Church bank holdings

Post by **_christopher** » Mon Jul 14, 2008 11:33 pm

Does the church own this?

ZIONS BANCORP

http://finance.yahoo.com/q?s=ZION

If so, is there similar trouble with God's bank as others who speculated into unsound mortgages?

Chris <><

_GoodK · Post by **_GoodK** » Mon Jul 14, 2008 11:43 pm

No. Share holders own it. It is a publicly traded company.

And God has been broke for centuries...

Post by **_moksha** » Tue Jul 15, 2008 1:53 am

I think the Church has the lion's share of the stock.

Post by **_TAK** » Tue Jul 15, 2008 2:08 am

moksha wrote:I think the Church has the lion's share of the stock.

I don't think they do any longer..

http://finance.yahoo.com/q/mh?s=ZION

Post by **_Mercury** » Tue Jul 15, 2008 3:36 am

TAK wrote:
moksha wrote:I think the Church has the lion's share of the stock.

I don't think they do any longer..

http://finance.yahoo.com/q/mh?s=ZION

Any guess as to how much they cashed out out with when they sold it to:

TOP INSTITUTIONAL HOLDERS
Holder Shares % Out Value* Reported
Capital World Investors 6,745,000 6.27 $307,234,750 31-Mar-08
WACHOVIA CORP NEW 6,399,781 5.95 $291,510,024 31-Mar-08
Barclays Global Investors UK Holdings Ltd 6,235,974 5.80 $284,048,615 31-Mar-08
STATE STREET CORPORATION 4,624,022 4.30 $210,624,202 31-Mar-08
Argyll Research, LLC 4,266,101 3.97 $194,320,900 31-Mar-08
VANGUARD GROUP, INC. (THE) 4,236,584 3.94 $192,976,401 31-Mar-08
Norges Bank Investment Management 3,541,708 3.29 $161,324,799 31-Mar-08
JP MORGAN CHASE & COMPANY 3,416,502 3.18 $155,621,666 31-Mar-08
FMR LLC 2,802,986 2.61 $127,676,012 31-Mar-08
Capital Research Global Investors 2,540,000 2.36 $115,697,000 31-Mar-08

TOP MUTUAL FUND HOLDERS
Holder Shares % Out Value* Reported
AMERICAN FDS INSURANCE SER-GROWTH FD 2,950,000 2.74 $134,372,500 31-Mar-08
Capital Research Global Investors 2,540,000 2.36 $115,697,000 31-Mar-08
GROWTH FUND OF AMERICA INC 2,145,000 1.99 $97,704,750 31-Mar-08
FIDELITY VALUE FUND 1,952,096 1.82 $90,479,649 30-Apr-08
VANGUARD 500 INDEX FUND 1,023,898 .95 $46,638,553 31-Mar-08
VANGUARD MID-CAP INDEX FUND 958,550 .89 $43,661,952 31-Mar-08
American Beacon Large Cap Value Fd 948,000 .88 $51,893,520 31-Jan-08
PIONEER FUND 939,500 .87 $42,794,225 31-Mar-08
Columbia Fds Ser Tr-Mid Cap Value Fd 785,550 .73 $37,510,012 29-Feb-08
VANGUARD TOTAL STOCK MARKET INDEX FUND 760,235 .71 $34,628,704 31-Mar-08

Post by **_moksha** » Tue Jul 15, 2008 5:19 am

Which leads to the question of which funds does the Church control or hold shares with? (With the proviso that this question can be asked by a member).

Post by **_TAK** » Tue Jul 15, 2008 1:00 pm

moksha wrote:Which leads to the question of which funds does the Church control or hold shares with? (With the proviso that this question can be asked by a member).

Difficult too say given the Churches desire to keep finances private. They may fly under the wire of reporting obligations the SEC mandates for public companies by investing in smaller percentages than what is required to be disclosed.

Ten years ago Time Mag estimated the Church wealth at 30 billion / 6-7 billion in income. I suspect that most of its wealth is tied up in its own businesses.

Post by **_John Larsen** » Tue Jul 15, 2008 4:05 pm

TAK wrote:
moksha wrote:Which leads to the question of which funds does the Church control or hold shares with? (With the proviso that this question can be asked by a member).

Difficult too say given the Churches desire to keep finances private. They may fly under the wire of reporting obligations the SEC mandates for public companies by investing in smaller percentages than what is required to be disclosed.

Ten years ago Time Mag estimated the Church wealth at 30 billion / 6-7 billion in income. I suspect that most of its wealth is tied up in its own businesses.

I would agree. The Church tends to keep all of its operations private so as to avoid disclosure.