Massive Mormon Endowment Trims Holdings in Apple and Tesla
Posted on 08/17/2021
Ensign Peak Advisors, which oversees the endowment of The Church of Jesus Christ of Latter-day Saints, is a direct investor in U.S. stocks. The endowment manager sold off some holdings in both Apple Inc. and Tesla, Inc. The endowment sold off directly around US$ 59,200,510 worth of Tesla (87,098 shares) and around US$ 94,536,503 worth of Apple (690,249) shares.
The endowment drastically reduced its shares in Alibaba Group Holding Limited from 129,800 shares to holding 25,000 shares at the end of June 2021.
