These are the top 10 holdings of the Mormon Church's $49 billion stock portfolio

The Church of Jesus Christ of Latter-day Saints' has an investment portfolio topping $100 billion that includes $49.3 billion invested in stocks.

The portfolio is registered with the SEC under the name Ensign Peak Advisors, and its lack of disclosures over the years recently led to it paying $5 million to settle charges that it went to great lengths to hide its investment portfolio.

The Mormon Church's investment portfolio wasn't revealed to the public until 2019, when a former employee of the fund filed a whistleblower complaint, alleging that the fund shouldn't have tax-exempt status because it doesn't engage in any charitable activities.

In a "60 Minutes" special earlier this year, the whistleblower said that the church's investment arm acted as a "clandestine hedge fund" disguised as a charity.

The church reports its stock holdings on a quarterly basis, and a recent 13F filing revealed its top holdings as of June 30. These are the Mormon Church's top 10 stocks holdings at the end of the second quarter.

10. JPMorgan

Ticker: JPM
Market Value: $666.1 million
Change in Shares: -171,905 (-3%)

9. Exxon Mobil

Ticker: XOM
Market Value: $756.6 million
Change in Shares: -312,853 (-4%)

8. Mastercard

Ticker: MA
Market Value: $783.8 million
Change in Shares: +37,013 (+1%)

7. Meta Platforms

Ticker: META
Market Value: $970.8 million
Change in Shares: +224,849 (+7%)

6. UnitedHealth Group

Ticker: UNH
Market Value: $983.0 million
Change in Shares: -70,529 (-3%)

5. Nvidia

Ticker: NVDA
Market Value: $1.20 billion
Change in Shares: +227,659 (+8%)

4. Amazon

Ticker: AMZN
Market Value: $1.25 billion
Change in Shares: +217,652 (+2%)

3. Alphabet

Ticker: GOOGL & GOOG
Market Value: $1.62 billion
Change in GOOGL and GOOG Shares: -209,983 and +27,360, respectively

2. Microsoft

Ticker: MSFT
Market Value: $2.23 billion
Change in Shares: +250,586 (+3%)

1. Apple

Ticker: AAPL
Market Value: $3.12 billion
Change in Shares: +259,436 (+1%)