Deseret Mutual Benefit Administrators
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), Deseret Mutual Benefit Administrators reported 501 stock positions worth $201.5 million. Its top holding was Invesco Russell 1000 DYN M/F (OMFL) at 21.0% of the portfolio, followed by Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, 9.0%) and Vaneck Ig Floating Rate ETF (FLTR, 7.5%). Compared with Q4 2024, it opened 13 new positions, sold out of 1, added to 151 and reduced 100. The biggest buy was Vaneck Clo ETF (CLOI, shares +126%) and the biggest sale JPMorgan Ultra-Short Income (JPST, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001789351
- Portfolio Value
- $201.5M (Q1 2025)
- SEC Filing
- 0001789351-25-000006 ↗ filed Apr 25, 2025
Holdings Value
Holdings 501 stocks · $201.5M
| OMFL Invesco Russell 1000 DYN M/F | 20.98% | 792,983 | $42.3M | No change |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 8.95% | 228,669 | $18.0M | Add +0.9% |
| FLTR Vaneck Ig Floating Rate ETF | 7.50% | 591,355 | $15.1M | Reduce -16.0% |
| CLOI Vaneck Clo ETF | 4.50% | 171,701 | $9.1M | Add +125.6% |
| AAPL Apple Inc. | 2.37% | 21,529 | $4.8M | Reduce -2.0% |
| META Meta Platforms Inc. Class A | 1.42% | 4,977 | $2.9M | Reduce -1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.25% | 4,718 | $2.5M | Reduce -0.7% |
| LLY Eli Lilly & Co. | 1.19% | 2,907 | $2.4M | Reduce -6.4% |
| CSCO Cisco Systems Inc. | 1.17% | 38,265 | $2.4M | Add +2.6% |
| JNJ Johnson & Johnson | 1.12% | 13,623 | $2.3M | Add +6.0% |
| ABBV Abbvie Inc. | 1.08% | 10,423 | $2.2M | Add +7.9% |
| GILD Gilead Sciences Inc. | 0.99% | 17,848 | $2.0M | Add +4.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.96% | 7,799 | $1.9M | Reduce -17.2% |
| ORCL Oracle Corp. | 0.93% | 13,364 | $1.9M | Reduce -14.8% |
| HD Home Depot Inc. | 0.87% | 4,762 | $1.7M | Add +7.3% |
| ANGL Vaneck Fallen Angel High YLD | 0.85% | 59,671 | $1.7M | Add +1.0% |
| PG The Procter & Gamble Co. | 0.82% | 9,647 | $1.6M | Add +1.7% |
| WMT Walmart Inc. | 0.78% | 17,926 | $1.6M | Reduce -8.3% |
| AVGO Broadcom Inc. | 0.77% | 9,250 | $1.5M | Add +15.2% |
| MMM 3M Co. | 0.73% | 9,967 | $1.5M | Add +5.2% |
| KO The Coca-Cola Co. | 0.71% | 20,099 | $1.4M | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 0.71% | 9,274 | $1.4M | Add +1.9% |
| PEP Pepsico Inc. | 0.69% | 9,329 | $1.4M | Add +5.5% |
| MRK Merck & Co. Inc. | 0.69% | 15,496 | $1.4M | Add +4.7% |
| VZ Verizon Communications Inc. | 0.69% | 30,566 | $1.4M | Add +0.0% |
| MSFT Microsoft Corp. | 0.67% | 3,615 | $1.4M | Add +6.7% |
| AMGN Amgen Inc. | 0.67% | 4,319 | $1.3M | Reduce -12.8% |
| V Visa Inc. Class A | 0.57% | 3,281 | $1.1M | Add +8.5% |
| BKNG Booking Holdings Inc. | 0.57% | 249 | $1.1M | Add +4.2% |
| XOM Exxon Mobil Corp. | 0.57% | 9,602 | $1.1M | Reduce -0.4% |
| QCOM Qualcomm Inc. | 0.57% | 7,434 | $1.1M | Reduce -3.8% |
| MCD McDonald's Corp. | 0.56% | 3,627 | $1.1M | Add +5.5% |
| LMT Lockheed Martin Corp. | 0.54% | 2,428 | $1.1M | Add +4.8% |
| PFE Pfizer Inc. | 0.53% | 41,910 | $1.1M | Add +8.2% |
| LOW Lowe's Cos Inc. | 0.52% | 4,459 | $1.0M | Add +8.7% |
| AMZN Amazon.com Inc. | 0.51% | 5,430 | $1.0M | Add +6.7% |
| JPM JPMorgan Chase & Co. | 0.51% | 4,183 | $1.0M | Reduce -7.4% |
| JPST JPMorgan Ultra-Short Income | 0.50% | 19,795 | $1.0M | Reduce -83.6% |
| UNP Union Pacific Corp. | 0.49% | 4,182 | $988K | Reduce -2.1% |
| CVS CVS Health Corp. | 0.48% | 14,292 | $968K | Add +5.4% |
| COST Costco Wholesale Corp. | 0.47% | 1,005 | $951K | No change |
| TXN Texas Instruments Inc. | 0.45% | 5,078 | $913K | Add +5.9% |
| T AT&T Inc. | 0.44% | 31,450 | $889K | Add +33.5% |
| BMY Bristol-Myers Squibb Co. | 0.43% | 14,313 | $873K | Add +9.6% |
| TGT Target Corp. | 0.42% | 8,177 | $853K | Add +3.5% |
| ACN Accenture PLC Class A | 0.40% | 2,608 | $814K | Add +7.1% |
| CVX Chevron Corp. | 0.38% | 4,576 | $766K | Add +3.0% |
| MA Mastercard Inc. Class A | 0.37% | 1,370 | $751K | Reduce -8.2% |
| AMAT Applied Materials Inc. | 0.36% | 4,951 | $718K | Add +1.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 16,515 | $689K | Reduce -5.5% |
| CHTR Charter Communications Inc. Class A | 0.34% | 1,848 | $681K | Add +43.9% |
| WFC Wells Fargo & Co. | 0.32% | 9,021 | $648K | Reduce -9.6% |
| INTC Intel Corp. | 0.31% | 27,116 | $616K | Add +8.7% |
| CAT Caterpillar Inc. | 0.30% | 1,859 | $613K | Add +2.1% |
| CMCSA Comcast Corp. Class A | 0.30% | 16,581 | $612K | Add +6.6% |
| C Citigroup Inc. | 0.28% | 8,066 | $573K | Reduce -8.8% |
| UNH Unitedhealth Group Inc. | 0.28% | 1,083 | $567K | Add +5.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 4,490 | $547K | Reduce -4.5% |
| EBAY eBay Inc. | 0.26% | 7,745 | $525K | Reduce -1.5% |
| LRCX Lam Research Corp. | 0.26% | 7,091 | $516K | New |
| UPS United Parcel Service Class B | 0.25% | 4,634 | $510K | Add +6.0% |
| MET Metlife Inc. | 0.25% | 6,249 | $502K | Reduce -17.3% |
| AON Aon PLC Class A | 0.24% | 1,227 | $490K | Add +4.1% |
| HCA HCA Healthcare Inc. | 0.24% | 1,394 | $482K | Add +4.3% |
| PGR Progressive Corp. | 0.24% | 1,681 | $476K | Add +2.1% |
| CL Colgate-Palmolive Co. | 0.22% | 4,835 | $453K | Add +3.2% |
| HPQ HP Inc. | 0.21% | 15,580 | $431K | Reduce -3.6% |
| AFL Aflac Inc. | 0.21% | 3,820 | $425K | Add +7.1% |
| ORLY O'reilly Automotive Inc. | 0.21% | 291 | $417K | Add +3.2% |
| ADP Automatic Data Processing | 0.20% | 1,320 | $403K | Add +8.1% |
| CSX CSX Corp. | 0.20% | 13,535 | $398K | Add +5.8% |
| HWM Howmet Aerospace Inc. | 0.20% | 3,041 | $395K | Add +5.1% |
| NOC Northrop Grumman Corp. | 0.20% | 769 | $394K | Reduce -16.6% |
| TMUS T-Mobile US Inc. | 0.19% | 1,463 | $390K | Reduce -0.1% |
| KR Kroger Co. | 0.19% | 5,747 | $389K | Reduce -7.0% |
| PRU Prudential Financial Inc. | 0.19% | 3,395 | $379K | Reduce -21.4% |
| MRSH Marsh & McLennan Cos | 0.19% | 1,548 | $378K | Add +3.4% |
| REGN Regeneron Pharmaceuticals | 0.18% | 575 | $365K | Reduce -7.4% |
| AIG American International Group | 0.18% | 4,090 | $356K | Reduce -33.5% |
| KMB Kimberly-Clark Corp. | 0.18% | 2,498 | $355K | Add +4.5% |
| ITW Illinois Tool Works | 0.18% | 1,431 | $355K | Add +3.3% |
| SYF Synchrony Financial | 0.17% | 6,589 | $349K | Reduce -10.0% |
| MDLZ Mondelez International Inc. Class A | 0.17% | 5,098 | $346K | Add +5.6% |
| MCK McKesson Corp. | 0.17% | 506 | $341K | Reduce -7.3% |
| COP Conocophillips | 0.17% | 3,177 | $334K | Add +3.9% |
| GM General Motors Co. | 0.16% | 6,866 | $323K | No change |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.16% | 320 | $316K | Reduce -12.1% |
| BBY Best Buy Co. Inc. | 0.16% | 4,279 | $315K | Add +4.4% |
| KLAC KLA Corp. | 0.15% | 455 | $309K | Reduce -4.8% |
| LYB Lyondellbasell Indu Class A | 0.15% | 4,360 | $307K | Add +3.8% |
| AMP Ameriprise Financial Inc. | 0.15% | 632 | $306K | Reduce -5.4% |
| YUM Yum! Brands Inc. | 0.15% | 1,932 | $304K | No change |
| EMR Emerson Electric Co. | 0.15% | 2,717 | $298K | No change |
| CI The Cigna Group | 0.15% | 905 | $298K | Add +13.1% |
| GS Goldman Sachs Group Inc. | 0.15% | 544 | $297K | Reduce -8.7% |
| GLW Corning Inc. | 0.14% | 6,077 | $278K | Reduce -2.4% |
| SPG Simon Property Group Inc. | 0.13% | 1,622 | $269K | Reduce -4.4% |
| BX Blackstone Inc. | 0.13% | 1,884 | $263K | Reduce -5.7% |
| RTX RTX Corp. | 0.13% | 1,963 | $260K | No change |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.13% | 2,828 | $260K | Add +4.2% |
Lines left out (1) · $11 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| ATMU Atmus Filtration Technologie | COM | 0 | $11 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $201.5M.
Portfolio Sells Q4 2024 → Q1 2025
| JPST JPMorgan Ultra-Short Income | Reduce -83.6% | 0.50% | −2.49 |
| FLTR Vaneck Ig Floating Rate ETF | Reduce -16.0% | 7.50% | −1.32 |
| ORCL Oracle Corp. | Reduce -14.8% | 0.93% | −0.36 |
| AAPL Apple Inc. | Reduce -2.0% | 2.37% | −0.33 |
| WMT Walmart Inc. | Reduce -8.3% | 0.78% | −0.09 |
| PRU Prudential Financial Inc. | Reduce -21.4% | 0.19% | −0.06 |
| SYF Synchrony Financial | Reduce -10.0% | 0.17% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -17.2% | 0.96% | −0.06 |
| MET Metlife Inc. | Reduce -17.3% | 0.25% | −0.06 |
| HPQ HP Inc. | Reduce -3.6% | 0.21% | −0.05 |
| AIG American International Group | Reduce -33.5% | 0.18% | −0.04 |
| TDG Transdigm Group Inc. | Reduce -74.0% | 0.02% | −0.04 |
| TSCO Tractor Supply Company | Reduce -38.7% | 0.07% | −0.04 |
| NTAP Netapp Inc. | Reduce -14.0% | 0.07% | −0.04 |
| BX Blackstone Inc. | Reduce -5.7% | 0.13% | −0.04 |
| REGN Regeneron Pharmaceuticals | Reduce -7.4% | 0.18% | −0.04 |
| BAC Bank of America Corp. | Reduce -5.5% | 0.34% | −0.04 |
| IRM Iron Mountain Inc. | Reduce -21.8% | 0.06% | −0.04 |
| GWW WW Grainger Inc. | Reduce -12.1% | 0.16% | −0.03 |
| CARR Carrier Global Corp. | Reduce -29.1% | 0.06% | −0.03 |
| META Meta Platforms Inc. Class A | Reduce -1.5% | 1.42% | −0.03 |
| STX Seagate Technology Holdings | Reduce -22.9% | 0.10% | −0.03 |
| BIIB Biogen Inc. | Reduce -13.9% | 0.09% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -7.4% | 0.51% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -9.6% | 0.32% | −0.02 |
| ALL Allstate Corp. | Reduce -32.6% | 0.06% | −0.02 |
| AMP Ameriprise Financial Inc. | Reduce -5.4% | 0.15% | −0.02 |
| C Citigroup Inc. | Reduce -8.8% | 0.28% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -5.1% | 0.06% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -8.7% | 0.15% | −0.02 |
| HPE Hewlett Packard Enterprise | Reduce -5.1% | 0.04% | −0.02 |
| MS Morgan Stanley | Reduce -7.7% | 0.12% | −0.02 |
| MAR Marriott International Class A | Reduce -4.2% | 0.08% | −0.02 |
| NOC Northrop Grumman Corp. | Reduce -16.6% | 0.20% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -3.8% | 0.57% | −0.02 |
| PFG Principal Financial Group | Reduce -46.5% | 0.02% | −0.02 |
| CMA Comerica Inc. | Reduce -31.6% | 0.03% | −0.02 |
| DVA Davita Inc. | Reduce -14.8% | 0.11% | −0.01 |
| CMI Cummins Inc. | Reduce -2.9% | 0.11% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -8.2% | 0.37% | −0.01 |
| WDC Western Digital Corp. | Reduce -10.5% | 0.02% | −0.01 |
| HII Huntington Ingalls Industrie | Reduce -48.1% | 0.02% | −0.01 |
| GEHC GE Healthcare Technology | Reduce -13.2% | 0.11% | −0.01 |
| SPG Simon Property Group Inc. | Reduce -4.4% | 0.13% | −0.01 |
| CRBG Corebridge Financial Inc. | Reduce -21.9% | 0.05% | −0.01 |
| DGX Quest Diagnostics Inc. | Reduce -27.0% | 0.05% | −0.01 |
| PNC PNC Financial Services Group | Reduce -4.1% | 0.07% | −0.01 |
| JEF Jefferies Financial Group Inc. | Reduce -26.3% | 0.01% | −0.01 |
| SW Smurfit Westrock PLC | Reduce -49.8% | 0.01% | −0.01 |
| TJX TJX Companies Inc. | Reduce -4.5% | 0.27% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| CLOI Vaneck Clo ETF | Add +125.6% | 4.50% | +2.53 |
| LRCX Lam Research Corp. | New | 0.26% | +0.26 |
| ABBV Abbvie Inc. | Add +7.9% | 1.08% | +0.24 |
| GILD Gilead Sciences Inc. | Add +4.6% | 0.99% | +0.22 |
| JNJ Johnson & Johnson | Add +6.0% | 1.12% | +0.21 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +0.9% | 8.95% | +0.19 |
| CVS CVS Health Corp. | Add +5.4% | 0.48% | +0.18 |
| T AT&T Inc. | Add +33.5% | 0.44% | +0.18 |
| MMM 3M Co. | Add +5.2% | 0.73% | +0.12 |
| CHTR Charter Communications Inc. Class A | Add +43.9% | 0.34% | +0.12 |
| KO The Coca-Cola Co. | Add +0.7% | 0.71% | +0.10 |
| V Visa Inc. Class A | Add +8.5% | 0.57% | +0.10 |
| VZ Verizon Communications Inc. | Add +0.0% | 0.69% | +0.09 |
| CSCO Cisco Systems Inc. | Add +2.6% | 1.17% | +0.09 |
| NFLX Netflix Inc. | Add +132.5% | 0.13% | +0.07 |
| MCD McDonald's Corp. | Add +5.5% | 0.56% | +0.07 |
| BLK BlackRock Inc. | New | 0.07% | +0.07 |
| BMY Bristol-Myers Squibb Co. | Add +9.6% | 0.43% | +0.07 |
| CVX Chevron Corp. | Add +3.0% | 0.38% | +0.06 |
| INTC Intel Corp. | Add +8.7% | 0.31% | +0.06 |
| ORLY O'reilly Automotive Inc. | Add +3.2% | 0.21% | +0.04 |
| PGR Progressive Corp. | Add +2.1% | 0.24% | +0.04 |
| HCA HCA Healthcare Inc. | Add +4.3% | 0.24% | +0.04 |
| HWM Howmet Aerospace Inc. | Add +5.1% | 0.20% | +0.04 |
| CI The Cigna Group | Add +13.1% | 0.15% | +0.04 |
| AON Aon PLC Class A | Add +4.1% | 0.24% | +0.03 |
| PG The Procter & Gamble Co. | Add +1.7% | 0.82% | +0.03 |
| SPGI S&P Global Inc. | Add +36.6% | 0.11% | +0.03 |
| PEP Pepsico Inc. | Add +5.5% | 0.69% | +0.03 |
| ELV Elevance Health Inc. | Add +14.3% | 0.12% | +0.03 |
| MRSH Marsh & McLennan Cos | Add +3.4% | 0.19% | +0.03 |
| MDLZ Mondelez International Inc. Class A | Add +5.6% | 0.17% | +0.03 |
| AFL Aflac Inc. | Add +7.1% | 0.21% | +0.03 |
| EXE Expand Energy Corp. | Add +169.0% | 0.04% | +0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Add +26.0% | 0.08% | +0.03 |
| UNH Unitedhealth Group Inc. | Add +5.3% | 0.28% | +0.03 |
| WBA Walgreens Boots Alliance Inc. | Add +8.5% | 0.11% | +0.03 |
| ADP Automatic Data Processing | Add +8.1% | 0.20% | +0.02 |
| SCHW Schwab (charles) Corp. | Add +19.4% | 0.11% | +0.02 |
| KMB Kimberly-Clark Corp. | Add +4.5% | 0.18% | +0.02 |
| DG Dollar General Corp. | Add +12.0% | 0.09% | +0.02 |
| COR Cencora Inc. | Add +2.4% | 0.10% | +0.02 |
| PFE Pfizer Inc. | Add +8.2% | 0.53% | +0.02 |
| ANGL Vaneck Fallen Angel High YLD | Add +1.0% | 0.85% | +0.02 |
| ICE Intercontinental Exchange Inc. | Add +4.1% | 0.12% | +0.02 |
| F Ford Motor Co. | Add +19.0% | 0.12% | +0.02 |
| LOW Lowe's Cos Inc. | Add +8.7% | 0.52% | +0.02 |
| NUE Nucor Corp. | Add +13.1% | 0.12% | +0.02 |
| BSX Boston Scientific Corp. | Add +24.9% | 0.06% | +0.02 |
| HD Home Depot Inc. | Add +7.3% | 0.87% | +0.02 |
Notes & Other Activity Q4 2024 → Q1 2025
| AGR Avangrid Inc. | Stock | Sold out | 0 | $0before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 517 | $306.1M | HYG, CLOI, FLTR, AAPL, CSCO |
| Q1 2026 | 507 | $293.6M | HYG, CLOI, FLTR, AAPL, JNJ |
| Q4 2025 | 499 | $234.4M | OMFL, HYG, CLOI, FLTR, AAPL |
| Q3 2025 | 516 | $237.6M | OMFL, HYG, CLOI, FLTR, AAPL |
| Q2 2025 | 499 | $213.3M | OMFL, HYG, FLTR, CLOI, AAPL |
| Q1 2025 | 501 | $201.5M | OMFL, HYG, FLTR, CLOI, AAPL |
| Q4 2024 | 487 | $203.3M | OMFL, FLTR, HYG, JPST, AAPL |
| Q3 2024 | 493 | $196.5M | OMFL, FLTR, BND, ANGL, JPST |
| Q2 2024 | 496 | $215.6M | OMFL, JPST, ANGL, FLTR, BND |
| Q1 2024 | 484 | $199.7M | OMFL, ANGL, FLTR, BND, JPST |