CM
Corvex Management LP Investment Portfolio (Q2 2026) — 13F Stock Holdings
Corvex Management LPCIK: 0001535472
Momentum followerQuality / disciplined sizingSector-focused
Total reported value
$3.3B
Reporting period: 2026-06-30 · Number of holdings: 25
Corvex Management LP disclosed 25 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $3.3B and a quarterly turnover rate of 40.4%.
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Personality snowflake
- Concentration
- 30.52
- Portfolio Stability
- 40.39
- Momentum
- 100
- Sector conviction
- 68.25
- Diversification
- 48
- Sizing Uniformity
- 90.69
Corvex Management LP's disclosed holdings carry a Herfindahl concentration index of 0.076 — mathematically equivalent to about 13 equally-sized positions, well below its 25 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.93), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 3.0 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd META
+15733.3% $212.7M
Trim SWX
-25.7% -$90.7M
New buy VST
Trim ILMN
-26.1% $25.7M
New buy PLNT
Add VSTS
0.0% $132.0M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 24 holdings (of 25 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ILMN | Illumina Inc | Stock-Healthcare | 15.20% | -3.57% | -26.09% | |
| 2 | WGS | Genedx Holdings CORP | Stock-Other | 10.03% | +1.79% | +48.21% | |
| 3 | VSTS | Vestis CORP | Stock-Other | 8.79% | +2.60% | — | |
| 4 | SWX | Southwest Gas Holdings Inc | Stock-Utilities | 8.69% | -6.23% | -25.70% | |
| 5 | MGM | Mgm Resorts International | Stock-Consumer Disc | 7.81% | -0.06% | — | |
| 6 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 6.59% | -0.72% | +2.61% | |
| 7 | META | Meta Platforms Inc-class A | Stock-Comm Services | 6.54% | +6.49% | +15733.33% | |
| 8 | DIS | Walt Disney Co/the | Stock-Comm Services | 6.35% | -1.93% | — | |
| 9 | VST | Vistra CORP | Stock-Utilities | 4.94% | +4.94% | NEW | |
| 10 | PPLI | People Inc | Stock-Comm Services | 3.94% | -1.40% | -16.73% | |
| 11 | LLYVA | Liberty Live Holdings-a | Stock-Other | 3.11% | -0.55% | — | |
| 12 | CX | Cemex Sab-spons Adr Part Cer | Stock-Other | 3.05% | -0.86% | -3.31% | |
| 13 | PLNT | Planet Fitness Inc - Cl A | Stock-Consumer Disc | 3.02% | +3.02% | NEW | |
| 14 | QSR | Restaurant Brands Intern | Stock-Consumer Disc | 2.80% | -1.84% | -19.84% | |
| 15 | UNP | Union Pacific CORP | Stock-Industrials | 2.71% | -1.96% | -32.62% | |
| 16 | FTRE | Fortrea Holdings Inc | Stock-Healthcare | 1.59% | -0.15% | -35.65% | |
| 17 | MSFT | Microsoft CORP | Stock-Tech | 1.50% | -0.44% | — | |
| 18 | FWONK | Liberty Media Corp-formula-c | Stock-Comm Services | 1.16% | +1.16% | NEW | |
| 19 | ONT | Onterris Inc | Stock-Other | 1.09% | +1.09% | NEW | |
| 20 | FWONA | Liberty Media Corp-formula-a | Stock-Other | 0.85% | +0.85% | NEW | |
| 21 | LLYVK | Liberty Live Holdings-c | Stock-Other | 0.10% | -0.02% | — | |
| 22 | NVDA | Nvidia CORP | Stock-Tech | 0.10% | -0.01% | — | |
| 23 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.04% | — | — | |
| 24 | FLYX-WS | Eg Acquisition Corp-a -cw28 | Stock-Other | — | — | — |
Portfolio Performance
Performance for Q3 2026
+11.7%
Performance Last 4 Quarters
+32.1%
- Stdev
- +18.4%
- Beta
- +1.04
- Alpha
- +1.8%
- Max Drawdown
- -15.7%
- Annualized Perf
- +23.2%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +2.43
- Stutzer
- +0.36
- Treynor
- +0.22
- Sterling
- +1.11
- Calmar
- +1.47
- Information Ratio
- +0.21
- Tracking Error
- +12.5%
- Stdev Down
- +9.3%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +42.9%
- Worst 12 Months
- -3.8%
- Efficiency Ratio
- +0.51
- Sharpe
- +1.23
- Stdev Sectors
- +10.1%
- Skewness
- -0.06
- Kurtosis
- -1.06
- Upside Potential
- +4.29
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 25 | $3.3B | 40 | ||
| 2026 Q1 | 25 | $2.5B | 32 | ||
| 2025 Q4 | 27 | $3.3B | 36 | ||
| 2025 Q3 | 32 | $3.0B | 84 | ||
| 2025 Q2 | 30 | $2.4B | 0 | ||
| 2025 Q1 | 34 | $2.6B | 100 | ||
| 2024 Q4 | 37 | $3.6B | 0 | ||
| 2024 Q3 | 31 | $2.6B | 0 | ||
| 2024 Q2 | 35 | $2.2B | 0 | ||
| 2024 Q1 | 38 | $2.2B | 0 | ||
| 2023 Q4 | 32 | $1.9B | 0 | ||
| 2023 Q3 | 36 | $1.9B | 0 | ||
| 2023 Q2 | 35 | $2.0B | 0 | ||
| 2023 Q1 | 35 | $2.0B | 0 | ||
| 2022 Q4 | 32 | $1.9B | 0 | ||
| 2022 Q3 | 34 | $1.7B | 0 | ||
| 2022 Q2 | 36 | $1.6B | 0 | ||
| 2022 Q1 | 34 | $1.6B | 0 | ||
| 2021 Q4 | 34 | $2.4B | 0 | ||
| 2021 Q3 | 42 | $3.2B | 0 | ||
| 2021 Q2 | 37 | $3.0B | 60 | ||
| 2021 Q1 | 46 | $2.0B | 78 | ||
| 2020 Q4 | 38 | $2.8B | 86 | ||
| 2020 Q3 | 34 | $1.7B | 59 | ||
| 2020 Q2 | 29 | $1.6B | 94 | ||
| 2020 Q1 | 28 | $1.3B | 100 | ||
| 2019 Q4 | 23 | $2.2B | 90 | ||
| 2019 Q3 | 31 | $2.0B | 73 | ||
| 2019 Q2 | 35 | $2.6B | 97 | ||
| 2019 Q1 | 23 | $1.4B | 100 | ||
| 2018 Q4 | 24 | $2.7B | 100 | ||
| 2018 Q3 | 30 | $2.2B | 45 | ||
| 2018 Q2 | 28 | $2.1B | 67 | ||
| 2018 Q1 | 29 | $2.2B | 71 | ||
| 2017 Q4 | 23 | $2.1B | 57 | ||
| 2017 Q3 | 27 | $2.7B | 55 | ||
| 2017 Q2 | 35 | $3.1B | 100 | ||
| 2017 Q1 | 35 | $3.6B | 100 | ||
| 2016 Q4 | 39 | $5.8B | 0 | ||
| 2016 Q3 | 30 | $5.3B | 100 | ||
| 2016 Q2 | 33 | $7.4B | 0 | ||
| 2016 Q1 | 21 | $6.1B | 44 | ||
| 2015 Q4 | 34 | $7.5B | 59 | ||
| 2015 Q3 | 37 | $8.5B | 56 | ||
| 2015 Q2 | 40 | $9.1B | 59 | ||
| 2015 Q1 | 40 | $8.3B | 55 | ||
| 2014 Q4 | 41 | $8.2B | 58 | ||
| 2014 Q3 | 47 | $8.3B | 60 | ||
| 2014 Q2 | 44 | $8.4B | 57 | ||
| 2014 Q1 | 57 | $7.1B | 78 | ||
| 2013 Q4 | 57 | $4.8B | 81 | ||
| 2013 Q3 | 64 | $5.4B | 61 | ||
| 2013 Q2 | 61 | $5.3B | 0 |
Holding changes this quarter
Corvex Management LP's most significant position changes for 2026-06-30: New buy: Vistra CORP (VST); New buy: Planet Fitness Inc - Cl A (PLNT); New buy: Liberty Media Corp-formula-c (FWONK); New buy: Onterris Inc (ONT); Sold out: Costar Group Inc (CSGP).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | META | Meta Platforms Inc-class A | +6.5% | +15733.33% | Add |
| 2 | VST | Vistra CORP | +4.9% | NEW | New buy |
| 3 | PLNT | Planet Fitness Inc - Cl A | +3% | NEW | New buy |
| 4 | VSTS | Vestis CORP | +2.6% | — | Unchanged |
| 5 | WGS | Genedx Holdings CORP | +1.8% | +48.21% | Add |
| 6 | FWONK | Liberty Media Corp-formula-c | +1.2% | NEW | New buy |
| 7 | ONT | Onterris Inc | +1.1% | NEW | New buy |
| 8 | FWONA | Liberty Media Corp-formula-a | +0.9% | NEW | New buy |
| 9 | TSLA | Tesla Inc | — | — | Unchanged |
| 10 | LAB | Standard Biotools Inc | — | EXIT | Sold out |
| 11 | FLYX-WS | Eg Acquisition Corp-a -cw28 | — | — | Unchanged |
| 12 | NVDA | Nvidia CORP | 0% | — | Unchanged |
| 13 | LLYVK | Liberty Live Holdings-c | 0% | — | Unchanged |
| 14 | IWM | Ishares Russell 2000 ETF | -0.1% | EXIT | Sold out |
| 15 | AMBP | Ardagh Metal Packaging S.A. | -0.1% | EXIT | Sold out |
| 16 | MGM | Mgm Resorts International | -0.1% | — | Unchanged |
| 17 | CRM | Salesforce Inc | -0.1% | EXIT | Sold out |
| 18 | FTRE | Fortrea Holdings Inc | -0.2% | -35.65% | Trim |
| 19 | MSFT | Microsoft CORP | -0.4% | — | Unchanged |
| 20 | LLYVA | Liberty Live Holdings-a | -0.6% | — | Unchanged |
| 21 | LION | Lionsgate Studios CORP | -0.6% | EXIT | Sold out |
| 22 | AMZN | Amazon.com Inc | -0.7% | +2.61% | Add |
| 23 | CX | Cemex Sab-spons Adr Part Cer | -0.9% | -3.31% | Trim |
| 24 | CSGP | Costar Group Inc | -1.4% | EXIT | Sold out |
| 25 | PPLI | People Inc | -1.4% | -16.73% | Trim |
| 26 | QSR | Restaurant Brands Intern | -1.8% | -19.84% | Trim |
| 27 | DIS | Walt Disney Co/the | -1.9% | — | Unchanged |
| 28 | UNP | Union Pacific CORP | -2% | -32.62% | Trim |
| 29 | ILMN | Illumina Inc | -3.6% | -26.09% | Trim |
| 30 | SWX | Southwest Gas Holdings Inc | -6.2% | -25.70% | Trim |
Filing History
FAQ
What is Corvex Management LP and what type of investor is it?
Corvex Management LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $3.3B, spread across 25 disclosed positions.
What are Corvex Management LP's largest equity positions?
Based on the latest 13F filing, Corvex Management LP's top holdings by market value are:
1. Illumina Inc (ILMN) — $497.7M (15.2%)
2. Genedx Holdings CORP (WGS) — $328.5M (10.0%)
3. Vestis CORP (VSTS) — $287.7M (8.8%)
4. Southwest Gas Holdings Inc (SWX) — $284.5M (8.7%)
5. Mgm Resorts International (MGM) — $255.7M (7.8%)
What changes did Corvex Management LP make in its most recent portfolio filing?
In the latest reported quarter, Corvex Management LP made 21 notable position adjustments: 5 new positions were initiated, 3 existing holdings were added to, 7 positions were partially reduced, and 6 were completely exited. The largest of these moves: New buy: Vistra CORP (VST); New buy: Planet Fitness Inc - Cl A (PLNT); New buy: Liberty Media Corp-formula-c (FWONK); New buy: Onterris Inc (ONT); Sold out: Costar Group Inc (CSGP)
What sectors does Corvex Management LP focus on?
Corvex Management LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 27.8%
• Communication Services: 24.6%
• Health Care: 23.0%
• Utilities: 18.7%
• Industrials: 3.7%
• Information Technology: 2.2%
Investment Profile
Corvex Management LP returned an annualized 23.2% over the trailing 36 months — outperforming the S&P 500 by 1.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.04 (roughly in line with the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has risen from 0 to 40 over the past 4 quarters — a shift toward more active trading.
It has added to its VSTS position over the past two quarters (+$155.5M, now $287.7M), while trimming UNP over the same stretch (-$185.7M, still holding $88.8M).
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Developer Access
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