CM

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
+5.93%
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
$3.6B
AUM Growth
-$2.24B
Cap. Flow
-$1.95B
Cap. Flow %
-53.98%
Top 10 Hldgs %
59.85%
Holding
53
New
13
Increased
6
Reduced
9
Closed
18
Avg Time Held Equity + Options
0.6 years
Top 10 Avg Time Held Equity + Options
0.6 years
Top 20 Avg Time Held Equity + Options
0.7 years
Avg Time Held Equity only
0.7 years
Top 10 Avg Time Held Equity only
0.7 years
Top 20 Avg Time Held Equity only
0.8 years

Top Buys

Rank Stock Value
1
P icon
Pandora Media Inc
P
+$114M
2
META icon
Meta Platforms (Facebook)
META
+$114M
3
PX icon
Praxair Inc
PX
+$104M
4
CL icon
Colgate-Palmolive
CL
+$99.7M
5
EGN
Energen
EGN
+$72.8M

Top Sells

Rank Stock Value
1
YUM icon
Yum! Brands
YUM
+$852M
2
WMB icon
Williams Companies
WMB
+$440M
3
TMUS icon
T-Mobile US
TMUS
+$180M
4
CRM icon
Salesforce
CRM
+$172M
5
FNF icon
Fidelity National Financial
FNF
+$167M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 32.8%
2 Communication Services 16.33%
3 Healthcare 14.48%
4 Consumer Staples 8.43%
5 Miscellaneous 7.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TMH icon
51
DELISTED
Team Health Holdings Inc
TMH
– –
-190,398
Closed -$8.27M –
1 2
3

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Corvex Management's Q1 2017 Portfolio in Review

As of Q1 2017, Corvex Management held 53 positions worth $3.6B, down 38% from $5.85B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Corvex Management withdrew a net $1.95B in Q1 2017, closing 18 positions and reducing 9 holdings. Its most notable exit was Williams Companies, an estimated $440M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 33% of assets, down from 38% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Corvex Management opened a new position in Meta Platforms (Facebook) worth $121M.

  • Corvex Management's largest Q1 2017 buy was Meta Platforms (Facebook): 850,000 shares worth $121M.
  • Corvex Management added most to Pandora Media Inc in Q1 2017, an estimated $114M increase.
  • Corvex Management's biggest Q1 2017 reduction was Yum! Brands, cutting an estimated $852M.
  • Corvex Management fully exited Williams Companies in Q1 2017, selling an estimated $440M.
  • Corvex Management's ten largest holdings make up 60% of its $3.6B portfolio in Q1 2017.
  • Corvex Management opened 13 new positions and closed 18 in Q1 2017.
  • Corvex Management's portfolio value fell 38% quarter-over-quarter to $3.6B.

Based on Corvex Management's 13F filing for Q1 2017, filed 15 May 2017.