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Hedge fund

Corvex Management LP

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1535472

Reported value
$3.2bn
93% in companies we cover
Positions we cover
20
Largest ILMN 15.5%
Copy, a year
+11.9%
S&P 500 +14.1%
Copy Sharpe ratio
0.49
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$44.1k
CopyS&P 500 $10,000 copying Corvex Management LP's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −61.9% (S&P 500 −31.8%); beta 1.30; alpha −3.7% a year (t = −0.90); last 12 months +24.9% against +12.1%.

Reported value by quarter

Corvex Management LP: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $500B $1T $1.5T $2T Reported value, 2013-06-30: $3.8B Reported value, 2013-09-30: $4.3B Reported value, 2013-12-31: $4B Reported value, 2014-03-31: $6.4B Reported value, 2014-06-30: $7.2B Reported value, 2014-09-30: $7.2B Reported value, 2014-12-31: $7.1B Reported value, 2015-03-31: $7.5B Reported value, 2015-06-30: $9B Reported value, 2015-09-30: $8B Reported value, 2015-12-31: $6.8B Reported value, 2016-03-31: $6B Reported value, 2016-06-30: $69.7M Reported value, 2016-09-30: $5.3B Reported value, 2016-12-31: $53.6M Reported value, 2017-03-31: $3.4B Reported value, 2017-06-30: $2.6B Reported value, 2017-09-30: $2.4B Reported value, 2017-12-31: $1.9B Reported value, 2018-03-31: $1.8B Reported value, 2018-06-30: $1.9B Reported value, 2018-09-30: $1.9B Reported value, 2018-12-31: $1.1B Reported value, 2019-03-31: $1.2B Reported value, 2019-06-30: $1.5B Reported value, 2019-09-30: $1.5B Reported value, 2019-12-31: $1.4B Reported value, 2020-03-31: $948.5M Reported value, 2020-06-30: $1.4B Reported value, 2020-09-30: $1.6B Reported value, 2020-12-31: $2.1B Reported value, 2021-03-31: $2B Reported value, 2021-06-30: $2.2B Reported value, 2021-09-30: $2.3B Reported value, 2021-12-31: $2.1B Reported value, 2022-03-31: $1.4B Reported value, 2022-06-30: $1.5B Reported value, 2022-09-30: $1.6B Reported value, 2022-12-31: $1.5T Reported value, 2023-03-31: $1.7B Reported value, 2023-06-30: $1.8B Reported value, 2023-09-30: $1.8B Reported value, 2023-12-31: $1.9B Reported value, 2024-03-31: $2B Reported value, 2024-06-30: $2.1B Reported value, 2024-09-30: $2.4B Reported value, 2024-12-31: $24.9M Reported value, 2025-03-31: $2.6B Reported value, 2025-06-30: $2.4B Reported value, 2025-09-30: $2.8B Reported value, 2025-12-31: $3B Reported value, 2026-03-31: $2.5B Reported value, 2026-06-30: $3.2B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $3.2B
View chart data
Period Reported value
2013-06-30 $3.8B
2013-09-30 $4.3B
2013-12-31 $4B
2014-03-31 $6.4B
2014-06-30 $7.2B
2014-09-30 $7.2B
2014-12-31 $7.1B
2015-03-31 $7.5B
2015-06-30 $9B
2015-09-30 $8B
2015-12-31 $6.8B
2016-03-31 $6B
2016-06-30 $69.7M
2016-09-30 $5.3B
2016-12-31 $53.6M
2017-03-31 $3.4B
2017-06-30 $2.6B
2017-09-30 $2.4B
2017-12-31 $1.9B
2018-03-31 $1.8B
2018-06-30 $1.9B
2018-09-30 $1.9B
2018-12-31 $1.1B
2019-03-31 $1.2B
2019-06-30 $1.5B
2019-09-30 $1.5B
2019-12-31 $1.4B
2020-03-31 $948.5M
2020-06-30 $1.4B
2020-09-30 $1.6B
2020-12-31 $2.1B
2021-03-31 $2B
2021-06-30 $2.2B
2021-09-30 $2.3B
2021-12-31 $2.1B
2022-03-31 $1.4B
2022-06-30 $1.5B
2022-09-30 $1.6B
2022-12-31 $1.5T
2023-03-31 $1.7B
2023-06-30 $1.8B
2023-09-30 $1.8B
2023-12-31 $1.9B
2024-03-31 $2B
2024-06-30 $2.1B
2024-09-30 $2.4B
2024-12-31 $24.9M
2025-03-31 $2.6B
2025-06-30 $2.4B
2025-09-30 $2.8B
2025-12-31 $3B
2026-03-31 $2.5B
2026-06-30 $3.2B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
ILMNIllumina, Inc.15.46%$497.7m2.83M−26.1% Reduced
WGSGenedx Holdings Corp.10.21%$328.5m4.78M+48.2% Added
VSTSVestis Corp8.94%$287.7m19.81M0.0%
SWXSouthwest Gas Holdings, Inc.8.84%$284.5m3.21M−25.7% Reduced
MGMMGM Resorts7.95%$255.7m5.35M0.0%
AMZNAmazon6.71%$215.9m905.7K+2.6% Added
DISThe Walt Disney Company6.46%$208.0m2.16M0.0%
VSTVistra Corp.5.03%$161.8m1.02MNew
METAMeta Platforms4.90%$157.7m280.0K+11566.7% Added
PPLIPeople Inc4.01%$129.0m2.79M−16.7% Reduced
PLNTPlanet Fitness, Inc.3.07%$98.8m1.89MNew
QSRRestaurant Brands International Inc.2.85%$91.7m1.27M−19.8% Reduced
UNPUnion Pacific Corporation2.76%$88.8m326.3K−32.6% Reduced
FTREFortrea Holdings Inc.1.62%$52.0m2.99M−35.6% Reduced
MSFTMicrosoft Corporation1.53%$49.1m131.7K0.0%
FWONKLiberty Media Corp1.19%$38.1m400.9KNew
ONTOnterris, Inc.1.11%$35.8m1.77MNew
LLYVKLiberty Live Holdings, Inc.0.11%$3.4m32.3K0.0%
NVDANVIDIA Corporation0.10%$3.3m16.3K0.0%
TSLATesla, Inc.0.04%$1.2m2.9K0.0%
CompanyBought (value)Shares
VSTVistra Corp.$161.8m1.02M
METAMeta Platforms$156.4m277.6K
WGSGenedx Holdings Corp.$106.8m1.56M
PLNTPlanet Fitness, Inc.$98.8m1.89M
FWONKLiberty Media Corp$38.1m400.9K
ONTOnterris, Inc.$35.8m1.77M
AMZNAmazon$5.5m23.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
ILMNIllumina, Inc.−$175.7m−999.1K
SWXSouthwest Gas Holdings, Inc.−$98.4m−1.11M
UNPUnion Pacific Corporation−$43.0m−158.0K
CSGPCoStar Group−$34.4m−851.7K
FTREFortrea Holdings Inc.−$28.8m−1.66M
PPLIPeople Inc−$25.9m−561.4K
QSRRestaurant Brands International Inc.−$22.7m−313.1K
LIONLionsgate Studios Corp.−$15.6m−1.62M
CRMSalesforce−$2.7m−14.5K
AMBPArdagh Metal Packaging S.a.−$1.1m−280.9K
LABStandard Biotools Inc.−$40,762−44.3K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
CSGPCoStar Group$34.4m851.7K
LIONLionsgate Studios Corp.$15.6m1.62M
CRMSalesforce$2.7m14.5K
AMBPArdagh Metal Packaging S.a.$1.1m280.9K
LABStandard Biotools Inc.$40,76244.3K
  • Health Care29.4%
  • Consumer Discretionary22.2%
  • Communication Services17.9%
  • Utilities14.9%
  • Industrials13.8%
  • Technology1.8%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+11.9%+14.1%0.490.78−61.9%1.30
2018 onwardsJanuary 5, 2018 to November 2, 2026+10.7%+13.9%0.400.66−61.9%1.33
Last three yearsNovember 3, 2023 to November 2, 2026+24.7%+21.8%1.061.16−24.7%0.86
Last yearNovember 7, 2025 to November 2, 2026+24.0%+14.2%1.040.84−14.8%0.65

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.