Corvex Management 13F holdings, Q1 2014
Holdings as of March 31, 2014 · filings on SEC EDGAR · latest filing →
Corvex Management disclosed 45 US equity positions worth $6.4bn in its Q1 2014 13F filing. The largest position was WMB at 26.4% of the reported book, followed by SIG and FNF. Against the Q4 2013 filing, it opened 15 new positions, added to 11 and reduced 9 among the top 45 holdings.
What did Corvex Management own in Q1 2014? Top 45 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2013 |
|---|---|---|---|---|---|---|---|
| 1 | WMB WILLIAMS COS INC DEL | Energy | 26.4% | $1.7bn | 41,682,960 | 206% | added |
| 2 | SIG SIGNET JEWELERS LIMITED | Consumer Cyclical | 9.1% | $581.2m | 5,490,633 | 536% | added |
| 3 | FNF FIDELITY NATIONAL FINANCIAL | Financial Services | 9.0% | $574.9m | 18,285,547 | 0% | held |
| 4 | TMO THERMO FISHER SCIENTIFIC INC | Healthcare | 4.6% | $293.4m | 2,439,794 | -12% | reduced |
| 5 | CROWN CASTLE INTL CORP | 4.1% | $259.4m | 3,515,796 | 29% | added | |
| 6 | DG DOLLAR GEN CORP NEW | Consumer Defensive | 3.8% | $241.9m | 4,359,956 | 107% | added |
| 7 | TW TELECOM INC | 3.7% | $239.5m | 7,660,595 | 0% | held | |
| 8 | HCA HCA HOLDINGS INC | Healthcare | 3.4% | $215.9m | 4,111,679 | 0% | held |
| 9 | LEVEL 3 COMMUNICATIONS INC | 3.3% | $212.9m | 5,439,000 | -31% | reduced | |
| 10 | CBS CORP NEW | 3.1% | $198.1m | 3,205,792 | 12% | added | |
| 11 | AMT AMERICAN TOWER CORP NEW | Real Estate | 2.7% | $171.9m | 2,100,000 | 5% | added |
| 12 | ACTAVIS PLC | 2.4% | $151.6m | 736,613 | 269% | added | |
| 13 | COMMONWEALTH REIT | 2.3% | $149.3m | 5,675,250 | 0% | held | |
| 14 | ANADARKO PETE CORP | 2.1% | $135.8m | 1,601,580 | 1007% | added | |
| 15 | DHR DANAHER CORP DEL | Healthcare | 2.0% | $126.2m | 1,682,312 | – | new |
| 16 | TIME WARNER INC | 1.7% | $105.8m | 1,620,000 | – | new | |
| 17 | VIAB VIACOM INC NEW | 1.6% | $105.4m | 1,240,008 | – | new | |
| 18 | IAC INTERACTIVECORP | 1.1% | $70.3m | 985,100 | – | new | |
| 19 | EMN EASTMAN CHEM CO | Basic Materials | 1.1% | $68.9m | 798,684 | – | new |
| 20 | EVTC EVERTEC INC | Technology | 1.0% | $65.5m | 2,650,200 | 0% | held |
| 21 | LAMAR ADVERTISING CO | 1.0% | $64.8m | 1,270,362 | 7% | added | |
| 22 | VYX NCR CORP NEW | Technology | 1.0% | $64.7m | 1,769,796 | – | new |
| 23 | SBAC SBA COMMUNICATIONS CORP | Real Estate | 1.0% | $63.7m | 700,000 | 17% | added |
| 24 | PEP PEPSICO INC | Consumer Defensive | 1.0% | $62.4m | 747,600 | – | new |
| 25 | EQT EQT CORP | Energy | 0.9% | $54.7m | 563,993 | -26% | reduced |
| 26 | MONSANTO CO NEW | 0.8% | $51.2m | 449,744 | – | new | |
| 27 | BUD ANHEUSER BUSCH INBEV SA/NV | Consumer Defensive | 0.7% | $47.5m | 451,203 | – | new |
| 28 | MADISON SQUARE GARDEN CO | 0.7% | $45.7m | 804,814 | – | new | |
| 29 | ISTAR FINL INC | 0.7% | $43.3m | 2,933,406 | -29% | reduced | |
| 30 | PLATFORM SPECIALTY PRODS COR | 0.6% | $39.0m | 2,045,645 | – | new | |
| 31 | ZALE CORP NEW | 0.5% | $32.9m | 1,573,594 | – | new | |
| 32 | ENDO INTL PLC | 0.5% | $32.4m | 472,559 | – | new | |
| 33 | MYLAN INC | 0.5% | $32.2m | 659,500 | – | new | |
| 34 | WALGREEN CO | 0.5% | $29.4m | 446,000 | – | new | |
| 35 | CNP CENTERPOINT ENERGY INC | Utilities | 0.4% | $23.5m | 992,570 | 42% | added |
| 36 | PSX PHILLIPS 66 | Energy | 0.2% | $15.4m | 199,998 | -82% | reduced |
| 37 | TIME WARNER CABLE INC | 0.2% | $13.7m | 100,000 | 0% | held | |
| 38 | LIFEPOINT HOSPITALS INC | 0.1% | $8.4m | 154,759 | -58% | reduced | |
| 39 | VIVUS INC | 0.1% | $5.4m | 912,706 | 0% | held | |
| 40 | CROWN CASTLE INTL CORP | 0.1% | $3.5m | 35,000 | 0% | held | |
| 41 | NATIONSTAR MTG HLDGS INC | 0.1% | $3.5m | 108,468 | -89% | reduced | |
| 42 | ARIAD PHARMACEUTICALS INC | 0.0% | $806.0k | 100,000 | -86% | reduced | |
| 43 | CF CF INDS HLDGS INC | Basic Materials | 0.0% | $261.0k | 1,000 | 0% | held |
| 44 | ALLERGAN INC | 0.0% | $124.0k | 1,000 | -100% | reduced | |
| 45 | FAMILY DLR STORES INC | 0.0% | $58.0k | 1,000 | 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.