Corvex Management 13F holdings, Q4 2012
Holdings as of December 31, 2012 · filings on SEC EDGAR · latest filing →
Corvex Management disclosed 40 US equity positions worth $1.9bn in its Q4 2012 13F filing. The largest position was ADT at 27.1% of the reported book, followed by WMB and CBS CORP NEW. Against the Q3 2012 filing, it opened 18 new positions, added to 5 and reduced 13 among the top 40 holdings.
What did Corvex Management own in Q4 2012? Top 40 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2012 |
|---|---|---|---|---|---|---|---|
| 1 | ADT THE ADT CORPORATION | Industrials | 27.1% | $519.1m | 11,166,021 | – | new |
| 2 | WMB WILLIAMS COS INC DEL | Energy | 6.1% | $116.6m | 3,561,475 | 213% | added |
| 3 | CBS CORP NEW | 6.1% | $116.1m | 3,051,200 | – | new | |
| 4 | ANADARKO PETE CORP | 5.6% | $106.3m | 1,429,902 | -19% | reduced | |
| 5 | CORRECTIONS CORP AMER NEW | 5.3% | $102.2m | 2,882,308 | -39% | reduced | |
| 6 | JPM JPMORGAN CHASE & CO | Financial Services | 4.5% | $86.4m | 1,965,300 | 131% | added |
| 7 | FCX & GO | Basic Materials | 3.3% | $62.4m | 1,825,000 | – | new |
| 8 | NATIONAL OILWELL VARCO INC | 3.2% | $61.5m | 900,000 | – | new | |
| 9 | EXPRESS SCRIPTS HLDG CO | 3.0% | $56.6m | 1,048,000 | -25% | reduced | |
| 10 | AIG AMERICAN INTL GROUP INC | Financial Services | 2.9% | $55.4m | 1,570,000 | 23% | added |
| 11 | AAPL APPLE INC | Technology | 2.8% | $53.3m | 100,000 | – | new |
| 12 | TW TELECOM INC | 2.7% | $52.4m | 2,057,024 | 1568% | added | |
| 13 | RALCORP HLDGS INC NEW | 2.5% | $47.1m | 525,000 | -82% | reduced | |
| 14 | LEVEL 3 COMMUNICATIONS INC | 2.4% | $46.2m | 1,998,572 | – | new | |
| 15 | NE | 2.0% | $37.6m | 1,185,700 | – | new | |
| 16 | LEA LEAR CORP | Consumer Cyclical | 1.6% | $30.7m | 655,000 | – | new |
| 17 | TYCO INTERNATIONAL LTD | 1.6% | $30.4m | 1,038,044 | -58% | reduced | |
| 18 | SBAC SBA COMMUNICATIONS CORP | Real Estate | 1.5% | $28.9m | 406,848 | -38% | reduced |
| 19 | ROCKWOOD HLDGS INC | 1.4% | $27.2m | 550,000 | – | new | |
| 20 | LAMAR ADVERTISING CO | 1.3% | $25.3m | 653,400 | -37% | reduced | |
| 21 | XLF SELECT SECTOR SPDR TR SBI INT-FINL | 1.3% | $24.6m | 1,500,000 | – | new | |
| 22 | AAP ADVANCE AUTO PARTS INC | Consumer Cyclical | 1.2% | $23.5m | 325,000 | – | new |
| 23 | HES HESS CORP | 1.1% | $21.2m | 400,000 | -65% | reduced | |
| 24 | CNC CENTENE CORP DEL | Healthcare | 1.0% | $19.4m | 473,766 | -28% | reduced |
| 25 | VRSN VERISIGN INC | Technology | 1.0% | $19.4m | 500,000 | -34% | reduced |
| 26 | DIRECTV | 1.0% | $18.4m | 365,907 | -17% | reduced | |
| 27 | PSX PHILLIPS 66 | Energy | 0.9% | $17.1m | 321,531 | – | new |
| 28 | RHP RYMAN HOSPITALITY PPTYS INC | Real Estate | 0.8% | $15.9m | 413,000 | – | new |
| 29 | HARRY WINSTON DIAMOND CORP | 0.6% | $11.3m | 800,000 | -27% | reduced | |
| 30 | GPN GLOBAL PMTS INC | Industrials | 0.6% | $10.7m | 236,322 | -79% | reduced |
| 31 | MOLINA HEALTHCARE INC | 0.5% | $9.9m | 8,500,000 | 0% | held | |
| 32 | HEALTH MGMT ASSOC INC NEW | 0.5% | $9.6m | 1,027,614 | – | new | |
| 33 | NWL NEWELL RUBBERMAID INC | Consumer Defensive | 0.5% | $8.9m | 400,000 | 0% | held |
| 34 | CHESAPEAKE ENERGY CORP | 0.4% | $8.3m | 500,000 | 0% | held | |
| 35 | QEP QEP RES INC | 0.4% | $7.6m | 250,000 | – | new | |
| 36 | FIFTH & PAC COS INC | 0.3% | $6.2m | 500,000 | – | new | |
| 37 | LIBERTY MEDIA CORPORATION LIB CAP | 0.3% | $5.8m | 50,000 | – | new | |
| 38 | LONE PINE RES INC | 0.3% | $4.8m | 3,897,100 | 3% | added | |
| 39 | SEMGROUP CORP | 0.2% | $4.4m | 113,317 | 0% | held | |
| 40 | A AGILENT TECHNOLOGIES INC | Healthcare | 0.2% | $4.1m | 100,000 | – | 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.