These Are the Top 10 Holdings of the Mormon Church's $55 Billion Stock Portfolio - Latest Global News

These Are the Top 10 Holdings of the Mormon Church’s $55 Billion Stock Portfolio

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  • The Mormon Church’s investment arm disclosed some of its holdings in a 13F filing on Wednesday.

  • The church has amassed a portfolio of individual stocks worth $55 billion.

  • These are the top 10 holdings in 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, including $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 a few years ago.

The portfolio was not revealed to the public until 2019, when a former Ensign Peak employee filed a whistleblower complaint alleging that the fund should not have tax-exempt status because it does not conduct charitable activities.

In a “60 Minutes” special last year, the whistleblower said the church’s investment arm acted as a “secret hedge fund” disguised as a charity.

The church, widely known as the Mormon Church, reports its stock holdings quarterly, and a recent 13F filing revealed its highest holdings as of March 31. During the quarter, the fund added to its mega-cap technology stocks, benefiting from an equity market that hit record highs.

These are the Church’s top 10 stock holdings at the end of the fourth quarter and the changes in each holding.

10. Eli Lilly

Eli Lilly DrugmakerEli Lilly Drugmaker

Vincent Kessler/Reuters

Ticker: LLY
Market value: $721.4 million
Change in shares: +221,327 (+31%)

9. JPMorgan

A black and white silhouette of people with the JPMorgan logoA black and white silhouette of people with the JPMorgan logo

JPMorgan will pay the U.S. Virgin Islands a $75 million settlement after allegations that it enabled Jeffrey Epstein’s sex trafficking operationAP Photo/Seth Wenig

Ticker: JPM
Market value: $771.7 million
Change in shares: -231,976 (-6%)

8. UnitedHealth Group

A UnitedHealth Group health insurance card is seen in a wallet in this Oct. 14, 2019, illustration.  REUTERS/Lucy Nicholson/IllustrationA UnitedHealth Group health insurance card is seen in a wallet in this Oct. 14, 2019, illustration.  REUTERS/Lucy Nicholson/Illustration

A UnitedHealth Group health insurance card is seen in a wallet in this Oct. 14, 2019, illustration. REUTERS/Lucy Nicholson/Illustration

Image depicting a UnitedHealth Group health insurance card in a walletReuters

Ticker: UNH
Market value: $811.3 million
Change in shares: -46,678 (-3%)

7. Mastercard

MasterCardMasterCard

Reuters

Ticker: MA
Market value: $900.5 million
Change in shares: +15,727 (+1%)

6. Metaplatforms

MetaMeta

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Ticker: META
Market value: $1.63 billion
Change in shares: +130,061 (+4%)

5. Amazon

AmazonAmazon

Amazon

Getty

Ticker: AMZN
Market value: $1.75 billion
Change in shares: +457,246 (+5%)

4. Alphabet

A Google logo on two glass doors.A Google logo on two glass doors.

A Google logo on two glass doors.

Google LondonView Images/Getty Images

Ticker: GOOGL & GOOG
Market value: $1.95 billion
Change in GOOGL and GOOG shares: +263,648 (+3%) and +118,983 (+3%)

3. Nvidia

Jensen Huang NvidiaJensen Huang Nvidia

Ticker: NVDA
Market value: $2.45 billion
Change in shares: +71,876 (+3%)

2. Apple

iPhone 8 plus iPhone x AppleiPhone 8 plus iPhone x Apple

iPhone 8 plus iPhone x Apple

(LR) The new iPhone 8, iPhone Apple held its first special event at the new Apple Park campus, announcing the new iPhone 8, iPhone X and Apple Watch Series 3.Justin Sullivan/Getty Images

Ticker: AAPL
Market value: $2.63 billion
Change in shares: +404,275 (+3%)

1.Microsoft

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

Satya Nadella, CEO of Microsoft.

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

Ticker: MSFT
Market value: $3.38 billion
Change in shares: +148,061 (+2%)

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