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Corvex Management LP

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13F filer, CIK 1535472, NEW YORK, NY

Corvex Management LP reported $3,015,354,880 across 32 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 76.88% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001011438-25-000574

Period
2025-09-30
Reported value
$3.02B
Holdings
32
Top 10 weight
76.88%
New
9
Sold out
7

Largest buys vs the previous quarter

SecurityShares changeApprox. value
UNPnew+677,863$160M
DISnew+1,308,000$150M
QSRadded+1,535,560$98.5M
CXnew+8,600,275$77.3M
ORCLadded+250,000$70.3M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
SREexited-1,056,110-$80M
NSCexited-297,431-$76.1M
CSXexited-1,753,068-$57.2M
DLTRreduced-440,599-$41.6M
GOOGLexited-225,709-$39.8M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001011438-25-000574, largest first. % of portfolio is the value over $2,791,974,880, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SWXSOUTHWEST GAS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,769,098 shares; 2024Q4: 4,769,098 shares; 2025Q1: 4,769,098 shares; 2025Q2: 5,030,556 shares; 2025Q3: 5,030,556 shares 5,030,556$394M14.12%0Timeline
ILMNILLUMINA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,280,798 shares; 2024Q4: 1,700,159 shares; 2025Q1: 3,829,608 shares; 2025Q2: 3,829,608 shares; 2025Q3: 3,829,608 shares 3,829,608$364M13.03%0Timeline
WGSGENEDX HOLDINGS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,473,781 shares; 2024Q4: 2,473,781 shares; 2025Q1: 2,473,781 shares; 2025Q2: 3,058,629 shares; 2025Q3: 3,058,629 shares 3,058,629$330M11.8%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 517,629 shares; 2024Q4: 565,029 shares; 2025Q1: 565,029 shares; 2025Q2: 675,029 shares; 2025Q3: 977,529 shares 977,529$215M7.69%+302,500Timeline
MGMMGM RESORTS INTERNATIONALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,738,478 shares; 2024Q4: 5,687,478 shares; 2025Q1: 5,687,478 shares; 2025Q2: 5,627,478 shares; 2025Q3: 5,385,478 shares 5,385,478$187M6.69%-242,000Timeline
UNPUNION PAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 677,863 shares 677,863$160M5.74%newTimeline
QSRRESTAURANT BRANDS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 873,183 shares; 2025Q3: 2,408,743 shares 2,408,743$154M5.53%+1,535,560Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,308,000 shares 1,308,000$150M5.36%newTimeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 99,500 shares; 2025Q3: 349,500 shares 349,500$98.3M3.52%+250,000Timeline
PPLIPEOPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,489,495 shares; 2024Q4: 2,410,370 shares; 2025Q1: 2,410,370 shares; 2025Q2: 2,000,920 shares; 2025Q3: 2,788,379 shares 2,788,379$95M3.4%+787,459Timeline
LLYVALIBERTY MEDIA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,558,332 shares; 2024Q4: 1,534,222 shares; 2025Q1: 1,021,144 shares; 2025Q2: 1,005,434 shares; 2025Q3: 1,005,434 shares 1,005,434$94.8M3.4%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 173,661 shares; 2024Q4: 173,661 shares; 2025Q1: 173,661 shares; 2025Q2: 173,661 shares; 2025Q3: 173,661 shares 173,661$89.9M3.22%0Timeline
VSTSVESTIS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,007,877 shares; 2024Q4: 17,007,877 shares; 2025Q1: 17,007,877 shares; 2025Q2: 18,803,899 shares; 2025Q3: 18,803,899 shares 18,803,899$85.2M3.05%0Timeline
CXCEMEX SAB DE CVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 8,600,275 shares 8,600,275$77.3M2.77%newTimeline
MDUMDU RES GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,147,041 shares; 2024Q4: 7,108,829 shares; 2025Q1: 5,871,758 shares; 2025Q2: 4,183,151 shares; 2025Q3: 4,183,151 shares 4,183,151$74.5M2.67%0Timeline
DLTRDOLLAR TREE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,130,974 shares; 2024Q4: 2,886,735 shares; 2025Q1: 3,210,753 shares; 2025Q2: 981,899 shares; 2025Q3: 541,300 shares 541,300$51.1M1.83%-440,599Timeline
HSIIHEIDRICK & STRUGGLES INTL INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 562,353 shares; 2025Q1: 1,002,462 shares; 2025Q2: 1,002,462 shares; 2025Q3: 1,002,462 shares 1,002,462$49.9M1.79%0Timeline
FTREFORTREA HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,220,742 shares; 2024Q4: 3,480,898 shares; 2025Q1: 4,474,898 shares; 2025Q2: 4,508,531 shares; 2025Q3: 4,508,531 shares 4,508,531$38M1.36%0Timeline
CCLCARNIVAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,290,810 shares 1,290,810$37.3M1.34%newTimeline
AQNALGONQUIN POWER & UTILITIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,041,626 shares; 2024Q4: 3,345,455 shares; 2025Q1: 5,683,855 shares; 2025Q2: 6,183,855 shares; 2025Q3: 6,183,855 shares 6,183,855$33.2M1.19%0Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,032 shares; 2024Q4: 3,032 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 14,500 shares 14,500$3.44M0.12%newTimeline
LLYVKLIBERTY MEDIA CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 925,378 shares; 2024Q4: 579,378 shares; 2025Q1: 16,643 shares; 2025Q2: 32,322 shares; 2025Q3: 32,322 shares 32,322$3.13M0.11%0Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,250 shares; 2024Q4: 16,250 shares; 2025Q1: 16,250 shares; 2025Q2: 16,250 shares; 2025Q3: 16,250 shares 16,250$3.03M0.11%0Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,400 shares; 2024Q4: 2,400 shares; 2025Q1: 2,400 shares; 2025Q2: 2,400 shares; 2025Q3: 2,400 shares 2,400$1.76M0.06%0Timeline
AMBPARDAGH METAL PACKAGING S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 398,835 shares; 2024Q4: 398,835 shares; 2025Q1: 398,835 shares; 2025Q2: 398,835 shares; 2025Q3: 398,835 shares 398,835$1.59M0.06%0Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,850 shares; 2024Q4: 2,850 shares; 2025Q1: 2,850 shares; 2025Q2: 2,850 shares; 2025Q3: 2,850 shares 2,850$1.27M0.05%0Timeline
FLYEXCLUSIVE INCFLYEXCLUSIVE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200,832 shares; 2024Q4: 200,832 shares; 2025Q1: 200,832 shares; 2025Q2: 200,832 shares; 2025Q3: 200,832 shares 200,832$63.8K<0.01%0
LABSTANDARD BIOTOOLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,400 shares; 2024Q4: 44,400 shares; 2025Q1: 44,400 shares; 2025Q2: 44,400 shares; 2025Q3: 44,400 shares 44,400$57.7K<0.01%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
UNPUNION PAC CORP COMcall500,000$118Mnew
CRMSALESFORCE INC COMcall250,000$59.2Mnew
AMZNAMAZON COM INC COMcall150,000$32.9Mnew
CCLCARNIVAL CORP Stockcall450,000$13Mnew

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SRESEMPRA1,056,110$80Mshares
NSCNORFOLK SOUTHN CORP297,431$76.1Mshares
CSXCSX CORP1,753,068$57.2Mshares
GOOGLALPHABET INC225,709$39.8Mshares
INTEGRAL AD SCIENCE HLDNG COINTEGRAL AD SCIENCE HLDNG CO2,618,000$21.8Mshares
LNGCHENIERE ENERGY INC57,863$14.1Mshares
IWMISHARES TR5,000$1.08Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001011438-25-000574 base2025-11-14acceptance time not in the bulk data set