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The $100 billion funding arm of the Mormon Church revealed its holdings in a 13F submitting this week.
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A whistleblower alleged over the weekend that the church operates its funding arm as a “clandestine hedge fund.”
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These are the highest 10 holdings of the Mormon Church’s funding portfolio as of March 31.
The Church of Jesus Christ of Latter-day Saints’ has an funding portfolio topping $100 billion that features $46.2 billion invested in shares.
The portfolio is registered with the SEC below the identify Ensign Peak Advisors, and its lack of disclosures through the years not too long ago led to it paying $5 million to settle costs that it went to nice lengths to cover its funding portfolio.
The Mormon church’s funding portfolio wasn’t revealed to the general public till 2019, when a former worker of the fund filed a whistleblower grievance, alleging that the fund should not have tax-exempt standing as a result of it would not have interaction in any charitable actions.
In a “60 Minutes” particular over the weekend, the whistleblower stated that the Mormon church’s funding arm acted as a “clandestine hedge fund” disguised as a charity.
The church studies its inventory holdings on a quarterly foundation, and a latest 13F submitting revealed its prime holdings as of March 31. These are the Mormon church’s prime 10 shares holdings on the finish of the primary quarter.
10. Meta Platforms
Ticker: META
Market Worth: $669.3 million
Change in Shares: +154,169 (+5%)
9. Johnson & Johnson
Ticker: JNJ
Market Worth: $682.5 million
Change in Shares: -130,903 (-2%)
8. Mastercard
Ticker: MA
Market Worth: $710.8 million
Change in Shares: -10,829 (0%)
7. Nvidia
Ticker: NVDA
Market Worth: $720.0 million
Change in Shares: -327,541 (-11%)
6. Exxon Mobil
Ticker: XOM
Market Worth: $807.9 million
Change in Shares: -459,083 (-5%)
5. Amazon
Ticker: AMZN
Market Worth: $967.4 million
Change in Shares: +479,487 (+5%)
4. UnitedHealth Group
Ticker: UNH
Market Worth: $999.9 million
Change in Shares: +160,538 (+8%)
3. Alphabet
Ticker: GOOGL & GOOG
Market Worth: $1.43 billion
Change in GOOGL and GOOG Shares: -38,844 and +125,748, respectively
2. Microsoft
Ticker: MSFT
Market Worth: $2.23 billion
Change in Shares: -415,231 (-5%)
1. Apple
Ticker: AAPL
Market Worth: $2.61 billion
Change in Shares: +209,247 (1%)
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