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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
+8.85%
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
$2.65B
AUM Growth
+$1.21B
(+85%)
Cap. Flow
+$1.1B
Cap. Flow
% of AUM
41.44%
Top 10 Holdings %
Top 10 Hldgs %
82.58%
Holding
42
New
19
Increased
4
Reduced
6
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MGM Resorts International
MGM
|
+$130M |
| 2 |
Centene
CNC
|
+$75.2M |
| 3 |
Netflix
NFLX
|
+$50.5M |
| 4 |
RTLR
Rattler Midstream LP Common Units
RTLR
|
+$40.2M |
| 5 |
AYX
Alteryx Inc
AYX
|
+$29.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$49.4M |
| 2 |
Take-Two Interactive
TTWO
|
+$40.9M |
| 3 |
Guidewire Software
GWRE
|
+$37.5M |
| 4 |
Adobe
ADBE
|
+$26.5M |
| 5 |
Walt Disney
DIS
|
+$24.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 24.29% |
| 2 | Energy | 12.13% |
| 3 | Communication Services | 8.71% |
| 4 | Technology | 4.48% |
| 5 | Healthcare | 2.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
MGM Resorts International
MGM
$11.7B
| $588M | 22.2% |
20,563,696
+4,870,924
| +31% | +$130M |
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| $586M | 22.14% |
+2,000,000
| New | +$576M |
|
3
Diamondback Energy
FANG
$56.2B
| $320M | 12.09% |
2,935,307
+283,785
| +11% | +$29.6M |
|
|
4
CALL
Alphabet (Google) Class A
GOOGL
$4.08T
| $162M | 6.14% |
+3,000,000
| New | +$174M |
|
5
PUT
Apple
AAPL
$4.9T
| $129M | 4.86% |
+2,600,000
| New | +$127M |
|
6
T-Mobile US
TMUS
$186B
| $107M | 4.06% |
1,449,234
-331,196
| -19% | -$24.6M |
|
7
PUT
VanEck Semiconductor ETF
SMH
$65B
| $91.4M | 3.46% |
+1,660,000
| New | +$90.3M |
|
8
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$32.5B
| $77.4M | 2.93% |
+1,000,000
| New | +$76M |
|
|
9
Centene
CNC
$30.1B
| $73.1M | 2.76% |
+1,393,194
| New | +$75.2M |
|
|
10
Netflix
NFLX
$305B
| $51.4M | 1.94% |
+1,400,000
| New | +$50.5M |
|
|
11
Adobe
ADBE
$98.5B
| $51.4M | 1.94% |
174,407
-95,500
| -35% | -$26.5M |
|
12
Amazon
AMZN
$2.53T
| $48.7M | 1.84% |
514,000
-16,000
| -3% | -$1.49M |
|
|
RTLR
13
DELISTED
Rattler Midstream LP Common Units
RTLR
| $40.7M | 1.54% |
+2,100,000
| New | +$40.2M |
|
|
AYX
14
DELISTED
Alteryx Inc
AYX
| $35.8M | 1.35% |
+328,000
| New | +$29.9M |
|
|
15
Walt Disney
DIS
$167B
| $33M | 1.25% |
236,502
-186,598
| -44% | -$24.7M |
|
16
CALL
Marathon Petroleum
MPC
$91.7B
| $27.9M | 1.06% |
+500,000
| New | +$27.4M |
|
17
Cboe Global Markets
CBOE
$31B
| $24.3M | 0.92% |
234,500
| – | – |
|
|
TSS
18
DELISTED
Total System Services, Inc.
TSS
| $23.1M | 0.87% |
+180,000
| New | +$19.8M |
|
19
Madison Square Garden
MSGS
$9.75B
| $19.7M | 0.75% |
98,897
+17,020
| +21% | +$3.62M |
|
|
S
20
PUT
DELISTED
Sprint Corporation
S
| $19.7M | 0.74% |
+3,000,000
| New | +$19M |
|
|
FSCT
21
DELISTED
ForeScout Technologies, Inc. Common Stock
FSCT
| $16.4M | 0.62% |
+485,700
| New | +$17.8M |
|
22
Comcast
CMCSA
$84B
| $15.2M | 0.58% |
360,613
-135,187
| -27% | -$5.7M |
|
|
WORK
23
DELISTED
Slack Technologies, Inc.
WORK
| $15M | 0.57% |
+400,000
| New | +$14.7M |
|
|
ASAP
24
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
| $14.5M | 0.55% |
115,179
+42,904
| +59% | +$7.32M |
|
|
WCG
25
DELISTED
Wellcare Health Plans, Inc.
WCG
| $14.3M | 0.54% |
+50,000
| New | +$13.8M |
|
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Corvex Management's Q2 2019 Portfolio in Review
As of Q2 2019, Corvex Management held 42 positions worth $2.65B, up 85% from $1.43B the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Corvex Management deployed $1.1B of net new capital in Q2 2019, opening 19 new positions and adding to 4 existing holdings. Its largest new stake was Centene: 1,393,194 shares worth $73.1M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 24% of assets, down from 31% a quarter earlier, followed by Energy and Communication Services.
On the sell side, the largest reduction was Adobe, an estimated $26.5M trimmed.
- Corvex Management's largest Q2 2019 buy was Centene: 1,393,194 shares worth $73.1M.
- Corvex Management added most to MGM Resorts International in Q2 2019, an estimated $130M increase.
- Corvex Management's biggest Q2 2019 reduction was Adobe, cutting an estimated $26.5M.
- Corvex Management fully exited Alphabet (Google) Class A in Q2 2019, selling an estimated $49.4M.
- Corvex Management's ten largest holdings make up 83% of its $2.65B portfolio in Q2 2019.
- Corvex Management opened 19 new positions and closed 7 in Q2 2019.
- Corvex Management's portfolio value rose 85% quarter-over-quarter to $2.65B.
Based on Corvex Management's 13F filing for Q2 2019, filed 14 Aug 2019.