Kendall Capital Management
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Kendall Capital Management reported 217 stock positions worth $341.8 million. Its top holding was iShares Russell 2500 ETF (SMMD) at 5.8% of the portfolio, followed by Broadcom (AVGO, 3.9%) and Vanguard Mrngstar GR ETF-Sui (VUG, 2.4%). Compared with Q3 2024, it opened 18 new positions, sold out of 11, added to 72 and reduced 114. The biggest buy was iShares Russell 2500 ETF (SMMD, shares +65%) and the biggest sale KLA (KLAC, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- ROCKVILLE, MD
- CIK
- 0001731372
- Portfolio Value
- $341.8M (Q4 2024)
- SEC Filing
- 0001731372-25-000001 ↗ filed Feb 7, 2025
Holdings Value
Holdings 217 stocks · $341.8M
| SMMD iShares Russell 2500 ETF | 5.83% | 292,799 | $19.9M | Add +64.9% |
| AVGO Broadcom Inc. | 3.93% | 57,867 | $13.4M | Reduce -9.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.42% | 20,176 | $8.3M | Add +9.3% |
| JPST JPMorgan Ultra-Short Income | 2.35% | 159,102 | $8.0M | Add +1.3% |
| OMC Omnicom Group | 2.11% | 83,685 | $7.2M | Add +1.7% |
| AVT Avnet Inc. | 2.04% | 133,205 | $7.0M | Add +4.9% |
| VSEC Vse Corp. | 1.97% | 70,650 | $6.7M | Reduce -21.2% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.74% | 22,102 | $6.0M | Reduce -0.3% |
| VCTR Victory Capital Holding - A | 1.70% | 88,674 | $5.8M | Reduce -4.7% |
| DELL Dell Technologies -C | 1.65% | 48,950 | $5.6M | Add +19.0% |
| IEFA iShares Core MSCI Eafe ETF | 1.64% | 79,721 | $5.6M | Add +3.2% |
| EQH Equitable Holdings Inc. | 1.57% | 113,804 | $5.4M | Reduce -1.2% |
| ABBV Abbvie Inc. | 1.57% | 30,147 | $5.4M | Reduce -5.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.55% | 20,042 | $5.3M | No change |
| AAPL Apple Inc. | 1.51% | 20,599 | $5.2M | Add +2.2% |
| CDW CDW Corp. | 1.45% | 28,555 | $5.0M | Add +12.2% |
| JIRE JPMorgan Int Res Enh Eqty | 1.35% | 79,131 | $4.6M | Add +148.1% |
| HPE Hewlett Packard Enterprise | 1.29% | 206,945 | $4.4M | Add +5.7% |
| JXN Jackson Financial Inc. Class A | 1.26% | 49,540 | $4.3M | Reduce -2.2% |
| KLAC KLA Corp. | 1.24% | 6,739 | $4.2M | Reduce -2.6% |
| COR Cencora Inc. | 1.20% | 18,189 | $4.1M | Add +5.1% |
| VTI VG Morningstar TS MKT ETF-US | 1.19% | 14,070 | $4.1M | Add +2.5% |
| HPQ HP Inc. | 1.10% | 114,758 | $3.7M | Add +7.4% |
| IT Gartner Inc. | 1.05% | 7,413 | $3.6M | Add +40.0% |
| GOOGL Alphabet Inc. Class A | 1.03% | 18,595 | $3.5M | Add +12.0% |
| CLS Celestica Inc. | 1.03% | 37,970 | $3.5M | Reduce -12.8% |
| CALM Cal-Maine Foods Inc. | 1.01% | 33,665 | $3.5M | Reduce -4.6% |
| WLY Wiley (john) & Sons Class A | 0.99% | 77,397 | $3.4M | Add +16.2% |
| MA Mastercard Inc. Class A | 0.97% | 6,297 | $3.3M | Reduce -0.1% |
| CMRE Costamare Inc. | 0.91% | 242,374 | $3.1M | Add +0.6% |
| UNM Unum Group | 0.91% | 42,535 | $3.1M | Reduce -2.5% |
| FISV Fiserv Inc. | 0.91% | 15,073 | $3.1M | Reduce -0.5% |
| TDTF NT Iboxx 5Y Dur Tips ETF | 0.88% | 129,281 | $3.0M | Reduce -3.1% |
| IWC iShares Micro-Cap ETF | 0.84% | 22,110 | $2.9M | Reduce -1.1% |
| VTRS Viatris Inc. | 0.82% | 226,025 | $2.8M | Add +7.7% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.81% | 52,535 | $2.8M | Add +15.3% |
| FHI Federated Hermes Inc. | 0.79% | 65,925 | $2.7M | Add +13.4% |
| BMY Bristol-Myers Squibb Co. | 0.79% | 47,632 | $2.7M | Add +6.7% |
| R Ryder System Inc. | 0.78% | 16,970 | $2.7M | Reduce -4.0% |
| CMI Cummins Inc. | 0.78% | 7,632 | $2.7M | Reduce -0.9% |
| ARW Arrow Electronics Inc. | 0.77% | 23,330 | $2.6M | Reduce -0.0% |
| KHC The Kraft Heinz Co. | 0.71% | 79,525 | $2.4M | Add +13.8% |
| LRN Stride Inc. | 0.70% | 23,135 | $2.4M | Add +24.4% |
| UTHR United Therapeutics Corp. | 0.70% | 6,795 | $2.4M | Add +3.9% |
| UPBD Upbound Group Inc. | 0.69% | 80,950 | $2.4M | Add +44.4% |
| CSGS CSG Systems Intl Inc. | 0.69% | 46,025 | $2.4M | Add +0.3% |
| ORLY O'reilly Automotive Inc. | 0.59% | 1,713 | $2.0M | Reduce -4.5% |
| URI United Rentals Inc. | 0.58% | 2,834 | $2.0M | Reduce -9.7% |
| EXPE Expedia Group Inc. | 0.58% | 10,550 | $2.0M | Add +32.5% |
| MRK Merck & Co. Inc. | 0.56% | 19,349 | $1.9M | Reduce -2.2% |
| ACN Accenture PLC Class A | 0.54% | 5,282 | $1.9M | Reduce -0.9% |
| CBOE Cboe Global Markets Inc. | 0.52% | 9,110 | $1.8M | Reduce -3.5% |
| CSCO Cisco Systems Inc. | 0.52% | 29,963 | $1.8M | Reduce -14.4% |
| META Meta Platforms Inc. Class A | 0.52% | 3,029 | $1.8M | Add +73.3% |
| CBNK Capital Bancorp Inc. | 0.52% | 62,040 | $1.8M | Reduce -11.6% |
| NVDA Nvidia Corp. | 0.50% | 12,850 | $1.7M | Add +351.7% |
| MCK McKesson Corp. | 0.50% | 3,019 | $1.7M | Add +11.0% |
| NXST Nexstar Media Group Inc. | 0.49% | 10,599 | $1.7M | Reduce -3.9% |
| REGN Regeneron Pharmaceuticals | 0.48% | 2,327 | $1.7M | Reduce -0.8% |
| AN Autonation Inc. | 0.45% | 9,030 | $1.5M | Reduce -5.6% |
| SFM Sprouts Farmers Market Inc. | 0.44% | 11,960 | $1.5M | Reduce -10.0% |
| CBRE CBRE Group Inc. Class A | 0.44% | 11,570 | $1.5M | Reduce -3.2% |
| FDM First Trust Dow J Select Mic | 0.44% | 22,167 | $1.5M | Add +1.2% |
| BWA Borgwarner Inc. | 0.44% | 47,190 | $1.5M | Add +0.0% |
| SLM SLM Corp. | 0.43% | 53,835 | $1.5M | Reduce -4.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.42% | 6,025 | $1.4M | No change |
| GEN Gen Digital Inc. | 0.40% | 50,535 | $1.4M | Add +97.5% |
| VWO Vanguard Ftse Emerging Marke | 0.39% | 30,584 | $1.3M | No change |
| HCA HCA Healthcare Inc. | 0.39% | 4,460 | $1.3M | Reduce -4.2% |
| TMHC Taylor Morrison Home Corp. | 0.39% | 21,515 | $1.3M | Reduce -2.1% |
| PRGS Progress Software Corp. | 0.38% | 20,095 | $1.3M | Add +37.5% |
| MAR Marriott International Class A | 0.38% | 4,638 | $1.3M | Add +6.8% |
| PLAB Photronics Inc. | 0.36% | 51,710 | $1.2M | Reduce -2.5% |
| CARS Cars.com Inc. | 0.36% | 70,035 | $1.2M | Reduce -9.5% |
| TGNA Tegna Inc. | 0.35% | 66,312 | $1.2M | Reduce -0.9% |
| IWB iShares Russell 1000 ETF | 0.35% | 3,692 | $1.2M | Add +226.2% |
| PAG Penske Automotive Group Inc. | 0.34% | 7,720 | $1.2M | Reduce -18.3% |
| TPR Tapestry Inc. | 0.34% | 17,980 | $1.2M | Add +1.8% |
| DLX Deluxe Corp. | 0.34% | 50,686 | $1.1M | Add +64.7% |
| DFS Discover Financial Services | 0.33% | 6,575 | $1.1M | Reduce -8.7% |
| CPAY Corpay Inc. | 0.33% | 3,361 | $1.1M | Add +20.6% |
| JNJ Johnson & Johnson | 0.32% | 7,636 | $1.1M | Add +1.1% |
| BLDR Builders Firstsource Inc. | 0.31% | 7,525 | $1.1M | Reduce -7.1% |
| ALSN Allison Transmission Holding | 0.31% | 9,930 | $1.1M | Add +87.0% |
| VST Vistra Corp. | 0.31% | 7,770 | $1.1M | Reduce -28.6% |
| MSFT Microsoft Corp. | 0.31% | 2,539 | $1.1M | Add +17.3% |
| IWF iShares Russell 1000 Growth | 0.30% | 2,525 | $1.0M | Reduce -5.8% |
| OMF Onemain Holdings Inc. | 0.29% | 18,993 | $990K | Reduce -34.3% |
| MEDP Medpace Holdings Inc. | 0.29% | 2,965 | $985K | Reduce -5.0% |
| DFSV Dimensional US Small Cap Val | 0.29% | 32,000 | $985K | New |
| JAZZ Jazz Pharmaceuticals PLC | 0.28% | 7,869 | $969K | Reduce -2.2% |
| AVUV Avantis US Small Cap Value | 0.28% | 10,000 | $965K | New |
| DWAS Invesco Dorsey Wright Smallc | 0.28% | 10,571 | $965K | Add +0.7% |
| GRBK Green Brick Partners Inc. | 0.28% | 17,068 | $964K | Reduce -3.6% |
| PSMT Pricesmart Inc. | 0.28% | 10,460 | $964K | Add +0.1% |
| APO Apollo Global Management Inc. | 0.28% | 5,810 | $960K | Reduce -8.5% |
| TNL Travel + Leisure Co. | 0.27% | 18,490 | $933K | New |
| VT Vanguard Tot World STK ETF | 0.27% | 7,924 | $931K | Add +2.8% |
| CRUS Cirrus Logic Inc. | 0.27% | 9,310 | $927K | Add +2.4% |
| VLO Valero Energy Corp. | 0.27% | 7,394 | $906K | Reduce -1.7% |
Portfolio Sells Q3 2024 → Q4 2024
| KLAC KLA Corp. | Reduce -2.6% | 1.24% | −0.41 |
| ABBV Abbvie Inc. | Reduce -5.9% | 1.57% | −0.39 |
| VSEC Vse Corp. | Reduce -21.2% | 1.97% | −0.32 |
| REGN Regeneron Pharmaceuticals | Reduce -0.8% | 0.48% | −0.28 |
| F Ford Motor Co. | Reduce -44.4% | 0.21% | −0.21 |
| URI United Rentals Inc. | Reduce -9.7% | 0.58% | −0.20 |
| CIVI Civitas Resources Inc. | Reduce -34.1% | 0.26% | −0.20 |
| HCA HCA Healthcare Inc. | Reduce -4.2% | 0.39% | −0.19 |
| ARW Arrow Electronics Inc. | Reduce -0.0% | 0.77% | −0.18 |
| GEAR Revelyst Inc. | Reduce -16.4% | 0.12% | −0.18 |
| GRBK Green Brick Partners Inc. | Reduce -3.6% | 0.28% | −0.17 |
| BLDR Builders Firstsource Inc. | Reduce -7.1% | 0.31% | −0.17 |
| BG Bunge Global SA | Reduce -20.1% | 0.26% | −0.17 |
| JXN Jackson Financial Inc. Class A | Reduce -2.2% | 1.26% | −0.17 |
| AMGN Amgen Inc. | Reduce -21.6% | 0.24% | −0.16 |
| AMN Amn Healthcare Services Inc. | Sold out | 0.00% | −0.14 |
| MRK Merck & Co. Inc. | Reduce -2.2% | 0.56% | −0.13 |
| OMF Onemain Holdings Inc. | Reduce -34.3% | 0.29% | −0.13 |
| CVS CVS Health Corp. | Reduce -52.5% | 0.06% | −0.13 |
| PAG Penske Automotive Group Inc. | Reduce -18.3% | 0.34% | −0.13 |
| BLMN Bloomin' Brands Inc. | Reduce -59.2% | 0.05% | −0.12 |
| TDTF NT Iboxx 5Y Dur Tips ETF | Reduce -3.1% | 0.88% | −0.11 |
| PBF PBF Energy Inc. Class A | Sold out | 0.00% | −0.11 |
| COHU Cohu Inc. | Reduce -49.7% | 0.10% | −0.10 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.10 |
| ACI Albertsons Cos Inc. Class A | Reduce -29.2% | 0.23% | −0.09 |
| CHRD Chord Energy Corp. | Reduce -36.8% | 0.11% | −0.09 |
| TMHC Taylor Morrison Home Corp. | Reduce -2.1% | 0.39% | −0.09 |
| JBI Janus International Group Inc. | Reduce -58.1% | 0.04% | −0.09 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.09 |
| QRVO Qorvo Inc. | Sold out | 0.00% | −0.08 |
| VST Vistra Corp. | Reduce -28.6% | 0.31% | −0.08 |
| AN Autonation Inc. | Reduce -5.6% | 0.45% | −0.08 |
| DIOD Diodes Inc. | Sold out | 0.00% | −0.08 |
| CBOE Cboe Global Markets Inc. | Reduce -3.5% | 0.52% | −0.08 |
| MBUU Malibu Boats Inc. Class A | Sold out | 0.00% | −0.08 |
| HCC Warrior Met Coal Inc. | Reduce -10.7% | 0.19% | −0.08 |
| NXST Nexstar Media Group Inc. | Reduce -3.9% | 0.49% | −0.07 |
| MTH Meritage Homes Corp. | Reduce -3.3% | 0.15% | −0.07 |
| AES AES Corp. | Reduce -6.7% | 0.09% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -11.6% | 0.20% | −0.07 |
| CSX CSX Corp. | Sold out | 0.00% | −0.07 |
| BIPC Brookfield Infrastructure-A | Sold out | 0.00% | −0.07 |
| MGA Magna International Inc. | Sold out | 0.00% | −0.07 |
| WNC Wabash National Corp. | Reduce -26.7% | 0.11% | −0.07 |
| THO Thor Industries Inc. | Reduce -23.6% | 0.10% | −0.06 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -0.3% | 1.74% | −0.06 |
| CSCO Cisco Systems Inc. | Reduce -14.4% | 0.52% | −0.06 |
| NAVI Navient Corp. | Reduce -9.6% | 0.15% | −0.06 |
| WU Western Union Co. | Reduce -9.3% | 0.18% | −0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| SMMD iShares Russell 2500 ETF | Add +64.9% | 5.83% | +2.11 |
| JIRE JPMorgan Int Res Enh Eqty | Add +148.1% | 1.35% | +0.70 |
| NVDA Nvidia Corp. | Add +351.7% | 0.50% | +0.40 |
| DFSV Dimensional US Small Cap Val | New | 0.29% | +0.29 |
| AVUV Avantis US Small Cap Value | New | 0.28% | +0.28 |
| TNL Travel + Leisure Co. | New | 0.27% | +0.27 |
| IWB iShares Russell 1000 ETF | Add +226.2% | 0.35% | +0.24 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +9.3% | 2.42% | +0.24 |
| IT Gartner Inc. | Add +40.0% | 1.05% | +0.22 |
| LRN Stride Inc. | Add +24.4% | 0.70% | +0.21 |
| EXPE Expedia Group Inc. | Add +32.5% | 0.58% | +0.21 |
| META Meta Platforms Inc. Class A | Add +73.3% | 0.52% | +0.21 |
| GEN Gen Digital Inc. | Add +97.5% | 0.40% | +0.19 |
| GOOGL Alphabet Inc. Class A | Add +12.0% | 1.03% | +0.18 |
| MUNI PIMCO Intermediate Municipal | New | 0.18% | +0.18 |
| ALSN Allison Transmission Holding | Add +87.0% | 0.31% | +0.16 |
| DLX Deluxe Corp. | Add +64.7% | 0.34% | +0.15 |
| DELL Dell Technologies -C | Add +19.0% | 1.65% | +0.15 |
| THC Tenet Healthcare Corp. | New | 0.14% | +0.14 |
| UPBD Upbound Group Inc. | Add +44.4% | 0.69% | +0.14 |
| FHI Federated Hermes Inc. | Add +13.4% | 0.79% | +0.13 |
| PLGO Pelagos Insurance Capital LT | Add +128.3% | 0.24% | +0.13 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.13% | +0.13 |
| AMZN Amazon.com Inc. | New | 0.11% | +0.11 |
| IWL iShares Russell Top 200 ETF | New | 0.10% | +0.10 |
| VEA Vanguard Ftse Developed ETF | New | 0.10% | +0.10 |
| QUAL iShares MSCI USA Quality Fac | New | 0.09% | +0.09 |
| IJR iShares Core S&P Small-Cap E | New | 0.09% | +0.09 |
| MCK McKesson Corp. | Add +11.0% | 0.50% | +0.09 |
| TPR Tapestry Inc. | Add +1.8% | 0.34% | +0.09 |
| UAL United Airlines Holdings Inc. | Add +11.1% | 0.19% | +0.08 |
| SBGI Sinclair Inc. | New | 0.08% | +0.08 |
| PRGS Progress Software Corp. | Add +37.5% | 0.38% | +0.08 |
| BMY Bristol-Myers Squibb Co. | Add +6.7% | 0.79% | +0.08 |
| AZO AutoZone Inc. | New | 0.07% | +0.07 |
| GBX Greenbrier Companies Inc. | New | 0.07% | +0.07 |
| VTRS Viatris Inc. | Add +7.7% | 0.82% | +0.07 |
| TPL Texas Pacific Land Corp. | New | 0.07% | +0.07 |
| IMCG iShares Morningstar Mid-Cap | New | 0.07% | +0.07 |
| UGI Ugi Corp. | Add +43.9% | 0.19% | +0.07 |
| CPAY Corpay Inc. | Add +20.6% | 0.33% | +0.06 |
| AAPL Apple Inc. | Add +2.2% | 1.51% | +0.06 |
| KXI iShares Global Consumer Stap | New | 0.06% | +0.06 |
| HPE Hewlett Packard Enterprise | Add +5.7% | 1.29% | +0.06 |
| MAR Marriott International Class A | Add +6.8% | 0.38% | +0.05 |
| COTY Coty Inc. Class A | New | 0.03% | +0.03 |
| TBBK The Bancorp Inc. | Add +25.8% | 0.22% | +0.03 |
| MSFT Microsoft Corp. | Add +17.3% | 0.31% | +0.03 |
| NOMD Nomad Foods Ltd. | Add +34.6% | 0.22% | +0.02 |
| WMT Walmart Inc. | Add +15.7% | 0.11% | +0.02 |
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 |