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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
-14.25%
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
$1.99B
AUM Growth
-$3.27B
(-62%)
Cap. Flow
-$2.89B
Cap. Flow
% of AUM
-145.63%
Top 10 Holdings %
Top 10 Hldgs %
68.13%
Holding
136
New
23
Increased
13
Reduced
47
Closed
53
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$45.2M |
| 2 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$34.5M |
| 3 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$28M |
| 4 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$25.8M |
| 5 |
Sysco
SYY
|
+$21M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$681M |
| 2 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$389M |
| 3 |
iShares Russell 1000 Growth ETF
IWF
|
+$367M |
| 4 |
Vanguard S&P 500 ETF
VOO
|
+$353M |
| 5 |
Vanguard Information Technology ETF
VGT
|
+$346M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.43% |
| 2 | Consumer Staples | 6.07% |
| 3 | Healthcare | 5.22% |
| 4 | Utilities | 2.97% |
| 5 | Consumer Discretionary | 2.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
TransDigm Group
TDG
$67.7B
| – | – |
-19,075
| Closed | -$10.7M |
|
127
Vanguard Morningstar Small-Cap ETF
VB
$82.4B
| – | – |
-1,025,455
| Closed | -$170M |
|
|
128
Vanguard Information Technology ETF
VGT
$149B
| – | – |
-11,301,336
| Closed | -$346M |
|
129
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| – | – |
-629,300
| Closed | -$28M |
|
|
130
Vanguard S&P 500 ETF
VOO
$1.01T
| – | – |
-1,193,318
| Closed | -$353M |
|
131
Vertex Pharmaceuticals
VRTX
$126B
| – | – |
-104,350
| Closed | -$22.8M |
|
132
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
| – | – |
-3,143,236
| Closed | -$96.7M |
|
133
State Street Industrial Select Sector SPDR ETF
XLI
$33.7B
| – | – |
-778,820
| Closed | -$63.5M |
|
|
WRK
134
DELISTED
WestRock Company
WRK
| – | – |
-317,139
| Closed | -$13.6M |
|
|
ISBC
135
DELISTED
Investors Bancorp, Inc.
ISBC
| – | – |
-391,063
| Closed | -$4.66M |
|
|
PBCT
136
DELISTED
People's United Financial Inc
PBCT
| – | – |
-242,119
| Closed | -$4.09M |
|
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Churchill Management's Q1 2020 Portfolio in Review
As of Q1 2020, Churchill Management held 136 positions worth $1.99B, down 62% from $5.25B the previous quarter. Its ten largest holdings account for 68% of the portfolio.
Churchill Management withdrew a net $2.89B in Q1 2020, closing 53 positions and reducing 47 holdings. Its most notable exit was State Street SPDR Dow Jones Industrial Average ETF Trust, an estimated $389M position sold in full.
By sector, the portfolio is most concentrated in Technology at 6.4% of assets, up from 3% a quarter earlier, followed by Consumer Staples and Healthcare.
Against the trend, Churchill Management opened a new position in State Street Utilities Select Sector SPDR ETF worth $39.1M.
- Churchill Management's largest Q1 2020 buy was State Street Utilities Select Sector SPDR ETF: 1,412,992 shares worth $39.1M.
- Churchill Management added most to State Street Consumer Discretionary Select Sector SPDR ETF in Q1 2020, an estimated $34.5M increase.
- Churchill Management's biggest Q1 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $681M.
- Churchill Management fully exited State Street SPDR Dow Jones Industrial Average ETF Trust in Q1 2020, selling an estimated $389M.
- Churchill Management's ten largest holdings make up 68% of its $1.99B portfolio in Q1 2020.
- Churchill Management opened 23 new positions and closed 53 in Q1 2020.
- Churchill Management's portfolio value fell 62% quarter-over-quarter to $1.99B.
Based on Churchill Management's 13F filing for Q1 2020, filed 9 Apr 2020.