Kendall Capital Management
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 16, 2026), Kendall Capital Management reported 230 stock positions worth $478.0 million. Its top holding was iShares Russell 2500 ETF (SMMD) at 5.5% of the portfolio, followed by T.rowe PRC Small-Mid Cap ETF (TMSL, 5.2%) and JPMorgan Int Res Enh Eqty (JIRE, 5.1%). Compared with Q3 2025, it opened 10 new positions, sold out of 12, added to 90 and reduced 104. The biggest buy was Vanguard Ftse Emerging Marke (VWO, shares +649%) and the biggest sale Broadcom (AVGO, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- ROCKVILLE, MD
- CIK
- 0001731372
- Portfolio Value
- $478.0M (Q4 2025)
- SEC Filing
- 0001731372-26-000001 ↗ filed Jan 16, 2026
Holdings Value
Holdings 230 stocks · $478.0M
| SMMD iShares Russell 2500 ETF | 5.53% | 352,861 | $26.4M | Add +6.5% |
| TMSL T.rowe PRC Small-Mid Cap ETF | 5.20% | 692,124 | $24.8M | Add +10.8% |
| JIRE JPMorgan Int Res Enh Eqty | 5.10% | 325,315 | $24.4M | Add +7.3% |
| AVGO Broadcom Inc. | 3.33% | 45,933 | $15.9M | Reduce -12.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.97% | 29,114 | $14.2M | Add +17.1% |
| VWO Vanguard Ftse Emerging Marke | 2.45% | 217,894 | $11.7M | Add +649.0% |
| JPST JPMorgan Ultra-Short Income | 2.32% | 219,358 | $11.1M | Add +12.4% |
| AVT Avnet Inc. | 1.65% | 163,710 | $7.9M | Add +4.8% |
| OMC Omnicom Group | 1.63% | 96,201 | $7.8M | Add +14.2% |
| VSEC Vse Corp. | 1.59% | 43,900 | $7.6M | Reduce -7.0% |
| DELL Dell Technologies -C | 1.58% | 59,963 | $7.5M | Add +13.9% |
| KLAC KLA Corp. | 1.50% | 5,886 | $7.2M | Reduce -7.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.45% | 22,069 | $6.9M | No change |
| CLS Celestica Inc. | 1.34% | 21,644 | $6.4M | Reduce -27.3% |
| GOOGL Alphabet Inc. Class A | 1.27% | 19,466 | $6.1M | Reduce -5.0% |
| HPE Hewlett Packard Enterprise | 1.27% | 252,224 | $6.1M | Add +1.6% |
| COR Cencora Inc. | 1.23% | 17,379 | $5.9M | Reduce -4.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.22% | 20,042 | $5.8M | No change |
| NXST Nexstar Media Group Inc. | 1.21% | 28,434 | $5.8M | Add +20.4% |
| EQH Equitable Holdings Inc. | 1.20% | 120,705 | $5.8M | Reduce -2.8% |
| AAPL Apple Inc. | 1.20% | 21,084 | $5.7M | Reduce -4.5% |
| ABBV Abbvie Inc. | 1.19% | 24,918 | $5.7M | Reduce -5.0% |
| VCTR Victory Capital Holding - A | 1.18% | 89,289 | $5.6M | Add +0.4% |
| GEN Gen Digital Inc. | 1.11% | 194,470 | $5.3M | Add +55.7% |
| VTI VG Morningstar TS MKT ETF-US | 1.00% | 14,251 | $4.8M | Reduce -1.4% |
| CSGS CSG Systems Intl Inc. | 0.96% | 59,985 | $4.6M | Reduce -9.5% |
| FHI Federated Hermes Inc. | 0.95% | 87,635 | $4.6M | Add +17.4% |
| TDTF NT Iboxx 5Y Dur Tips ETF | 0.92% | 184,396 | $4.4M | Add +14.7% |
| CMI Cummins Inc. | 0.85% | 7,952 | $4.1M | Reduce -3.8% |
| CMRE Costamare Inc. | 0.84% | 255,215 | $4.0M | Add +7.6% |
| MA Mastercard Inc. Class A | 0.81% | 6,791 | $3.9M | Add +7.3% |
| JXN Jackson Financial Inc. Class A | 0.79% | 35,470 | $3.8M | Reduce -6.7% |
| CDW CDW Corp. | 0.79% | 27,750 | $3.8M | Reduce -6.3% |
| EXPE Expedia Group Inc. | 0.78% | 13,080 | $3.7M | Add +2.1% |
| NVDA Nvidia Corp. | 0.72% | 18,544 | $3.5M | Add +22.5% |
| ACMR Acm Research Inc. Class A | 0.69% | 84,221 | $3.3M | Add +9.7% |
| UTHR United Therapeutics Corp. | 0.67% | 6,559 | $3.2M | Reduce -8.3% |
| ACN Accenture PLC Class A | 0.66% | 11,814 | $3.2M | Add +61.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.65% | 16,165 | $3.1M | Add +134.0% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.65% | 70,780 | $3.1M | Add +8.5% |
| BMY Bristol-Myers Squibb Co. | 0.64% | 56,785 | $3.1M | Reduce -4.5% |
| UNM Unum Group | 0.60% | 36,950 | $2.9M | Reduce -9.8% |
| R Ryder System Inc. | 0.59% | 14,700 | $2.8M | Reduce -2.2% |
| ARW Arrow Electronics Inc. | 0.58% | 25,350 | $2.8M | Add +3.5% |
| HPQ HP Inc. | 0.57% | 121,857 | $2.7M | Reduce -11.2% |
| IWC iShares Micro-Cap ETF | 0.57% | 17,195 | $2.7M | Add +0.7% |
| WLY Wiley (john) & Sons Class A | 0.57% | 88,227 | $2.7M | Reduce -10.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.56% | 36,695 | $2.7M | Add +182.4% |
| MCK McKesson Corp. | 0.56% | 3,247 | $2.7M | Reduce -1.6% |
| VTRS Viatris Inc. | 0.55% | 209,590 | $2.6M | Add +14.5% |
| TNL Travel + Leisure Co. | 0.54% | 36,935 | $2.6M | Add +29.4% |
| CALM Cal-Maine Foods Inc. | 0.52% | 31,175 | $2.5M | Reduce -2.4% |
| META Meta Platforms Inc. Class A | 0.49% | 3,516 | $2.3M | Add +9.4% |
| CBOE Cboe Global Markets Inc. | 0.47% | 8,862 | $2.2M | Add +0.5% |
| BWA Borgwarner Inc. | 0.46% | 49,045 | $2.2M | Add +6.5% |
| QCOM Qualcomm Inc. | 0.44% | 12,299 | $2.1M | Add +77.9% |
| ORLY O'reilly Automotive Inc. | 0.44% | 22,910 | $2.1M | Reduce -0.9% |
| GSK GSK PLC-Spon ADR | 0.43% | 41,956 | $2.1M | Add +27.4% |
| MRK Merck & Co. Inc. | 0.41% | 18,807 | $2.0M | Reduce -1.4% |
| URI United Rentals Inc. | 0.39% | 2,297 | $1.9M | Reduce -7.3% |
| HCA HCA Healthcare Inc. | 0.38% | 3,910 | $1.8M | Reduce -5.8% |
| TPR Tapestry Inc. | 0.38% | 14,160 | $1.8M | Reduce -6.8% |
| CSCO Cisco Systems Inc. | 0.38% | 23,393 | $1.8M | Reduce -0.8% |
| MAR Marriott International Class A | 0.37% | 5,708 | $1.8M | Add +13.4% |
| FDM First Trust Dow J Select Mic | 0.37% | 22,209 | $1.8M | No change |
| CBRE CBRE Group Inc. Class A | 0.37% | 10,871 | $1.7M | Reduce -1.5% |
| AN Autonation Inc. | 0.36% | 8,325 | $1.7M | Reduce -1.3% |
| VVX V2X Inc. | 0.36% | 31,115 | $1.7M | Add +45.3% |
| CBNK Capital Bancorp Inc. | 0.35% | 60,040 | $1.7M | No change |
| REGN Regeneron Pharmaceuticals | 0.34% | 2,125 | $1.6M | Add +0.1% |
| ALSN Allison Transmission Holding | 0.34% | 16,730 | $1.6M | Add +4.5% |
| LRN Stride Inc. | 0.34% | 24,860 | $1.6M | Add +2.2% |
| RITM Rithm Capital Corp. | 0.33% | 144,775 | $1.6M | Add +69.4% |
| MSFT Microsoft Corp. | 0.33% | 3,260 | $1.6M | Add +42.6% |
| UGI Ugi Corp. | 0.33% | 41,690 | $1.6M | Add +7.1% |
| IWB iShares Russell 1000 ETF | 0.33% | 4,168 | $1.6M | Add +12.9% |
| TMHC Taylor Morrison Home Corp. | 0.32% | 26,245 | $1.5M | Add +22.0% |
| JNJ Johnson & Johnson | 0.32% | 7,464 | $1.5M | Reduce -0.7% |
| PLGO Pelagos Insurance Capital LT filed as FIDELIS INSURANCE HOLDINGS L | 0.32% | 78,185 | $1.5M | Add +39.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.32% | 5,910 | $1.5M | No change |
| GRBK Green Brick Partners Inc. | 0.32% | 24,303 | $1.5M | Add +2.6% |
| AAMI Acadian Asset Management Inc. | 0.32% | 32,260 | $1.5M | Add +112.9% |
| PLAB Photronics Inc. | 0.31% | 46,385 | $1.5M | Add +1.2% |
| GLDM SPDR Gold Minishares Trust | 0.31% | 17,245 | $1.5M | Add +3.2% |
| TAP Molson Coors Beverage Co. Class B | 0.31% | 31,370 | $1.5M | Add +11.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.30% | 16,217 | $1.5M | Add +2.3% |
| PSMT Pricesmart Inc. | 0.30% | 11,670 | $1.4M | Reduce -2.3% |
| JAZZ Jazz Pharmaceuticals PLC | 0.30% | 8,304 | $1.4M | Reduce -1.8% |
| MEDP Medpace Holdings Inc. | 0.29% | 2,455 | $1.4M | Reduce -9.1% |
| CPAY Corpay Inc. | 0.29% | 4,560 | $1.4M | Add +32.7% |
| SLM SLM Corp. | 0.28% | 49,210 | $1.3M | Reduce -1.3% |
| IT Gartner Inc. | 0.27% | 5,203 | $1.3M | Reduce -32.3% |
| ISCG iShares Morningstar Small-Ca | 0.27% | 23,543 | $1.3M | Add +0.2% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.27% | 14,000 | $1.3M | No change |
| F Ford Motor Co. filed as FORD MTR CO | 0.26% | 96,185 | $1.3M | Add +84.4% |
| CRUS Cirrus Logic Inc. | 0.26% | 10,600 | $1.3M | Add +0.9% |
| NFG National Fuel Gas Co. | 0.26% | 15,335 | $1.2M | Add +5.1% |
| VT Vanguard Tot World STK ETF | 0.26% | 8,682 | $1.2M | Add +0.3% |
| XSMO Invesco S&P Smallcap Momentu | 0.26% | 17,000 | $1.2M | No change |
| TGNA Tegna Inc. | 0.25% | 62,347 | $1.2M | Reduce -1.7% |
Portfolio Sells Q3 2025 → Q4 2025
| AVGO Broadcom Inc. | Reduce -12.6% | 3.33% | −0.58 |
| UPBD Upbound Group Inc. | Reduce -43.3% | 0.24% | −0.37 |
| WLY Wiley (john) & Sons Class A | Reduce -10.2% | 0.57% | −0.33 |
| CLS Celestica Inc. | Reduce -27.3% | 1.34% | −0.32 |
| FISV Fiserv Inc. | Reduce -28.3% | 0.15% | −0.28 |
| HPQ HP Inc. | Reduce -11.2% | 0.57% | −0.27 |
| CDW CDW Corp. | Reduce -6.3% | 0.79% | −0.27 |
| EQH Equitable Holdings Inc. | Reduce -2.8% | 1.20% | −0.22 |
| KHC The Kraft Heinz Co. | Reduce -50.8% | 0.16% | −0.21 |
| VSEC Vse Corp. | Reduce -7.0% | 1.59% | −0.18 |
| IT Gartner Inc. | Reduce -32.3% | 0.27% | −0.18 |
| ABBV Abbvie Inc. | Reduce -5.0% | 1.19% | −0.18 |
| CALM Cal-Maine Foods Inc. | Reduce -2.4% | 0.52% | −0.16 |
| URI United Rentals Inc. | Reduce -7.3% | 0.39% | −0.14 |
| ORLY O'reilly Automotive Inc. | Reduce -0.9% | 0.44% | −0.13 |
| UNM Unum Group | Reduce -9.8% | 0.60% | −0.12 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.09 |
| VST Vistra Corp. | Reduce -14.2% | 0.17% | −0.09 |
| NOMD Nomad Foods Ltd. | Reduce -28.2% | 0.15% | −0.09 |
| SFM Sprouts Farmers Market Inc. | Reduce -2.2% | 0.17% | −0.08 |
| CARS Cars.com Inc. | Reduce -43.8% | 0.09% | −0.08 |
| JXN Jackson Financial Inc. Class A | Reduce -6.7% | 0.79% | −0.08 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.4% | 1.00% | −0.07 |
| AAPL Apple Inc. | Reduce -4.5% | 1.20% | −0.07 |
| OGN Organon & Co. | Reduce -54.8% | 0.03% | −0.07 |
| THC Tenet Healthcare Corp. | Reduce -20.7% | 0.17% | −0.07 |
| MTH Meritage Homes Corp. | Sold out | 0.00% | −0.07 |
| VLO Valero Energy Corp. | Reduce -14.9% | 0.20% | −0.06 |
| TEX Terex Corp. | Sold out | 0.00% | −0.06 |
| PPC Pilgrim's Pride Corp. | Sold out | 0.00% | −0.06 |
| CMDB Costamare Bulkers Holding | Sold out | 0.00% | −0.06 |
| COR Cencora Inc. | Reduce -4.7% | 1.23% | −0.06 |
| AN Autonation Inc. | Reduce -1.3% | 0.36% | −0.06 |
| DE Deere & Co. | Sold out | 0.00% | −0.06 |
| COF Capital One Financial Corp. | Reduce -24.4% | 0.21% | −0.05 |
| R Ryder System Inc. | Reduce -2.2% | 0.59% | −0.05 |
| TBBK The Bancorp Inc. | Reduce -1.8% | 0.23% | −0.05 |
| CHRD Chord Energy Corp. | Sold out | 0.00% | −0.05 |
| ZD Ziff Davis Inc. | Reduce -40.1% | 0.05% | −0.05 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.05 |
| KLAC KLA Corp. | Reduce -7.1% | 1.50% | −0.04 |
| CIVI Civitas Resources Inc. | Reduce -32.4% | 0.05% | −0.04 |
| FSK FS KKR Capital Corp. | Reduce -37.1% | 0.06% | −0.04 |
| PRGS Progress Software Corp. | Reduce -20.6% | 0.10% | −0.04 |
| TGNA Tegna Inc. | Reduce -1.7% | 0.25% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -20.8% | 0.09% | −0.04 |
| BLDR Builders Firstsource Inc. | Reduce -27.5% | 0.05% | −0.04 |
| VYX NCR Voyix Corp. | Reduce -25.8% | 0.04% | −0.04 |
| NSC Norfolk Southern Corp. | Reduce -10.6% | 0.13% | −0.03 |
| ORCL Oracle Corp. | Reduce -10.6% | 0.04% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| VWO Vanguard Ftse Emerging Marke | Add +649.0% | 2.45% | +2.10 |
| VEU Vanguard Ftse All-World Ex-U | Add +182.4% | 0.56% | +0.36 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +134.0% | 0.65% | +0.36 |
| GEN Gen Digital Inc. | Add +55.7% | 1.11% | +0.31 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +17.1% | 2.97% | +0.28 |
| ACN Accenture PLC Class A | Add +61.2% | 0.66% | +0.26 |
| TMSL T.rowe PRC Small-Mid Cap ETF | Add +10.8% | 5.20% | +0.25 |
| CMRE Costamare Inc. | Add +7.6% | 0.84% | +0.21 |
| QCOM Qualcomm Inc. | Add +77.9% | 0.44% | +0.18 |
| TNL Travel + Leisure Co. | Add +29.4% | 0.54% | +0.16 |
| EXPE Expedia Group Inc. | Add +2.1% | 0.78% | +0.16 |
| NXST Nexstar Media Group Inc. | Add +20.4% | 1.21% | +0.15 |
| AAMI Acadian Asset Management Inc. | Add +112.9% | 0.32% | +0.15 |
| LNC Lincoln National Corp. | New | 0.15% | +0.15 |
| VTRS Viatris Inc. | Add +14.5% | 0.55% | +0.14 |
| F Ford Motor Co. | Add +84.4% | 0.26% | +0.12 |
| PR Permian Resources Corp. Class A | Add +106.0% | 0.23% | +0.12 |
| PKW Invesco Buyback Achievers Et | Add +121.6% | 0.23% | +0.12 |
| RITM Rithm Capital Corp. | Add +69.4% | 0.33% | +0.11 |
| GSK GSK PLC-Spon ADR | Add +27.4% | 0.43% | +0.11 |
| TDW Tidewater Inc. | New | 0.11% | +0.11 |
| STZ Constellation Brands Inc. Class A | New | 0.10% | +0.10 |
| IWR iShares Russell Mid-Cap ETF | Add +89.7% | 0.22% | +0.10 |
| JPST JPMorgan Ultra-Short Income | Add +12.4% | 2.32% | +0.09 |
| PLGO Pelagos Insurance Capital LT | Add +39.1% | 0.32% | +0.09 |
| NVDA Nvidia Corp. | Add +22.5% | 0.72% | +0.09 |
| FMDE Fidelity Enhanced Mid Cap Co. | New | 0.08% | +0.08 |
| FHI Federated Hermes Inc. | Add +17.4% | 0.95% | +0.08 |
| CTEV Claritev Corp. | New | 0.08% | +0.08 |
| OMC Omnicom Group | Add +14.2% | 1.63% | +0.08 |
| MAR Marriott International Class A | Add +13.4% | 0.37% | +0.07 |
| VVX V2X Inc. | Add +45.3% | 0.36% | +0.07 |
| REGN Regeneron Pharmaceuticals | Add +0.1% | 0.34% | +0.07 |
| PLAB Photronics Inc. | Add +1.2% | 0.31% | +0.07 |
| JIRE JPMorgan Int Res Enh Eqty | Add +7.3% | 5.10% | +0.07 |
| CPAY Corpay Inc. | Add +32.7% | 0.29% | +0.06 |
| PFE Pfizer Inc. | Add +56.3% | 0.22% | +0.06 |
| MSFT Microsoft Corp. | Add +42.6% | 0.33% | +0.06 |
| MMS Maximus Inc. | New | 0.06% | +0.06 |
| AGG iShares Core U.S. Aggregate | New | 0.06% | +0.06 |
| ACI Albertsons Cos Inc. Class A | Add +61.3% | 0.17% | +0.05 |
| INCY Incyte Corp. | Add +35.0% | 0.17% | +0.05 |
| ENVA Enova International Inc. | Add +3.9% | 0.18% | +0.04 |
| TDTF NT Iboxx 5Y Dur Tips ETF | Add +14.7% | 0.92% | +0.04 |
| CCSI Consensus Cloud Solution | New | 0.04% | +0.04 |
| SFD Smithfield Foods Inc. | New | 0.04% | +0.04 |
| FNDB Schwab Fndmntl US BRD Mr ETF | New | 0.04% | +0.04 |
| ALSN Allison Transmission Holding | Add +4.5% | 0.34% | +0.04 |
| INVA Innoviva Inc. | Add +34.5% | 0.13% | +0.03 |
| UGI Ugi Corp. | Add +7.1% | 0.33% | +0.03 |
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 |