Corvex Management 13F holdings, Q1 2019
Holdings as of March 31, 2019 · filings on SEC EDGAR · latest filing →
Corvex Management disclosed 21 US equity positions worth $1.2bn in its Q1 2019 13F filing. The largest position was MGM at 33.3% of the reported book, followed by FANG and TMUS. Against the Q4 2018 filing, it opened 10 new positions, added to 2 and reduced 5 among the top 21 holdings.
What did Corvex Management own in Q1 2019? Top 21 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2018 |
|---|---|---|---|---|---|---|---|
| 1 | MGM MGM RESORTS INTERNATIONAL | Consumer Cyclical | 33.3% | $402.7m | 15,692,772 | 86% | added |
| 2 | FANG DIAMONDBACK ENERGY INC | Energy | 22.3% | $269.2m | 2,651,522 | -25% | reduced |
| 3 | TMUS T MOBILE US INC | Communication Services | 10.2% | $123.0m | 1,780,430 | -9% | reduced |
| 4 | ADBE ADOBE INC | Technology | 6.0% | $71.9m | 269,907 | – | new |
| 5 | GOOGL ALPHABET INC | Communication Services | 4.2% | $50.2m | 42,635 | -33% | reduced |
| 6 | AMZN AMAZON COM INC | Consumer Cyclical | 3.9% | $47.2m | 26,500 | – | new |
| 7 | DIS DISNEY WALT CO | Communication Services | 3.9% | $47.0m | 423,100 | – | new |
| 8 | TTWO TAKE-TWO INTERACTIVE SOFTWAR | Communication Services | 3.4% | $40.9m | 433,780 | – | new |
| 9 | GWRE GUIDEWIRE SOFTWARE INC | Technology | 3.1% | $37.5m | 386,000 | – | new |
| 10 | CBOE CBOE GLOBAL MARKETS INC | Financial Services | 1.9% | $22.4m | 234,500 | – | new |
| 11 | CMCSA COMCAST CORP NEW | Communication Services | 1.6% | $19.8m | 495,800 | – | new |
| 12 | WAITR HLDGS INC | 1.5% | $17.8m | 1,445,499 | 18% | added | |
| 13 | MSGS MADISON SQUARE GARDEN CO NEW | Communication Services | 1.4% | $17.1m | 58,400 | – | new |
| 14 | ZAYO GROUP HLDGS INC | 1.2% | $14.5m | 511,100 | – | new | |
| 15 | ZENDESK INC | 0.7% | $8.5m | 99,848 | -89% | reduced | |
| 16 | META FACEBOOK INC | Communication Services | 0.7% | $8.0m | 48,000 | -86% | reduced |
| 17 | MEDICINES CO | 0.4% | $5.0m | 5,000,000 | 0% | held | |
| 18 | CELG CELGENE CORP | 0.2% | $2.6m | 27,404 | – | new | |
| 19 | FGL HLDGS | 0.1% | $1.3m | 170,313 | 0% | held | |
| 20 | FALCON MINERALS CORP | 0.1% | $1.3m | 145,475 | 0% | held | |
| 21 | FALCON MINERALS CORP | 0.1% | $720.0k | 878,024 | 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.