Churchill Management Corp.

Churchill Management as of June 30, 2014

Portfolio Holdings for Churchill Management

Churchill Management holds 189 positions in its portfolio as reported in the June 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
SPDR S&P MidCap 400 ETF (MDY) 10.1 $223M 856k 260.56
Spdr S&p 500 Etf (SPY) 9.3 $207M 1.1M 195.72
iShares NASDAQ Biotechnology Index (IBB) 6.9 $153M 595k 257.03
iShares Russell 1000 Value Index (IWD) 6.4 $142M 1.4M 101.27
iShares Russell 2000 Value Index (IWN) 6.3 $141M 1.4M 103.26
iShares Russell Midcap Value Index (IWS) 6.0 $132M 1.8M 72.61
iShares Russell 2000 Index (IWM) 4.6 $103M 862k 118.81
Schlumberger (SLB) 4.3 $96M 810k 117.95
Market Vectors Oil Service Etf 3.9 $86M 1.5M 57.76
iShares Dow Jones US Aerospace & Def.ETF (ITA) 3.8 $84M 778k 107.84
PowerShares QQQ Trust, Series 1 3.8 $84M 890k 93.91
Financial Select Sector SPDR (XLF) 3.0 $66M 2.9M 22.74
Biogen Idec (BIIB) 2.1 $46M 145k 315.31
First Trust Mid Cap Core Alpha Fnd (FNX) 1.2 $27M 498k 53.45
Technology SPDR (XLK) 1.2 $26M 690k 38.35
Health Care SPDR (XLV) 1.1 $25M 415k 60.83
Google 1.1 $24M 42k 584.67
Google Inc Class C 1.1 $24M 42k 575.28
Consumer Discretionary SPDR (XLY) 0.8 $17M 259k 66.74
Industrial SPDR (XLI) 0.8 $17M 310k 54.06
Dow Chemical Company 0.6 $13M 258k 51.46
Tesla Motors (TSLA) 0.5 $12M 49k 240.07
Apple (AAPL) 0.5 $10M 107k 92.93
Materials SPDR (XLB) 0.4 $9.4M 189k 49.64
Utilities SPDR (XLU) 0.4 $9.2M 208k 44.26
BE Aerospace 0.4 $8.5M 92k 92.49
PerkinElmer (RVTY) 0.4 $8.5M 181k 46.84
Halliburton Company (HAL) 0.4 $8.4M 118k 71.01
At&t (T) 0.4 $7.9M 223k 35.36
Lorillard 0.4 $8.0M 131k 60.97
Pepco Holdings 0.3 $7.6M 277k 27.48
SPDR S&P Oil & Gas Explore & Prod. 0.3 $7.4M 90k 82.28
Reynolds American 0.3 $7.1M 118k 60.35
AGL Resources 0.3 $6.9M 125k 55.03
Cummins (CMI) 0.3 $6.9M 45k 154.30
Merck & Co (MRK) 0.3 $6.8M 118k 57.85
Williams Companies (WMB) 0.3 $6.8M 116k 58.21
Altria (MO) 0.3 $6.7M 160k 41.94
Energy Select Sector SPDR (XLE) 0.3 $6.8M 68k 100.10
Consumer Staples Select Sect. SPDR (XLP) 0.3 $6.7M 151k 44.62
Archer Daniels Midland Company (ADM) 0.3 $6.5M 147k 44.11
Microsoft Corporation (MSFT) 0.3 $6.3M 151k 41.70
Western Digital (WDC) 0.3 $6.2M 67k 92.30
Medical Properties Trust (MPW) 0.3 $6.3M 476k 13.24
Ameren Corporation (AEE) 0.3 $6.0M 146k 40.88
Dominion Resources (D) 0.3 $6.0M 84k 71.52
Ryder System (R) 0.3 $6.1M 69k 88.10
Frontier Communications 0.3 $5.9M 1.0M 5.84
Ball Corporation (BALL) 0.3 $6.0M 96k 62.68
Pfizer (PFE) 0.3 $5.8M 196k 29.68
Health Care REIT 0.3 $5.7M 91k 62.66
First Trust Amex Biotech Index Fnd (FBT) 0.3 $5.7M 69k 82.33
Union Pacific Corporation (UNP) 0.2 $5.6M 57k 99.75
Lockheed Martin Corporation (LMT) 0.2 $5.4M 34k 160.72
New York Community Ban (NYCB) 0.2 $5.5M 345k 15.98
Eli Lilly & Co. (LLY) 0.2 $5.3M 85k 62.17
Ventas (VTR) 0.2 $5.3M 83k 64.10
Cameron International Corporation 0.2 $5.4M 80k 67.71
Spansion 0.2 $5.2M 249k 21.07
Lennar Corporation (LEN) 0.2 $5.1M 122k 41.98
Caterpillar (CAT) 0.2 $5.0M 46k 108.67
Qualcomm (QCOM) 0.2 $4.9M 61k 79.19
Ensco Plc Shs Class A 0.2 $4.9M 89k 55.57
Continental Resources 0.2 $4.6M 29k 158.03
Spectra Energy 0.2 $4.7M 110k 42.48
Hewlett-Packard Company 0.2 $4.7M 140k 33.68
PPL Corporation (PPL) 0.2 $4.3M 122k 35.53
F5 Networks (FFIV) 0.2 $4.4M 39k 111.44
Yum! Brands (YUM) 0.2 $4.2M 52k 81.21
Maxim Integrated Products 0.2 $4.3M 127k 33.81
Illinois Tool Works (ITW) 0.2 $4.2M 47k 87.55
Hollysys Automation Technolo (HOLI) 0.2 $4.2M 172k 24.49
Pitney Bowes (PBI) 0.2 $4.0M 145k 27.62
Cosan Ltd shs a 0.2 $4.0M 294k 13.56
Devon Energy Corporation (DVN) 0.2 $3.8M 47k 79.41
Valero Energy Corporation (VLO) 0.2 $3.7M 74k 50.10
Huntsman Corporation (HUN) 0.2 $3.7M 131k 28.10
iShares S&P 500 Value Index (IVE) 0.2 $3.7M 42k 90.29
Entergy Corporation (ETR) 0.2 $3.5M 43k 82.08
Cisco Systems (CSCO) 0.1 $3.3M 133k 24.85
Equity Residential (EQR) 0.1 $3.2M 51k 63.00
Zimmer Holdings (ZBH) 0.1 $3.3M 32k 103.85
priceline.com Incorporated 0.1 $3.1M 2.6k 1202.92
Invesco (IVZ) 0.1 $3.1M 83k 37.75
Integrys Energy 0.1 $3.0M 43k 71.14
Via 0.1 $2.9M 33k 86.73
Microchip Technology (MCHP) 0.1 $3.0M 61k 48.81
Genworth Financial (GNW) 0.1 $2.8M 159k 17.40
American Express Company (AXP) 0.1 $2.6M 27k 94.86
ConocoPhillips (COP) 0.1 $2.7M 32k 85.74
Coca-cola Enterprises 0.1 $2.7M 56k 47.77
Market Vectors Etf Tr Biotech 0.1 $2.7M 29k 95.39
Kraft Foods 0.1 $2.7M 46k 59.94
Lam Research Corporation (LRCX) 0.1 $2.4M 36k 67.59
CenterPoint Energy (CNP) 0.1 $2.4M 96k 25.54
MasterCard Incorporated (MA) 0.1 $2.2M 30k 73.47
FedEx Corporation (FDX) 0.1 $2.2M 15k 151.41
Northrop Grumman Corporation (NOC) 0.1 $2.1M 18k 119.64
Air Products & Chemicals (APD) 0.1 $2.3M 18k 128.61
American Electric Power Company (AEP) 0.1 $2.2M 40k 55.78
Murphy Oil Corporation (MUR) 0.1 $2.2M 33k 66.48
Cypress Semiconductor Corporation 0.1 $2.2M 198k 10.91
Annaly Capital Management 0.1 $2.0M 172k 11.43
Johnson & Johnson (JNJ) 0.1 $2.1M 20k 104.63
Medtronic 0.1 $2.0M 32k 63.75
Becton, Dickinson and (BDX) 0.1 $2.0M 17k 118.32
Honeywell International (HON) 0.1 $2.0M 21k 92.95
Toro Company (TTC) 0.1 $1.9M 30k 63.61
Tesoro Corporation 0.1 $2.1M 35k 58.67
MetLife (MET) 0.1 $2.0M 36k 55.55
Allegheny Technologies Incorporated (ATI) 0.1 $2.1M 46k 45.10
HCP 0.1 $2.0M 49k 41.39
Adobe Systems Incorporated (ADBE) 0.1 $1.8M 25k 72.36
Alcoa 0.1 $1.8M 121k 14.89
CIGNA Corporation 0.1 $1.7M 19k 91.99
Hospitality Properties Trust 0.1 $1.9M 61k 30.41
Broadcom Corporation 0.1 $1.7M 45k 37.13
iShares Russell Midcap Index Fund (IWR) 0.1 $1.7M 10k 162.61
Home Depot (HD) 0.1 $1.6M 19k 80.98
Agilent Technologies Inc C ommon (A) 0.1 $1.6M 27k 57.44
iShares Russell 1000 Growth Index (IWF) 0.1 $1.6M 18k 90.93
iShares Russell Midcap Growth Idx. (IWP) 0.1 $1.6M 18k 89.58
Total System Services 0.1 $1.2M 40k 31.42
AutoNation (AN) 0.1 $1.4M 23k 59.68
McDonald's Corporation (MCD) 0.1 $1.4M 14k 100.75
Baker Hughes Incorporated 0.1 $1.3M 17k 74.42
iShares MSCI Emerging Markets Indx (EEM) 0.1 $1.2M 28k 43.21
Walt Disney Company (DIS) 0.1 $1.1M 13k 85.70
CVS Caremark Corporation (CVS) 0.1 $1.0M 14k 75.39
McKesson Corporation (MCK) 0.1 $1.0M 5.5k 186.21
Nextera Energy (NEE) 0.1 $1.1M 11k 102.47
iShares MSCI EAFE Index Fund (EFA) 0.1 $1.2M 17k 68.36
EQT Corporation (EQT) 0.1 $1.1M 10k 106.91
Boston Properties (BXP) 0.1 $1.1M 9.3k 118.16
Vanguard Emerging Markets ETF (VWO) 0.1 $1.2M 28k 43.14
O'reilly Automotive (ORLY) 0.1 $1.2M 8.1k 150.64
Vanguard European ETF (VGK) 0.1 $1.2M 20k 59.93
PowerShares Dynamic Pharmaceuticals 0.1 $1.1M 18k 61.07
Public Storage (PSA) 0.0 $981k 5.7k 171.41
Verizon Communications (VZ) 0.0 $854k 18k 48.92
Visa (V) 0.0 $859k 4.1k 210.69
Norfolk Southern (NSC) 0.0 $582k 5.6k 103.06
H&R Block (HRB) 0.0 $695k 21k 33.52
MeadWestva 0.0 $608k 14k 44.23
Snap-on Incorporated (SNA) 0.0 $633k 5.3k 118.49
BorgWarner (BWA) 0.0 $561k 8.6k 65.19
F.N.B. Corporation (FNB) 0.0 $627k 49k 12.81
SanDisk Corporation 0.0 $757k 7.2k 104.44
Industries N shs - a - (LYB) 0.0 $565k 5.8k 97.72
Actavis 0.0 $564k 2.5k 223.01
Time Warner Cable 0.0 $386k 2.6k 147.16
Assurant (AIZ) 0.0 $366k 5.6k 65.53
Ameriprise Financial (AMP) 0.0 $462k 3.8k 120.03
Chevron Corporation (CVX) 0.0 $334k 2.6k 130.72
Regions Financial Corporation (RF) 0.0 $333k 31k 10.61
TECO Energy 0.0 $368k 20k 18.49
Raytheon Company 0.0 $421k 4.6k 92.14
Allstate Corporation (ALL) 0.0 $402k 6.8k 58.78
Gilead Sciences (GILD) 0.0 $399k 4.8k 82.93
Southern Company (SO) 0.0 $364k 8.0k 45.38
Fiserv (FI) 0.0 $409k 6.8k 60.32
Old Republic International Corporation (ORI) 0.0 $413k 25k 16.55
Public Service Enterprise (PEG) 0.0 $346k 8.5k 40.75
Precision Castparts 0.0 $519k 2.1k 252.19
People's United Financial 0.0 $324k 21k 15.16
Waste Management (WM) 0.0 $282k 6.3k 44.71
Consolidated Edison (ED) 0.0 $311k 5.4k 57.72
Leggett & Platt (LEG) 0.0 $201k 5.9k 34.24
International Paper Company (IP) 0.0 $290k 5.8k 50.43
Philip Morris International (PM) 0.0 $299k 3.6k 84.23
Texas Instruments Incorporated (TXN) 0.0 $200k 4.2k 47.68
Walgreen Company 0.0 $288k 3.9k 74.19
Freeport-McMoRan Copper & Gold (FCX) 0.0 $293k 8.0k 36.47
Applied Materials (AMAT) 0.0 $311k 14k 22.56
Doi Holding 0.0 $139k 252k 0.55
Duke Energy (DUK) 0.0 $208k 2.8k 74.07
AMP Holding 0.0 $3.0k 30k 0.10
Single Touch Systems 0.0 $52k 137k 0.38
Effective Control Transport (EFFC) 0.0 $0 692k 0.00
USD.001 Ibio 0.0 $8.0k 20k 0.40
Vicor Technologies 0.0 $0 10k 0.00
Enzyme Environmental (EESO) 0.0 $0 50k 0.00
Smokefree Innotec 0.0 $0 11k 0.00
Investors Real Estate Tr 0.0 $0 26k 0.00
Xenonics Hldgs 0.0 $7.8k 65k 0.12
Pro Minerals 0.0 $0 115k 0.00
Grandparents 0.0 $16k 48k 0.33
Nutripure Beverages In (NBVG) 0.0 $0 100k 0.00
Orora 0.0 $68k 50k 1.36