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Asset Manager ← All Institutions

Kensington Asset Management, LLC

Q4 2025 · Filed 2026-02-13
Market Value
$1.9B
+16.0%
Holdings
43
+5
New Purchases
6
Added To
23
Closed
2
Reduced
4
Top 10 Concentration
74.0%
Turnover
18.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VUSB 2.85% 0.57% +2.28% $55M
VNLA 3.81% 3.06% +0.75% $74M
SPSM 0.60% 0.00% +0.60% $12M
PULS 4.07% 3.47% +0.60% $79M
VCSH 0.43% 0.00% +0.43% $8M
JAAA 0.42% 0.00% +0.42% $8M
USIG 0.35% 0.00% +0.35% $7M
USHY 7.40% 7.11% +0.29% $143M
VGSH 0.27% 0.00% +0.27% $5M
VOO 22.53% 22.31% +0.22% $436M
SPEM 0.57% 0.36% +0.22% $11M
SGOL 0.59% 0.38% +0.22% $12M
FLJP 0.56% 0.34% +0.22% $11M
FLTR 3.41% 3.29% +0.12% $66M
VTI 0.35% 0.27% +0.08% $7M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
QQQ 12.01% 13.24% -1.23% $232M
IWF 5.54% 6.31% -0.77% $107M
VUG 5.61% 6.35% -0.74% $109M
MGK 5.63% 6.31% -0.69% $109M
SPHY 3.99% 4.55% -0.56% $77M
IEF 0.00% 0.48% -0.48% $0
FLOT 2.86% 3.34% -0.47% $55M
HYLB 2.52% 2.94% -0.42% $49M
VGK 0.00% 0.34% -0.34% $0
ANGL 2.12% 2.43% -0.31% $41M
PYLD 2.05% 2.32% -0.27% $40M
JSI 0.96% 1.20% -0.24% $19M
JPST 3.05% 3.28% -0.24% $59M
YEAR 1.35% 1.51% -0.16% $26M
GSST 1.86% 1.97% -0.11% $36M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 4 $784M 40.5%
Large Cap 19 $675M 34.9%
Mid Cap 8 $362M 18.7%
Small Cap 7 $94M 4.9%
Micro Cap 5 $20M 1.0%

Portfolio Analytics

Avg Market Cap
$85.7B
Median Market Cap
$13.1B
Avg P/E
Median P/E
Avg Dividend Yield
—%
Avg Beta
0.55
# Stocks
0
# ETFs / Funds
43

Top Holdings (43 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VOO 22.53% 690,058 $436M $631.72 $64M +82,291 +13.5%
2 QQQ 12.01% 375,243 $232M $619.43 $12M +7,341 +2.0%
3 USHY 7.40% 3,828,128 $143M $37.43 $25M +687,678 +21.9%
4 MGK 5.63% 261,800 $109M $416.00 $4M
5 VUG 5.61% 220,810 $109M $491.69 $3M
6 IWF 5.54% 224,830 $107M $476.95 $2M
7 PULS 4.07% 1,588,148 $79M $49.58 $21M +425,761 +36.6%
8 SPHY 3.99% 3,261,605 $77M $23.69 $1M +90,675 +2.9%
9 VNLA 3.81% 1,502,049 $74M $49.14 $23M +466,093 +45.0%
10 FLTR 3.41% 2,589,451 $66M $25.45 $11M +442,359 +20.6%
11 JPST 3.05% 1,161,999 $59M $50.78 $4M +81,767 +7.6%
12 FLOT 2.86% 1,089,966 $55M $50.83 -$278K
13 VUSB 2.85% 1,105,568 $55M $49.84 $46M +916,533 +484.9%
14 HYLB 2.52% 1,322,962 $49M $36.87 -$318K
15 ANGL 2.12% 1,394,430 $41M $29.38 $420K +30,560 +2.2%
16 PYLD 2.05% 1,475,964 $40M $26.86 $905K +32,609 +2.3%
17 GSST 1.86% 708,974 $36M $50.67 $3M +61,913 +9.6%
18 YEAR 1.35% 515,597 $26M $50.69 $926K +18,111 +3.6%
19 JSI 0.96% 355,124 $19M $52.12 -$2M -28,228 -7.4%
20 SPSM 0.60% 245,342 $12M $47.44 +245,342 NEW
21 SGOL 0.59% 278,002 $12M $41.37 $5M +107,318 +62.9%
22 SPEM 0.57% 237,569 $11M $46.83 $5M +110,940 +87.6%
23 FLJP 0.56% 313,581 $11M $34.58 $5M +147,142 +88.4%
24 VCSH 0.43% 104,498 $8M $79.81 +104,498 NEW
25 JAAA 0.42% 161,644 $8M $50.57 +161,644 NEW
26 BKUI 0.36% 138,713 $7M $49.74 -$27K
27 VTI 0.35% 20,285 $7M $337.85 $2M +6,385 +45.9%
28 USIG 0.35% 129,603 $7M $51.93 +129,603 NEW
29 VGSH 0.27% 87,874 $5M $58.76 +87,874 NEW
30 CDX 0.25% 218,669 $5M $22.29 $288K +18,497 +9.2%
31 CGUI 0.24% 184,915 $5M $25.30 $2M +72,990 +65.2%
32 JHHY 0.23% 175,076 $5M $25.84 -$49K -175,076 -50.0%
33 XCCC 0.21% 107,289 $4M $38.01 -$133K
34 IGIB 0.15% 52,464 $3M $54.04 $549K +10,200 +24.1%
35 HDV 0.14% 22,450 $3M $122.24 -$11K -50 -0.2%
36 BKGI 0.14% 64,716 $3M $40.55 $917K +20,870 +47.6%
37 NUSB 0.13% 100,700 $3M $25.23 -$12K
38 SPYV 0.12% 41,880 $2M $57.20 -$475K -9,995 -19.3%
39 EMHY 0.11% 53,432 $2M $40.42 $893K +21,509 +67.4%
40 EMB 0.08% 16,462 $2M $96.47 $394K +3,920 +31.2%
41 NSCI 0.06% 50,000 $1M $25.15 +50,000 NEW
42 VGK —% -$6M -71,622 -100.0% SOLD
43 IEF —% -$8M -83,454 -100.0% SOLD

New Positions

SymbolValue% Port
SPSM $12M 0.60%
VCSH $8M 0.43%
JAAA $8M 0.42%
USIG $7M 0.35%
VGSH $5M 0.27%
NSCI $1M 0.06%

Sold Out Positions

SymbolValue% Port
IEF —%
VGK —%
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