Jesus Has a Stock Portfolio: NVDA, MSFT, and Other Tech Giants that the Church of Latter-Day Saints Is Betting Big On
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When somebody talks about church, you probably think about sermons, stained glass windows or charity outreach. You’re not thinking about hedge fund equity portfolios that are jam-packed with shares of mega-cap tech giants, right?
Well, the Church of Jesus Christ of Latter-day Saints (LDS) has always done things a bit differently.
That’s part of the reason the church has spent years quietly building one of the most interesting institutional investment portfolios in the country. According to recent SEC filings, LDS investment arm Ensign Peak Advisors now oversees a public stock portfolio worth an estimated $56.6 billion.
That huge number is spread across some 1,700 positions in just about every industry you could think of. But over the past couple of years, Ensign Peak has made some big bets on the expansion of AI and Big Tech. Despite recent trouble with the SEC, those bets have helped establish the LDS Church as one of the globe’s wealthiest religious organizations.
Whether or not you’re a true believer, there’s a lesson or two to be had here for every institutional investor.
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Content retrieved from: https://www.barchart.com/story/news/2159195/jesus-has-a-stock-portfolio-nvda-msft-and-other-tech-giants-that-the-church-of-latter-day-saints-is-betting-big-on.
