The Top 10 Holdings of the Mormon Church's $44 Billion Stock Portfolio

Sep 30, 2023

The Church of Jesus Christ of Latter-day Saints' sports a $100 billion investment portfolio that includes $44.4 billion invested in stocks.

The portfolio is registered with the SEC under the name Ensign Peak Advisors, and the Wall Street Journal reported last week that it's being investigated by the Securities and Exchange Commission for potential violations of disclosure rules.

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.

Those claims were denied by church officials, and the church has said it is currently complying with the SEC's investigation into its disclosure practices.

In a 13F filing made with the SEC this week, Ensign Peak Advisors revealed its top stock holdings as of December 31. These are the top 10 stocks as of the fourth quarter and how they changed from the prior quarter.

10. Walmart

Ticker: WMT Market Value: $584.9 millionChange in Shares: +97,632 (+2%)

9. JPMorgan

Ticker: JPM Market Value: $670.9 millionChange in Shares: -98,967 (-1%)

8. Mastercard

Ticker: MA Market Value: $683.9 millionChange in Shares: +40,966 (+2%)

7. Amazon

Ticker: AMZN Market Value: $746.5 millionChange in Shares: -199,092 (-2%)

6. Johnson & Johnson

Ticker: JNJ Market Value: $801.1 millionChange in Shares: -206,882 (-4%)

5. Exxon Mobil

Ticker: XOM Market Value: $863.3 millionChange in Shares: +119,949 (+1%)

4. Alphabet

Ticker: GOOGL Market Value: $931.7 millionChange in Shares: +194,725 (+1%)

3. UnitedHealth Group

Ticker: UNH Market Value: $1.04 billion Change in Shares: +72,704 (+3%)

2. Microsoft

Ticker: MSFT Market Value: $1.96 billionChange in Shares: -146,070 (-1%)

1. Apple

Ticker: AAPL Market Value: $2.03 billionChange in Shares: -1,289 (0%)

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