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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
+14.46%
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
$1.9B
AUM Growth
+$44.6M
Cap. Flow
-$216M
Cap. Flow %
-11.4%
Top 10 Hldgs %
73.38%
Holding
39
New
3
Increased
3
Reduced
9
Closed
7

Top Buys

Rank Stock Value
1
ILMN icon
Illumina
ILMN
+$86.6M
2
SWX icon
Southwest Gas
SWX
+$80.4M
3
KOF icon
Coca-Cola Femsa
KOF
+$16.3M
4
AMZN icon
Amazon
AMZN
+$701K
5
RVMD icon
Revolution Medicines
RVMD
+$281K

Top Sells

Rank Stock Value
1
EDR
Endeavor Group Holdings, Inc.
EDR
+$92.4M
2
KNF icon
Knife River
KNF
+$69.4M
3
AQN icon
Algonquin Power & Utilities
AQN
+$54.7M
4
TKO icon
TKO Group
TKO
+$42.1M
5
LSXMA
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
+$35.8M

Sector Composition

Rank Sector Weight
1 Utilities 26.84%
2 Consumer Discretionary 19.38%
3 Consumer Staples 11.4%
4 Technology 10.95%
5 Communication Services 10.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
26
Meta Platforms (Facebook)
META
$1.37T
$850K 0.04%
2,400
– –
NVDA icon
27
NVIDIA
NVDA
$4.72T
$805K 0.04%
16,250
– –
CRM icon
28
Salesforce
CRM
$148B
$798K 0.04%
3,032
– –
TSLA icon
29
Tesla
TSLA
$1.22T
$708K 0.04%
2,850
– –
RVMD icon
30
Revolution Medicines
RVMD
$40.9B
$335K 0.02%
+11,698
New +$281K
SLGC
31
DELISTED
SomaLogic, Inc. Class A Common Stock
SLGC
$101K 0.01%
40,000
– –
FLYX.WS icon
32
flyExclusive Inc Warrants
FLYX.WS
$44.2K ﹤0.01%
200,832
– –
AAPL icon
33
Apple
AAPL
$4.9T
– –
-3,900
Closed -$668K
BOOT icon
34
Boot Barn
BOOT
$4.68B
– –
-14,921
Closed -$1.21M
KVUE icon
35
CALL
Kenvue
KVUE
$37.1B
– –
-4,510,900
Closed -$90.6M
TKO icon
36
TKO Group
TKO
$13.8B
– –
-501,396
Closed -$42.1M
UNP icon
37
CALL
Union Pacific
UNP
$172B
– –
-2,000
Closed -$407K
EQRX
38
DELISTED
EQRx, Inc. Common Stock
EQRX
– –
-105,200
Closed -$234K
BOAC.WS
39
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
– –
-499,999
Closed -$4.35K
1
2

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Corvex Management's Q4 2023 Portfolio in Review

As of Q4 2023, Corvex Management held 39 positions worth $1.9B, up 2.4% from $1.85B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Corvex Management withdrew a net $216M in Q4 2023, closing 7 positions and reducing 9 holdings. Its most notable exit was TKO Group, an estimated $42.1M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 27% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.

Against the trend, Corvex Management opened a new position in Illumina worth $102M.

  • Corvex Management's largest Q4 2023 buy was Illumina: 750,526 shares worth $102M.
  • Corvex Management added most to Southwest Gas in Q4 2023, an estimated $80.4M increase.
  • Corvex Management's biggest Q4 2023 reduction was Endeavor Group Holdings, Inc., cutting an estimated $92.4M.
  • Corvex Management fully exited TKO Group in Q4 2023, selling an estimated $42.1M.
  • Corvex Management's ten largest holdings make up 73% of its $1.9B portfolio in Q4 2023.
  • Corvex Management opened 3 new positions and closed 7 in Q4 2023.
  • Corvex Management's portfolio value rose 2.4% quarter-over-quarter to $1.9B.

Based on Corvex Management's 13F filing for Q4 2023, filed 14 Feb 2024.