These are the top 10 holdings of the Mormon church’s $55 billion stock portfolio

Getty Images

The investment arm of the Mormon church revealed some of its holdings in a 13F filing Wednesday.

The church has amassed a portfolio of individual stocks worth $55 billion.

These are the top 10 holdings of the church’s stock portfolio as of March 31.

The Church of Jesus Christ of Latter-day Saints has an investment portfolio of over $100 billion that includes $55 billion invested in publicly traded stocks.

The portfolio is registered with the Securities and Exchange Commission under the name Ensign Peak Advisors, and its ties to the church were largely unknown until just a few years ago.

The portfolio wasn’t revealed to the public until 2019, when a former Ensign Peak employee filed a whistleblower complaint, alleging that the fund shouldn’t have tax-exempt status because it doesn’t engage in any charitable activities.

In a “60 Minutes” special last year, the whistleblower said the church’s investment arm acted as a “clandestine hedge fund” disguised as a charity.

The church, widely known as the Mormon church, reports its stock holdings on a quarterly basis, and a recent 13F filing revealed its top holdings as of March 31. During the quarter, the fund added to its in mega-cap technology stocks and benefited from a stock market that hit record highs.

These are the church’s top 10 stock holdings at the end of the fourth quarter, as well as the changes in each position.

10. Eli Lilly

Vincent Kessler / Reuters

Ticker: LLY
Market Value: $721.4 million
Change in Shares: +221,327 (+31%)

9. JPMorgan

JPMorgan will pay a $75 million settlement to the U.S. Virgin Islands after accusations that it enabled Jeffrey Epstein’s sex trafficking oAP Photo/Seth Wenig

Ticker: JPM
Market Value: $771.7 million
Change in Shares: -231,976 (-6%)

8. UnitedHealth Group 

A UnitedHealth Group health insurance card is seen in a wallet in this picture illustration October 14, 2019. REUTERS/Lucy Nicholson/Illustration

Picture illustration of a UnitedHealth Group health insurance card in a walletReuters

Ticker: UNH
Market Value: $811.3 million
Change in Shares: -46,678 (-3%)

7. Mastercard




Read More

Recommended For You

Leave a Reply

Your email address will not be published. Required fields are marked *

Discover more from Investor News Blog Finance Exchange News

Subscribe now to keep reading and get access to the full archive.

Continue reading