Corvex Management Portfolio
Corvex Management 13F filer (CIK 0001535472).
Q3 2023 · 35 positions · Total reported value $1.82B · Top-10 concentration 68.9%
Turnover: 60.0% · 5 new · 7 cut · 6 exited
Active Share (vs S&P 500): 91.2% · vs QQQ: 91.1% — share of the book that differs from index weights (higher = more active) · ranking
In its Q3 2023 13F filing, Corvex Management disclosed 35 equity positions with a combined reported value of $1.82B. The filing implies a focused portfolio: its ten largest positions account for 68.9% of reported value. HoldingsHub classifies the profile as Mid / Focused / High Turnover.
The largest disclosed positions as of Q3 2023 were MGM ($236.14M), SWX ($207.27M), MDU ($198.68M). By sector, the heaviest allocations are Consumer Discretionary 30.3%, Industrials 21.9%. Versus the prior quarter, allocation shifted toward Consumer Discretionary (+13.7pp), Technology (+2.6pp) and away from Other (-18.0pp).
Versus the prior quarter, Corvex Management opened 5 new positions, trimmed 7 and fully exited 6, a turnover rate of 60.0% of positions. The portfolio's overlap with the prior quarter was 55% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
Sector Allocation
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | MGM | MGM RESORTS INTERNATIONAL | 6.42M | $236.14M | 12.95% | Hold |
| 2 | SWX | SOUTHWEST GAS HLDGS INC | 3.43M | $207.27M | 11.37% | Add |
| 3 | MDU | MDU RES GROUP INC | 10.15M | $198.68M | 10.89% | Hold |
| 4 | KNF | KNIFE RIVER CORPORATION | 2.54M | $123.87M | 6.79% | Hold |
| 5 | EDR | ENDEAVOR GROUP HLDGS INC | 4.95M | $98.53M | 5.40% | New |
| 6 | FMX | FOMENTO ECONOMICO MEXICANO S | 877.61K | $95.79M | 5.25% | Reduce |
| 7 | KVUE | KENVUE INC | 4.51M | $90.58M | 4.97% | New |
| 8 | CSX | CSX CORP | 2.37M | $72.76M | 3.99% | Add |
| 9 | UBER | UBER TECHNOLOGIES INC | 1.49M | $68.45M | 3.75% | Add |
| 10 | AMZN | AMAZON COM INC | 512.63K | $65.17M | 3.57% | Add |
| 11 | IAC | IAC INC | 1.27M | $63.82M | 3.50% | Add |
| 12 | AQN | ALGONQUIN POWER & UTILITIES | 10.38M | $61.46M | 3.37% | Add |
| 13 | MSFT | MICROSOFT CORP | 173.66K | $54.83M | 3.01% | Add |
| 14 | CCEP | COCA-COLA EUROPACIFIC PARTNE | 799.33K | $49.94M | 2.74% | Hold |
| 15 | LLYVA | LIBERTY LIVE HOLDINGS INC | 1.56M | $49.74M | 2.73% | New |
| 16 | ADBE | ADOBE INC | 91.76K | $46.79M | 2.57% | Reduce |
| 17 | KKR | KKR & CO INC | 749.58K | $46.17M | 2.53% | Add |
| 18 | LSXMA | LIBERTY MEDIA CORP DEL | 1.74M | $44.22M | 2.42% | New |
| 19 | TKO | TKO GROUP HOLDINGS INC | 501.40K | $42.15M | 2.31% | New |
| 20 | KOF | COCA-COLA FEMSA SAB DE CV | 464.16K | $36.41M | 2.00% | New |
| 21 | LSXMK | LIBERTY MEDIA CORP DEL | 1.03M | $26.34M | 1.44% | New |
| 22 | GOOGL | ALPHABET INC | 187.18K | $24.49M | 1.34% | Add |
| 23 | WGS | GENEDX HOLDINGS CORP | 3.31M | $12.04M | 0.66% | Hold |
| 24 | AMBP | ARDAGH METAL PACKAGING S A | 864.34K | $2.71M | 0.15% | Hold |
| 25 | BOOT | BOOT BARN HLDGS INC | 14.92K | $1.21M | 0.07% | Reduce |
| 26 | META | META PLATFORMS INC. CLASS A | 2.40K | $720.50K | 0.04% | New |
| 27 | TSLA | TESLA INC | 2.85K | $713.13K | 0.04% | New |
| 28 | NVDA | NVIDIA CORPORATION | 1.62K | $706.86K | 0.04% | New |
| 29 | AAPL | APPLE INC | 3.90K | $667.72K | 0.04% | New |
| 30 | CRM | SALESFORCE INC | 3.03K | $614.83K | 0.03% | Hold |
| 31 | UNP | UNION PAC CORP | 2.00K | $407.26K | 0.02% | New |
| 32 | EQRX | EQRX INC | 105.20K | $233.54K | 0.01% | Hold |
| 33 | SLGC | SOMALOGIC INC | 40.00K | $95.60K | 0.01% | Hold |
| 34 | EGGFWS | EG ACQUISITION CORP | 200.83K | $34.30K | 0.00% | Hold |
| 35 | BOACWS | BLUESCAPE OPPORTUNITIES ACQU | 500.00K | $4.35K | 0.00% | Hold |