Deseret Mutual Benefit Administrators
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), Deseret Mutual Benefit Administrators reported 516 stock positions worth $237.6 million. Its top holding was Invesco Russell 1000 DYN M/F (OMFL) at 20.2% of the portfolio, followed by Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, 13.1%) and Vaneck Clo ETF (CLOI, 6.5%). Compared with Q2 2025, it opened 26 new positions, sold out of 9, added to 206 and reduced 141. The biggest buy was Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, shares +66%) and the biggest sale Vaneck Ig Floating Rate ETF (FLTR, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001789351
- Portfolio Value
- $237.6M (Q3 2025)
- SEC Filing
- 0001789351-25-000010 ↗ filed Oct 31, 2025
Holdings Value
Holdings 516 stocks · $237.6M
| OMFL Invesco Russell 1000 DYN M/F | 20.21% | 797,154 | $48.0M | Add +0.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 13.13% | 384,166 | $31.2M | Add +65.5% |
| CLOI Vaneck Clo ETF | 6.51% | 291,247 | $15.5M | Add +37.4% |
| FLTR Vaneck Ig Floating Rate ETF | 5.67% | 526,799 | $13.5M | Reduce -5.8% |
| AAPL Apple Inc. | 2.36% | 21,994 | $5.6M | Add +2.2% |
| ORCL Oracle Corp. | 1.58% | 13,346 | $3.8M | Reduce -0.1% |
| AVGO Broadcom Inc. | 1.40% | 10,081 | $3.3M | Add +9.0% |
| JNJ Johnson & Johnson | 1.36% | 17,396 | $3.2M | Add +27.7% |
| CSCO Cisco Systems Inc. | 1.13% | 39,349 | $2.7M | Add +2.8% |
| META Meta Platforms Inc. Class A | 1.04% | 3,363 | $2.5M | Reduce -32.4% |
| GOOGL Alphabet Inc. Class A | 1.02% | 9,972 | $2.4M | Add +7.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.97% | 4,578 | $2.3M | Reduce -3.0% |
| ABBV Abbvie Inc. | 0.95% | 9,724 | $2.3M | Reduce -6.7% |
| GILD Gilead Sciences Inc. | 0.88% | 18,811 | $2.1M | Add +5.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.81% | 6,841 | $1.9M | Reduce -12.3% |
| MSFT Microsoft Corp. | 0.79% | 3,611 | $1.9M | Reduce -0.1% |
| HD Home Depot Inc. | 0.78% | 4,564 | $1.8M | Reduce -4.2% |
| WMT Walmart Inc. | 0.68% | 15,793 | $1.6M | Reduce -11.9% |
| PG The Procter & Gamble Co. | 0.65% | 10,023 | $1.5M | Add +3.9% |
| MRK Merck & Co. Inc. | 0.64% | 17,996 | $1.5M | Add +16.1% |
| PEP Pepsico Inc. | 0.60% | 10,227 | $1.4M | Add +9.6% |
| BKNG Booking Holdings Inc. | 0.60% | 265 | $1.4M | Add +6.4% |
| MMM 3M Co. | 0.59% | 9,014 | $1.4M | Reduce -9.6% |
| LMT Lockheed Martin Corp. | 0.55% | 2,631 | $1.3M | Add +8.4% |
| T AT&T Inc. | 0.55% | 46,208 | $1.3M | Add +46.9% |
| VZ Verizon Communications Inc. | 0.55% | 29,637 | $1.3M | Reduce -3.0% |
| LLY Eli Lilly & Co. | 0.55% | 1,701 | $1.3M | Reduce -41.5% |
| KO The Coca-Cola Co. | 0.53% | 19,037 | $1.3M | Reduce -5.3% |
| PFE Pfizer Inc. | 0.51% | 47,113 | $1.2M | Add +12.4% |
| LOW Lowe's Cos Inc. | 0.50% | 4,755 | $1.2M | Add +6.6% |
| AMZN Amazon.com Inc. | 0.50% | 5,360 | $1.2M | Add +4.2% |
| JPM JPMorgan Chase & Co. | 0.49% | 3,713 | $1.2M | Reduce -11.2% |
| CVS CVS Health Corp. | 0.49% | 15,459 | $1.2M | Add +8.2% |
| QCOM Qualcomm Inc. | 0.49% | 6,958 | $1.2M | Reduce -6.4% |
| V Visa Inc. Class A | 0.48% | 3,372 | $1.2M | Add +2.8% |
| XOM Exxon Mobil Corp. | 0.47% | 9,970 | $1.1M | Add +3.8% |
| MCD McDonald's Corp. | 0.47% | 3,645 | $1.1M | Add +0.5% |
| UNP Union Pacific Corp. | 0.45% | 4,479 | $1.1M | Add +7.1% |
| LRCX Lam Research Corp. | 0.43% | 7,581 | $1.0M | Add +6.9% |
| AMGN Amgen Inc. | 0.42% | 3,549 | $1.0M | Reduce -17.8% |
| TXN Texas Instruments Inc. | 0.40% | 5,222 | $959K | Add +2.8% |
| AMAT Applied Materials Inc. | 0.39% | 4,564 | $934K | Reduce -7.8% |
| INTC Intel Corp. | 0.37% | 26,459 | $888K | Reduce -2.4% |
| CAT Caterpillar Inc. | 0.37% | 1,846 | $881K | Reduce -0.7% |
| CVX Chevron Corp. | 0.34% | 5,269 | $818K | Add +15.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 15,703 | $810K | Reduce -4.9% |
| COST Costco Wholesale Corp. | 0.34% | 867 | $803K | Reduce -13.7% |
| ANGL Vaneck Fallen Angel High YLD | 0.34% | 26,970 | $802K | Reduce -55.5% |
| BMY Bristol-Myers Squibb Co. | 0.33% | 17,531 | $791K | Add +22.5% |
| MA Mastercard Inc. Class A | 0.33% | 1,379 | $784K | Add +0.7% |
| TGT Target Corp. | 0.31% | 8,190 | $735K | Add +0.2% |
| ACN Accenture PLC Class A | 0.30% | 2,931 | $723K | Add +12.4% |
| EBAY eBay Inc. | 0.30% | 7,735 | $703K | Reduce -0.1% |
| C Citigroup Inc. | 0.29% | 6,749 | $685K | Reduce -16.3% |
| NFLX Netflix Inc. | 0.28% | 546 | $655K | Add +100.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 4,495 | $650K | Add +0.1% |
| CHTR Charter Communications Inc. Class A | 0.27% | 2,359 | $649K | Add +27.6% |
| HWM Howmet Aerospace Inc. | 0.27% | 3,304 | $648K | Add +8.7% |
| WFC Wells Fargo & Co. | 0.27% | 7,693 | $645K | Reduce -14.7% |
| MPC Marathon Petroleum Corp. | 0.24% | 2,979 | $574K | Add +86.2% |
| CMCSA Comcast Corp. Class A | 0.24% | 17,891 | $562K | Add +7.9% |
| UNH Unitedhealth Group Inc. | 0.24% | 1,624 | $561K | Add +50.0% |
| KLAC KLA Corp. | 0.23% | 503 | $543K | Add +10.6% |
| HCA HCA Healthcare Inc. | 0.22% | 1,226 | $523K | Reduce -12.1% |
| CSX CSX Corp. | 0.22% | 14,454 | $513K | Add +6.8% |
| HPQ HP Inc. | 0.21% | 18,405 | $501K | Add +18.1% |
| GLW Corning Inc. | 0.21% | 6,092 | $500K | Add +0.3% |
| ORLY O'reilly Automotive Inc. | 0.21% | 4,598 | $496K | Add +5.3% |
| NOC Northrop Grumman Corp. | 0.19% | 754 | $459K | Reduce -1.9% |
| SYF Synchrony Financial | 0.19% | 6,382 | $453K | Reduce -3.1% |
| UPS United Parcel Service Class B | 0.19% | 5,331 | $445K | Add +15.0% |
| STX Seagate Technology Holdings | 0.19% | 1,880 | $444K | Reduce -17.4% |
| AON Aon PLC Class A | 0.19% | 1,244 | $444K | Add +1.4% |
| AFL Aflac Inc. | 0.18% | 3,744 | $418K | Reduce -2.0% |
| NKE Nike Inc. Class B | 0.17% | 5,917 | $413K | Add +49.0% |
| ADP Automatic Data Processing | 0.17% | 1,384 | $406K | Add +4.8% |
| GM General Motors Co. | 0.17% | 6,576 | $401K | Reduce -4.2% |
| CI The Cigna Group | 0.17% | 1,378 | $397K | Add +52.3% |
| GS Goldman Sachs Group Inc. | 0.16% | 490 | $390K | Reduce -9.9% |
| KR Kroger Co. | 0.16% | 5,686 | $383K | Reduce -1.1% |
| REGN Regeneron Pharmaceuticals | 0.16% | 681 | $383K | Add +18.4% |
| PGR Progressive Corp. | 0.16% | 1,541 | $381K | Reduce -8.3% |
| CL Colgate-Palmolive Co. | 0.16% | 4,751 | $380K | Reduce -1.7% |
| ITW Illinois Tool Works | 0.16% | 1,431 | $373K | No change |
| TMUS T-Mobile US Inc. | 0.15% | 1,478 | $354K | Add +1.0% |
| BX Blackstone Inc. | 0.15% | 2,052 | $351K | Add +8.9% |
| BBY Best Buy Co. Inc. | 0.14% | 4,541 | $343K | Add +6.1% |
| MDLZ Mondelez International Inc. Class A | 0.14% | 5,469 | $342K | Add +7.3% |
| COP Conocophillips | 0.14% | 3,583 | $339K | Add +12.8% |
| NUE Nucor Corp. | 0.14% | 2,483 | $336K | Add +26.8% |
| LHX L3HARRIS Technologies Inc. | 0.14% | 1,085 | $331K | Add +3.9% |
| KMB Kimberly-Clark Corp. | 0.14% | 2,585 | $321K | Add +3.5% |
| RTX RTX Corp. | 0.13% | 1,915 | $320K | Reduce -2.5% |
| MU Micron Technology Inc. | 0.13% | 1,886 | $316K | Reduce -0.8% |
| F Ford Motor Co. filed as FORD MTR CO | 0.13% | 26,367 | $315K | Add +11.7% |
| VLO Valero Energy Corp. | 0.13% | 1,845 | $314K | Add +13.3% |
| MCK McKesson Corp. | 0.13% | 404 | $312K | Reduce -20.2% |
| MRSH Marsh & McLennan Cos | 0.13% | 1,548 | $312K | No change |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.13% | 3,027 | $311K | Add +7.0% |
| ADM Archer-Daniels-Midland Co. | 0.13% | 5,189 | $310K | Add +10.7% |
Portfolio Sells Q2 2025 → Q3 2025
| FLTR Vaneck Ig Floating Rate ETF | Reduce -5.8% | 5.67% | −1.01 |
| JPST JPMorgan Ultra-Short Income | Reduce -99.5% | 0.00% | −0.95 |
| META Meta Platforms Inc. Class A | Reduce -32.4% | 1.04% | −0.68 |
| LLY Eli Lilly & Co. | Reduce -41.5% | 0.55% | −0.52 |
| ANGL Vaneck Fallen Angel High YLD | Reduce -55.5% | 0.34% | −0.49 |
| IBM Intl Business Machines Corp. | Reduce -12.3% | 0.81% | −0.27 |
| AMGN Amgen Inc. | Reduce -17.8% | 0.42% | −0.14 |
| WMT Walmart Inc. | Reduce -11.9% | 0.68% | −0.14 |
| KO The Coca-Cola Co. | Reduce -5.3% | 0.53% | −0.14 |
| MET Metlife Inc. | Reduce -53.5% | 0.10% | −0.13 |
| COST Costco Wholesale Corp. | Reduce -13.7% | 0.34% | −0.13 |
| MMM 3M Co. | Reduce -9.6% | 0.59% | −0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.0% | 0.97% | −0.11 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.10 |
| PRU Prudential Financial Inc. | Reduce -49.5% | 0.07% | −0.10 |
| AIG American International Group | Reduce -49.5% | 0.07% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -11.2% | 0.49% | −0.08 |
| VZ Verizon Communications Inc. | Reduce -3.0% | 0.55% | −0.07 |
| EMR Emerson Electric Co. | Reduce -33.0% | 0.10% | −0.07 |
| QCOM Qualcomm Inc. | Reduce -6.4% | 0.49% | −0.07 |
| WFC Wells Fargo & Co. | Reduce -14.7% | 0.27% | −0.07 |
| GWW WW Grainger Inc. | Reduce -27.5% | 0.09% | −0.06 |
| MSFT Microsoft Corp. | Reduce -0.1% | 0.79% | −0.06 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.05 |
| PGR Progressive Corp. | Reduce -8.3% | 0.16% | −0.05 |
| COF Capital One Financial Corp. | Reduce -20.8% | 0.12% | −0.05 |
| CL Colgate-Palmolive Co. | Reduce -1.7% | 0.16% | −0.05 |
| FL Foot Locker Inc. | Sold out | 0.00% | −0.04 |
| MCK McKesson Corp. | Reduce -20.2% | 0.13% | −0.04 |
| HD Home Depot Inc. | Reduce -4.2% | 0.78% | −0.04 |
| AMP Ameriprise Financial Inc. | Reduce -7.4% | 0.12% | −0.04 |
| C Citigroup Inc. | Reduce -16.3% | 0.29% | −0.03 |
| KR Kroger Co. | Reduce -1.1% | 0.16% | −0.03 |
| AMAT Applied Materials Inc. | Reduce -7.8% | 0.39% | −0.03 |
| DIS The Walt Disney Co. | Reduce -4.6% | 0.12% | −0.03 |
| PARAA Paramount Global Class B | Sold out | 0.00% | −0.03 |
| HCA HCA Healthcare Inc. | Reduce -12.1% | 0.22% | −0.03 |
| LIN Linde PLC | Reduce -16.4% | 0.09% | −0.03 |
| MAR Marriott International Class A | Reduce -20.5% | 0.06% | −0.03 |
| DVA Davita Inc. | Reduce -15.2% | 0.07% | −0.03 |
| BIIB Biogen Inc. | Reduce -33.1% | 0.05% | −0.03 |
| CTAS Cintas Corp. | Reduce -5.2% | 0.10% | −0.03 |
| ICE Intercontinental Exchange Inc. | Reduce -5.0% | 0.09% | −0.03 |
| BAC Bank of America Corp. | Reduce -4.9% | 0.34% | −0.03 |
| WAT Waters Corp. | Reduce -52.0% | 0.01% | −0.02 |
| YUM Yum! Brands Inc. | Reduce -9.4% | 0.11% | −0.02 |
| GAP The Gap Inc. | Reduce -48.7% | 0.02% | −0.02 |
| WM Waste Management Inc. | Reduce -10.4% | 0.07% | −0.02 |
| CARR Carrier Global Corp. | Reduce -3.5% | 0.05% | −0.02 |
| CRBG Corebridge Financial Inc. | Reduce -20.3% | 0.03% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +65.5% | 13.13% | +4.35 |
| CLOI Vaneck Clo ETF | Add +37.4% | 6.51% | +1.25 |
| JNJ Johnson & Johnson | Add +27.7% | 1.36% | +0.38 |
| AAPL Apple Inc. | Add +2.2% | 2.36% | +0.29 |
| GOOGL Alphabet Inc. Class A | Add +7.5% | 1.02% | +0.25 |
| AVGO Broadcom Inc. | Add +9.0% | 1.40% | +0.20 |
| HRMY Harmony Biosciences Holdings | New | 0.13% | +0.13 |
| T AT&T Inc. | Add +46.9% | 0.55% | +0.12 |
| MPC Marathon Petroleum Corp. | Add +86.2% | 0.24% | +0.12 |
| NFLX Netflix Inc. | Add +100.7% | 0.28% | +0.10 |
| LRCX Lam Research Corp. | Add +6.9% | 0.43% | +0.10 |
| UNH Unitedhealth Group Inc. | Add +50.0% | 0.24% | +0.08 |
| MRK Merck & Co. Inc. | Add +16.1% | 0.64% | +0.06 |
| GLW Corning Inc. | Add +0.3% | 0.21% | +0.06 |
| LNG Cheniere Energy Inc. | Add +173.2% | 0.08% | +0.05 |
| FERG Ferguson Enterprises Inc. | Add +637.0% | 0.05% | +0.04 |
| NKE Nike Inc. Class B | Add +49.0% | 0.17% | +0.04 |
| LOW Lowe's Cos Inc. | Add +6.6% | 0.50% | +0.04 |
| KLAC KLA Corp. | Add +10.6% | 0.23% | +0.04 |
| CVX Chevron Corp. | Add +15.1% | 0.34% | +0.04 |
| HPQ HP Inc. | Add +18.1% | 0.21% | +0.03 |
| PSKY Paramount Skydance Class B | New | 0.03% | +0.03 |
| EXPE Expedia Group Inc. | Add +92.8% | 0.06% | +0.03 |
| WBD Warner Bros Discovery Inc. | Add +0.9% | 0.09% | +0.03 |
| VLO Valero Energy Corp. | Add +13.3% | 0.13% | +0.03 |
| PFE Pfizer Inc. | Add +12.4% | 0.51% | +0.03 |
| CVS CVS Health Corp. | Add +8.2% | 0.49% | +0.03 |
| TPR Tapestry Inc. | Add +14.1% | 0.11% | +0.03 |
| PEP Pepsico Inc. | Add +9.6% | 0.60% | +0.03 |
| CI The Cigna Group | Add +52.3% | 0.17% | +0.03 |
| LMT Lockheed Martin Corp. | Add +8.4% | 0.55% | +0.03 |
| TER Teradyne Inc. | Add +13.9% | 0.07% | +0.03 |
| ORLY O'reilly Automotive Inc. | Add +5.3% | 0.21% | +0.02 |
| LUMN Lumen Technologies Inc. | Add +35.0% | 0.06% | +0.02 |
| NUE Nucor Corp. | Add +26.8% | 0.14% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +22.5% | 0.33% | +0.02 |
| FTNT Fortinet Inc. | Add +317.3% | 0.03% | +0.02 |
| EXPD Expeditors Intl Wash Inc. | Add +28.0% | 0.11% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Add +24.8% | 0.08% | +0.02 |
| LH Labcorp Holdings Inc. | Add +59.5% | 0.06% | +0.02 |
| REGN Regeneron Pharmaceuticals | Add +18.4% | 0.16% | +0.02 |
| CRH CRH PLC | Add +34.0% | 0.05% | +0.02 |
| LHX L3HARRIS Technologies Inc. | Add +3.9% | 0.14% | +0.02 |
| VST Vistra Corp. | Add +46.1% | 0.07% | +0.02 |
| AMT American Tower Corp. | Add +87.2% | 0.05% | +0.02 |
| BX Blackstone Inc. | Add +8.9% | 0.15% | +0.02 |
| ADM Archer-Daniels-Midland Co. | Add +10.7% | 0.13% | +0.01 |
| CSL Carlisle Cos Inc. | Add +196.6% | 0.02% | +0.01 |
| TJX TJX Companies Inc. | Add +0.1% | 0.27% | +0.01 |
| DHI D.R. Horton Inc. | Add +18.8% | 0.05% | +0.01 |
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 |