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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
+4.88%
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
$7.27B
AUM Growth
-$3.18B
(-30%)
Cap. Flow
-$2.54B
Cap. Flow % of AUM
Cap. Flow %
-34.98%
Top 10 Holdings %
Top 10 Hldgs %
56.37%
Holding
88
New
13
Increased
18
Reduced
20
Closed
24
Avg Time Held
Equity + Options
0.9
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
0.9
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.5
years
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 |
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 | Miscellaneous | 32.1% |
| 2 | Technology | 18.02% |
| 3 | Communication Services | 13.28% |
| 4 | Healthcare | 12.3% |
| 5 | Industrials | 8.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$817B
| $1.8B | 24.71% |
8,579,000
-4,280,800
| -33% | -$888M |
2015 Q3
3 quarters
|
|
2
DELISTED
EMC CORPORATION
EMC
| $413M | 5.67% |
15,190,000
-1,925,000
| -11% | -$52M |
2015 Q4
2 quarters
|
|
|
STJ
3
DELISTED
St Jude Medical
STJ
| $359M | 4.93% |
+4,600,000
| New | +$328M |
2016 Q2
0 quarters
|
|
4
SBA Communications
SBAC
$19.5B
| $319M | 4.38% |
2,951,580
-16,078
| -0.5% | -$1.63M |
2015 Q4
2 quarters
|
|
5
Charter Communications
CHTR
$12B
| $240M | 3.3% |
1,051,366
-197,740
| -16% | -$42.5M |
2013 Q2
12 quarters
|
|
|
6
Signet Jewelers
SIG
$4.41B
| $232M | 3.19% |
2,812,471
+899,618
| +47% | +$91.4M |
2014 Q2
8 quarters
|
|
7
Alphabet (Google) Class C
GOOG
$3.87T
| $227M | 3.12% |
6,550,060
+1,681,600
| +35% | +$60.4M |
2013 Q2
12 quarters
|
|
8
Corpay
CPAY
$26.1B
| $179M | 2.47% |
1,253,909
-7,416
| -0.6% | -$1.1M |
2015 Q1
5 quarters
|
|
|
LNKD
9
DELISTED
LinkedIn Corporation
LNKD
| $174M | 2.39% |
+920,000
| New | +$127M |
2016 Q2
0 quarters
|
|
|
IMS
10
DELISTED
IMS HEALTH HLDGS INC COM STK (DE)
IMS
| $161M | 2.21% |
6,347,206
+3,281,134
| +107% | +$84.1M |
2016 Q1
1 quarter
|
|
11
Microsoft
MSFT
$3.95T
| $160M | 2.19% |
3,118,488
+294,102
| +10% | +$15.3M |
2013 Q3
11 quarters
|
|
12
TransDigm Group
TDG
$62.5B
| $155M | 2.13% |
587,235
-233,557
| -28% | -$57M |
2013 Q2
12 quarters
|
|
|
AGN
13
DELISTED
Allergan plc
AGN
| $150M | 2.07% |
650,400
-512,100
| -44% | -$118M |
2014 Q4
6 quarters
|
|
|
14
PUT
Humana
HUM
$49.8B
| $144M | 1.98% |
800,000
+400,000
| +100% | +$71.1M |
2016 Q1
1 quarter
|
|
15
Allison Transmission
ALSN
$8.89B
| $143M | 1.97% |
5,075,140
-1,063,810
| -17% | -$29.5M |
2015 Q2
4 quarters
|
|
16
SS&C Technologies
SSNC
$18.8B
| $140M | 1.92% |
4,973,176
+1,087,578
| +28% | +$32.6M |
2015 Q4
2 quarters
|
|
|
TFCFA
17
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $138M | 1.89% |
5,088,114
-464,839
| -8% | -$13.5M |
2013 Q3
11 quarters
|
|
|
HDS
18
DELISTED
HD Supply Holdings, Inc.
HDS
| $137M | 1.88% |
3,934,136
-682,437
| -15% | -$23.2M |
2015 Q2
4 quarters
|
|
19
Cognizant
CTSH
$29.8B
| $133M | 1.83% |
2,323,622
+635,538
| +38% | +$38.4M |
2016 Q1
1 quarter
|
|
|
KLXI
20
DELISTED
KLX Inc.
KLXI
| $127M | 1.75% |
4,859,872
| – | – |
2014 Q4
6 quarters
|
|
|
21
Humana
HUM
$49.8B
| $126M | 1.73% |
700,000
-970,000
| -58% | -$172M |
2015 Q2
4 quarters
|
|
22
Booking.com
BKNG
$113B
| $107M | 1.47% |
2,135,900
-79,925
| -4% | -$4.15M |
2013 Q2
12 quarters
|
|
23
Fidelity National Information Services
FIS
$18.4B
| $104M | 1.43% |
1,413,722
+76,232
| +6% | +$5.36M |
2016 Q1
1 quarter
|
|
24
DELISTED
IHS INC CL-A COM STK
IHS
| $96M | 1.32% |
830,460
+646,831
| +352% | +$77.6M |
2016 Q1
1 quarter
|
|
|
25
General Dynamics
GD
$96B
| $91.8M | 1.26% |
+659,198
| New | +$91.9M |
2016 Q2
0 quarters
|
|
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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 $2.54B 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 Miscellaneous at 32% of assets, down from 35% a quarter earlier, followed by Technology and Communication Services.
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.