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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
+7.93%
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
$2.03B
AUM Growth
-$769M
Cap. Flow
-$904M
Cap. Flow %
-44.48%
Top 10 Hldgs %
81.33%
Holding
59
New
21
Increased
9
Reduced
5
Closed
13

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$105M
2
EXC icon
Exelon
EXC
+$73.5M
3
TMUS icon
T-Mobile US
TMUS
+$72.8M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$55.7M
5
AMZN icon
Amazon
AMZN
+$54.1M

Top Sells

Rank Stock Value
1
MGM icon
MGM Resorts International
MGM
+$239M
2
FE icon
FirstEnergy
FE
+$93.3M
3
ATVI
Activision Blizzard
ATVI
+$79.6M
4
PPLI
People Inc
PPLI
+$69.1M
5
GLD icon
SPDR Gold Trust
GLD
+$66.7M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 38.88%
2 Communication Services 24.28%
3 Technology 9.71%
4 Utilities 9.13%
5 Consumer Staples 4.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MGM icon
1
MGM Resorts International
MGM
$11.7B
$595M 29.3%
15,673,778
-6,863,918
-30% -$239M
EXC icon
2
Exelon
EXC
$46.6B
$168M 8.28%
5,393,720
+2,445,315
+83% +$73.5M
TMUS icon
3
T-Mobile US
TMUS
$186B
$160M 7.88%
1,278,300
+577,400
+82% +$72.8M
GOOGL icon
4
Alphabet (Google) Class A
GOOGL
$4.08T
$151M 7.44%
1,466,900
+563,900
+62% +$55.7M
AMZN icon
5
Amazon
AMZN
$2.53T
$138M 6.77%
889,160
+341,560
+62% +$54.1M
OPTU
6
Optimum Communications Inc
OPTU
$290M
$114M 5.62%
3,513,905
+409,800
+13% +$14.3M
MSFT icon
7
Microsoft
MSFT
$3.35T
$106M 5.23%
+450,667
New +$105M
CCEP icon
8
Coca-Cola Europacific Partners
CCEP
$49.3B
$93.7M 4.61%
1,797,113
+1,022,216
+132% +$52M
JPM icon
9
JPMorgan Chase
JPM
$933B
$64.2M 3.16%
421,600
+55,000
+15% +$7.91M
FISV
10
Fiserv Inc
FISV
$28.8B
$61.9M 3.05%
520,000
– –
LSXMK
11
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$44.7M 2.2%
1,307,269
+608,946
+87% +$20.4M
DIS icon
12
Walt Disney
DIS
$167B
$42.1M 2.07%
228,160
– –
LSXMA
13
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$33.5M 1.65%
1,032,882
+315,511
+44% +$10.1M
EXPE icon
14
Expedia Group
EXPE
$35.2B
$28.7M 1.41%
+167,000
New +$25.7M
ATVI
15
DELISTED
Activision Blizzard
ATVI
$26.6M 1.31%
286,136
-846,500
-75% -$79.6M
GLD icon
16
SPDR Gold Trust
GLD
$133B
$18.6M 0.91%
116,000
-397,000
-77% -$66.7M
FE icon
17
FirstEnergy
FE
$28.2B
$17.2M 0.85%
495,790
-2,856,942
-85% -$93.3M
GPN icon
18
Global Payments
GPN
$23.8B
$16.5M 0.81%
82,000
– –
RADI
19
DELISTED
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
$14.7M 0.72%
1,000,000
– –
BLMN icon
20
Bloomin' Brands
BLMN
$759M
$12.4M 0.61%
+457,230
New +$11.1M
SIRI icon
21
PUT
SiriusXM
SIRI
$10.4B
$12.2M 0.6%
200,000
– –
FWONK icon
22
Liberty Media Series C
FWONK
$25.1B
$11.3M 0.56%
270,467
– –
BOAC.U
23
DELISTED
Bluescape Opportunities Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant
BOAC.U
$10.7M 0.52%
1,000,000
– –
CZOO
24
DELISTED
Cazoo Group Ltd
CZOO
$10.3M 0.5%
+500
New +$11.6M
LGV.U
25
DELISTED
Longview Acquisition Corp. II Units, each consisting of one share of Class A Common Stock and one-fifth of one redeemable Warrant
LGV.U
$10M 0.49%
+1,000,000
New +$10M
1
2 3

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Corvex Management's Q1 2021 Portfolio in Review

As of Q1 2021, Corvex Management held 59 positions worth $2.03B, down 27% from $2.8B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Corvex Management withdrew a net $904M in Q1 2021, closing 13 positions and reducing 5 holdings. Its most notable exit was People Inc, an estimated $69.1M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 39% of assets, up from 30% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Corvex Management opened a new position in Microsoft worth $106M.

  • Corvex Management's largest Q1 2021 buy was Microsoft: 450,667 shares worth $106M.
  • Corvex Management added most to Exelon in Q1 2021, an estimated $73.5M increase.
  • Corvex Management's biggest Q1 2021 reduction was MGM Resorts International, cutting an estimated $239M.
  • Corvex Management fully exited People Inc in Q1 2021, selling an estimated $69.1M.
  • Corvex Management's ten largest holdings make up 81% of its $2.03B portfolio in Q1 2021.
  • Corvex Management opened 21 new positions and closed 13 in Q1 2021.
  • Corvex Management's portfolio value fell 27% quarter-over-quarter to $2.03B.

Based on Corvex Management's 13F filing for Q1 2021, filed 17 May 2021.