# Deseret Mutual Benefit Administrators

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1789351. Source: https://holderbook.com/funds/1789351-deseret-mutual-benefit-administrators/

- Reported value: $306.1M
- Positions: 518
- Weight of the ten largest: 37.8%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $32.1M | 401,482 | 10.5% | 7 |
| VANECK ETF TRUST | [CLOI](https://holderbook.com/stocks/CLOI/) | $21.1M | 398,471 | 6.9% | 7 |
| VANECK ETF TRUST | [FLTR](https://holderbook.com/stocks/FLTR/) | $14.9M | 581,638 | 4.9% | 24 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $11.1M | 38,315 | 3.6% | 21 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $6.9M | 58,941 | 2.3% | 21 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $6.9M | 9,526 | 2.2% | 21 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $6.7M | 15,349 | 2.2% | 6 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $6.1M | 23,848 | 2.0% | 21 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.6M | 14,753 | 1.8% | 21 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.5M | 12,520 | 1.5% | 21 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $4.4M | 4,123 | 1.4% | 21 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $4.1M | 16,153 | 1.3% | 21 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.3M | 9,482 | 1.1% | 21 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $3.3M | 26,448 | 1.1% | 21 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $3.3M | 23,895 | 1.1% | 21 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.2M | 2,639 | 1.0% | 21 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $3.2M | 3,280 | 1.0% | 21 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $3.1M | 10,371 | 1.0% | 21 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $3.1M | 10,298 | 1.0% | 21 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $3.1M | 11,967 | 1.0% | 21 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $3.0M | 23,182 | 1.0% | 21 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.6M | 4,655 | 0.9% | 21 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $2.6M | 10,203 | 0.9% | 21 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.6M | 6,909 | 0.8% | 21 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.5M | 7,031 | 0.8% | 21 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.5M | 7,368 | 0.8% | 21 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.5M | 10,490 | 0.8% | 21 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $2.5M | 13,279 | 0.8% | 21 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.2M | 4,468 | 0.7% | 21 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $2.2M | 4,292 | 0.7% | 21 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $2.2M | 7,959 | 0.7% | 21 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.1M | 15,392 | 0.7% | 21 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.1M | 25,732 | 0.7% | 21 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.1M | 15,438 | 0.7% | 21 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $2.1M | 15,982 | 0.7% | 21 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $2.0M | 9,168 | 0.7% | 21 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $2.0M | 7,254 | 0.6% | 21 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.9M | 5,925 | 0.6% | 21 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.8M | 12,413 | 0.6% | 21 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.8M | 12,295 | 0.6% | 21 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.6M | 5,860 | 0.5% | 21 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.6M | 3,914 | 0.5% | 21 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.5M | 3,014 | 0.5% | 21 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.5M | 9,414 | 0.5% | 21 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.5M | 1,302 | 0.5% | 21 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.4M | 24,897 | 0.5% | 21 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.4M | 8,343 | 0.5% | 21 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.4M | 5,088 | 0.4% | 21 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $1.4M | 12,737 | 0.4% | 21 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $1.2M | 2,535 | 0.4% | 14 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $1.2M | 2,792 | 0.4% | 21 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.2M | 6,748 | 0.4% | 21 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $1.2M | 7,826 | 0.4% | 21 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $1.2M | 8,311 | 0.4% | 21 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $1.1M | 24,030 | 0.4% | 21 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $1.1M | 4,982 | 0.4% | 21 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.1M | 15,251 | 0.4% | 21 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $1.1M | 9,650 | 0.4% | 21 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $990.8K | 11,989 | 0.3% | 21 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $984.1K | 2,524 | 0.3% | 21 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $934.1K | 8,247 | 0.3% | 21 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $924.5K | 42,137 | 0.3% | 21 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $877.8K | 7,054 | 0.3% | 21 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $866.6K | 35,990 | 0.3% | 21 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $863.5K | 20,394 | 0.3% | 21 |
| VANECK ETF TRUST | [ANGL](https://holderbook.com/stocks/ANGL/) | $826.6K | 28,271 | 0.3% | 23 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $789.0K | 2,917 | 0.3% | 21 |
| BEST BUY INC | [BBY](https://holderbook.com/stocks/BBY/) | $766.2K | 10,098 | 0.3% | 21 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $749.5K | 7,245 | 0.2% | 21 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $733.6K | 6,453 | 0.2% | 21 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $732.1K | 35,366 | 0.2% | 21 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $727.1K | 4,967 | 0.2% | 21 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $725.1K | 3,624 | 0.2% | 21 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $723.3K | 1,160 | 0.2% | 21 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $712.4K | 3,181 | 0.2% | 21 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $696.8K | 689 | 0.2% | 21 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $696.0K | 7,592 | 0.2% | 21 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $677.1K | 11,752 | 0.2% | 21 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $657.0K | 1,131 | 0.2% | 21 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $648.5K | 11,679 | 0.2% | 21 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $644.0K | 6,195 | 0.2% | 21 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $635.7K | 2,441 | 0.2% | 21 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $634.3K | 4,460 | 0.2% | 21 |
| C H ROBINSON WORLDWIDE IN | [CHRW](https://holderbook.com/stocks/CHRW/) | $634.0K | 3,366 | 0.2% | 21 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $614.6K | 7,974 | 0.2% | 21 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $613.1K | 11,644 | 0.2% | 21 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $612.7K | 5,226 | 0.2% | 21 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $601.7K | 7,912 | 0.2% | 21 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $584.9K | 1,275 | 0.2% | 21 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $575.5K | 23,443 | 0.2% | 21 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $571.9K | 41,147 | 0.2% | 21 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $561.0K | 6,080 | 0.2% | 21 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $555.7K | 1,437 | 0.2% | 21 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $555.3K | 6,030 | 0.2% | 21 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $545.4K | 2,282 | 0.2% | 6 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $543.8K | 1,455 | 0.2% | 19 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $541.5K | 6,479 | 0.2% | 21 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $540.8K | 13,173 | 0.2% | 21 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $537.4K | 395 | 0.2% | 21 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $534.5K | 2,557 | 0.2% | 21 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.2% | +14.8% | -1.6% | 100% |
| Q1 2026 | +0.5% | -4.6% | +5.1% | 100% |
| Q4 2025 | +1.6% | +2.4% | -0.7% | 100% |
| Q3 2025 | +4.6% | +7.8% | -3.2% | 100% |
| Q2 2025 | +4.6% | +10.5% | -5.8% | 100% |
| Q1 2025 | -0.2% | -4.6% | +4.4% | 100% |
| Q4 2024 | -1.3% | +2.1% | -3.5% | 100% |
| Q3 2024 | +5.0% | +5.4% | -0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $306.1M | 518 |
| Q1 2026 | $293.6M | 508 |
| Q4 2025 | $234.4M | 499 |
| Q3 2025 | $237.6M | 516 |
| Q2 2025 | $213.3M | 499 |
| Q1 2025 | $201.5M | 502 |
| Q4 2024 | $203.3M | 488 |
| Q3 2024 | $196.5M | 493 |
| Q2 2024 | $215.6M | 496 |
| Q1 2024 | $199.7M | 484 |
| Q4 2023 | $173.4M | 480 |
| Q3 2023 | $203.7M | 498 |