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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
+20.41%
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
$8.43B
AUM Growth
+$1.3B
Cap. Flow
+$174M
Cap. Flow %
2.07%
Top 10 Hldgs %
67.74%
Holding
70
New
13
Increased
13
Reduced
9
Closed
26

Top Buys

Rank Stock Value
1
MON
Monsanto Co
MON
+$352M
2
ICE icon
Intercontinental Exchange
ICE
+$233M
3
LAMR icon
Lamar Advertising Co
LAMR
+$112M
4
APC
Anadarko Petroleum
APC
+$94.2M
5
AGN
Allergan plc
AGN
+$91.4M

Top Sells

Rank Stock Value
1
TMO icon
Thermo Fisher Scientific
TMO
+$293M
2
AMT icon
American Tower
AMT
+$172M
3
LVLT
Level 3 Communications Inc
LVLT
+$141M
4
DHR icon
Danaher
DHR
+$129M
5
HCA icon
HCA Healthcare
HCA
+$116M

Sector Composition

Rank Sector Weight
1 Energy 28.8%
2 Financials 9.79%
3 Healthcare 8.01%
4 Real Estate 8.01%
5 Consumer Discretionary 7.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WMB icon
1
Williams Companies
WMB
$86.7B
$2.43B 28.8%
41,682,960
– –
SIG icon
2
Signet Jewelers
SIG
$3.72B
$623M 7.39%
5,632,411
+141,778
+3% +$14.8M
FNF icon
3
Fidelity National Financial
FNF
$14B
$599M 7.11%
32,027,618
– –
MON
4
DELISTED
Monsanto Co
MON
$431M 5.11%
3,453,684
+3,003,940
+668% +$352M
TWTC
5
DELISTED
TW TELECOM INC CL A COM
TWTC
$309M 3.67%
7,660,595
– –
XOP icon
6
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.59B
$288M 3.42%
875,000
+250,000
+40% +$76.9M
APC
7
DELISTED
Anadarko Petroleum
APC
$277M 3.28%
2,526,580
+925,000
+58% +$94.2M
CCI icon
8
Crown Castle
CCI
$33.4B
$266M 3.16%
3,587,796
+72,000
+2% +$5.4M
AGN
9
DELISTED
Allergan plc
AGN
$263M 3.12%
1,177,813
+441,200
+60% +$91.4M
ICE icon
10
Intercontinental Exchange
ICE
$87.7B
$226M 2.68%
+5,981,065
New +$233M
PARA
11
DELISTED
Paramount Global Class B
PARA
$208M 2.47%
3,344,266
+138,474
+4% +$8.24M
DHR icon
12
CALL
Danaher
DHR
$138B
$205M 2.43%
+3,868,363
New +$199M
DG icon
13
Dollar General
DG
$28.1B
$185M 2.2%
3,225,186
-1,134,770
-26% -$64.9M
LAMR icon
14
Lamar Advertising Co
LAMR
$16.3B
$185M 2.19%
3,488,762
+2,218,400
+175% +$112M
IWM icon
15
PUT
iShares Russell 2000 ETF
IWM
$80.2B
$178M 2.12%
+1,500,000
New +$170M
EQC
16
DELISTED
Equity Commonwealth
EQC
$149M 1.77%
5,675,250
– –
FDO
17
CALL
DELISTED
FAMILY DOLLAR STORES
FDO
$132M 1.57%
+2,000,000
New +$121M
ICE icon
18
CALL
Intercontinental Exchange
ICE
$87.7B
$132M 1.57%
+3,500,000
New +$136M
TWX
19
DELISTED
Time Warner Inc
TWX
$130M 1.55%
1,855,000
+165,340
+10% +$10.9M
VIAB
20
CALL
DELISTED
Viacom Inc. Class B
VIAB
$130M 1.54%
1,500,000
+1,000,000
+200% +$85M
WBA
21
DELISTED
Walgreens Boots Alliance
WBA
$127M 1.5%
1,706,600
+1,260,600
+283% +$88.1M
HCA icon
22
HCA Healthcare
HCA
$85.7B
$108M 1.29%
1,922,459
-2,189,220
-53% -$116M
AZN icon
23
AstraZeneca
AZN
$266B
$92M 1.09%
+1,238,000
New +$89.5M
LVLT
24
DELISTED
Level 3 Communications Inc
LVLT
$91.1M 1.08%
2,074,954
-3,364,046
-62% -$141M
NSM
25
CALL
DELISTED
Nationstar Mortgage Holdings
NSM
$81.7M 0.97%
2,250,000
-300,000
-12% -$9.95M
1
2 3

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Corvex Management's Q2 2014 Portfolio in Review

As of Q2 2014, Corvex Management held 70 positions worth $8.43B, up 18% from $7.13B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Corvex Management's Q2 2014 filing shows 13 new, 13 increased, 9 reduced and 26 closed positions. Its largest new stake was Intercontinental Exchange: 5,981,065 shares worth $226M. The largest sale was Thermo Fisher Scientific, an estimated $293M.

By sector, the portfolio is most concentrated in Energy at 29% of assets, up from 25% a quarter earlier, followed by Financials and Healthcare.

  • Corvex Management's largest Q2 2014 buy was Intercontinental Exchange: 5,981,065 shares worth $226M.
  • Corvex Management added most to Monsanto Co in Q2 2014, an estimated $352M increase.
  • Corvex Management's biggest Q2 2014 reduction was Level 3 Communications Inc, cutting an estimated $141M.
  • Corvex Management fully exited Thermo Fisher Scientific in Q2 2014, selling an estimated $293M.
  • Corvex Management's ten largest holdings make up 68% of its $8.43B portfolio in Q2 2014.
  • Corvex Management opened 13 new positions and closed 26 in Q2 2014.
  • Corvex Management's portfolio value rose 18% quarter-over-quarter to $8.43B.

Based on Corvex Management's 13F filing for Q2 2014, filed 14 Aug 2014.