Kensington Asset Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Kensington Asset Management, LLC reported 20 stock positions worth $926.6 million. Its top holding was Janus Henderson Aaa Clo ETF (JAAA) at 16.4% of the portfolio, followed by iShares Broad Usd High Yield (USHY, 15.2%) and SS SPDR BB High Yield Bond (JNK, 13.9%). Compared with Q1 2024, it opened 3 new positions, sold out of 6, added to 6 and reduced 11. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +3520%) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001979884
- Portfolio Value
- $926.6M (Q2 2024)
- SEC Filing
- 0001979884-24-000006 ↗ filed Aug 13, 2024
Holdings Value
Holdings 20 stocks · $926.6M
| JAAA Janus Henderson Aaa Clo ETF | 16.42% | 2,990,348 | $152.1M | Add +3520.1% |
| USHY iShares Broad Usd High Yield | 15.17% | 3,874,790 | $140.6M | Reduce -25.0% |
| JNK SS SPDR BB High Yield Bond | 13.87% | 1,363,800 | $128.6M | Reduce -17.4% |
| BKLN Invesco Senior Loan ETF | 9.50% | 4,185,450 | $88.1M | Add +99.0% |
| SPHY SS SPDR P High Yield ETF | 9.47% | 3,779,100 | $87.8M | Add +60.4% |
| SRLN SS Blackstone Sr Loan ETF | 9.25% | 2,051,500 | $85.8M | Add +113.6% |
| ANGL Vaneck Fallen Angel High YLD | 6.85% | 2,242,100 | $63.5M | Add +16.3% |
| HYLB Xtrackers Usd High Yield Cor | 4.63% | 1,209,900 | $42.9M | Add +11.7% |
| SJNK SS SPDR BB St Hi Yield ETF | 4.61% | 1,712,500 | $42.8M | Reduce -16.4% |
| HYGV NT HY Val-SCRD BD ETF | 2.31% | 528,700 | $21.4M | Reduce -16.8% |
| JBBB Janus Henderson B-BBB Clo Et | 2.06% | 387,790 | $19.1M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.86% | 16,539 | $7.9M | Reduce -98.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.83% | 119,849 | $7.7M | Reduce -8.6% |
| SGOL Abrdn Physical Gold Shares | 0.78% | 326,867 | $7.3M | New |
| VGK Vanguard Ftse Europe ETF | 0.77% | 106,684 | $7.1M | Reduce -11.4% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.77% | 170,965 | $7.1M | Reduce -9.2% |
| FLJP Franklin Ftse Japan ETF | 0.76% | 246,022 | $7.1M | Reduce -5.2% |
| IEF iShares 7-10 Year Treasury B | 0.54% | 53,784 | $5.0M | Reduce -35.7% |
| VOO Vanguard S&P 500 ETF | 0.43% | 8,000 | $4.0M | Reduce -99.1% |
| HDV iShares Core High Dividend E | 0.11% | 9,300 | $1.0M | New |
Portfolio Sells Q1 2024 → Q2 2024
| QQQ Invesco QQQ Trust Series 1 | Reduce -98.4% | 0.86% | −22.10 |
| VOO Vanguard S&P 500 ETF | Reduce -99.1% | 0.43% | −21.49 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Sold out | 0.00% | −6.62 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −6.37 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −6.04 |
| JPIE JPMorgan Income ETF | Sold out | 0.00% | −0.43 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.40 |
| AOHY Angel Oak High Yild Oppo ETF | Sold out | 0.00% | −0.10 |
| IEF iShares 7-10 Year Treasury B | Reduce -35.7% | 0.54% | +0.15 |
| FLJP Franklin Ftse Japan ETF | Reduce -5.2% | 0.76% | +0.36 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -9.2% | 0.77% | +0.36 |
| VGK Vanguard Ftse Europe ETF | Reduce -11.4% | 0.77% | +0.36 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -8.6% | 0.83% | +0.42 |
| HYGV NT HY Val-SCRD BD ETF | Reduce -16.8% | 2.31% | +1.00 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -16.4% | 4.61% | +2.03 |
| USHY iShares Broad Usd High Yield | Reduce -25.0% | 15.17% | +5.72 |
| JNK SS SPDR BB High Yield Bond | Reduce -17.4% | 13.87% | +6.01 |
Portfolio Buys Q1 2024 → Q2 2024
| JAAA Janus Henderson Aaa Clo ETF | Add +3520.1% | 16.42% | +16.21 |
| BKLN Invesco Senior Loan ETF | Add +99.0% | 9.50% | +7.28 |
| SRLN SS Blackstone Sr Loan ETF | Add +113.6% | 9.25% | +7.23 |
| SPHY SS SPDR P High Yield ETF | Add +60.4% | 9.47% | +6.71 |
| ANGL Vaneck Fallen Angel High YLD | Add +16.3% | 6.85% | +4.05 |
| HYLB Xtrackers Usd High Yield Cor | Add +11.7% | 4.63% | +2.70 |
| JBBB Janus Henderson B-BBB Clo Et | New | 2.06% | +2.06 |
| SGOL Abrdn Physical Gold Shares | New | 0.78% | +0.78 |
| HDV iShares Core High Dividend E | New | 0.11% | +0.11 |
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 |