Churchill Management’s iShares US Aerospace & Defense ETF ITA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-1,556,356	Closed	-$83.9M	–	182
2014 Q2	$83.9M	Buy	1,556,356 +1,295,388	+496%	+$69.8M	3.79%	10
2014 Q1	$14.2M	Buy	+260,968	New	+$14.2M	0.56%	24