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The top 10 holdings of the Mormon church's $55 billion stock portfolio include a new AI stock
By Matthew Fox,
7 hours ago
Getty Images
The investment arm of the Mormon church revealed its stock holdings in a 13F filing last week.
The church has amassed a portfolio of individual stocks worth $55 billion.
A top AI stock is a new addition to its top holdings.
The Church of Jesus Christ of Latter-day Saints has an investment portfolio of over $100 billion that includes $55 billion invested in publicly traded stocks.
The portfolio is registered with the Securities and Exchange Commission under the name Ensign Peak Advisors, and its ties to the church were largely unknown until just a few years ago.
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.
The church, widely known as the Mormon church, reports its stock holdings every quarter, and a recent 13F filing revealed its top holdings as of June 30.
During the quarter, the fund added to its mega-cap technology stocks and bought more shares of Broadcom, which is the latest AI stock to enter its top 10 holdings.
These are the church's top 10 stock holdings at the end of the second quarter, as well as the changes in each position.
10. JPMorgan
Leonardo Munoz/Getty Images
Ticker: JPM Market Value: $752.7 million Change in Shares: -131,104 (-3%)
9. Eli Lilly
FILE PHOTO: Lilly logo on a wall of Lilly France, part of Eli Lilly and Co, in Fegersheim, France
Reuters
Ticker: LLY Market Value: $807.5 million Change in Shares: -35,339 (-4%)
8. Broadcom
Reuters
Ticker: AVGO Market Value: $842.2 million Change in Shares: +841,960 (+19%)
7. UnitedHealth Group
Igor Golovniov/SOPA Images/LightRocket via Getty Images
Ticker: UNH Market Value: $858.3 million Change in Shares: +45,481 (+3%)
6. Meta Platforms
JOSH EDELSON/AFP via Getty Images)
Ticker: META Market Value: $1.63 billion Change in Shares: -112,945 (-3%)
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