We are live on ! Find out more
CM

Corvex Management Portfolio holdings

AUM $2.52B
1-Year Est. Return 25.53%
This Fund
S&P 500
This Quarter Est. Return
+13.42%
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
$4.83B
AUM Growth
-$533M
Cap. Flow
-$1B
Cap. Flow %
-20.78%
Top 10 Hldgs %
59.51%
Holding
87
New
23
Increased
7
Reduced
12
Closed
30

Top Buys

Rank Stock Value
1
FNF icon
Fidelity National Financial
FNF
+$449M
2
GM icon
General Motors
GM
+$198M
3
CCI icon
Crown Castle
CCI
+$154M
4
EQT icon
EQT Corp
EQT
+$66.3M
5
SIG icon
Signet Jewelers
SIG
+$65.3M

Top Sells

Rank Stock Value
1
ADT
ADT Corp
ADT
+$441M
2
STZ icon
Constellation Brands
STZ
+$180M
3
TLM
TALISMAN ENERGY INC
TLM
+$132M
4
VOD icon
Vodafone
VOD
+$121M
5
PARA
Paramount Global Class B
PARA
+$109M

Sector Composition

Rank Sector Weight
1 Real Estate 15.77%
2 Healthcare 14.04%
3 Energy 14.02%
4 Financials 13.06%
5 Industrials 6.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NUAN
76
DELISTED
Nuance Communications, Inc.
NUAN
– –
-3,696,000
Closed -$59.8M
CHK
77
CALL
DELISTED
Chesapeake Energy Corporation
CHK
– –
-2,643
Closed -$12.9M
APC
78
CALL
DELISTED
Anadarko Petroleum
APC
– –
-1,300,000
Closed -$121M
LVLT
79
CALL
DELISTED
Level 3 Communications Inc
LVLT
– –
-750,000
Closed -$20M
TLM
80
DELISTED
TALISMAN ENERGY INC
TLM
– –
-11,472,900
Closed -$132M
BRE
81
DELISTED
BRE PROPERTIES INC CL A
BRE
– –
-406,902
Closed -$20.7M
HMA
82
DELISTED
HEALTH MGMT ASSOC INC CL-A
HMA
– –
-3,851,634
Closed -$49.3M
ASTX
83
DELISTED
ASTEX PHARMACEUTICALS, INC COM
ASTX
– –
-2,443,004
Closed -$20.7M
LPR
84
DELISTED
LONE PINE RES INC
LPR
– –
-3,897,100
Closed -$19K
DISH
85
DELISTED
DISH Network Corp.
DISH
– –
-993,353
Closed -$44.7M
KMI.WS
86
DELISTED
Kinder Morgan Inc
KMI.WS
– –
-500,600
Closed -$2.49M
TWC
87
CALL
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
– –
-750,000
Closed -$83.7M
1 2 3
4

Similar funds

PAI
Pittenger & Anderson Inc Lincoin, Nebraska $2.51B AUM 2.5% 1-Year Est. Return
LIMS
Lasalle Investment Management Securities Baltimore, Maryland $2.53B AUM 2.06% 1-Year Est. Return
SIM
Stratos Investment Management Beachwood, Ohio $2.49B AUM 17.24% 1-Year Est. Return
KFC
Klingenstein Fields & Co New York $2.54B AUM 22.19% 1-Year Est. Return
OBAM
ODDO BHF Asset Management Paris, France $2.54B AUM 41.83% 1-Year Est. Return
Q
QVR San Francisco, California $2.49B AUM 48.58% 1-Year Est. Return
LC
L1 Capital Melbourne VIC 3000, Australia $2.55B AUM 80.12% 1-Year Est. Return
FFA
First Foundation Advisors Irvine, California $2.48B AUM 18.56% 1-Year Est. Return

Corvex Management's Q4 2013 Portfolio in Review

As of Q4 2013, Corvex Management held 87 positions worth $4.83B, down 9.9% from $5.36B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Corvex Management withdrew a net $1B in Q4 2013, closing 30 positions and reducing 12 holdings. Its most notable exit was Constellation Brands, an estimated $180M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 16% of assets, up from 9.5% a quarter earlier, followed by Healthcare and Energy.

Against the trend, Corvex Management opened a new position in General Motors worth $214M.

  • Corvex Management's largest Q4 2013 buy was General Motors: 5,240,000 shares worth $214M.
  • Corvex Management added most to Fidelity National Financial in Q4 2013, an estimated $449M increase.
  • Corvex Management's biggest Q4 2013 reduction was ADT Corp, cutting an estimated $441M.
  • Corvex Management fully exited Constellation Brands in Q4 2013, selling an estimated $180M.
  • Corvex Management's ten largest holdings make up 60% of its $4.83B portfolio in Q4 2013.
  • Corvex Management opened 23 new positions and closed 30 in Q4 2013.
  • Corvex Management's portfolio value fell 9.9% quarter-over-quarter to $4.83B.

Based on Corvex Management's 13F filing for Q4 2013, filed 14 Feb 2014.