Kensington Asset Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Kensington Asset Management, LLC reported 26 stock positions worth $1.7 billion. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 24.2% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 23.9%) and iShares Broad Usd High Yield (USHY, 10.2%). Compared with Q3 2024, it opened 2 new positions, sold out of 6, added to 3 and reduced 12. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +18%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −22%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001979884
- Portfolio Value
- $1.7B (Q4 2024)
- SEC Filing
- 0001979884-25-000001 ↗ filed Feb 13, 2025
Holdings Value
Holdings 26 stocks · $1.7B
| QQQ Invesco QQQ Trust Series 1 | 24.20% | 807,758 | $413.0M | Add +18.1% |
| VOO Vanguard S&P 500 ETF | 23.93% | 757,614 | $408.2M | Reduce -21.8% |
| USHY iShares Broad Usd High Yield | 10.21% | 4,734,160 | $174.2M | No change |
| JNK SS SPDR BB High Yield Bond | 6.36% | 1,136,980 | $108.5M | Reduce -9.6% |
| SPHY SS SPDR P High Yield ETF | 5.75% | 4,179,100 | $98.1M | No change |
| JAAA Janus Henderson Aaa Clo ETF | 4.37% | 1,469,882 | $74.5M | No change |
| ANGL Vaneck Fallen Angel High YLD | 3.98% | 2,369,726 | $67.9M | No change |
| SRLN SS Blackstone Sr Loan ETF | 3.04% | 1,244,811 | $51.9M | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.61% | 108,320 | $44.5M | Reduce -15.3% |
| SJNK SS SPDR BB St Hi Yield ETF | 2.15% | 1,450,000 | $36.6M | Reduce -15.3% |
| IWF iShares Russell 1000 Growth | 2.09% | 88,650 | $35.6M | Reduce -32.3% |
| HYLB Xtrackers Usd High Yield Cor | 2.05% | 970,000 | $35.0M | Reduce -19.8% |
| BKLN Invesco Senior Loan ETF | 1.86% | 1,503,940 | $31.7M | No change |
| JBBB Janus Henderson B-BBB Clo Et | 1.44% | 500,448 | $24.6M | Add +11.1% |
| HYGV NT HY Val-SCRD BD ETF | 1.24% | 518,700 | $21.1M | No change |
| LONZ PIMCO Senior Loan Active ETF | 0.80% | 265,476 | $13.6M | Add +693.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.69% | 128,143 | $11.7M | New |
| PYLD PIMCO Multisector Bond Actv | 0.68% | 446,181 | $11.6M | Reduce -41.5% |
| FLHY Franklin High Yield Corporat | 0.56% | 400,450 | $9.6M | No change |
| SGOL Abrdn Physical Gold Shares | 0.42% | 289,371 | $7.2M | Reduce -8.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.42% | 91,824 | $7.2M | New |
| IEF iShares 7-10 Year Treasury B | 0.42% | 77,817 | $7.2M | Reduce -21.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.42% | 104,072 | $7.2M | Reduce -13.2% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.19% | 72,087 | $3.2M | Reduce -59.7% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.09% | 4,500 | $1.5M | Reduce -96.9% |
| JHHY John Hancock High Yield ETF | 0.04% | 25,000 | $636K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| VOO Vanguard S&P 500 ETF | Reduce -21.8% | 23.93% | −3.86 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Reduce -96.9% | 0.09% | −2.49 |
| IWF iShares Russell 1000 Growth | Reduce -32.3% | 2.09% | −0.60 |
| SPEM State Street SP PTF Em ETF | Sold out | 0.00% | −0.43 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.43 |
| PYLD PIMCO Multisector Bond Actv | Reduce -41.5% | 0.68% | −0.42 |
| HYLB Xtrackers Usd High Yield Cor | Reduce -19.8% | 2.05% | −0.36 |
| JNK SS SPDR BB High Yield Bond | Reduce -9.6% | 6.36% | −0.28 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -15.3% | 2.15% | −0.25 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -59.7% | 0.19% | −0.25 |
| AOHY Angel Oak High Yild Oppo ETF | Sold out | 0.00% | −0.12 |
| IEF iShares 7-10 Year Treasury B | Reduce -21.3% | 0.42% | −0.09 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -15.3% | 2.61% | −0.08 |
| HDV iShares Core High Dividend E | Sold out | 0.00% | −0.08 |
| SPLV Invesco S&P 500 Low Volatili | Sold out | 0.00% | −0.07 |
| SGOL Abrdn Physical Gold Shares | Reduce -8.2% | 0.42% | −0.03 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -13.2% | 0.42% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
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 |