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Corvex Management Portfolio holdings
AUM
$3.27B
Turnover
38.71%
1-Year Est. Return
38.53%
This Fund
S&P 500
This Quarter
Est. Return
-6.69%
1 Year Est. Return
+38.53%
3 Year Est. Return
+95.78%
5 Year Est. Return
+93.81%
10 Year Est. Return
+360.33%
AUM
$1.85B
AUM Growth
-$180M
(-8.8%)
Cap. Flow
+$85.4M
Cap. Flow
% of AUM
4.61%
Top 10 Holdings %
Top 10 Hldgs %
67.83%
Holding
46
New
11
Increased
11
Reduced
3
Closed
10
Avg Time Held Equity + Options
1.1
years
Top 10 Avg Time Held Equity + Options
0.8
years
Top 20 Avg Time Held Equity + Options
0.9
years
Avg Time Held Equity only
1.2
years
Top 10 Avg Time Held Equity only
0.9
years
Top 20 Avg Time Held Equity only
0.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Endeavor Group Holdings, Inc.
EDR
|
+$114M |
| 2 |
Southwest Gas
SWX
|
+$87.5M |
| 3 |
Amazon
AMZN
|
+$51.7M |
| 4 |
Liberty Live Group Series A
LLYVA
|
+$51.2M |
| 5 |
TKO Group
TKO
|
+$46.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CATALENT, INC.
CTLT
|
+$246M |
| 2 |
Constellation Energy
CEG
|
+$67.7M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$52M |
| 4 |
AES
AES
|
+$49.6M |
| 5 |
Fomento Económico Mexicano
FMX
|
+$40.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 25.22% |
| 2 | Communication Services | 20.49% |
| 3 | Consumer Discretionary | 16.51% |
| 4 | Consumer Staples | 9.83% |
| 5 | Technology | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Boot Barn
BOOT
$3.65B
| $1.21M | 0.07% |
14,921
-5,971
| -29% | -$537K |
2022 Q2
5 quarters
|
|
27
Meta Platforms (Facebook)
META
$1.88T
| $721K | 0.04% |
+2,400
| New | +$723K |
2023 Q3
0 quarters
|
|
28
Tesla
TSLA
$1.43T
| $713K | 0.04% |
+2,850
| New | +$732K |
2023 Q3
0 quarters
|
|
29
NVIDIA
NVDA
$5.25T
| $707K | 0.04% |
+16,250
| New | +$728K |
2023 Q3
0 quarters
|
|
30
Apple
AAPL
$4.99T
| $668K | 0.04% |
+3,900
| New | +$715K |
2023 Q3
0 quarters
|
|
31
Salesforce
CRM
$203B
| $615K | 0.03% |
3,032
| – | – |
2022 Q2
5 quarters
|
|
32
CALL
Union Pacific
UNP
$172B
| $407K | 0.02% |
+2,000
| New | +$436K |
2023 Q3
0 quarters
|
|
|
EQRX
33
DELISTED
EQRx, Inc. Common Stock
EQRX
| $234K | 0.01% |
105,200
| – | – |
2021 Q4
7 quarters
|
|
|
SLGC
34
DELISTED
SomaLogic, Inc. Class A Common Stock
SLGC
| $95.6K | 0.01% |
40,000
| – | – |
2021 Q3
8 quarters
|
|
35
flyExclusive Inc Warrants
FLYX.WS
| $34.3K | ﹤0.01% |
200,832
| – | – |
2021 Q3
8 quarters
|
|
|
BOAC.WS
36
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
| $4.35K | ﹤0.01% |
499,999
| – | – |
2021 Q2
9 quarters
|
|
|
37
AES
AES
$10.7B
| – | – |
-2,394,584
| Closed | -$49.6M | – |
|
|
38
Constellation Energy
CEG
$97.4B
| – | – |
-740,000
| Closed | -$67.7M | – |
|
39
CALL
Digital Realty Trust
DLR
$64.7B
| – | – |
-130,000
| Closed | -$14.8M | – |
|
|
40
Digital Realty Trust
DLR
$64.7B
| – | – |
-11,000
| Closed | -$1.25M | – |
|
41
PUT
iShares Russell 2000 ETF
IWM
$77.5B
| – | – |
-700,000
| Closed | -$131M | – |
|
|
42
DELISTED
CATALENT, INC.
CTLT
| – | – |
-5,670,297
| Closed | -$246M | – |
|
|
WWE
43
DELISTED
World Wrestling Entertainment
WWE
| – | – |
-260,926
| Closed | -$28.3M | – |
|
|
ATVI
44
CALL
DELISTED
Activision Blizzard
ATVI
| – | – |
-850,000
| Closed | -$71.7M | – |
|
|
ATVI
45
DELISTED
Activision Blizzard
ATVI
| – | – |
-616,400
| Closed | -$52M | – |
|
|
ATVI
46
PUT
DELISTED
Activision Blizzard
ATVI
| – | – |
-100,000
| Closed | -$8.43M | – |
|
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Corvex Management's Q3 2023 Portfolio in Review
As of Q3 2023, Corvex Management held 46 positions worth $1.85B, down 8.8% from $2.03B the previous quarter. Its ten largest holdings account for 68% of the portfolio.
Corvex Management deployed $85.4M of net new capital in Q3 2023, opening 11 new positions and adding to 11 existing holdings. Its largest new stake was Endeavor Group Holdings, Inc.: 4,951,105 shares worth $98.5M.
By sector, the portfolio is most concentrated in Utilities at 25% of assets, down from 26% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Fomento Económico Mexicano, an estimated $40.4M trimmed.
- Corvex Management's largest Q3 2023 buy was Endeavor Group Holdings, Inc.: 4,951,105 shares worth $98.5M.
- Corvex Management added most to Southwest Gas in Q3 2023, an estimated $87.5M increase.
- Corvex Management's biggest Q3 2023 reduction was Fomento Económico Mexicano, cutting an estimated $40.4M.
- Corvex Management fully exited CATALENT, INC. in Q3 2023, selling an estimated $246M.
- Corvex Management's ten largest holdings make up 68% of its $1.85B portfolio in Q3 2023.
- Corvex Management opened 11 new positions and closed 10 in Q3 2023.
- Corvex Management's portfolio value fell 8.8% quarter-over-quarter to $1.85B.
Based on Corvex Management's 13F filing for Q3 2023, filed 14 Nov 2023.