Churchill Management Portfolio holdings

AUM $7.88B

This Quarter Return

-3.24%

1 Year Return

+10.03%

3 Year Return

+41.46%

5 Year Return

+186.33%

10 Year Return

+421.06%

AUM

$7.88B

AUM Growth

-$1.28B (-14%)

Cap. Flow

-$859M

Cap. Flow % of AUM

-10.9%

Top 10 Holdings %Top 10 Hldgs %

67.33%

Holding

185

New

Increased

Reduced

Closed

Top Buys

1	Consumers Staples Select Sector SPDR Fund XLP	$190M
2	iShares Core S&P US Value ETF IUSV	$173M
3	Health Care Select Sector SPDR Fund XLV	$107M
4	CrowdStrike CRWD	$19.5M
5	Wells Fargo WFC	$18M

Top Sells

1	Fidelity MSCI Information Technology Index ETF FTEC	$239M
2	Invesco QQQ Trust QQQ	$227M
3	Avantis US Small Cap Value ETF AVUV	$218M
4	iShares Russell 2000 Growth ETF IWO	$186M
5	Technology Select Sector SPDR Fund XLK	$106M

Sector Composition

1	Technology	3.56%
2	Financials	2.82%
3	Healthcare	1.87%
4	Communication Services	1.43%
5	Consumer Discretionary	1.11%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Technology Select Sector SPDR Fund XLK $81B	$954M	12.1%	4,619,895 -513,853	-10%	-$106M
2	2 Invesco QQQ Trust QQQ $355B	$636M	8.07%	1,356,746 -483,279	-26%	-$227M
3	3 SPDR S&P 500 ETF Trust SPY $641B	$585M	7.42%	1,045,562 -6,759	-0.6%	-$3.78M
4	4 Financial Select Sector SPDR Fund XLF $50.3B	$504M	6.39%	10,112,436 -203,862	-2%	-$10.2M
5	5 iShares Russell 1000 Growth ETF IWF $113B	$499M	6.33%	1,382,503 -3,553	-0.3%	-$1.28M
6	6 iShares Core S&P 500 ETF IVV $628B	$463M	5.87%	823,252 +988	+0.1%	+$555K
7	7 Vanguard S&P 500 ETF VOO $686B	$446M	5.65%	866,949 -7,703	-0.9%	-$3.96M
8	8 Vanguard Value ETF VTV $138B	$442M	5.6%	2,557,100 -5,848	-0.2%	-$1.01M
9	9 Health Care Select Sector SPDR Fund XLV $33.8B	$393M	4.98%	2,690,451 +734,546	+38%	+$107M
10	10 The Communication Services Select Sector SPDR Fund XLC $23.7B	$388M	4.92%	4,018,913 -64,420	-2%	-$6.21M
11	11 iShares Russell 1000 ETF IWB $41.1B	$243M	3.08%	792,824 +1,891	+0.2%	+$580K
12	12 Industrial Select Sector SPDR Fund XLI $22.1B	$225M	2.85%	1,717,374 -788,949	-31%	-$103M
13	13 SPDR Dow Jones Industrial Average ETF Trust DIA $39B	$223M	2.83%	531,476 -6,409	-1%	-$2.69M
14	14 Consumer Discretionary Select Sector SPDR Fund XLY $22.4B	$199M	2.52%	1,006,297 -531,612	-35%	-$105M
15	15 Consumers Staples Select Sector SPDR Fund XLP $15.8B	$190M	2.41%	+2,322,253	New	+$190M
16	16 iShares Core S&P US Value ETF IUSV $21B	$173M	2.2%	+1,877,261	New	+$173M
17	17 Utilities Select Sector SPDR Fund XLU $19.6B	$77M	0.98%	975,982 -3,515	-0.4%	-$277K
18	18 Apple AAPL $3.13T	$50.2M	0.64%	225,774 +2,836	+1%	+$630K
19	19 Broadcom AVGO $1.3T	$49.8M	0.63%	297,259 -63,077	-18%	-$10.6M
20	20 NVIDIA NVDA $4.15T	$40.3M	0.51%	372,265 -56,070	-13%	-$6.08M
21	21 Microsoft MSFT $3.74T	$38.3M	0.49%	102,062 -6,202	-6%	-$2.33M
22	22 Cardinal Health CAH $38.4B	$33.3M	0.42%	241,839 +1,417	+0.6%	+$195K
23	23 Alphabet (Google) Class A GOOGL $2.22T	$30.9M	0.39%	199,599 -26,788	-12%	-$4.14M
24	24 Netflix NFLX $537B	$30.8M	0.39%	33,027 -489	-1%	-$456K
25	25 Oneok OKE $49.8B	$28M	0.35%	281,979 +264	+0.1%	+$26.2K