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The $100 billion investment arm of the Mormon Church disclosed its holdings in a 13F filing this week.
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A whistleblower claimed over the weekend that the church operates its investment arm as a “secret hedge fund.”
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These are the 10 largest holdings in the Mormon Church’s investment portfolio as of March 31st.
The Church of Jesus Christ of Latter-day Saints has an investment portfolio of $100 billion, including $46.2 billion invested in equities.
The portfolio is registered with the SEC under the name Ensign Peak Advisors, and its lack of disclosures has gone down over the years It recently led to a $5 million settlement fee She went to great lengths to hide her investment portfolio.
The Mormon Church’s investment portfolio was not disclosed to the public until 2019, when a former employee of the fund filed a whistleblower complaint, alleging that the fund should not be tax-exempt because it does not engage in any charitable activities.
On a special program “60 Minutes” over the weekend, the whistleblower said the investment arm of the Mormon Church She acted as a “secret hedge fund” disguised as a charity.
The church reports its stock holdings on a quarterly basis, and a recent 13F filing revealed its most important holdings as of March 31st. These are the Mormon Church’s 10 largest holdings at the end of the first quarter.
10. Introduction platforms
Pointer: meta
Market value: $669.3 million
Change in stock: +154,169 (+5%)
9. Johnson & Johnson
Pointer: JNJ
Market value: $682.5 million
Change in stock: -130,903 (-2%)
8. MasterCard
Pointer: Master’s
Market value: 710.8 million dollars
Change in stock: -10829 (0%)
7. Nvidia
Pointer: NVDA
Market value: $720.0 million
Change in stock: -327,541 (-11%)
6. ExxonMobil
Pointer: xom
Market value: $807.9 million
Change in stock: -459,083 (-5%)
5. Amazon
Pointer: AMZN
Market value: $967.4 million
Change in stock: +479,487 (+5%)
4. United Health Group
Pointer: United nations
Market value: $999.9 million
Change in stock: +160,538 (+8%)
3. The alphabet
Pointer: Google & Google
Market value: $1.43 billion
Change in GOOGL and GOOG Posts: -38,844 and +125,748, respectively
2. Microsoft
Pointer: MSFT
Market value: $2.23 billion
Change in stock: -415,231 (-5%)
1. Apple
Pointer: AAPL
Market value: $2.61 billion
Change in stock: +209,247 (1%)
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