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The funding arm of the Mormon church revealed a few of its holdings in a 13F submitting Wednesday.
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The church has amassed a portfolio of particular person shares price $55 billion.
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These are the highest 10 holdings of the church’s inventory portfolio as of March 31.
The Church of Jesus Christ of Latter-day Saints has an funding portfolio of over $100 billion that features $55 billion invested in publicly traded shares.
The portfolio is registered with the Securities and Trade Fee beneath the identify Ensign Peak Advisors, and its ties to the church have been largely unknown till just some years in the past.
The portfolio wasn’t revealed to the general public till 2019, when a former Ensign Peak worker filed a whistleblower criticism, alleging that the fund should not have tax-exempt standing as a result of it does not have interaction in any charitable actions.
In a “60 Minutes” particular final 12 months, the whistleblower mentioned the church’s funding arm acted as a “clandestine hedge fund” disguised as a charity.
The church, extensively often known as the Mormon church, reviews its inventory holdings on a quarterly foundation, and a current 13F submitting revealed its prime holdings as of March 31. Through the quarter, the fund added to its in mega-cap expertise shares and benefited from a inventory market that hit file highs.
These are the church’s prime 10 inventory holdings on the finish of the fourth quarter, in addition to the modifications in every place.
10. Eli Lilly
Ticker: LLY
Market Worth: $721.4 million
Change in Shares: +221,327 (+31%)
9. JPMorgan
Ticker: JPM
Market Worth: $771.7 million
Change in Shares: -231,976 (-6%)
8. UnitedHealth Group
Ticker: UNH
Market Worth: $811.3 million
Change in Shares: -46,678 (-3%)
7. Mastercard
Ticker: MA
Market Worth: $900.5 million
Change in Shares: +15,727 (+1%)
6. Meta Platforms
Ticker: META
Market Worth: $1.63 billion
Change in Shares: +130,061 (+4%)
5. Amazon
Ticker: AMZN
Market Worth: $1.75 billion
Change in Shares: +457,246 (+5%)
4. Alphabet
Ticker: GOOGL & GOOG
Market Worth: $1.95 billion
Change in GOOGL and GOOG Shares: +263,648 (+3%) and +118,983 (+3%)
3. Nvidia
Ticker: NVDA
Market Worth: $2.45 billion
Change in Shares: +71,876 (+3%)
2. Apple
Ticker: AAPL
Market Worth: $2.63 billion
Change in Shares: +404,275 (+3%)
1. Microsoft
Ticker: MSFT
Market Worth: $3.38 billion
Change in Shares: +148,061 (+2%)
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