In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Corvex Management LP reported 29 stock positions worth $2.4 billion . Its top holding was Southwest Gas (SWX) at 14.4% of the portfolio, followed by Illumina (ILMN, 12.2% ) and Mdu Resources (MDU, 11.4% ). Compared with Q2 2024, it opened 3 new positions, sold out of 6, added to 4 and reduced 2. The biggest buy was a new position in Dollar Tree (DLTR) and the biggest sale MGM Resorts International (MGM, shares −2% ).
Location NEW YORK, NY
CIK 0001535472
Portfolio Value $2.4B (Q3 2024) Holdings 29 stocks · $2.4B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2024 SWX Southwest Gas Holdings Inc. 4,769,098 $351.8M No change ILMN Illumina Inc. 2,280,798 $297.4M Reduce -0.4% MDU Mdu Resources Group Inc. 10,147,041 $278.1M No change VSTS Vestis Corp. 17,007,877 $253.4M No change MGM MGM Resorts International 5,738,478 $224.3M Reduce -2.1% GOOGL Alphabet Inc. Class A 643,209 $106.7M Add +25.3% WGS Genedx Holdings Corp. 2,473,781 $105.0M No change AMZN Amazon.com Inc. 517,629 $96.4M No change PPLI People Inc. filed as IAC INC 1,489,495 $80.2M Add +17.6% DLTR Dollar Tree Inc. 1,130,974 $79.5M New LLYVA Liberty Media Corp.-Liberty-A 1,558,332 $77.2M No change MSFT Microsoft Corp. 173,661 $74.7M No change NSC Norfolk Southern Corp. 272,831 $67.8M Add +12.7% CCEP Coca-Cola Europacific Partne 799,325 $62.9M No change LLYVK Liberty Media Corp.-Liberty-C 925,378 $47.5M No change FTRE Fortrea Holdings Inc. 2,220,742 $44.4M New FMX Fomento Economico Mex-SP ADR 405,150 $40.0M No change KOF Coca-Cola Femsa Sab-SP ADR 446,177 $39.6M No change CSX CSX Corp. 1,037,268 $35.8M No change HXL Hexcel Corp. 487,213 $30.1M No change LNG Cheniere Energy Inc. 128,000 $23.0M No change AQN Algonquin Power & Utilities 3,041,626 $16.6M Add +200.6% APD Air Products & Chemicals Inc. 8,700 $2.6M New NVDA Nvidia Corp. 16,250 $2.0M No change AMBP Ardagh Metal Packaging SA 398,835 $1.5M No change META Meta Platforms Inc. Class A 2,400 $1.4M No change CRM Salesforce Inc. 3,032 $830K No change TSLA Tesla Inc. 2,850 $746K No change LAB Standard Biotools Inc. 44,400 $86K No change
Options reported separately and not counted above: IWM puts ($132.5M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $64K (not counted above) Security Class Shares / Principal Value Change FLYX.WS Eg Acquisition Corp.-A -CW28 *W EXP 99/99/999 200,832 $64K No change
Total filed on the 13F, all lines: $2.4B.
Portfolio Sells Q2 2024 → Q3 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▲ MGM MGM Resorts International Reduce -2.1% 9.19% −3.11 CAE Cae Inc. Sold out 0.00% −0.91 LSXMA Liberty Media Corp. Class A New Sold out 0.00% −0.39 GRAL Grail Inc. Sold out 0.00% −0.27 LSXMK Liberty Media Corp.-Liber-New Sold out 0.00% −0.20 IWM iShares Russell 2000 ETF Sold out 0.00% −0.04 RVMD Revolution Medicines Inc. Sold out 0.00% −0.02 ILMN Illumina Inc. Reduce -0.4% 12.18% +0.89
Portfolio Buys Q2 2024 → Q3 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▼ DLTR Dollar Tree Inc. New 3.26% +3.26 FTRE Fortrea Holdings Inc. New 1.82% +1.82 PPLI People Inc. Add +17.6% 3.28% +0.48 AQN Algonquin Power & Utilities Add +200.6% 0.68% +0.40 NSC Norfolk Southern Corp. Add +12.7% 2.78% +0.32 APD Air Products & Chemicals Inc. New 0.11% +0.11 GOOGL Alphabet Inc. Class A Add +25.3% 4.37% −0.05
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ IWM iShares Russell 2000 ETF put New 600,000 $132.5M ILMN Illumina Inc. call Sold out 356,000 $37.2Mbefore exit LYV Live Nation Entertainment Inc. call Sold out 100,000 $9.4Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 23 $3.2B ILMN, WGS, VSTS, SWX, MGM Q1 2026 24 $2.5B ILMN, SWX, DIS, WGS, MGM Q4 2025 23 $3.0B ILMN, SWX, WGS, AMZN, DIS Q3 2025 27 $2.8B SWX, ILMN, WGS, AMZN, MGM Q2 2025 29 $2.4B SWX, ILMN, WGS, MGM, AMZN Q1 2025 31 $2.6B SWX, ILMN, DLTR, WGS, MGM Q4 2024 Amended 33 $2.7B SWX, VSTS, ILMN, DLTR, MGM Q3 2024 29 $2.4B SWX, ILMN, MDU, VSTS, MGM Q2 2024 32 $2.1B SWX, MGM, MDU, ILMN, VSTS Q1 2024 31 $2.0B SWX, MGM, MDU, ILMN, AMZN