- 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.
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
Ticker: LLY
Market Value: $721.4 million
Change in Shares: +221,327 (+31%)
9. JPMorgan
Ticker: JPM
Market Value: $771.7 million
Change in Shares: -231,976 (-6%)
8. UnitedHealth Group
Ticker: UNH
Market Value: $811.3 million
Change in Shares: -46,678 (-3%)
7. Mastercard
Ticker: MA
Market Value: $900.5 million
Change in Shares: +15,727 (+1%)
6. Meta Platforms
Ticker: META
Market Value: $1.63 billion
Change in Shares: +130,061 (+4%)
5. Amazon
Ticker: AMZN
Market Value: $1.75 billion
Change in Shares: +457,246 (+5%)
4. Alphabet
Ticker: GOOGL & GOOG
Market Value: $1.95 billion
Change in GOOGL and GOOG Shares: +263,648 (+3%) and +118,983 (+3%)
3. Nvidia
Ticker: NVDA
Market Value: $2.45 billion
Change in Shares: +71,876 (+3%)
2. Apple
Ticker: AAPL
Market Value: $2.63 billion
Change in Shares: +404,275 (+3%)
1. Microsoft
Ticker: MSFT
Market Value: $3.38 billion
Change in Shares: +148,061 (+2%)