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Churchill Management Portfolio holdings
AUM
$9.21B
1-Year Est. Return
19.91%
This Fund
S&P 500
This Quarter
Est. Return
+3.86%
1 Year Est. Return
+19.91%
3 Year Est. Return
+84.39%
5 Year Est. Return
+162.19%
10 Year Est. Return
+484.01%
AUM
$3B
AUM Growth
+$556M
(+23%)
Cap. Flow
+$470M
Cap. Flow
% of AUM
15.66%
Top 10 Holdings %
Top 10 Hldgs %
68.86%
Holding
121
New
20
Increased
38
Reduced
49
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$231M |
| 2 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$217M |
| 3 |
State Street Materials Select Sector SPDR ETF
XLB
|
+$40.6M |
| 4 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$38.1M |
| 5 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$37.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$62M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$42.5M |
| 3 |
RAI
Reynolds American Inc
RAI
|
+$25.8M |
| 4 |
Altria Group
MO
|
+$21.2M |
| 5 |
Ameren
AEE
|
+$20.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 5.29% |
| 2 | Consumer Discretionary | 3.83% |
| 3 | Industrials | 3.77% |
| 4 | Communication Services | 3.62% |
| 5 | Utilities | 2.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
O'Reilly Automotive
ORLY
$75.1B
| $1.56M | 0.05% |
84,045
-14,190
| -14% | -$259K |
|
102
Netflix
NFLX
$307B
| $1.49M | 0.05% |
+120,330
| New | +$1.43M |
|
|
MRSH
103
Marsh
MRSH
$94.3B
| $1.33M | 0.04% |
19,623
-2,111
| -10% | -$142K |
|
104
Delta Air Lines
DAL
$56.7B
| $928K | 0.03% |
+18,871
| New | +$860K |
|
105
Microsoft
MSFT
$2.9T
| $806K | 0.03% |
12,967
+2,165
| +20% | +$130K |
|
106
Procter & Gamble
PG
$340B
| $616K | 0.02% |
7,329
-617
| -8% | -$52.6K |
|
107
iShares Core S&P 500 ETF
IVV
$858B
| $215K | 0.01% |
+954
| New | +$210K |
|
|
108
Ameren
AEE
$30.4B
| – | – |
-408,588
| Closed | -$20.1M |
|
109
Caterpillar
CAT
$361B
| – | – |
-3,412
| Closed | -$303K |
|
110
Charter Communications
CHTR
$17.3B
| – | – |
-5,737
| Closed | -$1.55M |
|
111
CMS Energy
CMS
$23.3B
| – | – |
-61,415
| Closed | -$2.58M |
|
|
DHC
112
Diversified Healthcare Trust
DHC
$2.15B
| – | – |
-114,638
| Closed | -$2.6M |
|
113
iShares MSCI Emerging Markets ETF
EEM
$27.5B
| – | – |
-101,410
| Closed | -$3.8M |
|
114
Honeywell
HON
$76.4B
| – | – |
-63,869
| Closed | -$6.69M |
|
115
Johnson & Johnson
JNJ
$640B
| – | – |
-160,375
| Closed | -$18.9M |
|
116
Masco
MAS
$14.3B
| – | – |
-21,211
| Closed | -$728K |
|
117
NNN REIT
NNN
$9.29B
| – | – |
-379,396
| Closed | -$19.3M |
|
118
Thermo Fisher Scientific
TMO
$214B
| – | – |
-29,046
| Closed | -$4.62M |
|
119
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.72B
| – | – |
-73,177
| Closed | -$2.4M |
|
|
120
State Street Health Care Select Sector SPDR ETF
XLV
$42.9B
| – | – |
-859,320
| Closed | -$62M |
|
|
RAI
121
DELISTED
Reynolds American Inc
RAI
| – | – |
-548,219
| Closed | -$25.8M |
|
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Churchill Management's Q4 2016 Portfolio in Review
As of Q4 2016, Churchill Management held 121 positions worth $3B, up 23% from $2.45B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Churchill Management deployed $470M of net new capital in Q4 2016, opening 20 new positions and adding to 38 existing holdings. Its largest new stake was State Street Materials Select Sector SPDR ETF: 1,674,288 shares worth $41.6M.
By sector, the portfolio is most concentrated in Financials at 5.3% of assets, up from 4.9% a quarter earlier, followed by Consumer Discretionary and Industrials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $42.5M trimmed.
- Churchill Management's largest Q4 2016 buy was State Street Materials Select Sector SPDR ETF: 1,674,288 shares worth $41.6M.
- Churchill Management added most to Invesco QQQ Trust in Q4 2016, an estimated $231M increase.
- Churchill Management's biggest Q4 2016 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $42.5M.
- Churchill Management fully exited State Street Health Care Select Sector SPDR ETF in Q4 2016, selling an estimated $62M.
- Churchill Management's ten largest holdings make up 69% of its $3B portfolio in Q4 2016.
- Churchill Management opened 20 new positions and closed 14 in Q4 2016.
- Churchill Management's portfolio value rose 23% quarter-over-quarter to $3B.
Based on Churchill Management's 13F filing for Q4 2016, filed 9 Jan 2017.