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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
+30.26%
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
$1.64B
AUM Growth
+$351M
(+27%)
Cap. Flow
+$101M
Cap. Flow
% of AUM
6.17%
Top 10 Holdings %
Top 10 Hldgs %
71.13%
Holding
41
New
13
Increased
7
Reduced
6
Closed
12
Top Buys
| 1 |
PPLI
People Inc
PPLI
|
+$114M |
| 2 |
T-Mobile US
TMUS
|
+$95.9M |
| 3 |
Exelon
EXC
|
+$80.8M |
| 4 |
SPDR Gold Trust
GLD
|
+$60.2M |
| 5 |
Evergy
EVRG
|
+$37.6M |
Top Sells
| 1 |
ZEN
ZENDESK INC
ZEN
|
+$96.7M |
| 2 |
Salesforce
CRM
|
+$54.7M |
| 3 |
RTN
Raytheon Company
RTN
|
+$46.3M |
| 4 |
Adobe
ADBE
|
+$32.7M |
| 5 |
Diamondback Energy
FANG
|
+$31.1M |
Sector Composition
| 1 | Consumer Discretionary | 32.67% |
| 2 | Communication Services | 27.73% |
| 3 | Utilities | 9.21% |
| 4 | Technology | 4.42% |
| 5 | Healthcare | 3.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
STR
26
DELISTED
Sitio Royalties
STR
| $6.05M | 0.37% |
472,579
| – | – |
|
27
PG&E
PCG
$38.2B
| $5.51M | 0.34% |
+621,526
| New | +$6.77M |
|
28
Caesars Entertainment
CZR
$6.1B
| $2.73M | 0.17% |
+68,024
| New | +$1.89M |
|
|
STRDW
29
DELISTED
Sitio Royalties Corp. Warrant
STRDW
| $79K | ﹤0.01% |
878,024
| – | – |
|
|
30
Salesforce
CRM
$140B
| – | – |
-380,000
| Closed | -$54.7M |
|
31
Elevance Health
ELV
$80B
| – | – |
-25,000
| Closed | -$5.68M |
|
|
32
Diamondback Energy
FANG
$54.8B
| – | – |
-1,188,628
| Closed | -$31.1M |
|
33
Marathon Petroleum
MPC
$91B
| – | – |
-886,600
| Closed | -$20.9M |
|
34
Match Group
MTCH
$9.1B
| – | – |
-222,700
| Closed | -$14.7M |
|
35
State Street SPDR S&P 500 ETF Trust
SPY
$775B
| – | – |
-16,622
| Closed | -$4.28M |
|
36
UnitedHealth
UNH
$392B
| – | – |
-32,073
| Closed | -$8M |
|
37
Union Pacific
UNP
$178B
| – | – |
-198,000
| Closed | -$27.9M |
|
38
Vulcan Materials
VMC
$37.4B
| – | – |
-201,690
| Closed | -$21.8M |
|
|
AYX
39
CALL
DELISTED
Alteryx Inc
AYX
| – | – |
-500,000
| Closed | -$47.6M |
|
|
ZEN
40
DELISTED
ZENDESK INC
ZEN
| – | – |
-1,511,404
| Closed | -$96.7M |
|
|
RTN
41
DELISTED
Raytheon Company
RTN
| – | – |
-353,256
| Closed | -$46.3M |
|
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Q
Corvex Management's Q2 2020 Portfolio in Review
As of Q2 2020, Corvex Management held 41 positions worth $1.64B, up 27% from $1.29B the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Corvex Management deployed $101M of net new capital in Q2 2020, opening 13 new positions and adding to 7 existing holdings. Its largest new stake was People Inc: 2,568,885 shares worth $148M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 33% of assets, up from 27% a quarter earlier, followed by Communication Services and Utilities.
On the sell side, the largest reduction was Adobe, an estimated $32.7M trimmed.
- Corvex Management's largest Q2 2020 buy was People Inc: 2,568,885 shares worth $148M.
- Corvex Management added most to SPDR Gold Trust in Q2 2020, an estimated $60.2M increase.
- Corvex Management's biggest Q2 2020 reduction was Adobe, cutting an estimated $32.7M.
- Corvex Management fully exited ZENDESK INC in Q2 2020, selling an estimated $96.7M.
- Corvex Management's ten largest holdings make up 71% of its $1.64B portfolio in Q2 2020.
- Corvex Management opened 13 new positions and closed 12 in Q2 2020.
- Corvex Management's portfolio value rose 27% quarter-over-quarter to $1.64B.
Based on Corvex Management's 13F filing for Q2 2020, filed 14 Aug 2020.