McMorgan & Co. LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), McMorgan & Co. LLC reported 59 stock positions worth $649.5 million. Its top holding was Vanguard Total Bond Market (BND) at 22.1% of the portfolio, followed by Ishr CR Unvrse Usd BD ETF-Ui (IUSB, 11.5%) and Vanguard Ftse Developed ETF (VEA, 6.9%). Compared with Q2 2025, it opened 3 new positions, sold out of 1, added to 20 and reduced 36. The biggest buy was SS SPDR PF LNG TRM TSY E-Usd (SPTL, shares +39%) and the biggest sale Isha Curr Hedged MSCI Eafe (HEFA, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001162695
- Portfolio Value
- $649.5M (Q3 2025)
- SEC Filing
- 0001162695-25-000006 ↗ filed Nov 12, 2025
Holdings Value
Holdings 59 stocks · $649.5M
| BND Vanguard Total Bond Market | 22.05% | 1,925,928 | $143.2M | Add +3.2% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 11.49% | 1,597,324 | $74.6M | Reduce -4.3% |
| VEA Vanguard Ftse Developed ETF | 6.85% | 742,961 | $44.5M | Add +2.2% |
| JPST JPMorgan Ultra-Short Income | 6.60% | 844,992 | $42.9M | Add +19.0% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 5.91% | 1,425,064 | $38.4M | Add +38.6% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 5.74% | 629,246 | $37.3M | Reduce -9.8% |
| FLOT iShares Floating Rate Bond E | 4.41% | 560,175 | $28.6M | Add +19.1% |
| IVW iShares S&P 500 Growth ETF | 3.64% | 195,954 | $23.7M | Reduce -16.3% |
| QUAL iShares MSCI USA Quality Fac | 3.60% | 120,130 | $23.4M | Reduce -7.0% |
| GLDM SPDR Gold Minishares Trust | 3.14% | 266,857 | $20.4M | Reduce -6.9% |
| BINC iShares Flex I A ETF-Usd Inc. | 2.68% | 327,461 | $17.4M | Add +20.6% |
| THRO iShares U.S. Thematic Rotati | 2.63% | 451,654 | $17.1M | Reduce -22.6% |
| IVE iShares S&P 500 Value ETF | 2.55% | 80,351 | $16.6M | Reduce -4.5% |
| STIP iShares 0-5 Year Tips Bond E | 1.93% | 121,437 | $12.6M | Add +30.4% |
| OEF iShares S&P 100 ETF | 1.75% | 34,155 | $11.4M | Reduce -16.7% |
| BAI Ishrs AI in and Tech Act ETF | 1.64% | 312,369 | $10.7M | New |
| SHLD Global X Defense Tech ETF | 0.74% | 67,997 | $4.8M | New |
| INFA Informatica Inc. Class A | 0.57% | 149,684 | $3.7M | Reduce -21.8% |
| NSSC Napco Security Technologies | 0.55% | 82,551 | $3.5M | Reduce -37.0% |
| IIIV I3 Verticals Inc. Class A | 0.54% | 109,016 | $3.5M | Reduce -17.9% |
| EXLS Exlservice Holdings Inc. | 0.54% | 79,762 | $3.5M | Reduce -17.1% |
| VOO Vanguard S&P 500 ETF | 0.54% | 5,726 | $3.5M | Reduce -67.6% |
| SN Sharkninja Inc. | 0.54% | 33,873 | $3.5M | Reduce -18.6% |
| YOU Clear Secure Inc. Class A | 0.54% | 104,530 | $3.5M | Reduce -17.6% |
| BLKB Blackbaud Inc. | 0.50% | 50,295 | $3.2M | Reduce -7.5% |
| BL Blackline Inc. | 0.48% | 58,649 | $3.1M | Reduce -6.2% |
| CCC CCC Intelligent Solutions Ho | 0.46% | 329,551 | $3.0M | Reduce -17.9% |
| USMV iShares MSCI USA Min Vol Fac | 0.41% | 28,249 | $2.7M | Reduce -27.0% |
| CROX Crocs Inc. | 0.36% | 28,334 | $2.4M | Reduce -4.9% |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 0.36% | 220,507 | $2.4M | Add +17.9% |
| IMXI International Money Express | 0.35% | 164,443 | $2.3M | Reduce -18.2% |
| THRY Thryv Holdings Inc. | 0.35% | 189,524 | $2.3M | Add +7.0% |
| PBH Prestige Consumer Healthcare | 0.35% | 36,388 | $2.3M | Add +20.5% |
| OSW Onespaworld Holdings Ltd. | 0.35% | 106,202 | $2.2M | Reduce -17.7% |
| SPSC SPS Commerce Inc. | 0.34% | 21,387 | $2.2M | Add +50.6% |
| WSC Willscot Holdings Corp. | 0.34% | 104,113 | $2.2M | Reduce -2.3% |
| VVV Valvoline Inc. | 0.31% | 55,179 | $2.0M | New |
| GNTX Gentex Corp. | 0.30% | 68,061 | $1.9M | Reduce -18.1% |
| WH Wyndham Hotels & Resorts Inc. | 0.29% | 23,740 | $1.9M | Reduce -17.9% |
| VRNT Verint Systems Inc. | 0.27% | 88,043 | $1.8M | Reduce -18.7% |
| PLOW Douglas Dynamics Inc. | 0.27% | 56,424 | $1.8M | Reduce -18.3% |
| FC Franklin Covey Co. | 0.26% | 86,792 | $1.7M | Reduce -17.6% |
| GOOG Alphabet Inc. Class C | 0.25% | 6,790 | $1.7M | Add +0.1% |
| BV Brightview Holdings Inc. | 0.25% | 121,723 | $1.6M | Reduce -16.9% |
| HI Hillenbrand Inc. | 0.24% | 57,051 | $1.5M | Reduce -18.2% |
| CSCO Cisco Systems Inc. | 0.23% | 21,921 | $1.5M | Reduce -21.5% |
| MSFT Microsoft Corp. | 0.19% | 2,327 | $1.2M | Add +0.7% |
| ORCL Oracle Corp. | 0.16% | 3,713 | $1.0M | Add +0.2% |
| V Visa Inc. Class A | 0.16% | 3,038 | $1.0M | Reduce -1.0% |
| JNJ Johnson & Johnson | 0.16% | 5,542 | $1.0M | Add +0.5% |
| EWCZ European Wax Center Inc. Class A | 0.15% | 240,767 | $961K | Reduce -17.4% |
| SSTK Shutterstock Inc. | 0.14% | 42,565 | $887K | Reduce -18.9% |
| PM Philip Morris International | 0.12% | 4,760 | $772K | Add +1.4% |
| PEP Pepsico Inc. | 0.10% | 4,648 | $653K | Add +15.1% |
| DPZ Domino's Pizza Inc. | 0.09% | 1,409 | $608K | Add +1.8% |
| TMO Thermo Fisher Scientific Inc. | 0.07% | 873 | $423K | Add +2.3% |
| ZBH Zimmer Biomet Holdings Inc. | 0.06% | 3,648 | $359K | Add +1.4% |
| XLK SS Technology Select Sector | 0.05% | 1,253 | $353K | Reduce -97.7% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.04% | 6,850 | $271K | Reduce -99.4% |
Portfolio Sells Q2 2025 → Q3 2025
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -99.4% | 0.04% | −6.49 |
| XLK SS Technology Select Sector | Reduce -97.7% | 0.05% | −1.98 |
| VOO Vanguard S&P 500 ETF | Reduce -67.6% | 0.54% | −0.94 |
| MEDP Medpace Holdings Inc. | Sold out | 0.00% | −0.43 |
| THRO iShares U.S. Thematic Rotati | Reduce -22.6% | 2.63% | −0.43 |
| IVW iShares S&P 500 Growth ETF | Reduce -16.3% | 3.64% | −0.16 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -27.0% | 0.41% | −0.12 |
| INFA Informatica Inc. Class A | Reduce -21.8% | 0.57% | −0.11 |
| BV Brightview Holdings Inc. | Reduce -16.9% | 0.25% | −0.11 |
| FC Franklin Covey Co. | Reduce -17.6% | 0.26% | −0.10 |
| CCC CCC Intelligent Solutions Ho | Reduce -17.9% | 0.46% | −0.09 |
| EWCZ European Wax Center Inc. Class A | Reduce -17.4% | 0.15% | −0.09 |
| WSC Willscot Holdings Corp. | Reduce -2.3% | 0.34% | −0.09 |
| OEF iShares S&P 100 ETF | Reduce -16.7% | 1.75% | −0.09 |
| CROX Crocs Inc. | Reduce -4.9% | 0.36% | −0.08 |
| EXLS Exlservice Holdings Inc. | Reduce -17.1% | 0.54% | −0.08 |
| SN Sharkninja Inc. | Reduce -18.6% | 0.54% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -21.5% | 0.23% | −0.05 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -17.9% | 0.29% | −0.05 |
| BL Blackline Inc. | Reduce -6.2% | 0.48% | −0.04 |
| OSW Onespaworld Holdings Ltd. | Reduce -17.7% | 0.35% | −0.04 |
| VRNT Verint Systems Inc. | Reduce -18.7% | 0.27% | −0.04 |
| PLOW Douglas Dynamics Inc. | Reduce -18.3% | 0.27% | −0.03 |
| NSSC Napco Security Technologies | Reduce -37.0% | 0.55% | −0.03 |
| BLKB Blackbaud Inc. | Reduce -7.5% | 0.50% | −0.02 |
| SSTK Shutterstock Inc. | Reduce -18.9% | 0.14% | −0.01 |
| V Visa Inc. Class A | Reduce -1.0% | 0.16% | −0.00 |
| IIIV I3 Verticals Inc. Class A | Reduce -17.9% | 0.54% | +0.01 |
| YOU Clear Secure Inc. Class A | Reduce -17.6% | 0.54% | +0.02 |
| GNTX Gentex Corp. | Reduce -18.1% | 0.30% | +0.03 |
| HI Hillenbrand Inc. | Reduce -18.2% | 0.24% | +0.03 |
| IMXI International Money Express | Reduce -18.2% | 0.35% | +0.05 |
| QUAL iShares MSCI USA Quality Fac | Reduce -7.0% | 3.60% | +0.12 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -4.3% | 11.49% | +0.12 |
| IVE iShares S&P 500 Value ETF | Reduce -4.5% | 2.55% | +0.13 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Reduce -9.8% | 5.74% | +0.14 |
| GLDM SPDR Gold Minishares Trust | Reduce -6.9% | 3.14% | +0.37 |
Portfolio Buys Q2 2025 → Q3 2025
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +38.6% | 5.91% | +1.88 |
| BND Vanguard Total Bond Market | Add +3.2% | 22.05% | +1.81 |
| BAI Ishrs AI in and Tech Act ETF | New | 1.64% | +1.64 |
| JPST JPMorgan Ultra-Short Income | Add +19.0% | 6.60% | +1.29 |
| FLOT iShares Floating Rate Bond E | Add +19.1% | 4.41% | +0.87 |
| VEA Vanguard Ftse Developed ETF | Add +2.2% | 6.85% | +0.74 |
| SHLD Global X Defense Tech ETF | New | 0.74% | +0.74 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +20.6% | 2.68% | +0.57 |
| STIP iShares 0-5 Year Tips Bond E | Add +30.4% | 1.93% | +0.52 |
| VVV Valvoline Inc. | New | 0.31% | +0.31 |
| JAMF Jamf Holding Corp. | Add +17.9% | 0.36% | +0.10 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 0.25% | +0.08 |
| SPSC SPS Commerce Inc. | Add +50.6% | 0.34% | +0.06 |
| ORCL Oracle Corp. | Add +0.2% | 0.16% | +0.04 |
| THRY Thryv Holdings Inc. | Add +7.0% | 0.35% | +0.03 |
| JNJ Johnson & Johnson | Add +0.5% | 0.16% | +0.03 |
| PEP Pepsico Inc. | Add +15.1% | 0.10% | +0.02 |
| MSFT Microsoft Corp. | Add +0.7% | 0.19% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Add +2.3% | 0.07% | +0.01 |
| ZBH Zimmer Biomet Holdings Inc. | Add +1.4% | 0.06% | +0.01 |
| DPZ Domino's Pizza Inc. | Add +1.8% | 0.09% | +0.00 |
| PBH Prestige Consumer Healthcare | Add +20.5% | 0.35% | −0.01 |
| PM Philip Morris International | Add +1.4% | 0.12% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 37 | $664.0M | BND, VOO, IUSB, DYNF, SPTL |
| Q1 2026 | 40 | $618.1M | BND, VOO, IUSB, SPTL, DYNF |
| Q4 2025 | 45 | $603.5M | BND, IUSB, JPST, VEA, SPTL |
| Q3 2025 | 59 | $649.5M | BND, IUSB, VEA, JPST, SPTL |
| Q2 2025 | 57 | $678.4M | BND, IUSB, HEFA, VEA, DYNF |
| Q1 2025 | 57 | $624.9M | BND, IUSB, HEFA, VEA, DYNF |
| Q4 2024 | 56 | $646.5M | BND, IUSB, VOO, JPST, DYNF |
| Q3 2024 | 58 | $649.3M | BND, IUSB, VOO, JPST, DYNF |
| Q2 2024 | 56 | $630.3M | BND, IUSB, VOO, DYNF, JPST |
| Q1 2024 | 52 | $582.0M | BND, IUSB, VOO, EFV, EFG |