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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
+9.38%
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
$2.57B
AUM Growth
+$411M
Cap. Flow
+$165M
Cap. Flow %
6.41%
Top 10 Hldgs %
74.81%
Holding
39
New
4
Increased
4
Reduced
2
Closed
8

Top Buys

Rank Stock Value
1
DLTR icon
Dollar Tree
DLTR
+$103M
2
FTRE icon
Fortrea Holdings
FTRE
+$52.2M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$21.8M
4
AQN icon
Algonquin Power & Utilities
AQN
+$11.5M
5
PPLI
People Inc
PPLI
+$11.3M

Top Sells

Rank Stock Value
1
CAE icon
CAE Inc
CAE
+$19.3M
2
LSXMA
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
+$8.18M
3
GRAL
GRAIL Inc
GRAL
+$5.82M
4
MGM icon
MGM Resorts International
MGM
+$4.79M
5
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
+$4.26M

Sector Composition

Rank Sector Weight
1 Utilities 25.11%
2 Healthcare 17.36%
3 Industrials 15.04%
4 Consumer Discretionary 12.55%
5 Communication Services 12.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SWX icon
1
Southwest Gas
SWX
$6.38B
$352M 13.67%
4,769,098
– –
ILMN icon
2
Illumina
ILMN
$33B
$297M 11.55%
2,280,798
-8,688
-0.4% -$1.07M
MDU icon
3
MDU Resources
MDU
$4.12B
$278M 10.8%
18,315,409
– –
VSTS icon
4
Vestis
VSTS
$1.75B
$253M 9.84%
17,007,877
– –
MGM icon
5
MGM Resorts International
MGM
$10.4B
$224M 8.71%
5,738,478
-121,000
-2% -$4.79M
IWM icon
6
PUT
iShares Russell 2000 ETF
IWM
$80.5B
$133M 5.15%
+600,000
New +$128M
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$4.14T
$107M 4.14%
643,209
+130,000
+25% +$21.8M
WGS icon
8
GeneDx Holdings
WGS
$2.56B
$105M 4.08%
2,473,781
– –
AMZN icon
9
Amazon
AMZN
$2.79T
$96.4M 3.75%
517,629
– –
PPLI
10
People Inc
PPLI
$2.9B
$80.2M 3.11%
1,815,694
+271,810
+18% +$11.3M
DLTR icon
11
Dollar Tree
DLTR
$24.7B
$79.5M 3.09%
+1,130,974
New +$103M
LLYVA icon
12
Liberty Live Group Series A
LLYVA
$8.8B
$77.2M 3%
1,558,332
– –
MSFT icon
13
Microsoft
MSFT
$3.71T
$74.7M 2.9%
173,661
– –
NSC icon
14
Norfolk Southern
NSC
$74B
$67.8M 2.63%
272,831
+30,774
+13% +$7.38M
CCEP icon
15
Coca-Cola Europacific Partners
CCEP
$46.7B
$62.9M 2.45%
799,325
– –
LLYVK icon
16
Liberty Live Group Series C
LLYVK
$9.11B
$47.5M 1.85%
925,378
– –
FTRE icon
17
Fortrea Holdings
FTRE
$1.68B
$44.4M 1.73%
+2,220,742
New +$52.2M
FMX icon
18
Fomento Económico Mexicano
FMX
$41B
$40M 1.55%
405,150
– –
KOF icon
19
Coca-Cola Femsa
KOF
$23.5B
$39.6M 1.54%
446,177
– –
CSX icon
20
CSX Corp
CSX
$91.5B
$35.8M 1.39%
1,037,268
– –
HXL icon
21
Hexcel
HXL
$6.96B
$30.1M 1.17%
487,213
– –
LNG icon
22
Cheniere Energy
LNG
$60.3B
$23M 0.89%
128,000
– –
AQN icon
23
Algonquin Power & Utilities
AQN
$4.37B
$16.6M 0.64%
3,041,626
+2,029,680
+201% +$11.5M
APD icon
24
Air Products & Chemicals
APD
$67.1B
$2.59M 0.1%
+8,700
New +$2.38M
NVDA icon
25
NVIDIA
NVDA
$5.56T
$1.97M 0.08%
16,250
– –
1
2

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Corvex Management's Q3 2024 Portfolio in Review

As of Q3 2024, Corvex Management held 39 positions worth $2.57B, up 19% from $2.16B the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Corvex Management deployed $165M of net new capital in Q3 2024, opening 4 new positions and adding to 4 existing holdings. Its largest new stake was Dollar Tree: 1,130,974 shares worth $79.5M.

By sector, the portfolio is most concentrated in Utilities at 25% of assets, down from 28% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was MGM Resorts International, an estimated $4.79M trimmed.

  • Corvex Management's largest Q3 2024 buy was Dollar Tree: 1,130,974 shares worth $79.5M.
  • Corvex Management added most to Alphabet (Google) Class A in Q3 2024, an estimated $21.8M increase.
  • Corvex Management's biggest Q3 2024 reduction was MGM Resorts International, cutting an estimated $4.79M.
  • Corvex Management fully exited CAE Inc in Q3 2024, selling an estimated $19.3M.
  • Corvex Management's ten largest holdings make up 75% of its $2.57B portfolio in Q3 2024.
  • Corvex Management opened 4 new positions and closed 8 in Q3 2024.
  • Corvex Management's portfolio value rose 19% quarter-over-quarter to $2.57B.

Based on Corvex Management's 13F filing for Q3 2024, filed 14 Nov 2024.