The LDS Church's investments managed by Ensign Peak Advisors now valued at $54.7 billion, a new high.
The Church Office Building of The Church of Jesus Christ of Latter-day Saints in Salt Lake City in December 2023. The faith's investment arm how holds a stock portfolio valued at $54.7 billion.
Six stocks in the portfolio — all of them technology giants — are now over $1 billion in value, with holdings in Apple and Nvidia each exceeding $2 billion and shares in Microsoft at $3.4 billion.Ensign Peak represents only the Utah-based faith’s direct ownership of U.S. stocks and mutual funds exceeding a regulatory threshold of $100 million.
Widow’s Mite analysis puts Ensign Peak as a net seller of U.S. stocks through much of last year, shedding nearly $1.75 billion of its holdings. Its shares in Apple, Microsoft, Alphabet, Amazon and Facebook reached a combined value of $11.3 billion through March, accounting for more than 20% of Ensign Peaks’ total holdings.
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.
New allegations surface of federal violations in LDS Church’s stock portfolioThe Church of Jesus Christ of Latter-day Saints faces new allegations over its huge stock portfolio.
Read more »
LDS women to church leaders: When did the rules about women working outside the home change?The LDS Church held up Relief Society President Camille Johnson, a working woman, as a role model of motherhood. Not everyone is happy about it.
Read more »
Special ‘Mormon Land’ from Europe: The LDS Church isn’t dying here, but it is changingA special 'Mormon Land' podcast from Germany about the LDS Church's status in Europe.
Read more »
The LDS Church’s historic temple-building spree is fracturing communities across the countryAnger and resentment abound within towns where grassroot groups are fighting proposed LDS temples.
Read more »
Historic Manti LDS Temple is rededicated by a surprise visiting VIPLDS Church President Russell Nelson rededicates the pioneer-era Manti Temple.
Read more »
‘A better church is possible:’ Methodists celebrate as the church embraces the LGBTQThe United Methodist Church marked a new era of LGBTQ inclusion by voting to lift the bans on LGBTQ clergy and on pastors performing same-sex unions. They also removed the language that said homosexuality was “incompatible with Christian teaching.”
Read more »