0	17,200
Delta Air Lines Inc	COM NEW	247361702	1,160	20,440	SH		SOLE		0	0	20,440
Darling Ingredients Inc	COM	237266101	353	17,735	SH		SOLE		0	0	17,735
Danaher Corporation	COM	235851102	294	2,055	SH		SOLE		0	0	2,055
CVS Health Corp	COM	126650100	1,083	19,870	SH		SOLE		0	0	19,870
Cummins Inc.	COM	231021106	789	4,605	SH		SOLE		0	0	4,605
Constellation Brands, Inc.	CL A	21036P108	832	4,227	SH		SOLE		0	0	4,227
Cisco Systems Incorporated	COM	17275R102	1,049	19,172	SH		SOLE		0	0	19,172
China Mobile Ltd ADR	SPONSORED ADR	16941M109	387	8,540	SH		SOLE		0	0	8,540
Cdw Corp	COM	12514G108	1,747	15,735	SH		SOLE		0	0	15,735
CBRE Group Inc- A	CL A	12504L109	1,096	21,355	SH		SOLE		0	0	21,355
Capital Bancorp Inc MD	COM	139737100	876	71,253	SH		SOLE		0	0	71,253
Cal Maine Foods, Inc.	COM NEW	128030202	242	5,800	SH		SOLE		0	0	5,800
Cadence Bancorp	CL A	12739A100	236	11,350	SH		SOLE		0	0	11,350
Broadcom Ltd	COM	11135F101	2,626	9,121	SH		SOLE		0	0	9,121
Bristol-Myers Squibb Company	COM	110122108	692	15,250	SH		SOLE		0	0	15,250
Borgwarner Inc.	COM	099724106	928	22,115	SH		SOLE		0	0	22,115
Booking Holdings Inc	COM	09857L108	555	296	SH		SOLE		0	0	296
At&T Inc.	COM	00206R102	373	11,125	SH		SOLE		0	0	11,125
Astrazeneca Plc	SPONSORED ADR	046353108	247	5,980	SH		SOLE		0	0	5,980
Apple Inc.	COM	037833100	1,193	6,026	SH		SOLE		0	0	6,026
Amgen Inc.	COM	031162100	1,389	7,538	SH		SOLE		0	0	7,538
Amerisourcebergen Corporation	COM	03073E105	334	3,913	SH		SOLE		0	0	3,913
Amerigas Partners, L Lp	UNIT L P INT	030975106	233	6,700	SH		SOLE		0	0	6,700
Amc Networks Inc	CL A	00164V103	473	8,688	SH		SOLE		0	0	8,688
Alphabet Inc	CAP STK CL A	02079K305	1,196	1,104	SH		SOLE		0	0	1,104
Allison Transmission Holdings	COM	01973R101	615	13,273	SH		SOLE		0	0	13,273
Aes Corp	COM	00130H105	1,705	101,740	SH		SOLE		0	0	101,740
Accenture Plc	SHS CLASS A	G1151C101	1,316	7,120	SH		SOLE		0	0	7,120
Abbvie Inc	COM	00287Y109	2,356	32,394	SH		SOLE		0	0	32,394
WisdomTree US Total Dividend ETF	US TOTAL DIVIDND	97717W109	1,442	14,840	SH		SOLE		0	0	14,840
Vanguard Small-Cap ETF	SMALL CP ETF	922908751	403	2,575	SH		SOLE		0	0	2,575
Vanguard REIT ETF	REAL ESTATE ETF	922908553	210	2,400	SH		SOLE		0	0	2,400
Vanguard Mid-Cap ETF	MID CAP ETF	922908629	2,789	16,684	SH		SOLE		0	0	16,684
Vanguard Mid Value ETF	MCAP VL IDXVIP	922908512	463	4,158	SH		SOLE		0	0	4,158
Vanguard Large-Cap ETF	LARGE CAP ETF	922908637	3,075	22,826	SH		SOLE		0	0	22,826
Vanguard FTSE Europe ETF	FTSE EUROPE ETF	922042874	8,720	158,842	SH		SOLE		0	0	158,842
SPDR Gold Minishares ETV	SPDR LNG DLR GLD	98149E204	258	18,332	SH		SOLE		0	0	18,332
PowerShares S&P 500 Low Volatility ETF	S&P500 LOW VOL	46138E354	1,199	21,800	SH		SOLE		0	0	21,800
JPMorgan Ultra Short Income ETF	ULTRA SHRT INC	46641Q837	2,162	42,897	SH		SOLE		0	0	42,897
iShares S&P Small-Cap 600 Value ETF	SP SMCP600VL ETF	464287879	260	1,749	SH		SOLE		0	0	1,749
iShares S&P Mid-Cap 400 Growth ETF	S&P MC 400GR ETF	464287606	224	991	SH		SOLE		0	0	991
iShares Russell 1000 Growth ETF	RUS 1000 GRW ETF	464287614	1,141	7,250	SH		SOLE		0	0	7,250
Ishares Residential REITs ETF	RESIDNL REAL EST	464288562	244	3,347	SH		SOLE		0	0	3,347
FlexShares iBoxx 5-Yr Target Duration TIPS Index	IBOXX 5YR TRGT	33939L605	966	37,854	SH		SOLE		0	0	37,854
FlexShares Global Upstream Natural Resources Index ETF	MORNSTAR UPSTR	33939L407	248	7,504	SH		SOLE		0	0	7,504