Corvex Management 13F holdings, Q4 2013
Holdings as of December 31, 2013 · filings on SEC EDGAR · latest filing →
Corvex Management disclosed 41 US equity positions worth $4.0bn in its Q4 2013 13F filing. The largest position was FNF at 14.7% of the reported book, followed by WMB and TMO. Against the Q3 2013 filing, it opened 13 new positions, added to 7 and reduced 12 among the top 41 holdings.
What did Corvex Management own in Q4 2013? Top 41 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2013 |
|---|---|---|---|---|---|---|---|
| 1 | FNF FIDELITY NATIONAL FINANCIAL | Financial Services | 14.7% | $593.4m | 18,285,547 | 644% | added |
| 2 | WMB WILLIAMS COS INC DEL | Energy | 13.0% | $524.7m | 13,603,266 | 0% | held |
| 3 | TMO THERMO FISHER SCIENTIFIC INC | Healthcare | 7.6% | $307.6m | 2,762,844 | 0% | held |
| 4 | LEVEL 3 COMMUNICATIONS INC | 6.5% | $262.9m | 7,924,487 | 2% | added | |
| 5 | TW TELECOM INC | 5.8% | $233.4m | 7,660,595 | -5% | reduced | |
| 6 | GM GENERAL MTRS CO | Consumer Cyclical | 5.3% | $214.2m | 5,240,000 | – | new |
| 7 | CROWN CASTLE INTL CORP | 4.9% | $200.0m | 2,723,796 | 326% | added | |
| 8 | HCA HCA HOLDINGS INC | Healthcare | 4.9% | $196.2m | 4,111,679 | 41% | added |
| 9 | CBS CORP NEW | 4.5% | $182.7m | 2,866,212 | -39% | reduced | |
| 10 | AMT AMERICAN TOWER CORP NEW | Real Estate | 4.0% | $159.6m | 2,000,000 | 0% | held |
| 11 | COMMONWEALTH REIT | 3.3% | $132.3m | 5,675,250 | 0% | held | |
| 12 | DG DOLLAR GEN CORP NEW | Consumer Defensive | 3.2% | $127.3m | 2,111,134 | -32% | reduced |
| 13 | PSX PHILLIPS 66 | Energy | 2.1% | $83.9m | 1,087,398 | -32% | reduced |
| 14 | EQT EQT CORP | Energy | 1.7% | $68.6m | 763,993 | – | new |
| 15 | SIG SIGNET JEWELERS LIMITED | Consumer Cyclical | 1.7% | $67.9m | 863,254 | – | new |
| 16 | EVTC EVERTEC INC | Technology | 1.6% | $65.4m | 2,650,200 | -14% | reduced |
| 17 | LAMAR ADVERTISING CO | 1.5% | $62.3m | 1,192,665 | 0% | held | |
| 18 | ISTAR FINL INC | 1.5% | $59.0m | 4,137,054 | 0% | held | |
| 19 | ENDO HEALTH SOLUTIONS INC | 1.4% | $55.5m | 822,559 | 0% | held | |
| 20 | STWD STARWOOD PPTY TR INC | Real Estate | 1.3% | $54.2m | 1,957,325 | 181% | added |
| 21 | SBAC SBA COMMUNICATIONS CORP | Real Estate | 1.3% | $53.9m | 600,000 | 0% | held |
| 22 | NORTHSTAR RLTY FIN CORP | 1.0% | $40.3m | 2,993,594 | – | new | |
| 23 | NATIONSTAR MTG HLDGS INC | 0.9% | $37.7m | 1,020,000 | 16% | added | |
| 24 | ACTAVIS PLC | 0.8% | $33.6m | 199,756 | – | new | |
| 25 | KBR KBR INC | Industrials | 0.7% | $28.4m | 889,004 | – | new |
| 26 | VALEANT PHARMACEUTICALS INTL | 0.7% | $27.6m | 235,500 | – | new | |
| 27 | LIN MEDIA LLC | 0.7% | $27.3m | 949,600 | 69% | added | |
| 28 | ALLERGAN INC | 0.6% | $24.9m | 224,500 | – | new | |
| 29 | LIFEPOINT HOSPITALS INC | 0.5% | $19.5m | 369,459 | – | new | |
| 30 | ADT THE ADT CORPORATION | Industrials | 0.4% | $17.5m | 433,585 | -96% | reduced |
| 31 | CNP CENTERPOINT ENERGY INC | Utilities | 0.4% | $16.2m | 700,000 | – | new |
| 32 | TIME WARNER CABLE INC | 0.3% | $13.6m | 100,000 | -46% | reduced | |
| 33 | HLF HERBALIFE LTD | Consumer Defensive | 0.3% | $12.6m | 159,517 | -62% | reduced |
| 34 | ANADARKO PETE CORP | 0.3% | $11.5m | 144,680 | -84% | reduced | |
| 35 | NXST NEXSTAR BROADCASTING GROUP I | Communication Services | 0.2% | $8.4m | 150,354 | -87% | reduced |
| 36 | VIVUS INC | 0.2% | $8.3m | 912,706 | 0% | held | |
| 37 | ARIAD PHARMACEUTICALS INC | 0.1% | $4.9m | 725,000 | – | new | |
| 38 | CROWN CASTLE INTL CORP | 0.1% | $3.5m | 35,000 | – | new | |
| 39 | CF CF INDS HLDGS INC | Basic Materials | 0.0% | $233.0k | 1,000 | -100% | reduced |
| 40 | FAMILY DLR STORES INC | 0.0% | $65.0k | 1,000 | – | new | |
| 41 | HERTZ GLOBAL HOLDINGS INC | 0.0% | $29.0k | 1,000 | -100% | reduced |
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.