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These are the top 10 holdings of the Mormon Church's $44 billion stock portfolio

Feb 14, 2023, 21:19 IST
Business Insider
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  • The $100 billion investment arm of the Mormon Church revealed its holdings in a 13F filing this week.
  • The church holds $44 billion in stocks and is currently being investigated by the SEC for disclosure rules.
  • These are the top 10 holdings of the Mormon Church's investment portfolio as of December 31.
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The Church of Jesus Christ of Latter-day Saints' sports a $100 billion investment portfolio that includes $44.4 billion invested in stocks.

The portfolio is registered with the SEC under the name Ensign Peak Advisors, and the Wall Street Journal reported last week that it's being investigated by the Securities and Exchange Commission for potential violations of disclosure rules.

The Mormon Church's investment portfolio wasn't revealed to the public until 2019, when a former employee of the fund filed a whistleblower complaint, alleging that the fund shouldn't have tax-exempt status because it doesn't engage in any charitable activities.

Those claims were denied by church officials, and the church has said it is currently complying with the SEC's investigation into its disclosure practices.

In a 13F filing made with the SEC this week, Ensign Peak Advisors revealed its top stock holdings as of December 31. These are the top 10 stocks as of the fourth quarter and how they changed from the prior quarter.

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10. Walmart

The Walmart logo is seen outside a Walmart store in Burbank, California on August 15, 2022ROBYN BECK/AFP via Getty Images

Ticker: WMT
Market Value: $584.9 million
Change in Shares: +97,632 (+2%)

9. JPMorgan

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(Photo by MICHEL EULER/POOL/AFP via Getty Images)

Ticker: JPM
Market Value: $670.9 million
Change in Shares: -98,967 (-1%)

8. Mastercard

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Ticker: MA
Market Value: $683.9 million
Change in Shares: +40,966 (+2%)

7. Amazon

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Ticker: AMZN
Market Value: $746.5 million
Change in Shares: -199,092 (-2%)

6. Johnson & Johnson

Mario Tama/Getty Images

Ticker: JNJ
Market Value: $801.1 million
Change in Shares: -206,882 (-4%)

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5. Exxon Mobil

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Ticker: XOM
Market Value: $863.3 million
Change in Shares: +119,949 (+1%)

4. Alphabet

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Google LondonView Pictures/Getty Images

Ticker: GOOGL
Market Value: $931.7 million
Change in Shares: +194,725 (+1%)

3. UnitedHealth Group

Picture illustration of a UnitedHealth Group health insurance card in a walletReuters

Ticker: UNH
Market Value: $1.04 billion
Change in Shares: +72,704 (+3%)

2. Microsoft

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Satya Nadella, CEO of Microsoft.Sean Gallup/Getty Images

Ticker: MSFT
Market Value: $1.96 billion
Change in Shares: -146,070 (-1%)

1. Apple

(L-R) The new iPhone 8, iPhone X and iPhone 8S are displayed during an Apple special event at the Steve Jobs Theatre on the Apple Park campus on September 12, 2017 in Cupertino, California. Apple held their first special event at the new Apple Park campus where they announced the new iPhone 8, iPhone X and the Apple Watch Series 3.Justin Sullivan/Getty Images

Ticker: AAPL
Market Value: $2.03 billion
Change in Shares: -1,289 (0%)

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