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The $100 billion investment arm of the Mormon Church revealed its holdings in a 13F filing this week.
A whistleblower alleged over the weekend that the church operates its investment arm as a “clandestine hedge fund.”
These are the top 10 holdings of the Mormon Church’s investment portfolio as of March 31.
The Church of Jesus Christ of Latter-day Saints’ has an investment portfolio topping $100 billion that includes $46.2 billion invested in stocks.
The portfolio is registered with the SEC under the name Ensign Peak Advisors, and its lack of disclosures over the years recently led to it paying $5 million to settle charges that it went to great lengths to hide its investment portfolio.
The Mormon church’s investment portfolio wasn’t revealed to the public until 2019, when a former employee of the fund 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 over the weekend, the whistleblower said that the Mormon church’s investment arm acted as a “clandestine hedge fund” disguised as a charity.
The church reports its stock holdings on a quarterly basis, and a recent 13F filing revealed its top holdings as of March 31. These are the Mormon church’s top 10 stocks holdings at the end of the first quarter.
10. Meta Platforms
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Ticker: META
Market Value: $669.3 million
Change in Shares: +154,169 (+5%)
9. Johnson & Johnson
johnson and johnson
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Ticker: JNJ
Market Value: $682.5 million
Change in Shares: -130,903 (-2%)
8. Mastercard
Hand holds a smartphone with the Mastercard logo on the screen
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Ticker: MA
Market Value: $710.8 million
Change in Shares: -10,829 (0%)
7. Nvidia
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