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Livermore
Livermore
ZHEN

Kensington Asset Management, LLC

SEC CIK
0001979884
Latest filing
Aug 12, 2026

The latest 13F from Kensington Asset Management, LLC covers Q2 2026 (filed Aug 12, 2026): 39 long positions worth $1.83B. The top 10 holdings make up 80.5% of the portfolio, and the largest is Vanguard S&P 500 ETF at 22.8%. Livermore has 21 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
3
Est. +$6.48M
Added
26
Est. +$280.9M
Reduced
5
Est. −$400.0M
Sold out
5
Est. −$22.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    22.8%$418.9M
  2. Pgim ETF Tr69344A107
    11.9%$218.4M
  3. Vanguard BD Index FDS92203C303
    11.2%$205.4M
  4. JPMorgan Ultra-Short Income ETF46641Q837
    7.4%$136.6M
  5. iShares Tr46429B655
    5.8%$107.3M

Share of portfolio

Top 5 holdings and the other 34 positions, by share of portfolio value

  1. Vanguard S&P 500 ETF22.8%
  2. Pgim ETF Tr11.9%
  3. Vanguard BD Index FDS11.2%
  4. JPMorgan Ultra-Short Income ETF7.4%
  5. iShares Tr5.8%
  6. Other 34 positions40.8%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard BD Index FDS92203C303
    +$63.3MAdded
  2. Pgim ETF Tr69344A107
    +$58.5MAdded
  3. JPMorgan Ultra-Short Income ETF46641Q837
    +$35.7MAdded
  4. iShares Tr46429B655
    +$29.4MAdded
  5. Vanguard Scottsdale FDS92206C102
    +$10.0MAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Vanguard BD Index FDS92203C303
    +3.46 pp7.7% → 11.2%
  2. Pgim ETF Tr69344A107
    +3.21 pp8.7% → 11.9%
  3. JPMorgan Ultra-Short Income ETF46641Q837
    +1.95 pp5.5% → 7.4%
  4. iShares Tr46429B655
    +1.62 pp4.2% → 5.8%
  5. Vanguard Scottsdale FDS92206C102
    +0.54 pp1.1% → 1.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco QQQ Trust Series I46090E103
    −$249.8MReduced
  2. Vanguard S&P 500 ETF922908363
    −$137.4MReduced
  3. Janus Detroit STR Tr47103U746
    −$13.6MSold out
  4. SGOLabrdn Gold ETF Trust
    −$6.15MReducedHistory
  5. John Hancock Exchange Traded47804J719
    −$3.83MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. Invesco QQQ Trust Series I46090E103
    −10.59 pp10.9% → 0.3%
  2. Vanguard S&P 500 ETF922908363
    −3.51 pp26.3% → 22.8%
  3. Janus Detroit STR Tr47103U746
    −0.74 pp0.7% → 0.0%
  4. SGOLabrdn Gold ETF Trust
    −0.42 pp0.6% → 0.2%History
  5. John Hancock Exchange Traded47804J719
    −0.21 pp0.2% → <0.1%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.83B
−$2.71M (−0.1%) vs. prior quarter
Positions
39
−2 vs. prior quarter
Top 10 concentration
80.5%
Top 10 as share of value
Turnover
15.7%
Q2 2026, one quarter
Average holding period
7.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.00B (Q1 2024)

Q4 2021: $495.9MQ1 2022: $573.3MQ2 2022: $80.6MQ1 2023: $958.1MQ2 2023: $1.52BQ3 2023: $960.8MQ4 2023: $1.92BQ1 2024: $2.00BQ2 2024: $926.6MQ3 2024: $1.82BQ4 2024: $1.71BQ1 2025: $951.5MQ2 2025: $1.32BQ3 2025: $1.67BQ4 2025: $1.94BQ1 2026: $1.84BQ2 2026: $1.83B
Q4 2021Q2 2026
13F filings of Kensington Asset Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 202639$1.83BVanguard S&P 500 ETFPgim ETF TrVanguard BD Index FDSvs. Q1 2026SEC
Q1 2026May 21, 2026Amended41$1.84BVanguard S&P 500 ETFInvesco QQQ Trust Series IPgim ETF Trvs. Q4 2025SEC
Q4 2025Feb 13, 202641$1.94BVanguard S&P 500 ETFInvesco QQQ Trust Series IiShares Trvs. Q3 2025SEC
Q3 2025Nov 12, 202537$1.67BVanguard S&P 500 ETFInvesco QQQ Trust Series IiShares Trvs. Q2 2025SEC
Q2 2025Aug 12, 202529$1.32BVanguard S&P 500 ETFInvesco QQQ Trust Series IiShares Trvs. Q1 2025SEC
Q1 2025May 13, 202529$951.5MiShares TrSPDR Series TrustVanguard S&P 500 ETFvs. Q4 2024SEC
Q4 2024Feb 13, 202526$1.71BInvesco QQQ Trust Series IVanguard S&P 500 ETFiShares Trvs. Q3 2024SEC
Q3 2024Nov 13, 202430$1.82BVanguard S&P 500 ETFInvesco QQQ Trust Series IiShares Trvs. Q2 2024SEC
Q2 2024Aug 13, 2024Amended20$926.6MJanus Detroit STR TriShares TrSPDR Series Trustvs. Q1 2024SEC
Q1 2024Apr 29, 202423$2.00BInvesco QQQ Trust Series IVanguard S&P 500 ETFiShares Trvs. Q4 2023SEC
Q4 2023Jan 26, 202423$1.92BInvesco QQQ Trust Series IVanguard S&P 500 ETFiShares Trvs. Q3 2023SEC
Q3 2023Nov 13, 20236$960.8MInvesco QQQ Trust Series IVanguard S&P 500 ETFVanguard Morningstar Growth ETFvs. Q2 2023SEC
Q2 2023Jul 19, 202314$1.52BInvesco QQQ Trust Series IVanguard S&P 500 ETFSPDR Series Trustvs. Q1 2023SEC
Q1 2023Jun 16, 20235$958.1MInvesco QQQ Trust Series IVanguard S&P 500 ETFVanguard Morningstar Growth ETFvs. Q4 2022SEC
Q4 2022Jun 16, 20230$0–vs. Q3 2022SEC
Q3 2022Jun 16, 20230$0–vs. Q2 2022SEC
Q2 2022Jun 16, 20231$80.6MProShares Trvs. Q1 2022SEC
Q1 2022Jun 16, 20236$573.3MVanguard S&P 500 ETFInvesco QQQ Trust Series IVanguard Morningstar Growth ETFvs. Q4 2021SEC
Q4 2021Jun 16, 20233$495.9MiShares TriShares TriShares Tr–SEC

13D and 13G filings

Companies where Kensington Asset Management, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Kensington Asset Management, LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
Simplify Exchange Traded FundsSimplify Commodities Strategy No K-1 ETF13G/A100.00%115.4K shares0.00 ppfrom 100.00%Mar 10, 20252 filingsMar 10, 2025SEC

Latest filings

2 filings on file made by Kensington Asset Management, LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Kensington Asset Management, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
Simplify Exchange Traded FundsSimplify Commodities Strategy No K-1 ETFMar 10, 20253:15 PM ET13G/A100.00%115.4K shares0.00 ppfrom 100.00%Feb 24, 2025SEC
Simplify Exchange Traded FundsSimplify Commodities Strategy No K-1 ETFMar 10, 20252:00 PM ET13G100.00%230.9K sharesNewFeb 4, 2025SEC