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Thomas Steyer Farallon Capital Management

AUM $21.7B
1-Year Est. Return 79.24%
 

Thomas Steyer founded Farallon Capital Management, a pioneering multi-strategy firm spanning credit, equities, real estate, and event-driven investing. Farallon became known for rigorous research and opportunistic capital allocation across cycles. Although Steyer later focused on public advocacy, the Farallon name remains important in hedge fund history and ongoing 13F tracking.

This Fund
S&P 500
This Quarter Est. Return
+13.5%
1 Year Est. Return
+79.24%
3 Year Est. Return
+204.51%
5 Year Est. Return
+270.91%
10 Year Est. Return
+1,884.18%
AUM
$21.9B
AUM Growth
+$430M
Cap. Flow
-$2.03B
Cap. Flow %
-9.27%
Top 10 Hldgs %
51.69%
Holding
190
New
27
Increased
30
Reduced
39
Closed
32

Top Buys

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$731M
2
HES
Hess
HES
+$436M
3
NDAQ icon
Nasdaq
NDAQ
+$341M
4
SPLK
Splunk Inc
SPLK
+$157M
5
UTHR icon
United Therapeutics
UTHR
+$110M

Top Sells

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$1.9B
2
VMW
VMware, Inc
VMW
+$915M
3
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$770M
4
SGEN
Seagen Inc. Common Stock
SGEN
+$482M
5
AON icon
Aon
AON
+$216M

Sector Composition

Rank Sector Weight
1 Healthcare 27.49%
2 Technology 11.1%
3 Financials 9.67%
4 Industrials 6.16%
5 Communication Services 5.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MA icon
26
Mastercard
MA
$509B
$264M 1.21%
619,471
+13,000
+2% +$5.22M
SHW icon
27
Sherwin-Williams
SHW
$84.1B
$260M 1.19%
832,092
-214,700
-21% -$57.7M
AZN icon
28
AstraZeneca
AZN
$257B
$258M 1.18%
1,912,146
-1,117,631
-37% -$145M
HWM icon
29
Howmet Aerospace
HWM
$108B
$255M 1.17%
4,716,027
-31,600
-0.7% -$1.56M
BX icon
30
Blackstone
BX
$108B
$222M 1.02%
1,697,351
-529,700
-24% -$57.3M
NTRA icon
31
Natera
NTRA
$47.9B
$218M 1%
3,474,883
+1,197,000
+53% +$59.8M
V icon
32
Visa
V
$693B
$208M 0.95%
798,110
+36,700
+5% +$9.05M
SPLK
33
DELISTED
Splunk Inc
SPLK
$202M 0.92%
1,324,000
+1,052,375
+387% +$157M
RVMD icon
34
Revolution Medicines
RVMD
$44.9B
$193M 0.88%
6,736,854
+3,411,374
+103% +$82M
INSP icon
35
Inspire Medical Systems
INSP
$1.8B
$174M 0.8%
855,096
+429,000
+101% +$69.5M
KRTX
36
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
$165M 0.76%
522,000
+519,800
+23,627% +$101M
MASI
37
DELISTED
Masimo
MASI
$154M 0.7%
1,311,649
+1,084,000
+476% +$101M
PTGX icon
38
Protagonist Therapeutics
PTGX
$9.99B
$131M 0.6%
5,734,430
+288,000
+5% +$5.04M
X
39
DELISTED
US Steel
X
$119M 0.55%
2,449,500
+1,814,500
+286% +$66M
MRTX
40
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
$119M 0.54%
2,024,472
+1,023,472
+102% +$57.5M
SRPT icon
41
Sarepta Therapeutics
SRPT
$1.98B
$117M 0.53%
1,210,073
-165,127
-12% -$15.8M
VSTS icon
42
Vestis
VSTS
$1.68B
$116M 0.53%
+5,469,753
New +$93.9M
BEAM icon
43
Beam Therapeutics
BEAM
$3.07B
$112M 0.51%
4,105,753
-376,086
-8% -$9.34M
UTHR icon
44
United Therapeutics
UTHR
$22B
$105M 0.48%
+476,000
New +$110M
AGIO icon
45
Agios Pharmaceuticals
AGIO
$1.98B
$92.8M 0.42%
4,167,602
+1,416,773
+52% +$31.7M
CYTK icon
46
Cytokinetics
CYTK
$10.7B
$90.8M 0.42%
1,087,772
+1,066,000
+4,896% +$38.6M
ROIV icon
47
Roivant Sciences
ROIV
$26.2B
$82.4M 0.38%
7,336,000
+3,482,600
+90% +$33.9M
IONS icon
48
Ionis Pharmaceuticals
IONS
$9.93B
$78.7M 0.36%
1,555,020
+828,020
+114% +$39.7M
BEKE icon
49
KE Holdings
BEKE
$19.6B
$77.1M 0.35%
4,758,500
– –
EVH icon
50
Evolent Health
EVH
$536M
$71.5M 0.33%
2,163,909
+263,000
+14% +$7.44M
1
2
3 4 5

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Thomas Steyer's Q4 2023 Portfolio in Review

As of Q4 2023, Thomas Steyer held 190 positions worth $21.9B, up 2% from $21.4B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Thomas Steyer withdrew a net $2.03B in Q4 2023, closing 32 positions and reducing 39 holdings. Its most notable exit was Activision Blizzard, an estimated $1.9B position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 27% of assets, down from 31% a quarter earlier, followed by Technology and Financials.

Against the trend, Thomas Steyer opened a new position in Pioneer Natural Resource Co. worth $702M.

  • Thomas Steyer's largest Q4 2023 buy was Pioneer Natural Resource Co.: 3,120,000 shares worth $702M.
  • Thomas Steyer added most to Nasdaq in Q4 2023, an estimated $341M increase.
  • Thomas Steyer's biggest Q4 2023 reduction was AstraZeneca, cutting an estimated $145M.
  • Thomas Steyer fully exited Activision Blizzard in Q4 2023, selling an estimated $1.9B.
  • Thomas Steyer's ten largest holdings make up 52% of its $21.9B portfolio in Q4 2023.
  • Thomas Steyer opened 27 new positions and closed 32 in Q4 2023.
  • Thomas Steyer's portfolio value rose 2% quarter-over-quarter to $21.9B.

Based on Farallon Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.