Corvex Management 13F holdings, Q3 2019
Holdings as of September 30, 2019 · filings on SEC EDGAR · latest filing →
Corvex Management disclosed 22 US equity positions worth $1.5bn in its Q3 2019 13F filing. The largest position was MGM at 37.1% of the reported book, followed by FANG and MSGS. Against the Q2 2019 filing, it opened 7 new positions, added to 5 and reduced 3 among the top 22 holdings.
What did Corvex Management own in Q3 2019? Top 22 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2019 |
|---|---|---|---|---|---|---|---|
| 1 | MGM MGM RESORTS INTERNATIONAL | Consumer Cyclical | 37.1% | $570.0m | 20,563,696 | 0% | held |
| 2 | FANG DIAMONDBACK ENERGY INC | Energy | 17.2% | $263.9m | 2,935,307 | 0% | held |
| 3 | MSGS MADISON SQUARE GARDEN CO NEW | Communication Services | 7.0% | $107.8m | 409,148 | 480% | added |
| 4 | ZENDESK INC | 4.8% | $73.5m | 1,008,518 | – | new | |
| 5 | ADBE ADOBE INC | Technology | 4.4% | $67.6m | 244,533 | 40% | added |
| 6 | TMUS T MOBILE US INC | Communication Services | 4.3% | $66.5m | 844,234 | -42% | reduced |
| 7 | FORESCOUT TECHNOLOGIES INC | 4.0% | $62.2m | 1,639,734 | 238% | added | |
| 8 | AMZN AMAZON COM INC | Consumer Cyclical | 4.0% | $61.1m | 35,200 | 37% | added |
| 9 | RAYTHEON CO | 3.1% | $47.3m | 241,256 | – | new | |
| 10 | RATTLER MIDSTREAM LP | 2.4% | $36.4m | 2,043,316 | -3% | reduced | |
| 11 | WDAY WORKDAY INC | Technology | 2.4% | $36.3m | 213,700 | – | new |
| 12 | NFLX NETFLIX INC | Communication Services | 2.3% | $35.1m | 131,000 | -6% | reduced |
| 13 | GOOGL ALPHABET INC | Communication Services | 2.2% | $34.2m | 28,000 | – | new |
| 14 | TWLO TWILIO INC | Technology | 1.8% | $27.3m | 248,000 | – | new |
| 15 | NOW SERVICENOW INC | Technology | 1.3% | $20.1m | 79,000 | – | new |
| 16 | WORK SLACK TECHNOLOGIES INC | 0.8% | $11.7m | 493,639 | 23% | added | |
| 17 | MEDICINES CO | 0.5% | $7.6m | 5,000,000 | 0% | held | |
| 18 | PACK RANPAK HLDGS CORP | 0.3% | $4.5m | 750,000 | 0% | held | |
| 19 | INFY INFOSYS LTD | Technology | 0.2% | $2.8m | 250,000 | – | new |
| 20 | FGL HLDGS | 0.1% | $1.4m | 170,313 | 0% | held | |
| 21 | FALCON MINERALS CORP | 0.1% | $834.0k | 145,070 | -0% | held | |
| 22 | FALCON MINERALS CORP | 0.0% | $324.0k | 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.