# Kendall Capital Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1731372. Source: https://holderbook.com/funds/1731372-kendall-capital-management/

- Reported value: $600.4M
- Positions: 236
- Weight of the ten largest: 35.0%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| T ROWE PRICE EXCHANGE-TRADED | [TMSL](https://holderbook.com/stocks/TMSL/) | $33.7M | 768,122 | 5.6% | 4 |
| J P MORGAN EXCHANGE TRADED F | [JIRE](https://holderbook.com/stocks/JIRE/) | $28.9M | 349,767 | 4.8% | 8 |
| FIDELITY COVINGTON TRUST | [FMDE](https://holderbook.com/stocks/FMDE/) | $27.1M | 666,866 | 4.5% | 3 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $26.0M | 60,280 | 4.3% | 17 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $17.3M | 45,720 | 2.9% | 31 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $16.6M | 192,258 | 2.8% | 10 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $16.0M | 53,138 | 2.7% | 31 |
| AVNET INC | [AVT](https://holderbook.com/stocks/AVT/) | $15.6M | 176,140 | 2.6% | 19 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $14.7M | 246,028 | 2.4% | 15 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $14.1M | 278,967 | 2.3% | 29 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $10.6M | 234,425 | 1.8% | 17 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $9.3M | 127,322 | 1.5% | 31 |
| ACM RESH INC | [ACMR](https://holderbook.com/stocks/ACMR/) | $9.2M | 72,820 | 1.5% | 9 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $7.6M | 22,069 | 1.3% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $7.4M | 25,526 | 1.2% | 31 |
| VSE CORP | [VSEC](https://holderbook.com/stocks/VSEC/) | $7.4M | 32,190 | 1.2% | 31 |
| VICTORY CAP HLDGS INC DEL | [VCTR](https://holderbook.com/stocks/VCTR/) | $7.3M | 87,077 | 1.2% | 21 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $6.9M | 19,239 | 1.1% | 31 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $6.9M | 18,812 | 1.1% | 10 |
| ISHARES TR | [SMMD](https://holderbook.com/stocks/SMMD/) | $6.7M | 73,607 | 1.1% | 19 |
| FEDERATED HERMES INC | [FHI](https://holderbook.com/stocks/FHI/) | $6.7M | 122,110 | 1.1% | 22 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $6.5M | 80,166 | 1.1% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $6.2M | 24,818 | 1.0% | 31 |
| FLEXSHARES TR | [TDTF](https://holderbook.com/stocks/TDTF/) | $5.5M | 232,247 | 0.9% | 29 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $5.5M | 7,727 | 0.9% | 30 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $5.5M | 25,193 | 0.9% | 5 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $5.4M | 14,711 | 0.9% | 25 |
| ARROW ELECTRS INC | [ARW](https://holderbook.com/stocks/ARW/) | $5.3M | 24,905 | 0.9% | 25 |
| WILEY JOHN & SONS INC | [WLY](https://holderbook.com/stocks/WLY/) | $5.0M | 103,037 | 0.8% | 15 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.0M | 24,740 | 0.8% | 8 |
| GEN DIGITAL INC | [GEN](https://holderbook.com/stocks/GEN/) | $4.9M | 197,625 | 0.8% | 19 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $4.9M | 17,265 | 0.8% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $4.9M | 58,062 | 0.8% | 4 |
| NEXSTAR MEDIA GROUP INC | [NXST](https://holderbook.com/stocks/NXST/) | $4.6M | 25,934 | 0.8% | 22 |
| EQUITABLE HLDGS INC | [EQH](https://holderbook.com/stocks/EQH/) | $4.2M | 96,775 | 0.7% | 24 |
| BORGWARNER INC | [BWA](https://holderbook.com/stocks/BWA/) | $4.1M | 61,885 | 0.7% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $4.0M | 69,150 | 0.7% | 31 |
| COSTAMARE INC | [CMRE](https://holderbook.com/stocks/CMRE/) | $4.0M | 282,815 | 0.7% | 19 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $3.9M | 7,549 | 0.6% | 31 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $3.6M | 25,485 | 0.6% | 31 |
| RYDER SYS INC | [R](https://holderbook.com/stocks/R/) | $3.6M | 13,540 | 0.6% | 17 |
| V2X INC | [VVX](https://holderbook.com/stocks/VVX/) | $3.5M | 46,590 | 0.6% | 5 |
| VIATRIS INC | [VTRS](https://holderbook.com/stocks/VTRS/) | $3.5M | 217,370 | 0.6% | 17 |
| ISHARES TR | [IWC](https://holderbook.com/stocks/IWC/) | $3.5M | 17,252 | 0.6% | 21 |
| TRAVEL PLUS LEISURE CO | [TNL](https://holderbook.com/stocks/TNL/) | $3.4M | 44,600 | 0.6% | 7 |
| JACKSON FINANCIAL INC | [JXN](https://holderbook.com/stocks/JXN/) | $3.3M | 32,472 | 0.6% | 15 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $3.3M | 12,980 | 0.6% | 13 |
| UNITED THERAPEUTICS CORP DEL | [UTHR](https://holderbook.com/stocks/UTHR/) | $3.2M | 5,881 | 0.5% | 13 |
| ENOVA INTL INC | [ENVA](https://holderbook.com/stocks/ENVA/) | $3.1M | 12,950 | 0.5% | 5 |
| UNUM GROUP | [UNM](https://holderbook.com/stocks/UNM/) | $2.8M | 31,695 | 0.5% | 25 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.7M | 23,236 | 0.5% | 31 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $2.7M | 3,540 | 0.4% | 19 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $2.7M | 50,941 | 0.4% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $2.5M | 19,682 | 0.4% | 31 |
| CAL MAINE FOODS INC | [CALM](https://holderbook.com/stocks/CALM/) | $2.5M | 31,160 | 0.4% | 14 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $2.5M | 13,412 | 0.4% | 21 |
| ACADIAN ASSET MANAGEMENT INC | [AAMI](https://holderbook.com/stocks/AAMI/) | $2.4M | 33,985 | 0.4% | 5 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $2.4M | 6,443 | 0.4% | 13 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $2.4M | 2,087 | 0.4% | 31 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $2.4M | 107,423 | 0.4% | 21 |
| JAZZ PHARMACEUTICALS PLC | [JAZZ](https://holderbook.com/stocks/JAZZ/) | $2.3M | 9,719 | 0.4% | 29 |
| STRIDE INC | [LRN](https://holderbook.com/stocks/LRN/) | $2.3M | 26,602 | 0.4% | 12 |
| FIRST TR EXCHANGE-TRADED FD | [FDM](https://holderbook.com/stocks/FDM/) | $2.3M | 24,307 | 0.4% | 11 |
| PELAGOS INS CAP LTD | [PLGO](https://holderbook.com/stocks/PLGO/) | $2.2M | 91,465 | 0.4% | 8 |
| GREEN BRICK PARTNERS INC | [GRBK](https://holderbook.com/stocks/GRBK/) | $2.2M | 27,533 | 0.4% | 13 |
| CBOE GLOBAL MKTS INC | [CBOE](https://holderbook.com/stocks/CBOE/) | $2.1M | 8,852 | 0.4% | 24 |
| UGI CORP NEW | [UGI](https://holderbook.com/stocks/UGI/) | $2.1M | 61,578 | 0.4% | 23 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.1M | 8,136 | 0.3% | 31 |
| PRICESMART INC | [PSMT](https://holderbook.com/stocks/PSMT/) | $2.1M | 10,535 | 0.3% | 10 |
| BLOCK H & R INC | [HRB](https://holderbook.com/stocks/HRB/) | $2.0M | 53,000 | 0.3% | 13 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $2.0M | 13,590 | 0.3% | 11 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $1.9M | 139,258 | 0.3% | 16 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $1.9M | 20,990 | 0.3% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.9M | 3,385 | 0.3% | 11 |
| DELUXE CORP MEDIUM TERM NTS | [DLX](https://holderbook.com/stocks/DLX/) | $1.9M | 78,776 | 0.3% | 9 |
| CAPITAL BANCORP INC MD | [CBNK](https://holderbook.com/stocks/CBNK/) | $1.9M | 53,000 | 0.3% | 9 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.8M | 5,953 | 0.3% | 31 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $1.7M | 879 | 0.3% | 1 |
| ALLISON TRANSMISSION HLDGS I | [ALSN](https://holderbook.com/stocks/ALSN/) | $1.7M | 15,327 | 0.3% | 10 |
| PERMIAN RESOURCES CORP | [PR](https://holderbook.com/stocks/PR/) | $1.7M | 93,745 | 0.3% | 6 |
| NATIONAL FUEL GAS CO | [NFG](https://holderbook.com/stocks/NFG/) | $1.7M | 21,538 | 0.3% | 15 |
| CIRRUS LOGIC INC | [CRUS](https://holderbook.com/stocks/CRUS/) | $1.6M | 10,887 | 0.3% | 15 |
| INVESCO EXCHANGE TRADED FD T | [XSMO](https://holderbook.com/stocks/XSMO/) | $1.6M | 17,000 | 0.3% | 5 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $1.6M | 3,818 | 0.3% | 25 |
| ISHARES TR | [ISCG](https://holderbook.com/stocks/ISCG/) | $1.5M | 23,500 | 0.3% | 5 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $1.5M | 14,000 | 0.3% | 5 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $1.5M | 19,124 | 0.3% | 18 |
| ONEMAIN HLDGS INC | [OMF](https://holderbook.com/stocks/OMF/) | $1.5M | 24,330 | 0.2% | 28 |
| CORPAY INC | [CPAY](https://holderbook.com/stocks/CPAY/) | $1.5M | 4,420 | 0.2% | 10 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.5M | 3,390 | 0.2% | 7 |
| COVISTA INC | [CVSA](https://holderbook.com/stocks/CVSA/) | $1.4M | 11,622 | 0.2% | 6 |
| INCYTE CORP | [INCY](https://holderbook.com/stocks/INCY/) | $1.4M | 12,780 | 0.2% | 4 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.4M | 14,994 | 0.2% | 9 |
| PHOTRONICS INC | [PLAB](https://holderbook.com/stocks/PLAB/) | $1.4M | 44,032 | 0.2% | 13 |
| AUTONATION INC | [AN](https://holderbook.com/stocks/AN/) | $1.4M | 7,660 | 0.2% | 24 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $1.4M | 5,445 | 0.2% | 31 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $1.4M | 3,585 | 0.2% | 31 |
| LEAR CORP | [LEA](https://holderbook.com/stocks/LEA/) | $1.4M | 10,417 | 0.2% | 31 |
| HAMILTON INSURANCE GROUP LTD | [HG](https://holderbook.com/stocks/HG/) | $1.4M | 40,469 | 0.2% | 5 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $1.4M | 2,196 | 0.2% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +19.5% | +14.8% | +4.7% | 100% |
| Q1 2026 | +0.1% | -4.6% | +4.7% | 100% |
| Q4 2025 | +1.5% | +2.4% | -0.8% | 100% |
| Q3 2025 | +8.3% | +7.8% | +0.5% | 100% |
| Q2 2025 | +8.4% | +10.5% | -2.0% | 100% |
| Q1 2025 | -3.7% | -4.6% | +0.8% | 100% |
| Q4 2024 | +0.1% | +2.1% | -2.0% | 99% |
| Q3 2024 | +6.1% | +5.4% | +0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $600.4M | 236 |
| Q1 2026 | $488.0M | 231 |
| Q4 2025 | $478.0M | 230 |
| Q3 2025 | $443.6M | 232 |
| Q2 2025 | $378.1M | 225 |
| Q1 2025 | $340.3M | 218 |
| Q4 2024 | $341.8M | 217 |
| Q3 2024 | $323.9M | 210 |
| Q2 2024 | $299.9M | 209 |
| Q1 2024 | $290.7M | 210 |
| Q4 2023 | $257.4M | 203 |
| Q3 2023 | $225.6M | 194 |