Kensington Investment Counsel
LONG BEACH, CAfiles as Kensington Investment Counsel, LLC
$230m in 85 US stocks at the end of 30 June 2026. The top 10 are 39.5% of the money. It changed about 11.7% of the portfolio this quarter.
Value
$230m
Stocks
85
Top 10 share
39.5%
Turnover
11.7%
What changed this quarter
New
Bought for the first time this quarter.
- ExxonMobil HoldingsXOM1.0% of the fund
- Honeywell InternationalHON0.8% of the fund
- Honeywell AerospaceHONA0.8% of the fund
- Invesco Exch Traded FD TR IIQQQM0.4% of the fund
- Ishares TRIVV0.3% of the fund
- NetflixNFLX0.2% of the fund
- Micron TechnologyMU0.2% of the fund
- Wisdomtree TRNTSX0.1% of the fund
- IntelINTC0.1% of the fund
- International Business MachinesIBM0.1% of the fund
- Wisdomtree TRWAMA<0.1% of the fund
- ChubbCB<0.1% of the fund
Added
Bought more of a stock they already held.
- AppleAAPL7.9% of the fund+2%
- MicrosoftMSFT5.1% of the fund+4%
- Dell TechnologiesDELL3.3% of the fund+3%
- NvidiaNVDA3.0% of the fund+6%
- Meta PlatformsMETA0.9% of the fund+23%
- Advanced Micro DevicesAMD0.6% of the fund+2%
- Berkshire HathawayBRK-B0.5% of the fund+4%
- Vanguard Index FDSVUG0.5% of the fund+178%
Cut
Sold some of their stake.
- AbbVieABBV3.9% of the fund-5%
- JPMorgan ChaseJPM3.7% of the fund-5%
- Snap-onSNA3.4% of the fund-4%
- Texas InstrumentsTXN2.9% of the fund-4%
- Johnson & JohnsonJNJ2.8% of the fund-6%
- General DynamicsGD2.8% of the fund-5%
- AmgenAMGN2.6% of the fund-7%
- Invesco QQQ TRQQQ2.5% of the fund-14%
- Republic ServicesRSG2.4% of the fund-5%
- Home DepotHD2.2% of the fund-10%
- QualcommQCOM2.1% of the fund-4%
- PepsiCoPEP2.1% of the fund-5%
- MerckMRK2.1% of the fund-5%
- Canadian National RailwayCNI1.6% of the fund-4%
- SLB LimitedSLB1.6% of the fund-6%
- UnitedHealth GroupUNH1.4% of the fund-5%
- Union PacificUNP1.3% of the fund-4%
- HalliburtonHAL1.1% of the fund-6%
- Avalonbay CommunitiesAVB1.1% of the fund-7%
- Amazon.comAMZN1.0% of the fund-2%
- Broadridge Financial SolutionsBR1.0% of the fund-19%
- Markel GroupMKL0.6% of the fund-2%
- Select Sector Spdr TRXLK0.5% of the fund-8%
- Roper TechnologiesROP0.4% of the fund-2%
- ResmedRMD0.4% of the fund-2%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- ExxonMobil HoldingsXOM-100%
- TransMedics GroupTMDX-100%
- Select Sector Spdr TRXLY-100%
- Vanguard Index FDSVOO-100%
- SalesforceCRM-100%
- Select Sector Spdr TRXLI-100%
- ChevronCVX-100%
- NikeNKE-100%
- Cognizant Technology SolutionsCTSH-100%
Holdings
- Invesco QQQ TRQQQ
- Share
- 2.5%
- Value
- $6m
- Shares
- 7,792
-14%
- Canadian National RailwayCNI
- Share
- 1.6%
- Value
- $4m
- Shares
- 31,828
-4%
- Avalonbay CommunitiesAVB
- Share
- 1.1%
- Value
- $2m
- Shares
- 13,143
-7%
- Honeywell AerospaceHONA
- Share
- 0.8%
- Value
- $2m
- Shares
- 8,107
New
- Select Sector Spdr TRXLK
- Share
- 0.5%
- Value
- $1m
- Shares
- 6,085
-8%
- Vanguard Index FDSVUG
- Share
- 0.5%
- Value
- $1m
- Shares
- 13,240
+178%
- Invesco Exch Traded FD TR IIQQQM
- Share
- 0.4%
- Value
- $904,365
- Shares
- 2,985
New
- Ishares TRIVV
- Share
- 0.3%
- Value
- $653,032
- Shares
- 872
New
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.2%
- Value
- $490,361
- Shares
- 657
-44%
- Wisdomtree TRNTSX
- Share
- 0.1%
- Value
- $281,432
- Shares
- 4,766
New
- Wisdomtree TRWAMA
- Share
- <0.1%
- Value
- $208,139
- Shares
- 7,951
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AppleAAPL | 7.9% | $18m | 62,542 | +2% |
| MicrosoftMSFT | 5.1% | $12m | 31,349 | +4% |
| AbbVieABBV | 3.9% | $9m | 35,786 | -5% |
| JPMorgan ChaseJPM | 3.7% | $9m | 26,248 | -5% |
| Cisco SystemsCSCO | 3.6% | $8m | 70,023 | Held |
| Snap-onSNA | 3.4% | $8m | 19,252 | -4% |
| Dell TechnologiesDELL | 3.3% | $8m | 17,614 | +3% |
| NvidiaNVDA | 3.0% | $7m | 34,082 | +6% |
| Texas InstrumentsTXN | 2.9% | $7m | 22,238 | -4% |
| Johnson & JohnsonJNJ | 2.8% | $7m | 25,663 | -6% |
| General DynamicsGD | 2.8% | $6m | 18,184 | -5% |
| AmgenAMGN | 2.6% | $6m | 16,454 | -7% |
| AlphabetGOOGL | 2.5% | $6m | 16,349 | Held |
| Williams SonomaWSM | 2.5% | $6m | 24,879 | Held |
| Invesco QQQ TRQQQ | 2.5% | $6m | 7,792 | -14% |
| Republic ServicesRSG | 2.4% | $6m | 26,081 | -5% |
| WatscoWSO | 2.4% | $5m | 13,115 | Held |
| Home DepotHD | 2.2% | $5m | 14,462 | -10% |
| QualcommQCOM | 2.1% | $5m | 26,221 | -4% |
| PepsiCoPEP | 2.1% | $5m | 35,442 | -5% |
| MerckMRK | 2.1% | $5m | 37,325 | -5% |
| Canadian National RailwayCNI | 1.6% | $4m | 31,828 | -4% |
| SLB LimitedSLB | 1.6% | $4m | 77,051 | -6% |
| UnitedHealth GroupUNH | 1.4% | $3m | 8,019 | -5% |
| Union PacificUNP | 1.3% | $3m | 11,276 | -4% |
| MastercardMA | 1.2% | $3m | 5,287 | Held |
| HalliburtonHAL | 1.1% | $3m | 77,838 | -6% |
| Avalonbay CommunitiesAVB | 1.1% | $2m | 13,143 | -7% |
| Eli LillyLLY | 1.1% | $2m | 2,041 | Held |
| BroadcomAVGO | 1.0% | $2m | 6,327 | Held |
| ExxonMobil HoldingsXOM | 1.0% | $2m | 16,670 | New |
| Amazon.comAMZN | 1.0% | $2m | 9,533 | -2% |
| Broadridge Financial SolutionsBR | 1.0% | $2m | 16,442 | -19% |
| AmetekAME | 1.0% | $2m | 9,103 | Held |
| Meta PlatformsMETA | 0.9% | $2m | 3,672 | +23% |
| Church & DwightCHD | 0.8% | $2m | 19,200 | Held |
| Honeywell InternationalHON | 0.8% | $2m | 8,107 | New |
| Honeywell AerospaceHONA | 0.8% | $2m | 8,107 | New |
| Palo Alto NetworksPANW | 0.7% | $2m | 4,703 | Held |
| Sherwin-WilliamsSHW | 0.7% | $2m | 4,631 | Held |
| Ross StoresROST | 0.7% | $2m | 7,447 | Held |
| Monster BeverageMNST | 0.6% | $1m | 14,859 | Held |
| Advanced Micro DevicesAMD | 0.6% | $1m | 2,284 | +2% |
| Markel GroupMKL | 0.6% | $1m | 679 | -2% |
| Novartis AGNVS | 0.6% | $1m | 8,456 | Held |
| CrowdStrike HoldingsCRWD | 0.6% | $1m | 1,690 | Held |
| Berkshire HathawayBRK-B | 0.5% | $1m | 2,498 | +4% |
| Illinois Tool WorksITW | 0.5% | $1m | 4,440 | Held |
| Dick's Sporting GoodsDKS | 0.5% | $1m | 5,235 | Held |
| Costco WholesaleCOST | 0.5% | $1m | 1,259 | Held |
| Select Sector Spdr TRXLK | 0.5% | $1m | 6,085 | -8% |
| Hyatt HotelsH | 0.5% | $1m | 5,943 | Held |
| Vanguard Index FDSVUG | 0.5% | $1m | 13,240 | +178% |
| DanaherDHR | 0.4% | $919,637 | 4,828 | Held |
| Invesco Exch Traded FD TR IIQQQM | 0.4% | $904,365 | 2,985 | New |
| Roper TechnologiesROP | 0.4% | $870,001 | 2,571 | -2% |
| ResmedRMD | 0.4% | $813,039 | 4,172 | -2% |
| AlphabetGOOG | 0.3% | $757,893 | 2,145 | Held |
| Vertex PharmaceuticalsVRTX | 0.3% | $745,095 | 1,500 | -3% |
| RollinsROL | 0.3% | $729,407 | 17,475 | -2% |
| CSW IndustrialsCSW | 0.3% | $690,184 | 2,480 | Held |
| Five BelowFIVE | 0.3% | $686,798 | 3,820 | Held |
| Ishares TRIVV | 0.3% | $653,032 | 872 | New |
| LindeLIN | 0.3% | $584,326 | 1,126 | Held |
| TeslaTSLA | 0.3% | $578,746 | 1,376 | -24% |
| BlackstoneBX | 0.2% | $570,582 | 4,849 | -4% |
| Applied MaterialsAMAT | 0.2% | $545,142 | 754 | -6% |
| Enerpac Tool GroupEPAC | 0.2% | $537,436 | 14,987 | -17% |
| WatersWAT | 0.2% | $535,932 | 1,429 | Held |
| State STR Spdr S&P 500 ETF TSPY | 0.2% | $490,361 | 657 | -44% |
| CopartCPRT | 0.2% | $486,785 | 17,268 | Held |
| NetflixNFLX | 0.2% | $426,115 | 5,968 | New |
| Northrop GrummanNOC | 0.2% | $398,790 | 783 | Held |
| Freeport-McMoRanFCX | 0.2% | $370,422 | 5,890 | -4% |
| Micron TechnologyMU | 0.2% | $368,219 | 319 | New |
| NasdaqNDAQ | 0.1% | $341,448 | 4,332 | Held |
| Thermo Fisher ScientificTMO | 0.1% | $316,860 | 632 | -37% |
| Wisdomtree TRNTSX | 0.1% | $281,432 | 4,766 | New |
| BoeingBA | 0.1% | $271,670 | 1,255 | Held |
| IntelINTC | 0.1% | $263,342 | 1,886 | New |
| RepligenRGEN | 0.1% | $238,361 | 1,747 | -17% |
| International Business MachinesIBM | 0.1% | $231,998 | 825 | New |
| Altria GroupMO | <0.1% | $212,468 | 2,953 | -37% |
| Wisdomtree TRWAMA | <0.1% | $208,139 | 7,951 | New |
| ChubbCB | <0.1% | $203,422 | 597 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 1.3% since 30 June 2025.
Where the money is
Technology31.6%
Industrials19.0%
Health care16.0%
Retail & consumer8.0%
Financial services6.5%
Everyday goods4.1%
Media & telecom4.0%
Energy3.7%
Materials1.4%
Real estate1.1%
Other4.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.