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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
+9.12%
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
$1.43B
AUM Growth
-$1.26B
Cap. Flow
-$1.36B
Cap. Flow %
-95.11%
Top 10 Hldgs %
91.04%
Holding
35
New
11
Increased
2
Reduced
5
Closed
12

Top Buys

Rank Stock Value
1
MGM icon
MGM Resorts International
MGM
+$199M
2
ADBE icon
Adobe
ADBE
+$68M
3
DIS icon
Walt Disney
DIS
+$47.3M
4
AMZN icon
Amazon
AMZN
+$44.1M
5
TTWO icon
Take-Two Interactive
TTWO
+$42.1M

Top Sells

Rank Stock Value
1
NOW icon
ServiceNow
NOW
+$113M
2
FANG icon
Diamondback Energy
FANG
+$89.9M
3
MSFT icon
Microsoft
MSFT
+$69.2M
4
ZEN
ZENDESK INC
ZEN
+$60.7M
5
META icon
Meta Platforms (Facebook)
META
+$46.1M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 31.38%
2 Communication Services 21.35%
3 Energy 18.87%
4 Technology 8.22%
5 Financials 1.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MGM icon
26
CALL
MGM Resorts International
MGM
$11.7B
– –
-2,000,000
Closed -$48.5M
MSFT icon
27
Microsoft
MSFT
$3.35T
– –
-680,900
Closed -$69.2M
NFLX icon
28
CALL
Netflix
NFLX
$305B
– –
-422,000
Closed -$11.3M
NOW icon
29
ServiceNow
NOW
$114B
– –
-3,183,660
Closed -$113M
QQQ icon
30
Invesco QQQ Trust
QQQ
$450B
– –
-134,800
Closed -$22.9M
QQQ icon
31
PUT
Invesco QQQ Trust
QQQ
$450B
– –
-2,000,000
Closed -$309M
SMH icon
32
PUT
VanEck Semiconductor ETF
SMH
$65B
– –
-2,000,000
Closed -$87.3M
SPY icon
33
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$784B
– –
-4,000,000
Closed -$1,000M
GRA
34
DELISTED
W.R. Grace & Co.
GRA
– –
-188,600
Closed -$12.2M
1
2

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Corvex Management's Q1 2019 Portfolio in Review

As of Q1 2019, Corvex Management held 35 positions worth $1.43B, down 47% from $2.69B the previous quarter. Its ten largest holdings account for 91% of the portfolio.

Corvex Management withdrew a net $1.36B in Q1 2019, closing 12 positions and reducing 5 holdings. Its most notable exit was ServiceNow, an estimated $113M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, up from 8.1% a quarter earlier, followed by Communication Services and Energy.

Against the trend, Corvex Management opened a new position in Adobe worth $71.9M.

  • Corvex Management's largest Q1 2019 buy was Adobe: 269,907 shares worth $71.9M.
  • Corvex Management added most to MGM Resorts International in Q1 2019, an estimated $199M increase.
  • Corvex Management's biggest Q1 2019 reduction was Diamondback Energy, cutting an estimated $89.9M.
  • Corvex Management fully exited ServiceNow in Q1 2019, selling an estimated $113M.
  • Corvex Management's ten largest holdings make up 91% of its $1.43B portfolio in Q1 2019.
  • Corvex Management opened 11 new positions and closed 12 in Q1 2019.
  • Corvex Management's portfolio value fell 47% quarter-over-quarter to $1.43B.

Based on Corvex Management's 13F filing for Q1 2019, filed 15 May 2019.