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Corvex Management Portfolio holdings

AUM $3.27B
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
Cap. Flow
-$201M
Cap. Flow %
-2.43%
Top 10 Hldgs %
76.05%
Holding
58
New
17
Increased
8
Reduced
8
Closed
18

Top Buys

Rank Stock Value
1
VER
VEREIT, Inc.
VER
+$599M
2
TAP icon
Molson Coors Class B
TAP
+$116M
3
ENDP
Endo International plc
ENDP
+$106M
4
AMAT icon
Applied Materials
AMAT
+$95.8M
5
MGM icon
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
LAMR icon
Lamar Advertising Co
LAMR
+$177M
4
CCI icon
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
HUN icon
26
Huntsman Corp
HUN
$1.66B
$66.1M 0.8%
+2,981,504
New +$66.6M
VIAB
27
DELISTED
Viacom Inc. Class B
VIAB
$61.4M 0.74%
+899,191
New +$62.1M
LVLT
28
DELISTED
Level 3 Communications Inc
LVLT
$58.3M 0.7%
1,082,593
-3,406,823
-76% -$178M
MDCO
29
DELISTED
Medicines Co
MDCO
$56.6M 0.68%
+2,020,403
New +$56.8M
AXLL
30
DELISTED
AXIALL CORP COM STK (DE)
AXLL
$25.7M 0.31%
+548,000
New +$24.7M
MCD icon
31
McDonald's
MCD
$188B
$20M 0.24%
+205,000
New +$19.4M
P
32
DELISTED
Pandora Media Inc
P
$15.8M 0.19%
+973,607
New +$15.6M
ACT.PRA
33
DELISTED
ACTAVIS PLC Pfd Conv Ser A (Irl)
ACT.PRA
$15.5M 0.19%
+15,000
New +$15.7M
CRC
34
DELISTED
California Resources Corporation
CRC
$9.08M 0.11%
+119,301
New +$7.3M
CSC
35
DELISTED
Computer Sciences
CSC
$5.01M 0.06%
+182,009
New +$5.02M
CCI.PRA
36
DELISTED
Crown Castle International Corp.
CCI.PRA
$3.65M 0.04%
35,000
– –
DBRG icon
37
DigitalBridge
DBRG
$2.99B
$3M 0.04%
32,175
– –
ABUS icon
38
Arbutus Biopharma
ABUS
$1B
$2.3M 0.03%
+131,900
New +$2.7M
ZAYO
39
DELISTED
Zayo Group Holdings, Inc.
ZAYO
$1.97M 0.02%
+70,457
New +$2.01M
ARIA
40
DELISTED
Ariad Pharmaceuticals Inc
ARIA
$824K 0.01%
100,000
– –
CCI icon
41
CALL
Crown Castle
CCI
$32.4B
– –
-1,000,000
Closed -$78.7M
CLX icon
42
CALL
Clorox
CLX
$12.4B
– –
-1,015,300
Closed -$106M
DG icon
43
CALL
Dollar General
DG
$27.1B
– –
-2,000,000
Closed -$141M
DG icon
44
Dollar General
DG
$27.1B
– –
-713,621
Closed -$50.5M
DG icon
45
PUT
Dollar General
DG
$27.1B
– –
-3,200
Closed -$226K
ICE icon
46
CALL
Intercontinental Exchange
ICE
$91.1B
– –
-5,000,000
Closed -$219M
OII icon
47
Oceaneering
OII
$5.04B
– –
-2,576,110
Closed -$152M
PARA
48
DELISTED
Paramount Global Class B
PARA
– –
-1,905,497
Closed -$105M
VYX icon
49
NCR Voyix
VYX
$1.21B
– –
-8,792,709
Closed -$157M
XOP icon
50
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.78B
– –
-375,000
Closed -$71.8M
1
2
3

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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.