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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
-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
(-8.8%)
Cap. Flow
+$85.4M
Cap. Flow
% of AUM
4.61%
Top 10 Holdings %
Top 10 Hldgs %
67.83%
Holding
46
New
11
Increased
11
Reduced
3
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EDR
Endeavor Group Holdings, Inc.
EDR
|
+$114M |
| 2 |
Southwest Gas
SWX
|
+$87.5M |
| 3 |
Amazon
AMZN
|
+$51.7M |
| 4 |
Liberty Live Group Series A
LLYVA
|
+$51.2M |
| 5 |
TKO Group
TKO
|
+$46.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CTLT
CATALENT, INC.
CTLT
|
+$246M |
| 2 |
Constellation Energy
CEG
|
+$67.7M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$52M |
| 4 |
AES
AES
|
+$49.6M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1
MGM Resorts International
MGM
$10.6B
| $236M | 12.74% |
6,423,778
| – | – |
|
|
2
Southwest Gas
SWX
$6.45B
| $207M | 11.18% |
3,431,023
+1,370,951
| +67% | +$87.5M |
|
3
MDU Resources
MDU
$4.16B
| $199M | 10.72% |
18,315,409
| – | – |
|
4
Knife River
KNF
$3.65B
| $124M | 6.68% |
2,536,755
| – | – |
|
|
EDR
5
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $98.5M | 5.32% |
+4,951,105
| New | +$114M |
|
|
6
Fomento Económico Mexicano
FMX
$40.9B
| $95.8M | 5.17% |
877,606
-364,069
| -29% | -$40.4M |
|
7
CALL
Kenvue
KVUE
$36.8B
| $90.6M | 4.89% |
+4,510,900
| New | +$104M |
|
8
CSX Corp
CSX
$95B
| $72.8M | 3.93% |
2,366,268
+413,000
| +21% | +$13.1M |
|
9
Uber
UBER
$161B
| $68.4M | 3.69% |
1,488,302
+798,222
| +116% | +$36.5M |
|
|
10
Amazon
AMZN
$2.87T
| $65.2M | 3.52% |
512,629
+385,700
| +304% | +$51.7M |
|
|
PPLI
11
People Inc
PPLI
$2.91B
| $63.8M | 3.44% |
1,543,884
+483,165
| +46% | +$23.4M |
|
12
Algonquin Power & Utilities
AQN
$4.36B
| $61.5M | 3.32% |
10,381,899
+2,212,400
| +27% | +$16.7M |
|
13
Microsoft
MSFT
$3.81T
| $54.8M | 2.96% |
173,661
+117,700
| +210% | +$38.9M |
|
14
Coca-Cola Europacific Partners
CCEP
$48.2B
| $49.9M | 2.69% |
799,325
| – | – |
|
|
15
Liberty Live Group Series A
LLYVA
$9.19B
| $49.7M | 2.68% |
+1,558,332
| New | +$51.2M |
|
16
Adobe
ADBE
$116B
| $46.8M | 2.52% |
91,760
-4,240
| -4% | -$2.22M |
|
17
KKR & Co
KKR
$97.6B
| $46.2M | 2.49% |
749,582
+142,163
| +23% | +$8.63M |
|
|
LSXMA
18
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $44.2M | 2.39% |
1,737,568
+467,816
| +37% | +$11.1M |
|
|
19
TKO Group
TKO
$13.5B
| $42.1M | 2.27% |
+501,396
| New | +$46.5M |
|
20
Coca-Cola Femsa
KOF
$23.7B
| $36.4M | 1.96% |
+464,160
| New | +$38.4M |
|
|
21
Liberty Live Group Series C
LLYVK
$9.53B
| $29.7M | 1.6% |
+925,378
| New | +$30.6M |
|
|
LSXMK
22
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $26.3M | 1.42% |
1,034,519
+83,673
| +9% | +$2.03M |
|
23
Alphabet (Google) Class A
GOOGL
$4.24T
| $24.5M | 1.32% |
187,180
+5,700
| +3% | +$737K |
|
24
GeneDx Holdings
WGS
$2.57B
| $12M | 0.65% |
3,307,523
| – | – |
|
25
Ardagh Metal Packaging
AMBP
$3.07B
| $2.71M | 0.15% |
864,335
| – | – |
|
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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.