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Corvex Management LP13F | |
Corvex Management LP | |
Last update 2024-11-15 | 32 Stocks (3 new) |
Value $2.57 Bil | Turnover 7 % |
Portfolio Report |
Corvex Management LP Profile
Corvex Management is a hedge fund sponsor based out of New York City. The company was founded in 2010 by Keith Arlyn Meister, who currently acts as the CIO and Managing Partner of the company. Corvex Management conducts its research in house and invests in various public equity, fixed income, and alternative investment markets on a global scale. The company utilizes an event driven and opportunistic methodology to make its investment decisions, investing in value stocks, special situations, and distressed securities. Corvex Management invests most heavily in the energy and finance sectors, which each make up over a quarter of its total asset allocations, and the firm also invests in the consumer discretionary, health care, industrials, consumer staples, and materials sectors, among others to a lesser degree, in order of decreasing amount allocated. The company is owned by its employees and currently has 23 employees employed with 13 of them being investment professionals. Corvex Management is owned in a controlling majority by founder Keith Arlyn Meister with the remaining ownership split amongst Nicholas Francis Graziano, a senior managing director, Rupal Dhruv Doshi, the COO, Malcom Andrew Levine, a senior managing director, Meister Capital Management LLC, and various other key executives. Corvex Management currently holds over $11 billion in total assets under management spread across 3 accounts, all of which are discretionary accounts, with all of its clients being pooled investment vehicles. Both of the company’s total number of accounts held and total assets under management have been increasing in recent years, with its total assets under management experience significant growth from just over $1 billion to well over 10 times that amount today. Graziano, who has worked with the founder Keith Meister before at Icahn Enterprises, left Corvex Management in 2015 to launch his own fund within the next year.
Corvex Management LP Top Holdings of 2024-09-30
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Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
---|---|---|---|---|---|---|---|---|---|---|---|---|
SWX | Southwest Gas Holdings Inc | 4,769,098 | 351768.670 | 0% | 13.660 | 0% | 6.650 | -5.39% | -1.23% | 5010.578 | Utilities - Regulated | |
ILMN | Illumina Inc | 2,280,798 | 297438.870 | -0.38% | 11.550 | -0.04% | 1.440 | -8.45% | +2.13% | 21645.728 | Medical Diagnostics & Research | |
VSTS | Vestis Corp | 17,007,877 | 253417.370 | 0% | 9.840 | 0% | 12.940 | +8.11% | +5.97% | 2126.064 | Business Services | |
MGM | MGM Resorts International | 5,738,478 | 224317.110 | -2.07% | 8.710 | -0.25% | 1.930 | -17.74% | -4.47% | 9855.210 | Travel & Leisure | |
ECG | Everus Construction Group Inc | 2,536,760 | 143935.780 | 0% | 5.590 | 0% | 4.970 | 0% | +5.46% | 3534.403 | Construction | |
MDU | MDU Resources Group Inc | 10,147,041 | 134194.610 | 0% | 5.210 | 0% | 4.980 | +14.29% | +0.67% | 3698.533 | Conglomerates | |
IWM
PUT
| iShares Russell 2000 ETF | 600,000 | 132534.000 | 0% | 5.150 | 0% | 0.190 | -1.13% | -0.56% | 71209.895 | ||
GOOGL | Alphabet Inc | 643,209 | 106676.210 | +25.33% | 4.140 | +0.84% | 0.010 | +15.11% | +0.19% | 2329320.320 | Interactive Media | |
WGS | GeneDx Holdings Corp | 2,473,781 | 104987.270 | 0% | 4.080 | 0% | 9.010 | +20.51% | -6.32% | 1978.078 | Healthcare Providers & Services | |
AMZN | Amazon.com Inc | 517,629 | 96449.810 | 0% | 3.750 | 0% | 0.000 | +16.11% | -0.74% | 2289748.797 | Retail - Cyclical |
Corvex Management LP's Historical Top Holdings Breakdowns
Corvex Management LP's Top Stock Picks
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Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
---|---|---|---|---|---|---|---|---|---|---|---|
CTLT | Catalent Inc | 2023-09-30 | Sold Out | -12.09% | 44.2 ($46.72) 50.2 | $63.48 | 35.87% | Sold Out | 0 | -5,670,297 | |
CTLT | Catalent Inc | 2023-06-30 | New Buy | +12.09% | 31.86 ($44.27) 67.26 | $63.48 | 43.39% | New holding | 5,670,297 | 5,670,297 | |
VSTS | Vestis Corp | 2024-06-30 | Add | +7.73% | 9.41 ($14.45) 19.65 | $16.15 | 11.76% | Add 410.99% | 17,007,877 | 13,679,468 | |
ILMN | Illumina Inc | 2024-06-30 | Add | +6.19% | 98.22 ($112.1) 129.83 | $136.48 | 21.75% | Add 127.85% | 2,289,486 | 1,284,678 | |
KNF | Knife River Holding Co | 2023-06-30 | New Buy | +5.43% | 35.02 ($42.43) 47.6 | $100.21 | 136.18% | New holding | 2,536,755 | 2,536,755 | |
ILMN | Illumina Inc | 2023-12-31 | New Buy | +5.36% | 92.79 ($118.59) 142.53 | $136.48 | 15.09% | New holding | 730,084 | 730,084 | |
EDR | Endeavor Group Holdings Inc | 2023-09-30 | New Buy | +5.32% | 19.67 ($22.94) 25.18 | $30.69 | 33.78% | New holding | 4,951,105 | 4,951,105 | |
CRC | California Resources Corp | 2023-06-30 | Sold Out | -4.93% | 37.54 ($40.55) 45.71 | $53.87 | 32.85% | Sold Out | 0 | -2,604,166 | |
AQN | Algonquin Power & Utilities Corp | 2023-03-31 | New Buy | +4.92% | 6.66 ($7.52) 8.58 | $4.35 | -42.15% | New holding | 11,898,567 | 11,898,567 | |
KNF | Knife River Holding Co | 2024-03-31 | Sold Out | -4.59% | 61.91 ($70.17) 81.08 | $100.21 | 42.81% | Sold Out | 0 | -1,317,206 |
Corvex Management LP Total Holding History ($B)
Corvex Management LP's Asset Allocation
Corvex Management LP Past Portfolios
Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
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Top Ranked Articles
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Corvex Management LP's Hypothetical Growth since 2024-09-30
Corvex Management LP's Yearly Returns
Year | Portfolio % | % | Excess Gain % |
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Corvex Management LP's Holdings Heat Map
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Corvex Management LP's Holdings Bubble Chart
Corvex Management LP News
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