# EDGAR Filing Document

**Accession Number:** 0001979884
**File Stem:** 0001979884-26-000003
**Filing Date:** 2026-5
**Character Count:** 8137
**Document Hash:** 806c3e09c93651dedd07202bdbf640f6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001979884-26-000003.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001979884-26-000003

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**EFFECTIVENESS DATE**: 20260514

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kensington Asset Management, LLC
- **CENTRAL INDEX KEY:** 0001979884

**ORGANIZATION NAME:**
- **EIN:** 203861338
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23293
- **FILM NUMBER:** 26980352

**BUSINESS ADDRESS:**
- **STREET 1:** 901 S MOPAC EXPY
- **STREET 2:** BARTON OAKS PLAZA BLDG. II SUITE 225
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78746
- **BUSINESS PHONE:** 877.891.1222

**MAIL ADDRESS:**
- **STREET 1:** 901 S MOPAC EXPY
- **STREET 2:** BARTON OAKS PLAZA BLDG. II SUITE 225
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78746

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Kensington Asset Management LLC<br>**Address:** 901 S MOPAC EXPY<br>BARTON OAKS PLAZA BLDG. II SUITE 225<br>AUSTIN, TX 78746

**Form 13F File Number:** 028-23293

**CRD Number (if applicable):** 000309780

**SEC File Number (if applicable):** 801-119080

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Steven B Chang<br>**Title:** CCO<br>**Phone:** 5417607576

**Signature, Place, and Date of Signing:**

Steven B Chang  Austin, TX  05-14-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 41

**Form 13F Information Table Value Total:** $1935119235

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AB ACTIVE ETFS INC | ULTRA SHORT INCM | 00039J103 |  | 26135612 | 515597 | SH |  | SOLE |  | 0 | 0 | 0 |
| ETFS GOLD TR | PHYSCL GOLD SHS | 00326A104 |  | 11500943 | 278002 | SH |  | SOLE |  | 0 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 2624234 | 64716 | SH |  | SOLE |  | 0 | 0 | 0 |
| BNY MELLON ETF TRUST | ULTRA SHORT INCM | 09661T859 |  | 6900278 | 138713 | SH |  | SOLE |  | 0 | 0 | 0 |
| BONDBLOXX ETF TRUST | CCC RT USD HI YL | 09789C887 |  | 4078591 | 107289 | SH |  | SOLE |  | 0 | 0 | 0 |
| CAPITAL GRP FIXED INCM ETF T | ULTRA SHORT INCO | 14020Y888 |  | 4679274 | 184915 | SH |  | SOLE |  | 0 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE JAPAN ETF | 35473P744 |  | 10843631 | 313581 | SH |  | SOLE |  | 0 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ULTRA SHORT BOND | 381430230 |  | 35923713 | 708974 | SH |  | SOLE |  | 0 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 232436772 | 375243 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 2835155 | 52464 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 143286831 | 3828128 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 2744288 | 22450 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | USD INV GRDE ETF | 464288620 |  | 6730284 | 129603 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 55402972 | 1089966 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES INC | JP MRGN EM HI BD | 464286285 |  | 2159721 | 53432 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 1588089 | 16462 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 107232669 | 224830 | SH |  | SOLE |  | 0 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 8174337 | 161644 | SH |  | SOLE |  | 0 | 0 | 0 |
| JANUS DETROIT STR TR | HENDERSON SECURI | 47103U746 |  | 18509063 | 355124 | SH |  | SOLE |  | 0 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSN SHRT ETF | 47103U886 |  | 73810688 | 1502049 | SH |  | SOLE |  | 0 | 0 | 0 |
| JOHN HANCOCK EXCHANGE TRADED | HIGH YIELD ETF | 47804J719 |  | 4523824 | 175076 | SH |  | SOLE |  | 0 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 59006309 | 1161999 | SH |  | SOLE |  | 0 | 0 | 0 |
| NUSHARES ETF TR | NUVEEN SECURITIZ | 67092P698 |  | 1257500 | 50000 | SH |  | SOLE |  | 0 | 0 | 0 |
| NUSHARES ETF TR | NUVEEN ULTRA SHT | 67092P755 |  | 2540158 | 100700 | SH |  | SOLE |  | 0 | 0 | 0 |
| PGIM ETF TR | PGIM ULTRA SH BD | 69344A107 |  | 78740378 | 1588148 | SH |  | SOLE |  | 0 | 0 | 0 |
| PIMCO ETF TR | MULTISECTOR BD | 72201R585 |  | 39644393 | 1475964 | SH |  | SOLE |  | 0 | 0 | 0 |
| SIMPLIFY EXCHANGE TRADED FUN | HIGH YIELD ETF | 82889N830 |  | 4874132 | 218669 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X509 |  | 11125356 | 237569 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R606 |  | 77267423 | 3261605 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A508 |  | 2395536 | 41880 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R853 |  | 11639025 | 245342 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANECK ETF TRUST | FALLEN ANGEL HG | 92189F437 |  | 40968353 | 1394430 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANECK ETF TRUST | IG FLOATING RATE | 92189F486 |  | 65901528 | 2589451 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 108570069 | 220810 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 108908800 | 261800 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 435923440 | 690058 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 8339985 | 104498 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 5163476 | 87874 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 6853287 | 20285 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 55101509 | 1105568 | SH |  | SOLE |  | 0 | 0 | 0 |
| DBX ETF TR | XTRACK USD HIGH | 233051432 |  | 48777609 | 1322962 | SH |  | SOLE |  | 0 | 0 | 0 |

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