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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
-1.2%
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
$8.29B
AUM Growth
-$135M
Cap. Flow
-$41.9M
Cap. Flow %
-0.51%
Top 10 Hldgs %
70.15%
Holding
64
New
20
Increased
9
Reduced
12
Closed
17

Top Buys

Rank Stock Value
1
TWX
Time Warner Inc
TWX
+$127M
2
APC
Anadarko Petroleum
APC
+$125M
3
DHR icon
Danaher
DHR
+$119M
4
BUD icon
AB InBev
BUD
+$95.7M
5
AGN
Allergan Inc
AGN
+$71.6M

Top Sells

Rank Stock Value
1
WBA
Walgreens Boots Alliance
WBA
+$127M
2
HCA icon
HCA Healthcare
HCA
+$108M
3
LVLT
Level 3 Communications Inc
LVLT
+$91.1M
4
AZN icon
AstraZeneca
AZN
+$90.6M
5
PARA
Paramount Global Class B
PARA
+$85M

Sector Composition

Rank Sector Weight
1 Energy 28.55%
2 Financials 10.35%
3 Consumer Discretionary 7.8%
4 Healthcare 7.64%
5 Real Estate 7.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GPRE icon
51
Green Plains
GPRE
$1.19B
– –
-160,100
Closed -$5.26M
HCA icon
52
HCA Healthcare
HCA
$84.8B
– –
-1,922,459
Closed -$108M
IWM icon
53
PUT
iShares Russell 2000 ETF
IWM
$80.9B
– –
-1,500,000
Closed -$178M
SAFE
54
Safehold
SAFE
$1.19B
– –
-36,110
Closed -$2.63M
WBA
55
DELISTED
Walgreens Boots Alliance
WBA
– –
-1,706,600
Closed -$127M
XOP icon
56
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.42B
– –
-875,000
Closed -$288M
ENDP
57
DELISTED
Endo International plc
ENDP
– –
-372,559
Closed -$26.1M
VIAB
58
CALL
DELISTED
Viacom Inc. Class B
VIAB
– –
-1,500,000
Closed -$130M
TIME
59
DELISTED
Time Inc.
TIME
– –
-214,998
Closed -$5.21M
LVLT
60
DELISTED
Level 3 Communications Inc
LVLT
– –
-2,074,954
Closed -$91.1M
DTV
61
DELISTED
DIRECTV COM STK (DE)
DTV
– –
-805,500
Closed -$68.5M
FDO
62
CALL
DELISTED
FAMILY DOLLAR STORES
FDO
– –
-2,000,000
Closed -$132M
FDO
63
DELISTED
FAMILY DOLLAR STORES
FDO
– –
-1,000
Closed -$66K
DISH
64
DELISTED
DISH Network Corp.
DISH
– –
-499,800
Closed -$32.5M
1 2
3

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SIM
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KFC
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OBAM
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Corvex Management's Q3 2014 Portfolio in Review

As of Q3 2014, Corvex Management held 64 positions worth $8.29B, down 1.6% from $8.43B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Corvex Management's Q3 2014 filing shows 20 new, 9 increased, 12 reduced and 17 closed positions. Its largest new stake was Danaher: 2,321,018 shares worth $119M. The largest sale was Walgreens Boots Alliance, an estimated $127M.

By sector, the portfolio is most concentrated in Energy at 29% of assets, down from 29% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Corvex Management's largest Q3 2014 buy was Danaher: 2,321,018 shares worth $119M.
  • Corvex Management added most to Time Warner Inc in Q3 2014, an estimated $127M increase.
  • Corvex Management's biggest Q3 2014 reduction was Paramount Global Class B, cutting an estimated $85M.
  • Corvex Management fully exited Walgreens Boots Alliance in Q3 2014, selling an estimated $127M.
  • Corvex Management's ten largest holdings make up 70% of its $8.29B portfolio in Q3 2014.
  • Corvex Management opened 20 new positions and closed 17 in Q3 2014.
  • Corvex Management's portfolio value fell 1.6% quarter-over-quarter to $8.29B.

Based on Corvex Management's 13F filing for Q3 2014, filed 14 Nov 2014.