Mormon Church's $55 Billion Portfolio Features New AI Stock

Reported about 2 months ago

The Church of Jesus Christ of Latter-day Saints, managing a $55 billion investment portfolio, recently disclosed its top holdings, which now include Broadcom, a notable AI stock. This portfolio, operated through Ensign Peak Advisors, has faced scrutiny over its tax-exempt status while largely operating like a hedge fund. Other significant holdings include major technology companies like Microsoft, Nvidia, and Apple.

Source: YAHOO

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