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FARALLON CAPITAL MANAGEMENT LLC

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SAN FRANCISCO CA Investment Advisor Hedge Fund Billionaires Group
13F Summary

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WhaleScore 2.0 ?

85

S&P 500
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WhaleScore 1.0 ?

Farallon Capital Management is based out of San Francisco and is run by Tom Steyer. Farallon Capital Management is a hedge fund with 68 clients and discretionary assets under management (AUM) of $42,649,319,000 (Form ADV from 2024-10-30). Their last reported 13F filing for Q2 2024 included $21,191,727,167 in managed 13F securities and a top 10 holdings concentration of 50.43%. Farallon Capital Management's largest holding is SPDR S&P 500 ETF TRUST with shares held of 8,900,000. Whalewisdom has at least 184 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 founded in 1986. The Managing Partner is Mr. Andrew J.M. Spokes, and Mr. Nicolas Giauque is the Chief Investment Officer, overseeing Farallon's investment activities alongside Mr. Spokes. The principal owner of Farallon is Mr. Spokes through Farallon Capital Management, L.P. Farallon provides administrative services and discretionary investment management services to private investment funds, offered to investors through private placements, and to managed accounts. They primarily serve the "Investment Partnerships," which include Farallon Capital Partners, L.P. and other similar funds. Farallon's investment professionals, analysts, and employees conduct due diligence and investment research, often relying on information from outside consultants, legal advisers, accountants, investment banks, and other third-party advisers.
Investment Strategy
Farallon Funds employ a diverse range of investment strategies, including core strategies like merger arbitrage, risk arbitrage, credit investing, real estate, direct investments, and long/short equity investing. These strategies are implemented based on each fund's investment mandate, restrictions, and investor types. The Funds also utilize other strategies, such as adding, developing, or eliminating different investment strategies and techniques over time. This flexibility allows Farallon to capitalize on perceived opportunities and adjust their approach based on risk-adjusted expected returns. They can shift capital among strategies, asset classes, and geographies to optimize their portfolio based on prevailing market conditions.
Owners
  • SPOKES, ANDREW, JAMES MCLEAN - MANAGING PARTNER AND CO-SENIOR 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 - CO-SENIOR MANAGING MEMBER
  • 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
  • FARALLON CAPITAL MANAGEMENT, L.P. - MEMBER
  • Click on the Ownership/Private Fund Data tab for more details.
Other Contact Information
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2024-06-30

Top Buys (13F)

Name % Change
IWM iShares Russell 2000 (PUT) 4.07%
DIS Walt Disney Co. (The 1.68%
AON Aon PLC 1.64%
CRM Salesforce.com Inc 0.91%
MRNA Moderna Inc (PUT) 0.73%

2024-06-30

Top Sells (13F)

2024-06-30

13F Holdings Summary

Confidential Treatment - Holdings omitted in latest filing.

2024-06-30

13F Activity

Market Value $21.2b, Prior: $22.1b
Inflows (Outflows) as % of Total MV (-5.9189)%
New Purchases 20 stocks
Added To 27 stocks
Sold out of 30 stocks
Reduced holdings in 40 stocks
Top 10 Holdings % 50.43%
Turnover %[1] 26.74%
Turnover Alt %[2] 14.49%
Time Held Top 20 5.7 quarters
Time Held Top 10 4.6 quarters
Time Held All 7.8 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.

2024-06-30

13F Sector Allocation Over Time

limited to past 4 quarters. Subscribe to see all available data

2024-06-30

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30

Portfolio Performance