Corvex Management 13F holdings, Q3 2012
Holdings as of September 30, 2012 · filings on SEC EDGAR · latest filing →
Corvex Management disclosed 39 US equity positions worth $1.9bn in its Q3 2012 13F filing. The largest position was IWM at 25.7% of the reported book, followed by RALCORP HLDGS INC NEW and CORRECTIONS CORP AMER NEW. Against the Q2 2012 filing, it opened 22 new positions, added to 5 and reduced 11 among the top 39 holdings.
What did Corvex Management own in Q3 2012? Top 39 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2012 |
|---|---|---|---|---|---|---|---|
| 1 | IWM ISHARES TR RUSSELL 2000 | 25.7% | $479.9m | 5,750,000 | 44% | added | |
| 2 | RALCORP HLDGS INC NEW | 11.4% | $212.8m | 2,914,996 | 380% | added | |
| 3 | CORRECTIONS CORP AMER NEW | 8.4% | $157.7m | 4,714,258 | -5% | reduced | |
| 4 | TYCO INTERNATIONAL LTD | 7.5% | $140.0m | 2,488,044 | -5% | reduced | |
| 5 | ANADARKO PETE CORP | 6.6% | $123.1m | 1,760,750 | 151% | added | |
| 6 | EXPRESS SCRIPTS HLDG CO | 4.7% | $87.6m | 1,398,000 | -39% | reduced | |
| 7 | BMC SOFTWARE INC | 3.9% | $73.1m | 1,762,387 | -3% | reduced | |
| 8 | HES HESS CORP | 3.3% | $61.8m | 1,150,000 | -19% | reduced | |
| 9 | GPN GLOBAL PMTS INC | Industrials | 2.5% | $47.0m | 1,123,417 | – | new |
| 10 | AIG AMERICAN INTL GROUP INC | Financial Services | 2.2% | $41.8m | 1,275,000 | – | new |
| 11 | SBAC SBA COMMUNICATIONS CORP | Real Estate | 2.2% | $41.3m | 656,848 | -43% | reduced |
| 12 | WMB WILLIAMS COS INC DEL | Energy | 2.1% | $39.7m | 1,136,075 | – | new |
| 13 | LAMAR ADVERTISING CO | 2.0% | $38.2m | 1,030,000 | – | new | |
| 14 | VRSN VERISIGN INC | Technology | 2.0% | $37.0m | 759,071 | -60% | reduced |
| 15 | JPM JPMORGAN CHASE & CO | Financial Services | 1.8% | $34.4m | 850,000 | – | new |
| 16 | GAYLORD ENTMT CO NEW | 1.6% | $29.6m | 749,124 | 649% | added | |
| 17 | ARMOUR RESIDENTIAL REIT INC | 1.5% | $27.1m | 3,534,800 | 44% | added | |
| 18 | CNC CENTENE CORP DEL | Healthcare | 1.3% | $24.8m | 661,707 | – | new |
| 19 | DIRECTV | 1.2% | $23.1m | 440,907 | – | new | |
| 20 | CYS INVTS INC | 0.7% | $13.4m | 950,000 | – | new | |
| 21 | HARRY WINSTON DIAMOND CORP | 0.7% | $13.0m | 1,100,000 | 0% | held | |
| 22 | INTEROIL CORP | 0.6% | $11.6m | 150,000 | – | new | |
| 23 | SENSATA TECHNOLOGIES HLDG BV | 0.6% | $11.3m | 380,749 | -53% | reduced | |
| 24 | MOLINA HEALTHCARE INC | 0.5% | $9.5m | 8,500,000 | – | new | |
| 25 | CHESAPEAKE ENERGY CORP | 0.5% | $9.4m | 500,000 | -52% | reduced | |
| 26 | AMT AMERICAN TOWER CORP NEW | Real Estate | 0.5% | $8.8m | 123,115 | -58% | reduced |
| 27 | WESTERN ASSET MTG CAP CORP | 0.4% | $7.8m | 350,000 | – | new | |
| 28 | NWL NEWELL RUBBERMAID INC | Consumer Defensive | 0.4% | $7.6m | 400,000 | – | new |
| 29 | HERTZ GLOBAL HOLDINGS INC | 0.4% | $7.6m | 550,000 | – | new | |
| 30 | ANCESTRY | 0.4% | $7.5m | 250,000 | – | new | |
| 31 | DUN & BRADSTREET CORP DEL NE | 0.4% | $7.2m | 90,000 | – | new | |
| 32 | DOLLAR THRIFTY AUTOMOTIVE GP | 0.3% | $6.5m | 75,000 | – | new | |
| 33 | LONE PINE RES INC | 0.3% | $5.9m | 3,797,100 | – | new | |
| 34 | NEXEN INC | 0.3% | $5.1m | 200,000 | – | new | |
| 35 | SEMGROUP CORP | 0.2% | $4.2m | 113,317 | – | new | |
| 36 | TW TELECOM INC | 0.2% | $3.2m | 123,300 | – | new | |
| 37 | YAHOO INC | 0.2% | $2.9m | 182,000 | -95% | reduced | |
| 38 | GENERAL GROWTH PPTYS INC NEW | 0.1% | $1.9m | 100,000 | – | new | |
| 39 | PLAINS EXPL& PRODTN CO | 0.1% | $1.9m | 50,000 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.