The Church of Jesus Christ of Latter-day Saints' investment portfolio managed by Ensign Peak Advisors now tops $50.5 billion.
The Church Office Building is shown in Salt Lake City in December 2023. The portfolio of the faith's investment arm topped $50 billion in value at the end of 2023.
That total had fallen to $46.8 billion as of the end of September amid stock sales and market fluctuations but grew in the fourth quarter by $3.7 billion, according to required disclosures to the U.S. Securities and Exchange Commission.website, which uses public data and sophisticated modeling to track church finances and other trends, shows that the Ensign Peak portfolio was a net seller of U.S. stocks throughout much of last year, shedding nearly $1.75 billion of its holdings.
Ensign Peak’s holdings generally mirror the mix of stocks in the S&P 500 index with 1,739 different investments as of the end of 2023, winnowed from 2,308 in mid-2022.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Mormon Stories’ apologizes for detailing church activities of same-sex LDS couple'Mormon Stories' podcast apologized for detailing Charlie Bird's church activities for listeners
Read more »
Church of Jesus Christ, World Food Programme announce joint funding of Caribbean response centerThe Church of Jesus Christ of Latter-day Saints and the World Food Programme celebrated 10 years of partnership by funding an emergency response hub in the Caribbean.
Read more »
Why letting LDS girls pass the sacrament would be good for them, for boys and for the churchExcerpts from a 'Mormon Land' podcast about why girls are not allowed to pass the sacrament, or Communion, and why that should change.
Read more »
Investigation underway after reports of active shooter at Lakewood ChurchSheriff Ed Gonzalez said a possible suspect was shot by deputies after reports of an active shooter at Joel Osteen's megachurch near the Southwest Freeway.
Read more »
Houston police, fire department responding to shooting at Joel Osteen's Lakewood ChurchRebecca Cohen is a breaking news reporter for NBC News.
Read more »
Shooting reported at pastor Joel Osteen's Lakewood Church in TexasHeavy police presence surrounded Joel Osteen's Lakewood Church after reports of an active shooter Sunday morning.
Read more »