Kensington Investment Counsel, LLC
SEC Form 13F institutional filer · CIK 0001845536
13F-HR · 70 reported holdings · 2026-03-31
Reported long-US-equity value
$0.19B
Top-10 concentration
43.2%
Kensington Investment Counsel, LLC — $189M AUM allocation strategy
Kensington Investment Counsel, LLC files SEC Form 13F and reports $189M of long US equity value across 70 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 22.4%, followed by Health Care 13.6% and Industrials 12.6%.
The top 10 holdings account for 43% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Kensington Investment Counsel, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$189M
total across 70 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
43% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$CSCO +63.2K sh · +$4.91M+$HON +14.6K sh · +$3.37M+$XOM +12.1K sh · +$2.32M
Biggest trims (shares)
−$CPRT −41.5K sh · −$1.73M−$WSM −17.6K sh · −$3.05M−$ROL −11.2K sh · −$792K
Exited to nil (held last quarter, gone now)
$MKC ($4.77M last qtr)$PG ($4.49M last qtr)$ACN ($3.46M last qtr)$PYPL ($1.34M last qtr)$INTU ($1.21M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Technology Hardware, Storage & Peripherals8.3%—
- Biotechnology7.6%—
- Pharmaceuticals6.1%—
- Systems Software5.9%—
- Semiconductors5.4%—
- Diversified Banks4.3%—
- Industrial Machinery & Supplies & Components3.9%—
- Aerospace & Defense3.4%—
- Other holdings55.3%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $AAPL | Apple Inc | 61.3K | $15.6M | -1.34K | 8.2% |
| $MSFT | Microsoft Corporation | 30.2K | $11.2M | +501 | 5.9% |
| $ABBV | AbbVie Inc | 37.5K | $8.16M | +492 | 4.3% |
| $JPM | JP Morgan Chase & Co | 27.6K | $8.12M | +730 | 4.3% |
| $SNA | Snap-On Incorporated | 20.2K | $7.32M | -1.21K | 3.9% |
| $JNJ | Johnson & Johnson | 27.4K | $6.7M | +746 | 3.5% |
| $GD | General Dynamics Corporation | 19.1K | $6.56M | +223 | 3.5% |
| $AMGN | Amgen Inc | 17.6K | $6.2M | -456 | 3.3% |
| $RSG | Republic Services Inc | 27.6K | $6.04M | +154 | 3.2% |
| $PEP | PepsiCo Inc | 37.5K | $5.82M | -492 | 3.1% |
…and 60 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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