Thomas Steyer Farallon Capital Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$394M |
| 2 |
Meta Platforms (Facebook)
META
|
+$345M |
| 3 |
TWX
Time Warner Inc
TWX
|
+$345M |
| 4 |
PLYA
Playa Hotels & Resorts
PLYA
|
+$311M |
| 5 |
Wabtec
WAB
|
+$261M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STJ
St Jude Medical
STJ
|
+$712M |
| 2 |
Corpay
CPAY
|
+$189M |
| 3 |
Charter Communications
CHTR
|
+$130M |
| 4 |
Booking.com
BKNG
|
+$110M |
| 5 |
SS&C Technologies
SSNC
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 22.15% |
| 2 | Technology | 15.42% |
| 3 | Healthcare | 15.15% |
| 4 | Industrials | 8.86% |
| 5 | Consumer Staples | 7.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
76
SS&C Technologies
SSNC
$19.5B
| – | – |
-3,815,869
| Closed | -$109M |
|
|
KDMN
77
DELISTED
Kadmon Holdings, Inc.
KDMN
| – | – |
-285,620
| Closed | -$1.43M |
|
|
AET
78
DELISTED
Aetna Inc
AET
| – | – |
-162,000
| Closed | -$20.1M |
|
|
COL
79
DELISTED
Rockwell Collins
COL
| – | – |
-125,000
| Closed | -$11.6M |
|
|
PX
80
DELISTED
Praxair Inc
PX
| – | – |
-128,750
| Closed | -$15.1M |
|
|
LVLT
81
DELISTED
Level 3 Communications Inc
LVLT
| – | – |
-215,000
| Closed | -$12.1M |
|
|
CAB
82
DELISTED
Cabela's Inc
CAB
| – | – |
-80,000
| Closed | -$4.68M |
|
|
ISIL
83
DELISTED
Intersil Corp
ISIL
| – | – |
-1,200,000
| Closed | -$26.8M |
|
|
STJ
84
DELISTED
St Jude Medical
STJ
| – | – |
-8,880,000
| Closed | -$712M |
|
|
WR
85
DELISTED
Westar Energy Inc
WR
| – | – |
-245,000
| Closed | -$13.8M |
|
|
ACAS
86
DELISTED
American Capital Ltd
ACAS
| – | – |
-4,305,000
| Closed | -$77.1M |
|
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Thomas Steyer's Q1 2017 Portfolio in Review
As of Q1 2017, Thomas Steyer held 90 positions worth $9.11B, up 5% from $8.68B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Thomas Steyer withdrew a net $417M in Q1 2017, closing 18 positions and reducing 16 holdings. Its most notable exit was St Jude Medical, an estimated $712M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 22% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Thomas Steyer opened a new position in Meta Platforms (Facebook) worth $367M.
- Thomas Steyer's largest Q1 2017 buy was Meta Platforms (Facebook): 2,583,043 shares worth $367M.
- Thomas Steyer added most to Yahoo Inc in Q1 2017, an estimated $394M increase.
- Thomas Steyer's biggest Q1 2017 reduction was Corpay, cutting an estimated $189M.
- Thomas Steyer fully exited St Jude Medical in Q1 2017, selling an estimated $712M.
- Thomas Steyer's ten largest holdings make up 49% of its $9.11B portfolio in Q1 2017.
- Thomas Steyer opened 18 new positions and closed 18 in Q1 2017.
- Thomas Steyer's portfolio value rose 5% quarter-over-quarter to $9.11B.
Based on Farallon Capital Management's 13F filing for Q1 2017, filed 15 May 2017.