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
Expires:	Oct 31, 2018
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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
Stryker Corporation	COM	863667101	311	1,271	SH		SOLE		0	0	1,271
Microsoft Corporation	COM	594918104	221	995	SH		SOLE		0	0	995
Lam Research Corp	COM	512807108	280	593	SH		SOLE		0	0	593
Capital Bancorp Inc MD	COM	139737100	593	42,543	SH		SOLE		0	0	42,543
Penn National Gaming, Inc.	COM	707569109	621	7,190	SH		SOLE		0	0	7,190
Danaher Corporation	COM	235851102	353	1,590	SH		SOLE		0	0	1,590
Global Payments Inc.	COM	37940X102	536	2,487	SH		SOLE		0	0	2,487
Moody'S Corporation	COM	615369105	457	1,575	SH		SOLE		0	0	1,575
Lincoln National Corporation	COM	534187109	251	4,990	SH		SOLE		0	0	4,990
Csx Corporation	COM	126408103	255	2,808	SH		SOLE		0	0	2,808
Fidelity National Information	COM	31620M106	332	2,348	SH		SOLE		0	0	2,348
Darling Ingredients Inc	COM	237266101	789	13,685	SH		SOLE		0	0	13,685
Dell Technologies Inc	CL C	24703L202	204	2,790	SH		SOLE		0	0	2,790
Seagate Technology	SHS	G7945M107	294	4,725	SH		SOLE		0	0	4,725
Texas Instruments Incorporated	COM	882508104	351	2,136	SH		SOLE		0	0	2,136
World Wrestling Entertainment Inc	CL A	98156Q108	228	4,755	SH		SOLE		0	0	4,755
Huntington Bancshares Inc.	COM	446150104	194	15,350	SH		SOLE		0	0	15,350
Ugi Corporation	COM	902681105	205	5,855	SH		SOLE		0	0	5,855
Verizon Communications	COM	92343V104	360	6,121	SH		SOLE		0	0	6,121
Oracle Corporation	COM	68389X105	313	4,845	SH		SOLE		0	0	4,845
Target Corporation	COM	87612E106	616	3,490	SH		SOLE		0	0	3,490
Metlife, Inc.	COM	59156R108	268	5,715	SH		SOLE		0	0	5,715
Roper Technologies	COM	776696106	378	877	SH		SOLE		0	0	877
Fiserv, Inc.	COM	337738108	753	6,615	SH		SOLE		0	0	6,615
Sandy Spring Bancorp, Inc.	COM	800363103	406	12,622	SH		SOLE		0	0	12,622
Gilead Sciences, Inc.	COM	375558103	207	3,550	SH		SOLE		0	0	3,550
Allison Transmission Holdings	COM	01973R101	245	5,680	SH		SOLE		0	0	5,680
Novartis Ag	SPONSORED ADR	66987V109	332	3,518	SH		SOLE		0	0	3,518
Exxon Mobil Corporation	COM	30231G102	294	7,127	SH		SOLE		0	0	7,127
Steelcase Inc	CL A	858155203	334	24,670	SH		SOLE		0	0	24,670
Discover Financial Services	COM	254709108	488	5,385	SH		SOLE		0	0	5,385
Sterling Bancorp	COM	85917A100	290	16,140	SH		SOLE		0	0	16,140
Tyson Foods, Inc.	CL A	902494103	345	5,360	SH		SOLE		0	0	5,360
Fleetcor Technologies Inc	COM	339041105	435	1,595	SH		SOLE		0	0	1,595
Progress Software Corp	COM	743312100	378	8,370	SH		SOLE		0	0	8,370
Comcast Corporation	CL A	20030N101	479	9,148	SH		SOLE		0	0	9,148
Delta Air Lines Inc	COM NEW	247361702	306	7,615	SH		SOLE		0	0	7,615
CSG Systems Intl Inc	COM	126349109	365	8,105	SH		SOLE		0	0	8,105
Viacomcbs Inc	CL B	92556H206	386	10,370	SH		SOLE		0	0	10,370
Kraft Heinz Co	COM	500754106	351	10,130	SH		SOLE		0	0	10,130
O'Reilly Automotive, Inc.	COM	67103H107	974	2,152	SH		SOLE		0	0	2,152
WW International Inc	COM	98262P101	439	18,000	SH		SOLE		0	0	18,000
Apple Inc.	COM	037833100	2,892	21,792	SH		SOLE		0	0	21,792
Taylor Morrison Home Corp	COM	87724P106	511	19,930	SH		SOLE		0	0	19,930
Navient Corp	COM	63938C108	443	45,070	SH		SOLE		0	0	45,070
Medpace Holdings Inc	COM	58506Q109	704	5,060	SH		SOLE		0	0	5,060
Biogen Inc	COM	09062X103	400	1,635	SH		SOLE		0	0	1,635
Deluxe Corporation	COM	248019101	493	16,870	SH		SOLE		0	0	16,870
Cadence Bancorp	CL A	12739A100	476	28,975	SH		SOLE		0	0	28,975
Autonation, Inc.	COM	05329W102	619	8,865	SH		SOLE		0	0	8,865
Werner Enterprises Inc	COM	950755108	585	14,925	SH		SOLE		0	0	14,925
Molson Coors Beverages Co B	CL B	60871R209	638	14,116	SH		SOLE		0	0	14,116
Altria Group, Inc.	COM	02209S103	592	14,440	SH		SOLE		0	0	14,440
Cboe Global Mkts Inc	COM	12503M108	601	6,450	SH		SOLE		0	0	6,450
Generac Holding, Inc.	COM	368736104	2,271	9,985	SH		SOLE		0	0	9,985
Rent A Center Inc	COM	76009N100	705	18,405	SH		SOLE		0	0	18,405
Brighthouse Financial Inc	COM	10922N103	660	18,225	SH		SOLE		0	0	18,225
Unum Group	COM	91529Y106	869	37,900	SH		SOLE		0	0	37,900
Cisco Systems Incorporated	COM	17275R102	938	20,964	SH		SOLE		0	0	20,964
Lyondellbasell Industries Nv	SHS - A -	N53745100	676	7,380	SH		SOLE		0	0	7,380
Pra Health Sciences	COM	69354M108	881	7,022	SH		SOLE		0	0	7,022
Amgen Inc.	COM	031162100	994	4,325	SH		SOLE		0	0	4,325
Booking Holdings Inc	COM	09857L108	871	391	SH		SOLE		0	0	391
Johnson & Johnson	COM	478160104	1,044	6,632	SH		SOLE		0	0	6,632
Union Pacific Corporation	COM	907818108	1,159	5,564	SH		SOLE		0	0	5,564
Hca Healthcare Inc	COM	40412C101	1,315	7,993	SH		SOLE		0	0	7,993
Hanesbrands, Inc.	COM	410345102	724	49,627	SH		SOLE		0	0	49,627
Vistra Energy Corp	COM	92840M102	782	39,800	SH		SOLE		0	0	39,800
Norfolk Southern Corporation	COM	655844108	1,665	7,006	SH		SOLE		0	0	7,006
Accenture Plc	SHS CLASS A	G1151C101	1,740	6,663	SH		SOLE		0	0	6,663
International Business Machine	COM	459200101	735	5,840	SH		SOLE		0	0	5,840
Arbor Realty Trust	COM	038923108	820	57,835	SH		SOLE		0	0	57,835
Merck & Co. , Inc.	COM	58933Y105	843	10,303	SH		SOLE		0	0	10,303
Regeneron Pharmaceuticals Inc	COM	75886F107	1,100	2,276	SH		SOLE		0	0	2,276
Broadcom Ltd	COM	11135F101	1,806	4,125	SH		SOLE		0	0	4,125
CVS Health Corp	COM	126650100	882	12,910	SH		SOLE		0	0	12,910
Extended Stay America Inc	UNIT 99/99/9999B	30224P200	905	61,085	SH		SOLE		0	0	61,085
Aes Corp	COM	00130H105	1,734	73,777	SH		SOLE		0	0	73,777
SLM Corp	COM	78442P106	1,218	98,308	SH		SOLE		0	0	98,308
Valero Energy Corporation	COM	91913Y100	786	13,892	SH		SOLE		0	0	13,892
Jazz Pharmaceutical	SHS USD	G50871105	1,201	7,275	SH		SOLE		0	0	7,275
United Rentals, Inc.	COM	911363109	1,958	8,445	SH		SOLE		0	0	8,445
Amerisourcebergen Corporation	COM	03073E105	1,015	10,380	SH		SOLE		0	0	10,380
Mastercard, Inc.	CL A	57636Q104	1,789	5,013	SH		SOLE		0	0	5,013
Lear Corporation	COM NEW	521865204	1,400	8,803	SH		SOLE		0	0	8,803
Cummins Inc.	COM	231021106	1,549	6,820	SH		SOLE		0	0	6,820
Pfizer Inc.	COM	717081103	1,236	33,584	SH		SOLE		0	0	33,584
CBRE Group Inc- A	CL A	12504L109	1,645	26,230	SH		SOLE		0	0	26,230
Arrow Electronics Inc	COM	042735100	1,787	18,370	SH		SOLE		0	0	18,370
Amc Networks Inc	CL A	00164V103	1,187	33,190	SH		SOLE		0	0	33,190
Kla-Tencor Corp	COM NEW	482480100	3,003	11,597	SH		SOLE		0	0	11,597
Equitable Holdings Inc	COM	29452E101	1,609	62,864	SH		SOLE		0	0	62,864
Alphabet Inc	CAP STK CL A	02079K305	2,187	1,248	SH		SOLE		0	0	1,248
Bristol-Myers Squibb Company	COM	110122108	1,609	25,932	SH		SOLE		0	0	25,932
Magna International Inc	COM	559222401	2,214	31,272	SH		SOLE		0	0	31,272
At&T Inc.	COM	00206R102	1,455	50,607	SH		SOLE		0	0	50,607
Restaurant Brands International Inc.	COM	76131D103	1,629	26,660	SH		SOLE		0	0	26,660
S&P Global Inc	COM	78409V104	2,573	7,826	SH		SOLE		0	0	7,826
Onemain Holdings Inc	COM	68268W103	2,196	45,598	SH		SOLE		0	0	45,598
Vse Corporation	COM	918284100	6,325	164,333	SH		SOLE		0	0	164,333
Western Union Company	COM	959802109	2,196	100,095	SH		SOLE		0	0	100,095
Cdw Corp	COM	12514G108	3,247	24,635	SH		SOLE		0	0	24,635
Borgwarner Inc.	COM	099724106	2,266	58,651	SH		SOLE		0	0	58,651
Walgreens Boots Alliance Inc	COM	931427108	1,705	42,765	SH		SOLE		0	0	42,765
J2 Global Inc	COM	48123V102	2,980	30,508	SH		SOLE		0	0	30,508
Abbvie Inc	COM	00287Y109	3,985	37,190	SH		SOLE		0	0	37,190
Intel Corporation	COM	458140100	3,373	67,707	SH		SOLE		0	0	67,707
Omnicom Group Incorporated	COM	681919106	3,397	54,469	SH		SOLE		0	0	54,469
iShares Russell 1000 ETF	RUS 1000 ETF	464287622	325	1,534	SH		SOLE		0	0	1,534
iShares Russell Mid Growth ETF	RUS MD CP GR ETF	464287481	239	2,332	SH		SOLE		0	0	2,332
Vanguard REIT ETF	REAL ESTATE ETF	922908553	204	2,400	SH		SOLE		0	0	2,400
Technology Select Sector SPDR ETF	TECHNOLOGY	81369Y803	249	1,913	SH		SOLE		0	0	1,913
iShares S&P Mid-Cap 400 Growth ETF	S&P MC 400GR ETF	464287606	215	2,973	SH		SOLE		0	0	2,973
Vanguard Small-Cap ETF	SMALL CP ETF	922908751	544	2,796	SH		SOLE		0	0	2,796
Vanguard Total Stock Mkt ETF	TOTAL STK MKT	922908769	477	2,452	SH		SOLE		0	0	2,452
Vanguard FTSE Europe ETF	FTSE EUROPE ETF	922042874	506	8,402	SH		SOLE		0	0	8,402
SPDR Gold Minishares ETV	SPDR GLD MINIS	98149E204	466	24,590	SH		SOLE		0	0	24,590
Ishares Residential REITs ETF	RESIDNL REAL EST	464288562	426	6,280	SH		SOLE		0	0	6,280
iShares Russell 1000 Growth ETF	RUS 1000 GRW ETF	464287614	1,387	5,750	SH		SOLE		0	0	5,750
FlexShares Global Upstream Natural Resources Index ETF	MORNSTAR UPSTR	33939L407	474	14,575	SH		SOLE		0	0	14,575
PowerShares S&P 500 Low Volatility ETF	S&P500 LOW VOL	46138E354	1,046	18,600	SH		SOLE		0	0	18,600
WisdomTree US Total Dividend ETF	US TOTAL DIVIDND	97717W109	1,346	12,840	SH		SOLE		0	0	12,840
Vanguard Mid-Cap ETF	MID CAP ETF	922908629	3,454	16,703	SH		SOLE		0	0	16,703
Vanguard Large-Cap ETF	LARGE CAP ETF	922908637	3,990	22,702	SH		SOLE		0	0	22,702
FlexShares iBoxx 5 Yr Target Duration TIPS Index	IBOXX 5YR TRGT	33939L605	1,657	59,580	SH		SOLE		0	0	59,580
JPMorgan Ultra Short Income ETF	ULTRA SHRT INC	46641Q837	4,081	80,342	SH		SOLE		0	0	80,342