MCMORGAN & CO LLC
Long book
$618.1M
Q1 2026
Positions
40
Top-10 weight
78%
concentration
Last quarter
+6.9%
SPY +14.8%
Turnover
23%
of book per quarter
Strategy in plain words
auto-generated from filingsMCMORGAN & CO LLC is a wealth-management firm allocating client money, specialised in financials (75% of the long book), running a $618.1M US long book across 40 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD TOTAL BOND MARKET, VANGUARD S&P 500 ETF, ISHR CR UNVRSE USD BD ETF-UI, SS SPDR PF LNG TRM TSY E-USD, ISHRS US E F R A ETF-USD INC.
Over the last 9 quarters its long book ran on average 2pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.7%
Q2 2024
+4.8%
Q3 2024
-1.1%
Q4 2024
-0.9%
Q1 2025
+5.2%
Q2 2025
+4.8%
Q3 2025
+1.3%
Q4 2025
-0.5%
Q1 2026
+6.9%
Sector allocation
Technology 39%
Services media 24%
Industrials 17%
Other 10%
Healthcare 6%
Consumer staples 4%
Long book by quarter
What does MCMORGAN & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| YOU CLEAR SECURE INC -CLASS A | Technology | 11.0K | $530K | 0.1% | -28.5% |
| SN SHARKNINJA INC | Industrials | 3.7K | $394K | 0.1% | -25.1% |
| NSSC NAPCO SECURITY TECHNOLOGIES | Technology | 7.8K | $305K | 0.0% | -31.7% |
| IIIV I3 VERTICALS INC-CLASS A | Technology | 12.3K | $274K | 0.0% | -25.1% |
| PLOW DOUGLAS DYNAMICS INC | Industrials | 6.1K | $258K | 0.0% | -26.7% |
| CROX CROCS INC | Other | 3.0K | $252K | 0.0% | -27.0% |
| OSW ONESPAWORLD HOLDINGS LTD | Services media | 10.8K | $249K | 0.0% | -28.3% |
| EXLS EXLSERVICE HOLDINGS INC | Services media | 7.8K | $237K | 0.0% | -31.1% |
| PBH PRESTIGE CONSUMER HEALTHCARE | Healthcare | 3.9K | $229K | 0.0% | -25.2% |
| BL BLACKLINE INC | Technology | 6.0K | $222K | 0.0% | -33.2% |
| WH WYNDHAM HOTELS & RESORTS INC | Services media | 2.6K | $209K | 0.0% | -25.2% |
| CCC CCC INTELLIGENT SOLUTIONS HO | Technology | 34.0K | $204K | 0.0% | -24.6% |
| WSC WILLSCOT HOLDINGS CORP | Services media | 11.6K | $202K | 0.0% | -21.2% |
| EWCZ EUROPEAN WAX CENTER INC-A | — | 27.2K | $157K | 0.0% | -25.2% |
| BV BRIGHTVIEW HOLDINGS INC | Consumer staples | 12.6K | $148K | 0.0% | -27.8% |
| THRY THRYV HOLDINGS INC | Services media | 21.0K | $58K | 0.0% | -21.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 40 | $618.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 45 | $603.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 59 | $649.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 57 | $678.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 57 | $624.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 56 | $646.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 58 | $649.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 56 | $630.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 52 | $582.0M | canonical | SEC ↗ |