DM
Deseret Mutual Benefit Administrators Quarterly 13F Portfolio Update (Q2 2026)
Deseret Mutual Benefit AdministratorsCIK: 0001789351
Diversified strategyMomentum followerLong-term holder
Total reported value
$306.1M
Reporting period: 2026-06-30 · Number of holdings: 518
Deseret Mutual Benefit Administrators disclosed 518 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $306.1M and a quarterly turnover rate of 17.9%.
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Personality snowflake
- Concentration
- 9.98
- Portfolio Stability
- 17.94
- Momentum
- 100
- Sector conviction
- 50.62
- Diversification
- 100
- Sizing Uniformity
- 65.44
Deseret Mutual Benefit Administrators's disclosed holdings carry a Herfindahl concentration index of 0.025 — mathematically equivalent to about 40 equally-sized positions, well below its 518 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.46), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AMAT
-10.5% $3.2M
Add LRCX
-11.3% $3.0M
Add FLTR
+26.9% $3.2M
Add CLOI
+18.3% $3.3M
Add INTC
-34.2% $1.7M
Add STX
-16.8% $1.6M
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 518 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 10.49% | -0.23% | +1.52% | |
| 2 | CLOI | Vaneck Clo ETF | ETF-Other | 6.89% | +0.84% | +18.29% | |
| 3 | FLTR | Vaneck Ig Floating Rate ETF | ETF-Other | 4.87% | +0.89% | +26.91% | |
| 4 | AAPL | Apple Inc | Stock-Tech | 3.62% | -0.26% | -14.64% | |
| 5 | CSCO | Cisco Systems Inc | Stock-Tech | 2.26% | +0.40% | -16.36% | |
| 6 | AMAT | Applied Materials Inc | Stock-Tech | 2.25% | +1.01% | -10.53% | |
| 7 | LRCX | Lam Research CORP | Stock-Tech | 2.17% | +0.91% | -11.33% | |
| 8 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.98% | -0.47% | -18.81% | |
| 9 | AVGO | Broadcom Inc | Stock-Tech | 1.82% | -0.22% | -23.89% | |
| 10 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.46% | -0.14% | -23.34% | |
| 11 | CAT | Caterpillar Inc | Stock-Industrials | 1.43% | +0.33% | -9.86% | |
| 12 | ABBV | Abbvie Inc | Stock-Healthcare | 1.33% | -0.01% | -10.49% | |
| 13 | HD | Home Depot Inc | Stock-Consumer Disc | 1.09% | -0.05% | -7.23% | |
| 14 | GILD | Gilead Sciences Inc | Stock-Healthcare | 1.09% | -0.47% | -19.36% | |
| 15 | INTC | Intel CORP | Stock-Tech | 1.09% | +0.54% | -34.23% | |
| 16 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.03% | +0.08% | -12.79% | |
| 17 | STX | Seagate Technology Holdings plc | Stock-Tech | 1.03% | +0.50% | -16.79% | |
| 18 | KLAC | Kla CORP | Stock-Tech | 1.02% | +0.44% | +791.75% | |
| 19 | TXN | Texas Instruments Inc | Stock-Tech | 1.00% | +0.25% | -9.69% | |
| 20 | GLW | Corning Inc | Stock-Tech | 1.00% | +0.35% | -15.08% | |
| 21 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.97% | -0.10% | -11.11% | |
| 22 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.86% | -0.10% | -5.37% | |
| 23 | MPC | Marathon Petroleum CORP | Stock-Energy | 0.85% | -0.03% | -3.94% | |
| 24 | MSFT | Microsoft CORP | Stock-Tech | 0.84% | -0.04% | -1.13% | |
| 25 | AMGN | Amgen Inc | Stock-Healthcare | 0.83% | +0.07% | +10.36% | |
| 26 | V | Visa Inc-class A Shares | Stock-Financials | 0.83% | +0.01% | -7.08% | |
| 27 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.82% | — | -8.72% | |
| 28 | QCOM | Qualcomm Inc | Stock-Tech | 0.80% | +0.09% | -17.40% | |
| 29 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.73% | -0.05% | -6.09% | |
| 30 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.71% | -0.28% | -10.45% | |
| 31 | UNP | Union Pacific CORP | Stock-Industrials | 0.71% | -0.05% | -13.40% | |
| 32 | XOM | Exxon Mobil CORP | Stock-Energy | 0.69% | -0.31% | -10.67% | |
| 33 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.68% | -0.07% | -11.12% | |
| 34 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.68% | -0.24% | -11.07% | |
| 35 | TGT | Target CORP | Stock-Consumer Disc | 0.68% | -0.05% | -10.23% | |
| 36 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 0.66% | -0.16% | -10.28% | |
| 37 | HWM | Howmet Aerospace Inc | Stock-Industrials | 0.64% | +0.01% | -9.23% | |
| 38 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.63% | -0.02% | -8.93% | |
| 39 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.59% | -0.02% | +0.78% | |
| 40 | ORCL | Oracle CORP | Stock-Tech | 0.59% | -0.36% | -35.48% | |
| 41 | IBM | Intl Business Machines CORP | Stock-Tech | 0.54% | — | -9.86% | |
| 42 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.53% | +0.15% | -5.64% | |
| 43 | MA | Mastercard Inc - A | Stock-Financials | 0.51% | -0.04% | -6.83% | |
| 44 | MMM | 3m Co | Stock-Industrials | 0.50% | -0.13% | -26.32% | |
| 45 | MU | Micron Technology Inc | Stock-Tech | 0.49% | +0.23% | -42.72% | |
| 46 | BAC | Bank Of America CORP | Stock-Financials | 0.46% | — | -10.11% | |
| 47 | CVX | Chevron CORP | Stock-Energy | 0.45% | -0.21% | -11.13% | |
| 48 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.45% | -0.13% | -7.20% | |
| 49 | UPS | United Parcel Service-cl B | Stock-Industrials | 0.45% | +0.06% | +8.22% | |
| 50 | TER | Teradyne Inc | Stock-Tech | 0.40% | +0.11% | -12.19% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+2.5%
Performance Last 4 Quarters
+20.1%
- Stdev
- +9.7%
- Beta
- +0.69
- Alpha
- +1.8%
- Max Drawdown
- -4.9%
- Annualized Perf
- +16.2%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +3.07
- Stutzer
- +0.46
- Treynor
- +0.23
- Sterling
- +1.13
- Calmar
- +3.26
- Information Ratio
- -0.8
- Tracking Error
- +5.6%
- Stdev Down
- +5.1%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +25.9%
- Worst 12 Months
- +4.4%
- Efficiency Ratio
- +0.6
- Sharpe
- +1.6
- Stdev Sectors
- +8.4%
- Skewness
- -0.36
- Kurtosis
- -0.4
- Upside Potential
- +4.65
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 518 | $306.1M | 18 | ||
| 2026 Q1 | 508 | $293.6M | 61 | ||
| 2025 Q4 | 499 | $234.4M | 11 | ||
| 2025 Q3 | 516 | $237.6M | 25 | ||
| 2025 Q2 | 499 | $213.3M | 0 | ||
| 2025 Q1 | 502 | $201.5M | 100 | ||
| 2024 Q4 | 489 | $203.3M | 0 | ||
| 2024 Q3 | 493 | $196.5M | 0 | ||
| 2024 Q2 | 496 | $215.6M | 0 | ||
| 2024 Q1 | 484 | $199.7M | 0 | ||
| 2023 Q4 | 480 | $173.4M | 0 | ||
| 2023 Q3 | 499 | $203.7M | 0 | ||
| 2023 Q2 | 505 | $257.0M | 0 | ||
| 2023 Q1 | 496 | $252.8M | 0 | ||
| 2022 Q4 | 488 | $243.3M | 0 | ||
| 2022 Q3 | 493 | $355.0M | 0 | ||
| 2022 Q2 | 492 | $442.7M | 0 | ||
| 2022 Q1 | 485 | $500.0M | 0 | ||
| 2021 Q4 | 491 | $594.9M | 0 | ||
| 2021 Q3 | 498 | $543.3M | 0 | ||
| 2021 Q2 | 501 | $412.8M | 100 | ||
| 2021 Q1 | 4 | $203.8M | 17 | ||
| 2020 Q4 | 4 | $171.6M | 33 | ||
| 2020 Q3 | 5 | $146.7M | 19 | ||
| 2020 Q2 | 9 | $147.1M | 23 | ||
| 2020 Q1 | 6 | $131.6M | 41 | ||
| 2019 Q4 | 5 | $126.3M | — |
Holding changes this quarter
Deseret Mutual Benefit Administrators's most significant position changes for 2026-06-30: Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; Sold out: Coterra Energy Inc (CTRA); Sold out: Dupont De Nemours Inc (6D8).
Showing top 200 changes by size (of 525 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMAT | Applied Materials Inc | +1% | -10.53% | Trim |
| 2 | LRCX | Lam Research CORP | +0.9% | -11.33% | Trim |
| 3 | FLTR | Vaneck Ig Floating Rate ETF | +0.9% | +26.91% | Add |
| 4 | CLOI | Vaneck Clo ETF | +0.8% | +18.29% | Add |
| 5 | INTC | Intel CORP | +0.5% | -34.23% | Trim |
| 6 | STX | Seagate Technology Holdings plc | +0.5% | -16.79% | Trim |
| 7 | KLAC | Kla CORP | +0.4% | +791.75% | Add |
| 8 | CSCO | Cisco Systems Inc | +0.4% | -16.36% | Trim |
| 9 | GLW | Corning Inc | +0.4% | -15.08% | Trim |
| 10 | CAT | Caterpillar Inc | +0.3% | -9.86% | Trim |
| 11 | TXN | Texas Instruments Inc | +0.3% | -9.69% | Trim |
| 12 | MU | Micron Technology Inc | +0.2% | -42.72% | Trim |
| 13 | DELL | Dell Technologies -c | +0.2% | -14.25% | Trim |
| 14 | UNH | Unitedhealth Group Inc | +0.2% | -5.64% | Trim |
| 15 | TER | Teradyne Inc | +0.1% | -12.19% | Trim |
| 16 | QCOM | Qualcomm Inc | +0.1% | -17.40% | Trim |
| 17 | AMD | Advanced Micro Devices | +0.1% | -32.19% | Trim |
| 18 | LLY | Eli Lilly & Co | +0.1% | -12.79% | Trim |
| 19 | HUM | Humana Inc | +0.1% | -7.02% | Trim |
| 20 | AMGN | Amgen Inc | +0.1% | +10.36% | Add |
| 21 | EBAY | Ebay Inc | +0.1% | +5.25% | Add |
| 22 | CNC | Centene CORP | +0.1% | -9.98% | Trim |
| 23 | UPS | United Parcel Service-cl B | +0.1% | +8.22% | Add |
| 24 | NTAP | Netapp Inc | +0.1% | +8.62% | Add |
| 25 | ✓ | +0.1% | NEW | New buy | |
| 26 | ✓ | +0.1% | NEW | New buy | |
| 27 | MRVL | Marvell Technology Inc | 0% | -24.24% | Trim |
| 28 | JBL | Jabil Inc | 0% | +23.02% | Add |
| 29 | FTNT | Fortinet Inc | 0% | -10.96% | Trim |
| 30 | HPE | Hewlett Packard Enterprise | 0% | -21.16% | Trim |
| 31 | APTV | Aptiv PLC | 0% | +99.16% | Add |
| 32 | EA | Electronic Arts Inc | 0% | +33.12% | Add |
| 33 | DLTR | Dollar Tree Inc | 0% | +44.54% | Add |
| 34 | ELV | Elevance Health Inc | 0% | -6.93% | Trim |
| 35 | MDT | Medtronic plc | 0% | +114.50% | Add |
| 36 | ✓ | 0% | NEW | New buy | |
| 37 | NUE | Nucor CORP | 0% | -14.75% | Trim |
| 38 | CVS | Cvs Health CORP | 0% | -20.63% | Trim |
| 39 | GE | General Electric | 0% | -11.12% | Trim |
| 40 | NVDA | Nvidia CORP | 0% | -2.37% | Trim |
| 41 | INCY | Incyte CORP | 0% | +33.46% | Add |
| 42 | ✓ | 0% | NEW | New buy | |
| 43 | JBHT | Hunt (jb) Transprt Svcs Inc | 0% | -8.25% | Trim |
| 44 | GWW | Ww Grainger Inc | 0% | -10.02% | Trim |
| 45 | PANW | Palo Alto Networks Inc | 0% | +15.68% | Add |
| 46 | WDC | Western Digital CORP | 0% | -48.02% | Trim |
| 47 | DVA | Davita Inc | 0% | -17.98% | Trim |
| 48 | FLEX | Flex Ltd. | 0% | -31.35% | Trim |
| 49 | Q | Qnity Electronics Inc | 0% | -1.74% | Trim |
| 50 | V | Visa Inc-class A Shares | 0% | -7.08% | Trim |
1–50 of 200
Filing History
FAQ
What is Deseret Mutual Benefit Administrators and what type of investor is it?
Deseret Mutual Benefit Administrators is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $306.1M, spread across 518 disclosed positions.
What are Deseret Mutual Benefit Administrators's largest equity positions?
Based on the latest 13F filing, Deseret Mutual Benefit Administrators's top holdings by market value are:
1. Ishr Ibx Usd Hiyld Cb Etf-ui (HYG) — $32.1M (10.5%)
2. Vaneck Clo ETF (CLOI) — $21.1M (6.9%)
3. Vaneck Ig Floating Rate ETF (FLTR) — $14.9M (4.9%)
4. Apple Inc (AAPL) — $11.1M (3.6%)
5. Cisco Systems Inc (CSCO) — $6.9M (2.3%)
What changes did Deseret Mutual Benefit Administrators make in its most recent portfolio filing?
In the latest reported quarter, Deseret Mutual Benefit Administrators made 200 notable position adjustments: 5 new positions were initiated, 34 existing holdings were added to, 156 positions were partially reduced, and 5 were completely exited. The largest of these moves: Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; Sold out: Coterra Energy Inc (CTRA); Sold out: Dupont De Nemours Inc (6D8)
What sectors does Deseret Mutual Benefit Administrators focus on?
Deseret Mutual Benefit Administrators is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 32.3%
• Health Care: 14.9%
• Industrials: 11.2%
• Consumer Discretionary: 10.3%
• Financials: 9.7%
• Communication Services: 5.8%
Investment Profile
Deseret Mutual Benefit Administrators returned an annualized 16.2% over the trailing 36 months — outperforming the S&P 500 by 1.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.69 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 32.3% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 18 over the past 4 quarters — a shift toward more active trading.
It has added to its CLOI position over the past two quarters (+$6.4M, now $21.1M), while trimming WMT over the same stretch (-$687.9K, still holding $934.1K).
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Developer Access
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REST API
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