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Corvex Management LP Buys Five9 Inc, Zynga Inc, Uber Technologies Inc, Sells Exelon Corp, Altice USA Inc, T-Mobile US Inc

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Nov 16, 2021
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New York, NY, based Investment company Corvex Management LP (Current Portfolio) buys Five9 Inc, Zynga Inc, Uber Technologies Inc, US Foods Holding Corp, Sema4 Holdings Corp, sells Exelon Corp, Altice USA Inc, T-Mobile US Inc, Bloomin Brands Inc, Liberty SiriusXM Group during the 3-months ended 2021Q3, according to the most recent filings of the investment company, Corvex Management LP. As of 2021Q3, Corvex Management LP owns 42 stocks with a total value of $3.2 billion. These are the details of the buys and sells.

For the details of Corvex Management LP's stock buys and sells, go to https://www.gurufocus.com/guru/corvex+management+lp/current-portfolio/portfolio

These are the top 5 holdings of Corvex Management LP
  1. MGM Resorts International (MGM) - 15,673,778 shares, 20.93% of the total portfolio.
  2. Apple Inc (AAPL) - 1,740,200 shares, 7.62% of the total portfolio.
  3. Five9 Inc (FIVN) - 1,250,000 shares, 6.18% of the total portfolio.
  4. Alphabet Inc (GOOGL) - 68,727 shares, 5.69% of the total portfolio. Shares reduced by 9.27%
  5. Amazon.com Inc (AMZN) - 50,946 shares, 5.18% of the total portfolio. Shares reduced by 5.6%
New Purchase: Five9 Inc (FIVN)

Corvex Management LP initiated holding in Five9 Inc. The purchase prices were between $158.23 and $209.7, with an estimated average price of $182.37. The stock is now traded at around $167.520000. The impact to a portfolio due to this purchase was 4.23%. The holding were 856,393 shares as of 2021-09-30.

New Purchase: Uber Technologies Inc (UBER)

Corvex Management LP initiated holding in Uber Technologies Inc. The purchase prices were between $38.48 and $51.71, with an estimated average price of $43.76. The stock is now traded at around $45.900000. The impact to a portfolio due to this purchase was 1.7%. The holding were 1,225,000 shares as of 2021-09-30.

New Purchase: US Foods Holding Corp (USFD)

Corvex Management LP initiated holding in US Foods Holding Corp. The purchase prices were between $31.5 and $38.04, with an estimated average price of $34.34. The stock is now traded at around $34.420000. The impact to a portfolio due to this purchase was 1.09%. The holding were 1,019,253 shares as of 2021-09-30.

New Purchase: Sema4 Holdings Corp (SMFR)

Corvex Management LP initiated holding in Sema4 Holdings Corp. The purchase prices were between $0 and $12.25, with an estimated average price of $9.55. The stock is now traded at around $7.310000. The impact to a portfolio due to this purchase was 1.06%. The holding were 4,500,000 shares as of 2021-09-30.

New Purchase: SomaLogic Inc (SLGC)

Corvex Management LP initiated holding in SomaLogic Inc. The purchase prices were between $10.2 and $12.77, with an estimated average price of $11.41. The stock is now traded at around $13.570000. The impact to a portfolio due to this purchase was 0.96%. The holding were 2,500,000 shares as of 2021-09-30.

New Purchase: Skydeck Acquisition Corp (SKYA)

Corvex Management LP initiated holding in Skydeck Acquisition Corp. The purchase prices were between $9.6 and $9.77, with an estimated average price of $9.67. The stock is now traded at around $9.730000. The impact to a portfolio due to this purchase was 0.29%. The holding were 980,000 shares as of 2021-09-30.

Added: Zynga Inc (ZNGA)

Corvex Management LP added to a holding in Zynga Inc by 684.13%. The purchase prices were between $7.47 and $11.16, with an estimated average price of $9.11. The stock is now traded at around $7.410000. The impact to a portfolio due to this purchase was 1.83%. The holding were 9,017,495 shares as of 2021-09-30.

Sold Out: Longview Acquisition Corp II (LGV.U)

Corvex Management LP sold out a holding in Longview Acquisition Corp II. The sale prices were between $10.03 and $10.2, with an estimated average price of $10.11.

Sold Out: Skydeck Acquisition Corp (SKYAU)

Corvex Management LP sold out a holding in Skydeck Acquisition Corp. The sale prices were between $9.85 and $10.05, with an estimated average price of $9.94.

Sold Out: Capitol Investment Corp V (CAP)

Corvex Management LP sold out a holding in Capitol Investment Corp V. The sale prices were between $7.95 and $9.97, with an estimated average price of $9.78.

Sold Out: Tailwind Acquisition Corp (TWND)

Corvex Management LP sold out a holding in Tailwind Acquisition Corp. The sale prices were between $8.7 and $10, with an estimated average price of $9.77.

Sold Out: Horizon Acquisition Corp II (HZON)

Corvex Management LP sold out a holding in Horizon Acquisition Corp II. The sale prices were between $9.7 and $9.8, with an estimated average price of $9.75.

Sold Out: EG Acquisition Corp (EGGF.U)

Corvex Management LP sold out a holding in EG Acquisition Corp. The sale prices were between $9.83 and $10, with an estimated average price of $9.91.



Here is the complete portfolio of Corvex Management LP. Also check out:

1. Corvex Management LP's Undervalued Stocks
2. Corvex Management LP's Top Growth Companies, and
3. Corvex Management LP's High Yield stocks
4. Stocks that Corvex Management LP keeps buying
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