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The funding arm of the Mormon church revealed its inventory holdings in a 13F submitting final week.
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The church has amassed a portfolio of particular person shares price $55 billion.
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A prime AI inventory is a brand new addition to its prime holdings.
The Church of Jesus Christ of Latter-day Saints has an funding portfolio of over $100 billion that features $55 billion invested in publicly traded shares.
The portfolio is registered with the Securities and Alternate Fee underneath the title Ensign Peak Advisors, and its ties to the church have been largely unknown till just some years in the past.
The portfolio wasn’t revealed to the general public till 2019, when a former Ensign Peak worker filed a whistleblower criticism, alleging that the fund should not have tax-exempt standing as a result of it would not interact in any charitable actions.
In a “60 Minutes” particular final yr, the whistleblower stated the church’s funding arm acted as a “clandestine hedge fund” disguised as a charity.
The church, broadly referred to as the Mormon church, experiences its inventory holdings each quarter, and a current 13F submitting revealed its prime holdings as of June 30.
Throughout the quarter, the fund added to its mega-cap know-how shares and purchased extra shares of Broadcom, which is the newest AI inventory to enter its prime 10 holdings.
These are the church’s prime 10 inventory holdings on the finish of the second quarter, in addition to the modifications in every place.
10. JPMorgan
Ticker: JPM
Market Worth: $752.7 million
Change in Shares: -131,104 (-3%)
9. Eli Lilly
Ticker: LLY
Market Worth: $807.5 million
Change in Shares: -35,339 (-4%)
8. Broadcom
Ticker: AVGO
Market Worth: $842.2 million
Change in Shares: +841,960 (+19%)
7. UnitedHealth Group
Ticker: UNH
Market Worth: $858.3 million
Change in Shares: +45,481 (+3%)
6. Meta Platforms
Ticker: META
Market Worth: $1.63 billion
Change in Shares: -112,945 (-3%)
5. Amazon
Ticker: AMZN
Market Worth: $1.83 billion
Change in Shares: -235,110 (-2%)
4. Alphabet
Ticker: GOOGL & GOOG
Market Worth: $2.23 billion
Change in GOOGL and GOOG Shares: -315,797 (-4%) and -377,083 (-10%)
3. Apple
Ticker: AAPL
Market Worth: $3.06 billion
Change in Shares: -778,210 (-5%)
2. Nvidia
Ticker: NVDA
Market Worth: $3.30 billion
Change in Shares: -457,121 (-2%)
1. Microsoft
Ticker: MSFT
Market Worth: $3.41 billion
Change in Shares: -404,472 (-5%)
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