Farallon Capital Management LLC has filed its Form 13F, detailing its latest buys, additions, reductions, and closed-out stakes. Thomas F. Steyer is one of the two co-senior management professional of the firm. Farallon Capital manages about $33 billion worth of investments across five core strategies, namely credit investments, value investments, merger arbitrage, real estate investment, and direct investments, the 13F only shows about $4 billion of assets.
The hedge fund was founded in 1986 and registered with the SEC in 1990. It has seven major offices across the globe, including San Francisco, the headquarters; New York, Sao Paulo, London, Singapore, Hong Kong, and Tokyo.
Farallon Capital Q3 Portfolio
Farallon Capital’s top ten holdings account for 42.09% of the overall portfolio, with Hudson Pacific Properties Inc (NYSE:HPP) representing 6.24% of the portfolio. Farallon Capital acquired new stake in Nexen Inc. (NYSE:NXY) to trigger 6.08% change in the portfolio and rank the holding second in its top five holdings.
Payments company Visa Inc. (NASDAQ:VISA) accounts for $4.35% of Farallon Capital’s portfolio, while Priceline.com Inc. (NASDAQ:PCLN) represents of the portfolio. News Corp. (NASDAQ:NWSA) wraps up the top five holdings with 3.7% of the overall portfolio.
Farallon Capital Q3 New Buys
As earlier mentioned, Farallon Capital’s top new purchase was the Canada-based energy company, Nexen Inc. (NYSE:NXY), which represents 6.08% of portfolio. Farallon Capital also acquired a stake in The Shaw Group Inc. (NYSE:SHAW), which now represents 2.59%. The firm purchased a stake in Cooper Industries Plc. (NYSE:CBE) representing 2.09%, while stakes in Check Point Software Technologies Ltd and Moody’s Corporation represent 1.98% and 1.55% respectively.
Farallon Capital Q3 Closed Positions
The biggest closed stake during Q3 was Goodrich Petroleum Corp. (NYSE:GDP), representing 11.04% change in the overall portfolio. However, the most notable sell-outs came from Target Corp. (NYSE:TGT), which triggered, 2.51% change in the portfolio, and Windows maker Microsoft Corporation (NASDAQ:MSFT), which was sold out to represent a 1.95% change in the portfolio. Farallon Capital also closed out stakes in Knology Inc. (NASDAQ:KNOL), and Pall Corp. (NYSE:PLL), representing 1.81% and 1.67% respectively.
Farallon Capital also added to 12 and reduced from 25 of its initial counters from Q2.