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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
+9.17%
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
$5.25B
AUM Growth
+$1.32B
(+34%)
Cap. Flow
+$958M
Cap. Flow
% of AUM
18.23%
Top 10 Holdings %
Top 10 Hldgs %
68.62%
Holding
135
New
27
Increased
44
Reduced
42
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$325M |
| 2 |
Vanguard Information Technology ETF
VGT
|
+$323M |
| 3 |
Vanguard Morningstar Small-Cap ETF
VB
|
+$163M |
| 4 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$92.3M |
| 5 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$89M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$91M |
| 2 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$86.1M |
| 3 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$63.9M |
| 4 |
First Trust Dow Jones Internet Index Fund ETF
FDN
|
+$45.4M |
| 5 |
Adobe
ADBE
|
+$27.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.02% |
| 2 | Financials | 2.92% |
| 3 | Consumer Staples | 2.72% |
| 4 | Consumer Discretionary | 1.95% |
| 5 | Utilities | 1.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
126
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.12B
| – | – |
-337,466
| Closed | -$45.4M |
|
127
GE Aerospace
GE
$374B
| – | – |
-2,734
| Closed | -$122K |
|
128
General Mills
GIS
$19.1B
| – | – |
-42,864
| Closed | -$2.36M |
|
129
Alphabet (Google) Class C
GOOG
$4.36T
| – | – |
-7,500
| Closed | -$457K |
|
130
iShares Expanded Tech-Software Sector ETF
IGV
$12.7B
| – | – |
-568,055
| Closed | -$24.1M |
|
131
Pfizer
PFE
$143B
| – | – |
-22,457
| Closed | -$766K |
|
132
Progressive
PGR
$123B
| – | – |
-171,914
| Closed | -$13.3M |
|
133
T-Mobile US
TMUS
$185B
| – | – |
-31,246
| Closed | -$2.46M |
|
134
Waste Management
WM
$90.6B
| – | – |
-152,639
| Closed | -$17.6M |
|
|
135
State Street Utilities Select Sector SPDR ETF
XLU
$22.8B
| – | – |
-1,974,086
| Closed | -$63.9M |
|
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Churchill Management's Q4 2019 Portfolio in Review
As of Q4 2019, Churchill Management held 135 positions worth $5.25B, up 34% from $3.93B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Churchill Management deployed $958M of net new capital in Q4 2019, opening 27 new positions and adding to 44 existing holdings. Its largest new stake was Vanguard Information Technology ETF: 11,301,336 shares worth $346M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, down from 3.7% a quarter earlier, followed by Financials and Consumer Staples.
On the sell side, the largest reduction was State Street Consumer Discretionary Select Sector SPDR ETF, an estimated $91M trimmed.
- Churchill Management's largest Q4 2019 buy was Vanguard Information Technology ETF: 11,301,336 shares worth $346M.
- Churchill Management added most to Vanguard S&P 500 ETF in Q4 2019, an estimated $325M increase.
- Churchill Management's biggest Q4 2019 reduction was State Street Consumer Discretionary Select Sector SPDR ETF, cutting an estimated $91M.
- Churchill Management fully exited State Street Utilities Select Sector SPDR ETF in Q4 2019, selling an estimated $63.9M.
- Churchill Management's ten largest holdings make up 69% of its $5.25B portfolio in Q4 2019.
- Churchill Management opened 27 new positions and closed 22 in Q4 2019.
- Churchill Management's portfolio value rose 34% quarter-over-quarter to $5.25B.
Based on Churchill Management's 13F filing for Q4 2019, filed 22 Jan 2020.