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Livermore
Livermore
ZHEN

Kendall Capital Management

SEC CIK
0001731372
Latest filing
Aug 12, 2026

The latest 13F from Kendall Capital Management covers Q2 2026 (filed Aug 12, 2026): 236 long positions worth $600.4M. The top 10 holdings make up 35.0% of the portfolio, and the largest is T Rowe Price Exchange-Traded at 5.6%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
22
Est. +$9.66M
Added
79
Est. +$56.9M
Reduced
101
Est. −$41.3M
Sold out
17
Est. −$7.87M

Top 5 holdings

Share of this quarter's portfolio value

  1. T Rowe Price Exchange-Traded87283Q826
    5.6%$33.7M
  2. J P Morgan Exchange Traded F46641Q134
    4.8%$28.9M
  3. Fidelity Covington Trust31609A503
    4.5%$27.1M
  4. DELLDell Technologies Inc.
    4.3%$26.0MHistory
  5. AVGOBroadcom Inc.
    2.9%$17.3MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Fidelity Covington Trust31609A503
    +$25.8MAdded
  2. JPMorgan Ultra-Short Income ETF46641Q837
    +$2.43MAdded
  3. OMCOmnicom Group Inc.
    +$1.83MAddedHistory
  4. ASMLASML Holding NV
    +$1.75MNewHistory
  5. FHIFederated Hermes, Inc.
    +$1.42MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Fidelity Covington Trust31609A503
    +4.27 pp0.2% → 4.5%
  2. AVTAvnet Inc
    +0.47 pp2.1% → 2.6%History
  3. ENVAEnova International, Inc.
    +0.32 pp0.2% → 0.5%History
  4. ASMLASML Holding NV
    +0.29 pp0.0% → 0.3%History
  5. CNMCore & Main, Inc.
    +0.20 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr46435G268
    −$25.8MReduced
  2. CSGSCSG Systems International Inc
    −$4.43MSold outHistory
  3. DELLDell Technologies Inc.
    −$1.57MReducedHistory
  4. ACMRACM Research, Inc.
    −$1.31MReducedHistory
  5. KLACKLA Corp
    −$1.16MReducedConverted for a 10-for-1 splitHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. iShares Tr46435G268
    −4.43 pp5.6% → 1.1%
  2. CSGSCSG Systems International Inc
    −0.91 pp0.9% → 0.0%History
  3. ACNAccenture plc
    −0.31 pp0.5% → 0.2%History
  4. NXSTNexstar Media Group, Inc.
    −0.30 pp1.1% → 0.8%History
  5. UTHRUnited Therapeutics Corp
    −0.23 pp0.8% → 0.5%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$600.4M
+$112.4M (+23.0%) vs. prior quarter
Positions
236
+5 vs. prior quarter
Top 10 concentration
35.0%
Top 10 as share of value
Turnover
9.0%
Q2 2026, one quarter
Average holding period
14.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $600.4M (Q2 2026)

Q1 2021: $161.6MQ2 2021: $177.9MQ3 2021: $184.9MQ4 2021: $210.7MQ1 2022: $206.9MQ2 2022: $181.6MQ3 2022: $171.9MQ4 2022: $197.9MQ1 2023: $208.1MQ2 2023: $228.1MQ3 2023: $225.6MQ4 2023: $257.4MQ1 2024: $290.7MQ2 2024: $299.9MQ3 2024: $323.9MQ4 2024: $341.8MQ1 2025: $340.3MQ2 2025: $378.1MQ3 2025: $443.6MQ4 2025: $478.0MQ1 2026: $488.0MQ2 2026: $600.4M
Q1 2021Q2 2026
13F filings of Kendall Capital Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 2026236$600.4MT Rowe Price Exchange-TradedJ P Morgan Exchange Traded FFidelity Covington Trustvs. Q1 2026SEC
Q1 2026Apr 24, 2026231$488.0MT Rowe Price Exchange-TradediShares TrJ P Morgan Exchange Traded Fvs. Q4 2025SEC
Q4 2025Jan 16, 2026230$478.0MiShares TrT Rowe Price Exchange-TradedJ P Morgan Exchange Traded Fvs. Q3 2025SEC
Q3 2025Nov 13, 2025232$443.6MiShares TrJ P Morgan Exchange Traded FT Rowe Price Exchange-Tradedvs. Q2 2025SEC
Q2 2025Jul 16, 2025225$378.1MiShares TrJ P Morgan Exchange Traded FAVGOvs. Q1 2025SEC
Q1 2025Apr 25, 2025218$340.3MiShares TrJ P Morgan Exchange Traded FJPMorgan Ultra-Short Income ETFvs. Q4 2024SEC
Q4 2024Feb 7, 2025217$341.8MiShares TrAVGOVanguard Morningstar Growth ETFvs. Q3 2024SEC
Q3 2024Nov 8, 2024210$323.9MiShares TrAVGOOMCvs. Q2 2024SEC
Q2 2024Aug 12, 2024209$299.9MiShares TrAVGOVSECvs. Q1 2024SEC
Q1 2024May 10, 2024210$290.7MiShares TrVSECJPMorgan Ultra-Short Income ETFvs. Q4 2023SEC
Q4 2023Jan 26, 2024203$257.4MiShares TrVSECJPMorgan Ultra-Short Income ETFvs. Q3 2023SEC
Q3 2023Oct 31, 2023194$225.6MJPMorgan Ultra-Short Income ETFiShares TrVSECvs. Q2 2023SEC
Q2 2023Jul 28, 2023195$228.1MJPMorgan Ultra-Short Income ETFVSECiShares Trvs. Q1 2023SEC
Q1 2023May 11, 2023185$208.1MJPMorgan Ultra-Short Income ETFOMCiShares Trvs. Q4 2022SEC
Q4 2022Jan 30, 2023182$197.9MJPMorgan Ultra-Short Income ETFVSECOMCvs. Q3 2022SEC
Q3 2022Nov 2, 2022169$171.9MJPMorgan Ultra-Short Income ETFVSECOMCvs. Q2 2022SEC
Q2 2022Jul 29, 2022168$181.6MJPMorgan Ultra-Short Income ETFVSECABBVvs. Q1 2022SEC
Q1 2022May 6, 2022162$206.9MJPMorgan Ultra-Short Income ETFVSECOMCvs. Q4 2021SEC
Q4 2021Jan 28, 2022164$210.7MJPMorgan Ultra-Short Income ETFVSECCDWvs. Q3 2021SEC
Q3 2021Nov 5, 2021152$184.9MJPMorgan Ultra-Short Income ETFVSECCDWvs. Q2 2021SEC
Q2 2021Jul 30, 2021149$177.9MVSECJPMorgan Ultra-Short Income ETFOMCvs. Q1 2021SEC
Q1 2021May 5, 2021141$161.6MVSECJPMorgan Ultra-Short Income ETFINTC–SEC