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 |
Charter Communications
CHTR
|
+$186M |
| 2 |
YHOO
Yahoo Inc
YHOO
|
+$160M |
| 3 |
SWY
SAFEWAY INC
SWY
|
+$132M |
| 4 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$106M |
| 5 |
FWLT
FOSTER WHEELER AG (SWITZERLAND)
FWLT
|
+$102M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LPS
LENDER PROCESSING SERVICES INC
LPS
|
+$159M |
| 2 |
HMA
HEALTH MGMT ASSOC INC CL-A
HMA
|
+$144M |
| 3 |
AGN
Allergan plc
AGN
|
+$110M |
| 4 |
Constellation Brands
STZ
|
+$99.4M |
| 5 |
EMC
EMC CORPORATION
EMC
|
+$92.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 18.94% |
| 2 | Consumer Discretionary | 13.67% |
| 3 | Real Estate | 10.68% |
| 4 | Consumer Staples | 10% |
| 5 | Industrials | 9.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
American Tower
AMT
$81.9B
| $263M | 5.17% |
3,213,000
+372,000
| +13% | +$30.3M |
|
|
2
Charter Communications
CHTR
$17.9B
| $252M | 4.94% |
2,043,500
+1,420,500
| +228% | +$186M |
|
|
TWC
3
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $251M | 4.93% |
1,828,000
-604,000
| -25% | -$82.6M |
|
|
YHOO
4
DELISTED
Yahoo Inc
YHOO
| $206M | 4.04% |
5,735,000
+4,205,000
| +275% | +$160M |
|
|
TFCFA
5
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $204M | 4.02% |
6,395,000
+3,245,000
| +103% | +$106M |
|
|
HPP
6
Hudson Pacific Properties
HPP
$787M
| $201M | 3.95% |
1,246,002
-501,692
| -29% | -$78.4M |
|
7
Microsoft
MSFT
$3.59T
| $187M | 3.67% |
4,555,000
+1,130,000
| +33% | +$42.4M |
|
8
Dollar General
DG
$27.2B
| $180M | 3.54% |
3,245,000
+910,000
| +39% | +$53M |
|
9
State Street
STT
$51.4B
| $177M | 3.47% |
2,540,000
+710,200
| +39% | +$49.1M |
|
10
Ross Stores
ROST
$76.7B
| $161M | 3.17% |
4,510,000
+1,440,000
| +47% | +$51.1M |
|
11
TransDigm Group
TDG
$66.4B
| $161M | 3.16% |
868,000
-202,000
| -19% | -$35.3M |
|
|
SWY
12
DELISTED
SAFEWAY INC
SWY
| $141M | 2.76% |
+4,254,541
| New | +$132M |
|
13
Bath & Body Works
BBWI
$3.92B
| $140M | 2.75% |
3,048,463
+663,527
| +28% | +$30M |
|
14
eBay
EBAY
$46.3B
| $135M | 2.65% |
5,797,440
-2,031,480
| -26% | -$47.2M |
|
15
O-I Glass
OI
$1.1B
| $134M | 2.63% |
3,960,000
+60,000
| +2% | +$1.99M |
|
16
Oracle
ORCL
$422B
| $130M | 2.55% |
3,170,000
+400,000
| +14% | +$15.2M |
|
|
FRX
17
DELISTED
FOREST LABORATORIES INC
FRX
| $111M | 2.17% |
+1,200,000
| New | +$96.8M |
|
|
FWLT
18
DELISTED
FOSTER WHEELER AG (SWITZERLAND)
FWLT
| $106M | 2.08% |
+3,270,500
| New | +$102M |
|
19
PUT
Tesla
TSLA
$1.43T
| $104M | 2.05% |
7,500,000
| – | – |
|
|
HCBK
20
DELISTED
HUDSON CITY BANCORP INC
HCBK
| $103M | 2.02% |
10,465,000
-2,650,000
| -20% | -$24.8M |
|
21
Walt Disney
DIS
$186B
| $97.1M | 1.91% |
1,212,500
-212,500
| -15% | -$16.5M |
|
|
ESRX
22
DELISTED
Express Scripts Holding Company
ESRX
| $96.1M | 1.89% |
1,280,000
-353,500
| -22% | -$26.5M |
|
23
Alphabet (Google) Class C
GOOG
$4.18T
| $92.6M | 1.82% |
3,336,459
-1,240,633
| -27% | -$36.1M |
|
24
Coca-Cola Europacific Partners
CCEP
$47.7B
| $82.9M | 1.63% |
+1,735,000
| New | +$79M |
|
25
Booking.com
BKNG
$158B
| $80.5M | 1.58% |
1,687,500
-157,500
| -9% | -$7.77M |
|
Similar funds
Thomas Steyer's Q1 2014 Portfolio in Review
As of Q1 2014, Thomas Steyer held 114 positions worth $5.09B, up 5.4% from $4.83B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Thomas Steyer deployed $193M of net new capital in Q1 2014, opening 34 new positions and adding to 24 existing holdings. Its largest new stake was SAFEWAY INC: 4,254,541 shares worth $141M.
By sector, the portfolio is most concentrated in Communication Services at 19% of assets, up from 17% a quarter earlier, followed by Consumer Discretionary and Real Estate.
On the sell side, the largest reduction was TIME WARNER CABLE INC NEW COM STK, an estimated $82.6M trimmed.
- Thomas Steyer's largest Q1 2014 buy was SAFEWAY INC: 4,254,541 shares worth $141M.
- Thomas Steyer added most to Charter Communications in Q1 2014, an estimated $186M increase.
- Thomas Steyer's biggest Q1 2014 reduction was TIME WARNER CABLE INC NEW COM STK, cutting an estimated $82.6M.
- Thomas Steyer fully exited LENDER PROCESSING SERVICES INC in Q1 2014, selling an estimated $159M.
- Thomas Steyer's ten largest holdings make up 41% of its $5.09B portfolio in Q1 2014.
- Thomas Steyer opened 34 new positions and closed 26 in Q1 2014.
- Thomas Steyer's portfolio value rose 5.4% quarter-over-quarter to $5.09B.
Based on Farallon Capital Management's 13F filing for Q1 2014, filed 15 May 2014.