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Asset Manager ← All Institutions

Kensington Asset Management, LLC

Q3 2025 · Filed 2025-11-12
Market Value
$1.7B
+26.0%
Holdings
38
-6
New Purchases
9
Added To
20
Closed
1
Reduced
5
Top 10 Concentration
76.3%
Turnover
26.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PULS 3.47% 0.00% +3.47% $58M
JPST 3.28% 0.28% +3.01% $55M
FLOT 3.34% 1.13% +2.21% $56M
VNLA 3.06% 1.30% +1.76% $51M
FLTR 3.29% 1.82% +1.47% $55M
YEAR 1.51% 0.38% +1.13% $25M
SGOL 0.38% 0.00% +0.38% $6M
VUSB 0.57% 0.26% +0.31% $9M
CDX 0.27% 0.00% +0.27% $5M
VTI 0.27% 0.00% +0.27% $5M
JHHY 0.27% 0.05% +0.23% $5M
XCCC 0.25% 0.03% +0.22% $4M
SPYV 0.17% 0.00% +0.17% $3M
GSST 1.97% 1.80% +0.17% $33M
HDV 0.17% 0.00% +0.17% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
USHY 7.11% 10.75% -3.64% $119M
HYLB 2.94% 5.27% -2.33% $49M
QQQ 13.24% 15.28% -2.04% $221M
SPHY 4.55% 5.97% -1.42% $76M
VOO 22.31% 23.57% -1.26% $372M
MGK 6.31% 7.24% -0.92% $105M
IWF 6.31% 7.21% -0.90% $105M
VUG 6.35% 7.21% -0.86% $106M
PYLD 2.32% 3.02% -0.70% $39M
ANGL 2.43% 3.02% -0.58% $41M
IEF 0.48% 1.06% -0.58% $8M
JSI 1.20% 1.49% -0.29% $20M
USMV 0.00% 0.17% -0.17% $0
BKUI 0.42% 0.51% -0.10% $7M
BKGI 0.10% 0.12% -0.02% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 4 $704M 42.2%
Large Cap 15 $585M 35.1%
Mid Cap 8 $273M 16.3%
Small Cap 7 $90M 5.4%
Micro Cap 4 $17M 1.0%

Portfolio Analytics

Avg Market Cap
$93.9B
Median Market Cap
$9.9B
Avg P/E
Median P/E
Avg Dividend Yield
—%
Avg Beta
0.56
# Stocks
0
# ETFs / Funds
38

Top Holdings (38 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VOO 22.31% 607,767 $372M $612.38 $60M +58,174 +10.6%
2 QQQ 13.24% 367,902 $221M $600.37 $18M +1,021 +0.3%
3 USHY 7.11% 3,140,450 $119M $37.78 -$24M -655,000 -17.3%
4 VUG 6.35% 220,810 $106M $479.61 $10M +3,100 +1.4%
5 MGK 6.31% 261,800 $105M $402.42 $9M
6 IWF 6.31% 224,830 $105M $468.41 $10M
7 SPHY 4.55% 3,170,930 $76M $23.94 -$3M -152,090 -4.6%
8 PULS 3.47% 1,162,387 $58M $49.83 +1,162,387 NEW
9 FLOT 3.34% 1,089,966 $56M $51.08 $41M +796,483 +271.4%
10 FLTR 3.29% 2,147,092 $55M $25.57 $31M +1,199,594 +126.6%
11 JPST 3.28% 1,080,232 $55M $50.73 $51M +1,007,375 +1382.7%
12 VNLA 3.06% 1,035,956 $51M $49.29 $34M +687,149 +197.0%
13 HYLB 2.94% 1,322,962 $49M $37.11 -$21M -566,838 -30.0%
14 ANGL 2.43% 1,363,870 $41M $29.73 $614K
15 PYLD 2.32% 1,443,355 $39M $26.84 -$1M -64,599 -4.3%
16 GSST 1.97% 647,061 $33M $50.70 $9M +176,794 +37.6%
17 YEAR 1.51% 497,486 $25M $50.67 $20M +397,355 +396.8%
18 JSI 1.20% 383,352 $20M $52.27 $299K +8,237 +2.2%
19 VUSB 0.57% 189,035 $9M $50.00 $6M +119,945 +173.6%
20 IEF 0.48% 83,454 $8M $96.46 -$6M -63,421 -43.2%
21 BKUI 0.42% 138,713 $7M $49.94 $158K +3,010 +2.2%
22 SGOL 0.38% 170,684 $6M $36.81 +170,684 NEW
23 SPEM 0.36% 126,629 $6M $46.81 $2M +33,256 +35.6%
24 FLJP 0.34% 166,439 $6M $34.56 $2M +46,267 +38.5%
25 VGK 0.34% 71,622 $6M $79.80 $2M +21,885 +44.0%
26 CDX 0.27% 200,172 $5M $22.91 +200,172 NEW
27 JHHY 0.27% 350,152 $5M $13.06 $4M +325,152 +1300.6%
28 VTI 0.27% 13,900 $5M $328.17 +13,900 NEW
29 XCCC 0.25% 107,289 $4M $39.25 $4M +96,383 +883.8%
30 SPYV 0.17% 51,875 $3M $55.33 +51,875 NEW
31 CGUI 0.17% 111,925 $3M $25.30 $1M +51,994 +86.8%
32 HDV 0.17% 22,500 $3M $122.45 +22,500 NEW
33 NUSB 0.15% 100,700 $3M $25.34 +100,700 NEW
34 IGIB 0.14% 42,264 $2M $54.09 +42,264 NEW
35 BKGI 0.10% 43,846 $2M $38.93 $147K +4,126 +10.4%
36 EMHY 0.08% 31,923 $1M $39.69 +31,923 NEW
37 EMB 0.07% 12,542 $1M $95.19 $205K +1,862 +17.4%
38 USMV —% -$2M -23,980 -100.0% SOLD

New Positions

SymbolValue% Port
PULS $58M 3.47%
SGOL $6M 0.38%
CDX $5M 0.27%
VTI $5M 0.27%
SPYV $3M 0.17%
HDV $3M 0.17%
NUSB $3M 0.15%
IGIB $2M 0.14%
EMHY $1M 0.08%

Sold Out Positions

SymbolValue% Port
USMV —%
View SEC EDGAR Filings for Kensington Asset Management, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms