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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
+6.22%
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
$7.51B
AUM Growth
+$1.45B
(+24%)
Cap. Flow
-$391M
Cap. Flow
% of AUM
-5.21%
Top 10 Holdings %
Top 10 Hldgs %
80.66%
Holding
39
New
18
Increased
6
Reduced
3
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BEAV
B/E Aerospace Inc
BEAV
|
+$129M |
| 2 |
Johnson Controls International
JCI
|
+$113M |
| 3 |
Signet Jewelers
SIG
|
+$90.4M |
| 4 |
MON
Monsanto Co
MON
|
+$73.1M |
| 5 |
Bio-Rad Laboratories Class A
BIO
|
+$69.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$520M |
| 2 |
VER
VEREIT, Inc.
VER
|
+$315M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$173M |
| 4 |
EQC
Equity Commonwealth
EQC
|
+$111M |
| 5 |
Bausch Health
BHC
|
+$52.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 34.06% |
| 2 | Miscellaneous | 23.94% |
| 3 | Energy | 12.3% |
| 4 | Financials | 9.4% |
| 5 | Healthcare | 4.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
TJX Companies
TJX
$145B
| $38.6M | 0.51% |
+1,000,000
| New | +$38.2M |
|
27
CALL
Marathon Petroleum
MPC
$109B
| $24.7M | 0.33% |
+650,000
| New | +$23.9M |
|
|
28
Marathon Petroleum
MPC
$109B
| $21.9M | 0.29% |
+578,000
| New | +$21.2M |
|
|
AGN.PRA
29
DELISTED
Allergan plc
AGN.PRA
| $12.5M | 0.17% |
15,000
| – | – |
|
|
LCAHU
30
DELISTED
Landcadia Holdings, Inc. Unit
LCAHU
| $12.3M | 0.16% |
+1,225,000
| New | +$12.3M |
|
|
CFCOU
31
DELISTED
CF Corporation
CFCOU
| $9.92M | 0.13% |
+1,000,000
| New | +$9.94M |
|
|
ZAYO
32
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $3.14M | 0.04% |
+112,370
| New | +$2.99M |
|
|
MON
33
CALL
DELISTED
Monsanto Co
MON
| $517K | 0.01% |
+5,000
| New | +$495K |
|
|
34
Bausch Health
BHC
$2.45B
| – | – |
-2,008,510
| Closed | -$52.8M |
|
35
Gaming and Leisure Properties
GLPI
$12.2B
| – | – |
-50,000
| Closed | -$1.55M |
|
|
36
Pfizer
PFE
$162B
| – | – |
-18,486,216
| Closed | -$520M |
|
|
EQC
37
DELISTED
Equity Commonwealth
EQC
| – | – |
-3,942,046
| Closed | -$111M |
|
|
AGN
38
DELISTED
Allergan plc
AGN
| – | – |
-107,221
| Closed | -$24.7M |
|
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Corvex Management's Q2 2016 Portfolio in Review
As of Q2 2016, Corvex Management held 39 positions worth $7.51B, up 24% from $6.05B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Corvex Management withdrew a net $391M in Q2 2016, closing 5 positions and reducing 3 holdings. Its most notable exit was Pfizer, an estimated $520M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 34% of assets, down from 44% a quarter earlier, followed by Miscellaneous and Energy.
Against the trend, Corvex Management opened a new position in B/E Aerospace Inc worth $125M.
- Corvex Management's largest Q2 2016 buy was B/E Aerospace Inc: 2,703,259 shares worth $125M.
- Corvex Management added most to Signet Jewelers in Q2 2016, an estimated $90.4M increase.
- Corvex Management's biggest Q2 2016 reduction was VEREIT, Inc., cutting an estimated $315M.
- Corvex Management fully exited Pfizer in Q2 2016, selling an estimated $520M.
- Corvex Management's ten largest holdings make up 81% of its $7.51B portfolio in Q2 2016.
- Corvex Management opened 18 new positions and closed 5 in Q2 2016.
- Corvex Management's portfolio value rose 24% quarter-over-quarter to $7.51B.
Based on Corvex Management's 13F filing for Q2 2016, filed 15 Aug 2016.