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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
-5.12%
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
$7.51B
AUM Growth
-$1B
Cap. Flow
-$365M
Cap. Flow %
-4.86%
Top 10 Hldgs %
82.15%
Holding
53
New
16
Increased
4
Reduced
8
Closed
19

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$555M
2
PFE icon
Pfizer
PFE
+$401M
3
BAC icon
Bank of America
BAC
+$159M
4
VISN
Vistance Networks Inc
VISN
+$114M
5
SIG icon
Signet Jewelers
SIG
+$78.2M

Top Sells

Rank Stock Value
1
AGN
Allergan plc
AGN
+$384M
2
BEAV
B/E Aerospace Inc
BEAV
+$362M
3
AET
Aetna Inc
AET
+$349M
4
TWX
Time Warner Inc
TWX
+$259M
5
TAP icon
Molson Coors Class B
TAP
+$189M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 33.32%
2 Energy 14.73%
3 Financials 12.35%
4 Communication Services 8.64%
5 Healthcare 8.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCP
51
CALL
DELISTED
PRECISION CASTPARTS CORP
PCP
– –
-26,500
Closed -$6.09M
HOT
52
CALL
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
– –
-500,000
Closed -$33.2M
TWC
53
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
– –
-63,273
Closed -$11.3M
1 2
3

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Corvex Management's Q4 2015 Portfolio in Review

As of Q4 2015, Corvex Management held 53 positions worth $7.51B, down 12% from $8.51B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Corvex Management withdrew a net $365M in Q4 2015, closing 19 positions and reducing 8 holdings. Its most notable exit was Aetna Inc, an estimated $349M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 33% of assets, up from 31% a quarter earlier, followed by Energy and Financials.

Against the trend, Corvex Management opened a new position in Alphabet (Google) Class A worth $584M.

  • Corvex Management's largest Q4 2015 buy was Alphabet (Google) Class A: 15,000,000 shares worth $584M.
  • Corvex Management added most to Pfizer in Q4 2015, an estimated $401M increase.
  • Corvex Management's biggest Q4 2015 reduction was Allergan plc, cutting an estimated $384M.
  • Corvex Management fully exited Aetna Inc in Q4 2015, selling an estimated $349M.
  • Corvex Management's ten largest holdings make up 82% of its $7.51B portfolio in Q4 2015.
  • Corvex Management opened 16 new positions and closed 19 in Q4 2015.
  • Corvex Management's portfolio value fell 12% quarter-over-quarter to $7.51B.

Based on Corvex Management's 13F filing for Q4 2015, filed 16 Feb 2016.