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	COM	06975Q100	1	31,000	SH		SOLE		0	0	31,000
Stryker Corporation	COM	863667101	219	802	SH		SOLE		0	0	802
Lam Research Corp	COM	512807108	332	530	SH		SOLE		0	0	530
Microsoft Corporation	COM	594918104	668	2,117	SH		SOLE		0	0	2,117
Astrazeneca Plc	SPONSORED ADR	046353108	228	3,366	SH		SOLE		0	0	3,366
Darling Ingredients Inc	COM	237266101	446	8,545	SH		SOLE		0	0	8,545
Patrick Industries Inc	COM	703343103	215	2,860	SH		SOLE		0	0	2,860
Csx Corporation	COM	126408103	217	7,044	SH		SOLE		0	0	7,044
D R Horton Co	COM	23331A109	261	2,428	SH		SOLE		0	0	2,428
Vishay Intertechnology Inc	COM	928298108	205	8,285	SH		SOLE		0	0	8,285
Park hotels and Resorts INC	COM	700517105	161	13,100	SH		SOLE		0	0	13,100
Stride Inc	COM	86333M108	216	4,795	SH		SOLE		0	0	4,795
Chevron Corporation	COM NEW	166764100	301	1,788	SH		SOLE		0	0	1,788
Cardinal Health, Inc.	COM	14149Y108	285	3,285	SH		SOLE		0	0	3,285
Jpmorgan Chase & Co.	COM	46625H100	231	1,596	SH		SOLE		0	0	1,596
Novartis Ag	SPONSORED ADR	66987V109	252	2,470	SH		SOLE		0	0	2,470
Xperi Inc	COMMON STOCK	98423J101	102	10,352	SH		SOLE		0	0	10,352
Veeco Instruments Inc.	COM	922417100	278	9,890	SH		SOLE		0	0	9,890
Global Payments Inc.	COM	37940X102	296	2,568	SH		SOLE		0	0	2,568
Exxon Mobil Corporation	COM	30231G102	601	5,112	SH		SOLE		0	0	5,112
Qualcomm Incorporated	COM	747525103	228	2,055	SH		SOLE		0	0	2,055
Lendingclub Corp	COM NEW	52603A208	107	17,505	SH		SOLE		0	0	17,505
TKO GROUP HOLDINGS INC CLASS A	CL A	87256C101	443	5,270	SH		SOLE		0	0	5,270
Expedia Group Inc	COM NEW	30212P303	268	2,600	SH		SOLE		0	0	2,600
Radian Group Inc	COM	750236101	337	13,440	SH		SOLE		0	0	13,440
Beacon Roofing Supply Inc	COM	073685109	371	4,805	SH		SOLE		0	0	4,805
Gilead Sciences, Inc.	COM	375558103	269	3,587	SH		SOLE		0	0	3,587
CACI International Inc	CL A	127190304	372	1,186	SH		SOLE		0	0	1,186
Vistra Energy Corp	COM	92840M102	512	15,430	SH		SOLE		0	0	15,430
Camping World Holdings I	CL A	13462K109	218	10,685	SH		SOLE		0	0	10,685
Encore Capital Group	COM	292554102	258	5,395	SH		SOLE		0	0	5,395
Sanofi S.A.	SPONSORED ADR	80105N105	300	5,590	SH		SOLE		0	0	5,590
Union Pacific Corporation	COM	907818108	478	2,345	SH		SOLE		0	0	2,345
Lear Corporation	COM NEW	521865204	357	2,661	SH		SOLE		0	0	2,661
Group 1 Automotive Inc	COM	398905109	579	2,155	SH		SOLE		0	0	2,155
Hibbett Sports Inc	COM	428567101	200	4,210	SH		SOLE		0	0	4,210
Xperi Holding Corp	COM	00676P107	359	33,656	SH		SOLE		0	0	33,656
Wabash National Corp	COM	929566107	292	13,810	SH		SOLE		0	0	13,810
Ultra Clean Holdings Inc	COM	90385V107	291	9,820	SH		SOLE		0	0	9,820
Fleetcor Technologies Inc	COM	339041105	401	1,570	SH		SOLE		0	0	1,570
Masco Corp	COM	574599106	285	5,325	SH		SOLE		0	0	5,325
Brookfield Infrastructure Corp	SHS A	11275Q107	261	7,375	SH		SOLE		0	0	7,375
NortonLifeLock Inc	COM	668771108	227	12,840	SH		SOLE		0	0	12,840
Meritage Homes Corp	COM	59001A102	480	3,920	SH		SOLE		0	0	3,920
Masonite Intl Corp	COM	575385109	287	3,080	SH		SOLE		0	0	3,080
At&T Inc.	COM	00206R102	252	16,762	SH		SOLE		0	0	16,762
ArcBest Corp	COM	03937C105	372	3,655	SH		SOLE		0	0	3,655
Medpace Holdings Inc	COM	58506Q109	908	3,750	SH		SOLE		0	0	3,750
Quest Diagnostics Incorporated	COM	74834L100	313	2,570	SH		SOLE		0	0	2,570
Capital Bancorp Inc MD	COM	139737100	1,945	101,690	SH		SOLE		0	0	101,690
J M Smucker Co	COM NEW	832696405	351	2,855	SH		SOLE		0	0	2,855
Mueller Industries Inc	COM	624756102	471	6,270	SH		SOLE		0	0	6,270
Winnebago Industries Inc	COM	974637100	297	5,000	SH		SOLE		0	0	5,000
Aes Corp	COM	00130H105	437	28,732	SH		SOLE		0	0	28,732
Owens Corning Fiberglas	NEW COM	690742101	550	4,035	SH		SOLE		0	0	4,035
Malibu Boats Inc	COM CL A	56117J100	322	6,578	SH		SOLE		0	0	6,578
S&P Global Inc	COM	78409V104	597	1,635	SH		SOLE		0	0	1,635
Apple Inc.	COM	037833100	3,349	19,563	SH		SOLE		0	0	19,563
Green Brick Partners Inc	COM	392709101	375	9,025	SH		SOLE		0	0	9,025
International Business Machine	COM	459200101	513	3,653	SH		SOLE		0	0	3,653
Lyondellbasell Industries Nv	SHS - A -	N53745100	450	4,750	SH		SOLE		0	0	4,750
Deere & Co	COM	244199105	426	1,130	SH		SOLE		0	0	1,130
Kraft Heinz Co	COM	500754106	441	13,110	SH		SOLE		0	0	13,110
Werner Enterprises Inc	COM	950755108	453	11,630	SH		SOLE		0	0	11,630
United Rentals, Inc.	COM	911363109	1,749	3,935	SH		SOLE		0	0	3,935
Ugi Corporation	COM NEW	902681105	265	11,535	SH		SOLE		0	0	11,535
Magna International Inc	COM	559222401	552	10,300	SH		SOLE		0	0	10,300
Polaris Industries	COM	731068102	393	3,775	SH		SOLE		0	0	3,775
Norfolk Southern Corporation	COM	655844108	913	4,636	SH		SOLE		0	0	4,636
Qorvo Inc	COM	74736K101	329	3,445	SH		SOLE		0	0	3,445
Marriott International, Inc.	CL A	571903202	558	2,840	SH		SOLE		0	0	2,840
Sprouts Farmers Market Inc	COM	85208M102	883	20,635	SH		SOLE		0	0	20,635
Fidelity National Information	COM	31620M106	470	8,500	SH		SOLE		0	0	8,500
Celestica Inc	SUB VTG SHS	15101Q108	634	25,850	SH		SOLE		0	0	25,850
Warrior Met Coal Inc	COM	93627C101	708	13,865	SH		SOLE		0	0	13,865
Hca Healthcare Inc	COM	40412C101	1,246	5,065	SH		SOLE		0	0	5,065
SciPlay Corp	CL A	809087109	748	32,830	SH		SOLE		0	0	32,830
Texas Instruments Incorporated	COM	882508104	999	6,282	SH		SOLE		0	0	6,282
Medical Properties Trust Inc	COM	58463J304	244	44,860	SH		SOLE		0	0	44,860
Bloomin Brands Inc	COM	094235108	567	23,040	SH		SOLE		0	0	23,040
Cars.Com Inc	COM	14575E105	474	28,120	SH		SOLE		0	0	28,120
O'Reilly Automotive, Inc.	COM	67103H107	1,810	1,992	SH		SOLE		0	0	1,992
Arbor Realty Trust	COM	038923108	620	40,825	SH		SOLE		0	0	40,825
Affiliated Managers Group Inc	COM	008252108	525	4,025	SH		SOLE		0	0	4,025
Diodes Inc	COM	254543101	607	7,695	SH		SOLE		0	0	7,695
Cirrus Logic Inc	COM	172755100	558	7,540	SH		SOLE		0	0	7,540
Mckesson Corporation	COM	58155Q103	882	2,028	SH		SOLE		0	0	2,028
Altria Group, Inc.	COM	02209S103	610	14,497	SH		SOLE		0	0	14,497
Progress Software Corp	COM	743312100	724	13,760	SH		SOLE		0	0	13,760
United Therapeutics Corporatio	COM	91307C102	655	2,902	SH		SOLE		0	0	2,902
Intel Corporation	COM	458140100	497	13,971	SH		SOLE		0	0	13,971
Taylor Morrison Home Corp	COM	87724P106	1,066	25,010	SH		SOLE		0	0	25,010
Restaurant Brands International Inc.	COM	76131D103	720	10,805	SH		SOLE		0	0	10,805
Valero Energy Corporation	COM	91913Y100	1,207	8,519	SH		SOLE		0	0	8,519
Nu Skin Enterprises, Inc A	CL A	67018T105	286	13,475	SH		SOLE		0	0	13,475
Molson Coors Beverages Co B	CL B	60871R209	910	14,305	SH		SOLE		0	0	14,305
Navient Corp	COM	63938C108	940	54,575	SH		SOLE		0	0	54,575
H&R Block Inc	COM	093671105	750	17,410	SH		SOLE		0	0	17,410
Federated Hermes Inc	CL B	314211103	678	20,030	SH		SOLE		0	0	20,030
Organon & Co	COMMON STOCK	68622V106	402	23,165	SH		SOLE		0	0	23,165
Innoviva Inc	COM	45781M101	506	38,915	SH		SOLE		0	0	38,915
Carlyle Group Lp	COM	14316J108	619	20,512	SH		SOLE		0	0	20,512
PBF Energy Inc	CL A	69318G106	833	15,570	SH		SOLE		0	0	15,570
Builders Firstsource Inc	COM	12008R107	1,248	10,025	SH		SOLE		0	0	10,025
Accenture Plc	SHS CLASS A	G1151C101	1,821	5,928	SH		SOLE		0	0	5,928
Brighthouse Financial Inc	COM	10922N103	849	17,346	SH		SOLE		0	0	17,346
MaxLinear Inc	COM	57776J100	597	26,845	SH		SOLE		0	0	26,845
Photronics Inc	COM	719405102	759	37,540	SH		SOLE		0	0	37,540
Evercore Inc	CLASS A	29977A105	865	6,275	SH		SOLE		0	0	6,275
National Fuel Gas Co	COM	636180101	681	13,110	SH		SOLE		0	0	13,110
SLM Corp	COM	78442P106	955	70,085	SH		SOLE		0	0	70,085
Bunge Limited	COM	G16962105	825	7,620	SH		SOLE		0	0	7,620
Comcast Corporation	CL A	20030N101	980	22,105	SH		SOLE		0	0	22,105
Gartner Inc	COM	366651107	804	2,340	SH		SOLE		0	0	2,340
Johnson & Johnson	COM	478160104	1,089	6,991	SH		SOLE		0	0	6,991
Jazz Pharmaceutical	SHS USD	G50871105	777	6,004	SH		SOLE		0	0	6,004
Amgen Inc.	COM	031162100	1,288	4,791	SH		SOLE		0	0	4,791
Amc Networks Inc	CL A	00164V103	252	21,360	SH		SOLE		0	0	21,360
Autonation, Inc.	COM	05329W102	1,706	11,265	SH		SOLE		0	0	11,265
Alphabet Inc	CAP STK CL A	02079K305	1,959	14,970	SH		SOLE		0	0	14,970
Regeneron Pharmaceuticals Inc	COM	75886F107	2,281	2,772	SH		SOLE		0	0	2,772
Cboe Global Mkts Inc	COM	12503M108	1,427	9,135	SH		SOLE		0	0	9,135
Hillenbrand Inc	COM	431571108	864	20,430	SH		SOLE		0	0	20,430
Kla-Tencor Corp	COM NEW	482480100	3,694	8,053	SH		SOLE		0	0	8,053
CBRE Group Inc- A	CL A	12504L109	1,436	19,440	SH		SOLE		0	0	19,440
Vista Outdoor Inc	COM	928377100	862	26,013	SH		SOLE		0	0	26,013
CVS Health Corp	COM	126650100	904	12,945	SH		SOLE		0	0	12,945
Cohu Inc	COM	192576106	1,176	34,155	SH		SOLE		0	0	34,155
John Wiley & Sons Inc CL A	CL A	968223206	965	25,955	SH		SOLE		0	0	25,955
Fiserv, Inc.	COM	337738108	1,397	12,363	SH		SOLE		0	0	12,363
Marinemax Inc	COM	567908108	666	20,290	SH		SOLE		0	0	20,290
Cummins Inc.	COM	231021106	1,352	5,917	SH		SOLE		0	0	5,917
Cisco Systems Incorporated	COM	17275R102	1,482	27,569	SH		SOLE		0	0	27,569
Discover Financial Services	COM	254709108	994	11,470	SH		SOLE		0	0	11,470
Thor Industries Incorporated	COM	885160101	1,094	11,500	SH		SOLE		0	0	11,500
Vse Corporation	COM	918284100	6,806	134,939	SH		SOLE		0	0	134,939
Mastercard, Inc.	CL A	57636Q104	1,882	4,753	SH		SOLE		0	0	4,753
M.D.C Holding Inc	COM	552676108	1,400	33,945	SH		SOLE		0	0	33,945
Amn Healthcare Services Inc	COM	001744101	1,049	12,314	SH		SOLE		0	0	12,314
Penske Automotive Group	COM	70959W103	2,189	13,105	SH		SOLE		0	0	13,105
Unum Group	COM	91529Y106	2,172	44,160	SH		SOLE		0	0	44,160
Walgreens Boots Alliance Inc	COM	931427108	668	30,055	SH		SOLE		0	0	30,055
Albertsons Co Shs Class	COMMON STOCK	013091103	1,368	60,115	SH		SOLE		0	0	60,115
Viatris Inc	COM	92556V106	1,327	134,550	SH		SOLE		0	0	134,550
Ford Motor Company	COM	345370860	1,369	110,255	SH		SOLE		0	0	110,255
Onemain Holdings Inc	COM	68268W103	1,580	39,403	SH		SOLE		0	0	39,403
Merck & Co. , Inc.	COM	58933Y105	1,959	19,030	SH		SOLE		0	0	19,030
Ryder System Inc	COM	783549108	1,945	18,185	SH		SOLE		0	0	18,185
Dell Technologies Inc	CL C	24703L202	2,474	35,900	SH		SOLE		0	0	35,900
Medifast Inc	COM	58470H101	744	9,945	SH		SOLE		0	0	9,945
Borgwarner Inc.	COM	099724106	1,978	49,005	SH		SOLE		0	0	49,005
Cencora Inc	COM	03073E105	2,576	14,314	SH		SOLE		0	0	14,314
Ziff Davis Inc	COM	48123V102	1,406	22,068	SH		SOLE		0	0	22,068
Upbound Group Inc	COM	76009N100	1,649	56,005	SH		SOLE		0	0	56,005
Hewlett Packard Enterprise Co	COM	42824C109	2,048	117,925	SH		SOLE		0	0	117,925
Western Union Company	COM	959802109	1,135	86,099	SH		SOLE		0	0	86,099
Jackson Financial Inc	COM CL A	46817M107	1,947	50,950	SH		SOLE		0	0	50,950
Costamare Inc	SHS	Y1771G102	1,652	171,712	SH		SOLE		0	0	171,712
Tegna Inc	COM	87901J105	1,434	98,390	SH		SOLE		0	0	98,390
Civitas Resources Inc Ord	COM NEW	17888H103	2,318	28,665	SH		SOLE		0	0	28,665
Pfizer Inc.	COM	717081103	1,792	54,021	SH		SOLE		0	0	54,021
Equitable Holdings Inc	COM	29452E101	2,438	85,859	SH		SOLE		0	0	85,859
Arrow Electronics Inc	COM	042735100	3,060	24,430	SH		SOLE		0	0	24,430
Cdw Corp	COM	12514G108	4,146	20,550	SH		SOLE		0	0	20,550
Broadcom Ltd	COM	11135F101	5,086	6,123	SH		SOLE		0	0	6,123
Cal Maine Foods, Inc.	COM NEW	128030202	2,244	46,350	SH		SOLE		0	0	46,350
CSG Systems Intl Inc	COM	126349109	2,598	50,825	SH		SOLE		0	0	50,825
Hp Inc	COM	40434L105	2,059	80,124	SH		SOLE		0	0	80,124
Abbvie Inc	COM	00287Y109	4,835	32,435	SH		SOLE		0	0	32,435
Nexstar Media Group Inc	COMMON STOCK	65336K103	2,312	16,124	SH		SOLE		0	0	16,124
Bristol-Myers Squibb Company	COM	110122108	2,677	46,131	SH		SOLE		0	0	46,131
Avnet Inc	COM	053807103	3,113	64,608	SH		SOLE		0	0	64,608
Victory Capital Holdings	COM CL A	92645B103	3,175	95,224	SH		SOLE		0	0	95,224
Omnicom Group Incorporated	COM	681919106	5,120	68,746	SH		SOLE		0	0	68,746
iShares Russell 1000 ETF	RUS 1000 ETF	464287622	224	952	SH		SOLE		0	0	952
Technology Select Sector SPDR ETF	TECHNOLOGY	81369Y803	295	1,800	SH		SOLE		0	0	1,800
iShares Russell Mid Growth ETF	RUS MD CP GR ETF	464287481	221	2,420	SH		SOLE		0	0	2,420
Vanguard Real Estate Index Fund ETF	REAL ESTATE ETF	922908553	228	3,007	SH		SOLE		0	0	3,007
PowerShares S&P 500 Low Volatility ETF	S&P500 LOW VOL	46138E354	559	9,500	SH		SOLE		0	0	9,500
iShares Russell 1000 Growth ETF	RUS 1000 GRW ETF	464287614	1,075	4,043	SH		SOLE		0	0	4,043
WisdomTree US Total Dividend ETF	US TOTAL DIVIDND	97717W109	787	13,080	SH		SOLE		0	0	13,080
Vanguard Small-Cap ETF	SMALL CP ETF	922908751	553	2,925	SH		SOLE		0	0	2,925
Vanguard Total World Stock ETF	TT WRLD ST ETF	922042742	668	7,173	SH		SOLE		0	0	7,173
FlexShares Global Upstream Natural Resources Index ETF	MORNSTAR UPSTR	33939L407	872	21,574	SH		SOLE		0	0	21,574
SPDR Gold Minishares ETV	SPDR GLD MINIS	98149E303	841	22,928	SH		SOLE		0	0	22,928
Ishares Residential REITs ETF	RESIDENTIAL MULT	464288562	711	10,783	SH		SOLE		0	0	10,783
Vanguard Large-Cap ETF	LARGE CAP ETF	922908637	4,357	22,263	SH		SOLE		0	0	22,263
Vanguard Mid-Cap ETF	MID CAP ETF	922908629	3,548	17,039	SH		SOLE		0	0	17,039
Vanguard FTSE Emerg Mkts ETF	FTSE EMR MKT ETF	922042858	1,339	34,142	SH		SOLE		0	0	34,142
Vanguard Total Stock Mkt ETF	TOTAL STK MKT	922908769	2,825	13,299	SH		SOLE		0	0	13,299
Ishares Micro Cap ETF	MICRO-CAP ETF	464288869	2,149	21,470	SH		SOLE		0	0	21,470
FlexShares iBoxx 5-Yr Target Duration TIPS Index	IBOXX 5YR TRGT	33939L605	3,663	159,692	SH		SOLE		0	0	159,692
Ishares Russell 2500 ETF	RUSEL 2500 ETF	46435G268	7,592	139,273	SH		SOLE		0	0	139,273
JPMorgan Ultra Short Income ETF	ULTRA SHRT INC	46641Q837	8,634	172,069	SH		SOLE		0	0	172,069