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The investment arm of the Mormon Church revealed some of its holdings in a 13F filing on Tuesday.
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 September 30.
The Church of Jesus Christ of Latter-day Saints’ has an investment portfolio topping $100 billion that includes $47 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 investments.
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 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 September 30. These are the Mormon Church’s top 10 stocks holdings at the end of the third quarter.
10. Tesla
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Ticker: TSLA
Market Value: $672.4 million
Change in Shares: +153,477 (+6%)
9. Exxon Mobil
exxon mobil
AP
Ticker: XOM
Market Value: $735.6 million
Change in Shares: -798,503 (-11%)
8. Mastercard
Reuters
Ticker: MA
Market Value: $778.6 million
Change in Shares: -26,379 (-1%)
7. Meta Platforms
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Ticker: META
Market Value: $1.01 billion
Change in Shares: -17,008 (-1%)
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 walletReuters
Ticker: UNH
Market Value: $1.02 billion
Change in Shares: -14,682 (-1%)
5. Amazon
Amazon
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Ticker: AMZN
Market Value: $1.22 billion
Change in Shares: -23,178 (-0.2%)
4. Nvidia
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