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Funds (13F)

Corvex Management LP

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+11.9%
S&P 500 +14.1%
Last 12 months
+24.9%
S&P 500 +12.1%
Sharpe ratio
0.49
S&P 500 0.78
Biggest drop
−61.9%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$44.1k
Corvex Management LPS&P 500 $10,000 in Corvex Management LP from 16 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Corvex Management LP's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Corvex Management LP's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+11.9%+14.1%
Total return+341%+470%
Last 12 months+24.9%+12.1%
Last 3 months+2.9%—
Last month−2.4%—
This year so far+16.6%—
Volatility a year25.6%16.0%
Sharpe ratio0.490.78
Biggest drop−61.9%−31.8%
Beta to the S&P 5001.301.00
Alpha a year (t-statistic)−3.7% (−0.90)—
Share of weeks up55%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
ILMN16.6%——
WGS11.0%——
VSTS9.6%——
SWX9.5%——
MGM8.6%——
AMZN7.2%——
DIS7.0%——
VST5.4%——
META5.3%——
PPLI4.3%——
PLNT3.3%——
QSR3.1%——
UNP3.0%——
FTRE1.7%——
MSFT1.6%——
FWONK1.3%——
ONT1.2%——
LLYVK0.1%——
NVDA0.1%——
TSLA0.0%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+11.9%+14.1%0.490.78−61.9%1.30−3.7% (−0.90)
2018 onwards5 Jan 2018 to 2 Nov 2026+10.7%+13.9%0.400.66−61.9%1.33−4.2% (−0.79)
Last three years3 Nov 2023 to 2 Nov 2026+24.7%+21.8%1.061.16−24.7%0.86+5.3% (0.67)
Last year7 Nov 2025 to 2 Nov 2026+24.0%+14.2%1.040.84−14.8%0.65+12.5% (0.75)
DateCompanyAction
21 Aug 2026VSTBought
21 Aug 2026PLNTBought
21 Aug 2026ONTBought
21 Aug 2026FWONKBought
22 May 2026LIONBought
22 May 2026CSGPBought
20 Feb 2026LLYVKBought
21 Nov 2025UNPBought
21 Nov 2025DISBought
21 Nov 2025CRMBought
15 Aug 2025QSRBought
15 Aug 2025ORCLBought
16 May 2025UGIBought
16 May 2025TSMBought
16 May 2025SREBought
15 Nov 2024FTREBought
15 Nov 2024DLTRBought
15 Nov 2024APDBought
16 Aug 2024WGSBought
16 Aug 2024VSTSBought
16 Aug 2024TSLABought
16 Aug 2024SWXBought
16 Aug 2024RVMDBought
16 Aug 2024PPLIBought
16 Aug 2024NVDABought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026LIONSold
21 Aug 2026LABSold
21 Aug 2026CSGPSold
21 Aug 2026CRMSold
21 Aug 2026AMBPSold
22 May 2026ORCLSold
22 May 2026AQNSold
20 Feb 2026MDUSold
20 Feb 2026DLTRSold
21 Nov 2025SRESold
21 Nov 2025NSCSold
21 Nov 2025LNGSold
21 Nov 2025GOOGLSold
21 Nov 2025CSXSold
15 Aug 2025UGISold
15 Aug 2025TSMSold
16 May 2025HXLSold
16 May 2025CRMSold
16 May 2025CCEPSold
16 May 2025APDSold
15 Nov 2024RVMDSold
15 Nov 2024GRALSold
15 Nov 2024CAESold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest