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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
+15.79%
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
$1.74B
AUM Growth
+$96.3M
(+5.9%)
Cap. Flow
-$135M
Cap. Flow
% of AUM
-7.78%
Top 10 Holdings %
Top 10 Hldgs %
68.88%
Holding
42
New
13
Increased
9
Reduced
8
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Exelon
EXC
|
+$57.3M |
| 2 |
Illumina
ILMN
|
+$44.3M |
| 3 |
FirstEnergy
FE
|
+$37.6M |
| 4 |
Aecom
ACM
|
+$30.7M |
| 5 |
Walt Disney
DIS
|
+$27.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPLI
People Inc
PPLI
|
+$131M |
| 2 |
Madison Square Garden
MSGS
|
+$48.1M |
| 3 |
Amazon
AMZN
|
+$30.9M |
| 4 |
IAA
IAA, Inc. Common Stock
IAA
|
+$23.5M |
| 5 |
Centene
CNC
|
+$22.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 36.71% |
| 2 | Communication Services | 22.56% |
| 3 | Utilities | 14.65% |
| 4 | Technology | 6.99% |
| 5 | Healthcare | 4.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NAV
26
DELISTED
Navistar International
NAV
| $13.9M | 0.8% |
+318,891
| New | +$10.9M |
|
|
27
CALL
FirstEnergy
FE
$28.8B
| $10M | 0.58% |
+350,000
| New | +$11M |
|
28
Liberty Media Series C
FWONK
$24.5B
| $9.22M | 0.53% |
+263,020
| New | +$9.25M |
|
29
Live Nation Entertainment
LYV
$41.8B
| $8.29M | 0.48% |
153,800
+3,800
| +3% | +$196K |
|
|
30
Madison Square Garden
MSGS
$9.55B
| $4.52M | 0.26% |
30,009
-306,400
| -91% | -$48.1M |
|
31
Liberty Media Series A
FWONA
$22.6B
| $3.35M | 0.19% |
+104,447
| New | +$3.39M |
|
32
PG&E
PCG
$47.5B
| $911K | 0.05% |
97,026
-524,500
| -84% | -$4.86M |
|
33
Five Below
FIVE
$11.4B
| $433K | 0.02% |
+3,407
| New | +$388K |
|
|
STRDW
34
DELISTED
Sitio Royalties Corp. Warrant
STRDW
| $70K | ﹤0.01% |
878,024
| – | – |
|
|
35
Centene
CNC
$31.4B
| – | – |
-358,000
| Closed | -$22.2M |
|
36
Caesars Entertainment
CZR
$6.11B
| – | – |
-68,024
| Closed | -$2.73M |
|
37
CALL
HCA Healthcare
HCA
$85.9B
| – | – |
-250,000
| Closed | -$24.3M |
|
38
CALL
Norfolk Southern
NSC
$78.3B
| – | – |
-500,000
| Closed | -$87.8M |
|
|
STR
39
DELISTED
Sitio Royalties
STR
| – | – |
-472,579
| Closed | -$6.05M |
|
|
IAA
40
DELISTED
IAA, Inc. Common Stock
IAA
| – | – |
-609,607
| Closed | -$23.5M |
|
|
TIF
41
CALL
DELISTED
Tiffany & Co.
TIF
| – | – |
-450,000
| Closed | -$54.9M |
|
|
TIF
42
DELISTED
Tiffany & Co.
TIF
| – | – |
-56,037
| Closed | -$6.83M |
|
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Corvex Management's Q3 2020 Portfolio in Review
As of Q3 2020, Corvex Management held 42 positions worth $1.74B, up 5.9% from $1.64B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Corvex Management withdrew a net $135M in Q3 2020, closing 8 positions and reducing 8 holdings. Its most notable exit was IAA, Inc. Common Stock, an estimated $23.5M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 37% of assets, up from 33% a quarter earlier, followed by Communication Services and Utilities.
Against the trend, Corvex Management opened a new position in Illumina worth $38.6M.
- Corvex Management's largest Q3 2020 buy was Illumina: 128,500 shares worth $38.6M.
- Corvex Management added most to Exelon in Q3 2020, an estimated $57.3M increase.
- Corvex Management's biggest Q3 2020 reduction was People Inc, cutting an estimated $131M.
- Corvex Management fully exited IAA, Inc. Common Stock in Q3 2020, selling an estimated $23.5M.
- Corvex Management's ten largest holdings make up 69% of its $1.74B portfolio in Q3 2020.
- Corvex Management opened 13 new positions and closed 8 in Q3 2020.
- Corvex Management's portfolio value rose 5.9% quarter-over-quarter to $1.74B.
Based on Corvex Management's 13F filing for Q3 2020, filed 16 Nov 2020.