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Thomas Steyer Farallon Capital Management
AUM
$21.7B
Turnover
63.92%
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
+8.96%
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
$6.93B
AUM Growth
+$1.84B
(+36%)
Cap. Flow
+$1.24B
Cap. Flow % of AUM
Cap. Flow %
17.84%
Top 10 Holdings %
Top 10 Hldgs %
40.16%
Holding
121
New
33
Increased
24
Reduced
21
Closed
24
Avg Time Held
Equity + Options
0.4
years
Top 10 Avg Time Held
Equity + Options
0.3
years
Top 20 Avg Time Held
Equity + Options
0.5
years
Avg Time Held Equity only
0.5
years
Top 10 Avg Time Held Equity only
0.3
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRX
FOREST LABORATORIES INC
FRX
|
+$628M |
| 2 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$165M |
| 3 |
QCOR
QUESTCOR PHARMA INC
QCOR
|
+$159M |
| 4 |
HSH
HILLSHIRE BRANDS CO
HSH
|
+$138M |
| 5 |
AGN
Allergan Inc
AGN
|
+$95.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$251M |
| 2 |
Dollar General
DG
|
+$180M |
| 3 |
Charter Communications
CHTR
|
+$100M |
| 4 |
Walt Disney
DIS
|
+$97.1M |
| 5 |
SiriusXM
SIRI
|
+$67.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.33% |
| 2 | Miscellaneous | 14.13% |
| 3 | Consumer Discretionary | 12.11% |
| 4 | Real Estate | 9.7% |
| 5 | Consumer Staples | 9.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
FRX
1
DELISTED
FOREST LABORATORIES INC
FRX
| $792M | 11.44% |
7,935,000
+6,735,000
| +561% | +$628M |
2014 Q1
1 quarter
|
|
2
American Tower
AMT
$88.9B
| $279M | 4.03% |
3,100,000
-113,000
| -4% | -$9.8M |
2013 Q2
4 quarters
|
|
|
TFCFA
3
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $237M | 3.42% |
6,745,000
+350,000
| +5% | +$11.9M |
2013 Q3
3 quarters
|
|
|
YHOO
4
DELISTED
Yahoo Inc
YHOO
| $235M | 3.39% |
6,679,000
+944,000
| +16% | +$33M |
2013 Q2
4 quarters
|
|
5
Hudson Pacific Properties
HPP
$481M
| $221M | 3.19% |
1,246,002
| – | – |
2013 Q2
4 quarters
|
|
|
SWY
6
DELISTED
SAFEWAY INC
SWY
| $217M | 3.13% |
6,313,900
+2,059,359
| +48% | +$70.3M |
2014 Q1
1 quarter
|
|
|
7
Charter Communications
CHTR
$15.8B
| $209M | 3.02% |
1,320,000
-723,500
| -35% | -$100M |
2013 Q2
4 quarters
|
|
8
Ross Stores
ROST
$74B
| $204M | 2.94% |
6,160,000
+1,650,000
| +37% | +$56.6M |
2013 Q4
2 quarters
|
|
|
COV
9
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $198M | 2.86% |
+2,200,000
| New | +$165M |
2014 Q2
0 quarters
|
|
|
HSH
10
DELISTED
HILLSHIRE BRANDS CO
HSH
| $190M | 2.74% |
+3,050,000
| New | +$138M |
2014 Q2
0 quarters
|
|
11
Microsoft
MSFT
$3.89T
| $185M | 2.68% |
4,445,000
-110,000
| -2% | -$4.45M |
2013 Q3
3 quarters
|
|
12
Alphabet (Google) Class C
GOOG
$3.6T
| $178M | 2.57% |
6,148,835
+2,812,376
| +84% | +$76.3M |
2013 Q2
4 quarters
|
|
|
HCBK
13
DELISTED
HUDSON CITY BANCORP INC
HCBK
| $174M | 2.5% |
17,650,000
+7,185,000
| +69% | +$70.8M |
2013 Q3
3 quarters
|
|
|
QCOR
14
DELISTED
QUESTCOR PHARMA INC
QCOR
| $172M | 2.48% |
+1,855,000
| New | +$159M |
2014 Q2
0 quarters
|
|
15
State Street
STT
$47.2B
| $172M | 2.48% |
2,550,000
+10,000
| +0.4% | +$658K |
2013 Q2
4 quarters
|
|
16
Coca-Cola Europacific Partners
CCEP
$52B
| $168M | 2.42% |
3,515,000
+1,780,000
| +103% | +$82.1M |
2014 Q1
1 quarter
|
|
17
O-I Glass
OI
$764M
| $161M | 2.32% |
4,646,905
+686,905
| +17% | +$22.7M |
2013 Q2
4 quarters
|
|
18
Bath & Body Works
BBWI
$4.31B
| $146M | 2.1% |
3,072,708
+24,245
| +0.8% | +$1.11M |
2013 Q2
4 quarters
|
|
19
TransDigm Group
TDG
$66.5B
| $138M | 1.99% |
824,000
-44,000
| -5% | -$7.93M |
2013 Q2
4 quarters
|
|
|
FWLT
20
DELISTED
FOSTER WHEELER AG (SWITZERLAND)
FWLT
| $124M | 1.79% |
3,647,436
+376,936
| +12% | +$12.7M |
2014 Q1
1 quarter
|
|
21
PUT
Tesla
TSLA
$1.54T
| $120M | 1.73% |
7,500,000
| – | – |
2013 Q3
3 quarters
|
|
22
Booking.com
BKNG
$119B
| $113M | 1.63% |
2,350,000
+662,500
| +39% | +$31.8M |
2013 Q2
4 quarters
|
|
|
ESRX
23
DELISTED
Express Scripts Holding Company
ESRX
| $112M | 1.62% |
1,621,400
+341,400
| +27% | +$24M |
2013 Q2
4 quarters
|
|
24
Oracle
ORCL
$391B
| $110M | 1.59% |
2,720,000
-450,000
| -14% | -$18.5M |
2013 Q2
4 quarters
|
|
25
eBay
EBAY
$53.1B
| $108M | 1.56% |
5,144,040
-653,400
| -11% | -$14.2M |
2013 Q4
2 quarters
|
|
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DCP
Thomas Steyer's Q2 2014 Portfolio in Review
As of Q2 2014, Thomas Steyer held 121 positions worth $6.93B, up 36% from $5.09B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Thomas Steyer deployed $1.24B of net new capital in Q2 2014, opening 33 new positions and adding to 24 existing holdings. Its largest new stake was COVIDIEN PLC COM SHS NEW (IRELAND): 2,200,000 shares worth $198M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 7.4% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.
On the sell side, the largest reduction was Charter Communications, an estimated $100M trimmed.
- Thomas Steyer's largest Q2 2014 buy was COVIDIEN PLC COM SHS NEW (IRELAND): 2,200,000 shares worth $198M.
- Thomas Steyer added most to FOREST LABORATORIES INC in Q2 2014, an estimated $628M increase.
- Thomas Steyer's biggest Q2 2014 reduction was Charter Communications, cutting an estimated $100M.
- Thomas Steyer fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2014, selling an estimated $251M.
- Thomas Steyer's ten largest holdings make up 40% of its $6.93B portfolio in Q2 2014.
- Thomas Steyer opened 33 new positions and closed 24 in Q2 2014.
- Thomas Steyer's portfolio value rose 36% quarter-over-quarter to $6.93B.
Based on Farallon Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.