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Corvex Management

Corvex Management Portfolio holdings

AUM $3.27B Turnover 38.71%
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
Avg Time Held Equity + Options
0.6 years
Top 10 Avg Time Held Equity + Options
0.4 years
Top 20 Avg Time Held Equity + Options
0.6 years
Avg Time Held Equity only
0.6 years
Top 10 Avg Time Held Equity only
0.6 years
Top 20 Avg Time Held Equity only
0.6 years

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 Held Since
FG.WS icon
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
– –
2017 Q4
2 quarters
PAGP icon
27
Plains GP Holdings
PAGP
$5.39B
$423K 0.02%
+17,693
New +$433K
2018 Q2
0 quarters
BABA icon
28
Alibaba
BABA
$275B
– –
-82,000
Closed -$15.1M –
IQ icon
29
iQIYI
IQ
$918M
– –
-150,000
Closed -$2.33M –
KDP icon
30
Keurig Dr Pepper
KDP
$46.4B
– –
-41,832
Closed -$4.95M –
LUMN icon
31
CALL
Lumen Technologies, Inc. Common Stock
LUMN
$4.67B
– –
-7,500,000
Closed -$123M –
META icon
32
CALL
Meta Platforms (Facebook)
META
$1.86T
– –
-400,000
Closed -$63.9M –
QCOM icon
33
PUT
Qualcomm
QCOM
$188B
– –
-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.