Deseret Mutual Benefit Administrators
Long book
$293.6M
Q1 2026
Positions
508
Top-10 weight
35%
concentration
Last quarter
+12.2%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsDeseret Mutual Benefit Administrators is an institutional manager, running a $293.6M US long book across 508 positions.
The portfolio is moderately concentrated (top 10 ≈ 35% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHR IBX USD HIYLD CB ETF-UI, VANECK CLO ETF, VANECK IG FLOATING RATE ETF, APPLE INC, JOHNSON & JOHNSON.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.5%
Q2 2024
+5.5%
Q3 2024
-0.6%
Q4 2024
+0.4%
Q1 2025
+5.2%
Q2 2025
+5.2%
Q3 2025
+2.4%
Q4 2025
+1.0%
Q1 2026
+12.2%
Sector allocation
Technology 25%
Healthcare 15%
Industrials 14%
Consumer discretionary 11%
Financials 10%
Other 5%
Energy 5%
Services media 5%
Long book by quarter
What does Deseret Mutual own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 44.9K | $11.4M | 3.9% | +107.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 29.4K | $7.2M | 2.4% | +42.0% |
| AVGO BROADCOM INC | Technology | 19.4K | $6.0M | 2.0% | +125.1% |
| CSCO CISCO SYSTEMS INC | Technology | 70.5K | $5.5M | 1.9% | +72.9% |
| GOOGL ALPHABET INC-CL A | Technology | 16.3K | $4.7M | 1.6% | +70.6% |
| GILD GILEAD SCIENCES INC | Healthcare | 32.8K | $4.6M | 1.6% | +70.1% |
| ABBV ABBVIE INC | Healthcare | 18.0K | $3.9M | 1.3% | +55.1% |
| LRCX LAM RESEARCH CORP | Industrials | 17.3K | $3.7M | 1.3% | +123.1% |
| AMAT APPLIED MATERIALS INC | Technology | 10.6K | $3.6M | 1.2% | +122.4% |
| HD HOME DEPOT INC | Consumer discretionary | 10.2K | $3.4M | 1.1% | +110.6% |
| CAT CATERPILLAR INC | Industrials | 4.6K | $3.2M | 1.1% | +148.6% |
| MRK MERCK & CO. INC. | Healthcare | 26.1K | $3.1M | 1.1% | +44.6% |
| XOM EXXON MOBIL CORP | Energy | 17.2K | $2.9M | 1.0% | +75.9% |
| LMT LOCKHEED MARTIN CORP | Industrials | 4.8K | $2.9M | 1.0% | +69.5% |
| META META PLATFORMS INC-CLASS A | Technology | 4.9K | $2.8M | 1.0% | +112.4% |
| ORCL ORACLE CORP | Technology | 19.1K | $2.8M | 1.0% | +47.1% |
| LLY ELI LILLY & CO | Healthcare | 3.0K | $2.8M | 0.9% | +85.0% |
| PEP PEPSICO INC | Consumer staples | 17.4K | $2.7M | 0.9% | +63.8% |
| MPC MARATHON PETROLEUM CORP | Energy | 10.6K | $2.6M | 0.9% | +168.6% |
| MSFT MICROSOFT CORP | Technology | 7.0K | $2.6M | 0.9% | +93.5% |
| LOW LOWE'S COS INC | Consumer discretionary | 10.2K | $2.4M | 0.8% | +102.1% |
| V VISA INC-CLASS A SHARES | Services media | 7.9K | $2.4M | 0.8% | +128.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 11.5K | $2.4M | 0.8% | +107.7% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 4.8K | $2.3M | 0.8% | +3.5% |
| AMGN AMGEN INC | Healthcare | 6.4K | $2.2M | 0.8% | +76.7% |
| UNP UNION PACIFIC CORP | Industrials | 9.2K | $2.2M | 0.8% | +111.7% |
| TXN TEXAS INSTRUMENTS INC | Technology | 11.4K | $2.2M | 0.8% | +101.4% |
| KO COCA-COLA CO/THE | Consumer staples | 29.0K | $2.2M | 0.7% | +58.8% |
| TGT TARGET CORP | Consumer discretionary | 17.8K | $2.2M | 0.7% | +112.0% |
| QCOM QUALCOMM INC | Technology | 16.1K | $2.1M | 0.7% | +131.3% |
| CVX CHEVRON CORP | Energy | 9.4K | $1.9M | 0.7% | +79.8% |
| GLW CORNING INC | Industrials | 14.1K | $1.9M | 0.7% | +111.0% |
| JPM JPMORGAN CHASE & CO | Financials | 6.5K | $1.9M | 0.7% | +83.3% |
| MMM 3M CO | Healthcare | 12.8K | $1.9M | 0.6% | +60.7% |
| HWM HOWMET AEROSPACE INC | Industrials | 8.0K | $1.8M | 0.6% | +139.0% |
| PG PROCTER & GAMBLE CO/THE | Other | 12.3K | $1.8M | 0.6% | +18.8% |
| KLAC KLA CORP | Other | 1.2K | $1.7M | 0.6% | +122.8% |
| MCD MCDONALD'S CORP | Consumer discretionary | 5.5K | $1.7M | 0.6% | +57.4% |
| BKNG BOOKING HOLDINGS INC | Industrials | 385 | $1.6M | 0.6% | +79.9% |
| MA MASTERCARD INC - A | Services media | 3.2K | $1.6M | 0.6% | +130.7% |
| INTC INTEL CORP | Technology | 36.3K | $1.6M | 0.5% | +55.5% |
| TJX TJX COMPANIES INC | Consumer discretionary | 9.9K | $1.6M | 0.5% | +126.3% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 6.5K | $1.6M | 0.5% | -5.7% |
| NFLX NETFLIX INC | Services media | 16.2K | $1.6M | 0.5% | +136.9% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 3.9K | $1.5M | 0.5% | +108.9% |
| ACN ACCENTURE PLC-CL A | Services media | 7.4K | $1.5M | 0.5% | +130.9% |
| HCA HCA HEALTHCARE INC | Healthcare | 2.9K | $1.4M | 0.5% | +122.4% |
| BAC BANK OF AMERICA CORP | Financials | 27.7K | $1.4M | 0.5% | +80.5% |
| CSX CSX CORP | Industrials | 31.0K | $1.3M | 0.4% | +123.9% |
| C CITIGROUP INC | Financials | 10.4K | $1.2M | 0.4% | +71.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 508 | $293.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 499 | $234.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 516 | $237.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 4, 2025 | 499 | $213.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 502 | $201.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 489 | $203.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 31, 2024 | 493 | $196.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 2, 2024 | 496 | $215.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 484 | $199.7M | canonical | SEC ↗ |
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