Deseret Mutual Benefit Administrators

CIK 0001789351 · Q1 2026

13F Equity AUM

$293.6M

+25.2% QoQ

Positions

507

+8 QoQ

AUM Rank

#5,943

Top 48%

Skill Alpha (FF)

-2.1%/yr^ns

No Clear Edge

Rank #5,398 · Top 66%

vs S&P -6.3%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 27.1%Top 10: 35.5%Top 20: 46.1%

HYG10.7%

CLOI6.0%

FLTR4.0%

AAPL3.9%

JNJ2.5%

AVGO2.0%

CSCO1.9%

GOOGL1.6%

GILD1.6%

ABBV1.3%

Others (497)64.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services29.0%

Technology20.1%

Healthcare12.3%

Industrials9.2%

Consumer Cyclical7.7%

Consumer Defensive5.5%

Communication Services5.3%

Energy4.7%

Other6.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 507Median: 0.05%Avg: 0.20%

0–0.5%

459(34.7%)

0.5–1%

33(24.0%)

1–3%

11(16.7%)

3–5%

2(7.9%)

5%+

2(16.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 506Unique: 1vs 20 funds

6.9%Low

507

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

9.7%

JPMORGAN CHASE & CO

10.4%

BANK OF AMERICA CORP /DE/

10.7%

BlackRock, Inc.

12.6%

VANGUARD CAPITAL MANAGEMENT LLC

14.9%

STATE STREET CORP

14.7%

VANGUARD PORTFOLIO MANAGEMENT LLC

17.8%

GEODE CAPITAL MANAGEMENT, LLC

14.6%

FMR LLC

17.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New14Increased451Decreased42Exited5

New Positions

AMCOR PLC0.1%

+6K

APTV0.1%

+2K

MDT0.0%

+1K

NXST0.0%

+263

CHRD0.0%

+135

VSNT0.0%

+960

TT0.0%

+50

ACGL0.0%

+245

SW0.0%

+454

LBTYK0.0%

+3K

Increased

FLTR4.0%

+120K(+36%)

CLOI6.0%

+59K(+21%)

LUMN0.1%

+31K(+109%)

CSCO1.9%

+30K(+73%)

7HP0.3%

+26K(+129%)

AAPL3.9%

+23K(+107%)

F0.2%

+19K(+72%)

CSX0.4%

+17K(+124%)

GILD1.6%

+14K(+70%)

INTC0.6%

+13K(+55%)

Decreased

T0.4%

-15,734(-29%)

PFE0.4%

-8,800(-18%)

BAC0.4%

-7,827(-26%)

CVS0.2%

-5,843(-39%)

WMT0.4%

-5,210(-36%)

VTRS0.1%

-4,783(-31%)

BMY0.3%

-4,113(-23%)

HYG10.7%

-2,338(-1%)

ADM0.1%

-1,757(-32%)

FOXA0.0%

-1,249(-46%)

Exited

-749,613

-14,784

-414

-1,792

-42

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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