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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
+12.34%
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
$2.17B
AUM Growth
+$151M
Cap. Flow
-$279M
Cap. Flow %
-12.87%
Top 10 Hldgs %
80.84%
Holding
40
New
10
Increased
4
Reduced
6
Closed
17
Avg Time Held Equity + Options
0.5 years
Top 10 Avg Time Held Equity + Options
0.4 years
Top 20 Avg Time Held Equity + Options
0.4 years
Avg Time Held Equity only
0.8 years
Top 10 Avg Time Held Equity only
0.7 years
Top 20 Avg Time Held Equity only
0.6 years

Top Buys

Rank Stock Value
1
FSCT
ForeScout Technologies, Inc. Common Stock
FSCT
+$55.9M
2
OPTU icon
Optimum Communications Inc
OPTU
+$44.2M
3
MGM icon
MGM Resorts International
MGM
+$11.4M
4
STR icon
Sitio Royalties
STR
+$11.1M

Top Sells

Rank Stock Value
1
FANG icon
Diamondback Energy
FANG
+$116M
2
TMUS icon
T-Mobile US
TMUS
+$50.2M
3
RTLR
Rattler Midstream LP Common Units
RTLR
+$36.4M
4
WDAY icon
Workday
WDAY
+$36.3M
5
NFLX icon
Netflix
NFLX
+$35.1M

Sector Composition

Rank Sector Weight
1 Miscellaneous 35.93%
2 Consumer Discretionary 33.8%
3 Technology 12.39%
4 Communication Services 8.23%
5 Energy 7.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
GOOGL icon
26
Alphabet (Google) Class A
GOOGL
$4.27T
– –
-560,000
Closed -$34.2M –
INFY icon
27
Infosys
INFY
$49.1B
– –
-250,000
Closed -$2.84M –
META icon
28
CALL
Meta Platforms (Facebook)
META
$1.88T
– –
-57,000
Closed -$10.2M –
MPC icon
29
CALL
Marathon Petroleum
MPC
$134B
– –
-950,000
Closed -$57.7M –
NFLX icon
30
CALL
Netflix
NFLX
$302B
– –
-2,500,000
Closed -$66.9M –
NFLX icon
31
Netflix
NFLX
$302B
– –
-1,310,000
Closed -$35.1M –
NOW icon
32
ServiceNow
NOW
$154B
– –
-395,000
Closed -$20.1M –
PACK icon
33
Ranpak Holdings
PACK
$298M
– –
-750,000
Closed -$4.54M –
SPY icon
34
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$815B
– –
-800,000
Closed -$237M –
WDAY icon
35
Workday
WDAY
$47.4B
– –
-213,700
Closed -$36.3M –
XOP icon
36
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.2B
– –
-147,500
Closed -$13.2M –
RTLR
37
DELISTED
Rattler Midstream LP Common Units
RTLR
– –
-2,043,316
Closed -$36.4M –
WORK
38
DELISTED
Slack Technologies, Inc.
WORK
– –
-493,639
Closed -$11.7M –
FG icon
39
DELISTED
FGL Holdings Ordinary Shares
FG
– –
-170,313
Closed -$1.36M –
S icon
40
PUT
DELISTED
Sprint Corporation
S
– –
-2,000,000
Closed -$12.3M –
1
2

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Corvex Management's Q4 2019 Portfolio in Review

As of Q4 2019, Corvex Management held 40 positions worth $2.17B, up 7.5% from $2.02B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Corvex Management withdrew a net $279M in Q4 2019, closing 17 positions and reducing 6 holdings. Its most notable exit was Rattler Midstream LP Common Units, an estimated $36.4M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 36% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Corvex Management opened a new position in Optimum Communications Inc worth $43.7M.

  • Corvex Management's largest Q4 2019 buy was Optimum Communications Inc: 1,600,000 shares worth $43.7M.
  • Corvex Management added most to ForeScout Technologies, Inc. Common Stock in Q4 2019, an estimated $55.9M increase.
  • Corvex Management's biggest Q4 2019 reduction was Diamondback Energy, cutting an estimated $116M.
  • Corvex Management fully exited Rattler Midstream LP Common Units in Q4 2019, selling an estimated $36.4M.
  • Corvex Management's ten largest holdings make up 81% of its $2.17B portfolio in Q4 2019.
  • Corvex Management opened 10 new positions and closed 17 in Q4 2019.
  • Corvex Management's portfolio value rose 7.5% quarter-over-quarter to $2.17B.

Based on Corvex Management's 13F filing for Q4 2019, filed 14 Feb 2020.