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Corvex Management Portfolio holdings
AUM
$2.52B
1-Year Est. Return
25.53%
This Fund
S&P 500
This Quarter
Est. Return
+3.09%
1 Year Est. Return
+25.53%
3 Year Est. Return
+64.15%
5 Year Est. Return
+76.52%
10 Year Est. Return
+305.53%
AUM
$9.14B
AUM Growth
+$873M
(+11%)
Cap. Flow
+$882M
Cap. Flow
% of AUM
9.65%
Top 10 Holdings %
Top 10 Hldgs %
80.63%
Holding
55
New
15
Increased
13
Reduced
5
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Yum! Brands
YUM
|
+$1.27B |
| 2 |
Ball Corp
BALL
|
+$176M |
| 3 |
Cheniere Energy
LNG
|
+$170M |
| 4 |
AutoNation
AN
|
+$77M |
| 5 |
Perrigo
PRGO
|
+$68.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lamar Advertising Co
LAMR
|
+$181M |
| 2 |
Crown Castle
CCI
|
+$134M |
| 3 |
Intercontinental Exchange
ICE
|
+$90.9M |
| 4 |
Signet Jewelers
SIG
|
+$83.6M |
| 5 |
Applied Materials
AMAT
|
+$82.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 27.97% |
| 2 | Consumer Discretionary | 25.61% |
| 3 | Financials | 12.26% |
| 4 | Healthcare | 7.91% |
| 5 | Communication Services | 4.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
McDonald's
MCD
$186B
| $38.5M | 0.42% |
405,000
+200,000
| +98% | +$19.3M |
|
|
MON
27
DELISTED
Monsanto Co
MON
| $32M | 0.35% |
+300,000
| New | +$34.8M |
|
28
Humana
HUM
$47B
| $24.5M | 0.27% |
+128,000
| New | +$23.8M |
|
|
AET
29
DELISTED
Aetna Inc
AET
| $24M | 0.26% |
+188,000
| New | +$21.5M |
|
30
Teva Pharmaceuticals
TEVA
$35.7B
| $23.9M | 0.26% |
+405,000
| New | +$25M |
|
|
P
31
DELISTED
Pandora Media Inc
P
| $23.3M | 0.25% |
1,498,507
+524,900
| +54% | +$9.22M |
|
32
Group 1 Automotive
GPI
$3.85B
| $21.5M | 0.24% |
+236,638
| New | +$20.2M |
|
|
AXLL
33
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $19.8M | 0.22% |
548,000
| – | – |
|
|
KSU
34
DELISTED
Kansas City Southern
KSU
| $16M | 0.17% |
+175,000
| New | +$17.3M |
|
|
AGN.PRA
35
DELISTED
Allergan plc
AGN.PRA
| $15.7M | 0.17% |
+15,000
| New | +$15.7M |
|
36
AbbVie
ABBV
$452B
| $12.1M | 0.13% |
+179,760
| New | +$11.7M |
|
|
37
Lamar Advertising Co
LAMR
$16B
| $9.52M | 0.1% |
165,675
-3,044,762
| -95% | -$181M |
|
|
CRC
38
DELISTED
California Resources Corporation
CRC
| $7.7M | 0.08% |
127,500
+8,199
| +7% | +$661K |
|
|
ARIA
39
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $827K | 0.01% |
100,000
| – | – |
|
40
Arbutus Biopharma
ABUS
$875M
| $793K | 0.01% |
66,900
-65,000
| -49% | -$989K |
|
|
41
Applied Materials
AMAT
$446B
| – | – |
-4,000,000
| Closed | -$82.1M |
|
|
42
Crown Castle
CCI
$32.3B
| – | – |
-1,617,608
| Closed | -$134M |
|
43
DigitalBridge
DBRG
$2.92B
| – | – |
-32,175
| Closed | -$3M |
|
44
CALL
Danaher
DHR
$134B
| – | – |
-2,231,748
| Closed | -$127M |
|
|
45
Danaher
DHR
$134B
| – | – |
-1,208,120
| Closed | -$68.9M |
|
46
Huntsman Corp
HUN
$2.25B
| – | – |
-2,981,504
| Closed | -$66.1M |
|
47
MGM Resorts International
MGM
$11.5B
| – | – |
-3,898,782
| Closed | -$82M |
|
48
CALL
Molson Coors Class B
TAP
$7.46B
| – | – |
-1,500,000
| Closed | -$112M |
|
49
PUT
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
| – | – |
-8,000,000
| Closed | -$310M |
|
|
ZAYO
50
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| – | – |
-70,457
| Closed | -$1.97M |
|
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Corvex Management's Q2 2015 Portfolio in Review
As of Q2 2015, Corvex Management held 55 positions worth $9.14B, up 11% from $8.27B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Corvex Management deployed $882M of net new capital in Q2 2015, opening 15 new positions and adding to 13 existing holdings. Its largest new stake was Ball Corp: 4,866,622 shares worth $171M.
By sector, the portfolio is most concentrated in Energy at 28% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Lamar Advertising Co, an estimated $181M trimmed.
- Corvex Management's largest Q2 2015 buy was Ball Corp: 4,866,622 shares worth $171M.
- Corvex Management added most to Yum! Brands in Q2 2015, an estimated $1.27B increase.
- Corvex Management's biggest Q2 2015 reduction was Lamar Advertising Co, cutting an estimated $181M.
- Corvex Management fully exited Crown Castle in Q2 2015, selling an estimated $134M.
- Corvex Management's ten largest holdings make up 81% of its $9.14B portfolio in Q2 2015.
- Corvex Management opened 15 new positions and closed 15 in Q2 2015.
- Corvex Management's portfolio value rose 11% quarter-over-quarter to $9.14B.
Based on Corvex Management's 13F filing for Q2 2015, filed 14 Aug 2015.