The Church of Jesus Christ of Latter-day Saints adds another $3 billion to its principal reserve fund, now valued at more than $49 billion, even as it sells stocks worth millions.
, based on data from Bloomberg, indicates Ensign Peak has been a net seller of U.S. stocks thus far in 2023, shedding around $500 million in each of the first two quarters.
The account’s value slid to $40.3 billion as of last September after shedding billions over three consecutive quarters before regaining ground. Ensign Peak now holds $3.1 billion in shares of technology giant Apple, its first stake above the $3 billion mark since the church-owned investment firmOther billion-dollar holdings include $2.7 billion in Microsoft; $1.5 billion in two types of shares in Alphabet, parent company of Google; and more than $1.2 billion each in Amazon and in software maker Nvidia. Its stake in Meta Platforms, parent company to Facebook, is close behind at $970.8 million.
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