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The $100 billion funding arm of the Mormon Church revealed its holdings in a 13F submitting this week.
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A whistleblower alleged over the weekend that the church operates its funding arm as an “underground hedge fund.”
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These are the highest 10 holdings of the Mormon Church’s funding portfolio as of March 31.
The Church of Jesus Christ of Latter-day Saints has an funding portfolio in extra of $100 billion, together with $46.2 billion invested in shares.
The portfolio is registered with the SEC beneath the title Ensign Peak Advisors, and its lack of disclosure over time lately led it to pay $5 million to settle costs that it went to nice lengths to cover its funding portfolio. .
The Mormon church’s funding portfolio was not disclosed to the general public till 2019, when a former worker of the fund filed a criticism, alleging that the fund shouldn’t be tax-exempt as a result of it doesn’t have interaction in any charitable exercise.
In a “60 Minutes” particular over the weekend, the whistleblower mentioned the Mormon church’s funding arm acted as an “underground hedge fund” masquerading as a charity.
The church studies its inventory holdings quarterly, and a current submitting by 13F revealed its high holdings as of March 31. These are the highest 10 Mormon church inventory holdings on the finish of the primary quarter.
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Change in Actions: +154,169 (+5%)
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1 apple
Ticker: AAPL
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