1y return+10.0%S&P 500 +20.9%
3y return+36.3%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since March 31, 2023: $153 against $182 in the S&P 500.2
Kensington Asset Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VOOVanguard Index Fds | $418.9M | 22.8% | −24.7% |
| PULSPgim Etf Tr | $218.4M | 11.9% | +36.6% |
| VUSBVanguard Bd Index Fds | $205.4M | 11.2% | +44.6% |
| JPSTJ P Morgan Exchange Traded F | $136.6M | 7.4% | +35.4% |
| FLOTIshares Tr | $107.3M | 5.8% | +37.8% |
| VNLAJanus Detroit Str Tr | $99.1M | 5.4% | +7.2% |
| FLTRVaneck Etf Trust | $84.9M | 4.6% | +10.9% |
| SPHYSpdr Series Trust | $81.0M | 4.4% | +10.4% |
| USHYIshares Tr | $79.3M | 4.3% | −3.5% |
| HYLBDbx Etf Tr | $46.5M | 2.5% | +13.4% |
| PYLDPimco Etf Tr | $46.2M | 2.5% | +3.0% |
| GSSTGoldman Sachs Etf Tr | $45.8M | 2.5% | +10.6% |
| YEARAb Active Etfs Inc | $43.8M | 2.4% | +20.8% |
| ANGLVaneck Etf Trust | $36.4M | 2.0% | |
| JAAAJanus Detroit Str Tr | $31.5M | 1.7% | +40.4% |
| VGSHVanguard Scottsdale Fds | $29.7M | 1.6% | +50.8% |
| VGITVanguard Scottsdale Fds | $25.7M | 1.4% | +61.4% |
| VTIVanguard Index Fds | $14.3M | 0.8% | |
| BKUIBny Mellon Etf Trust | $7.4M | 0.4% | +6.5% |
| CGUICapital Grp Fixed Incm Etf T | $7.2M | 0.4% | +54.1% |
| SPEMSpdr Index Shs Fds | $6.4M | 0.3% | +98.8% |
| SPSMSpdr Series Trust | $6.4M | 0.3% | +84.3% |
| FLJPFranklin Templeton Etf Tr | $6.3M | 0.3% | +95.3% |
| PDBCInvesco Actvely Mngd Etc Fd | $6.2M | 0.3% | +132.0% |
| QQQInvesco Qqq Tr | $6.0M | 0.3% | −97.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| VOOVanguard Index Fds | March 31, 2023 | +82.6% | $418.9M |
| QQQInvesco Qqq Tr | June 30, 2025 | +33.5% | $6.0M |
| FRDMEa Series Trust | March 31, 2026 | +33.4% | $2.4M |
| FLJPFranklin Templeton Etf Tr | June 30, 2025 | +23.6% | $6.3M |
| SPSMSpdr Series Trust | December 31, 2025 | +23.1% | $6.4M |
| SPEMSpdr Index Shs Fds | June 30, 2025 | +21.2% | $6.4M |
| BKGIBny Mellon Etf Trust | June 30, 2025 | +14.5% | $4.3M |
| VTIVanguard Index Fds | September 30, 2025 | +12.8% | $14.3M |
| HDVIshares Tr | September 30, 2025 | +11.9% | $5.2M |
| IDMOInvesco Exch Traded Fd Tr II | March 31, 2026 | +9.9% | $2.0M |
Sold off last quarter
- JSIJanus Detroit Str Tr was $13.6M
- VGKVanguard Intl Equity Index F was $2.9M
- IGIBIshares Tr was $2.8M
- SPYVSpdr Series Trust was $2.4M
- XCCCBondbloxx Etf Trust was $334K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +7.2% | +14.8% |
| March 31, 2026 | −3.8% | −4.6% |
| December 31, 2025 | +1.0% | +2.4% |
| September 30, 2025 | +5.6% | +7.8% |
| June 30, 2025 | +2.8% | +10.5% |
| March 31, 2025 | −3.6% | −4.6% |
| December 31, 2024 | +1.1% | +2.1% |
| September 30, 2024 | +2.5% | +5.4% |
| June 30, 2024 | +3.7% | +4.0% |
| March 31, 2024 | +6.3% | +10.0% |
| December 31, 2023 | +12.6% | +11.2% |
| September 30, 2023 | −2.7% | −3.6% |
| June 30, 2023 | +12.3% | +8.3% |
| September 30, 2022 | +1.3% | −5.3% |
| June 30, 2022 | −17.8% | −16.5% |
| March 31, 2022 | −7.5% | −4.9% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Kensington Asset Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1979884&type=13F-HR&dateb=&owner=include&count=40CIK 1979884
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1979884/000197988426000006/Filed August 12, 2026 · accession 0001979884-26-000006