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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
-16.84%
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
$1.57B
AUM Growth
-$7.75M
(-0.49%)
Cap. Flow
+$321M
Cap. Flow
% of AUM
20.41%
Top 10 Holdings %
Top 10 Hldgs %
74.1%
Holding
42
New
8
Increased
7
Reduced
4
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MDU Resources
MDU
|
+$233M |
| 2 |
California Resources
CRC
|
+$116M |
| 3 |
ZEN
ZENDESK INC
ZEN
|
+$89.8M |
| 4 |
AES
AES
|
+$55.8M |
| 5 |
CSX Corp
CSX
|
+$37.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FIVE9
FIVN
|
+$94.1M |
| 2 |
Constellation Energy
CEG
|
+$68.7M |
| 3 |
Amazon
AMZN
|
+$28.5M |
| 4 |
Coca-Cola Europacific Partners
CCEP
|
+$14.2M |
| 5 |
Southwest Gas
SWX
|
+$5.48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 27.46% |
| 2 | Consumer Discretionary | 18.76% |
| 3 | Technology | 17.87% |
| 4 | Energy | 8.28% |
| 5 | Communication Services | 7.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
MDU Resources
MDU
$4.17B
| $236M | 14.96% |
+22,954,359
| New | +$233M |
|
2
MGM Resorts International
MGM
$11.7B
| $193M | 12.27% |
6,673,778
| – | – |
|
|
3
California Resources
CRC
$4.53B
| $130M | 8.28% |
3,385,534
+2,707,159
| +399% | +$116M |
|
4
Microsoft
MSFT
$3.35T
| $115M | 7.29% |
447,152
+18,500
| +4% | +$5.02M |
|
5
Alphabet (Google) Class A
GOOGL
$4.08T
| $114M | 7.26% |
1,048,620
+124,000
| +13% | +$14.6M |
|
|
6
Constellation Energy
CEG
$94.1B
| $102M | 6.45% |
1,772,610
-1,141,861
| -39% | -$68.7M |
|
|
7
AES
AES
$10.6B
| $95.3M | 6.05% |
4,535,596
+2,556,296
| +129% | +$55.8M |
|
|
ZEN
8
DELISTED
ZENDESK INC
ZEN
| $67.4M | 4.28% |
+910,600
| New | +$89.8M |
|
|
9
Amazon
AMZN
$2.53T
| $60.6M | 3.85% |
570,500
-228,000
| -29% | -$28.5M |
|
|
10
FIVE9
FIVN
$2.12B
| $53.5M | 3.4% |
586,638
-930,206
| -61% | -$94.1M |
|
|
11
Coca-Cola Europacific Partners
CCEP
$49.3B
| $41M | 2.61% |
795,325
-276,599
| -26% | -$14.2M |
|
12
PUT
Apple
AAPL
$4.9T
| $34.2M | 2.17% |
+250,000
| New | +$37.9M |
|
|
LSXMA
13
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $33.6M | 2.14% |
1,269,752
| – | – |
|
|
14
CSX Corp
CSX
$93B
| $33.4M | 2.12% |
+1,150,000
| New | +$37.5M |
|
15
Uber
UBER
$143B
| $29.6M | 1.88% |
1,447,121
| – | – |
|
16
Boot Barn
BOOT
$4.68B
| $28.5M | 1.81% |
+412,916
| New | +$35.4M |
|
17
Fomento Económico Mexicano
FMX
$43.2B
| $27.3M | 1.74% |
405,100
| – | – |
|
|
LSXMK
18
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $26.6M | 1.69% |
950,846
| – | – |
|
|
EQRX
19
DELISTED
EQRx, Inc. Common Stock
EQRX
| $24.6M | 1.56% |
5,250,000
+1,033,991
| +25% | +$4.66M |
|
20
GeneDx Holdings
WGS
$2.05B
| $20.1M | 1.28% |
482,955
+346,591
| +254% | +$23.5M |
|
|
ZEN
21
CALL
DELISTED
ZENDESK INC
ZEN
| $20M | 1.27% |
+269,700
| New | +$26.6M |
|
22
Salesforce
CRM
$148B
| $16M | 1.02% |
+97,000
| New | +$17.1M |
|
23
Ardagh Metal Packaging
AMBP
$2.9B
| $13M | 0.83% |
+2,137,245
| New | +$14.4M |
|
|
SLGC
24
DELISTED
SomaLogic, Inc. Class A Common Stock
SLGC
| $11.3M | 0.72% |
2,500,000
| – | – |
|
|
PSTH
25
CALL
DELISTED
Pershing Square Tontine Holdings, Ltd.
PSTH
| $9.99M | 0.63% |
500,500
| – | – |
|
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Corvex Management's Q2 2022 Portfolio in Review
As of Q2 2022, Corvex Management held 42 positions worth $1.57B, down 0.49% from $1.58B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Corvex Management deployed $321M of net new capital in Q2 2022, opening 8 new positions and adding to 7 existing holdings. Its largest new stake was MDU Resources: 22,954,359 shares worth $236M.
By sector, the portfolio is most concentrated in Utilities at 27% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was FIVE9, an estimated $94.1M trimmed.
- Corvex Management's largest Q2 2022 buy was MDU Resources: 22,954,359 shares worth $236M.
- Corvex Management added most to California Resources in Q2 2022, an estimated $116M increase.
- Corvex Management's biggest Q2 2022 reduction was FIVE9, cutting an estimated $94.1M.
- Corvex Management fully exited Southwest Gas in Q2 2022, selling an estimated $5.48M.
- Corvex Management's ten largest holdings make up 74% of its $1.57B portfolio in Q2 2022.
- Corvex Management opened 8 new positions and closed 6 in Q2 2022.
- Corvex Management's portfolio value fell 0.49% quarter-over-quarter to $1.57B.
Based on Corvex Management's 13F filing for Q2 2022, filed 15 Aug 2022.