Must-know: Assessing Farallon Capital’s 4Q13 positions
Farallon Capital Management
Thomas Steyer’s Farallon Capital Management, LLC, filed its 13F last month. In this series, we’ll discuss the notable positions traded last quarter. The size of the fund’s portfolio remained unchanged, at $4.8 billion. The fund initiated new positions in eBay Inc. (EBAY), Ross Stores Inc. (ROST), and Actavis PLC (ACT) and sold its positions in Visa Inc. (V) and Equinix (EQIX). Farallon also increased its stake in Time Warner Cable (TWC).
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Farallon invests globally across asset classes, seeking superior risk-adjusted returns through bottom-up fundamental analysis that emphasizes capital preservation. While its investment philosophy remains consistent, its execution is flexible, allowing capital to shift among strategies, asset classes, and geographies based on prevailing opportunities. Farallon is headquartered in San Francisco and has offices in London, Singapore, Hong Kong, Tokyo, and São Paulo.