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	443	31,000	SH		SOLE		0	0	31,000
Stryker Corporation	COM	863667101	234,178	782	SH		SOLE		0	0	782
Berkshire Hathaway Inc.	CL B NEW	084670702	266,782	748	SH		SOLE		0	0	748
Visa Incorporation	COM CL A	92826C839	202,032	776	SH		SOLE		0	0	776
Caterpillar Inc.	COM	149123101	211,108	714	SH		SOLE		0	0	714
Lam Research Corp	COM	512807108	395,546	505	SH		SOLE		0	0	505
Microsoft Corporation	COM	594918104	776,899	2,066	SH		SOLE		0	0	2,066
Darling Ingredients Inc	COM	237266101	414,669	8,320	SH		SOLE		0	0	8,320
Astrazeneca Plc	SPONSORED ADR	046353108	225,016	3,341	SH		SOLE		0	0	3,341
KB Home	COM	48666K109	245,468	3,930	SH		SOLE		0	0	3,930
Patrick Industries Inc	COM	703343103	287,001	2,860	SH		SOLE		0	0	2,860
Csx Corporation	COM	126408103	244,215	7,044	SH		SOLE		0	0	7,044
JANUS INTERNATIONAL GROUP ORD	COMMON STOCK	47103N106	175,784	13,470	SH		SOLE		0	0	13,470
Lendingclub Corp	COM NEW	52603A208	99,855	11,425	SH		SOLE		0	0	11,425
D R Horton Co	COM	23331A109	363,688	2,393	SH		SOLE		0	0	2,393
Novartis Ag	SPONSORED ADR	66987V109	239,299	2,370	SH		SOLE		0	0	2,370
Stride Inc	COM	86333M108	281,711	4,745	SH		SOLE		0	0	4,745
Park hotels and Resorts INC	COM	700517105	200,430	13,100	SH		SOLE		0	0	13,100
Cardinal Health, Inc.	COM	14149Y108	326,592	3,240	SH		SOLE		0	0	3,240
Chevron Corporation	COM NEW	166764100	266,698	1,788	SH		SOLE		0	0	1,788
Jpmorgan Chase & Co.	COM	46625H100	271,480	1,596	SH		SOLE		0	0	1,596
Union Pacific Corporation	COM	907818108	399,133	1,625	SH		SOLE		0	0	1,625
Global Payments Inc.	COM	37940X102	320,548	2,524	SH		SOLE		0	0	2,524
Veeco Instruments Inc.	COM	922417100	306,887	9,890	SH		SOLE		0	0	9,890
Service Properties Trust	COM SH BEN INT	81761L102	236,814	27,730	SH		SOLE		0	0	27,730
TKO GROUP HOLDINGS INC CLASS A	CL A	87256C101	346,307	4,245	SH		SOLE		0	0	4,245
Exxon Mobil Corporation	COM	30231G102	502,200	5,023	SH		SOLE		0	0	5,023
L3harris Technologies Inc	COM	502431109	231,682	1,100	SH		SOLE		0	0	1,100
Qualcomm Incorporated	COM	747525103	291,429	2,015	SH		SOLE		0	0	2,015
Tapestry Inc	COM	876030107	277,731	7,545	SH		SOLE		0	0	7,545
Camping World Holdings I	CL A	13462K109	240,148	9,145	SH		SOLE		0	0	9,145
Beacon Roofing Supply Inc	COM	073685109	385,934	4,435	SH		SOLE		0	0	4,435
CACI International Inc	CL A	127190304	362,399	1,119	SH		SOLE		0	0	1,119
Radian Group Inc	COM	750236101	383,712	13,440	SH		SOLE		0	0	13,440
Vistra Energy Corp	COM	92840M102	570,289	14,805	SH		SOLE		0	0	14,805
Gilead Sciences, Inc.	COM	375558103	290,583	3,587	SH		SOLE		0	0	3,587
Werner Enterprises Inc	COM	950755108	309,725	7,310	SH		SOLE		0	0	7,310
Sanofi S.A.	SPONSORED ADR	80105N105	277,493	5,580	SH		SOLE		0	0	5,580
Brookfield Infrastructure Corp	SHS A	11275Q107	222,335	6,302	SH		SOLE		0	0	6,302
Lear Corporation	COM NEW	521865204	368,699	2,611	SH		SOLE		0	0	2,611
Hibbett Sports Inc	COM	428567101	295,282	4,100	SH		SOLE		0	0	4,100
Capital Bancorp Inc MD	COM	168565109	2,158,398	89,190	SH		SOLE		0	0	89,190
Group 1 Automotive Inc	COM	398905109	655,191	2,150	SH		SOLE		0	0	2,150
Masco Corp	COM	574599106	326,193	4,870	SH		SOLE		0	0	4,870
ArcBest Corp	COM	03937C105	387,677	3,225	SH		SOLE		0	0	3,225
Winnebago Industries Inc	COM	974637100	309,011	4,240	SH		SOLE		0	0	4,240
Masonite Intl Corp	COM	575385109	232,392	2,745	SH		SOLE		0	0	2,745
Meritage Homes Corp	COM	59001A102	638,443	3,665	SH		SOLE		0	0	3,665
Xperi Holding Corp	COM	00676P107	438,742	35,411	SH		SOLE		0	0	35,411
At&T Inc.	COM	00206R102	262,859	15,665	SH		SOLE		0	0	15,665
Ultra Clean Holdings Inc	COM	90385V107	335,255	9,820	SH		SOLE		0	0	9,820
Medpace Holdings Inc	COM	58506Q109	1,088,488	3,551	SH		SOLE		0	0	3,551
NortonLifeLock Inc	COM	668771108	287,304	12,590	SH		SOLE		0	0	12,590
Mueller Industries Inc	COM	624756102	547,176	11,605	SH		SOLE		0	0	11,605
J M Smucker Co	COM NEW	832696405	350,073	2,770	SH		SOLE		0	0	2,770
Owens Corning Fiberglas	NEW COM	690742101	569,203	3,840	SH		SOLE		0	0	3,840
Meta Platforms Inc	CL A	30303M102	447,759	1,265	SH		SOLE		0	0	1,265
Aes Corp	COM	00130H105	543,466	28,232	SH		SOLE		0	0	28,232
Intel Corporation	COM	458140100	459,622	9,147	SH		SOLE		0	0	9,147
Teekay Tankers Ltd	CL A	Y8565N300	398,761	7,980	SH		SOLE		0	0	7,980
S&P Global Inc	COM	78409V104	702,629	1,595	SH		SOLE		0	0	1,595
International Business Machine	COM	459200101	549,364	3,359	SH		SOLE		0	0	3,359
Qorvo Inc	COM	74736K101	310,804	2,760	SH		SOLE		0	0	2,760
Lyondellbasell Industries Nv	SHS - A -	N53745100	433,089	4,555	SH		SOLE		0	0	4,555
Magna International Inc	COM	559222401	545,308	9,230	SH		SOLE		0	0	9,230
Carlyle Group Lp	COM	14316J108	538,207	13,227	SH		SOLE		0	0	13,227
Medical Properties Trust Inc	COM	58463J304	183,462	37,365	SH		SOLE		0	0	37,365
Norfolk Southern Corporation	COM	655844108	969,394	4,101	SH		SOLE		0	0	4,101
Ugi Corporation	COM NEW	902681105	266,787	10,845	SH		SOLE		0	0	10,845
Polaris Industries	COM	731068102	333,117	3,515	SH		SOLE		0	0	3,515
United Rentals, Inc.	COM	911363109	2,185,877	3,812	SH		SOLE		0	0	3,812
Fleetcor Technologies Inc	COM	339041105	590,655	2,090	SH		SOLE		0	0	2,090
Texas Instruments Incorporated	COM	882508104	983,043	5,767	SH		SOLE		0	0	5,767
Evercore Inc	CLASS A	29977A105	670,516	3,920	SH		SOLE		0	0	3,920
Sprouts Farmers Market Inc	COM	85208M102	952,819	19,805	SH		SOLE		0	0	19,805
Warrior Met Coal Inc	COM	93627C101	833,155	13,665	SH		SOLE		0	0	13,665
Wabash National Corp	COM	929566107	551,342	21,520	SH		SOLE		0	0	21,520
Hca Healthcare Inc	COM	40412C101	1,357,460	5,015	SH		SOLE		0	0	5,015
Expedia Group Inc	COM NEW	30212P303	700,511	4,615	SH		SOLE		0	0	4,615
O'Reilly Automotive, Inc.	COM	67103H107	1,798,501	1,893	SH		SOLE		0	0	1,893
Deere & Co	COM	244199105	541,024	1,353	SH		SOLE		0	0	1,353
Malibu Boats Inc	COM CL A	56117J100	563,714	10,283	SH		SOLE		0	0	10,283
Apollo Global Management Inc	COM	03769M106	574,050	6,160	SH		SOLE		0	0	6,160
Arbor Realty Trust	COM	038923108	619,724	40,825	SH		SOLE		0	0	40,825
Taylor Morrison Home Corp	COM	87724P106	1,255,059	23,525	SH		SOLE		0	0	23,525
Diodes Inc	COM	254543101	606,718	7,535	SH		SOLE		0	0	7,535
Affiliated Managers Group Inc	COM	008252108	610,980	4,035	SH		SOLE		0	0	4,035
Cirrus Logic Inc	COM	172755100	631,828	7,595	SH		SOLE		0	0	7,595
Apple Inc.	COM	037833100	3,911,844	20,318	SH		SOLE		0	0	20,318
Altria Group, Inc.	COM	02209S103	584,809	14,497	SH		SOLE		0	0	14,497
Valero Energy Corporation	COM	91913Y100	1,086,670	8,359	SH		SOLE		0	0	8,359
Innoviva Inc	COM	45781M101	554,824	34,590	SH		SOLE		0	0	34,590
Restaurant Brands International Inc.	COM	76131D103	835,210	10,690	SH		SOLE		0	0	10,690
Progress Software Corp	COM	743312100	757,757	13,955	SH		SOLE		0	0	13,955
Mckesson Corporation	COM	58155Q103	964,387	2,083	SH		SOLE		0	0	2,083
Navient Corp	COM	63938C108	1,001,104	53,765	SH		SOLE		0	0	53,765
Molson Coors Beverages Co B	CL B	60871R209	872,549	14,255	SH		SOLE		0	0	14,255
Fidelity National Information	COM	31620M106	650,558	10,830	SH		SOLE		0	0	10,830
Marriott International, Inc.	CL A	571903202	784,324	3,478	SH		SOLE		0	0	3,478
Green Brick Partners Inc	COM	392709101	747,936	14,400	SH		SOLE		0	0	14,400
SLM Corp	COM	78442P106	1,156,473	60,485	SH		SOLE		0	0	60,485
Builders Firstsource Inc	COM	12008R107	1,630,169	9,765	SH		SOLE		0	0	9,765
Accenture Plc	SHS CLASS A	G1151C101	1,981,940	5,648	SH		SOLE		0	0	5,648
Brighthouse Financial Inc	COM	10922N103	868,999	16,421	SH		SOLE		0	0	16,421
PBF Energy Inc	CL A	69318G106	721,164	16,405	SH		SOLE		0	0	16,405
Marinemax Inc	COM	567908108	591,280	15,200	SH		SOLE		0	0	15,200
Hillenbrand Inc	COM	431571108	798,617	16,690	SH		SOLE		0	0	16,690
CBRE Group Inc- A	CL A	12504L109	1,496,701	16,078	SH		SOLE		0	0	16,078
National Fuel Gas Co	COM	636180101	656,224	13,080	SH		SOLE		0	0	13,080
Amc Networks Inc	CL A	00164V103	376,927	20,060	SH		SOLE		0	0	20,060
Comcast Corporation	CL A	20030N101	950,142	21,668	SH		SOLE		0	0	21,668
Amgen Inc.	COM	031162100	1,330,940	4,621	SH		SOLE		0	0	4,621
Autonation, Inc.	COM	05329W102	1,589,655	10,585	SH		SOLE		0	0	10,585
Organon & Co	COMMON STOCK	68622V106	543,778	37,710	SH		SOLE		0	0	37,710
Cars.Com Inc	COM	14575E105	806,320	42,505	SH		SOLE		0	0	42,505
Bloomin Brands Inc	COM	094235108	992,288	35,250	SH		SOLE		0	0	35,250
Johnson & Johnson	COM	478160104	1,125,084	7,178	SH		SOLE		0	0	7,178
Alphabet Inc	CAP STK CL A	02079K305	2,037,658	14,587	SH		SOLE		0	0	14,587
Kla-Tencor Corp	COM NEW	482480100	4,445,782	7,648	SH		SOLE		0	0	7,648
Regeneron Pharmaceuticals Inc	COM	75886F107	2,368,385	2,697	SH		SOLE		0	0	2,697
Vista Outdoor Inc	COM	928377100	726,032	24,553	SH		SOLE		0	0	24,553
Cboe Global Mkts Inc	COM	12503M108	1,596,326	8,940	SH		SOLE		0	0	8,940
Celestica Inc	SUB VTG SHS	15101Q108	1,170,907	39,990	SH		SOLE		0	0	39,990
United Therapeutics Corporatio	COM	91307C102	926,177	4,212	SH		SOLE		0	0	4,212
Walgreens Boots Alliance Inc	COM	931427108	493,479	18,900	SH		SOLE		0	0	18,900
Cohu Inc	COM	192576106	1,141,858	32,265	SH		SOLE		0	0	32,265
CVS Health Corp	COM	126650100	990,948	12,550	SH		SOLE		0	0	12,550
Thor Industries Incorporated	COM	885160101	1,221,050	10,326	SH		SOLE		0	0	10,326
H&R Block Inc	COM	093671105	1,256,411	25,975	SH		SOLE		0	0	25,975
Cummins Inc.	COM	231021106	1,418,734	5,922	SH		SOLE		0	0	5,922
Federated Hermes Inc	CL B	314211103	1,080,981	31,925	SH		SOLE		0	0	31,925
Jazz Pharmaceutical	SHS USD	G50871105	959,277	7,799	SH		SOLE		0	0	7,799
MaxLinear Inc	COM	57776J100	1,015,454	42,720	SH		SOLE		0	0	42,720
M.D.C Holding Inc	COM	552676108	1,750,320	31,680	SH		SOLE		0	0	31,680
Vse Corporation	COM	918284100	8,608,572	133,239	SH		SOLE		0	0	133,239
Discover Financial Services	COM	254709108	1,421,860	12,650	SH		SOLE		0	0	12,650
Photronics Inc	COM	719405102	1,742,447	55,545	SH		SOLE		0	0	55,545
Gartner Inc	COM	366651107	1,469,716	3,258	SH		SOLE		0	0	3,258
Penske Automotive Group	COM	70959W103	2,016,808	12,565	SH		SOLE		0	0	12,565
Fiserv, Inc.	COM	337738108	1,881,413	14,163	SH		SOLE		0	0	14,163
John Wiley & Sons Inc CL A	CL A	968223206	1,110,107	34,975	SH		SOLE		0	0	34,975
Bunge Limited	COM	G16962105	1,263,389	12,515	SH		SOLE		0	0	12,515
Albertsons Co Shs Class	COMMON STOCK	013091103	1,318,935	57,345	SH		SOLE		0	0	57,345
Unum Group	COM	91529Y106	1,954,635	43,225	SH		SOLE		0	0	43,225
Cisco Systems Incorporated	COM	17275R102	1,690,854	33,469	SH		SOLE		0	0	33,469
Onemain Holdings Inc	COM	68268W103	1,854,004	37,683	SH		SOLE		0	0	37,683
Kraft Heinz Co	COM	500754106	1,474,762	39,880	SH		SOLE		0	0	39,880
Merck & Co. , Inc.	COM	58933Y105	2,030,498	18,625	SH		SOLE		0	0	18,625
Medifast Inc	COM	58470H101	608,677	9,055	SH		SOLE		0	0	9,055
Ziff Davis Inc	COM	48123V102	1,283,531	19,103	SH		SOLE		0	0	19,103
Amn Healthcare Services Inc	COM	001744101	1,186,773	15,849	SH		SOLE		0	0	15,849
Borgwarner Inc.	COM	099724106	1,736,574	48,440	SH		SOLE		0	0	48,440
Mastercard, Inc.	CL A	57636Q104	2,459,296	5,766	SH		SOLE		0	0	5,766
Ryder System Inc	COM	783549108	2,193,044	19,060	SH		SOLE		0	0	19,060
Western Union Company	COM	959802109	937,258	78,629	SH		SOLE		0	0	78,629
Ford Motor Company	COM	345370860	1,593,599	130,730	SH		SOLE		0	0	130,730
Viatris Inc	COM	92556V106	1,803,303	166,510	SH		SOLE		0	0	166,510
Upbound Group Inc	COM	76009N100	1,904,528	56,065	SH		SOLE		0	0	56,065
Tegna Inc	COM	87901J105	1,460,538	95,460	SH		SOLE		0	0	95,460
Cal Maine Foods, Inc.	COM NEW	128030202	2,028,737	35,350	SH		SOLE		0	0	35,350
Dell Technologies Inc	CL C	24703L202	2,975,085	38,890	SH		SOLE		0	0	38,890
Jackson Financial Inc	COM CL A	46817M107	2,627,072	51,310	SH		SOLE		0	0	51,310
Pfizer Inc.	COM	717081103	1,386,557	48,161	SH		SOLE		0	0	48,161
Cencora Inc	COM	03073E105	3,261,229	15,879	SH		SOLE		0	0	15,879
Civitas Resources Inc Ord	COM NEW	17888H103	2,082,171	30,450	SH		SOLE		0	0	30,450
Arrow Electronics Inc	COM	042735100	2,877,765	23,540	SH		SOLE		0	0	23,540
Hewlett Packard Enterprise Co	COM	42824C109	2,434,592	143,380	SH		SOLE		0	0	143,380
Costamare Inc	SHS	Y1771G102	2,234,132	214,614	SH		SOLE		0	0	214,614
CSG Systems Intl Inc	COM	126349109	2,618,464	49,210	SH		SOLE		0	0	49,210
Broadcom Ltd	COM	11135F101	6,873,868	6,158	SH		SOLE		0	0	6,158
Nexstar Media Group Inc	COMMON STOCK	65336K103	2,511,762	16,024	SH		SOLE		0	0	16,024
Cdw Corp	COM	12514G108	4,943,755	21,748	SH		SOLE		0	0	21,748
Equitable Holdings Inc	COM	29452E101	3,322,308	99,769	SH		SOLE		0	0	99,769
Hp Inc	COM	40434L105	2,651,079	88,105	SH		SOLE		0	0	88,105
Abbvie Inc	COM	00287Y109	5,186,536	33,468	SH		SOLE		0	0	33,468
Bristol-Myers Squibb Company	COM	110122108	2,398,281	46,741	SH		SOLE		0	0	46,741
Victory Capital Holdings	COM CL A	92645B103	3,252,996	94,454	SH		SOLE		0	0	94,454
Avnet Inc	COM	053807103	4,039,711	80,153	SH		SOLE		0	0	80,153
Omnicom Group Incorporated	COM	681919106	6,123,697	70,786	SH		SOLE		0	0	70,786
iShares Russell 1000 ETF	RUS 1000 ETF	464287622	240,492	917	SH		SOLE		0	0	917
Schwab Fundamental US Broad Market ETF	SCHWAB FDT US BM	808524789	200,041	3,274	SH		SOLE		0	0	3,274
Technology Select Sector SPDR ETF	TECHNOLOGY	81369Y803	346,464	1,800	SH		SOLE		0	0	1,800
iShares S&P Small-Cap 600 Value ETF	SP SMCP600VL ETF	464287879	206,655	2,005	SH		SOLE		0	0	2,005
iShares Russell Mid Growth ETF	RUS MD CP GR ETF	464287481	252,793	2,420	SH		SOLE		0	0	2,420
Vanguard Real Estate Index Fund ETF	REAL ESTATE ETF	922908553	261,634	2,961	SH		SOLE		0	0	2,961
PowerShares S&P 500 Low Volatility ETF	S&P500 LOW VOL	46138E354	595,270	9,500	SH		SOLE		0	0	9,500
iShares Russell 1000 Growth ETF	RUS 1000 GRW ETF	464287614	1,224,200	4,038	SH		SOLE		0	0	4,038
WisdomTree US Total Dividend ETF	US TOTAL DIVIDND	97717W109	855,170	13,080	SH		SOLE		0	0	13,080
Vanguard Short-Term Treasury ETF	SHORT TERM TREAS	92206C102	415,776	7,128	SH		SOLE		0	0	7,128
Vanguard Small-Cap ETF	SMALL CP ETF	922908751	623,990	2,925	SH		SOLE		0	0	2,925
Vanguard Total World Stock ETF	TT WRLD ST ETF	922042742	803,287	7,808	SH		SOLE		0	0	7,808
FlexShares Global Upstream Natural Resources Index ETF	MORNSTAR UPSTR	33939L407	858,476	20,964	SH		SOLE		0	0	20,964
SPDR Gold Minishares ETV	SPDR GLD MINIS	98149E303	896,706	21,919	SH		SOLE		0	0	21,919
Ishares Residential REITs ETF	RESIDENTIAL MULT	464288562	773,798	10,525	SH		SOLE		0	0	10,525
First Trust Dow Jones Sel MicroCap ETF	COM SHS ANNUAL	33718M105	976,778	15,924	SH		SOLE		0	0	15,924
Vanguard Large-Cap ETF	LARGE CAP ETF	922908637	4,856,673	22,263	SH		SOLE		0	0	22,263
Vanguard Mid-Cap ETF	MID CAP ETF	922908629	3,963,953	17,039	SH		SOLE		0	0	17,039
Vanguard FTSE Emerg Mkts ETF	FTSE EMR MKT ETF	922042858	1,258,729	30,626	SH		SOLE		0	0	30,626
Ishares Micro Cap ETF	MICRO-CAP ETF	464288869	1,975,643	17,027	SH		SOLE		0	0	17,027
Vanguard Total Stock Mkt ETF	TOTAL STK MKT	922908769	3,382,063	14,257	SH		SOLE		0	0	14,257
FlexShares iBoxx 5-Yr Target Duration TIPS Index	IBOXX 5YR TRGT	33939L605	3,602,204	152,442	SH		SOLE		0	0	152,442
JPMorgan Ultra Short Income ETF	ULTRA SHRT INC	46641Q837	8,280,968	164,861	SH		SOLE		0	0	164,861
Ishares Russell 2500 ETF	RUSEL 2500 ETF	46435G268	9,132,740	148,331	SH		SOLE		0	0	148,331