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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
+1.21%
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
$3.45B
AUM Growth
-$1.11B
(-24%)
Cap. Flow
-$1.17B
Cap. Flow
% of AUM
-33.88%
Top 10 Holdings %
Top 10 Hldgs %
67.9%
Holding
153
New
27
Increased
44
Reduced
55
Closed
27
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Financials ETF
VFH
|
+$213M |
| 2 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$132M |
| 3 |
Oneok
OKE
|
+$20.8M |
| 4 |
FNB Corp
FNB
|
+$20.5M |
| 5 |
Amgen
AMGN
|
+$18.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$386M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$301M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$234M |
| 4 |
iShares Biotechnology ETF
IBB
|
+$192M |
| 5 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 5.53% |
| 2 | Industrials | 4.55% |
| 3 | Consumer Discretionary | 3.26% |
| 4 | Energy | 2.54% |
| 5 | Technology | 2.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.8B
| $417M | 12.09% |
1,725,436
-623,287
| -27% | -$157M |
|
|
2
Invesco QQQ Trust
QQQ
$455B
| $318M | 9.22% |
1,984,576
-1,821,088
| -48% | -$301M |
|
3
iShares Russell 1000 Growth ETF
IWF
$122B
| $280M | 8.14% |
8,238,508
+214,408
| +3% | +$7.52M |
|
4
iShares S&P 500 Growth ETF
IVW
$72.5B
| $270M | 7.84% |
6,964,776
+168,488
| +2% | +$6.72M |
|
5
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $264M | 7.66% |
1,002,592
+54,319
| +6% | +$14.8M |
|
6
State Street Technology Select Sector SPDR ETF
XLK
$115B
| $218M | 6.34% |
6,672,924
+399,428
| +6% | +$13.4M |
|
|
7
Vanguard Financials ETF
VFH
$13.3B
| $205M | 5.95% |
+2,952,419
| New | +$213M |
|
8
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
| $140M | 4.05% |
5,065,014
+218,437
| +5% | +$6.29M |
|
|
9
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.4B
| $129M | 3.73% |
+2,540,378
| New | +$132M |
|
10
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| $99.1M | 2.88% |
1,334,555
+69,843
| +6% | +$5.38M |
|
11
First Trust Dow Jones Internet Index Fund ETF
FDN
$4.86B
| $73.1M | 2.12% |
606,738
-756,633
| -55% | -$91.6M |
|
12
State Street Materials Select Sector SPDR ETF
XLB
$8.51B
| $63.9M | 1.85% |
2,243,050
+119,012
| +6% | +$3.61M |
|
13
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.8B
| $39.7M | 1.15% |
298,495
-9,496
| -3% | -$1.3M |
|
14
Amazon
AMZN
$2.5T
| $35.9M | 1.04% |
496,620
-7,340
| -1% | -$525K |
|
15
Home Depot
HD
$332B
| $32.2M | 0.93% |
180,426
-3,517
| -2% | -$660K |
|
16
Marathon Petroleum
MPC
$90.3B
| $27.4M | 0.79% |
374,088
+75,764
| +25% | +$5.22M |
|
17
Lockheed Martin
LMT
$134B
| $25.8M | 0.75% |
76,347
-2,853
| -4% | -$971K |
|
18
Netflix
NFLX
$292B
| $25.7M | 0.75% |
871,460
-924,070
| -51% | -$25.2M |
|
19
Republic Services
RSG
$66.7B
| $24.4M | 0.71% |
368,029
-14,586
| -4% | -$978K |
|
20
AbbVie
ABBV
$458B
| $23.5M | 0.68% |
248,704
-13,833
| -5% | -$1.52M |
|
|
21
Vanguard S&P 500 ETF
VOO
$968B
| $22.7M | 0.66% |
93,900
-1,539,867
| -94% | -$386M |
|
22
Intel
INTC
$466B
| $22.4M | 0.65% |
430,649
-13,489
| -3% | -$641K |
|
23
Boeing
BA
$165B
| $21.5M | 0.62% |
65,485
-946
| -1% | -$320K |
|
|
PBCT
24
DELISTED
People's United Financial Inc
PBCT
| $21.1M | 0.61% |
1,132,417
-46,322
| -4% | -$900K |
|
25
Old Republic International
ORI
$10.3B
| $21M | 0.61% |
978,483
-36,859
| -4% | -$765K |
|
Similar funds
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FHA
MME
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NFC
WBA
Churchill Management's Q1 2018 Portfolio in Review
As of Q1 2018, Churchill Management held 153 positions worth $3.45B, down 24% from $4.56B the previous quarter. Its ten largest holdings account for 68% of the portfolio.
Churchill Management withdrew a net $1.17B in Q1 2018, closing 27 positions and reducing 55 holdings. Its most notable exit was iShares Biotechnology ETF, an estimated $192M position sold in full.
By sector, the portfolio is most concentrated in Financials at 5.5% of assets, up from 3.5% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Churchill Management opened a new position in Vanguard Financials ETF worth $205M.
- Churchill Management's largest Q1 2018 buy was Vanguard Financials ETF: 2,952,419 shares worth $205M.
- Churchill Management added most to State Street SPDR S&P 500 ETF Trust in Q1 2018, an estimated $14.8M increase.
- Churchill Management's biggest Q1 2018 reduction was Vanguard S&P 500 ETF, cutting an estimated $386M.
- Churchill Management fully exited iShares Biotechnology ETF in Q1 2018, selling an estimated $192M.
- Churchill Management's ten largest holdings make up 68% of its $3.45B portfolio in Q1 2018.
- Churchill Management opened 27 new positions and closed 27 in Q1 2018.
- Churchill Management's portfolio value fell 24% quarter-over-quarter to $3.45B.
Based on Churchill Management's 13F filing for Q1 2018, filed 13 Apr 2018.