Churchill Management’s Vanguard Financials ETF VFH Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-3,353,307	Closed	-$233M	–	145
2018 Q3	$233M	Buy	3,353,307 +200,689	+6%	+$13.9M	5.04%	9
2018 Q2	$213M	Buy	3,152,618 +200,199	+7%	+$13.5M	5.66%	7
2018 Q1	$205M	Buy	+2,952,419	New	+$205M	5.95%	7