CHURCHILL MANAGEMENT Corp

Name: CHURCHILL MANAGEMENT Corp 13F holdings, Q2 2024
Creator: CHURCHILL MANAGEMENT Corp
Published: 2024-07-22

Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 22, 2024), CHURCHILL MANAGEMENT Corp reported 163 stock positions worth $8.5 billion. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 12.7% of the portfolio, followed by SS Technology Select Sector (XLK, 11.5%) and SS SPDR S&P 500 ETF Trust-US (SPY, 7.6%). Compared with Q1 2024, it opened 19 new positions, sold out of 19, added to 44 and reduced 87. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +22%) and the biggest sale SS Technology Select Sector (XLK, shares −14%).

Most Recent 13F: Q2 2025
Location: Los Angeles, CA
CIK: 0001094749
Portfolio Value: $8.5B (Q2 2024)
SEC Filing: 0000935836-24-000489 ↗ filed Jul 22, 2024

Holdings Value

Holdings 163 stocks · $8.5B


QQQ Invesco QQQ Trust Series 1	12.75%	2,255,637	$1.1B	Add +22.2%
XLK SS Technology Select Sector	11.46%	4,296,939	$972.1M	Reduce -14.4%
SPY SS SPDR S&P 500 ETF Trust-US	7.63%	1,189,282	$647.2M	Add +33.7%
IWF iShares Russell 1000 Growth	5.80%	1,349,961	$492.1M	Reduce -1.6%
IVV iShares Core S&P 500 ETF	5.21%	807,575	$441.9M	Reduce -0.5%
VOO Vanguard S&P 500 ETF	5.16%	874,980	$437.6M	Reduce -0.1%
XLC SS Comm Select Sector SPDR	5.02%	4,973,523	$426.0M	Add +0.4%
VTV Vanguard Mrngstr Val ETF-Aui	4.72%	2,493,447	$400.0M	Add +0.4%
XLF SS Financial Select Sector	4.24%	8,749,460	$359.7M	Add +1.4%
XLV SS Health Care Select Sector	3.45%	2,004,874	$292.2M	Add +1.2%
XLI SS Industrial Select Sector	2.75%	1,911,728	$233.0M	Reduce -19.7%
IWB iShares Russell 1000 ETF	2.62%	745,824	$221.9M	Reduce -0.7%
FTEC Fidelity MSCI Info Tech Indx	2.57%	1,272,429	$218.2M	Add +0.8%
XLY SS Consumer Disc Select Sect	2.46%	1,144,815	$208.8M	Reduce -27.5%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	2.44%	529,483	$207.1M	Add +0.3%
AVUV Avantis US Small Cap Value	2.33%	2,200,844	$197.5M	Add +0.7%
XLE SS Energy Select Sector	1.33%	1,232,869	$112.4M	Add +1.3%
XLP SS Consumer Staples Sel Sect	1.05%	1,160,698	$88.9M	Add +1.0%
XLB SS Materials Select Sector	0.79%	756,570	$66.8M	New
XLU St Sr Utl SL SE SPDR ETF-Usd	0.76%	940,443	$64.1M	New
AVGO Broadcom Inc.	0.71%	37,674	$60.5M	Reduce -1.6%
NVDA Nvidia Corp.	0.59%	407,741	$50.4M	Add +9.9%
MSFT Microsoft Corp.	0.55%	104,270	$46.6M	Add +2.2%
AAPL Apple Inc.	0.54%	217,562	$45.8M	Add +1.6%
GOOGL Alphabet Inc. Class A	0.50%	232,948	$42.4M	Reduce -0.4%
CMG Chipotle Mexican Grill Inc.	0.33%	447,851	$28.1M	Reduce -0.3%
AMD Advanced Micro Devices	0.30%	154,665	$25.1M	Reduce -0.7%
IR Ingersoll-Rand Inc.	0.29%	272,154	$24.7M	Reduce -1.5%
HD Home Depot Inc.	0.28%	69,002	$23.8M	Reduce -1.1%
OKE Oneok Inc.	0.27%	285,291	$23.3M	Reduce -1.4%
CAH Cardinal Health Inc.	0.27%	234,462	$23.1M	Add +0.2%
NFLX Netflix Inc.	0.27%	33,633	$22.7M	Add +35.0%
META Meta Platforms Inc. Class A	0.26%	44,549	$22.5M	Add +7.1%
VRTX Vertex Pharmaceuticals Inc.	0.25%	45,856	$21.5M	Reduce -0.7%
IGV iShares Expanded Tech-Softwa	0.25%	245,727	$21.4M	Add +1.1%
STX Seagate Technology Holdings	0.25%	203,933	$21.1M	Reduce -2.9%
CVX Chevron Corp.	0.23%	124,093	$19.4M	Add +0.1%
VLO Valero Energy Corp.	0.22%	120,050	$18.8M	Reduce -1.2%
WRB WR Berkley Corp. filed as BERKLEY W R CORP	0.20%	220,490	$17.3M	Add +1.0%
MPC Marathon Petroleum Corp.	0.20%	99,502	$17.3M	Reduce -2.3%
FTAI Ftai Aviation Ltd.	0.20%	163,203	$16.8M	Reduce -1.5%
GE General Electric filed as GE AEROSPACE	0.19%	103,116	$16.4M	Add +1.0%
XOM Exxon Mobil Corp.	0.19%	139,751	$16.1M	Reduce -29.6%
IWV iShares Russell 3000 ETF	0.19%	51,597	$15.9M	Add +0.2%
AMAT Applied Materials Inc.	0.19%	67,318	$15.9M	Reduce -2.6%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	0.19%	177,255	$15.9M	Reduce -1.6%
BRK.B Berkshire Hathaway Inc. Class B	0.18%	37,177	$15.1M	Add +0.6%
TXT Textron Inc.	0.18%	175,244	$15.0M	Add +1.9%
BSX Boston Scientific Corp.	0.17%	192,533	$14.8M	Add +1.2%
IWD iShares Russell 1000 Value E	0.16%	76,703	$13.4M	Add +5.3%
AMZN Amazon.com Inc.	0.16%	68,526	$13.2M	Add +32.1%
IWP iShares Russell Mid-Cap Grow	0.15%	116,322	$12.8M	Reduce -0.5%
IWO iShares Russell 2000 Growth	0.15%	48,477	$12.7M	Reduce -0.4%
SNPS Synopsys Inc.	0.15%	21,273	$12.7M	Add +2.0%
IWM iShares Russell 2000 ETF	0.15%	61,512	$12.5M	Reduce -0.3%
GD General Dynamics Corp.	0.15%	42,625	$12.4M	Add +2.3%
IWN iShares Russell 2000 Value E	0.14%	80,466	$12.3M	Add +0.5%
V Visa Inc. Class A	0.14%	45,926	$12.1M	Add +2.8%
DHR Danaher Corp.	0.14%	48,044	$12.0M	Add +3.7%
JXN Jackson Financial Inc. Class A	0.14%	159,357	$11.8M	New
AIG American International Group	0.14%	159,128	$11.8M	Add +1.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.14%	67,515	$11.7M	Reduce -3.0%
UNH Unitedhealth Group Inc.	0.14%	22,886	$11.7M	Reduce -1.5%
MO Altria Group Inc.	0.13%	245,911	$11.2M	New
MNST Monster Beverage Corp.	0.13%	223,513	$11.2M	Add +3.1%
GWW WW Grainger Inc. filed as GRAINGER W W INC	0.13%	12,275	$11.1M	Add +2.4%
ORI Old Republic Intl Corp.	0.13%	345,575	$10.7M	Reduce -1.4%
TQQQ Proshares Ultrapro QQQ	0.13%	144,485	$10.7M	Add +6.5%
INCY Incyte Corp.	0.12%	167,454	$10.2M	New
KMI Kinder Morgan Inc.	0.11%	479,484	$9.5M	Reduce -1.5%
PRU Prudential Financial Inc.	0.11%	79,430	$9.3M	Reduce -1.0%
CCL Carnival Corp.	0.11%	492,080	$9.2M	Add +5.7%
BIPC Brookfield Infrastructure-A	0.11%	266,893	$9.0M	Reduce -1.4%
PM Philip Morris International	0.10%	87,821	$8.9M	Reduce -1.3%
PEP Pepsico Inc.	0.10%	53,761	$8.9M	Reduce -0.9%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.10%	305,676	$8.8M	Reduce -1.5%
CARR Carrier Global Corp.	0.10%	138,184	$8.7M	Reduce -1.2%
FNF Fidelity National Financial	0.10%	174,407	$8.6M	Reduce -0.8%
LNC Lincoln National Corp.	0.10%	275,177	$8.6M	Reduce -0.5%
EXR Extra Space Storage Inc.	0.10%	54,904	$8.5M	Reduce -0.9%
SYY Sysco Corp.	0.10%	119,307	$8.5M	Reduce -1.2%
TDG Transdigm Group Inc.	0.10%	6,618	$8.5M	Reduce -2.3%
WRK Westrock Co.	0.10%	167,452	$8.4M	Reduce -1.3%
LLY Eli Lilly & Co.	0.10%	8,957	$8.1M	Add +0.8%
PFG Principal Financial Group	0.09%	101,410	$8.0M	Reduce -1.4%
SPYV SS SPDR P S&P 500 Value ETF	0.09%	158,714	$7.7M	Add +1.8%
JPM JPMorgan Chase & Co.	0.09%	38,076	$7.7M	Add +22.9%
GEHC GE Healthcare Technology	0.09%	96,446	$7.5M	Add +5.7%
LRCX Lam Research Corp.	0.09%	6,790	$7.2M	New
ABNB Airbnb Inc. Class A	0.08%	45,803	$6.9M	Reduce -0.9%
CAT Caterpillar Inc.	0.08%	20,848	$6.9M	Reduce -1.3%
JHG Janus Henderson Group PLC	0.08%	204,378	$6.9M	Reduce -1.1%
MRSH Marsh & McLennan Cos	0.08%	32,623	$6.9M	Reduce -0.0%
MET Metlife Inc.	0.08%	93,151	$6.5M	Reduce -1.6%
PANW Palo Alto Networks Inc.	0.08%	18,807	$6.4M	Reduce -1.1%
QCOM Qualcomm Inc.	0.07%	31,810	$6.3M	New
KEY Keycorp	0.07%	429,232	$6.1M	Reduce -0.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.07%	60,137	$6.0M	Reduce -0.6%
AMCR Amcor PLC	0.07%	593,332	$5.8M	Reduce -1.3%
EVRG Evergy Inc.	0.07%	108,755	$5.8M	New

Show all 163 holdings

Portfolio Sells Q1 2024 → Q2 2024


XLK SS Technology Select Sector	Reduce -14.4%	11.46%	−1.58
XLY SS Consumer Disc Select Sect	Reduce -27.5%	2.46%	−1.16
XLI SS Industrial Select Sector	Reduce -19.7%	2.75%	−0.99
LYB Lyondellbasell Indu Class A	Sold out	0.00%	−0.16
CNC Centene Corp.	Sold out	0.00%	−0.16
ADBE Adobe Inc.	Sold out	0.00%	−0.16
M D C HLDGS INC	Sold out	0.00%	−0.13
IVV iShares Core S&P 500 ETF	Reduce -0.5%	5.21%	−0.11
XOM Exxon Mobil Corp.	Reduce -29.6%	0.19%	−0.10
VOO Vanguard S&P 500 ETF	Reduce -0.1%	5.16%	−0.09
FTNT Fortinet Inc.	Reduce -81.5%	0.02%	−0.09
SWK Stanley Black & Decker Inc.	Sold out	0.00%	−0.08
IWB iShares Russell 1000 ETF	Reduce -0.7%	2.62%	−0.08
LULU Lululemon Athletica Inc.	Sold out	0.00%	−0.07
WST West Pharmaceutical Services	Sold out	0.00%	−0.06
AMD Advanced Micro Devices	Reduce -0.7%	0.30%	−0.05
HD Home Depot Inc.	Reduce -1.1%	0.28%	−0.05
MPC Marathon Petroleum Corp.	Reduce -2.3%	0.20%	−0.05
ATO Atmos Energy Corp.	Sold out	0.00%	−0.05
XBI SS SPDR S&P Biotech ETF	Sold out	0.00%	−0.04
VLO Valero Energy Corp.	Reduce -1.2%	0.22%	−0.04
IR Ingersoll-Rand Inc.	Reduce -1.5%	0.29%	−0.04
IBM Intl Business Machines Corp.	Reduce -3.0%	0.14%	−0.03
DIS The Walt Disney Co.	Reduce -0.6%	0.07%	−0.02
SYY Sysco Corp.	Reduce -1.2%	0.10%	−0.02
SHOP Shopify Inc. Class A	Sold out	0.00%	−0.02
DAY Dayforce Inc.	Sold out	0.00%	−0.02
CSCO Cisco Systems Inc.	Sold out	0.00%	−0.02
SBUX Starbucks Corp.	Sold out	0.00%	−0.02
LKQ LKQ Corp.	Sold out	0.00%	−0.02
PFG Principal Financial Group	Reduce -1.4%	0.09%	−0.02
IEX Idex Corp.	Reduce -1.6%	0.06%	−0.02
BIPC Brookfield Infrastructure-A	Reduce -1.4%	0.11%	−0.02
TENB Tenable Holdings Inc.	Sold out	0.00%	−0.02
NET Cloudflare Inc. Class A	Sold out	0.00%	−0.02
IWP iShares Russell Mid-Cap Grow	Reduce -0.5%	0.15%	−0.02
OKE Oneok Inc.	Reduce -1.4%	0.27%	−0.01
FNF Fidelity National Financial	Reduce -0.8%	0.10%	−0.01
IWM iShares Russell 2000 ETF	Reduce -0.3%	0.15%	−0.01
CAT Caterpillar Inc.	Reduce -1.3%	0.08%	−0.01
IWO iShares Russell 2000 Growth	Reduce -0.4%	0.15%	−0.01
PEP Pepsico Inc.	Reduce -0.9%	0.10%	−0.01
ABNB Airbnb Inc. Class A	Reduce -0.9%	0.08%	−0.01
KEY Keycorp	Reduce -0.6%	0.07%	−0.01
VICI Vici Properties Inc.	Reduce -1.5%	0.10%	−0.01
CELH Celsius Holdings Inc.	Reduce -11.2%	0.02%	−0.01
RSP Invesco S&P 500 Equal Weight	Reduce -6.2%	0.07%	−0.01
ULTA Ulta Beauty Inc.	Sold out	0.00%	−0.01
MET Metlife Inc.	Reduce -1.6%	0.08%	−0.01
XYZ Block Inc.	Reduce -5.8%	0.02%	−0.01

Portfolio Buys Q1 2024 → Q2 2024


QQQ Invesco QQQ Trust Series 1	Add +22.2%	12.75%	+2.52
SPY SS SPDR S&P 500 ETF Trust-US	Add +33.7%	7.63%	+1.83
XLB SS Materials Select Sector	New	0.79%	+0.79
XLU St Sr Utl SL SE SPDR ETF-Usd	New	0.76%	+0.76
NVDA Nvidia Corp.	Add +9.9%	0.59%	+0.18
JXN Jackson Financial Inc. Class A	New	0.14%	+0.14
MO Altria Group Inc.	New	0.13%	+0.13
FTEC Fidelity MSCI Info Tech Indx	Add +0.8%	2.57%	+0.12
INCY Incyte Corp.	New	0.12%	+0.12
LRCX Lam Research Corp.	New	0.09%	+0.09
AAPL Apple Inc.	Add +1.6%	0.54%	+0.08
NFLX Netflix Inc.	Add +35.0%	0.27%	+0.08
QCOM Qualcomm Inc.	New	0.07%	+0.07
EVRG Evergy Inc.	New	0.07%	+0.07
AMZN Amazon.com Inc.	Add +32.1%	0.16%	+0.04
ORCL Oracle Corp.	New	0.04%	+0.04
NEM Newmont Corp.	New	0.03%	+0.03
TQQQ Proshares Ultrapro QQQ	Add +6.5%	0.13%	+0.02
CPNG Coupang Inc.	New	0.02%	+0.02
BTSG Brightspring Health Services	New	0.02%	+0.02
GNRC Generac Holdings Inc.	New	0.02%	+0.02
MSFT Microsoft Corp.	Add +2.2%	0.55%	+0.01
CCL Carnival Corp.	Add +5.7%	0.11%	+0.01
JPM JPMorgan Chase & Co.	Add +22.9%	0.09%	+0.01
TOST Toast Inc. Class A	New	0.01%	+0.01
META Meta Platforms Inc. Class A	Add +7.1%	0.26%	+0.01
BSX Boston Scientific Corp.	Add +1.2%	0.17%	+0.01
FXI iShares China Large-Cap ETF	New	0.01%	+0.01
ASPN Aspen Aerogels Inc.	New	0.01%	+0.01
LLY Eli Lilly & Co.	Add +0.8%	0.10%	+0.01
VRT Vertiv Holdings Co. Class A	New	0.01%	+0.01
IJH iShares Core S&P Midcap ETF	New	0.01%	+0.01
IJR iShares Core S&P Small-Cap E	New	0.00%	+0.00
GOOG Alphabet Inc. Class C	Add +15.3%	0.01%	+0.00
SPYM Ste STR SPDR PT S&P 500 ETF	Add +26.6%	0.00%	+0.00
SNPS Synopsys Inc.	Add +2.0%	0.15%	+0.00
LEH BROTHERS HLDGS XXX	Add +0.6%	0.00%	0.00
GD General Dynamics Corp.	Add +2.3%	0.15%	−0.00
DHR Danaher Corp.	Add +3.7%	0.14%	−0.00
IWV iShares Russell 3000 ETF	Add +0.2%	0.19%	−0.00
IWD iShares Russell 1000 Value E	Add +5.3%	0.16%	−0.01
SPYV SS SPDR P S&P 500 Value ETF	Add +1.8%	0.09%	−0.01
IGV iShares Expanded Tech-Softwa	Add +1.1%	0.25%	−0.01
V Visa Inc. Class A	Add +2.8%	0.14%	−0.01
AIG American International Group	Add +1.6%	0.14%	−0.01
IWN iShares Russell 2000 Value E	Add +0.5%	0.14%	−0.01
GEHC GE Healthcare Technology	Add +5.7%	0.09%	−0.01
CVX Chevron Corp.	Add +0.1%	0.23%	−0.02
BRK.B Berkshire Hathaway Inc. Class B	Add +0.6%	0.18%	−0.02
XLC SS Comm Select Sector SPDR	Add +0.4%	5.02%	−0.02

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2025	164	$9.2B	XLK, QQQ, SPY, XLF, IVV
Q1 2025	156	$7.9B	XLK, QQQ, SPY, XLF, IWF
Q4 2024	164	$9.2B	XLK, QQQ, SPY, IWF, XLF
Q3 2024	160	$8.7B	XLK, QQQ, SPY, IWF, XLF
Q2 2024	163	$8.5B	QQQ, XLK, SPY, IWF, IVV
Q1 2024	162	$8.0B	XLK, QQQ, SPY, IWF, IVV