These are the top 10 holdings of the Mormon church's $55 billion stock portfolio

15.05.2024 16:47

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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.
These are the top 10 holdings of 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 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

Vincent Kessler / Reuters

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

9. JPMorgan

JPMorgan will pay a $75 million settlement to the U.S. Virgin Islands after accusations that it enabled Jeffrey Epstein's sex trafficking o

AP Photo/Seth Wenig

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

8. UnitedHealth Group

Picture illustration of a UnitedHealth Group health insurance card in a wallet
Reuters

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

7. Mastercard

Reuters

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

6. Meta Platforms

Getty Images

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

5. Amazon

Getty

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

4. Alphabet

Google London
View Pictures/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

LAS VEGAS, NV - JANUARY 04: Nvidia Founder, President and CEO Jen-Hsun Huang introduces the Nvidia Spot, a USD 49.95 microphone and speaker that will let owners use Google Assistant anywhere in a home, as he delivers a keynote address at CES 2017 at The Venetian Las Vegas on January 4, 2017 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs from January 5-8 and is expected to feature 3,800 exhibitors showing off their latest products and services to more than 165,000 attendees.

Photo by Ethan Miller/Getty Images

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

2. Apple

(L-R) The new iPhone 8, iPhone X and iPhone 8S are displayed during an Apple special event at the Steve Jobs Theatre on the Apple Park campus on September 12, 2017 in Cupertino, California. Apple held their first special event at the new Apple Park campus where they announced the new iPhone 8, iPhone X and the 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.
Sean Gallup/Getty Images

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

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