The Church of Jesus Christ of Latter-day Saints lost $12.1 billion — so far — in 2022 in its most prominent investment portfolio as turmoil continued to rock economies around the world.
Otherwise, Ensign Peak’s quarterly reports to federal regulators suggest it operates much like other broadly based, professionally managed portfolios of stocks and mutual funds, filed in February 2020, showed the fund held $37.8 billion just before the pandemic. Ten quarterly disclosures since then reveal the portfolio’s performance beating those of wider market metrics about half the time.
Topping its list of holdings are stakes worth over $1 billion each in Apple, Microsoft and Amazon, at $2.6 billion, $1.9 billion and $1 billion, respectively. The fund also holds two types of shares in Alphabet Inc., parent company of search engine giant Google, for a total investment in that company of $1.29 billion.
Half the account’s total value is now held in those tech stocks and 34 other holdings, with companies such as UnitedHealth Group, Johnson & Johnson, Exxon Mobil, Tesla, Mastercard and Morgan Chase leading that roster.
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