Farallon Capital Management Llc filed its second quarter 13F Form with Securities and Exchange Commission today. According to the filing, Farallon Capital’s portfolio was worth $5.21 billion at the end of the second quarter, up from $4.89 billion in the previous quarter. The hedge fund purchased 25 new stocks and boosted stake in 24 stocks during the quarter. Farallon Capital exited 18 stocks entirely and cut holdings in the other 18 stocks.
Top ten holdings of the investment firm made up 41.69% of its portfolio’s value. Let’s have a look at the details of Farallon Capital’s activities during the second quarter.
Farallon’s top holdings
As of June 30, the top five holdings of Farallon Capital are News Corp (NASDAQ:NWSA) (NASDAQ:NWS), Yahoo! Inc. (NASDAQ:YHOO), Hudson Pacific Properties Inc (NYSE:HPP), Dell Inc. (NASDAQ:DELL) and Charter Communications, Inc. (NASDAQ:CHTR) News Corp (NASDAQ:NWSA) (NASDAQ:NWS) makes up 5.79% of its portfolio. The hedge fund owns 9,255,000 shares of News Corp (NASDAQ:NWSA) (NASDAQ:NWS), the have an estimated market value of $300 million. Farallon Capital owns 11,275,000 shares of Yahoo! Inc. (NASDAQ:YHOO) that had a market value of $283 million as of June 30. Yahoo! Inc. (NASDAQ:YHOO) accounts for 5.43% of Farallon’s portfolio.
The third largest holding Hudson Pacific Properties Inc (NYSE:HPP) accounts for 4.99% of Farallon’s portfolio. The hedge fund owns 12,233,861 shares of the company. Computer maker Dell Inc. (NASDAQ:DELL) is the fourth biggest holding of the firm, making up 4.3% of Farallon’s portfolio value. Farallon Capital owns 16,790,000 shares of Dell Inc. (NASDAQ:DELL). Charter Communications, Inc. (NASDAQ:CHTR) occupies the fifth spot with 4.28% of Farallon’s portfolio value. Farallon has purchased 1,800,624 shares of Charter Communications, Inc. (NASDAQ:CHTR). It’s a new entry to Farallon’s portfolio.
Top new holdings
Charter Communications, Inc. (NASDAQ:CHTR) is a new entry but has made it to the top holdings of Farallon Capital Management. The 1,800,624 shares of Charter Communications, Inc. (NASDAQ:CHTR) purchased during the second quarter had a market value of $223 million on June 30. Smithfield Foods, Inc. (NYSE:SFD), which accounts for 3.16% of Farallon’s portfolio value, is the second big new addition to the investment firm. Farallon Capital purchased 5,030,000 new shares of Smithfield Foods, Inc. (NYSE:SFD) that, as of June 30, had a market value of $164.7 million.
AutoZone, Inc. (NYSE:AZO) is the next major new addition. Farallon Capital bought 339,000 shares of AutoZone, Inc. (NYSE:AZO) for $143.6 million during the second quarter. Another new big purchase for the firm was L Brands Inc. (NYSE:LTD). Farallon Capital bought 2,610,000 shares of L Brands Inc (NYSE:LTD) for $128.5 million during the quarter.
Closed positions
Farallon Capital Management exited its entire holding in Virgin Media Inc. (NASDAQ:VMED), which accounted for 7.9% of its portfolio prior to the quarter. The hedge fund sold 7,900,000 shares of Virgin Media Inc. (NASDAQ:VMED) during the quarter. It also sold all 3,455,000 shares of American Express Company (NYSE:AXP) it owned during three months ending June 30.
At the end of the first quarter, Farallon Capital had 5,232,200 shares of Fidelity National Information Services (NYSE:FIS). The investment firm sold all those shares during the second quarter. Another large position closed during the quarter was Mondelez International Inc (NASDAQ:MDLZ). The hedge fund sold off 2,970,000 shares of Mondelez International Inc (NASDAQ:MDLZ) during the second quarter.
