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Corvex Management LP

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13F filer, CIK 1535472, NEW YORK, NY

Corvex Management LP reported $3,271,510,688 across 27 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 84.26% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001011438-26-000138

Period
2025-12-31
Reported value
$3.27B
Holdings
27
Top 10 weight
84.26%
New
4
Sold out
9

Largest buys vs the previous quarter

SecurityShares changeApprox. value
LLYVAnew+1,005,434$81.9M
DISadded+635,000$72.2M
PPLIadded+566,696$22.2M
ORCLadded+53,700$10.5M
VSTSadded+1,010,064$6.74M

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
LLYVAexited-1,005,434-$94.8M
MDUexited-4,183,151-$74.5M
DLTRexited-541,300-$51.1M
HSIIexited-1,002,462-$49.9M
CCLexited-1,290,810-$37.3M

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.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001011438-26-000138, largest first. % of portfolio is the value over $3,006,819,188, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ILMNILLUMINA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,829,608 shares 3,829,608$502M16.71%0Timeline
SWXSOUTHWEST GAS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 5,030,556 shares 5,030,556$403M13.39%0Timeline
WGSGENEDX HOLDINGS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,058,629 shares 3,058,629$398M13.23%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 517,629 shares; 2024Q4: 565,029 shares; 2025Q1: 565,029 shares; 2025Q2: 675,029 shares; 2025Q3: 977,529 shares; 2025Q4: 982,732 shares 982,732$227M7.54%+5,203Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,308,000 shares; 2025Q4: 1,943,000 shares 1,943,000$221M7.35%+635,000Timeline
MGMMGM RESORTS INTERNATIONALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 5,385,478 shares 5,385,478$197M6.54%0Timeline
QSRRESTAURANT BRANDS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 873,183 shares; 2025Q3: 2,408,743 shares; 2025Q4: 2,408,743 shares 2,408,743$164M5.47%0Timeline
UNPUNION PAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 677,863 shares; 2025Q4: 686,363 shares 686,363$159M5.28%+8,500Timeline
VSTSVESTIS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 19,813,963 shares 19,813,963$132M4.4%+1,010,064Timeline
PPLIPEOPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,355,075 shares 3,355,075$131M4.36%+566,696Timeline
CXCEMEX SAB DE CVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 8,600,275 shares; 2025Q4: 8,600,275 shares 8,600,275$98.8M3.29%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 173,661 shares; 2024Q4: 173,661 shares; 2025Q1: 173,661 shares; 2025Q2: 173,661 shares; 2025Q3: 173,661 shares; 2025Q4: 173,661 shares 173,661$84M2.79%0Timeline
LLYVALIBERTY LIVE HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,005,434 shares 1,005,434$81.9M2.73%newTimeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 99,500 shares; 2025Q3: 349,500 shares; 2025Q4: 403,200 shares 403,200$78.6M2.61%+53,700Timeline
FTREFORTREA HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 4,508,531 shares 4,508,531$77.8M2.59%0Timeline
AQNALGONQUIN POWER & UTILITIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 6,183,855 shares 6,183,855$38M1.26%0Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,032 shares; 2024Q4: 3,032 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 14,500 shares; 2025Q4: 14,500 shares 14,500$3.84M0.13%0Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,250 shares; 2024Q4: 16,250 shares; 2025Q1: 16,250 shares; 2025Q2: 16,250 shares; 2025Q3: 16,250 shares; 2025Q4: 16,250 shares 16,250$3.03M0.1%0Timeline
LLYVKLIBERTY LIVE HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 32,322 shares 32,322$2.69M0.09%newTimeline
AMBPARDAGH METAL PACKAGING S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 398,835 shares; 2024Q4: 398,835 shares; 2025Q1: 398,835 shares; 2025Q2: 398,835 shares; 2025Q3: 398,835 shares; 2025Q4: 398,835 shares 398,835$1.64M0.05%0Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,400 shares; 2024Q4: 2,400 shares; 2025Q1: 2,400 shares; 2025Q2: 2,400 shares; 2025Q3: 2,400 shares; 2025Q4: 2,400 shares 2,400$1.58M0.05%0Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,850 shares; 2024Q4: 2,850 shares; 2025Q1: 2,850 shares; 2025Q2: 2,850 shares; 2025Q3: 2,850 shares; 2025Q4: 2,850 shares 2,850$1.28M0.04%0Timeline
FLYEXCLUSIVE INCFLYEXCLUSIVE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200,832 shares; 2024Q4: 200,832 shares; 2025Q1: 200,832 shares; 2025Q2: 200,832 shares; 2025Q3: 200,832 shares; 2025Q4: 200,827 shares 200,827$57.2K<0.01%-5
LABSTANDARD BIOTOOLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,400 shares; 2024Q4: 44,400 shares; 2025Q1: 44,400 shares; 2025Q2: 44,400 shares; 2025Q3: 44,400 shares; 2025Q4: 44,400 shares 44,400$56.8K<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$116M0
QQQINVESCO QQQ TR COMput150,000$92.1Mnew
DISDISNEY WALT CO COMcall500,000$56.9Mnew

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
LLYVALIBERTY MEDIA CORP1,005,434$94.8Mshares
MDUMDU RES GROUP INC4,183,151$74.5Mshares
CRMSALESFORCE INC250,000$59.2Mcall
DLTRDOLLAR TREE INC541,300$51.1Mshares
HSIIHEIDRICK & STRUGGLES INTL IN1,002,462$49.9Mshares
CCLCARNIVAL CORP1,290,810$37.3Mshares
AMZNAMAZON COM INC150,000$32.9Mcall
CCLCARNIVAL CORP450,000$13Mcall
LLYVKLIBERTY MEDIA CORP DEL32,322$3.13Mshares

How Q4 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 0001011438-26-000138 base2026-02-17acceptance time not in the bulk data set