Corvex Management 13F, Q3 2025
Keith Meister · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 1535472
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 4 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 2025
The 25 largest of 28 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| SOUTHWEST GAS HLDGS INC | SWX | $394.09M | 14.1% | unchanged |
| ILLUMINA INC | ILMN | $363.70M | 13.0% | unchanged |
| GENEDX HOLDINGS CORP | WGS | $329.54M | 11.8% | unchanged |
| AMAZON COM INC | AMZN | $214.64M | 7.7% | +45% shares |
| MGM RESORTS INTERNATIONAL | MGM | $186.66M | 6.7% | -4% shares |
| UNION PAC CORP | UNP | $160.23M | 5.7% | new |
| RESTAURANT BRANDS INTL INC | QSR | $154.50M | 5.5% | +176% shares |
| DISNEY WALT CO | DIS | $149.77M | 5.4% | new |
| ORACLE CORP | ORCL | $98.29M | 3.5% | +251% shares |
| IAC INC | PPLI | $95.00M | 3.4% | +39% shares |
| LIBERTY MEDIA CORP DEL | $94.81M | 3.4% | unchanged | |
| MICROSOFT CORP | MSFT | $89.95M | 3.2% | unchanged |
| VESTIS CORPORATION | VSTS | $85.18M | 3.0% | unchanged |
| CEMEX SAB DE CV | CX | $77.32M | 2.8% | new |
| MDU RES GROUP INC | MDU | $74.50M | 2.7% | unchanged |
| DOLLAR TREE INC | DLTR | $51.08M | 1.8% | -45% shares |
| HEIDRICK & STRUGGLES INTL IN | $49.89M | 1.8% | unchanged | |
| FORTREA HLDGS INC | FTRE | $37.96M | 1.4% | unchanged |
| CARNIVAL CORP | CCL1EUR | $37.32M | 1.3% | new |
| ALGONQUIN PWR UTILS CORP | AQN | $33.21M | 1.2% | unchanged |
| SALESFORCE INC | CRM | $3.44M | 0.1% | new |
| LIBERTY MEDIA CORP DEL | $3.13M | 0.1% | unchanged | |
| NVIDIA CORPORATION | NVDA | $3.03M | 0.1% | unchanged |
| META PLATFORMS INC | META | $1.76M | 0.1% | unchanged |
| ARDAGH METAL PACKAGING S A | $1.59M | 0.1% | unchanged |
What changed since Q2 2025
Against the Q2 2025 filing, Corvex Management opened 5 new positions, added to 4, trimmed 2, left 17 unchanged and exited 7. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Exited
Other quarters
Source: SEC Form 13F-HR, accession 0001011438-25-000574, 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.