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FARALLON CAPITAL MANAGEMENT LLC
SAN FRANCISCO CA
Investment Advisor
Hedge Fund
Billionaires Group
Farallon Capital Management is based out of San Francisco and is run by Tom Steyer. Farallon Capital Management is a hedge fund with 67 clients and discretionary assets under management (AUM) of $48,267,892,000 (Form ADV from 2025-05-05). Their last reported 13F filing for Q1 2025 included $17,935,796,589 in managed 13F securities
and a top 10 holdings concentration of 43.4%. Farallon Capital Management's largest holding is SPDR S&P 500 ETF TRUST with shares held of 3,300,000. Whalewisdom has at least 194 13F filings, 151 13D filings, 254 13G filings, and 1 Form 4 filings
Business Description
Farallon, a Delaware limited liability company, is an investment adviser whose predecessor was founded in 1986. Mr. Nicolas Giauque is the Managing Partner of Farallon effective April 1, 2025. The principal owner of Farallon is Mr. Andrew J.M. Spokes, through Farallon Capital Management, L.P.
Farallon provides administrative services and discretionary investment management services to private investment funds, the securities of which are offered to investors on a private placement basis, and to managed accounts. In particular, Farallon provides administrative and discretionary investment management services to Farallon Capital Partners, L.P., Tinicum Partners, L.P., Farallon Capital Institutional Partners, L.P., and Farallon Capital Institutional Partners II, L.P.
Investment Strategy
Farallon employs a wide variety of investment strategies for the Farallon Funds, including core strategies like merger arbitrage, risk arbitrage, credit investing, real estate, direct investments, and long/short equity investing. Their approach is broad and flexible, seeking global investment opportunities. The investment portfolios may differ based on factors such as concentration in specific strategies, geographical focus, liquidity needs, and investor types.
Farallon's strategies are continually evolving, with new strategies and trading techniques incorporated into the portfolios. They are not restricted from using capital to develop and incubate new strategies, even with limited experience in the specific strategy or markets. The firm may also add, develop, or eliminate different investment strategies and techniques, such as real estate construction lending. They emphasize or de-emphasize different investments and strategies based on perceived opportunities and risk-adjusted expected returns, with flexibility to shift capital among strategies, asset classes, and geographies.
Owners
- FARALLON CAPITAL MANAGEMENT, L.P. - MEMBER
- SPOKES, ANDREW, JAMES MCLEAN - MANAGING MEMBER
- PATEL, RAJIV, ANANT - MANAGING MEMBER
- POSNER, DAVID, ADAM - MANAGING MEMBER
- WARREN, JOHN, RUSSELL - MANAGING MEMBER
- LINN, MICHAEL, GRANT - MANAGING MEMBER
- FRIED, RICHARD, BRACHMAN - MANAGING MEMBER
- WEHRLY, MARK, CHRISTOPHER - MANAGING MEMBER, SPECIAL COUNSEL & CHIEF OPERATING OFFICER (7/2014)
- DAPICE, JOSHUA, JAMES - MANAGING MEMBER
- SAITO, EDRIC, CALVIN - MANAGING MEMBER
- LYNCH, KIRSTIN, JANETTE - CHIEF COMPLIANCE OFFICER
- GIAUQUE, NICOLAS - MANAGING PARTNER AND SENIOR MANAGING MEMBER (4/2025)
- GEHANI, VARUN, N - MANAGING MEMBER
- ROBERTS, THOMAS, GERALD - MANAGING MEMBER
- SHORT, DANIEL, STEPHEN - MANAGING MEMBER
- HILLYER, CAMERON, ANTHONY - CHIEF FINANCIAL OFFICER & MANAGING MEMBER (1/21)
- KIM, DAVID - MANAGING MEMBER
- Seybold, William, Stephens - MANAGING MEMBER
- Dreyfuss, Philip, David - MANAGING MEMBER
- Clark, Colby, Trexler - MANAGING MEMBER
- Bollini II, Richard, Pierre - MANAGING MEMBER
- Trentini, Matthew, John - MANAGING MEMBER
- Dunn, Hannah, Elizabeth - MANAGING MEMBER & GENERAL COUNSEL
- LUO, CHENG - MANAGING MEMBER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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Confidential Treatment - This manager has
obtained confidential treatment for one or more investments in
the most recent 13F filing.
2025-03-31
Top Buys (13F)
| Name | % Change |
|---|---|
| ITCI Intra-Cellular Thera | 2.25% |
| MSFT Microsoft Corporatio | 1.29% |
| ARMK Aramark | 0.97% |
| CRM Salesforce Inc | 0.89% |
| LNTH Lantheus Holdings In | 0.87% |
2025-03-31
Top Sells (13F)
| Name | % Change |
|---|---|
| RSP Invesco S&P 500 Equa (PUT) | 3.91% |
| SPY SPDR S&P 500 ETF TRU (PUT) | 2.04% |
| ABNB Airbnb, Inc | 1.62% |
| AON Aon PLC | 1.23% |
| SRPT Sarepta Therapeutics | 0.93% |
2025-03-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| SPY SPDR S&P 500 ETF TRU(PUT) | 10.29% |
| MSFT Microsoft Corporatio | 4.78% |
| EXEL Exelixis Inc | 4.64% |
| UNH UnitedHealth Group I | 4.37% |
| NTRA Natera Inc | 3.59% |
Confidential Treatment - Holdings omitted in latest filing.
2025-03-31
13F Activity
| Market Value | $17.9b, Prior: $20.1b |
| Inflows (Outflows) as % of Total MV | (-3.3063)% |
| New Purchases | 16 stocks |
| Added To | 41 stocks |
| Sold out of | 19 stocks |
| Reduced holdings in | 23 stocks |
| Top 10 Holdings % | 43.4% |
| Turnover %[1] | 22.73% |
| Turnover Alt %[2] | 13.13% |
| Time Held Top 20 | 7.7 quarters |
| Time Held Top 10 | 5.9 quarters |
| Time Held All | 8.43 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2025-03-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2025-03-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31