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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
+9.36%
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
$2.03B
AUM Growth
+$104M
(+5.4%)
Cap. Flow
+$76.6M
Cap. Flow
% of AUM
3.77%
Top 10 Holdings %
Top 10 Hldgs %
79.64%
Holding
40
New
8
Increased
5
Reduced
8
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Algonquin Power & Utilities
AQN
|
+$89.5M |
| 2 |
Southwest Gas
SWX
|
+$55.8M |
| 3 |
Constellation Energy
CEG
|
+$44.2M |
| 4 |
EDR
Endeavor Group Holdings, Inc.
EDR
|
+$41.9M |
| 5 |
CSX Corp
CSX
|
+$35.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$76.4M |
| 2 |
Crown Holdings
CCK
|
+$73.6M |
| 3 |
Fomento Económico Mexicano
FMX
|
+$66.4M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$36.6M |
| 5 |
California Resources
CRC
|
+$18.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 34.75% |
| 2 | Miscellaneous | 18.14% |
| 3 | Consumer Discretionary | 16.25% |
| 4 | Consumer Staples | 10.57% |
| 5 | Communication Services | 7.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
MDU Resources
MDU
$4.12B
| $309M | 15.21% |
26,685,551
| – | – |
|
2
MGM Resorts International
MGM
$10.4B
| $296M | 14.58% |
6,673,778
| – | – |
|
3
PUT
iShares Russell 2000 ETF
IWM
$80.5B
| $214M | 10.53% |
+1,200,000
| New | +$221M |
|
|
4
Fomento Económico Mexicano
FMX
$41B
| $168M | 8.24% |
1,760,655
-759,101
| -30% | -$66.4M |
|
|
5
Constellation Energy
CEG
$106B
| $144M | 7.09% |
1,835,162
+545,901
| +42% | +$44.2M |
|
|
ATVI
6
CALL
DELISTED
Activision Blizzard
ATVI
| $133M | 6.53% |
1,550,000
-1,350,000
| -47% | -$105M |
|
|
7
California Resources
CRC
$4.82B
| $100M | 4.93% |
2,604,166
-453,511
| -15% | -$18.8M |
|
|
8
Algonquin Power & Utilities
AQN
$4.37B
| $99.9M | 4.92% |
+11,898,567
| New | +$89.5M |
|
9
AES
AES
$10.6B
| $96.3M | 4.74% |
3,999,584
-168,004
| -4% | -$4.27M |
|
|
10
CSX Corp
CSX
$91.5B
| $58.5M | 2.88% |
1,953,268
+1,145,807
| +142% | +$35.2M |
|
|
11
Southwest Gas
SWX
$6.38B
| $57M | 2.8% |
912,789
+875,019
| +2,317% | +$55.8M |
|
12
Coca-Cola Europacific Partners
CCEP
$46.7B
| $47.3M | 2.33% |
799,325
| – | – |
|
|
EDR
13
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $44.9M | 2.21% |
+1,878,346
| New | +$41.9M |
|
|
PPLI
14
People Inc
PPLI
$2.9B
| $44.9M | 2.21% |
1,060,719
| – | – |
|
15
GeneDx Holdings
WGS
$2.56B
| $31.7M | 1.56% |
2,630,652
+2,353,436
| +849% | +$31.4M |
|
|
LSXMA
16
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $26.2M | 1.29% |
1,269,752
| – | – |
|
17
Uber
UBER
$155B
| $22.7M | 1.11% |
+715,000
| New | +$22.7M |
|
|
LSXMK
18
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $20.6M | 1.01% |
950,846
| – | – |
|
|
19
Alphabet (Google) Class A
GOOGL
$4.14T
| $18.8M | 0.93% |
181,480
-381,300
| -68% | -$36.6M |
|
|
20
Microsoft
MSFT
$3.71T
| $17.6M | 0.87% |
61,107
-299,700
| -83% | -$76.4M |
|
21
Vail Resorts
MTN
$4.81B
| $15.1M | 0.74% |
+64,624
| New | +$15.6M |
|
22
CALL
SiriusXM
SIRI
$9.77B
| $13.3M | 0.65% |
334,000
-166,000
| -33% | -$7.95M |
|
23
Amazon
AMZN
$2.79T
| $13.1M | 0.64% |
+126,929
| New | +$12.3M |
|
|
LSI
24
DELISTED
Life Storage, Inc.
LSI
| $11.3M | 0.56% |
+86,474
| New | +$10M |
|
|
SKYA
25
DELISTED
Skydeck Acquisition Corp. Class A Ordinary Shares
SKYA
| $10M | 0.49% |
980,000
| – | – |
|
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Corvex Management's Q1 2023 Portfolio in Review
As of Q1 2023, Corvex Management held 40 positions worth $2.03B, up 5.4% from $1.93B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Corvex Management deployed $76.6M of net new capital in Q1 2023, opening 8 new positions and adding to 5 existing holdings. Its largest new stake was Algonquin Power & Utilities: 11,898,567 shares worth $99.9M.
By sector, the portfolio is most concentrated in Utilities at 35% of assets, up from 28% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.
On the sell side, the largest reduction was Microsoft, an estimated $76.4M trimmed.
- Corvex Management's largest Q1 2023 buy was Algonquin Power & Utilities: 11,898,567 shares worth $99.9M.
- Corvex Management added most to Southwest Gas in Q1 2023, an estimated $55.8M increase.
- Corvex Management's biggest Q1 2023 reduction was Microsoft, cutting an estimated $76.4M.
- Corvex Management fully exited Crown Holdings in Q1 2023, selling an estimated $73.6M.
- Corvex Management's ten largest holdings make up 80% of its $2.03B portfolio in Q1 2023.
- Corvex Management opened 8 new positions and closed 5 in Q1 2023.
- Corvex Management's portfolio value rose 5.4% quarter-over-quarter to $2.03B.
Based on Corvex Management's 13F filing for Q1 2023, filed 15 May 2023.