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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
+3.09%
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
$9.14B
AUM Growth
+$873M
Cap. Flow
+$882M
Cap. Flow %
9.65%
Top 10 Hldgs %
80.63%
Holding
55
New
15
Increased
13
Reduced
5
Closed
15

Top Buys

Rank Stock Value
1
YUM icon
Yum! Brands
YUM
+$1.27B
2
BALL icon
Ball Corp
BALL
+$176M
3
LNG icon
Cheniere Energy
LNG
+$170M
4
AN icon
AutoNation
AN
+$77M
5
PRGO icon
Perrigo
PRGO
+$68.7M

Top Sells

Rank Stock Value
1
LAMR icon
Lamar Advertising Co
LAMR
+$181M
2
CCI icon
Crown Castle
CCI
+$134M
3
ICE icon
Intercontinental Exchange
ICE
+$90.9M
4
SIG icon
Signet Jewelers
SIG
+$83.6M
5
AMAT icon
Applied Materials
AMAT
+$82.1M

Sector Composition

Rank Sector Weight
1 Energy 27.97%
2 Consumer Discretionary 25.61%
3 Financials 12.26%
4 Healthcare 7.91%
5 Communication Services 4.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VIAB
51
CALL
DELISTED
Viacom Inc. Class B
VIAB
– –
-1,000,000
Closed -$68.3M
LVLT
52
DELISTED
Level 3 Communications Inc
LVLT
– –
-1,082,593
Closed -$58.3M
CSC
53
DELISTED
Computer Sciences
CSC
– –
-182,009
Closed -$5.01M
ACT.PRA
54
DELISTED
ACTAVIS PLC Pfd Conv Ser A (Irl)
ACT.PRA
– –
-15,000
Closed -$15.5M
CCI.PRA
55
DELISTED
Crown Castle International Corp.
CCI.PRA
– –
-35,000
Closed -$3.65M
1 2
3

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LIMS
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SIM
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KFC
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OBAM
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Q
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LC
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FFA
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Corvex Management's Q2 2015 Portfolio in Review

As of Q2 2015, Corvex Management held 55 positions worth $9.14B, up 11% from $8.27B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Corvex Management deployed $882M of net new capital in Q2 2015, opening 15 new positions and adding to 13 existing holdings. Its largest new stake was Ball Corp: 4,866,622 shares worth $171M.

By sector, the portfolio is most concentrated in Energy at 28% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Financials.

On the sell side, the largest reduction was Lamar Advertising Co, an estimated $181M trimmed.

  • Corvex Management's largest Q2 2015 buy was Ball Corp: 4,866,622 shares worth $171M.
  • Corvex Management added most to Yum! Brands in Q2 2015, an estimated $1.27B increase.
  • Corvex Management's biggest Q2 2015 reduction was Lamar Advertising Co, cutting an estimated $181M.
  • Corvex Management fully exited Crown Castle in Q2 2015, selling an estimated $134M.
  • Corvex Management's ten largest holdings make up 81% of its $9.14B portfolio in Q2 2015.
  • Corvex Management opened 15 new positions and closed 15 in Q2 2015.
  • Corvex Management's portfolio value rose 11% quarter-over-quarter to $9.14B.

Based on Corvex Management's 13F filing for Q2 2015, filed 14 Aug 2015.