Posted by:
dp
(
)
Date: May 24, 2021 12:59PM
Well.....kind of...
A more accurate statement would be that the value of their stock holdings in GameStop increased by millions. Whether or not they "made" money would depend on if and when they sold the stock.
As I mentioned in a similar article I found and posted here last week (https://www.exmormon.org/phorum/read.php?2,2377078), Ensign Peak Advisors, Inc. recently posted their "13F" documents with the SEC (https://www.sec.gov/edgar/browse/?CIK=1454984). These types of documents detail an organization's stock holdings and value as of a given point in time.
I'm not financially versed enough to know when the shares of stock would have been acquired (obligatory "this is not financial advice", yada yada), but I do know the reports also don't indicate if the organization has sold the shares since the date of the report. So, it's possible TSCC (through their Ensign Peak Advisors arm) has simply sat on the stock, and are still holding, but had they sold recently after the report date when the value was so high, they would have made a pretty penny!
Here are the relevant bits from those postings - the most recent (which looks to be Q1 2021) and one prior (maybe Q4 2020). Focus on column's 4 and 5 (sorry about the formatting too; I don't know how or if it's possible to make it look better on this forum):
---
> COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
> . . . VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
> NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
> GameStop Corp CL A 36467W109 867 46,000 SH SOLE 46,000 0 0
> GameStop Corp CL A 36467W109 8,732 46,000 SH SOLE 46,000 0 0
>
>
>
> row 1 - from
https://www.sec.gov/Archives/edgar/data/1454984/000145498421000003/xslForm13F_X01/ensignpeak201231.xml> row 2 - from
https://www.sec.gov/Archives/edgar/data/1454984/000145498421000004/xslForm13F_X01/ensignpeak210331.xml---
Forty-Six Thousand Shares of GameStop! Jesus loves video games! (Or something...) But who wouldn't want to see their position go from $867,000 to $8,732,000 in a quarter?!
This is all particularly relevant because of the social-media noise going on about GameStop's stock ($GME) and all the related shenanigans going on in the stock market at large. It's not over yet! (Repetition of "this is not financial advice...I'm not a qualified financial advisor...etc.) The shenanigans, some of which are eerily similar to the lead-up to the 2008 crash, continue. $GME is a focal point because of allegations of massive amounts of "naked short selling" of that stock, which is an ethically dubious manipulation of stock prices. (Sorry, can't explain it well; you'll have to look that one up, since it's a concept I barely grasp myself.)