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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
-13.58%
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
$8.51B
AUM Growth
-$635M
Cap. Flow
+$952M
Cap. Flow %
11.19%
Top 10 Hldgs %
80.38%
Holding
51
New
11
Increased
12
Reduced
6
Closed
14

Top Buys

Rank Stock Value
1
YUM icon
Yum! Brands
YUM
+$400M
2
AET
Aetna Inc
AET
+$347M
3
AGN
Allergan plc
AGN
+$143M
4
APC
Anadarko Petroleum
APC
+$140M
5
BEAV
B/E Aerospace Inc
BEAV
+$81.7M

Top Sells

Rank Stock Value
1
ICE icon
Intercontinental Exchange
ICE
+$271M
2
LNG icon
Cheniere Energy
LNG
+$157M
3
ENDP
Endo International plc
ENDP
+$79.7M
4
CIT
CIT Group Inc.
CIT
+$70.6M
5
PARA
Paramount Global Class B
PARA
+$61M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 31.21%
2 Energy 18.19%
3 Financials 12.18%
4 Healthcare 8.29%
5 Industrials 4.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EBAY icon
26
eBay
EBAY
$50.2B
$39.4M 0.46%
+1,612,919
New +$43.4M
HOT
27
CALL
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
$33.2M 0.39%
500,000
– –
PFE icon
28
CALL
Pfizer
PFE
$142B
$31.4M 0.37%
+1,054,000
New +$33.8M
GPI icon
29
Group 1 Automotive
GPI
$3.33B
$20.1M 0.24%
236,638
– –
AGN.PRA
30
DELISTED
Allergan plc
AGN.PRA
$14.2M 0.17%
15,000
– –
CRC
31
DELISTED
California Resources Corporation
CRC
$11.6M 0.14%
447,470
+319,970
+251% +$12.5M
TWC
32
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$11.3M 0.13%
+63,273
New +$11.8M
PFE icon
33
Pfizer
PFE
$142B
$9.87M 0.12%
+331,220
New +$10.6M
AXLL
34
DELISTED
AXIALL CORP COM STK (DE)
AXLL
$7.09M 0.08%
452,035
-95,965
-18% -$2.57M
PCP
35
CALL
DELISTED
PRECISION CASTPARTS CORP
PCP
$6.09M 0.07%
+26,500
New +$5.69M
AMAT icon
36
Applied Materials
AMAT
$407B
$1.49M 0.02%
+101,500
New +$1.7M
ARIA
37
DELISTED
Ariad Pharmaceuticals Inc
ARIA
$584K 0.01%
100,000
– –
ABBV icon
38
AbbVie
ABBV
$447B
– –
-179,760
Closed -$12.1M
ABUS icon
39
Arbutus Biopharma
ABUS
$849M
– –
-66,900
Closed -$793K
GOOG icon
40
Alphabet (Google) Class C
GOOG
$4.28T
– –
-1,800,000
Closed -$48.6M
ICE icon
41
Intercontinental Exchange
ICE
$86.1B
– –
-6,067,800
Closed -$271M
LAMR icon
42
Lamar Advertising Co
LAMR
$16.1B
– –
-165,675
Closed -$9.52M
LNG icon
43
Cheniere Energy
LNG
$55.1B
– –
-2,272,962
Closed -$157M
MCD icon
44
McDonald's
MCD
$191B
– –
-405,000
Closed -$38.5M
PARA
45
DELISTED
Paramount Global Class B
PARA
– –
-1,100,000
Closed -$61M
TEVA icon
46
Teva Pharmaceuticals
TEVA
$40.6B
– –
-405,000
Closed -$23.9M
KSU
47
DELISTED
Kansas City Southern
KSU
– –
-175,000
Closed -$16M
VIAB
48
DELISTED
Viacom Inc. Class B
VIAB
– –
-899,191
Closed -$58.1M
P
49
DELISTED
Pandora Media Inc
P
– –
-1,498,507
Closed -$23.3M
MON
50
DELISTED
Monsanto Co
MON
– –
-300,000
Closed -$32M
1
2
3

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Corvex Management's Q3 2015 Portfolio in Review

As of Q3 2015, Corvex Management held 51 positions worth $8.51B, down 6.9% from $9.14B the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Corvex Management deployed $952M of net new capital in Q3 2015, opening 11 new positions and adding to 12 existing holdings. Its largest new stake was Anadarko Petroleum: 1,970,233 shares worth $119M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, up from 26% a quarter earlier, followed by Energy and Financials.

On the sell side, the largest reduction was Endo International plc, an estimated $79.7M trimmed.

  • Corvex Management's largest Q3 2015 buy was Anadarko Petroleum: 1,970,233 shares worth $119M.
  • Corvex Management added most to Yum! Brands in Q3 2015, an estimated $400M increase.
  • Corvex Management's biggest Q3 2015 reduction was Endo International plc, cutting an estimated $79.7M.
  • Corvex Management fully exited Intercontinental Exchange in Q3 2015, selling an estimated $271M.
  • Corvex Management's ten largest holdings make up 80% of its $8.51B portfolio in Q3 2015.
  • Corvex Management opened 11 new positions and closed 14 in Q3 2015.
  • Corvex Management's portfolio value fell 6.9% quarter-over-quarter to $8.51B.

Based on Corvex Management's 13F filing for Q3 2015, filed 16 Nov 2015.