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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
-6.61%
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
$2.02B
AUM Growth
-$629M
Cap. Flow
-$506M
Cap. Flow %
-25.06%
Top 10 Hldgs %
78.16%
Holding
47
New
12
Increased
7
Reduced
5
Closed
16

Top Buys

1
MSGS icon
Madison Square Garden
MSGS
+$93.1M
2
ZEN
ZENDESK INC
ZEN
+$83.1M
3
RTN
Raytheon Company
RTN
+$44.7M
4
FSCT
ForeScout Technologies, Inc. Common Stock
FSCT
+$42.2M
5
WDAY icon
Workday
WDAY
+$41.3M

Top Sells

1
CNC icon
Centene
CNC
+$73.1M
2
TMUS icon
T-Mobile US
TMUS
+$47.4M
3
AYX
Alteryx Inc
AYX
+$35.8M
4
DIS icon
Walt Disney
DIS
+$33M
5
CBOE icon
Cboe Global Markets
CBOE
+$24.3M

Sector Composition

1 Consumer Discretionary 31.51%
2 Technology 14.94%
3 Energy 13.12%
4 Communication Services 12.07%
5 Industrials 2.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PACK icon
26
Ranpak Holdings
PACK
$580M
$4.54M 0.23%
750,000
– –
INFY icon
27
Infosys
INFY
$46.6B
$2.84M 0.14%
+250,000
New +$2.82M
FG
28
DELISTED
FGL Holdings Ordinary Shares
FG
$1.36M 0.07%
170,313
– –
STR
29
DELISTED
Sitio Royalties
STR
$834K 0.04%
36,268
-101
-0.3% -$2.81K
STRDW
30
DELISTED
Sitio Royalties Corp. Warrant
STRDW
$324K 0.02%
878,024
– –
AAPL icon
31
PUT
Apple
AAPL
$4.91T
– –
-2,600,000
Closed -$129M
CBOE icon
32
Cboe Global Markets
CBOE
$29.3B
– –
-234,500
Closed -$24.3M
CMCSA icon
33
Comcast
CMCSA
$87.6B
– –
-360,613
Closed -$15.2M
CNC icon
34
Centene
CNC
$31.6B
– –
-1,393,194
Closed -$73.1M
DIS icon
35
Walt Disney
DIS
$173B
– –
-236,502
Closed -$33M
GOOGL icon
36
CALL
Alphabet (Google) Class A
GOOGL
$4.17T
– –
-3,000,000
Closed -$162M
GPN icon
37
Global Payments
GPN
$22.3B
– –
-36,800
Closed -$5.89M
META icon
38
Meta Platforms (Facebook)
META
$1.62T
– –
-18,000
Closed -$3.42M
SMH icon
39
PUT
VanEck Semiconductor ETF
SMH
$65.4B
– –
-1,660,000
Closed -$91.4M
SPY icon
40
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$773B
– –
-2,000,000
Closed -$586M
XLI icon
41
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.3B
– –
-1,000,000
Closed -$77.4M
AYX
42
DELISTED
Alteryx Inc
AYX
– –
-328,000
Closed -$35.8M
ASAP
43
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
– –
-115,179
Closed -$14.5M
WCG
44
DELISTED
Wellcare Health Plans, Inc.
WCG
– –
-50,000
Closed -$14.3M
APC
45
DELISTED
Anadarko Petroleum
APC
– –
-200,000
Closed -$14.1M
TSS
46
DELISTED
Total System Services, Inc.
TSS
– –
-180,000
Closed -$23.1M
1
2

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Corvex Management's Q3 2019 Portfolio in Review

As of Q3 2019, Corvex Management held 47 positions worth $2.02B, down 24% from $2.65B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Corvex Management withdrew a net $506M in Q3 2019, closing 16 positions and reducing 5 holdings. Its most notable exit was Centene, an estimated $73.1M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 32% of assets, up from 24% a quarter earlier, followed by Technology and Energy.

Against the trend, Corvex Management opened a new position in ZENDESK INC worth $73.5M.

  • Corvex Management's largest Q3 2019 buy was ZENDESK INC: 1,008,518 shares worth $73.5M.
  • Corvex Management added most to Madison Square Garden in Q3 2019, an estimated $93.1M increase.
  • Corvex Management's biggest Q3 2019 reduction was T-Mobile US, cutting an estimated $47.4M.
  • Corvex Management fully exited Centene in Q3 2019, selling an estimated $73.1M.
  • Corvex Management's ten largest holdings make up 78% of its $2.02B portfolio in Q3 2019.
  • Corvex Management opened 12 new positions and closed 16 in Q3 2019.
  • Corvex Management's portfolio value fell 24% quarter-over-quarter to $2.02B.

Based on Corvex Management's 13F filing for Q3 2019, filed 14 Nov 2019.