The $100 billion funding arm of the Mormon Church revealed its holdings in a 13F submitting this week.
A whistleblower alleged over the weekend that the church operates its funding arm as an “underground hedge fund.”
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.
Market worth: $669.3 million
Change in Actions: +154,169 (+5%)
9. Johnson & Johnson
Market worth: $682.5 million
Change in Actions: -130,903 (-2%)
8. grasp card
Market worth: $710.8 million
Change in Actions: -10,829 (0%)
Market worth: $720.0 million
Change in Actions: -327,541 (-11%)
Market worth: $807.9 million
Change in Actions: -459,083 (-5%)
Market worth: $967.4 million
Change in Actions: +479,487 (+5%)
4. UnitedHealth Group
Market worth: $999.9 million
Change in Actions: +160,538 (+8%)
Ticker: GOOGL and GOOG
Market worth: $1.43 billion
Change in GOOGL and GOOG actions: -38,844 and +125,748, respectively
Market worth: $2.23 billion
Change in Actions: -415,231 (-5%)
Market worth: $2.61 billion
Change in Actions: +209,247 (1%)
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