- The
Mormon Church exited itsGameStop position and cut itsTesla holdings last quarter. - Ensign Peak Advisors disposed of its 46,000 GameStop shares, pocketing as much as $14 million.
- The church fund sold 13% of its Tesla shares, leaving a stake worth $382 million on June 30.
The Mormon Church cashed out its GameStop profits and trimmed its Tesla stake in the second quarter, regulatory filings show.
Ensign Peak Advisors - the secretive $100 billion investing arm of the
Ensign appears to have sold the entire holding last quarter, as the stock is absent from its latest filing. It likely raked in about $9 million from the disposal, based on GameStop's average closing share price in the period, or as much as $14 million if it sold at the peak in June.
The church fund also pared its Tesla bet last quarter, cutting its stake in
The total value of Ensign's US stock portfolio swelled by about $3 billion to nearly $50 billion last quarter. Its top two holdings were roughly $2.3 billion stakes in both Microsoft and Apple, followed by positions worth over $1 billion in each of Alphabet, Amazon, and Facebook.