13F HOLDINGS REPORT
Kendall Capital Management
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0001731372-25-000006
Total Value
$443.6M
Positions
232
Other Managers
0
Confidential Omitted
No
Holdings (232)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | iShares Russell 2500 ETF | 46435G268 | 331,297 | $24.4M | 5.51% |
| 2 | JPMorgan International Research Enhanced Equity ETF | 46641Q134 | 303,288 | $22.3M | 5.03% |
| 3 | T. Rowe Price Small-Mid Cap ETF | 87283Q826 | 624,577 | $22.0M | 4.95% |
| 4 | Broadcom Inc | AVGO | 52,530 | $17.3M | 3.91% |
| 5 | Vanguard Growth Index Fund ETF | 922908736 | 24,874 | $11.9M | 2.69% |
| 6 | JPMorgan Ultra-Short Income ETF | 46641Q837 | 195,074 | $9.9M | 2.23% |
| 7 | Avnet Inc | AVT | 156,225 | $8.2M | 1.84% |
| 8 | VSE Corp | VSECU | 47,215 | $7.8M | 1.77% |
| 9 | Dell Technologies Inc | DELL | 52,640 | $7.5M | 1.68% |
| 10 | Celestica Inc | CLS | 29,784 | $7.3M | 1.65% |
| 11 | Omnicom Group Inc | OMC | 84,275 | $6.9M | 1.55% |
| 12 | KLA Corp | KLAC | 6,337 | $6.8M | 1.54% |
| 13 | Vanguard Large-Cap ETF | 922908637 | 22,069 | $6.8M | 1.53% |
| 14 | Equitable Holdings Inc | EQH-PC | 124,239 | $6.3M | 1.42% |
| 15 | Hewlett Packard Enterprise Co | HPE-PC | 248,379 | $6.1M | 1.38% |
| 16 | Abbvie Inc | ABBV | 26,242 | $6.1M | 1.37% |
| 17 | Vanguard Mid-Cap ETF | 922908629 | 20,042 | $5.9M | 1.33% |
| 18 | Victory Capital Holdings Inc | 92645B103 | 88,944 | $5.8M | 1.30% |
| 19 | Cencora Inc | COR | 18,239 | $5.7M | 1.29% |
| 20 | Apple Inc | AAPL | 22,089 | $5.6M | 1.27% |
| 21 | Alphabet Inc A | GOOG | 20,480 | $5.0M | 1.12% |
| 22 | Vanguard Total Stock Market ETF | 922908769 | 14,457 | $4.7M | 1.07% |
| 23 | CDW Corp | CDW | 29,620 | $4.7M | 1.06% |
| 24 | Nexstar Media Group Inc | NXST | 23,614 | $4.7M | 1.05% |
| 25 | CSG Systems International Inc | 126349109 | 66,285 | $4.3M | 0.96% |
| 26 | John Wiley & Sons Inc Class A | 968223206 | 98,262 | $4.0M | 0.90% |
| 27 | FlexShares iBoxx 5-Yr Target Duration TIPS Index | FLEX | 160,830 | $3.9M | 0.88% |
| 28 | Federated Hermes Inc | FHI | 74,655 | $3.9M | 0.87% |
| 29 | Jackson Financial Inc | JXN-PA | 38,030 | $3.8M | 0.87% |
| 30 | HP Inc | HPQ | 137,197 | $3.7M | 0.84% |
| 31 | Stride Inc | LRN | 24,335 | $3.6M | 0.82% |
| 32 | Mastercard Inc | MA | 6,331 | $3.6M | 0.81% |
| 33 | Gen Digital Inc | GENVR | 124,895 | $3.5M | 0.80% |
| 34 | Cummins Inc | CMI | 8,268 | $3.5M | 0.79% |
| 35 | H&R Block Inc | BSQKZ | 65,235 | $3.3M | 0.74% |
| 36 | Unum Group | UNMA | 40,960 | $3.2M | 0.72% |
| 37 | Cal-Maine Foods Inc | CALM | 31,940 | $3.0M | 0.68% |
| 38 | ACM Research Inc | 00108J109 | 76,771 | $3.0M | 0.68% |
| 39 | United Therapeutics Corp | UTHR | 7,150 | $3.0M | 0.68% |
| 40 | Arrow Electronics Inc | 042735100 | 24,480 | $3.0M | 0.67% |
| 41 | Ryder System Inc | R | 15,035 | $2.8M | 0.64% |
| 42 | Nvidia Corp | NVDA | 15,140 | $2.8M | 0.64% |
| 43 | Costamare Inc | CMRE-PC | 237,154 | $2.8M | 0.64% |
| 44 | Expedia Group Inc | EXPE | 12,815 | $2.7M | 0.62% |
| 45 | Upbound Group Inc | UPBD | 114,485 | $2.7M | 0.61% |
| 46 | Bristol-Myers Squibb Co | CELG-RI | 59,482 | $2.7M | 0.60% |
| 47 | McKesson Corp | MCK | 3,301 | $2.6M | 0.57% |
| 48 | iShares Micro-Cap ETF | 464288869 | 17,074 | $2.5M | 0.57% |
| 49 | O'Reilly Automotive Inc | 67103H107 | 23,130 | $2.5M | 0.56% |
| 50 | United Rentals Inc | URI | 2,477 | $2.4M | 0.53% |
| 51 | Meta Platforms Inc | META | 3,215 | $2.4M | 0.53% |
| 52 | Cboe Global Markets Inc | 12503M108 | 8,822 | $2.2M | 0.49% |
| 53 | BorgWarner Inc | BWA | 46,075 | $2.0M | 0.46% |
| 54 | Gartner Inc | IT | 7,686 | $2.0M | 0.46% |
| 55 | Fiserv Inc | FISV | 14,873 | $1.9M | 0.43% |
| 56 | Capital Bancorp Inc | CBNK | 60,040 | $1.9M | 0.43% |
| 57 | Autonation Inc | AN | 8,435 | $1.8M | 0.42% |
| 58 | Viatris Inc | VTRS | 183,080 | $1.8M | 0.41% |
| 59 | Accenture Plc | ACN | 7,330 | $1.8M | 0.41% |
| 60 | HCA Healthcare Inc | HCA | 4,150 | $1.8M | 0.40% |
| 61 | Green Brick Partners Inc | GRBK-PA | 23,688 | $1.7M | 0.39% |
| 62 | CBRE Group Inc | CBRE | 11,036 | $1.7M | 0.39% |
| 63 | Tapestry Inc | TPR | 15,200 | $1.7M | 0.39% |
| 64 | Travel and Leisure Co | 894164102 | 28,535 | $1.7M | 0.38% |
| 65 | First Trust Dow Jones Select MicroCap Index ETF | 33718M105 | 22,209 | $1.7M | 0.38% |
| 66 | Kraft Heinz Co | KHC | 63,420 | $1.7M | 0.37% |
| 67 | Cisco Systems Inc | CSCO | 23,588 | $1.6M | 0.36% |
| 68 | Merck & Co Inc | MRK | 19,075 | $1.6M | 0.36% |
| 69 | Vanguard Emerging Markets Stock ETF | 922042858 | 29,090 | $1.6M | 0.36% |
| 70 | Vanguard Small-Cap ETF | 922908751 | 5,910 | $1.5M | 0.34% |
| 71 | Pricesmart Inc | PSMT | 11,950 | $1.4M | 0.33% |
| 72 | Glaxosmithkline Plc | GLAXF | 32,941 | $1.4M | 0.32% |
| 73 | Taylor Morrison Home Corp | TMHC | 21,510 | $1.4M | 0.32% |
| 74 | Johnson & Johnson | JNJ | 7,515 | $1.4M | 0.31% |
| 75 | Medpace Holdings Inc | MEDP | 2,700 | $1.4M | 0.31% |
| 76 | iShares Core MSCI EAFE ETF | 46432F842 | 15,850 | $1.4M | 0.31% |
| 77 | SLM Corp | SLMBP | 49,860 | $1.4M | 0.31% |
| 78 | Allison Transmission Holdings Inc | ALSN | 16,010 | $1.4M | 0.31% |
| 79 | iShares Russell 1000 ETF | 464287622 | 3,692 | $1.3M | 0.30% |
| 80 | National Fuel Gas Co | NFG | 14,588 | $1.3M | 0.30% |
| 81 | Cirrus Logic Inc | CRUS | 10,510 | $1.3M | 0.30% |
| 82 | Marriott International Inc | 571903202 | 5,033 | $1.3M | 0.30% |
| 83 | UGI Corp | 902681105 | 38,920 | $1.3M | 0.29% |
| 84 | Tegna Inc | 87901J105 | 63,452 | $1.3M | 0.29% |
| 85 | Vanguard Value Index Fund ETF | 922908744 | 6,909 | $1.3M | 0.29% |
| 86 | SPDR Gold MiniShares Trust | GLDW | 16,709 | $1.3M | 0.29% |
| 87 | iShares Morningstar Small-Cap Growth ETF | 464288604 | 23,500 | $1.3M | 0.29% |
| 88 | Molson Coors Beverages Co Class B | TAP-A | 28,130 | $1.3M | 0.29% |
| 89 | Penske Automotive Group Inc | 70959W103 | 7,315 | $1.3M | 0.29% |
| 90 | Invesco S&P SmallCap Momentum ETF | IVZ | 17,000 | $1.3M | 0.28% |
| 91 | V2X Inc | VVX | 21,410 | $1.2M | 0.28% |
| 92 | SPDR S&P 600 Small Cap Value ETF | 78464A300 | 14,000 | $1.2M | 0.28% |
| 93 | Bancorp Inc | TBBK | 16,520 | $1.2M | 0.28% |
| 94 | Regeneron Pharmaceuticals Inc | REGN | 2,124 | $1.2M | 0.27% |
| 95 | Vanguard Total World Stock ETF | 922042742 | 8,653 | $1.2M | 0.27% |
| 96 | Microsoft Corp | MSFT | 2,286 | $1.2M | 0.27% |
| 97 | Qualcomm Inc | QCOM | 6,915 | $1.2M | 0.26% |
| 98 | Valero Energy Corp | VLO | 6,745 | $1.1M | 0.26% |
| 99 | Capital One Financial Corp | 14040H105 | 5,372 | $1.1M | 0.26% |
| 100 | Vistra Energy Corp | VST | 5,725 | $1.1M | 0.25% |
| 101 | Jazz Pharmaceutical PLC | JAZZ | 8,454 | $1.1M | 0.25% |
| 102 | Sprouts Farmers Market Inc | 85208M102 | 10,145 | $1.1M | 0.25% |
| 103 | Photronics Inc | PLAB | 45,830 | $1.1M | 0.24% |
| 104 | Nomad Foods Ltd | NOMD | 79,040 | $1.0M | 0.23% |
| 105 | Tenet Healthcare Corp | THC | 5,115 | $1.0M | 0.23% |
| 106 | Teekay Tankers Ltd | TNK | 20,190 | $1.0M | 0.23% |
| 107 | Fidelis Insurance Holdings | FIHL | 56,220 | $1.0M | 0.23% |
| 108 | Lear Corp | LEA | 9,935 | $999,560 | 0.23% |
| 109 | Corpay Inc | CPAY | 3,436 | $989,774 | 0.22% |
| 110 | Gilead Sciences Inc | GILD | 8,912 | $989,232 | 0.22% |
| 111 | International Business Machine Corp | INTR | 3,464 | $977,402 | 0.22% |
| 112 | Leidos Holdings Inc | LDOS | 5,155 | $974,089 | 0.22% |
| 113 | Rithm Capital Corp | RITM-PF | 85,460 | $973,389 | 0.22% |
| 114 | FlexShares Global Upstream Natural Resources Index ETF | FLEX | 22,126 | $968,676 | 0.22% |
| 115 | Brighthouse Financial Inc | 10922N103 | 18,090 | $960,217 | 0.22% |
| 116 | Vanguard FTSE All-World ex-US ETF | 922042775 | 12,994 | $927,382 | 0.21% |
| 117 | iShares Residential and Multi Real Estate ETF | 464288562 | 10,829 | $920,140 | 0.21% |
| 118 | Affiliated Managers Group Inc | MGRE | 3,605 | $859,540 | 0.19% |
| 119 | Hamilton Insurance Group Ltd | HG | 34,450 | $854,360 | 0.19% |
| 120 | Amgen Inc | AMGN | 3,017 | $851,397 | 0.19% |
| 121 | Vanguard Mid Value Index Fund ETF | 922908512 | 4,829 | $843,047 | 0.19% |
| 122 | Group 1 Automotive Inc | GPI | 1,900 | $831,269 | 0.19% |
| 123 | Mueller Industries Inc | 624756102 | 8,025 | $811,408 | 0.18% |
| 124 | Onemain Holdings Inc | OMF | 14,115 | $796,933 | 0.18% |
| 125 | Altria Group Inc | MO | 12,047 | $795,825 | 0.18% |
| 126 | Restaurant Brands International Inc | 76131D103 | 12,165 | $780,263 | 0.18% |
| 127 | Cars.Com Inc | CARS | 62,940 | $769,127 | 0.17% |
| 128 | iShares S&P Small-Cap 600 Growth ETF | 464287887 | 5,352 | $757,308 | 0.17% |
| 129 | Norfolk Southern Corp | 655844108 | 2,463 | $739,910 | 0.17% |
| 130 | Sanmina Corp | SANM | 6,390 | $735,553 | 0.17% |
| 131 | Acadian Asset Management Inc | AAMI | 15,150 | $729,624 | 0.16% |
| 132 | iShares S&P Small-Cap 600 Value ETF | 464287879 | 6,271 | $693,510 | 0.16% |
| 133 | Pfizer Inc | PFE | 26,515 | $675,604 | 0.15% |
| 134 | United Continental Holdings Inc | UNTCW | 6,805 | $656,682 | 0.15% |
| 135 | Fidelity National Information Services Inc | 31620M106 | 9,855 | $649,839 | 0.15% |
| 136 | Apollo Global Management Inc | 03769M106 | 4,860 | $647,692 | 0.15% |
| 137 | iShares Russell 1000 Growth ETF | 464287614 | 1,350 | $632,354 | 0.14% |
| 138 | Collegium Pharmaceutical Inc | COLL | 17,980 | $629,120 | 0.14% |
| 139 | Ford Motor Co | 345370860 | 52,170 | $623,953 | 0.14% |
| 140 | Enova International Inc | 29357K103 | 5,415 | $623,212 | 0.14% |
| 141 | AstraZeneca plc | AZN | 8,033 | $616,318 | 0.14% |
| 142 | S&P Global Inc | SPGI | 1,265 | $615,688 | 0.14% |
| 143 | Progress Software Corp | 743312100 | 13,930 | $611,945 | 0.14% |
| 144 | PIMCO Intermediate Municipal Bd Actv ETF | 72201R866 | 11,600 | $606,448 | 0.14% |
| 145 | Technology Select Sector SPDR ETF | 81369Y803 | 2,143 | $604,026 | 0.14% |
| 146 | Adeia Inc | ADEA | 34,575 | $580,860 | 0.13% |
| 147 | iShares Russell Mid Cap ETF | 464287499 | 5,800 | $559,990 | 0.13% |
| 148 | Deluxe Corp | DLX | 28,886 | $559,233 | 0.13% |
| 149 | Bunge Global SA | BG | 6,880 | $559,000 | 0.13% |
| 150 | Comcast Corp | CCZ | 17,393 | $546,488 | 0.12% |
| 151 | J M Smucker Co | 832696405 | 4,950 | $537,570 | 0.12% |
| 152 | Texas Instruments Inc | 882508104 | 2,901 | $533,001 | 0.12% |
| 153 | Albertsons Companies Inc | 013091103 | 29,385 | $514,531 | 0.12% |
| 154 | Lam Research Corp | LRCX | 3,770 | $504,803 | 0.11% |
| 155 | Incyte Corp. | INCY | 5,950 | $504,620 | 0.11% |
| 156 | TKO Group Holdings Inc | TKO | 2,495 | $503,890 | 0.11% |
| 157 | Adtalem Global Education Inc | ADT | 3,192 | $493,004 | 0.11% |
| 158 | Permian Resources Corp | PR | 38,100 | $487,680 | 0.11% |
| 159 | PowerShares Buyback Achievers ETF | IVZ | 3,647 | $483,155 | 0.11% |
| 160 | L3Harris Technologies Inc | LHX | 1,550 | $473,386 | 0.11% |
| 161 | Radian Group Inc | RDN | 13,065 | $473,214 | 0.11% |
| 162 | JPMorgan Chase & Co | VYLD | 1,498 | $472,514 | 0.11% |
| 163 | Invesco Limited | IVZ | 19,575 | $449,050 | 0.10% |
| 164 | FS KKR Capital Corp | FSK | 29,917 | $446,661 | 0.10% |
| 165 | Ziff Davis Inc | ZD | 11,275 | $429,578 | 0.10% |
| 166 | CACI International Inc | 127190304 | 859 | $428,452 | 0.10% |
| 167 | Innoviva Inc | INVA | 23,115 | $421,849 | 0.10% |
| 168 | Magna International Inc | 559222401 | 8,835 | $418,602 | 0.09% |
| 169 | Civitas Resources Inc | 17888H103 | 12,825 | $416,812 | 0.09% |
| 170 | Organon & Co | OGN | 38,450 | $410,646 | 0.09% |
| 171 | Vanguard FTSE Developed Mkts ETF | 921943858 | 6,802 | $407,576 | 0.09% |
| 172 | Wal-Mart Stores Inc | WMT | 3,925 | $404,510 | 0.09% |
| 173 | Owens Corning | OC | 2,855 | $403,868 | 0.09% |
| 174 | Sinclair Inc | SBGI | 26,495 | $400,074 | 0.09% |
| 175 | Interpublic Group of Companies Inc | INTR | 14,260 | $397,997 | 0.09% |
| 176 | Vanguard Short-Term Treasury ETF | 92206C102 | 6,560 | $386,056 | 0.09% |
| 177 | Exxon Mobil Corp | XOM | 3,378 | $380,837 | 0.09% |
| 178 | Builders FirstSource Inc | BLDR | 3,055 | $370,419 | 0.08% |
| 179 | Berkshire Hathaway Inc | BRK-A | 703 | $353,426 | 0.08% |
| 180 | NCR Voyix Corp | NCRRP | 28,150 | $353,282 | 0.08% |
| 181 | iShares MSCI USA Quality Factor ETF | 46432F339 | 1,800 | $350,100 | 0.08% |
| 182 | Oracle Corp | ORCL-PD | 1,230 | $345,925 | 0.08% |
| 183 | DR Horton Inc | 23331A109 | 2,038 | $345,380 | 0.08% |
| 184 | WisdomTree US Total Dividend ETF | WT | 4,080 | $342,720 | 0.08% |
| 185 | Warrior Met Coal Inc | HCC | 5,365 | $341,429 | 0.08% |
| 186 | Cardinal Health Inc | CAH | 2,165 | $339,818 | 0.08% |
| 187 | Autozone Inc | AZO | 79 | $338,929 | 0.08% |
| 188 | Thor Industries Inc | 885160101 | 3,250 | $336,992 | 0.08% |
| 189 | iShares Russell Top 200 ETF | 464289446 | 1,990 | $330,539 | 0.07% |
| 190 | iShares Russell Mid Growth ETF | 464287481 | 2,318 | $330,106 | 0.07% |
| 191 | Chevron Corp | CVX | 2,102 | $326,420 | 0.07% |
| 192 | iShares Core S&P Small-Cap ETF | 464287804 | 2,578 | $306,344 | 0.07% |
| 193 | Vanguard Mid-Cap Growth ETF | 922908538 | 1,041 | $305,835 | 0.07% |
| 194 | Novartis AG | NVSEF | 2,295 | $294,311 | 0.07% |
| 195 | Union Pacific Corp | UNP | 1,238 | $292,626 | 0.07% |
| 196 | Masco Corp | MAS | 4,130 | $290,711 | 0.07% |
| 197 | Meritage Homes Corp | MTH | 4,000 | $289,720 | 0.07% |
| 198 | Patrick Industries Inc | 703343103 | 2,795 | $289,087 | 0.07% |
| 199 | Stryker Corp | SYK | 773 | $285,755 | 0.06% |
| 200 | Goldman Sachs BDC Inc | GSBD | 27,995 | $284,709 | 0.06% |
| 201 | Veeco Instruments Inc | 922417100 | 9,150 | $278,434 | 0.06% |
| 202 | Evercore Inc | EVR | 825 | $278,289 | 0.06% |
| 203 | Navient Corp | JSM | 20,885 | $274,638 | 0.06% |
| 204 | Terex Corp | TEX | 5,350 | $274,455 | 0.06% |
| 205 | iShares S&P 500 Value ETF | 464287408 | 1,329 | $274,452 | 0.06% |
| 206 | CVS Health Corp | CVS | 3,580 | $269,896 | 0.06% |
| 207 | Greenbrier Companies, Inc. | 393657101 | 5,745 | $265,247 | 0.06% |
| 208 | Pilgrims Pride Corp | PPC | 6,385 | $259,997 | 0.06% |
| 209 | Costamare Bulkers Holdings | Y2001C101 | 17,898 | $257,194 | 0.06% |
| 210 | Amneal Pharmaceuticals Inc | AMRX | 25,670 | $256,957 | 0.06% |
| 211 | iShares Morningstar Mid-Cap Growth ETF | 464288307 | 3,067 | $253,706 | 0.06% |
| 212 | Deere & Co | DE | 535 | $244,634 | 0.06% |
| 213 | Western Union Co | WU | 30,197 | $241,274 | 0.05% |
| 214 | Caterpillar Inc | CAT | 500 | $238,575 | 0.05% |
| 215 | Vanguard Real Estate Index Fund ETF | 922908553 | 2,570 | $234,949 | 0.05% |
| 216 | Visa Inc | V | 669 | $228,383 | 0.05% |
| 217 | Vanguard Tax-Exempt Bond Index ETF | 922907746 | 4,467 | $223,663 | 0.05% |
| 218 | Sanofi SA | SNYNF | 4,685 | $221,132 | 0.05% |
| 219 | AES Corp | AES | 16,762 | $220,588 | 0.05% |
| 220 | CSX Corp | CSX | 6,144 | $218,173 | 0.05% |
| 221 | SPDR Portfolio S&P 500 ETF | 78464A854 | 2,768 | $216,845 | 0.05% |
| 222 | Amazon.com Inc | AMZN | 974 | $213,827 | 0.05% |
| 223 | Chord Energy Corp | CHRD | 2,127 | $211,360 | 0.05% |
| 224 | iShares Russell 2000 ETF | 464287655 | 833 | $201,553 | 0.05% |
| 225 | Coca-Cola Co | KO | 3,019 | $200,220 | 0.05% |
| 226 | Park Hotels and Resorts Inc | PK | 13,190 | $146,145 | 0.03% |
| 227 | Janus International Group Inc | JBI | 11,475 | $113,258 | 0.03% |
| 228 | Bausch Health Companies Inc | 071734107 | 15,225 | $98,201 | 0.02% |
| 229 | Service Properties Trust | 81761L102 | 31,316 | $84,866 | 0.02% |
| 230 | Medical Properties Trust Inc | 58463J304 | 14,925 | $75,670 | 0.02% |
| 231 | Coty Inc | COTY | 10,650 | $43,026 | 0.01% |
| 232 | Basanite Inc | BASA | 31,000 | $1,066 | 0.00% |