Corvex Management 13F, Q3 2023
Keith Meister · quarter ending 30 September 2023 · filed 14 November 2023 · SEC CIK 1535472
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 2 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q3 2023
The 25 largest of 34 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2023 filing.
| Company | Ticker | Value | % of book | vs Q2 2023 |
|---|---|---|---|---|
| MGM RESORTS INTERNATIONAL | MGM | $236.14M | 13.4% | unchanged |
| SOUTHWEST GAS HLDGS INC | SWX | $207.27M | 11.8% | +67% shares |
| MDU RES GROUP INC | MDU | $198.68M | 11.3% | unchanged |
| KNIFE RIVER CORP | KNF | $123.87M | 7.0% | unchanged |
| ENDEAVOR GROUP HLDGS INC | $98.53M | 5.6% | new | |
| FOMENTO ECONOMICO MEXICANO S | FMX | $95.79M | 5.4% | -29% shares |
| CSX CORP | CSX | $72.76M | 4.1% | +21% shares |
| UBER TECHNOLOGIES INC | UBER | $68.45M | 3.9% | +116% shares |
| AMAZON COM INC | AMZN | $65.17M | 3.7% | +304% shares |
| IAC INC | PPLI | $63.82M | 3.6% | +46% shares |
| ALGONQUIN PWR UTILS CORP | AQN | $61.46M | 3.5% | +27% shares |
| MICROSOFT CORP | MSFT | $54.83M | 3.1% | +210% shares |
| COCA-COLA EUROPACIFIC PARTNE | $49.94M | 2.8% | unchanged | |
| LIBERTY MEDIA CORP DEL | $49.74M | 2.8% | new | |
| ADOBE INC | ADBE | $46.79M | 2.6% | -4% shares |
| KKR & CO INC | KKR | $46.17M | 2.6% | +23% shares |
| LIBERTY MEDIA CORP DEL | $44.22M | 2.5% | new | |
| TKO GROUP HOLDINGS INC | TKO | $42.15M | 2.4% | new |
| COCA-COLA FEMSA SAB DE CV | KOF | $36.41M | 2.1% | new |
| LIBERTY MEDIA CORP DEL | $29.70M | 1.7% | new | |
| LIBERTY MEDIA CORP DEL | $26.34M | 1.5% | new | |
| ALPHABET INC | GOOGL | $24.49M | 1.4% | +3% shares |
| GENEDX HOLDINGS CORP | WGS | $12.04M | 0.7% | unchanged |
| ARDAGH METAL PACKAGING S A | $2.71M | 0.1% | unchanged | |
| BOOT BARN HLDGS INC | BOOT | $1.21M | 0.1% | -29% shares |
What changed since Q2 2023
Against the Q2 2023 filing, Corvex Management opened 11 new positions, added to 9, trimmed 3, left 11 unchanged and exited 8. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- ENDEAVOR GROUP HLDGS INC$98.53M
- LIBERTY MEDIA CORP DEL$49.74M
- LIBERTY MEDIA CORP DEL$44.22M
- TKO$42.15M
- KOF$36.41M
- LIBERTY MEDIA CORP DEL$29.70M
- LIBERTY MEDIA CORP DEL$26.34M
- META$720.5K
and 3 more
Exited
Other quarters
Source: SEC Form 13F-HR, accession 0001011438-23-000639, filed by Corvex Management LP. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.