Corvex Management LP Hedge Fund

CIK: 0001535472 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $3,271,511 (100.0% shares, 0.0% debt)

Holdings (27)

New Positions (4)

QQQ INVESCO QQQ TR 2.8%

Value ($000) $92,147 Shares 150,000 Est. Cost — Unrealized —

LLYVA LIBERTY LIVE HOLDINGS INC 2.5%

Value ($000) $81,943 Shares 1,005,434 Est. Cost $83.24 Unrealized 0.0%

DIS DISNEY WALT CO 1.7%

Value ($000) $56,885 Shares 500,000 Est. Cost $114.55 Unrealized -4.4%

LLYVK LIBERTY LIVE HOLDINGS INC 0.1%

Value ($000) $2,688 Shares 32,322 Est. Cost $85.87 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	150,000	$92,147	2.8%	—	—	PUT	46090E103
LLYVA	LIBERTY LIVE HOLDINGS INC	1,005,434	$81,943	2.5%	$83.24	0.0%	COM SER A	530909100
DIS	DISNEY WALT CO	500,000	$56,885	1.7%	$114.55	-4.4%	CALL	254687106
LLYVK	LIBERTY LIVE HOLDINGS INC	32,322	$2,688	0.1%	$85.87	0.0%	COM SHS SER C	530909308

Increased Positions (5)

DIS DISNEY WALT CO 6.8%

Value ($000) $221,055 (+47.6%) Shares 1,943,000 (+48.5%) Est. Cost $114.55 Unrealized -4.4%

VSTS VESTIS CORPORATION 4.0%

Value ($000) $132,159 (+55.1%) Shares 19,813,963 (+5.4%) Est. Cost $14.23 Unrealized -59.0%

IAC IAC INC 4.0%

Value ($000) $131,183 (+38.1%) Shares 3,355,075 (+20.3%) Est. Cost $39.37 Unrealized -11.1%

ORCL ORACLE CORP 2.4%

Value ($000) $78,588 (-20.0%) Shares 403,200 (+15.4%) Est. Cost $228.98 Unrealized +4.0%

UNP UNION PAC CORP 4.9%

Value ($000) $158,769 (-0.9%) Shares 686,363 (+1.3%) Est. Cost $223.20 Unrealized +1.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DIS	DISNEY WALT CO	1,943,000 (+48.5%)	$221,055 (+47.6%)	6.8%	$114.55	-4.4%	COM	254687106
VSTS	VESTIS CORPORATION	19,813,963 (+5.4%)	$132,159 (+55.1%)	4.0%	$14.23	-59.0%	COM SHS	29430C102
IAC	IAC INC	3,355,075 (+20.3%)	$131,183 (+38.1%)	4.0%	$39.37	-11.1%	COM NEW	44891N208
ORCL	ORACLE CORP	403,200 (+15.4%)	$78,588 (-20.0%)	2.4%	$228.98	+4.0%	COM	68389X105
UNP	UNION PAC CORP	686,363 (+1.3%)	$158,769 (-0.9%)	4.9%	$223.20	+1.8%	COM	907818108

Exited Positions (9)

— LIBERTY MEDIA CORP DEL 2.9%

Value ($000) $94,812 Shares 1,005,434 Est. Cost $31.92 Unrealized —

MDU MDU RES GROUP INC 2.3%

Value ($000) $74,502 Shares 4,183,151 Est. Cost $9.27 Unrealized +111.1%

CRM SALESFORCE INC 1.8%

Value ($000) $59,250 Shares 250,000 Est. Cost $251.43 Unrealized -1.3%

DLTR DOLLAR TREE INC 1.6%

Value ($000) $51,082 Shares 541,300 Est. Cost $76.87 Unrealized +39.4%

— HEIDRICK & STRUGGLES INTL IN 1.5%

Value ($000) $49,893 Shares 1,002,462 Est. Cost $43.66 Unrealized —

CCL CARNIVAL CORP 1.1%

Value ($000) $37,317 Shares 1,290,810 Est. Cost $30.20 Unrealized -7.7%

AMZN AMAZON COM INC 1.0%

Value ($000) $32,936 Shares 150,000 Est. Cost $168.29 Unrealized +36.0%

CCL CARNIVAL CORP 0.4%

Value ($000) $13,010 Shares 450,000 Est. Cost $30.20 Unrealized -7.7%

— LIBERTY MEDIA CORP DEL 0.1%

Value ($000) $3,134 Shares 32,322 Est. Cost $55.90 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	LIBERTY MEDIA CORP DEL	1,005,434	$94,812	2.9%	$31.92	—	—	531229748
MDU	MDU RES GROUP INC	4,183,151	$74,502	2.3%	$9.27	+111.1%	—	552690109
CRM	SALESFORCE INC	250,000	$59,250	1.8%	$251.43	-1.3%	CALL	79466L302
DLTR	DOLLAR TREE INC	541,300	$51,082	1.6%	$76.87	+39.4%	—	256746108
—	HEIDRICK & STRUGGLES INTL IN	1,002,462	$49,893	1.5%	$43.66	—	—	422819102
CCL	CARNIVAL CORP	1,290,810	$37,317	1.1%	$30.20	-7.7%	—	143658300
AMZN	AMAZON COM INC	150,000	$32,936	1.0%	$168.29	+36.0%	CALL	023135106
CCL	CARNIVAL CORP	450,000	$13,010	0.4%	$30.20	-7.7%	CALL	143658300
—	LIBERTY MEDIA CORP DEL	32,322	$3,134	0.1%	$55.90	—	—	531229722

Unchanged Positions (18)

ILMN ILLUMINA INC 15.4%

Value ($000) $502,291 Shares 3,829,608 Est. Cost $111.60 Unrealized +5.2%

WGS GENEDX HOLDINGS CORP 12.2%

Value ($000) $397,805 Shares 3,058,629 Est. Cost $21.41 Unrealized +541.0%

FTRE FORTREA HLDGS INC 2.4%

Value ($000) $77,772 Shares 4,508,531 Est. Cost $20.28 Unrealized -39.1%

CX CEMEX SAB DE CV 3.0%

Value ($000) $98,817 Shares 8,600,275 Est. Cost $8.99 Unrealized —

AMZN AMAZON COM INC 6.9%

Value ($000) $226,834 Shares 982,732 Est. Cost $168.29 Unrealized +36.0%

MGM MGM RESORTS INTERNATIONAL 6.0%

Value ($000) $196,516 Shares 5,385,478 Est. Cost $26.96 Unrealized +25.9%

QSR RESTAURANT BRANDS INTL INC 5.0%

Value ($000) $164,349 Shares 2,408,743 Est. Cost $66.15 Unrealized +4.2%

SWX SOUTHWEST GAS HLDGS INC 12.3%

Value ($000) $402,545 Shares 5,030,556 Est. Cost $62.30 Unrealized +28.6%

MSFT MICROSOFT CORP 2.6%

Value ($000) $83,986 Shares 173,661 Est. Cost $292.36 Unrealized +71.2%

AQN ALGONQUIN PWR UTILS CORP 1.2%

Value ($000) $38,031 Shares 6,183,855 Est. Cost $5.25 Unrealized +13.1%

UNP UNION PAC CORP 3.5%

Value ($000) $115,660 Shares 500,000 Est. Cost $223.20 Unrealized +1.8%

CRM SALESFORCE INC 0.1%

Value ($000) $3,841 Shares 14,500 Est. Cost $251.43 Unrealized -1.3%

META META PLATFORMS INC 0.0%

Value ($000) $1,584 Shares 2,400 Est. Cost $299.21 Unrealized +123.0%

AMBP ARDAGH METAL PACKAGING S A 0.0%

Value ($000) $1,635 Shares 398,835 Est. Cost $3.97 Unrealized -4.4%

TSLA TESLA INC 0.0%

Value ($000) $1,282 Shares 2,850 Est. Cost $256.88 Unrealized +72.6%

FLYX/WS FLYEXCLUSIVE INC 0.0%

Value ($000) $57 Shares 200,827 Est. Cost $0.22 Unrealized —

NVDA NVIDIA CORPORATION 0.1%

Value ($000) $3,031 Shares 16,250 Est. Cost $95.43 Unrealized +95.1%

LAB STANDARD BIOTOOLS INC 0.0%

Value ($000) $57 Shares 44,400 Est. Cost $2.41 Unrealized -44.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ILMN	ILLUMINA INC	3,829,608	$502,291	15.4%	$111.60	+5.2%	COM	452327109
WGS	GENEDX HOLDINGS CORP	3,058,629	$397,805	12.2%	$21.41	+541.0%	COM CL A	81663L200
FTRE	FORTREA HLDGS INC	4,508,531	$77,772	2.4%	$20.28	-39.1%	COMMON STOCK	34965K107
CX	CEMEX SAB DE CV	8,600,275	$98,817	3.0%	$8.99	—	SPON ADR NEW	151290889
AMZN	AMAZON COM INC	982,732	$226,834	6.9%	$168.29	+36.0%	COM	023135106
MGM	MGM RESORTS INTERNATIONAL	5,385,478	$196,516	6.0%	$26.96	+25.9%	COM	552953101
QSR	RESTAURANT BRANDS INTL INC	2,408,743	$164,349	5.0%	$66.15	+4.2%	COM	76131D103
SWX	SOUTHWEST GAS HLDGS INC	5,030,556	$402,545	12.3%	$62.30	+28.6%	COM	844895102
MSFT	MICROSOFT CORP	173,661	$83,986	2.6%	$292.36	+71.2%	COM	594918104
AQN	ALGONQUIN PWR UTILS CORP	6,183,855	$38,031	1.2%	$5.25	+13.1%	COM	015857105
UNP	UNION PAC CORP	500,000	$115,660	3.5%	$223.20	+1.8%	CALL	907818108
CRM	SALESFORCE INC	14,500	$3,841	0.1%	$251.43	-1.3%	COM	79466L302
META	META PLATFORMS INC	2,400	$1,584	0.0%	$299.21	+123.0%	CL A	30303M102
AMBP	ARDAGH METAL PACKAGING S A	398,835	$1,635	0.0%	$3.97	-4.4%	SHS	L02235106
TSLA	TESLA INC	2,850	$1,282	0.0%	$256.88	+72.6%	COM	88160R101
FLYX/WS	FLYEXCLUSIVE INC	200,827	$57	0.0%	$0.22	—	*W EXP 99/99/999	343928115
NVDA	NVIDIA CORPORATION	16,250	$3,031	0.1%	$95.43	+95.1%	COM	67066G104
LAB	STANDARD BIOTOOLS INC	44,400	$57	0.0%	$2.41	-44.4%	COM	34385P108