Mormon Church's Stock Portfolio: Top 10 Holdings Include New AI Stock

The article discusses the Mormon Church’s stock portfolio, which includes a significant investment in a new artificial intelligence (AI) company. According to the report, the Church’s investment arm, Ensign Peak Advisors, has amassed a $37.8 billion stock portfolio, with its top 10 holdings accounting for over $21 billion. One of the notable additions to the portfolio is a stake in C3.ai, a leading AI software company. The Church’s investment in C3.ai is valued at around $340 million, making it one of the top 10 holdings. The article highlights the Church’s diversified portfolio, which includes investments in various sectors such as technology, healthcare, and consumer goods. The inclusion of an AI stock like C3.ai suggests the Church’s recognition of the potential growth and importance of AI in the future. The article also mentions that the Church’s investment strategy has been successful, with the portfolio generating significant returns over the years.

Source: https://markets.businessinsider.com/news/stocks/mormon-church-stock-portfolio-top-10-holdings-new-ai-stock-2024-8