FARALLON CAPITAL MANAGEMENT LLC

CIK

909661

Location

SAN FRANCISCO, CA

Portfolio Value

Large $14,977,861,188

Diversification

Diversified

Filing Date

Global Rank

#324 / 8,605 ▼ 43 · as of Mar 2026

Top Industry

Biotechnology 34.5%

3Y Alpha vs SPY

-1.6%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+69.3%

SPY

+76.5%

Annualised alpha

-1.7%

Max drawdown

−20.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

161 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.8%

−1.7 pts

Top 5

30.6%

−1.5 pts

Top 10

50.0%

−0.7 pts

HHI

368

Diversified−9

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	59.2%	$8,870,383,216	111
Financial Services	14.3%	$2,141,313,138	12
Technology	13.1%	$1,955,917,987	13
Consumer Cyclical	6.0%	$893,705,238	4
Industrials	4.6%	$690,115,005	8
Communication Services	2.3%	$347,272,016	4
Real Estate	0.3%	$40,015,100	3
Unclassified	0.2%	$31,696,821	2
Basic Materials	0.0%	$5,019,002	1
Energy	0.0%	$2,410,327	2
Consumer Defensive	0.0%	$13,338	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
ROIV	Roivant Sciences Ltd.	+9,638,000	9,675,000	$267,997,500
KKR	KKR & Co. Inc.	+2,654,100	4,671,800	$432,141,500
BTSG	BrightSpring Health Services, Inc.	+1,595,000	1,617,000	$68,900,370
IMVT	Immunovant, Inc.	+1,534,000	1,546,000	$38,402,640
TYRA	Tyra Biosciences, Inc.	+1,514,000	3,580,818	$137,145,329
TWST	Twist Bioscience Corp	+1,420,000	1,427,650	$67,841,928
CRNX	Crinetics Pharmaceuticals, Inc.	+1,405,000	8,338,098	$302,839,719
PCVX	Vaxcyte, Inc.	+1,256,000	1,261,000	$73,276,710
GRAL	GRAIL, Inc.	+911,000	3,253,684	$168,150,389
AVGO	Broadcom Inc.	+887,100	1,779,500	$550,773,045
CGON	CG Oncology, Inc.	+666,000	674,000	$45,616,320
SCHW	Schwab Charles Corp	+616,000	3,955,657	$371,752,644
AGIO	Agios Pharmaceuticals, Inc.	+524,495	5,684,000	$192,289,720
BBIO	BridgeBio Pharma, Inc.	+367,000	9,365,463	$695,479,282
TEVA	Teva Pharmaceutical Industries Ltd	+314,000	354,000	$10,662,480
MA	Mastercard Inc	+262,400	435,071	$217,387,575
TMO	Thermo Fisher Scientific Inc.	+245,800	881,485	$433,276,322
UNH	Unitedhealth Group Inc	+222,800	1,821,706	$492,935,426
SNPS	Synopsys Inc	+214,100	1,213,300	$481,049,184
PTGX	Protagonist Therapeutics, Inc	+204,900	6,348,906	$669,174,692
LNTH	Lantheus Holdings, Inc.	+156,000	5,583,479	$423,506,882
V	Visa Inc.	+144,800	840,710	$254,096,190
MSFT	Microsoft Corp	+130,700	2,344,779	$867,966,842
BIDU	Baidu, Inc.	+128,485	443,785	$49,446,524
ENTA	Enanta Pharmaceuticals Inc	+99,600	2,871,862	$36,271,617
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
VNET	VNET Group, Inc.	−5,662,039	623,347	$5,229,881
TNGX	Tango Therapeutics, Inc.	−3,964,000	9,097,411	$190,317,838
HIMS	Hims & Hers Health, Inc.	−3,376,986	10,000	$207,600
ARMK	Aramark	−3,221,615	6,135,431	$248,730,372
BITW	Bitwise 10 Crypto Index ETF	−2,782,500	603,000	$26,898,021
EXEL	Exelixis, Inc.	−2,598,490	13,111,010	$562,331,218
DIS	Walt Disney Co	−1,724,400	2,401,591	$231,465,340
RVMD	Revolution Medicines, Inc.	−978,000	13,604,796	$1,323,066,411
WAB	Westinghouse Air Brake Technologies Corp	−866,600	1,609,403	$402,205,903
NTRA	Natera, Inc.	−707,000	3,207,366	$641,441,126
BBNX	Beta Bionics, Inc.	−706,000	3,607,920	$36,151,358
TERN	Terns Pharmaceuticals, Inc.	−635,000	7,000	$369,040
CNTA	Centessa Pharmaceuticals plc	−568,068	4,809,000	$191,013,480
ABVX	Abivax S.A.	−385,000	2,000	$222,700
AMKR	Amkor Technology, Inc.	−360,000	104,000	$4,683,120
AMZN	Amazon Com Inc	−281,500	4,218,394	$878,564,918
OSCR	Oscar Health, Inc.	−253,000	11,000	$126,170
EHC	Encompass Health Corp	−231,500	3,000	$290,190
CAH	Cardinal Health Inc	−208,000	368,000	$77,762,080
NVAX	Novavax Inc	−173,000	22,000	$179,080
AON	Aon plc	−152,600	2,512,638	$811,029,293
WELL	Welltower Inc.	−143,000	200,000	$39,542,000
GH	Guardant Health, Inc.	−101,000	8,000	$738,960
WGS	GeneDx Holdings Corp.	−65,000	5,000	$321,100
MCK	Mckesson Corp	−64,600	234,300	$202,753,848
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
DNTH	Dianthus Therapeutics, Inc. /DE/	836,000	$70,157,120
AZN	Astrazeneca PLC	226,499	$44,670,132
MRK	Merck & Co., Inc.	361,000	$43,424,690
ACHC	Acadia Healthcare Company, Inc.	1,736,800	$40,623,752
JNJ	Johnson & Johnson	148,000	$36,177,120
NTES	NetEase, Inc.	291,219	$32,599,054
NVO	Novo Nordisk A S	782,000	$28,738,500
RPRX	Royalty Pharma plc	493,000	$23,649,210
CECO	Ceco Environmental Corp	234,000	$13,941,720
AVTX	Avalo Therapeutics, Inc.	916,000	$13,675,880
GDS	GDS Holdings Ltd	292,000	$11,764,680
MAZE	Maze Therapeutics, Inc.	373,000	$11,134,050
FORM	Formfactor Inc	56,500	$5,479,935
MTZ	Mastec Inc	17,000	$5,469,580
ENTG	Entegris Inc	45,500	$5,334,420
C	Citigroup Inc	47,000	$5,330,270
H	Hyatt Hotels Corp	36,000	$5,176,440
WAL	Western Alliance Bancorporation	73,000	$5,172,050
TKR	Timken Co	51,000	$5,129,070
FLEX	Flex Ltd.	78,000	$5,105,880
LFUS	Littelfuse Inc /De	15,000	$5,090,250
PIPR	Piper Sandler Companies	66,000	$5,052,300
AIR	Aar Corp	46,000	$5,035,160
RIO	Rio Tinto PLC	53,800	$5,019,002
GTX	Garrett Motion Inc.	275,000	$4,996,750
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
SPY	Spdr S&P 500 ETF Trust	3,000,000	$2,045,760,000
EXAS	EXACT SCIENCES CORP	6,405,000	$650,491,800
LLY	ELI LILLY & Co	375,000	$403,005,037
CRM	Salesforce, Inc.	1,261,177	$334,098,399
NDAQ	Nasdaq, Inc.	2,989,213	$290,342,258
NYT	New York Times Co	3,280,678	$227,744,666
CBRE	Cbre Group, Inc.	983,771	$158,180,539
IBIT	iShares Bitcoin Trust ETF	2,137,100	$106,107,015
TRU	TransUnion	675,000	$57,881,250
INSM	INSMED Inc	253,000	$44,032,120
ALNY	Alnylam Pharmaceuticals, Inc.	100,000	$39,765,000
ETHA	iShares Ethereum Trust ETF	1,481,001	$33,218,852
GPCR	Structure Therapeutics Inc.	454,000	$31,575,700
MLYS	Mineralys Therapeutics, Inc.	823,296	$29,877,411
SUNC	SunocoCorp LLC	606,277	$29,877,330
VSTM	Verastem, Inc.	2,000,000	$15,440,000
DOCS	Doximity, Inc.	311,000	$13,771,080
MDLN	Medline Inc.	260,000	$10,920,000
EDU	New Oriental Education & Technology Group Inc.	196,000	$10,785,880
ETH	Grayscale Ethereum Staking Mini ETF	228,340	$6,407,220
ASND	Ascendis Pharma A/S	1,400	$298,536
ACLX	Arcellx, Inc.	4,000	$260,800
SLNO	Soleno Therapeutics Inc	5,000	$231,500
ICLR	Icon PLC	1,200	$218,664
ESTA	Establishment Labs Holdings Inc.	3,000	$218,640
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

161 positions · $14,977,861,188 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 161 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
RVMD	Revolution Medicines, Inc. Healthcare	Reduced	13,604,796	-978,000	$1,323,066,411	+13.9%	8.83%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	4,218,394	-281,500	$878,564,918	−15.4%	5.87%
MSFT	Microsoft Corp Technology	Added	2,344,779	+130,700	$867,966,842	−18.9%	5.79%
AON	Aon plc Financial Services	Reduced	2,512,638	-152,600	$811,029,293	−13.8%	5.41%
BBIO	BridgeBio Pharma, Inc. Healthcare	Added	9,365,463	+367,000	$695,479,282	+1.0%	4.64%
PTGX	Protagonist Therapeutics, Inc Healthcare	Added	6,348,906	+204,900	$669,174,692	+24.7%	4.47%
NTRA	Natera, Inc. Healthcare	Reduced	3,207,366	-707,000	$641,441,126	−28.5%	4.28%
EXEL	Exelixis, Inc. Healthcare	Reduced	13,111,010	-2,598,490	$562,331,218	−18.3%	3.75%
AVGO	Broadcom Inc. Technology	Added	1,779,500	+887,100	$550,773,045	+78.3%	3.68%
UNH	Unitedhealth Group Inc Healthcare	Added	1,821,706	+222,800	$492,935,426	−6.6%	3.29%
SNPS	Synopsys Inc Technology	Added	1,213,300	+214,100	$481,049,184	+2.5%	3.21%
BSX	Boston Scientific Corp Healthcare	Added	7,470,684	+31,120	$468,785,421	−33.9%	3.13%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	881,485	+245,800	$433,276,322	+17.6%	2.89%
KKR	KKR & Co. Inc. Financial Services	Added	4,671,800	+2,654,100	$432,141,500	+68.0%	2.89%
LNTH	Lantheus Holdings, Inc. Healthcare	Added	5,583,479	+156,000	$423,506,882	+17.3%	2.83%
WAB	Westinghouse Air Brake Technologies Corp Industrials	Reduced	1,609,403	-866,600	$402,205,903	−23.9%	2.69%
SCHW	Schwab Charles Corp Financial Services	Added	3,955,657	+616,000	$371,752,644	+11.4%	2.48%
LQDA	Liquidia Corp Healthcare	Held	8,656,038	0	$326,678,874	+9.4%	2.18%
CRNX	Crinetics Pharmaceuticals, Inc. Healthcare	Added	8,338,098	+1,405,000	$302,839,719	−6.2%	2.02%
ROIV	Roivant Sciences Ltd. Healthcare	Added	9,675,000	+9,638,000	$267,997,500	+33278.7%	1.79%
V	Visa Inc. Financial Services	Added	840,710	+144,800	$254,096,190	+4.1%	1.70%
ARMK	Aramark Industrials	Reduced	6,135,431	-3,221,615	$248,730,372	−27.9%	1.66%
BEAM	Beam Therapeutics Inc. Healthcare	Added	10,134,696	+71,585	$241,509,805	−13.4%	1.61%
DIS	Walt Disney Co Communication Services	Reduced	2,401,591	-1,724,400	$231,465,340	−50.7%	1.55%
MA	Mastercard Inc Financial Services	Added	435,071	+262,400	$217,387,575	+120.5%	1.45%
MCK	Mckesson Corp Healthcare	Reduced	234,300	-64,600	$202,753,848	−17.3%	1.35%
AGIO	Agios Pharmaceuticals, Inc. Healthcare	Added	5,684,000	+524,495	$192,289,720	+36.9%	1.28%
CNTA	Centessa Pharmaceuticals plc Healthcare	Reduced	4,809,000	-568,068	$191,013,480	+42.0%	1.28%
TNGX	Tango Therapeutics, Inc. Healthcare	Reduced	9,097,411	-3,964,000	$190,317,838	+64.5%	1.27%
GRAL	GRAIL, Inc. Healthcare	Added	3,253,684	+911,000	$168,150,389	−16.1%	1.12%
TYRA	Tyra Biosciences, Inc. Healthcare	Added	3,580,818	+1,514,000	$137,145,329	+152.4%	0.92%
THC	Tenet Healthcare Corp Healthcare	Added	452,153	+80,000	$85,325,792	+15.4%	0.57%
CAH	Cardinal Health Inc Healthcare	Reduced	368,000	-208,000	$77,762,080	−34.3%	0.52%
PCVX	Vaxcyte, Inc. Healthcare	Added	1,261,000	+1,256,000	$73,276,710	+31662.8%	0.49%
DNTH	Dianthus Therapeutics, Inc. /DE/ Healthcare	NEW	836,000	NEW	$70,157,120	NEW	0.47%
BTSG	BrightSpring Health Services, Inc. Healthcare	Added	1,617,000	+1,595,000	$68,900,370	+8262.7%	0.46%
TWST	Twist Bioscience Corp Healthcare	Added	1,427,650	+1,420,000	$67,841,928	+27857.8%	0.45%
BIDU	Baidu, Inc. Communication Services	Added	443,785	+128,485	$49,446,524	+20.0%	0.33%
CGON	CG Oncology, Inc. Healthcare	Added	674,000	+666,000	$45,616,320	+13633.2%	0.30%
AZN	Astrazeneca PLC Healthcare	NEW	226,499	NEW	$44,670,132	NEW	0.30%
MRK	Merck & Co., Inc. Healthcare	NEW	361,000	NEW	$43,424,690	NEW	0.29%
ACHC	Acadia Healthcare Company, Inc. Healthcare	NEW	1,736,800	NEW	$40,623,752	NEW	0.27%
WELL	Welltower Inc. Real Estate	Reduced	200,000	-143,000	$39,542,000	−37.9%	0.26%
IMVT	Immunovant, Inc. Healthcare	Added	1,546,000	+1,534,000	$38,402,640	+12489.4%	0.26%
ENTA	Enanta Pharmaceuticals Inc Healthcare	Added	2,871,862	+99,600	$36,271,617	−17.0%	0.24%
JNJ	Johnson & Johnson Healthcare	NEW	148,000	NEW	$36,177,120	NEW	0.24%
BBNX	Beta Bionics, Inc. Healthcare	Reduced	3,607,920	-706,000	$36,151,358	−72.5%	0.24%
ASMB	Assembly Biosciences, Inc. Healthcare	Held	1,227,590	0	$34,065,622	−18.4%	0.23%
JOYY	JOYY Inc. Communication Services	Held	578,200	0	$33,761,098	−9.8%	0.23%
NTES	NetEase, Inc. Communication Services	NEW	291,219	NEW	$32,599,054	NEW	0.22%