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 |
ESRX
Express Scripts Holding Company
ESRX
|
+$353M |
| 2 |
Equinix
EQIX
|
+$266M |
| 3 |
Booking.com
BKNG
|
+$252M |
| 4 |
EVHC
Envision Healthcare Holdings Inc
EVHC
|
+$203M |
| 5 |
AABA
Altaba Inc
AABA
|
+$162M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Keurig Dr Pepper
KDP
|
+$596M |
| 2 |
XL
XL Group Ltd.
XL
|
+$407M |
| 3 |
LOGM
LogMein, Inc.
LOGM
|
+$214M |
| 4 |
Gilead Sciences
GILD
|
+$207M |
| 5 |
IQVIA
IQV
|
+$126M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 24.46% |
| 2 | Technology | 17.58% |
| 3 | Communication Services | 13.12% |
| 4 | Financials | 12.19% |
| 5 | Industrials | 9.4% |
| 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
| $2.7B | 15.95% |
9,290,500
-344,500
| -4% | -$98.1M |
|
|
AET
2
DELISTED
Aetna Inc
AET
| $1.51B | 8.9% |
7,425,000
+635,000
| +9% | +$124M |
|
|
AABA
3
DELISTED
Altaba Inc
AABA
| $1.45B | 8.55% |
21,237,317
+2,302,317
| +12% | +$162M |
|
|
ESRX
4
DELISTED
Express Scripts Holding Company
ESRX
| $1.13B | 6.68% |
11,895,000
+4,140,000
| +53% | +$353M |
|
5
Dell
DELL
$286B
| $621M | 3.67% |
22,765,528
+1,122,420
| +5% | +$29.9M |
|
|
COL
6
DELISTED
Rockwell Collins
COL
| $584M | 3.45% |
4,155,000
-125,000
| -3% | -$17.2M |
|
7
Meta Platforms (Facebook)
META
$1.4T
| $409M | 2.41% |
2,485,943
+373,313
| +18% | +$67.6M |
|
|
8
IQVIA
IQV
$42.8B
| $394M | 2.33% |
3,039,386
-1,050,888
| -26% | -$126M |
|
9
Charter Communications
CHTR
$17.9B
| $386M | 2.28% |
1,182,980
+306,042
| +35% | +$93.4M |
|
10
Alphabet (Google) Class C
GOOG
$4.18T
| $376M | 2.22% |
6,294,100
-782,400
| -11% | -$46.9M |
|
11
Wabtec
WAB
$50.3B
| $367M | 2.17% |
3,500,600
-782,386
| -18% | -$84.3M |
|
12
General Dynamics
GD
$104B
| $363M | 2.14% |
1,770,722
+73,007
| +4% | +$14.3M |
|
13
Visa
V
$693B
| $296M | 1.75% |
1,973,191
-808,230
| -29% | -$115M |
|
|
PLYA
14
DELISTED
Playa Hotels & Resorts
PLYA
| $295M | 1.74% |
30,606,930
| – | – |
|
15
Tilray
TLRY
$666M
| $285M | 1.69% |
+247,952
| New | +$159M |
|
16
Elevance Health
ELV
$86.9B
| $284M | 1.68% |
1,035,000
| – | – |
|
|
INFO
17
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $273M | 1.61% |
5,055,245
-18,720
| -0.4% | -$1.01M |
|
|
18
Equinix
EQIX
$105B
| $263M | 1.56% |
+608,600
| New | +$266M |
|
|
EVHC
19
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $257M | 1.52% |
5,615,000
+4,525,000
| +415% | +$203M |
|
|
20
Booking.com
BKNG
$158B
| $254M | 1.5% |
+3,206,750
| New | +$252M |
|
21
TransUnion
TRU
$16.2B
| $252M | 1.49% |
3,427,611
-758,825
| -18% | -$56.4M |
|
22
Microsoft
MSFT
$3.59T
| $247M | 1.46% |
2,159,213
-363,543
| -14% | -$39.4M |
|
|
TFCF
23
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $246M | 1.45% |
5,360,000
+1,822,500
| +52% | +$82.7M |
|
24
Fidelity National Information Services
FIS
$21.3B
| $214M | 1.26% |
1,961,994
-18,211
| -0.9% | -$1.96M |
|
|
CTXS
25
DELISTED
Citrix Systems Inc
CTXS
| $202M | 1.19% |
1,812,849
+218,279
| +14% | +$24.2M |
|
Similar funds
Thomas Steyer's Q3 2018 Portfolio in Review
As of Q3 2018, Thomas Steyer held 122 positions worth $16.9B, up 4.6% from $16.2B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Thomas Steyer's Q3 2018 filing shows 26 new, 36 increased, 29 reduced and 20 closed positions. Its largest new stake was Equinix: 608,600 shares worth $263M. The largest sale was Keurig Dr Pepper, an estimated $596M.
By sector, the portfolio is most concentrated in Healthcare at 24% of assets, up from 21% a quarter earlier, followed by Technology and Communication Services.
- Thomas Steyer's largest Q3 2018 buy was Equinix: 608,600 shares worth $263M.
- Thomas Steyer added most to Express Scripts Holding Company in Q3 2018, an estimated $353M increase.
- Thomas Steyer's biggest Q3 2018 reduction was IQVIA, cutting an estimated $126M.
- Thomas Steyer fully exited Keurig Dr Pepper in Q3 2018, selling an estimated $596M.
- Thomas Steyer's ten largest holdings make up 56% of its $16.9B portfolio in Q3 2018.
- Thomas Steyer opened 26 new positions and closed 20 in Q3 2018.
- Thomas Steyer's portfolio value rose 4.6% quarter-over-quarter to $16.9B.
Based on Farallon Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.