Mormons invest with the help of God! 😊
"As The Church of Jesus Christ of Latter-day Saints oversees its major holdings in U.S. stocks and mutual funds, filings show, it spreads billions of dollars across industries from Big Tech to real estate, from health care and banking to consumer goods. ...
A recent settlement with the U.S. Securities and Exchange Commission made it clear the church must continue to be more transparent than it has in the past about certain holdings. That agreement — in which the church paid a $1 million penalty and its Salt Lake City-based investment arm Ensign Peak Advisors paid $4 million — was based on the requirement that any entity trading over $100 million on U.S. public stock exchanges must file quarterly public disclosures of the shares it controls and their value. ...
To discover these bets, The Salt Lake Tribune searched for companies that had disclosed church subsidiaries as early investors between Jan. 1, 2001, and Dec. 31, 2023. In that period, 14 companies received funding from Ensign Peak Advisors or its wholly owned subsidiary Marshfield Advisers LLC and hit milestones — such as moving to sell shares on stock markets — that revealed the investments. ..."
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