The Mormon Church's secretive $100 billion investment fund slashed its stakes in Exxon Mobil, Wells Fargo, and Marriott International in the first quarter, according to a SEC filing released this week.

Ensign Peak Advisors, the investing arm of the Church of Jesus Christ of Latter-day Saints, reported a 21% plunge in the value of its stock portfolio to just below $30 billion. The decline reflected the painful impact of the coronavirus pandemic on share prices, plus the fund trimmed some positions and slightly reduced its total number of holdings to around 1,620.

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