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· The investment arm of the Mormon church revealed some
of its holdings in a 13F filing on May 15, 2024.
· 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.
1) Eli Lily: Ticker: LLY
Market Value: $721.4 million
Change in Shares: +221,327 (+31%)
2) JPMorgan: Ticker: JPM
Market Value: $771.7 million
Change in Shares: -231,976 (-6%)
3) UnitedHealth Group: Ticker: UNH
Market Value: $811.3 million
Change in Shares: -46,678 (-3%)
4) Mastercard: Ticker: MA
Market Value: $900.5 million
Change in Shares: +15,727 (+1%)
5) Metaplatforms: Ticker: META
Market Value: $1.63 billion
Change in Shares: +130,061 (+4%)
6) AMAZON: Ticker: AMZN
Market Value: $1.75 billion
Change in Shares: +457,246 (+5%)
7) Alphabet: Ticker: GOOGL & GOOG
Market Value: $1.95 billion
Change in GOOGL and GOOG Shares:
- +263,648 (+3%) and +118,983 (+3%)
8) NVIDIA: Ticker: NVDA
Market Value: $2.45 billion
Change in Shares: +71,876 (+3%)
9) APPLE: Ticker: AAPL
Market Value: $2.63 billion
Change in Shares: +404,275 (+3%)
10) MICROSOFT: Ticker: MSFT
Market Value: $3.38 billion
Change in Shares: +148,061 (+2%)
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- Source: THE CROSS Newsletter May 2024
- Concerned Christians Of Arizona ptl4acnaz@gmail.com
- Disclaimer: The views expressed
in this article are the sole responsibility of the author. If
you have a problem with the correctness of the information, please
contact the author.
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17 U.S.C. Section 107, this material is distributed without profit
to those who have expressed a prior interest in receiving the
included information for research and educational purposes.)
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