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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
$5.34B
AUM Growth
-$2.17B
Cap. Flow
-$935M
Cap. Flow %
-17.51%
Top 10 Hldgs %
83.55%
Holding
42
New
8
Increased
8
Reduced
5
Closed
12

Top Buys

Rank Stock Value
1
CCEP icon
Coca-Cola Europacific Partners
CCEP
+$67.5M
2
HAIN icon
Hain Celestial
HAIN
+$63.3M
3
JPM icon
JPMorgan Chase
JPM
+$62M
4
ZAYO
Zayo Group Holdings, Inc.
ZAYO
+$43.9M
5
TMUS icon
T-Mobile US
TMUS
+$39.7M

Top Sells

Rank Stock Value
1
WMB icon
Williams Companies
WMB
+$612M
2
FNF icon
Fidelity National Financial
FNF
+$300M
3
VER
VEREIT, Inc.
VER
+$107M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$87.9M
5
MON
Monsanto Co
MON
+$77.4M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 50.31%
2 Energy 11.25%
3 Financials 9.33%
4 Healthcare 7.03%
5 Consumer Staples 5.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
YUM icon
1
Yum! Brands
YUM
$42B
$1.91B 35.79%
29,266,911
– –
WMB icon
2
Williams Companies
WMB
$90.2B
$572M 10.72%
18,628,954
-23,054,006
-55% -$612M
SIG icon
3
Signet Jewelers
SIG
$3.21B
$516M 9.66%
6,918,614
+95,200
+1% +$8.05M
FNF icon
4
Fidelity National Financial
FNF
$12.8B
$397M 7.45%
15,512,192
-11,591,998
-43% -$300M
BALL icon
5
Ball Corp
BALL
$16.9B
$259M 4.86%
6,332,372
-583,954
-8% -$22.3M
NOMD icon
6
Nomad Foods
NOMD
$1.66B
$182M 3.42%
15,430,522
– –
VISN
7
Vistance Networks Inc
VISN
$1.4B
$169M 3.17%
5,624,914
+366,656
+7% +$11.1M
P
8
DELISTED
Pandora Media Inc
P
$164M 3.07%
11,423,142
– –
ESI icon
9
Element Solutions
ESI
$8.51B
$151M 2.84%
18,674,095
+4,242,424
+29% +$37.9M
JCI icon
10
Johnson Controls International
JCI
$84.6B
$138M 2.58%
2,963,352
+405,152
+16% +$18.8M
MDCO
11
DELISTED
Medicines Co
MDCO
$116M 2.18%
3,086,803
– –
TMH
12
DELISTED
Team Health Holdings Inc
TMH
$102M 1.9%
3,118,806
+355,497
+13% +$13.1M
BIO icon
13
Bio-Rad Laboratories Class A
BIO
$10.4B
$79.8M 1.5%
487,254
– –
CCEP icon
14
Coca-Cola Europacific Partners
CCEP
$48.2B
$70.6M 1.32%
+1,769,661
New +$67.5M
BEAV
15
DELISTED
B/E Aerospace Inc
BEAV
$65.7M 1.23%
1,272,522
-1,430,737
-53% -$69.2M
JPM icon
16
JPMorgan Chase
JPM
$951B
$63.3M 1.19%
+950,750
New +$62M
EVHC
17
DELISTED
Envision Healthcare Holdings Inc
EVHC
$61.1M 1.14%
916,316
+116,853
+15% +$8.05M
HAIN icon
18
Hain Celestial
HAIN
$66.1M
$51.4M 0.96%
+1,443,585
New +$63.3M
ZAYO
19
DELISTED
Zayo Group Holdings, Inc.
ZAYO
$48.4M 0.91%
1,628,775
+1,516,405
+1,349% +$43.9M
TMUS icon
20
T-Mobile US
TMUS
$195B
$40.4M 0.76%
+863,865
New +$39.7M
BAC icon
21
Bank of America
BAC
$436B
$37.1M 0.69%
+2,370,000
New +$35.3M
CSOD
22
DELISTED
Cornerstone OnDemand, Inc.
CSOD
$34.6M 0.65%
+753,933
New +$33M
MPC icon
23
Marathon Petroleum
MPC
$104B
$28.4M 0.53%
700,000
+122,000
+21% +$4.95M
ET icon
24
CALL
Energy Transfer Partners
ET
$73.4B
$16.8M 0.31%
1,000,000
-5,500,000
-85% -$92.9M
JPM icon
25
CALL
JPMorgan Chase
JPM
$951B
$16.6M 0.31%
+250,000
New +$16.3M
1
2

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CAMG
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SCM
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VVP
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OCM
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Corvex Management's Q3 2016 Portfolio in Review

As of Q3 2016, Corvex Management held 42 positions worth $5.34B, down 29% from $7.51B the previous quarter. Its ten largest holdings account for 84% of the portfolio.

Corvex Management withdrew a net $935M in Q3 2016, closing 12 positions and reducing 5 holdings. Its most notable exit was VEREIT, Inc., an estimated $107M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 50% of assets, up from 34% a quarter earlier, followed by Energy and Financials.

Against the trend, Corvex Management opened a new position in Coca-Cola Europacific Partners worth $70.6M.

  • Corvex Management's largest Q3 2016 buy was Coca-Cola Europacific Partners: 1,769,661 shares worth $70.6M.
  • Corvex Management added most to Zayo Group Holdings, Inc. in Q3 2016, an estimated $43.9M increase.
  • Corvex Management's biggest Q3 2016 reduction was Williams Companies, cutting an estimated $612M.
  • Corvex Management fully exited VEREIT, Inc. in Q3 2016, selling an estimated $107M.
  • Corvex Management's ten largest holdings make up 84% of its $5.34B portfolio in Q3 2016.
  • Corvex Management opened 8 new positions and closed 12 in Q3 2016.
  • Corvex Management's portfolio value fell 29% quarter-over-quarter to $5.34B.

Based on Corvex Management's 13F filing for Q3 2016, filed 14 Nov 2016.