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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
+12.34%
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
$2.17B
AUM Growth
+$151M
Cap. Flow
-$27.3M
Cap. Flow %
-1.26%
Top 10 Hldgs %
80.84%
Holding
40
New
10
Increased
4
Reduced
6
Closed
17

Top Buys

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

Top Sells

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

1 Consumer Discretionary 33.8%
2 Technology 12.39%
3 Communication Services 8.23%
4 Energy 7.2%
5 Industrials 2.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOOGL icon
26
Alphabet (Google) Class A
GOOGL
$4.24T
– –
-560,000
Closed -$34.2M
INFY icon
27
Infosys
INFY
$46B
– –
-250,000
Closed -$2.84M
META icon
28
CALL
Meta Platforms (Facebook)
META
$1.6T
– –
-57,000
Closed -$10.2M
MPC icon
29
CALL
Marathon Petroleum
MPC
$90B
– –
-950,000
Closed -$57.7M
NFLX icon
30
CALL
Netflix
NFLX
$289B
– –
-2,500,000
Closed -$66.9M
NFLX icon
31
Netflix
NFLX
$289B
– –
-1,310,000
Closed -$35.1M
NOW icon
32
ServiceNow
NOW
$106B
– –
-395,000
Closed -$20.1M
PACK icon
33
Ranpak Holdings
PACK
$577M
– –
-750,000
Closed -$4.54M
SPY icon
34
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$776B
– –
-800,000
Closed -$237M
WDAY icon
35
Workday
WDAY
$35.4B
– –
-213,700
Closed -$36.3M
XOP icon
36
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.44B
– –
-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
39
DELISTED
FGL Holdings Ordinary Shares
FG
– –
-170,313
Closed -$1.36M
S
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's Q4 2019 filing shows 10 new, 4 increased, 6 reduced and 17 closed positions. Its largest new stake was Optimum Communications Inc: 1,600,000 shares worth $43.7M. The largest sale was Diamondback Energy, an estimated $116M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 34% of assets, up from 32% a quarter earlier, followed by Technology and Communication Services.

  • 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.