A spring updraft in U.S. stock markets has helped add a near-record $6 billion in one quarter to the immense portfolio of U.S. stocks, bonds and mutual funds managed for The Church of Jesus Christ of Latter-day Saints, reversing recent losses.

New disclosures from the faith’s investment arm, Salt Lake City-based Ensign Peak Advisors, to federal regulators — for April, May and June — reveal its account has all but doubled in value since the onset of the COVID-19 pandemic in early 2020. It now holds $58.4 billion and includes nearly $4 billion in an artificial intelligence giant.

That’s the most showing up in the account since 2019, when Ensign Peak first began reporting the once-secret portfolio’s size and holdings to the U.S. Securities and Exchange Commission. Back then, it was value

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