Latest Kensington Investment Counsel, LLC Stock Portfolio

Kensington Investment Counsel, LLC Performance:

2025 Q3: 2.75%YTD: 2.41%2024: 12.55%

Performance for 2025 Q3 is 2.75%, and YTD is 2.41%, and 2024 is 12.55%.

About Kensington Investment Counsel, LLC and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Kensington Investment Counsel, LLC reported an equity portfolio of $245.5 Millions as of 30 Sep, 2025.

The top stock holdings of Kensington Investment Counsel, LLC are AAPL, MSFT, WSM. The fund has invested 6.3% of it's portfolio in APPLE INC COM and 6.3% of portfolio in MICROSOFT CORP COM.

The fund managers got completely rid off LKQ CORP COM (LKQ), CHUBB LIMITED COM (CB) and DISNEY WALT CO COM (DIS) stocks. They significantly reduced their stock positions in DICKS SPORTING GOODS INC COM (DKS), SPDR S&P 500 ETF TRUST (SPY) and LITTELFUSE INC COM (LFUS). Kensington Investment Counsel, LLC opened new stock positions in CANADIAN NATL RY CO COM, UNITEDHEALTH GROUP INC COM (UNH) and UNION PAC CORP COM (UNP). The fund showed a lot of confidence in some stocks as they added substantially to CBIZ INC COM (CBZ), ALPHABET INC CAP STK CL C (GOOG) and APPLIED MATLS INC COM (AMAT).

Kensington Investment Counsel, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Kensington Investment Counsel, LLC made a return of 2.75% in the last quarter. In trailing 12 months, it's portfolio return was 2.94%.

New Buys

Ticker	$ Bought
canadian natl ry co com	3,078,900
unitedhealth group inc com	2,888,440
union pac corp com	2,696,040
transmedics group inc com	1,925,910
buckle inc com	244,788
palantir technologies inc cl a	222,370
tesla inc com	210,353

New stocks bought by Kensington Investment Counsel, LLC

Additions

Ticker	% Inc.
cbiz inc com	38.3
alphabet inc cap stk cl c	25.28
applied matls inc com	12.35
broadcom inc com	9.74
advanced micro devices inc com	9.12
meta platforms inc cl a	8.83
costco whsl corp new com	8.81
invesco qqq trust series i	8.75

Additions to existing portfolio by Kensington Investment Counsel, LLC

Reductions

Ticker	% Reduced
dicks sporting goods inc com	-28.08
spdr s&p 500 etf trust	-25.08
littelfuse inc com	-24.13
avalonbay cmntys inc com	-20.56
west pharmaceutical svsc inc com	-19.74
merck & co inc com	-17.68
csw industrials inc com	-12.59
enerpac tool group corp cl a com	-12.58

Kensington Investment Counsel, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
lkq corp com	-1,838,990
fidelity natl information svcs com	-205,560
disney walt co com	-217,762
chubb limited com	-254,954

Kensington Investment Counsel, LLC got rid off the above stocks

Sector Distribution

Kensington Investment Counsel, LLC has about 31.9% of it's holdings in Technology sector.

Sector	%
Technology	31.9
Industrials	17.2
Healthcare	14.4
Consumer Cyclical	10.1
Consumer Defensive	8.6
Financial Services	8.5
Others	4.5
Communication Services	2.6
Real Estate	1.1

Market Cap. Distribution

Kensington Investment Counsel, LLC has about 86.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	44.1
MEGA-CAP	42
MID-CAP	9.2
UNALLOCATED	4.5

Stocks belong to which Index?

About 80.7% of the stocks held by Kensington Investment Counsel, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	76.1
Others	19.4
RUSSELL 2000	4.6

Top 5 Winners (%)		%
GOOG	alphabet inc cap stk cl a	37.9 %
GOOG	alphabet inc cap stk cl c	32.3 %
APH	amphenol corp new cl a	25.3 %
ABBV	abbvie inc com	24.5 %
MOV	movado group inc com	24.4 %

Top 5 Winners ($)		$
AAPL	apple inc com	3.0 M
ABBV	abbvie inc com	1.6 M
WSM	williams sonoma inc com	1.5 M
GOOG	alphabet inc cap stk cl a	1.2 M
GD	general dynamics corp com	0.9 M

Top 5 Losers (%)		%
FDS	factset resh sys inc com	-34.6 %
TTD	the trade desk inc com cl a	-30.7 %
MORN	morningstar inc com	-25.1 %
CBZ	cbiz inc com	-23.4 %
DUOL	duolingo inc cl a com	-20.8 %

Top 5 Losers ($)		$
FDS	factset resh sys inc com	-1.0 M
MORN	morningstar inc com	-0.8 M
TTD	the trade desk inc com cl a	-0.8 M
ACN	accenture plc ireland shs class a	-0.8 M
MKC	mccormick & co inc com non vtg	-0.7 M

Kensington Investment Counsel, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Kensington Investment Counsel, LLC

Kensington Investment Counsel, LLC has 104 stocks in it's portfolio. About 36.7% of the portfolio is in top 10 stocks. FDS proved to be the most loss making stock for the portfolio. AAPL was the most profitable stock for Kensington Investment Counsel, LLC last quarter.

Last Reported on: 20 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc com	6.35	61,250	15,596,100	added	2.69

ABBV	abbvie inc com	3.41	36,163	8,373,180	added	1.54

ABR	arbor realty trust inc com	0.06	12,951	158,132	unchanged	0.00

ACN	accenture plc ireland shs class a	1.49	14,792	3,647,710	reduced	-1.57

ADBE	adobe inc com	0.27	1,904	671,636	added	2.37

AMAT	applied matls inc com	0.12	1,465	299,944	added	12.35

AMD	advanced micro devices inc com	0.23	3,567	577,105	added	9.12

AME	ametek inc com	0.99	12,944	2,433,470	reduced	-5.83

AMGN	amgen inc com	1.96	17,081	4,820,260	added	3.12

AMZN	amazon com inc com	0.84	9,357	2,054,520	added	4.42

APH	amphenol corp new cl a	0.12	2,400	297,000	unchanged	0.00

APPF	appfolio inc com cl a	0.10	900	248,094	unchanged	0.00

AVB	avalonbay cmntys inc com	1.06	13,494	2,606,640	reduced	-20.56

AVGO	broadcom inc com	0.78	5,815	1,918,430	added	9.74

BA	boeing co com	0.11	1,255	270,867	unchanged	0.00

BKE	buckle inc com	0.10	4,173	244,788	new

BR	broadridge finl solutions inc com	1.95	20,091	4,785,070	added	1.46

BX	blackstone inc com	0.40	5,753	982,900	unchanged	0.00

CB	chubb limited com	0.00	0.00	0.00	sold off	-100

CBZ	cbiz inc com	0.58	26,671	1,412,500	added	38.3