0001731372-25-000001.txt : 20250207 0001731372-25-000001.hdr.sgml : 20250207 20250207110155 ACCESSION NUMBER: 0001731372-25-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250207 DATE AS OF CHANGE: 20250207 EFFECTIVENESS DATE: 20250207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Kendall Capital Management CENTRAL INDEX KEY: 0001731372 ORGANIZATION NAME: IRS NUMBER: 270111619 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-18568 FILM NUMBER: 25600002 BUSINESS ADDRESS: STREET 1: 2000 TOWER OAKS BOULEVARD STREET 2: SUITE 240 CITY: ROCKVILLE STATE: MD ZIP: 20852 BUSINESS PHONE: 3018389110 MAIL ADDRESS: STREET 1: 2000 TOWER OAKS BOULEVARD STREET 2: SUITE 240 CITY: ROCKVILLE STATE: MD ZIP: 20852 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001731372 XXXXXXXX 12-31-2024 12-31-2024 Kendall Capital Management

2000 TOWER OAKS BOULEVARD SUITE 240 ROCKVILLE MD 20852

13F HOLDINGS REPORT 028-18568 N Brian G. Mattox 2408017923 Brian G. Mattox Rockville MD 02-07-2025 0 217 341753953 false INFORMATION TABLE 2 202412kcmsecurities.xml Basanite Inc COM 06975Q100 1860 31000 SH SOLE 0 0 31000 Stryker Corp COM 863667101 267157 742 SH SOLE 0 0 742 Texas Pacific Land Trust COM 88262P102 232252 210 SH SOLE 0 0 210 Oracle Corp COM 68389X105 254126 1525 SH SOLE 0 0 1525 Berkshire Hathaway Inc CL B NEW 084670702 307324 678 SH SOLE 0 0 678 Lam Research Corp COM NEW 512807306 272307 3770 SH SOLE 0 0 3770 Visa Inc COM CL A 92826C839 204794 648 SH SOLE 0 0 648 Wal-Mart Stores Inc COM 931142103 374862 4149 SH SOLE 0 0 4149 Patrick Industries Inc COM 703343103 247329 2977 SH SOLE 0 0 2977 Evercore Inc CLASS A 29977A105 299365 1080 SH SOLE 0 0 1080 Coty Inc COM CL A 222070203 117902 16940 SH SOLE 0 0 16940 KB Home COM 48666K109 245136 3730 SH SOLE 0 0 3730 Cardinal Health Inc COM 14149Y108 275569 2330 SH SOLE 0 0 2330 Exxon Mobil Corp COM 30231G102 392558 3649 SH SOLE 0 0 3649 Bausch Health Companies Inc COM 071734107 145040 17995 SH SOLE 0 0 17995 TKO Group Holdings Inc CL A 87256C101 392224 2760 SH SOLE 0 0 2760 Vistra Energy Corp COM 92840M102 1071250 7770 SH SOLE 0 0 7770 WK Kellogg Co COM 92942W107 189795 10550 SH SOLE 0 0 10550 AstraZeneca plc SPONSORED ADR 046353108 252973 3861 SH SOLE 0 0 3861 Global Payments Inc COM 37940X102 236222 2108 SH SOLE 0 0 2108 DR Horton Inc COM 23331A109 317112 2268 SH SOLE 0 0 2268 Union Pacific Corp COM 907818108 323133 1417 SH SOLE 0 0 1417 Texas Instruments Inc COM 882508104 649910 3466 SH SOLE 0 0 3466 Novartis AG SPONSORED ADR 66987V109 228192 2345 SH SOLE 0 0 2345 Beacon Roofing Supply Inc COM 073685109 323532 3185 SH SOLE 0 0 3185 JPMorgan Chase & Co COM 46625H100 374187 1561 SH SOLE 0 0 1561 Medical Properties Trust Inc COM 58463J304 71396 18075 SH SOLE 0 0 18075 Capital Bancorp Inc COM 139737100 1768140 62040 SH SOLE 0 0 62040 Chevron Corp COM NEW 166764100 306771 2118 SH SOLE 0 0 2118 Janus International Group Inc COMMON STOCK 47103N106 120430 16385 SH SOLE 0 0 16385 Qualcomm Inc COM 747525103 298791 1945 SH SOLE 0 0 1945 Park Hotels and Resorts Inc COM 700517105 216748 15405 SH SOLE 0 0 15405 Veeco Instruments Inc COM 922417100 267464 9980 SH SOLE 0 0 9980 Amazon.com Inc COM CL A 023135106 381958 1741 SH SOLE 0 0 1741 Autozone Inc COM 053332102 249756 78 SH SOLE 0 0 78 Service Properties Trust COM SH BEN INT 81761L102 78486 30900 SH SOLE 0 0 30900 Sanofi SA SPONSORED ADR 80105N105 224511 4655 SH SOLE 0 0 4655 Verizon Communications COM 92343V104 203909 5099 SH SOLE 0 0 5099 Radian Group Inc COM 750236101 412836 13015 SH SOLE 0 0 13015 Greenbrier Companies, Inc. COM 393657101 245790 4030 SH SOLE 0 0 4030 Medpace Holdings Inc COM 58506Q109 985062 2965 SH SOLE 0 0 2965 Mueller Industries Inc COM 624756102 768205 9680 SH SOLE 0 0 9680 Group 1 Automotive Inc COM 398905109 845067 2005 SH SOLE 0 0 2005 Sprouts Farmers Market Inc COM 85208M102 1519757 11960 SH SOLE 0 0 11960 Microsoft Corp COM 594918104 1070189 2539 SH SOLE 0 0 2539 Sinclair Inc CL A 829242106 280352 17370 SH SOLE 0 0 17370 Meritage Homes Corp COM 59001A102 526834 3425 SH SOLE 0 0 3425 Norfolk Southern Corp COM 655844108 692834 2952 SH SOLE 0 0 2952 AES Corp COM 00130H105 304208 23637 SH SOLE 0 0 23637 Masco Corp COM 574599106 345070 4755 SH SOLE 0 0 4755 L3Harris Technologies Inc COM 502431109 312266 1485 SH SOLE 0 0 1485 Arbor Realty Trust Inc COM 038923108 313564 22640 SH SOLE 0 0 22640 Adeia Inc COM 00676P107 466247 33351 SH SOLE 0 0 33351 Bloomin Brands Inc COM 094235108 159646 13075 SH SOLE 0 0 13075 S&P Global Inc COM 78409V104 669352 1344 SH SOLE 0 0 1344 United Rentals Inc COM 911363109 1996383 2834 SH SOLE 0 0 2834 Thor Industries Inc COM 885160101 357477 3735 SH SOLE 0 0 3735 Owens Corning NEW COM 690742101 620816 3645 SH SOLE 0 0 3645 MaxLinear Inc COM 57776J100 282854 14300 SH SOLE 0 0 14300 United Continental Holdings Inc COM 910047109 655425 6750 SH SOLE 0 0 6750 CVS Health Corp COM 126650100 210085 4680 SH SOLE 0 0 4680 CACI International Inc CL A 127190304 522854 1294 SH SOLE 0 0 1294 International Business Machine Corp COM 459200101 752698 3424 SH SOLE 0 0 3424 LyondellBasell Industries NV SHS - A - N53745100 300051 4040 SH SOLE 0 0 4040 Cohu Inc COM 192576106 347634 13020 SH SOLE 0 0 13020 VSE Corp COM 918284100 6718815 70650 SH SOLE 0 0 70650 Sanmina Corp COM 801056102 469532 6205 SH SOLE 0 0 6205 REVELYST ORD COM SHS 690045109 400561 20830 SH SOLE 0 0 20830 NCR Voyix Corp COM 62886E108 403920 29185 SH SOLE 0 0 29185 Navient Corp COM 63938C108 510270 38395 SH SOLE 0 0 38395 HCA Healthcare Inc COM 40412C101 1338669 4460 SH SOLE 0 0 4460 Warrior Met Coal Inc COM 93627C101 656846 12110 SH SOLE 0 0 12110 FS KKR Capital Corp COM 302635206 497323 22897 SH SOLE 0 0 22897 Goldman Sachs BDC Inc SHS 38147U107 374737 30970 SH SOLE 0 0 30970 O'Reilly Automotive Inc COM 67103H107 2031275 1713 SH SOLE 0 0 1713 Wabash National Corp COM 929566107 362385 21155 SH SOLE 0 0 21155 Deere & Co COM 244199105 534286 1261 SH SOLE 0 0 1261 Chord Energy Corp COM 674215207 363855 3112 SH SOLE 0 0 3112 Brighthouse Financial Inc COM 10922N103 580563 12085 SH SOLE 0 0 12085 Taylor Morrison Home Corp COM 87724P106 1316933 21515 SH SOLE 0 0 21515 Valero Energy Corp COM 91913Y100 906430 7394 SH SOLE 0 0 7394 Apollo Global Management Inc COM 03769M106 959580 5810 SH SOLE 0 0 5810 CBRE Group Inc CL A 12504L109 1519025 11570 SH SOLE 0 0 11570 GMS Inc COM 36251C103 538671 6350 SH SOLE 0 0 6350 Builders FirstSource Inc COM 12008R107 1075548 7525 SH SOLE 0 0 7525 Discover Financial Services COM 254709108 1138987 6575 SH SOLE 0 0 6575 Amgen Inc COM 031162100 805378 3090 SH SOLE 0 0 3090 Tenet Healthcare Corp COM NEW 88033G407 477907 3786 SH SOLE 0 0 3786 Affiliated Managers Group Inc COM 008252108 741529 4010 SH SOLE 0 0 4010 Terex Corp COM 880779103 449258 9720 SH SOLE 0 0 9720 Fidelity National Information Services Inc COM 31620M106 803662 9950 SH SOLE 0 0 9950 Innoviva Inc COM 45781M101 583220 33615 SH SOLE 0 0 33615 Bancorp Inc COM 05969A105 764188 14520 SH SOLE 0 0 14520 Altria Group Inc COM 02209S103 758048 14497 SH SOLE 0 0 14497 Molson Coors Beverages Co Class B CL B 60871R209 803053 14010 SH SOLE 0 0 14010 SLM Corp COM 78442P106 1484769 53835 SH SOLE 0 0 53835 Gilead Sciences Inc COM 375558103 802880 8692 SH SOLE 0 0 8692 Accenture Plc SHS CLASS A G1151C101 1858155 5282 SH SOLE 0 0 5282 Collegium Pharmaceutical Inc COM 19459J104 508824 17760 SH SOLE 0 0 17760 Onemain Holdings Inc COM 68268W103 990105 18993 SH SOLE 0 0 18993 Autonation Inc COM 05329W102 1533655 9030 SH SOLE 0 0 9030 Tapestry Inc COM 876030107 1174633 17980 SH SOLE 0 0 17980 Comcast Corp CL A 20030N101 698959 18624 SH SOLE 0 0 18624 Restaurant Brands International Inc COM 76131D103 782486 12005 SH SOLE 0 0 12005 UGI Corp COM NEW 902681105 635740 22520 SH SOLE 0 0 22520 Regeneron Pharmaceuticals Inc COM 75886F107 1657298 2327 SH SOLE 0 0 2327 Penske Automotive Group Inc COM 70959W103 1176837 7720 SH SOLE 0 0 7720 Cirrus Logic Inc COM 172755100 927090 9310 SH SOLE 0 0 9310 KLA Corp COM NEW 482480100 4246379 6739 SH SOLE 0 0 6739 Apple Inc COM 037833100 5158427 20599 SH SOLE 0 0 20599 Green Brick Partners Inc COM 392709101 964171 17068 SH SOLE 0 0 17068 Nomad Foods Ltd USD ORD SHS G6564A105 735384 43825 SH SOLE 0 0 43825 Fidelis Insurance Holdings COM G3398L118 824190 45460 SH SOLE 0 0 45460 Pricesmart Inc COM 741511109 964098 10460 SH SOLE 0 0 10460 National Fuel Gas Co COM 636180101 897032 14783 SH SOLE 0 0 14783 Allison Transmission Holdings Inc COM 01973R101 1073036 9930 SH SOLE 0 0 9930 Albertsons Companies Inc COMMON STOCK 013091103 781083 39770 SH SOLE 0 0 39770 Corpay Inc COM 219948106 1137430 3361 SH SOLE 0 0 3361 Ziff Davis Inc COM 48123V102 631159 11615 SH SOLE 0 0 11615 Ford Motor Co COM 345370860 715523 72275 SH SOLE 0 0 72275 ACM Research Inc COM CL A 00108J109 673536 44605 SH SOLE 0 0 44605 Celestica Inc COM 15101Q207 3504631 37970 SH SOLE 0 0 37970 Johnson & Johnson COM 478160104 1104322 7636 SH SOLE 0 0 7636 Marriott International Inc CL A 571903202 1293724 4638 SH SOLE 0 0 4638 Teekay Tankers Ltd CL A G8726X106 714827 17965 SH SOLE 0 0 17965 Travel and Leisure Co COM 894164102 932821 18490 SH SOLE 0 0 18490 Cboe Global Markets Inc COM 12503M108 1780094 9110 SH SOLE 0 0 9110 Progress Software Corp COM 743312100 1309189 20095 SH SOLE 0 0 20095 Jazz Pharmaceutical PLC SHS USD G50871105 969067 7869 SH SOLE 0 0 7869 Western Union Co COM 959802109 599875 56592 SH SOLE 0 0 56592 Lear Corp COM NEW 521865204 900124 9505 SH SOLE 0 0 9505 Photronics Inc COM 719405102 1218288 51710 SH SOLE 0 0 51710 Organon & Co COMMON STOCK 68622V106 858571 57545 SH SOLE 0 0 57545 Deluxe Corp COM 248019101 1144997 50686 SH SOLE 0 0 50686 Tegna Inc COM 87901J105 1212846 66312 SH SOLE 0 0 66312 McKesson Corp COM 58155Q103 1720558 3019 SH SOLE 0 0 3019 Bunge Global SA COM H11356104 898128 11550 SH SOLE 0 0 11550 Cisco Systems Inc COM 17275R102 1773810 29963 SH SOLE 0 0 29963 Meta Platforms Inc CL A 30303M102 1773510 3029 SH SOLE 0 0 3029 Civitas Resources Inc COM NEW 17888H103 892172 19450 SH SOLE 0 0 19450 Cars.Com Inc COM 14575E105 1213707 70035 SH SOLE 0 0 70035 Unum Group COM 91529Y106 3106331 42535 SH SOLE 0 0 42535 Gen Digital Inc COM 668771108 1383648 50535 SH SOLE 0 0 50535 Ryder System Inc COM 783549108 2661914 16970 SH SOLE 0 0 16970 Fiserv Inc COM 337738108 3096296 15073 SH SOLE 0 0 15073 Expedia Group Inc COM NEW 30212P303 1965782 10550 SH SOLE 0 0 10550 BorgWarner Inc COM 099724106 1500170 47190 SH SOLE 0 0 47190 Cummins Inc COM 231021106 2660515 7632 SH SOLE 0 0 7632 Merck & Co Inc COM 58933Y105 1924839 19349 SH SOLE 0 0 19349 Alphabet Inc A CAP STK CL A 02079K305 3520034 18595 SH SOLE 0 0 18595 Stride Inc COM 86333M108 2404421 23135 SH SOLE 0 0 23135 United Therapeutics Corp COM 91307C102 2397548 6795 SH SOLE 0 0 6795 Nexstar Media Group Inc COMMON STOCK 65336K103 1674324 10599 SH SOLE 0 0 10599 Cal-Maine Foods Inc COM NEW 128030202 3464802 33665 SH SOLE 0 0 33665 Nvidia Corp COM 67066G104 1725631 12850 SH SOLE 0 0 12850 Mastercard Inc CL A 57636Q104 3315860 6297 SH SOLE 0 0 6297 Jackson Financial Inc COM CL A 46817M107 4313943 49540 SH SOLE 0 0 49540 Arrow Electronics Inc COM 042735100 2639090 23330 SH SOLE 0 0 23330 CSG Systems International Inc COM 126349109 2352338 46025 SH SOLE 0 0 46025 Federated Hermes Inc CL B 314211103 2710177 65925 SH SOLE 0 0 65925 Viatris Inc COM 92556V106 2814011 226025 SH SOLE 0 0 226025 H&R Block Inc COM 093671105 2775949 52535 SH SOLE 0 0 52535 Abbvie Inc COM 00287Y109 5357122 30147 SH SOLE 0 0 30147 Upbound Group Inc COM 76009N100 2361312 80950 SH SOLE 0 0 80950 Cencora Inc COM 03073E105 4086705 18189 SH SOLE 0 0 18189 Costamare Inc SHS Y1771G102 3114506 242374 SH SOLE 0 0 242374 Bristol-Myers Squibb Co COM 110122108 2694066 47632 SH SOLE 0 0 47632 Kraft Heinz Co COM 500754106 2442213 79525 SH SOLE 0 0 79525 Victory Capital Holdings Inc COM CL A 92645B103 5804600 88674 SH SOLE 0 0 88674 Broadcom Inc COM 11135F101 13415885 57867 SH SOLE 0 0 57867 John Wiley & Sons Inc Class A CL A 968223206 3383023 77397 SH SOLE 0 0 77397 Equitable Holdings Inc COM 29452E101 5368135 113804 SH SOLE 0 0 113804 Gartner Inc COM 366651107 3591376 7413 SH SOLE 0 0 7413 Dell Technologies Inc CL C 24703L202 5640998 48950 SH SOLE 0 0 48950 Hewlett Packard Enterprise Co COM 42824C109 4418276 206945 SH SOLE 0 0 206945 HP Inc COM 40434L105 3744554 114758 SH SOLE 0 0 114758 CDW Corp COM 12514G108 4969712 28555 SH SOLE 0 0 28555 Omnicom Group Inc COM 681919106 7200257 83685 SH SOLE 0 0 83685 Avnet Inc COM 053807103 6969286 133205 SH SOLE 0 0 133205 iShares Global Consumer Staples ETF GLB CNSM STP ETF 464288737 201308 3339 SH SOLE 0 0 3339 iShares Core S&P Small-Cap ETF CORE S&P SCP ETF 464287804 307566 2669 SH SOLE 0 0 2669 iShares Russell Mid Growth ETF RUS MD CP GR ETF 464287481 293807 2318 SH SOLE 0 0 2318 Vanguard Real Estate Index Fund ETF REAL ESTATE ETF 922908553 229292 2574 SH SOLE 0 0 2574 PowerShares S&P 500 Low Volatility ETF S&P 500 LOW VOL 46138E354 434000 6200 SH SOLE 0 0 6200 Technology Select Sector SPDR ETF TECHNOLOGY 81369Y803 444811 1913 SH SOLE 0 0 1913 iShares Morningstar Mid-Cap Growth ETF MRGSTR MD CP GRW 464288307 231222 3061 SH SOLE 0 0 3061 iShares MSCI USA Quality Factor ETF MSCI USA QLT FCT 46432F339 320544 1800 SH SOLE 0 0 1800 iShares Russell 1000 Growth ETF RUS 1000 GRW ETF 464287614 1013990 2525 SH SOLE 0 0 2525 iShares Russell Top 200 ETF RUS TOP 200 ETF 464289446 340503 2353 SH SOLE 0 0 2353 Vanguard FTSE Developed Mkts ETF VAN FTSE DEV MKT 921943858 332445 6952 SH SOLE 0 0 6952 WisdomTree US Total Dividend ETF US TOTAL DIVIDND 97717W109 753312 9930 SH SOLE 0 0 9930 Vanguard Short-Term Treasury ETF SHORT TERM TREAS 92206C102 410460 7055 SH SOLE 0 0 7055 Vanguard Tax-Exempt Bond Index ETF TAX EXEMPT BD 922907746 440893 8795 SH SOLE 0 0 8795 iShares Russell 1000 ETF RUS 1000 ETF 464287622 1189415 3692 SH SOLE 0 0 3692 iShares S&P Small-Cap 600 Growth ETF S&P SML 600 GWT 464287887 565847 4180 SH SOLE 0 0 4180 iShares S&P Small-Cap 600 Value ETF SP SMCP600VL ETF 464287879 646338 5951 SH SOLE 0 0 5951 PIMCO Intermediate Municipal Bd Actv ETF INTER MUN BD ACT 72201R866 600068 11600 SH SOLE 0 0 11600 SPDR Gold MiniShares Trust SPDR GLD MINIS 98149E303 901871 17347 SH SOLE 0 0 17347 FlexShares Global Upstream Natural Resources Index ETF MORNSTAR UPSTR 33939L407 680405 18713 SH SOLE 0 0 18713 iShares Residential and Multi Real Estate ETF RESIDENTIAL MULT 464288562 753921 9305 SH SOLE 0 0 9305 Vanguard Total World Stock ETF TT WRLD ST ETF 922042742 930912 7924 SH SOLE 0 0 7924 Vanguard Large-Cap ETF 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Enhanced Equity ETF INTRNL RES EQT 46641Q134 4629955 79131 SH SOLE 0 0 79131 iShares Core MSCI EAFE ETF CORE MSCI EAFE 46432F842 5602792 79721 SH SOLE 0 0 79721 Vanguard Growth Index Fund ETF GROWTH ETF 922908736 8281037 20176 SH SOLE 0 0 20176 JPMorgan Ultra-Short Income ETF ULTRA SHRT ETF 46641Q837 8013968 159102 SH SOLE 0 0 159102 iShares Russell 2500 ETF RUSEL 2500 ETF 46435G268 19910322 292799 SH SOLE 0 0 292799