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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
+6.8%
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
$7.13B
AUM Growth
+$2.3B
Cap. Flow
+$2.05B
Cap. Flow %
28.74%
Top 10 Hldgs %
63.26%
Holding
80
New
23
Increased
12
Reduced
11
Closed
23

Top Buys

Rank Stock Value
1
WMB icon
Williams Companies
WMB
+$1.14B
2
SIG icon
Signet Jewelers
SIG
+$404M
3
DG icon
Dollar General
DG
+$131M
4
DHR icon
Danaher
DHR
+$127M
5
APC
Anadarko Petroleum
APC
+$119M

Top Sells

Rank Stock Value
1
GM icon
General Motors
GM
+$192M
2
LVLT
Level 3 Communications Inc
LVLT
+$89.4M
3
PSX icon
Phillips 66
PSX
+$67.6M
4
STWD icon
Starwood Property Trust
STWD
+$54.2M
5
NRF
NorthStar Realty Finance Corp.
NRF
+$40.3M

Sector Composition

Rank Sector Weight
1 Energy 24.72%
2 Healthcare 12.57%
3 Real Estate 10.56%
4 Consumer Discretionary 8.16%
5 Financials 8.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VVUS
51
DELISTED
Vivus Inc
VVUS
$5.42M 0.08%
91,271
– –
CCI.PRA
52
DELISTED
Crown Castle International Corp.
CCI.PRA
$3.54M 0.05%
35,000
– –
NSM
53
DELISTED
Nationstar Mortgage Holdings
NSM
$3.52M 0.05%
108,468
-911,532
-89% -$28.1M
ARIA
54
DELISTED
Ariad Pharmaceuticals Inc
ARIA
$806K 0.01%
100,000
-625,000
-86% -$4.87M
CF icon
55
CF Industries
CF
$19.3B
$261K ﹤0.01%
5,000
– –
AGN
56
DELISTED
Allergan Inc
AGN
$124K ﹤0.01%
1,000
-223,500
-100% -$27.2M
FDO
57
DELISTED
FAMILY DOLLAR STORES
FDO
$58K ﹤0.01%
1,000
– –
BHC icon
58
Bausch Health
BHC
$2.44B
– –
-235,500
Closed -$27.6M
CF icon
59
CALL
CF Industries
CF
$19.3B
– –
-500,000
Closed -$23.3M
CYH icon
60
CALL
Community Health Systems
CYH
$388M
– –
-1,210,000
Closed -$39.3M
GM icon
61
General Motors
GM
$79.4B
– –
-5,240,000
Closed -$192M
HLF icon
62
CALL
Herbalife
HLF
$1.26B
– –
-3,000,000
Closed -$118M
HLF icon
63
Herbalife
HLF
$1.26B
– –
-319,034
Closed -$12.6M
HRI icon
64
CALL
Herc Holdings
HRI
$4.87B
– –
-166,667
Closed -$14.3M
HRI icon
65
Herc Holdings
HRI
$4.87B
– –
-333
Closed -$29K
KBR icon
66
CALL
KBR
KBR
$4.49B
– –
-500,000
Closed -$15.9M
KBR icon
67
KBR
KBR
$4.49B
– –
-889,004
Closed -$28.4M
NXST icon
68
Nexstar Media Group
NXST
$5.8B
– –
-150,354
Closed -$8.38M
PARA
69
CALL
DELISTED
Paramount Global Class B
PARA
– –
-1,000,000
Closed -$63.7M
STWD icon
70
Starwood Property Trust
STWD
$5.92B
– –
-2,427,474
Closed -$54.2M
WMB icon
71
CALL
Williams Companies
WMB
$87.1B
– –
-2,000,000
Closed -$77.1M
XLU icon
72
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.9B
– –
-3,000,000
Closed -$57M
S
73
CALL
DELISTED
Sprint Corporation
S
– –
-4,500,000
Closed -$48.4M
CRR
74
PUT
DELISTED
Carbo Ceramics Inc.
CRR
– –
-32,500
Closed -$3.79M
POT
75
CALL
DELISTED
Potash Corp Of Saskatchewan
POT
– –
-785,600
Closed -$25.9M
1 2
3
4

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Corvex Management's Q1 2014 Portfolio in Review

As of Q1 2014, Corvex Management held 80 positions worth $7.13B, up 48% from $4.83B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Corvex Management deployed $2.05B of net new capital in Q1 2014, opening 23 new positions and adding to 12 existing holdings. Its largest new stake was Danaher: 2,502,998 shares worth $126M.

By sector, the portfolio is most concentrated in Energy at 25% of assets, up from 14% a quarter earlier, followed by Healthcare and Real Estate.

On the sell side, the largest reduction was Level 3 Communications Inc, an estimated $89.4M trimmed.

  • Corvex Management's largest Q1 2014 buy was Danaher: 2,502,998 shares worth $126M.
  • Corvex Management added most to Williams Companies in Q1 2014, an estimated $1.14B increase.
  • Corvex Management's biggest Q1 2014 reduction was Level 3 Communications Inc, cutting an estimated $89.4M.
  • Corvex Management fully exited General Motors in Q1 2014, selling an estimated $192M.
  • Corvex Management's ten largest holdings make up 63% of its $7.13B portfolio in Q1 2014.
  • Corvex Management opened 23 new positions and closed 23 in Q1 2014.
  • Corvex Management's portfolio value rose 48% quarter-over-quarter to $7.13B.

Based on Corvex Management's 13F filing for Q1 2014, filed 15 May 2014.