Kensington Asset Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 12, 2026), Kensington Asset Management, LLC reported 39 stock positions worth $1.8 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 22.8% of the portfolio, followed by Pgim Ultra Short Bond ETF (PULS, 11.9%) and Vanguard Ultra Short Bond Et (VUSB, 11.2%). Compared with Q1 2026, it opened 3 new positions, sold out of 5, added to 26 and reduced 5. The biggest buy was Vanguard Ultra Short Bond Et (VUSB, shares +45%) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001979884
- Portfolio Value
- $1.8B (Q2 2026)
- SEC Filing
- 0001979884-26-000006 ↗ filed Aug 12, 2026
Holdings Value
Holdings 39 stocks · $1.8B
| VOO Vanguard S&P 500 ETF | 22.84% | 609,865 | $418.9M | Reduce -24.7% |
| PULS Pgim Ultra Short Bond ETF | 11.91% | 4,407,675 | $218.4M | Add +36.6% |
| VUSB Vanguard Ultra Short Bond Et | 11.20% | 4,125,497 | $205.4M | Add +44.6% |
| JPST JPMorgan Ultra-Short Income | 7.45% | 2,701,053 | $136.6M | Add +35.4% |
| FLOT iShares Floating Rate Bond E | 5.85% | 2,101,238 | $107.3M | Add +37.8% |
| VNLA Janus Henderson Short Durati | 5.40% | 2,028,176 | $99.1M | Add +7.2% |
| FLTR Vaneck Ig Floating Rate ETF | 4.63% | 3,314,952 | $84.9M | Add +10.9% |
| SPHY SS SPDR P High Yield ETF | 4.41% | 3,453,978 | $81.0M | Add +10.4% |
| USHY iShares Broad Usd High Yield | 4.32% | 2,140,983 | $79.3M | Reduce -3.5% |
| HYLB Xtrackers Usd High Yield Cor | 2.53% | 1,272,962 | $46.5M | Add +13.4% |
| PYLD PIMCO Multisector Bond Actv | 2.52% | 1,740,431 | $46.2M | Add +3.0% |
| GSST Goldman Sachs Ultra Short Bo | 2.50% | 905,991 | $45.8M | Add +10.6% |
| YEAR AB Ultra Short Income ETF filed as AB ACTIVE ETFS INC | 2.39% | 869,794 | $43.8M | Add +20.8% |
| ANGL Vaneck Fallen Angel High YLD | 1.98% | 1,244,430 | $36.4M | No change |
| JAAA Janus Henderson Aaa Clo ETF | 1.72% | 623,470 | $31.5M | Add +40.4% |
| VGSH Vanguard Short-Term Treasury | 1.62% | 511,014 | $29.7M | Add +50.8% |
| VGIT Vanguard Intermediate-Term T | 1.40% | 435,894 | $25.7M | Add +61.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.78% | 38,539 | $14.3M | No change |
| BKUI BNY Mellon Ultr SHRT Inc. ETF | 0.40% | 147,692 | $7.4M | Add +6.5% |
| CGUI Cap Group Ultra Short Income | 0.39% | 284,915 | $7.2M | Add +54.1% |
| SPEM State Street SP PTF Em ETF | 0.35% | 123,770 | $6.4M | Add +98.8% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.35% | 111,072 | $6.4M | Add +84.3% |
| FLJP Franklin Ftse Japan ETF | 0.34% | 158,041 | $6.3M | Add +95.3% |
| PDBC Invesco Optimum Yield Divers | 0.34% | 392,091 | $6.2M | Add +132.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.33% | 8,100 | $6.0M | Reduce -97.7% |
| HDV iShares Core High Dividend E | 0.28% | 188,695 | $5.2M | Add +59.0% |
| VGLT Vanguard Long-Term Treasury | 0.25% | 83,744 | $4.6M | Add +19.8% |
| BKGI BNY Mellon GLBL Infra Inc. | 0.23% | 94,680 | $4.3M | Add +37.8% |
| IALT Ishrs SYS Alt Act ETF | 0.18% | 120,000 | $3.4M | New |
| EMHY iShares J.P. Morgan Em High | 0.18% | 81,603 | $3.3M | Add +44.2% |
| SGOL Abrdn Physical Gold Shares | 0.18% | 86,301 | $3.3M | Reduce -65.1% |
| CTAP Simplify US Eq Plus MGD Fut | 0.14% | 100,000 | $2.6M | New |
| NUSB Nuveen Ultra Short Income | 0.14% | 100,700 | $2.5M | No change |
| FRDM Freedom 100 Emeging MRKT ETF | 0.13% | 33,316 | $2.4M | Add +310.5% |
| IDMO Invesco S&P International DE | 0.11% | 32,771 | $2.0M | Add +193.4% |
| EMB iShares JP Morgan Usd Emergi | 0.09% | 16,462 | $1.6M | No change |
| NSCI Nuveen Securitized Incom ETF | 0.07% | 50,000 | $1.3M | No change |
| JHHY John Hancock High Yield ETF | 0.04% | 25,281 | $646K | Reduce -85.6% |
| LONZ PIMCO Senior Loan Active ETF | 0.03% | 9,509 | $469K | New |
Portfolio Sells Q1 2026 → Q2 2026
| QQQ Invesco QQQ Trust Series 1 | Reduce -97.7% | 0.33% | −10.59 |
| VOO Vanguard S&P 500 ETF | Reduce -24.7% | 22.84% | −3.51 |
| JSI JH Securitized Income ETF | Sold out | 0.00% | −0.74 |
| SGOL Abrdn Physical Gold Shares | Reduce -65.1% | 0.18% | −0.42 |
| JHHY John Hancock High Yield ETF | Reduce -85.6% | 0.04% | −0.21 |
| VGK Vanguard Ftse Europe ETF | Sold out | 0.00% | −0.16 |
| IGIB iShares 5-10Y Inv Grade Corp. | Sold out | 0.00% | −0.15 |
| SPYV SS SPDR P S&P 500 Value ETF | Sold out | 0.00% | −0.13 |
| USHY iShares Broad Usd High Yield | Reduce -3.5% | 4.32% | −0.13 |
| XCCC Bondbloxx-CCC-Usd HY Corp. BD | Sold out | 0.00% | −0.02 |
Portfolio Buys Q1 2026 → Q2 2026
| VUSB Vanguard Ultra Short Bond Et | Add +44.6% | 11.20% | +3.46 |
| PULS Pgim Ultra Short Bond ETF | Add +36.6% | 11.91% | +3.21 |
| JPST JPMorgan Ultra-Short Income | Add +35.4% | 7.45% | +1.95 |
| FLOT iShares Floating Rate Bond E | Add +37.8% | 5.85% | +1.62 |
| VGSH Vanguard Short-Term Treasury | Add +50.8% | 1.62% | +0.54 |
| VGIT Vanguard Intermediate-Term T | Add +61.4% | 1.40% | +0.53 |
| JAAA Janus Henderson Aaa Clo ETF | Add +40.4% | 1.72% | +0.50 |
| FLTR Vaneck Ig Floating Rate ETF | Add +10.9% | 4.63% | +0.48 |
| SPHY SS SPDR P High Yield ETF | Add +10.4% | 4.41% | +0.44 |
| YEAR AB Ultra Short Income ETF | Add +20.8% | 2.39% | +0.41 |
| VNLA Janus Henderson Short Durati | Add +7.2% | 5.40% | +0.37 |
| HYLB Xtrackers Usd High Yield Cor | Add +13.4% | 2.53% | +0.32 |
| GSST Goldman Sachs Ultra Short Bo | Add +10.6% | 2.50% | +0.24 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +84.3% | 0.35% | +0.19 |
| SPEM State Street SP PTF Em ETF | Add +98.8% | 0.35% | +0.19 |
| IALT Ishrs SYS Alt Act ETF | New | 0.18% | +0.18 |
| FLJP Franklin Ftse Japan ETF | Add +95.3% | 0.34% | +0.18 |
| PDBC Invesco Optimum Yield Divers | Add +132.0% | 0.34% | +0.18 |
| CTAP Simplify US Eq Plus MGD Fut | New | 0.14% | +0.14 |
| CGUI Cap Group Ultra Short Income | Add +54.1% | 0.39% | +0.14 |
| FRDM Freedom 100 Emeging MRKT ETF | Add +310.5% | 0.13% | +0.11 |
| HDV iShares Core High Dividend E | Add +59.0% | 0.28% | +0.11 |
| PYLD PIMCO Multisector Bond Actv | Add +3.0% | 2.52% | +0.11 |
| IDMO Invesco S&P International DE | Add +193.4% | 0.11% | +0.07 |
| BKGI BNY Mellon GLBL Infra Inc. | Add +37.8% | 0.23% | +0.07 |
| EMHY iShares J.P. Morgan Em High | Add +44.2% | 0.18% | +0.06 |
| VGLT Vanguard Long-Term Treasury | Add +19.8% | 0.25% | +0.04 |
| LONZ PIMCO Senior Loan Active ETF | New | 0.03% | +0.03 |
| BKUI BNY Mellon Ultr SHRT Inc. ETF | Add +6.5% | 0.40% | +0.02 |
Options Activity Q1 2026 → Q2 2026
| GLD SPDR Gold Shares | put | Sold out | 14,500 | $73Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 39 | $1.8B | VOO, PULS, VUSB, JPST, FLOT |
| Q1 2026Amended | 41 | $1.8B | VOO, QQQ, PULS, VUSB, JPST |
| Q4 2025 | 41 | $1.9B | VOO, QQQ, USHY, MGK, VUG |
| Q3 2025 | 37 | $1.7B | VOO, QQQ, USHY, VUG, MGK |
| Q2 2025 | 29 | $1.3B | VOO, QQQ, USHY, MGK, IWF |
| Q1 2025 | 29 | $951.5M | USHY, JNK, VOO, SPHY, ANGL |
| Q4 2024 | 26 | $1.7B | QQQ, VOO, USHY, JNK, SPHY |
| Q3 2024 | 30 | $1.8B | VOO, QQQ, USHY, JNK, SPHY |
| Q2 2024Amended | 20 | $926.6M | JAAA, USHY, JNK, BKLN, SPHY |
| Q1 2024 | 23 | $2.0B | QQQ, VOO, USHY, JNK, MGK |