LDS Church discloses the $37.8 billion stock portfolio of its biggest investment fund

[douglas9]

For the first time, the LDS Church’s biggest investment fund has disclosed its Wall Street holdings, revealing $37.8 billion in stocks and mutual funds.

The federal filing may be the best answer ever to how The Church of Jesus Christ of Latter-day Saints has invested the excess tithing paid by its 16 million members. The detailed list included 1,659 stocks and mutual funds, including household names like Amazon, Chevron and Walmart, that the fund held for the quarter ending Dec. 31.

The investment fund, called Ensign Peak Advisors, quietly submitted the filing Feb. 14 to the U.S. Securities and Exchange Commission. The stock portfolio appears to represent a large portion of the total value of Ensign Peak, which whistleblowing brothers Lars and David Nielsen said in a complaint sent to the IRS controls assets worth at least $100 billion.

The SEC filing is standard for “institutional investment managers” with assets of at least $100 million.

Ensign Peak Advisors has met that threshold for years, yet the SEC website shows this is the first time the fund has submitted such a filing.

https://www.sltrib.com/religion/2020/03/07/lds-church-discloses/

[procon]

1. This is why organized religion should be taxed just like

any other business. Why is all that money they conned from believers to help people and spread their BS around the world, stashed in investment schemes? Are there no destitute folks, no hungry kids, no seniors that can't afford their meds? Isn't there some indigenous community that needs a well, or a school?

[lagomorph777]

2. Organized religion is exactly like any other business...

...except the "product" they deliver is completely imaginary and non-existent. Very solid ROI for the execs/shareholders. Not so much for the customers.