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 |
STJ
St Jude Medical
STJ
|
+$328M |
| 2 |
LNKD
LinkedIn Corporation
LNKD
|
+$127M |
| 3 |
General Dynamics
GD
|
+$91.9M |
| 4 |
Signet Jewelers
SIG
|
+$91.4M |
| 5 |
IMS
IMS HEALTH HLDGS INC COM STK (DE)
IMS
|
+$84.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$776M |
| 2 |
SNDK
SANDISK CORP
SNDK
|
+$460M |
| 3 |
JAH
JARDEN CORPORATION
JAH
|
+$400M |
| 4 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$354M |
| 5 |
Humana
HUM
|
+$172M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.02% |
| 2 | Communication Services | 13.28% |
| 3 | Healthcare | 12.3% |
| 4 | Industrials | 8.08% |
| 5 | Consumer Discretionary | 6.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.8B | 24.71% |
8,579,000
-4,280,800
| -33% | -$888M |
|
|
EMC
2
DELISTED
EMC CORPORATION
EMC
| $413M | 5.67% |
15,190,000
-1,925,000
| -11% | -$52M |
|
|
STJ
3
DELISTED
St Jude Medical
STJ
| $359M | 4.93% |
+4,600,000
| New | +$328M |
|
4
SBA Communications
SBAC
$19.4B
| $319M | 4.38% |
2,951,580
-16,078
| -0.5% | -$1.63M |
|
5
Charter Communications
CHTR
$17.9B
| $240M | 3.3% |
1,051,366
-197,740
| -16% | -$42.5M |
|
|
6
Signet Jewelers
SIG
$3.16B
| $232M | 3.19% |
2,812,471
+899,618
| +47% | +$91.4M |
|
7
Alphabet (Google) Class C
GOOG
$4.18T
| $227M | 3.12% |
6,550,060
+1,681,600
| +35% | +$60.4M |
|
8
Corpay
CPAY
$27.4B
| $179M | 2.47% |
1,253,909
-7,416
| -0.6% | -$1.1M |
|
|
LNKD
9
DELISTED
LinkedIn Corporation
LNKD
| $174M | 2.39% |
+920,000
| New | +$127M |
|
|
IMS
10
DELISTED
IMS HEALTH HLDGS INC COM STK (DE)
IMS
| $161M | 2.21% |
6,347,206
+3,281,134
| +107% | +$84.1M |
|
11
Microsoft
MSFT
$3.59T
| $160M | 2.19% |
3,118,488
+294,102
| +10% | +$15.3M |
|
12
TransDigm Group
TDG
$66.4B
| $155M | 2.13% |
587,235
-233,557
| -28% | -$57M |
|
|
AGN
13
DELISTED
Allergan plc
AGN
| $150M | 2.07% |
650,400
-512,100
| -44% | -$118M |
|
|
14
PUT
Humana
HUM
$45.5B
| $144M | 1.98% |
800,000
+400,000
| +100% | +$71.1M |
|
15
Allison Transmission
ALSN
$11B
| $143M | 1.97% |
5,075,140
-1,063,810
| -17% | -$29.5M |
|
16
SS&C Technologies
SSNC
$19.5B
| $140M | 1.92% |
4,973,176
+1,087,578
| +28% | +$32.6M |
|
|
TFCFA
17
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $138M | 1.89% |
5,088,114
-464,839
| -8% | -$13.5M |
|
|
HDS
18
DELISTED
HD Supply Holdings, Inc.
HDS
| $137M | 1.88% |
3,934,136
-682,437
| -15% | -$23.2M |
|
19
Cognizant
CTSH
$27.9B
| $133M | 1.83% |
2,323,622
+635,538
| +38% | +$38.4M |
|
|
KLXI
20
DELISTED
KLX Inc.
KLXI
| $127M | 1.75% |
4,859,872
| – | – |
|
|
21
Humana
HUM
$45.5B
| $126M | 1.73% |
700,000
-970,000
| -58% | -$172M |
|
22
Booking.com
BKNG
$158B
| $107M | 1.47% |
2,135,900
-79,925
| -4% | -$4.15M |
|
23
Fidelity National Information Services
FIS
$21.3B
| $104M | 1.43% |
1,413,722
+76,232
| +6% | +$5.36M |
|
|
IHS
24
DELISTED
IHS INC CL-A COM STK
IHS
| $96M | 1.32% |
830,460
+646,831
| +352% | +$77.6M |
|
|
25
General Dynamics
GD
$104B
| $91.8M | 1.26% |
+659,198
| New | +$91.9M |
|
Similar funds
Thomas Steyer's Q2 2016 Portfolio in Review
As of Q2 2016, Thomas Steyer held 88 positions worth $7.27B, down 30% from $10.5B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Thomas Steyer withdrew a net $3.49B in Q2 2016, closing 24 positions and reducing 20 holdings. Its most notable exit was TIME WARNER CABLE INC NEW COM STK, an estimated $776M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 14% a quarter earlier, followed by Communication Services and Healthcare.
Against the trend, Thomas Steyer opened a new position in St Jude Medical worth $359M.
- Thomas Steyer's largest Q2 2016 buy was St Jude Medical: 4,600,000 shares worth $359M.
- Thomas Steyer added most to Signet Jewelers in Q2 2016, an estimated $91.4M increase.
- Thomas Steyer's biggest Q2 2016 reduction was Humana, cutting an estimated $172M.
- Thomas Steyer fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $776M.
- Thomas Steyer's ten largest holdings make up 56% of its $7.27B portfolio in Q2 2016.
- Thomas Steyer opened 13 new positions and closed 24 in Q2 2016.
- Thomas Steyer's portfolio value fell 30% quarter-over-quarter to $7.27B.
Based on Farallon Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.