In what assets does the Mormon Church invest the donations of its parishioners?

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The Mormon Church’s asset management fund, which totals nearly $ 50 billion, carried out a portfolio realignment in the second quarter of this year, according to data reported to the US Securities and Exchange Commission.

The managing entity, Ensign Peak Advisors, was released only at the end of 2019. According to they counted to The Wall Street Journal the representatives of the Church of Jesus Christ of Latter-day Saints, as that religious organization is officially called, the size of the fund depends on the donations of its parishioners, so it was sought to keep it a secret.

According to data published By WhaleWisdom, the fund’s assets, along with the Salt Lake City-based Church itself, were valued at the end of this June at 49,571 million dollars, invested in securities of 1,822 companies.

Although the number of companies has declined by just three since the end of the first quarter, the composition of the investment portfolio has changed dramatically: Ensign Peak Advisors liquidated its shares in 71 companies, between them Blackberry, Uber, Lions Gate Entertainment, Roku, Peloton Interactive y Spotify.

The bottom dumped all of his 46,000 GameStop shares, a video game store chain, whose stock prices soared in January in the wake of a coordinated campaign by retail investors on a Reddit subforum. The package had been purchased in the fourth quarter of last year.

Also, the company reduced by 13% the number of your shares in Tesla, which stood at 561,289.

Of the ‘top 10’ of its holdings, Ensign Peak Advisors cut its bundle of Microsoft, which is now 8.5 million shares, and at 4% that of Apple, up to 16.4 million. Your packages Amazon Y Google they were reduced by 2%, also without significantly changing their proportion in the total.

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On the other hand, it increased its share package of Facebook, up to more than 3 million.

The portfolio has 68 new names, among them the insurer Root, the pharmaceutical Elanco Animal Health, the Dutch financial group ING Groep and the British financial giant HSBC Holdings.

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