Have you tried sizing the fence while holding down the Shift key?
Yes. No matter what I do...change settings or resize the fence...it always shows the tops of the icons in the row below as in the image. I DO know about resizing and how to do it and I have tried it with and without the SHIFT key held down and the 1x1. 2x2..settings changed and tested..
My only other option is to not have multiple rows in a Fence, but that shouldn't be the case. I never had this problem before the update.
I will try uninstalling and reinstalling to see if that fixes it.