Kensington Capital Acquisition Corp is reported as having 1,300,000 Class A ordinary shares beneficially held by funds managed by the LMR Investment Managers, representing 5.7% of the class based on 23,000,000 Class A Ordinary Shares outstanding as of March 5, 2026. The shares are held directly by LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd, each owning 650,000 Units; each Unit consists of one Class A Ordinary Share, 1/4 of a Class 1 redeemable warrant and 3/4 of a Class 2 redeemable warrant. The Reporting Persons (LMR entities and principals Ben Levine and Stefan Renold) state they share voting and dispositive power over the aggregate 1,300,000 Class A Ordinary Shares as of March 31, 2026.
The filing also discloses that the Warrants held by the funds cover 162,500 Class A Ordinary Shares via Class 1 warrants and 487,500 Class A Ordinary Shares via Class 2 warrants, with an exercise price of $11.50 per share; the Warrants become exercisable 30 days after completion of the issuer's initial business combination and expire seven years after that completion.
Positive
None.
Negative
None.
Insights
LMR reports a passive 5.7% beneficial stake via managed funds.
The filing states the LMR Investment Managers control voting and dispositive power over 1,300,000 Class A Ordinary Shares held by two master funds, each owning 650,000 Units. Ownership is reported as shared voting and disposition power as of March 31, 2026.
Potential governance implications depend on whether holdings are engaged in proxy matters; subsequent filings or public statements would clarify voting intentions or any changes to shared control.
The position includes equity plus detachable warrants exercisable after a business combination.
The two master funds directly hold Units that include Class A shares plus Class 1 and Class 2 redeemable warrants exercisable at $11.50. The filing quantifies 162,500 Class 1 and 487,500 Class 2 warrant shares in aggregate.
Whether warrants convert to additional share supply depends on a future business combination and holder exercise decisions; timing and conversion are tied to that corporate milestone.
Key Figures
Shares beneficially owned:1,300,000 sharesPer-fund Units:650,000 UnitsOutstanding shares used:23,000,000 shares+4 more
7 metrics
Shares beneficially owned1,300,000 sharesAggregate held by LMR master funds as of March 31, 2026
Per-fund Units650,000 UnitsEach of LMR Master Fund and LMR CCSA Master Fund holds 650,000 Units
Outstanding shares used23,000,000 sharesClass A Ordinary Shares outstanding as of March 5, 2026
Aggregate stake5.7%Percentage of Class A Ordinary Shares represented by 1,300,000 shares
Class 1 warrant coverage162,500 sharesClass 1 redeemable warrants held via Units
Class 2 warrant coverage487,500 sharesClass 2 redeemable warrants held via Units
Warrant exercise price$11.50Exercise price per share for Class 1 and Class 2 warrants
Key Terms
Units, Class 1/Class 2 redeemable warrants, Beneficially owned, Shared voting power
4 terms
Unitsfinancial
"Each Unit consisting of one Class A Ordinary Share, one-quarter of one Class 1 redeemable warrant"
Units are bundled securities sold as one package in a financing—commonly a share paired with an instrument that gives the holder the right to buy more shares later. For investors this matters because a unit’s extra component can change future supply of shares and potential returns, similar to buying a combo with a coupon that can be redeemed later and alter what you actually receive and what others might own.
Class 1/Class 2 redeemable warrantsfinancial
"Class 1 redeemable warrants to purchase 162,500 Class A Ordinary Shares"
Beneficially ownedregulatory
"Amount beneficially owned: The information required by Items 4(a) - (c)"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Shared voting powerregulatory
"each of the Reporting Persons had shared power to vote or direct the vote of 1,300,000 Class A Ordinary Shares"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Kensington Capital Acquisition Corp VI
(Name of Issuer)
Class A ordinary shares, $0.0001 par value
(Title of Class of Securities)
G5235S123
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G5235S123
1
Names of Reporting Persons
LMR Partners LLP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,300,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,300,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,300,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.7 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
G5235S123
1
Names of Reporting Persons
LMR PARTNERS Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
HONG KONG
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,300,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,300,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,300,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.7 %
12
Type of Reporting Person (See Instructions)
CO, IA
SCHEDULE 13G
CUSIP Number(s):
G5235S123
1
Names of Reporting Persons
LMR Partners LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,300,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,300,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,300,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.7 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
CUSIP Number(s):
G5235S123
1
Names of Reporting Persons
LMR Partners AG
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SWITZERLAND
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,300,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,300,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,300,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.7 %
12
Type of Reporting Person (See Instructions)
CO, IA
SCHEDULE 13G
CUSIP Number(s):
G5235S123
1
Names of Reporting Persons
LMR PARTNERS (DIFC) Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED ARAB EMIRATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,300,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,300,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,300,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.7 %
12
Type of Reporting Person (See Instructions)
CO, IA
SCHEDULE 13G
CUSIP Number(s):
G5235S123
1
Names of Reporting Persons
LMR Partners (Ireland) Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
IRELAND
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,300,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,300,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,300,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.7 %
12
Type of Reporting Person (See Instructions)
CO, IA
SCHEDULE 13G
CUSIP Number(s):
G5235S123
1
Names of Reporting Persons
Ben Levine
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,300,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,300,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,300,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.7 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
CUSIP Number(s):
G5235S123
1
Names of Reporting Persons
Stefan Renold
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SWITZERLAND
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,300,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,300,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,300,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.7 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Kensington Capital Acquisition Corp VI
(b)
Address of issuer's principal executive offices:
1400 Old Country Road, Suite 301, Westbury, New York, 11590
Item 2.
(a)
Name of person filing:
This statement is filed by: (i) LMR Partners LLP, LMR Partners Limited, LMR Partners LLC, LMR Partners AG, LMR Partners (DIFC) Limited and LMR Partners (Ireland) Limited (collectively, the "LMR Investment Managers"), which serve as the investment managers to certain funds with respect to the shares of Class A ordinary shares, $0.0001 par value ("Class A Ordinary Shares"), held by certain funds; and (ii) Ben Levine and Stefan Renold, who are ultimately in control of the investment and voting decisions of the LMR Investment Managers with respect to the securities held by certain funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons."
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is c/o LMR Partners LLP, 9th Floor, Devonshire House, 1 Mayfair Place, London, W1J 8AJ, United Kingdom.
(c)
Citizenship:
LMR Partners LLP is a United Kingdom limited liability partnership. LMR Partners Limited is a Hong Kong corporation. LMR Partners LLC is a Delaware limited liability company. LMR Partners AG is a Swiss corporation. LMR Partners (DIFC) Limited is a United Arab Emirates corporation. LMR Partners (Ireland) Limited is a limited company incorporated in Ireland. Ben Levine is a citizen of the United Kingdom. Stefan Renold is a citizen of Switzerland.
(d)
Title of class of securities:
Class A ordinary shares, $0.0001 par value
(e)
CUSIP Number(s):
G5235S123
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Investment Adviser
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
As of March 31, 2026:
The Class A Ordinary Shares beneficially owned by the Reporting Persons are directly held by LMR Multi-Strategy Master Fund Limited ("LMR Master Fund") and LMR CCSA Master Fund Ltd ("LMR CCSA Master Fund"). Each of LMR Master Fund and LMR CCSA Master Fund acquired 650,000 units of the Issuer's securities ("Units") in the Issuer's initial public offering, with each Unit consisting of one Class A Ordinary Share, one-quarter (1/4) of one Class 1 redeemable warrant and three-quarters (3/4) of one Class 2 redeemable warrant (each whole Class 1 redeemable warrant and each whole Class 2 redeemable warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share). By virtue of holding the Units, each of LMR Master Fund and LMR CCSA Master Fund directly holds 650,000 Class A Ordinary Shares, with a total of 1,300,000 Class A Ordinary Shares in the aggregate (the "LMR Shares").
In addition to the LMR Shares, by virtue of holding the Units, each of LMR Master Fund and LMR CCSA Master Fund also directly holds (i) Class 1 redeemable warrants to purchase 162,500 Class A Ordinary Shares and (ii) Class 2 redeemable warrants to purchase 487,500 Class A Ordinary Shares (together, the "Warrants"). The Warrants have an exercise price of $11.50 per Class A Ordinary Share and are exercisable 30 days after the completion of the Issuer's initial business combination, and will expire seven years after the completion of the Issuer's initial business combination or earlier upon redemption or the Issuer's liquidation.
(b)
Percent of class:
As of March 31, 2026:
The Class A Ordinary Shares held by each of LMR Master Fund and LMR CCSA Master Fund represent approximately 2.8% and the LMR Shares in the aggregate represent approximately 5.7% of the outstanding Class A Ordinary Shares, based on 23,000,000 Class A Ordinary Shares of the Issuer outstanding as of March 5, 2026, as reported in the Issuer's Form 8-K filed with the Securities and Exchange Commission on March 5, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
As of March 31, 2026, each of the Reporting Persons had sole power to vote or direct the vote of 0 Class A Ordinary Shares.
(ii) Shared power to vote or to direct the vote:
As of March 31, 2026, each of the Reporting Persons had shared power to vote or direct the vote of 1,300,000 Class A Ordinary Shares.
(iii) Sole power to dispose or to direct the disposition of:
As of March 31, 2026, each of the Reporting Persons had sole power to dispose or to direct the disposition of 0 Class A Ordinary Shares.
(iv) Shared power to dispose or to direct the disposition of:
As of March 31, 2026, each of the Reporting Persons had shared power to dispose or to direct the disposition of 1,300,000 Class A Ordinary Shares.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The securities beneficially owned by the Reporting Persons are directly held by LMR Master Fund and LMR CCSA Master Fund, for which the LMR Investment Managers serve as the investment managers.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to LMR Partners LLP, LMR Partners Limited, LMR Partners AG, LMR Partners (DIFC) Limited and LMR Partners (Ireland) Limited is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
How many Kensington (KCA) Class A shares does LMR report owning?
LMR reports beneficial ownership of 1,300,000 Class A Ordinary Shares held by two master funds, each owning 650,000 Units, as of March 31, 2026. The figure is presented as shared voting and dispositive power.
What percentage of KCA outstanding shares does LMR's stake represent?
The filing states the aggregate stake represents approximately 5.7% of Class A Ordinary Shares, based on 23,000,000 outstanding shares reported as of March 5, 2026. The percentage is calculated from that reported outstanding base.
Do LMR's holdings include warrants convertible into KCA shares?
Yes. By holding Units, the funds hold 162,500 Class 1 and 487,500 Class 2 redeemable warrants exercisable at $11.50 per share, exercisable 30 days after the issuer completes its initial business combination and expiring seven years thereafter.
Who are the reporting persons for this Schedule 13G filing?
The reporting persons are the collective LMR Investment Managers (several LMR entities) and principals Ben Levine and Stefan Renold, who the filing says control investment and voting decisions for the funds holding the securities.
What voting and disposition powers does LMR claim over the shares?
As of March 31, 2026, the filing reports 0 sole power to vote or dispose and 1,300,000 shared power to vote and to dispose of the Class A Ordinary Shares held by the funds.
