Instuitional Investor - Churchill Management Corp

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLB	4,809,901	$1,218,011,154	13.22%
2.	Invesco Qqq Tr Etf Unit Ser 1		1,307,145	$721,073,217	7.83%
3.	Spdr S & P 500 Etf Trust	SPY	1,067,120	$659,320,091	7.16%
4.	Sector Spdr Trust	XLB	10,077,535	$527,760,483	5.73%
5.	Ishares Trust	IEF	826,375	$513,096,187	5.57%