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 |
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
|
+$99.8M |
| 4 |
Walt Disney
DIS
|
+$97.1M |
| 5 |
SiriusXM
SIRI
|
+$67.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.33% |
| 2 | Consumer Discretionary | 12.11% |
| 3 | Real Estate | 9.7% |
| 4 | Consumer Staples | 9.64% |
| 5 | Communication Services | 9.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FRX
1
DELISTED
FOREST LABORATORIES INC
FRX
| $792M | 11.44% |
7,935,000
+6,735,000
| +561% | +$628M |
|
2
American Tower
AMT
$81.9B
| $279M | 4.03% |
3,100,000
-113,000
| -4% | -$9.78M |
|
|
TFCFA
3
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $237M | 3.42% |
6,745,000
+350,000
| +5% | +$11.9M |
|
|
YHOO
4
DELISTED
Yahoo Inc
YHOO
| $235M | 3.39% |
6,679,000
+944,000
| +16% | +$33M |
|
|
HPP
5
Hudson Pacific Properties
HPP
$787M
| $221M | 3.19% |
1,246,002
| – | – |
|
|
SWY
6
DELISTED
SAFEWAY INC
SWY
| $217M | 3.13% |
6,313,900
+2,059,359
| +48% | +$70.3M |
|
|
7
Charter Communications
CHTR
$17.9B
| $209M | 3.02% |
1,320,000
-723,500
| -35% | -$99.8M |
|
8
Ross Stores
ROST
$76.7B
| $204M | 2.94% |
6,160,000
+1,650,000
| +37% | +$56.6M |
|
|
COV
9
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $198M | 2.86% |
+2,200,000
| New | +$165M |
|
|
HSH
10
DELISTED
HILLSHIRE BRANDS CO
HSH
| $190M | 2.74% |
+3,050,000
| New | +$138M |
|
11
Microsoft
MSFT
$3.59T
| $185M | 2.68% |
4,445,000
-110,000
| -2% | -$4.45M |
|
12
Alphabet (Google) Class C
GOOG
$4.18T
| $178M | 2.57% |
6,148,835
+2,812,376
| +84% | +$76.3M |
|
|
HCBK
13
DELISTED
HUDSON CITY BANCORP INC
HCBK
| $174M | 2.5% |
17,650,000
+7,185,000
| +69% | +$70.8M |
|
|
QCOR
14
DELISTED
QUESTCOR PHARMA INC
QCOR
| $172M | 2.48% |
+1,855,000
| New | +$159M |
|
15
State Street
STT
$51.4B
| $172M | 2.48% |
2,550,000
+10,000
| +0.4% | +$658K |
|
16
Coca-Cola Europacific Partners
CCEP
$47.7B
| $168M | 2.42% |
3,515,000
+1,780,000
| +103% | +$82.1M |
|
17
O-I Glass
OI
$1.1B
| $161M | 2.32% |
4,646,905
+686,905
| +17% | +$22.7M |
|
18
Bath & Body Works
BBWI
$3.92B
| $146M | 2.1% |
3,072,708
+24,245
| +0.8% | +$1.11M |
|
19
TransDigm Group
TDG
$66.4B
| $138M | 1.99% |
824,000
-44,000
| -5% | -$7.93M |
|
|
FWLT
20
DELISTED
FOSTER WHEELER AG (SWITZERLAND)
FWLT
| $124M | 1.79% |
3,647,436
+376,936
| +12% | +$12.7M |
|
21
PUT
Tesla
TSLA
$1.43T
| $120M | 1.73% |
7,500,000
| – | – |
|
22
Booking.com
BKNG
$158B
| $113M | 1.63% |
2,350,000
+662,500
| +39% | +$31.8M |
|
|
ESRX
23
DELISTED
Express Scripts Holding Company
ESRX
| $112M | 1.62% |
1,621,400
+341,400
| +27% | +$24M |
|
24
Oracle
ORCL
$422B
| $110M | 1.59% |
2,720,000
-450,000
| -14% | -$18.5M |
|
25
eBay
EBAY
$46.3B
| $108M | 1.56% |
5,144,040
-653,400
| -11% | -$14.2M |
|
Similar funds
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 $1.42B 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 Consumer Discretionary and Real Estate.
On the sell side, the largest reduction was Charter Communications, an estimated $99.8M 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 $99.8M.
- 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.