WhaleCreep

Corvex Management LP 13F holdings, Q4 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-12-31, filed 2024-02-14

Corvex Management LP disclosed 31 US equity positions worth $1.9bn in its Q4 2023 13F filing. Its largest position is SWX at 16.2% of the reported book, followed by MGM and MDU. Versus Q3 2023 it opened 3 new positions, added to 3, reduced 9 and exited 6.

$1.9bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
31
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
16.2%
Largest position
The largest single position as a share of the reported equity book.
74.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
12
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
59
Quarters on file since Q4 2011
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q3 2023: 3 new, 3 added, 9 reduced, 6 exited

31 rows
SWX SOUTHWEST GAS HLDGS INCUtilities16.2%$302m4.77m+39%added
MGM MGM RESORTS INTERNATIONALConsumer Cyclical15.4%$287m6.42m0.0%held
MDU MDU RES GROUP INCUtilities10.8%$201m10.15m0.0%held
ILMN ILLUMINA INCHealthcare5.5%$102m730,084–new
FMX FOMENTO ECONOMICO MEXICANO SConsumer Defensive5.4%$101m772,087−12%reduced
KNF KNIFE RIVER CORPBasic Materials4.7%$87.2m1.32m−48%reduced
UBER UBER TECHNOLOGIES INCTechnology4.6%$86.3m1.40m−5.8%reduced
CSX CSX CORPIndustrials4.4%$82.0m2.37m0.0%held
AMZN AMAZON COM INCConsumer Cyclical4.2%$78.6m517,629+1.0%added
PPLI PEOPLE INCCommunication Services3.6%$66.3m1.27m0.0%held
MSFT MICROSOFT CORPTechnology3.5%$65.3m173,6610.0%held
KOF COCA-COLA FEMSA SAB DE CVConsumer Defensive3.4%$62.5m659,924+42%added
KKR KKR & CO INCFinancial Services3.3%$62.1m749,5820.0%held
LIBERTY MEDIA CORP DEL no ticker–3.1%$57.0m1.56m0.0%held
ADBE ADOBE INCTechnology2.9%$54.7m91,7600.0%held
COCA-COLA EUROPACIFIC PARTNE no ticker–2.9%$53.3m799,3250.0%held
LIBERTY MEDIA CORP DEL no ticker–1.9%$34.6m925,3780.0%held
GOOGL ALPHABET INCCommunication Services1.4%$26.1m187,1800.0%held
0C3 ENDEAVOR GROUP HLDGS INC–1.1%$20.2m851,568−83%reduced
LIBERTY MEDIA CORP DEL no ticker–0.6%$10.6m369,460−79%reduced
WGS GENEDX HOLDINGS CORPHealthcare0.4%$6.8m2.47m−25%reduced
AQN ALGONQUIN POWER & UTILITIESUtilities0.3%$6.4m1.01m−90%reduced
LIBERTY MEDIA CORP DEL no ticker–0.3%$5.5m192,258−81%reduced
AMBP ARDAGH METAL PACKAGING S AConsumer Cyclical0.08%$1.5m398,835−54%reduced
META META PLATFORMS INCCommunication Services0.05%$850k2,4000.0%held
NVDA NVIDIA CORPORATIONTechnology0.04%$805k1,6250.0%held
CRM SALESFORCE INCTechnology0.04%$798k3,0320.0%held
TSLA TESLA INCConsumer Cyclical0.04%$708k2,8500.0%held
RVMD REVOLUTION MEDICINES INCHealthcare0.02%$335k11,698–new
SLGCUSD SOMALOGIC INC–0.01%$101k40,0000.0%held
FLYEXCLUSIVE INC no ticker–0.0%$44.2k200,832–new

Exited since Q3 2023

6 rows
TKO TKO GROUP HOLDINGS INC2.4%$42.1m
BOOT BOOT BARN HLDGS INC0.07%$1.2m
AAPL APPLE INC0.04%$668k
EQRX INC no ticker0.01%$234k
EG ACQUISITION CORP no ticker0.0%$34.3k
BLUESCAPE OPPORTUNITIES ACQU no ticker0.0%$4.3k

Sector mix

  • Utilities27.3%
  • Consumer Cyclical19.7%
  • Technology11.2%
  • Unclassified9.7%
  • Consumer Defensive8.8%
  • Healthcare5.8%
  • Communication Services5.0%
  • Basic Materials4.7%
  • Industrials4.4%
  • Financial Services3.3%

Book over time

Every quarter on file (59)
QuarterPositionsEquity book
Q2 202623$3.2bn
Q1 202625$2.5bn
Q4 202524$3.0bn
Q3 202528$2.8bn
Q2 202530$2.4bn
Q1 202532$2.6bn
Q4 202434$2.7bn
Q3 202430$2.4bn
Q2 202433$2.1bn
Q1 202432$2.0bn
Q4 202331$1.9bn
Q3 202334$1.8bn
Q2 202331$1.8bn
Q1 202331$1.7bn
Q4 202228$1.5bn
Q3 202232$1.6bn
Q2 202233$1.5bn
Q1 202228$1.4bn
Q4 202130$2.1bn
Q3 202132$2.3bn
Q2 202134$2.2bn
Q1 202144$2.0bn
Q4 202034$2.1bn
Q3 202031$1.6bn
Q2 202025$1.4bn
Q1 202025$948m
Q4 201913$1.4bn
Q3 201922$1.5bn
Q2 201926$1.5bn
Q1 201921$1.2bn
Q4 201816$1.1bn
Q3 201825$1.9bn
Q2 201827$1.9bn
Q1 201824$1.8bn
Q4 201720$1.9bn
Q3 201721$2.4bn
Q2 201727$2.6bn
Q1 201731$3.4bn
Q4 201635$5.1bn
Q3 201627$5.3bn
Q2 201626$5.8bn
Q1 201620$6.0bn
Q4 201524$6.8bn
Q3 201530$8.0bn
Q2 201538$9.0bn
Q1 201535$7.5bn
Q4 201428$7.1bn
Q3 201436$7.2bn
Q2 201435$7.2bn
Q1 201445$6.4bn
Q4 201341$4.0bn
Q3 201346$4.3bn
Q2 201341$3.8bn
Q1 201336$2.6bn
Q4 201240$1.9bn
Q3 201239$1.9bn
Q2 201228$1.4bn
Q1 201234$1.1bn
Q4 201125$421m

Where Corvex Management LP was early

63 rows
CBRE CBRE GROUP INCQ1 20123 of 1581.7%1.7%2Exited by Q3 2012−18%
HES HESS CORPQ1 20124 of 1556.8%6.8%4Exited by Q1 2013−10%
FXI ISHARES TR FTSE CHINA25 IDXQ1 20126 of 1351.2%3.7%2Exited by Q3 2012−8.2%
SBAC SBA COMMUNICATIONS CORPQ1 20126 of 1514.3%4.6%9Exited by Q4 2014+118%
WMB WILLIAMS COS INC DELQ1 20129 of 2070.4%33.9%19Exited by Q1 2017+1.1%
IWM ISHARES TRQ1 201210 of 23318.0%25.7%9Exited by Q2 2026+199%
CNC CENTENE CORP DELQ3 20122 of 1961.3%4.8%5Exited by Q3 2020+580%
GPN GLOBAL PMTS INCQ3 20124 of 1892.5%2.5%5Exited by Q2 2021+864%
AIG AMERICAN INTL GROUP INCQ3 201214 of 1552.2%2.9%2Exited by Q1 2013+7.6%
JPM JPMORGAN CHASE & COQ3 201214 of 2311.8%4.5%16Exited by Q4 2022+158%
LEA LEAR CORPQ4 20122 of 1211.6%3.8%2Exited by Q2 2013+17%
PSX PHILLIPS 66Q4 20124 of 1610.9%3.0%6Exited by Q2 2014+45%
FCX FREEPORT-MCMORAN COPPER & GOQ4 20129 of 2233.3%3.3%2Exited by Q2 2013−3.2%
AAPL APPLE INCQ4 201228 of 2752.8%2.8%3Exited by Q4 2023+801%
OXY OCCIDENTAL PETE CORP DELQ1 20133 of 1921.8%1.8%2Exited by Q3 2013+14%
HUN HUNTSMAN CORPQ1 20135 of 1431.0%1.7%4Exited by Q2 2015+19%
EVTC EVERTEC INCQ2 20131 of 861.3%1.6%6Exited by Q4 2014+1.7%
STZ CONSTELLATION BRANDS INCQ2 20132 of 1645.5%5.5%2Exited by Q4 2013+10%
DG DOLLAR GEN CORP NEWQ2 20135 of 1873.8%4.1%7Exited by Q1 2015+40%
TMO THERMO FISHER SCIENTIFIC INCQ2 201312 of 2346.1%7.6%4Exited by Q2 2014+42%
QCOM QUALCOMM INCQ2 201319 of 2461.6%1.8%2Exited by Q4 2013+10%
NXST NEXSTAR BROADCASTING GROUP IQ3 20131 of 1471.2%1.2%2Exited by Q1 2014+25%
STWD STARWOOD PPTY TR INCQ3 20133 of 980.4%1.3%2Exited by Q1 2014+16%
FNF FIDELITY NATIONAL FINANCIALQ3 20134 of 1561.5%14.7%14Exited by Q1 2017+55%
CF CF INDS HLDGS INCQ3 20139 of 1851.5%1.5%3Exited by Q2 2014+24%
SIG SIGNET JEWELERS LIMITEDQ4 20132 of 1381.7%12.2%16Exited by Q4 2017−15%
EQT EQT CORPQ4 20138 of 2311.7%1.7%2Exited by Q2 2014+8.0%
CNP CENTERPOINT ENERGY INCQ4 201310 of 1300.4%3.0%6Exited by Q1 2021−6.6%
DHR DANAHER CORP DELQ1 20147 of 2352.0%2.0%4Exited by Q2 2015+13%
VYX NCR CORP NEWQ1 20147 of 1961.0%2.2%4Exited by Q1 2015−20%
BUD ANHEUSER BUSCH INBEV SA/NVQ1 201410 of 1290.7%2.2%7Exited by Q4 2015+1.0%
ICE INTERCONTINENTAL EXCHANGE INQ2 201410 of 2173.2%6.3%8Exited by Q4 2018+98%
OII OCEANEERING INTL INCQ3 20144 of 990.8%2.1%2Exited by Q1 2015−9.8%
HP5A EQUITY COMWLTHQ3 20146 of 1111.4%1.9%7Exited by Q2 2016+9.8%
TAP MOLSON COORS BREWING COQ3 201411 of 1530.2%2.4%5Exited by Q4 2015+12%
AMAT APPLIED MATLS INCQ3 201421 of 2910.6%1.2%3Exited by Q4 2015−32%
CCI CROWN CASTLE INTL CORP NEWQ4 20142 of 1683.9%3.9%2Exited by Q2 2015+4.9%
LAMR LAMAR ADVERTISING CO NEWQ4 20142 of 1284.7%4.7%3Exited by Q3 2015+7.2%
YUM YUM BRANDS INCQ1 201512 of 1560.9%36.0%9Exited by Q2 2017+13%
AN AUTONATION INCQ2 201511 of 1430.9%1.4%3Exited by Q1 2016−5.3%
BALL BALL CORPQ3 20157 of 1552.1%5.5%7Exited by Q2 2017+19%
PFE PFIZER INCQ3 201520 of 2080.1%8.7%3Exited by Q2 2016−5.6%
VISN COMMSCOPE HLDG CO INCQ4 201512 of 1871.5%3.2%5Exited by Q1 2017+44%
GOOGL ALPHABET INCQ4 201525 of 3758.6%9.6%33Exited by Q3 2025+353%
NOMD NOMAD FOODS LTDQ1 20162 of 1122.3%8.8%8Exited by Q1 2018+88%
BIO BIO RAD LABS INCQ2 20162 of 1411.2%5.0%5Exited by Q3 2017+58%
JCI JOHNSON CTLS INTL PLCQ3 20164 of 1732.6%2.6%2Exited by Q1 2017−11%
TMUS T-MOBILE US INCQ3 201625 of 2460.8%11.5%19Exited by Q1 2022+148%
YUMC YUM CHINA HLDGS INCQ4 20161 of 1507.4%8.3%2Exited by Q2 2017+4.1%
CRM SALESFORCE INCQ4 201622 of 3034.6%5.8%22Exited by Q2 2026+173%

Concentration and tenure

22.5%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
78.9%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
2
Median completed holding, quarters