Kensington Asset Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 29, 2024), Kensington Asset Management, LLC reported 23 stock positions worth $2.0 billion. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 23.0% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 21.9%) and iShares Broad Usd High Yield (USHY, 9.4%). Compared with Q4 2023, it opened 5 new positions, sold out of 5, added to 11 and reduced 1. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +3%) and the biggest sale an exit from Fidelity Capital & Income (FAGIX).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001979884
- Portfolio Value
- $2.0B (Q1 2024)
- SEC Filing
- 0001979884-24-000003 ↗ filed Apr 29, 2024
Holdings Value
Holdings 23 stocks · $2.0B
| QQQ Invesco QQQ Trust Series 1 | 22.95% | 1,033,915 | $459.1M | Add +3.4% |
| VOO Vanguard S&P 500 ETF | 21.92% | 912,170 | $438.5M | No change |
| USHY iShares Broad Usd High Yield | 9.45% | 5,164,550 | $189.0M | Add +1.1% |
| JNK SS SPDR BB High Yield Bond | 7.86% | 1,651,300 | $157.2M | No change |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 6.62% | 461,700 | $132.3M | Add +4.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 6.37% | 370,300 | $127.5M | No change |
| VTI VG Morningstar TS MKT ETF-US | 6.04% | 464,975 | $120.8M | Reduce -3.7% |
| ANGL Vaneck Fallen Angel High YLD | 2.80% | 1,928,500 | $56.0M | Add +5.5% |
| SPHY SS SPDR P High Yield ETF | 2.76% | 2,356,400 | $55.3M | Add +5.9% |
| SJNK SS SPDR BB St Hi Yield ETF | 2.58% | 2,048,700 | $51.7M | No change |
| BKLN Invesco Senior Loan ETF | 2.22% | 2,103,300 | $44.5M | Add +10.5% |
| SRLN SS Blackstone Sr Loan ETF | 2.02% | 960,400 | $40.4M | No change |
| HYLB Xtrackers Usd High Yield Cor | 1.93% | 1,083,000 | $38.7M | Add +5.3% |
| HYGV NT HY Val-SCRD BD ETF | 1.31% | 635,400 | $26.1M | No change |
| JPIE JPMorgan Income ETF | 0.43% | 188,250 | $8.6M | New |
| VGK Vanguard Ftse Europe ETF | 0.41% | 120,411 | $8.1M | Add +96.6% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.41% | 188,201 | $8.1M | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.40% | 131,186 | $8.1M | Add +86.2% |
| FLJP Franklin Ftse Japan ETF | 0.40% | 259,560 | $8.1M | Add +88.0% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.40% | 102,226 | $7.9M | Add +104.0% |
| IEF iShares 7-10 Year Treasury B | 0.40% | 83,589 | $7.9M | New |
| JAAA Janus Henderson Aaa Clo ETF | 0.21% | 82,603 | $4.2M | New |
| AOHY Angel Oak High Yild Oppo ETF | 0.10% | 184,331 | $2.0M | New |
Portfolio Sells Q4 2023 → Q1 2024
| FAGIX Fidelity Capital & Income | Sold out | 0.00% | −4.37 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −0.55 |
| FIQTX Fidelity Adv Cap & Inc. Class Z | Sold out | 0.00% | −0.55 |
| SGOL Abrdn Physical Gold Shares | Sold out | 0.00% | −0.20 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.10 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.7% | 6.04% | +0.08 |
Portfolio Buys Q4 2023 → Q1 2024
| QQQ Invesco QQQ Trust Series 1 | Add +3.4% | 22.95% | +1.63 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +4.5% | 6.62% | +0.65 |
| JPIE JPMorgan Income ETF | New | 0.43% | +0.43 |
| SPSM SS SPDR P S&P 600 Small Cap | New | 0.41% | +0.41 |
| IEF iShares 7-10 Year Treasury B | New | 0.40% | +0.40 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.21% | +0.21 |
| FLJP Franklin Ftse Japan ETF | Add +88.0% | 0.40% | +0.20 |
| VGK Vanguard Ftse Europe ETF | Add +96.6% | 0.41% | +0.20 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +86.2% | 0.40% | +0.20 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +104.0% | 0.40% | +0.20 |
| BKLN Invesco Senior Loan ETF | Add +10.5% | 2.22% | +0.12 |
| AOHY Angel Oak High Yild Oppo ETF | New | 0.10% | +0.10 |
| ANGL Vaneck Fallen Angel High YLD | Add +5.5% | 2.80% | +0.06 |
| SPHY SS SPDR P High Yield ETF | Add +5.9% | 2.76% | +0.05 |
| HYLB Xtrackers Usd High Yield Cor | Add +5.3% | 1.93% | +0.03 |
| USHY iShares Broad Usd High Yield | Add +1.1% | 9.45% | −0.23 |
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 |