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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
+1.04%
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
$1.71B
AUM Growth
+$132M
Cap. Flow
+$146M
Cap. Flow %
8.57%
Top 10 Hldgs %
74.65%
Holding
41
New
5
Increased
10
Reduced
4
Closed
7

Top Buys

Rank Stock Value
1
FMX icon
Fomento Económico Mexicano
FMX
+$119M
2
CRM icon
Salesforce
CRM
+$85.5M
3
MDU icon
MDU Resources
MDU
+$41.2M
4
AMBP icon
Ardagh Metal Packaging
AMBP
+$23.2M
5
CSX icon
CSX Corp
CSX
+$21.5M

Top Sells

Rank Stock Value
1
ZEN
ZENDESK INC
ZEN
+$67.4M
2
FIVN icon
FIVE9
FIVN
+$53.5M
3
CEG icon
Constellation Energy
CEG
+$35.6M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$33.9M
5
CRC icon
California Resources
CRC
+$14.3M

Sector Composition

Rank Sector Weight
1 Utilities 29.02%
2 Consumer Discretionary 19.28%
3 Technology 13.45%
4 Consumer Staples 10.45%
5 Energy 6.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MDU icon
1
MDU Resources
MDU
$4.36B
$278M 16.26%
26,685,551
+3,731,192
+16% +$41.2M
MGM icon
2
MGM Resorts International
MGM
$11.9B
$198M 11.62%
6,673,778
– –
FMX icon
3
Fomento Económico Mexicano
FMX
$44.3B
$144M 8.46%
2,300,126
+1,895,026
+468% +$119M
CRC icon
4
California Resources
CRC
$4.64B
$118M 6.89%
3,057,677
-327,857
-10% -$14.3M
CEG icon
5
Constellation Energy
CEG
$90.5B
$107M 6.28%
1,289,261
-483,349
-27% -$35.6M
MSFT icon
6
Microsoft
MSFT
$2.99T
$105M 6.13%
449,352
+2,200
+0.5% +$581K
AES icon
7
AES
AES
$10.6B
$94.2M 5.52%
4,167,588
-368,008
-8% -$8.73M
CRM icon
8
Salesforce
CRM
$142B
$86.5M 5.07%
601,367
+504,367
+520% +$85.5M
AMZN icon
9
Amazon
AMZN
$2.69T
$72.7M 4.26%
643,100
+72,600
+13% +$9.18M
GOOGL icon
10
Alphabet (Google) Class A
GOOGL
$4.3T
$71.1M 4.16%
743,120
-305,500
-29% -$33.9M
IWM icon
11
CALL
iShares Russell 2000 ETF
IWM
$81.2B
$56.1M 3.29%
+340,000
New +$62M
CSX icon
12
CSX Corp
CSX
$93.1B
$49.1M 2.88%
1,843,000
+693,000
+60% +$21.5M
UBER icon
13
Uber
UBER
$147B
$38.3M 2.25%
1,447,121
– –
SPY icon
14
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$35.7M 2.09%
+100,000
New +$39.7M
LSXMA
15
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$35.5M 2.08%
1,269,752
– –
CCEP icon
16
Coca-Cola Europacific Partners
CCEP
$47B
$34.1M 2%
799,325
+4,000
+0.5% +$201K
BOOT icon
17
Boot Barn
BOOT
$4.55B
$29.3M 1.72%
501,864
+88,948
+22% +$5.96M
AMBP icon
18
Ardagh Metal Packaging
AMBP
$2.69B
$28.8M 1.69%
5,943,682
+3,806,437
+178% +$23.2M
LSXMK
19
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$27.8M 1.63%
950,846
– –
EQRX
20
DELISTED
EQRx, Inc. Common Stock
EQRX
$26M 1.52%
5,250,000
– –
SWX icon
21
Southwest Gas
SWX
$6.64B
$16.3M 0.96%
+234,119
New +$19M
TWTR
22
DELISTED
Twitter, Inc.
TWTR
$15.3M 0.9%
+350,000
New +$14.2M
WGS icon
23
GeneDx Holdings
WGS
$1.8B
$14M 0.82%
482,955
– –
SKYA
24
DELISTED
Skydeck Acquisition Corp. Class A Ordinary Shares
SKYA
$9.64M 0.57%
980,000
– –
SLGC
25
DELISTED
SomaLogic, Inc. Class A Common Stock
SLGC
$7.25M 0.42%
2,500,000
– –
1
2

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Corvex Management's Q3 2022 Portfolio in Review

As of Q3 2022, Corvex Management held 41 positions worth $1.71B, up 8.4% from $1.57B the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Corvex Management deployed $146M of net new capital in Q3 2022, opening 5 new positions and adding to 10 existing holdings. Its largest new stake was Southwest Gas: 234,119 shares worth $16.3M.

By sector, the portfolio is most concentrated in Utilities at 29% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was Constellation Energy, an estimated $35.6M trimmed.

  • Corvex Management's largest Q3 2022 buy was Southwest Gas: 234,119 shares worth $16.3M.
  • Corvex Management added most to Fomento Económico Mexicano in Q3 2022, an estimated $119M increase.
  • Corvex Management's biggest Q3 2022 reduction was Constellation Energy, cutting an estimated $35.6M.
  • Corvex Management fully exited ZENDESK INC in Q3 2022, selling an estimated $67.4M.
  • Corvex Management's ten largest holdings make up 75% of its $1.71B portfolio in Q3 2022.
  • Corvex Management opened 5 new positions and closed 7 in Q3 2022.
  • Corvex Management's portfolio value rose 8.4% quarter-over-quarter to $1.71B.

Based on Corvex Management's 13F filing for Q3 2022, filed 14 Nov 2022.