Corvex Management 13F holdings, Q3 2020
Holdings as of September 30, 2020 · filings on SEC EDGAR · latest filing →
Corvex Management disclosed 31 US equity positions worth $1.6bn in its Q3 2020 13F filing. The largest position was MGM at 29.8% of the reported book, followed by EXC and TMUS. Against the Q2 2020 filing, it opened 12 new positions, added to 8 and reduced 6 among the top 31 holdings.
What did Corvex Management own in Q3 2020? Top 31 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2020 |
|---|---|---|---|---|---|---|---|
| 1 | MGM MGM RESORTS INTERNATIONAL | Consumer Cyclical | 29.8% | $490.2m | 22,537,696 | 0% | held |
| 2 | EXC EXELON CORP | Utilities | 8.1% | $132.8m | 3,713,059 | 71% | added |
| 3 | TMUS T-MOBILE US INC | Communication Services | 6.5% | $106.3m | 929,450 | -7% | reduced |
| 4 | GLD SPDR GOLD TRUST | 5.5% | $90.9m | 513,000 | 0% | held | |
| 5 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 5.1% | $83.1m | 282,795 | 1% | added |
| 6 | OPTU ALTICE USA INC | Communication Services | 4.7% | $77.8m | 2,991,222 | 1% | added |
| 7 | ACTIVISION BLIZZARD INC | 3.5% | $58.1m | 717,536 | 52% | added | |
| 8 | AMZN AMAZON COM INC | Consumer Cyclical | 3.1% | $51.1m | 16,230 | -38% | reduced |
| 9 | CNP CENTERPOINT ENERGY INC | Utilities | 3.0% | $50.1m | 2,587,254 | 63% | added |
| 10 | IAC INTERACTIVECORP NEW | 2.6% | $43.0m | 359,106 | – | new | |
| 11 | NFLX NETFLIX INC | Communication Services | 2.6% | $42.2m | 84,325 | -17% | reduced |
| 12 | CMCSA COMCAST CORP NEW | Communication Services | 2.5% | $40.5m | 875,850 | 0% | held |
| 13 | ILMN ILLUMINA INC | Healthcare | 2.4% | $38.6m | 125,000 | – | new |
| 14 | ADBE ADOBE SYSTEMS INCORPORATED | Technology | 2.3% | $37.1m | 75,598 | -11% | reduced |
| 15 | EVRG EVERGY INC | Utilities | 2.2% | $36.8m | 725,000 | 14% | added |
| 16 | FE FIRSTENERGY CORP | Utilities | 2.1% | $34.4m | 1,197,500 | – | new |
| 17 | ACM AECOM | Industrials | 2.1% | $33.7m | 805,902 | – | new |
| 18 | TWITTER INC | 1.8% | $29.9m | 671,900 | – | new | |
| 19 | HUM HUMANA INC | Healthcare | 1.8% | $29.7m | 71,670 | 1% | added |
| 20 | DIS DISNEY WALT CO | Communication Services | 1.7% | $27.6m | 222,260 | – | new |
| 21 | ZENDESK INC | 1.6% | $26.4m | 256,968 | – | new | |
| 22 | JPM JPMORGAN CHASE & CO | Financial Services | 1.5% | $25.2m | 262,000 | 0% | held |
| 23 | HCA HCA HEALTHCARE INC | Healthcare | 1.0% | $16.2m | 130,000 | – | new |
| 24 | NAV NAVISTAR INTL CORP NEW | 0.8% | $13.9m | 318,891 | – | new | |
| 25 | LIBERTY MEDIA CORP DEL | 0.6% | $9.2m | 254,300 | – | new | |
| 26 | LYV LIVE NATION ENTERTAINMENT IN | Communication Services | 0.5% | $8.3m | 153,800 | 3% | added |
| 27 | MSGS MADISON SQUARE GRDN SPRT COR | Communication Services | 0.3% | $4.5m | 30,009 | -91% | reduced |
| 28 | LIBERTY MEDIA CORP DEL | 0.2% | $3.4m | 100,000 | – | new | |
| 29 | PCG PG&E CORP | Utilities | 0.1% | $911.0k | 97,026 | -84% | reduced |
| 30 | FIVE FIVE BELOW INC | Consumer Cyclical | 0.0% | $433.0k | 3,407 | – | new |
| 31 | FALCON MINERALS CORP | 0.0% | $70.0k | 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.