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 |
ONXX
ONYX PHARMACEUTICALS INC
ONXX
|
+$248M |
| 2 |
ELN
ELAN CORP ADS(RP1 ORD4IRISH PN
ELN
|
+$141M |
| 3 |
DELL
DELL INC
DELL
|
+$136M |
| 4 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$129M |
| 5 |
Microsoft
MSFT
|
+$125M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NWSA
NEWS CORPORATION CL-A
NWSA
|
+$302M |
| 2 |
YHOO
Yahoo Inc
YHOO
|
+$267M |
| 3 |
SFD
SMITHFIELD FOODS,INC
SFD
|
+$165M |
| 4 |
AutoZone
AZO
|
+$144M |
| 5 |
Booking.com
BKNG
|
+$132M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 13.19% |
| 2 | Industrials | 11.39% |
| 3 | Healthcare | 10.25% |
| 4 | Real Estate | 10.23% |
| 5 | Consumer Discretionary | 10.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DELL
1
DELISTED
DELL INC
DELL
| $369M | 7.57% |
26,807,100
+10,017,100
| +60% | +$136M |
|
|
ONXX
2
DELISTED
ONYX PHARMACEUTICALS INC
ONXX
| $252M | 5.16% |
2,020,000
+1,957,500
| +3,132% | +$248M |
|
|
HPP
3
Hudson Pacific Properties
HPP
$787M
| $238M | 4.88% |
1,747,694
| – | – |
|
|
ELN
4
DELISTED
ELAN CORP ADS(RP1 ORD4IRISH PN
ELN
| $235M | 4.83% |
15,115,000
+9,370,600
| +163% | +$141M |
|
5
American Tower
AMT
$81.9B
| $168M | 3.43% |
2,260,000
+665,000
| +42% | +$48M |
|
6
TransDigm Group
TDG
$66.4B
| $163M | 3.33% |
1,172,500
+107,500
| +10% | +$15.3M |
|
7
Charter Communications
CHTR
$17.9B
| $159M | 3.27% |
1,183,000
-617,624
| -34% | -$78.4M |
|
|
EMC
8
DELISTED
EMC CORPORATION
EMC
| $150M | 3.07% |
5,850,000
-2,115,000
| -27% | -$54.9M |
|
|
ESRX
9
DELISTED
Express Scripts Holding Company
ESRX
| $147M | 3.02% |
2,380,000
+335,000
| +16% | +$21.7M |
|
10
Bath & Body Works
BBWI
$3.92B
| $144M | 2.95% |
2,913,135
-315,435
| -10% | -$14.4M |
|
|
TFCFA
11
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $138M | 2.82% |
+4,105,000
| New | +$129M |
|
12
Oracle
ORCL
$422B
| $137M | 2.81% |
4,139,000
+1,159,000
| +39% | +$37.6M |
|
13
Dollar General
DG
$27.2B
| $137M | 2.81% |
2,425,000
-1,187,000
| -33% | -$65.2M |
|
14
State Street
STT
$51.4B
| $131M | 2.68% |
1,990,000
-220,000
| -10% | -$15.1M |
|
|
15
Microsoft
MSFT
$3.59T
| $127M | 2.6% |
+3,805,000
| New | +$125M |
|
16
Alphabet (Google) Class C
GOOG
$4.18T
| $124M | 2.55% |
5,701,290
+1,565,847
| +38% | +$34.6M |
|
|
WCRX
17
DELISTED
WARNER CHILCOTT PLC ORD SHS CL A (IRL)
WCRX
| $119M | 2.44% |
5,200,000
| – | – |
|
18
O-I Glass
OI
$1.1B
| $117M | 2.4% |
3,900,000
-525,300
| -12% | -$15.6M |
|
19
Constellation Brands
STZ
$23.2B
| $115M | 2.35% |
1,995,000
-187,300
| -9% | -$10.2M |
|
|
COL
20
DELISTED
Rockwell Collins
COL
| $99.8M | 2.05% |
1,470,000
-145,000
| -9% | -$10.3M |
|
21
PUT
Tesla
TSLA
$1.43T
| $96.7M | 1.98% |
+7,500,000
| New | +$74.2M |
|
22
Comcast
CMCSA
$95.3B
| $88.5M | 1.81% |
+3,920,000
| New | +$85.4M |
|
|
LPS
23
DELISTED
LENDER PROCESSING SERVICES INC
LPS
| $87.2M | 1.79% |
2,620,000
+2,515,525
| +2,408% | +$81.7M |
|
24
Sally Beauty Holdings
SBH
$1.55B
| $84.2M | 1.73% |
3,220,400
-404,600
| -11% | -$11.3M |
|
|
25
Booking.com
BKNG
$158B
| $77M | 1.58% |
1,905,000
-3,535,000
| -65% | -$132M |
|
Similar funds
Thomas Steyer's Q3 2013 Portfolio in Review
As of Q3 2013, Thomas Steyer held 103 positions worth $4.88B, down 6.5% from $5.22B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Thomas Steyer withdrew a net $638M in Q3 2013, closing 26 positions and reducing 27 holdings. Its most notable exit was NEWS CORPORATION CL-A, an estimated $302M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 13% of assets, up from 9.9% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Thomas Steyer opened a new position in Twenty-First Century Fox, Inc. Class A worth $138M.
- Thomas Steyer's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 4,105,000 shares worth $138M.
- Thomas Steyer added most to ONYX PHARMACEUTICALS INC in Q3 2013, an estimated $248M increase.
- Thomas Steyer's biggest Q3 2013 reduction was Yahoo Inc, cutting an estimated $267M.
- Thomas Steyer fully exited NEWS CORPORATION CL-A in Q3 2013, selling an estimated $302M.
- Thomas Steyer's ten largest holdings make up 42% of its $4.88B portfolio in Q3 2013.
- Thomas Steyer opened 20 new positions and closed 26 in Q3 2013.
- Thomas Steyer's portfolio value fell 6.5% quarter-over-quarter to $4.88B.
Based on Farallon Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.