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Kendall Capital Management — 13F Holdings & Portfolio

CIK 1731372 · latest 13F-HR filed 2026-08-12

Backtest portfolio

Kendall Capital Management manages $600.4M in 13F-reported U.S. long-equity assets across 236 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are TMSL (5.61%), JIRE (4.81%), FMDE (4.51%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 22 new positions and exited 17; 133 existing positions rose in reported value and 47 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$600.4M

Long-equity book

Holdings
236

Distinct positions

Period
2026-06-30

Filed 2026-08-12

Q/Q Activity
+22 / −17 / ↑133 / ↓47

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
TMSL5.6% · +4%JIRE4.8% · +4%FMDE4.5% · +1981%DELL4.3% · -6%AVGO2.9% · +2%VUG2.8% · +530%KLAC2.7% · +833%AVT2.6% · +4%VWO2.4% · +6%JPST2.4% · +21%HPE1.8% · -7%OMC1.5% · +25%ACMR1.5% · -12%VV1.3% · -0%AAPL1.2% · +21%VSEC1.2% · -9%VCTR1.2% · -2%GOOGL1.1% · +1%CLS1.1% · -9%SMMD1.1% · -79%FHI1.1% · +27%VO1.1% · +300%ABBV1.0% · -0%TDTF0.9% · +20%CMI0.9% · -2%VTV0.9% · +34%VTI0.9% · +3%ARW0.9% · -1%WLY0.8% · +14%NVDA0.8% · +24%GEN0.8% · -3%COR0.8% · +0%VEU0.8% · +23%NXST0.8% · -11%EQH0.7% · -3%BWA0.7% · +8%BMY0.7% · +12%CMRE0.7% · +10%MA0.6% · +8%CDW0.6% · -5%R0.6% · -2%VVX0.6% · +26%VTRS0.6% · +5%IWC0.6% · -1%TNL0.6% · +8%JXN0.6% · -5%EXPE0.6% · +0%UTHR0.5% · -6%ENVA0.5% · +83%UNM0.5% · -5%CSCO0.5% · -0%MCK0.4% · +7%GSK0.4% · +16%MRK0.4% · -0%CALM0.4% · +1%QCOM0.4% · -1%AAMI0.4% · -1%MAR0.4% · +11%URI0.4% · -6%HPQ0.4% · +10%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 35%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 25, 2026.

Assets Under Management
$743.9M
Discretionary
$743.9M
Employees
12
Accounts
1,555
Address
2000 TOWER OAKS BOULEVARD
SUITE 240
ROCKVILLE, MD 20852
Phone
(301) 838-9110
Website
Name Title / Status Ownership Type
KENDALL FAMILY TRUST ControlTRUST
since Jan 2022
75% or moreDomestic Entity
KENDALL, CLARK, ALAN ControlPRESIDENT & CEO
since Mar 2018
10–25%Individual
MATTOX, BRIAN, GIBBON ControlCHIEF INVESTMENT OFFICER & CHIEF COMPLIANCE OFFICER
since Mar 2021
Less than 5%Individual
PETROV, CAROL, LARISSA ControlVICE PRESIDENT & SENIOR RELATIONSHIP MANAGER
since Mar 2018
Less than 5%Individual
TKACH, JASON, MICHAEL ControlSENIOR PORTFOLIO MANAGER
since Mar 2018
Less than 5%Individual
KENDALL, DIANE, P. Control
Indirect owner via KENDALL FAMILY TRUST
TRUSTEE OF THE KENDALL FAMILY TRUST
since Jan 2022
General partner, trustee or managerIndividual
Ownership & leadership changes · 6 filings with changes since Dec 7, 2011

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Feb 5, 2022 filing
  • AddedKENDALL FAMILY TRUST · TRUST · 75% or more · control person
  • AddedKENDALL, DIANE, P. · TRUSTEE OF THE KENDALL FAMILY TRUST · General partner, trustee or manager · indirect via KENDALL FAMILY TRUST · control person
  • ChangedKENDALL, CLARK, ALAN · ownership 75% or more → 10–25%
Mar 31, 2021 filing
  • ChangedMATTOX, BRIAN, GIBBON · title SENIOR PORTFOLIO MANAGER & CHIEF COMPLIANCE OFFICER → CHIEF INVESTMENT OFFICER & CHIEF COMPLIANCE OFFICER
  • ChangedTKACH, JASON, MICHAEL · title PORTFOLIO MANAGER → SENIOR PORTFOLIO MANAGER
Oct 31, 2018 filing
  • No longer listedBRUENING, PAOLA, SAENZ · VICE PRESIDENT & CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Mar 2018
  • ChangedMATTOX, BRIAN, GIBBON · title SENIOR PORTFOLIO MANAGER → SENIOR PORTFOLIO MANAGER & CHIEF COMPLIANCE OFFICER
Mar 28, 2018 filing
  • AddedMATTOX, BRIAN, GIBBON · SENIOR PORTFOLIO MANAGER · Less than 5% · control person
  • ChangedBRUENING, PAOLA, SAENZ · title VICE PRESIDENT → VICE PRESIDENT & CHIEF COMPLIANCE OFFICER
  • ChangedKENDALL, CLARK, ALAN · title PRESIDENT/CHIEF COMPLIANCE OFFICER → PRESIDENT & CEO
  • ChangedPETROV, CAROL, LARISSA · title VICE PRESIDENT OF FINANCIAL PLANNING AND CLIENT SERVICES → VICE PRESIDENT & SENIOR RELATIONSHIP MANAGER
  • ChangedTKACH, JASON, MICHAEL · title PORTFOLIO SPECIALIST → PORTFOLIO MANAGER
Mar 22, 2017 filing
  • ChangedPETROV, CAROL, LARISSA · title RELATIONSHIP MANAGER → VICE PRESIDENT OF FINANCIAL PLANNING AND CLIENT SERVICES
Mar 25, 2015 filing
  • AddedPETROV, CAROL, LARISSA · RELATIONSHIP MANAGER · Less than 5% · control person
  • AddedTKACH, JASON, MICHAEL · PORTFOLIO SPECIALIST · Less than 5% · control person
Dec 7, 2011 filing (earliest on record)
  • ListedBRUENING, PAOLA, SAENZ · VICE PRESIDENT · Less than 5% · control person
  • ListedKENDALL, CLARK, ALAN · PRESIDENT/CHIEF COMPLIANCE OFFICER · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 133 →

Top Trims

Show all 47 →

New Positions

Show all 22 →

Exited Positions

Show all 17 →

Kendall Capital Management Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 T. Rowe Price Small-Mid Cap ETF TMSL 87283Q826 $33.7M 5.61% 768,122 SH
2 JPMorgan International Research Enhanced Equity ETF JIRE 46641Q134 $28.9M 4.81% 349,767 SH
3 Fidelity Enhanced Mid Cap ETF FMDE 31609A503 $27.1M 4.51% 666,866 SH
4 Dell Technologies Inc DELL 24703L202 $26.0M 4.33% 60,280 SH
5 Broadcom Inc AVGO 11135F101 $17.3M 2.88% 45,720 SH
6 Vanguard Growth Index Fund ETF VUG 922908736 $16.6M 2.76% 192,258 SH
7 KLA Corp KLAC 482480100 $16.0M 2.67% 53,138 SH
8 Avnet Inc AVT 053807103 $15.6M 2.61% 176,140 SH
9 Vanguard Emerging Markets Stock ETF VWO 922042858 $14.7M 2.45% 246,028 SH
10 JPMorgan Ultra-Short Income ETF JPST 46641Q837 $14.1M 2.35% 278,967 SH
11 Hewlett Packard Enterprise Co HPE 42824C109 $10.6M 1.76% 234,425 SH
12 Omnicom Group Inc OMC 681919106 $9.3M 1.54% 127,322 SH
13 ACM Research Inc ACMR 00108J109 $9.2M 1.54% 72,820 SH
14 Vanguard Large-Cap ETF VV 922908637 $7.6M 1.26% 22,069 SH
15 Apple Inc AAPL 037833100 $7.4M 1.23% 25,526 SH
16 VSE Corp VSEC 918284100 $7.4M 1.23% 32,190 SH
17 Victory Capital Holdings Inc VCTR 92645B103 $7.3M 1.22% 87,077 SH
18 Alphabet Inc A GOOGL 02079K305 $6.9M 1.15% 19,239 SH
19 Celestica Inc CLS 15101Q207 $6.9M 1.14% 18,812 SH
20 iShares Russell 2500 ETF SMMD 46435G268 $6.7M 1.12% 73,607 SH
21 Federated Hermes Inc FHI 314211103 $6.7M 1.12% 122,110 SH
22 Vanguard Mid-Cap ETF VO 922908629 $6.5M 1.08% 80,166 SH
23 Abbvie Inc ABBV 00287Y109 $6.2M 1.04% 24,818 SH
24 FlexShares iBoxx 5-Yr Target Duration TIPS Index TDTF 33939L605 $5.5M 0.92% 232,247 SH
25 Cummins Inc CMI 231021106 $5.5M 0.92% 7,727 SH
26 Vanguard Value Index Fund ETF VTV 922908744 $5.5M 0.91% 25,193 SH
27 Vanguard Total Stock Market ETF VTI 922908769 $5.4M 0.91% 14,711 SH
28 Arrow Electronics Inc ARW 042735100 $5.3M 0.89% 24,905 SH
29 John Wiley & Sons Inc Class A WLY 968223206 $5.0M 0.83% 103,037 SH
30 Nvidia Corp NVDA 67066G104 $5.0M 0.82% 24,740 SH
31 Gen Digital Inc GEN 668771108 $4.9M 0.82% 197,625 SH
32 Cencora Inc COR 03073E105 $4.9M 0.81% 17,265 SH
33 Vanguard FTSE All-World ex-US ETF VEU 922042775 $4.9M 0.81% 58,062 SH
34 Nexstar Media Group Inc NXST 65336K103 $4.6M 0.77% 25,934 SH
35 Equitable Holdings Inc EQH 29452E101 $4.2M 0.71% 96,775 SH
36 BorgWarner Inc BWA 099724106 $4.1M 0.68% 61,885 SH
37 Bristol-Myers Squibb Co BMY 110122108 $4.0M 0.66% 69,150 SH
38 Costamare Inc CMRE Y1771G102 $4.0M 0.66% 282,815 SH
39 Mastercard Inc MA 57636Q104 $3.9M 0.65% 7,549 SH
40 CDW Corp CDW 12514G108 $3.6M 0.60% 25,485 SH
41 Ryder System Inc R 783549108 $3.6M 0.59% 13,540 SH
42 V2X Inc VVX 92242T101 $3.5M 0.58% 46,590 SH
43 Viatris Inc VTRS 92556V106 $3.5M 0.57% 217,370 SH
44 iShares Micro-Cap ETF IWC 464288869 $3.5M 0.57% 17,252 SH
45 Travel and Leisure Co TNL 894164102 $3.4M 0.57% 44,600 SH
46 Jackson Financial Inc JXN 46817M107 $3.3M 0.55% 32,472 SH
47 Expedia Group Inc EXPE 30212P303 $3.3M 0.55% 12,980 SH
48 United Therapeutics Corp UTHR 91307C102 $3.2M 0.53% 5,881 SH
49 Enova International Inc ENVA 29357K103 $3.1M 0.52% 12,950 SH
50 Unum Group UNM 91529Y106 $2.8M 0.47% 31,695 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-12 $600.4M 236 0001731372-26-000004
2026-03-31 2026-04-24 $488.0M 231 0001731372-26-000002
2025-12-31 2026-01-16 $478.0M 230 0001731372-26-000001
Filer Information
Address
2000 TOWER OAKS BOULEVARD
SUITE 240
ROCKVILLE, MD 20852
Phone
(301) 838-9110
Filing Manager
Kendall Capital Management
ROCKVILLE, MD
Signatory
Brian Mattox
CCO