These are the top 10 holdings of the Mormon Church's $51 billion stock portfolio
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Matthew Fox
Feb 15, 2024, 03:55 IST
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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.
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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.
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.
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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
Ticker: TSLA Market Value: $655.6 million Change in Shares: -48,707 (-2%)
9. JPMorgan
Ticker: JPM Market Value: $694.8 million Change in Shares: -117,017 (-2%)
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8. Mastercard
Ticker: MA Market Value: $790.8 million Change in Shares: -112,349 (-6%)
7. UnitedHealth Group
Ticker: UNH Market Value: $888.0 million Change in Shares: -343,936 (-17%)
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6. Meta Platforms
Ticker: META Market Value: $1.14 billion Change in Shares: -142,543 (-4%)
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