Kendall Capital Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), Kendall Capital Management reported 218 stock positions worth $340.3 million. Its top holding was iShares Russell 2500 ETF (SMMD) at 5.6% of the portfolio, followed by JPMorgan Int Res Enh Eqty (JIRE, 3.3%) and JPMorgan Ultra-Short Income (JPST, 2.7%). Compared with Q4 2024, it opened 10 new positions, sold out of 9, added to 76 and reduced 108. The biggest buy was JPMorgan Int Res Enh Eqty (JIRE, shares +125%) and the biggest sale Broadcom (AVGO, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- ROCKVILLE, MD
- CIK
- 0001731372
- Portfolio Value
- $340.3M (Q1 2025)
- SEC Filing
- 0001731372-25-000002 ↗ filed Apr 25, 2025
Holdings Value
Holdings 218 stocks · $340.3M
| SMMD iShares Russell 2500 ETF | 5.57% | 303,038 | $19.0M | Add +3.5% |
| JIRE JPMorgan Int Res Enh Eqty | 3.33% | 177,832 | $11.3M | Add +124.7% |
| JPST JPMorgan Ultra-Short Income | 2.72% | 182,944 | $9.3M | Add +15.0% |
| AVGO Broadcom Inc. | 2.70% | 54,887 | $9.2M | Reduce -5.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.38% | 21,813 | $8.1M | Add +8.1% |
| VSEC Vse Corp. | 2.31% | 65,650 | $7.9M | Reduce -7.1% |
| AVT Avnet Inc. | 2.03% | 143,445 | $6.9M | Add +7.7% |
| OMC Omnicom Group | 2.02% | 82,965 | $6.9M | Reduce -0.9% |
| IEFA iShares Core MSCI Eafe ETF | 1.99% | 89,599 | $6.8M | Add +12.4% |
| EQH Equitable Holdings Inc. | 1.76% | 115,139 | $6.0M | Add +1.2% |
| ABBV Abbvie Inc. | 1.70% | 27,590 | $5.8M | Reduce -8.5% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.67% | 22,102 | $5.7M | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.52% | 20,042 | $5.2M | No change |
| COR Cencora Inc. | 1.50% | 18,299 | $5.1M | Add +0.6% |
| VCTR Victory Capital Holding - A | 1.49% | 87,689 | $5.1M | Reduce -1.1% |
| DELL Dell Technologies -C | 1.39% | 52,005 | $4.7M | Add +6.2% |
| CDW CDW Corp. | 1.38% | 29,255 | $4.7M | Add +2.5% |
| KLAC KLA Corp. | 1.33% | 6,640 | $4.5M | Reduce -1.5% |
| AAPL Apple Inc. | 1.32% | 20,223 | $4.5M | Reduce -1.8% |
| JXN Jackson Financial Inc. Class A | 1.19% | 48,160 | $4.0M | Reduce -2.8% |
| VTI VG Morningstar TS MKT ETF-US | 1.15% | 14,248 | $3.9M | Add +1.3% |
| WLY Wiley (john) & Sons Class A | 1.11% | 84,617 | $3.8M | Add +9.3% |
| TDTF NT Iboxx 5Y Dur Tips ETF | 1.07% | 149,700 | $3.6M | Add +15.8% |
| MA Mastercard Inc. Class A | 1.02% | 6,343 | $3.5M | Add +0.7% |
| FISV Fiserv Inc. | 1.00% | 15,418 | $3.4M | Add +2.3% |
| UNM Unum Group | 1.00% | 41,795 | $3.4M | Reduce -1.7% |
| HPQ HP Inc. | 0.99% | 122,058 | $3.4M | Add +6.4% |
| HPE Hewlett Packard Enterprise | 0.95% | 210,055 | $3.2M | Add +1.5% |
| IT Gartner Inc. | 0.95% | 7,696 | $3.2M | Add +3.8% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.88% | 54,750 | $3.0M | Add +4.2% |
| CALM Cal-Maine Foods Inc. | 0.88% | 32,780 | $3.0M | Reduce -2.6% |
| LRN Stride Inc. | 0.87% | 23,515 | $3.0M | Add +1.6% |
| GOOGL Alphabet Inc. Class A | 0.87% | 19,165 | $3.0M | Add +3.1% |
| BMY Bristol-Myers Squibb Co. | 0.85% | 47,542 | $2.9M | Reduce -0.2% |
| CSGS CSG Systems Intl Inc. | 0.84% | 47,260 | $2.9M | Add +2.7% |
| FHI Federated Hermes Inc. | 0.84% | 69,850 | $2.8M | Add +6.0% |
| CLS Celestica Inc. | 0.83% | 35,750 | $2.8M | Reduce -5.8% |
| KHC The Kraft Heinz Co. | 0.73% | 82,065 | $2.5M | Add +3.2% |
| CMRE Costamare Inc. | 0.73% | 253,409 | $2.5M | Add +4.5% |
| ARW Arrow Electronics Inc. | 0.71% | 23,300 | $2.4M | Reduce -0.1% |
| CMI Cummins Inc. | 0.71% | 7,698 | $2.4M | Add +0.9% |
| IWC iShares Micro-Cap ETF | 0.71% | 21,660 | $2.4M | Reduce -2.0% |
| ORLY O'reilly Automotive Inc. | 0.70% | 1,669 | $2.4M | Reduce -2.6% |
| R Ryder System Inc. | 0.66% | 15,620 | $2.2M | Reduce -8.0% |
| UTHR United Therapeutics Corp. | 0.66% | 7,270 | $2.2M | Add +7.0% |
| UPBD Upbound Group Inc. | 0.65% | 91,995 | $2.2M | Add +13.6% |
| NXST Nexstar Media Group Inc. | 0.64% | 12,234 | $2.2M | Add +15.4% |
| MCK McKesson Corp. | 0.62% | 3,144 | $2.1M | Add +4.1% |
| CBOE Cboe Global Markets Inc. | 0.59% | 8,875 | $2.0M | Reduce -2.6% |
| EXPE Expedia Group Inc. | 0.56% | 11,325 | $1.9M | Add +7.3% |
| VTRS Viatris Inc. | 0.55% | 215,510 | $1.9M | Reduce -4.7% |
| META Meta Platforms Inc. Class A | 0.54% | 3,211 | $1.9M | Add +6.0% |
| CBNK Capital Bancorp Inc. | 0.50% | 60,040 | $1.7M | Reduce -3.2% |
| MRK Merck & Co. Inc. | 0.50% | 18,857 | $1.7M | Reduce -2.5% |
| URI United Rentals Inc. | 0.49% | 2,687 | $1.7M | Reduce -5.2% |
| CSCO Cisco Systems Inc. | 0.49% | 27,169 | $1.7M | Reduce -9.3% |
| SFM Sprouts Farmers Market Inc. | 0.49% | 10,885 | $1.7M | Reduce -9.0% |
| ACN Accenture PLC Class A | 0.48% | 5,274 | $1.6M | Reduce -0.1% |
| GEN Gen Digital Inc. | 0.47% | 60,640 | $1.6M | Add +20.0% |
| NVDA Nvidia Corp. | 0.47% | 14,770 | $1.6M | Add +14.9% |
| SLM SLM Corp. | 0.45% | 52,405 | $1.5M | Reduce -2.7% |
| HCA HCA Healthcare Inc. | 0.44% | 4,350 | $1.5M | Reduce -2.5% |
| CBRE CBRE Group Inc. Class A | 0.43% | 11,311 | $1.5M | Reduce -2.2% |
| REGN Regeneron Pharmaceuticals | 0.41% | 2,212 | $1.4M | Reduce -4.9% |
| AN Autonation Inc. | 0.41% | 8,625 | $1.4M | Reduce -4.5% |
| FDM First Trust Dow J Select Mic | 0.40% | 22,019 | $1.4M | Reduce -0.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.39% | 6,054 | $1.3M | Add +0.5% |
| VWO Vanguard Ftse Emerging Marke | 0.39% | 29,552 | $1.3M | Reduce -3.4% |
| BWA Borgwarner Inc. | 0.38% | 44,905 | $1.3M | Reduce -4.8% |
| TMHC Taylor Morrison Home Corp. | 0.37% | 21,165 | $1.3M | Reduce -1.6% |
| ALSN Allison Transmission Holding | 0.37% | 13,160 | $1.3M | Add +32.5% |
| JNJ Johnson & Johnson | 0.37% | 7,583 | $1.3M | Reduce -0.7% |
| CPAY Corpay Inc. | 0.36% | 3,536 | $1.2M | Add +5.2% |
| TGNA Tegna Inc. | 0.36% | 67,542 | $1.2M | Add +1.9% |
| MAR Marriott International Class A | 0.36% | 5,113 | $1.2M | Add +10.2% |
| TAP Molson Coors Beverage Co. Class B | 0.36% | 19,995 | $1.2M | Add +42.7% |
| TPR Tapestry Inc. | 0.35% | 16,690 | $1.2M | Reduce -7.2% |
| NFG National Fuel Gas Co. | 0.34% | 14,783 | $1.2M | No change |
| IWB iShares Russell 1000 ETF | 0.33% | 3,692 | $1.1M | No change |
| PRGS Progress Software Corp. | 0.33% | 21,945 | $1.1M | Add +9.2% |
| GLDM SPDR Gold Minishares Trust | 0.33% | 18,237 | $1.1M | Add +5.1% |
| DFS Discover Financial Services | 0.32% | 6,465 | $1.1M | Reduce -1.7% |
| PAG Penske Automotive Group Inc. | 0.32% | 7,545 | $1.1M | Reduce -2.3% |
| ACMR Acm Research Inc. Class A | 0.31% | 45,240 | $1.1M | Add +1.4% |
| PLAB Photronics Inc. | 0.31% | 50,545 | $1.0M | Reduce -2.3% |
| TNL Travel + Leisure Co. | 0.30% | 22,255 | $1.0M | Add +20.4% |
| GRBK Green Brick Partners Inc. | 0.30% | 17,323 | $1.0M | Add +1.5% |
| PSMT Pricesmart Inc. | 0.30% | 11,485 | $1.0M | Add +9.8% |
| CRUS Cirrus Logic Inc. | 0.30% | 10,080 | $1.0M | Add +8.3% |
| NOMD Nomad Foods Ltd. | 0.29% | 51,000 | $1.0M | Add +16.4% |
| JAZZ Jazz Pharmaceuticals PLC | 0.29% | 7,964 | $989K | Add +1.2% |
| VT Vanguard Tot World STK ETF | 0.29% | 8,501 | $986K | Add +7.3% |
| JMEE JPM Sma & Mid Cap En Eq Et-U filed as J P MORGAN EXCHANGE TRADED F | 0.29% | 17,535 | $982K | New |
| GILD Gilead Sciences Inc. | 0.29% | 8,717 | $977K | Add +0.3% |
| RWJ Invesco S&P Smallcap 600 | 0.28% | 23,650 | $963K | New |
| DFAS Dimensional US Small Cap ETF | 0.28% | 16,050 | $959K | New |
| AMGN Amgen Inc. | 0.28% | 3,075 | $958K | Reduce -0.5% |
| OGN Organon & Co. | 0.28% | 64,020 | $953K | Add +11.3% |
| VLO Valero Energy Corp. | 0.28% | 7,144 | $944K | Reduce -3.4% |
| PLGO Pelagos Insurance Capital LT filed as FIDELIS INSURANCE HOLDINGS L | 0.26% | 55,515 | $899K | Add +22.1% |
Portfolio Sells Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Reduce -5.2% | 2.70% | −1.23 |
| DFSV Dimensional US Small Cap Val | Sold out | 0.00% | −0.29 |
| AVUV Avantis US Small Cap Value | Sold out | 0.00% | −0.28 |
| DWAS Invesco Dorsey Wright Smallc | Sold out | 0.00% | −0.28 |
| VTRS Viatris Inc. | Reduce -4.7% | 0.55% | −0.27 |
| VCTR Victory Capital Holding - A | Reduce -1.1% | 1.49% | −0.21 |
| CLS Celestica Inc. | Reduce -5.8% | 0.83% | −0.20 |
| AAPL Apple Inc. | Reduce -1.8% | 1.32% | −0.19 |
| CALM Cal-Maine Foods Inc. | Reduce -2.6% | 0.88% | −0.14 |
| IWC iShares Micro-Cap ETF | Reduce -2.0% | 0.71% | −0.14 |
| DLX Deluxe Corp. | Reduce -14.4% | 0.20% | −0.13 |
| CARS Cars.com Inc. | Reduce -1.2% | 0.23% | −0.13 |
| R Ryder System Inc. | Reduce -8.0% | 0.66% | −0.12 |
| GEAR Revelyst Inc. | Sold out | 0.00% | −0.12 |
| CIVI Civitas Resources Inc. | Reduce -26.8% | 0.15% | −0.12 |
| URI United Rentals Inc. | Reduce -5.2% | 0.49% | −0.09 |
| EVR Evercore Inc. Class A | Sold out | 0.00% | −0.09 |
| BLDR Builders Firstsource Inc. | Reduce -17.5% | 0.23% | −0.09 |
| VST Vistra Corp. | Reduce -15.3% | 0.23% | −0.09 |
| OMC Omnicom Group | Reduce -0.9% | 2.02% | −0.09 |
| VECO Veeco Instruments Inc. | Sold out | 0.00% | −0.08 |
| JXN Jackson Financial Inc. Class A | Reduce -2.8% | 1.19% | −0.08 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.07 |
| REGN Regeneron Pharmaceuticals | Reduce -4.9% | 0.41% | −0.07 |
| GPN Global Payments Inc. | Sold out | 0.00% | −0.07 |
| MSFT Microsoft Corp. | Reduce -12.1% | 0.25% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -2.5% | 0.50% | −0.07 |
| IWF iShares Russell 1000 Growth | Reduce -13.3% | 0.23% | −0.06 |
| ARW Arrow Electronics Inc. | Reduce -0.1% | 0.71% | −0.06 |
| BWA Borgwarner Inc. | Reduce -4.8% | 0.38% | −0.06 |
| ACN Accenture PLC Class A | Reduce -0.1% | 0.48% | −0.06 |
| TEX Terex Corp. | Reduce -32.9% | 0.07% | −0.06 |
| KXI iShares Global Consumer Stap | Sold out | 0.00% | −0.06 |
| WNC Wabash National Corp. | Reduce -30.8% | 0.05% | −0.06 |
| GMS GMS Inc. | Reduce -24.0% | 0.10% | −0.05 |
| APO Apollo Global Management Inc. | Reduce -0.7% | 0.23% | −0.05 |
| PLAB Photronics Inc. | Reduce -2.3% | 0.31% | −0.05 |
| HCC Warrior Met Coal Inc. | Reduce -15.0% | 0.14% | −0.05 |
| ABR Arbor Realty Trust Inc. | Reduce -40.7% | 0.05% | −0.05 |
| MXL Maxlinear Inc. | Reduce -9.1% | 0.04% | −0.04 |
| FDM First Trust Dow J Select Mic | Reduce -0.7% | 0.40% | −0.04 |
| AN Autonation Inc. | Reduce -4.5% | 0.41% | −0.04 |
| MTH Meritage Homes Corp. | Reduce -18.8% | 0.12% | −0.04 |
| VYX NCR Voyix Corp. | Reduce -3.5% | 0.08% | −0.04 |
| DTD Wisdomtree US Total Dividend | Reduce -17.9% | 0.18% | −0.04 |
| CACI Caci International Inc. Class A | Reduce -14.3% | 0.12% | −0.03 |
| OC Owens Corning | Reduce -3.0% | 0.15% | −0.03 |
| GPI Group 1 Automotive Inc. | Reduce -4.2% | 0.22% | −0.03 |
| OMF Onemain Holdings Inc. | Reduce -4.7% | 0.26% | −0.03 |
| NAVI Navient Corp. | Reduce -16.1% | 0.12% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| JIRE JPMorgan Int Res Enh Eqty | Add +124.7% | 3.33% | +1.97 |
| JPST JPMorgan Ultra-Short Income | Add +15.0% | 2.72% | +0.38 |
| IEFA iShares Core MSCI Eafe ETF | Add +12.4% | 1.99% | +0.35 |
| COR Cencora Inc. | Add +0.6% | 1.50% | +0.30 |
| JMEE JPM Sma & Mid Cap En Eq Et-U | New | 0.29% | +0.29 |
| RWJ Invesco S&P Smallcap 600 | New | 0.28% | +0.28 |
| DFAS Dimensional US Small Cap ETF | New | 0.28% | +0.28 |
| EQH Equitable Holdings Inc. | Add +1.2% | 1.76% | +0.19 |
| TDTF NT Iboxx 5Y Dur Tips ETF | Add +15.8% | 1.07% | +0.19 |
| LRN Stride Inc. | Add +1.6% | 0.87% | +0.17 |
| GSK GSK PLC-Spon ADR | New | 0.16% | +0.16 |
| NXST Nexstar Media Group Inc. | Add +15.4% | 0.64% | +0.15 |
| CSGS CSG Systems Intl Inc. | Add +2.7% | 0.84% | +0.15 |
| TAP Molson Coors Beverage Co. Class B | Add +42.7% | 0.36% | +0.12 |
| MCK McKesson Corp. | Add +4.1% | 0.62% | +0.12 |
| WLY Wiley (john) & Sons Class A | Add +9.3% | 1.11% | +0.12 |
| ACMR Acm Research Inc. Class A | Add +1.4% | 0.31% | +0.11 |
| AZN Astrazeneca PLC-Spons ADR | Add +107.4% | 0.17% | +0.10 |
| FISV Fiserv Inc. | Add +2.3% | 1.00% | +0.09 |
| T AT&T Inc. | New | 0.09% | +0.09 |
| PPC Pilgrim's Pride Corp. | New | 0.09% | +0.09 |
| LDOS Leidos Holdings Inc. | New | 0.09% | +0.09 |
| NOMD Nomad Foods Ltd. | Add +16.4% | 0.29% | +0.08 |
| HRB H&R Block Inc. | Add +4.2% | 0.88% | +0.07 |
| THC Tenet Healthcare Corp. | Add +40.1% | 0.21% | +0.07 |
| GEN Gen Digital Inc. | Add +20.0% | 0.47% | +0.07 |
| GLDM SPDR Gold Minishares Trust | Add +5.1% | 0.33% | +0.07 |
| CVSA Covista Inc. | New | 0.07% | +0.07 |
| ALSN Allison Transmission Holding | Add +32.5% | 0.37% | +0.06 |
| PR Permian Resources Corp. Class A | New | 0.05% | +0.05 |
| GILD Gilead Sciences Inc. | Add +0.3% | 0.29% | +0.05 |
| MA Mastercard Inc. Class A | Add +0.7% | 1.02% | +0.05 |
| SBGI Sinclair Inc. | Add +61.6% | 0.13% | +0.05 |
| UGI Ugi Corp. | Add +5.7% | 0.23% | +0.05 |
| FHI Federated Hermes Inc. | Add +6.0% | 0.84% | +0.04 |
| GUNR NT Mstar GLBL NR ETF | Add +13.7% | 0.24% | +0.04 |
| RITM Rithm Capital Corp. | New | 0.04% | +0.04 |
| REZ Ishars Res and Multi Reales | Add +10.6% | 0.26% | +0.04 |
| TBBK The Bancorp Inc. | Add +16.7% | 0.26% | +0.04 |
| FSK FS KKR Capital Corp. | Add +27.2% | 0.18% | +0.03 |
| COLL Collegium Pharmaceutical Inc. | Add +14.6% | 0.18% | +0.03 |
| TNL Travel + Leisure Co. | Add +20.4% | 0.30% | +0.03 |
| CPAY Corpay Inc. | Add +5.2% | 0.36% | +0.03 |
| OGN Organon & Co. | Add +11.3% | 0.28% | +0.03 |
| VZ Verizon Communications Inc. | Add +29.3% | 0.09% | +0.03 |
| META Meta Platforms Inc. Class A | Add +6.0% | 0.54% | +0.02 |
| CRUS Cirrus Logic Inc. | Add +8.3% | 0.30% | +0.02 |
| PLGO Pelagos Insurance Capital LT | Add +22.1% | 0.26% | +0.02 |
| KHC The Kraft Heinz Co. | Add +3.2% | 0.73% | +0.02 |
| VT Vanguard Tot World STK ETF | Add +7.3% | 0.29% | +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 |