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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
+29.46%
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
$2.8B
AUM Growth
+$1.06B
Cap. Flow
+$595M
Cap. Flow %
21.24%
Top 10 Hldgs %
74.79%
Holding
50
New
16
Increased
11
Reduced
6
Closed
12

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$76M
2
FE icon
FirstEnergy
FE
+$64.6M
3
FISV
Fiserv Inc
FISV
+$56M
4
WDAY icon
Workday
WDAY
+$53.6M
5
AMZN icon
Amazon
AMZN
+$35.6M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$83.1M
2
EXC icon
Exelon
EXC
+$66.6M
3
CNP icon
CenterPoint Energy
CNP
+$50.4M
4
CMCSA icon
Comcast
CMCSA
+$40.5M
5
ILMN icon
Illumina
ILMN
+$38.6M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 29.92%
2 Communication Services 15.99%
3 Technology 10.59%
4 Utilities 7.7%
5 Financials 1.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MGM icon
1
MGM Resorts International
MGM
$11.9B
$710M 25.35%
22,537,696
– –
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$617M 22.02%
+1,650,000
New +$585M
OPTU
3
Optimum Communications Inc
OPTU
$326M
$118M 4.2%
3,104,105
+112,883
+4% +$3.54M
ATVI
4
DELISTED
Activision Blizzard
ATVI
$105M 3.75%
1,132,636
+415,100
+58% +$33.7M
FE icon
5
FirstEnergy
FE
$28.1B
$103M 3.66%
3,352,732
+2,155,232
+180% +$64.6M
TMUS icon
6
T-Mobile US
TMUS
$212B
$94.5M 3.37%
700,900
-228,550
-25% -$28.2M
GLD icon
7
SPDR Gold Trust
GLD
$129B
$91.5M 3.27%
513,000
– –
AMZN icon
8
Amazon
AMZN
$2.69T
$89.2M 3.18%
547,600
+223,000
+69% +$35.6M
EXC icon
9
Exelon
EXC
$47B
$88.8M 3.17%
2,948,405
-2,257,304
-43% -$66.6M
GOOGL icon
10
Alphabet (Google) Class A
GOOGL
$4.3T
$79.1M 2.82%
+903,000
New +$76M
PPLI
11
People Inc
PPLI
$3.33B
$69.1M 2.47%
668,932
+10,993
+2% +$843K
FISV
12
Fiserv Inc
FISV
$27.6B
$59.2M 2.11%
+520,000
New +$56M
WDAY icon
13
Workday
WDAY
$36.4B
$57.1M 2.04%
+238,500
New +$53.6M
JPM icon
14
JPMorgan Chase
JPM
$901B
$46.6M 1.66%
366,600
+104,600
+40% +$11.7M
EXC icon
15
CALL
Exelon
EXC
$47B
$42.2M 1.51%
+1,402,000
New +$41.4M
DIS icon
16
Walt Disney
DIS
$167B
$41.3M 1.48%
228,160
+5,900
+3% +$847K
CCEP icon
17
Coca-Cola Europacific Partners
CCEP
$47B
$38.6M 1.38%
+774,897
New +$32.7M
ADBE icon
18
Adobe
ADBE
$93.3B
$38.1M 1.36%
76,148
+550
+0.7% +$266K
AEO icon
19
American Eagle Outfitters
AEO
$2.94B
$38M 1.36%
+1,894,101
New +$31.8M
ZEN
20
DELISTED
ZENDESK INC
ZEN
$37.1M 1.33%
259,568
+2,600
+1% +$322K
NFLX icon
21
Netflix
NFLX
$285B
$30.7M 1.1%
568,250
-275,000
-33% -$13.9M
AEO icon
22
CALL
American Eagle Outfitters
AEO
$2.94B
$30.1M 1.07%
+1,500,000
New +$25.2M
LSXMK
23
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$23.5M 0.84%
+698,323
New +$21.3M
LSXMA
24
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$22.8M 0.81%
+717,371
New +$20.7M
HCA icon
25
HCA Healthcare
HCA
$82.2B
$21.4M 0.76%
130,000
– –
1
2

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Corvex Management's Q4 2020 Portfolio in Review

As of Q4 2020, Corvex Management held 50 positions worth $2.8B, up 61% from $1.74B the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Corvex Management deployed $595M of net new capital in Q4 2020, opening 16 new positions and adding to 11 existing holdings. Its largest new stake was Alphabet (Google) Class A: 903,000 shares worth $79.1M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, down from 37% a quarter earlier, followed by Communication Services and Technology.

On the sell side, the largest reduction was Exelon, an estimated $66.6M trimmed.

  • Corvex Management's largest Q4 2020 buy was Alphabet (Google) Class A: 903,000 shares worth $79.1M.
  • Corvex Management added most to FirstEnergy in Q4 2020, an estimated $64.6M increase.
  • Corvex Management's biggest Q4 2020 reduction was Exelon, cutting an estimated $66.6M.
  • Corvex Management fully exited Alibaba in Q4 2020, selling an estimated $83.1M.
  • Corvex Management's ten largest holdings make up 75% of its $2.8B portfolio in Q4 2020.
  • Corvex Management opened 16 new positions and closed 12 in Q4 2020.
  • Corvex Management's portfolio value rose 61% quarter-over-quarter to $2.8B.

Based on Corvex Management's 13F filing for Q4 2020, filed 16 Feb 2021.