Kensington Asset Management, LLC Quant / Systematic

CIK: 0001979884 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $1,935,119 (100.0% shares, 0.0% debt)

Holdings (41)

New Positions (6)

SPSM SPDR SERIES TRUST 0.6%

Value ($000) $11,639 Shares 245,342 Est. Cost $47.44 Unrealized —

VCSH VANGUARD SCOTTSDALE FDS 0.4%

Value ($000) $8,340 Shares 104,498 Est. Cost $79.81 Unrealized —

JAAA JANUS DETROIT STR TR 0.4%

Value ($000) $8,174 Shares 161,644 Est. Cost $50.57 Unrealized —

USIG ISHARES TR 0.3%

Value ($000) $6,730 Shares 129,603 Est. Cost $51.93 Unrealized —

VGSH VANGUARD SCOTTSDALE FDS 0.3%

Value ($000) $5,163 Shares 87,874 Est. Cost $58.76 Unrealized —

NSCI NUSHARES ETF TR 0.1%

Value ($000) $1,258 Shares 50,000 Est. Cost $25.15 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPSM	SPDR SERIES TRUST	245,342	$11,639	0.6%	$47.44	—	STATE STREET SPD	78468R853
VCSH	VANGUARD SCOTTSDALE FDS	104,498	$8,340	0.4%	$79.81	—	SHRT TRM CORP BD	92206C409
JAAA	JANUS DETROIT STR TR	161,644	$8,174	0.4%	$50.57	—	HENDRSON AAA CL	47103U845
USIG	ISHARES TR	129,603	$6,730	0.3%	$51.93	—	USD INV GRDE ETF	464288620
VGSH	VANGUARD SCOTTSDALE FDS	87,874	$5,163	0.3%	$58.76	—	SHORT TERM TREAS	92206C102
NSCI	NUSHARES ETF TR	50,000	$1,258	0.1%	$25.15	—	NUVEEN SECURITIZ	67092P698

Increased Positions (23)

VOO VANGUARD INDEX FDS 22.5%

Value ($000) $435,923 (+17.1%) Shares 690,058 (+13.5%) Est. Cost $565.31 Unrealized —

VUSB VANGUARD BD INDEX FDS 2.8%

Value ($000) $55,102 (+483.0%) Shares 1,105,568 (+484.8%) Est. Cost $49.86 Unrealized —

USHY ISHARES TR 7.4%

Value ($000) $143,287 (+20.8%) Shares 3,828,128 (+21.9%) Est. Cost $36.66 Unrealized —

VNLA JANUS DETROIT STR TR 3.8%

Value ($000) $73,811 (+44.6%) Shares 1,502,049 (+45.0%) Est. Cost $49.22 Unrealized —

PULS PGIM ETF TR 4.1%

Value ($000) $78,740 (+35.9%) Shares 1,588,148 (+36.6%) Est. Cost $49.76 Unrealized —

QQQ INVESCO QQQ TR 12.0%

Value ($000) $232,437 (+5.2%) Shares 375,243 (+2.0%) Est. Cost $552.97 Unrealized —

FLTR VANECK ETF TRUST 3.4%

Value ($000) $65,902 (+20.0%) Shares 2,589,451 (+20.6%) Est. Cost $25.52 Unrealized —

SGOL ETFS GOLD TR 0.6%

Value ($000) $11,501 (+83.1%) Shares 278,002 (+62.9%) Est. Cost $38.57 Unrealized —

SPEM SPDR INDEX SHS FDS 0.6%

Value ($000) $11,125 (+87.7%) Shares 237,569 (+87.6%) Est. Cost $45.22 Unrealized —

FLJP FRANKLIN TEMPLETON ETF TR 0.6%

Value ($000) $10,844 (+88.5%) Shares 313,581 (+88.4%) Est. Cost $33.65 Unrealized —

JPST J P MORGAN EXCHANGE TRADED F 3.0%

Value ($000) $59,006 (+7.7%) Shares 1,161,999 (+7.6%) Est. Cost $50.73 Unrealized —

GSST GOLDMAN SACHS ETF TR 1.9%

Value ($000) $35,924 (+9.5%) Shares 708,974 (+9.6%) Est. Cost $50.61 Unrealized —

VTI VANGUARD INDEX FDS 0.4%

Value ($000) $6,853 (+50.2%) Shares 20,285 (+45.9%) Est. Cost $331.22 Unrealized —

CGUI CAPITAL GRP FIXED INCM ETF T 0.2%

Value ($000) $4,679 (+65.3%) Shares 184,915 (+65.2%) Est. Cost $25.28 Unrealized —

SPHY SPDR SERIES TRUST 4.0%

Value ($000) $77,267 (+1.8%) Shares 3,261,605 (+2.9%) Est. Cost $23.37 Unrealized —

YEAR AB ACTIVE ETFS INC 1.4%

Value ($000) $26,136 (+3.7%) Shares 515,597 (+3.6%) Est. Cost $50.67 Unrealized —

BKGI BNY MELLON ETF TRUST 0.1%

Value ($000) $2,624 (+53.7%) Shares 64,716 (+47.6%) Est. Cost $39.67 Unrealized —

PYLD PIMCO ETF TR 2.0%

Value ($000) $39,644 (+2.3%) Shares 1,475,964 (+2.3%) Est. Cost $26.46 Unrealized —

EMHY ISHARES INC 0.1%

Value ($000) $2,160 (+70.5%) Shares 53,432 (+67.4%) Est. Cost $39.98 Unrealized —

IGIB ISHARES TR 0.1%

Value ($000) $2,835 (+24.0%) Shares 52,464 (+24.1%) Est. Cost $54.08 Unrealized —

ANGL VANECK ETF TRUST 2.1%

Value ($000) $40,968 (+1.0%) Shares 1,394,430 (+2.2%) Est. Cost $28.75 Unrealized —

EMB ISHARES TR 0.1%

Value ($000) $1,588 (+33.0%) Shares 16,462 (+31.3%) Est. Cost $93.83 Unrealized —

CDX SIMPLIFY EXCHANGE TRADED FUN 0.3%

Value ($000) $4,874 (+6.3%) Shares 218,669 (+9.2%) Est. Cost $22.86 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	690,058 (+13.5%)	$435,923 (+17.1%)	22.5%	$565.31	—	S&P 500 ETF SHS	922908363
VUSB	VANGUARD BD INDEX FDS	1,105,568 (+484.8%)	$55,102 (+483.0%)	2.8%	$49.86	—	VANGUARD ULTRA	92203C303
USHY	ISHARES TR	3,828,128 (+21.9%)	$143,287 (+20.8%)	7.4%	$36.66	—	BROAD USD HIGH	46435U853
VNLA	JANUS DETROIT STR TR	1,502,049 (+45.0%)	$73,811 (+44.6%)	3.8%	$49.22	—	HENDRSN SHRT ETF	47103U886
PULS	PGIM ETF TR	1,588,148 (+36.6%)	$78,740 (+35.9%)	4.1%	$49.76	—	PGIM ULTRA SH BD	69344A107
QQQ	INVESCO QQQ TR	375,243 (+2.0%)	$232,437 (+5.2%)	12.0%	$552.97	—	UNIT SER 1	46090E103
FLTR	VANECK ETF TRUST	2,589,451 (+20.6%)	$65,902 (+20.0%)	3.4%	$25.52	—	IG FLOATING RATE	92189F486
SGOL	ETFS GOLD TR	278,002 (+62.9%)	$11,501 (+83.1%)	0.6%	$38.57	—	PHYSCL GOLD SHS	00326A104
SPEM	SPDR INDEX SHS FDS	237,569 (+87.6%)	$11,125 (+87.7%)	0.6%	$45.22	—	PORTFOLIO EMG MK	78463X509
FLJP	FRANKLIN TEMPLETON ETF TR	313,581 (+88.4%)	$10,844 (+88.5%)	0.6%	$33.65	—	FTSE JAPAN ETF	35473P744
JPST	J P MORGAN EXCHANGE TRADED F	1,161,999 (+7.6%)	$59,006 (+7.7%)	3.0%	$50.73	—	ULTRA SHRT ETF	46641Q837
GSST	GOLDMAN SACHS ETF TR	708,974 (+9.6%)	$35,924 (+9.5%)	1.9%	$50.61	—	ULTRA SHORT BOND	381430230
VTI	VANGUARD INDEX FDS	20,285 (+45.9%)	$6,853 (+50.2%)	0.4%	$331.22	—	TOTAL STK MKT	922908769
CGUI	CAPITAL GRP FIXED INCM ETF T	184,915 (+65.2%)	$4,679 (+65.3%)	0.2%	$25.28	—	ULTRA SHORT INCO	14020Y888
SPHY	SPDR SERIES TRUST	3,261,605 (+2.9%)	$77,267 (+1.8%)	4.0%	$23.37	—	STATE STREET SPD	78468R606
YEAR	AB ACTIVE ETFS INC	515,597 (+3.6%)	$26,136 (+3.7%)	1.4%	$50.67	—	ULTRA SHORT INCM	00039J103
BKGI	BNY MELLON ETF TRUST	64,716 (+47.6%)	$2,624 (+53.7%)	0.1%	$39.67	—	GLOBAL INFRASCTR	09661T826
PYLD	PIMCO ETF TR	1,475,964 (+2.3%)	$39,644 (+2.3%)	2.0%	$26.46	—	MULTISECTOR BD	72201R585
EMHY	ISHARES INC	53,432 (+67.4%)	$2,160 (+70.5%)	0.1%	$39.98	—	JP MRGN EM HI BD	464286285
IGIB	ISHARES TR	52,464 (+24.1%)	$2,835 (+24.0%)	0.1%	$54.08	—	ISHS 5-10YR INVT	464288638
ANGL	VANECK ETF TRUST	1,394,430 (+2.2%)	$40,968 (+1.0%)	2.1%	$28.75	—	FALLEN ANGEL HG	92189F437
EMB	ISHARES TR	16,462 (+31.3%)	$1,588 (+33.0%)	0.1%	$93.83	—	JPMORGAN USD EMG	464288281
CDX	SIMPLIFY EXCHANGE TRADED FUN	218,669 (+9.2%)	$4,874 (+6.3%)	0.3%	$22.86	—	HIGH YIELD ETF	82889N830

Exited Positions (2)

IEF iShares 0.4%

Value ($000) $8,050 Shares 83,454 Est. Cost $95.17 Unrealized —

VGK Vanguard 0.3%

Value ($000) $5,715 Shares 71,622 Est. Cost $73.14 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IEF	iShares	83,454	$8,050	0.4%	$95.17	—	—	464287440
VGK	Vanguard	71,622	$5,715	0.3%	$73.14	—	—	922042874

Decreased Positions (3)

JSI JANUS DETROIT STR TR 1.0%

Value ($000) $18,509 (-7.6%) Shares 355,124 (-7.4%) Est. Cost $52.46 Unrealized —

SPYV SPDR SERIES TRUST 0.1%

Value ($000) $2,396 (-16.5%) Shares 41,880 (-19.3%) Est. Cost $55.33 Unrealized —

JHHY JOHN HANCOCK EXCHANGE TRADED 0.2%

Value ($000) $4,524 (-1.1%) Shares 175,076 (-50.0%) Est. Cost $13.97 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JSI	JANUS DETROIT STR TR	355,124 (-7.4%)	$18,509 (-7.6%)	1.0%	$52.46	—	HENDERSON SECURI	47103U746
SPYV	SPDR SERIES TRUST	41,880 (-19.3%)	$2,396 (-16.5%)	0.1%	$55.33	—	STATE STREET SPD	78464A508
JHHY	JOHN HANCOCK EXCHANGE TRADED	175,076 (-50.0%)	$4,524 (-1.1%)	0.2%	$13.97	—	HIGH YIELD ETF	47804J719

Unchanged Positions (9)

MGK VANGUARD WORLD FD 5.6%

Value ($000) $108,909 Shares 261,800 Est. Cost $366.17 Unrealized —

VUG VANGUARD INDEX FDS 5.6%

Value ($000) $108,570 Shares 220,810 Est. Cost $438.98 Unrealized —

IWF ISHARES TR 5.5%

Value ($000) $107,233 Shares 224,830 Est. Cost $424.58 Unrealized —

HYLB DBX ETF TR 2.5%

Value ($000) $48,778 Shares 1,322,962 Est. Cost $36.22 Unrealized —

FLOT ISHARES TR 2.9%

Value ($000) $55,403 Shares 1,089,966 Est. Cost $51.07 Unrealized —

XCCC BONDBLOXX ETF TRUST 0.2%

Value ($000) $4,079 Shares 107,289 Est. Cost $39.21 Unrealized —

BKUI BNY MELLON ETF TRUST 0.4%

Value ($000) $6,900 Shares 138,713 Est. Cost $49.87 Unrealized —

NUSB NUSHARES ETF TR 0.1%

Value ($000) $2,540 Shares 100,700 Est. Cost $25.34 Unrealized —

HDV ISHARES TR 0.1%

Value ($000) $2,744 Shares 22,450 Est. Cost $122.45 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MGK	VANGUARD WORLD FD	261,800	$108,909	5.6%	$366.17	—	MEGA GRWTH IND	921910816
VUG	VANGUARD INDEX FDS	220,810	$108,570	5.6%	$438.98	—	GROWTH ETF	922908736
IWF	ISHARES TR	224,830	$107,233	5.5%	$424.58	—	RUS 1000 GRW ETF	464287614
HYLB	DBX ETF TR	1,322,962	$48,778	2.5%	$36.22	—	XTRACK USD HIGH	233051432
FLOT	ISHARES TR	1,089,966	$55,403	2.9%	$51.07	—	FLTG RATE NT ETF	46429B655
XCCC	BONDBLOXX ETF TRUST	107,289	$4,079	0.2%	$39.21	—	CCC RT USD HI YL	09789C887
BKUI	BNY MELLON ETF TRUST	138,713	$6,900	0.4%	$49.87	—	ULTRA SHORT INCM	09661T859
NUSB	NUSHARES ETF TR	100,700	$2,540	0.1%	$25.34	—	NUVEEN ULTRA SHT	67092P755
HDV	ISHARES TR	22,450	$2,744	0.1%	$122.45	—	CORE HIGH DV ETF	46429B663