In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Corvex Management LP reported 24 stock positions worth $2.5 billion . Its top holding was Illumina (ILMN) at 18.8% of the portfolio, followed by Southwest Gas (SWX, 14.9% ) and Walt Disney (DIS, 8.3% ). Compared with Q4 2025, it opened 3 new positions, sold out of 2, added to 3 and reduced 8. The biggest buy was a new position in Costar (CSGP) and the biggest sale an exit from Oracle (ORCL).
Location NEW YORK, NY
CIK 0001535472
Portfolio Value $2.5B (Q1 2026) Holdings 24 stocks · $2.5B 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 Q4 2025 ILMN Illumina Inc. 3,829,608 $472.0M No change SWX Southwest Gas Holdings Inc. 4,318,161 $375.2M Reduce -14.2% DIS The Walt Disney Co. filed as DISNEY WALT CO 2,160,581 $208.2M Add +11.2% WGS Genedx Holdings Corp. 3,228,149 $207.3M Add +5.5% MGM MGM Resorts International 5,347,978 $197.9M Reduce -0.7% AMZN Amazon.com Inc. 882,732 $183.8M Reduce -10.2% VSTS Vestis Corp. 19,813,963 $155.7M No change PPLI People Inc. filed as IAC INC 3,355,075 $134.3M No change UNP Union Pacific Corp. 484,330 $117.5M Reduce -29.4% QSR Restaurant Brands Intern 1,578,254 $116.6M Reduce -34.5% CX Cemex Sab-Spons ADR Part Cer 8,600,275 $98.4M No change LLYVA Liberty Live Holdings Class A 1,005,434 $92.1M No change MSFT Microsoft Corp. 131,661 $48.7M Reduce -24.2% FTRE Fortrea Holdings Inc. 4,644,193 $43.7M Add +3.0% CSGP Costar Group Inc. 851,734 $34.4M New LION Lionsgate Studios Corp. 1,622,551 $15.6M New LLYVK Liberty Live Holdings Class C 32,322 $3.0M No change NVDA Nvidia Corp. 16,250 $2.8M No change CRM Salesforce Inc. 14,500 $2.7M No change META Meta Platforms Inc. Class A 2,400 $1.4M No change IWM iShares Russell 2000 ETF 5,000 $1.2M New AMBP Ardagh Metal Packaging SA 280,854 $1.1M Reduce -29.6% TSLA Tesla Inc. 2,850 $1.1M No change LAB Standard Biotools Inc. 44,340 $41K Reduce -0.1%
Other holdings (1): bonds, preferreds, convertibles and warrants · $48K (not counted above) Security Class Shares / Principal Value Change FLYX.WS Eg Acquisition Corp.-A -CW28 *W EXP 99/99/999 200,827 $48K No change
Total filed on the 13F, all lines: $2.5B.
Portfolio Sells Q4 2025 → Q1 2026 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 Q4 2025 % Of Portfolio Change To Portfolio ▲ ORCL Oracle Corp. Sold out 0.00% −2.61 AQN Algonquin Power & Utilities Sold out 0.00% −1.26 MSFT Microsoft Corp. Reduce -24.2% 1.94% −0.86 QSR Restaurant Brands Intern Reduce -34.5% 4.64% −0.83 UNP Union Pacific Corp. Reduce -29.4% 4.67% −0.61 AMZN Amazon.com Inc. Reduce -10.2% 7.31% −0.23 AMBP Ardagh Metal Packaging SA Reduce -29.6% 0.05% −0.01 LAB Standard Biotools Inc. Reduce -0.1% 0.00% −0.00 MGM MGM Resorts International Reduce -0.7% 7.87% +1.33 SWX Southwest Gas Holdings Inc. Reduce -14.2% 14.92% +1.53
Portfolio Buys Q4 2025 → Q1 2026 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 Q4 2025 % Of Portfolio Change To Portfolio ▼ CSGP Costar Group Inc. New 1.37% +1.37 DIS The Walt Disney Co. Add +11.2% 8.28% +0.93 LION Lionsgate Studios Corp. New 0.62% +0.62 IWM iShares Russell 2000 ETF New 0.05% +0.05 FTRE Fortrea Holdings Inc. Add +3.0% 1.74% −0.85 WGS Genedx Holdings Corp. Add +5.5% 8.24% −4.99
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ UNP Union Pacific Corp. call Sold out 500,000 $115.7Mbefore exit QQQ Invesco QQQ Trust Series 1 put Sold out 150,000 $92.1Mbefore exit DIS The Walt Disney Co. call Sold out 500,000 $56.9Mbefore 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