# EDGAR Filing Document

**Accession Number:** 0001731372
**File Stem:** 0001731372-23-000001
**Filing Date:** 2023-1
**Character Count:** 21078
**Document Hash:** d9d03d0f7a1d42a842f3ba28db151ce7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001731372-23-000001.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001731372-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**EFFECTIVENESS DATE**: 20230130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kendall Capital Management
- **CENTRAL INDEX KEY:** 0001731372
- **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:** 23567639

**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

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Kendall Capital Management<br>**Address:** 2000 TOWER OAKS BOULEVARD<br>SUITE 240<br>ROCKVILLE, MD 20852

**Form 13F File Number:** 028-18568

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Brian Mattox<br>**Title:** CCO<br>**Phone:** 240-801-7923

**Signature, Place, and Date of Signing:**

Brian Mattox  Rockville, MD  01-30-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 182

**Form 13F Information Table Value Total:** $197906

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Basanite Inc | COM | 06975Q100 |  | 1 | 31000 | SH |  | SOLE |  | 0 | 0 | 31000 |
| Texas Pacific Land Trust | COM | 88262P102 |  | 211 | 90 | SH |  | SOLE |  | 0 | 0 | 90 |
| Danaher Corporation | COM | 235851102 |  | 240 | 905 | SH |  | SOLE |  | 0 | 0 | 905 |
| Lam Research Corp | COM | 512807108 |  | 240 | 570 | SH |  | SOLE |  | 0 | 0 | 570 |
| Microsoft Corporation | COM | 594918104 |  | 204 | 852 | SH |  | SOLE |  | 0 | 0 | 852 |
| Oracle Corporation | COM | 68389X105 |  | 226 | 2768 | SH |  | SOLE |  | 0 | 0 | 2768 |
| Astrazeneca Plc | SPONSORED ADR | 046353108 |  | 247 | 3641 | SH |  | SOLE |  | 0 | 0 | 3641 |
| Darling Ingredients Inc | COM | 237266101 |  | 572 | 9135 | SH |  | SOLE |  | 0 | 0 | 9135 |
| Csx Corporation | COM | 126408103 |  | 218 | 7044 | SH |  | SOLE |  | 0 | 0 | 7044 |
| Target Corporation | COM | 87612E106 |  | 324 | 2171 | SH |  | SOLE |  | 0 | 0 | 2171 |
| Generac Holding Inc. | COM | 368736104 |  | 244 | 2420 | SH |  | SOLE |  | 0 | 0 | 2420 |
| Mckesson Corporation | COM | 58155Q103 |  | 364 | 970 | SH |  | SOLE |  | 0 | 0 | 970 |
| Accel Entertainment Inc CL A1 | CL A1 | 00436Q106 |  | 110 | 14325 | SH |  | SOLE |  | 0 | 0 | 14325 |
| D R Horton Co | COM | 23331A109 |  | 211 | 2363 | SH |  | SOLE |  | 0 | 0 | 2363 |
| Cardinal Health Inc. | COM | 14149Y108 |  | 258 | 3350 | SH |  | SOLE |  | 0 | 0 | 3350 |
| Jpmorgan Chase  Co. | COM | 46625H100 |  | 218 | 1622 | SH |  | SOLE |  | 0 | 0 | 1622 |
| Chevron Corporation | COM NEW | 166764100 |  | 349 | 1942 | SH |  | SOLE |  | 0 | 0 | 1942 |
| Sandy Spring Bancorp Inc. | COM | 800363103 |  | 344 | 9767 | SH |  | SOLE |  | 0 | 0 | 9767 |
| Radian Group Inc | COM | 750236101 |  | 203 | 10645 | SH |  | SOLE |  | 0 | 0 | 10645 |
| Global Payments Inc. | COM | 37940X102 |  | 260 | 2618 | SH |  | SOLE |  | 0 | 0 | 2618 |
| Verizon Communications | COM | 92343V104 |  | 200 | 5080 | SH |  | SOLE |  | 0 | 0 | 5080 |
| Bloomin Brands Inc | COM | 094235108 |  | 200 | 9960 | SH |  | SOLE |  | 0 | 0 | 9960 |
| Bunge Limited | COM | G16962105 |  | 211 | 2110 | SH |  | SOLE |  | 0 | 0 | 2110 |
| Novartis Ag | SPONSORED ADR | 66987V109 |  | 255 | 2816 | SH |  | SOLE |  | 0 | 0 | 2816 |
| Affiliated Managers Group Inc | COM | 008252108 |  | 274 | 1730 | SH |  | SOLE |  | 0 | 0 | 1730 |
| Consensus Cloud Solution | COM | 20848V105 |  | 330 | 6130 | SH |  | SOLE |  | 0 | 0 | 6130 |
| Warrior Met Coal Inc | COM | 93627C101 |  | 249 | 7200 | SH |  | SOLE |  | 0 | 0 | 7200 |
| CACI International Inc | CL A | 127190304 |  | 295 | 980 | SH |  | SOLE |  | 0 | 0 | 980 |
| Hanesbrands Inc. | COM | 410345102 |  | 105 | 16445 | SH |  | SOLE |  | 0 | 0 | 16445 |
| Brighthouse Financial Inc | COM | 10922N103 |  | 361 | 7050 | SH |  | SOLE |  | 0 | 0 | 7050 |
| Qualcomm Incorporated | COM | 747525103 |  | 256 | 2325 | SH |  | SOLE |  | 0 | 0 | 2325 |
| Xperi Inc | COMMON STOCK | 98423J101 |  | 121 | 14100 | SH |  | SOLE |  | 0 | 0 | 14100 |
| Beacon Roofing Supply Inc | COM | 073685109 |  | 269 | 5100 | SH |  | SOLE |  | 0 | 0 | 5100 |
| Group 1 Automotive Inc | COM | 398905109 |  | 395 | 2190 | SH |  | SOLE |  | 0 | 0 | 2190 |
| John Wiley  Sons Inc CL A | CL A | 968223206 |  | 269 | 6715 | SH |  | SOLE |  | 0 | 0 | 6715 |
| Kraft Heinz Co | COM | 500754106 |  | 356 | 8753 | SH |  | SOLE |  | 0 | 0 | 8753 |
| Lendingclub Corp | COM NEW | 52603A208 |  | 206 | 23405 | SH |  | SOLE |  | 0 | 0 | 23405 |
| World Wrestling Entertainment Inc | CL A | 98156Q108 |  | 468 | 6835 | SH |  | SOLE |  | 0 | 0 | 6835 |
| Fleetcor Technologies Inc | COM | 339041105 |  | 293 | 1595 | SH |  | SOLE |  | 0 | 0 | 1595 |
| Meritage Homes Corp | COM | 59001A102 |  | 368 | 3990 | SH |  | SOLE |  | 0 | 0 | 3990 |
| Hibbett Sports Inc | COM | 428567101 |  | 329 | 4825 | SH |  | SOLE |  | 0 | 0 | 4825 |
| J M Smucker Co | COM NEW | 832696405 |  | 444 | 2805 | SH |  | SOLE |  | 0 | 0 | 2805 |
| Xperi Holding Corp | COMMON STOCK | 00676P107 |  | 369 | 38881 | SH |  | SOLE |  | 0 | 0 | 38881 |
| Masonite Intl Corp | COM | 575385109 |  | 252 | 3130 | SH |  | SOLE |  | 0 | 0 | 3130 |
| Capital Bancorp Inc MD | COM | 139737100 |  | 2264 | 96158 | SH |  | SOLE |  | 0 | 0 | 96158 |
| Owens Corning Fiberglas | NEW COM | 690742101 |  | 334 | 3915 | SH |  | SOLE |  | 0 | 0 | 3915 |
| Brookfield Infrastructure Corp | SHS A | 11275Q107 |  | 304 | 7815 | SH |  | SOLE |  | 0 | 0 | 7815 |
| Masco Corp | COM | 574599106 |  | 278 | 5960 | SH |  | SOLE |  | 0 | 0 | 5960 |
| National Fuel Gas Co | COM | 636180101 |  | 351 | 5545 | SH |  | SOLE |  | 0 | 0 | 5545 |
| Exxon Mobil Corporation | COM | 30231G102 |  | 619 | 5608 | SH |  | SOLE |  | 0 | 0 | 5608 |
| Lear Corporation | COM NEW | 521865204 |  | 419 | 3376 | SH |  | SOLE |  | 0 | 0 | 3376 |
| Aes Corp | COM | 00130H105 |  | 897 | 31192 | SH |  | SOLE |  | 0 | 0 | 31192 |
| Medpace Holdings Inc | COM | 58506Q109 |  | 939 | 4420 | SH |  | SOLE |  | 0 | 0 | 4420 |
| Micron Technology | COM | 595112103 |  | 331 | 6630 | SH |  | SOLE |  | 0 | 0 | 6630 |
| At Inc. | COM | 00206R102 |  | 355 | 19277 | SH |  | SOLE |  | 0 | 0 | 19277 |
| International Business Machine | COM | 459200101 |  | 464 | 3295 | SH |  | SOLE |  | 0 | 0 | 3295 |
| Winnebago Industries Inc | COM | 974637100 |  | 301 | 5715 | SH |  | SOLE |  | 0 | 0 | 5715 |
| Mueller Industries Inc | COM | 624756102 |  | 442 | 7495 | SH |  | SOLE |  | 0 | 0 | 7495 |
| Jazz Pharmaceutical | SHS USD | G50871105 |  | 515 | 3230 | SH |  | SOLE |  | 0 | 0 | 3230 |
| Tyson Foods Inc. | CL A | 902494103 |  | 446 | 7160 | SH |  | SOLE |  | 0 | 0 | 7160 |
| SciPlay Corp | CL A | 809087109 |  | 485 | 30175 | SH |  | SOLE |  | 0 | 0 | 30175 |
| Union Pacific Corporation | COM | 907818108 |  | 774 | 3736 | SH |  | SOLE |  | 0 | 0 | 3736 |
| United Rentals Inc. | COM | 911363109 |  | 1549 | 4357 | SH |  | SOLE |  | 0 | 0 | 4357 |
| Builders Firstsource Inc | COM | 12008R107 |  | 498 | 7675 | SH |  | SOLE |  | 0 | 0 | 7675 |
| Lyondellbasell Industries Nv | SHS - A - | N53745100 |  | 453 | 5450 | SH |  | SOLE |  | 0 | 0 | 5450 |
| Polaris Industries | COM | 731068102 |  | 399 | 3950 | SH |  | SOLE |  | 0 | 0 | 3950 |
| Medical Properties Trust Inc | COM | 58463J304 |  | 492 | 44170 | SH |  | SOLE |  | 0 | 0 | 44170 |
| Cirrus Logic Inc | COM | 172755100 |  | 512 | 6880 | SH |  | SOLE |  | 0 | 0 | 6880 |
| Sprouts Farmers Market Inc | COM | 85208M102 |  | 717 | 22135 | SH |  | SOLE |  | 0 | 0 | 22135 |
| S Global Inc | COM | 78409V104 |  | 828 | 2471 | SH |  | SOLE |  | 0 | 0 | 2471 |
| Fiserv Inc. | COM | 337738108 |  | 909 | 8990 | SH |  | SOLE |  | 0 | 0 | 8990 |
| Federated Hermes Inc | CL B | 314211103 |  | 669 | 18435 | SH |  | SOLE |  | 0 | 0 | 18435 |
| O'Reilly Automotive Inc. | COM | 67103H107 |  | 1936 | 2294 | SH |  | SOLE |  | 0 | 0 | 2294 |
| Vistra Energy Corp | COM | 92840M102 |  | 713 | 30730 | SH |  | SOLE |  | 0 | 0 | 30730 |
| Texas Instruments Incorporated | COM | 882508104 |  | 730 | 4419 | SH |  | SOLE |  | 0 | 0 | 4419 |
| Norfolk Southern Corporation | COM | 655844108 |  | 1279 | 5192 | SH |  | SOLE |  | 0 | 0 | 5192 |
| Progress Software Corp | COM | 743312100 |  | 690 | 13675 | SH |  | SOLE |  | 0 | 0 | 13675 |
| Organon  Co | COMMON STOCK | 68622V106 |  | 517 | 18522 | SH |  | SOLE |  | 0 | 0 | 18522 |
| Hca Healthcare Inc | COM | 40412C101 |  | 1499 | 6246 | SH |  | SOLE |  | 0 | 0 | 6246 |
| Taylor Morrison Home Corp | COM | 87724P106 |  | 777 | 25590 | SH |  | SOLE |  | 0 | 0 | 25590 |
| Emergent Biosolution | COM | 29089Q105 |  | 119 | 10115 | SH |  | SOLE |  | 0 | 0 | 10115 |
| Altria Group Inc. | COM | 02209S103 |  | 690 | 15097 | SH |  | SOLE |  | 0 | 0 | 15097 |
| Arbor Realty Trust | COM | 038923108 |  | 590 | 44765 | SH |  | SOLE |  | 0 | 0 | 44765 |
| NortonLifeLock Inc | COM | 668771108 |  | 503 | 23475 | SH |  | SOLE |  | 0 | 0 | 23475 |
| Valero Energy Corporation | COM | 91913Y100 |  | 1106 | 8719 | SH |  | SOLE |  | 0 | 0 | 8719 |
| Encore Capital Group | COM | 292554102 |  | 561 | 11705 | SH |  | SOLE |  | 0 | 0 | 11705 |
| Viatris Inc | COM | 92556V106 |  | 665 | 59704 | SH |  | SOLE |  | 0 | 0 | 59704 |
| Restaurant Brands International Inc. | COM | 76131D103 |  | 732 | 11325 | SH |  | SOLE |  | 0 | 0 | 11325 |
| Navient Corp | COM | 63938C108 |  | 911 | 55365 | SH |  | SOLE |  | 0 | 0 | 55365 |
| Magna International Inc | COM | 559222401 |  | 802 | 14275 | SH |  | SOLE |  | 0 | 0 | 14275 |
| Molson Coors Beverages Co B | CL B | 60871R209 |  | 787 | 15285 | SH |  | SOLE |  | 0 | 0 | 15285 |
| Amn Healthcare Services Inc | COM | 001744101 |  | 622 | 6045 | SH |  | SOLE |  | 0 | 0 | 6045 |
| Diodes Inc | COM | 254543101 |  | 673 | 8845 | SH |  | SOLE |  | 0 | 0 | 8845 |
| Cisco Systems Incorporated | COM | 17275R102 |  | 1004 | 21068 | SH |  | SOLE |  | 0 | 0 | 21068 |
| Comcast Corporation | CL A | 20030N101 |  | 671 | 19196 | SH |  | SOLE |  | 0 | 0 | 19196 |
| Innoviva Inc | COM | 45781M101 |  | 539 | 40710 | SH |  | SOLE |  | 0 | 0 | 40710 |
| Quest Diagnostics Incorporated | COM | 74834L100 |  | 810 | 5180 | SH |  | SOLE |  | 0 | 0 | 5180 |
| Discover Financial Services | COM | 254709108 |  | 835 | 8535 | SH |  | SOLE |  | 0 | 0 | 8535 |
| Accenture Plc | SHS CLASS A | G1151C101 |  | 1637 | 6133 | SH |  | SOLE |  | 0 | 0 | 6133 |
| Unum Group | COM | 91529Y106 |  | 1261 | 30730 | SH |  | SOLE |  | 0 | 0 | 30730 |
| Amgen Inc. | COM | 031162100 |  | 1183 | 4504 | SH |  | SOLE |  | 0 | 0 | 4504 |
| Mastercard Inc. | CL A | 57636Q104 |  | 1309 | 3765 | SH |  | SOLE |  | 0 | 0 | 3765 |
| Werner Enterprises Inc | COM | 950755108 |  | 811 | 20135 | SH |  | SOLE |  | 0 | 0 | 20135 |
| Civitas Resources Inc Ord | COM NEW | 17888H103 |  | 743 | 12820 | SH |  | SOLE |  | 0 | 0 | 12820 |
| Ryder System Inc | COM | 783549108 |  | 851 | 10185 | SH |  | SOLE |  | 0 | 0 | 10185 |
| Nu Skin Enterprises Inc A | CL A | 67018T105 |  | 763 | 18100 | SH |  | SOLE |  | 0 | 0 | 18100 |
| Hewlett Packard Enterprise Co | COM | 42824C109 |  | 977 | 61200 | SH |  | SOLE |  | 0 | 0 | 61200 |
| Atlas Air Worldwide Holdings Inc | COM NEW | 049164205 |  | 1241 | 12310 | SH |  | SOLE |  | 0 | 0 | 12310 |
| Johnson  Johnson | COM | 478160104 |  | 1290 | 7301 | SH |  | SOLE |  | 0 | 0 | 7301 |
| Ford Motor Company | COM | 345370860 |  | 788 | 67745 | SH |  | SOLE |  | 0 | 0 | 67745 |
| Jackson Financial Inc | COM CL A | 46817M107 |  | 871 | 25035 | SH |  | SOLE |  | 0 | 0 | 25035 |
| Amc Networks Inc | CL A | 00164V103 |  | 365 | 23265 | SH |  | SOLE |  | 0 | 0 | 23265 |
| Autonation Inc. | COM | 05329W102 |  | 1337 | 12465 | SH |  | SOLE |  | 0 | 0 | 12465 |
| Vista Outdoor Inc | COM | 928377100 |  | 620 | 25428 | SH |  | SOLE |  | 0 | 0 | 25428 |
| Cummins Inc. | COM | 231021106 |  | 1390 | 5737 | SH |  | SOLE |  | 0 | 0 | 5737 |
| Cboe Global Mkts Inc | COM | 12503M108 |  | 1204 | 9595 | SH |  | SOLE |  | 0 | 0 | 9595 |
| Alphabet Inc | CAP STK CL A | 02079K305 |  | 1490 | 16885 | SH |  | SOLE |  | 0 | 0 | 16885 |
| Kla-Tencor Corp | COM NEW | 482480100 |  | 3227 | 8559 | SH |  | SOLE |  | 0 | 0 | 8559 |
| Evercore Inc | CLASS A | 29977A105 |  | 867 | 7945 | SH |  | SOLE |  | 0 | 0 | 7945 |
| Regeneron Pharmaceuticals Inc | COM | 75886F107 |  | 1809 | 2508 | SH |  | SOLE |  | 0 | 0 | 2508 |
| CVS Health Corp | COM | 126650100 |  | 1265 | 13575 | SH |  | SOLE |  | 0 | 0 | 13575 |
| SLM Corp | COM | 78442P106 |  | 1490 | 89738 | SH |  | SOLE |  | 0 | 0 | 89738 |
| Dell Technologies Inc | CL C | 24703L202 |  | 990 | 24613 | SH |  | SOLE |  | 0 | 0 | 24613 |
| Carlyle Group Lp | COM | 14316J108 |  | 945 | 31662 | SH |  | SOLE |  | 0 | 0 | 31662 |
| Cohu Inc | COM | 192576106 |  | 1180 | 36805 | SH |  | SOLE |  | 0 | 0 | 36805 |
| Ugi Corporation | COM NEW | 902681105 |  | 960 | 25908 | SH |  | SOLE |  | 0 | 0 | 25908 |
| CBRE Group Inc- A | CL A | 12504L109 |  | 1732 | 22505 | SH |  | SOLE |  | 0 | 0 | 22505 |
| Marinemax Inc | COM | 567908108 |  | 715 | 22915 | SH |  | SOLE |  | 0 | 0 | 22915 |
| Thor Industries Incorporated | COM | 885160101 |  | 917 | 12144 | SH |  | SOLE |  | 0 | 0 | 12144 |
| Qorvo Inc | COM | 74736K101 |  | 725 | 8000 | SH |  | SOLE |  | 0 | 0 | 8000 |
| Hillenbrand Inc | COM | 431571108 |  | 1149 | 26930 | SH |  | SOLE |  | 0 | 0 | 26930 |
| Vse Corporation | COM | 918284100 |  | 6574 | 140239 | SH |  | SOLE |  | 0 | 0 | 140239 |
| M.D.C Holding Inc | COM | 552676108 |  | 1082 | 34235 | SH |  | SOLE |  | 0 | 0 | 34235 |
| Avnet Inc | COM | 053807103 |  | 1270 | 30546 | SH |  | SOLE |  | 0 | 0 | 30546 |
| Nexstar Media Group Inc | CL A | 65336K103 |  | 1491 | 8519 | SH |  | SOLE |  | 0 | 0 | 8519 |
| Amerisourcebergen Corporation | COM | 03073E105 |  | 2099 | 12669 | SH |  | SOLE |  | 0 | 0 | 12669 |
| Costamare Inc | SHS | Y1771G102 |  | 1102 | 118752 | SH |  | SOLE |  | 0 | 0 | 118752 |
| Apple Inc. | COM | 037833100 |  | 2597 | 19985 | SH |  | SOLE |  | 0 | 0 | 19985 |
| Penske Automotive Group | COM | 70959W103 |  | 1675 | 14570 | SH |  | SOLE |  | 0 | 0 | 14570 |
| Merck  Co.  Inc. | COM | 58933Y105 |  | 2088 | 18818 | SH |  | SOLE |  | 0 | 0 | 18818 |
| Albertsons Co Shs Class | COMMON STOCK | 013091103 |  | 1326 | 63954 | SH |  | SOLE |  | 0 | 0 | 63954 |
| Rent A Center Inc | COM NEW | 76009N100 |  | 1124 | 49840 | SH |  | SOLE |  | 0 | 0 | 49840 |
| Broadcom Ltd | COM | 11135F101 |  | 3017 | 5395 | SH |  | SOLE |  | 0 | 0 | 5395 |
| Onemain Holdings Inc | COM | 68268W103 |  | 1530 | 45938 | SH |  | SOLE |  | 0 | 0 | 45938 |
| Intel Corporation | COM | 458140100 |  | 1128 | 42672 | SH |  | SOLE |  | 0 | 0 | 42672 |
| Pfizer Inc. | COM | 717081103 |  | 2466 | 48124 | SH |  | SOLE |  | 0 | 0 | 48124 |
| Walgreens Boots Alliance Inc | COM | 931427108 |  | 1664 | 44533 | SH |  | SOLE |  | 0 | 0 | 44533 |
| Borgwarner Inc. | COM | 099724106 |  | 2160 | 53655 | SH |  | SOLE |  | 0 | 0 | 53655 |
| Medifast Inc | COM | 58470H101 |  | 1475 | 12785 | SH |  | SOLE |  | 0 | 0 | 12785 |
| Cdw Corp | COM | 12514G108 |  | 3638 | 20370 | SH |  | SOLE |  | 0 | 0 | 20370 |
| Equitable Holdings Inc | COM | 29452E101 |  | 2511 | 87504 | SH |  | SOLE |  | 0 | 0 | 87504 |
| Abbvie Inc | COM | 00287Y109 |  | 5036 | 31162 | SH |  | SOLE |  | 0 | 0 | 31162 |
| Hp Inc | COM | 40434L105 |  | 1981 | 73735 | SH |  | SOLE |  | 0 | 0 | 73735 |
| Western Union Company | COM | 959802109 |  | 1512 | 109769 | SH |  | SOLE |  | 0 | 0 | 109769 |
| Arrow Electronics Inc | COM | 042735100 |  | 2819 | 26955 | SH |  | SOLE |  | 0 | 0 | 26955 |
| Tegna Inc | COM | 87901J105 |  | 2571 | 121310 | SH |  | SOLE |  | 0 | 0 | 121310 |
| J2 Global Inc | COM | 48123V102 |  | 2710 | 34258 | SH |  | SOLE |  | 0 | 0 | 34258 |
| Bristol-Myers Squibb Company | COM | 110122108 |  | 3149 | 43768 | SH |  | SOLE |  | 0 | 0 | 43768 |
| Victory Capital Holdings | COM CL A | 92645B103 |  | 2213 | 82484 | SH |  | SOLE |  | 0 | 0 | 82484 |
| CSG Systems Intl Inc | COM | 126349109 |  | 3190 | 55775 | SH |  | SOLE |  | 0 | 0 | 55775 |
| Omnicom Group Incorporated | COM | 681919106 |  | 5761 | 70622 | SH |  | SOLE |  | 0 | 0 | 70622 |
| iShares Russell 1000 ETF | RUS 1000 ETF | 464287622 |  | 229 | 1087 | SH |  | SOLE |  | 0 | 0 | 1087 |
| Schwab Fundamental US Broad Market ETF | SCHWAB FDT US BM | 808524789 |  | 223 | 4245 | SH |  | SOLE |  | 0 | 0 | 4245 |
| Technology Select Sector SPDR ETF | TECHNOLOGY | 81369Y803 |  | 238 | 1913 | SH |  | SOLE |  | 0 | 0 | 1913 |
| iShares S Mid-Cap 400 Growth ETF | S MC 400GR ETF | 464287606 |  | 214 | 3134 | SH |  | SOLE |  | 0 | 0 | 3134 |
| Vanguard Real Estate Index Fund ETF | REAL ESTATE ETF | 922908553 |  | 246 | 2987 | SH |  | SOLE |  | 0 | 0 | 2987 |
| Vanguard Total World Stock ETF | TT WRLD ST ETF | 922042742 |  | 323 | 3746 | SH |  | SOLE |  | 0 | 0 | 3746 |
| PowerShares S 500 Low Volatility ETF | S LOW VOL | 46138E354 |  | 863 | 13500 | SH |  | SOLE |  | 0 | 0 | 13500 |
| Vanguard Small-Cap ETF | SMALL CP ETF | 922908751 |  | 482 | 2628 | SH |  | SOLE |  | 0 | 0 | 2628 |
| iShares Russell 1000 Growth ETF | RUS 1000 GRW ETF | 464287614 |  | 1084 | 5060 | SH |  | SOLE |  | 0 | 0 | 5060 |
| WisdomTree US Total Dividend ETF | US TOTAL DIVIDND | 97717W109 |  | 1066 | 17580 | SH |  | SOLE |  | 0 | 0 | 17580 |
| FlexShares Global Upstream Natural Resources Index ETF | MORNSTAR UPSTR | 33939L407 |  | 891 | 20491 | SH |  | SOLE |  | 0 | 0 | 20491 |
| Ishares Residential REITs ETF | RESIDENTIAL MULT | 464288562 |  | 669 | 9795 | SH |  | SOLE |  | 0 | 0 | 9795 |
| SPDR Gold Minishares ETV | SPDR GLD MINIS | 98149E303 |  | 816 | 22560 | SH |  | SOLE |  | 0 | 0 | 22560 |
| Vanguard Mid-Cap ETF | MID CAP ETF | 922908629 |  | 3404 | 16701 | SH |  | SOLE |  | 0 | 0 | 16701 |
| Vanguard Large-Cap ETF | LARGE CAP ETF | 922908637 |  | 3894 | 22352 | SH |  | SOLE |  | 0 | 0 | 22352 |
| Vanguard FTSE Emerg Mkts ETF | FTSE EMR MKT ETF | 922042858 |  | 1180 | 30268 | SH |  | SOLE |  | 0 | 0 | 30268 |
| Vanguard Total Stock Mkt ETF | TOTAL STK MKT | 922908769 |  | 1633 | 8539 | SH |  | SOLE |  | 0 | 0 | 8539 |
| Ishares Micro Cap ETF | MICRO-CAP ETF | 464288869 |  | 1997 | 18519 | SH |  | SOLE |  | 0 | 0 | 18519 |
| FlexShares iBoxx 5-Yr Target Duration TIPS Index | IBOXX 5YR TRGT | 33939L605 |  | 3481 | 147373 | SH |  | SOLE |  | 0 | 0 | 147373 |
| Ishares Russell 2500 ETF | RUSEL 2500 ETF | 46435G268 |  | 5632 | 105987 | SH |  | SOLE |  | 0 | 0 | 105987 |
| JPMorgan Ultra Short Income ETF | ULTRA SHRT INC | 46641Q837 |  | 8056 | 160694 | SH |  | SOLE |  | 0 | 0 | 160694 |

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