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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
+30.26%
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
$1.64B
AUM Growth
+$351M
Cap. Flow
+$223M
Cap. Flow %
13.56%
Top 10 Hldgs %
71.13%
Holding
41
New
13
Increased
7
Reduced
6
Closed
12

Top Buys

Rank Stock Value
1
PPLI
People Inc
PPLI
+$114M
2
TMUS icon
T-Mobile US
TMUS
+$95.9M
3
EXC icon
Exelon
EXC
+$80.8M
4
GLD icon
SPDR Gold Trust
GLD
+$60.2M
5
EVRG icon
Evergy
EVRG
+$37.6M

Top Sells

Rank Stock Value
1
ZEN
ZENDESK INC
ZEN
+$96.7M
2
CRM icon
Salesforce
CRM
+$54.7M
3
RTN
Raytheon Company
RTN
+$46.3M
4
ADBE icon
Adobe
ADBE
+$32.7M
5
FANG icon
Diamondback Energy
FANG
+$31.1M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 33.09%
2 Communication Services 27.73%
3 Miscellaneous 20.63%
4 Utilities 9.21%
5 Technology 4.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MGM icon
1
MGM Resorts International
MGM
$10.6B
$379M 23.03%
22,537,696
+100,000
+0.4% +$1.61M
PPLI
2
People Inc
PPLI
$2.91B
$148M 9.03%
+2,568,885
New +$114M
TMUS icon
3
T-Mobile US
TMUS
$195B
$104M 6.34%
+1,000,000
New +$95.9M
NSC icon
4
CALL
Norfolk Southern
NSC
$78.3B
$87.8M 5.34%
500,000
– –
BABA icon
5
CALL
Alibaba
BABA
$296B
$86.3M 5.25%
400,000
-750,000
-65% -$156M
GLD icon
6
SPDR Gold Trust
GLD
$149B
$85.9M 5.22%
513,000
+373,000
+266% +$60.2M
EXC icon
7
Exelon
EXC
$45.3B
$78.8M 4.79%
+3,042,857
New +$80.8M
AMZN icon
8
Amazon
AMZN
$2.87T
$71.8M 4.37%
520,700
-25,300
-5% -$3.06M
OPTU
9
Optimum Communications Inc
OPTU
$389M
$67M 4.08%
2,972,597
-77,403
-3% -$1.9M
BABA icon
10
Alibaba
BABA
$296B
$60.4M 3.68%
280,100
+120,100
+75% +$25M
TIF
11
CALL
DELISTED
Tiffany & Co.
TIF
$54.9M 3.34%
+450,000
New +$56.4M
MSGS icon
12
Madison Square Garden
MSGS
$9.38B
$49.4M 3.01%
336,409
-51,116
-13% -$8.44M
NFLX icon
13
Netflix
NFLX
$340B
$46M 2.8%
1,010,000
+560,000
+124% +$23.8M
EVRG icon
14
Evergy
EVRG
$18.6B
$37.6M 2.29%
+634,705
New +$37.6M
ADBE icon
15
Adobe
ADBE
$116B
$36.8M 2.24%
84,508
-88,325
-51% -$32.7M
ATVI
16
DELISTED
Activision Blizzard
ATVI
$35.8M 2.18%
472,001
-1,000
-0.2% -$69.8K
CMCSA icon
17
Comcast
CMCSA
$96B
$34.1M 2.07%
+875,000
New +$33.3M
CNP icon
18
CenterPoint Energy
CNP
$25.8B
$29.6M 1.8%
1,582,754
+1,551,754
+5,006% +$26.7M
HUM icon
19
Humana
HUM
$46.3B
$27.5M 1.67%
70,803
+48,720
+221% +$18.2M
JPM icon
20
JPMorgan Chase
JPM
$951B
$24.6M 1.5%
+262,000
New +$24.9M
HCA icon
21
CALL
HCA Healthcare
HCA
$90.5B
$24.3M 1.48%
+250,000
New +$26M
IAA
22
DELISTED
IAA, Inc. Common Stock
IAA
$23.5M 1.43%
+609,607
New +$22.7M
CNC icon
23
Centene
CNC
$32B
$22.8M 1.38%
358,000
+218,000
+156% +$14.2M
TIF
24
DELISTED
Tiffany & Co.
TIF
$6.83M 0.42%
+56,037
New +$7.02M
LYV icon
25
Live Nation Entertainment
LYV
$42.3B
$6.65M 0.4%
+150,000
New +$6.58M
1
2

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Corvex Management's Q2 2020 Portfolio in Review

As of Q2 2020, Corvex Management held 41 positions worth $1.64B, up 27% from $1.29B the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Corvex Management deployed $223M of net new capital in Q2 2020, opening 13 new positions and adding to 7 existing holdings. Its largest new stake was People Inc: 2,568,885 shares worth $148M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 33% of assets, up from 27% a quarter earlier, followed by Communication Services and Miscellaneous.

On the sell side, the largest reduction was Adobe, an estimated $32.7M trimmed.

  • Corvex Management's largest Q2 2020 buy was People Inc: 2,568,885 shares worth $148M.
  • Corvex Management added most to SPDR Gold Trust in Q2 2020, an estimated $60.2M increase.
  • Corvex Management's biggest Q2 2020 reduction was Adobe, cutting an estimated $32.7M.
  • Corvex Management fully exited ZENDESK INC in Q2 2020, selling an estimated $96.7M.
  • Corvex Management's ten largest holdings make up 71% of its $1.64B portfolio in Q2 2020.
  • Corvex Management opened 13 new positions and closed 12 in Q2 2020.
  • Corvex Management's portfolio value rose 27% quarter-over-quarter to $1.64B.

Based on Corvex Management's 13F filing for Q2 2020, filed 14 Aug 2020.