Corvex Management LP
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 31 quarters, returned +4.6% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 61.3% of quarters (excess t = 0.53, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 25 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| ILMN | $472M | | HOLD |
| SWX | $375M | | TRIM |
| DIS | $208M | | ADD |
| WGS | $207M | | ADD |
| MGM | $198M | | HOLD |
| AMZN | $184M | | TRIM |
| VSTS | $156M | | HOLD |
| PPLI | $134M | | HOLD |
| UNP | $118M | | TRIM |
| QSR | $117M | | TRIM |
| CX | $98M | | HOLD |
| LLYVA | $92M | | HOLD |
| MSFT | $49M | | TRIM |
| FTRE | $44M | | ADD |
| CSGP | $34M | | NEW |
| LION | $16M | | NEW |
| LLYVK | $3M | | HOLD |
| NVDA | $3M | | HOLD |
| CRM | $3M | | HOLD |
| META | $1M | | HOLD |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.