Mcmorgan & Co. LLC
McMorgan & Company LLC is a privately owned investment manager founded in 1969 and headquartered in San Francisco, California. The firm provides asset management and investment advisory services primarily to Taft-Hartley pension and profit sharing plans, as well as pooled vehicles, institutions, health and welfare funds, and employee benefit plans. McMorgan manages diverse client-focused portfolios, including equity, fixed income, real estate, and infrastructure, with more than $10.6 billion in assets under management. The company employs ERISA Fiduciaries and acts as a Qualified Professional Asset Manager (QPAM), and is recognized for its history of partnership with labor unions and pension plans.
Investment Strategy
McMorgan & Company employs a diversified investment approach spanning public equity, fixed income, real estate, and infrastructure, with significant expertise in value-add development and core real estate strategies. For equities, the team focuses on investing in high-quality businesses at significant discounts to their estimate of fair value using an in-depth, bottom-up fundamental analysis and a patient, long-term orientation. In real estate and infrastructure, the firm invests in core and value-add projects—particularly in Northern California—targeting strong and consistent cash flows, job creation, and risk-diversified portfolios for institutional investors. Their strategies for Taft-Hartley and institutional partners emphasize disciplined, benchmark-agnostic investing and sustainable growth across asset classes.
Top Holdings
Equity Positions (57)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BND | VANGUARD BD INDEX FDS | 20.25% | $137.4M | 1,865,460 | $82.55 | $73.63 | +$1.1M |
I IUSB | ISHARES TR | 11.37% | $77.1M | 1,668,414 | $49.09 | $46.23 | +$401.8K |
H HEFA | ISHARES TR | 6.53% | $44.3M | 1,166,527 | $36.20 | $37.96 | +$1.4M |
V VEA | VANGUARD TAX-MANAGED FDS | 6.11% | $41.4M | 727,043 | $49.81 | $57.01 | +$3.3M |
D DYNF | BLACKROCK ETF TRUST | 5.60% | $38.0M | 697,404 | $47.10 | $54.46 | +$3.5M |