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Corvex Management

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
+8.43%
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
$8.27B
AUM Growth
+$118M
Cap. Flow
-$201M
Cap. Flow %
-2.43%
Top 10 Hldgs %
76.05%
Holding
58
New
17
Increased
8
Reduced
8
Closed
18
Avg Time Held Equity + Options
0.5 years
Top 10 Avg Time Held Equity + Options
0.6 years
Top 20 Avg Time Held Equity + Options
0.5 years
Avg Time Held Equity only
0.5 years
Top 10 Avg Time Held Equity only
0.6 years
Top 20 Avg Time Held Equity only
0.6 years

Top Buys

Rank Stock Value
1
VER
VEREIT, Inc.
VER
+$599M
2
TAP icon
Molson Coors Class B
TAP
+$116M
3
ENDP
Endo International plc
ENDP
+$106M
4
AMAT icon
Applied Materials
AMAT
+$95.8M
5
MGM icon
MGM Resorts International
MGM
+$81.6M

Top Sells

Rank Stock Value
1
MON
Monsanto Co
MON
+$290M
2
LVLT
Level 3 Communications Inc
LVLT
+$178M
3
LAMR icon
Lamar Advertising Co
LAMR
+$177M
4
CCI icon
Crown Castle
CCI
+$165M
5
AGN
Allergan Inc
AGN
+$159M

Sector Composition

Rank Sector Weight
1 Energy 25.61%
2 Financials 14.39%
3 Real Estate 13.6%
4 Consumer Discretionary 11.69%
5 Miscellaneous 9.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
AGN
51
CALL
DELISTED
Allergan plc
AGN
– –
-200,000
Closed -$51.5M –
KLXI
52
DELISTED
KLX Inc.
KLXI
– –
-84,108
Closed -$2.92M –
MON
53
DELISTED
Monsanto Co
MON
– –
-2,423,901
Closed -$290M –
POT
54
CALL
DELISTED
Potash Corp Of Saskatchewan
POT
– –
-756,400
Closed -$26.7M –
FNFV
55
DELISTED
Fidelity Natl Financial, Inc.
FNFV
– –
-1,419,619
Closed -$17M –
AVOL
56
DELISTED
AVOLON HLDGS LTD SHS (CYM)
AVOL
– –
-700,000
Closed -$13.9M –
SLXP
57
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
– –
-640,800
Closed -$73.7M –
AGN
58
DELISTED
Allergan Inc
AGN
– –
-748,563
Closed -$159M –
1 2
3

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Corvex Management's Q1 2015 Portfolio in Review

As of Q1 2015, Corvex Management held 58 positions worth $8.27B, up 1.4% from $8.15B the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Corvex Management's Q1 2015 filing shows 17 new, 8 increased, 8 reduced and 18 closed positions. Its largest new stake was Endo International plc: 1,265,561 shares worth $114M. The largest sale was Monsanto Co, an estimated $290M.

By sector, the portfolio is most concentrated in Energy at 26% of assets, up from 25% a quarter earlier, followed by Financials and Real Estate.

  • Corvex Management's largest Q1 2015 buy was Endo International plc: 1,265,561 shares worth $114M.
  • Corvex Management added most to VEREIT, Inc. in Q1 2015, an estimated $599M increase.
  • Corvex Management's biggest Q1 2015 reduction was Level 3 Communications Inc, cutting an estimated $178M.
  • Corvex Management fully exited Monsanto Co in Q1 2015, selling an estimated $290M.
  • Corvex Management's ten largest holdings make up 76% of its $8.27B portfolio in Q1 2015.
  • Corvex Management opened 17 new positions and closed 18 in Q1 2015.
  • Corvex Management's portfolio value rose 1.4% quarter-over-quarter to $8.27B.

Based on Corvex Management's 13F filing for Q1 2015, filed 15 May 2015.