CHURCHILL MANAGEMENT Corp

Name: CHURCHILL MANAGEMENT Corp 13F holdings, Q2 2025
Creator: CHURCHILL MANAGEMENT Corp
Published: 2025-07-18

Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), CHURCHILL MANAGEMENT Corp reported 164 stock positions worth $9.2 billion. Its top holding was SS Technology Select Sector (XLK) at 13.2% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 7.8%) and SS SPDR S&P 500 ETF Trust-US (SPY, 7.2%). Compared with Q1 2025, it opened 34 new positions, sold out of 26, added to 53 and reduced 61. The biggest buy was a new position in Vanguard Info Tech ETF (VGT) and the biggest sale iShares Russell 1000 Growth (IWF, shares −58%).

Most Recent 13F: Q2 2025
Location: Los Angeles, CA
CIK: 0001094749
Portfolio Value: $9.2B (Q2 2025)
SEC Filing: 0000935836-25-000466 ↗ filed Jul 18, 2025

Holdings Value

Holdings 164 stocks · $9.2B


XLK SS Technology Select Sector	13.22%	4,809,901	$1.2B	Add +4.1%
QQQ Invesco QQQ Trust Series 1	7.83%	1,307,145	$721.1M	Reduce -3.7%
SPY SS SPDR S&P 500 ETF Trust-US	7.16%	1,067,120	$659.3M	Add +2.1%
XLF SS Financial Select Sector	5.73%	10,077,535	$527.8M	Reduce -0.3%
IVV iShares Core S&P 500 ETF	5.57%	826,375	$513.1M	Add +0.4%
VOO Vanguard S&P 500 ETF	5.33%	864,054	$490.8M	Reduce -0.3%
VGT Vanguard Info Tech ETF	4.93%	685,276	$454.5M	New
VTV Vanguard Mrngstr Val ETF-Aui	4.91%	2,561,737	$452.8M	Add +0.2%
XLC SS Comm Select Sector SPDR	4.70%	3,991,642	$433.2M	Reduce -0.7%
XLV SS Health Care Select Sector	3.37%	2,305,920	$310.8M	Reduce -14.3%
IWB iShares Russell 1000 ETF	2.94%	798,988	$271.3M	Add +0.8%
XLI SS Industrial Select Sector	2.73%	1,705,208	$251.6M	Reduce -0.7%
IWF iShares Russell 1000 Growth	2.68%	581,381	$246.8M	Reduce -58.0%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	2.55%	532,670	$234.7M	Add +0.2%
VB Vanguard Most SM-Cap ETF-Usd	2.43%	946,160	$224.2M	New
MTUM iShares MSCI USA Momentum Fa	2.39%	916,637	$220.3M	New
XLY SS Consumer Disc Select Sect	2.37%	1,004,176	$218.2M	Reduce -0.2%
XLP SS Consumer Staples Sel Sect	2.06%	2,344,665	$189.8M	Add +1.0%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.87%	976,447	$79.7M	Add +0.1%
AVGO Broadcom Inc.	0.86%	287,866	$79.4M	Reduce -3.2%
NVDA Nvidia Corp.	0.67%	388,633	$61.4M	Add +4.4%
MSFT Microsoft Corp.	0.57%	104,880	$52.2M	Add +2.8%
NFLX Netflix Inc.	0.55%	38,067	$51.0M	Add +15.3%
AAPL Apple Inc.	0.52%	234,672	$48.1M	Add +3.9%
CAH Cardinal Health Inc.	0.44%	242,896	$40.8M	Add +0.4%
GOOGL Alphabet Inc. Class A	0.39%	201,717	$35.5M	Add +1.1%
GE General Electric filed as GE AEROSPACE	0.34%	121,912	$31.4M	Add +16.8%
META Meta Platforms Inc. Class A	0.32%	39,627	$29.2M	Add +0.3%
CRWD CrowdStrike Holdings Inc. Class A	0.31%	55,426	$28.2M	Add +0.4%
STX Seagate Technology Holdings	0.29%	182,383	$26.3M	Add +0.1%
HD Home Depot Inc.	0.27%	67,743	$24.8M	Reduce -0.4%
GEV GE Vernova Inc.	0.27%	46,827	$24.8M	Add +0.2%
WRB WR Berkley Corp. filed as BERKLEY W R CORP	0.27%	333,164	$24.5M	Reduce -0.3%
PLTR Palantir Technologies Inc. Class A	0.26%	174,140	$23.7M	New
OKE Oneok Inc.	0.25%	279,970	$22.9M	Reduce -0.7%
JPM JPMorgan Chase & Co.	0.24%	75,014	$21.7M	Add +109.9%
BSX Boston Scientific Corp.	0.23%	195,676	$21.0M	Reduce -0.5%
WFC Wells Fargo & Co.	0.22%	254,395	$20.4M	Add +1.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.22%	69,028	$20.3M	Reduce -0.4%
AMZN Amazon.com Inc.	0.21%	86,429	$19.0M	Reduce -5.8%
BRK.B Berkshire Hathaway Inc. Class B	0.20%	38,684	$18.8M	Add +1.8%
GILD Gilead Sciences Inc.	0.20%	163,496	$18.1M	Add +277.3%
PM Philip Morris International	0.18%	92,353	$16.8M	Reduce -0.0%
V Visa Inc. Class A	0.18%	46,963	$16.7M	Add +1.7%
TDG Transdigm Group Inc.	0.17%	10,591	$16.1M	Add +45.9%
DGX Quest Diagnostics Inc.	0.17%	88,809	$16.0M	Add +0.4%
CCL Carnival Corp.	0.17%	562,296	$15.8M	Add +2.9%
XOM Exxon Mobil Corp.	0.17%	144,884	$15.6M	Add +0.6%
AIG American International Group	0.17%	179,565	$15.4M	Add +2.8%
MO Altria Group Inc.	0.16%	258,228	$15.1M	Add +0.4%
VGK Vanguard Ftse Europe ETF	0.16%	192,387	$14.9M	Reduce -1.4%
KMI Kinder Morgan Inc.	0.16%	500,708	$14.7M	Add +1.0%
AZO AutoZone Inc.	0.16%	3,940	$14.6M	Add +3.3%
IWP iShares Russell Mid-Cap Grow	0.16%	105,151	$14.6M	Reduce -1.8%
EFA iShares MSCI Eafe ETF	0.16%	161,299	$14.4M	Reduce -1.3%
GWW WW Grainger Inc. filed as GRAINGER W W INC	0.15%	13,693	$14.2M	Add +3.0%
EEM iShares MSCI Emerging Market	0.15%	289,155	$13.9M	Reduce -0.9%
JXN Jackson Financial Inc. Class A	0.15%	156,137	$13.9M	Reduce -1.1%
IWD iShares Russell 1000 Value E	0.14%	66,521	$12.9M	Reduce -1.5%
CMG Chipotle Mexican Grill Inc.	0.14%	229,286	$12.9M	Add +0.8%
AB Alliancebernstein Holding LP	0.14%	314,844	$12.9M	Reduce -2.0%
DASH DoorDash Inc. Class A	0.14%	51,677	$12.7M	Add +492.9%
TTWO Take-Two Interactive Softwre	0.13%	51,065	$12.4M	New
ORI Old Republic Intl Corp.	0.13%	320,694	$12.3M	Reduce -2.3%
J Jacobs Solutions Inc.	0.13%	92,027	$12.1M	New
BIPC Brookfield Infrastructure-A	0.13%	286,303	$11.9M	Add +1.4%
AROC Archrock Inc.	0.13%	475,581	$11.8M	Add +3.5%
IWN iShares Russell 2000 Value E	0.13%	74,794	$11.8M	Reduce -0.6%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.12%	344,598	$11.2M	Add +2.0%
ADI Analog Devices Inc.	0.12%	44,797	$10.7M	Add +4.5%
LNC Lincoln National Corp.	0.11%	300,271	$10.4M	Add +1.4%
F Ford Motor Co. filed as FORD MTR CO	0.11%	952,223	$10.3M	New
GDE Wisdomtree Efficient Gold PL	0.11%	218,257	$10.3M	New
EVRG Evergy Inc.	0.11%	147,233	$10.1M	Add +5.0%
VRTX Vertex Pharmaceuticals Inc.	0.11%	21,996	$9.8M	Reduce -16.6%
EXR Extra Space Storage Inc.	0.10%	64,634	$9.5M	Add +4.4%
CARR Carrier Global Corp.	0.10%	129,637	$9.5M	Reduce -1.0%
COIN Coinbase Global Inc. Class A	0.10%	26,810	$9.4M	New
T AT&T Inc.	0.10%	324,104	$9.4M	Add +1.5%
FNF Fidelity National Financial	0.10%	166,763	$9.3M	Reduce -1.9%
DG Dollar General Corp.	0.10%	81,262	$9.3M	Add +2.9%
COST Costco Wholesale Corp.	0.10%	9,098	$9.0M	Reduce -0.3%
PFE Pfizer Inc.	0.10%	371,083	$9.0M	Add +13.5%
PFG Principal Financial Group	0.10%	112,590	$8.9M	Add +3.0%
DUK Duke Energy Corp.	0.10%	74,778	$8.8M	Reduce -0.6%
KEY Keycorp	0.10%	505,544	$8.8M	Add +4.2%
MET Metlife Inc.	0.09%	106,708	$8.6M	Reduce -2.0%
GWRE Guidewire Software Inc.	0.09%	36,148	$8.5M	New
SPOT Spotify Technology SA	0.09%	10,976	$8.4M	Add +122.6%
AES AES Corp.	0.09%	770,025	$8.1M	Add +2.3%
AMD Advanced Micro Devices	0.09%	55,608	$7.9M	New
UBER Uber Technologies Inc.	0.09%	83,935	$7.8M	New
FFIV F5 Inc.	0.08%	26,371	$7.8M	New
JHG Janus Henderson Group PLC	0.08%	197,166	$7.7M	Reduce -2.3%
VZ Verizon Communications Inc.	0.08%	170,204	$7.4M	Add +3.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.08%	56,659	$7.0M	Reduce -0.7%
ETR Entergy Corp.	0.07%	82,535	$6.9M	Add +9.8%
MRSH Marsh & McLennan Cos	0.07%	30,652	$6.7M	Reduce -1.0%
D Dominion Energy Inc.	0.07%	116,182	$6.6M	New
QCOM Qualcomm Inc.	0.06%	34,776	$5.5M	Reduce -23.6%

Show all 164 holdings

Portfolio Sells Q1 2025 → Q2 2025


IWF iShares Russell 1000 Growth	Reduce -58.0%	2.68%	−3.65
IUSV iShares Core S&P U.S. Value	Sold out	0.00%	−2.20
XLV SS Health Care Select Sector	Reduce -14.3%	3.37%	−1.61
XLF SS Financial Select Sector	Reduce -0.3%	5.73%	−0.66
VOO Vanguard S&P 500 ETF	Reduce -0.3%	5.33%	−0.32
QQQ Invesco QQQ Trust Series 1	Reduce -3.7%	7.83%	−0.24
XLC SS Comm Select Sector SPDR	Reduce -0.7%	4.70%	−0.21
MDT Medtronic PLC	Sold out	0.00%	−0.16
XLY SS Consumer Disc Select Sect	Reduce -0.2%	2.37%	−0.15
UNH Unitedhealth Group Inc.	Sold out	0.00%	−0.14
INCY Incyte Corp.	Sold out	0.00%	−0.14
MU Micron Technology Inc.	Sold out	0.00%	−0.13
STZ Constellation Brands Inc. Class A	Sold out	0.00%	−0.13
XLI SS Industrial Select Sector	Reduce -0.7%	2.73%	−0.12
VST Vistra Corp.	Sold out	0.00%	−0.12
GEHC GE Healthcare Technology	Sold out	0.00%	−0.12
OKE Oneok Inc.	Reduce -0.7%	0.25%	−0.11
CFG Citizens Financial Group	Sold out	0.00%	−0.10
DOC Healthpeak Properties Inc.	Sold out	0.00%	−0.09
AIZ Assurant Inc.	Sold out	0.00%	−0.09
CAT Caterpillar Inc.	Sold out	0.00%	−0.08
NOW ServiceNow Inc.	Sold out	0.00%	−0.07
SPYV SS SPDR P S&P 500 Value ETF	Sold out	0.00%	−0.06
VRTX Vertex Pharmaceuticals Inc.	Reduce -16.6%	0.11%	−0.06
IGV iShares Expanded Tech-Softwa	Sold out	0.00%	−0.06
IEX Idex Corp.	Sold out	0.00%	−0.05
HD Home Depot Inc.	Reduce -0.4%	0.27%	−0.05
FNF Fidelity National Financial	Reduce -1.9%	0.10%	−0.04
WRB WR Berkley Corp.	Reduce -0.3%	0.27%	−0.04
ORI Old Republic Intl Corp.	Reduce -2.3%	0.13%	−0.03
QCOM Qualcomm Inc.	Reduce -23.6%	0.06%	−0.03
TXT Textron Inc.	Sold out	0.00%	−0.03
BAC Bank of America Corp.	Sold out	0.00%	−0.02
BSX Boston Scientific Corp.	Reduce -0.5%	0.23%	−0.02
MRSH Marsh & McLennan Cos	Reduce -1.0%	0.07%	−0.02
IWD iShares Russell 1000 Value E	Reduce -1.5%	0.14%	−0.02
DUK Duke Energy Corp.	Reduce -0.6%	0.10%	−0.02
MET Metlife Inc.	Reduce -2.0%	0.09%	−0.02
XYZ Block Inc.	Sold out	0.00%	−0.02
FBCG Fidelity Blue Chip Grow ETF	Sold out	0.00%	−0.02
JXN Jackson Financial Inc. Class A	Reduce -1.1%	0.15%	−0.02
IOT Samsara Inc. Class A	Sold out	0.00%	−0.02
SPYM Ste STR SPDR PT S&P 500 ETF	Reduce -86.9%	0.00%	−0.02
AB Alliancebernstein Holding LP	Reduce -2.0%	0.14%	−0.02
IWN iShares Russell 2000 Value E	Reduce -0.6%	0.13%	−0.02
AMZN Amazon.com Inc.	Reduce -5.8%	0.21%	−0.02
CLBT Cellebrite Di Ltd.	Sold out	0.00%	−0.01
EFA iShares MSCI Eafe ETF	Reduce -1.3%	0.16%	−0.01
VGK Vanguard Ftse Europe ETF	Reduce -1.4%	0.16%	−0.01
COST Costco Wholesale Corp.	Reduce -0.3%	0.10%	−0.01

Portfolio Buys Q1 2025 → Q2 2025


VGT Vanguard Info Tech ETF	New	4.93%	+4.93
VB Vanguard Most SM-Cap ETF-Usd	New	2.43%	+2.43
MTUM iShares MSCI USA Momentum Fa	New	2.39%	+2.39
XLK SS Technology Select Sector	Add +4.1%	13.22%	+1.12
PLTR Palantir Technologies Inc. Class A	New	0.26%	+0.26
NFLX Netflix Inc.	Add +15.3%	0.55%	+0.16
NVDA Nvidia Corp.	Add +4.4%	0.67%	+0.15
GILD Gilead Sciences Inc.	Add +277.3%	0.20%	+0.14
TTWO Take-Two Interactive Softwre	New	0.13%	+0.13
J Jacobs Solutions Inc.	New	0.13%	+0.13
JPM JPMorgan Chase & Co.	Add +109.9%	0.24%	+0.12
DASH DoorDash Inc. Class A	Add +492.9%	0.14%	+0.12
F Ford Motor Co.	New	0.11%	+0.11
GDE Wisdomtree Efficient Gold PL	New	0.11%	+0.11
COIN Coinbase Global Inc. Class A	New	0.10%	+0.10
GWRE Guidewire Software Inc.	New	0.09%	+0.09
STX Seagate Technology Holdings	Add +0.1%	0.29%	+0.09
GEV GE Vernova Inc.	Add +0.2%	0.27%	+0.09
AMD Advanced Micro Devices	New	0.09%	+0.09
UBER Uber Technologies Inc.	New	0.09%	+0.09
FFIV F5 Inc.	New	0.08%	+0.08
MSFT Microsoft Corp.	Add +2.8%	0.57%	+0.08
GE General Electric	Add +16.8%	0.34%	+0.08
D Dominion Energy Inc.	New	0.07%	+0.07
CRWD CrowdStrike Holdings Inc. Class A	Add +0.4%	0.31%	+0.06
SPOT Spotify Technology SA	Add +122.6%	0.09%	+0.06
FE Firstenergy Corp.	New	0.06%	+0.06
EXEL Exelixis Inc.	New	0.05%	+0.05
CVSA Covista Inc.	New	0.05%	+0.05
TDG Transdigm Group Inc.	Add +45.9%	0.17%	+0.05
MCK McKesson Corp.	New	0.04%	+0.04
PEN Penumbra Inc.	New	0.04%	+0.04
CCL Carnival Corp.	Add +2.9%	0.17%	+0.04
VOT Vngrd Mrngstr MC GRW ETF-Usd	New	0.04%	+0.04
TLN Talen Energy Corp.	New	0.03%	+0.03
WMT Walmart Inc.	New	0.03%	+0.03
BKNG Booking Holdings Inc.	New	0.03%	+0.03
META Meta Platforms Inc. Class A	Add +0.3%	0.32%	+0.03
CR Crane Co.	New	0.03%	+0.03
SHAK Shake Shack Inc. Class A	New	0.02%	+0.02
CAH Cardinal Health Inc.	Add +0.4%	0.44%	+0.02
ORCL Oracle Corp.	Add +1.8%	0.06%	+0.01
DXJ Wisdomtree Japan Hedged Eq	New	0.01%	+0.01
ETN Eaton Corp. PLC	New	0.01%	+0.01
DG Dollar General Corp.	Add +2.9%	0.10%	+0.01
BA The Boeing Co.	New	0.01%	+0.01
C Citigroup Inc.	New	0.01%	+0.01
HNGE Hinge Health Inc. Class A	New	0.01%	+0.01
AS Amer Sports Inc.	New	0.01%	+0.01
ADI Analog Devices Inc.	Add +4.5%	0.12%	+0.01

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