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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
+15.79%
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
$1.74B
AUM Growth
+$96.3M
Cap. Flow
-$135M
Cap. Flow %
-7.78%
Top 10 Hldgs %
68.88%
Holding
42
New
13
Increased
9
Reduced
8
Closed
8

Top Buys

Rank Stock Value
1
EXC icon
Exelon
EXC
+$57.3M
2
ILMN icon
Illumina
ILMN
+$44.3M
3
FE icon
FirstEnergy
FE
+$37.6M
4
ACM icon
Aecom
ACM
+$30.7M
5
DIS icon
Walt Disney
DIS
+$27.8M

Top Sells

Rank Stock Value
1
PPLI
People Inc
PPLI
+$131M
2
MSGS icon
Madison Square Garden
MSGS
+$48.1M
3
AMZN icon
Amazon
AMZN
+$30.9M
4
IAA
IAA, Inc. Common Stock
IAA
+$23.5M
5
CNC icon
Centene
CNC
+$22.2M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 36.71%
2 Communication Services 22.56%
3 Utilities 14.65%
4 Technology 6.99%
5 Healthcare 4.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MGM icon
1
MGM Resorts International
MGM
$11.9B
$490M 28.17%
22,537,696
– –
EXC icon
2
Exelon
EXC
$47B
$133M 7.63%
5,205,709
+2,162,852
+71% +$57.3M
TMUS icon
3
T-Mobile US
TMUS
$212B
$106M 6.11%
929,450
-70,550
-7% -$7.82M
GLD icon
4
SPDR Gold Trust
GLD
$129B
$90.9M 5.22%
513,000
– –
BABA icon
5
Alibaba
BABA
$288B
$83.1M 4.78%
282,795
+2,695
+1% +$710K
OPTU
6
Optimum Communications Inc
OPTU
$326M
$77.8M 4.47%
2,991,222
+18,625
+0.6% +$484K
CNC icon
7
CALL
Centene
CNC
$32.5B
$58.3M 3.35%
+1,000,000
New +$62.1M
ATVI
8
DELISTED
Activision Blizzard
ATVI
$58.1M 3.34%
717,536
+245,535
+52% +$19.9M
AMZN icon
9
Amazon
AMZN
$2.69T
$51.1M 2.94%
324,600
-196,100
-38% -$30.9M
CNP icon
10
CenterPoint Energy
CNP
$28.1B
$50.1M 2.88%
2,587,254
+1,004,500
+63% +$19.7M
PPLI
11
People Inc
PPLI
$3.33B
$43M 2.47%
657,939
-1,910,946
-74% -$131M
NFLX icon
12
Netflix
NFLX
$285B
$42.2M 2.42%
843,250
-166,750
-17% -$8.3M
CMCSA icon
13
Comcast
CMCSA
$84.9B
$40.5M 2.33%
875,850
+850
+0.1% +$37K
ILMN icon
14
Illumina
ILMN
$27.9B
$38.6M 2.22%
+128,500
New +$44.3M
ADBE icon
15
Adobe
ADBE
$93.3B
$37.1M 2.13%
75,598
-8,910
-11% -$4.14M
EVRG icon
16
Evergy
EVRG
$19.6B
$36.8M 2.12%
725,000
+90,295
+14% +$5.05M
FE icon
17
FirstEnergy
FE
$28.1B
$34.4M 1.98%
+1,197,500
New +$37.6M
ACM icon
18
Aecom
ACM
$8.73B
$33.7M 1.94%
+805,902
New +$30.7M
TWTR
19
DELISTED
Twitter, Inc.
TWTR
$29.9M 1.72%
+671,900
New +$25.8M
HUM icon
20
Humana
HUM
$47.8B
$29.7M 1.7%
71,670
+867
+1% +$349K
BABA icon
21
CALL
Alibaba
BABA
$288B
$29.4M 1.69%
100,000
-300,000
-75% -$79M
DIS icon
22
Walt Disney
DIS
$167B
$27.6M 1.58%
+222,260
New +$27.8M
ZEN
23
DELISTED
ZENDESK INC
ZEN
$26.4M 1.52%
+256,968
New +$24M
JPM icon
24
JPMorgan Chase
JPM
$901B
$25.2M 1.45%
262,000
– –
HCA icon
25
HCA Healthcare
HCA
$82.2B
$16.2M 0.93%
+130,000
New +$16.1M
1
2

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Corvex Management's Q3 2020 Portfolio in Review

As of Q3 2020, Corvex Management held 42 positions worth $1.74B, up 5.9% from $1.64B the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Corvex Management withdrew a net $135M in Q3 2020, closing 8 positions and reducing 8 holdings. Its most notable exit was IAA, Inc. Common Stock, an estimated $23.5M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 37% of assets, up from 33% a quarter earlier, followed by Communication Services and Utilities.

Against the trend, Corvex Management opened a new position in Illumina worth $38.6M.

  • Corvex Management's largest Q3 2020 buy was Illumina: 128,500 shares worth $38.6M.
  • Corvex Management added most to Exelon in Q3 2020, an estimated $57.3M increase.
  • Corvex Management's biggest Q3 2020 reduction was People Inc, cutting an estimated $131M.
  • Corvex Management fully exited IAA, Inc. Common Stock in Q3 2020, selling an estimated $23.5M.
  • Corvex Management's ten largest holdings make up 69% of its $1.74B portfolio in Q3 2020.
  • Corvex Management opened 13 new positions and closed 8 in Q3 2020.
  • Corvex Management's portfolio value rose 5.9% quarter-over-quarter to $1.74B.

Based on Corvex Management's 13F filing for Q3 2020, filed 16 Nov 2020.