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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
+6.8%
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
$7.13B
AUM Growth
+$2.3B
Cap. Flow
+$2.05B
Cap. Flow %
28.74%
Top 10 Hldgs %
63.26%
Holding
80
New
23
Increased
12
Reduced
11
Closed
23

Top Buys

Rank Stock Value
1
WMB icon
Williams Companies
WMB
+$1.14B
2
SIG icon
Signet Jewelers
SIG
+$404M
3
DG icon
Dollar General
DG
+$131M
4
DHR icon
Danaher
DHR
+$127M
5
APC
Anadarko Petroleum
APC
+$119M

Top Sells

Rank Stock Value
1
GM icon
General Motors
GM
+$192M
2
LVLT
Level 3 Communications Inc
LVLT
+$89.4M
3
PSX icon
Phillips 66
PSX
+$67.6M
4
STWD icon
Starwood Property Trust
STWD
+$54.2M
5
NRF
NorthStar Realty Finance Corp.
NRF
+$40.3M

Sector Composition

Rank Sector Weight
1 Energy 24.72%
2 Healthcare 12.57%
3 Real Estate 10.56%
4 Consumer Discretionary 8.16%
5 Financials 8.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NRF
76
DELISTED
NorthStar Realty Finance Corp.
NRF
– –
-1,524,488
Closed -$40.3M
ADT
77
DELISTED
ADT Corp
ADT
– –
-433,585
Closed -$17.5M
MHFI
78
CALL
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
– –
-350,000
Closed -$27.4M
FDO
79
CALL
DELISTED
FAMILY DOLLAR STORES
FDO
– –
-1,776,900
Closed -$115M
LIN
80
DELISTED
LIN MEDIA LLC CLASS A COM
LIN
– –
-949,600
Closed -$27.3M
1 2 3
4

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KFC
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Corvex Management's Q1 2014 Portfolio in Review

As of Q1 2014, Corvex Management held 80 positions worth $7.13B, up 48% from $4.83B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Corvex Management deployed $2.05B of net new capital in Q1 2014, opening 23 new positions and adding to 12 existing holdings. Its largest new stake was Danaher: 2,502,998 shares worth $126M.

By sector, the portfolio is most concentrated in Energy at 25% of assets, up from 14% a quarter earlier, followed by Healthcare and Real Estate.

On the sell side, the largest reduction was Level 3 Communications Inc, an estimated $89.4M trimmed.

  • Corvex Management's largest Q1 2014 buy was Danaher: 2,502,998 shares worth $126M.
  • Corvex Management added most to Williams Companies in Q1 2014, an estimated $1.14B increase.
  • Corvex Management's biggest Q1 2014 reduction was Level 3 Communications Inc, cutting an estimated $89.4M.
  • Corvex Management fully exited General Motors in Q1 2014, selling an estimated $192M.
  • Corvex Management's ten largest holdings make up 63% of its $7.13B portfolio in Q1 2014.
  • Corvex Management opened 23 new positions and closed 23 in Q1 2014.
  • Corvex Management's portfolio value rose 48% quarter-over-quarter to $7.13B.

Based on Corvex Management's 13F filing for Q1 2014, filed 15 May 2014.