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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
-13.58%
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
$8.51B
AUM Growth
-$635M
Cap. Flow
+$952M
Cap. Flow %
11.19%
Top 10 Hldgs %
80.38%
Holding
51
New
11
Increased
12
Reduced
6
Closed
14

Top Buys

Rank Stock Value
1
YUM icon
Yum! Brands
YUM
+$400M
2
AET
Aetna Inc
AET
+$347M
3
AGN
Allergan plc
AGN
+$143M
4
APC
Anadarko Petroleum
APC
+$140M
5
BEAV
B/E Aerospace Inc
BEAV
+$81.7M

Top Sells

Rank Stock Value
1
ICE icon
Intercontinental Exchange
ICE
+$271M
2
LNG icon
Cheniere Energy
LNG
+$157M
3
ENDP
Endo International plc
ENDP
+$79.7M
4
CIT
CIT Group Inc.
CIT
+$70.6M
5
PARA
Paramount Global Class B
PARA
+$61M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 31.21%
2 Energy 18.19%
3 Financials 12.18%
4 Healthcare 8.29%
5 Industrials 4.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CIT
51
DELISTED
CIT Group Inc.
CIT
– –
-1,517,972
Closed -$70.6M
1 2
3

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Corvex Management's Q3 2015 Portfolio in Review

As of Q3 2015, Corvex Management held 51 positions worth $8.51B, down 6.9% from $9.14B the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Corvex Management deployed $952M of net new capital in Q3 2015, opening 11 new positions and adding to 12 existing holdings. Its largest new stake was Anadarko Petroleum: 1,970,233 shares worth $119M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, up from 26% a quarter earlier, followed by Energy and Financials.

On the sell side, the largest reduction was Endo International plc, an estimated $79.7M trimmed.

  • Corvex Management's largest Q3 2015 buy was Anadarko Petroleum: 1,970,233 shares worth $119M.
  • Corvex Management added most to Yum! Brands in Q3 2015, an estimated $400M increase.
  • Corvex Management's biggest Q3 2015 reduction was Endo International plc, cutting an estimated $79.7M.
  • Corvex Management fully exited Intercontinental Exchange in Q3 2015, selling an estimated $271M.
  • Corvex Management's ten largest holdings make up 80% of its $8.51B portfolio in Q3 2015.
  • Corvex Management opened 11 new positions and closed 14 in Q3 2015.
  • Corvex Management's portfolio value fell 6.9% quarter-over-quarter to $8.51B.

Based on Corvex Management's 13F filing for Q3 2015, filed 16 Nov 2015.