MCMORGAN & CO LLC

Fund of Funds

MCMORGAN & CO LLC is a Fund of Funds based in Orinda, CA led by John F. Scott Santaguida, reporting $7.4B in AUM as of Q3 2025 with 82% ETF concentration, 75% concentrated in top 10 holdings, and 22% allocation to BND.

CEOJohn F. Scott Santaguida

Portfolio Value: $638.8M
Positions: 58
Top Holding: BND at 22.42%
Last Reported: Q3 2025

Address89 Davis Road, Suite 100, Orinda, CA, 94563, United States

Top Holdings

Largest long holdings in MCMORGAN & CO LLC's portfolio (74.7% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard Total Bond Market BND	ETF ETF	$143.2M	22.42%	+$4.5M Bought	— 1.9M shares	Q3 2021 Held for 4y 2m
2 iShares Core Total USD Bond Market IUSB	ETF ETF	$74.6M	11.68%	-$3.3M Sold	— 1.6M shares	Q2 2021 Held for 4y 5m
3 Vanguard FTSE Developed Markets VEA	ETF ETF	$44.5M	6.97%	+$953.8K Bought	— 743.0K shares	Q4 2024 Held for 11 months
4 JPMorgan Ultra-Short Income JPST	ETF ETF	$42.9M	6.71%	+$6.8M Bought	— 845.0K shares	Q2 2021 Held for 4y 5m
5 SPDR Portfolio Long Term Treasury SPTL	ETF ETF	$38.4M	6.01%	+$10.7M Bought	— 1.4M shares	Q2 2021 Held for 4y 5m
6 BlackRock U.S. Equity Factor Rotation DYNF	ETF ETF	$37.3M	5.83%	-$4.0M Sold	— 629.2K shares	Q2 2024 Held for 1y 5m
7 iShares Floating Rate Bond FLOT	ETF ETF	$28.6M	4.48%	+$4.6M Bought	— 560.2K shares	Q1 2022 Held for 3y 8m
8 iShares S&P 500 Growth ETF IVW	ETF ETF	$23.7M	3.70%	-$4.6M Sold	— 196.0K shares	Q2 2023 Held for 2y 5m
9 iShares MSCI USA Quality Factor QUAL	ETF ETF	$23.4M	3.66%	-$1.8M Sold	— 120.1K shares	Q4 2023 Held for 1y 11m
10 GLDM SPDR Gold MiniShares Trust GLDM	Unknown Unknown	$20.4M	3.19%	-$1.5M Sold	— 266.9K shares	Q1 2025 Held for 8 months

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in MCMORGAN & CO LLC's latest filing

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GthenC

Market Value

$638.8M

Prior: $678.4M

Q/Q Change

-5.84%

-$39.6M

Net Flows % of MV

-10.26%

Turnover Ratio

7.46%

New Purchases

3 stocks

$9.8M

Added To

20 stocks

+$35.2M

Sold Out Of

2 stocks

$6.7M

Reduced Holdings

35 stocks

-$103.8M

Increased Positions

Position	Shares Δ	Change
1 Global X Defense Tech SHLD	New	0 → 68.0K +$4.8M
2 CCC CCC Intelligent Solutions Holdings Inc. CCC	New	0 → 329.6K +$3.0M
3 Valvoline VVV	New	0 → 55.2K +$2.0M
4 SPS Commerce SPSC	+50.6%	14.2K → 21.4K +$748.3K
5 SPDR Portfolio Long Term Treasury SPTL	+38.59%	1.0M → 1.4M +$10.7M

Decreased Positions

Position	Shares Δ	Change
1 CCC Intelligent Solutions Holdings Inc. CCCS	Sold	401.2K → 0 −$3.8M
2 Medpace Holdings, Inc. MEDP	Sold	9.4K → 0 −$2.9M
3 iShares Currency Hedged MSCI EAFE HEFA	-99.41%	1.2M → 6.9K −$45.9M
4 Technology Select Sector SPDR Fund XLK	-97.7%	54.4K → 1.3K −$15.0M
5 Vanguard S&P 500 ETF VOO	-67.64%	17.7K → 5.7K −$7.3M