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 |
Walt Disney
DIS
|
+$386M |
| 2 |
Aon
AON
|
+$368M |
| 3 |
CTLT
CATALENT, INC.
CTLT
|
+$282M |
| 4 |
Salesforce
CRM
|
+$266M |
| 5 |
HCP
HashiCorp, Inc. Class A Common Stock
HCP
|
+$184M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$924M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$262M |
| 3 |
CoStar Group
CSGP
|
+$251M |
| 4 |
Inspire Medical Systems
INSP
|
+$135M |
| 5 |
Wabtec
WAB
|
+$123M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 29.33% |
| 2 | Technology | 12.47% |
| 3 | Financials | 9.64% |
| 4 | Industrials | 5.44% |
| 5 | Communication Services | 5.12% |
| 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
| $4.84B | 20.78% |
8,900,000
-2,640,000
| -23% | -$1.38B |
|
|
HES
2
DELISTED
Hess
HES
| $1B | 4.29% |
6,780,000
+350,000
| +5% | +$53.6M |
|
3
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $862M | 3.7% |
+4,250,000
| New | +$859M |
|
4
UnitedHealth
UNH
$350B
| $824M | 3.54% |
1,618,200
-83,210
| -5% | -$40.8M |
|
|
5
Salesforce
CRM
$171B
| $758M | 3.25% |
2,946,838
+994,670
| +51% | +$266M |
|
6
IQVIA
IQV
$42.8B
| $618M | 2.65% |
2,923,032
+86,870
| +3% | +$19.7M |
|
7
Exelixis
EXEL
$13.4B
| $609M | 2.61% |
27,102,500
+424,000
| +2% | +$9.41M |
|
8
Aramark
ARMK
$15.8B
| $576M | 2.47% |
16,929,237
-893,700
| -5% | -$29M |
|
|
9
Aon
AON
$75.3B
| $551M | 2.36% |
1,875,200
+1,243,200
| +197% | +$368M |
|
10
Microsoft
MSFT
$3.59T
| $538M | 2.31% |
1,202,778
-8,680
| -0.7% | -$3.67M |
|
11
New York Times
NYT
$10.6B
| $508M | 2.18% |
9,919,840
-1,268,219
| -11% | -$59.6M |
|
12
Natera
NTRA
$47.9B
| $483M | 2.07% |
4,460,557
+532,874
| +14% | +$54.1M |
|
13
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $480M | 2.06% |
3,500,000
| – | – |
|
14
Nasdaq
NDAQ
$54.9B
| $452M | 1.94% |
7,506,719
-930,000
| -11% | -$56.3M |
|
15
TransUnion
TRU
$16.2B
| $448M | 1.92% |
6,035,119
-316,137
| -5% | -$23.6M |
|
|
CTLT
16
DELISTED
CATALENT, INC.
CTLT
| $427M | 1.83% |
7,600,000
+5,050,000
| +198% | +$282M |
|
17
Intuit
INTU
$100B
| $413M | 1.77% |
629,097
+92,019
| +17% | +$57.1M |
|
18
Thermo Fisher Scientific
TMO
$233B
| $409M | 1.75% |
739,156
-58,260
| -7% | -$33.4M |
|
19
Revolution Medicines
RVMD
$44.9B
| $379M | 1.62% |
9,757,692
+2,249,820
| +30% | +$84.1M |
|
20
Sarepta Therapeutics
SRPT
$1.98B
| $363M | 1.56% |
2,295,000
-158,500
| -6% | -$20.4M |
|
21
ServiceNow
NOW
$133B
| $357M | 1.53% |
2,270,250
+294,810
| +15% | +$43.3M |
|
|
22
Walt Disney
DIS
$186B
| $356M | 1.53% |
+3,582,168
| New | +$386M |
|
23
S&P Global
SPGI
$127B
| $349M | 1.5% |
781,934
-11,910
| -2% | -$5.11M |
|
|
24
Wabtec
WAB
$50.3B
| $346M | 1.48% |
2,189,498
-766,900
| -26% | -$123M |
|
25
CBRE Group
CBRE
$44B
| $336M | 1.44% |
3,773,000
-411,030
| -10% | -$36.5M |
|
Similar funds
Thomas Steyer's Q2 2024 Portfolio in Review
As of Q2 2024, Thomas Steyer held 197 positions worth $23.3B, down 1.1% from $23.6B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Thomas Steyer withdrew a net $917M in Q2 2024, closing 30 positions and reducing 40 holdings. Its most notable exit was Pioneer Natural Resource Co., an estimated $924M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 29% of assets, up from 27% a quarter earlier, followed by Technology and Financials.
Against the trend, Thomas Steyer opened a new position in Walt Disney worth $356M.
- Thomas Steyer's largest Q2 2024 buy was Walt Disney: 3,582,168 shares worth $356M.
- Thomas Steyer added most to Aon in Q2 2024, an estimated $368M increase.
- Thomas Steyer's biggest Q2 2024 reduction was Alphabet (Google) Class C, cutting an estimated $262M.
- Thomas Steyer fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $924M.
- Thomas Steyer's ten largest holdings make up 48% of its $23.3B portfolio in Q2 2024.
- Thomas Steyer opened 23 new positions and closed 30 in Q2 2024.
- Thomas Steyer's portfolio value fell 1.1% quarter-over-quarter to $23.3B.
Based on Farallon Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.