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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
-2.76%
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
$5.92B
AUM Growth
-$2.69M
(-0.05%)
Cap. Flow
+$189M
Cap. Flow
% of AUM
3.19%
Top 10 Holdings %
Top 10 Hldgs %
63.23%
Holding
176
New
37
Increased
22
Reduced
93
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Trust Dow Jones Internet Index Fund ETF
FDN
|
+$361M |
| 2 |
State Street Materials Select Sector SPDR ETF
XLB
|
+$67.6M |
| 3 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$53.7M |
| 4 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$51.7M |
| 5 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$28.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$190M |
| 2 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$60.8M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$53.3M |
| 4 |
DXC Technology
DXC
|
+$14.3M |
| 5 |
Johnson Controls International
JCI
|
+$14M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.8% |
| 2 | Energy | 2.41% |
| 3 | Consumer Discretionary | 1.83% |
| 4 | Healthcare | 1.59% |
| 5 | Financials | 1.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Kraft Heinz
KHC
$29.6B
| – | – |
-191,095
| Closed | -$6.78M |
|
152
Lamb Weston
LW
$7.16B
| – | – |
-115,196
| Closed | -$13.2M |
|
153
Merck
MRK
$317B
| – | – |
-108,067
| Closed | -$12.5M |
|
154
Newmont
NEM
$111B
| – | – |
-165,669
| Closed | -$7.07M |
|
155
Northrop Grumman
NOC
$80.7B
| – | – |
-3,851
| Closed | -$1.76M |
|
|
RA
156
Brookfield Real Assets Income Fund
RA
$706M
| – | – |
-14,769
| Closed | -$248K |
|
|
RWT
157
Redwood Trust
RWT
$573M
| – | – |
-31,800
| Closed | -$203K |
|
|
SCHW
158
Charles Schwab
SCHW
$187B
| – | – |
-159,036
| Closed | -$9.01M |
|
159
Vanguard FTSE Europe ETF
VGK
$31.1B
| – | – |
-182,309
| Closed | -$11.2M |
|
160
Wells Fargo
WFC
$265B
| – | – |
-289,331
| Closed | -$12.3M |
|
161
W.P. Carey
WPC
$16.4B
| – | – |
-3,632
| Closed | -$240K |
|
|
TRTN
162
DELISTED
Triton International Limited
TRTN
| – | – |
-138,769
| Closed | -$11.6M |
|
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Churchill Management's Q3 2023 Portfolio in Review
As of Q3 2023, Churchill Management held 176 positions worth $5.92B, down 0.05% from $5.92B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Churchill Management deployed $189M of net new capital in Q3 2023, opening 37 new positions and adding to 22 existing holdings. Its largest new stake was First Trust Dow Jones Internet Index Fund ETF: 2,170,857 shares worth $346M.
By sector, the portfolio is most concentrated in Technology at 3.8% of assets, down from 4.1% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was State Street Consumer Staples Select Sector SPDR ETF, an estimated $60.8M trimmed.
- Churchill Management's largest Q3 2023 buy was First Trust Dow Jones Internet Index Fund ETF: 2,170,857 shares worth $346M.
- Churchill Management added most to State Street Consumer Discretionary Select Sector SPDR ETF in Q3 2023, an estimated $53.7M increase.
- Churchill Management's biggest Q3 2023 reduction was State Street Consumer Staples Select Sector SPDR ETF, cutting an estimated $60.8M.
- Churchill Management fully exited iShares MSCI EAFE ETF in Q3 2023, selling an estimated $190M.
- Churchill Management's ten largest holdings make up 63% of its $5.92B portfolio in Q3 2023.
- Churchill Management opened 37 new positions and closed 23 in Q3 2023.
- Churchill Management's portfolio value fell 0.05% quarter-over-quarter to $5.92B.
Based on Churchill Management's 13F filing for Q3 2023, filed 12 Oct 2023.