Corvex Management 13F holdings, Q1 2020
Holdings as of March 31, 2020 · filings on SEC EDGAR · latest filing →
Corvex Management disclosed 25 US equity positions worth $948.5m in its Q1 2020 13F filing. The largest position was MGM at 27.9% of the reported book, followed by ZENDESK INC and OPTU. Against the Q4 2019 filing, it opened 15 new positions, added to 5 and reduced 3 among the top 25 holdings.
What did Corvex Management own in Q1 2020? Top 25 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2019 |
|---|---|---|---|---|---|---|---|
| 1 | MGM MGM RESORTS INTERNATIONAL | Consumer Cyclical | 27.9% | $264.8m | 22,437,696 | 7% | added |
| 2 | ZENDESK INC | 10.2% | $96.7m | 1,511,404 | 61% | added | |
| 3 | OPTU ALTICE USA INC | Communication Services | 7.2% | $68.0m | 3,050,000 | 91% | added |
| 4 | MSGS MADISON SQUARE GARDEN CO NEW | Communication Services | 6.2% | $58.4m | 276,409 | -31% | reduced |
| 5 | ADBE ADOBE INC | Technology | 5.8% | $55.0m | 172,833 | -29% | reduced |
| 6 | CRM SALESFORCE COM INC | Technology | 5.8% | $54.7m | 380,000 | – | new |
| 7 | AMZN AMAZON COM INC | Consumer Cyclical | 5.6% | $53.2m | 27,300 | 39% | added |
| 8 | RAYTHEON CO | 4.9% | $46.3m | 353,256 | 46% | added | |
| 9 | FANG DIAMONDBACK ENERGY INC | Energy | 3.3% | $31.1m | 1,188,628 | -23% | reduced |
| 10 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 3.3% | $31.1m | 160,000 | – | new |
| 11 | ACTIVISION BLIZZARD INC | 3.0% | $28.1m | 473,001 | – | new | |
| 12 | UNP UNION PAC CORP | Industrials | 2.9% | $27.9m | 198,000 | – | new |
| 13 | VMC VULCAN MATLS CO | Basic Materials | 2.3% | $21.8m | 201,690 | – | new |
| 14 | MPC MARATHON PETE CORP | Energy | 2.2% | $20.9m | 886,600 | – | new |
| 15 | GLD SPDR GOLD TRUST | 2.2% | $20.7m | 140,000 | – | new | |
| 16 | NFLX NETFLIX INC | Communication Services | 1.8% | $16.9m | 45,000 | – | new |
| 17 | MTCH MATCH GROUP INC | Communication Services | 1.6% | $14.7m | 222,700 | – | new |
| 18 | CNC CENTENE CORP DEL | Healthcare | 0.9% | $8.3m | 140,000 | – | new |
| 19 | UNH UNITEDHEALTH GROUP INC | Healthcare | 0.8% | $8.0m | 32,073 | – | new |
| 20 | HUM HUMANA INC | Healthcare | 0.7% | $6.9m | 22,083 | – | new |
| 21 | ELV ANTHEM INC | Healthcare | 0.6% | $5.7m | 25,000 | – | new |
| 22 | SPY SPDR S&P 500 ETF TR | 0.5% | $4.3m | 16,622 | – | new | |
| 23 | FALCON MINERALS CORP | 0.4% | $4.1m | 1,890,317 | 0% | held | |
| 24 | CNP CENTERPOINT ENERGY INC | Utilities | 0.1% | $479.0k | 31,000 | – | new |
| 25 | FALCON MINERALS CORP | 0.0% | $132.0k | 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.