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 |
CELG
Celgene Corp
CELG
|
+$737M |
| 2 |
S&P Global
SPGI
|
+$177M |
| 3 |
Sherwin-Williams
SHW
|
+$160M |
| 4 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$145M |
| 5 |
GG
Goldcorp Inc
GG
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$616M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$370M |
| 3 |
Equinix
EQIX
|
+$283M |
| 4 |
Meta Platforms (Facebook)
META
|
+$194M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$193M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 29.51% |
| 2 | Technology | 21.38% |
| 3 | Communication Services | 17.25% |
| 4 | Industrials | 6.59% |
| 5 | Consumer Discretionary | 6.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AABA
1
DELISTED
Altaba Inc
AABA
| $2.05B | 15.39% |
27,607,317
| – | – |
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $881M | 6.62% |
3,117,500
+2,424,500
| +350% | +$659M |
|
|
CELG
3
DELISTED
Celgene Corp
CELG
| $795M | 5.98% |
+8,430,000
| New | +$737M |
|
|
RHT
4
DELISTED
Red Hat Inc
RHT
| $608M | 4.58% |
3,329,749
+644,749
| +24% | +$116M |
|
5
Wabtec
WAB
$50.3B
| $460M | 3.46% |
6,242,572
+711,513
| +13% | +$51.3M |
|
|
6
Alphabet (Google) Class C
GOOG
$4.18T
| $343M | 2.58% |
5,846,560
-3,441,540
| -37% | -$193M |
|
|
INFO
7
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $332M | 2.5% |
6,107,546
+187,530
| +3% | +$9.82M |
|
|
8
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $324M | 2.44% |
1,147,000
-6,348,000
| -85% | -$1.72B |
|
9
Booking.com
BKNG
$158B
| $323M | 2.43% |
4,624,550
+487,500
| +12% | +$34.8M |
|
10
IQVIA
IQV
$42.8B
| $310M | 2.33% |
2,157,595
-1,061,713
| -33% | -$142M |
|
|
11
Meta Platforms (Facebook)
META
$1.4T
| $305M | 2.29% |
1,829,173
-1,221,975
| -40% | -$194M |
|
12
TransUnion
TRU
$16.2B
| $289M | 2.17% |
4,317,846
-950,893
| -18% | -$58.9M |
|
13
Charter Communications
CHTR
$17.9B
| $280M | 2.11% |
806,938
-273,543
| -25% | -$90.1M |
|
14
Visa
V
$693B
| $252M | 1.89% |
1,610,679
-709,047
| -31% | -$102M |
|
15
Fidelity National Information Services
FIS
$21.3B
| $240M | 1.81% |
2,124,515
+225,160
| +12% | +$24M |
|
16
Elevance Health
ELV
$86.9B
| $237M | 1.78% |
825,000
-225,000
| -21% | -$65.1M |
|
|
PLYA
17
DELISTED
Playa Hotels & Resorts
PLYA
| $234M | 1.76% |
30,606,930
| – | – |
|
18
Equifax
EFX
$22.6B
| $232M | 1.75% |
1,959,018
-186,576
| -9% | -$19.9M |
|
|
CTXS
19
DELISTED
Citrix Systems Inc
CTXS
| $198M | 1.49% |
1,990,184
+521,950
| +36% | +$54.1M |
|
20
Microsoft
MSFT
$3.59T
| $192M | 1.45% |
1,630,401
-958,473
| -37% | -$105M |
|
|
21
S&P Global
SPGI
$127B
| $192M | 1.44% |
+911,551
| New | +$177M |
|
|
22
Equinix
EQIX
$105B
| $189M | 1.42% |
416,759
-694,133
| -62% | -$283M |
|
23
General Dynamics
GD
$104B
| $183M | 1.38% |
1,081,488
-546,698
| -34% | -$92.1M |
|
24
Ascendis Pharma A/S
ASND
$16.6B
| $177M | 1.33% |
1,500,000
+703
| +0% | +$61.6K |
|
|
25
Sherwin-Williams
SHW
$84.1B
| $165M | 1.24% |
+1,152,489
| New | +$160M |
|
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Thomas Steyer's Q1 2019 Portfolio in Review
As of Q1 2019, Thomas Steyer held 117 positions worth $13.3B, down 2.5% from $13.6B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Thomas Steyer withdrew a net $2.51B in Q1 2019, closing 22 positions and reducing 28 holdings. Its most notable exit was Twenty-First Century Fox, Inc. Class A, an estimated $616M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 30% of assets, up from 21% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Thomas Steyer opened a new position in Celgene Corp worth $795M.
- Thomas Steyer's largest Q1 2019 buy was Celgene Corp: 8,430,000 shares worth $795M.
- Thomas Steyer added most to Red Hat Inc in Q1 2019, an estimated $116M increase.
- Thomas Steyer's biggest Q1 2019 reduction was Equinix, cutting an estimated $283M.
- Thomas Steyer fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $616M.
- Thomas Steyer's ten largest holdings make up 48% of its $13.3B portfolio in Q1 2019.
- Thomas Steyer opened 19 new positions and closed 22 in Q1 2019.
- Thomas Steyer's portfolio value fell 2.5% quarter-over-quarter to $13.3B.
Based on Farallon Capital Management's 13F filing for Q1 2019, filed 15 May 2019.