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The Top 10 Holdings of the Mormon Church's $46 Billion Stock Portfolio

 1 year ago
source link: https://markets.businessinsider.com/news/stocks/mormon-church-stock-portfolio-top-10-positions-billions-ensign-peak-2023-5
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These are the top 10 holdings of the Mormon Church's $46 billion stock portfolio

May 15, 2023, 7:48 PM UTC
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Mormon Church

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  • The $100 billion investment arm of the Mormon Church revealed its holdings in a 13F filing this week.
  • A whistleblower alleged over the weekend that the church operates its investment arm as a "clandestine hedge fund."
  • These are the top 10 holdings of the Mormon Church's investment portfolio as of March 31.
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The Church of Jesus Christ of Latter-day Saints' has an investment portfolio topping $100 billion that includes $46.2 billion invested in stocks.

The portfolio is registered with the SEC under the name Ensign Peak Advisors, and its lack of disclosures over the years recently led to it paying $5 million to settle charges that it went to great lengths to hide its investment portfolio.

The Mormon church's investment portfolio wasn't revealed to the public until 2019, when a former employee of the fund 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 over the weekend, the whistleblower said that the Mormon church's investment arm acted as a "clandestine hedge fund" disguised as a charity.

The church reports its stock holdings on a quarterly basis, and a recent 13F filing revealed its top holdings as of March 31. These are the Mormon church's top 10 stocks holdings at the end of the first quarter.

10. Meta Platforms

Getty Images

Ticker: META
Market Value: $669.3 million
Change in Shares: +154,169 (+5%)

9. Johnson & Johnson

Mario Tama/Getty Images

Ticker: JNJ
Market Value: $682.5 million
Change in Shares: -130,903 (-2%)

8. Mastercard

Getty Images

Ticker: MA
Market Value: $710.8 million
Change in Shares: -10,829 (0%)

7. Nvidia

Photo by Ethan Miller/Getty Images

Ticker: NVDA
Market Value: $720.0 million
Change in Shares: -327,541 (-11%)

6. Exxon Mobil

AP

Ticker: XOM
Market Value: $807.9 million
Change in Shares: -459,083 (-5%)

5. Amazon

Getty

Ticker: AMZN
Market Value: $967.4 million
Change in Shares: +479,487 (+5%)

4. UnitedHealth Group 

Reuters

Ticker: UNH
Market Value: $999.9 million 
Change in Shares: +160,538 (+8%)

3. Alphabet

Google London View Pictures/Getty Images

Ticker: GOOGL & GOOG
Market Value: $1.43 billion
Change in GOOGL and GOOG Shares: -38,844 and +125,748, respectively

2. Microsoft

Satya Nadella, CEO of Microsoft. Sean Gallup/Getty Images

Ticker: MSFT
Market Value: $2.23 billion
Change in Shares: -415,231 (-5%)

1. Apple

Justin Sullivan/Getty Images

Ticker: AAPL
Market Value: $2.61 billion
Change in Shares: +209,247 (1%)


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