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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
+6.56%
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
Cap. Flow
-$41.4M
Cap. Flow %
-1.99%
Top 10 Hldgs %
80.27%
Holding
41
New
12
Increased
5
Reduced
8
Closed
13

Top Buys

Rank Stock Value
1
MGM icon
MGM Resorts International
MGM
+$101M
2
TMUS icon
T-Mobile US
TMUS
+$67.8M
3
NXPI icon
NXP Semiconductors
NXPI
+$41.3M
4
VNO icon
Vornado Realty Trust
VNO
+$36.4M
5
MDB icon
MongoDB
MDB
+$34.9M

Top Sells

Rank Stock Value
1
EGN
Energen
EGN
+$131M
2
MON
Monsanto Co
MON
+$46.7M
3
CRM icon
Salesforce
CRM
+$46.6M
4
GOOGL icon
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
EGN
1
DELISTED
Energen
EGN
$561M 26.96%
7,710,474
-2,000,000
-21% -$131M
NXPI icon
2
CALL
NXP Semiconductors
NXPI
$56.4B
$219M 10.5%
+2,000,000
New +$220M
META icon
3
Meta Platforms (Facebook)
META
$1.47T
$132M 6.35%
680,000
-108,000
-14% -$19.5M
BAC icon
4
Bank of America
BAC
$436B
$128M 6.14%
4,537,000
+990,000
+28% +$29.5M
MSFT icon
5
Microsoft
MSFT
$3.81T
$123M 5.9%
1,245,000
+55,000
+5% +$5.33M
TMUS icon
6
T-Mobile US
TMUS
$195B
$123M 5.89%
2,052,865
+1,145,200
+126% +$67.8M
NOW icon
7
ServiceNow
NOW
$150B
$113M 5.41%
3,265,240
-840,000
-20% -$29.1M
ICE icon
8
Intercontinental Exchange
ICE
$91.1B
$99.7M 4.79%
1,355,517
-176,687
-12% -$12.9M
MGM icon
9
MGM Resorts International
MGM
$10.6B
$91.1M 4.37%
+3,136,800
New +$101M
JBLU icon
10
JetBlue
JBLU
$1.81B
$82.7M 3.97%
4,355,421
+1,400,971
+47% +$27M
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$4.24T
$70.3M 3.38%
1,245,160
-794,000
-39% -$43.2M
NXPI icon
12
NXP Semiconductors
NXPI
$56.4B
$54.6M 2.62%
500,000
+375,000
+300% +$41.3M
VNO icon
13
Vornado Realty Trust
VNO
$7.13B
$38.9M 1.87%
+526,282
New +$36.4M
MDB icon
14
MongoDB
MDB
$35.9B
$38.7M 1.86%
+778,774
New +$34.9M
CRM icon
15
Salesforce
CRM
$211B
$35.5M 1.71%
260,500
-365,500
-58% -$46.6M
MDCO
16
DELISTED
Medicines Co
MDCO
$31.5M 1.51%
858,374
-1,130,405
-57% -$36.7M
MHK icon
17
Mohawk Industries
MHK
$8.8B
$27.9M 1.34%
+130,000
New +$28.5M
CHTR icon
18
Charter Communications
CHTR
$18.3B
$27.6M 1.32%
+94,000
New +$27M
T icon
19
AT&T
T
$178B
$19.3M 0.93%
+794,400
New +$19.9M
FG
20
DELISTED
FGL Holdings Ordinary Shares
FG
$13.7M 0.66%
1,628,635
-3,040,639
-65% -$27.7M
ASAP
21
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
$12.4M 0.6%
+61,250
New +$12.4M
TFCFA
22
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$11.7M 0.56%
+235,548
New +$9.31M
OSPRU
23
DELISTED
Osprey Energy Acquisition Corp. Unit
OSPRU
$11M 0.53%
1,000,000
– –
LUMN icon
24
Lumen
LUMN
$6.23B
$9.26M 0.44%
+497,019
New +$9.03M
LCAHW
25
DELISTED
Landcadia Holdings, Inc. Warrant
LCAHW
$1.02M 0.05%
+1,225,000
New +$856K
1
2

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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.