# Churchill Investment Management LLC

> Churchill Investment Management LLC is an SEC-registered investment advisory firm in Charlotte, NC, registered since 2021, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 21, 2026.

- CRD: 305060
- Filed as: CHURCHILL INVESTMENT MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Charlotte, NC
- Filing period: October 2026
- Form ADV filing dated: August 21, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/305060
- AdvisorCensus page: https://advisorcensus.com/firm/churchill-investment-management-llc-charlotte-nc-305060

## Quick answers

**How is Churchill Investment Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Churchill Investment Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other.

**Where is Churchill Investment Management LLC located?**
Churchill Investment Management LLC's principal office is in Charlotte, NC, according to its Form ADV; the September 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Churchill Investment Management LLC registered with the SEC or a state?**
Churchill Investment Management LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 305060.

**How much does Churchill Investment Management LLC manage?**
Churchill Investment Management LLC reports $12,143,283,506 in regulatory assets under management in its Form ADV filing dated August 21, 2026 (100% discretionary).

**How have Churchill Investment Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Churchill Investment Management LLC: Regulatory assets under management: $394,181,531 in the October 2021 data and $12,143,283,506 in the October 2026 data, up 2981%. Total employees: 34 in October 2021 and 101 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Churchill Investment Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7); other (1).

**Does Churchill Investment Management LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/305060

**Does Churchill Investment Management LLC state an account minimum?**
Its Form ADV Part 2A brochure dated August 21, 2026 says: "As a condition for starting and maintaining an advisory relationship, the Firm generally imposes a minimum portfolio size of at least $5,000,000 for its both its Funds and SMA clients."

**What changed in Churchill Investment Management LLC's recent Form ADV filings?**
In the September 2026 filing data: No longer lists an office in Charlotte, NC.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Fees and minimums (Form ADV Part 2A brochure dated August 21, 2026)

- Account minimum: $5,000,000

> As a condition for starting and maintaining an advisory relationship, the Firm generally imposes a minimum portfolio size of at least $5,000,000 for its both its Funds and SMA clients.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $12,143,283,506
- Discretionary: $12,137,466,737
- Non-discretionary: $5,816,769

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $12,137,466,737 |
| Other | 1 | $5,816,769 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2021 (5 years)
- Employees: 101 total, 16 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NC, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- New York, NY
- Tokyo

### Websites listed on Form ADV (Item 1.I)
- [churchillre.com](https://churchillre.com)
- LinkedIn @churchill-re

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $394,181,531 | 34 | June 23, 2021 |
| October 2022 | $2,309,386,979 | 50 | March 31, 2022 |
| October 2023 | $275,013,415 | 62 | September 19, 2023 |
| October 2024 | $187,071,471 | 85 | June 13, 2024 |
| October 2025 | $10,006,003,201 | 87 | April 4, 2025 |
| October 2026 | $12,143,283,506 | 101 | August 21, 2026 |

Regulatory assets under management: $394,181,531 in the October 2021 data and $12,143,283,506 in the October 2026 data, up 2981%.
Total employees: 34 in October 2021 and 101 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- No longer lists an office in Charlotte, NC.

### April 2026
- Regulatory assets under management went from $10,006,003,201 to $12,143,283,506 (+21%).
- Employees performing advisory functions went from 55 to 16.
- Added an office in Charlotte, NC.

### February 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Churchill Investment Management LLC (CRD 305060): Form ADV filing data as of October 2026.