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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
+7.93%
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
$2.03B
AUM Growth
-$769M
Cap. Flow
-$904M
Cap. Flow %
-44.48%
Top 10 Hldgs %
81.33%
Holding
59
New
21
Increased
9
Reduced
5
Closed
13

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$105M
2
EXC icon
Exelon
EXC
+$73.5M
3
TMUS icon
T-Mobile US
TMUS
+$72.8M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$55.7M
5
AMZN icon
Amazon
AMZN
+$54.1M

Top Sells

Rank Stock Value
1
MGM icon
MGM Resorts International
MGM
+$239M
2
FE icon
FirstEnergy
FE
+$93.3M
3
ATVI
Activision Blizzard
ATVI
+$79.6M
4
PPLI
People Inc
PPLI
+$69.1M
5
GLD icon
SPDR Gold Trust
GLD
+$66.7M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 38.88%
2 Communication Services 24.28%
3 Technology 9.71%
4 Utilities 9.13%
5 Consumer Staples 4.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EVRG icon
51
Evergy
EVRG
$19.2B
– –
-219,145
Closed -$12.2M
EXC icon
52
CALL
Exelon
EXC
$47B
– –
-1,402,000
Closed -$42.2M
HCA icon
53
HCA Healthcare
HCA
$86.8B
– –
-130,000
Closed -$21.4M
HUM icon
54
Humana
HUM
$44.1B
– –
-36,670
Closed -$15M
PPLI
55
People Inc
PPLI
$3.06B
– –
-668,932
Closed -$69.1M
SPY icon
56
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$787B
– –
-1,650,000
Closed -$617M
STEM icon
57
Stem
STEM
$47.9M
– –
-12,812
Closed -$5.24M
WDAY icon
58
Workday
WDAY
$39.4B
– –
-238,500
Closed -$57.1M
ZEN
59
DELISTED
ZENDESK INC
ZEN
– –
-259,568
Closed -$37.1M
1 2
3

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Corvex Management's Q1 2021 Portfolio in Review

As of Q1 2021, Corvex Management held 59 positions worth $2.03B, down 27% from $2.8B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Corvex Management withdrew a net $904M in Q1 2021, closing 13 positions and reducing 5 holdings. Its most notable exit was People Inc, an estimated $69.1M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 39% of assets, up from 30% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Corvex Management opened a new position in Microsoft worth $106M.

  • Corvex Management's largest Q1 2021 buy was Microsoft: 450,667 shares worth $106M.
  • Corvex Management added most to Exelon in Q1 2021, an estimated $73.5M increase.
  • Corvex Management's biggest Q1 2021 reduction was MGM Resorts International, cutting an estimated $239M.
  • Corvex Management fully exited People Inc in Q1 2021, selling an estimated $69.1M.
  • Corvex Management's ten largest holdings make up 81% of its $2.03B portfolio in Q1 2021.
  • Corvex Management opened 21 new positions and closed 13 in Q1 2021.
  • Corvex Management's portfolio value fell 27% quarter-over-quarter to $2.03B.

Based on Corvex Management's 13F filing for Q1 2021, filed 17 May 2021.