Instuitional Investor - Churchill Management Corp

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLB	4,619,895	$953,915,871	12.1%
2.	Invesco Qqq Tr Etf Unit Ser 1		1,356,746	$636,205,262	8.07%
3.	Spdr S & P 500 Etf Trust	SPY	1,045,562	$584,876,894	7.42%
4.	Sector Spdr Trust	XLB	10,112,436	$503,700,427	6.39%
5.	Ishares Trust	IEF	1,382,503	$499,208,046	6.33%