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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
+6.37%
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
$2.21B
AUM Growth
+$125M
Cap. Flow
-$203M
Cap. Flow %
-9.18%
Top 10 Hldgs %
74.49%
Holding
33
New
10
Increased
5
Reduced
7
Closed
4

Top Buys

Rank Stock Value
1
NOW icon
ServiceNow
NOW
+$127M
2
ICE icon
Intercontinental Exchange
ICE
+$112M
3
MSFT icon
Microsoft
MSFT
+$109M
4
CRM icon
Salesforce
CRM
+$71.9M
5
MON
Monsanto Co
MON
+$48.1M

Top Sells

Rank Stock Value
1
EVHC
Envision Healthcare Holdings Inc
EVHC
+$176M
2
CMCSA icon
Comcast
CMCSA
+$152M
3
NOMD icon
Nomad Foods
NOMD
+$143M
4
BAC icon
Bank of America
BAC
+$109M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$64.1M

Sector Composition

Rank Sector Weight
1 Energy 27.58%
2 Miscellaneous 21.1%
3 Technology 15.17%
4 Communication Services 14.9%
5 Financials 11.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EGN
1
DELISTED
Energen
EGN
$610M 27.58%
9,710,474
– –
NOW icon
2
ServiceNow
NOW
$146B
$136M 6.14%
+4,105,240
New +$127M
TWX
3
CALL
DELISTED
Time Warner Inc
TWX
$134M 6.06%
1,417,600
+900,000
+174% +$84.8M
META icon
4
Meta Platforms (Facebook)
META
$1.57T
$126M 5.69%
788,000
-103,000
-12% -$18.5M
LUMN icon
5
CALL
Lumen
LUMN
$6.98B
$123M 5.57%
7,500,000
+1,500,000
+25% +$26M
ICE icon
6
Intercontinental Exchange
ICE
$90.5B
$111M 5.02%
+1,532,204
New +$112M
MSFT icon
7
Microsoft
MSFT
$3.71T
$109M 4.91%
+1,190,000
New +$109M
BAC icon
8
Bank of America
BAC
$438B
$106M 4.81%
3,547,000
-3,470,000
-49% -$109M
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.14T
$106M 4.78%
2,039,160
-1,156,120
-36% -$64.1M
MON
10
CALL
DELISTED
Monsanto Co
MON
$87.5M 3.95%
+750,000
New +$90.2M
CRM icon
11
Salesforce
CRM
$213B
$72.8M 3.29%
+626,000
New +$71.9M
MDCO
12
DELISTED
Medicines Co
MDCO
$65.5M 2.96%
1,988,779
-422,054
-18% -$13.2M
META icon
13
CALL
Meta Platforms (Facebook)
META
$1.57T
$63.9M 2.89%
+400,000
New +$71.8M
JBLU icon
14
JetBlue
JBLU
$1.75B
$60M 2.71%
2,954,450
+441,530
+18% +$9.39M
TMUS icon
15
T-Mobile US
TMUS
$195B
$55.4M 2.5%
907,665
+370,000
+69% +$23.1M
FG
16
DELISTED
FGL Holdings Ordinary Shares
FG
$47.4M 2.14%
4,669,274
-107,100
-2% -$1.05M
MON
17
DELISTED
Monsanto Co
MON
$46.7M 2.11%
+400,000
New +$48.1M
TWX
18
DELISTED
Time Warner Inc
TWX
$40.5M 1.83%
427,802
-12,198
-3% -$1.15M
QCOM icon
19
PUT
Qualcomm
QCOM
$180B
$27.7M 1.25%
+500,000
New +$31.9M
BABA icon
20
Alibaba
BABA
$281B
$15.1M 0.68%
82,000
– –
NXPI icon
21
NXP Semiconductors
NXPI
$57.5B
$14.6M 0.66%
125,000
+42,000
+51% +$5.07M
LCAHU
22
DELISTED
Landcadia Holdings, Inc. Unit
LCAHU
$13.2M 0.6%
1,225,000
– –
EVHC
23
DELISTED
Envision Healthcare Holdings Inc
EVHC
$13.2M 0.6%
342,927
-4,708,296
-93% -$176M
OSPRU
24
DELISTED
Osprey Energy Acquisition Corp. Unit
OSPRU
$10.1M 0.46%
1,000,000
– –
KDP icon
25
Keurig Dr Pepper
KDP
$44.3B
$4.95M 0.22%
+41,832
New +$4.64M
1
2

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Corvex Management's Q1 2018 Portfolio in Review

As of Q1 2018, Corvex Management held 33 positions worth $2.21B, up 6% from $2.09B the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Corvex Management withdrew a net $203M in Q1 2018, closing 4 positions and reducing 7 holdings. Its most notable exit was Comcast, an estimated $152M position sold in full.

By sector, the portfolio is most concentrated in Energy at 28% of assets, up from 27% a quarter earlier, followed by Miscellaneous and Technology.

Against the trend, Corvex Management opened a new position in ServiceNow worth $136M.

  • Corvex Management's largest Q1 2018 buy was ServiceNow: 4,105,240 shares worth $136M.
  • Corvex Management added most to T-Mobile US in Q1 2018, an estimated $23.1M increase.
  • Corvex Management's biggest Q1 2018 reduction was Envision Healthcare Holdings Inc, cutting an estimated $176M.
  • Corvex Management fully exited Comcast in Q1 2018, selling an estimated $152M.
  • Corvex Management's ten largest holdings make up 74% of its $2.21B portfolio in Q1 2018.
  • Corvex Management opened 10 new positions and closed 4 in Q1 2018.
  • Corvex Management's portfolio value rose 6% quarter-over-quarter to $2.21B.

Based on Corvex Management's 13F filing for Q1 2018, filed 15 May 2018.