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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
-3.02%
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
$2.16B
AUM Growth
+$7.67M
Cap. Flow
+$130M
Cap. Flow %
6.03%
Top 10 Hldgs %
78.24%
Holding
44
New
6
Increased
6
Reduced
2
Closed
9

Top Buys

Rank Stock Value
1
VSTS icon
Vestis
VSTS
+$198M
2
ILMN icon
Illumina
ILMN
+$141M
3
HXL icon
Hexcel
HXL
+$32.7M
4
LNG icon
Cheniere Energy
LNG
+$20.4M
5
CAE icon
CAE Inc
CAE
+$20.1M

Top Sells

Rank Stock Value
1
TKO icon
TKO Group
TKO
+$69.3M
2
KKR icon
KKR & Co
KKR
+$64.3M
3
APD icon
Air Products & Chemicals
APD
+$31.3M
4
KOF icon
Coca-Cola Femsa
KOF
+$9.95M
5
MGM icon
MGM Resorts International
MGM
+$5.82M

Sector Composition

Rank Sector Weight
1 Utilities 27.56%
2 Consumer Discretionary 16.75%
3 Industrials 15.92%
4 Healthcare 14.33%
5 Communication Services 11.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SWX icon
1
Southwest Gas
SWX
$6.64B
$336M 15.51%
4,769,098
– –
MGM icon
2
MGM Resorts International
MGM
$11.9B
$260M 12.03%
5,859,478
-139,300
-2% -$5.82M
MDU icon
3
MDU Resources
MDU
$4.36B
$255M 11.77%
18,315,409
– –
ILMN icon
4
Illumina
ILMN
$27.9B
$239M 11.04%
2,289,486
+1,256,543
+122% +$141M
VSTS icon
5
Vestis
VSTS
$2.13B
$208M 9.61%
17,007,877
+13,679,468
+411% +$198M
AMZN icon
6
Amazon
AMZN
$2.69T
$100M 4.62%
517,629
– –
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$4.3T
$93.5M 4.32%
513,209
+33,000
+7% +$5.56M
MSFT icon
8
Microsoft
MSFT
$2.99T
$77.6M 3.59%
173,661
– –
WGS icon
9
GeneDx Holdings
WGS
$1.8B
$64.7M 2.99%
2,473,781
– –
PPLI
10
People Inc
PPLI
$3.33B
$59.3M 2.74%
1,543,884
– –
LLYVA icon
11
Liberty Live Group Series A
LLYVA
$8.98B
$58.5M 2.7%
1,558,332
– –
CCEP icon
12
Coca-Cola Europacific Partners
CCEP
$47B
$58.2M 2.69%
799,325
– –
NSC icon
13
Norfolk Southern
NSC
$75.2B
$52M 2.4%
242,057
+66,443
+38% +$15.4M
FMX icon
14
Fomento Económico Mexicano
FMX
$44.3B
$43.6M 2.02%
405,150
+86,000
+27% +$10.1M
KOF icon
15
Coca-Cola Femsa
KOF
$21.8B
$38.3M 1.77%
446,177
-106,255
-19% -$9.95M
ILMN icon
16
CALL
Illumina
ILMN
$27.9B
$37.2M 1.72%
+356,000
New +$39.9M
LLYVK icon
17
Liberty Live Group Series C
LLYVK
$9.35B
$35.4M 1.64%
925,378
– –
CSX icon
18
CSX Corp
CSX
$93.1B
$34.7M 1.6%
1,037,268
– –
HXL icon
19
Hexcel
HXL
$7.97B
$30.4M 1.41%
+487,213
New +$32.7M
LNG icon
20
Cheniere Energy
LNG
$55.5B
$22.4M 1.03%
+128,000
New +$20.4M
CAE icon
21
CAE Inc
CAE
$7.9B
$19.3M 0.89%
+1,037,551
New +$20.1M
LYV icon
22
CALL
Live Nation Entertainment
LYV
$42.1B
$9.37M 0.43%
+100,000
New +$9.45M
LSXMA
23
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$8.18M 0.38%
369,460
– –
AQN icon
24
Algonquin Power & Utilities
AQN
$4.47B
$5.93M 0.27%
1,011,946
– –
GRAL
25
GRAIL Inc
GRAL
$2.96B
$5.82M 0.27%
+378,378
New +$6.14M
1
2

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Corvex Management's Q2 2024 Portfolio in Review

As of Q2 2024, Corvex Management held 44 positions worth $2.16B, up 0.36% from $2.16B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Corvex Management deployed $130M of net new capital in Q2 2024, opening 6 new positions and adding to 6 existing holdings. Its largest new stake was Hexcel: 487,213 shares worth $30.4M.

By sector, the portfolio is most concentrated in Utilities at 28% of assets, down from 29% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Coca-Cola Femsa, an estimated $9.95M trimmed.

  • Corvex Management's largest Q2 2024 buy was Hexcel: 487,213 shares worth $30.4M.
  • Corvex Management added most to Vestis in Q2 2024, an estimated $198M increase.
  • Corvex Management's biggest Q2 2024 reduction was Coca-Cola Femsa, cutting an estimated $9.95M.
  • Corvex Management fully exited TKO Group in Q2 2024, selling an estimated $69.3M.
  • Corvex Management's ten largest holdings make up 78% of its $2.16B portfolio in Q2 2024.
  • Corvex Management opened 6 new positions and closed 9 in Q2 2024.
  • Corvex Management's portfolio value rose 0.36% quarter-over-quarter to $2.16B.

Based on Corvex Management's 13F filing for Q2 2024, filed 14 Aug 2024.