Inside the Mormon Stock Portfolio worth more than $46 Billion
The Mormon Church, officially known as The Church of Jesus Christ of Latter-day Saints, operates an investment portfolio that’s more than just a few loaves and fishes.
With over $100 billion in assets, $46.2 billion is invested in stocks through Ensign Peak Advisors.
This financial behemoth wasn’t public knowledge until 2019, thanks to a whistleblower who suggested it was more clandestine hedge fund than charity.
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Here are the top ten holdings in the Mormon Church’s $47 billion portfolio:
1. Apple, $AAPL
2. Microsoft, $MSFT
3. Alphabet, $GOOGL
4. Nvidia, $NVDA
5. Amazon, $AMZN
6. UnitedHealth Group, $UNH
7. Meta, $META
8. Mastercard, $MA
9. Exxon, $XOM
10. Tesla, $TSLA— unusual_whales (@unusual_whales) November 20, 2023
What’s inside the Mormon Stock Portfolio?
Now, let’s peek behind the curtain at the top 10 holdings of this holy portfolio as of the first quarter:
- Apple (AAPL): The Garden of Eden of tech stocks, Apple sits at the top with a market value of $2.61 billion. A bite of the Apple has seen a modest increase in shares by 1%.
- Microsoft (MSFT): Not far behind, the tech giant holds a $2.23 billion position, despite a 5% reduction in shares. Seems like they’re not putting all their eggs in one Windows basket.
- Alphabet (GOOGL & GOOG): Google’s parent company, with its double-barreled ticker, commands a $1.43 billion market value. The portfolio played a bit of alphabet soup with its shares, reducing GOOGL slightly and increasing GOOG.
- UnitedHealth Group (UNH): Proving that health is wealth, this healthcare behemoth stands at $999.9 million, with an 8% hike in shares.
- Amazon (AMZN): This e-commerce giant isn’t just delivering packages; it’s delivering returns with a market value of $967.4 million and a 5% increase in shares.
- Exxon Mobil (XOM): The Church’s foray into oil with Exxon Mobil stands at $807.9 million, although they trimmed their shares by 5%. A mix of faith and fossil fuels, perhaps?
- Nvidia (NVDA): This chipmaker chips in with $720 million, despite a significant 11% reduction in shares. Looks like the Church isn’t playing games with its investment here.
- Mastercard (MA): With a market value of $710.8 million, the Church seems to believe in spending now and praying later.
- Johnson & Johnson (JNJ): This healthcare and consumer goods staple is nursed at $682.5 million, with a slight 2% reduction in shares.
- Meta Platforms (META): Rounding out the top ten, the social media giant stands at $669.3 million, with a 5% increase in shares. Seems like the Church is keeping faith in Zuckerberg’s metaverse dream.
This lineup of investments showcases a blend of tech titans, healthcare heroes, and an oil oligarch, painting a picture of a diversified, modern portfolio.
It’s a financial ark carrying a pair of almost every industry!
