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
Basanite Inc	ORD SHS	06975Q100	14	31,000	SH		SOLE		0	0	31,000
Stryker Corporation	COM	863667101	294	1,131	SH		SOLE		0	0	1,131
Sangoma Technologies	COM	80100R101	50	19,500	SH		SOLE		0	0	19,500
Penn National Gaming, Inc.	COM	707569109	317	4,140	SH		SOLE		0	0	4,140
Microsoft Corporation	COM	594918104	212	783	SH		SOLE		0	0	783
Lincoln National Corporation	COM	534187109	210	3,340	SH		SOLE		0	0	3,340
Lam Research Corp	COM	512807108	383	588	SH		SOLE		0	0	588
Danaher Corporation	COM	235851102	370	1,380	SH		SOLE		0	0	1,380
Capital Bancorp Inc MD	COM	168565109	859	41,993	SH		SOLE		0	0	41,993
Roper Technologies	COM	776696106	215	458	SH		SOLE		0	0	458
Astrazeneca Plc	SPONSORED ADR	046353108	233	3,885	SH		SOLE		0	0	3,885
Global Payments Inc.	COM	37940X102	440	2,347	SH		SOLE		0	0	2,347
Texas Pacific Land Trust	COM	88262P102	288	180	SH		SOLE		0	0	180
Seagate Technology	ORD SHS	G7997R103	292	3,325	SH		SOLE		0	0	3,325
Truist Financial Corp	COM	89832Q109	202	3,641	SH		SOLE		0	0	3,641
Darling Ingredients Inc	COM	237266101	736	10,900	SH		SOLE		0	0	10,900
Moody'S Corporation	COM	615369105	567	1,565	SH		SOLE		0	0	1,565
Fidelity National Information	COM	31620M106	308	2,173	SH		SOLE		0	0	2,173
Csx Corporation	COM	126408103	270	8,424	SH		SOLE		0	0	8,424
At Home Group Inc	COM	04650Y100	272	7,370	SH		SOLE		0	0	7,370
Texas Instruments Incorporated	COM	882508104	408	2,120	SH		SOLE		0	0	2,120
Masonite Intl Corp	COM	575385109	203	1,815	SH		SOLE		0	0	1,815
Discover Financial Services	COM	254709108	466	3,940	SH		SOLE		0	0	3,940
Ugi Corporation	COM	902681105	262	5,655	SH		SOLE		0	0	5,655
Reynolds Consumer Products Inc	COM	76171L106	231	7,625	SH		SOLE		0	0	7,625
Dell Technologies Inc	CL C	24703L202	322	3,230	SH		SOLE		0	0	3,230
Oracle Corporation	COM	68389X105	370	4,750	SH		SOLE		0	0	4,750
Metlife, Inc.	COM	59156R108	330	5,515	SH		SOLE		0	0	5,515
Target Corporation	COM	87612E106	839	3,470	SH		SOLE		0	0	3,470
Fiserv, Inc.	COM	337738108	693	6,485	SH		SOLE		0	0	6,485
Sandy Spring Bancorp, Inc.	COM	800363103	557	12,622	SH		SOLE		0	0	12,622
Hibbett Sports Inc	COM	428567101	333	3,715	SH		SOLE		0	0	3,715
Novartis Ag	SPONSORED ADR	66987V109	312	3,418	SH		SOLE		0	0	3,418
Exxon Mobil Corporation	COM	30231G102	442	7,002	SH		SOLE		0	0	7,002
Verizon Communications	COM	92343V104	352	6,279	SH		SOLE		0	0	6,279
Qualcomm Incorporated	COM	747525103	360	2,520	SH		SOLE		0	0	2,520
Group 1 Automotive Inc	COM	398905109	328	2,125	SH		SOLE		0	0	2,125
Marinemax Inc	COM	567908108	303	6,220	SH		SOLE		0	0	6,220
Victory Capital Holdings	COM CL A	92645B103	323	10,010	SH		SOLE		0	0	10,010
Steelcase Inc	CL A	858155203	393	25,995	SH		SOLE		0	0	25,995
Penske Automotive Group	COM	70959W103	297	3,930	SH		SOLE		0	0	3,930
Comcast Corporation	CL A	20030N101	468	8,208	SH		SOLE		0	0	8,208
Fleetcor Technologies Inc	COM	339041105	408	1,595	SH		SOLE		0	0	1,595
Kraft Heinz Co	COM	500754106	378	9,270	SH		SOLE		0	0	9,270
Emergent Biosolution	COM	29089Q105	277	4,395	SH		SOLE		0	0	4,395
Tyson Foods, Inc.	CL A	902494103	426	5,775	SH		SOLE		0	0	5,775
Pra Health Sciences	COM	69354M108	587	3,555	SH		SOLE		0	0	3,555
Viacomcbs Inc	CL B	92556H206	457	10,120	SH		SOLE		0	0	10,120
World Wrestling Entertainment Inc	CL A	98156Q108	433	7,485	SH		SOLE		0	0	7,485
Generac Holding, Inc.	COM	368736104	2,460	5,925	SH		SOLE		0	0	5,925
J M Smucker Co	COM NEW	832696405	395	3,045	SH		SOLE		0	0	3,045
Brighthouse Financial Inc	COM	10922N103	477	10,475	SH		SOLE		0	0	10,475
Evercore Inc	CLASS A	29977A105	465	3,306	SH		SOLE		0	0	3,306
WW International Inc	COM	98262P101	654	18,085	SH		SOLE		0	0	18,085
Apple Inc.	COM	037833100	2,952	21,555	SH		SOLE		0	0	21,555
Atlas Air Worldwide Holdings Inc	COM NEW	049164205	485	7,115	SH		SOLE		0	0	7,115
CACI International Inc	CL A	127190304	450	1,765	SH		SOLE		0	0	1,765
Cadence Bancorp	CL A	12739A100	535	25,600	SH		SOLE		0	0	25,600
Navient Corp	COM	63938C108	883	45,670	SH		SOLE		0	0	45,670
Biogen Inc	COM	09062X103	563	1,625	SH		SOLE		0	0	1,625
Medpace Holdings Inc	COM	58506Q109	883	5,000	SH		SOLE		0	0	5,000
Deluxe Corporation	COM	248019101	828	17,330	SH		SOLE		0	0	17,330
Taylor Morrison Home Corp	COM	87724P106	572	21,645	SH		SOLE		0	0	21,645
Quest Diagnostics Incorporated	COM	74834L100	534	4,045	SH		SOLE		0	0	4,045
O'Reilly Automotive, Inc.	COM	67103H107	1,359	2,400	SH		SOLE		0	0	2,400
Lyondellbasell Industries Nv	SHS - A -	N53745100	613	5,960	SH		SOLE		0	0	5,960
Hp Inc	COM	40434L105	534	17,700	SH		SOLE		0	0	17,700
Sprouts Farmers Market Inc	COM	85208M102	585	23,525	SH		SOLE		0	0	23,525
Federated Hermes Inc	CL B	314211103	654	19,285	SH		SOLE		0	0	19,285
Unum Group	COM	91529Y106	967	34,035	SH		SOLE		0	0	34,035
Werner Enterprises Inc	COM	950755108	749	16,835	SH		SOLE		0	0	16,835
Altria Group, Inc.	COM	02209S103	715	15,000	SH		SOLE		0	0	15,000
Progress Software Corp	COM	743312100	675	14,600	SH		SOLE		0	0	14,600
Nexstar Media Group Inc	CL A	65336K103	659	4,459	SH		SOLE		0	0	4,459
Hca Healthcare Inc	COM	40412C101	1,466	7,093	SH		SOLE		0	0	7,093
Albertsons Co Shs Class	COMMON STOCK	013091103	633	32,185	SH		SOLE		0	0	32,185
Cisco Systems Incorporated	COM	17275R102	1,095	20,662	SH		SOLE		0	0	20,662
Autonation, Inc.	COM	05329W102	996	10,500	SH		SOLE		0	0	10,500
Union Pacific Corporation	COM	907818108	1,150	5,228	SH		SOLE		0	0	5,228
International Business Machine	COM	459200101	773	5,275	SH		SOLE		0	0	5,275
Tegna Inc	COM	87901J105	708	37,765	SH		SOLE		0	0	37,765
Norfolk Southern Corporation	COM	655844108	1,674	6,306	SH		SOLE		0	0	6,306
Hanesbrands, Inc.	COM	410345102	919	49,227	SH		SOLE		0	0	49,227
Molson Coors Beverages Co B	CL B	60871R209	936	17,440	SH		SOLE		0	0	17,440
Amgen Inc.	COM	031162100	1,101	4,515	SH		SOLE		0	0	4,515
Johnson & Johnson	COM	478160104	1,112	6,753	SH		SOLE		0	0	6,753
Arbor Realty Trust	COM	038923108	999	56,065	SH		SOLE		0	0	56,065
Accenture Plc	SHS CLASS A	G1151C101	1,932	6,553	SH		SOLE		0	0	6,553
Mastercard, Inc.	CL A	57636Q104	1,425	3,903	SH		SOLE		0	0	3,903
United Rentals, Inc.	COM	911363109	2,152	6,745	SH		SOLE		0	0	6,745
Valero Energy Corporation	COM	91913Y100	903	11,565	SH		SOLE		0	0	11,565
Aes Corp	COM	00130H105	1,678	64,367	SH		SOLE		0	0	64,367
Broadcom Ltd	COM	11135F101	1,943	4,074	SH		SOLE		0	0	4,074
Rent A Center Inc	COM	76009N100	1,244	23,445	SH		SOLE		0	0	23,445
Cboe Global Mkts Inc	COM	12503M108	1,113	9,352	SH		SOLE		0	0	9,352
Regeneron Pharmaceuticals Inc	COM	75886F107	1,339	2,398	SH		SOLE		0	0	2,398
Vistra Energy Corp	COM	92840M102	891	48,025	SH		SOLE		0	0	48,025
Lear Corporation	COM NEW	521865204	1,394	7,953	SH		SOLE		0	0	7,953
CVS Health Corp	COM	126650100	1,115	13,357	SH		SOLE		0	0	13,357
SLM Corp	COM	78442P106	2,004	95,708	SH		SOLE		0	0	95,708
Pfizer Inc.	COM	717081103	1,271	32,464	SH		SOLE		0	0	32,464
Cummins Inc.	COM	231021106	1,649	6,762	SH		SOLE		0	0	6,762
Jazz Pharmaceutical	SHS USD	G50871105	1,457	8,200	SH		SOLE		0	0	8,200
Merck & Co. , Inc.	COM	58933Y105	1,177	15,138	SH		SOLE		0	0	15,138
CBRE Group Inc- A	CL A	12504L109	2,168	25,290	SH		SOLE		0	0	25,290
Polaris Industries	COM	731068102	1,287	9,395	SH		SOLE		0	0	9,395
Arrow Electronics Inc	COM	042735100	2,075	18,225	SH		SOLE		0	0	18,225
Amerisourcebergen Corporation	COM	03073E105	1,452	12,679	SH		SOLE		0	0	12,679
Amc Networks Inc	CL A	00164V103	2,169	32,465	SH		SOLE		0	0	32,465
Alphabet Inc	CAP STK CL A	02079K305	2,803	1,148	SH		SOLE		0	0	1,148
Kla-Tencor Corp	COM NEW	482480100	3,650	11,257	SH		SOLE		0	0	11,257
Vse Corporation	COM	918284100	7,500	151,489	SH		SOLE		0	0	151,489
Magna International Inc	COM	559222401	2,766	29,857	SH		SOLE		0	0	29,857
At&T Inc.	COM	00206R102	1,448	50,312	SH		SOLE		0	0	50,312
Restaurant Brands International Inc.	COM	76131D103	1,634	25,355	SH		SOLE		0	0	25,355
S&P Global Inc	COM	78409V104	3,157	7,691	SH		SOLE		0	0	7,691
Equitable Holdings Inc	COM	29452E101	2,353	77,282	SH		SOLE		0	0	77,282
Onemain Holdings Inc	COM	68268W103	3,033	50,628	SH		SOLE		0	0	50,628
Bristol-Myers Squibb Company	COM	110122108	2,208	33,047	SH		SOLE		0	0	33,047
CSG Systems Intl Inc	COM	126349109	2,049	43,435	SH		SOLE		0	0	43,435
Walgreens Boots Alliance Inc	COM	931427108	2,077	39,470	SH		SOLE		0	0	39,470
Borgwarner Inc.	COM	099724106	2,919	60,136	SH		SOLE		0	0	60,136
Western Union Company	COM	959802109	2,541	110,605	SH		SOLE		0	0	110,605
Cdw Corp	COM	12514G108	4,544	26,015	SH		SOLE		0	0	26,015
Abbvie Inc	COM	00287Y109	4,152	36,865	SH		SOLE		0	0	36,865
J2 Global Inc	COM	48123V102	4,275	31,080	SH		SOLE		0	0	31,080
Intel Corporation	COM	458140100	3,877	69,067	SH		SOLE		0	0	69,067
Omnicom Group Incorporated	COM	681919106	4,848	60,603	SH		SOLE		0	0	60,603
iShares Russell 1000 ETF	RUS 1000 ETF	464287622	371	1,534	SH		SOLE		0	0	1,534
iShares Russell Mid Growth ETF	RUS MD CP GR ETF	464287481	264	2,332	SH		SOLE		0	0	2,332
Schwab Fundamental US Broad Market ETF	SCHWAB FDT US BM	808524789	272	4,995	SH		SOLE		0	0	4,995
Vanguard REIT ETF	REAL ESTATE ETF	922908553	244	2,400	SH		SOLE		0	0	2,400
Technology Select Sector SPDR ETF	TECHNOLOGY	81369Y803	282	1,913	SH		SOLE		0	0	1,913
iShares S&P Small-Cap 600 Value ETF	SP SMCP600VL ETF	464287879	225	2,132	SH		SOLE		0	0	2,132
iShares S&P Mid-Cap 400 Growth ETF	S&P MC 400GR ETF	464287606	246	3,043	SH		SOLE		0	0	3,043
iShares Russell 1000 Growth ETF	RUS 1000 GRW ETF	464287614	1,385	5,100	SH		SOLE		0	0	5,100
Vanguard FTSE Europe ETF	FTSE EUROPE ETF	922042874	545	8,101	SH		SOLE		0	0	8,101
Vanguard Small-Cap ETF	SMALL CP ETF	922908751	636	2,823	SH		SOLE		0	0	2,823
PowerShares S&P 500 Low Volatility ETF	S&P500 LOW VOL	46138E354	1,133	18,600	SH		SOLE		0	0	18,600
Vanguard Total Stock Mkt ETF	TOTAL STK MKT	922908769	727	3,263	SH		SOLE		0	0	3,263
WisdomTree US Total Dividend ETF	US TOTAL DIVIDND	97717W109	1,344	11,340	SH		SOLE		0	0	11,340
Ishares Residential REITs ETF	RESIDNL REAL EST	464288562	802	9,625	SH		SOLE		0	0	9,625
FlexShares Global Upstream Natural Resources Index ETF	MORNSTAR UPSTR	33939L407	828	21,623	SH		SOLE		0	0	21,623
SPDR Gold Minishares ETV	SPDR GLD MINIS	98149E204	768	43,589	SH		SOLE		0	0	43,589
Vanguard Mid-Cap ETF	MID CAP ETF	922908629	3,970	16,728	SH		SOLE		0	0	16,728
Vanguard Large-Cap ETF	LARGE CAP ETF	922908637	4,557	22,702	SH		SOLE		0	0	22,702
Ishares Micro Cap ETF	MICRO-CAP ETF	464288869	945	6,194	SH		SOLE		0	0	6,194
FlexShares iBoxx 5-Yr Target Duration TIPS Index	IBOXX 5YR TRGT	33939L605	3,082	110,018	SH		SOLE		0	0	110,018
JPMorgan Ultra Short Income ETF	ULTRA SHRT INC	46641Q837	7,264	143,161	SH		SOLE		0	0	143,161