These are the top 10 holdings of the Mormon Church’s $47 billion stock portfolio
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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.
Content retrieved from: https://finance.yahoo.com/news/top-10-holdings-mormon-churchs-042921802.html.
