Corvex Management 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Corvex Management disclosed 28 US equity positions worth $2.8bn in its Q3 2025 13F filing. The largest position was SWX at 14.1% of the reported book, followed by ILMN and WGS. Against the Q2 2025 filing, it opened 5 new positions, added to 4 and reduced 2 among the top 28 holdings.
What did Corvex Management own in Q3 2025? Top 28 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SWX SOUTHWEST GAS HLDGS INC | Utilities | 14.1% | $394.1m | 5,030,556 | 0% | held |
| 2 | ILMN ILLUMINA INC | Healthcare | 13.0% | $363.7m | 3,829,608 | 0% | held |
| 3 | WGS GENEDX HOLDINGS CORP | Healthcare | 11.8% | $329.5m | 3,058,629 | 0% | held |
| 4 | AMZN AMAZON COM INC | Consumer Cyclical | 7.7% | $214.6m | 977,529 | 45% | added |
| 5 | MGM MGM RESORTS INTERNATIONAL | Consumer Cyclical | 6.7% | $186.7m | 5,385,478 | -4% | reduced |
| 6 | UNP UNION PAC CORP | Industrials | 5.7% | $160.2m | 677,863 | – | new |
| 7 | QSR RESTAURANT BRANDS INTL INC | Consumer Cyclical | 5.5% | $154.5m | 2,408,743 | 176% | added |
| 8 | DIS DISNEY WALT CO | Communication Services | 5.4% | $149.8m | 1,308,000 | – | new |
| 9 | ORCL ORACLE CORP | Technology | 3.5% | $98.3m | 349,500 | 251% | added |
| 10 | PPLI IAC INC | Communication Services | 3.4% | $95.0m | 2,788,379 | 39% | added |
| 11 | LIBERTY MEDIA CORP DEL | 3.4% | $94.8m | 1,005,434 | 0% | held | |
| 12 | MSFT MICROSOFT CORP | Technology | 3.2% | $89.9m | 173,661 | 0% | held |
| 13 | VSTS VESTIS CORPORATION | Industrials | 3.1% | $85.2m | 18,803,899 | 0% | held |
| 14 | CX CEMEX SAB DE CV | Basic Materials | 2.8% | $77.3m | 8,600,275 | – | new |
| 15 | MDU MDU RES GROUP INC | Utilities | 2.7% | $74.5m | 4,183,151 | 0% | held |
| 16 | DLTR DOLLAR TREE INC | Consumer Defensive | 1.8% | $51.1m | 541,300 | -45% | reduced |
| 17 | HSI HEIDRICK & STRUGGLES INTL IN | 1.8% | $49.9m | 1,002,462 | 0% | held | |
| 18 | FTRE FORTREA HLDGS INC | Healthcare | 1.4% | $38.0m | 4,508,531 | 0% | held |
| 19 | CCL CARNIVAL CORP | Consumer Cyclical | 1.3% | $37.3m | 1,290,810 | – | new |
| 20 | AQN ALGONQUIN PWR UTILS CORP | Utilities | 1.2% | $33.2m | 6,183,855 | 0% | held |
| 21 | CRM SALESFORCE INC | Technology | 0.1% | $3.4m | 14,500 | – | new |
| 22 | LIBERTY MEDIA CORP DEL | 0.1% | $3.1m | 32,322 | 0% | held | |
| 23 | NVDA NVIDIA CORPORATION | Technology | 0.1% | $3.0m | 16,250 | 0% | held |
| 24 | META META PLATFORMS INC | Communication Services | 0.1% | $1.8m | 2,400 | 0% | held |
| 25 | AMBP ARDAGH METAL PACKAGING S A | Consumer Cyclical | 0.1% | $1.6m | 398,835 | 0% | held |
| 26 | TSLA TESLA INC | Consumer Cyclical | 0.0% | $1.3m | 2,850 | 0% | held |
| 27 | FLYEXCLUSIVE INC | 0.0% | $63.8k | 200,832 | 0% | held | |
| 28 | LAB STANDARD BIOTOOLS INC | Healthcare | 0.0% | $57.7k | 44,400 | 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.