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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
+6.56%
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
$2.08B
AUM Growth
-$131M
Cap. Flow
-$41.4M
Cap. Flow %
-1.99%
Top 10 Hldgs %
80.27%
Holding
41
New
12
Increased
5
Reduced
8
Closed
13

Top Buys

Rank Stock Value
1
MGM icon
MGM Resorts International
MGM
+$101M
2
TMUS icon
T-Mobile US
TMUS
+$67.8M
3
NXPI icon
NXP Semiconductors
NXPI
+$41.3M
4
VNO icon
Vornado Realty Trust
VNO
+$36.4M
5
MDB icon
MongoDB
MDB
+$34.9M

Top Sells

Rank Stock Value
1
EGN
Energen
EGN
+$131M
2
MON
Monsanto Co
MON
+$46.7M
3
CRM icon
Salesforce
CRM
+$46.6M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$43.2M
5
TWX
Time Warner Inc
TWX
+$40.5M

Sector Composition

Rank Sector Weight
1 Energy 26.98%
2 Communication Services 18.87%
3 Technology 17.49%
4 Financials 11.59%
5 Miscellaneous 11.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FG.WS
26
DELISTED
FGL Holdings Warrants exercisable for one Ordinary Share at a price of $11.50 per share
FG.WS
$1M 0.05%
833,333
– –
PAGP icon
27
Plains GP Holdings
PAGP
$5.54B
$423K 0.02%
+17,693
New +$433K
BABA icon
28
Alibaba
BABA
$296B
– –
-82,000
Closed -$15.1M
IQ icon
29
iQIYI
IQ
$888M
– –
-150,000
Closed -$2.33M
KDP icon
30
Keurig Dr Pepper
KDP
$43.8B
– –
-41,832
Closed -$4.95M
LUMN icon
31
CALL
Lumen
LUMN
$6.23B
– –
-7,500,000
Closed -$123M
META icon
32
CALL
Meta Platforms (Facebook)
META
$1.47T
– –
-400,000
Closed -$63.9M
QCOM icon
33
PUT
Qualcomm
QCOM
$175B
– –
-500,000
Closed -$27.7M
AABA
34
DELISTED
Altaba Inc
AABA
– –
-53,000
Closed -$3.92M
LCAHU
35
DELISTED
Landcadia Holdings, Inc. Unit
LCAHU
– –
-1,225,000
Closed -$13.2M
EVHC
36
DELISTED
Envision Healthcare Holdings Inc
EVHC
– –
-342,927
Closed -$13.2M
TWX
37
CALL
DELISTED
Time Warner Inc
TWX
– –
-1,417,600
Closed -$134M
TWX
38
DELISTED
Time Warner Inc
TWX
– –
-427,802
Closed -$40.5M
MON
39
CALL
DELISTED
Monsanto Co
MON
– –
-750,000
Closed -$87.5M
MON
40
DELISTED
Monsanto Co
MON
– –
-400,000
Closed -$46.7M
1
2

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Corvex Management's Q2 2018 Portfolio in Review

As of Q2 2018, Corvex Management held 41 positions worth $2.08B, down 5.9% from $2.21B the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Corvex Management's Q2 2018 filing shows 12 new, 5 increased, 8 reduced and 13 closed positions. Its largest new stake was MGM Resorts International: 3,136,800 shares worth $91.1M. The largest sale was Energen, an estimated $131M.

By sector, the portfolio is most concentrated in Energy at 27% of assets, down from 28% a quarter earlier, followed by Communication Services and Technology.

  • Corvex Management's largest Q2 2018 buy was MGM Resorts International: 3,136,800 shares worth $91.1M.
  • Corvex Management added most to T-Mobile US in Q2 2018, an estimated $67.8M increase.
  • Corvex Management's biggest Q2 2018 reduction was Energen, cutting an estimated $131M.
  • Corvex Management fully exited Monsanto Co in Q2 2018, selling an estimated $46.7M.
  • Corvex Management's ten largest holdings make up 80% of its $2.08B portfolio in Q2 2018.
  • Corvex Management opened 12 new positions and closed 13 in Q2 2018.
  • Corvex Management's portfolio value fell 5.9% quarter-over-quarter to $2.08B.

Based on Corvex Management's 13F filing for Q2 2018, filed 14 Aug 2018.