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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
+14.46%
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
$1.9B
AUM Growth
+$44.6M
(+2.4%)
Cap. Flow
-$216M
Cap. Flow
% of AUM
-11.4%
Top 10 Holdings %
Top 10 Hldgs %
73.38%
Holding
39
New
3
Increased
3
Reduced
9
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Illumina
ILMN
|
+$86.6M |
| 2 |
Southwest Gas
SWX
|
+$80.4M |
| 3 |
Coca-Cola Femsa
KOF
|
+$16.3M |
| 4 |
Amazon
AMZN
|
+$701K |
| 5 |
Revolution Medicines
RVMD
|
+$281K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EDR
Endeavor Group Holdings, Inc.
EDR
|
+$92.4M |
| 2 |
Knife River
KNF
|
+$69.4M |
| 3 |
Algonquin Power & Utilities
AQN
|
+$54.7M |
| 4 |
TKO Group
TKO
|
+$42.1M |
| 5 |
LSXMA
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
|
+$35.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 26.84% |
| 2 | Consumer Discretionary | 19.38% |
| 3 | Consumer Staples | 11.4% |
| 4 | Technology | 10.95% |
| 5 | Communication Services | 10.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Southwest Gas
SWX
$6.54B
| $302M | 15.92% |
4,769,098
+1,338,075
| +39% | +$80.4M |
|
2
MGM Resorts International
MGM
$11.7B
| $287M | 15.12% |
6,423,778
| – | – |
|
3
MDU Resources
MDU
$4.17B
| $201M | 10.59% |
18,315,409
| – | – |
|
|
4
Illumina
ILMN
$31B
| $102M | 5.36% |
+750,526
| New | +$86.6M |
|
5
Fomento Económico Mexicano
FMX
$43.2B
| $101M | 5.3% |
772,087
-105,519
| -12% | -$12.6M |
|
|
6
Knife River
KNF
$4.15B
| $87.2M | 4.59% |
1,317,206
-1,219,549
| -48% | -$69.4M |
|
7
Uber
UBER
$143B
| $86.3M | 4.55% |
1,401,302
-87,000
| -6% | -$4.55M |
|
8
CSX Corp
CSX
$93B
| $82M | 4.32% |
2,366,268
| – | – |
|
|
9
Amazon
AMZN
$2.53T
| $78.6M | 4.14% |
517,629
+5,000
| +1% | +$701K |
|
|
PPLI
10
People Inc
PPLI
$3.08B
| $66.3M | 3.5% |
1,543,884
| – | – |
|
11
Microsoft
MSFT
$3.35T
| $65.3M | 3.44% |
173,661
| – | – |
|
|
12
Coca-Cola Femsa
KOF
$22.9B
| $62.5M | 3.29% |
659,924
+195,764
| +42% | +$16.3M |
|
13
KKR & Co
KKR
$90.7B
| $62.1M | 3.27% |
749,582
| – | – |
|
14
Liberty Live Group Series A
LLYVA
$9.39B
| $57M | 3% |
1,558,332
| – | – |
|
15
Adobe
ADBE
$98.5B
| $54.7M | 2.88% |
91,760
| – | – |
|
16
Coca-Cola Europacific Partners
CCEP
$49.3B
| $53.3M | 2.81% |
799,325
| – | – |
|
|
17
CALL
Illumina
ILMN
$31B
| $34.8M | 1.83% |
+257,000
| New | +$29.6M |
|
|
18
Liberty Live Group Series C
LLYVK
$9.72B
| $34.6M | 1.82% |
925,378
| – | – |
|
19
Alphabet (Google) Class A
GOOGL
$4.08T
| $26.1M | 1.38% |
187,180
| – | – |
|
|
EDR
20
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $20.2M | 1.06% |
851,568
-4,099,537
| -83% | -$92.4M |
|
|
LSXMA
21
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $10.6M | 0.56% |
369,460
-1,368,108
| -79% | -$35.8M |
|
22
GeneDx Holdings
WGS
$2.05B
| $6.8M | 0.36% |
2,473,781
-833,742
| -25% | -$1.94M |
|
|
23
Algonquin Power & Utilities
AQN
$4.6B
| $6.4M | 0.34% |
1,011,946
-9,369,953
| -90% | -$54.7M |
|
|
LSXMK
24
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $5.53M | 0.29% |
192,258
-842,261
| -81% | -$22.1M |
|
25
Ardagh Metal Packaging
AMBP
$2.9B
| $1.53M | 0.08% |
398,835
-465,500
| -54% | -$1.62M |
|
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Corvex Management's Q4 2023 Portfolio in Review
As of Q4 2023, Corvex Management held 39 positions worth $1.9B, up 2.4% from $1.85B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Corvex Management withdrew a net $216M in Q4 2023, closing 7 positions and reducing 9 holdings. Its most notable exit was TKO Group, an estimated $42.1M position sold in full.
By sector, the portfolio is most concentrated in Utilities at 27% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
Against the trend, Corvex Management opened a new position in Illumina worth $102M.
- Corvex Management's largest Q4 2023 buy was Illumina: 750,526 shares worth $102M.
- Corvex Management added most to Southwest Gas in Q4 2023, an estimated $80.4M increase.
- Corvex Management's biggest Q4 2023 reduction was Endeavor Group Holdings, Inc., cutting an estimated $92.4M.
- Corvex Management fully exited TKO Group in Q4 2023, selling an estimated $42.1M.
- Corvex Management's ten largest holdings make up 73% of its $1.9B portfolio in Q4 2023.
- Corvex Management opened 3 new positions and closed 7 in Q4 2023.
- Corvex Management's portfolio value rose 2.4% quarter-over-quarter to $1.9B.
Based on Corvex Management's 13F filing for Q4 2023, filed 14 Feb 2024.