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Corvex Management Portfolio holdings

AUM $3.27B
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

Top Buys

Rank Stock Value
1
P
Pandora Media Inc
P
+$114M
2
META icon
Meta Platforms (Facebook)
META
+$114M
3
PX
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
TMH
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.