We are live on
!
Find out more
CM
Corvex Management Portfolio holdings
AUM
$2.52B
1-Year Est. Return
25.53%
This Fund
S&P 500
This Quarter
Est. Return
-3.52%
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
$2.66B
AUM Growth
-$421M
(-14%)
Cap. Flow
-$321M
Cap. Flow
% of AUM
-12.06%
Top 10 Holdings %
Top 10 Hldgs %
82.96%
Holding
41
New
6
Increased
6
Reduced
8
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EVHC
Envision Healthcare Holdings Inc
EVHC
|
+$250M |
| 2 |
EGN
Energen
EGN
|
+$142M |
| 3 |
Comcast
CMCSA
|
+$96.5M |
| 4 |
Lumen
LUMN
|
+$60M |
| 5 |
Bank of America
BAC
|
+$44M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Signet Jewelers
SIG
|
+$177M |
| 2 |
Element Solutions
ESI
|
+$101M |
| 3 |
P
Pandora Media Inc
P
|
+$80.3M |
| 4 |
TWX
Time Warner Inc
TWX
|
+$72.4M |
| 5 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$71.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 35.96% |
| 2 | Energy | 22.44% |
| 3 | Healthcare | 9.49% |
| 4 | Consumer Staples | 7.91% |
| 5 | Financials | 7.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Alnylam Pharmaceuticals
ALNY
$35.2B
| – | – |
-25,175
| Closed | -$2.01M |
|
|
27
CALL
Bank of America
BAC
$427B
| – | – |
-6,000,000
| Closed | -$146M |
|
28
CALL
Ball Corp
BALL
$16.6B
| – | – |
-160,200
| Closed | -$6.76M |
|
29
Bio-Rad Laboratories Class A
BIO
$8.38B
| – | – |
-1,000
| Closed | -$226K |
|
30
Peabody Energy
BTU
$2.92B
| – | – |
-880,044
| Closed | -$21.5M |
|
|
31
Element Solutions
ESI
$9.36B
| – | – |
-7,959,074
| Closed | -$101M |
|
32
FedEx
FDX
$74.7B
| – | – |
-294,631
| Closed | -$64M |
|
33
CALL
Regions Financial
RF
$25.9B
| – | – |
-1,000,000
| Closed | -$14.6M |
|
|
34
Regions Financial
RF
$25.9B
| – | – |
-1,908,066
| Closed | -$27.9M |
|
|
CLGX
35
DELISTED
Corelogic, Inc.
CLGX
| – | – |
-1,125,913
| Closed | -$48.8M |
|
|
ZAYO
36
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| – | – |
-2,303,070
| Closed | -$71.2M |
|
|
EGN
37
CALL
DELISTED
Energen
EGN
| – | – |
-415,200
| Closed | -$20.5M |
|
|
TWX
38
DELISTED
Time Warner Inc
TWX
| – | – |
-720,671
| Closed | -$72.4M |
|
|
SBNY
39
DELISTED
Signature Bank
SBNY
| – | – |
-160,476
| Closed | -$23M |
|
Similar funds
PAI
LIMS
SIM
KFC
OBAM
Q
LC
FFA
Corvex Management's Q3 2017 Portfolio in Review
As of Q3 2017, Corvex Management held 41 positions worth $2.66B, down 14% from $3.08B the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Corvex Management withdrew a net $321M in Q3 2017, closing 14 positions and reducing 8 holdings. Its most notable exit was Element Solutions, an estimated $101M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 36% of assets, up from 34% a quarter earlier, followed by Energy and Healthcare.
Against the trend, Corvex Management opened a new position in Comcast worth $94.3M.
- Corvex Management's largest Q3 2017 buy was Comcast: 2,450,000 shares worth $94.3M.
- Corvex Management added most to Envision Healthcare Holdings Inc in Q3 2017, an estimated $250M increase.
- Corvex Management's biggest Q3 2017 reduction was Signet Jewelers, cutting an estimated $177M.
- Corvex Management fully exited Element Solutions in Q3 2017, selling an estimated $101M.
- Corvex Management's ten largest holdings make up 83% of its $2.66B portfolio in Q3 2017.
- Corvex Management opened 6 new positions and closed 14 in Q3 2017.
- Corvex Management's portfolio value fell 14% quarter-over-quarter to $2.66B.
Based on Corvex Management's 13F filing for Q3 2017, filed 14 Nov 2017.