1y return+28.3%S&P 500 +20.9%
3y return+64.5%S&P 500 +68.5%
5y return+62.8%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2017: $224 against $280 in the S&P 500.2
Kendall Capital ManagementS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TMSLT. Rowe Price Small-Mid Cap ETF | $33.7M | 5.6% | +3.6% |
| JIREJPMorgan International Research Enhanced Equity ETF | $28.9M | 4.8% | +4.5% |
| FMDEFidelity Enhanced Mid Cap ETF | $27.1M | 4.5% | +1981.2% |
| DELLDell Technologies Inc | $26.0M | 4.3% | −5.7% |
| AVGOBroadcom Inc | $17.3M | 2.9% | +2.1% |
| VUGVanguard Growth Index Fund ETF | $16.6M | 2.8% | +4.9% |
| KLACKLA Corp | $16.0M | 2.7% | +832.6% |
| AVTAvnet Inc | $15.6M | 2.6% | +4.3% |
| VWOVanguard Emerging Markets Stock ETF | $14.7M | 2.4% | +6.3% |
| JPSTJPMorgan Ultra-Short Income ETF | $14.1M | 2.3% | +20.8% |
| HPEHewlett Packard Enterprise Co | $10.6M | 1.8% | −6.9% |
| OMCOmnicom Group Inc | $9.3M | 1.5% | +24.6% |
| ACMRACM Research Inc | $9.2M | 1.5% | −12.4% |
| VVVanguard Large-Cap ETF | $7.6M | 1.3% | |
| AAPLApple Inc | $7.4M | 1.2% | +20.8% |
| VSECVSE Corp | $7.4M | 1.2% | −8.6% |
| VCTRVictory Capital Holdings Inc | $7.3M | 1.2% | −2.1% |
| GOOGLAlphabet Inc A | $6.9M | 1.1% | +1.1% |
| CLSCelestica Inc | $6.9M | 1.1% | −8.7% |
| SMMDiShares Russell 2500 ETF | $6.7M | 1.1% | −79.3% |
| FHIFederated Hermes Inc | $6.7M | 1.1% | +26.7% |
| VOVanguard Mid-Cap ETF | $6.5M | 1.1% | |
| ABBVAbbvie Inc | $6.2M | 1.0% | |
| TDTFFlexShares iBoxx 5-Yr Target Duration TIPS Index | $5.5M | 0.9% | +19.9% |
| CMICummins Inc | $5.5M | 0.9% | −2.5% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $17.3M |
| DELLDell Technologies Inc | June 30, 2022 | +833.6% | $26.0M |
| CLSCelestica Inc | March 31, 2024 | +711.7% | $6.9M |
| VSECVSE Corp | June 30, 2020 | +628.0% | $7.4M |
| GOOGLAlphabet Inc A | June 30, 2020 | +404.0% | $6.9M |
| CMICummins Inc | June 30, 2020 | +311.7% | $5.5M |
| HPEHewlett Packard Enterprise Co | June 30, 2022 | +240.2% | $10.6M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $7.4M |
| ARWArrow Electronics Inc | June 30, 2020 | +210.7% | $5.3M |
| CORCencora Inc | June 30, 2020 | +180.8% | $4.9M |
Sold off last quarter
- CSG Systems International IncCUSIP 126349109 was $4.4M
- SMSM Energy Co was $336K
- MMSMaximus Inc was $328K
- ZDZiff Davis Inc was $275K
- PRGSProgress Software Corp was $275K
- SBGISinclair Inc was $251K
- AZOAutozone Inc was $250K
- IWMiShares Russell 2000 ETF was $245K
- VZVerizon Communications was $235K
- GBXGreenbrier Companies, Inc. was $226K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +16.6% | +14.8% |
| March 31, 2026 | +0.1% | −4.6% |
| December 31, 2025 | +1.5% | +2.4% |
| September 30, 2025 | +8.3% | +7.8% |
| June 30, 2025 | +8.4% | +10.5% |
| March 31, 2025 | −3.7% | −4.6% |
| December 31, 2024 | +0.0% | +2.1% |
| September 30, 2024 | +6.2% | +5.4% |
| June 30, 2024 | +0.2% | +4.0% |
| March 31, 2024 | +9.1% | +10.0% |
| December 31, 2023 | +10.5% | +11.2% |
| September 30, 2023 | −4.1% | −3.6% |
| June 30, 2023 | +5.9% | +8.3% |
| March 31, 2023 | +2.7% | +7.0% |
| December 31, 2022 | +11.3% | +7.1% |
| September 30, 2022 | −6.5% | −5.3% |
| June 30, 2022 | −12.6% | −16.5% |
| March 31, 2022 | −4.5% | −4.9% |
| December 31, 2021 | +7.3% | +10.7% |
| September 30, 2021 | −2.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Kendall Capital Management Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1731372&type=13F-HR&dateb=&owner=include&count=40CIK 1731372
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1731372/000173137226000004/Filed August 12, 2026 · accession 0001731372-26-000004