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The Church of Jesus Christ of Latter-day Saints pared back its exposure to mega-cap tech stocks during the fourth quarter.
The Church of Jesus Christ of Latter-day Saints' has an investment portfolio of over $100 billion that includes $51 billion invested in publicly traded stocks.
The portfolio is registered with the SEC under the name Ensign Peak Advisors, and its ties to the Church of Jesus Christ of Latter-Day Saints was largely unknown until recently.
The portfolio wasn't revealed to the public until 2019, when a former Ensign Peak employee filed a whistleblower complaint, alleging that the fund shouldn't have tax-exempt status because it doesn't engage in any charitable activities.
These are the Mormon Church's top 10 stock holdings at the end of the fourth quarter, as well as the changes in each position.
10. Tesla
9. JPMorgan
8. Mastercard
7. UnitedHealth Group
6. Meta Platforms
5. Nvidia
4. Amazon
3. Alphabet
2. Apple
1. Microsoft