Latest Corvex Management LP Stock Portfolio
Corvex Management LP Performance:
2024 Q3: 3.7%YTD: 12.73%2023: 6.85%
Performance for 2024 Q3 is 3.7%, and YTD is 12.73%, and 2023 is 6.85%.
About Corvex Management LP and 13F Hedge Fund Stock Holdings
In it's latest 13F Holdings report, Corvex Management LP reported an equity portfolio of $2.6 Billions as of 30 Sep, 2024.
The top stock holdings of Corvex Management LP are SWX, ILMN, MDU. The fund has invested 13.7% of it's portfolio in SOUTHWEST GAS HLDGS INC and 11.6% of portfolio in ILLUMINA INC.
The fund managers got completely rid off CAE INC (CAE), LIBERTY MEDIA CORP DEL (BATRA) and GRAIL INC stocks. They significantly reduced their stock positions in MGM RESORTS INTERNATIONAL (MGM) and ILLUMINA INC (ILMN). Corvex Management LP opened new stock positions in DOLLAR TREE INC (DLTR), FORTREA HLDGS INC and AIR PRODS & CHEMS INC (APD). The fund showed a lot of confidence in some stocks as they added substantially to ALGONQUIN PWR UTILS CORP, ALPHABET INC (GOOG) and IAC INC (IAC).
The top stock holdings of Corvex Management LP are SWX, ILMN, MDU. The fund has invested 13.7% of it's portfolio in SOUTHWEST GAS HLDGS INC and 11.6% of portfolio in ILLUMINA INC.
The fund managers got completely rid off CAE INC (CAE), LIBERTY MEDIA CORP DEL (BATRA) and GRAIL INC stocks. They significantly reduced their stock positions in MGM RESORTS INTERNATIONAL (MGM) and ILLUMINA INC (ILMN). Corvex Management LP opened new stock positions in DOLLAR TREE INC (DLTR), FORTREA HLDGS INC and AIR PRODS & CHEMS INC (APD). The fund showed a lot of confidence in some stocks as they added substantially to ALGONQUIN PWR UTILS CORP, ALPHABET INC (GOOG) and IAC INC (IAC).
Corvex Management LP Annual Return Estimates Vs S&P 500
Our best estimate is that Corvex Management LP made a return of 3.7% in the last quarter. In trailing 12 months, it's portfolio return was 22.71%.
New Buys
| Ticker | $ Bought |
|---|---|
| dollar tree inc | 79,530,100 |
| fortrea hldgs inc | 44,414,800 |
| air prods & chems inc | 2,590,340 |
New stocks bought by Corvex Management LP
Additions
| Ticker | % Inc. |
|---|---|
| algonquin pwr utils corp | 200 |
| alphabet inc | 25.33 |
| iac inc | 17.61 |
| norfolk southn corp | 12.71 |
Additions to existing portfolio by Corvex Management LP
Reductions
| Ticker | % Reduced |
|---|---|
| mgm resorts international | -2.07 |
| illumina inc | -0.38 |
Corvex Management LP reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| cae inc | -19,277,700 |
| grail inc | -5,815,670 |
| liberty media corp del | -8,183,540 |
| liberty media corp del | -4,260,440 |
| revolution medicines inc | -453,999 |
Corvex Management LP got rid off the above stocks
Sector Distribution
Corvex Management LP has about 23.9% of it's holdings in Others sector.
| Sector | % |
|---|---|
| Others | 23.9 |
| Industrials | 16.9 |
| Utilities | 14.4 |
| Consumer Cyclical | 13.2 |
| Healthcare | 12.2 |
| Communication Services | 7.7 |
| 4.3 | |
| Consumer Defensive | 3.3 |
| Technology | 3.2 |
Market Cap. Distribution
Corvex Management LP has about 41.5% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| MID-CAP | 30.3 |
| LARGE-CAP | 29.9 |
| UNALLOCATED | 23.9 |
| MEGA-CAP | 11.6 |
| SMALL-CAP | 4.3 |
Stocks belong to which Index?
About 60.1% of the stocks held by Corvex Management LP either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| S&P 500 | 40.6 |
| Others | 39.9 |
| RUSSELL 2000 | 19.5 |
Corvex Management LP Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Corvex Management LP
Corvex Management LP has 30 stocks in it's portfolio. About 72.8% of the portfolio is in top 10 stocks. MGM proved to be the most loss making stock for the portfolio. ILMN was the most profitable stock for Corvex Management LP last quarter.
Last Reported on: 14 Nov, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AMZN | amazon com inc | 3.75 | 517,629 | 96,449,800 | unchanged | 0.00 | ||
| APD | air prods & chems inc | 0.10 | 8,700 | 2,590,340 | new | |||
| BATRA | liberty media corp del | 3.00 | 1,558,330 | 77,153,000 | unchanged | 0.00 | ||
| BATRA | liberty media corp del | 1.84 | 925,378 | 47,499,700 | unchanged | 0.00 | ||
| BATRA | liberty media corp del | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BATRA | liberty media corp del | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CAE | cae inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CRM | salesforce inc | 0.03 | 3,032 | 829,889 | unchanged | 0.00 | ||
| CSX | csx corp | 1.39 | 1,037,270 | 35,816,900 | unchanged | 0.00 | ||
| DLTR | dollar tree inc | 3.09 | 1,130,970 | 79,530,100 | new | |||
| FMX | fomento economico mexicano s | 1.55 | 405,150 | 39,992,400 | unchanged | 0.00 | ||
| GOOG | alphabet inc | 4.14 | 643,209 | 106,676,000 | added | 25.33 | ||
| HXL | hexcel corp new | 1.17 | 487,213 | 30,124,400 | unchanged | 0.00 | ||
| IAC | iac inc | 3.11 | 1,489,500 | 80,164,600 | added | 17.61 | ||
| ILMN | illumina inc | 11.55 | 2,280,800 | 297,439,000 | reduced | -0.38 | ||
| KOF | coca-cola femsa sab de cv | 1.54 | 446,177 | 39,584,800 | unchanged | 0.00 | ||
| LAB | standard biotools inc | 0.00 | 44,400 | 85,692 | unchanged | 0.00 | ||
| LNG | cheniere energy inc | 0.89 | 128,000 | 23,019,500 | unchanged | 0.00 | ||
| MDU | mdu res group inc | 10.80 | 10,147,000 | 278,130,000 | unchanged | 0.00 | ||
| META | meta platforms inc | 0.05 | 2,400 | 1,373,860 | unchanged | 0.00 | ||