These are the top 10 holdings of the Mormon Church's $49 billion stock portfolio

Mon, 08/14/2023 - 15:54

The $100 billion investment arm of the Mormon Church revealed some of its holdings in a 13F filing on Monday.
The church has amassed a portfolio of individual stocks worth nearly $50 billion.
These are the top 10 holdings of the Mormon Church's stock portfolio as of June 30.

The Church of Jesus Christ of Latter-day Saints' has an investment portfolio topping $100 billion that includes $49.3 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 earlier this year, the whistleblower said that the 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 June 30. These are the Mormon Church's top 10 stocks holdings at the end of the second quarter.

10. JPMorgan

JPMorgan Chase & Co. — Leonardo Munoz/Getty Images

Ticker: JPM
Market Value: $666.1 million
Change in Shares: -171,905 (-3%)

9. Exxon Mobil

Ticker: XOM
Market Value: $756.6 million
Change in Shares: -312,853 (-4%)

8. Mastercard

Ticker: MA
Market Value: $783.8 million
Change in Shares: +37,013 (+1%)

7. Meta Platforms

Ticker: META
Market Value: $970.8 million
Change in Shares: +224,849 (+7%)

6. UnitedHealth Group

A UnitedHealth Group health insurance card is seen in a wallet in this picture illustration October 14, 2019. REUTERS/Lucy Nicholson/Illustration — Picture illustration of a UnitedHealth Group health insurance card in a wallet
Reuters

Ticker: UNH
Market Value: $983.0 million
Change in Shares: -70,529 (-3%)

5. Nvidia

Jensen Huang 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: $1.20 billion
Change in Shares: +227,659 (+8%)

4. Amazon

Ticker: AMZN
Market Value: $1.25 billion
Change in Shares: +217,652 (+2%)

3. Alphabet

Google London
View Pictures/Getty Images

Ticker: GOOGL & GOOG
Market Value: $1.62 billion
Change in GOOGL and GOOG Shares: -209,983 and +27,360, respectively

2. Microsoft

Satya Nadella, CEO of Microsoft.
Sean Gallup/Getty Images

Ticker: MSFT
Market Value: $2.23 billion
Change in Shares: +250,586 (+3%)

1. Apple

iphone 8 plus iphone x 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: $3.12 billion
Change in Shares: +259,436 (+1%)

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These are the top 10 holdings of the Mormon Church's $49 billion stock portfolio