Deseret Mutual Benefit Administrators
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Deseret Mutual Benefit Administrators reported 499 stock positions worth $234.4 million. Its top holding was Invesco Russell 1000 DYN M/F (OMFL) at 19.5% of the portfolio, followed by Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, 13.7%) and Vaneck Clo ETF (CLOI, 6.3%). Compared with Q3 2025, it opened 1 new position, sold out of 20, added to 210 and reduced 95. The biggest buy was Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, shares +4%) and the biggest sale Vaneck Ig Floating Rate ETF (FLTR, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001789351
- Portfolio Value
- $234.4M (Q4 2025)
- SEC Filing
- 0001789351-26-000002 ↗ filed Feb 11, 2026
Holdings Value
Holdings 499 stocks · $234.4M
| OMFL Invesco Russell 1000 DYN M/F | 19.55% | 749,613 | $45.8M | Reduce -6.0% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 13.68% | 397,793 | $32.1M | Add +3.5% |
| CLOI Vaneck Clo ETF | 6.25% | 277,556 | $14.7M | Reduce -4.7% |
| FLTR Vaneck Ig Floating Rate ETF | 3.67% | 337,995 | $8.6M | Reduce -35.8% |
| AAPL Apple Inc. | 2.51% | 21,673 | $5.9M | Reduce -1.5% |
| JNJ Johnson & Johnson | 1.83% | 20,684 | $4.3M | Add +18.9% |
| CSCO Cisco Systems Inc. | 1.34% | 40,748 | $3.1M | Add +3.6% |
| GOOGL Alphabet Inc. Class A | 1.28% | 9,575 | $3.0M | Reduce -4.0% |
| AVGO Broadcom Inc. | 1.27% | 8,612 | $3.0M | Reduce -14.6% |
| ABBV Abbvie Inc. | 1.13% | 11,634 | $2.7M | Add +19.6% |
| ORCL Oracle Corp. | 1.08% | 12,950 | $2.5M | Reduce -3.0% |
| GILD Gilead Sciences Inc. | 1.01% | 19,279 | $2.4M | Add +2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.99% | 4,599 | $2.3M | Add +0.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.87% | 6,893 | $2.0M | Add +0.8% |
| MRK Merck & Co. Inc. | 0.81% | 18,035 | $1.9M | Add +0.2% |
| LLY Eli Lilly & Co. | 0.75% | 1,636 | $1.8M | Reduce -3.8% |
| MSFT Microsoft Corp. | 0.74% | 3,611 | $1.7M | No change |
| HD Home Depot Inc. | 0.71% | 4,853 | $1.7M | Add +6.3% |
| WMT Walmart Inc. | 0.69% | 14,558 | $1.6M | Reduce -7.8% |
| META Meta Platforms Inc. Class A | 0.65% | 2,316 | $1.5M | Reduce -31.1% |
| PEP Pepsico Inc. | 0.65% | 10,598 | $1.5M | Add +3.6% |
| PG The Procter & Gamble Co. | 0.63% | 10,371 | $1.5M | Add +3.5% |
| LMT Lockheed Martin Corp. | 0.58% | 2,828 | $1.4M | Add +7.5% |
| T AT&T Inc. | 0.58% | 54,590 | $1.4M | Add +18.1% |
| LRCX Lam Research Corp. | 0.57% | 7,759 | $1.3M | Add +2.4% |
| AMZN Amazon.com Inc. | 0.54% | 5,533 | $1.3M | Add +3.2% |
| KO The Coca-Cola Co. | 0.54% | 18,238 | $1.3M | Reduce -4.2% |
| MMM 3M Co. | 0.54% | 7,951 | $1.3M | Reduce -11.8% |
| AMAT Applied Materials Inc. | 0.52% | 4,787 | $1.2M | Add +4.9% |
| PFE Pfizer Inc. | 0.52% | 49,306 | $1.2M | Add +4.7% |
| LOW Lowe's Cos Inc. | 0.52% | 5,057 | $1.2M | Add +6.3% |
| V Visa Inc. Class A | 0.52% | 3,464 | $1.2M | Add +2.7% |
| VZ Verizon Communications Inc. | 0.52% | 29,768 | $1.2M | Add +0.4% |
| QCOM Qualcomm Inc. | 0.51% | 6,951 | $1.2M | Reduce -0.1% |
| CVS CVS Health Corp. | 0.51% | 14,971 | $1.2M | Reduce -3.2% |
| AMGN Amgen Inc. | 0.50% | 3,606 | $1.2M | Add +1.6% |
| XOM Exxon Mobil Corp. | 0.50% | 9,795 | $1.2M | Reduce -1.8% |
| BKNG Booking Holdings Inc. | 0.49% | 214 | $1.1M | Reduce -19.3% |
| JPM JPMorgan Chase & Co. | 0.49% | 3,549 | $1.1M | Reduce -4.4% |
| MCD McDonald's Corp. | 0.45% | 3,484 | $1.1M | Reduce -4.4% |
| CAT Caterpillar Inc. | 0.45% | 1,840 | $1.1M | Reduce -0.3% |
| UNP Union Pacific Corp. | 0.43% | 4,341 | $1.0M | Reduce -3.1% |
| TXN Texas Instruments Inc. | 0.42% | 5,662 | $982K | Add +8.4% |
| BMY Bristol-Myers Squibb Co. | 0.42% | 18,081 | $975K | Add +3.1% |
| INTC Intel Corp. | 0.37% | 23,367 | $862K | Reduce -11.7% |
| ACN Accenture PLC Class A | 0.36% | 3,185 | $855K | Add +8.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.36% | 15,344 | $844K | Reduce -2.3% |
| TGT Target Corp. | 0.35% | 8,396 | $821K | Add +2.5% |
| ANGL Vaneck Fallen Angel High YLD | 0.34% | 27,532 | $808K | Add +2.1% |
| MA Mastercard Inc. Class A | 0.34% | 1,402 | $800K | Add +1.7% |
| CVX Chevron Corp. | 0.34% | 5,222 | $796K | Reduce -0.9% |
| COST Costco Wholesale Corp. | 0.30% | 827 | $713K | Reduce -4.6% |
| C Citigroup Inc. | 0.30% | 6,062 | $707K | Reduce -10.2% |
| EBAY eBay Inc. | 0.30% | 8,079 | $704K | Add +4.5% |
| HWM Howmet Aerospace Inc. | 0.29% | 3,344 | $686K | Add +1.2% |
| WFC Wells Fargo & Co. | 0.29% | 7,233 | $674K | Reduce -6.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.29% | 4,383 | $673K | Reduce -2.5% |
| MPC Marathon Petroleum Corp. | 0.27% | 3,954 | $643K | Add +32.7% |
| NFLX Netflix Inc. | 0.27% | 6,850 | $642K | Add +25.5% |
| UNH Unitedhealth Group Inc. | 0.27% | 1,935 | $639K | Add +19.1% |
| KLAC KLA Corp. | 0.27% | 522 | $634K | Add +3.8% |
| HCA HCA Healthcare Inc. | 0.26% | 1,291 | $603K | Add +5.3% |
| CMCSA Comcast Corp. Class A | 0.26% | 20,085 | $600K | Add +12.3% |
| GLW Corning Inc. | 0.25% | 6,678 | $585K | Add +9.6% |
| REGN Regeneron Pharmaceuticals | 0.24% | 744 | $574K | Add +9.3% |
| UPS United Parcel Service Class B | 0.24% | 5,716 | $567K | Add +7.2% |
| CHTR Charter Communications Inc. Class A | 0.23% | 2,577 | $538K | Add +9.2% |
| STX Seagate Technology Holdings | 0.22% | 1,887 | $520K | Add +0.4% |
| GM General Motors Co. | 0.22% | 6,372 | $518K | Reduce -3.1% |
| CI The Cigna Group | 0.21% | 1,824 | $502K | Add +32.4% |
| CSX CSX Corp. | 0.21% | 13,839 | $502K | Reduce -4.3% |
| MU Micron Technology Inc. | 0.19% | 1,597 | $456K | Reduce -15.3% |
| AON Aon PLC Class A | 0.19% | 1,271 | $449K | Add +2.2% |
| HPQ HP Inc. | 0.19% | 19,819 | $442K | Add +7.7% |
| NOC Northrop Grumman Corp. | 0.19% | 764 | $436K | Add +1.3% |
| AFL Aflac Inc. | 0.18% | 3,826 | $422K | Add +2.2% |
| ORLY O'reilly Automotive Inc. | 0.18% | 4,598 | $419K | No change |
| NKE Nike Inc. Class B | 0.18% | 6,537 | $416K | Add +10.5% |
| GS Goldman Sachs Group Inc. | 0.18% | 469 | $412K | Reduce -4.3% |
| NUE Nucor Corp. | 0.17% | 2,491 | $406K | Add +0.3% |
| CL Colgate-Palmolive Co. | 0.17% | 5,028 | $397K | Add +5.8% |
| ITW Illinois Tool Works | 0.16% | 1,518 | $374K | Add +6.1% |
| ADP Automatic Data Processing | 0.16% | 1,452 | $373K | Add +4.9% |
| COP Conocophillips | 0.15% | 3,791 | $355K | Add +5.8% |
| CHRW C.H. Robinson Worldwide Inc. | 0.15% | 2,164 | $348K | Add +0.6% |
| F Ford Motor Co. filed as FORD MTR CO | 0.15% | 26,367 | $346K | No change |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.14% | 3,271 | $335K | Add +8.1% |
| RTX RTX Corp. | 0.14% | 1,824 | $335K | Reduce -4.8% |
| DG Dollar General Corp. | 0.14% | 2,500 | $332K | Add +5.4% |
| PGR Progressive Corp. | 0.14% | 1,457 | $332K | Reduce -5.5% |
| KR Kroger Co. | 0.14% | 5,203 | $325K | Reduce -8.5% |
| SYF Synchrony Financial | 0.14% | 3,890 | $325K | Reduce -39.0% |
| MCK McKesson Corp. | 0.14% | 392 | $322K | Reduce -3.0% |
| NEM Newmont Corp. | 0.14% | 3,210 | $321K | Reduce -5.0% |
| BBY Best Buy Co. Inc. | 0.14% | 4,785 | $320K | Add +5.4% |
| TPR Tapestry Inc. | 0.14% | 2,506 | $320K | Add +5.6% |
| NVDA Nvidia Corp. | 0.14% | 1,710 | $319K | Add +6.3% |
| LHX L3HARRIS Technologies Inc. | 0.14% | 1,085 | $319K | No change |
| ADM Archer-Daniels-Midland Co. | 0.14% | 5,529 | $318K | Add +6.5% |
| MRSH Marsh & McLennan Cos | 0.14% | 1,706 | $316K | Add +10.2% |
Portfolio Sells Q3 2025 → Q4 2025
| FLTR Vaneck Ig Floating Rate ETF | Reduce -35.8% | 3.67% | −2.00 |
| OMFL Invesco Russell 1000 DYN M/F | Reduce -6.0% | 19.55% | −0.67 |
| ORCL Oracle Corp. | Reduce -3.0% | 1.08% | −0.50 |
| META Meta Platforms Inc. Class A | Reduce -31.1% | 0.65% | −0.39 |
| CLOI Vaneck Clo ETF | Reduce -4.7% | 6.25% | −0.26 |
| HRMY Harmony Biosciences Holdings | Sold out | 0.00% | −0.13 |
| AVGO Broadcom Inc. | Reduce -14.6% | 1.27% | −0.13 |
| BKNG Booking Holdings Inc. | Reduce -19.3% | 0.49% | −0.11 |
| K Kellanova | Sold out | 0.00% | −0.10 |
| EMR Emerson Electric Co. | Reduce -56.6% | 0.04% | −0.06 |
| SYF Synchrony Financial | Reduce -39.0% | 0.14% | −0.05 |
| MET Metlife Inc. | Reduce -47.3% | 0.05% | −0.05 |
| MMM 3M Co. | Reduce -11.8% | 0.54% | −0.05 |
| CMI Cummins Inc. | Reduce -41.8% | 0.08% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -4.6% | 0.30% | −0.03 |
| CARR Carrier Global Corp. | Reduce -58.5% | 0.02% | −0.03 |
| PRU Prudential Financial Inc. | Reduce -44.5% | 0.05% | −0.03 |
| TMUS T-Mobile US Inc. | Reduce -2.8% | 0.12% | −0.02 |
| KR Kroger Co. | Reduce -8.5% | 0.14% | −0.02 |
| DVA Davita Inc. | Reduce -17.9% | 0.05% | −0.02 |
| PGR Progressive Corp. | Reduce -5.5% | 0.14% | −0.02 |
| UNP Union Pacific Corp. | Reduce -3.1% | 0.43% | −0.02 |
| PSKY Paramount Skydance Class B | Reduce -33.2% | 0.02% | −0.02 |
| SPG Simon Property Group Inc. | Reduce -14.0% | 0.10% | −0.02 |
| YUM Yum! Brands Inc. | Reduce -14.6% | 0.10% | −0.02 |
| BIIB Biogen Inc. | Reduce -40.7% | 0.04% | −0.01 |
| IRM Iron Mountain Inc. | Reduce -6.1% | 0.04% | −0.01 |
| DKS Dick's Sporting Goods Inc. | Reduce -13.7% | 0.04% | −0.01 |
| MCD McDonald's Corp. | Reduce -4.4% | 0.45% | −0.01 |
| NTAP Netapp Inc. | Reduce -7.5% | 0.07% | −0.01 |
| LIN Linde PLC | Reduce -4.4% | 0.08% | −0.01 |
| SYY Sysco Corp. | Reduce -0.5% | 0.10% | −0.01 |
| CMA Comerica Inc. | Reduce -54.6% | 0.02% | −0.01 |
| CRBG Corebridge Financial Inc. | Reduce -26.5% | 0.02% | −0.01 |
| LH Labcorp Holdings Inc. | Reduce -6.3% | 0.05% | −0.01 |
| VLO Valero Energy Corp. | Reduce -3.3% | 0.12% | −0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -6.2% | 0.09% | −0.01 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.01 |
| ABT Abbott Laboratories | Reduce -2.3% | 0.09% | −0.01 |
| BA The Boeing Co. | Reduce -25.6% | 0.02% | −0.01 |
| PSX Phillips 66 | Reduce -2.8% | 0.09% | −0.01 |
| Q Qnity Electronics Inc. | Reduce -24.0% | 0.02% | −0.01 |
| INTC Intel Corp. | Reduce -11.7% | 0.37% | −0.01 |
| LDOS Leidos Holdings Inc. | Reduce -10.8% | 0.04% | −0.01 |
| DGX Quest Diagnostics Inc. | Reduce -5.7% | 0.04% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -4.4% | 0.49% | −0.01 |
| CVX Chevron Corp. | Reduce -0.9% | 0.34% | −0.00 |
| ALL Allstate Corp. | Reduce -6.8% | 0.05% | −0.00 |
| WAT Waters Corp. | Reduce -45.9% | 0.01% | −0.00 |
| EXC Exelon Corp. | Reduce -7.8% | 0.04% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +3.5% | 13.68% | +0.56 |
| JNJ Johnson & Johnson | Add +18.9% | 1.83% | +0.47 |
| CSCO Cisco Systems Inc. | Add +3.6% | 1.34% | +0.21 |
| ABBV Abbvie Inc. | Add +19.6% | 1.13% | +0.19 |
| MRK Merck & Co. Inc. | Add +0.2% | 0.81% | +0.17 |
| LRCX Lam Research Corp. | Add +2.4% | 0.57% | +0.14 |
| AMAT Applied Materials Inc. | Add +4.9% | 0.52% | +0.13 |
| GILD Gilead Sciences Inc. | Add +2.5% | 1.01% | +0.13 |
| REGN Regeneron Pharmaceuticals | Add +9.3% | 0.24% | +0.08 |
| BMY Bristol-Myers Squibb Co. | Add +3.1% | 0.42% | +0.08 |
| AMGN Amgen Inc. | Add +1.6% | 0.50% | +0.08 |
| ACN Accenture PLC Class A | Add +8.7% | 0.36% | +0.06 |
| IBM Intl Business Machines Corp. | Add +0.8% | 0.87% | +0.06 |
| UPS United Parcel Service Class B | Add +7.2% | 0.24% | +0.05 |
| AMZN Amazon.com Inc. | Add +3.2% | 0.54% | +0.05 |
| CI The Cigna Group | Add +32.4% | 0.21% | +0.05 |
| PEP Pepsico Inc. | Add +3.6% | 0.65% | +0.04 |
| KLAC KLA Corp. | Add +3.8% | 0.27% | +0.04 |
| TGT Target Corp. | Add +2.5% | 0.35% | +0.04 |
| GLW Corning Inc. | Add +9.6% | 0.25% | +0.04 |
| TER Teradyne Inc. | Add +8.6% | 0.11% | +0.04 |
| DG Dollar General Corp. | Add +5.4% | 0.14% | +0.04 |
| LUMN Lumen Technologies Inc. | Add +27.9% | 0.10% | +0.04 |
| HCA HCA Healthcare Inc. | Add +5.3% | 0.26% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +19.1% | 0.27% | +0.04 |
| EXPE Expedia Group Inc. | Add +20.1% | 0.09% | +0.04 |
| STX Seagate Technology Holdings | Add +0.4% | 0.22% | +0.03 |
| FERG Ferguson Enterprises Inc. | Add +66.5% | 0.09% | +0.03 |
| V Visa Inc. Class A | Add +2.7% | 0.52% | +0.03 |
| MPC Marathon Petroleum Corp. | Add +32.7% | 0.27% | +0.03 |
| NUE Nucor Corp. | Add +0.3% | 0.17% | +0.03 |
| LMT Lockheed Martin Corp. | Add +7.5% | 0.58% | +0.03 |
| T AT&T Inc. | Add +18.1% | 0.58% | +0.03 |
| CHRW C.H. Robinson Worldwide Inc. | Add +0.6% | 0.15% | +0.03 |
| COR Cencora Inc. | Add +17.9% | 0.12% | +0.03 |
| TPR Tapestry Inc. | Add +5.6% | 0.14% | +0.02 |
| EXE Expand Energy Corp. | Add +34.8% | 0.08% | +0.02 |
| CNC Centene Corp. | Add +19.7% | 0.08% | +0.02 |
| AMT American Tower Corp. | Add +57.4% | 0.07% | +0.02 |
| ELV Elevance Health Inc. | Add +11.1% | 0.12% | +0.02 |
| HWM Howmet Aerospace Inc. | Add +1.2% | 0.29% | +0.02 |
| CMCSA Comcast Corp. Class A | Add +12.3% | 0.26% | +0.02 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Add +14.1% | 0.05% | +0.02 |
| DLTR Dollar Tree Inc. | Add +7.7% | 0.06% | +0.02 |
| PFE Pfizer Inc. | Add +4.7% | 0.52% | +0.02 |
| APA Apa Corp. | Add +143.0% | 0.03% | +0.02 |
| OMC Omnicom Group | Add +25.9% | 0.09% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.5% | 0.99% | +0.02 |
| CRM Salesforce Inc. | Add +15.1% | 0.07% | +0.02 |
| LOW Lowe's Cos Inc. | Add +6.3% | 0.52% | +0.02 |
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 |