These are the top 10 holdings of the Mormon Church’s $49 billion stock portfolio

Published By with Comments

Categorized as Mormons Tagged , , , ,

The Church of Jesus Christ of Latter-day Saints’ has an investment portfolio topping $100 billion that includes $49.3 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 investment portfolio.

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.

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.

Content retrieved from:

Leave a comment

Your email address will not be published. Required fields are marked *

Trenton, New Jersey 08618
609.396.6684 | Feedback

Copyright © 2022 The Cult News Network - All Rights Reserved