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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
+1.09%
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
+$82K
(+0%)
Cap. Flow
-$71.6M
Cap. Flow
% of AUM
-3.52%
Top 10 Holdings %
Top 10 Hldgs %
71.69%
Holding
43
New
8
Increased
2
Reduced
12
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CTLT
CATALENT, INC.
CTLT
|
+$249M |
| 2 |
Knife River
KNF
|
+$108M |
| 3 |
Southwest Gas
SWX
|
+$67.8M |
| 4 |
ATVI
Activision Blizzard
ATVI
|
+$49.9M |
| 5 |
Adobe
ADBE
|
+$38.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
California Resources
CRC
|
+$100M |
| 2 |
MDU Resources
MDU
|
+$94.1M |
| 3 |
Constellation Energy
CEG
|
+$90.8M |
| 4 |
Fomento Económico Mexicano
FMX
|
+$52.2M |
| 5 |
EDR
Endeavor Group Holdings, Inc.
EDR
|
+$44.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 25.99% |
| 2 | Consumer Discretionary | 14.94% |
| 3 | Healthcare | 13.08% |
| 4 | Consumer Staples | 9.3% |
| 5 | Technology | 7.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
MGM Resorts International
MGM
$11.9B
| $282M | 13.88% |
6,423,778
-250,000
| -4% | -$10.7M |
|
|
CTLT
2
DELISTED
CATALENT, INC.
CTLT
| $246M | 12.09% |
+5,670,297
| New | +$249M |
|
|
3
MDU Resources
MDU
$4.36B
| $212M | 10.45% |
18,315,409
-8,370,142
| -31% | -$94.1M |
|
|
4
Fomento Económico Mexicano
FMX
$44.3B
| $138M | 6.77% |
1,241,675
-518,980
| -29% | -$52.2M |
|
|
5
Southwest Gas
SWX
$6.64B
| $131M | 6.45% |
2,060,072
+1,147,283
| +126% | +$67.8M |
|
6
PUT
iShares Russell 2000 ETF
IWM
$81.2B
| $131M | 6.45% |
700,000
-500,000
| -42% | -$89.1M |
|
|
7
Knife River
KNF
$4.46B
| $110M | 5.43% |
+2,536,755
| New | +$108M |
|
|
ATVI
8
CALL
DELISTED
Activision Blizzard
ATVI
| $71.7M | 3.52% |
850,000
-700,000
| -45% | -$56.6M |
|
|
9
Constellation Energy
CEG
$90.5B
| $67.7M | 3.33% |
740,000
-1,095,162
| -60% | -$90.8M |
|
10
Algonquin Power & Utilities
AQN
$4.47B
| $67.5M | 3.32% |
8,169,499
-3,729,068
| -31% | -$31.7M |
|
11
CSX Corp
CSX
$93.1B
| $66.6M | 3.28% |
1,953,268
| – | – |
|
|
PPLI
12
People Inc
PPLI
$3.33B
| $54.6M | 2.69% |
1,060,719
| – | – |
|
|
ATVI
13
DELISTED
Activision Blizzard
ATVI
| $52M | 2.56% |
+616,400
| New | +$49.9M |
|
14
Coca-Cola Europacific Partners
CCEP
$47B
| $51.5M | 2.53% |
799,325
| – | – |
|
15
AES
AES
$10.6B
| $49.6M | 2.44% |
2,394,584
-1,605,000
| -40% | -$35.3M |
|
|
16
Adobe
ADBE
$93.3B
| $46.9M | 2.31% |
+96,000
| New | +$38.7M |
|
17
KKR & Co
KKR
$87.1B
| $34M | 1.67% |
+607,419
| New | +$31.8M |
|
|
LSXMA
18
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $30.6M | 1.51% |
1,269,752
| – | – |
|
19
Uber
UBER
$147B
| $29.8M | 1.47% |
690,080
-24,920
| -3% | -$926K |
|
|
WWE
20
DELISTED
World Wrestling Entertainment
WWE
| $28.3M | 1.39% |
+260,926
| New | +$27M |
|
|
LSXMK
21
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $24.1M | 1.19% |
950,846
| – | – |
|
22
Alphabet (Google) Class A
GOOGL
$4.3T
| $21.7M | 1.07% |
181,480
| – | – |
|
23
GeneDx Holdings
WGS
$1.8B
| $19.7M | 0.97% |
3,307,523
+676,871
| +26% | +$5.36M |
|
24
Microsoft
MSFT
$2.99T
| $19.1M | 0.94% |
55,961
-5,146
| -8% | -$1.61M |
|
25
Amazon
AMZN
$2.69T
| $16.5M | 0.81% |
126,929
| – | – |
|
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Q
Corvex Management's Q2 2023 Portfolio in Review
As of Q2 2023, Corvex Management held 43 positions worth $2.03B, up 0% from $2.03B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Corvex Management withdrew a net $71.6M in Q2 2023, closing 8 positions and reducing 12 holdings. Its most notable exit was California Resources, an estimated $100M position sold in full.
By sector, the portfolio is most concentrated in Utilities at 26% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Corvex Management opened a new position in CATALENT, INC. worth $246M.
- Corvex Management's largest Q2 2023 buy was CATALENT, INC.: 5,670,297 shares worth $246M.
- Corvex Management added most to Southwest Gas in Q2 2023, an estimated $67.8M increase.
- Corvex Management's biggest Q2 2023 reduction was MDU Resources, cutting an estimated $94.1M.
- Corvex Management fully exited California Resources in Q2 2023, selling an estimated $100M.
- Corvex Management's ten largest holdings make up 72% of its $2.03B portfolio in Q2 2023.
- Corvex Management opened 8 new positions and closed 8 in Q2 2023.
- Corvex Management's portfolio value rose 0% quarter-over-quarter to $2.03B.
Based on Corvex Management's 13F filing for Q2 2023, filed 14 Aug 2023.