LDS Church discloses the $37.8 billion stock portfolio of its biggest investment fund
For the first time, the LDS Church‚Äôs biggest investment fund has disclosed its Wall Street holdings, revealing $37.8 billion in stocks and mutual funds.
The federal filing may be the best answer ever to how The Church of Jesus Christ of Latter-day Saints has invested the excess tithing paid by its 16 million members. The detailed list included 1,659 stocks and mutual funds, including household names like Amazon, Chevron and Walmart, that the fund held for the quarter ending Dec. 31.
Next step is for someone to set up a mutual fund that will duplicate the LDS holdings, and call it something appropriate.
I have heard of many Christians wanting to follow a 'Christian' plan for investing, and Catholics even have the "Thomas Fund" as one of their choices, Muslims have another one. Even pagans who care more about ecology, human rights, have "ESG" funds.
Another step to apply to this LDS holding is to ask how much they have lost due to this coronavirus scare. It is interesting to note that more people have died in the US from flu and flu-related complications, but it is not reported as much.