Instuitional Investor - Churchill Management Corp

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLB	4,821,540	$928,050,114	14.26%
2.	Invesco Qqq Tr Unit Ser 1		1,413,069	$578,680,181	8.89%
3.	Ishares Trust	IEF	1,408,462	$427,003,557	6.56%
4.	Ishares Trust	IEF	822,744	$392,967,049	6.04%
5.	Vanguard Index Fds S&P 500 Etf		885,408	$386,746,336	5.94%