Former Secretary, Department of the Air Force
Frank Kendall
Biden administration.
- Assets disclosed
- $5.1M to $11M
- Outside pay
- Not shown
- Trades disclosed
- 21
- Took office
- Jul 2021
Assets disclosed: on the 2025 termination filing. The values on Kendall’s latest financial disclosure to the Office of Government Ethics, added up as ranges, because the form gives ranges and never exact values.
Outside pay: shown for the current administration only. What the latest form reports was paid to the official to the dollar, outside the public salary, which is set by law.
Trades disclosed: Sep 2021 to Mar 2022. Transactions on 278-T reports and annual reports, which include a spouse’s and dependent children’s.
Took office: no leaving date on record.
Outside pay is kept for the current administration only. The Office of Government Ethics drops officials from its public portal after they leave, and by law it destroys most reports six years after they are filed. We saved some earlier reports before they went, but no complete set for any earlier administration survives, and a partial record shown as if it were whole would mislead.
Start date: the cabinet record.
Largest holdings
On the 2025 termination filing
- American Funds Fundamental ANCFX$500K to $1M
- Columbia Dividend and Income Fund LBSAX$500K to $1M
- Columbia Dividend Income Fund LBSAX$500K to $1M
- Spouse’s employmentFidelity Growth Co- FGCKX$500K to $1M
- Spouse’s employmentFidelity Low Priced Stock FLPKX$500K to $1M
- Assets listedEach with a value range
- 39
- Without a valueListed with no dollar range
- 5
Trades
Disclosed on periodic and annual reports, by year
- Bought14% of trades
- 3
- Sold86% of trades
- 18
0 of the 17 trades with a filing date to check were reported after 45 days plus any extension the filing states. The other 4 carry no filing date that can be checked.
The executive financial disclosure reports the official’s transactions together with those of a spouse and dependent children, and does not mark which is which. These trades are shown as disclosed. They should not be read as the official personally trading.
1 annual report row is left out because the filing gives several dates for one line rather than one. Each row links to its filing, which is the complete record.
What was traded
- Individual stock
62% of trades
13 - Funds and ETFs
33% of trades
7 - Other assets
5% of trades
1
Past the deadline
0
Of the 17 trades with a filing date to check, after 45 days plus any extension the filing states
Estimated volume
$1.3M
The forms give each trade as a range of dollars. This adds the low end of every range, so the real volume is at least this and could be much more.
Net worth
Reported as ranges, so no single net worth
- Disclosed assets
- $5.1M to $11M
- Disclosed liabilities
- $250K to $500K
A net worth for Frank Kendall cannot be computed from this filing: values are given as ranges, some items carry no value, and a home kept for personal use is not reported.
- Disclosed assets:
- as ranges on 39 line items, plus 5 without a dollar value
- Disclosed liabilities:
- as ranges on 1 line item
These are the lower and upper bounds of the ranges on the filing, not a market valuation. Assets and liabilities are shown separately and are never netted into a net worth. How these bands are read
The form lists each debt over $10,000 owed at any time during the period it covers, including one repaid before the period ended. A few kinds are left off, such as a debt to a close relative.
Kept since Aug 28, 2026. Federal law generally requires a filing to be destroyed six years after it was received, unless it is needed in an ongoing investigation.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2025 termination filing.
Holdings
On the 2025 termination filing, largest range first
- American Funds Fundamental ANCFX$500K to $1M
- Columbia Dividend and Income Fund LBSAX$500K to $1M
- Columbia Dividend Income Fund LBSAX
Line 2 of the filing
$500K to $1M - Spouse’s employmentFidelity Growth Co- FGCKX$500K to $1M
- Spouse’s employmentFidelity Low Priced Stock FLPKX$500K to $1M
These are the lower and upper bounds of the ranges on the filing, not a market valuation. Assets and liabilities are shown separately and are never netted into a net worth. How these bands are read
The form lists each debt over $10,000 owed at any time during the period it covers, including one repaid before the period ended. A few kinds are left off, such as a debt to a close relative.
Kept since Aug 28, 2026. Federal law generally requires a filing to be destroyed six years after it was received, unless it is needed in an ongoing investigation.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2025 termination filing.
Trades
21 disclosed transactions, Sep 2021 to Mar 2022
What was traded
- Individual stock
62% of trades
13 - Funds and ETFs
33% of trades
7 - Other assets
5% of trades
1
Past the deadline
0
Of the 17 trades with a filing date to check, after 45 days plus any extension the filing states
Estimated volume
$1.3M
The forms give each trade as a range of dollars. This adds the low end of every range, so the real volume is at least this and could be much more.
Disclosed transactions
Newest first, five a page, each with its filing
Sold unless marked · Unspecified, every row
21 disclosed transactions, 4 of them only in the annual report. Amounts are ranges, never exact, and every row links to the official filing.
0 of the 17 trades with a filing date to check were reported after 45 days plus any extension the filing states. The other 4 carry no filing date that can be checked.
The executive financial disclosure reports the official’s transactions together with those of a spouse and dependent children, and does not mark which is which. These trades are shown as disclosed. They should not be read as the official personally trading.
1 annual report row is left out because the filing gives several dates for one line rather than one. Each row links to its filing, which is the complete record.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2025 termination filing.