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
-6.61%
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
$2.02B
AUM Growth
-$629M
Cap. Flow
+$121M
Cap. Flow %
5.99%
Top 10 Hldgs %
78.16%
Holding
47
New
12
Increased
7
Reduced
5
Closed
16
Avg Time Held Equity + Options
0.5 years
Top 10 Avg Time Held Equity + Options
0.3 years
Top 20 Avg Time Held Equity + Options
0.3 years
Avg Time Held Equity only
0.7 years
Top 10 Avg Time Held Equity only
0.5 years
Top 20 Avg Time Held Equity only
0.3 years

Top Buys

Rank Stock Value
1
MSGS icon
Madison Square Garden
MSGS
+$93.1M
2
ZEN
ZENDESK INC
ZEN
+$83.1M
3
RTN
Raytheon Company
RTN
+$44.7M
4
FSCT
ForeScout Technologies, Inc. Common Stock
FSCT
+$42.2M
5
WDAY icon
Workday
WDAY
+$41.3M

Top Sells

Rank Stock Value
1
CNC icon
Centene
CNC
+$73.1M
2
TMUS icon
T-Mobile US
TMUS
+$47.4M
3
AYX
Alteryx Inc
AYX
+$35.8M
4
DIS icon
Walt Disney
DIS
+$33M
5
CBOE icon
Cboe Global Markets
CBOE
+$24.3M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 31.51%
2 Miscellaneous 25.95%
3 Technology 14.94%
4 Energy 13.12%
5 Communication Services 12.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
MGM icon
1
MGM Resorts International
MGM
$7.25B
$570M 28.25%
20,563,696
– –
2018 Q2
5 quarters
FANG icon
2
Diamondback Energy
FANG
$55.7B
$264M 13.08%
2,935,307
– –
2018 Q4
3 quarters
SPY icon
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$811B
$237M 11.77%
+800,000
New +$236M
2019 Q3
0 quarters
MSGS icon
4
Madison Square Garden
MSGS
$9.77B
$108M 5.34%
573,625
+474,728
+480% +$93.1M
2019 Q1
2 quarters
ZEN
5
DELISTED
ZENDESK INC
ZEN
$73.5M 3.64%
+1,008,518
New +$83.1M
2019 Q3
0 quarters
ADBE icon
6
Adobe
ADBE
$92.7B
$67.6M 3.35%
244,533
+70,126
+40% +$20.5M
2019 Q1
2 quarters
NFLX icon
7
CALL
Netflix
NFLX
$293B
$66.9M 3.32%
+2,500,000
New +$78.2M
2019 Q3
0 quarters
TMUS icon
8
T-Mobile US
TMUS
$168B
$66.5M 3.3%
844,234
-605,000
-42% -$47.4M
2017 Q3
8 quarters
FSCT
9
DELISTED
ForeScout Technologies, Inc. Common Stock
FSCT
$62.2M 3.08%
1,639,734
+1,154,034
+238% +$42.2M
2019 Q2
1 quarter
AMZN icon
10
Amazon
AMZN
$2.74T
$61.1M 3.03%
704,000
+190,000
+37% +$17.6M
2019 Q1
2 quarters
MPC icon
11
CALL
Marathon Petroleum
MPC
$135B
$57.7M 2.86%
950,000
+450,000
+90% +$23.7M
2019 Q2
1 quarter
RTN
12
DELISTED
Raytheon Company
RTN
$47.3M 2.35%
+241,256
New +$44.7M
2019 Q3
0 quarters
CZR icon
13
PUT
Caesars Entertainment
CZR
$5.98B
$39.9M 1.98%
+1,000,000
New +$42.4M
2019 Q3
0 quarters
RTLR
14
DELISTED
Rattler Midstream LP Common Units
RTLR
$36.4M 1.8%
2,043,316
-56,684
-3% -$1.05M
2019 Q2
1 quarter
WDAY icon
15
Workday
WDAY
$45B
$36.3M 1.8%
+213,700
New +$41.3M
2019 Q3
0 quarters
NFLX icon
16
Netflix
NFLX
$293B
$35.1M 1.74%
1,310,000
-90,000
-6% -$2.82M
2019 Q2
1 quarter
GOOGL icon
17
Alphabet (Google) Class A
GOOGL
$4.26T
$34.2M 1.69%
+560,000
New +$33.2M
2019 Q3
0 quarters
TWLO icon
18
Twilio
TWLO
$42.1B
$27.3M 1.35%
+248,000
New +$32.2M
2019 Q3
0 quarters
BX icon
19
PUT
Blackstone
BX
$79.6B
$24.4M 1.21%
+500,000
New +$24.4M
2019 Q3
0 quarters
NOW icon
20
ServiceNow
NOW
$145B
$20.1M 0.99%
+395,000
New +$21.5M
2019 Q3
0 quarters
RTX icon
21
CALL
RTX Corp
RTX
$251B
$17.1M 0.85%
+199,420
New +$16.6M
2019 Q3
0 quarters
XOP icon
22
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.27B
$13.2M 0.65%
147,500
+50,000
+51% +$4.71M
2019 Q2
1 quarter
S icon
23
PUT
DELISTED
Sprint Corporation
S
$12.3M 0.61%
2,000,000
-1,000,000
-33% -$6.88M
2019 Q2
1 quarter
WORK
24
DELISTED
Slack Technologies, Inc.
WORK
$11.7M 0.58%
493,639
+93,639
+23% +$2.84M
2019 Q2
1 quarter
META icon
25
CALL
Meta Platforms (Facebook)
META
$1.88T
$10.2M 0.5%
57,000
– –
2018 Q4
3 quarters
1
2

Similar funds

ADEF
Adams Diversified Equity Fund Baltimore, Maryland $3.27B AUM 45.57% 1-Year Est. Return
CAMG
CWA Asset Management Group Naples, Florida $3.28B AUM 34.07% 1-Year Est. Return
SCM
Steadfast Capital Management New York $3.26B AUM 36.54% 1-Year Est. Return
VVP
Vulcan Value Partners Birmingham, Alabama $3.29B AUM 6.08% 1-Year Est. Return
BG
Bollard Group Boston, Massachusetts $3.29B AUM 4.86% 1-Year Est. Return
OCM
Oribel Capital Management New York $3.29B AUM 83.82% 1-Year Est. Return
PCM
Prana Capital Management Greenwich, Connecticut $3.3B AUM 0.25% 1-Year Est. Return
VA
VR Adviser New York $3.3B AUM 525.74% 1-Year Est. Return

Corvex Management's Q3 2019 Portfolio in Review

As of Q3 2019, Corvex Management held 47 positions worth $2.02B, down 24% from $2.65B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Corvex Management deployed $121M of net new capital in Q3 2019, opening 12 new positions and adding to 7 existing holdings. Its largest new stake was ZENDESK INC: 1,008,518 shares worth $73.5M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 32% of assets, up from 24% a quarter earlier, followed by Miscellaneous and Technology.

On the sell side, the largest reduction was T-Mobile US, an estimated $47.4M trimmed.

  • Corvex Management's largest Q3 2019 buy was ZENDESK INC: 1,008,518 shares worth $73.5M.
  • Corvex Management added most to Madison Square Garden in Q3 2019, an estimated $93.1M increase.
  • Corvex Management's biggest Q3 2019 reduction was T-Mobile US, cutting an estimated $47.4M.
  • Corvex Management fully exited Centene in Q3 2019, selling an estimated $73.1M.
  • Corvex Management's ten largest holdings make up 78% of its $2.02B portfolio in Q3 2019.
  • Corvex Management opened 12 new positions and closed 16 in Q3 2019.
  • Corvex Management's portfolio value fell 24% quarter-over-quarter to $2.02B.

Based on Corvex Management's 13F filing for Q3 2019, filed 14 Nov 2019.