Corvex Management 13F holdings, Q1 2017
Holdings as of March 31, 2017 · filings on SEC EDGAR · latest filing →
Corvex Management disclosed 31 US equity positions worth $3.4bn in its Q1 2017 13F filing. The largest position was YUM at 15.0% of the reported book, followed by YUMC and PANDORA MEDIA INC. Against the Q4 2016 filing, it opened 10 new positions, added to 6 and reduced 8 among the top 31 holdings.
What did Corvex Management own in Q1 2017? Top 31 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2016 |
|---|---|---|---|---|---|---|---|
| 1 | YUM YUM BRANDS INC | Consumer Cyclical | 15.0% | $508.0m | 7,950,654 | -62% | reduced |
| 2 | YUMC YUM CHINA HLDGS INC | Consumer Cyclical | 8.3% | $281.6m | 10,352,967 | -29% | reduced |
| 3 | PANDORA MEDIA INC | 7.2% | $245.2m | 20,762,824 | 78% | added | |
| 4 | NOMD NOMAD HLDGS LTD | Consumer Defensive | 5.9% | $199.6m | 17,430,522 | 0% | held |
| 5 | BALL BALL CORP | Consumer Cyclical | 5.5% | $185.2m | 2,493,884 | -15% | reduced |
| 6 | BIO BIO RAD LABS INC | Healthcare | 5.0% | $168.9m | 847,141 | 74% | added |
| 7 | MEDICINES CO | 4.7% | $159.0m | 3,252,260 | 1% | added | |
| 8 | GOOGL ALPHABET INC | Communication Services | 4.3% | $147.1m | 173,500 | 0% | held |
| 9 | PLATFORM SPECIALTY PRODS COR | 4.1% | $138.4m | 10,629,630 | -36% | reduced | |
| 10 | SIG SIGNET JEWELERS LIMITED | Consumer Cyclical | 3.7% | $124.6m | 1,798,558 | -38% | reduced |
| 11 | META FACEBOOK INC | Communication Services | 3.6% | $120.7m | 850,000 | – | new |
| 12 | BAC BANK AMER CORP | Financial Services | 3.2% | $108.1m | 4,582,000 | -52% | reduced |
| 13 | CRM SALESFORCE COM INC | Technology | 3.1% | $106.8m | 1,294,900 | -63% | reduced |
| 14 | PXGBX PRAXAIR INC | 3.1% | $105.1m | 886,015 | – | new | |
| 15 | CL COLGATE PALMOLIVE CO | Consumer Defensive | 3.1% | $104.2m | 1,423,798 | – | new |
| 16 | HUM HUMANA INC | Healthcare | 2.7% | $90.0m | 436,769 | 305% | added |
| 17 | ZAYO GROUP HLDGS INC | 2.2% | $75.8m | 2,303,070 | 41% | added | |
| 18 | ENERGEN CORP | 2.2% | $73.3m | 1,345,922 | – | new | |
| 19 | ETRA E TRADE FINANCIAL CORP | 1.8% | $60.3m | 1,728,520 | 128% | added | |
| 20 | PLAINS GP HLDGS L P | 1.7% | $59.2m | 1,892,494 | – | new | |
| 21 | JACK JACK IN THE BOX INC | Consumer Cyclical | 1.7% | $57.3m | 562,972 | – | new |
| 22 | ENVISION HEALTHCARE CORP | 1.7% | $56.2m | 916,315 | 0% | held | |
| 23 | RF REGIONS FINL CORP NEW | Financial Services | 1.5% | $52.4m | 3,608,066 | – | new |
| 24 | PAREXEL INTL CORP | 1.4% | $46.7m | 739,540 | -9% | reduced | |
| 25 | CLGX CORELOGIC INC | 1.4% | $45.8m | 1,125,913 | – | new | |
| 26 | DECK DECKERS OUTDOOR CORP | Consumer Cyclical | 0.8% | $25.5m | 427,707 | – | new |
| 27 | PANDORA MEDIA INC | 0.4% | $15.0m | 15,000,000 | 0% | held | |
| 28 | LANDCADIA HLDGS INC | 0.4% | $13.1m | 1,225,000 | 0% | held | |
| 29 | CF CORP | 0.3% | $10.7m | 1,000,000 | 0% | held | |
| 30 | MEDICINES CO | 0.2% | $7.9m | 5,000,000 | 0% | held | |
| 31 | ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 0.0% | $1.3m | 25,175 | – | 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.