Corvex Management starts new position in Oracle, piled up on Amazon in Q2 moves

Activist investor Keith Meister’s Corvex Management in Q2 took a new position in Oracle (NYSE:ORCL), boosted its Amazon (NASDAQ:AMZN) and exited chipmaker Taiwan Semiconductor Manufacturing Company (NYSE:TSM), among other moves.

Corvex Management disclosed the information in its latest 13F filing, which was published on Thursday.

Corvex has revealed fresh purchases of 873,183 shares and 99,500 shares in Restaurant Brands International (QSR) and Oracle, respectively, as per the filing.

The fund increased stakes in a number of companies, including Southwest Gas Holdings (SWX), Vestis (VSTS), GeneDx Holdings (WGS) and Algonquin Power & Utilities (AQN), among others.

Corvex now holds 18.8 million shares in Vestis, compared to 17.01 million shares earlier, while it boosted its holdings in Amazon to 675,029 shares from 565,029 shares.

Other notable changes include the hedge fund decreasing stake in Dollar Tree (DLTR) to 0.98 million shares from 3.21 million shares and in Google-parent Alphabet’s class A capital stock (GOOGL) to 225,709 shares from 643,209 shares.

Corvex maintained positions in companies including tech giant Microsoft (MSFT), casino operator MGM Resorts International (MGM), gene sequencing provider Illumina (ILMN) and railroad operator CSX (CSX).