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Kensington Asset Management, LLC

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13F filer, CIK 1979884, AUSTIN, TX

Kensington Asset Management, LLC reported $1,324,467,230 across 29 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-12. Its ten largest share positions make up 88.53% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001979884-25-000007

The filing omits holdings under a confidential treatment request (H8). A later amendment may add them.

Period
2025-06-30
Reported value
$1.32B
Holdings
29
Top 10 weight
88.53%
New
16
Sold out
16

Largest buys vs the previous quarter

SecurityShares changeApprox. value
QQQnew+366,881$202M
VOOadded+340,782$194M
MGKnew+261,800$95.9M
IWFnew+224,830$95.5M
VUGnew+217,710$95.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
JNKexited-1,136,980-$108M
JAAAexited-1,050,087-$53.2M
SRLNexited-1,244,811-$51.2M
SJNKexited-1,450,000-$36.5M
USHYreduced-855,660-$32.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001979884-25-000007, largest first. % of portfolio is the value over $1,324,467,230, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
VOOVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 968,982 shares; 2024Q4: 757,614 shares; 2025Q1: 208,811 shares; 2025Q2: 549,593 shares 549,593$312M23.57%+340,782The filing omitted confidential holdings, a later amendment may add them.Timeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 684,154 shares; 2024Q4: 807,758 shares; 2025Q1: not reported; 2025Q2: 366,881 shares 366,881$202M15.28%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
USHYISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,734,160 shares; 2024Q4: 4,734,160 shares; 2025Q1: 4,651,110 shares; 2025Q2: 3,795,450 shares 3,795,450$142M10.75%-855,660The filing omitted confidential holdings, a later amendment may add them.Timeline
MGKVANGUARD WORLD FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 147,200 shares; 2024Q4: 4,500 shares; 2025Q1: not reported; 2025Q2: 261,800 shares 261,800$95.9M7.24%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
IWFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 130,900 shares; 2024Q4: 88,650 shares; 2025Q1: not reported; 2025Q2: 224,830 shares 224,830$95.5M7.21%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
VUGVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 127,900 shares; 2024Q4: 108,320 shares; 2025Q1: not reported; 2025Q2: 217,710 shares 217,710$95.4M7.21%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
SPHYSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,179,100 shares; 2024Q4: 4,179,100 shares; 2025Q1: 4,179,100 shares; 2025Q2: 3,323,020 shares 3,323,020$79.1M5.97%-856,080The filing omitted confidential holdings, a later amendment may add them.Timeline
HYLBDBX ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,209,900 shares; 2024Q4: 970,000 shares; 2025Q1: 970,000 shares; 2025Q2: 1,889,800 shares 1,889,800$69.8M5.27%+919,800The filing omitted confidential holdings, a later amendment may add them.Timeline
PYLDPIMCO ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 762,781 shares; 2024Q4: 446,181 shares; 2025Q1: 319,651 shares; 2025Q2: 1,507,954 shares 1,507,954$40M3.02%+1,188,303The filing omitted confidential holdings, a later amendment may add them.Timeline
ANGLVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,369,726 shares; 2024Q4: 2,369,726 shares; 2025Q1: 2,219,726 shares; 2025Q2: 1,363,870 shares 1,363,870$39.9M3.02%-855,856The filing omitted confidential holdings, a later amendment may add them.Timeline
FLTRVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 947,498 shares 947,498$24.2M1.82%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
GSSTGOLDMAN SACHS ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 470,267 shares 470,267$23.8M1.8%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
JSIJANUS DETROIT STR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 215,100 shares; 2025Q2: 375,115 shares 375,115$19.7M1.49%+160,015The filing omitted confidential holdings, a later amendment may add them.Timeline
VNLAJANUS DETROIT STR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 118,940 shares; 2025Q2: 348,807 shares 348,807$17.2M1.3%+229,867The filing omitted confidential holdings, a later amendment may add them.Timeline
FLOTISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 158,447 shares; 2025Q2: 293,483 shares 293,483$15M1.13%+135,036The filing omitted confidential holdings, a later amendment may add them.Timeline
IEFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 98,908 shares; 2024Q4: 77,817 shares; 2025Q1: 75,620 shares; 2025Q2: 146,875 shares 146,875$14.1M1.06%+71,255The filing omitted confidential holdings, a later amendment may add them.Timeline
BKUIBNY MELLON ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 124,401 shares; 2025Q2: 135,703 shares 135,703$6.77M0.51%+11,302The filing omitted confidential holdings, a later amendment may add them.Timeline
YEARAB ACTIVE ETFS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 100,131 shares 100,131$5.07M0.38%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
SPEMSPDR INDEX SHS FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 193,934 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 93,373 shares 93,373$3.99M0.3%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
FLJPFRANKLIN TEMPLETON ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 120,172 shares 120,172$3.86M0.29%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
VGKVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 109,665 shares; 2025Q2: 49,737 shares 49,737$3.85M0.29%-59,928The filing omitted confidential holdings, a later amendment may add them.Timeline
JPSTJ P MORGAN EXCHANGE TRADED FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 72,857 shares 72,857$3.69M0.28%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
VUSBVANGUARD BD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 69,090 shares 69,090$3.45M0.26%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
USMVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 23,980 shares 23,980$2.25M0.17%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
BKGIBNY MELLON ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 39,720 shares 39,720$1.56M0.12%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
CGUICAPITAL GRP FIXED INCM ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 59,931 shares 59,931$1.51M0.11%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
EMBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 10,680 shares 10,680$989K0.07%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
JHHYJOHN HANCOCK EXCHANGE TRADEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,000 shares; 2024Q4: 25,000 shares; 2025Q1: 25,000 shares; 2025Q2: 25,000 shares 25,000$645K0.05%0The filing omitted confidential holdings, a later amendment may add them.Timeline
XCCCBONDBLOXX ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 10,906 shares 10,906$423K0.03%newThe filing omitted confidential holdings, a later amendment may add them.Timeline

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
JNKSPDR SERIES TRUST1,136,980$108Mshares
JAAAJANUS DETROIT STR TR1,050,087$53.2Mshares
SRLNSSGA ACTIVE ETF TR1,244,811$51.2Mshares
SJNKSPDR SERIES TRUST1,450,000$36.5Mshares
VCSHVANGUARD SCOTTSDALE FDS404,709$31.9Mshares
BKLNINVESCO EXCH TRADED FD TR II1,503,940$31.1Mshares
LONZPIMCO ETF TR418,184$21.1Mshares
HYGVFLEXSHARES TR518,700$20.9Mshares
PULSPGIM ETF TR264,464$13.2Mshares
FLHYFRANKLIN TEMPLETON ETF TR508,911$12.1Mshares
SGOLETFS GOLD TR280,678$8.37Mshares
IYRISHARES TR81,873$7.84Mshares
SPYMSPDR SERIES TRUST118,903$7.82Mshares
HYGISHARES TR98,852$7.8Mshares
INVESCO QQQ TRINVESCO QQQ TR16,493$7.73Mshares
JBBBJANUS DETROIT STR TR29,260$1.42Mshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001979884-25-000007 base2025-08-12acceptance time not in the bulk data set