Kensington Asset Management, LLC

AUSTIN, TX · CIK 1979884 · 13F filing filed 2026-08-12

SEC-registered investment adviser since 2020 · limited liability company

Assets managed$2.6bn
Staff17 · 5 in investment roles
Main clients (by assets)Mutual funds and ETFs 100%
Websitekensingtonassetmanagement.com
Form ADV · 2026-08-03SEC adviser record

Legal entityKensington Asset Management LLC (US)

$1.8bn reported value -0.1% vs Q1 2026

39positions

80.5%in top 10

3 new 26 added 5 reduced 5 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	609,865	$418.9m22.84%	22.84%	Reduced -200.0k	-200,014 -24.7%
2	PGIM ETF TR PGIM ULTRA SH BD PULS	PULS	4,407,675	$218.4m11.91%	11.91%	Added +1.2m	+1,180,897 36.6%
3	VANGUARD BD INDEX FDS VANGUARD ULTRA VUSB	VUSB	4,125,497	$205.4m11.20%	11.20%	Added +1.3m	+1,271,900 44.6%
4	J P MORGAN EXCHANGE TRADED F ULTRA SHRT ETF JPST	JPST	2,701,053	$136.6m7.45%	7.45%	Added +706.4k	+706,414 35.4%
5	ISHARES TR FLTG RATE NT ETF FLOT	FLOT	2,101,238	$107.3m5.85%	5.85%	Added +576.5k	+576,500 37.8%
6	JANUS DETROIT STR TR HENDRSN SHRT ETF VNLA	VNLA	2,028,176	$99.1m5.40%	5.40%	Added +136.7k	+136,679 7.2%
7	VANECK ETF TRUST IG FLOATING RATE FLTR	FLTR	3,314,952	$84.9m4.63%	4.63%	Added +325.6k	+325,573 10.9%
8	SPDR SERIES TRUST PORTFLI HIGH YLD SPHY	SPHY	3,453,978	$81.0m4.41%	4.41%	Added +325.0k	+325,000 10.4%
9	ISHARES TR BROAD USD HIGH USHY	USHY	2,140,983	$79.3m4.32%	4.32%	Reduced -77.5k	-77,500 -3.5%
10	DBX ETF TR XTRACK USD HIGH HYLB	HYLB	1,272,962	$46.5m2.53%	2.53%	Added +150.0k	+150,000 13.4%
11	PIMCO ETF TR MULTISECTOR BD PYLD	PYLD	1,740,431	$46.2m2.52%	2.52%	Added +50.0k	+50,000 3.0%
12	GOLDMAN SACHS ETF TR ULTRA SHORT BOND GSST	GSST	905,991	$45.8m2.50%	2.50%	Added +86.8k	+86,753 10.6%
13	AB ACTIVE ETFS INC ULTRA SHORT INCM YEAR	YEAR	869,794	$43.8m2.39%	2.39%	Added +150.0k	+150,000 20.8%
14	VANECK ETF TRUST FALLEN ANGEL HG ANGL	ANGL	1,244,430	$36.4m1.98%	1.98%	Unchanged
15	JANUS DETROIT STR TR HENDRSON AAA CL JAAA	JAAA	623,470	$31.5m1.72%	1.72%	Added +179.5k	+179,521 40.4%
16	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	511,014	$29.7m1.62%	1.62%	Added +172.1k	+172,108 50.8%
17	VANGUARD SCOTTSDALE FDS INTER TERM TREAS VGIT	VGIT	435,894	$25.7m1.40%	1.40%	Added +165.7k	+165,748 61.4%
18	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	38,539	$14.3m0.78%	0.78%	Unchanged
19	BNY MELLON ETF TRUST ULTRA SHORT INCM BKUI	BKUI	147,692	$7.4m0.40%	0.40%	Added +9.0k	+8,979 6.5%
20	CAPITAL GRP FIXED INCM ETF T ULTRA SHORT INCO CGUI	CGUI	284,915	$7.2m0.39%	0.39%	Added +100.0k	+100,000 54.1%
21	SPDR INDEX SHS FDS PORTFOLIO EMG MK SPEM	SPEM	123,770	$6.4m0.35%	0.35%	Added +61.5k	+61,500 98.8%
22	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	111,072	$6.4m0.35%	0.35%	Added +50.8k	+50,800 84.3%
23	FRANKLIN TEMPLETON ETF TR FTSE JAPAN ETF FLJP	FLJP	158,041	$6.3m0.34%	0.34%	Added +77.1k	+77,100 95.2%
24	INVESCO ACTVELY MNGD ETC FD OPTIMUM YIELD PDBC	PDBC	392,091	$6.2m0.34%	0.34%	Added +223.1k	+223,100 132.0%
25	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	8,100	$6.0m0.33%	0.33%	Reduced -339.2k	-339,230 -97.7%
26	ISHARES TR CORE HIGH DV ETF HDV	HDV	188,695	$5.2m0.28%	0.28%	Added +70.0k	+70,000 59.0%
27	VANGUARD SCOTTSDALE FDS LONG TERM TREAS VGLT	VGLT	83,744	$4.6m0.25%	0.25%	Added +13.8k	+13,822 19.8%
28	BNY MELLON ETF TRUST GLOBAL INFRASCTR BKGI	BKGI	94,680	$4.3m0.23%	0.23%	Added +26.0k	+25,968 37.8%
29	BLACKROCK ETF TRUST ISHA SYST AL ETF IALT	IALT	120,000	$3.4m0.18%	0.18%	New
30	ISHARES INC JP MRGN EM HI BD EMHY	EMHY	81,603	$3.3m0.18%	0.18%	Added +25.0k	+25,000 44.2%
31	ETFS GOLD TR PHYSCL GOLD SHS SGOL	SGOL	86,301	$3.3m0.18%	0.18%	Reduced -160.8k	-160,765 -65.1%
32	SIMPLIFY EXCHANGE TRADED FUN US EQUI PLUS ETF CTAP	CTAP	100,000	$2.6m0.14%	0.14%	New
33	NUSHARES ETF TR NUVEEN ULTRA SHT NUSB	NUSB	100,700	$2.5m0.14%	0.14%	Unchanged
34	EA SERIES TRUST FREEDOM 100 EM FRDM	FRDM	33,316	$2.4m0.13%	0.13%	Added +25.2k	+25,200 310.5%
35	INVESCO EXCH TRADED FD TR II S&P INTL MOMNT IDMO	IDMO	32,771	$2.0m0.11%	0.11%	Added +21.6k	+21,600 193.4%
36	ISHARES TR JPMORGAN USD EMG EMB	EMB	16,462	$1.6m0.09%	0.09%	Unchanged
37	NUSHARES ETF TR NUVE SECU IN ETF NSCI	NSCI	50,000	$1.3m0.07%	0.07%	Unchanged
38	JOHN HANCOCK EXCHANGE TRADED HIGH YIELD ETF JHHY	JHHY	25,281	$646.3k0.04%	0.04%	Reduced -150.0k	-150,000 -85.6%
39	PIMCO ETF TR SR LN ACTIVE ETF LONZ	LONZ	9,509	$468.9k0.03%	0.03%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
JANUS DETROIT STR TR JSI	JSI	264,409	$13.6m264.4k shares
VANGUARD INTL EQUITY INDEX F VGK	VGK	34,830	$2.9m34.8k shares
ISHARES TR IGIB	IGIB	52,464	$2.8m52.5k shares
SPDR SERIES TRUST SPYV	SPYV	41,880	$2.4m41.9k shares
BONDBLOXX ETF TRUST XCCC	XCCC	9,167	$333.7k9.2k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
SIMPLIFY EXCHANGE TRADED FUN HARD · 13G · filed 2025-03-10	HARD	100.0%≈ $3.4m	no change	13G	2025-03-10