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CORVEX MANAGEMENT LP

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NEW YORK NY Investment Advisor Hedge Fund Activist Investor
13F Summary

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WhaleScore 2.0 ?

85

S&P 500
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WhaleScore 1.0 ?

Corvex Management is based out of New York. Corvex Management is a hedge fund with 10 clients and discretionary assets under management (AUM) of $4,048,245,457 (Form ADV from 2025-03-28). Their last reported 13F filing for Q1 2025 included $2,642,395,717 in managed 13F securities and a top 10 holdings concentration of 70.4%. Corvex Management's largest holding is Southwest Gas Holdings Inc with shares held of 4,769,098. Whalewisdom has at least 58 13F filings, 116 13D filings, 15 13G filings, and 2 Form 4 filings
Business Description
Corvex's investment personnel meet regularly to monitor client funds, which are subject to constant supervision and review by Corvex’s investment professionals. Investors receive audited financial statements annually, unaudited performance data quarterly, and monthly investor statements. The firm does not receive economic benefits from non-clients for advisory services, nor does it receive client referrals from broker-dealers, although personnel may participate in conferences that introduce potential investors. Potential conflicts of interest may arise from investments in Principal Sponsored SPACs, investments structured through other client funds or pooling vehicles, differing levels of investment in various clients, or varying fee levels paid by clients. The firm ensures that no client bears two levels of management fees or performance-based compensation when structuring investments through other client funds. An Advisory Committee may be consulted regarding conflicts of interest related to Principal Sponsored SPACs.
Investment Strategy
Corvex employs a fundamental, event-driven investment process. This approach relies on in-depth analysis of a company’s business, credit, and market conditions, along with credit structure analysis and the identification of investment catalysts. Their analysis is derived from various sources, including annual reports, public filings, company interactions, industry experts, and financial publications. Corvex also uses a team approach to develop its own fundamental views and understand market expectations. Corvex applies its investment strategy across a range of securities, including long and short equities, options, bonds, credit default swaps, bank debt, warrants, swaps, currencies, commodities, and derivative products. They often seek to be active investors, collaborating with portfolio companies to create investment opportunities. Corvex may also structure investments through other client funds or pooling vehicles, which could create potential conflicts of interest.
Owners
  • MEISTER CAPITAL MANAGEMENT LLC - GENERAL PARTNER
  • MEISTER, KEITH, ARLYN - MANAGING PARTNER
  • DOOLEY, PATRICK, JOSEPH - GENERAL COUNSEL, CHIEF LEGAL OFFICER, & CHIEF COMPLIANCE OFFICER
  • BEMBENEK, GARRETT, THOMAS - CHIEF OPERATIONS OFFICER
  • EMES, BRIAN, EDWARD - CHIEF FINANCIAL OFFICER
  • Click on the Ownership/Private Fund Data tab for more details.
Other Contact Information
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2025-03-31

Top Buys (13F)

2025-03-31

Top Sells (13F)

2025-03-31

13F Holdings Summary

Name $ Change
SWX Southwest Gas Holdin 12.96%
ILMN Illumina Inc 11.5%
DLTR Dollar Tree Inc 9.12%
WGS GeneDx Holdings Corp 8.29%
MGM MGM Resorts Internat 6.38%

2025-03-31

13F Activity

Market Value $2.64b, Prior: $3.63b
Inflows (Outflows) as % of Total MV (-17.783)%
New Purchases 5 stocks
Added To 5 stocks
Sold out of 8 stocks
Reduced holdings in 6 stocks
Top 10 Holdings % 70.4%
Turnover %[1] 30.95%
Turnover Alt %[2] 15.96%
Time Held Top 20 5.1 quarters
Time Held Top 10 6.3 quarters
Time Held All 6.79 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2025-03-31

13F Sector Allocation Over Time

limited to past 4 quarters. Subscribe to see all available data

2025-03-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31

Portfolio Performance