The latest 4.1% gain in the first three months of 2023 fell short of the 7.5% leap posted by the S&P 500 index for the same quarter.
Ensign Peak is still $16.3 billion higher than the $29.9 billion it held in early 2020 after markets caved with the onset of the COVID-19 pandemic.Under SEC rules, Ensign Peak must disclose some investments such as U.S.-listed stocks. Thus, these public reports do not reflect the portfolio’s total holdings.
The new filing indicates the Ensign Peak portfolio held 1,772 separate stocks, mutual funds and other investments in the first quarter, winnowed by its managers from as many as 2,210 positions at the start of 2022. The fund’s two largest holdings — in technology giants Apple and Microsoft — amount to $2.6 billion and $2.2 billion in value, respectively, the latest report indicates. The account also holds a total of $1.4 billion in two flavors of shares in Alphabet, parent company of Google.
Ensign Peak’s largest nontechnology holdings included UnitedHealth Group, at $999.9 million; $808 million in Exxon Mobil; and $710 million in Mastercard.