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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
+6.95%
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
$2.18B
AUM Growth
+$98.2M
(+4.7%)
Cap. Flow
+$32.5M
Cap. Flow
% of AUM
1.49%
Top 10 Holdings %
Top 10 Hldgs %
72.96%
Holding
37
New
9
Increased
3
Reduced
14
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mohawk Industries
MHK
|
+$139M |
| 2 |
Dollar Tree
DLTR
|
+$80M |
| 3 |
Vulcan Materials
VMC
|
+$41.5M |
| 4 |
STR
Sitio Royalties
STR
|
+$39.4M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$22.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EGN
Energen
EGN
|
+$61.5M |
| 2 |
Bank of America
BAC
|
+$44.3M |
| 3 |
T-Mobile US
TMUS
|
+$37.5M |
| 4 |
Salesforce
CRM
|
+$35.5M |
| 5 |
Vornado Realty Trust
VNO
|
+$28.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 29.11% |
| 2 | Communication Services | 14.61% |
| 3 | Technology | 13.18% |
| 4 | Consumer Discretionary | 11.72% |
| 5 | Financials | 8.02% |
| 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
| $1.64M | 0.08% |
833,333
| – | – |
|
|
FG
27
DELISTED
FGL Holdings Ordinary Shares
FG
| $1.52M | 0.07% |
170,313
-1,458,322
| -90% | -$13M |
|
|
STRDW
28
DELISTED
Sitio Royalties Corp. Warrant
STRDW
| $1.51M | 0.07% |
+878,024
| New | +$1.59M |
|
|
LCAHW
29
DELISTED
Landcadia Holdings, Inc. Warrant
LCAHW
| $1.46M | 0.07% |
1,225,000
| – | – |
|
30
Charter Communications
CHTR
$17.1B
| – | – |
-94,000
| Closed | -$27.6M |
|
|
31
Salesforce
CRM
$148B
| – | – |
-260,500
| Closed | -$35.5M |
|
32
Lumen
LUMN
$6.7B
| – | – |
-497,019
| Closed | -$9.26M |
|
33
Plains GP Holdings
PAGP
$5.18B
| – | – |
-17,693
| Closed | -$423K |
|
34
AT&T
T
$160B
| – | – |
-794,400
| Closed | -$19.3M |
|
|
TFCFA
35
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| – | – |
-235,548
| Closed | -$11.7M |
|
|
OSPRU
36
DELISTED
Osprey Energy Acquisition Corp. Unit
OSPRU
| – | – |
-1,000,000
| Closed | -$11M |
|
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Corvex Management's Q3 2018 Portfolio in Review
As of Q3 2018, Corvex Management held 37 positions worth $2.18B, up 4.7% from $2.08B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Corvex Management's Q3 2018 filing shows 9 new, 3 increased, 14 reduced and 7 closed positions. Its largest new stake was Dollar Tree: 911,304 shares worth $74.3M. The largest sale was Energen, an estimated $61.5M.
By sector, the portfolio is most concentrated in Energy at 29% of assets, up from 27% a quarter earlier, followed by Communication Services and Technology.
- Corvex Management's largest Q3 2018 buy was Dollar Tree: 911,304 shares worth $74.3M.
- Corvex Management added most to Mohawk Industries in Q3 2018, an estimated $139M increase.
- Corvex Management's biggest Q3 2018 reduction was Energen, cutting an estimated $61.5M.
- Corvex Management fully exited Salesforce in Q3 2018, selling an estimated $35.5M.
- Corvex Management's ten largest holdings make up 73% of its $2.18B portfolio in Q3 2018.
- Corvex Management opened 9 new positions and closed 7 in Q3 2018.
- Corvex Management's portfolio value rose 4.7% quarter-over-quarter to $2.18B.
Based on Corvex Management's 13F filing for Q3 2018, filed 14 Nov 2018.