Corvex Management’s MDU Resources MDU Stock Holding History

Corvex Management’s Portfolio MDU Stock Details MDU Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-4,183,151	Closed	-$74.5M	–	34
2025 Q3	$74.5M	Hold	4,183,151	–	–	2.47%	16
2025 Q2	$69.7M	Sell	4,183,151 -1,688,607	-29%	-$28.4M	2.95%	13
2025 Q1	$99.3M	Sell	5,871,758 -1,237,071	-17%	-$21.4M	3.76%	10
2024 Q4	$128M	Sell	7,108,829 -11,206,580	-61%	-$197M	3.53%	9
2024 Q3	$278M	Hold	18,315,409	–	–	10.8%	3
2024 Q2	$255M	Hold	18,315,409	–	–	11.77%	3
2024 Q1	$256M	Hold	18,315,409	–	–	11.86%	3
2023 Q4	$201M	Hold	18,315,409	–	–	10.59%	3
2023 Q3	$199M	Hold	18,315,409	–	–	10.72%	3
2023 Q2	$212M	Sell	18,315,409 -8,370,142	-31%	-$94.1M	10.45%	3
2023 Q1	$309M	Hold	26,685,551	–	–	15.21%	1
2022 Q4	$308M	Hold	26,685,551	–	–	15.96%	1
2022 Q3	$278M	Buy	26,685,551 +3,731,192	+16%	+$41.2M	16.26%	1
2022 Q2	$236M	Buy	+22,954,359	New	+$233M	14.96%	1

Other funds holding MDU

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Barrow, Hanley, Mewhinney & Strauss Dallas, Texas $30.5B AUM 29.95% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

EARNEST Partners Atlanta, Georgia $24.3B AUM 34.41% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

SEI Investments Oaks, Pennsylvania $108B AUM 26.14% 1-Year Est. Return

RRAM

River Road Asset Management Louisville, Kentucky $8.99B AUM 12.83% 1-Year Est. Return

First Trust Advisors Wheaton, Illinois $140B AUM 27.84% 1-Year Est. Return

Corvex Management's MDU Position: Q4 2025 in Review

Corvex Management sold out of MDU Resources (MDU) in Q4 2025, closing a stake of 4,183,151 shares — an estimated $74.5M sold.

Corvex Management first reported a position in MDU in Q2 2022 and held it in 14 quarters. The position peaked at $309M in Q1 2023. 414 funds tracked by Wall St. Rank hold MDU as of Q4 2025.

Corvex Management reported no remaining MDU Resources position as of Q4 2025 after selling out during the quarter.
Corvex Management sold 4,183,151 MDU Resources shares in Q4 2025, an estimated $74.5M.
Corvex Management first reported a position in MDU Resources in Q2 2022 and held it in 14 quarters.
Corvex Management's MDU Resources position peaked at $309M in Q1 2023.
414 funds tracked by Wall St. Rank held MDU Resources as of Q4 2025.

Based on Corvex Management's 13F filing for Q4 2025, filed 17 Feb 2026.