STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Portfolio Holdings

Q3 2025•115 long positions•$119.95B portfolio value

Holding122	Sector	Position↕	Ownership↕	Shares Δ↕	Shares Δ %	Market Cap↕	Owned Since↕
1 Eli Lilly LLY	Drug Manufacturers - General Healthcare	$9.5B 7.94%	1.39% 12.5M shares	12.5M → 12.5M −$25.4M	-0.27%	$684.00B Mega Cap	≤ Q2 2013 Held for 12y 5m+
2 Caterpillar CAT	Agricultural - Machinery Industrials	$8.4B 6.97%	3.74% 17.5M shares	17.7M → 17.5M −$72.1M	-0.85%	$223.53B Mega Cap	≤ Q2 2013 Held for 12y 5m+
3 Apple AAPL	Consumer Electronics Technology	$6.2B 5.16%	0.164% 24.3M shares	25.0M → 24.3M −$181.5M	-2.85%	$3.78T Mega Cap	Q1 2014 Held for 11y 8m
4 Johnson & Johnson JNJ	Drug Manufacturers - General Healthcare	$5.9B 4.88%	1.31% 31.6M shares	31.7M → 31.6M −$15.7M	-0.27%	$446.55B Mega Cap	≤ Q2 2013 Held for 12y 5m+
5 Illinois Tool Works ITW	Industrial - Machinery Industrials	$5.5B 4.57%	7.21% 21.0M shares	—	—	$76.0B Large Cap	≤ Q2 2013 Held for 12y 5m+
6 Microsoft MSFT	Software - Infrastructure Technology	$5.5B 4.56%	0.142% 10.6M shares	10.8M → 10.6M −$144.0M	-2.57%	$3.85T Mega Cap	≤ Q2 2013 Held for 12y 5m+
7 Walmart WMT	Discount Stores Consumer Defensive	$4.0B 3.35%	0.489% 39.0M shares	39.2M → 39.0M −$26.2M	-0.65%	$821.68B Mega Cap	≤ Q2 2013 Held for 12y 5m+
8 Exxon Mobil XOM	Oil & Gas Integrated Energy	$3.4B 2.87%	0.716% 30.5M shares	—	—	$480.68B Mega Cap	≤ Q2 2013 Held for 12y 5m+
9 Wells Fargo & Company WFC	Banks - Diversified Financial Services	$3.4B 2.83%	1.26% 40.5M shares	41.4M → 40.5M −$78.8M	-2.27%	$268.51B Mega Cap	≤ Q2 2013 Held for 12y 5m+
10 Nucor NUE	Steel Basic Materials	$3.3B 2.75%	10.59% 24.3M shares	24.5M → 24.3M −$24.0M	-0.72%	$31.1B Large Cap	≤ Q2 2013 Held for 12y 5m+
11 Air Products and Chemicals APD	Chemicals - Specialty Basic Materials	$3.2B 2.69%	5.32% 11.8M shares	12.0M → 11.8M −$43.8M	-1.34%	$60.7B Large Cap	≤ Q2 2013 Held for 12y 5m+
12 Walt Disney DIS	Entertainment Communication Services	$3.0B 2.46%	1.43% 25.8M shares	27.4M → 25.8M −$185.0M	-5.9%	$205.86B Mega Cap	≤ Q2 2013 Held for 12y 5m+
13 Vulcan Materials Company VMC	Construction Materials Basic Materials	$2.9B 2.45%	7.23% 9.6M shares	—	—	$40.6B Large Cap	≤ Q2 2013 Held for 12y 5m+
14 Archer Daniels Midland ADM	Agricultural Farm Products Consumer Defensive	$2.8B 2.33%	9.74% 46.8M shares	—	—	$28.7B Large Cap	≤ Q2 2013 Held for 12y 5m+
15 ASML ASML ASML	Unknown Unknown	$2.7B 2.23%	— 2.8M shares	—	—	— —	Q4 2022 Held for 2y 11m
16 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$2.6B 2.18%	0.089% 10.8M shares	—	—	$2.95T Mega Cap	≤ Q2 2013 Held for 12y 5m+
17 Procter & Gamble PG	Household & Personal Products Consumer Defensive	$2.4B 2.02%	0.675% 15.8M shares	—	—	$359.62B Mega Cap	≤ Q2 2013 Held for 12y 5m+
18 Zoetis ZTS	Drug Manufacturers - Specialty & Generic Healthcare	$2.3B 1.94%	3.59% 15.9M shares	—	—	$64.8B Large Cap	≤ Q2 2013 Held for 12y 5m+
19 Intuit INTU	Software - Application Technology	$2.1B 1.74%	1.1% 3.1M shares	—	—	$190.40B Large Cap	≤ Q2 2013 Held for 12y 5m+
20 Chevron CVX	Oil & Gas Integrated Energy	$2.1B 1.73%	0.662% 13.3M shares	—	—	$312.88B Mega Cap	≤ Q2 2013 Held for 12y 5m+
21 Abbott ABT	Medical - Devices Healthcare	$1.8B 1.52%	0.781% 13.6M shares	—	—	$233.12B Mega Cap	≤ Q2 2013 Held for 12y 5m+
22 KLA Corporation KLAC	Semiconductors Technology	$1.5B 1.28%	1.08% 1.4M shares	—	—	$142.03B Large Cap	≤ Q2 2013 Held for 12y 5m+
23 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B 1.17%	0.076% 1.9M shares	—	—	$1.84T Mega Cap	≤ Q2 2013 Held for 12y 5m+
24 Pfizer PFE	Drug Manufacturers - General Healthcare	$1.4B 1.16%	0.959% 54.5M shares	—	—	$144.87B Large Cap	≤ Q2 2013 Held for 12y 5m+
25 AbbVie ABBV	Drug Manufacturers - General Healthcare	$1.4B 1.14%	0.334% 5.9M shares	6.0M → 5.9M −$16.1M	-1.17%	$409.03B Mega Cap	≤ Q2 2013 Held for 12y 5m+
26 Deere & Company DE	Agricultural - Machinery Industrials	$1.3B 1.08%	1.05% 2.8M shares	2.9M → 2.8M −$32.2M	-2.42%	$123.61B Large Cap	≤ Q2 2013 Held for 12y 5m+
27 3M MMM	Conglomerates Industrials	$1.2B 1.03%	1.49% 7.9M shares	8.0M → 7.9M −$9.9M	-0.8%	$82.7B Large Cap	≤ Q2 2013 Held for 12y 5m+
28 Coca-Cola KO	Beverages - Non-Alcoholic Consumer Defensive	$1.2B 1.01%	0.424% 18.2M shares	—	—	$285.42B Mega Cap	≤ Q2 2013 Held for 12y 5m+
29 General Electric GE	Aerospace & Defense Industrials	$1.2B 0.982%	0.369% 3.9M shares	4.0M → 3.9M −$21.6M	-1.8%	$319.00B Mega Cap	≤ Q2 2013 Held for 12y 5m+
30 ADT ADT	Security & Protection Services Industrials	$1.2B 0.968%	16.26% 133.3M shares	—	—	$7.1B Mid Cap	Q4 2022 Held for 2y 11m
31 Merck & Co. MRK	Drug Manufacturers - General Healthcare	$1.2B 0.965%	0.552% 13.8M shares	—	—	$209.64B Mega Cap	≤ Q2 2013 Held for 12y 5m+
32 Corning GLW	Hardware, Equipment & Parts Technology	$1.1B 0.952%	1.62% 13.9M shares	—	—	$70.3B Large Cap	≤ Q2 2013 Held for 12y 5m+
33 McCormick & Company, Incorporated MKC	Packaged Foods Consumer Defensive	$1.1B 0.922%	6.16% 16.5M shares	—	—	$18.0B Large Cap	≤ Q2 2013 Held for 12y 5m+
34 Automatic Data Processing, Inc. ADP	Staffing & Employment Services Industrials	$1.1B 0.895%	0.903% 3.7M shares	—	—	$118.89B Large Cap	≤ Q2 2013 Held for 12y 5m+
35 GATX GATX	Rental & Leasing Services Industrials	$948.7M 0.791%	15.23% 5.4M shares	—	—	$6.2B Mid Cap	≤ Q2 2013 Held for 12y 5m+
36 Intel INTC	Semiconductors Technology	$897.0M 0.748%	0.562% 26.7M shares	—	—	$159.60B Large Cap	≤ Q2 2013 Held for 12y 5m+
37 Arista Networks ANET	Computer Hardware Technology	$818.8M 0.683%	0.447% 5.6M shares	—	—	$183.14B Large Cap	Q1 2020 Held for 5y 8m
38 M&T Bank MTB	Banks - Regional Financial Services	$814.7M 0.679%	2.64% 4.1M shares	—	—	$30.9B Large Cap	≤ Q2 2013 Held for 12y 5m+
39 Texas Instruments TXN	Semiconductors Technology	$808.9M 0.674%	0.484% 4.4M shares	—	—	$167.04B Large Cap	≤ Q2 2013 Held for 12y 5m+
40 Amgen AMGN	Drug Manufacturers - General Healthcare	$766.4M 0.639%	0.504% 2.7M shares	—	—	$151.93B Large Cap	≤ Q2 2013 Held for 12y 5m+
41 Emerson Electric EMR	Industrial - Machinery Industrials	$765.9M 0.639%	1.04% 5.8M shares	—	—	$73.8B Large Cap	≤ Q2 2013 Held for 12y 5m+
42 Donaldson Company DCI	Industrial - Machinery Industrials	$748.3M 0.624%	7.89% 9.1M shares	—	—	$9.5B Mid Cap	≤ Q2 2013 Held for 12y 5m+
43 RIO Rio Tinto RIO	Unknown Unknown	$721.6M 0.602%	— 10.9M shares	—	—	— —	Q4 2022 Held for 2y 11m
44 Union Pacific UNP	Railroads Industrials	$713.4M 0.595%	0.509% 3.0M shares	—	—	$140.18B Large Cap	≤ Q2 2013 Held for 12y 5m+
45 AT&T T	Telecommunications Services Communication Services	$681.9M 0.569%	0.338% 24.1M shares	—	—	$201.93B Mega Cap	≤ Q2 2013 Held for 12y 5m+
46 AptarGroup ATR	Medical - Instruments & Supplies Healthcare	$634.2M 0.529%	7.2% 4.7M shares	—	—	$8.8B Mid Cap	≤ Q2 2013 Held for 12y 5m+
47 Hagerty HGTY	Insurance - Property & Casualty Financial Services	$623.7M 0.52%	52.22% 51.8M shares	—	—	$1.2B Small Cap	Q4 2021 Held for 3y 11m
48 RenaissanceRe Holdings RNR	Insurance - Reinsurance Financial Services	$609.3M 0.508%	5.1% 2.4M shares	—	—	$12.0B Large Cap	Q4 2018 Held for 6y 11m
49 PepsiCo PEP	Beverages - Non-Alcoholic Consumer Defensive	$584.3M 0.487%	0.304% 4.2M shares	—	—	$192.27B Large Cap	≤ Q2 2013 Held for 12y 5m+
50 Northern Trust NTRS	Asset Management Financial Services	$557.9M 0.465%	2.17% 4.1M shares	4.4M → 4.1M −$35.6M	-6.01%	$25.7B Large Cap	≤ Q2 2013 Held for 12y 5m+

Holding122	Sector	Position↕	Ownership↕	Shares Δ↕	Shares Δ %	Market Cap↕	Owned Since↕
1 Eli Lilly LLY	Drug Manufacturers - General Healthcare	$9.5B 7.94%	1.39% 12.5M shares	12.5M → 12.5M −$25.4M	-0.27%	$684.00B Mega Cap	≤ Q2 2013 Held for 12y 5m+
2 Caterpillar CAT	Agricultural - Machinery Industrials	$8.4B 6.97%	3.74% 17.5M shares	17.7M → 17.5M −$72.1M	-0.85%	$223.53B Mega Cap	≤ Q2 2013 Held for 12y 5m+
3 Apple AAPL	Consumer Electronics Technology	$6.2B 5.16%	0.164% 24.3M shares	25.0M → 24.3M −$181.5M	-2.85%	$3.78T Mega Cap	Q1 2014 Held for 11y 8m
4 Johnson & Johnson JNJ	Drug Manufacturers - General Healthcare	$5.9B 4.88%	1.31% 31.6M shares	31.7M → 31.6M −$15.7M	-0.27%	$446.55B Mega Cap	≤ Q2 2013 Held for 12y 5m+
5 Illinois Tool Works ITW	Industrial - Machinery Industrials	$5.5B 4.57%	7.21% 21.0M shares	—	—	$76.0B Large Cap	≤ Q2 2013 Held for 12y 5m+
6 Microsoft MSFT	Software - Infrastructure Technology	$5.5B 4.56%	0.142% 10.6M shares	10.8M → 10.6M −$144.0M	-2.57%	$3.85T Mega Cap	≤ Q2 2013 Held for 12y 5m+
7 Walmart WMT	Discount Stores Consumer Defensive	$4.0B 3.35%	0.489% 39.0M shares	39.2M → 39.0M −$26.2M	-0.65%	$821.68B Mega Cap	≤ Q2 2013 Held for 12y 5m+
8 Exxon Mobil XOM	Oil & Gas Integrated Energy	$3.4B 2.87%	0.716% 30.5M shares	—	—	$480.68B Mega Cap	≤ Q2 2013 Held for 12y 5m+
9 Wells Fargo & Company WFC	Banks - Diversified Financial Services	$3.4B 2.83%	1.26% 40.5M shares	41.4M → 40.5M −$78.8M	-2.27%	$268.51B Mega Cap	≤ Q2 2013 Held for 12y 5m+
10 Nucor NUE	Steel Basic Materials	$3.3B 2.75%	10.59% 24.3M shares	24.5M → 24.3M −$24.0M	-0.72%	$31.1B Large Cap	≤ Q2 2013 Held for 12y 5m+
11 Air Products and Chemicals APD	Chemicals - Specialty Basic Materials	$3.2B 2.69%	5.32% 11.8M shares	12.0M → 11.8M −$43.8M	-1.34%	$60.7B Large Cap	≤ Q2 2013 Held for 12y 5m+
12 Walt Disney DIS	Entertainment Communication Services	$3.0B 2.46%	1.43% 25.8M shares	27.4M → 25.8M −$185.0M	-5.9%	$205.86B Mega Cap	≤ Q2 2013 Held for 12y 5m+
13 Vulcan Materials Company VMC	Construction Materials Basic Materials	$2.9B 2.45%	7.23% 9.6M shares	—	—	$40.6B Large Cap	≤ Q2 2013 Held for 12y 5m+
14 Archer Daniels Midland ADM	Agricultural Farm Products Consumer Defensive	$2.8B 2.33%	9.74% 46.8M shares	—	—	$28.7B Large Cap	≤ Q2 2013 Held for 12y 5m+
15 ASML ASML ASML	Unknown Unknown	$2.7B 2.23%	— 2.8M shares	—	—	— —	Q4 2022 Held for 2y 11m
16 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$2.6B 2.18%	0.089% 10.8M shares	—	—	$2.95T Mega Cap	≤ Q2 2013 Held for 12y 5m+
17 Procter & Gamble PG	Household & Personal Products Consumer Defensive	$2.4B 2.02%	0.675% 15.8M shares	—	—	$359.62B Mega Cap	≤ Q2 2013 Held for 12y 5m+
18 Zoetis ZTS	Drug Manufacturers - Specialty & Generic Healthcare	$2.3B 1.94%	3.59% 15.9M shares	—	—	$64.8B Large Cap	≤ Q2 2013 Held for 12y 5m+
19 Intuit INTU	Software - Application Technology	$2.1B 1.74%	1.1% 3.1M shares	—	—	$190.40B Large Cap	≤ Q2 2013 Held for 12y 5m+
20 Chevron CVX	Oil & Gas Integrated Energy	$2.1B 1.73%	0.662% 13.3M shares	—	—	$312.88B Mega Cap	≤ Q2 2013 Held for 12y 5m+
21 Abbott ABT	Medical - Devices Healthcare	$1.8B 1.52%	0.781% 13.6M shares	—	—	$233.12B Mega Cap	≤ Q2 2013 Held for 12y 5m+
22 KLA Corporation KLAC	Semiconductors Technology	$1.5B 1.28%	1.08% 1.4M shares	—	—	$142.03B Large Cap	≤ Q2 2013 Held for 12y 5m+
23 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B 1.17%	0.076% 1.9M shares	—	—	$1.84T Mega Cap	≤ Q2 2013 Held for 12y 5m+
24 Pfizer PFE	Drug Manufacturers - General Healthcare	$1.4B 1.16%	0.959% 54.5M shares	—	—	$144.87B Large Cap	≤ Q2 2013 Held for 12y 5m+
25 AbbVie ABBV	Drug Manufacturers - General Healthcare	$1.4B 1.14%	0.334% 5.9M shares	6.0M → 5.9M −$16.1M	-1.17%	$409.03B Mega Cap	≤ Q2 2013 Held for 12y 5m+
26 Deere & Company DE	Agricultural - Machinery Industrials	$1.3B 1.08%	1.05% 2.8M shares	2.9M → 2.8M −$32.2M	-2.42%	$123.61B Large Cap	≤ Q2 2013 Held for 12y 5m+
27 3M MMM	Conglomerates Industrials	$1.2B 1.03%	1.49% 7.9M shares	8.0M → 7.9M −$9.9M	-0.8%	$82.7B Large Cap	≤ Q2 2013 Held for 12y 5m+
28 Coca-Cola KO	Beverages - Non-Alcoholic Consumer Defensive	$1.2B 1.01%	0.424% 18.2M shares	—	—	$285.42B Mega Cap	≤ Q2 2013 Held for 12y 5m+
29 General Electric GE	Aerospace & Defense Industrials	$1.2B 0.982%	0.369% 3.9M shares	4.0M → 3.9M −$21.6M	-1.8%	$319.00B Mega Cap	≤ Q2 2013 Held for 12y 5m+
30 ADT ADT	Security & Protection Services Industrials	$1.2B 0.968%	16.26% 133.3M shares	—	—	$7.1B Mid Cap	Q4 2022 Held for 2y 11m
31 Merck & Co. MRK	Drug Manufacturers - General Healthcare	$1.2B 0.965%	0.552% 13.8M shares	—	—	$209.64B Mega Cap	≤ Q2 2013 Held for 12y 5m+
32 Corning GLW	Hardware, Equipment & Parts Technology	$1.1B 0.952%	1.62% 13.9M shares	—	—	$70.3B Large Cap	≤ Q2 2013 Held for 12y 5m+
33 McCormick & Company, Incorporated MKC	Packaged Foods Consumer Defensive	$1.1B 0.922%	6.16% 16.5M shares	—	—	$18.0B Large Cap	≤ Q2 2013 Held for 12y 5m+
34 Automatic Data Processing, Inc. ADP	Staffing & Employment Services Industrials	$1.1B 0.895%	0.903% 3.7M shares	—	—	$118.89B Large Cap	≤ Q2 2013 Held for 12y 5m+
35 GATX GATX	Rental & Leasing Services Industrials	$948.7M 0.791%	15.23% 5.4M shares	—	—	$6.2B Mid Cap	≤ Q2 2013 Held for 12y 5m+
36 Intel INTC	Semiconductors Technology	$897.0M 0.748%	0.562% 26.7M shares	—	—	$159.60B Large Cap	≤ Q2 2013 Held for 12y 5m+
37 Arista Networks ANET	Computer Hardware Technology	$818.8M 0.683%	0.447% 5.6M shares	—	—	$183.14B Large Cap	Q1 2020 Held for 5y 8m
38 M&T Bank MTB	Banks - Regional Financial Services	$814.7M 0.679%	2.64% 4.1M shares	—	—	$30.9B Large Cap	≤ Q2 2013 Held for 12y 5m+
39 Texas Instruments TXN	Semiconductors Technology	$808.9M 0.674%	0.484% 4.4M shares	—	—	$167.04B Large Cap	≤ Q2 2013 Held for 12y 5m+
40 Amgen AMGN	Drug Manufacturers - General Healthcare	$766.4M 0.639%	0.504% 2.7M shares	—	—	$151.93B Large Cap	≤ Q2 2013 Held for 12y 5m+
41 Emerson Electric EMR	Industrial - Machinery Industrials	$765.9M 0.639%	1.04% 5.8M shares	—	—	$73.8B Large Cap	≤ Q2 2013 Held for 12y 5m+
42 Donaldson Company DCI	Industrial - Machinery Industrials	$748.3M 0.624%	7.89% 9.1M shares	—	—	$9.5B Mid Cap	≤ Q2 2013 Held for 12y 5m+
43 RIO Rio Tinto RIO	Unknown Unknown	$721.6M 0.602%	— 10.9M shares	—	—	— —	Q4 2022 Held for 2y 11m
44 Union Pacific UNP	Railroads Industrials	$713.4M 0.595%	0.509% 3.0M shares	—	—	$140.18B Large Cap	≤ Q2 2013 Held for 12y 5m+
45 AT&T T	Telecommunications Services Communication Services	$681.9M 0.569%	0.338% 24.1M shares	—	—	$201.93B Mega Cap	≤ Q2 2013 Held for 12y 5m+
46 AptarGroup ATR	Medical - Instruments & Supplies Healthcare	$634.2M 0.529%	7.2% 4.7M shares	—	—	$8.8B Mid Cap	≤ Q2 2013 Held for 12y 5m+
47 Hagerty HGTY	Insurance - Property & Casualty Financial Services	$623.7M 0.52%	52.22% 51.8M shares	—	—	$1.2B Small Cap	Q4 2021 Held for 3y 11m
48 RenaissanceRe Holdings RNR	Insurance - Reinsurance Financial Services	$609.3M 0.508%	5.1% 2.4M shares	—	—	$12.0B Large Cap	Q4 2018 Held for 6y 11m
49 PepsiCo PEP	Beverages - Non-Alcoholic Consumer Defensive	$584.3M 0.487%	0.304% 4.2M shares	—	—	$192.27B Large Cap	≤ Q2 2013 Held for 12y 5m+
50 Northern Trust NTRS	Asset Management Financial Services	$557.9M 0.465%	2.17% 4.1M shares	4.4M → 4.1M −$35.6M	-6.01%	$25.7B Large Cap	≤ Q2 2013 Held for 12y 5m+

STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Portfolio Holdings

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