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LINK The Mormon Church's secretive $100 billion fund scored a 900% gain on GameStop - and boosted its Tesla bet by 39% | Markets Insider

The Mormon Church's $100 billion fund made a 900% gain on GameStop last quarter.

Ensign Peak Advisors' stake surged in value from below $900,000 to $8.7 million.

The church fund also boosted its Tesla stake by 39% after growing it 3,500% last year.

The Mormon Church was a surprise winner from the GameStop short squeeze, racking up a 900% gain on the meme stock last quarter, regulatory filings show.

Ensign Peak Advisors - the secretive $100 billion investment arm of the Church of Jesus Christ of Latter-Day Saints - bought 46,000 GameStop shares in the fourth quarter of 2020. Its stake ballooned in value from under $900,000 to $8.7 million in the first three months of this year, thanks to GameStop's stock price going stratospheric in January and remaining elevated since then.

The surge in GameStop stock from below $19 to $190 last quarter also catapulted it from Ensign's 1,452nd most-valuable holding to number 455 on the list.

HippieChick58 9 May 19
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Religion as a business should be taxed - imho.

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That income should be taxed.

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