The $100 billion funding arm of the Mormon Church revealed its holdings in a 13F submitting this week.
A whistleblower alleged over the weekend that the church operates its funding arm as a “clandestine hedge fund.”
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 title Ensign Peak Advisors, and its lack of disclosures over time just lately led to it paying $5 million to settle prices 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 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 over the weekend, the whistleblower mentioned that the Mormon church’s funding arm acted as a “clandestine hedge fund” disguised as a charity.
The church experiences 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: METAMarket Worth: $669.3 millionChange in Shares: +154,169 (+5%)
9. Johnson & Johnson
Ticker: JNJMarket Worth: $682.5 millionChange in Shares: -130,903 (-2%)
8. Mastercard
Ticker: MAMarket Worth: $710.8 millionChange in Shares: -10,829 (0%)
7. Nvidia
Ticker: NVDAMarket Worth: $720.0 millionChange in Shares: -327,541 (-11%)
6. Exxon Mobil
Ticker: XOMMarket Worth: $807.9 millionChange in Shares: -459,083 (-5%)
5. Amazon
Ticker: AMZNMarket Worth: $967.4 millionChange in Shares: +479,487 (+5%)
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4. UnitedHealth Group
Ticker: UNHMarket Worth: $999.9 million Change in Shares: +160,538 (+8%)
3. Alphabet
Ticker: GOOGL & GOOGMarket Worth: $1.43 billionChange in GOOGL and GOOG Shares: -38,844 and +125,748, respectively
2. Microsoft
Ticker: MSFTMarket Worth: $2.23 billionChange in Shares: -415,231 (-5%)
1. Apple
Ticker: AAPLMarket Worth: $2.61 billionChange in Shares: +209,247 (1%)
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