WhaleCreep

Farallon Capital Management, L.L.C. 13F holdings, Q4 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-12-31, filed 2026-08-14

Farallon Capital Management, L.L.C. disclosed 148 US equity positions worth $19.2bn in its Q4 2025 13F filing. Its largest position is RVMD at 6.0% of the reported book, followed by MSFT and AMZN. Versus Q3 2025 it opened 30 new positions, added to 22, reduced 33 and exited 21.

$19.2bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
148
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.0%
Largest position
The largest single position as a share of the reported equity book.
46.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
32
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
113
Quarters on file since Q1 1998
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q3 2025: 30 new, 22 added, 33 reduced, 21 exited

50 of 148
RVMD REVOLUTION MEDICINES INCHealthcare6.0%$1.2bn14.58m−0.3%held
MSFT MICROSOFT CORPTechnology5.6%$1.1bn2.21m+16%added
AMZN AMAZON COM INCConsumer Cyclical5.4%$1.0bn4.50m+28%added
EA ELECTRONIC ARTS INCCommunication Services5.3%$1.0bn5.04m–new
AON AON PLCFinancial Services4.9%$941m2.67m+17%added
NTRA NATERA INCHealthcare4.7%$897m3.91m−8.0%reduced
BSX BOSTON SCIENTIFIC CORPHealthcare3.7%$709m7.44m+57%added
EXEL EXELIXIS INCHealthcare3.6%$689m15.71m−19%reduced
BBIO BRIDGEBIO PHARMA INCHealthcare3.6%$688m9.00m+9.8%added
EXK EXACT SCIENCES CORPBasic Materials3.4%$650m6.41m–new
PTGX PROTAGONIST THERAPEUTICS INCHealthcare2.8%$537m6.14m−0.8%reduced
WAB WABTECIndustrials2.7%$529m2.48m+12%added
UNH UNITEDHEALTH GROUP INCHealthcare2.7%$528m1.60m−15%reduced
CYBERARK SOFTWARE LTD no ticker–2.4%$470m1.05m–new
DIS DISNEY WALT COCommunication Services2.4%$469m4.13m−21%reduced
SNPS SYNOPSYS INCTechnology2.4%$469m999,200–new
TMO THERMO FISHER SCIENTIFIC INCHealthcare1.9%$368m635,685−49%reduced
LNTH LANTHEUS HLDGS INCHealthcare1.9%$361m5.43m+56%added
ARMK ARAMARKIndustrials1.8%$345m9.36m+4.0%added
CRM SALESFORCE INCTechnology1.7%$334m1.26m−49%reduced
SCHW SCHWAB CHARLES CORPFinancial Services1.7%$334m3.34m+2.7%added
CRNXGBP CRINETICS PHARMACEUTICALS IN–1.7%$323m6.93m+20%added
AVGO BROADCOM INCTechnology1.6%$309m892,400–new
LQDA LIQUIDIA CORPORATIONHealthcare1.6%$299m8.66m+1.1%added
NDAQ NASDAQ INCFinancial Services1.5%$290m2.99m−17%reduced
BEAM BEAM THERAPEUTICS INCHealthcare1.4%$279m10.06m0.0%held
KKR KKR & CO INCFinancial Services1.3%$257m2.02m–new
GOOG ALPHABET INCCommunication Services1.3%$247m787,040−30%reduced
MCK MCKESSON CORPHealthcare1.3%$245m298,900−8.6%reduced
V VISA INCFinancial Services1.3%$244m695,910+16%added
RNAGBP AVIDITY BIOSCIENCES INC–1.2%$233m3.23m–new
NYT NEW YORK TIMES COCommunication Services1.2%$228m3.28m−34%reduced
DAY DAYFORCE INC–1.1%$202m2.92m–new
GRAL GRAIL INCHealthcare1.0%$201m2.34m+74%added
BITWISE 10 CRYPTO INDEX ETF no ticker–1.0%$199m3.39m–new
CBRE CBRE GROUP INCReal Estate0.8%$158m983,771−39%reduced
AGIO AGIOS PHARMACEUTICALS INCHealthcare0.7%$140m5.16m−11%reduced
CNTA CENTESSA PHARMACEUTICALS PLC–0.7%$134m5.38m+24%added
BBNX BETA BIONICS INCHealthcare0.7%$131m4.31m0.0%held
CAH CARDINAL HEALTH INCHealthcare0.6%$118m576,000+128%added
TNGX TANGO THERAPEUTICS INCHealthcare0.6%$116m13.06m+21%added
HIMS HIMS & HERS HEALTH INCHealthcare0.6%$110m3.39m−68%reduced
IBIT ISHARES BITCOIN TRUST ETF–0.6%$106m2.14m−69%reduced
MA MASTERCARD INCFinancial Services0.5%$98.6m172,671−19%reduced
CDTX CIDARA THERAPEUTICS INC–0.4%$84.6m382,800−25%reduced
THC TENET HEALTHCARE CORPHealthcare0.4%$74.0m372,153−10%reduced
WELL WELLTOWER INCReal Estate0.3%$63.7m343,000–new
TRU TRANSUNIONFinancial Services0.3%$57.9m675,000−86%reduced
TYRA TYRA BIOSCIENCES INCHealthcare0.3%$54.3m2.07m+81%added
VNET VNET GROUP INCTechnology0.3%$53.2m6.29m+15%added

Exited since Q3 2025

21 rows
ADSK AUTODESK INC3.0%$528m
INTU INTUIT1.9%$333m
KEL KELLANOVA1.8%$323m
ADI ANALOG DEVICES INC1.8%$319m
NSC NORFOLK SOUTHERN CORP1.0%$185m
IQV IQVIA HLDGS INC1.0%$178m
WWD WOODWARD INC0.9%$157m
MARA MARA HOLDINGS INC0.4%$66.8m
GRAYSCALE COINDESK CRYPTO no ticker0.3%$47.6m
07WA MR COOPER GROUP INC0.3%$46.8m
NKTR NEKTAR THERAPEUTICS0.3%$45.0m
FLUTTER ENTMT PLC no ticker0.2%$34.9m
WAY WAYSTAR HLDG CORP0.2%$28.4m
SGRY SURGERY PARTNERS INC0.1%$18.9m
NTLA INTELLIA THERAPEUTICS INC0.06%$10.5m
TECX TECTONIC THERAPEUTIC INC0.06%$10.0m
SVRA SAVARA INC0.05%$8.9m
SOXX ISHARES TR0.03%$5.1m
AEBA ALLETE INC0.03%$5.0m
MERUS N V no ticker0.0%$282k
RARE ULTRAGENYX PHARMACEUTICAL IN0.0%$211k

Sector mix

  • Healthcare41.7%
  • Technology11.7%
  • Financial Services11.6%
  • Communication Services10.7%
  • Unclassified9.7%
  • Consumer Cyclical5.4%
  • Industrials4.5%
  • Basic Materials3.4%
  • Real Estate1.2%
  • Energy0.2%
  • Consumer Defensive0.06%

Book over time

Every quarter on file (113)
QuarterPositionsEquity book
Q2 202686$17.1bn
Q1 2026170$16.9bn
Q4 2025148$19.2bn
Q3 2025139$17.7bn
Q2 2025143$21.9bn
Q1 2025144$18.5bn
Q4 2024146$19.0bn
Q3 2024160$18.2bn
Q2 2024162$16.9bn
Q1 2024172$17.0bn
Q4 2023157$16.0bn
Q3 2023163$17.7bn
Q2 2023171$16.7bn
Q1 2023192$16.5bn
Q4 2022242$15.5bn
Q3 2022309$16.3bn
Q2 2022313$17.0bn
Q1 2022319$18.1bn
Q4 2021298$17.7bn
Q3 2021298$18.6bn
Q2 2021295$20.7bn
Q1 2021235$19.2bn
Q4 2020134$16.1bn
Q3 2020120$14.1bn
Q2 2020117$12.4bn
Q1 2020100$10.9bn
Q4 2019112$13.0bn
Q3 201997$12.2bn
Q2 2019103$14.3bn
Q1 201993$12.1bn
Q4 201894$11.4bn
Q3 2018101$14.2bn
Q2 201894$13.6bn
Q1 201884$12.0bn
Q4 201779$10.0bn
Q3 201783$9.6bn
Q2 201779$8.8bn
Q1 201769$8.1bn
Q4 201668$6.6bn
Q3 201666$5.8bn
Q2 201661$5.3bn
Q1 201670$7.5bn
Q4 201562$8.2bn
Q3 201579$6.3bn
Q2 201594$7.4bn
Q1 201592$6.8bn
Q4 201482$6.9bn
Q3 201481$6.0bn
Q2 201493$6.6bn
Q1 201486$5.0bn
Q4 201377$4.7bn
Q3 201376$4.8bn
Q2 201380$5.1bn
Q1 201352$3.5bn
Q4 201258$3.2bn
Q3 201246$2.6bn
Q2 201249$2.9bn
Q1 201250$3.6bn
Q4 201148$3.4bn
Q3 201153$3.0bn
Q2 201149$2.7bn
Q1 201151$2.7bn
Q4 201044$2.0bn
Q3 201044$1.9bn
Q2 201042$1.6bn
Q1 201026$1.1bn
Q4 200936$1.7bn
Q3 200935$1.2bn
Q2 200928$858m
Q1 200917$413m
Q4 200818$805m
Q3 200872$3.2bn
Q2 200873$5.0bn
Q1 2008125$5.7bn
Q4 2007138$7.6bn
Q3 2007136$7.1bn
Q2 2007226$9.9bn
Q1 2007120$9.1bn
Q4 2006108$7.7bn
Q3 2006110$6.6bn
Q2 200693$5.7bn
Q1 200683$5.4bn
Q4 200577$3.5bn
Q3 200570$2.8bn
Q2 200574$2.9bn
Q1 200584$2.8bn
Q4 2004129$4.5bn
Q3 2004114$4.9bn
Q2 2004117$4.3bn
Q1 2004121$4.1bn
Q4 2003129$3.9bn
Q3 2003115$3.0bn
Q2 2003105$2.2bn
Q1 2003105$2.5bn
Q4 2002120$2.4bn
Q3 2002131$2.3bn
Q2 2002140$2.1bn
Q1 2002148$2.2bn
Q4 2001117$1.9bn
Q3 2001112$2.3bn
Q2 2001119$2.3bn
Q1 2001124$2.7bn
Q4 2000117$2.8bn
Q3 2000151$3.8bn
Q2 2000150$3.5bn
Q1 2000146$2.9bn
Q4 1999129$2.7bn
Q3 1999141$2.8bn
Q2 1999125$2.2bn
Q1 1999102$2.0bn
Q3 199815$563m
Q2 199831$842m
Q1 199837$892m

Where Farallon Capital Management, L.L.C. was early

122 rows
KFY Korn/Ferry InternationalQ1 19991 of 890.07%1.4%21Exited by Q2 2004+22%
MCK MCKESSON CORPQ2 19991 of 1701.2%2.0%10Exited by Q2 2026+2589%
NWL Newell Rubbermaid IncQ2 19991 of 1561.1%1.1%3Exited by Q1 2000−37%
L LOEWS CORPQ2 19992 of 930.4%2.7%13Exited by Q3 2007+287%
INTC Intel CorpQ3 19991 of 2801.5%1.5%7Exited by Q2 2001−29%
MSFT MICROSOFT CORPQ3 199912 of 3740.1%5.6%54Held at last filing, Q2 2026+724%
JNJ JOHNSON & JOHNSONQ4 19991 of 1690.5%3.7%10Held at last filing, Q2 2026+445%
WM WASTE MGMT INC DELQ4 19993 of 1400.3%1.7%27Exited by Q3 2006+109%
VRSN VERISIGN INCQ1 20007 of 1420.5%1.1%5Exited by Q4 2008−83%
TEO Telecom Argentina STET-FRAN SPONQ2 20001 of 491.1%1.1%10Exited by Q4 2002−97%
PFE PFIZER INCQ3 20004 of 2080.6%6.8%8Exited by Q3 2014−34%
MLM Martin Marietta MaterialsQ4 20001 of 1840.4%1.6%8Exited by Q4 2002−23%
AVGO BROADCOM INCQ4 200021 of 3230.1%9.2%13Held at last filing, Q2 2026–
FITB Fifth Third BancorpQ1 20011 of 1172.4%2.4%5Exited by Q2 2002+26%
PCG PG&E CORPQ1 20011 of 2090.3%3.3%29Exited by Q3 2024+47%
SRE Sempra EnergyQ1 20011 of 1190.5%1.2%9Exited by Q2 2003+7.2%
USB U S BancorpQ1 20012 of 1623.3%3.3%4Exited by Q1 2002−9.8%
CNA CNA Financial CorpQ2 20011 of 780.4%1.8%6Exited by Q4 2002−37%
CVX CHEVRON CORP NEWQ3 20011 of 19714.4%14.4%11Exited by Q1 2012+151%
JLL JONES LANG LASALLE INCQ1 20022 of 1330.5%6.7%14Exited by Q1 2011+279%
WAT WATERS CORPQ2 20021 of 1371.6%1.8%9Exited by Q4 2006+70%
ORCL ORACLE CORPQ2 20027 of 2560.4%7.9%33Exited by Q3 2014+328%
DRI DARDEN RESTAURANTS INCQ4 20021 of 1410.4%1.2%7Exited by Q3 2007+115%
WMB WILLIAMS COS INC DELQ2 20033 of 2071.0%4.9%24Exited by Q3 2015+791%
AMXN AMERICA MOVIL SAB DE CV SPONQ4 20035 of 600.2%6.6%16Exited by Q4 2009+381%
DIS DISNEY WALT COQ1 20042 of 2531.8%3.7%18Exited by Q2 2026+291%
FCX FREEPORT-MCMORAN COPPER & GOQ1 20042 of 2230.5%1.4%13Exited by Q3 2013+41%
ABR ARBOR RLTY TR INCQ2 20041 of 800.2%1.2%11Exited by Q1 2007+51%
BAC Bank of AmericaQ2 20047 of 2328.7%8.7%3Exited by Q1 2005+11%
SNDK SANDISK CORPQ2 200416 of 2330.3%6.1%3Exited by Q2 2016–
TV GRUPO TELEVISA SA DE CV SPQ3 20041 of 790.5%3.6%17Exited by Q4 2008+66%
AZO AUTOZONE INCQ3 20044 of 1650.1%2.8%5Exited by Q3 2013+448%
EXEL EXELIXIS INCQ4 20042 of 1360.2%4.6%39Held at last filing, Q2 2026+473%
STT STATE STR CORPQ4 20045 of 1390.8%5.2%28Exited by Q4 2015+37%
BBY BEST BUY INCQ1 20056 of 1331.0%1.5%3Exited by Q4 2005+21%
RCI ROGERS COMMUNICATIONS INCQ3 20053 of 851.5%1.7%8Exited by Q1 2008+129%
IWM ISHARES TR RUSSELL 2000Q3 20054 of 23318.4%21.7%14Exited by Q4 2009−9.3%
CRL CHARLES RIV LABS INTL INCQ4 20052 of 1580.3%1.3%9Exited by Q1 2024+458%
IBB ISHARES TR NASDQ BIO INDXQ1 20061 of 1201.4%1.7%9Exited by Q3 2008−6.7%
FIS FIDELITY NATL INFORMATION SVQ1 20062 of 2250.7%12.8%47Exited by Q4 2021+200%
IYR ISHARES TR DJ US REAL ESTQ1 20062 of 980.4%1.8%5Exited by Q2 2007+16%
BSX BOSTON SCIENTIFIC CORPQ1 20063 of 1930.6%4.0%32Held at last filing, Q2 2026+85%
EEM ISHARES TR MSCI EMERG MKTQ2 20062 of 1340.2%3.5%10Exited by Q4 2008+9.2%
TGT TARGET CORPQ2 20065 of 1912.7%6.5%13Exited by Q3 2012+19%
QCOM QUALCOMM INCQ2 20068 of 2460.5%4.6%19Exited by Q2 2018+38%
MA MASTERCARD INCORPORATEDQ3 20062 of 2631.6%23.1%32Exited by Q2 2026+7002%
SHW SHERWIN WILLIAMS COQ3 20062 of 1920.7%7.4%36Exited by Q4 2024+1953%
AMG AFFILIATED MANAGERS GROUPQ3 20063 of 1080.0%1.6%4Exited by Q4 2015+71%
SCHW SCHWAB CHARLES CORPQ1 20072 of 2213.0%6.3%27Exited by Q2 2026+414%
CMCSA COMCAST CORP NEWQ1 20073 of 2191.4%4.8%15Exited by Q4 2017+197%

Concentration and tenure

10.3%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
47.9%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
2
Median completed holding, quarters