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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
+9.96%
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
$5.36B
AUM Growth
+$42.9M
Cap. Flow
+$202M
Cap. Flow %
3.76%
Top 10 Hldgs %
48.91%
Holding
86
New
26
Increased
14
Reduced
13
Closed
22

Top Buys

Rank Stock Value
1
AMT icon
American Tower
AMT
+$144M
2
HCA icon
HCA Healthcare
HCA
+$80.9M
3
HRI icon
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
GOOG icon
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
CRI icon
Carter's
CRI
+$71.8M

Sector Composition

Rank Sector Weight
1 Miscellaneous 24.36%
2 Energy 15.42%
3 Industrials 13.4%
4 Communication Services 11.9%
5 Real Estate 9.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WMB icon
1
Williams Companies
WMB
$90.7B
$495M 9.22%
13,603,266
+1,450,000
+12% +$50.8M
ADT
2
DELISTED
ADT Corp
ADT
$454M 8.46%
11,166,021
– –
PARA
3
DELISTED
Paramount Global Class B
PARA
$260M 4.85%
4,714,627
+203,427
+5% +$10.8M
TMO icon
4
Thermo Fisher Scientific
TMO
$227B
$255M 4.75%
2,762,844
– –
TWTC
5
DELISTED
TW TELECOM INC CL A COM
TWTC
$241M 4.49%
8,059,762
-1,009,462
-11% -$29.7M
MSFT icon
6
CALL
Microsoft
MSFT
$3.71T
$209M 3.89%
+6,266,700
New +$206M
LVLT
7
DELISTED
Level 3 Communications Inc
LVLT
$206M 3.85%
7,734,487
+2,690,800
+53% +$62.1M
STZ icon
8
Constellation Brands
STZ
$21.9B
$180M 3.35%
3,134,505
-893,506
-22% -$48.6M
DG icon
9
Dollar General
DG
$29.4B
$176M 3.29%
3,121,300
+205,300
+7% +$11.3M
AMT icon
10
American Tower
AMT
$81.9B
$148M 2.76%
+2,000,000
New +$144M
TLM
11
DELISTED
TALISMAN ENERGY INC
TLM
$132M 2.46%
11,472,900
+2,412,900
+27% +$27M
FDO
12
CALL
DELISTED
FAMILY DOLLAR STORES
FDO
$128M 2.39%
1,776,900
+1,276,900
+255% +$89.7M
HCA icon
13
HCA Healthcare
HCA
$87.7B
$125M 2.33%
2,925,738
+2,070,790
+242% +$80.9M
EQC
14
DELISTED
Equity Commonwealth
EQC
$124M 2.32%
5,675,250
– –
VOD icon
15
Vodafone
VOD
$39.1B
$121M 2.26%
3,382,291
-595,467
-15% -$18.8M
APC
16
CALL
DELISTED
Anadarko Petroleum
APC
$121M 2.25%
1,300,000
-2,000,000
-61% -$182M
LBTYA icon
17
Liberty Global Class A
LBTYA
$3.62B
$97.1M 1.81%
2,967,465
-1,161,425
-28% -$37.5M
TMO icon
18
CALL
Thermo Fisher Scientific
TMO
$227B
$92.2M 1.72%
1,000,000
– –
PSX icon
19
Phillips 66
PSX
$102B
$92M 1.72%
1,590,849
+393,221
+33% +$22.8M
APC
20
DELISTED
Anadarko Petroleum
APC
$86.2M 1.61%
926,764
+203,264
+28% +$18.5M
TWC
21
CALL
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$83.7M 1.56%
+750,000
New +$84.3M
QCOM icon
22
Qualcomm
QCOM
$180B
$78.7M 1.47%
1,168,200
+168,200
+17% +$11M
WMB icon
23
CALL
Williams Companies
WMB
$90.7B
$72.7M 1.36%
2,000,000
-1,000,000
-33% -$35M
EVTC icon
24
Evertec
EVTC
$1.81B
$68.8M 1.28%
3,096,512
+753,575
+32% +$17.9M
CF icon
25
CF Industries
CF
$20.2B
$66.3M 1.24%
+1,573,500
New +$60.3M
1
2 3 4

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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 deployed $202M of net new capital in Q3 2013, opening 26 new positions and adding to 14 existing holdings. Its largest new stake was American Tower: 2,000,000 shares worth $148M.

By sector, the portfolio is most concentrated in Miscellaneous at 24% of assets, down from 33% a quarter earlier, followed by Energy and Industrials.

On the sell side, the largest reduction was TIME WARNER CABLE INC NEW COM STK, an estimated $123M trimmed.

  • 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.