Mormon Church’s 5 Biggest Stock Positions

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1. Apple Inc. (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) is the biggest stock position of the Mormon Church as of the end of the third quarter of 2022, as it owned a $2.16 billion stake in Apple Inc. (NASDAQ:AAPL) via Ensign Peak Advisors. Apple Inc. (NASDAQ:AAPL) is also among the most popular stocks held by hedge funds. As of the end of the September quarter, 140 hedge funds reported having stakes in Apple Inc. (NASDAQ:AAPL), compared to 128 funds in the previous quarter.

Earlier this month, Wedbush’s Dan Ives called Apple Inc. (NASDAQ:AAPL) his top stock pick in the technology sector. The analyst, however, lowered the price target on the stock to $175. The analyst said that the demand side of the company is still strong.

You can also take a peek at 15 Biggest Non-Tech Companies in the World and 23 Most Powerful Countries in the World.

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