Corvex Management Portfolio
Corvex Management 13F filer (CIK 0001535472).
Q1 2023 · 31 positions · Total reported value $1.97B · Top-10 concentration 82.5%
Turnover: 60.0% · 5 new · 7 cut · 6 exited
Active Share (vs S&P 500): 91.2% · vs QQQ: 91.1% — share of the book that differs from index weights (higher = more active) · ranking
In its Q1 2023 13F filing, Corvex Management disclosed 31 equity positions with a combined reported value of $1.97B. The filing implies a focused portfolio: its ten largest positions account for 82.5% of reported value. HoldingsHub classifies the profile as Mid / Focused / High Turnover.
The largest disclosed positions as of Q1 2023 were MDU ($309.28M), MGM ($296.45M), IWM ($214.08M). By sector, the heaviest allocations are Industrials 23.7%, Consumer Discretionary 17.7%. Versus the prior quarter, allocation shifted toward Utilities (+9.1pp), Consumer Discretionary (+5.4pp) and away from Other (-0.8pp), Energy (-2.2pp).
Versus the prior quarter, Corvex Management opened 5 new positions, trimmed 7 and fully exited 6, a turnover rate of 60.0% of positions. The portfolio's overlap with the prior quarter was 71% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
Sector Allocation
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | MDU | MDU RES GROUP INC | 10.15M | $309.28M | 15.68% | Hold |
| 2 | MGM | MGM RESORTS INTERNATIONAL | 6.67M | $296.45M | 15.03% | Hold |
| 3 | IWM | ISHARES TR | 1.20M | $214.08M | 10.85% | New |
| 4 | FMX | FOMENTO ECONOMICO MEXICANO S | 1.76M | $167.60M | 8.49% | Reduce |
| 5 | CEG | CONSTELLATION ENERGY CORP | 1.84M | $144.06M | 7.30% | Add |
| 6 | ATVI | ACTIVISION BLIZZARD INC. | 1.65M | $141.22M | 7.16% | Reduce |
| 7 | CRC | CALIFORNIA RES CORP | 2.60M | $100.26M | 5.08% | Reduce |
| 8 | AQN | ALGONQUIN POWER & UTILITIES | 11.90M | $99.95M | 5.07% | New |
| 9 | AES | AES CORP | 4.00M | $96.31M | 4.88% | Reduce |
| 10 | CSX | CSX CORP | 1.95M | $58.48M | 2.96% | Add |
| 11 | SWX | SOUTHWEST GAS HLDGS INC | 912.79K | $57.00M | 2.89% | Add |
| 12 | CCEP | COCA-COLA EUROPACIFIC PARTNE | 799.33K | $47.31M | 2.40% | Hold |
| 13 | EDR | ENDEAVOR GROUP HLDGS INC | 1.88M | $44.95M | 2.28% | New |
| 14 | IAC | IAC INC | 870.15K | $44.90M | 2.28% | Hold |
| 15 | WGS | GENEDX HOLDINGS CORP | 86.81M | $31.69M | 1.61% | Add |
| 16 | UBER | UBER TECHNOLOGIES INC | 715.00K | $22.67M | 1.15% | New |
| 17 | GOOGL | ALPHABET INC | 181.48K | $18.82M | 0.95% | Reduce |
| 18 | MSFT | MICROSOFT CORP | 61.11K | $17.62M | 0.89% | Reduce |
| 19 | MTN | VAIL RESORTS INC | 64.62K | $15.10M | 0.77% | New |
| 20 | AMZN | AMAZON COM INC | 126.93K | $13.11M | 0.66% | New |
| 21 | LSI | LIFE STORAGE INC | 86.47K | $11.34M | 0.57% | New |
| 22 | SKYA | SKYDECK ACQUISITION CORP | 980.00K | $10.03M | 0.51% | Hold |
| 23 | CRM | SALESFORCE INC | 23.43K | $4.68M | 0.24% | Reduce |
| 24 | AMBP | ARDAGH METAL PACKAGING S A | 864.34K | $3.53M | 0.18% | Add |
| 25 | BOOT | BOOT BARN HLDGS INC | 28.39K | $2.18M | 0.11% | Hold |
| 26 | EQRX | EQRX INC | 105.20K | $204.09K | 0.01% | Hold |
| 27 | SLGC | SOMALOGIC INC | 40.00K | $102.00K | 0.01% | Hold |
| 28 | BOACWS | BLUESCAPE OPPORTUNITIES ACQU | 500.00K | $75.00K | 0.00% | Hold |
| 29 | EGGFWS | EG ACQUISITION CORP | 200.83K | $35.15K | 0.00% | Hold |
| 30 | STRWS | SITIO ROYALTIES CORP | 878.02K | $34.24K | 0.00% | Hold |
| 31 | SKYAW | SKYDECK ACQUISITION CORP | 326.67K | $10.62K | 0.00% | Hold |