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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
+8.43%
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
$8.27B
AUM Growth
+$118M
Cap. Flow
-$201M
Cap. Flow %
-2.43%
Top 10 Hldgs %
76.05%
Holding
58
New
17
Increased
8
Reduced
8
Closed
18
Avg Time Held Equity + Options
2.1 quarters
Top 10 Avg Time Held Equity + Options
2.3 quarters
Top 20 Avg Time Held Equity + Options
2.1 quarters
Avg Time Held Equity only
2.1 quarters
Top 10 Avg Time Held Equity only
2.4 quarters
Top 20 Avg Time Held Equity only
2.6 quarters

Top Buys

Rank Stock Value
1
VER
VEREIT, Inc.
VER
+$599M
2
TAP icon
Molson Coors Class B
TAP
+$116M
3
ENDP
Endo International plc
ENDP
+$106M
4
AMAT icon
Applied Materials
AMAT
+$95.8M
5
MGM icon
MGM Resorts International
MGM
+$81.6M

Top Sells

Rank Stock Value
1
MON
Monsanto Co
MON
+$290M
2
LVLT
Level 3 Communications Inc
LVLT
+$178M
3
LAMR icon
Lamar Advertising Co
LAMR
+$177M
4
CCI icon
Crown Castle
CCI
+$165M
5
AGN
Allergan Inc
AGN
+$159M

Sector Composition

Rank Sector Weight
1 Energy 25.61%
2 Financials 14.39%
3 Real Estate 13.6%
4 Consumer Discretionary 11.69%
5 Miscellaneous 9.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
WMB icon
1
Williams Companies
WMB
$89.7B
$2.11B 25.5%
41,682,960
– –
2013 Q2
7 quarters
SIG icon
2
Signet Jewelers
SIG
$4.09B
$797M 9.64%
5,745,911
+235,000
+4% +$29.1M
2013 Q4
5 quarters
FNF icon
3
Fidelity National Financial
FNF
$10.4B
$744M 9%
29,155,669
– –
2013 Q3
6 quarters
VER
4
DELISTED
VEREIT, Inc.
VER
$696M 8.41%
14,128,886
+12,526,806
+782% +$599M
2014 Q4
1 quarter
BEAV
5
DELISTED
B/E Aerospace Inc
BEAV
$423M 5.12%
6,655,210
-206,652
-3% -$12.7M
2014 Q3
2 quarters
AGN
6
DELISTED
Allergan plc
AGN
$399M 4.82%
1,339,903
+68,100
+5% +$19.4M
2013 Q4
5 quarters
ICE icon
7
Intercontinental Exchange
ICE
$87.4B
$374M 4.53%
8,026,800
-905,650
-10% -$40.8M
2014 Q2
3 quarters
XLE icon
8
PUT
State Street Energy Select Sector SPDR ETF
XLE
$43.4B
$310M 3.75%
8,000,000
+4,000,000
+100% +$155M
2014 Q4
1 quarter
ESI icon
9
Element Solutions
ESI
$8.76B
$235M 2.84%
9,161,222
+2,774,558
+43% +$66.8M
2014 Q4
1 quarter
TWX
10
DELISTED
Time Warner Inc
TWX
$201M 2.43%
2,381,000
-15,995
-0.7% -$1.33M
2014 Q1
4 quarters
LAMR icon
11
Lamar Advertising Co
LAMR
$14.8B
$190M 2.3%
3,210,437
-3,091,225
-49% -$177M
2013 Q2
7 quarters
AMAT icon
12
CALL
Applied Materials
AMAT
$356B
$158M 1.91%
7,000,000
+5,000,000
+250% +$120M
2014 Q4
1 quarter
TAP icon
13
Molson Coors Class B
TAP
$7.13B
$145M 1.76%
1,953,479
+1,533,479
+365% +$116M
2014 Q3
2 quarters
CCI icon
14
Crown Castle
CCI
$33.6B
$134M 1.61%
1,617,608
-1,941,460
-55% -$165M
2013 Q3
6 quarters
DHR icon
15
CALL
Danaher
DHR
$158B
$127M 1.54%
2,231,748
+2,160,332
+3,025% +$124M
2014 Q2
3 quarters
ENDP
16
DELISTED
Endo International plc
ENDP
$114M 1.37%
+1,265,561
New +$106M
2015 Q1
0 quarters
TAP icon
17
CALL
Molson Coors Class B
TAP
$7.13B
$112M 1.35%
1,500,000
– –
2014 Q2
3 quarters
BUD icon
18
AB InBev
BUD
$156B
$105M 1.27%
862,530
-556,456
-39% -$67.2M
2014 Q1
4 quarters
EQC icon
19
DELISTED
Equity Commonwealth
EQC
$105M 1.27%
3,942,046
– –
2013 Q2
7 quarters
AMAT icon
20
Applied Materials
AMAT
$356B
$90.2M 1.09%
+4,000,000
New +$95.8M
2015 Q1
0 quarters
MGM icon
21
MGM Resorts International
MGM
$7.25B
$82M 0.99%
+3,898,782
New +$81.6M
2015 Q1
0 quarters
DHR icon
22
Danaher
DHR
$158B
$68.9M 0.83%
1,208,120
-1,112,898
-48% -$63.9M
2014 Q3
2 quarters
CIT
23
DELISTED
CIT Group Inc.
CIT
$68.5M 0.83%
+1,517,972
New +$69M
2015 Q1
0 quarters
VIAB
24
CALL
DELISTED
Viacom Inc. Class B
VIAB
$68.3M 0.83%
+1,000,000
New +$69M
2015 Q1
0 quarters
YUM icon
25
Yum! Brands
YUM
$39.8B
$67.4M 0.82%
+1,191,392
New +$65M
2015 Q1
0 quarters
1
2 3

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Corvex Management's Q1 2015 Portfolio in Review

As of Q1 2015, Corvex Management held 58 positions worth $8.27B, up 1.4% from $8.15B the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Corvex Management's Q1 2015 filing shows 17 new, 8 increased, 8 reduced and 18 closed positions. Its largest new stake was Endo International plc: 1,265,561 shares worth $114M. The largest sale was Monsanto Co, an estimated $290M.

By sector, the portfolio is most concentrated in Energy at 26% of assets, up from 25% a quarter earlier, followed by Financials and Real Estate.

  • Corvex Management's largest Q1 2015 buy was Endo International plc: 1,265,561 shares worth $114M.
  • Corvex Management added most to VEREIT, Inc. in Q1 2015, an estimated $599M increase.
  • Corvex Management's biggest Q1 2015 reduction was Level 3 Communications Inc, cutting an estimated $178M.
  • Corvex Management fully exited Monsanto Co in Q1 2015, selling an estimated $290M.
  • Corvex Management's ten largest holdings make up 76% of its $8.27B portfolio in Q1 2015.
  • Corvex Management opened 17 new positions and closed 18 in Q1 2015.
  • Corvex Management's portfolio value rose 1.4% quarter-over-quarter to $8.27B.

Based on Corvex Management's 13F filing for Q1 2015, filed 15 May 2015.