State Farm Mutual Automobile Insurance Co Portfolio Changes Q2 2026

As part of its ongoing investment management, State Farm Mutual Automobile Insurance Co, a major institutional investor, made several notable adjustments to its portfolio holdings during the second quarter ending June 30, 2026.

Major Purchases This Quarter

The insurer demonstrated significant buying activity in various sectors. Notably, they established new positions or substantially increased their stake in:

• KLA Corp (KLAC), adding a large number of shares and boosting its portfolio allocation to 2.88%. This represents an almost complete new position.
• Devon Energy Corp New (DVN), acquiring all the shares held at present, indicating a fresh investment of significant size and adding this energy stock with an allocation of 0.19%.
• Fastenal Co (FAST), acquiring all current shares held in this industrial company, increasing its position to a small but disclosed allocation of 0.15%.
• Cintas Corp (CTAS), acquiring all current shares held in this industrial company, increasing its position to an allocation of 0.11%.

These purchases suggest a strategic inclination towards companies involved in technology hardware/things and energy sectors, alongside some exposure to industrials through smaller positions like Fastenal Co and Cintas Corp.

Significant Sales This Quarter

In contrast to the buying activity, State Farm also divested substantial portions of its holdings during Q2 2026:

• Intel Corp (INTC) saw a significant reduction in its position, with the insurer selling shares resultinging in a nearly complete exit of this technology stock. The portfolio allocation dropped to just 2.3%, down from previous levels.
• Corning Inc (GLW) experienced a notable decrease in its stake, with the insurer selling shares and reducing this technology holding's allocation to just 2.31%.

The decision to sell Intel Corp and reduce Corning Inc positions indicates a potential shift away from certain legacy tech hardware companies or an adjustment based on market outlook for these specific stocks.

Other Changes and Portfolio Overview

Beyond the major buys and sells, there were several other changes observed in State Farm's portfolio this quarter:

• Their stake in Amphdenol Corp (APH) decreased slightly by around a quarter, resultinging in a small reduction of its Technology allocation.
• They also sold shares from their position in the Vanguard Whitehall Fund (VYM), which was previously linked to this institutional fund name and held an allocation of just under 0.1%.

The portfolio's total value stood at approximately $145 billion as of June 30, 2026. The top five holdings by weight accounted for roughly 33.4% of the total portfolio, highlighting a concentrated approach to investing despite diversification across various sectors.