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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
+2.09%
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
$6.23B
AUM Growth
-$694M
Cap. Flow
-$755M
Cap. Flow %
-12.12%
Top 10 Hldgs %
36.61%
Holding
115
New
19
Increased
25
Reduced
18
Closed
31

Top Buys

Rank Stock Value
1
DTV
DIRECTV COM STK (DE)
DTV
+$233M
2
TWX
Time Warner Inc
TWX
+$183M
3
THI
TIM HORTONS INC COM, CANADA
THI
+$138M
4
BRSL
Brightstar Lottery PLC
BRSL
+$136M
5
CTSH icon
Cognizant
CTSH
+$135M

Top Sells

Rank Stock Value
1
FRX
FOREST LABORATORIES INC
FRX
+$792M
2
YHOO
Yahoo Inc
YHOO
+$235M
3
HSH
HILLSHIRE BRANDS CO
HSH
+$190M
4
QCOR
QUESTCOR PHARMA INC
QCOR
+$172M
5
ORCL icon
Oracle
ORCL
+$110M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 19.07%
2 Healthcare 13.74%
3 Communication Services 12.07%
4 Technology 10.64%
5 Consumer Staples 9.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MACK
101
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
– –
-77,531
Closed -$4.45M
YHOO
102
DELISTED
Yahoo Inc
YHOO
– –
-6,679,000
Closed -$235M
ITMN
103
DELISTED
INTERMUNE INC
ITMN
– –
-300,000
Closed -$13.2M
MCRS
104
DELISTED
MICROS SYSTEMS INC
MCRS
– –
-150,000
Closed -$10.2M
HSH
105
DELISTED
HILLSHIRE BRANDS CO
HSH
– –
-3,050,000
Closed -$190M
QCOR
106
DELISTED
QUESTCOR PHARMA INC
QCOR
– –
-1,855,000
Closed -$172M
QCOR
107
PUT
DELISTED
QUESTCOR PHARMA INC
QCOR
– –
-425,000
Closed -$39.3M
IDIX
108
DELISTED
IDENIX PHARMACEUTICALS INC
IDIX
– –
-840,000
Closed -$20.2M
GA
109
DELISTED
GIANT INTERACTIVE GROUP INC ADR (CAYMAN ISLANDS)
GA
– –
-6,780,000
Closed -$80.3M
FRX
110
DELISTED
FOREST LABORATORIES INC
FRX
– –
-7,935,000
Closed -$792M
GLCH
111
DELISTED
GLEACHER & CO INC COM NEW (NY)
GLCH
– –
-451,000
Closed -$4.74M
1 2 3 4
5

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Thomas Steyer's Q3 2014 Portfolio in Review

As of Q3 2014, Thomas Steyer held 115 positions worth $6.23B, down 10% from $6.93B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Thomas Steyer withdrew a net $755M in Q3 2014, closing 31 positions and reducing 18 holdings. Its most notable exit was FOREST LABORATORIES INC, an estimated $792M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, up from 12% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Thomas Steyer opened a new position in Time Warner Inc worth $178M.

  • Thomas Steyer's largest Q3 2014 buy was Time Warner Inc: 2,365,000 shares worth $178M.
  • Thomas Steyer added most to DIRECTV COM STK (DE) in Q3 2014, an estimated $233M increase.
  • Thomas Steyer's biggest Q3 2014 reduction was American Tower, cutting an estimated $99M.
  • Thomas Steyer fully exited FOREST LABORATORIES INC in Q3 2014, selling an estimated $792M.
  • Thomas Steyer's ten largest holdings make up 37% of its $6.23B portfolio in Q3 2014.
  • Thomas Steyer opened 19 new positions and closed 31 in Q3 2014.
  • Thomas Steyer's portfolio value fell 10% quarter-over-quarter to $6.23B.

Based on Farallon Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.