CHURCHILL MANAGEMENT Corp Q2 2023 vs. Q3 2023 13F Holdings Comparison

The world of investments thrives on data and analysis. It is crucial for fund managers and investors to stay updated with the latest changes in holdings for various funds. In this article, we will take a closer look at the Q2 2023 vs. Q3 2023 13F holdings comparison for Churchill Management Corp.

Churchill Management Corp is a well-known investment management firm that offers a range of services to institutional and individual investors. Their portfolio includes a diverse set of holdings, which we will explore in this article. Let's dive into the analysis and understand the changes in holdings that occurred between Q2 2023 and Q3 2023.

Technology stocks have always been a popular choice among investors, and Churchill Management Corp seems to agree. In Q2 2023, they held 4,240,084 shares of Select Sector SPDR TR Technolo (XLK), which increased to 4,408,631 shares in Q3 2023. Despite the increase in share quantity, there was a slight decrease in value, from $737,180,000 to $722,706,000. This change represents a 2% decrease in value.

Another notable technology stock in Churchill Management Corp's portfolio is Invesco QQQ TR Unit Ser 1 (QQQ). In Q2 2023, they held 1,053,812 shares, which reduced to 1,036,408 shares in Q3 2023. The value of this holding also decreased from $389,299,000 to $371,313,000, representing a 4.6% decrease in value.

Moving on to the S&P 500, Churchill Management Corp had substantial holdings in iShares TR Core S&P500 ETF (IVV) and Vanguard Index FDS S&P 500 ETF (VOO). In Q2 2023, they held 884,297 shares of IVV, which reduced to 863,268 shares in Q3 2023. The value of this holding decreased by 5.9%, from $394,140,000 to $370,713,000. Similarly, their holdings in VOO decreased from 908,602 shares to 897,708 shares, with a value decrease from $370,055,000 to $352,529,000.

Churchill Management Corp also shows a preference for sector-specific ETFs. Among their holdings, Select Sector SPDR TR SBI CONS (XLY) caught our attention. In just one quarter, Q2 2023 to Q3 2023, they increased their holdings from 1,685,773 shares to 2,003,099 shares, with the value increasing from $286,261,000 to $322,458,000. This change represents a significant 12.6% increase in value.

It's also worth noting the increase in holdings of Select Sector SPDR TR INDL (XLI). In Q2 2023, Churchill Management Corp held 1,263,064 shares, which surged to 1,745,874 shares in Q3 2023. This increase in quantity led to a rise in value from $135,552,000 to $176,996,000, representing an impressive 30.6% increase in value.

While the majority of the changes in holdings for Churchill Management Corp were decreases in value, there were a few stocks that showed positive changes. Notably, Alphabet Inc Cap Stk CL A (GOOGL) saw an increase in their holdings from 215,460 shares to 250,079 shares, with a value increase of 26.9%, from $25,790,000 to $32,725,000. Valero Energy Corp Com (VLO) also experienced an increase in value, from $15,706,000 to $18,033,000, representing a 14.8% increase.

These changes in holdings offer an interesting perspective on Churchill Management Corp's investment strategy. It is important to note that this analysis is based solely on the available data and may not reflect the complete picture. Nonetheless, it provides valuable insights for individuals looking to understand the investment decisions made by Churchill Management Corp.

In conclusion, the Q2 2023 vs. Q3 2023 13F holdings comparison for Churchill Management Corp sheds light on the changes in their portfolio. While there were a few positive changes, the majority of the holdings experienced a decrease in value. This analysis serves as a valuable resource for fund managers, investors, and individuals interested in understanding market trends and investment strategies.