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 |
ATVI
Activision Blizzard
ATVI
|
+$1.41B |
| 2 |
Charter Communications
CHTR
|
+$462M |
| 3 |
CBRE Group
CBRE
|
+$375M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$314M |
| 5 |
VMW
VMware, Inc
VMW
|
+$285M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Equifax
EFX
|
+$249M |
| 2 |
IQVIA
IQV
|
+$239M |
| 3 |
Biogen
BIIB
|
+$172M |
| 4 |
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
|
+$130M |
| 5 |
Thermo Fisher Scientific
TMO
|
+$105M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 31.13% |
| 2 | Technology | 23.99% |
| 3 | Financials | 9.09% |
| 4 | Communication Services | 6.05% |
| 5 | Industrials | 4.68% |
| 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
| $3.72B | 17.36% |
8,700,000
+1,500,000
| +21% | +$667M |
|
|
ATVI
2
DELISTED
Activision Blizzard
ATVI
| $1.9B | 8.88% |
20,320,000
+15,455,000
| +318% | +$1.41B |
|
|
VMW
3
DELISTED
VMware, Inc
VMW
| $915M | 4.27% |
5,498,500
+1,782,500
| +48% | +$285M |
|
|
HZNP
4
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $770M | 3.59% |
6,656,823
-265,000
| -4% | -$28.5M |
|
5
UnitedHealth
UNH
$350B
| $679M | 3.17% |
1,346,700
+87,900
| +7% | +$43.3M |
|
6
TransUnion
TRU
$16.2B
| $663M | 3.09% |
9,233,256
-91,537
| -1% | -$7.18M |
|
7
Exelixis
EXEL
$13.4B
| $565M | 2.64% |
25,860,000
| – | – |
|
|
8
IQVIA
IQV
$42.8B
| $544M | 2.54% |
2,766,332
-1,100,780
| -28% | -$239M |
|
|
9
Thermo Fisher Scientific
TMO
$233B
| $530M | 2.47% |
1,047,531
-196,128
| -16% | -$105M |
|
10
Salesforce
CRM
$171B
| $512M | 2.39% |
2,525,638
+581,300
| +30% | +$126M |
|
|
11
Charter Communications
CHTR
$17.9B
| $489M | 2.28% |
+1,111,341
| New | +$462M |
|
|
SGEN
12
DELISTED
Seagen Inc. Common Stock
SGEN
| $482M | 2.25% |
2,270,500
+1,570,500
| +224% | +$314M |
|
13
Alphabet (Google) Class C
GOOG
$4.18T
| $469M | 2.19% |
3,557,140
-245,000
| -6% | -$31.9M |
|
14
Microsoft
MSFT
$3.59T
| $426M | 1.99% |
1,349,178
+488,000
| +57% | +$161M |
|
15
Aramark
ARMK
$15.8B
| $421M | 1.97% |
16,808,637
+1,730,303
| +11% | +$48.5M |
|
16
AstraZeneca
AZN
$257B
| $410M | 1.91% |
3,029,777
| – | – |
|
17
S&P Global
SPGI
$127B
| $365M | 1.7% |
999,395
-86,900
| -8% | -$34.2M |
|
18
Wabtec
WAB
$50.3B
| $346M | 1.61% |
3,256,047
+14,117
| +0.4% | +$1.57M |
|
19
Analog Devices
ADI
$182B
| $340M | 1.59% |
1,942,000
-133,000
| -6% | -$24.5M |
|
|
20
CBRE Group
CBRE
$44B
| $334M | 1.56% |
+4,520,388
| New | +$375M |
|
21
New York Times
NYT
$10.6B
| $328M | 1.53% |
7,964,791
| – | – |
|
22
Centene
CNC
$32.1B
| $306M | 1.43% |
4,445,075
-284,000
| -6% | -$18.9M |
|
23
Intuit
INTU
$100B
| $284M | 1.33% |
556,100
-135,200
| -20% | -$68.4M |
|
24
Full Truck Alliance
YMM
$9.1B
| $269M | 1.25% |
38,190,495
-7,667,743
| -17% | -$52.9M |
|
25
Sherwin-Williams
SHW
$84.1B
| $267M | 1.25% |
1,046,792
-328,600
| -24% | -$88M |
|
Similar funds
Thomas Steyer's Q3 2023 Portfolio in Review
As of Q3 2023, Thomas Steyer held 201 positions worth $21.4B, up 7.5% from $19.9B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Thomas Steyer deployed $1.66B of net new capital in Q3 2023, opening 31 new positions and adding to 27 existing holdings. Its largest new stake was Charter Communications: 1,111,341 shares worth $489M.
By sector, the portfolio is most concentrated in Healthcare at 31% of assets, down from 35% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was IQVIA, an estimated $239M trimmed.
- Thomas Steyer's largest Q3 2023 buy was Charter Communications: 1,111,341 shares worth $489M.
- Thomas Steyer added most to Activision Blizzard in Q3 2023, an estimated $1.41B increase.
- Thomas Steyer's biggest Q3 2023 reduction was IQVIA, cutting an estimated $239M.
- Thomas Steyer fully exited Equifax in Q3 2023, selling an estimated $249M.
- Thomas Steyer's ten largest holdings make up 50% of its $21.4B portfolio in Q3 2023.
- Thomas Steyer opened 31 new positions and closed 37 in Q3 2023.
- Thomas Steyer's portfolio value rose 7.5% quarter-over-quarter to $21.4B.
Based on Farallon Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.