Deseret Mutual Benefit Administrators

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 4, 2025), Deseret Mutual Benefit Administrators reported 499 stock positions worth $213.3 million. Its top holding was Invesco Russell 1000 DYN M/F (OMFL) at 21.5% of the portfolio, followed by Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, 8.8%) and Vaneck Ig Floating Rate ETF (FLTR, 6.7%). Compared with Q1 2025, it opened 1 new position, sold out of 4, added to 9 and reduced 8. The biggest buy was Vaneck Clo ETF (CLOI, shares +23%) and the biggest sale Vaneck Ig Floating Rate ETF (FLTR, shares −5%).

Most Recent 13F
Q2 2026
Location
SALT LAKE CITY, UT
CIK
0001789351
Portfolio Value
$213.3M (Q2 2025)
SEC Filing
0001789351-25-000008 ↗ filed Aug 4, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $199.7M Q1 2024 Q2 2024: $215.6M Q2 2024 Q3 2024: $196.5M Q3 2024 Q4 2024: $203.3M Q4 2024 Q1 2025: $201.5M Q1 2025 Q2 2025: $213.3M $213.3M Q2 2025 Q3 2025: $237.6M Q3 2025 Q4 2025: $234.4M Q4 2025 Q1 2026: $293.6M Q1 2026 Q2 2026: $306.1M Q2 2026

Holdings 499 stocks · $213.3M
OMFL Invesco Russell 1000 DYN M/F 21.48% 792,983 $45.8M No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 8.77% 232,070 $18.7M Add +1.5%
FLTR Vaneck Ig Floating Rate ETF 6.68% 559,089 $14.3M Reduce -5.5%
CLOI Vaneck Clo ETF 5.26% 211,990 $11.2M Add +23.5%
AAPL Apple Inc. 2.07% 21,529 $4.4M No change
META Meta Platforms Inc. Class A 1.72% 4,977 $3.7M No change
ORCL Oracle Corp. 1.37% 13,364 $2.9M No change
CSCO Cisco Systems Inc. 1.24% 38,265 $2.7M No change
AVGO Broadcom Inc. 1.20% 9,250 $2.5M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.08% 7,799 $2.3M No change
BRK.B Berkshire Hathaway Inc. Class B 1.07% 4,718 $2.3M No change
LLY Eli Lilly & Co. 1.06% 2,907 $2.3M No change
JNJ Johnson & Johnson 0.98% 13,623 $2.1M No change
JPST JPMorgan Ultra-Short Income 0.95% 40,088 $2.0M Add +102.5%
GILD Gilead Sciences Inc. 0.93% 17,848 $2.0M No change
ABBV Abbvie Inc. 0.91% 10,423 $1.9M No change
MSFT Microsoft Corp. 0.84% 3,615 $1.8M No change
ANGL Vaneck Fallen Angel High YLD 0.83% 60,645 $1.8M Add +1.6%
WMT Walmart Inc. 0.82% 17,926 $1.8M No change
HD Home Depot Inc. 0.82% 4,762 $1.7M No change
GOOGL Alphabet Inc. Class A 0.77% 9,274 $1.6M No change
PG The Procter & Gamble Co. 0.72% 9,647 $1.5M No change
MMM 3M Co. 0.71% 9,967 $1.5M No change
BKNG Booking Holdings Inc. 0.68% 249 $1.4M No change
KO The Coca-Cola Co. 0.67% 20,099 $1.4M No change
VZ Verizon Communications Inc. 0.62% 30,566 $1.3M No change
PEP Pepsico Inc. 0.58% 9,329 $1.2M No change
MRK Merck & Co. Inc. 0.57% 15,496 $1.2M No change
JPM JPMorgan Chase & Co. 0.57% 4,183 $1.2M No change
AMGN Amgen Inc. 0.57% 4,319 $1.2M No change
QCOM Qualcomm Inc. 0.56% 7,434 $1.2M No change
V Visa Inc. Class A 0.55% 3,281 $1.2M No change
AMZN Amazon.com Inc. 0.53% 5,144 $1.1M Reduce -5.3%
LMT Lockheed Martin Corp. 0.53% 2,428 $1.1M No change
MCD McDonald's Corp. 0.50% 3,627 $1.1M No change
TXN Texas Instruments Inc. 0.49% 5,078 $1.1M No change
XOM Exxon Mobil Corp. 0.49% 9,602 $1.0M No change
PFE Pfizer Inc. 0.48% 41,910 $1.0M No change
COST Costco Wholesale Corp. 0.47% 1,005 $995K No change
LOW Lowe's Cos Inc. 0.46% 4,459 $989K No change
CVS CVS Health Corp. 0.46% 14,292 $986K No change
UNP Union Pacific Corp. 0.45% 4,182 $962K No change
T AT&T Inc. 0.43% 31,450 $910K No change
AMAT Applied Materials Inc. 0.42% 4,951 $906K No change
TGT Target Corp. 0.38% 8,177 $807K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.37% 16,515 $781K No change
ACN Accenture PLC Class A 0.37% 2,608 $780K No change
MA Mastercard Inc. Class A 0.36% 1,370 $770K No change
CHTR Charter Communications Inc. Class A 0.35% 1,848 $755K No change
WFC Wells Fargo & Co. 0.34% 9,021 $723K No change
CAT Caterpillar Inc. 0.34% 1,859 $722K No change
LRCX Lam Research Corp. 0.32% 7,091 $690K No change
C Citigroup Inc. 0.32% 8,066 $687K No change
BMY Bristol-Myers Squibb Co. 0.31% 14,313 $663K No change
CVX Chevron Corp. 0.31% 4,576 $655K No change
INTC Intel Corp. 0.28% 27,116 $607K No change
CMCSA Comcast Corp. Class A 0.28% 16,581 $592K No change
EBAY eBay Inc. 0.27% 7,745 $577K No change
HWM Howmet Aerospace Inc. 0.27% 3,041 $566K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.26% 4,490 $554K No change
HCA HCA Healthcare Inc. 0.25% 1,394 $534K No change
MET Metlife Inc. 0.24% 6,249 $503K No change
UPS United Parcel Service Class B 0.22% 4,634 $468K No change
PGR Progressive Corp. 0.21% 1,681 $449K No change
CSX CSX Corp. 0.21% 13,535 $442K No change
SYF Synchrony Financial 0.21% 6,589 $440K No change
CL Colgate-Palmolive Co. 0.21% 4,835 $440K No change
AON Aon PLC Class A 0.21% 1,227 $438K No change
KR Kroger Co. 0.19% 5,747 $412K No change
KLAC KLA Corp. 0.19% 455 $408K No change
ADP Automatic Data Processing 0.19% 1,320 $407K No change
AFL Aflac Inc. 0.19% 3,820 $403K No change
ORLY O'reilly Automotive Inc. 0.18% 4,365 $393K No change
GS Goldman Sachs Group Inc. 0.18% 544 $385K No change
NOC Northrop Grumman Corp. 0.18% 769 $384K No change
HPQ HP Inc. 0.18% 15,580 $381K No change
MCK McKesson Corp. 0.17% 506 $371K No change
PRU Prudential Financial Inc. 0.17% 3,395 $365K No change
NFLX Netflix Inc. 0.17% 272 $364K No change
COF Capital One Financial Corp. 0.17% 1,711 $364K Add +53.0%
EMR Emerson Electric Co. 0.17% 2,717 $362K No change
ITW Illinois Tool Works 0.17% 1,431 $354K No change
AIG American International Group 0.16% 4,090 $350K No change
TMUS T-Mobile US Inc. 0.16% 1,463 $349K No change
MDLZ Mondelez International Inc. Class A 0.16% 5,098 $344K No change
MRSH Marsh & McLennan Cos 0.16% 1,548 $338K No change
GM General Motors Co. 0.16% 6,866 $338K No change
UNH Unitedhealth Group Inc. 0.16% 1,083 $338K No change
AMP Ameriprise Financial Inc. 0.16% 632 $337K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.16% 320 $333K No change
STX Seagate Technology Holdings 0.15% 2,277 $329K No change
KMB Kimberly-Clark Corp. 0.15% 2,498 $322K No change
GLW Corning Inc. 0.15% 6,077 $320K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.15% 2,566 $318K No change
REGN Regeneron Pharmaceuticals 0.14% 575 $302K No change
CI The Cigna Group 0.14% 905 $299K No change
BBY Best Buy Co. Inc. 0.13% 4,279 $287K No change
RTX RTX Corp. 0.13% 1,963 $287K No change
YUM Yum! Brands Inc. 0.13% 1,932 $286K No change
COP Conocophillips 0.13% 3,177 $285K No change

Show all 499 holdings

Portfolio Sells Q1 2025 → Q2 2025
FLTR Vaneck Ig Floating Rate ETF Reduce -5.5% 6.68% −0.82
DFS Discover Financial Services Sold out 0.00% −0.05
X United States Steel Corp. Sold out 0.00% −0.02
AXP American Express Co. Reduce -23.3% 0.07% −0.01
TEAM Atlassian Corp. Class A Sold out 0.00% −0.00
SOLV Solventum Corp. Reduce -1.0% 0.01% −0.00
QVCAQ QVC Group Inc. Reduce -0.2% 0.00% −0.00
KLG WK Kellogg Co. Reduce -1.0% 0.00% −0.00
ECHO Echostar Corp. Class A Sold out 0.00% 0.00
MRP Millrose Properties Reduce -0.4% 0.00% 0.00
GEV GE Vernova Inc. Reduce -3.9% 0.01% +0.00
AMZN Amazon.com Inc. Reduce -5.3% 0.53% +0.02

Portfolio Buys Q1 2025 → Q2 2025
CLOI Vaneck Clo ETF Add +23.5% 5.26% +0.76
JPST JPMorgan Ultra-Short Income Add +102.5% 0.95% +0.45
COF Capital One Financial Corp. Add +53.0% 0.17% +0.07
LNG Cheniere Energy Inc. Add +5720.0% 0.03% +0.03
EXPE Expedia Group Inc. Add +80.9% 0.03% +0.01
EXR Extra Space Storage Inc. New 0.00% +0.00
AMTM Amentum Holdings Inc. Add +5.4% 0.00% +0.00
SCCO Southern Copper Corp. Add +0.5% 0.02% +0.00
ANGL Vaneck Fallen Angel High YLD Add +1.6% 0.83% −0.02
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +1.5% 8.77% −0.18

Notes & Other Activity Q1 2025 → Q2 2025
ATMU Atmus Filtration Technologie COM Sold out 0 $11before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 517$306.1MHYG, CLOI, FLTR, AAPL, CSCO
Q1 2026 507$293.6MHYG, CLOI, FLTR, AAPL, JNJ
Q4 2025 499$234.4MOMFL, HYG, CLOI, FLTR, AAPL
Q3 2025 516$237.6MOMFL, HYG, CLOI, FLTR, AAPL
Q2 2025 499$213.3MOMFL, HYG, FLTR, CLOI, AAPL
Q1 2025 501$201.5MOMFL, HYG, FLTR, CLOI, AAPL
Q4 2024 487$203.3MOMFL, FLTR, HYG, JPST, AAPL
Q3 2024 493$196.5MOMFL, FLTR, BND, ANGL, JPST
Q2 2024 496$215.6MOMFL, JPST, ANGL, FLTR, BND
Q1 2024 484$199.7MOMFL, ANGL, FLTR, BND, JPST