CM
Corvex Management Portfolio holdings
AUM
$3.27B
Turnover
38.71%
1-Year Est. Return
38.53%
This Fund
S&P 500
This Quarter
Est. Return
+8.43%
1 Year Est. Return
+38.53%
3 Year Est. Return
+95.78%
5 Year Est. Return
+93.81%
10 Year Est. Return
+360.33%
AUM
$8.27B
AUM Growth
+$118M
(+1.4%)
Cap. Flow
-$201M
Cap. Flow
% of AUM
-2.43%
Top 10 Holdings %
Top 10 Hldgs %
76.05%
Holding
58
New
17
Increased
8
Reduced
8
Closed
18
Avg Time Held Equity + Options
0.5
years
Top 10 Avg Time Held Equity + Options
0.6
years
Top 20 Avg Time Held Equity + Options
0.5
years
Avg Time Held Equity only
0.5
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VER
VEREIT, Inc.
VER
|
+$599M |
| 2 |
Molson Coors Class B
TAP
|
+$116M |
| 3 |
ENDP
Endo International plc
ENDP
|
+$106M |
| 4 |
Applied Materials
AMAT
|
+$95.8M |
| 5 |
MGM Resorts International
MGM
|
+$81.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MON
Monsanto Co
MON
|
+$290M |
| 2 |
LVLT
Level 3 Communications Inc
LVLT
|
+$178M |
| 3 |
Lamar Advertising Co
LAMR
|
+$177M |
| 4 |
Crown Castle
CCI
|
+$165M |
| 5 |
AGN
Allergan Inc
AGN
|
+$159M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 25.61% |
| 2 | Financials | 14.39% |
| 3 | Real Estate | 13.6% |
| 4 | Consumer Discretionary | 11.69% |
| 5 | Miscellaneous | 9.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Huntsman Corp
HUN
$1.44B
| $66.1M | 0.8% |
+2,981,504
| New | +$66.6M |
2015 Q1
0 quarters
|
|
|
VIAB
27
DELISTED
Viacom Inc. Class B
VIAB
| $61.4M | 0.74% |
+899,191
| New | +$62.1M |
2015 Q1
0 quarters
|
|
|
LVLT
28
DELISTED
Level 3 Communications Inc
LVLT
| $58.3M | 0.7% |
1,082,593
-3,406,823
| -76% | -$178M |
2014 Q4
1 quarter
|
|
|
MDCO
29
DELISTED
Medicines Co
MDCO
| $56.6M | 0.68% |
+2,020,403
| New | +$56.8M |
2015 Q1
0 quarters
|
|
|
AXLL
30
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $25.7M | 0.31% |
+548,000
| New | +$24.7M |
2015 Q1
0 quarters
|
|
31
McDonald's
MCD
$168B
| $20M | 0.24% |
+205,000
| New | +$19.4M |
2015 Q1
0 quarters
|
|
32
DELISTED
Pandora Media Inc
P
| $15.8M | 0.19% |
+973,607
| New | +$15.6M |
2015 Q1
0 quarters
|
|
33
DELISTED
ACTAVIS PLC Pfd Conv Ser A (Irl)
ACT.PRA
| $15.5M | 0.19% |
+15,000
| New | +$15.7M |
2015 Q1
0 quarters
|
|
34
DELISTED
California Resources Corporation
CRC
| $9.08M | 0.11% |
+119,301
| New | +$7.3M |
2015 Q1
0 quarters
|
|
|
CSC
35
DELISTED
Computer Sciences
CSC
| $5.01M | 0.06% |
+182,009
| New | +$5.02M |
2015 Q1
0 quarters
|
|
|
36
DELISTED
Crown Castle International Corp.
CCI.PRA
| $3.65M | 0.04% |
35,000
| – | – |
2013 Q4
5 quarters
|
|
37
DELISTED
DigitalBridge
DBRG
| $3M | 0.04% |
32,175
| – | – |
2014 Q4
1 quarter
|
|
38
Arbutus Biopharma
ABUS
$828M
| $2.3M | 0.03% |
+131,900
| New | +$2.7M |
2015 Q1
0 quarters
|
|
|
ZAYO
39
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $1.97M | 0.02% |
+70,457
| New | +$2.01M |
2015 Q1
0 quarters
|
|
|
ARIA
40
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $824K | 0.01% |
100,000
| – | – |
2013 Q4
5 quarters
|
|
|
41
CALL
Crown Castle
CCI
$33.7B
| – | – |
-1,000,000
| Closed | -$78.7M | – |
|
42
CALL
Clorox
CLX
$10.2B
| – | – |
-1,015,300
| Closed | -$106M | – |
|
43
CALL
Dollar General
DG
$28.3B
| – | – |
-2,000,000
| Closed | -$141M | – |
|
|
44
Dollar General
DG
$28.3B
| – | – |
-713,621
| Closed | -$50.5M | – |
|
|
45
PUT
Dollar General
DG
$28.3B
| – | – |
-3,200
| Closed | -$226K | – |
|
46
CALL
Intercontinental Exchange
ICE
$87.1B
| – | – |
-5,000,000
| Closed | -$219M | – |
|
47
Oceaneering
OII
$4.29B
| – | – |
-2,576,110
| Closed | -$152M | – |
|
48
DELISTED
Paramount Global Class B
PARA
| – | – |
-1,905,497
| Closed | -$105M | – |
|
49
NCR Voyix
VYX
$942M
| – | – |
-8,792,709
| Closed | -$157M | – |
|
50
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.27B
| – | – |
-375,000
| Closed | -$71.8M | – |
|
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Corvex Management's Q1 2015 Portfolio in Review
As of Q1 2015, Corvex Management held 58 positions worth $8.27B, up 1.4% from $8.15B the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Corvex Management's Q1 2015 filing shows 17 new, 8 increased, 8 reduced and 18 closed positions. Its largest new stake was Endo International plc: 1,265,561 shares worth $114M. The largest sale was Monsanto Co, an estimated $290M.
By sector, the portfolio is most concentrated in Energy at 26% of assets, up from 25% a quarter earlier, followed by Financials and Real Estate.
- Corvex Management's largest Q1 2015 buy was Endo International plc: 1,265,561 shares worth $114M.
- Corvex Management added most to VEREIT, Inc. in Q1 2015, an estimated $599M increase.
- Corvex Management's biggest Q1 2015 reduction was Level 3 Communications Inc, cutting an estimated $178M.
- Corvex Management fully exited Monsanto Co in Q1 2015, selling an estimated $290M.
- Corvex Management's ten largest holdings make up 76% of its $8.27B portfolio in Q1 2015.
- Corvex Management opened 17 new positions and closed 18 in Q1 2015.
- Corvex Management's portfolio value rose 1.4% quarter-over-quarter to $8.27B.
Based on Corvex Management's 13F filing for Q1 2015, filed 15 May 2015.