Corvex Management LP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Corvex Management LP reported 31 stock positions worth $2.0 billion. Its top holding was Southwest Gas (SWX) at 18.4% of the portfolio, followed by MGM Resorts International (MGM, 14.4%) and Mdu Resources (MDU, 13.0%). Compared with Q4 2023, it opened 6 new positions, sold out of 5, added to 2 and reduced 5. The biggest buy was a new position in Tko (TKO) and the biggest sale an exit from Knife River (KNF).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001535472
Portfolio Value
$2.0B (Q1 2024)
SEC Filing
0001011438-24-000360 ↗ filed May 15, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.0B $2.0B Q1 2024 Q2 2024: $2.1B Q2 2024 Q3 2024: $2.4B Q3 2024 Q4 2024: $2.7B Q4 2024 Q1 2025: $2.6B Q1 2025 Q2 2025: $2.4B Q2 2025 Q3 2025: $2.8B Q3 2025 Q4 2025: $3.0B Q4 2025 Q1 2026: $2.5B Q1 2026 Q2 2026: $3.2B Q2 2026

Holdings 31 stocks · $2.0B
SWX Southwest Gas Holdings Inc. 18.44% 4,769,098 $363.1M No change
MGM MGM Resorts International 14.39% 5,998,778 $283.2M Reduce -6.6%
MDU Mdu Resources Group Inc. 12.99% 10,147,041 $255.7M No change
ILMN Illumina Inc. 7.01% 1,004,808 $138.0M Add +37.6%
AMZN Amazon.com Inc. 4.74% 517,629 $93.4M No change
MSFT Microsoft Corp. 3.71% 173,661 $73.1M No change
GOOGL Alphabet Inc. Class A 3.68% 480,209 $72.5M Add +156.6%
TKO Tko Group Holdings Inc. 3.52% 801,429 $69.3M New
PPLI People Inc. filed as IAC INC 3.43% 1,266,517 $67.6M No change
LLYVA Liberty Media Corp.-Liberty-A 3.35% 1,558,332 $66.0M No change
KKR KKR & Co. Inc. 3.27% 639,582 $64.3M Reduce -14.7%
VSTS Vestis Corp. 3.26% 3,328,409 $64.1M New
CCEP Coca-Cola Europacific Partne 2.84% 799,325 $55.9M No change
KOF Coca-Cola Femsa Sab-SP ADR 2.73% 552,432 $53.7M Reduce -16.3%
NSC Norfolk Southern Corp. 2.27% 175,614 $44.8M New
FMX Fomento Economico Mex-SP ADR 2.11% 319,150 $41.6M Reduce -58.7%
LLYVK Liberty Media Corp.-Liberty-C 2.06% 925,378 $40.6M No change
CSX CSX Corp. 1.95% 1,037,268 $38.5M Reduce -56.2%
APD Air Products & Chemicals Inc. 1.59% 129,184 $31.3M New
WGS Genedx Holdings Corp. 1.15% 2,473,781 $22.6M No change
LSXMA Liberty Media Corp. Class A New 0.56% 369,460 $11.0M No change
AQN Algonquin Power & Utilities 0.32% 1,011,946 $6.4M No change
LSXMK Liberty Media Corp.-Liber-New 0.29% 192,258 $5.7M No change
NVDA Nvidia Corp. 0.07% 1,625 $1.5M No change
AMBP Ardagh Metal Packaging SA 0.07% 398,835 $1.4M No change
META Meta Platforms Inc. Class A 0.06% 2,400 $1.2M No change
CRM Salesforce Inc. 0.05% 3,032 $913K No change
IWM iShares Russell 2000 ETF 0.03% 2,500 $526K New
TSLA Tesla Inc. 0.03% 2,850 $501K No change
RVMD Revolution Medicines Inc. 0.02% 11,698 $377K No change
LAB Standard Biotools Inc. 0.01% 44,400 $120K New

Options reported separately and not counted above: SPY puts ($104.6M), BX puts ($32.8M), GOOGL calls ($30.2M), EDR puts ($13.4M), M puts ($3.6M), X puts ($2.8M).

Other holdings (1): bonds, preferreds, convertibles and warrants · $86K (not counted above)
SecurityClassShares / PrincipalValueChange
FLYX.WS Eg Acquisition Corp.-A -CW28 *W EXP 99/99/999 200,832$86KNo change

Total filed on the 13F, all lines: $2.0B.

Portfolio Sells Q4 2023 → Q1 2024
KNF Knife River Corp. Sold out 0.00% −4.68
UBER Uber Technologies Inc. Sold out 0.00% −4.63
FMX Fomento Economico Mex-SP ADR Reduce -58.7% 2.11% −3.29
ADBE Adobe Inc. Sold out 0.00% −2.94
CSX CSX Corp. Reduce -56.2% 1.95% −2.45
EDR Endeavor Group Hold Class A Sold out 0.00% −1.08
MGM MGM Resorts International Reduce -6.6% 14.39% −1.02
KOF Coca-Cola Femsa Sab-SP ADR Reduce -16.3% 2.73% −0.62
KKR KKR & Co. Inc. Reduce -14.7% 3.27% −0.07
SLGC Somalogic Inc. Sold out 0.00% −0.01

Portfolio Buys Q4 2023 → Q1 2024
TKO Tko Group Holdings Inc. New 3.52% +3.52
VSTS Vestis Corp. New 3.26% +3.26
GOOGL Alphabet Inc. Class A Add +156.6% 3.68% +2.28
NSC Norfolk Southern Corp. New 2.27% +2.27
APD Air Products & Chemicals Inc. New 1.59% +1.59
ILMN Illumina Inc. Add +37.6% 7.01% +1.55
IWM iShares Russell 2000 ETF New 0.03% +0.03
LAB Standard Biotools Inc. New 0.01% +0.01

Options Activity Q4 2023 → Q1 2024
SPY SS SPDR S&P 500 ETF Trust-US put New 200,000 $104.6M
ILMN Illumina Inc. call Sold out 250,000 $34.8Mbefore exit
BX Blackstone Inc. put New 250,000 $32.8M
GOOGL Alphabet Inc. Class A call New 200,000 $30.2M
EDR Endeavor Group Hold Class A put New 520,900 $13.4M
M Macy's Inc. put New 181,900 $3.6M
X United States Steel Corp. put New 68,500 $2.8M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 23$3.2BILMN, WGS, VSTS, SWX, MGM
Q1 2026 24$2.5BILMN, SWX, DIS, WGS, MGM
Q4 2025 23$3.0BILMN, SWX, WGS, AMZN, DIS
Q3 2025 27$2.8BSWX, ILMN, WGS, AMZN, MGM
Q2 2025 29$2.4BSWX, ILMN, WGS, MGM, AMZN
Q1 2025 31$2.6BSWX, ILMN, DLTR, WGS, MGM
Q4 2024Amended 33$2.7BSWX, VSTS, ILMN, DLTR, MGM
Q3 2024 29$2.4BSWX, ILMN, MDU, VSTS, MGM
Q2 2024 32$2.1BSWX, MGM, MDU, ILMN, VSTS
Q1 2024 31$2.0BSWX, MGM, MDU, ILMN, AMZN