Churchill Management’s State Street Communication Services Select Sector SPDR ETF XLC Stock Holding History

Churchill Management’s Portfolio XLC Stock Details XLC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	$433M	Sell	3,991,642 -27,271	-0.7%	-$2.69M	4.7%	9
2025 Q1	$388M	Sell	4,018,913 -64,420	-2%	-$6.43M	4.92%	10
2024 Q4	$395M	Buy	4,083,333 +936,637	+30%	+$89.3M	4.31%	9
2024 Q3	$284M	Sell	3,146,696 -1,826,827	-37%	-$158M	3.26%	11
2024 Q2	$426M	Buy	4,973,523 +21,956	+0.4%	+$1.81M	5.02%	7
2024 Q1	$404M	Buy	4,951,567 +197,668	+4%	+$15.4M	5.04%	8
2023 Q4	$345M	Sell	4,753,899 -101,657	-2%	-$7M	5.31%	7
2023 Q3	$318M	Buy	4,855,556 +202,371	+4%	+$13.5M	5.38%	9
2023 Q2	$303M	Buy	4,653,185 +1,823,394	+64%	+$111M	5.12%	7
2023 Q1	$164M	Buy	+2,829,791	New	+$154M	3.36%	10
2021 Q4	–	Sell	-2,587,784	Closed	-$207M	–	149
2021 Q3	$207M	Buy	2,587,784 +54,601	+2%	+$4.52M	3.12%	9
2021 Q2	$205M	Buy	2,533,183 +93,464	+4%	+$7.28M	3.02%	11
2021 Q1	$179M	Buy	2,439,719 +138,707	+6%	+$9.87M	2.94%	12
2020 Q4	$155M	Buy	2,301,012 +192,289	+9%	+$12.2M	2.65%	18
2020 Q3	$125M	Sell	2,108,723 -364,891	-15%	-$21.6M	3.08%	13
2020 Q2	$134M	Buy	2,473,614 +60,985	+3%	+$3.13M	4.15%	9
2020 Q1	$107M	Sell	2,412,629 -54,142	-2%	-$2.8M	5.37%	5
2019 Q4	$132M	Buy	2,466,771 +76,659	+3%	+$3.95M	2.52%	11
2019 Q3	$118M	Buy	2,390,112 +96,990	+4%	+$4.86M	3.01%	9
2019 Q2	$113M	Buy	+2,293,122	New	+$111M	3.03%	9

Other funds holding XLC

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $374B AUM 17.66% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $324B AUM 22.36% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $432B AUM 30.22% 1-Year Est. Return

Truist Financial Charlotte, North Carolina $74.2B AUM 21.09% 1-Year Est. Return

Janney Montgomery Scott Philadelphia, Pennsylvania $40.4B AUM 21.2% 1-Year Est. Return

Churchill Management's XLC Position: Q2 2025 in Review

Churchill Management reduced its State Street Communication Services Select Sector SPDR ETF (XLC) stake by 0.68% in Q2 2025, selling an estimated $2.69M and leaving 3,991,642 shares worth $433M. The position accounts for 4.7% of the portfolio, ranked #9.

Churchill Management first reported a position in XLC in Q2 2019 and has held it in 20 quarters since. 1,111 funds tracked by Wall St. Rank hold XLC as of Q2 2025.

Churchill Management held 3,991,642 shares of State Street Communication Services Select Sector SPDR ETF worth $433M as of Q2 2025.
Churchill Management sold 27,271 State Street Communication Services Select Sector SPDR ETF shares in Q2 2025, an estimated $2.69M.
State Street Communication Services Select Sector SPDR ETF made up 4.7% of Churchill Management's portfolio in Q2 2025, its #9 holding.
Churchill Management first reported a position in State Street Communication Services Select Sector SPDR ETF in Q2 2019 and has held it in 20 quarters since.
1,111 funds tracked by Wall St. Rank held State Street Communication Services Select Sector SPDR ETF as of Q2 2025.

Based on Churchill Management's 13F filing for Q2 2025, filed 18 Jul 2025.