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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
WMB icon
1
Williams Companies
WMB
$86.7B
$1.69B 23.73%
41,682,960
+28,079,694
+206% +$1.14B
SIG icon
2
Signet Jewelers
SIG
$3.72B
$581M 8.16%
5,490,633
+4,627,379
+536% +$404M
FNF icon
3
Fidelity National Financial
FNF
$14B
$575M 8.07%
32,027,618
– –
TMO icon
4
Thermo Fisher Scientific
TMO
$214B
$293M 4.12%
2,439,794
-323,050
-12% -$38.4M
CCI icon
5
Crown Castle
CCI
$33.4B
$259M 3.64%
3,515,796
+792,000
+29% +$58.1M
DG icon
6
Dollar General
DG
$28.1B
$242M 3.39%
4,359,956
+2,248,822
+107% +$131M
TWTC
7
DELISTED
TW TELECOM INC CL A COM
TWTC
$239M 3.36%
7,660,595
– –
HCA icon
8
HCA Healthcare
HCA
$85.7B
$216M 3.03%
4,111,679
– –
LVLT
9
DELISTED
Level 3 Communications Inc
LVLT
$213M 2.99%
5,439,000
-2,485,487
-31% -$89.4M
PARA
10
DELISTED
Paramount Global Class B
PARA
$198M 2.78%
3,205,792
+339,580
+12% +$21.4M
XOP icon
11
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.59B
$180M 2.52%
+625,000
New +$170M
AMT icon
12
American Tower
AMT
$81.3B
$172M 2.41%
2,100,000
+100,000
+5% +$8.15M
AGN
13
DELISTED
Allergan plc
AGN
$152M 2.13%
736,613
+536,857
+269% +$106M
EQC
14
DELISTED
Equity Commonwealth
EQC
$149M 2.09%
5,675,250
– –
APC
15
DELISTED
Anadarko Petroleum
APC
$136M 1.9%
1,601,580
+1,456,900
+1,007% +$119M
DHR icon
16
Danaher
DHR
$138B
$126M 1.77%
+2,502,998
New +$127M
AGN
17
CALL
DELISTED
Allergan Inc
AGN
$112M 1.57%
900,000
+700,000
+350% +$85.2M
TWX
18
DELISTED
Time Warner Inc
TWX
$106M 1.49%
+1,689,660
New +$106M
VIAB
19
DELISTED
Viacom Inc. Class B
VIAB
$105M 1.48%
+1,240,008
New +$106M
NSM
20
CALL
DELISTED
Nationstar Mortgage Holdings
NSM
$82.8M 1.16%
+2,550,000
New +$78.6M
PPLI
21
People Inc
PPLI
$3.08B
$70.3M 0.99%
+5,512,036
New +$70.9M
EMN icon
22
Eastman Chemical
EMN
$8.01B
$68.9M 0.97%
+798,684
New +$65.5M
EVTC icon
23
Evertec
EVTC
$1.95B
$65.5M 0.92%
2,650,200
– –
LAMR icon
24
Lamar Advertising Co
LAMR
$16.3B
$64.8M 0.91%
1,270,362
+77,697
+7% +$3.97M
VYX icon
25
NCR Voyix
VYX
$1.12B
$64.7M 0.91%
+2,884,767
New +$61.3M
1
2 3 4

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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.