{
  "crd_number": 175092,
  "slug": "churchill-asset-management-llc-new-york-ny-175092",
  "primary_business_name": "CHURCHILL ASSET MANAGEMENT LLC",
  "legal_name": "CHURCHILL ASSET MANAGEMENT LLC",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-03-30",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-06-15",
  "carried_forward": false,
  "raum_total": 55662946430.0,
  "raum_discretionary": 55662946430.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 206,
  "advisory_employees": 79,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 3841209134.0,
      "count": 9,
      "description": "CERTAIN FOREIGN INSTITUTIONAL INVESTORS"
    },
    "insurance_companies": {
      "raum": 19525933897.0,
      "count": 8
    },
    "investment_companies": {
      "raum": 1060168330.0,
      "count": 2
    },
    "pooled_investment_vehicles": {
      "raum": 24503846266.0,
      "count": 48
    },
    "business_development_companies": {
      "raum": 5107993873.0,
      "count": 3
    },
    "sovereign_wealth_foreign_official": {
      "raum": 1623794930.0,
      "count": 2,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based",
    "subscription"
  ],
  "advisory_activities": [
    "other",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 2,
  "states_registered": [
    "TX"
  ],
  "websites": [
    "https://churchillam.com",
    "https://linkedin.com/company/churchill-asset-management?viewasmember=true",
    "https://ncdl.com",
    "https://theleadleft.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/175092",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    }
  ],
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/churchill-asset-management-llc-new-york-ny-175092",
  "display_name": "Churchill Asset Management LLC",
  "summary": "Churchill Asset Management LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2015, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 15, 2026.",
  "citation": "AdvisorCensus. Churchill Asset Management LLC (CRD 175092): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Subscription fees (for a newsletter or periodical)",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Publication of periodicals or newsletters",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Churchill Asset Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Churchill Asset Management LLC reports these compensation arrangements: a percentage of assets under its management; subscription fees (for a newsletter or periodical); fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Churchill Asset Management LLC located?",
      "a": "Churchill Asset Management LLC's principal office is in New York, NY, according to its Form ADV; the July 2026 filing also lists 4 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Churchill Asset Management LLC registered with the SEC or a state?",
      "a": "Churchill Asset Management LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 175092."
    },
    {
      "q": "How much does Churchill Asset Management LLC manage?",
      "a": "Churchill Asset Management LLC reports $55,662,946,430 in regulatory assets under management in its Form ADV filing dated June 15, 2026 (100% discretionary)."
    },
    {
      "q": "How have Churchill Asset Management LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Churchill Asset Management LLC: Regulatory assets under management: $17,891,891,077 in the October 2021 data and $55,662,946,430 in the October 2026 data, up 211%. Total employees: 90 in October 2021 and 206 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Churchill Asset Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (48); other (9); insurance companies (8)."
    },
    {
      "q": "Which custodians does Churchill Asset Management LLC use?",
      "a": "Churchill Asset Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists JP Morgan Chase Bank NA, State Street Bank and Trust Company, The Bank of New York Mellon and US Bank National Association as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Churchill Asset Management LLC report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/175092"
    },
    {
      "q": "What changed in Churchill Asset Management LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 73 to 79. Regulatory assets under management went from $47,142,923,417 to $55,662,946,430 (+18%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 17891891077.0,
      "total_employees": 90,
      "filing_date": "2021-04-22"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 26829876169.0,
      "total_employees": 114,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 38412615731.0,
      "total_employees": 155,
      "filing_date": "2023-09-08"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 42453206348.0,
      "total_employees": 167,
      "filing_date": "2024-08-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 47142923417.0,
      "total_employees": 198,
      "filing_date": "2025-04-03"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 55662946430.0,
      "total_employees": 206,
      "filing_date": "2026-06-15"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 73 to 79.",
        "Regulatory assets under management went from $47,142,923,417 to $55,662,946,430 (+18%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "JP Morgan Chase Bank NA",
      "name_as_filed": "JP MORGAN CHASE BANK NA",
      "affiliated": false
    },
    {
      "name": "State Street Bank and Trust Company",
      "name_as_filed": "STATE STREET BANK AND TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "The Bank of New York Mellon",
      "name_as_filed": "THE BANK OF NEW YORK MELLON",
      "affiliated": false
    },
    {
      "name": "US Bank National Association",
      "name_as_filed": "US BANK NATIONAL ASSOCIATION",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/churchill-asset-management-llc-new-york-ny-175092.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 2,
      "fewer_than_5": false,
      "raum": 1060168330.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 3,
      "fewer_than_5": false,
      "raum": 5107993873.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 48,
      "fewer_than_5": false,
      "raum": 24503846266.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 8,
      "fewer_than_5": false,
      "raum": 19525933897.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 2,
      "fewer_than_5": true,
      "raum": 1623794930.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 9,
      "fewer_than_5": false,
      "raum": 3841209134.0
    }
  ],
  "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/175092",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}