CM
Corvex Management Portfolio holdings
AUM
$3.27B
Turnover
38.71%
1-Year Est. Return
38.53%
This Fund
S&P 500
This Quarter
Est. Return
+6.56%
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
$2.08B
AUM Growth
-$131M
(-5.9%)
Cap. Flow
-$41.4M
Cap. Flow
% of AUM
-1.99%
Top 10 Holdings %
Top 10 Hldgs %
80.27%
Holding
41
New
12
Increased
5
Reduced
8
Closed
13
Avg Time Held Equity + Options
0.6
years
Top 10 Avg Time Held Equity + Options
0.4
years
Top 20 Avg Time Held Equity + Options
0.6
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MGM Resorts International
MGM
|
+$101M |
| 2 |
T-Mobile US
TMUS
|
+$67.8M |
| 3 |
NXP Semiconductors
NXPI
|
+$41.3M |
| 4 |
Vornado Realty Trust
VNO
|
+$36.4M |
| 5 |
MongoDB
MDB
|
+$34.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EGN
Energen
EGN
|
+$131M |
| 2 |
MON
Monsanto Co
MON
|
+$46.7M |
| 3 |
Salesforce
CRM
|
+$46.6M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$43.2M |
| 5 |
TWX
Time Warner Inc
TWX
|
+$40.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 26.98% |
| 2 | Communication Services | 18.87% |
| 3 | Technology | 17.49% |
| 4 | Financials | 11.59% |
| 5 | Miscellaneous | 11.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
EGN
1
DELISTED
Energen
EGN
| $561M | 26.96% |
7,710,474
-2,000,000
| -21% | -$131M |
2017 Q1
5 quarters
|
|
|
2
CALL
NXP Semiconductors
NXPI
$55.7B
| $219M | 10.5% |
+2,000,000
| New | +$220M |
2018 Q2
0 quarters
|
|
3
Meta Platforms (Facebook)
META
$1.88T
| $132M | 6.35% |
680,000
-108,000
| -14% | -$19.5M |
2017 Q1
5 quarters
|
|
4
Bank of America
BAC
$359B
| $128M | 6.14% |
4,537,000
+990,000
| +28% | +$29.5M |
2016 Q3
7 quarters
|
|
5
Microsoft
MSFT
$3.96T
| $123M | 5.9% |
1,245,000
+55,000
| +5% | +$5.33M |
2018 Q1
1 quarter
|
|
|
6
T-Mobile US
TMUS
$169B
| $123M | 5.89% |
2,052,865
+1,145,200
| +126% | +$67.8M |
2017 Q3
3 quarters
|
|
7
ServiceNow
NOW
$145B
| $113M | 5.41% |
3,265,240
-840,000
| -20% | -$29.1M |
2018 Q1
1 quarter
|
|
8
Intercontinental Exchange
ICE
$87.1B
| $99.7M | 4.79% |
1,355,517
-176,687
| -12% | -$12.9M |
2018 Q1
1 quarter
|
|
|
9
MGM Resorts International
MGM
$7.29B
| $91.1M | 4.37% |
+3,136,800
| New | +$101M |
2018 Q2
0 quarters
|
|
10
JetBlue
JBLU
$1.14B
| $82.7M | 3.97% |
4,355,421
+1,400,971
| +47% | +$27M |
2017 Q2
4 quarters
|
|
|
11
Alphabet (Google) Class A
GOOGL
$4.25T
| $70.3M | 3.38% |
1,245,160
-794,000
| -39% | -$43.2M |
2016 Q4
6 quarters
|
|
|
12
NXP Semiconductors
NXPI
$55.7B
| $54.6M | 2.62% |
500,000
+375,000
| +300% | +$41.3M |
2017 Q4
2 quarters
|
|
|
13
Vornado Realty Trust
VNO
$6.04B
| $38.9M | 1.87% |
+526,282
| New | +$36.4M |
2018 Q2
0 quarters
|
|
|
14
MongoDB
MDB
$28.7B
| $38.7M | 1.86% |
+778,774
| New | +$34.9M |
2018 Q2
0 quarters
|
|
|
15
Salesforce
CRM
$194B
| $35.5M | 1.71% |
260,500
-365,500
| -58% | -$46.6M |
2018 Q1
1 quarter
|
|
|
MDCO
16
DELISTED
Medicines Co
MDCO
| $31.5M | 1.51% |
858,374
-1,130,405
| -57% | -$36.7M |
2015 Q1
13 quarters
|
|
17
Mohawk Industries
MHK
$8.13B
| $27.9M | 1.34% |
+130,000
| New | +$28.5M |
2018 Q2
0 quarters
|
|
18
Charter Communications
CHTR
$12B
| $27.6M | 1.32% |
+94,000
| New | +$27M |
2018 Q2
0 quarters
|
|
19
AT&T
T
$158B
| $19.3M | 0.93% |
+794,400
| New | +$19.9M |
2018 Q2
0 quarters
|
|
20
DELISTED
FGL Holdings Ordinary Shares
FG
| $13.7M | 0.66% |
1,628,635
-3,040,639
| -65% | -$27.7M |
2017 Q2
4 quarters
|
|
|
ASAP
21
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
| $12.4M | 0.6% |
+61,250
| New | +$12.4M |
2018 Q2
0 quarters
|
|
|
TFCFA
22
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $11.7M | 0.56% |
+235,548
| New | +$9.31M |
2018 Q2
0 quarters
|
|
|
OSPRU
23
DELISTED
Osprey Energy Acquisition Corp. Unit
OSPRU
| $11M | 0.53% |
1,000,000
| – | – |
2017 Q3
3 quarters
|
|
24
Lumen Technologies, Inc. Common Stock
LUMN
$4.69B
| $9.26M | 0.44% |
+497,019
| New | +$9.03M |
2018 Q2
0 quarters
|
|
|
LCAHW
25
DELISTED
Landcadia Holdings, Inc. Warrant
LCAHW
| $1.02M | 0.05% |
+1,225,000
| New | +$856K |
2018 Q2
0 quarters
|
|
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Corvex Management's Q2 2018 Portfolio in Review
As of Q2 2018, Corvex Management held 41 positions worth $2.08B, down 5.9% from $2.21B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Corvex Management's Q2 2018 filing shows 12 new, 5 increased, 8 reduced and 13 closed positions. Its largest new stake was MGM Resorts International: 3,136,800 shares worth $91.1M. The largest sale was Energen, an estimated $131M.
By sector, the portfolio is most concentrated in Energy at 27% of assets, down from 28% a quarter earlier, followed by Communication Services and Technology.
- Corvex Management's largest Q2 2018 buy was MGM Resorts International: 3,136,800 shares worth $91.1M.
- Corvex Management added most to T-Mobile US in Q2 2018, an estimated $67.8M increase.
- Corvex Management's biggest Q2 2018 reduction was Energen, cutting an estimated $131M.
- Corvex Management fully exited Monsanto Co in Q2 2018, selling an estimated $46.7M.
- Corvex Management's ten largest holdings make up 80% of its $2.08B portfolio in Q2 2018.
- Corvex Management opened 12 new positions and closed 13 in Q2 2018.
- Corvex Management's portfolio value fell 5.9% quarter-over-quarter to $2.08B.
Based on Corvex Management's 13F filing for Q2 2018, filed 14 Aug 2018.