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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
+9.36%
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
$2.03B
AUM Growth
+$104M
Cap. Flow
+$19.4M
Cap. Flow %
0.95%
Top 10 Hldgs %
79.64%
Holding
40
New
8
Increased
5
Reduced
8
Closed
5

Top Buys

Rank Stock Value
1
AQN icon
Algonquin Power & Utilities
AQN
+$89.5M
2
SWX icon
Southwest Gas
SWX
+$55.8M
3
CEG icon
Constellation Energy
CEG
+$44.2M
4
EDR
Endeavor Group Holdings, Inc.
EDR
+$41.9M
5
CSX icon
CSX Corp
CSX
+$35.2M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$76.4M
2
CCK icon
Crown Holdings
CCK
+$73.6M
3
FMX icon
Fomento Económico Mexicano
FMX
+$66.4M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$36.6M
5
CRC icon
California Resources
CRC
+$18.8M

Sector Composition

Rank Sector Weight
1 Utilities 34.75%
2 Consumer Discretionary 16.25%
3 Consumer Staples 10.57%
4 Communication Services 5.35%
5 Energy 4.93%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ATVI
26
PUT
DELISTED
Activision Blizzard
ATVI
$8.56M 0.42%
+100,000
New +$7.77M
CRM icon
27
Salesforce
CRM
$134B
$4.68M 0.23%
23,432
-12,336
-34% -$2.08M
AMBP icon
28
Ardagh Metal Packaging
AMBP
$2.86B
$3.53M 0.17%
864,335
+500,000
+137% +$2.46M
BOOT icon
29
Boot Barn
BOOT
$4.55B
$2.18M 0.11%
28,392
– –
EQRX
30
DELISTED
EQRx, Inc. Common Stock
EQRX
$204K 0.01%
105,200
– –
SLGC
31
DELISTED
SomaLogic, Inc. Class A Common Stock
SLGC
$102K 0.01%
40,000
– –
BOAC.WS
32
DELISTED
Bluescape Opportunities Acquisition Corp. Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
BOAC.WS
$75K ﹤0.01%
499,999
– –
FLYX.WS icon
33
flyExclusive Inc Warrants
FLYX.WS
$35.1K ﹤0.01%
200,832
– –
STR.WS
34
DELISTED
Sitio Royalties Corp.
STR.WS
$34.2K ﹤0.01%
878,024
– –
SKYAW
35
DELISTED
Skydeck Acquisition Corp. Warrants
SKYAW
$10.6K ﹤0.01%
326,666
– –
CCK icon
36
Crown Holdings
CCK
$12.8B
– –
-894,861
Closed -$73.6M
QQQ icon
37
CALL
Invesco QQQ Trust
QQQ
$455B
– –
-300,000
Closed -$79.9M
QQQ icon
38
PUT
Invesco QQQ Trust
QQQ
$455B
– –
-350,000
Closed -$93.2M
ARYD
39
DELISTED
ARYA Sciences Acquisition Corp IV Class A Odinary Shares
ARYD
– –
-400,000
Closed -$4.04M
ATVI
40
DELISTED
Activision Blizzard
ATVI
– –
-27,285
Closed -$2.12M
1
2

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Corvex Management's Q1 2023 Portfolio in Review

As of Q1 2023, Corvex Management held 40 positions worth $2.03B, up 5.4% from $1.93B the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Corvex Management's Q1 2023 filing shows 8 new, 5 increased, 8 reduced and 5 closed positions. Its largest new stake was Algonquin Power & Utilities: 11,898,567 shares worth $99.9M. The largest sale was Microsoft, an estimated $76.4M.

By sector, the portfolio is most concentrated in Utilities at 35% of assets, up from 28% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.

  • Corvex Management's largest Q1 2023 buy was Algonquin Power & Utilities: 11,898,567 shares worth $99.9M.
  • Corvex Management added most to Southwest Gas in Q1 2023, an estimated $55.8M increase.
  • Corvex Management's biggest Q1 2023 reduction was Microsoft, cutting an estimated $76.4M.
  • Corvex Management fully exited Crown Holdings in Q1 2023, selling an estimated $73.6M.
  • Corvex Management's ten largest holdings make up 80% of its $2.03B portfolio in Q1 2023.
  • Corvex Management opened 8 new positions and closed 5 in Q1 2023.
  • Corvex Management's portfolio value rose 5.4% quarter-over-quarter to $2.03B.

Based on Corvex Management's 13F filing for Q1 2023, filed 15 May 2023.