Churchill Management Group has been managing investments for over 50 years and it has a current portfolio of $2.43 billion, according to its recent SEC 13F filing on October 7, 2014. Starbucks Corporation (NASDAQ:SBUX), Schlumberger Limited. (NYSE:SLB), Lowe’s Companies, Inc. (NYSE:LOW) are among the top three stock investments of Churchill Group Management.
Starbucks Corporation (NASDAQ:SBUX) is the largest stock holding in Churchill Management Group’s portfolio with 1,674,035 shares worth $126 million. It was an excellent third quarter 2014 for the coffee chain with net revenues of $4.2 billion and an increase of 6% in its global comparable store sales. Starbucks Corporation (NASDAQ:SBUX) reported net earnings of 67 cents per share for the quarter. Columbus Circle Investors is the primary investor of Starbucks Corporation (NASDAQ:SBUX) with $253 million invested in the company and Citadel Investment Group ($233 million) along with Adage Capital Management ($88 million) follow the order.
Churchill Group Management has its second largest stock investment in Schlumberger Limited (NYSE:SLB) with investments worth $71 million and 704,672 shares of the company. Schlumberger Limited. (NYSE:SLB) reported net revenues of $12.05 billion in its second quarter 2014 and the company repurchased its common stocks of worth $1.17 billion during the quarter. Fisher Asset Management is the prime investor in Schlumberger Limited (NYSE:SLB) investing $491 million followed by Greenhaven Associates ($429 million) and Adage Capital Management ($290 million).
Lowe’s Companies, Inc. (NYSE:LOW) is the third largest stock investment of Churchill Management Group with 1,337,967 shares of the company with market value of $70 million. Lowe’s Companies, Inc. (NYSE:LOW) had net earnings of $1.04 billion during its second quarter 2014 along with net sales of $16.59 billion. Some of Lowe’s Companies, Inc. (NYSE:LOW)’s primary investors include Viking Global ($1.09 billion), Greenhaven Associates ($541 million), and Iridian Asset Management.
This article has been written and edited by Prakash Pandey.