Corvex Management 13F holdings, Q4 2016
Holdings as of December 31, 2016 · filings on SEC EDGAR · latest filing →
Corvex Management disclosed 35 US equity positions worth $5.1bn in its Q4 2016 13F filing. The largest position was YUM at 25.9% of the reported book, followed by WMB and YUMC. Against the Q3 2016 filing, it opened 14 new positions, added to 6 and reduced 9 among the top 35 holdings.
What did Corvex Management own in Q4 2016? Top 35 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2016 |
|---|---|---|---|---|---|---|---|
| 1 | YUM YUM BRANDS INC | Consumer Cyclical | 25.9% | $1.3bn | 21,040,195 | 0% | held |
| 2 | WMB WILLIAMS COS INC DEL | Energy | 8.5% | $439.8m | 14,123,943 | -24% | reduced |
| 3 | YUMC YUM CHINA HLDGS INC | Consumer Cyclical | 7.4% | $382.2m | 14,633,097 | – | new |
| 4 | SIG SIGNET JEWELERS LIMITED | Consumer Cyclical | 5.3% | $274.0m | 2,907,090 | -58% | reduced |
| 5 | CRM SALESFORCE COM INC | Technology | 4.6% | $236.5m | 3,453,983 | – | new |
| 6 | BALL BALL CORP | Consumer Cyclical | 4.3% | $219.9m | 2,928,628 | -8% | reduced |
| 7 | BAC BANK AMER CORP | Financial Services | 4.1% | $209.2m | 9,467,000 | 299% | added |
| 8 | TMUS T MOBILE US | Communication Services | 3.5% | $180.4m | 3,137,261 | 263% | added |
| 9 | FNF FIDELITY NATIONAL FINANCIAL | Financial Services | 3.2% | $167.0m | 4,917,525 | -54% | reduced |
| 10 | NOMD NOMAD HLDGS LTD | Consumer Defensive | 3.2% | $166.8m | 17,430,522 | 13% | added |
| 11 | PLATFORM SPECIALTY PRODS COR | 3.2% | $163.8m | 16,699,625 | -11% | reduced | |
| 12 | JPM JPMORGAN CHASE & CO | Financial Services | 3.0% | $153.8m | 1,782,084 | 87% | added |
| 13 | PANDORA MEDIA INC | 3.0% | $151.9m | 11,648,142 | 2% | added | |
| 14 | GOOGL ALPHABET INC | Communication Services | 2.7% | $137.5m | 173,500 | – | new |
| 15 | VISN COMMSCOPE HLDG CO INC | Technology | 2.4% | $125.3m | 3,368,392 | -40% | reduced |
| 16 | MEDICINES CO | 2.1% | $109.7m | 3,232,260 | 5% | added | |
| 17 | BIO BIO RAD LABS INC | Healthcare | 1.7% | $88.8m | 487,254 | 0% | held |
| 18 | MO ALTRIA GROUP INC | Consumer Defensive | 1.3% | $66.2m | 979,019 | – | new |
| 19 | LEVEL 3 COMMUNICATIONS INC | 1.2% | $64.2m | 1,139,589 | – | new | |
| 20 | ENVISION HEALTHCARE CORP | 1.1% | $58.0m | 916,315 | – | new | |
| 21 | TIME WARNER INC | 1.0% | $53.7m | 556,096 | – | new | |
| 22 | PAREXEL INTL CORP | 1.0% | $53.6m | 815,740 | – | new | |
| 23 | ZAYO GROUP HLDGS INC | 1.0% | $53.5m | 1,628,775 | 0% | held | |
| 24 | JCI JOHNSON CTLS INTL PLC | Industrials | 0.9% | $48.2m | 1,169,402 | -61% | reduced |
| 25 | BNY BANK NEW YORK MELLON CORP | Financial Services | 0.9% | $47.7m | 1,007,136 | – | new |
| 26 | MPC MARATHON PETE CORP | Energy | 0.6% | $29.1m | 577,000 | -18% | reduced |
| 27 | AMT TD AMERITRADE HLDG CORP | Real Estate | 0.5% | $26.7m | 613,369 | – | new |
| 28 | ETRA E TRADE FINANCIAL CORP | 0.5% | $26.3m | 759,689 | – | new | |
| 29 | HUM HUMANA INC | Healthcare | 0.4% | $22.0m | 107,925 | – | new |
| 30 | PANDORA MEDIA INC | 0.3% | $15.4m | 15,000,000 | – | new | |
| 31 | LANDCADIA HLDGS INC | 0.2% | $12.7m | 1,225,000 | 0% | held | |
| 32 | CF CORP | 0.2% | $10.5m | 1,000,000 | 0% | held | |
| 33 | TEAM HEALTH HOLDINGS INC | 0.2% | $8.3m | 190,398 | -94% | reduced | |
| 34 | MEDICINES CO | 0.1% | $6.0m | 5,000,000 | 0% | held | |
| 35 | HD SUPPLY HLDGS INC | 0.1% | $3.6m | 84,010 | – | 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.