Kensington Asset Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 21, 2026), Kensington Asset Management, LLC reported 41 stock positions worth $1.8 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 26.3% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 10.9%) and Pgim Ultra Short Bond ETF (PULS, 8.7%). Compared with Q4 2025, it opened 6 new positions, sold out of 6, added to 17 and reduced 11. The biggest buy was Vanguard Ultra Short Bond Et (VUSB, shares +158%) and the biggest sale an exit from Vngrd Mrgstr MG CP GR ETF-Ui (MGK).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001979884
- Portfolio Value
- $1.8B (Q1 2026)
- SEC Filing
- 0001979884-26-000005 ↗ filed May 21, 2026
Holdings Value
Holdings 41 stocks · $1.8B
| VOO Vanguard S&P 500 ETF | 26.35% | 809,879 | $483.9M | Add +17.4% |
| QQQ Invesco QQQ Trust Series 1 | 10.91% | 347,330 | $200.5M | Reduce -7.4% |
| PULS Pgim Ultra Short Bond ETF | 8.70% | 3,226,778 | $159.7M | Add +103.2% |
| VUSB Vanguard Ultra Short Bond Et | 7.74% | 2,853,597 | $142.1M | Add +158.1% |
| JPST JPMorgan Ultra-Short Income | 5.50% | 1,994,639 | $100.9M | Add +71.7% |
| VNLA Janus Henderson Short Durati | 5.03% | 1,891,497 | $92.4M | Add +25.9% |
| USHY iShares Broad Usd High Yield | 4.45% | 2,218,483 | $81.7M | Reduce -42.0% |
| FLOT iShares Floating Rate Bond E | 4.23% | 1,524,738 | $77.7M | Add +39.9% |
| FLTR Vaneck Ig Floating Rate ETF | 4.15% | 2,989,379 | $76.2M | Add +15.4% |
| SPHY SS SPDR P High Yield ETF | 3.97% | 3,128,978 | $73.0M | Reduce -4.1% |
| PYLD PIMCO Multisector Bond Actv | 2.41% | 1,690,431 | $44.3M | Add +14.5% |
| GSST Goldman Sachs Ultra Short Bo | 2.25% | 819,238 | $41.4M | Add +15.6% |
| HYLB Xtrackers Usd High Yield Cor | 2.21% | 1,122,962 | $40.6M | Reduce -15.1% |
| YEAR AB Ultra Short Income ETF filed as AB ACTIVE ETFS INC | 1.98% | 719,794 | $36.3M | Add +39.6% |
| ANGL Vaneck Fallen Angel High YLD | 1.95% | 1,244,430 | $35.7M | Reduce -10.8% |
| JAAA Janus Henderson Aaa Clo ETF | 1.22% | 443,949 | $22.4M | Add +174.7% |
| VGSH Vanguard Short-Term Treasury | 1.08% | 338,906 | $19.8M | Add +285.7% |
| VGIT Vanguard Intermediate-Term T | 0.88% | 270,146 | $16.1M | New |
| JSI JH Securitized Income ETF | 0.74% | 264,409 | $13.6M | Reduce -25.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.67% | 38,539 | $12.4M | Add +90.0% |
| SGOL Abrdn Physical Gold Shares | 0.60% | 247,066 | $11.0M | Reduce -11.1% |
| BKUI BNY Mellon Ultr SHRT Inc. ETF | 0.38% | 138,713 | $6.9M | No change |
| CGUI Cap Group Ultra Short Income | 0.25% | 184,915 | $4.7M | No change |
| JHHY John Hancock High Yield ETF | 0.24% | 175,281 | $4.4M | Add +0.1% |
| VGLT Vanguard Long-Term Treasury | 0.21% | 69,922 | $3.9M | New |
| HDV iShares Core High Dividend E | 0.18% | 23,739 | $3.2M | Add +5.7% |
| BKGI BNY Mellon GLBL Infra Inc. | 0.17% | 68,712 | $3.1M | Add +6.2% |
| FLJP Franklin Ftse Japan ETF | 0.16% | 80,941 | $2.9M | Reduce -74.2% |
| PDBC Invesco Optimum Yield Divers | 0.16% | 168,991 | $2.9M | New |
| SPEM State Street SP PTF Em ETF | 0.16% | 62,270 | $2.9M | Reduce -73.8% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.16% | 60,272 | $2.9M | Reduce -75.4% |
| VGK Vanguard Ftse Europe ETF | 0.16% | 34,830 | $2.9M | New |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.15% | 52,464 | $2.8M | No change |
| NUSB Nuveen Ultra Short Income | 0.14% | 100,700 | $2.5M | No change |
| SPYV SS SPDR P S&P 500 Value ETF | 0.13% | 41,880 | $2.4M | No change |
| EMHY iShares J.P. Morgan Em High | 0.12% | 56,603 | $2.2M | Add +5.9% |
| EMB iShares JP Morgan Usd Emergi | 0.08% | 16,462 | $1.5M | No change |
| NSCI Nuveen Securitized Incom ETF | 0.07% | 50,000 | $1.3M | No change |
| IDMO Invesco S&P International DE | 0.03% | 11,171 | $613K | New |
| FRDM Freedom 100 Emeging MRKT ETF | 0.02% | 8,116 | $444K | New |
| XCCC Bondbloxx-CCC-Usd HY Corp. BD | 0.02% | 9,167 | $334K | Reduce -91.5% |
Options reported separately and not counted above: GLD puts ($73K).
Portfolio Sells Q4 2025 → Q1 2026
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Sold out | 0.00% | −5.63 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −5.61 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −5.54 |
| USHY iShares Broad Usd High Yield | Reduce -42.0% | 4.45% | −2.95 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -7.4% | 10.91% | −1.10 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -75.4% | 0.16% | −0.44 |
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −0.43 |
| SPEM State Street SP PTF Em ETF | Reduce -73.8% | 0.16% | −0.42 |
| FLJP Franklin Ftse Japan ETF | Reduce -74.2% | 0.16% | −0.40 |
| USIG iShares Broad Usd Investment | Sold out | 0.00% | −0.35 |
| HYLB Xtrackers Usd High Yield Cor | Reduce -15.1% | 2.21% | −0.31 |
| CDX Simplify High Yield ETF | Sold out | 0.00% | −0.25 |
| JSI JH Securitized Income ETF | Reduce -25.5% | 0.74% | −0.21 |
| XCCC Bondbloxx-CCC-Usd HY Corp. BD | Reduce -91.5% | 0.02% | −0.19 |
| ANGL Vaneck Fallen Angel High YLD | Reduce -10.8% | 1.95% | −0.17 |
| SPHY SS SPDR P High Yield ETF | Reduce -4.1% | 3.97% | −0.02 |
| SGOL Abrdn Physical Gold Shares | Reduce -11.1% | 0.60% | +0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| VUSB Vanguard Ultra Short Bond Et | Add +158.1% | 7.74% | +4.89 |
| PULS Pgim Ultra Short Bond ETF | Add +103.2% | 8.70% | +4.63 |
| VOO Vanguard S&P 500 ETF | Add +17.4% | 26.35% | +3.82 |
| JPST JPMorgan Ultra-Short Income | Add +71.7% | 5.50% | +2.45 |
| FLOT iShares Floating Rate Bond E | Add +39.9% | 4.23% | +1.37 |
| VNLA Janus Henderson Short Durati | Add +25.9% | 5.03% | +1.22 |
| VGIT Vanguard Intermediate-Term T | New | 0.88% | +0.88 |
| VGSH Vanguard Short-Term Treasury | Add +285.7% | 1.08% | +0.81 |
| JAAA Janus Henderson Aaa Clo ETF | Add +174.7% | 1.22% | +0.80 |
| FLTR Vaneck Ig Floating Rate ETF | Add +15.4% | 4.15% | +0.74 |
| YEAR AB Ultra Short Income ETF | Add +39.6% | 1.98% | +0.63 |
| GSST Goldman Sachs Ultra Short Bo | Add +15.6% | 2.25% | +0.40 |
| PYLD PIMCO Multisector Bond Actv | Add +14.5% | 2.41% | +0.36 |
| VTI VG Morningstar TS MKT ETF-US | Add +90.0% | 0.67% | +0.32 |
| VGLT Vanguard Long-Term Treasury | New | 0.21% | +0.21 |
| PDBC Invesco Optimum Yield Divers | New | 0.16% | +0.16 |
| VGK Vanguard Ftse Europe ETF | New | 0.16% | +0.16 |
| HDV iShares Core High Dividend E | Add +5.7% | 0.18% | +0.03 |
| IDMO Invesco S&P International DE | New | 0.03% | +0.03 |
| BKGI BNY Mellon GLBL Infra Inc. | Add +6.2% | 0.17% | +0.03 |
| FRDM Freedom 100 Emeging MRKT ETF | New | 0.02% | +0.02 |
| EMHY iShares J.P. Morgan Em High | Add +5.9% | 0.12% | +0.01 |
| JHHY John Hancock High Yield ETF | Add +0.1% | 0.24% | +0.01 |
Options Activity Q4 2025 → Q1 2026
| GLD SPDR Gold Shares | put | New | 14,500 | $73K |
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 |