Sign up for your FREE personalized newsletter featuring insights, trends, and news for America's Active Baby Boomers

Newsletter
New

These Are The Top 10 Holdings Of The Mormon Church's $51 Billion Stock Portfolio

Card image cap

Getty Images

  • The investment arm of the Mormon Church revealed some of its holdings in a 13F filing on Wednesday.
  • The church has amassed a portfolio of individual stocks worth more than $50 billion.
  • These are the top 10 holdings of the Mormon Church's stock portfolio as of December 31.

The Church of Jesus Christ of Latter-day Saints' has an investment portfolio of over $100 billion that includes $51 billion invested in publicly traded stocks.

The portfolio is registered with the SEC under the name Ensign Peak Advisors, and its ties to the Church of Jesus Christ of Latter-Day Saints was largely unknown until recently.

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 that the 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 December 31. During the quarter, the fund trimmed its concentration in mega-cap technology stocks.

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

10. Tesla

Tesla

Brandon Bell/Getty Images

Ticker: TSLA
Market Value: $655.6 million
Change in Shares: -48,707 (-2%)

9. JPMorgan

A black and white silhouette of people with the JPMorgan logoJPMorgan will pay a $75 million settlement to the U.S. Virgin Islands after accusations that it enabled Jeffrey Epstein's sex trafficking o

AP Photo/Seth Wenig

Ticker: JPM
Market Value: $694.8 million
Change in Shares: -117,017 (-2%)

8. Mastercard

Mastercard

Reuters

Ticker: MA
Market Value: $790.8 million
Change in Shares: -112,349 (-6%)

7. UnitedHealth Group 

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

Reuters

Ticker: UNH
Market Value: $888.0 million
Change in Shares: -343,936 (-17%)

6. Meta Platforms

Meta

Getty Images

Ticker: META
Market Value: $1.14 billion 
Change in Shares: -142,543 (-4%)

5. Nvidia

Jensen Huang NvidiaLAS VEGAS, NV - JANUARY 04: Nvidia Founder, President and CEO Jen-Hsun Huang introduces the Nvidia Spot, a USD 49.95 microphone and speaker that will let owners use Google Assistant anywhere in a home, as he delivers a keynote address at CES 2017 at The Venetian Las Vegas on January 4, 2017 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs from January 5-8 and is expected to feature 3,800 exhibitors showing off their latest products and services to more than 165,000 attendees.

Photo by Ethan Miller/Getty Images

Ticker: NVDA
Market Value: $1.31 billion
Change in Shares: -154,150 (-6%)

4. Amazon

Amazon

Getty

Ticker: AMZN
Market Value: $1.40 billion
Change in Shares: -320,730 (-3%)

3. Alphabet

Google LondonGoogle London

View Pictures/Getty Images

Ticker: GOOGL & GOOG
Market Value: $1.75 billion
Change in GOOGL and GOOG Shares: -1,489,773 and +668,720, respectively

2. Apple

iphone 8 plus iphone x apple(L-R) The new iPhone 8, iPhone X and iPhone 8S are displayed during an Apple special event at the Steve Jobs Theatre on the Apple Park campus on September 12, 2017 in Cupertino, California. Apple held their first special event at the new Apple Park campus where they announced the new iPhone 8, iPhone X and the Apple Watch Series 3.

Justin Sullivan/Getty Images

Ticker: AAPL
Market Value: $2.87 billion
Change in Shares: -721,465 (-5%)

1. Microsoft

Satya Nadella, CEO of Microsoft.Satya Nadella, CEO of Microsoft.

Sean Gallup/Getty Images

Ticker: MSFT
Market Value: $2.96 billion
Change in Shares: -57,034 (-1%)

Read the original article on Business Insider


Recent