Corvex Management LP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Corvex Management LP reported 32 stock positions worth $2.1 billion. Its top holding was Southwest Gas (SWX) at 15.9% of the portfolio, followed by MGM Resorts International (MGM, 12.3%) and Mdu Resources (MDU, 12.0%). Compared with Q1 2024, it opened 3 new positions, sold out of 3, added to 7 and reduced 2. The biggest buy was Vestis (VSTS, shares +411%) and the biggest sale an exit from Tko (TKO).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001535472
Portfolio Value
$2.1B (Q2 2024)
SEC Filing
0001011438-24-000460 ↗ filed Aug 14, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.0B Q1 2024 Q2 2024: $2.1B $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 32 stocks · $2.1B
SWX Southwest Gas Holdings Inc. 15.85% 4,769,098 $335.6M No change
MGM MGM Resorts International 12.30% 5,859,478 $260.4M Reduce -2.3%
MDU Mdu Resources Group Inc. 12.03% 10,147,041 $254.7M No change
ILMN Illumina Inc. 11.29% 2,289,486 $239.0M Add +127.8%
VSTS Vestis Corp. 9.83% 17,007,877 $208.0M Add +411.0%
AMZN Amazon.com Inc. 4.72% 517,629 $100.0M No change
GOOGL Alphabet Inc. Class A 4.42% 513,209 $93.5M Add +6.9%
MSFT Microsoft Corp. 3.67% 173,661 $77.6M No change
WGS Genedx Holdings Corp. 3.05% 2,473,781 $64.7M No change
PPLI People Inc. filed as IAC INC 2.80% 1,266,517 $59.3M No change
LLYVA Liberty Media Corp.-Liberty-A 2.76% 1,558,332 $58.5M No change
CCEP Coca-Cola Europacific Partne 2.75% 799,325 $58.2M No change
NSC Norfolk Southern Corp. 2.45% 242,057 $52.0M Add +37.8%
FMX Fomento Economico Mex-SP ADR 2.06% 405,150 $43.6M Add +26.9%
KOF Coca-Cola Femsa Sab-SP ADR 1.81% 446,177 $38.3M Reduce -19.2%
LLYVK Liberty Media Corp.-Liberty-C 1.67% 925,378 $35.4M No change
CSX CSX Corp. 1.64% 1,037,268 $34.7M No change
HXL Hexcel Corp. 1.44% 487,213 $30.4M New
LNG Cheniere Energy Inc. 1.06% 128,000 $22.4M New
CAE Cae Inc. 0.91% 1,037,551 $19.3M New
LSXMA Liberty Media Corp. Class A New 0.39% 369,460 $8.2M No change
AQN Algonquin Power & Utilities 0.28% 1,011,946 $5.9M No change
GRAL Grail Inc. 0.27% 378,378 $5.8M Add +125.5%
LSXMK Liberty Media Corp.-Liber-New 0.20% 192,258 $4.3M No change
NVDA Nvidia Corp. 0.09% 16,250 $2.0M No change
AMBP Ardagh Metal Packaging SA 0.06% 398,835 $1.4M No change
META Meta Platforms Inc. Class A 0.06% 2,400 $1.2M No change
IWM iShares Russell 2000 ETF 0.04% 4,000 $812K Add +60.0%
CRM Salesforce Inc. 0.04% 3,032 $780K No change
TSLA Tesla Inc. 0.03% 2,850 $564K No change
RVMD Revolution Medicines Inc. 0.02% 11,698 $454K No change
LAB Standard Biotools Inc. 0.00% 44,400 $79K No change

Options reported separately and not counted above: ILMN calls ($37.2M), LYV calls ($9.4M).

Other holdings (1): bonds, preferreds, convertibles and warrants · $111K (not counted above)
SecurityClassShares / PrincipalValueChange
FLYX.WS Eg Acquisition Corp.-A -CW28 *W EXP 99/99/999 200,832$111KNo change

Total filed on the 13F, all lines: $2.1B.

Portfolio Sells Q1 2024 → Q2 2024
TKO Tko Group Holdings Inc. Sold out 0.00% −3.52
KKR KKR & Co. Inc. Sold out 0.00% −3.27
MGM MGM Resorts International Reduce -2.3% 12.30% −2.09
APD Air Products & Chemicals Inc. Sold out 0.00% −1.59
KOF Coca-Cola Femsa Sab-SP ADR Reduce -19.2% 1.81% −0.92

Portfolio Buys Q1 2024 → Q2 2024
VSTS Vestis Corp. Add +411.0% 9.83% +6.57
ILMN Illumina Inc. Add +127.8% 11.29% +4.28
HXL Hexcel Corp. New 1.44% +1.44
LNG Cheniere Energy Inc. New 1.06% +1.06
CAE Cae Inc. New 0.91% +0.91
GOOGL Alphabet Inc. Class A Add +6.9% 4.42% +0.73
NSC Norfolk Southern Corp. Add +37.8% 2.45% +0.18
GRAL Grail Inc. Add +125.5% 0.27% +0.14
IWM iShares Russell 2000 ETF Add +60.0% 0.04% +0.01
FMX Fomento Economico Mex-SP ADR Add +26.9% 2.06% −0.05

Options Activity Q1 2024 → Q2 2024
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 200,000 $104.6Mbefore exit
ILMN Illumina Inc. call New 356,000 $37.2M
BX Blackstone Inc. put Sold out 250,000 $32.8Mbefore exit
GOOGL Alphabet Inc. Class A call Sold out 200,000 $30.2Mbefore exit
EDR Endeavor Group Hold Class A put Sold out 520,900 $13.4Mbefore exit
LYV Live Nation Entertainment Inc. call New 100,000 $9.4M
M Macy's Inc. put Sold out 181,900 $3.6Mbefore exit
X United States Steel Corp. put Sold out 68,500 $2.8Mbefore exit

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