13F filer · reported 2026-Q2 · filed 2026-08-14 · Δ vs 2026-Q1 · US-listed long positions only 13F portfolio $3.2B · Positions 24 · Top 10 78.5% · Effective N 13.0 Filer13F 2026-Q2 | CIK1535472 | Reported quarter2026-Q2 | | Prior quarter2026-Q1 | Filed2026-08-14 | | Reported value$3.2B | Positions24 | | Regulatory AUM (ADV)$4.6B | Employees (ADV)16 | | Head office (ADV)NEW YORK, NY, United States | Structure (ADV)Limited Partnership |
Authorized signatory: Keith Meister · Managing Partner — the person who SIGNED this filer's latest 13F, frequently a compliance officer, general counsel or CFO, and not necessarily the portfolio manager. Owners & officers (ADV Schedule A): MEISTER, KEITH, ARLYN (MANAGING PARTNER) · COSTA, JOSEPH, EDWARD (BOARD MEMBER, PRESIDENT, & LIMITED PARTNER) · BEMBENEK, GARRETT, THOMAS (CHIEF OPERATIONS OFFICER) · DOOLEY, PATRICK, JOSEPH (GENERAL COUNSEL, CHIEF LEGAL OFFICER, & CHIEF COMPLIANCE OFFICER) · EMES, BRIAN, EDWARD (CHIEF FINANCIAL OFFICER) · CORVEX MANAGEMENT LP (LIMITED PARTNER) · CORVEX PE ADVISORS GP LLC (GENERAL PARTNER) · MEISTER CAPITAL MANAGEMENT LLC (GENERAL PARTNER) Reported 2026-Q2 · filed 2026-08-14 · ADV 2026-03-30ⓘ Implied return1.14y vs SPY | Cumulative+39.6% | CAGR+34.0% | | vs SPY+12.1pp | Vol (ann.)19.0% | | Sharpe1.64 | Max drawdown−14.9% | | Beta0.82 | Avg coverage100% | | Quarters replayed4 | |
2025-06-30 → 2026-08-21 · HYPOTHETICAL replication, not actual returnsⓘ Contribution10 of 39 names | Ticker | Avg wt | Return | Contrib. |
|---|
| ILMN | 16.3% | +115.5% | +15.53pp | | VSTS | 5.3% | +165.5% | +6.40pp | | WGS | 11.3% | −32.3% | −3.99pp | | SWX | 13.8% | +16.1% | +2.43pp | | FTRE | 1.8% | +120.6% | +1.83pp | | ORCL · exited | 1.7% | −37.3% | −1.74pp | | QSR | 4.7% | +32.3% | +1.43pp | | UNP | 4.4% | +38.3% | +1.25pp | | MGM | 7.4% | +14.9% | +1.22pp | | AMZN | 7.4% | +13.0% | +0.97pp |
Carino-linked; contributions sum to the book return — modeled, not actual results. 2025-08-24 → 2026-08-24 · book +27.5% · SPY +20.0% · largest absolute contributors first · HYPOTHETICALⓘ Top holdings12 of 24 · 84.8% of book | Holding | Weight | Value | Δ shares |
|---|
| ILMN | 15.5% | $498M | −26.1% | | WGS | 10.2% | $328M | +48.2% | | VSTS | 8.9% | $288M | +0.0% | | SWX | 8.8% | $285M | −25.7% | | MGM | 7.9% | $256M | +0.0% | | AMZN | 6.7% | $216M | +2.6% | | DIS | 6.5% | $208M | +0.0% | | VST | 5.0% | $162M | new | | META | 4.9% | $158M | +11566.7% | | PPLI | 4.0% | $129M | −16.7% | | LLYVA | 3.2% | $102M | +0.0% | | CX | 3.1% | $100M | −3.3% |
Weights as filed for 2026-Q2 · Δ vs 2026-Q1ⓘ Sector split8 sectors | Sector | N | Weight |
|---|
| Health Care | 3 | 27.3% | | Consumer Discretionary | 5 | 26.5% | | Communication Services | 7 | 19.8% | | Utilities | 2 | 13.9% | | Information Technology | 3 | 5.6% | | Industrials | 2 | 3.9% | | Materials | 1 | 3.1% | | Unclassified | 1 | 0.0% |
SIC-derived, not GICS · 100% of weight classifiedⓘ Sector history8 of 52 quarters | Sector | 2024-Q2 | 2024-Q3 | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Health Care | 14.6% | 18.3% | 17.5% | 21.6% | 28.4% | 26.2% | 32.5% | 28.8% | | Consumer Discretionary | 26.9% | 23.5% | 21.3% | 17.3% | 21.5% | 24.3% | 24.0% | 26.0% | | Utilities | 17.2% | 16.0% | 15.9% | 21.1% | 21.3% | 15.3% | 14.7% | 14.9% | | Communication Services | 4.5% | 4.4% | 4.5% | 3.9% | 1.8% | 5.4% | 10.2% | 12.7% | | Information Technology | 7.5% | 6.5% | 8.0% | 8.9% | 7.8% | 10.4% | 10.0% | 7.5% | | Industrials | 4.2% | 4.3% | 5.4% | 4.8% | 5.7% | 5.8% | 5.3% | 4.7% | | Materials | 13.5% | 12.7% | 4.7% | 3.9% | 3.0% | 5.4% | 3.3% | 3.9% | | Real Estate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.4% | | Unclassified | 5.1% | 5.1% | 8.3% | 5.6% | 6.4% | 5.3% | 0.0% | 0.1% | | Financials | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | | Consumer Staples | 6.6% | 9.1% | 14.4% | 12.9% | 4.1% | 1.8% | 0.0% | 0.0% | | Energy | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | | Top-10 concentration | 82.2% | 78.5% | 70.7% | 72.2% | 76.9% | 77.0% | 84.3% | 86.2% |
SIC-derived, not GICS · 100% of the latest book classified · share of the filed book, per quarterⓘ Basis & disclosures - As filed · positions and weights exactly as the 13F states them · nothing imputed · absent “—”
- 13F is US-listed long only · filed up to 45 days after quarter-end · a LOWER bound on what this filer manages, never a total — shorts, options, cash, bonds and non-US listings are outside it
- As filed — the holdings and weights are the 13F itself; no return engine produced them
- Implied returns are a replication, not a track record · the filed book valued daily and rebalanced to each new filing · no fees, no timing, and nothing a 13F does not carry
- Not investment advice · no recommendation, forecast or offer · past ≠ future · this is a filer's public record, not a solicitation
- SEC Form 13F · SEC Form ADV · licensed end-of-day prices · spzco.com/methodology
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