Corvex Management 13F holdings, Q1 2013
Holdings as of March 31, 2013 · filings on SEC EDGAR · latest filing →
Corvex Management disclosed 36 US equity positions worth $2.6bn in its Q1 2013 13F filing. The largest position was ADT at 20.7% of the reported book, followed by IWM and ANADARKO PETE CORP. Against the Q4 2012 filing, it opened 16 new positions, added to 9 and reduced 5 among the top 36 holdings.
What did Corvex Management own in Q1 2013? Top 36 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2012 |
|---|---|---|---|---|---|---|---|
| 1 | ADT THE ADT CORPORATION | Industrials | 20.7% | $546.5m | 11,166,021 | 0% | held |
| 2 | IWM ISHARES TR RUSSELL 2000 | 12.0% | $315.8m | 3,350,000 | – | new | |
| 3 | ANADARKO PETE CORP | 10.5% | $275.9m | 3,155,200 | 121% | added | |
| 4 | WMB WILLIAMS COS INC DEL | Energy | 8.3% | $218.5m | 5,832,466 | 64% | added |
| 5 | CBS CORP NEW | 6.5% | $172.8m | 3,701,200 | 21% | added | |
| 6 | COMMONWEALTH REIT | 4.6% | $121.7m | 5,425,250 | – | new | |
| 7 | LEA LEAR CORP | Consumer Cyclical | 3.8% | $101.1m | 1,842,405 | 181% | added |
| 8 | PSX PHILLIPS 66 | Energy | 3.0% | $80.5m | 1,150,495 | 258% | added |
| 9 | FIFTH & PAC COS INC | 2.5% | $65.7m | 3,481,694 | 596% | added | |
| 10 | LEVEL 3 COMMUNICATIONS INC | 2.3% | $60.9m | 3,002,787 | 50% | added | |
| 11 | FCX FREEPORT-MCMORAN COPPER & GO | Basic Materials | 2.3% | $60.4m | 1,825,000 | 0% | held |
| 12 | TW TELECOM INC | 2.2% | $57.8m | 2,294,924 | 12% | added | |
| 13 | OXY OCCIDENTAL PETE CORP DEL | Energy | 1.8% | $47.0m | 600,000 | – | new |
| 14 | JPM JPMORGAN CHASE & CO | Financial Services | 1.7% | $43.8m | 922,600 | -53% | reduced |
| 15 | COCA COLA ENTERPRISES INC NE | 1.7% | $43.8m | 1,185,700 | 0% | held | |
| 16 | VODAFONE GROUP PLC NEW SPONS | 1.6% | $42.5m | 1,495,000 | – | new | |
| 17 | HCA HCA HOLDINGS INC | Healthcare | 1.5% | $38.5m | 946,852 | – | new |
| 18 | TYCO INTERNATIONAL LTD | 1.4% | $36.4m | 1,138,044 | 10% | added | |
| 19 | NEWS CORP | 1.3% | $35.4m | 1,160,000 | – | new | |
| 20 | STARWOOD HOTELS&RESORTS WRLD | 1.2% | $31.9m | 500,000 | – | new | |
| 21 | ASH ASHLAND INC NEW | Basic Materials | 1.2% | $31.5m | 423,400 | – | new |
| 22 | HUN HUNTSMAN CORP | Basic Materials | 1.0% | $27.3m | 1,466,322 | – | new |
| 23 | LAMAR ADVERTISING CO | 0.9% | $23.4m | 481,728 | -26% | reduced | |
| 24 | EQIX EQUINIX INC | 0.9% | $23.4m | 108,000 | – | new | |
| 25 | THC TENET HEALTHCARE CORP | Healthcare | 0.8% | $21.1m | 442,948 | – | new |
| 26 | MCGRAW HILL COS INC | 0.7% | $18.2m | 350,000 | – | new | |
| 27 | AAPL APPLE INC | Technology | 0.6% | $16.8m | 38,000 | -62% | reduced |
| 28 | RIG TRANSOCEAN LTD REG | Energy | 0.6% | $15.6m | 300,000 | – | new |
| 29 | NATIONAL OILWELL VARCO INC | 0.5% | $14.2m | 200,000 | -78% | reduced | |
| 30 | CHESAPEAKE ENERGY CORP | 0.4% | $10.2m | 500,000 | 0% | held | |
| 31 | MOLINA HEALTHCARE INC | 0.4% | $10.0m | 8,500,000 | 0% | held | |
| 32 | CORRECTIONS CORP AMER NEW | 0.3% | $8.0m | 204,958 | -93% | reduced | |
| 33 | LIBERTY INTERACTIVE CORP INT | 0.3% | $6.9m | 325,000 | – | new | |
| 34 | NUANCE COMMUNICATIONS INC | 0.2% | $6.1m | 300,000 | – | new | |
| 35 | ISTAR FINL INC | 0.2% | $5.2m | 478,618 | – | new | |
| 36 | LONE PINE RES INC | 0.2% | $4.7m | 3,897,100 | 0% | held |
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.