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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
+4.27%
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
$7.45B
AUM Growth
+$600M
(+8.8%)
Cap. Flow
+$526M
Cap. Flow % of AUM
Cap. Flow %
7.06%
Top 10 Holdings %
Top 10 Hldgs %
47.64%
Holding
120
New
28
Increased
23
Reduced
22
Closed
26
Avg Time Held
Equity + Options
0.6
years
Top 10 Avg Time Held
Equity + Options
0.2
years
Top 20 Avg Time Held
Equity + Options
0.4
years
Avg Time Held Equity only
0.7
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
HSP
HOSPIRA INC
HSP
|
+$458M |
| 2 |
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
|
+$409M |
| 3 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$368M |
| 4 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$274M |
| 5 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$157M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCYC
PHARMACYCLICS INC
PCYC
|
+$498M |
| 2 |
TRW
TRW AUTOMOTIVE HOLDINGS CORP
TRW
|
+$301M |
| 3 |
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
|
+$268M |
| 4 |
Brightstar Lottery PLC
BRSL
|
+$215M |
| 5 |
Hudson Pacific Properties
HPP
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.31% |
| 2 | Miscellaneous | 18.72% |
| 3 | Communication Services | 16.41% |
| 4 | Industrials | 11.66% |
| 5 | Technology | 11.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
HSP
1
DELISTED
HOSPIRA INC
HSP
| $663M | 8.91% |
7,479,055
+5,199,055
| +228% | +$458M |
2015 Q1
1 quarter
|
|
|
DTV
2
DELISTED
DIRECTV COM STK (DE)
DTV
| $580M | 7.79% |
6,250,000
+1,740,000
| +39% | +$157M |
2014 Q2
4 quarters
|
|
|
CTRX
3
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $416M | 5.59% |
+6,817,500
| New | +$409M |
2015 Q2
0 quarters
|
|
|
TWC
4
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $396M | 5.32% |
+2,222,469
| New | +$368M |
2015 Q2
0 quarters
|
|
|
BRCM
5
DELISTED
BROADCOM CORP CL-A
BRCM
| $290M | 3.89% |
+5,623,300
| New | +$274M |
2015 Q2
0 quarters
|
|
|
AGN
6
DELISTED
Allergan plc
AGN
| $279M | 3.75% |
919,284
-66,000
| -7% | -$19.7M |
2014 Q4
2 quarters
|
|
|
SIAL
7
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $278M | 3.73% |
1,992,000
+717,764
| +56% | +$100M |
2014 Q4
2 quarters
|
|
|
TWX
8
DELISTED
Time Warner Inc
TWX
| $258M | 3.46% |
2,952,212
+992,212
| +51% | +$84.7M |
2014 Q3
3 quarters
|
|
9
Charter Communications
CHTR
$15.8B
| $198M | 2.66% |
1,157,000
+342,000
| +42% | +$61.5M |
2013 Q2
8 quarters
|
|
10
Alphabet (Google) Class C
GOOG
$3.6T
| $191M | 2.56% |
7,188,080
+1,412,266
| +24% | +$37.8M |
2013 Q2
8 quarters
|
|
|
PCP
11
DELISTED
PRECISION CASTPARTS CORP
PCP
| $190M | 2.55% |
949,299
+232,299
| +32% | +$48.8M |
2015 Q1
1 quarter
|
|
|
BHI
12
DELISTED
Baker Hughes
BHI
| $161M | 2.16% |
2,605,000
| – | – |
2014 Q4
2 quarters
|
|
13
American Tower
AMT
$88.9B
| $160M | 2.14% |
1,710,000
+50,000
| +3% | +$4.73M |
2013 Q2
8 quarters
|
|
14
Signet Jewelers
SIG
$4.37B
| $157M | 2.11% |
1,227,000
+92,000
| +8% | +$12.3M |
2014 Q2
4 quarters
|
|
15
Charles Schwab
SCHW
$160B
| $153M | 2.06% |
4,698,000
| – | – |
2014 Q2
4 quarters
|
|
|
KLXI
16
DELISTED
KLX Inc.
KLXI
| $140M | 1.88% |
3,753,690
-604,860
| -14% | -$21.9M |
2014 Q4
2 quarters
|
|
17
TransDigm Group
TDG
$66.5B
| $130M | 1.75% |
580,000
| – | – |
2013 Q2
8 quarters
|
|
18
Microsoft
MSFT
$3.89T
| $130M | 1.75% |
2,945,000
-95,000
| -3% | -$4.33M |
2013 Q3
7 quarters
|
|
|
TFCFA
19
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $129M | 1.73% |
3,965,000
+580,000
| +17% | +$19.5M |
2013 Q3
7 quarters
|
|
20
Viatris
VTRS
$23.9B
| $125M | 1.68% |
+1,846,000
| New | +$130M |
2015 Q2
0 quarters
|
|
|
DRC
21
DELISTED
DRESSER-RAND GROUP INC
DRC
| $116M | 1.56% |
1,360,000
| – | – |
2014 Q4
2 quarters
|
|
|
BEAV
22
DELISTED
B/E Aerospace Inc
BEAV
| $116M | 1.55% |
2,104,200
+654,200
| +45% | +$38.9M |
2014 Q4
2 quarters
|
|
23
Affiliated Managers Group
AMG
$9.7B
| $110M | 1.48% |
505,000
| – | – |
2015 Q1
1 quarter
|
|
24
Allison Transmission
ALSN
$10.4B
| $108M | 1.45% |
+3,700,000
| New | +$115M |
2015 Q2
0 quarters
|
|
25
eBay
EBAY
$53.1B
| $107M | 1.44% |
4,217,400
-154,440
| -4% | -$3.85M |
2013 Q4
6 quarters
|
|
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Thomas Steyer's Q2 2015 Portfolio in Review
As of Q2 2015, Thomas Steyer held 120 positions worth $7.45B, up 8.8% from $6.85B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Thomas Steyer deployed $526M of net new capital in Q2 2015, opening 28 new positions and adding to 23 existing holdings. Its largest new stake was CATAMARAN CORP COM STK (CDA): 6,817,500 shares worth $416M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 10% a quarter earlier, followed by Miscellaneous and Communication Services.
On the sell side, the largest reduction was Hudson Pacific Properties, an estimated $157M trimmed.
- Thomas Steyer's largest Q2 2015 buy was CATAMARAN CORP COM STK (CDA): 6,817,500 shares worth $416M.
- Thomas Steyer added most to HOSPIRA INC in Q2 2015, an estimated $458M increase.
- Thomas Steyer's biggest Q2 2015 reduction was Hudson Pacific Properties, cutting an estimated $157M.
- Thomas Steyer fully exited PHARMACYCLICS INC in Q2 2015, selling an estimated $498M.
- Thomas Steyer's ten largest holdings make up 48% of its $7.45B portfolio in Q2 2015.
- Thomas Steyer opened 28 new positions and closed 26 in Q2 2015.
- Thomas Steyer's portfolio value rose 8.8% quarter-over-quarter to $7.45B.
Based on Farallon Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.