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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
-12.28%
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
$2.28B
AUM Growth
-$2.33B
(-51%)
Cap. Flow
-$2.01B
Cap. Flow
% of AUM
-88%
Top 10 Holdings %
Top 10 Hldgs %
70.61%
Holding
159
New
32
Increased
35
Reduced
35
Closed
56
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$70.4M |
| 2 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$55.2M |
| 3 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$40.6M |
| 4 |
CenterPoint Energy
CNP
|
+$16.9M |
| 5 |
PepsiCo
PEP
|
+$16.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$346M |
| 2 |
First Trust NYSE Arca Biotechnology Index Fund
FBT
|
+$346M |
| 3 |
iShares Russell 2000 Growth ETF
IWO
|
+$306M |
| 4 |
Vanguard Information Technology ETF
VGT
|
+$303M |
| 5 |
Vanguard Financials ETF
VFH
|
+$233M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 4.56% |
| 2 | Healthcare | 4.45% |
| 3 | Technology | 4.42% |
| 4 | Utilities | 3.77% |
| 5 | Financials | 3.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $358M | 15.69% |
1,432,926
+260,952
| +22% | +$70.4M |
|
2
iShares Russell 1000 Growth ETF
IWF
$122B
| $283M | 12.41% |
8,654,456
-55,336
| -0.6% | -$1.95M |
|
3
iShares S&P 500 Growth ETF
IVW
$72.5B
| $275M | 12.04% |
7,291,332
-59,640
| -0.8% | -$2.41M |
|
4
State Street Technology Select Sector SPDR ETF
XLK
$115B
| $228M | 10% |
7,363,120
+17,154
| +0.2% | +$580K |
|
|
5
State Street Health Care Select Sector SPDR ETF
XLV
$42.1B
| $163M | 7.16% |
1,887,909
+609,644
| +48% | +$55.2M |
|
6
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.4B
| $138M | 6.06% |
2,794,842
-7,208
| -0.3% | -$381K |
|
7
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $72.5M | 3.18% |
1,428,212
-4,592
| -0.3% | -$249K |
|
|
8
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
| $39.6M | 1.73% |
+1,495,186
| New | +$40.6M |
|
9
Home Depot
HD
$332B
| $28.1M | 1.23% |
163,423
-6,146
| -4% | -$1.1M |
|
10
Amgen
AMGN
$203B
| $25.2M | 1.1% |
129,319
+37,387
| +41% | +$7.29M |
|
11
Boeing
BA
$165B
| $21.9M | 0.96% |
67,870
+6,552
| +11% | +$2.26M |
|
12
Republic Services
RSG
$66.7B
| $21.8M | 0.96% |
302,426
-29,700
| -9% | -$2.17M |
|
13
Broadcom
AVGO
$1.82T
| $20.4M | 0.89% |
800,570
+517,860
| +183% | +$12.2M |
|
14
Waste Management
WM
$95.9B
| $17.4M | 0.76% |
195,223
-19,877
| -9% | -$1.78M |
|
|
15
CenterPoint Energy
CNP
$29.1B
| $17.1M | 0.75% |
+606,660
| New | +$16.9M |
|
16
Old Republic International
ORI
$10.3B
| $16.7M | 0.73% |
812,249
-59,195
| -7% | -$1.27M |
|
17
NextEra Energy
NEE
$187B
| $16.2M | 0.71% |
372,548
-32,336
| -8% | -$1.41M |
|
18
FirstEnergy
FE
$28.9B
| $16M | 0.7% |
+427,144
| New | +$16.2M |
|
|
19
PepsiCo
PEP
$186B
| $15.9M | 0.69% |
+143,516
| New | +$16.2M |
|
20
Oneok
OKE
$58.7B
| $15.7M | 0.69% |
290,363
-28,540
| -9% | -$1.77M |
|
21
Amazon
AMZN
$2.5T
| $15.6M | 0.68% |
208,100
+4,820
| +2% | +$401K |
|
22
Paychex
PAYX
$40.4B
| $15.6M | 0.68% |
239,414
-15,751
| -6% | -$1.07M |
|
23
Dominion Energy
D
$62.5B
| $15.3M | 0.67% |
+214,567
| New | +$15.7M |
|
24
MetLife
MET
$61B
| $15M | 0.66% |
+366,309
| New | +$15.7M |
|
25
Lockheed Martin
LMT
$134B
| $15M | 0.66% |
57,428
-11,700
| -17% | -$3.55M |
|
Similar funds
CWM
CIA
AWS
FHA
MME
MC
NFC
WBA
Churchill Management's Q4 2018 Portfolio in Review
As of Q4 2018, Churchill Management held 159 positions worth $2.28B, down 51% from $4.61B the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Churchill Management withdrew a net $2.01B in Q4 2018, closing 56 positions and reducing 35 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $346M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 4.6% of assets, up from 4.2% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Churchill Management opened a new position in State Street Utilities Select Sector SPDR ETF worth $39.6M.
- Churchill Management's largest Q4 2018 buy was State Street Utilities Select Sector SPDR ETF: 1,495,186 shares worth $39.6M.
- Churchill Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2018, an estimated $70.4M increase.
- Churchill Management's biggest Q4 2018 reduction was Vanguard S&P 500 ETF, cutting an estimated $5.08M.
- Churchill Management fully exited Invesco QQQ Trust in Q4 2018, selling an estimated $346M.
- Churchill Management's ten largest holdings make up 71% of its $2.28B portfolio in Q4 2018.
- Churchill Management opened 32 new positions and closed 56 in Q4 2018.
- Churchill Management's portfolio value fell 51% quarter-over-quarter to $2.28B.
Based on Churchill Management's 13F filing for Q4 2018, filed 15 Jan 2019.