Instuitional Investor - Churchill Management Corp

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLB	5,133,748	$1,193,699,012	13.02%
2.	Invesco Qqq Tr Unit Ser 1		1,840,025	$940,676,084	10.26%
3.	Spdr S & P 500 Etf Trust	SPY	1,052,321	$616,744,580	6.73%
4.	Ishares Trust	IEF	1,386,056	$556,612,556	6.07%
5.	Sector Spdr Trust	XLB	10,316,298	$498,586,662	5.44%