New federal reports value a massive investment portfolio of stocks, bonds and mutual funds managed on behalf of The Church of Jesus Christ of Latter-day Saints at a five-year high of $56.8 billion.
It’s now about 3.9% above its total for the first and second quarters of this year, when its managers reported to regulators that it hovered at about $54.7 billion. In-depth analysis of public documents indicates the investment firm and affiliated funds manage assets on behalf of the global faith worth somewhere in the range of $265 billion, with around $32 billion of that in landholdings.What notable trading took place in the latest quarter?
Its holdings in the tech company are now worth more than $3.2 billion or about 5.8% of its total portfolio.