CM

Corvex Management Portfolio holdings

AUM $3.27B Turnover 38.71%
1-Year Est. Return 38.53%
This Fund
S&P 500
This Quarter Est. Return
-6.69%
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
$1.85B
AUM Growth
-$180M
Cap. Flow
+$85.4M
Cap. Flow %
4.61%
Top 10 Hldgs %
67.83%
Holding
46
New
11
Increased
11
Reduced
3
Closed
10
Avg Time Held Equity + Options
1.1 years
Top 10 Avg Time Held Equity + Options
0.8 years
Top 20 Avg Time Held Equity + Options
0.9 years
Avg Time Held Equity only
1.2 years
Top 10 Avg Time Held Equity only
0.9 years
Top 20 Avg Time Held Equity only
0.9 years

Top Buys

Rank Stock Value
1
EDR icon
Endeavor Group Holdings, Inc.
EDR
+$114M
2
SWX icon
Southwest Gas
SWX
+$87.5M
3
AMZN icon
Amazon
AMZN
+$51.7M
4
LLYVA icon
Liberty Live Group Series A
LLYVA
+$51.2M
5
TKO icon
TKO Group
TKO
+$46.5M

Top Sells

Rank Stock Value
1
CTLT icon
CATALENT, INC.
CTLT
+$246M
2
CEG icon
Constellation Energy
CEG
+$67.7M
3
ATVI
Activision Blizzard
ATVI
+$52M
4
AES icon
AES
AES
+$49.6M
5
FMX icon
Fomento Económico Mexicano
FMX
+$40.4M

Sector Composition

Rank Sector Weight
1 Utilities 25.22%
2 Communication Services 20.49%
3 Consumer Discretionary 16.51%
4 Consumer Staples 9.83%
5 Technology 9.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
MGM icon
1
MGM Resorts International
MGM
$7.29B
$236M 12.74%
6,423,778
– –
2018 Q2
21 quarters
SWX icon
2
Southwest Gas
SWX
$6.18B
$207M 11.18%
3,431,023
+1,370,951
+67% +$87.5M
2022 Q3
4 quarters
MDU icon
3
MDU Resources
MDU
$3.9B
$199M 10.72%
18,315,409
– –
2022 Q2
5 quarters
KNF icon
4
Knife River
KNF
$2.72B
$124M 6.68%
2,536,755
– –
2023 Q2
1 quarter
EDR icon
5
DELISTED
Endeavor Group Holdings, Inc.
EDR
$98.5M 5.32%
+4,951,105
New +$114M
2023 Q3
0 quarters
FMX icon
6
Fomento Económico Mexicano
FMX
$41.1B
$95.8M 5.17%
877,606
-364,069
-29% -$40.4M
2022 Q1
6 quarters
KVUE icon
7
CALL
Kenvue
KVUE
$34.6B
$90.6M 4.89%
+4,510,900
New +$104M
2023 Q3
0 quarters
CSX icon
8
CSX Corp
CSX
$89.4B
$72.8M 3.93%
2,366,268
+413,000
+21% +$13.1M
2022 Q2
5 quarters
UBER icon
9
Uber
UBER
$142B
$68.4M 3.69%
1,488,302
+798,222
+116% +$36.5M
2023 Q1
2 quarters
AMZN icon
10
Amazon
AMZN
$2.74T
$65.2M 3.52%
512,629
+385,700
+304% +$51.7M
2023 Q1
2 quarters
PPLI icon
11
People Inc
PPLI
$3.02B
$63.8M 3.44%
1,543,884
+483,165
+46% +$23.4M
2022 Q4
3 quarters
AQN icon
12
Algonquin Power & Utilities
AQN
$3.96B
$61.5M 3.32%
10,381,899
+2,212,400
+27% +$16.7M
2023 Q1
2 quarters
MSFT icon
13
Microsoft
MSFT
$3.96T
$54.8M 2.96%
173,661
+117,700
+210% +$38.9M
2021 Q1
10 quarters
CCEP icon
14
Coca-Cola Europacific Partners
CCEP
$47.1B
$49.9M 2.69%
799,325
– –
2020 Q4
11 quarters
LLYVA icon
15
Liberty Live Group Series A
LLYVA
$8.68B
$49.7M 2.68%
+1,558,332
New +$51.2M
2023 Q3
0 quarters
ADBE icon
16
Adobe
ADBE
$93.7B
$46.8M 2.52%
91,760
-4,240
-4% -$2.22M
2023 Q2
1 quarter
KKR icon
17
KKR & Co
KKR
$76.8B
$46.2M 2.49%
749,582
+142,163
+23% +$8.63M
2023 Q2
1 quarter
LSXMA icon
18
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$44.2M 2.39%
1,737,568
+467,816
+37% +$11.1M
2020 Q4
11 quarters
TKO icon
19
TKO Group
TKO
$12.6B
$42.1M 2.27%
+501,396
New +$46.5M
2023 Q3
0 quarters
KOF icon
20
Coca-Cola Femsa
KOF
$24.6B
$36.4M 1.96%
+464,160
New +$38.4M
2023 Q3
0 quarters
LLYVK icon
21
Liberty Live Group Series C
LLYVK
$8.95B
$29.7M 1.6%
+925,378
New +$30.6M
2023 Q3
0 quarters
LSXMK icon
22
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$26.3M 1.42%
1,034,519
+83,673
+9% +$2.03M
2020 Q4
11 quarters
GOOGL icon
23
Alphabet (Google) Class A
GOOGL
$4.25T
$24.5M 1.32%
187,180
+5,700
+3% +$737K
2020 Q4
11 quarters
WGS icon
24
GeneDx Holdings
WGS
$2.05B
$12M 0.65%
3,307,523
– –
2021 Q3
8 quarters
AMBP icon
25
Ardagh Metal Packaging
AMBP
$2.59B
$2.71M 0.15%
864,335
– –
2022 Q2
5 quarters
1
2

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Corvex Management's Q3 2023 Portfolio in Review

As of Q3 2023, Corvex Management held 46 positions worth $1.85B, down 8.8% from $2.03B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Corvex Management deployed $85.4M of net new capital in Q3 2023, opening 11 new positions and adding to 11 existing holdings. Its largest new stake was Endeavor Group Holdings, Inc.: 4,951,105 shares worth $98.5M.

By sector, the portfolio is most concentrated in Utilities at 25% of assets, down from 26% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was Fomento Económico Mexicano, an estimated $40.4M trimmed.

  • Corvex Management's largest Q3 2023 buy was Endeavor Group Holdings, Inc.: 4,951,105 shares worth $98.5M.
  • Corvex Management added most to Southwest Gas in Q3 2023, an estimated $87.5M increase.
  • Corvex Management's biggest Q3 2023 reduction was Fomento Económico Mexicano, cutting an estimated $40.4M.
  • Corvex Management fully exited CATALENT, INC. in Q3 2023, selling an estimated $246M.
  • Corvex Management's ten largest holdings make up 68% of its $1.85B portfolio in Q3 2023.
  • Corvex Management opened 11 new positions and closed 10 in Q3 2023.
  • Corvex Management's portfolio value fell 8.8% quarter-over-quarter to $1.85B.

Based on Corvex Management's 13F filing for Q3 2023, filed 14 Nov 2023.