McMorgan & Co. LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), McMorgan & Co. LLC reported 45 stock positions worth $603.5 million. Its top holding was Vanguard Total Bond Market (BND) at 24.1% of the portfolio, followed by Ishr CR Unvrse Usd BD ETF-Ui (IUSB, 12.5%) and JPMorgan Ultra-Short Income (JPST, 8.4%). Compared with Q3 2025, it opened 1 new position, sold out of 15, added to 10 and reduced 34. The biggest buy was Vanguard Total Bond Market (BND, shares +2%) and the biggest sale an exit from Informatica Class A (INFA).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001162695
- Portfolio Value
- $603.5M (Q4 2025)
- SEC Filing
- 0001162695-26-000001 ↗ filed Feb 11, 2026
Holdings Value
Holdings 45 stocks · $603.5M
| BND Vanguard Total Bond Market | 24.13% | 1,966,377 | $145.6M | Add +2.1% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 12.46% | 1,615,139 | $75.2M | Add +1.1% |
| JPST JPMorgan Ultra-Short Income | 8.38% | 999,267 | $50.6M | Add +18.3% |
| VEA Vanguard Ftse Developed ETF | 7.82% | 755,421 | $47.2M | Add +1.7% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 6.41% | 1,461,101 | $38.7M | Add +2.5% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 6.33% | 628,061 | $38.2M | Reduce -0.2% |
| FLOT iShares Floating Rate Bond E | 5.60% | 665,056 | $33.8M | Add +18.7% |
| IVW iShares S&P 500 Growth ETF | 3.97% | 194,294 | $23.9M | Reduce -0.8% |
| QUAL iShares MSCI USA Quality Fac | 3.94% | 119,770 | $23.8M | Reduce -0.3% |
| GLDM SPDR Gold Minishares Trust | 3.32% | 234,992 | $20.1M | Reduce -11.9% |
| BINC iShares Flex I A ETF-Usd Inc. | 2.96% | 338,659 | $17.9M | Add +3.4% |
| THRO iShares U.S. Thematic Rotati | 2.86% | 448,153 | $17.3M | Reduce -0.8% |
| IVE iShares S&P 500 Value ETF | 2.79% | 79,448 | $16.8M | Reduce -1.1% |
| STIP iShares 0-5 Year Tips Bond E | 2.13% | 125,458 | $12.8M | Add +3.3% |
| OEF iShares S&P 100 ETF | 1.89% | 33,320 | $11.4M | Reduce -2.4% |
| BAI Ishrs AI in and Tech Act ETF | 1.80% | 327,075 | $10.9M | Add +4.7% |
| SHLD Global X Defense Tech ETF | 0.77% | 71,810 | $4.7M | Add +5.6% |
| VOO Vanguard S&P 500 ETF | 0.58% | 5,615 | $3.5M | Reduce -1.9% |
| USMV iShares MSCI USA Min Vol Fac | 0.44% | 28,130 | $2.6M | Reduce -0.4% |
| SN Sharkninja Inc. | 0.09% | 4,966 | $556K | Reduce -85.3% |
| YOU Clear Secure Inc. Class A | 0.09% | 15,330 | $538K | Reduce -85.3% |
| BL Blackline Inc. | 0.08% | 8,985 | $497K | Reduce -84.7% |
| EXLS Exlservice Holdings Inc. | 0.08% | 11,278 | $479K | Reduce -85.9% |
| NSSC Napco Security Technologies | 0.08% | 11,351 | $473K | Reduce -86.3% |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 0.08% | 35,463 | $461K | Reduce -83.9% |
| BLKB Blackbaud Inc. | 0.07% | 6,892 | $436K | Reduce -86.3% |
| IIIV I3 Verticals Inc. Class A | 0.07% | 16,381 | $413K | Reduce -85.0% |
| CCC CCC Intelligent Solutions Ho | 0.06% | 45,126 | $359K | Reduce -86.3% |
| CROX Crocs Inc. | 0.06% | 4,161 | $356K | Reduce -85.3% |
| PBH Prestige Consumer Healthcare | 0.05% | 5,163 | $319K | Reduce -85.8% |
| OSW Onespaworld Holdings Ltd. | 0.05% | 15,105 | $313K | Reduce -85.8% |
| WSC Willscot Holdings Corp. | 0.05% | 14,780 | $278K | Reduce -85.8% |
| GOOG Alphabet Inc. Class C | 0.05% | 877 | $275K | Reduce -87.1% |
| SPSC SPS Commerce Inc. | 0.05% | 3,068 | $273K | Reduce -85.7% |
| PLOW Douglas Dynamics Inc. | 0.05% | 8,367 | $273K | Reduce -85.2% |
| HI Hillenbrand Inc. | 0.05% | 8,575 | $272K | Reduce -85.0% |
| WH Wyndham Hotels & Resorts Inc. | 0.04% | 3,435 | $260K | Reduce -85.5% |
| GNTX Gentex Corp. | 0.04% | 10,345 | $241K | Reduce -84.8% |
| ITA iShares U.S. Aerospace & Def | 0.04% | 1,062 | $228K | New |
| XLK SS Technology Select Sector | 0.04% | 1,575 | $227K | Reduce -37.1% |
| BV Brightview Holdings Inc. | 0.04% | 17,410 | $221K | Reduce -85.7% |
| VVV Valvoline Inc. | 0.04% | 7,531 | $219K | Reduce -86.3% |
| FC Franklin Covey Co. | 0.03% | 11,064 | $186K | Reduce -87.3% |
| THRY Thryv Holdings Inc. | 0.03% | 26,836 | $162K | Reduce -85.8% |
| EWCZ European Wax Center Inc. Class A | 0.02% | 36,344 | $131K | Reduce -84.9% |
Portfolio Sells Q3 2025 → Q4 2025
| INFA Informatica Inc. Class A | Sold out | 0.00% | −0.57 |
| IIIV I3 Verticals Inc. Class A | Reduce -85.0% | 0.07% | −0.48 |
| NSSC Napco Security Technologies | Reduce -86.3% | 0.08% | −0.47 |
| EXLS Exlservice Holdings Inc. | Reduce -85.9% | 0.08% | −0.46 |
| YOU Clear Secure Inc. Class A | Reduce -85.3% | 0.09% | −0.45 |
| SN Sharkninja Inc. | Reduce -85.3% | 0.09% | −0.45 |
| BLKB Blackbaud Inc. | Reduce -86.3% | 0.07% | −0.43 |
| CCC CCC Intelligent Solutions Ho | Reduce -86.3% | 0.06% | −0.40 |
| BL Blackline Inc. | Reduce -84.7% | 0.08% | −0.40 |
| IMXI International Money Express | Sold out | 0.00% | −0.35 |
| THRY Thryv Holdings Inc. | Reduce -85.8% | 0.03% | −0.33 |
| CROX Crocs Inc. | Reduce -85.3% | 0.06% | −0.31 |
| SPSC SPS Commerce Inc. | Reduce -85.7% | 0.05% | −0.30 |
| PBH Prestige Consumer Healthcare | Reduce -85.8% | 0.05% | −0.30 |
| OSW Onespaworld Holdings Ltd. | Reduce -85.8% | 0.05% | −0.29 |
| WSC Willscot Holdings Corp. | Reduce -85.8% | 0.05% | −0.29 |
| JAMF Jamf Holding Corp. | Reduce -83.9% | 0.08% | −0.29 |
| VRNT Verint Systems Inc. | Sold out | 0.00% | −0.27 |
| VVV Valvoline Inc. | Reduce -86.3% | 0.04% | −0.27 |
| GNTX Gentex Corp. | Reduce -84.8% | 0.04% | −0.26 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -85.5% | 0.04% | −0.25 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.23 |
| FC Franklin Covey Co. | Reduce -87.3% | 0.03% | −0.23 |
| PLOW Douglas Dynamics Inc. | Reduce -85.2% | 0.05% | −0.23 |
| BV Brightview Holdings Inc. | Reduce -85.7% | 0.04% | −0.21 |
| GOOG Alphabet Inc. Class C | Reduce -87.1% | 0.05% | −0.21 |
| HI Hillenbrand Inc. | Reduce -85.0% | 0.05% | −0.19 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.19 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.16 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.16 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.16 |
| SSTK Shutterstock Inc. | Sold out | 0.00% | −0.14 |
| EWCZ European Wax Center Inc. Class A | Reduce -84.9% | 0.02% | −0.13 |
| PM Philip Morris International | Sold out | 0.00% | −0.12 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.10 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.09 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.07 |
| ZBH Zimmer Biomet Holdings Inc. | Sold out | 0.00% | −0.06 |
| HEFA Isha Curr Hedged MSCI Eafe | Sold out | 0.00% | −0.04 |
| XLK SS Technology Select Sector | Reduce -37.1% | 0.04% | −0.02 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.4% | 0.44% | +0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -1.9% | 0.58% | +0.04 |
| OEF iShares S&P 100 ETF | Reduce -2.4% | 1.89% | +0.14 |
| GLDM SPDR Gold Minishares Trust | Reduce -11.9% | 3.32% | +0.18 |
| THRO iShares U.S. Thematic Rotati | Reduce -0.8% | 2.86% | +0.23 |
| IVE iShares S&P 500 Value ETF | Reduce -1.1% | 2.79% | +0.24 |
| IVW iShares S&P 500 Growth ETF | Reduce -0.8% | 3.97% | +0.33 |
| QUAL iShares MSCI USA Quality Fac | Reduce -0.3% | 3.94% | +0.34 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Reduce -0.2% | 6.33% | +0.59 |
Portfolio Buys Q3 2025 → Q4 2025
| BND Vanguard Total Bond Market | Add +2.1% | 24.13% | +2.08 |
| JPST JPMorgan Ultra-Short Income | Add +18.3% | 8.38% | +1.78 |
| FLOT iShares Floating Rate Bond E | Add +18.7% | 5.60% | +1.20 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +1.1% | 12.46% | +0.97 |
| VEA Vanguard Ftse Developed ETF | Add +1.7% | 7.82% | +0.97 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +2.5% | 6.41% | +0.50 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +3.4% | 2.96% | +0.28 |
| STIP iShares 0-5 Year Tips Bond E | Add +3.3% | 2.13% | +0.20 |
| BAI Ishrs AI in and Tech Act ETF | Add +4.7% | 1.80% | +0.16 |
| ITA iShares U.S. Aerospace & Def | New | 0.04% | +0.04 |
| SHLD Global X Defense Tech ETF | Add +5.6% | 0.77% | +0.04 |
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 |