Kensington Asset Management 13F annual report

Kensington Asset Management is an investment fund managing more than $927 billion ran by Steven Chang. There are currently 12 companies in Mr. Chang’s portfolio. The largest investments include Janus Henderson and Ishares, together worth $298 billion.

$927 billion Assets Under Management (AUM)

As of 6th August 2024, Kensington Asset Management’s top holding is 2,990,348 shares of Janus Henderson currently worth over $152 billion and making up 16.4% of the portfolio value. In addition, the fund holds 3,928,574 shares of Ishares worth $146 billion. The third-largest holding is Spdr worth $360 billion and the next is Invesco Ltd worth $96 billion, with 4,201,989 shares owned.

Currently, Kensington Asset Management's portfolio is worth at least $927 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Kensington Asset Management

The Kensington Asset Management office and employees reside in Austin, Texas. According to the last 13-F report filed with the SEC, Steven Chang serves as the Chief Compliance Officer at Kensington Asset Management.

Recent trades

In the most recent 13F filing, Kensington Asset Management revealed that it had opened a new position in Janus Henderson and bought 387,790 shares worth $19.1 billion.

The investment fund also strengthened its position in Janus Henderson by buying 2,907,745 additional shares. This makes their stake in Janus Henderson total 2,990,348 shares worth $152 billion.

On the other hand, there are companies that Kensington Asset Management is getting rid of from its portfolio. Kensington Asset Management closed its position in Vanguard on 13th August 2024. It sold the previously owned 1,296,975 shares for $381 billion. Steven Chang also disclosed a decreased stake in Ishares by 0.3%. This leaves the value of the investment at $146 billion and 3,928,574 shares.

One of the average hedge funds

The two most similar investment funds to Kensington Asset Management are Fiduciary and Austin Private Wealth. They manage $927 billion and $927 billion respectively.

Steven Chang investment strategy

Kensington Asset Management’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Finance — making up 10.4% of the total portfolio value. The fund focuses on investments in the United States as 8.3% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are small-cap stocks. Stocks with a size of more than $100 million in market cap make up 8% of the total holdings value. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $4.44 billion.

The complete list of Kensington Asset Management trades based on 13F SEC filings

These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Janus Henderson	3,520.14% 2,990,348	$152,148,906,000	16.42%
Ishares	25.14% 3,928,574	$145,614,253,000	15.71%
Vanguard	Closed 1,296,975	$380,632,100,000
Spdr	25.37% 9,197,714	$359,638,257,000	38.81%
Invesco Ltd	33.94% 4,201,989	$95,985,868,000	10.36%
Vaneck	16.26% 2,242,100	$63,451,430,000	6.85%
Xtrackers	11.72% 1,209,900	$42,903,054,000	4.63%
Flexshares	16.79% 528,700	$21,359,480,000	2.31%
Janus Henderson	Opened 387,790	$19,071,512,000	2.06%
Jpmorgan	Closed 188,250	$8,576,670,000
Ishares	Closed 102,226	$7,946,027,000
abrdn ETF	Opened 326,867	$7,262,985,000	0.78%
Vanguard	88.89% 114,684	$11,124,331,000	1.20%
Franklin	5.22% 246,022	$7,075,593,000	0.76%
Angel Oak	Closed 184,331	$2,020,268,000
Ishares	Opened 9,300	$1,010,910,000	0.11%
No transactions found
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