Corvex Management Portfolio
Corvex Management 13F filer (CIK 0001535472).
Q4 2023 · 30 positions · Total reported value $1.86B · Top-10 concentration 76.6%
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 Q4 2023 13F filing, Corvex Management disclosed 30 equity positions with a combined reported value of $1.86B. The filing implies a focused portfolio: its ten largest positions account for 76.6% of reported value. HoldingsHub classifies the profile as Mid / Focused / High Turnover.
The largest disclosed positions as of Q4 2023 were SWX ($302.12M), MGM ($287.01M), MDU ($200.91M). By sector, the heaviest allocations are Consumer Discretionary 27.3%, Industrials 20.0%. Versus the prior quarter, allocation shifted toward Health Care (+7.0pp), Utilities (+1.8pp) and away from Industrials (-1.9pp), Consumer Discretionary (-3.0pp).
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 71% 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 | SWX | SOUTHWEST GAS HLDGS INC | 4.77M | $302.12M | 16.21% | Add |
| 2 | MGM | MGM RESORTS INTERNATIONAL | 6.42M | $287.01M | 15.40% | Hold |
| 3 | MDU | MDU RES GROUP INC | 10.15M | $200.91M | 10.78% | Hold |
| 4 | ILMN | ILLUMINA INC | 980.08K | $136.47M | 7.32% | New |
| 5 | FMX | FOMENTO ECONOMICO MEXICANO S | 772.09K | $100.64M | 5.40% | Reduce |
| 6 | KNF | KNIFE RIVER CORPORATION | 1.32M | $87.17M | 4.68% | Reduce |
| 7 | UBER | UBER TECHNOLOGIES INC | 1.40M | $86.28M | 4.63% | Reduce |
| 8 | CSX | CSX CORP | 2.37M | $82.04M | 4.40% | Hold |
| 9 | AMZN | AMAZON COM INC | 517.63K | $78.65M | 4.22% | Add |
| 10 | IAC | IAC INC | 1.27M | $66.34M | 3.56% | Hold |
| 11 | MSFT | MICROSOFT CORP | 173.66K | $65.30M | 3.50% | Hold |
| 12 | KOF | COCA-COLA FEMSA SAB DE CV | 659.92K | $62.46M | 3.35% | Add |
| 13 | KKR | KKR & CO INC | 749.58K | $62.10M | 3.33% | Hold |
| 14 | LLYVA | LIBERTY LIVE HOLDINGS INC | 1.56M | $56.96M | 3.06% | Hold |
| 15 | ADBE | ADOBE INC | 91.76K | $54.74M | 2.94% | Hold |
| 16 | CCEP | COCA-COLA EUROPACIFIC PARTNE | 799.33K | $53.35M | 2.86% | Hold |
| 17 | GOOGL | ALPHABET INC | 187.18K | $26.15M | 1.40% | Hold |
| 18 | EDR | ENDEAVOR GROUP HLDGS INC | 851.57K | $20.21M | 1.08% | Reduce |
| 19 | LSXMA | LIBERTY MEDIA CORP DEL | 369.46K | $10.62M | 0.57% | Reduce |
| 20 | WGS | GENEDX HOLDINGS CORP | 2.47M | $6.80M | 0.36% | Reduce |
| 21 | AQN | ALGONQUIN POWER & UTILITIES | 1.01M | $6.40M | 0.34% | Reduce |
| 22 | LSXMK | LIBERTY MEDIA CORP DEL | 192.26K | $5.53M | 0.30% | Reduce |
| 23 | AMBP | ARDAGH METAL PACKAGING S A | 398.83K | $1.53M | 0.08% | Reduce |
| 24 | META | META PLATFORMS INC. CLASS A | 2.40K | $849.50K | 0.05% | Hold |
| 25 | NVDA | NVIDIA CORPORATION | 1.62K | $804.73K | 0.04% | Hold |
| 26 | CRM | SALESFORCE INC | 3.03K | $797.84K | 0.04% | Hold |
| 27 | TSLA | TESLA INC | 2.85K | $708.17K | 0.04% | Hold |
| 28 | RVMD | REVOLUTION MEDICINES INC | 11.70K | $335.50K | 0.02% | New |
| 29 | SLGC | SOMALOGIC INC | 40.00K | $101.20K | 0.01% | Hold |
| 30 | FLYXWS | FLYEXCLUSIVE INC | 200.83K | $44.18K | 0.00% | New |