Deseret Mutual Benefit Administrators
Deseret Mutual Benefit Administrators (DMBA) is a Salt Lake City, Utah-based asset manager and benefits administrator, primarily serving employees and retirees of organizations affiliated with The Church of Jesus Christ of Latter-day Saints. Founded in 1970, DMBA specializes in managing retirement and employee benefit funds, with a team that administers investments and health plans across various sectors. As of Q2 2025, the firm manages over $213 million in SEC-reportable assets. DMBA employs professionals spanning investment management, benefits administration, and client services.
Investment Strategy
Deseret Mutual Benefit Administrators invests across public equities and ETFs, typically employing a diversified, long-only strategy with significant allocations to major US and international equities, fixed income, and alternative assets. The fund emphasizes prudent risk management designed to protect and grow assets to meet future benefit obligations of its plan participants. Portfolio changes suggest frequent rebalancing and adoption of new positions based on market conditions, consistent with the needs of a retirement and benefits trust.
Latest 13F Filing Activity
Deseret Mutual Benefit Administrators filed their most recent 13F report on Jun 30, 2025 disclosing 495 equity positions with a total 13F market value of $213M. The fund increased holdings in Invesco Exch TRD SLF Idx FD, Vaneck Etf Trust, Oracle Corp. among other positions. Deseret Mutual Benefit Administrators reduced exposure to Vaneck Etf Trust, Apple Inc., Abbvie Inc. among others.
Top Holdings
Equity Positions (495)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
O OMFL | INVESCO EXCH TRD SLF IDX FD | 21.48% | $45.8M | 792,983 | $51.94 | $57.78 | +$3.5M |
H HYG | ISHARES TR | 8.77% | $18.7M | 232,070 | $78.68 | $80.65 | +$676.7K |
F FLTR | VANECK ETF TRUST | 6.68% | $14.3M | 559,089 | $25.37 | $25.50 | -$852.4K |
C CLOI | VANECK ETF TRUST | 5.26% | $11.2M | 211,990 | $52.84 | $52.95 | +$2.2M |
A AAPL | APPLE INC | 2.07% | $4.4M | 21,529 | $144.75 | $205.17 | -$365.1K |