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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
+3.09%
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
$9.14B
AUM Growth
+$873M
Cap. Flow
+$882M
Cap. Flow %
9.65%
Top 10 Hldgs %
80.63%
Holding
55
New
15
Increased
13
Reduced
5
Closed
15

Top Buys

Rank Stock Value
1
YUM icon
Yum! Brands
YUM
+$1.27B
2
BALL icon
Ball Corp
BALL
+$176M
3
LNG icon
Cheniere Energy
LNG
+$170M
4
AN icon
AutoNation
AN
+$77M
5
PRGO icon
Perrigo
PRGO
+$68.7M

Top Sells

Rank Stock Value
1
LAMR icon
Lamar Advertising Co
LAMR
+$181M
2
CCI icon
Crown Castle
CCI
+$134M
3
ICE icon
Intercontinental Exchange
ICE
+$90.9M
4
SIG icon
Signet Jewelers
SIG
+$83.6M
5
AMAT icon
Applied Materials
AMAT
+$82.1M

Sector Composition

Rank Sector Weight
1 Energy 27.97%
2 Consumer Discretionary 25.61%
3 Financials 12.26%
4 Healthcare 7.91%
5 Communication Services 4.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WMB icon
1
Williams Companies
WMB
$90.7B
$2.39B 26.17%
41,682,960
– –
YUM icon
2
Yum! Brands
YUM
$40.6B
$1.38B 15.06%
21,266,038
+20,074,646
+1,685% +$1.27B
FNF icon
3
Fidelity National Financial
FNF
$13.7B
$755M 8.25%
29,389,158
+233,489
+0.8% +$6.03M
SIG icon
4
Signet Jewelers
SIG
$3.51B
$657M 7.18%
5,122,070
-623,841
-11% -$83.6M
VER
5
DELISTED
VEREIT, Inc.
VER
$592M 6.48%
14,569,306
+440,420
+3% +$19.9M
AGN
6
DELISTED
Allergan plc
AGN
$469M 5.13%
1,544,903
+205,000
+15% +$61.1M
BEAV
7
DELISTED
B/E Aerospace Inc
BEAV
$364M 3.98%
6,630,908
-24,302
-0.4% -$1.45M
ICE icon
8
Intercontinental Exchange
ICE
$80.1B
$271M 2.97%
6,067,800
-1,959,000
-24% -$90.9M
TWX
9
DELISTED
Time Warner Inc
TWX
$253M 2.77%
2,898,525
+517,525
+22% +$44.2M
ESI icon
10
Element Solutions
ESI
$8.88B
$241M 2.64%
9,436,222
+275,000
+3% +$7.42M
TAP icon
11
Molson Coors Class B
TAP
$7.8B
$172M 1.88%
2,460,915
+507,436
+26% +$37.7M
BALL icon
12
Ball Corp
BALL
$16.6B
$171M 1.87%
+4,866,622
New +$176M
LNG icon
13
Cheniere Energy
LNG
$55.5B
$157M 1.72%
+2,272,962
New +$170M
AMAT icon
14
CALL
Applied Materials
AMAT
$417B
$135M 1.47%
7,000,000
– –
BUD icon
15
AB InBev
BUD
$156B
$129M 1.41%
1,068,991
+206,461
+24% +$25.3M
ENDP
16
DELISTED
Endo International plc
ENDP
$126M 1.38%
1,579,696
+314,135
+25% +$27.1M
EQC
17
DELISTED
Equity Commonwealth
EQC
$101M 1.11%
3,942,046
– –
MDCO
18
DELISTED
Medicines Co
MDCO
$88.3M 0.97%
3,086,803
+1,066,400
+53% +$29.7M
AN icon
19
AutoNation
AN
$6.62B
$76.3M 0.84%
+1,212,241
New +$77M
CIT
20
DELISTED
CIT Group Inc.
CIT
$70.6M 0.77%
1,517,972
– –
PRGO icon
21
Perrigo
PRGO
$1.47B
$66.6M 0.73%
+360,310
New +$68.7M
PARA
22
DELISTED
Paramount Global Class B
PARA
$61M 0.67%
+1,100,000
New +$66.5M
VIAB
23
DELISTED
Viacom Inc. Class B
VIAB
$58.1M 0.64%
899,191
– –
GOOG icon
24
Alphabet (Google) Class C
GOOG
$4.29T
$48.6M 0.53%
+1,800,000
New +$48.2M
HOT
25
CALL
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
$40.5M 0.44%
+500,000
New +$41.8M
1
2 3

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Corvex Management's Q2 2015 Portfolio in Review

As of Q2 2015, Corvex Management held 55 positions worth $9.14B, up 11% from $8.27B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Corvex Management deployed $882M of net new capital in Q2 2015, opening 15 new positions and adding to 13 existing holdings. Its largest new stake was Ball Corp: 4,866,622 shares worth $171M.

By sector, the portfolio is most concentrated in Energy at 28% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Financials.

On the sell side, the largest reduction was Lamar Advertising Co, an estimated $181M trimmed.

  • Corvex Management's largest Q2 2015 buy was Ball Corp: 4,866,622 shares worth $171M.
  • Corvex Management added most to Yum! Brands in Q2 2015, an estimated $1.27B increase.
  • Corvex Management's biggest Q2 2015 reduction was Lamar Advertising Co, cutting an estimated $181M.
  • Corvex Management fully exited Crown Castle in Q2 2015, selling an estimated $134M.
  • Corvex Management's ten largest holdings make up 81% of its $9.14B portfolio in Q2 2015.
  • Corvex Management opened 15 new positions and closed 15 in Q2 2015.
  • Corvex Management's portfolio value rose 11% quarter-over-quarter to $9.14B.

Based on Corvex Management's 13F filing for Q2 2015, filed 14 Aug 2015.