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Corvex Management Portfolio holdings

AUM $3.27B
1-Year Est. Return 38.53%
This Fund
S&P 500
This Quarter Est. Return
+11.6%
1 Year Est. Return
+38.53%
3 Year Est. Return
+95.78%
5 Year Est. Return
+93.81%
10 Year Est. Return
+360.33%
AUM
$1.93B
AUM Growth
+$223M
Cap. Flow
-$251M
Cap. Flow %
-13.01%
Top 10 Hldgs %
81.58%
Holding
42
New
8
Increased
1
Reduced
10
Closed
10

Top Buys

Rank Stock Value
1
CCK icon
Crown Holdings
CCK
+$71.3M
2
PPLI
People Inc
PPLI
+$42M
3
FMX icon
Fomento Económico Mexicano
FMX
+$16.2M
4
ATVI
Activision Blizzard
ATVI
+$2.03M
5
STR.WS
Sitio Royalties Corp.
STR.WS
+$138K

Top Sells

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$82.5M
2
AMZN icon
Amazon
AMZN
+$72.7M
3
UBER icon
Uber
UBER
+$38.3M
4
CSX icon
CSX Corp
CSX
+$31.1M
5
BOOT icon
Boot Barn
BOOT
+$28.4M

Sector Composition

Rank Sector Weight
1 Utilities 28.05%
2 Miscellaneous 22%
3 Consumer Discretionary 15.59%
4 Consumer Staples 12.49%
5 Communication Services 7.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MDU icon
1
MDU Resources
MDU
$4.12B
$308M 15.96%
26,685,551
– –
MGM icon
2
MGM Resorts International
MGM
$10.4B
$224M 11.6%
6,673,778
– –
ATVI
3
CALL
DELISTED
Activision Blizzard
ATVI
$222M 11.51%
+2,900,000
New +$215M
FMX icon
4
Fomento Económico Mexicano
FMX
$41B
$197M 10.2%
2,519,756
+219,630
+10% +$16.2M
CRC icon
5
California Resources
CRC
$4.82B
$133M 6.9%
3,057,677
– –
AES icon
6
AES
AES
$10.6B
$120M 6.21%
4,167,588
– –
CEG icon
7
Constellation Energy
CEG
$106B
$111M 5.76%
1,289,261
– –
QQQ icon
8
PUT
Invesco QQQ Trust
QQQ
$490B
$93.2M 4.83%
+350,000
New +$96.8M
MSFT icon
9
Microsoft
MSFT
$3.71T
$86.5M 4.48%
360,807
-88,545
-20% -$21.2M
QQQ icon
10
CALL
Invesco QQQ Trust
QQQ
$490B
$79.9M 4.14%
+300,000
New +$83M
CCK icon
11
Crown Holdings
CCK
$12.5B
$73.6M 3.81%
+894,861
New +$71.3M
GOOGL icon
12
Alphabet (Google) Class A
GOOGL
$4.14T
$49.7M 2.57%
562,780
-180,340
-24% -$17.1M
CCEP icon
13
Coca-Cola Europacific Partners
CCEP
$46.7B
$44.2M 2.29%
799,325
– –
PPLI
14
People Inc
PPLI
$2.9B
$38.6M 2%
+1,060,719
New +$42M
LSXMA
15
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$36.7M 1.9%
1,269,752
– –
SIRI icon
16
CALL
SiriusXM
SIRI
$9.77B
$29.2M 1.51%
+500,000
New +$30.7M
LSXMK
17
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$28.8M 1.49%
950,846
– –
CSX icon
18
CSX Corp
CSX
$91.5B
$25M 1.3%
807,461
-1,035,539
-56% -$31.1M
SKYA
19
DELISTED
Skydeck Acquisition Corp. Class A Ordinary Shares
SKYA
$9.86M 0.51%
980,000
– –
CRM icon
20
Salesforce
CRM
$213B
$4.74M 0.25%
35,768
-565,599
-94% -$82.5M
ARYD
21
DELISTED
ARYA Sciences Acquisition Corp IV Class A Odinary Shares
ARYD
$4.04M 0.21%
400,000
– –
WGS icon
22
GeneDx Holdings
WGS
$2.56B
$2.41M 0.13%
277,216
-205,739
-43% -$4.53M
SWX icon
23
Southwest Gas
SWX
$6.38B
$2.34M 0.12%
37,770
-196,349
-84% -$13.4M
ATVI
24
DELISTED
Activision Blizzard
ATVI
$2.09M 0.11%
+27,285
New +$2.03M
BOOT icon
25
Boot Barn
BOOT
$4.67B
$1.78M 0.09%
28,392
-473,472
-94% -$28.4M
1
2

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Corvex Management's Q4 2022 Portfolio in Review

As of Q4 2022, Corvex Management held 42 positions worth $1.93B, up 13% from $1.71B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Corvex Management withdrew a net $251M in Q4 2022, closing 10 positions and reducing 10 holdings. Its most notable exit was Amazon, an estimated $72.7M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 28% of assets, down from 29% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.

Against the trend, Corvex Management opened a new position in Crown Holdings worth $73.6M.

  • Corvex Management's largest Q4 2022 buy was Crown Holdings: 894,861 shares worth $73.6M.
  • Corvex Management added most to Fomento Económico Mexicano in Q4 2022, an estimated $16.2M increase.
  • Corvex Management's biggest Q4 2022 reduction was Salesforce, cutting an estimated $82.5M.
  • Corvex Management fully exited Amazon in Q4 2022, selling an estimated $72.7M.
  • Corvex Management's ten largest holdings make up 82% of its $1.93B portfolio in Q4 2022.
  • Corvex Management opened 8 new positions and closed 10 in Q4 2022.
  • Corvex Management's portfolio value rose 13% quarter-over-quarter to $1.93B.

Based on Corvex Management's 13F filing for Q4 2022, filed 14 Feb 2023.