Corvex Management LP — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, Corvex Management LP initiated 3 new positions, increased allocation to 3 existing positions, trimmed 8 positions, and exited 2 positions entirely. The fund's 13F equity book declined from $3.01B to $2.52B (-16.4% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $3.01BPrior quarter
- $2.52BCurrent quarter
- $-0.49BNet delta
- -16.4%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| COSTAR GROUP INC | CSGP | 1.37% | Holders → |
| LIONSGATE STUDIOS CORP | LION | 0.62% | Holders → |
| ISHARES TR | IWM | 0.05% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| DISNEY WALT CO | DIS | +0.93% | +11.20% | History → |
| GENEDX HOLDINGS CORP | WGS | +-4.99% | +5.54% | History → |
| FORTREA HLDGS INC | FTRE | +-0.85% | +3.01% | Holders → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| RESTAURANT BRANDS INTERNATIONAL, INC. | QSR | -0.83% | -34.48% | History → |
| ARDAGH METAL PACKAGING S A | AMBP | -0.01% | -29.58% | Holders → |
| UNION PACIFIC CORP (UNP) | UNP | -0.61% | -29.44% | History → |
| MICROSOFT CORP | MSFT | -0.86% | -24.19% | Holders → |
| SOUTHWEST GAS HLDGS INC | SWX | 1.53% | -14.16% | History → |
| AMAZON COM INC | AMZN | -0.23% | -10.18% | History → |
| MGM RESORTS INTERNATIONAL | MGM | 1.33% | -0.70% | History → |
| STANDARD BIOTOOLS INC | LAB | -0.00% | -0.14% | Holders → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| ORACLE CORP | ORCL | 2.61% |
| ALGONQUIN POWER & UTILITIES | AQN | 1.26% |
Methodology & FAQ
How Corvex Management LP Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for Corvex Management LP against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did Corvex Management LP initiate in Q1 2026?
Corvex Management LP established 3 new positions in Q1 2026: COSTAR GROUP INC (CSGP, 1.37%), LIONSGATE STUDIOS CORP (LION, 0.62%), ISHARES TR (IWM, 0.05%).
Which existing positions saw the largest allocation increases for Corvex Management LP in Q1 2026?
The largest portfolio-weight increases in existing positions were: DISNEY WALT CO (DIS, +0.93% weight, +11.20% shares), GENEDX HOLDINGS CORP (WGS, +-4.99% weight, +5.54% shares), FORTREA HLDGS INC (FTRE, +-0.85% weight, +3.01% shares).
Which positions did Corvex Management LP fully exit in Q1 2026?
Corvex Management LP fully exited 2 positions in Q1 2026: ORACLE CORP (ORCL, last-reported weight 2.61%), ALGONQUIN POWER & UTILITIES (AQN, last-reported weight 1.26%).
Which existing positions saw the largest allocation reductions for Corvex Management LP in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: RESTAURANT BRANDS INTERNATIONAL, INC. (QSR, -0.83% weight, -34.48% shares), ARDAGH METAL PACKAGING S A (AMBP, -0.01% weight, -29.58% shares), UNION PACIFIC CORP (UNP) (UNP, -0.61% weight, -29.44% shares), MICROSOFT CORP (MSFT, -0.86% weight, -24.19% shares), SOUTHWEST GAS HLDGS INC (SWX, 1.53% weight, -14.16% shares), AMAZON COM INC (AMZN, -0.23% weight, -10.18% shares), MGM RESORTS INTERNATIONAL (MGM, 1.33% weight, -0.70% shares), STANDARD BIOTOOLS INC (LAB, -0.00% weight, -0.14% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity.