Kendall Capital Management
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Kendall Capital Management reported 209 stock positions worth $299.9 million. Its top holding was iShares Russell 2500 ETF (SMMD) at 3.5% of the portfolio, followed by Broadcom (AVGO, 3.5%) and Vse (VSEC, 2.9%). Compared with Q1 2024, it opened 12 new positions, sold out of 13, added to 74 and reduced 92. The biggest buy was a new position in iShares Core MSCI Eafe ETF (IEFA) and the biggest sale an exit from M D C.
- Most Recent 13F
- Q2 2026
- Location
- ROCKVILLE, MD
- CIK
- 0001731372
- Portfolio Value
- $299.9M (Q2 2024)
- SEC Filing
- 0001731372-24-000003 ↗ filed Aug 12, 2024
Holdings Value
Holdings 209 stocks · $299.9M
| SMMD iShares Russell 2500 ETF | 3.51% | 167,949 | $10.5M | Add +6.7% |
| AVGO Broadcom Inc. | 3.47% | 6,481 | $10.4M | Add +5.3% |
| VSEC Vse Corp. | 2.93% | 99,650 | $8.8M | Reduce -8.3% |
| JPST JPMorgan Ultra-Short Income | 2.60% | 154,729 | $7.8M | Reduce -8.0% |
| OMC Omnicom Group | 2.41% | 80,440 | $7.2M | Add +8.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.05% | 16,464 | $6.2M | Add +16.5% |
| AVT Avnet Inc. | 2.04% | 118,843 | $6.1M | Add +21.2% |
| KLAC KLA Corp. | 1.93% | 7,035 | $5.8M | Reduce -3.2% |
| ABBV Abbvie Inc. | 1.87% | 32,727 | $5.6M | Reduce -0.4% |
| IEFA iShares Core MSCI Eafe ETF | 1.86% | 76,860 | $5.6M | New |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.84% | 22,158 | $5.5M | Reduce -0.5% |
| CDW CDW Corp. | 1.81% | 24,301 | $5.4M | Add +7.9% |
| DELL Dell Technologies -C | 1.68% | 36,525 | $5.0M | Reduce -5.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.61% | 19,889 | $4.8M | No change |
| EQH Equitable Holdings Inc. | 1.54% | 112,729 | $4.6M | Add +3.1% |
| VCTR Victory Capital Holding - A | 1.51% | 94,949 | $4.5M | Add +0.8% |
| AAPL Apple Inc. | 1.42% | 20,219 | $4.3M | Add +0.1% |
| CMRE Costamare Inc. | 1.34% | 245,094 | $4.0M | Add +4.1% |
| HPE Hewlett Packard Enterprise | 1.31% | 185,320 | $3.9M | Add +15.6% |
| COR Cencora Inc. | 1.28% | 17,084 | $3.8M | Add +2.6% |
| VTI VG Morningstar TS MKT ETF-US | 1.26% | 14,079 | $3.8M | Reduce -0.3% |
| JXN Jackson Financial Inc. Class A | 1.25% | 50,400 | $3.7M | Add +1.7% |
| HPQ HP Inc. | 1.21% | 103,924 | $3.6M | Add +10.3% |
| TDTF NT Iboxx 5Y Dur Tips ETF | 1.04% | 133,908 | $3.1M | Reduce -11.2% |
| GOOGL Alphabet Inc. Class A | 0.96% | 15,770 | $2.9M | Add +5.6% |
| ARW Arrow Electronics Inc. | 0.94% | 23,260 | $2.8M | Add +0.9% |
| MA Mastercard Inc. Class A | 0.90% | 6,101 | $2.7M | Add +0.8% |
| CLS Celestica Inc. | 0.85% | 44,455 | $2.5M | Reduce -2.3% |
| REGN Regeneron Pharmaceuticals | 0.85% | 2,417 | $2.5M | Reduce -2.8% |
| WLY Wiley (john) & Sons Class A | 0.82% | 60,317 | $2.5M | Add +43.3% |
| IWC iShares Micro-Cap ETF | 0.79% | 20,760 | $2.4M | Add +0.5% |
| MRK Merck & Co. Inc. | 0.78% | 18,955 | $2.3M | Add +5.9% |
| R Ryder System Inc. | 0.78% | 18,895 | $2.3M | Reduce -0.9% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.76% | 42,290 | $2.3M | Add +36.4% |
| UNM Unum Group | 0.74% | 43,595 | $2.2M | Add +0.4% |
| FISV Fiserv Inc. | 0.74% | 14,878 | $2.2M | Add +1.6% |
| CALM Cal-Maine Foods Inc. | 0.72% | 35,400 | $2.2M | Add +1.7% |
| URI United Rentals Inc. | 0.71% | 3,314 | $2.1M | Reduce -3.7% |
| VTRS Viatris Inc. | 0.71% | 200,270 | $2.1M | Add +10.0% |
| KHC The Kraft Heinz Co. | 0.69% | 64,045 | $2.1M | Add +36.3% |
| CIVI Civitas Resources Inc. | 0.69% | 29,880 | $2.1M | Reduce -0.1% |
| CMI Cummins Inc. | 0.68% | 7,412 | $2.1M | Add +11.0% |
| IT Gartner Inc. | 0.67% | 4,462 | $2.0M | Add +21.8% |
| CSGS CSG Systems Intl Inc. | 0.67% | 48,555 | $2.0M | Reduce -0.6% |
| UTHR United Therapeutics Corp. | 0.66% | 6,202 | $2.0M | Add +9.7% |
| BMY Bristol-Myers Squibb Co. | 0.65% | 46,942 | $1.9M | Reduce -3.2% |
| ORLY O'reilly Automotive Inc. | 0.64% | 1,828 | $1.9M | Reduce -0.8% |
| FHI Federated Hermes Inc. | 0.64% | 58,230 | $1.9M | Add +18.8% |
| NXST Nexstar Media Group Inc. | 0.62% | 11,114 | $1.8M | Reduce -23.5% |
| F Ford Motor Co. filed as FORD MTR CO DEL | 0.59% | 142,150 | $1.8M | Add +1.4% |
| ACN Accenture PLC Class A | 0.56% | 5,580 | $1.7M | Add +0.0% |
| CBNK Capital Bancorp Inc. | 0.56% | 81,190 | $1.7M | New |
| UPBD Upbound Group Inc. | 0.55% | 54,090 | $1.7M | Reduce -0.4% |
| PAG Penske Automotive Group Inc. | 0.55% | 11,140 | $1.7M | Reduce -6.1% |
| CSCO Cisco Systems Inc. | 0.55% | 34,669 | $1.6M | Add +0.1% |
| OMF Onemain Holdings Inc. | 0.55% | 33,823 | $1.6M | Reduce -6.5% |
| AN Autonation Inc. | 0.54% | 10,075 | $1.6M | Reduce -3.9% |
| CBOE Cboe Global Markets Inc. | 0.53% | 9,410 | $1.6M | Add +0.9% |
| BG Bunge Global SA | 0.52% | 14,470 | $1.5M | Add +0.2% |
| BWA Borgwarner Inc. | 0.51% | 47,290 | $1.5M | Add +2.4% |
| HCA HCA Healthcare Inc. | 0.51% | 4,725 | $1.5M | Reduce -0.5% |
| MCK McKesson Corp. | 0.49% | 2,510 | $1.5M | Add +13.8% |
| PLAB Photronics Inc. | 0.48% | 58,035 | $1.4M | Add +3.0% |
| VWO Vanguard Ftse Emerging Marke | 0.45% | 30,584 | $1.3M | Reduce -0.8% |
| SFM Sprouts Farmers Market Inc. | 0.45% | 15,960 | $1.3M | Reduce -13.5% |
| MEDP Medpace Holdings Inc. | 0.44% | 3,215 | $1.3M | Reduce -6.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.44% | 6,025 | $1.3M | No change |
| FDM First Trust Dow J Select Mic | 0.43% | 21,759 | $1.3M | No change |
| AMGN Amgen Inc. | 0.43% | 4,110 | $1.3M | Reduce -9.2% |
| CARS Cars.com Inc. | 0.43% | 64,995 | $1.3M | Add +8.2% |
| TMHC Taylor Morrison Home Corp. | 0.42% | 22,675 | $1.3M | Reduce -1.3% |
| VLO Valero Energy Corp. | 0.41% | 7,776 | $1.2M | Reduce -2.3% |
| BLDR Builders Firstsource Inc. | 0.41% | 8,775 | $1.2M | Reduce -3.9% |
| IWF iShares Russell 1000 Growth | 0.40% | 3,285 | $1.2M | Reduce -14.4% |
| SLM SLM Corp. | 0.39% | 56,285 | $1.2M | Reduce -0.9% |
| CRUS Cirrus Logic Inc. | 0.39% | 9,095 | $1.2M | Add +13.8% |
| TGNA Tegna Inc. | 0.38% | 81,537 | $1.1M | Reduce -9.7% |
| ACI Albertsons Cos Inc. Class A | 0.37% | 56,395 | $1.1M | Reduce -1.2% |
| JNJ Johnson & Johnson | 0.37% | 7,543 | $1.1M | Add +5.1% |
| VST Vistra Corp. | 0.37% | 12,775 | $1.1M | Reduce -9.0% |
| OGN Organon & Co. | 0.36% | 51,905 | $1.1M | Add +20.9% |
| CBRE CBRE Group Inc. Class A | 0.36% | 12,050 | $1.1M | Reduce -2.3% |
| LRN Stride Inc. | 0.35% | 14,820 | $1.0M | Add +89.8% |
| GRBK Green Brick Partners Inc. | 0.34% | 17,883 | $1.0M | Add +1.8% |
| MAR Marriott International Class A | 0.33% | 4,073 | $985K | Add +9.1% |
| MSFT Microsoft Corp. | 0.32% | 2,169 | $969K | Add +5.0% |
| DFS Discover Financial Services | 0.32% | 7,365 | $963K | Reduce -33.4% |
| VSTO Vista Outdoor Inc. | 0.31% | 24,913 | $938K | Add +5.1% |
| COHU Cohu Inc. | 0.31% | 28,045 | $928K | Reduce -6.6% |
| TNK Teekay Tankers Ltd. Class A | 0.31% | 13,310 | $916K | Add +31.5% |
| JAZZ Jazz Pharmaceuticals PLC | 0.30% | 8,449 | $902K | Reduce -2.3% |
| GLDM SPDR Gold Minishares Trust | 0.30% | 19,385 | $893K | Reduce -11.4% |
| EXPE Expedia Group Inc. | 0.30% | 7,060 | $889K | Add +8.7% |
| META Meta Platforms Inc. Class A | 0.29% | 1,753 | $884K | Add +2.8% |
| VT Vanguard Tot World STK ETF | 0.29% | 7,845 | $884K | Add +0.0% |
| ZD Ziff Davis Inc. | 0.29% | 15,788 | $869K | Reduce -4.7% |
| HCC Warrior Met Coal Inc. | 0.29% | 13,660 | $857K | Reduce -0.7% |
| CMCSA Comcast Corp. Class A | 0.28% | 21,518 | $843K | No change |
| BLMN Bloomin' Brands Inc. | 0.28% | 43,255 | $832K | Add +7.4% |
| TXN Texas Instruments Inc. | 0.27% | 4,170 | $811K | Reduce -13.0% |
Portfolio Sells Q1 2024 → Q2 2024
| M D C HLDGS INC | Sold out | 0.00% | −0.64 |
| CHICOPEE BANCORP INC | Sold out | 0.00% | −0.60 |
| JPST JPMorgan Ultra-Short Income | Reduce -8.0% | 2.60% | −0.32 |
| BMY Bristol-Myers Squibb Co. | Reduce -3.2% | 0.65% | −0.25 |
| BLDR Builders Firstsource Inc. | Reduce -3.9% | 0.41% | −0.25 |
| NXST Nexstar Media Group Inc. | Reduce -23.5% | 0.62% | −0.25 |
| CSGS CSG Systems Intl Inc. | Reduce -0.6% | 0.67% | −0.20 |
| PFE Pfizer Inc. | Reduce -60.5% | 0.12% | −0.19 |
| ABBV Abbvie Inc. | Reduce -0.4% | 1.87% | −0.19 |
| TDTF NT Iboxx 5Y Dur Tips ETF | Reduce -11.2% | 1.04% | −0.18 |
| DFS Discover Financial Services | Reduce -33.4% | 0.32% | −0.18 |
| ARCB Arcbest Corp. | Sold out | 0.00% | −0.14 |
| URI United Rentals Inc. | Reduce -3.7% | 0.71% | −0.14 |
| THO Thor Industries Inc. | Reduce -22.9% | 0.20% | −0.14 |
| AMN Amn Healthcare Services Inc. | Reduce -14.4% | 0.27% | −0.13 |
| HI Hillenbrand Inc. | Reduce -34.2% | 0.12% | −0.12 |
| MED Medifast Inc. | Sold out | 0.00% | −0.11 |
| DOOR Masonite International Corp. | Sold out | 0.00% | −0.11 |
| PAG Penske Automotive Group Inc. | Reduce -6.1% | 0.55% | −0.11 |
| UPBD Upbound Group Inc. | Reduce -0.4% | 0.55% | −0.10 |
| WGO Winnebago Industries | Sold out | 0.00% | −0.10 |
| CIVI Civitas Resources Inc. | Reduce -0.1% | 0.69% | −0.09 |
| OMF Onemain Holdings Inc. | Reduce -6.5% | 0.55% | −0.09 |
| TAP Molson Coors Beverage Co. Class B | Reduce -0.5% | 0.24% | −0.09 |
| WU Western Union Co. | Reduce -12.4% | 0.25% | −0.09 |
| TGNA Tegna Inc. | Reduce -9.7% | 0.38% | −0.09 |
| CG The Carlyle Group Inc. | Sold out | 0.00% | −0.08 |
| VYX NCR Voyix Corp. | Reduce -26.8% | 0.18% | −0.08 |
| T AT&T Inc. | Sold out | 0.00% | −0.08 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.08 |
| INTC Intel Corp. | Sold out | 0.00% | −0.08 |
| NAVI Navient Corp. | Reduce -6.9% | 0.23% | −0.07 |
| PBF PBF Energy Inc. Class A | Reduce -1.1% | 0.24% | −0.07 |
| BIPC Brookfield Infrastructure-A | Sold out | 0.00% | −0.07 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.07 |
| TMHC Taylor Morrison Home Corp. | Reduce -1.3% | 0.42% | −0.07 |
| ORLY O'reilly Automotive Inc. | Reduce -0.8% | 0.64% | −0.07 |
| FNDB Schwab Fndmntl US BRD Mr ETF | Sold out | 0.00% | −0.07 |
| XOM Exxon Mobil Corp. | Reduce -34.9% | 0.12% | −0.07 |
| ZD Ziff Davis Inc. | Reduce -4.7% | 0.29% | −0.07 |
| MGA Magna International Inc. | Reduce -20.3% | 0.09% | −0.06 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -29.1% | 0.13% | −0.06 |
| NSC Norfolk Southern Corp. | Reduce -3.9% | 0.23% | −0.06 |
| AN Autonation Inc. | Reduce -3.9% | 0.54% | −0.06 |
| MXL Maxlinear Inc. | Reduce -28.1% | 0.19% | −0.06 |
| VLO Valero Energy Corp. | Reduce -2.3% | 0.41% | −0.06 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -2.3% | 0.30% | −0.06 |
| VSEC Vse Corp. | Reduce -8.3% | 2.93% | −0.06 |
| CBRE CBRE Group Inc. Class A | Reduce -2.3% | 0.36% | −0.05 |
| EVR Evercore Inc. Class A | Reduce -27.6% | 0.17% | −0.05 |
Portfolio Buys Q1 2024 → Q2 2024
| IEFA iShares Core MSCI Eafe ETF | New | 1.86% | +1.86 |
| AVGO Broadcom Inc. | Add +5.3% | 3.47% | +0.66 |
| CBNK Capital Bancorp Inc. | New | 0.56% | +0.56 |
| CMRE Costamare Inc. | Add +4.1% | 1.34% | +0.42 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +16.5% | 2.05% | +0.38 |
| AVT Avnet Inc. | Add +21.2% | 2.04% | +0.37 |
| HPE Hewlett Packard Enterprise | Add +15.6% | 1.31% | +0.33 |
| WLY Wiley (john) & Sons Class A | Add +43.3% | 0.82% | +0.27 |
| HRB H&R Block Inc. | Add +36.4% | 0.76% | +0.24 |
| HPQ HP Inc. | Add +10.3% | 1.21% | +0.23 |
| AAPL Apple Inc. | Add +0.1% | 1.42% | +0.23 |
| UTHR United Therapeutics Corp. | Add +9.7% | 0.66% | +0.21 |
| GOOGL Alphabet Inc. Class A | Add +5.6% | 0.96% | +0.18 |
| LRN Stride Inc. | Add +89.8% | 0.35% | +0.18 |
| IJS iShares S&P Small-Cap 600 Va | New | 0.17% | +0.17 |
| IJT iShares S&P Small-Cap 600 GR | New | 0.17% | +0.17 |
| VCTR Victory Capital Holding - A | Add +0.8% | 1.51% | +0.14 |
| CRUS Cirrus Logic Inc. | Add +13.8% | 0.39% | +0.13 |
| JXN Jackson Financial Inc. Class A | Add +1.7% | 1.25% | +0.12 |
| TBBK The Bancorp Inc. | New | 0.12% | +0.12 |
| GSBD Goldman Sachs BDC Inc. | New | 0.11% | +0.11 |
| CHRD Chord Energy Corp. | Add +92.2% | 0.26% | +0.11 |
| DLX Deluxe Corp. | New | 0.11% | +0.11 |
| EQH Equitable Holdings Inc. | Add +3.1% | 1.54% | +0.11 |
| FSK FS KKR Capital Corp. | New | 0.11% | +0.11 |
| TNK Teekay Tankers Ltd. Class A | Add +31.5% | 0.31% | +0.10 |
| ACMR Acm Research Inc. Class A | New | 0.10% | +0.10 |
| KHC The Kraft Heinz Co. | Add +36.3% | 0.69% | +0.09 |
| UAL United Airlines Holdings Inc. | New | 0.08% | +0.08 |
| MCK McKesson Corp. | Add +13.8% | 0.49% | +0.08 |
| OGN Organon & Co. | Add +20.9% | 0.36% | +0.08 |
| NOMD Nomad Foods Ltd. | New | 0.08% | +0.08 |
| GILD Gilead Sciences Inc. | Add +102.6% | 0.17% | +0.08 |
| CARS Cars.com Inc. | Add +8.2% | 0.43% | +0.07 |
| LEA Lear Corp. | Add +81.3% | 0.26% | +0.07 |
| IT Gartner Inc. | Add +21.8% | 0.67% | +0.07 |
| PSMT Pricesmart Inc. | Add +41.4% | 0.26% | +0.06 |
| VSTO Vista Outdoor Inc. | Add +5.1% | 0.31% | +0.05 |
| JBI Janus International Group Inc. | Add +78.3% | 0.14% | +0.04 |
| FHI Federated Hermes Inc. | Add +18.8% | 0.64% | +0.03 |
| BHC Bausch Health Cos Inc. | New | 0.03% | +0.03 |
| CACI Caci International Inc. Class A | Add +8.9% | 0.17% | +0.03 |
| TEX Terex Corp. | Add +47.6% | 0.15% | +0.03 |
| MSFT Microsoft Corp. | Add +5.0% | 0.32% | +0.02 |
| LHX L3HARRIS Technologies Inc. | Add +17.6% | 0.14% | +0.02 |
| SANM Sanmina Corp. | Add +13.7% | 0.13% | +0.02 |
| CALM Cal-Maine Foods Inc. | Add +1.7% | 0.72% | +0.02 |
| GMS GMS Inc. | Add +36.0% | 0.17% | +0.01 |
| LRCX Lam Research Corp. | Add +3.2% | 0.14% | +0.01 |
| META Meta Platforms Inc. Class A | Add +2.8% | 0.29% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 236 | $600.4M | TMSL, JIRE, FMDE, DELL, AVGO |
| Q1 2026 | 231 | $488.0M | TMSL, SMMD, JIRE, AVGO, VUG |
| Q4 2025 | 230 | $478.0M | SMMD, TMSL, JIRE, AVGO, VUG |
| Q3 2025 | 232 | $443.6M | SMMD, JIRE, TMSL, AVGO, VUG |
| Q2 2025 | 225 | $378.1M | SMMD, JIRE, AVGO, VUG, JPST |
| Q1 2025 | 218 | $340.3M | SMMD, JIRE, JPST, AVGO, VUG |
| Q4 2024 | 217 | $341.8M | SMMD, AVGO, VUG, JPST, OMC |
| Q3 2024 | 210 | $323.9M | SMMD, AVGO, OMC, JPST, VSEC |
| Q2 2024 | 209 | $299.9M | SMMD, AVGO, VSEC, JPST, OMC |
| Q1 2024 | 210 | $290.7M | SMMD, VSEC, JPST, AVGO, OMC |