Kensington Asset Management, LLC

Q4 2025 13F-HR Holdings

Location
Austin, TX
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
41
Total value ($000)
$1,935,119
Net value change ($000)
+266,627 (16.0%)
New positions
18
Sold out positions
1
Turnover %
31.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
USHY 143,287 NEW
PULS 78,740 NEW
SPHY 77,267 NEW
VOO 63,739 17.1%
FLOT 55,403 NEW
VUSB 55,102 NEW
HYLB 48,778 NEW
ANGL 40,968 NEW
PYLD 39,644 NEW
VNLA 22,749 44.6%
Top Reduces (Value $000, Stocks/ETFs)
VGK -5,715 -100.0%
JSI -1,529 -7.6%
SPYV -474 -16.5%
JHHY -49 -1.1%
BKUI -27 -0.4%
NUSB -12 -0.5%
HDV -11 -0.4%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type