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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
-3.24%
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
$7.88B
AUM Growth
-$1.28B
(-14%)
Cap. Flow
-$933M
Cap. Flow
% of AUM
-11.84%
Top 10 Holdings %
Top 10 Hldgs %
67.33%
Holding
185
New
21
Increased
45
Reduced
76
Closed
29
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$185M |
| 2 |
iShares Core S&P US Value ETF
IUSV
|
+$176M |
| 3 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$107M |
| 4 |
CrowdStrike
CRWD
|
+$21M |
| 5 |
Wells Fargo
WFC
|
+$18.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$246M |
| 2 |
Fidelity MSCI Information Technology Index ETF
FTEC
|
+$239M |
| 3 |
Avantis US Small Cap Value ETF
AVUV
|
+$218M |
| 4 |
iShares Russell 2000 Growth ETF
IWO
|
+$205M |
| 5 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$117M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.56% |
| 2 | Financials | 2.82% |
| 3 | Healthcare | 1.88% |
| 4 | Communication Services | 1.43% |
| 5 | Consumer Discretionary | 1.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street Technology Select Sector SPDR ETF
XLK
$115B
| $954M | 12.1% |
9,239,790
-1,027,706
| -10% | -$117M |
|
|
2
Invesco QQQ Trust
QQQ
$455B
| $636M | 8.07% |
1,356,746
-483,279
| -26% | -$246M |
|
3
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $585M | 7.42% |
1,045,562
-6,759
| -0.6% | -$3.97M |
|
4
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
| $504M | 6.39% |
10,112,436
-203,862
| -2% | -$10.2M |
|
5
iShares Russell 1000 Growth ETF
IWF
$122B
| $499M | 6.33% |
5,530,012
-14,212
| -0.3% | -$1.4M |
|
6
iShares Core S&P 500 ETF
IVV
$876B
| $463M | 5.87% |
823,252
+988
| +0.1% | +$583K |
|
7
Vanguard S&P 500 ETF
VOO
$968B
| $446M | 5.65% |
866,949
-7,703
| -0.9% | -$4.16M |
|
8
Vanguard Value ETF
VTV
$189B
| $442M | 5.6% |
2,557,100
-5,848
| -0.2% | -$1.02M |
|
|
9
State Street Health Care Select Sector SPDR ETF
XLV
$42.1B
| $393M | 4.98% |
2,690,451
+734,546
| +38% | +$107M |
|
10
State Street Communication Services Select Sector SPDR ETF
XLC
$21.9B
| $388M | 4.92% |
4,018,913
-64,420
| -2% | -$6.43M |
|
11
iShares Russell 1000 ETF
IWB
$47.7B
| $243M | 3.08% |
792,824
+1,891
| +0.2% | +$611K |
|
12
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| $225M | 2.86% |
1,717,374
-788,949
| -31% | -$107M |
|
13
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.8B
| $223M | 2.83% |
531,476
-6,409
| -1% | -$2.77M |
|
14
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.4B
| $199M | 2.52% |
2,012,594
-1,063,224
| -35% | -$115M |
|
|
15
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $190M | 2.41% |
+2,322,253
| New | +$185M |
|
|
16
iShares Core S&P US Value ETF
IUSV
$27.2B
| $173M | 2.2% |
+1,877,261
| New | +$176M |
|
17
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
| $77M | 0.98% |
1,951,964
-7,030
| -0.4% | -$275K |
|
18
Apple
AAPL
$4.89T
| $50.2M | 0.64% |
225,774
+2,836
| +1% | +$657K |
|
19
Broadcom
AVGO
$1.82T
| $49.8M | 0.63% |
297,259
-63,077
| -18% | -$13.3M |
|
20
NVIDIA
NVDA
$5.01T
| $40.3M | 0.51% |
372,265
-56,070
| -13% | -$7.11M |
|
21
Microsoft
MSFT
$2.84T
| $38.3M | 0.49% |
102,062
-6,202
| -6% | -$2.53M |
|
22
Cardinal Health
CAH
$53.4B
| $33.3M | 0.42% |
241,839
+1,417
| +0.6% | +$181K |
|
23
Alphabet (Google) Class A
GOOGL
$3.91T
| $30.9M | 0.39% |
199,599
-26,788
| -12% | -$4.86M |
|
24
Netflix
NFLX
$292B
| $30.8M | 0.39% |
330,270
-4,890
| -1% | -$465K |
|
25
Oneok
OKE
$58.7B
| $28M | 0.35% |
281,979
+264
| +0.1% | +$26.2K |
|
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CWM
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AWS
FHA
MME
MC
NFC
WBA
Churchill Management's Q1 2025 Portfolio in Review
As of Q1 2025, Churchill Management held 185 positions worth $7.88B, down 14% from $9.16B the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Churchill Management withdrew a net $933M in Q1 2025, closing 29 positions and reducing 76 holdings. Its most notable exit was Fidelity MSCI Information Technology Index ETF, an estimated $239M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3.6% of assets, down from 4.2% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Churchill Management opened a new position in State Street Consumer Staples Select Sector SPDR ETF worth $190M.
- Churchill Management's largest Q1 2025 buy was State Street Consumer Staples Select Sector SPDR ETF: 2,322,253 shares worth $190M.
- Churchill Management added most to State Street Health Care Select Sector SPDR ETF in Q1 2025, an estimated $107M increase.
- Churchill Management's biggest Q1 2025 reduction was Invesco QQQ Trust, cutting an estimated $246M.
- Churchill Management fully exited Fidelity MSCI Information Technology Index ETF in Q1 2025, selling an estimated $239M.
- Churchill Management's ten largest holdings make up 67% of its $7.88B portfolio in Q1 2025.
- Churchill Management opened 21 new positions and closed 29 in Q1 2025.
- Churchill Management's portfolio value fell 14% quarter-over-quarter to $7.88B.
Based on Churchill Management's 13F filing for Q1 2025, filed 25 Apr 2025.