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
Estimated average burden
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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
Basanite Inc	COM	70438T101	7	31,000	SH		SOLE		0	0	31,000
Stryker Corporation	COM	863667101	279	1,146	SH		SOLE		0	0	1,146
Sangoma Technologies	COM	80100R101	65	19,500	SH		SOLE		0	0	19,500
Penn National Gaming, Inc.	COM	707569109	473	4,515	SH		SOLE		0	0	4,515
Lincoln National Corporation	COM	534187109	213	3,415	SH		SOLE		0	0	3,415
Lam Research Corp	COM	512807108	353	593	SH		SOLE		0	0	593
Capital Bancorp Inc MD	COM	168565109	810	41,993	SH		SOLE		0	0	41,993
Danaher Corporation	COM	235851102	350	1,555	SH		SOLE		0	0	1,555
Microsoft Corporation	COM	594918104	235	995	SH		SOLE		0	0	995
Global Payments Inc.	COM	37940X102	479	2,377	SH		SOLE		0	0	2,377
Texas Pacific Land Trust	COM	88262P102	286	180	SH		SOLE		0	0	180
Truist Financial Corp	COM	89832Q109	212	3,641	SH		SOLE		0	0	3,641
Moody'S Corporation	COM	615369105	470	1,575	SH		SOLE		0	0	1,575
Darling Ingredients Inc	COM	237266101	854	11,610	SH		SOLE		0	0	11,610
Roper Technologies	COM	776696106	233	577	SH		SOLE		0	0	577
Csx Corporation	COM	126408103	271	2,808	SH		SOLE		0	0	2,808
Fidelity National Information	COM	31620M106	317	2,258	SH		SOLE		0	0	2,258
Booking Holdings Inc	COM	09857L108	252	108	SH		SOLE		0	0	108
At Home Group Inc	COM	04650Y100	223	7,770	SH		SOLE		0	0	7,770
Seagate Technology	SHS	G7945M107	363	4,725	SH		SOLE		0	0	4,725
Huntington Bancshares Inc.	COM	446150104	223	14,175	SH		SOLE		0	0	14,175
Texas Instruments Incorporated	COM	882508104	404	2,136	SH		SOLE		0	0	2,136
Chevron Corporation	COM NEW	166764100	222	2,123	SH		SOLE		0	0	2,123
Discover Financial Services	COM	254709108	380	4,000	SH		SOLE		0	0	4,000
Gilead Sciences, Inc.	COM	375558103	202	3,125	SH		SOLE		0	0	3,125
Verizon Communications	COM	92343V104	317	5,453	SH		SOLE		0	0	5,453
Group 1 Automotive Inc	COM	398905109	284	1,800	SH		SOLE		0	0	1,800
Ugi Corporation	COM	902681105	240	5,855	SH		SOLE		0	0	5,855
Oracle Corporation	COM	68389X105	340	4,845	SH		SOLE		0	0	4,845
Sterling Bancorp	COM	85917A100	285	12,390	SH		SOLE		0	0	12,390
Metlife, Inc.	COM	59156R108	344	5,665	SH		SOLE		0	0	5,665
Fiserv, Inc.	COM	337738108	772	6,485	SH		SOLE		0	0	6,485
Target Corporation	COM	87612E106	691	3,490	SH		SOLE		0	0	3,490
Delta Air Lines Inc	COM NEW	247361702	262	5,435	SH		SOLE		0	0	5,435
Sandy Spring Bancorp, Inc.	COM	800363103	548	12,622	SH		SOLE		0	0	12,622
Dell Technologies Inc	CL C	24703L202	320	3,630	SH		SOLE		0	0	3,630
Novartis Ag	SPONSORED ADR	66987V109	301	3,518	SH		SOLE		0	0	3,518
Exxon Mobil Corporation	COM	30231G102	398	7,127	SH		SOLE		0	0	7,127
Nexstar Media Group Inc	CL A	65336K103	300	2,134	SH		SOLE		0	0	2,134
CACI International Inc	CL A	127190304	295	1,195	SH		SOLE		0	0	1,195
Steelcase Inc	CL A	858155203	374	25,995	SH		SOLE		0	0	25,995
World Wrestling Entertainment Inc	CL A	98156Q108	367	6,760	SH		SOLE		0	0	6,760
Atlas Air Worldwide Holdings Inc	COM NEW	049164205	348	5,765	SH		SOLE		0	0	5,765
Fleetcor Technologies Inc	COM	339041105	428	1,595	SH		SOLE		0	0	1,595
Tyson Foods, Inc.	CL A	902494103	426	5,735	SH		SOLE		0	0	5,735
Comcast Corporation	CL A	20030N101	485	8,958	SH		SOLE		0	0	8,958
Viacomcbs Inc	CL B	92556H206	454	10,070	SH		SOLE		0	0	10,070
J M Smucker Co	COM NEW	832696405	383	3,025	SH		SOLE		0	0	3,025
Kraft Heinz Co	COM	500754106	407	10,175	SH		SOLE		0	0	10,175
O'Reilly Automotive, Inc.	COM	67103H107	1,120	2,207	SH		SOLE		0	0	2,207
Apple Inc.	COM	037833100	2,632	21,547	SH		SOLE		0	0	21,547
Taylor Morrison Home Corp	COM	87724P106	602	19,530	SH		SOLE		0	0	19,530
Progress Software Corp	COM	743312100	456	10,350	SH		SOLE		0	0	10,350
Pra Health Sciences	COM	69354M108	651	4,245	SH		SOLE		0	0	4,245
WW International Inc	COM	98262P101	597	19,085	SH		SOLE		0	0	19,085
Federated Hermes Inc	CL B	314211103	467	14,915	SH		SOLE		0	0	14,915
Navient Corp	COM	63938C108	650	45,425	SH		SOLE		0	0	45,425
Generac Holding, Inc.	COM	368736104	2,384	7,280	SH		SOLE		0	0	7,280
Cadence Bancorp	CL A	12739A100	547	26,375	SH		SOLE		0	0	26,375
Biogen Inc	COM	09062X103	469	1,675	SH		SOLE		0	0	1,675
Medpace Holdings Inc	COM	58506Q109	861	5,250	SH		SOLE		0	0	5,250
Deluxe Corporation	COM	248019101	756	18,010	SH		SOLE		0	0	18,010
Sprouts Farmers Market Inc	COM	85208M102	594	22,315	SH		SOLE		0	0	22,315
Autonation, Inc.	COM	05329W102	867	9,305	SH		SOLE		0	0	9,305
Lyondellbasell Industries Nv	SHS - A -	N53745100	651	6,260	SH		SOLE		0	0	6,260
Brighthouse Financial Inc	COM	10922N103	731	16,525	SH		SOLE		0	0	16,525
Altria Group, Inc.	COM	02209S103	762	14,900	SH		SOLE		0	0	14,900
Polaris Industries	COM	731068102	659	4,940	SH		SOLE		0	0	4,940
Werner Enterprises Inc	COM	950755108	813	17,245	SH		SOLE		0	0	17,245
Unum Group	COM	91529Y106	1,048	37,650	SH		SOLE		0	0	37,650
Cisco Systems Incorporated	COM	17275R102	1,084	20,964	SH		SOLE		0	0	20,964
Hca Healthcare Inc	COM	40412C101	1,411	7,493	SH		SOLE		0	0	7,493
Amgen Inc.	COM	031162100	1,076	4,325	SH		SOLE		0	0	4,325
Union Pacific Corporation	COM	907818108	1,187	5,384	SH		SOLE		0	0	5,384
Cboe Global Mkts Inc	COM	12503M108	771	7,810	SH		SOLE		0	0	7,810
Norfolk Southern Corporation	COM	655844108	1,700	6,331	SH		SOLE		0	0	6,331
Hanesbrands, Inc.	COM	410345102	976	49,627	SH		SOLE		0	0	49,627
Rent A Center Inc	COM	76009N100	1,204	20,885	SH		SOLE		0	0	20,885
Extended Stay America Inc	UNIT 99/99/9999B	30224P200	985	49,860	SH		SOLE		0	0	49,860
Johnson & Johnson	COM	478160104	1,118	6,802	SH		SOLE		0	0	6,802
Molson Coors Beverages Co B	CL B	60871R209	923	18,039	SH		SOLE		0	0	18,039
International Business Machine	COM	459200101	772	5,790	SH		SOLE		0	0	5,790
Accenture Plc	SHS CLASS A	G1151C101	1,813	6,563	SH		SOLE		0	0	6,563
Arbor Realty Trust	COM	038923108	910	57,235	SH		SOLE		0	0	57,235
Broadcom Ltd	COM	11135F101	1,894	4,084	SH		SOLE		0	0	4,084
United Rentals, Inc.	COM	911363109	2,523	7,660	SH		SOLE		0	0	7,660
Regeneron Pharmaceuticals Inc	COM	75886F107	1,135	2,398	SH		SOLE		0	0	2,398
Valero Energy Corporation	COM	91913Y100	941	13,140	SH		SOLE		0	0	13,140
Aes Corp	COM	00130H105	1,877	70,012	SH		SOLE		0	0	70,012
CVS Health Corp	COM	126650100	972	12,925	SH		SOLE		0	0	12,925
SLM Corp	COM	78442P106	1,755	97,683	SH		SOLE		0	0	97,683
Merck & Co. , Inc.	COM	58933Y105	921	11,943	SH		SOLE		0	0	11,943
Mastercard, Inc.	CL A	57636Q104	1,667	4,683	SH		SOLE		0	0	4,683
Vistra Energy Corp	COM	92840M102	887	50,145	SH		SOLE		0	0	50,145
Lear Corporation	COM NEW	521865204	1,564	8,628	SH		SOLE		0	0	8,628
Jazz Pharmaceutical	SHS USD	G50871105	1,276	7,765	SH		SOLE		0	0	7,765
Cummins Inc.	COM	231021106	1,744	6,731	SH		SOLE		0	0	6,731
Pfizer Inc.	COM	717081103	1,210	33,384	SH		SOLE		0	0	33,384
Amerisourcebergen Corporation	COM	03073E105	1,383	11,710	SH		SOLE		0	0	11,710
CBRE Group Inc- A	CL A	12504L109	2,079	26,280	SH		SOLE		0	0	26,280
Arrow Electronics Inc	COM	042735100	2,081	18,780	SH		SOLE		0	0	18,780
Amc Networks Inc	CL A	00164V103	1,764	33,190	SH		SOLE		0	0	33,190
Kla-Tencor Corp	COM NEW	482480100	3,805	11,517	SH		SOLE		0	0	11,517
CSG Systems Intl Inc	COM	126349109	1,369	30,500	SH		SOLE		0	0	30,500
Alphabet Inc	CAP STK CL A	02079K305	2,574	1,248	SH		SOLE		0	0	1,248
Magna International Inc	COM	559222401	2,744	31,167	SH		SOLE		0	0	31,167
At&T Inc.	COM	00206R102	1,586	52,382	SH		SOLE		0	0	52,382
Restaurant Brands International Inc.	COM	76131D103	1,726	26,550	SH		SOLE		0	0	26,550
S&P Global Inc	COM	78409V104	2,769	7,846	SH		SOLE		0	0	7,846
Bristol-Myers Squibb Company	COM	110122108	1,911	30,267	SH		SOLE		0	0	30,267
Equitable Holdings Inc	COM	29452E101	2,489	76,299	SH		SOLE		0	0	76,299
Onemain Holdings Inc	COM	68268W103	2,734	50,888	SH		SOLE		0	0	50,888
Vse Corporation	COM	918284100	6,491	164,333	SH		SOLE		0	0	164,333
Walgreens Boots Alliance Inc	COM	931427108	2,331	42,465	SH		SOLE		0	0	42,465
Borgwarner Inc.	COM	099724106	2,789	60,161	SH		SOLE		0	0	60,161
Western Union Company	COM	959802109	2,623	106,375	SH		SOLE		0	0	106,375
Cdw Corp	COM	12514G108	4,298	25,930	SH		SOLE		0	0	25,930
J2 Global Inc	COM	48123V102	3,734	31,153	SH		SOLE		0	0	31,153
Abbvie Inc	COM	00287Y109	4,058	37,500	SH		SOLE		0	0	37,500
Intel Corporation	COM	458140100	4,481	70,017	SH		SOLE		0	0	70,017
Omnicom Group Incorporated	COM	681919106	4,286	57,798	SH		SOLE		0	0	57,798
iShares Russell 1000 ETF	RUS 1000 ETF	464287622	343	1,534	SH		SOLE		0	0	1,534
iShares Russell Mid Growth ETF	RUS MD CP GR ETF	464287481	238	2,332	SH		SOLE		0	0	2,332
Vanguard REIT ETF	REAL ESTATE ETF	922908553	220	2,400	SH		SOLE		0	0	2,400
iShares S&P Small-Cap 600 Value ETF	SP SMCP600VL ETF	464287879	211	2,098	SH		SOLE		0	0	2,098
Schwab Fundamental US Broad Market ETF	SCHWAB FDT US BM	808524789	263	5,135	SH		SOLE		0	0	5,135
Technology Select Sector SPDR ETF	TECHNOLOGY	81369Y803	254	1,913	SH		SOLE		0	0	1,913
iShares S&P Mid-Cap 400 Growth ETF	S&P MC 400GR ETF	464287606	238	3,043	SH		SOLE		0	0	3,043
Vanguard Small-Cap ETF	SMALL CP ETF	922908751	599	2,796	SH		SOLE		0	0	2,796
Vanguard FTSE Europe ETF	FTSE EUROPE ETF	922042874	512	8,120	SH		SOLE		0	0	8,120
iShares Russell 1000 Growth ETF	RUS 1000 GRW ETF	464287614	1,300	5,350	SH		SOLE		0	0	5,350
Ishares Residential REITs ETF	RESIDNL REAL EST	464288562	489	6,604	SH		SOLE		0	0	6,604
SPDR Gold Minishares ETV	SPDR GLD MINIS	98149E204	476	27,975	SH		SOLE		0	0	27,975
FlexShares Global Upstream Natural Resources Index ETF	MORNSTAR UPSTR	33939L407	557	15,404	SH		SOLE		0	0	15,404
PowerShares S&P 500 Low Volatility ETF	S&P500 LOW VOL	46138E354	1,082	18,600	SH		SOLE		0	0	18,600
Vanguard Total Stock Mkt ETF	TOTAL STK MKT	922908769	661	3,196	SH		SOLE		0	0	3,196
WisdomTree US Total Dividend ETF	US TOTAL DIVIDND	97717W109	1,338	11,840	SH		SOLE		0	0	11,840
Vanguard Mid-Cap ETF	MID CAP ETF	922908629	3,697	16,703	SH		SOLE		0	0	16,703
Vanguard Large-Cap ETF	LARGE CAP ETF	922908637	4,207	22,702	SH		SOLE		0	0	22,702
FlexShares iBoxx 5-Yr Target Duration TIPS Index	IBOXX 5YR TRGT	33939L605	1,931	69,771	SH		SOLE		0	0	69,771
JPMorgan Ultra Short Income ETF	ULTRA SHRT INC	46641Q837	4,744	93,471	SH		SOLE		0	0	93,471