Kensington Asset Management, LLC
CIK 1979884 · View on SEC EDGAR ↗
- Portfolio value
- $1.8B
- Positions
- 39
- As of
- June 30, 2026
#1,607 of 9,443 by 13F value · top 17.0%
Portfolio value QoQ: -0.2% 13F does not disclose cash
- Top 10 holdings weight
- 80.55%
- Top 25 holdings weight
- 97.95%
- Positions above 1%
- 17
- Effective number of positions
- 9.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 15.8% Est. buys $289,996,401 · sells $422,099,698
Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 60.0% still held
- New positions
- 3
- Increased
- 26
- Decreased
- 5
- Closed
- 6
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Other/Unmapped
100.0%
Full portfolio 39 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| VOO | $418,861,380 | 22.84% | 609,865 | $-65,081,817 | Down ×1 | ||
| PULS | $218,400,296 | 11.91% | 4,407,675 | $58,674,785 | Up ×3 | ||
| VUSB | $205,367,240 | 11.20% | 4,125,497 | $63,300,913 | Up ×4 | ||
| JPST | $136,592,250 | 7.45% | 2,701,053 | $35,643,570 | Up ×4 | ||
| FLOT | $107,268,199 | 5.85% | 2,101,238 | $29,582,798 | Up ×2 | ||
| VNLA | $99,106,820 | 5.40% | 2,028,176 | $6,688,277 | Up ×5 | ||
| FLTR | $84,895,920 | 4.63% | 3,314,952 | $8,726,543 | Up ×4 | ||
| SPHY | $80,961,244 | 4.41% | 3,453,978 | $7,993,477 | Up ×1 | ||
| USHY | $79,259,190 | 4.32% | 2,140,983 | $-2,469,724 | Down ×2 | ||
| HYLB | $46,488,572 | 2.53% | 1,272,962 | $5,882,266 | Up ×1 | ||
| PYLD | $46,156,230 | 2.52% | 1,740,431 | $1,866,938 | Up ×3 | ||
| GSST | $45,820,494 | 2.50% | 905,991 | $4,408,013 | Up ×4 | ||
| YEAR | $43,785,429 | 2.39% | 869,794 | $7,453,827 | Up ×4 | ||
| ANGL VanEck Fallen Angel High Yield Bond ETF | $36,387,133 | 1.98% | 1,244,430 | $647,103 | |||
| JAAA | $31,479,000 | 1.72% | 623,470 | $9,117,289 | Up ×2 | ||
| VGSH Vanguard Short-Term Treasury ETF | $29,741,014 | 1.62% | 511,014 | $9,901,457 | Up ×2 | ||
| VGIT Vanguard Intermediate-Term Treasury ETF | $25,709,028 | 1.40% | 435,894 | $9,621,834 | Up ×1 | ||
| VTI | $14,260,971 | 0.78% | 38,539 | $1,897,274 | |||
| BKUI | $7,350,261 | 0.40% | 147,692 | $444,434 | Up ×1 | ||
| CGUI | $7,202,651 | 0.39% | 284,915 | $2,528,000 | Up ×1 | ||
| SPEM | $6,408,810 | 0.35% | 123,770 | $3,487,724 | Up ×1 | ||
| SPSM | $6,405,522 | 0.35% | 111,072 | $3,493,179 | Up ×1 | ||
| FLJP | $6,282,129 | 0.34% | 158,041 | $3,353,684 | Up ×1 | ||
| PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | $6,226,405 | 0.34% | 392,091 | $3,299,481 | Up ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $5,964,840 | 0.33% | 8,100 | $-194,507,089 | Down ×2 | ||
| HDV | $5,172,129 | 0.28% | 188,695 | $1,950,272 | Up ×2 | ||
| VGLT Vanguard Long-Term Treasury ETF | $4,620,993 | 0.25% | 83,744 | $750,461 | Up ×1 | ||
| BKGI | $4,257,759 | 0.23% | 94,680 | $1,197,326 | Up ×4 | ||
| IALT iShares Systematic Alternatives Active ETF | $3,366,000 | 0.18% | 120,000 | Up ×1 | |||
| EMHY | $3,318,386 | 0.18% | 81,603 | $1,089,360 | Up ×3 | ||
| SGOL | $3,299,287 | 0.18% | 86,301 | $-7,724,798 | Down ×2 | ||
| CTAP | $2,641,000 | 0.14% | 100,000 | Up ×1 | |||
| NUSB Nuveen Ultra Short Income ETF | $2,543,974 | 0.14% | 100,700 | $-1,219 | |||
| FRDM | $2,428,736 | 0.13% | 33,316 | $1,985,197 | Up ×1 | ||
| IDMO | $1,975,763 | 0.11% | 32,771 | $1,363,145 | Up ×1 | ||
| EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | $1,587,595 | 0.09% | 16,462 | $41,319 | |||
| NSCI | $1,262,975 | 0.07% | 50,000 | $4,045 | |||
| JHHY | $646,258 | 0.04% | 25,281 | $-3,796,292 | Down ×1 | ||
| LONZ | $468,888 | 0.03% | 9,509 | ||||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| PULS | $218,400,296 | 11.91% | up ×3 |
| VUSB | $205,367,240 | 11.20% | up ×4 |
| JPST | $136,592,250 | 7.45% | up ×4 |
| VNLA | $99,106,820 | 5.40% | up ×5 |
| FLTR | $84,895,920 | 4.63% | up ×4 |
| PYLD | $46,156,230 | 2.52% | up ×3 |
| GSST | $45,820,494 | 2.50% | up ×4 |
| YEAR | $43,785,429 | 2.39% | up ×4 |
| BKGI | $4,257,759 | 0.23% | up ×4 |
| EMHY | $3,318,386 | 0.18% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| IALT | $3,366,000 | 120,000 | 0.18% |
| CTAP | $2,641,000 | 100,000 | 0.14% |
| LONZ | $468,888 | 9,509 | 0.03% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| VOO | Trimmed | -200K | -$65.1M |
| VUSB | Bought more | +1.3M | +$63.3M |
| PULS | Bought more | +1.2M | +$58.7M |
| JPST | Bought more | +706K | +$35.6M |
| FLOT | Bought more | +576K | +$29.6M |
| VGSH | Bought more | +172K | +$9.9M |
| VGIT | Bought more | +166K | +$9.6M |
| JAAA | Bought more | +180K | +$9.1M |
| FLTR | Bought more | +326K | +$8.7M |
| SPHY | Bought more | +325K | +$8.0M |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| QQQ | March 31, 2025 | 807,758 | $412,950,122 | |
| MGK | March 31, 2026 | 261,800 | $108,908,800 | No longer tracked |
| VUG | March 31, 2026 | 220,810 | $108,570,069 | No longer tracked |
| JNK | June 30, 2025 | 1,136,980 | $108,354,194 | No longer tracked |
| IWF | March 31, 2026 | 224,830 | $107,232,669 | No longer tracked |
| JAAA | June 30, 2025 | 1,050,087 | $53,249,912 | No longer tracked |
| SRLN | June 30, 2025 | 1,244,811 | $51,199,076 | No longer tracked |
| VUG | March 31, 2025 | 108,320 | $44,458,861 | No longer tracked |
| SJNK | June 30, 2025 | 1,450,000 | $36,482,000 | No longer tracked |
| IWF | March 31, 2025 | 88,650 | $35,600,067 | No longer tracked |
| VCSH | June 30, 2025 | 404,709 | $31,947,729 | |
| BKLN | June 30, 2025 | 1,503,940 | $31,131,558 | No longer tracked |
| LONZ | June 30, 2025 | 418,184 | $21,070,201 | No longer tracked |
| HYGV | June 30, 2025 | 518,700 | $20,945,106 | No longer tracked |
| JSI | June 30, 2026 | 264,409 | $13,630,284 | No longer tracked |
| PULS | June 30, 2025 | 264,464 | $13,151,795 | No longer tracked |
| FLHY | June 30, 2025 | 508,911 | $12,127,349 | No longer tracked |
| BIL | March 31, 2025 | 128,143 | $11,716,115 | No longer tracked |
| SGOL | June 30, 2025 | 280,678 | $8,369,818 | No longer tracked |
| VCSH | March 31, 2026 | 104,498 | $8,339,985 | |
| IEF | Dec. 31, 2025 | 83,454 | $8,049,973 | |
| IYR | June 30, 2025 | 81,873 | $7,839,340 | No longer tracked |
| SPYM | June 30, 2025 | 118,903 | $7,819,061 | No longer tracked |
| HYG | June 30, 2025 | 98,852 | $7,798,434 | No longer tracked |
| USIG | March 31, 2026 | 129,603 | $6,730,284 | |
| VGK | Dec. 31, 2025 | 71,622 | $5,715,436 | No longer tracked |
| CDX | March 31, 2026 | 218,669 | $4,874,132 | No longer tracked |
| SPSM | March 31, 2025 | 72,087 | $3,238,148 | No longer tracked |
| VGK | June 30, 2026 | 34,830 | $2,871,037 | No longer tracked |
| IGIB | June 30, 2026 | 52,464 | $2,792,134 | |
| SPYV | June 30, 2026 | 41,880 | $2,369,570 | No longer tracked |
| USMV | Sept. 30, 2025 | 23,980 | $2,251,003 | No longer tracked |
| MGK | March 31, 2025 | 4,500 | $1,545,345 | No longer tracked |
| JBBB | June 30, 2025 | 29,260 | $1,424,084 | No longer tracked |
| XCCC | June 30, 2026 | 9,167 | $333,679 | No longer tracked |
| GLD | June 30, 2026 | 14,500 | $72,863 | No longer tracked |