Corvex Management 13F holdings, Q2 2020
Holdings as of June 30, 2020 · filings on SEC EDGAR · latest filing →
Corvex Management disclosed 25 US equity positions worth $1.4bn in its Q2 2020 13F filing. The largest position was MGM at 27.2% of the reported book, followed by IAC INTERACTIVECORP and TMUS. Against the Q1 2020 filing, it opened 11 new positions, added to 7 and reduced 3 among the top 25 holdings.
What did Corvex Management own in Q2 2020? Top 25 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2020 |
|---|---|---|---|---|---|---|---|
| 1 | MGM MGM RESORTS INTERNATIONAL | Consumer Cyclical | 27.2% | $378.6m | 22,537,696 | 0% | held |
| 2 | IAC INTERACTIVECORP | 10.7% | $148.5m | 459,106 | – | new | |
| 3 | TMUS T-MOBILE US INC | Communication Services | 7.5% | $104.2m | 1,000,000 | – | new |
| 4 | GLD SPDR GOLD TRUST | 6.2% | $85.9m | 513,000 | 266% | added | |
| 5 | EXC EXELON CORP | Utilities | 5.7% | $78.8m | 2,170,369 | – | new |
| 6 | AMZN AMAZON COM INC | Consumer Cyclical | 5.2% | $71.8m | 26,035 | -5% | reduced |
| 7 | OPTU ALTICE USA INC | Communication Services | 4.8% | $67.0m | 2,972,597 | -3% | reduced |
| 8 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 4.3% | $60.4m | 280,100 | 75% | added |
| 9 | MSGS MADISON SQUARE GRDN SPRT COR | Communication Services | 3.6% | $49.4m | 336,409 | 22% | added |
| 10 | NFLX NETFLIX INC | Communication Services | 3.3% | $46.0m | 101,000 | 124% | added |
| 11 | EVRG EVERGY INC | Utilities | 2.7% | $37.6m | 634,705 | – | new |
| 12 | ADBE ADOBE INC | Technology | 2.6% | $36.8m | 84,508 | -51% | reduced |
| 13 | ACTIVISION BLIZZARD INC | 2.6% | $35.8m | 472,001 | -0% | held | |
| 14 | CMCSA COMCAST CORP NEW | Communication Services | 2.5% | $34.1m | 875,000 | – | new |
| 15 | CNP CENTERPOINT ENERGY INC | Utilities | 2.1% | $29.6m | 1,582,754 | 5006% | added |
| 16 | HUM HUMANA INC | Healthcare | 2.0% | $27.5m | 70,803 | 221% | added |
| 17 | JPM JPMORGAN CHASE & CO | Financial Services | 1.8% | $24.6m | 262,000 | – | new |
| 18 | IAA INC | 1.7% | $23.5m | 609,607 | – | new | |
| 19 | CNC CENTENE CORP DEL | Healthcare | 1.6% | $22.8m | 358,000 | 156% | added |
| 20 | TIFFANY & CO NEW | 0.5% | $6.8m | 56,037 | – | new | |
| 21 | LYV LIVE NATION ENTERTAINMENT IN | Communication Services | 0.5% | $6.7m | 150,000 | – | new |
| 22 | FALCON MINERALS CORP | 0.4% | $6.0m | 1,890,317 | 0% | held | |
| 23 | PCG PG&E CORP | Utilities | 0.4% | $5.5m | 621,526 | – | new |
| 24 | ELDORADO RESORTS INC | 0.2% | $2.7m | 68,024 | – | new | |
| 25 | FALCON MINERALS CORP | 0.0% | $79.0k | 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.