State Farm Mutual Automobile Insurance Co.
State Farm Mutual Automobile Insurance Company, headquartered in Bloomington, Illinois, is the largest property, casualty, and auto insurance provider in the United States. Founded in 1922 by George J. Mecherle, it operates as a mutual insurance company owned by its policyholders. The firm employs approximately 70,000 people and works with 19,000 agents nationwide, offering insurance, banking, and financial services, primarily serving individuals and families for auto, home, life, and related insurance needs as well as investment products.
Investment Strategy
State Farm pursues a strategy focused on diversified holdings in major sectors, including pharmaceuticals, technology, industrials, and financial products, with top portfolio investments in companies like Eli Lilly, Caterpillar, Apple, and Johnson & Johnson. The mutual fund and investment management arm emphasizes long-term financial goals, disciplined risk management, and cost-efficient investment solutions, providing mutual fund products and financial services directly to its policyholders and associates. The company invests in both public equities and fixed-income securities, and also supports innovative startups to complement its insurance and financial service offerings.
Top Holdings
Equity Positions (120)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
L LLY | ELI LILLY & CO | 8.63% | $9.75B | 12,513,460 | $84.53 | $779.53 | -$590.9M |
C CAT | CATERPILLAR INC | 6.07% | $6.86B | 17,669,440 | $26.05 | $388.21 | +$1.03B |
M MSFT | MICROSOFT CORP | 4.77% | $5.39B | 10,836,872 | $98.25 | $497.41 | +$1.31B |
I ITW | ILLINOIS TOOL WKS INC | 4.60% | $5.20B | 21,029,900 | $32.19 | $247.25 | -$16.0M |
A AAPL | APPLE INC | 4.54% | $5.14B | 25,029,759 | $33.57 | $205.17 | -$482.4M |