Churchill Investment Management: AUM & Ownership

Clients

Churchill Investment Management serves 8 clients, 7 of them pooled investment vehicles. The average client has about $1.52 billion with the firm.

Regulatory assets by client type

Pooled investment vehicles7 clients100%
Other1 clients0%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Pooled investment vehicles	7	$12,137,466,737	100.0%	$1.73B
Other	1	$5,816,769	0.0%	$5.82M
Total	8	$12,143,283,506	100%	$1.52B

Pooled investment vehicles

Clients: 7
Regulatory AUM: $12,137,466,737
Share: 100.0%
Avg. per client: $1.73B

Other

Clients: 1
Regulatory AUM: $5,816,769
Share: 0.0%
Avg. per client: $5.82M

Total

Clients: 8
Regulatory AUM: $12,143,283,506
Share: 100%
Avg. per client: $1.52B

What it does

Churchill Investment Management provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets, performance-based fees and other arrangements.

Churchill Investment Management advises no private funds.

Nearly all assets ($12.14B across 7 accounts) are managed with discretion; $5.82M across 1 account is not. 75% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Other100%
- Investments in residential mortgage loans.100%

Custodians

Churchill Investment Management has custody of client assets.

Managed account assets by custodian

All other custodians$12.14B100%

Ownership and leadership

Churchill Investment Advisors LLC owns 75% or more of Churchill Investment Management.

Who owns the firm

Churchill Investment Management LLC· the adviser

Churchill Investment Advisors LLC
Control person · since May 2019
Owns 75% or more of Churchill Investment Management LLC
- Churchill Finance LLC
  Control person · since September 2021
  Owns 75% or more of Churchill Investment Advisors LLC
  - MRC-CH Acquisition LLC
    Control person · since March 2023
    Owns 50% to 75% of Churchill Finance LLC
    - MRC-CH Holdings LLC
      Control person · since February 2023
      Owns 75% or more of MRC-CH Acquisition LLC
      - MRC-CH Investor LLC
        Control person · since February 2023
        Owns 75% or more of MRC-CH Holdings LLC

Leadership

Anthony Cardiero
Chief Financial Officer
Paris Singer
General Counsel and Chief Compliance Officer
Justin Ehrlich
Managing Partner
Derrick Land
Managing Partner
Sorabh Maheshwari
Managing Partner
Stephen Masters
Managing Partner

Staff

101 employees
16 in advisory functions

Fees

Churchill Investment Management is paid through a percentage of assets under management, performance-based fees and other.

Churchill Investment Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Churchill Investment Management has 2 offices, with 2 listed addresses across 2 states.

Listed office addresses by state

North Carolina · 1 listed address

4444 South BLVD, CharlotteHQ

Registration details

Legal name: Churchill Investment Management LLC
Headquarters: 4444 South BLVD, Charlotte, NC 28209
Phone: 646-517-5353
Website: Not reported
SEC file: 801-121168
Structure: Delaware LLC
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Churchill Investment Management have?

Churchill Investment Management has 8 clients and manages $12.1 billion for them, as of August 2026. They include 7 pooled investment vehicles and 1 other clients.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 21 August 2026

What services does Churchill Investment Management offer?

Churchill Investment Management provides portfolio management for pooled vehicles and portfolio management for institutions.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Churchill Investment Management have?

Churchill Investment Management has 0 investment adviser representatives registered with state securities authorities, out of 101 employees, and 16 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Churchill Investment Management invest in?

At the end of its last fiscal year, Churchill Investment Management’s separately managed accounts held 100% investments in residential mortgage loans.. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Churchill Investment Management?

Churchill Investment Management is owned through a chain of holding companies by Brian Shatz and Joshua Zegen. Its direct owner is Churchill Investment Advisors LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 21 August 2026

How does Churchill Investment Management get paid?

Churchill Investment Management is paid through a percentage of assets under management, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file