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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
+1.09%
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
+$82K
Cap. Flow
-$71.6M
Cap. Flow %
-3.52%
Top 10 Hldgs %
71.69%
Holding
43
New
8
Increased
2
Reduced
12
Closed
8

Top Buys

Rank Stock Value
1
CTLT
CATALENT, INC.
CTLT
+$249M
2
KNF icon
Knife River
KNF
+$108M
3
SWX icon
Southwest Gas
SWX
+$67.8M
4
ATVI
Activision Blizzard
ATVI
+$49.9M
5
ADBE icon
Adobe
ADBE
+$38.7M

Top Sells

Rank Stock Value
1
CRC icon
California Resources
CRC
+$100M
2
MDU icon
MDU Resources
MDU
+$94.1M
3
CEG icon
Constellation Energy
CEG
+$90.8M
4
FMX icon
Fomento Económico Mexicano
FMX
+$52.2M
5
EDR
Endeavor Group Holdings, Inc.
EDR
+$44.9M

Sector Composition

Rank Sector Weight
1 Utilities 25.99%
2 Consumer Discretionary 14.94%
3 Healthcare 13.08%
4 Consumer Staples 9.3%
5 Technology 7.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DLR icon
26
CALL
Digital Realty Trust
DLR
$73.7B
$14.8M 0.73%
+130,000
New +$12.9M
ATVI
27
PUT
DELISTED
Activision Blizzard
ATVI
$8.43M 0.41%
100,000
– –
AMBP icon
28
Ardagh Metal Packaging
AMBP
$2.86B
$3.25M 0.16%
864,335
– –
BOOT icon
29
Boot Barn
BOOT
$4.55B
$1.77M 0.09%
20,892
-7,500
-26% -$550K
DLR icon
30
Digital Realty Trust
DLR
$73.7B
$1.25M 0.06%
+11,000
New +$1.09M
CRM icon
31
Salesforce
CRM
$134B
$641K 0.03%
3,032
-20,400
-87% -$4.16M
EQRX
32
DELISTED
EQRx, Inc. Common Stock
EQRX
$196K 0.01%
105,200
– –
SLGC
33
DELISTED
SomaLogic, Inc. Class A Common Stock
SLGC
$92.4K ﹤0.01%
40,000
– –
FLYX.WS icon
34
flyExclusive Inc Warrants
FLYX.WS
$61.1K ﹤0.01%
200,832
– –
BOAC.WS
35
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
$27K ﹤0.01%
499,999
– –
CRC icon
36
California Resources
CRC
$4.75B
– –
-2,604,166
Closed -$100M
MTN icon
37
Vail Resorts
MTN
$5.19B
– –
-64,624
Closed -$15.1M
SIRI icon
38
CALL
SiriusXM
SIRI
$10B
– –
-334,000
Closed -$13.3M
EDR
39
DELISTED
Endeavor Group Holdings, Inc.
EDR
– –
-1,878,346
Closed -$44.9M
LSI
40
DELISTED
Life Storage, Inc.
LSI
– –
-86,474
Closed -$11.3M
STR.WS
41
DELISTED
Sitio Royalties Corp.
STR.WS
– –
-878,024
Closed -$34.2K
SKYAW
42
DELISTED
Skydeck Acquisition Corp. Warrants
SKYAW
– –
-326,666
Closed -$10.6K
SKYA
43
DELISTED
Skydeck Acquisition Corp. Class A Ordinary Shares
SKYA
– –
-980,000
Closed -$10M
1
2

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LIMS
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SIM
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KFC
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OBAM
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FFA
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Corvex Management's Q2 2023 Portfolio in Review

As of Q2 2023, Corvex Management held 43 positions worth $2.03B, up 0% from $2.03B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Corvex Management withdrew a net $71.6M in Q2 2023, closing 8 positions and reducing 12 holdings. Its most notable exit was California Resources, an estimated $100M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 26% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Corvex Management opened a new position in CATALENT, INC. worth $246M.

  • Corvex Management's largest Q2 2023 buy was CATALENT, INC.: 5,670,297 shares worth $246M.
  • Corvex Management added most to Southwest Gas in Q2 2023, an estimated $67.8M increase.
  • Corvex Management's biggest Q2 2023 reduction was MDU Resources, cutting an estimated $94.1M.
  • Corvex Management fully exited California Resources in Q2 2023, selling an estimated $100M.
  • Corvex Management's ten largest holdings make up 72% of its $2.03B portfolio in Q2 2023.
  • Corvex Management opened 8 new positions and closed 8 in Q2 2023.
  • Corvex Management's portfolio value rose 0% quarter-over-quarter to $2.03B.

Based on Corvex Management's 13F filing for Q2 2023, filed 14 Aug 2023.