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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
+9.96%
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
$5.36B
AUM Growth
+$42.9M
(+0.81%)
Cap. Flow
-$339M
Cap. Flow
% of AUM
-6.32%
Top 10 Holdings %
Top 10 Hldgs %
48.91%
Holding
86
New
26
Increased
14
Reduced
13
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Tower
AMT
|
+$144M |
| 2 |
HCA Healthcare
HCA
|
+$80.9M |
| 3 |
Herc Holdings
HRI
|
+$67M |
| 4 |
LVLT
Level 3 Communications Inc
LVLT
|
+$62.1M |
| 5 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$61.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$125M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$123M |
| 3 |
TWX
Time Warner Inc
TWX
|
+$78.1M |
| 4 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$71.9M |
| 5 |
Carter's
CRI
|
+$71.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 13.81% |
| 2 | Industrials | 13.4% |
| 3 | Communication Services | 11.9% |
| 4 | Real Estate | 9.53% |
| 5 | Healthcare | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
CALL
Occidental Petroleum
OXY
$57B
| – | – |
-626,265
| Closed | -$53.5M |
|
|
77
Occidental Petroleum
OXY
$57B
| – | – |
-612,819
| Closed | -$52.4M |
|
78
CALL
Constellation Brands
STZ
$22.2B
| – | – |
-1,400,000
| Closed | -$73M |
|
|
CHK
79
PUT
DELISTED
Chesapeake Energy Corporation
CHK
| – | – |
-3,700
| Closed | -$14.3M |
|
|
TWX
80
DELISTED
Time Warner Inc
TWX
| – | – |
-1,408,050
| Closed | -$78.1M |
|
|
DD
81
CALL
DELISTED
Du Pont De Nemours E I
DD
| – | – |
-3,685,500
| Closed | -$184M |
|
|
DD
82
DELISTED
Du Pont De Nemours E I
DD
| – | – |
-379,080
| Closed | -$18.9M |
|
|
KATE
83
DELISTED
Kate Spade & Company
KATE
| – | – |
-2,529,745
| Closed | -$56.5M |
|
|
FDO
84
DELISTED
FAMILY DOLLAR STORES
FDO
| – | – |
-1,023,640
| Closed | -$71.9M |
|
|
LIFE
85
CALL
DELISTED
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
| – | – |
-2,000,000
| Closed | -$148M |
|
|
TYC
86
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| – | – |
-1,086,832
| Closed | -$37.5M |
|
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Corvex Management's Q3 2013 Portfolio in Review
As of Q3 2013, Corvex Management held 86 positions worth $5.36B, up 0.81% from $5.32B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Corvex Management withdrew a net $339M in Q3 2013, closing 22 positions and reducing 13 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $125M position sold in full.
By sector, the portfolio is most concentrated in Energy at 14% of assets, up from 12% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Corvex Management opened a new position in American Tower worth $148M.
- Corvex Management's largest Q3 2013 buy was American Tower: 2,000,000 shares worth $148M.
- Corvex Management added most to HCA Healthcare in Q3 2013, an estimated $80.9M increase.
- Corvex Management's biggest Q3 2013 reduction was TIME WARNER CABLE INC NEW COM STK, cutting an estimated $123M.
- Corvex Management fully exited Alphabet (Google) Class C in Q3 2013, selling an estimated $125M.
- Corvex Management's ten largest holdings make up 49% of its $5.36B portfolio in Q3 2013.
- Corvex Management opened 26 new positions and closed 22 in Q3 2013.
- Corvex Management's portfolio value rose 0.81% quarter-over-quarter to $5.36B.
Based on Corvex Management's 13F filing for Q3 2013, filed 14 Nov 2013.