State Farm Mutual Automobile Insurance Co
Reported US equity positions for Q1 2026 — $126.9B across 197 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| CAT Caterpillar, Inc. | $10.3B | 8.1% | 14,564,726 |
| LLY Eli Lilly and Company | $9.9B | 7.8% | 10,759,188 |
| JNJ Johnson & Johnson | $7.7B | 6.1% | 31,590,952 |
| AAPL Apple Inc. | $6.0B | 4.7% | 23,496,832 |
| ITW Illinois Tool Works Inc. | $5.5B | 4.3% | 21,029,900 |
| XOM ExxonMobil Holdings Corporation | $5.2B | 4.1% | 30,520,300 |
| WMT Walmart Inc. | $4.8B | 3.8% | 38,994,947 |
| NUE Nucor Corporation | $4.1B | 3.2% | 24,206,873 |
| MSFT Microsoft Corporation | $3.8B | 3.0% | 10,360,148 |
| N07059210 Asml Hldg Nv | $3.6B | 2.9% | 2,758,173 |
| APD Air Products and Chemicals, Inc. | $3.4B | 2.7% | 11,840,799 |
| ADM Archer-Daniels-Midland Company | $3.4B | 2.7% | 46,796,552 |
| WFC Wells Fargo & Company | $3.2B | 2.5% | 39,758,338 |
| GOOGL Alphabet Inc. | $3.1B | 2.4% | 10,777,820 |
| CVX Chevron Corporation | $2.8B | 2.2% | 13,334,215 |
| VMC Vulcan Materials Company (Holding Company) | $2.6B | 2.0% | 9,521,730 |
| PG The Procter & Gamble Company | $2.3B | 1.8% | 15,800,799 |
| KLAC KLA Corporation | $2.1B | 1.6% | 1,403,604 |
| ZTS Zoetis Inc. Class A | $1.9B | 1.5% | 15,892,903 |
| GLW Corning Incorporated | $1.8B | 1.4% | 13,423,216 |
| MRK Merck & Company, Inc. Common Stock (new) | $1.7B | 1.3% | 13,794,969 |
| DE Deere & Company | $1.6B | 1.2% | 2,803,405 |
| PFE Pfizer, Inc. | $1.5B | 1.2% | 54,508,560 |
| DIS The Walt Disney Company | $1.5B | 1.1% | 15,127,518 |
| ABT Abbott Laboratories | $1.4B | 1.1% | 13,587,118 |
| KO The Coca-Cola Company | $1.4B | 1.1% | 18,227,000 |
| INTU Intuit Inc. | $1.3B | 1.0% | 3,058,534 |
| ABBV AbbVie Inc. | $1.3B | 1.0% | 5,892,808 |
| INTC Intel Corporation | $1.2B | 0.9% | 26,597,146 |
| MMM 3M Company | $1.2B | 0.9% | 7,934,035 |
| GE GE Aerospace | $1.1B | 0.9% | 3,875,831 |
| META Meta Platforms, Inc. | $1.1B | 0.9% | 1,909,500 |
| RIO Rio Tinto Plc | $1.0B | 0.8% | 10,931,820 |
| AMGN Amgen Inc. | $955.5M | 0.8% | 2,715,656 |
| GATX GATX Corporation | $926.7M | 0.7% | 5,427,338 |
| ADT ADT Inc. | $876.0M | 0.7% | 133,333,333 |
| TXN Texas Instruments Incorporated | $854.8M | 0.7% | 4,402,785 |
| MTB M&T Bank Corporation | $852.2M | 0.7% | 4,122,590 |
| MKC McCormick & Company, Incorporated | $833.4M | 0.7% | 16,522,728 |
| DCI Donaldson Company, Inc. | $775.9M | 0.6% | 9,142,617 |
| EMR Emerson Electric Company | $765.0M | 0.6% | 5,838,867 |
| ADP Automatic Data Processing, Inc. | $743.1M | 0.6% | 3,657,287 |
| UNP Union Pacific Corporation | $732.2M | 0.6% | 3,018,016 |
| G7496G103 Renaissancere Hldgs LTD | $713.1M | 0.6% | 2,399,303 |
| T AT&T Inc. | $700.0M | 0.6% | 24,147,315 |
| ANET Arista Networks, Inc. | $689.9M | 0.5% | 5,619,228 |
| PEP PepsiCo, Inc. | $646.1M | 0.5% | 4,160,441 |
| CTVA Corteva, Inc. | $639.1M | 0.5% | 7,634,624 |
| ATR AptarGroup, Inc. | $597.9M | 0.5% | 4,744,564 |
| NTRS Northern Trust Corporation | $578.5M | 0.5% | 4,145,102 |
| CL Colgate-Palmolive Company | $573.6M | 0.5% | 6,730,570 |
| HGTY Hagerty, Inc. Class A | $545.5M | 0.4% | 51,800,000 |
| BAC Bank of America Corporation | $487.5M | 0.4% | 9,710,284 |
| GOOG Alphabet Inc. - Class C Capital Stock | $482.7M | 0.4% | 1,682,807 |
| AMZN Amazon.com, Inc. | $467.9M | 0.4% | 2,246,620 |
| DUK Duke Energy Corporation (Holding Company) | $467.4M | 0.4% | 3,569,308 |
| A Agilent Technologies, Inc. | $436.0M | 0.3% | 3,825,278 |
| V Visa Inc. | $350.2M | 0.3% | 1,158,711 |
| UL Unilever PLC American Preferred | $348.8M | 0.3% | 6,122,449 |
| CTRA Coterra Energy INC | $341.1M | 0.3% | 9,706,118 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| CAT Caterpillar, Inc. | Trim | $10.3B | $10.0B | -16% |
| LLY Eli Lilly and Company | Trim | $9.9B | $13.4B | -14% |
| KLAC KLA Corporation | Trim | $2.1B | $1.7B | -1% |
| GLW Corning Incorporated | Trim | $1.8B | $1.2B | -4% |
| DE Deere & Company | Trim | $1.6B | $1.3B | -1% |
| DIS The Walt Disney Company | Trim | $1.5B | $2.6B | -33% |
| GE GE Aerospace | Trim | $1.1B | $1.2B | -1% |
| VOO Vanguard S&P 500 ETF | Add | $237.1M | $178.2M | +40% |
| GOVT iShares U.S. Treasury Bond ETF | Add | $77.2M | $54.5M | +42% |
| IEX IDEX Corporation | Trim | $61.9M | $59.8M | -3% |
| WAT Waters Corporation | Add | $56.5M | $46.0M | +57% |
| SCHA Schwab U.S. Small-Cap ETF | Add | $28.6M | $17.0M | +65% |
| VYMI Vanguard International High Dividend Yield ETF | Add | $24.0M | $18.7M | +23% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | Add | $19.0M | $13.6M | +41% |
| VTEB Vanguard Tax-Exempt Bond ETF | Add | $18.3M | $12.6M | +46% |
| IEMG iShares Core MSCI Emerging Markets ETF | Add | $17.9M | $13.2M | +31% |
| TLH iShares 10-20 Year Treasury Bond ETF | Add | $8.4M | $6.0M | +42% |
| SCHP Schwab U.S. TIPS ETF | Add | $7.9M | $5.4M | +45% |
| FLOT iShares Floating Rate Bond ETF | Add | $7.7M | $5.4M | +43% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | Add | $4.6M | $2.5M | +90% |
| N5505D105 Magnum Ice Cream Co Nv | Trim | $3.0M | $21.8M | -86% |
| EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | Add | $2.7M | $1.9M | +45% |
| PGX Invesco Preferred ETF | Add | $359,584 | $349,688 | +6% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.