Corvex Management L.P. is an investment fund managing more than $1.76 trillion ran by Keith Meister. There are currently 29 companies in Mr. Meister’s portfolio. The largest investments include MGM Resorts International and Southwest Gas Inc, together worth $443 billion.
As of 7th November 2023, Corvex Management L.P.’s top holding is 6,423,778 shares of MGM Resorts International currently worth over $236 billion and making up 13.4% of the portfolio value.
Relative to the number of outstanding shares of MGM Resorts International, Corvex Management L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 3,431,023 shares of Southwest Gas Inc worth $207 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Mdu Res Group Inc worth $199 billion and the next is Knife River Corp worth $124 billion, with 2,536,755 shares owned.
Currently, Corvex Management L.P.'s portfolio is worth at least $1.76 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Corvex Management L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Keith Meister serves as the Managing Partner at Corvex Management L.P..
In the most recent 13F filing, Corvex Management L.P. revealed that it had opened a new position in
Knife River Corp and bought 2,536,755 shares worth $124 billion.
The investment fund also strengthened its position in Southwest Gas Inc by buying
3,393,253 additional shares.
This makes their stake in Southwest Gas Inc total 3,431,023 shares worth $207 billion.
Southwest Gas Inc dropped 7.3% in the past year.
On the other hand, there are companies that Corvex Management L.P. is getting rid of from its portfolio.
Corvex Management L.P. closed its position in California Res Corp on 14th November 2023.
It sold the previously owned 3,057,677 shares for $133 billion.
Keith Meister also disclosed a decreased stake in MGM Resorts International by approximately 0.1%.
This leaves the value of the investment at $236 billion and 6,423,778 shares.
The two most similar investment funds to Corvex Management L.P. are Hawk Ridge Capital Management L.P. and Clearstead Advisors. They manage $1.76 trillion and $1.76 trillion respectively.
Corvex Management L.P.’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 17.2% of
the total portfolio value.
The fund focuses on investments in the United States as
58.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
48% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $415 billion.
These positions were updated on November 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| MGM Resorts International |
3.75%
6,423,778
|
$236,138,079,000 | 13.40% |
| Southwest Gas Holdings Inc |
8,983.99%
3,431,023
|
$207,268,099,000 | 11.76% |
| Mdu Res Group Inc |
No change
10,147,041
|
$198,679,063,000 | 11.27% |
| California Res Corp |
Closed
3,057,677
|
$133,039,526,000 | |
| Knife River Corp |
Opened
2,536,755
|
$123,869,747,000 | 7.03% |
| AES Corp. |
Closed
4,167,588
|
$119,859,831,000 | |
| Constellation Energy Corp |
Closed
1,289,261
|
$111,147,191,000 | |
| Endeavor Group Hldgs Inc |
Opened
4,951,105
|
$98,526,990,000 | 5.59% |
| Fomento Economico Mexicano S |
65.17%
877,606
|
$95,790,695,000 | 5.44% |
| Crown Holdings, Inc. |
Closed
894,861
|
$73,566,523,000 | |
| CSX Corp. |
193.05%
2,366,268
|
$72,762,741,000 | 4.13% |
| Uber Technologies Inc |
Opened
1,488,302
|
$68,447,009,000 | 3.88% |
| Amazon.com Inc. |
Opened
512,629
|
$65,165,398,000 | 3.70% |
| IAC Inc |
45.55%
1,266,517
|
$63,819,792,000 | 3.62% |
| Algonquin Pwr Utils Corp |
Opened
10,381,899
|
$61,460,842,000 | 3.49% |
| Microsoft Corporation |
51.87%
173,661
|
$54,833,461,000 | 3.11% |
| Coca-cola Europacific Partne |
No change
799,325
|
$49,941,826,000 | 2.83% |
| Liberty Media Corp. |
Opened
5,255,797
|
$150,006,551,000 | 8.51% |
| Adobe Inc |
Opened
91,760
|
$46,788,424,000 | 2.65% |
| KKR & Co. Inc |
Opened
749,582
|
$46,174,251,000 | 2.62% |
| Tko Group Holdings Inc |
Opened
501,396
|
$42,147,348,000 | 2.39% |
| Liberty Media Corp. |
Closed
1,669,474
|
$65,494,449,000 | |
| Coca-cola Femsa Sab De Cv |
Opened
464,160
|
$36,408,710,000 | 2.07% |
| Alphabet Inc |
66.74%
187,180
|
$24,494,375,000 | 1.39% |
| Genedx Holdings Corp |
Opened
3,307,523
|
$12,039,384,000 | 0.68% |
| Skydeck Acquisition Corp |
Closed
980,000
|
$9,858,800,000 | |
| Arya Sciences Acqu Corp Iv |
Closed
400,000
|
$4,040,000,000 | |
| Ardagh Metal Packaging S A |
137.24%
864,335
|
$2,705,369,000 | 0.15% |
| Sema4 Holdings Corp |
Closed
9,148,140
|
$2,413,279,000 | |
| Activision Blizzard Inc |
Closed
27,285
|
$2,088,667,000 | |
| Boot Barn Holdings Inc |
47.45%
14,921
|
$1,211,436,000 | 0.07% |
| Meta Platforms Inc |
Opened
2,400
|
$720,504,000 | 0.04% |
| Tesla Inc |
Opened
2,850
|
$713,127,000 | 0.04% |
| NVIDIA Corp |
Opened
1,625
|
$706,859,000 | 0.04% |
| Apple Inc |
Opened
3,900
|
$667,719,000 | 0.04% |
| Salesforce Inc |
91.52%
3,032
|
$614,829,000 | 0.03% |
| Eqrx Inc |
No change
105,200
|
$233,544,000 | 0.01% |
| Somalogic Inc |
No change
40,000
|
$95,600,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 38 holdings | |||