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	8	31,000	SH		SOLE		0	0	31,000
Thermo Fisher Scientific Inc.	COM	883556102	222	332	SH		SOLE		0	0	332
Stryker Corporation	COM	863667101	297	1,112	SH		SOLE		0	0	1,112
Lincoln National Corporation	COM	534187109	201	2,940	SH		SOLE		0	0	2,940
Capital Bancorp Inc MD	COM	139737100	1,337	51,013	SH		SOLE		0	0	51,013
Danaher Corporation	COM	235851102	368	1,120	SH		SOLE		0	0	1,120
Microsoft Corporation	COM	594918104	298	887	SH		SOLE		0	0	887
Lam Research Corp	COM	512807108	426	593	SH		SOLE		0	0	593
Seagate Technology	ORD SHS	G7997R103	319	2,825	SH		SOLE		0	0	2,825
Astrazeneca Plc	SPONSORED ADR	046353108	227	3,899	SH		SOLE		0	0	3,899
Steelcase Inc	CL A	858155203	137	11,730	SH		SOLE		0	0	11,730
Darling Ingredients Inc	COM	237266101	712	10,275	SH		SOLE		0	0	10,275
Moody'S Corporation	COM	615369105	580	1,485	SH		SOLE		0	0	1,485
Jpmorgan Chase & Co.	COM	46625H100	223	1,406	SH		SOLE		0	0	1,406
Mckesson Corporation	COM	58155Q103	241	970	SH		SOLE		0	0	970
Chevron Corporation	COM NEW	166764100	202	1,719	SH		SOLE		0	0	1,719
Oracle Corporation	COM	68389X105	325	3,728	SH		SOLE		0	0	3,728
Csx Corporation	COM	126408103	312	8,303	SH		SOLE		0	0	8,303
Sandy Spring Bancorp, Inc.	COM	800363103	505	10,497	SH		SOLE		0	0	10,497
Texas Instruments Incorporated	COM	882508104	467	2,479	SH		SOLE		0	0	2,479
Target Corporation	COM	87612E106	779	3,368	SH		SOLE		0	0	3,368
Generac Holding, Inc.	COM	368736104	1,390	3,950	SH		SOLE		0	0	3,950
NTNL BANK GATESVILLE TEX	COM	12740C103	296	9,937	SH		SOLE		0	0	9,937
Beacon Roofing Supply Inc	COM	073685109	258	4,495	SH		SOLE		0	0	4,495
Brighthouse Financial Inc	COM	10922N103	365	7,050	SH		SOLE		0	0	7,050
Metlife, Inc.	COM	59156R108	379	6,057	SH		SOLE		0	0	6,057
Novartis Ag	SPONSORED ADR	66987V109	299	3,418	SH		SOLE		0	0	3,418
Global Payments Inc.	COM	37940X102	450	3,332	SH		SOLE		0	0	3,332
Biogen Inc	COM	09062X103	226	940	SH		SOLE		0	0	940
Verizon Communications	COM	92343V104	326	6,266	SH		SOLE		0	0	6,266
Icon Plc	SHS	G4705A100	408	1,318	SH		SOLE		0	0	1,318
Exxon Mobil Corporation	COM	30231G102	440	7,197	SH		SOLE		0	0	7,197
Viacomcbs Inc	CL B	92556H206	245	8,120	SH		SOLE		0	0	8,120
SciPlay Corp	CL A	809087109	228	16,530	SH		SOLE		0	0	16,530
Consensus Cloud Solution	COM	20848V105	488	8,436	SH		SOLE		0	0	8,436
M.D.C Holding Inc	COM	552676108	318	5,695	SH		SOLE		0	0	5,695
Costamare Inc	SHS	Y1771G102	305	24,075	SH		SOLE		0	0	24,075
Group 1 Automotive Inc	COM	398905109	432	2,215	SH		SOLE		0	0	2,215
Kraft Heinz Co	COM	500754106	317	8,820	SH		SOLE		0	0	8,820
Comcast Corporation	CL A	20030N101	413	8,208	SH		SOLE		0	0	8,208
Fleetcor Technologies Inc	COM	339041105	357	1,595	SH		SOLE		0	0	1,595
Deluxe Corporation	COM	248019101	389	12,125	SH		SOLE		0	0	12,125
Avnet Inc	COM	053807103	367	8,895	SH		SOLE		0	0	8,895
Innoviva Inc	COM	45781M101	357	20,695	SH		SOLE		0	0	20,695
World Wrestling Entertainment Inc	CL A	98156Q108	364	7,385	SH		SOLE		0	0	7,385
J M Smucker Co	COM NEW	832696405	396	2,915	SH		SOLE		0	0	2,915
WW International Inc	COM	98262P101	253	15,710	SH		SOLE		0	0	15,710
Mueller Industries Inc	COM	624756102	380	6,405	SH		SOLE		0	0	6,405
Masonite Intl Corp	COM	575385109	375	3,180	SH		SOLE		0	0	3,180
Tivity Health Inc	COM	88870R102	408	15,415	SH		SOLE		0	0	15,415
Unum Group	COM	91529Y106	521	21,210	SH		SOLE		0	0	21,210
Discover Financial Services	COM	254709108	586	5,070	SH		SOLE		0	0	5,070
Apple Inc.	COM	037833100	3,571	20,112	SH		SOLE		0	0	20,112
Hibbett Sports Inc	COM	428567101	379	5,270	SH		SOLE		0	0	5,270
CACI International Inc	CL A	127190304	425	1,580	SH		SOLE		0	0	1,580
Medpace Holdings Inc	COM	58506Q109	967	4,445	SH		SOLE		0	0	4,445
Winnebago Industries Inc	COM	974637100	424	5,655	SH		SOLE		0	0	5,655
NortonLifeLock Inc	COM	668771108	426	16,390	SH		SOLE		0	0	16,390
Tyson Foods, Inc.	CL A	902494103	581	6,670	SH		SOLE		0	0	6,670
Navient Corp	COM	63938C108	891	41,990	SH		SOLE		0	0	41,990
Qualcomm Incorporated	COM	747525103	645	3,527	SH		SOLE		0	0	3,527
Nu Skin Enterprises, Inc A	CL A	67018T105	504	9,930	SH		SOLE		0	0	9,930
International Business Machine	COM	459200101	489	3,660	SH		SOLE		0	0	3,660
Vista Outdoor Inc	COM	928377100	498	10,820	SH		SOLE		0	0	10,820
Federated Hermes Inc	CL B	314211103	605	16,110	SH		SOLE		0	0	16,110
Masco Corp	COM	574599106	539	7,670	SH		SOLE		0	0	7,670
Lyondellbasell Industries Nv	SHS - A -	N53745100	507	5,495	SH		SOLE		0	0	5,495
Encore Capital Group	COM	292554102	634	10,205	SH		SOLE		0	0	10,205
Ugi Corporation	COM	902681105	563	12,266	SH		SOLE		0	0	12,266
Sprouts Farmers Market Inc	COM	85208M102	661	22,260	SH		SOLE		0	0	22,260
Union Pacific Corporation	COM	907818108	1,045	4,147	SH		SOLE		0	0	4,147
United Rentals, Inc.	COM	911363109	1,572	4,730	SH		SOLE		0	0	4,730
O'Reilly Automotive, Inc.	COM	67103H107	1,740	2,464	SH		SOLE		0	0	2,464
Thor Industries Incorporated	COM	885160101	550	5,301	SH		SOLE		0	0	5,301
Taylor Morrison Home Corp	COM	87724P106	871	24,900	SH		SOLE		0	0	24,900
Valero Energy Corporation	COM	91913Y100	662	8,810	SH		SOLE		0	0	8,810
Hca Healthcare Inc	COM	40412C101	1,771	6,893	SH		SOLE		0	0	6,893
Altria Group, Inc.	COM	02209S103	743	15,680	SH		SOLE		0	0	15,680
Cisco Systems Incorporated	COM	17275R102	1,318	20,792	SH		SOLE		0	0	20,792
Fiserv, Inc.	COM	337738108	1,056	10,170	SH		SOLE		0	0	10,170
Norfolk Southern Corporation	COM	655844108	1,745	5,861	SH		SOLE		0	0	5,861
Emergent Biosolution	COM	29089Q105	481	11,060	SH		SOLE		0	0	11,060
Aes Corp	COM	00130H105	1,302	53,577	SH		SOLE		0	0	53,577
Lear Corporation	COM NEW	521865204	1,120	6,123	SH		SOLE		0	0	6,123
Molson Coors Beverages Co B	CL B	60871R209	772	16,665	SH		SOLE		0	0	16,665
Arbor Realty Trust	COM	038923108	951	51,890	SH		SOLE		0	0	51,890
Hanesbrands, Inc.	COM	410345102	795	47,547	SH		SOLE		0	0	47,547
Amgen Inc.	COM	031162100	1,018	4,524	SH		SOLE		0	0	4,524
Atlas Air Worldwide Holdings Inc	COM NEW	049164205	1,035	10,998	SH		SOLE		0	0	10,998
Vistra Energy Corp	COM	92840M102	892	39,155	SH		SOLE		0	0	39,155
Progress Software Corp	COM	743312100	843	17,460	SH		SOLE		0	0	17,460
Accenture Plc	SHS CLASS A	G1151C101	2,646	6,383	SH		SOLE		0	0	6,383
Mastercard, Inc.	CL A	57636Q104	1,366	3,803	SH		SOLE		0	0	3,803
Werner Enterprises Inc	COM	950755108	964	20,235	SH		SOLE		0	0	20,235
Medifast Inc	COM	58470H101	781	3,730	SH		SOLE		0	0	3,730
Quest Diagnostics Incorporated	COM	74834L100	1,029	5,945	SH		SOLE		0	0	5,945
Regeneron Pharmaceuticals Inc	COM	75886F107	1,442	2,283	SH		SOLE		0	0	2,283
Evercore Inc	CLASS A	29977A105	912	6,710	SH		SOLE		0	0	6,710
Autonation, Inc.	COM	05329W102	1,409	12,055	SH		SOLE		0	0	12,055
Hillenbrand Inc	COM	431571108	1,073	20,645	SH		SOLE		0	0	20,645
At&T Inc.	COM	00206R102	821	33,362	SH		SOLE		0	0	33,362
Restaurant Brands International Inc.	COM	76131D103	995	16,395	SH		SOLE		0	0	16,395
Johnson & Johnson	COM	478160104	1,355	7,923	SH		SOLE		0	0	7,923
Penske Automotive Group	COM	70959W103	1,154	10,765	SH		SOLE		0	0	10,765
Qorvo Inc	COM	74736K101	995	6,360	SH		SOLE		0	0	6,360
CVS Health Corp	COM	126650100	1,442	13,977	SH		SOLE		0	0	13,977
Jazz Pharmaceutical	SHS USD	G50871105	955	7,495	SH		SOLE		0	0	7,495
Cboe Global Mkts Inc	COM	12503M108	1,368	10,492	SH		SOLE		0	0	10,492
Marinemax Inc	COM	567908108	1,233	20,880	SH		SOLE		0	0	20,880
SLM Corp	COM	78442P106	1,924	97,818	SH		SOLE		0	0	97,818
Magna International Inc	COM	559222401	1,866	23,055	SH		SOLE		0	0	23,055
Pfizer Inc.	COM	717081103	1,912	32,383	SH		SOLE		0	0	32,383
Cummins Inc.	COM	231021106	1,446	6,627	SH		SOLE		0	0	6,627
CBRE Group Inc- A	CL A	12504L109	2,611	24,065	SH		SOLE		0	0	24,065
Alphabet Inc	CAP STK CL A	02079K305	2,801	967	SH		SOLE		0	0	967
Nexstar Media Group Inc	CL A	65336K103	1,208	7,999	SH		SOLE		0	0	7,999
Kla-Tencor Corp	COM NEW	482480100	4,463	10,377	SH		SOLE		0	0	10,377
Vse Corporation	COM	918284100	8,546	140,239	SH		SOLE		0	0	140,239
Amc Networks Inc	CL A	00164V103	1,074	31,175	SH		SOLE		0	0	31,175
Rent A Center Inc	COM	76009N100	1,431	29,785	SH		SOLE		0	0	29,785
Broadcom Ltd	COM	11135F101	3,191	4,795	SH		SOLE		0	0	4,795
Merck & Co. , Inc.	COM	58933Y105	1,352	17,638	SH		SOLE		0	0	17,638
Hp Inc	COM	40434L105	1,646	43,704	SH		SOLE		0	0	43,704
Walgreens Boots Alliance Inc	COM	931427108	1,476	28,307	SH		SOLE		0	0	28,307
Amerisourcebergen Corporation	COM	03073E105	1,846	13,894	SH		SOLE		0	0	13,894
S&P Global Inc	COM	78409V104	3,309	7,011	SH		SOLE		0	0	7,011
Albertsons Co Shs Class	COMMON STOCK	013091103	1,982	65,654	SH		SOLE		0	0	65,654
Victory Capital Holdings	COM CL A	92645B103	1,801	49,290	SH		SOLE		0	0	49,290
Polaris Industries	COM	731068102	1,532	13,940	SH		SOLE		0	0	13,940
Onemain Holdings Inc	COM	68268W103	2,448	48,918	SH		SOLE		0	0	48,918
Arrow Electronics Inc	COM	042735100	3,127	23,290	SH		SOLE		0	0	23,290
Equitable Holdings Inc	COM	29452E101	2,738	83,507	SH		SOLE		0	0	83,507
Borgwarner Inc.	COM	099724106	2,534	56,220	SH		SOLE		0	0	56,220
J2 Global Inc	COM	48123V102	3,456	31,170	SH		SOLE		0	0	31,170
Tegna Inc	COM	87901J105	2,371	127,725	SH		SOLE		0	0	127,725
Bristol-Myers Squibb Company	COM	110122108	2,645	42,414	SH		SOLE		0	0	42,414
Abbvie Inc	COM	00287Y109	4,758	35,139	SH		SOLE		0	0	35,139
Western Union Company	COM	959802109	2,137	119,762	SH		SOLE		0	0	119,762
CSG Systems Intl Inc	COM	126349109	3,260	56,570	SH		SOLE		0	0	56,570
Cdw Corp	COM	12514G108	5,534	27,025	SH		SOLE		0	0	27,025
Intel Corporation	COM	458140100	3,608	70,056	SH		SOLE		0	0	70,056
Omnicom Group Incorporated	COM	681919106	4,982	67,993	SH		SOLE		0	0	67,993
iShares Russell 1000 ETF	RUS 1000 ETF	464287622	381	1,442	SH		SOLE		0	0	1,442
iShares Russell Mid Growth ETF	RUS MD CP GR ETF	464287481	253	2,200	SH		SOLE		0	0	2,200
iShares S&P Small-Cap 600 Value ETF	SP SMCP600VL ETF	464287879	212	2,033	SH		SOLE		0	0	2,033
Schwab Fundamental US Broad Market ETF	SCHWAB FDT US BM	808524789	290	4,995	SH		SOLE		0	0	4,995
Technology Select Sector SPDR ETF	TECHNOLOGY	81369Y803	333	1,913	SH		SOLE		0	0	1,913
Vanguard REIT ETF	REAL ESTATE ETF	922908553	302	2,600	SH		SOLE		0	0	2,600
iShares S&P Mid-Cap 400 Growth ETF	S&P MC 400GR ETF	464287606	269	3,154	SH		SOLE		0	0	3,154
iShares Russell 1000 Growth ETF	RUS 1000 GRW ETF	464287614	1,528	5,000	SH		SOLE		0	0	5,000
Vanguard FTSE Europe ETF	FTSE EUROPE ETF	922042874	548	8,035	SH		SOLE		0	0	8,035
PowerShares S&P 500 Low Volatility ETF	S&P500 LOW VOL	46138E354	1,249	18,200	SH		SOLE		0	0	18,200
Vanguard Small-Cap ETF	SMALL CP ETF	922908751	797	3,525	SH		SOLE		0	0	3,525
WisdomTree US Total Dividend ETF	US TOTAL DIVIDND	97717W109	1,287	19,880	SH		SOLE		0	0	19,880
Vanguard Total Stock Mkt ETF	TOTAL STK MKT	922908769	1,015	4,203	SH		SOLE		0	0	4,203
Vanguard Large-Cap ETF	LARGE CAP ETF	922908637	5,018	22,702	SH		SOLE		0	0	22,702
Ishares Residential REITs ETF	RESIDNL REAL EST	464288562	1,269	12,917	SH		SOLE		0	0	12,917
FlexShares Global Upstream Natural Resources Index ETF	MORNSTAR UPSTR	33939L407	1,204	30,480	SH		SOLE		0	0	30,480
SPDR Gold Minishares ETV	SPDR GLD MINIS	98149E204	1,140	62,721	SH		SOLE		0	0	62,721
Ishares Russell 2500 ETF	RUSEL 2500 ETF	46435G268	1,172	17,654	SH		SOLE		0	0	17,654
Vanguard Mid-Cap ETF	MID CAP ETF	922908629	4,624	18,151	SH		SOLE		0	0	18,151
Ishares Micro Cap ETF	MICRO-CAP ETF	464288869	2,388	17,090	SH		SOLE		0	0	17,090
FlexShares iBoxx 5-Yr Target Duration TIPS Index	IBOXX 5YR TRGT	33939L605	5,244	187,016	SH		SOLE		0	0	187,016
JPMorgan Ultra Short Income ETF	ULTRA SHRT INC	46641Q837	11,074	219,382	SH		SOLE		0	0	219,382