Kensington Asset Management, LLC — 13F Holdings & Portfolio
CIK 1979884 · latest 13F-HR filed 2026-08-12
Kensington Asset Management, LLC manages $1.83B in 13F-reported U.S. long-equity assets across 39 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VOO (22.84%), PULS (11.91%), VUSB (11.20%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions and exited 5; 26 existing positions rose in reported value and 4 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-12
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 80.5%Cumulative share of the portfolio held in the largest N positions.
SUITE 225
AUSTIN, TX 78746
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| ARROYOS, VALERIE Control | MANAGING DIRECTOR - CHIEF OPERATING OFFICER | Less than 5% | Individual |
| BOWER, WILLIAM, SCOTT Control | MANAGING DIRECTOR | Less than 5% | Individual |
| Chang, Steven, Byungkwan Control | MANAGING DIRECTOR - CHIEF COMPLIANCE OFFICER | Less than 5% | Individual |
| ENGELBRECHT, MARK Control | MANAGING PARTNER | 25–50% | Individual |
| FANOPOULOS, EMMANUEL Control | MANAGING PARTNER | 25–50% | Individual |
| KENSINGTON INVESTMENT PARTNERS, LLC Control | MEMBER | 75% or more | Domestic Entity |
| WEISENBERGER, BRIAN, MATTHEW Control | MANAGING DIRECTOR - CHIEF MARKET STRATEGIST | Less than 5% | Individual |
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- VANGUARD BD INDEX FDS$63.3M +44.6%
- PGIM ETF TR$58.7M +36.7%
- J P MORGAN EXCHANGE TRADED F$35.6M +35.3%
- ISHARES TR$29.6M +38.1%
- VANGUARD SCOTTSDALE FDS$9.9M +49.9%
Top Trims
- INVESCO QQQ TR-$194.5M -97.0%
- VANGUARD INDEX FDS-$65.1M -13.4%
- ETFS GOLD TR-$7.7M -70.1%
- JOHN HANCOCK EXCHANGE TRADED-$3.8M -85.5%
New Positions
- BLACKROCK ETF TRUST$3.4M
- SIMPLIFY EXCHANGE TRADED FUN$2.6M
- PIMCO ETF TR$468.9K
Exited Positions
- JANUS DETROIT STR TR$13.6M
- VANGUARD INTL EQUITY INDEX F$2.9M
- ISHARES TR$2.8M
- SPDR SERIES TRUST$2.4M
- BONDBLOXX ETF TRUST$333.7K
Kensington Asset Management, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | VOO | 922908363 | $418.9M | 22.84% | 609,865 | SH |
| 2 | PGIM ETF TR | PULS | 69344A107 | $218.4M | 11.91% | 4,407,675 | SH |
| 3 | VANGUARD BD INDEX FDS | VUSB | 92203C303 | $205.4M | 11.20% | 4,125,497 | SH |
| 4 | J P MORGAN EXCHANGE TRADED F | JPST | 46641Q837 | $136.6M | 7.45% | 2,701,053 | SH |
| 5 | ISHARES TR | FLOT | 46429B655 | $107.3M | 5.85% | 2,101,238 | SH |
| 6 | JANUS DETROIT STR TR | VNLA | 47103U886 | $99.1M | 5.40% | 2,028,176 | SH |
| 7 | VANECK ETF TRUST | FLTR | 92189F486 | $84.9M | 4.63% | 3,314,952 | SH |
| 8 | SPDR SERIES TRUST | SPHY | 78468R606 | $81.0M | 4.41% | 3,453,978 | SH |
| 9 | ISHARES TR | USHY | 46435U853 | $79.3M | 4.32% | 2,140,983 | SH |
| 10 | DBX ETF TR | HYLB | 233051432 | $46.5M | 2.53% | 1,272,962 | SH |
| 11 | PIMCO ETF TR | PYLD | 72201R585 | $46.2M | 2.52% | 1,740,431 | SH |
| 12 | GOLDMAN SACHS ETF TR | GSST | 381430230 | $45.8M | 2.50% | 905,991 | SH |
| 13 | AB ACTIVE ETFS INC | YEAR | 00039J103 | $43.8M | 2.39% | 869,794 | SH |
| 14 | VANECK ETF TRUST | ANGL | 92189F437 | $36.4M | 1.98% | 1,244,430 | SH |
| 15 | JANUS DETROIT STR TR | JAAA | 47103U845 | $31.5M | 1.72% | 623,470 | SH |
| 16 | VANGUARD SCOTTSDALE FDS | VGSH | 92206C102 | $29.7M | 1.62% | 511,014 | SH |
| 17 | VANGUARD SCOTTSDALE FDS | VGIT | 92206C706 | $25.7M | 1.40% | 435,894 | SH |
| 18 | VANGUARD INDEX FDS | VTI | 922908769 | $14.3M | 0.78% | 38,539 | SH |
| 19 | BNY MELLON ETF TRUST | BKUI | 09661T859 | $7.4M | 0.40% | 147,692 | SH |
| 20 | CAPITAL GRP FIXED INCM ETF T | CGUI | 14020Y888 | $7.2M | 0.39% | 284,915 | SH |
| 21 | SPDR INDEX SHS FDS | SPEM | 78463X509 | $6.4M | 0.35% | 123,770 | SH |
| 22 | SPDR SERIES TRUST | SPSM | 78468R853 | $6.4M | 0.35% | 111,072 | SH |
| 23 | FRANKLIN TEMPLETON ETF TR | FLJP | 35473P744 | $6.3M | 0.34% | 158,041 | SH |
| 24 | INVESCO ACTVELY MNGD ETC FD | PDBC | 46090F100 | $6.2M | 0.34% | 392,091 | SH |
| 25 | INVESCO QQQ TR | QQQ | 46090E103 | $6.0M | 0.33% | 8,100 | SH |
| 26 | ISHARES TR | HDV | 46429B663 | $5.2M | 0.28% | 188,695 | SH |
| 27 | VANGUARD SCOTTSDALE FDS | VGLT | 92206C847 | $4.6M | 0.25% | 83,744 | SH |
| 28 | BNY MELLON ETF TRUST | BKGI | 09661T826 | $4.3M | 0.23% | 94,680 | SH |
| 29 | BLACKROCK ETF TRUST | IALT | 09290C665 | $3.4M | 0.18% | 120,000 | SH |
| 30 | ISHARES INC | EMHY | 464286285 | $3.3M | 0.18% | 81,603 | SH |
| 31 | ETFS GOLD TR | SGOL | 00326A104 | $3.3M | 0.18% | 86,301 | SH |
| 32 | SIMPLIFY EXCHANGE TRADED FUN | CTAP | 82889N228 | $2.6M | 0.14% | 100,000 | SH |
| 33 | NUSHARES ETF TR | NUSB | 67092P755 | $2.5M | 0.14% | 100,700 | SH |
| 34 | EA SERIES TRUST | FRDM | 02072L607 | $2.4M | 0.13% | 33,316 | SH |
| 35 | INVESCO EXCH TRADED FD TR II | IDMO | 46138E222 | $2.0M | 0.11% | 32,771 | SH |
| 36 | ISHARES TR | EMB | 464288281 | $1.6M | 0.09% | 16,462 | SH |
| 37 | NUSHARES ETF TR | NSCI | 67092P698 | $1.3M | 0.07% | 50,000 | SH |
| 38 | JOHN HANCOCK EXCHANGE TRADED | JHHY | 47804J719 | $646.3K | 0.04% | 25,281 | SH |
| 39 | PIMCO ETF TR | LONZ | 72201R627 | $468.9K | 0.03% | 9,509 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-12 | $1.83B | 39 | 0001979884-26-000006 |
| 2026-03-31 | 2026-05-14 | $1.94B | 41 | 0001979884-26-000003 |
| 2026-03-31 | 2026-05-21 | $1.84B | 42 | 0001979884-26-000005 |
| 2025-12-31 | 2026-02-13 | $1.94B | 41 | 0001979884-26-000002 |
| 2025-09-30 | 2025-11-12 | $1.67B | 37 | 0001979884-25-000008 |
BARTON OAKS PLAZA BLDG. II SUITE 225
AUSTIN, TX 78746