Institutional 13F · Context Only · Never a Buy List机构 13F · 仅供参考 · 非买入清单
Corvex Management
activist
A
leaderboard rank榜单排名 #14WATCH观察
Book持仓规模
$3.3B
long US listed only仅美股多头
Positions持仓数
24
100% resolved已解析
Top-10 concentration前十集中度
79%
% of book占组合%
Turnover换手
LOW
23.1% per quarter每季
Median excess中位超额
-4%
buys vs SPY, since filing买入相对SPY，自披露起 · n 95
Hit rate胜率
40%
share of buys beating SPY跑赢SPY的买入占比
Core lean — the 10-second read核心倾向 — 10秒速读
Core lean: Magnificent Seven — added META (+6.5pp of book this quarter)核心倾向：七巨头 — 本季度加仓 META（占组合 +6.5pp）
Magnificent Seven七巨头
+6.5pp
14.8% of book held占组合持有
· 5 names标的
· AI & Technology
META
AI Software & PlatformsAI 软件与平台
+6.5pp
8.0% of book held占组合持有
· 2 names标的
· AI & Technology
META
Communication Services (Equal-Weight)通信服务（等权）
+6.5pp
12.9% of book held占组合持有
· 2 names标的
· US Sectors (EW)
META
Power & Grid Buildout电力与电网
+4.9pp
4.9% of book held占组合持有
· 1 names标的
· Energy & Power
VST
Nuclear & SMR Power核电与小型模块化反应堆
+4.9pp
4.9% of book held占组合持有
· 1 names标的
· Energy & Power
VST
Utilities (Equal-Weight)公用事业（等权）
+4.9pp
4.9% of book held占组合持有
· 1 names标的
· US Sectors (EW)
VST
Descriptive read of the latest filing — themes clustered from curated baskets (Finviz fallback), added-pp = Σ % of book bought this quarter. Not a forecast.基于最新披露的描述性解读——主题按精选篮子聚类（Finviz 兜底），added-pp = 本季度买入占组合百分比之和。非预测。
Grade & excess history评级与超额历史
per-quarter buy cohorts, scored on public filing dates vs SPY — descriptive ranks in a curated survivor cohort按季度买入队列，以公开披露日为锚相对SPY评分——精选幸存者队列中的描述性排名Reliability可靠性: · 13 scored quarters已评分季度 · 23% positive为正 · recent-4 median近4季中位 -7% vs all-time对全期 -5%
Median excess by quarter各季度中位超额: ▁▂▁▃▂▂█▁▂▂▂▂ (oldest → newest, shifted by the series minimum so negatives render由旧到新，按序列最小值平移以呈现负值)
| Quarter季度 | Buys买入数 | Median excess中位超额 | Hit胜率 | Median fwd 63d中位前瞻63日 |
|---|---|---|---|---|
| 2023-06-30 | 6 | -18% | 17% | +6% |
| 2023-09-30 | 14 | -16% | 36% | +3% |
| 2023-12-31 | 3 | +1% | 67% | +24% |
| 2024-03-31 | 10 | -14% | 20% | -2% |
| 2024-06-30 | 10 | +9% | 70% | +5% |
| 2024-09-30 | 7 | -4% | 29% | -6% |
| 2024-12-31 | 13 | -3% | 38% | -0% |
| 2025-03-31 | 6 | +49% | 83% | +14% |
| 2025-06-30 | 5 | -10% | 40% | -2% |
| 2025-09-30 | 8 | -5% | 38% | -2% |
| 2025-12-31 | 4 | -8% | 25% | +6% |
| 2026-03-31 | 3 | -8% | 33% | -9% |
| 2026-06-30 | 6 | -1% | 33% | — |
Sector exposure & rotation行业配置与轮动
value-weighted, latest filing; QoQ deltas vs prior quarter按市值加权，最新披露；季度环比变化对上季Current weights当前权重 · 2026-06-30
Healthcare
26.8%
▼ -1.9pp
Communication Services
21.2%
▲ +3.7pp
Consumer Cyclical
20.3%
▲ +0.4pp
Utilities
13.6%
▼ -1.3pp
Industrials
12.6%
▲ +1.7pp
Basic Materials
3.0%
▼ -0.9pp
Technology
1.6%
▼ -0.6pp
Unclassified
0.8%
▲ +0.8pp
Theme categories主题类别
AI & Technology 14.8%
US Sectors (EW) 9.1%
Consumer Cyclical 7.8%
Energy & Power 4.9%
Rotating into (QoQ)轮入（环比）
Communication Services +3.7pp
Industrials +1.7pp
Consumer Cyclical +0.4pp
Rotating out of (QoQ)轮出（环比）
Healthcare -1.9pp
Real Estate -1.4pp
Utilities -1.3pp
Quarter history — top-3 sectors季度历史 — 前三大行业
| 2026-06-30 | Healthcare 27% · Communication Services 21% · Consumer Cyclical 20% |
| 2026-03-31 | Healthcare 29% · Consumer Cyclical 20% · Communication Services 17% |
| 2025-12-31 | Healthcare 30% · Consumer Cyclical 18% · Communication Services 15% |
| 2025-09-30 | Healthcare 24% · Consumer Cyclical 21% · Utilities 17% |
| 2025-06-30 | Healthcare 28% · Utilities 24% · Consumer Cyclical 17% |
| 2025-03-31 | Utilities 23% · Healthcare 21% · Consumer Defensive 13% |
| 2024-12-31 | Unclassified 29% · Utilities 15% · Healthcare 13% |
| 2024-09-30 | Utilities 25% · Healthcare 17% · Industrials 15% |
| 2024-06-30 | Utilities 28% · Consumer Cyclical 17% · Healthcare 16% |
| 2024-03-31 | Utilities 29% · Consumer Cyclical 18% · Unclassified 16% |
| 2023-12-31 | Utilities 27% · Consumer Cyclical 19% · Unclassified 15% |
| 2023-09-30 | Utilities 25% · Unclassified 21% · Consumer Cyclical 16% |
Full book完整持仓
every resolved position as filed — click a column header to sort. Conviction is a descriptive composite, not a forecast.截至披露日的全部已解析持仓——点击列头排序。信念分为描述性综合指标，非预测。24 positions shown项持仓 · resolved已解析 24/24 (100%) · unresolved CUSIPs are excluded from this table but counted in book totals未解析CUSIP不列入本表，但计入组合总额
| #↕ | Ticker标的 ↕ | Company公司 ↕ | % book仓位% ↕ | Value金额 ↕ | Action动作 ↕ | Δ sharesΔ股数 ↕ | Add streak连加季数 ↕ | Conviction信念分 ↕ | Sector行业 ↕ | Themes主题 | Since filing自披露 ↕ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 |  ILMN |
Illumina Inc | 15.2% | $498M | trim | -26% | — | 70 · HIGH | Healthcare | Oncology, Diagnostics, Genomics | +9% |
| 2 |  WGS |
Genedx Holdings Corp | 10.0% | $328M | add | +48% | 1q | 74 · HIGH | Healthcare | — | +10% |
| 3 |  VSTS |
Vestis Corporation | 8.8% | $288M | hold | +0% | — | 67 · MODERATE | Industrials | — | -2% |
| 4 |  SWX |
Southwest Gas Hldgs Inc | 8.7% | $285M | trim | -26% | — | 66 · MODERATE | Utilities | — | -3% |
| 5 |  MGM |
Mgm Resorts International | 7.8% | $256M | hold | +0% | — | 64 · MODERATE | Consumer Cyclical | Travel & Experiences, Consumer Discretionary (Equal-Weight) | -6% |
| 6 |  AMZN |
Amazon Com Inc | 6.6% | $216M | hold | +3% | — | 63 · MODERATE | Consumer Cyclical | Magnificent Seven, Consumer Discretionary (Equal-Weight) | -1% |
| 7 | META |
Meta Platforms Inc | 6.5% | $214M | add | +15733% | 1q | 66 · MODERATE | Communication Services | Magnificent Seven, AI Software & Platforms, Communication Services (Equal-Weight) | +19% |
| 8 |  DIS |
Disney Walt Co | 6.3% | $208M | hold | +0% | — | 60 · MODERATE | Communication Services | Communication Services (Equal-Weight) | +6% |
| 9 | VST |
Vistra Corp | 4.9% | $162M | new | — | 1q | 63 · MODERATE | Utilities | Power & Grid Buildout, Nuclear & SMR Power, Utilities (Equal-Weight) | -2% |
| 10 |  PPLI |
People Inc | 3.9% | $129M | trim | -17% | — | 47 · MODERATE | Communication Services | — | -3% |
| 11 |  LLYVA |
Liberty Live Holdings Inc | 3.1% | $102M | hold | +0% | — | 30 · LOW | Communication Services | — | — |
| 12 |  CX |
Cemex Sa Euro Mtn Be 144a | 3.0% | $100M | hold | -3% | — | 29 · LOW | Basic Materials | — | -3% |
| 13 |  PLNT |
Planet Fitness Master Issuer | 3.0% | $99M | new | — | 1q | 32 · LOW | Consumer Cyclical | — | -0% |
| 14 |  QSR |
Restaurant Brands Intl Inc | 2.8% | $92M | trim | -20% | — | 26 · LOW | Consumer Cyclical | — | +1% |
| 15 |  UNP |
Union Pac Corp | 2.7% | $89M | trim | -33% | — | 25 · LOW | Industrials | Industrials (Equal-Weight) | -3% |
| 16 |  FTRE |
Fortrea Hldgs Inc | 1.6% | $52M | trim | -36% | — | 23 · LOW | Healthcare | — | -4% |
| 17 |  MSFT |
Microsoft Corp | 1.5% | $49M | hold | +0% | — | 22 · LOW | Technology | Magnificent Seven, AI Software & Platforms, Quantum Computing | +7% |
| 18 |  FWONK |
Liberty Media Corp Del | 1.2% | $38M | new | — | 1q | 15 · LOW | Communication Services | — | -5% |
| 19 |  ONT |
Onterris Inc | 1.1% | $36M | new | — | 1q | 14 · LOW | Industrials | — | — |
| 20 |  FWONA |
Liberty Media Corp Del | 0.8% | $28M | new | — | 1q | 12 · LOW | — | — | -6% |
| 21 |  LLYVK |
Liberty Live Holdings Inc | 0.1% | $3M | hold | +0% | — | 16 · LOW | Communication Services | — | — |
| 22 |  NVDA |
Nvidia Corporation | 0.1% | $3M | hold | +0% | — | 16 · LOW | Technology | Magnificent Seven, AI Infrastructure, AI Semiconductors | -5% |
| 23 |  TSLA |
Tesla Inc | 0.0% | $1M | hold | +0% | — | 13 · LOW | Consumer Cyclical | Magnificent Seven, Consumer Discretionary (Equal-Weight) | +7% |
| 24 |  FLYX-WS |
Flyexclusive Inc | 0.0% | $42174 | hold | +0% | — | 12 · LOW | — | — | — |
Rotation detail轮动明细
this filing cycle, uncapped — adds/new and trims from the resolved book, exits from the rotation feed本披露周期，不设上限——新建/加仓与减持取自已解析持仓，清仓取自轮动数据Rotated into轮入 (7)
| WGS add |
10.0% | +10% |
| META add |
6.5% | +19% |
| VST new |
4.9% | -2% |
| PLNT new |
3.0% | -0% |
| FWONK new |
1.2% | -5% |
| ONT new |
1.1% | — |
| FWONA new |
0.8% | -6% |
Rotated out of轮出 (11)
| ILMN trim |
-26% | +9% |
| SWX trim |
-26% | -3% |
| PPLI trim |
-17% | -3% |
| QSR trim |
-20% | +1% |
| UNP trim |
-33% | -3% |
| FTRE trim |
-36% | -4% |
 CRM exit |
-100% | +37% |
 CSGP exit |
-100% | +2% |
 IWM exit |
-100% | -4% |
 LAB exit |
-100% | +2% |
 LION exit |
-100% | -6% |
Trade log交易记录
last 40 graded trades, filing-date anchored, newest first — variable hold vs SPY最近40笔已评分交易，以披露日为锚，最新在前——持有期不定，相对SPYNo graded trades available for this fund.该基金暂无已评分交易。
Caveats注意事项 —
13F = quarterly, ~45-day lag, reported long positions from managers with at least $100M in Section 13(f) securities. No shorts, no cash, no non-US positions. This desk is context — ownership is never a directional signal here.13F = 季度披露，约45天滞后，仅含美股多头且持仓≥1亿美元。不含空头、现金或非美股仓位。本台仅为背景参考——持仓数据在此永远不是方向性信号。
Grades and reliability are descriptive ranks within a curated survivor cohort — they measure what filings did after their filing dates, not a manager-selection edge. Conviction and core-lean reads are descriptive composites earning a forward record via the pre-registered ledger (L5); sector/theme classification applies the current map to history.评级与可靠性为精选幸存者队列中的描述性排名——衡量披露日之后持仓的表现，而非经理选择能力。信念分与核心倾向为描述性综合指标，通过预注册账本（L5）积累前瞻记录；行业/主题分类将当前映射应用于历史。