CHURCHILL MANAGEMENT Corp

Name: CHURCHILL MANAGEMENT Corp 13F holdings, Q1 2025
Creator: CHURCHILL MANAGEMENT Corp
Published: 2025-04-25

Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), CHURCHILL MANAGEMENT Corp reported 156 stock positions worth $7.9 billion. Its top holding was SS Technology Select Sector (XLK) at 12.1% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 8.1%) and SS SPDR S&P 500 ETF Trust-US (SPY, 7.4%). Compared with Q4 2024, it opened 21 new positions, sold out of 29, added to 45 and reduced 76. The biggest buy was a new position in SS Consumer Staples Sel Sect (XLP) and the biggest sale an exit from Fidelity MSCI Info Tech Indx (FTEC).

Most Recent 13F: Q2 2025
Location: Los Angeles, CA
CIK: 0001094749
Portfolio Value: $7.9B (Q1 2025)
SEC Filing: 0000935836-25-000293 ↗ filed Apr 25, 2025

Holdings Value

Holdings 156 stocks · $7.9B


XLK SS Technology Select Sector	12.10%	4,619,895	$953.9M	Reduce -10.0%
QQQ Invesco QQQ Trust Series 1	8.07%	1,356,746	$636.2M	Reduce -26.3%
SPY SS SPDR S&P 500 ETF Trust-US	7.42%	1,045,562	$584.9M	Reduce -0.6%
XLF SS Financial Select Sector	6.39%	10,112,436	$503.7M	Reduce -2.0%
IWF iShares Russell 1000 Growth	6.33%	1,382,503	$499.2M	Reduce -0.3%
IVV iShares Core S&P 500 ETF	5.87%	823,252	$462.6M	Add +0.1%
VOO Vanguard S&P 500 ETF	5.65%	866,949	$445.5M	Reduce -0.9%
VTV Vanguard Mrngstr Val ETF-Aui	5.60%	2,557,100	$441.7M	Reduce -0.2%
XLV SS Health Care Select Sector	4.98%	2,690,451	$392.8M	Add +37.6%
XLC SS Comm Select Sector SPDR	4.92%	4,018,913	$387.6M	Reduce -1.6%
IWB iShares Russell 1000 ETF	3.08%	792,824	$243.2M	Add +0.2%
XLI SS Industrial Select Sector	2.85%	1,717,374	$225.1M	Reduce -31.5%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	2.83%	531,476	$223.2M	Reduce -1.2%
XLY SS Consumer Disc Select Sect	2.52%	1,006,297	$198.7M	Reduce -34.6%
XLP SS Consumer Staples Sel Sect	2.41%	2,322,253	$189.7M	New
IUSV iShares Core S&P U.S. Value	2.20%	1,877,261	$173.3M	New
XLU St Sr Utl SL SE SPDR ETF-Usd	0.98%	975,982	$77.0M	Reduce -0.4%
AAPL Apple Inc.	0.64%	225,774	$50.2M	Add +1.3%
AVGO Broadcom Inc.	0.63%	297,259	$49.8M	Reduce -17.5%
NVDA Nvidia Corp.	0.51%	372,265	$40.3M	Reduce -13.1%
MSFT Microsoft Corp.	0.49%	102,062	$38.3M	Reduce -5.7%
CAH Cardinal Health Inc.	0.42%	241,839	$33.3M	Add +0.6%
GOOGL Alphabet Inc. Class A	0.39%	199,599	$30.9M	Reduce -11.8%
NFLX Netflix Inc.	0.39%	33,027	$30.8M	Reduce -1.5%
OKE Oneok Inc.	0.35%	281,979	$28.0M	Add +0.1%
HD Home Depot Inc.	0.32%	67,989	$24.9M	Reduce 0.0%
WRB WR Berkley Corp. filed as BERKLEY W R CORP	0.30%	333,988	$23.8M	Reduce -0.4%
META Meta Platforms Inc. Class A	0.29%	39,514	$22.8M	Reduce -11.8%
GE General Electric filed as GE AEROSPACE	0.27%	104,388	$20.9M	Reduce -0.6%
BRK.B Berkshire Hathaway Inc. Class B	0.26%	38,016	$20.2M	Add +0.8%
BSX Boston Scientific Corp.	0.25%	196,692	$19.8M	Reduce -0.3%
CRWD CrowdStrike Holdings Inc. Class A	0.25%	55,226	$19.5M	New
WFC Wells Fargo & Co.	0.23%	250,986	$18.0M	New
AMZN Amazon.com Inc.	0.22%	91,760	$17.5M	Reduce -5.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.22%	69,303	$17.2M	Add +1.0%
XOM Exxon Mobil Corp.	0.22%	143,976	$17.1M	Add +3.1%
V Visa Inc. Class A	0.21%	46,190	$16.2M	Add +1.5%
STX Seagate Technology Holdings	0.20%	182,248	$15.5M	Add +0.8%
MO Altria Group Inc.	0.20%	257,154	$15.4M	Add +3.3%
AIG American International Group	0.19%	174,680	$15.2M	Add +3.2%
DGX Quest Diagnostics Inc.	0.19%	88,416	$15.0M	New
PM Philip Morris International	0.19%	92,388	$14.7M	Add +2.1%
AZO AutoZone Inc.	0.18%	3,815	$14.5M	Add +4.2%
GEV GE Vernova Inc.	0.18%	46,726	$14.3M	Add +96.1%
KMI Kinder Morgan Inc.	0.18%	495,952	$14.1M	Add +2.0%
VGK Vanguard Ftse Europe ETF	0.17%	195,223	$13.7M	New
EFA iShares MSCI Eafe ETF	0.17%	163,389	$13.4M	New
JXN Jackson Financial Inc. Class A	0.17%	157,876	$13.2M	Add +0.3%
GWW WW Grainger Inc. filed as GRAINGER W W INC	0.17%	13,291	$13.1M	Add +1.5%
ORI Old Republic Intl Corp.	0.16%	328,227	$12.9M	Reduce -1.7%
VRTX Vertex Pharmaceuticals Inc.	0.16%	26,388	$12.8M	Reduce -42.0%
EEM iShares MSCI Emerging Market	0.16%	291,669	$12.7M	Add +0.8%
IWD iShares Russell 1000 Value E	0.16%	67,504	$12.7M	Reduce -1.2%
IWP iShares Russell Mid-Cap Grow	0.16%	107,077	$12.6M	Reduce -1.8%
MDT Medtronic PLC	0.16%	139,656	$12.5M	New
AB Alliancebernstein Holding LP	0.16%	321,289	$12.3M	New
AROC Archrock Inc.	0.15%	459,301	$12.1M	Add +3.3%
UNH Unitedhealth Group Inc.	0.14%	21,809	$11.4M	Reduce -1.1%
CMG Chipotle Mexican Grill Inc.	0.14%	227,467	$11.4M	Reduce -48.5%
IWN iShares Russell 2000 Value E	0.14%	75,205	$11.4M	Reduce -0.4%
INCY Incyte Corp.	0.14%	185,009	$11.2M	Add +3.4%
FNF Fidelity National Financial	0.14%	170,046	$11.1M	Reduce -1.0%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.14%	337,951	$11.0M	Add +8.4%
CCL Carnival Corp.	0.14%	546,487	$10.7M	Add +2.9%
LNC Lincoln National Corp.	0.13%	296,232	$10.6M	Add +3.5%
MU Micron Technology Inc.	0.13%	120,219	$10.4M	Add +5.2%
STZ Constellation Brands Inc. Class A	0.13%	55,779	$10.2M	New
BIPC Brookfield Infrastructure-A	0.13%	282,457	$10.2M	Add +3.2%
TDG Transdigm Group Inc.	0.13%	7,258	$10.0M	Add +28.1%
EVRG Evergy Inc.	0.12%	140,244	$9.7M	Add +10.0%
VST Vistra Corp.	0.12%	81,149	$9.5M	Add +3.0%
AES AES Corp.	0.12%	752,397	$9.3M	New
PFG Principal Financial Group	0.12%	109,318	$9.2M	Add +4.1%
EXR Extra Space Storage Inc.	0.12%	61,928	$9.2M	Add +6.3%
DUK Duke Energy Corp.	0.12%	75,234	$9.2M	Add +0.1%
GEHC GE Healthcare Technology	0.12%	112,750	$9.1M	Add +5.0%
T AT&T Inc.	0.11%	319,311	$9.0M	Add +1.1%
JPM JPMorgan Chase & Co.	0.11%	35,739	$8.8M	Reduce -0.9%
MET Metlife Inc.	0.11%	108,920	$8.7M	Add +20.4%
ADI Analog Devices Inc.	0.11%	42,883	$8.6M	New
COST Costco Wholesale Corp.	0.11%	9,128	$8.6M	Reduce -0.8%
CARR Carrier Global Corp.	0.11%	130,973	$8.3M	Reduce -2.1%
PFE Pfizer Inc.	0.11%	326,865	$8.3M	New
CFG Citizens Financial Group	0.10%	196,232	$8.0M	Add +5.6%
KEY Keycorp	0.10%	485,044	$7.8M	Add +4.2%
MRSH Marsh & McLennan Cos	0.10%	30,963	$7.6M	Reduce -2.7%
VZ Verizon Communications Inc.	0.09%	164,417	$7.5M	Add +9.1%
DOC Healthpeak Properties Inc.	0.09%	364,478	$7.4M	Add +7.9%
JHG Janus Henderson Group PLC	0.09%	201,792	$7.3M	Reduce -1.4%
QCOM Qualcomm Inc.	0.09%	45,529	$7.0M	Reduce -0.2%
DG Dollar General Corp.	0.09%	78,955	$6.9M	New
AIZ Assurant Inc.	0.09%	32,149	$6.7M	Add +2.9%
CAT Caterpillar Inc.	0.08%	19,797	$6.5M	Reduce -1.1%
ETR Entergy Corp.	0.08%	75,151	$6.4M	New
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.07%	57,043	$5.6M	Reduce -1.4%
NOW ServiceNow Inc.	0.07%	6,886	$5.5M	Reduce -47.0%
GILD Gilead Sciences Inc.	0.06%	43,331	$4.9M	New
SPYV SS SPDR P S&P 500 Value ETF	0.06%	94,430	$4.8M	Reduce -39.3%
RSP Invesco S&P 500 Equal Weight	0.06%	26,127	$4.5M	Reduce -9.6%
IGV iShares Expanded Tech-Softwa	0.06%	49,220	$4.4M	Reduce -79.2%

Show all 156 holdings

Portfolio Sells Q4 2024 → Q1 2025


FTEC Fidelity MSCI Info Tech Indx	Sold out	0.00%	−2.61
AVUV Avantis US Small Cap Value	Sold out	0.00%	−2.38
IWO iShares Russell 2000 Growth	Reduce -99.8%	0.00%	−2.29
QQQ Invesco QQQ Trust Series 1	Reduce -26.3%	8.07%	−2.20
XLY SS Consumer Disc Select Sect	Reduce -34.6%	2.52%	−1.25
XLK SS Technology Select Sector	Reduce -10.0%	12.10%	−0.93
XLI SS Industrial Select Sector	Reduce -31.5%	2.85%	−0.75
AVGO Broadcom Inc.	Reduce -17.5%	0.63%	−0.28
IR Ingersoll-Rand Inc.	Reduce -93.1%	0.02%	−0.24
FTAI Ftai Aviation Ltd.	Sold out	0.00%	−0.24
IGV iShares Expanded Tech-Softwa	Reduce -79.2%	0.06%	−0.20
ANET Arista Networks Inc.	Sold out	0.00%	−0.20
IRM Iron Mountain Inc.	Sold out	0.00%	−0.20
IWV iShares Russell 3000 ETF	Sold out	0.00%	−0.18
CMG Chipotle Mexican Grill Inc.	Reduce -48.5%	0.14%	−0.15
IWM iShares Russell 2000 ETF	Sold out	0.00%	−0.14
VWO Vanguard Ftse Emerging Marke	Sold out	0.00%	−0.13
DHR Danaher Corp.	Sold out	0.00%	−0.13
EPAM Epam Systems Inc.	Sold out	0.00%	−0.12
CRM Salesforce Inc.	Sold out	0.00%	−0.12
F Ford Motor Co.	Sold out	0.00%	−0.12
NVDA Nvidia Corp.	Reduce -13.1%	0.51%	−0.12
PRU Prudential Financial Inc.	Sold out	0.00%	−0.11
SYY Sysco Corp.	Sold out	0.00%	−0.10
NOW ServiceNow Inc.	Reduce -47.0%	0.07%	−0.08
GOOGL Alphabet Inc. Class A	Reduce -11.8%	0.39%	−0.08
EIX Edison International	Sold out	0.00%	−0.07
PANW Palo Alto Networks Inc.	Sold out	0.00%	−0.07
AMCR Amcor PLC	Sold out	0.00%	−0.07
PSN Parsons Corp.	Sold out	0.00%	−0.06
NTAP Netapp Inc.	Sold out	0.00%	−0.05
VRTX Vertex Pharmaceuticals Inc.	Reduce -42.0%	0.16%	−0.04
TTD Trade Desk Inc./the Class A	Sold out	0.00%	−0.04
TQQQ Proshares Ultrapro QQQ	Sold out	0.00%	−0.03
SPYV SS SPDR P S&P 500 Value ETF	Reduce -39.3%	0.06%	−0.03
ARM Arm Holdings PLC-ADR	Sold out	0.00%	−0.03
LDOS Leidos Holdings Inc.	Sold out	0.00%	−0.02
VIST Vista Energy Sab DE CV	Sold out	0.00%	−0.02
GNRC Generac Holdings Inc.	Sold out	0.00%	−0.02
XYZ Block Inc.	Reduce -30.7%	0.02%	−0.02
MA Mastercard Inc. Class A	Reduce -52.4%	0.02%	−0.01
MSFT Microsoft Corp.	Reduce -5.7%	0.49%	−0.01
AMZN Amazon.com Inc.	Reduce -5.5%	0.22%	−0.01
PAY Paymentus Holdings Inc. Class A	Sold out	0.00%	−0.01
SHAK Shake Shack Inc. Class A	Sold out	0.00%	−0.01
CAVA Cava Group Inc.	Reduce -4.9%	0.05%	−0.01
TBCH Turtle Beach Corp.	Sold out	0.00%	−0.01
IOT Samsara Inc. Class A	Reduce -33.0%	0.02%	−0.01
VRT Vertiv Holdings Co. Class A	Sold out	0.00%	−0.01
RKLB Rocket Lab USA Inc.	Reduce -10.4%	0.01%	−0.01

Portfolio Buys Q4 2024 → Q1 2025


XLP SS Consumer Staples Sel Sect	New	2.41%	+2.41
IUSV iShares Core S&P U.S. Value	New	2.20%	+2.20
XLV SS Health Care Select Sector	Add +37.6%	4.98%	+2.05
IVV iShares Core S&P 500 ETF	Add +0.1%	5.87%	+0.58
IWB iShares Russell 1000 ETF	Add +0.2%	3.08%	+0.30
CRWD CrowdStrike Holdings Inc. Class A	New	0.25%	+0.25
WFC Wells Fargo & Co.	New	0.23%	+0.23
DGX Quest Diagnostics Inc.	New	0.19%	+0.19
VGK Vanguard Ftse Europe ETF	New	0.17%	+0.17
EFA iShares MSCI Eafe ETF	New	0.17%	+0.17
MDT Medtronic PLC	New	0.16%	+0.16
AB Alliancebernstein Holding LP	New	0.16%	+0.16
STZ Constellation Brands Inc. Class A	New	0.13%	+0.13
AES AES Corp.	New	0.12%	+0.12
CAH Cardinal Health Inc.	Add +0.6%	0.42%	+0.11
ADI Analog Devices Inc.	New	0.11%	+0.11
PFE Pfizer Inc.	New	0.11%	+0.11
GEV GE Vernova Inc.	Add +96.1%	0.18%	+0.10
DG Dollar General Corp.	New	0.09%	+0.09
ETR Entergy Corp.	New	0.08%	+0.08
BRK.B Berkshire Hathaway Inc. Class B	Add +0.8%	0.26%	+0.07
PM Philip Morris International	Add +2.1%	0.19%	+0.07
GILD Gilead Sciences Inc.	New	0.06%	+0.06
AIG American International Group	Add +3.2%	0.19%	+0.06
AZO AutoZone Inc.	Add +4.2%	0.18%	+0.06
IBM Intl Business Machines Corp.	Add +1.0%	0.22%	+0.05
MO Altria Group Inc.	Add +3.3%	0.20%	+0.05
XOM Exxon Mobil Corp.	Add +3.1%	0.22%	+0.05
TDG Transdigm Group Inc.	Add +28.1%	0.13%	+0.05
V Visa Inc. Class A	Add +1.5%	0.21%	+0.05
OKE Oneok Inc.	Add +0.1%	0.35%	+0.05
KEYS Keysight Technologies Inc.	New	0.04%	+0.04
VICI Vici Properties Inc.	Add +8.4%	0.14%	+0.04
EVRG Evergy Inc.	Add +10.0%	0.12%	+0.04
T AT&T Inc.	Add +1.1%	0.11%	+0.04
LNC Lincoln National Corp.	Add +3.5%	0.13%	+0.04
KMI Kinder Morgan Inc.	Add +2.0%	0.18%	+0.03
AROC Archrock Inc.	Add +3.3%	0.15%	+0.03
MET Metlife Inc.	Add +20.4%	0.11%	+0.03
EEM iShares MSCI Emerging Market	Add +0.8%	0.16%	+0.03
VZ Verizon Communications Inc.	Add +9.1%	0.09%	+0.03
PFG Principal Financial Group	Add +4.1%	0.12%	+0.03
DUK Duke Energy Corp.	Add +0.1%	0.12%	+0.03
MU Micron Technology Inc.	Add +5.2%	0.13%	+0.03
AAPL Apple Inc.	Add +1.3%	0.64%	+0.03
STX Seagate Technology Holdings	Add +0.8%	0.20%	+0.03
APP AppLovin Corp. Class A	Add +288.5%	0.04%	+0.03
BAC Bank of America Corp.	New	0.02%	+0.02
GEHC GE Healthcare Technology	Add +5.0%	0.12%	+0.02
EXR Extra Space Storage Inc.	Add +6.3%	0.12%	+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