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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$538M |
| 2 |
RHT
Red Hat Inc
RHT
|
+$426M |
| 3 |
AABA
Altaba Inc
AABA
|
+$393M |
| 4 |
Cigna
CI
|
+$220M |
| 5 |
Equinix
EQIX
|
+$196M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$1.51B |
| 2 |
ESRX
Express Scripts Holding Company
ESRX
|
+$1.13B |
| 3 |
COL
Rockwell Collins
COL
|
+$584M |
| 4 |
Dell
DELL
|
+$430M |
| 5 |
EVHC
Envision Healthcare Holdings Inc
EVHC
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 23.71% |
| 2 | Healthcare | 20.51% |
| 3 | Technology | 18.84% |
| 4 | Industrials | 7.34% |
| 5 | Consumer Discretionary | 4.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.87B | 13.73% |
+7,495,000
| New | +$2.02B |
|
|
AABA
2
DELISTED
Altaba Inc
AABA
| $1.6B | 11.73% |
27,607,317
+6,370,000
| +30% | +$393M |
|
|
TFCFA
3
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $616M | 4.51% |
12,792,300
+11,357,300
| +791% | +$538M |
|
4
Alphabet (Google) Class C
GOOG
$4.18T
| $481M | 3.53% |
9,288,100
+2,994,000
| +48% | +$160M |
|
|
RHT
5
DELISTED
Red Hat Inc
RHT
| $472M | 3.46% |
+2,685,000
| New | +$426M |
|
6
Meta Platforms (Facebook)
META
$1.4T
| $400M | 2.93% |
3,051,148
+565,205
| +23% | +$81.9M |
|
|
7
Equinix
EQIX
$105B
| $392M | 2.87% |
1,110,892
+502,292
| +83% | +$196M |
|
8
Wabtec
WAB
$50.3B
| $389M | 2.85% |
5,531,059
+2,030,459
| +58% | +$177M |
|
9
IQVIA
IQV
$42.8B
| $374M | 2.74% |
3,219,308
+179,922
| +6% | +$21.8M |
|
|
TFCF
10
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $370M | 2.71% |
7,745,000
+2,385,000
| +44% | +$112M |
|
11
Charter Communications
CHTR
$17.9B
| $308M | 2.26% |
1,080,481
-102,499
| -9% | -$32.1M |
|
12
Visa
V
$693B
| $306M | 2.24% |
2,319,726
+346,535
| +18% | +$47.9M |
|
13
TransUnion
TRU
$16.2B
| $299M | 2.19% |
5,268,739
+1,841,128
| +54% | +$118M |
|
14
Booking.com
BKNG
$158B
| $285M | 2.09% |
4,137,050
+930,300
| +29% | +$68.2M |
|
|
INFO
15
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $284M | 2.08% |
5,920,016
+864,771
| +17% | +$44.2M |
|
16
Elevance Health
ELV
$86.9B
| $276M | 2.02% |
1,050,000
+15,000
| +1% | +$4.12M |
|
17
Microsoft
MSFT
$3.59T
| $263M | 1.93% |
2,588,874
+429,661
| +20% | +$46M |
|
18
General Dynamics
GD
$104B
| $256M | 1.88% |
1,628,186
-142,536
| -8% | -$25.5M |
|
|
PLYA
19
DELISTED
Playa Hotels & Resorts
PLYA
| $220M | 1.61% |
30,606,930
| – | – |
|
|
20
Cigna
CI
$73.3B
| $200M | 1.47% |
+1,055,000
| New | +$220M |
|
21
Equifax
EFX
$22.6B
| $200M | 1.47% |
2,145,594
+1,329,777
| +163% | +$142M |
|
22
Fidelity National Information Services
FIS
$21.3B
| $195M | 1.43% |
1,899,355
-62,639
| -3% | -$6.53M |
|
23
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $188M | 1.38% |
+4,300,000
| New | +$202M |
|
|
24
Dell
DELL
$286B
| $175M | 1.28% |
7,047,678
-15,717,850
| -69% | -$430M |
|
|
25
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $173M | 1.27% |
693,000
-8,597,500
| -93% | -$2.32B |
|
Similar funds
Thomas Steyer's Q4 2018 Portfolio in Review
As of Q4 2018, Thomas Steyer held 116 positions worth $13.6B, down 19% from $16.9B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Thomas Steyer withdrew a net $1.2B in Q4 2018, closing 20 positions and reducing 18 holdings. Its most notable exit was Aetna Inc, an estimated $1.51B position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 24% of assets, up from 13% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Thomas Steyer opened a new position in Red Hat Inc worth $472M.
- Thomas Steyer's largest Q4 2018 buy was Red Hat Inc: 2,685,000 shares worth $472M.
- Thomas Steyer added most to Twenty-First Century Fox, Inc. Class A in Q4 2018, an estimated $538M increase.
- Thomas Steyer's biggest Q4 2018 reduction was Dell, cutting an estimated $430M.
- Thomas Steyer fully exited Aetna Inc in Q4 2018, selling an estimated $1.51B.
- Thomas Steyer's ten largest holdings make up 51% of its $13.6B portfolio in Q4 2018.
- Thomas Steyer opened 14 new positions and closed 20 in Q4 2018.
- Thomas Steyer's portfolio value fell 19% quarter-over-quarter to $13.6B.
Based on Farallon Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.