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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
-12.95%
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
$3.99B
AUM Growth
-$1.68B
(-30%)
Cap. Flow
-$1.03B
Cap. Flow
% of AUM
-25.79%
Top 10 Holdings %
Top 10 Hldgs %
68.45%
Holding
132
New
13
Increased
50
Reduced
51
Closed
17
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$51.2M |
| 2 |
CF Industries
CF
|
+$16.7M |
| 3 |
General Dynamics
GD
|
+$13M |
| 4 |
Pilgrim's Pride
PPC
|
+$11.9M |
| 5 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$10.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$406M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$190M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$184M |
| 4 |
State Street Real Estate Select Sector SPDR ETF
XLRE
|
+$115M |
| 5 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$70.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 3.5% |
| 2 | Energy | 3.19% |
| 3 | Healthcare | 2.9% |
| 4 | Consumer Staples | 2.84% |
| 5 | Technology | 2.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Vanguard Value ETF
VTV
$189B
| $519M | 12.99% |
3,934,961
-8,371
| -0.2% | -$1.18M |
|
|
2
State Street Technology Select Sector SPDR ETF
XLK
$115B
| $437M | 10.94% |
6,872,874
+150,742
| +2% | +$10.5M |
|
3
iShares Core S&P 500 ETF
IVV
$876B
| $344M | 8.6% |
906,030
+6,776
| +0.8% | +$2.79M |
|
4
State Street Health Care Select Sector SPDR ETF
XLV
$42.1B
| $295M | 7.4% |
2,303,333
+43,702
| +2% | +$5.73M |
|
5
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
| $254M | 6.37% |
8,091,097
+72,264
| +0.9% | +$2.5M |
|
|
6
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $233M | 5.84% |
618,758
-450,085
| -42% | -$184M |
|
7
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.8B
| $178M | 4.46% |
579,010
+3,855
| +0.7% | +$1.26M |
|
8
iShares Russell 1000 ETF
IWB
$47.7B
| $171M | 4.29% |
824,172
+6,456
| +0.8% | +$1.46M |
|
9
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $153M | 3.83% |
2,119,441
+27,277
| +1% | +$2.05M |
|
10
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
| $149M | 3.72% |
4,154,542
-1,486,556
| -26% | -$59.6M |
|
|
11
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| $127M | 3.17% |
1,448,726
-752,134
| -34% | -$70.9M |
|
12
Invesco S&P 500 Equal Weight ETF
RSP
$96.1B
| $85.9M | 2.15% |
639,741
-85,826
| -12% | -$12.6M |
|
|
13
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
| $49.6M | 1.24% |
+1,415,248
| New | +$51.2M |
|
14
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.4B
| $48.6M | 1.22% |
706,668
+40,638
| +6% | +$3.2M |
|
15
Apple
AAPL
$4.89T
| $33M | 0.83% |
241,004
-6,657
| -3% | -$1.01M |
|
16
Chevron
CVX
$388B
| $30.8M | 0.77% |
212,855
+406
| +0.2% | +$67.1K |
|
17
Alphabet (Google) Class A
GOOGL
$3.91T
| $28.8M | 0.72% |
264,300
-6,140
| -2% | -$723K |
|
18
Microsoft
MSFT
$2.84T
| $28.6M | 0.72% |
111,294
-2,931
| -3% | -$795K |
|
19
Broadcom
AVGO
$1.82T
| $28.2M | 0.71% |
580,790
-4,170
| -0.7% | -$234K |
|
20
Home Depot
HD
$332B
| $23.5M | 0.59% |
85,636
+831
| +1% | +$245K |
|
21
Molson Coors Class B
TAP
$7.68B
| $17.6M | 0.44% |
322,665
+166
| +0.1% | +$8.91K |
|
22
Oneok
OKE
$58.7B
| $17.4M | 0.44% |
313,464
+3,503
| +1% | +$227K |
|
23
UnitedHealth
UNH
$382B
| $16.9M | 0.42% |
32,908
-624
| -2% | -$313K |
|
24
Pfizer
PFE
$140B
| $16.9M | 0.42% |
321,822
-766
| -0.2% | -$39K |
|
25
Archer Daniels Midland
ADM
$41.4B
| $16.4M | 0.41% |
211,152
-2,043
| -1% | -$179K |
|
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Churchill Management's Q2 2022 Portfolio in Review
As of Q2 2022, Churchill Management held 132 positions worth $3.99B, down 30% from $5.67B the previous quarter. Its ten largest holdings account for 68% of the portfolio.
Churchill Management withdrew a net $1.03B in Q2 2022, closing 17 positions and reducing 51 holdings. Its most notable exit was Vanguard S&P 500 ETF, an estimated $406M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 3.5% of assets, up from 2.5% a quarter earlier, followed by Energy and Healthcare.
Against the trend, Churchill Management opened a new position in State Street Utilities Select Sector SPDR ETF worth $49.6M.
- Churchill Management's largest Q2 2022 buy was State Street Utilities Select Sector SPDR ETF: 1,415,248 shares worth $49.6M.
- Churchill Management added most to State Street Technology Select Sector SPDR ETF in Q2 2022, an estimated $10.5M increase.
- Churchill Management's biggest Q2 2022 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $184M.
- Churchill Management fully exited Vanguard S&P 500 ETF in Q2 2022, selling an estimated $406M.
- Churchill Management's ten largest holdings make up 68% of its $3.99B portfolio in Q2 2022.
- Churchill Management opened 13 new positions and closed 17 in Q2 2022.
- Churchill Management's portfolio value fell 30% quarter-over-quarter to $3.99B.
Based on Churchill Management's 13F filing for Q2 2022, filed 8 Jul 2022.