13F HOLDINGS REPORT
Kendall Capital Management
Quarter ended Q4 2025 · Filed January 16, 2026 · Accession 0001731372-26-000001
Total Value
$478.0M
Positions
230
Other Managers
0
Confidential Omitted
No
Holdings (230)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | iShares Russell 2500 ETF | 46435G268 | 352,861 | $26.4M | 5.53% |
| 2 | T. Rowe Price Small-Mid Cap ETF | 87283Q826 | 692,124 | $24.8M | 5.20% |
| 3 | JPMorgan International Research Enhanced Equity ETF | 46641Q134 | 325,315 | $24.4M | 5.10% |
| 4 | Broadcom Inc | AVGO | 45,933 | $15.9M | 3.33% |
| 5 | Vanguard Growth Index Fund ETF | 922908736 | 29,114 | $14.2M | 2.97% |
| 6 | Vanguard Emerging Markets Stock ETF | 922042858 | 217,894 | $11.7M | 2.45% |
| 7 | JPMorgan Ultra-Short Income ETF | 46641Q837 | 219,358 | $11.1M | 2.32% |
| 8 | Avnet Inc | AVT | 163,710 | $7.9M | 1.65% |
| 9 | Omnicom Group Inc | OMC | 96,201 | $7.8M | 1.63% |
| 10 | VSE Corp | VSECU | 43,900 | $7.6M | 1.59% |
| 11 | Dell Technologies Inc | DELL | 59,963 | $7.5M | 1.58% |
| 12 | KLA Corp | KLAC | 5,886 | $7.2M | 1.50% |
| 13 | Vanguard Large-Cap ETF | 922908637 | 22,069 | $6.9M | 1.45% |
| 14 | Celestica Inc | CLS | 21,644 | $6.4M | 1.34% |
| 15 | Alphabet Inc A | GOOG | 19,466 | $6.1M | 1.27% |
| 16 | Hewlett Packard Enterprise Co | HPE-PC | 252,224 | $6.1M | 1.27% |
| 17 | Cencora Inc | COR | 17,379 | $5.9M | 1.23% |
| 18 | Vanguard Mid-Cap ETF | 922908629 | 20,042 | $5.8M | 1.22% |
| 19 | Nexstar Media Group Inc | NXST | 28,434 | $5.8M | 1.21% |
| 20 | Equitable Holdings Inc | EQH-PC | 120,705 | $5.8M | 1.20% |
| 21 | Apple Inc | AAPL | 21,084 | $5.7M | 1.20% |
| 22 | Abbvie Inc | ABBV | 24,918 | $5.7M | 1.19% |
| 23 | Victory Capital Holdings Inc | 92645B103 | 89,289 | $5.6M | 1.18% |
| 24 | Gen Digital Inc | GENVR | 194,470 | $5.3M | 1.11% |
| 25 | Vanguard Total Stock Market ETF | 922908769 | 14,251 | $4.8M | 1.00% |
| 26 | CSG Systems International Inc | 126349109 | 59,985 | $4.6M | 0.96% |
| 27 | Federated Hermes Inc | FHI | 87,635 | $4.6M | 0.95% |
| 28 | FlexShares iBoxx 5-Yr Target Duration TIPS Index | FLEX | 184,396 | $4.4M | 0.92% |
| 29 | Cummins Inc | CMI | 7,952 | $4.1M | 0.85% |
| 30 | Costamare Inc | CMRE-PC | 255,215 | $4.0M | 0.84% |
| 31 | Mastercard Inc | MA | 6,791 | $3.9M | 0.81% |
| 32 | Jackson Financial Inc | JXN-PA | 35,470 | $3.8M | 0.79% |
| 33 | CDW Corp | CDW | 27,750 | $3.8M | 0.79% |
| 34 | Expedia Group Inc | EXPE | 13,080 | $3.7M | 0.78% |
| 35 | Nvidia Corp | NVDA | 18,544 | $3.5M | 0.72% |
| 36 | ACM Research Inc | 00108J109 | 84,221 | $3.3M | 0.70% |
| 37 | United Therapeutics Corp | UTHR | 6,559 | $3.2M | 0.67% |
| 38 | Accenture Plc | ACN | 11,814 | $3.2M | 0.66% |
| 39 | Vanguard Value Index Fund ETF | 922908744 | 16,165 | $3.1M | 0.65% |
| 40 | H&R Block Inc | BSQKZ | 70,780 | $3.1M | 0.65% |
| 41 | Bristol-Myers Squibb Co | CELG-RI | 56,785 | $3.1M | 0.64% |
| 42 | Unum Group | UNMA | 36,950 | $2.9M | 0.60% |
| 43 | Ryder System Inc | R | 14,700 | $2.8M | 0.59% |
| 44 | Arrow Electronics Inc | 042735100 | 25,350 | $2.8M | 0.58% |
| 45 | HP Inc | HPQ | 121,857 | $2.7M | 0.57% |
| 46 | iShares Micro-Cap ETF | 464288869 | 17,195 | $2.7M | 0.57% |
| 47 | John Wiley & Sons Inc Class A | 968223206 | 88,227 | $2.7M | 0.57% |
| 48 | Vanguard FTSE All-World ex-US ETF | 922042775 | 36,695 | $2.7M | 0.56% |
| 49 | McKesson Corp | MCK | 3,247 | $2.7M | 0.56% |
| 50 | Viatris Inc | VTRS | 209,590 | $2.6M | 0.55% |
| 51 | Travel and Leisure Co | 894164102 | 36,935 | $2.6M | 0.54% |
| 52 | Cal-Maine Foods Inc | CALM | 31,175 | $2.5M | 0.52% |
| 53 | Meta Platforms Inc | META | 3,516 | $2.3M | 0.49% |
| 54 | Cboe Global Markets Inc | 12503M108 | 8,862 | $2.2M | 0.47% |
| 55 | BorgWarner Inc | BWA | 49,045 | $2.2M | 0.46% |
| 56 | Qualcomm Inc | QCOM | 12,299 | $2.1M | 0.44% |
| 57 | O'Reilly Automotive Inc | 67103H107 | 22,910 | $2.1M | 0.44% |
| 58 | Glaxosmithkline Plc | GLAXF | 41,956 | $2.1M | 0.43% |
| 59 | Merck & Co Inc | MRK | 18,807 | $2.0M | 0.41% |
| 60 | United Rentals Inc | URI | 2,297 | $1.9M | 0.39% |
| 61 | HCA Healthcare Inc | HCA | 3,910 | $1.8M | 0.38% |
| 62 | Tapestry Inc | TPR | 14,160 | $1.8M | 0.38% |
| 63 | Cisco Systems Inc | CSCO | 23,393 | $1.8M | 0.38% |
| 64 | Marriott International Inc | 571903202 | 5,708 | $1.8M | 0.37% |
| 65 | First Trust Dow Jones Select MicroCap Index ETF | 33718M105 | 22,209 | $1.8M | 0.37% |
| 66 | CBRE Group Inc | CBRE | 10,871 | $1.7M | 0.37% |
| 67 | Autonation Inc | AN | 8,325 | $1.7M | 0.36% |
| 68 | V2X Inc | VVX | 31,115 | $1.7M | 0.36% |
| 69 | Capital Bancorp Inc | CBNK | 60,040 | $1.7M | 0.35% |
| 70 | Regeneron Pharmaceuticals Inc | REGN | 2,125 | $1.6M | 0.34% |
| 71 | Allison Transmission Holdings Inc | ALSN | 16,730 | $1.6M | 0.34% |
| 72 | Stride Inc | LRN | 24,860 | $1.6M | 0.34% |
| 73 | Rithm Capital Corp | RITM-PF | 144,775 | $1.6M | 0.33% |
| 74 | Microsoft Corp | MSFT | 3,260 | $1.6M | 0.33% |
| 75 | UGI Corp | 902681105 | 41,690 | $1.6M | 0.33% |
| 76 | iShares Russell 1000 ETF | 464287622 | 4,168 | $1.6M | 0.33% |
| 77 | Taylor Morrison Home Corp | TMHC | 26,245 | $1.5M | 0.32% |
| 78 | Johnson & Johnson | JNJ | 7,464 | $1.5M | 0.32% |
| 79 | Fidelis Insurance Holdings | FIHL | 78,185 | $1.5M | 0.32% |
| 80 | Vanguard Small-Cap ETF | 922908751 | 5,910 | $1.5M | 0.32% |
| 81 | Green Brick Partners Inc | GRBK-PA | 24,303 | $1.5M | 0.32% |
| 82 | Acadian Asset Management Inc | AAMI | 32,260 | $1.5M | 0.32% |
| 83 | Photronics Inc | PLAB | 46,385 | $1.5M | 0.31% |
| 84 | SPDR Gold MiniShares Trust | GLDW | 17,245 | $1.5M | 0.31% |
| 85 | Molson Coors Beverages Co Class B | TAP-A | 31,370 | $1.5M | 0.31% |
| 86 | iShares Core MSCI EAFE ETF | 46432F842 | 16,217 | $1.5M | 0.30% |
| 87 | Pricesmart Inc | PSMT | 11,670 | $1.4M | 0.30% |
| 88 | Jazz Pharmaceutical PLC | JAZZ | 8,304 | $1.4M | 0.30% |
| 89 | Medpace Holdings Inc | MEDP | 2,455 | $1.4M | 0.29% |
| 90 | Corpay Inc | CPAY | 4,560 | $1.4M | 0.29% |
| 91 | SLM Corp | SLMBP | 49,210 | $1.3M | 0.28% |
| 92 | Gartner Inc | IT | 5,203 | $1.3M | 0.27% |
| 93 | iShares Morningstar Small-Cap Growth ETF | 464288604 | 23,543 | $1.3M | 0.27% |
| 94 | SPDR S&P 600 Small Cap Value ETF | 78464A300 | 14,000 | $1.3M | 0.27% |
| 95 | Ford Motor Co | 345370860 | 96,185 | $1.3M | 0.26% |
| 96 | Cirrus Logic Inc | CRUS | 10,600 | $1.3M | 0.26% |
| 97 | National Fuel Gas Co | NFG | 15,335 | $1.2M | 0.26% |
| 98 | Vanguard Total World Stock ETF | 922042742 | 8,682 | $1.2M | 0.26% |
| 99 | Invesco S&P SmallCap Momentum ETF | IVZ | 17,000 | $1.2M | 0.26% |
| 100 | Tegna Inc | 87901J105 | 62,347 | $1.2M | 0.25% |
| 101 | Leidos Holdings Inc | LDOS | 6,685 | $1.2M | 0.25% |
| 102 | Penske Automotive Group Inc | 70959W103 | 7,390 | $1.2M | 0.24% |
| 103 | Brighthouse Financial Inc | 10922N103 | 17,650 | $1.1M | 0.24% |
| 104 | Upbound Group Inc | UPBD | 64,870 | $1.1M | 0.24% |
| 105 | Lear Corp | LEA | 9,865 | $1.1M | 0.24% |
| 106 | FlexShares Global Upstream Natural Resources Index ETF | FLEX | 24,054 | $1.1M | 0.23% |
| 107 | Permian Resources Corp | PR | 78,485 | $1.1M | 0.23% |
| 108 | Bancorp Inc | TBBK | 16,225 | $1.1M | 0.23% |
| 109 | PowerShares Buyback Achievers ETF | IVZ | 8,082 | $1.1M | 0.23% |
| 110 | Teekay Tankers Ltd | TNK | 19,985 | $1.1M | 0.22% |
| 111 | Gilead Sciences Inc | GILD | 8,652 | $1.1M | 0.22% |
| 112 | iShares Russell Mid Cap ETF | 464287499 | 11,000 | $1.1M | 0.22% |
| 113 | Affiliated Managers Group Inc | MGRE | 3,605 | $1.0M | 0.22% |
| 114 | Hamilton Insurance Group Ltd | HG | 37,179 | $1.0M | 0.22% |
| 115 | Pfizer Inc | PFE | 41,445 | $1.0M | 0.22% |
| 116 | Capital One Financial Corp | 14040H105 | 4,062 | $984,466 | 0.21% |
| 117 | iShares Residential and Multi Real Estate ETF | 464288562 | 11,873 | $981,185 | 0.21% |
| 118 | Amgen Inc | AMGN | 2,997 | $980,948 | 0.21% |
| 119 | International Business Machine Corp | INTR | 3,245 | $961,201 | 0.20% |
| 120 | Valero Energy Corp | VLO | 5,740 | $934,415 | 0.20% |
| 121 | Onemain Holdings Inc | OMF | 13,760 | $929,488 | 0.19% |
| 122 | Sanmina Corp | SANM | 5,940 | $891,416 | 0.19% |
| 123 | Mueller Industries Inc | 624756102 | 7,740 | $888,552 | 0.19% |
| 124 | Enova International Inc | 29357K103 | 5,625 | $884,250 | 0.18% |
| 125 | Restaurant Brands International Inc | 76131D103 | 12,545 | $855,945 | 0.18% |
| 126 | Vanguard Mid Value Index Fund ETF | 922908512 | 4,625 | $820,336 | 0.17% |
| 127 | Albertsons Companies Inc | 013091103 | 47,390 | $813,686 | 0.17% |
| 128 | Tenet Healthcare Corp | THC | 4,055 | $805,810 | 0.17% |
| 129 | Incyte Corp. | INCY | 8,030 | $793,123 | 0.17% |
| 130 | Vistra Energy Corp | VST | 4,910 | $792,130 | 0.17% |
| 131 | Sprouts Farmers Market Inc | 85208M102 | 9,920 | $790,326 | 0.17% |
| 132 | Collegium Pharmaceutical Inc | COLL | 16,590 | $768,117 | 0.16% |
| 133 | Group 1 Automotive Inc | GPI | 1,925 | $757,102 | 0.16% |
| 134 | Kraft Heinz Co | KHC | 31,190 | $756,358 | 0.16% |
| 135 | iShares S&P Small-Cap 600 Growth ETF | 464287887 | 5,352 | $755,488 | 0.16% |
| 136 | AstraZeneca plc | AZN | 8,033 | $738,505 | 0.15% |
| 137 | United Continental Holdings Inc | UNTCW | 6,495 | $726,271 | 0.15% |
| 138 | Fiserv Inc | FISV | 10,668 | $716,570 | 0.15% |
| 139 | iShares S&P Small-Cap 600 Value ETF | 464287879 | 6,271 | $713,138 | 0.15% |
| 140 | Nomad Foods Ltd | NOMD | 56,755 | $710,005 | 0.15% |
| 141 | Lincoln National Corporation | 534187109 | 15,870 | $706,691 | 0.15% |
| 142 | Apollo Global Management Inc | 03769M106 | 4,860 | $703,534 | 0.15% |
| 143 | Altria Group Inc | MO | 12,132 | $699,531 | 0.15% |
| 144 | S&P Global Inc | SPGI | 1,261 | $658,986 | 0.14% |
| 145 | Technology Select Sector SPDR ETF | 81369Y803 | 4,436 | $638,651 | 0.13% |
| 146 | Norfolk Southern Corp | 655844108 | 2,203 | $636,050 | 0.13% |
| 147 | iShares Russell 1000 Growth ETF | 464287614 | 1,340 | $634,222 | 0.13% |
| 148 | Lam Research Corp | LRCX | 3,645 | $623,951 | 0.13% |
| 149 | Innoviva Inc | INVA | 31,095 | $621,589 | 0.13% |
| 150 | Fidelity National Information Services Inc | 31620M106 | 9,310 | $618,743 | 0.13% |
| 151 | PIMCO Intermediate Municipal Bd Actv ETF | 72201R866 | 11,600 | $607,956 | 0.13% |
| 152 | Deluxe Corp | DLX | 26,661 | $595,340 | 0.12% |
| 153 | Adeia Inc | ADEA | 33,025 | $569,681 | 0.12% |
| 154 | Bunge Global SA | BG | 6,050 | $538,934 | 0.11% |
| 155 | JPMorgan Chase & Co | VYLD | 1,613 | $519,741 | 0.11% |
| 156 | Vanguard FTSE Developed Mkts ETF | 921943858 | 8,264 | $516,252 | 0.11% |
| 157 | Invesco Limited | IVZ | 19,325 | $507,668 | 0.11% |
| 158 | Tidewater Inc | TDGMW | 10,030 | $506,615 | 0.11% |
| 159 | Constellation Brands, Inc. | STZ | 3,605 | $497,346 | 0.10% |
| 160 | Magna International Inc | 559222401 | 9,230 | $491,959 | 0.10% |
| 161 | Texas Instruments Inc | 882508104 | 2,807 | $486,986 | 0.10% |
| 162 | Radian Group Inc | RDN | 13,280 | $477,947 | 0.10% |
| 163 | Progress Software Corp | 743312100 | 11,065 | $475,352 | 0.10% |
| 164 | TKO Group Holdings Inc | TKO | 2,230 | $466,070 | 0.10% |
| 165 | J M Smucker Co | 832696405 | 4,520 | $442,101 | 0.09% |
| 166 | Warrior Met Coal Inc | HCC | 4,940 | $435,560 | 0.09% |
| 167 | Amneal Pharmaceuticals Inc | AMRX | 34,265 | $431,739 | 0.09% |
| 168 | Cars.Com Inc | CARS | 35,380 | $431,636 | 0.09% |
| 169 | CACI International Inc | 127190304 | 799 | $425,715 | 0.09% |
| 170 | Wal-Mart Stores Inc | WMT | 3,804 | $423,804 | 0.09% |
| 171 | Comcast Corp | CCZ | 13,774 | $411,705 | 0.09% |
| 172 | L3Harris Technologies Inc | LHX | 1,395 | $409,530 | 0.09% |
| 173 | Vanguard Short-Term Treasury ETF | 92206C102 | 6,850 | $402,300 | 0.08% |
| 174 | Berkshire Hathaway Inc | BRK-A | 799 | $401,789 | 0.08% |
| 175 | Fidelity Enhanced Mid Cap ETF | 31609A503 | 10,902 | $396,614 | 0.08% |
| 176 | Cardinal Health Inc | CAH | 1,915 | $393,532 | 0.08% |
| 177 | iShares Russell Top 200 ETF | 464289446 | 2,290 | $390,743 | 0.08% |
| 178 | Exxon Mobil Corp | XOM | 3,188 | $383,609 | 0.08% |
| 179 | Claritev Corp | CTEV | 8,731 | $373,250 | 0.08% |
| 180 | Sinclair Inc | SBGI | 24,305 | $371,866 | 0.08% |
| 181 | Adtalem Global Education Inc | ADT | 3,547 | $367,008 | 0.08% |
| 182 | iShares MSCI USA Quality Factor ETF | 46432F339 | 1,800 | $357,516 | 0.07% |
| 183 | WisdomTree US Total Dividend ETF | WT | 4,080 | $346,310 | 0.07% |
| 184 | Owens Corning | OC | 2,855 | $319,503 | 0.07% |
| 185 | iShares Core S&P Small-Cap ETF | 464287804 | 2,644 | $317,756 | 0.07% |
| 186 | iShares Russell Mid Growth ETF | 464287481 | 2,318 | $317,427 | 0.07% |
| 187 | Novartis AG | NVSEF | 2,295 | $316,412 | 0.07% |
| 188 | Chevron Corp | CVX | 2,065 | $314,727 | 0.07% |
| 189 | Caterpillar Inc | CAT | 536 | $307,058 | 0.06% |
| 190 | iShares S&P 500 Value ETF | 464287408 | 1,447 | $306,865 | 0.06% |
| 191 | Patrick Industries Inc | 703343103 | 2,770 | $300,351 | 0.06% |
| 192 | Maximus Inc | MMS | 3,470 | $299,530 | 0.06% |
| 193 | Vanguard Mid-Cap Growth ETF | 922908538 | 1,041 | $290,585 | 0.06% |
| 194 | Stryker Corp | SYK | 817 | $287,151 | 0.06% |
| 195 | DR Horton Inc | 23331A109 | 1,973 | $284,171 | 0.06% |
| 196 | CVS Health Corp | CVS | 3,580 | $284,109 | 0.06% |
| 197 | Union Pacific Corp | UNP | 1,226 | $283,598 | 0.06% |
| 198 | FS KKR Capital Corp | FSK | 18,822 | $278,754 | 0.06% |
| 199 | iShares Core US Aggregate Bond ETF | 464287226 | 2,785 | $278,166 | 0.06% |
| 200 | Thor Industries Inc | 885160101 | 2,675 | $274,642 | 0.06% |
| 201 | Autozone Inc | AZO | 79 | $267,928 | 0.06% |
| 202 | Visa Inc | V | 763 | $267,592 | 0.06% |
| 203 | Veeco Instruments Inc | 922417100 | 9,150 | $261,507 | 0.05% |
| 204 | Vanguard Tax-Exempt Bond Index ETF | 922907746 | 5,138 | $258,390 | 0.05% |
| 205 | Evercore Inc | EVR | 740 | $251,785 | 0.05% |
| 206 | Masco Corp | MAS | 3,880 | $246,225 | 0.05% |
| 207 | iShares Morningstar Mid-Cap Growth ETF | 464288307 | 3,069 | $245,051 | 0.05% |
| 208 | iShares Russell 2000 ETF | 464287655 | 989 | $243,452 | 0.05% |
| 209 | Ziff Davis Inc | ZD | 6,750 | $237,262 | 0.05% |
| 210 | Civitas Resources Inc | 17888H103 | 8,670 | $234,870 | 0.05% |
| 211 | Builders FirstSource Inc | BLDR | 2,215 | $227,901 | 0.05% |
| 212 | Vanguard Real Estate Index Fund ETF | 922908553 | 2,570 | $227,419 | 0.05% |
| 213 | AES Corp | AES | 15,662 | $224,593 | 0.05% |
| 214 | CSX Corp | CSX | 6,144 | $222,720 | 0.05% |
| 215 | SPDR Portfolio S&P 500 ETF | 78464A854 | 2,768 | $222,049 | 0.05% |
| 216 | Sanofi SA | SNYNF | 4,540 | $220,008 | 0.05% |
| 217 | Amazon.com Inc | AMZN | 946 | $218,356 | 0.05% |
| 218 | Greenbrier Companies, Inc. | 393657101 | 4,625 | $216,172 | 0.05% |
| 219 | Oracle Corp | ORCL-PD | 1,100 | $214,401 | 0.04% |
| 220 | NCR Voyix Corp | NCRRP | 20,900 | $213,180 | 0.04% |
| 221 | Consensus Cloud Solution | CCSI | 9,630 | $210,127 | 0.04% |
| 222 | Smithfield Foods Inc COM NPV | SFD | 9,300 | $207,669 | 0.04% |
| 223 | Schwab Fundamental US Broad Market ETF | 808524789 | 7,683 | $204,137 | 0.04% |
| 224 | Navient Corp | JSM | 12,600 | $163,800 | 0.03% |
| 225 | Goldman Sachs BDC Inc | GSBD | 16,105 | $149,454 | 0.03% |
| 226 | Western Union Co | WU | 15,272 | $142,182 | 0.03% |
| 227 | Organon & Co | OGN | 17,380 | $124,615 | 0.03% |
| 228 | Park Hotels and Resorts Inc | PK | 11,065 | $115,740 | 0.02% |
| 229 | Service Properties Trust | 81761L102 | 20,091 | $36,967 | 0.01% |
| 230 | Basanite Inc | BASA | 31,000 | $933 | 0.00% |