Farallon Capital Management, L.L.C.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 24, 2024), Farallon Capital Management, L.L.C. reported 144 stock positions worth $16.6 billion. Its top holding was Hess (HES) at 5.9% of the portfolio, followed by Pioneer Natural Resources (PXD, 5.6%) and Unitedhealth (UNH, 5.1%). Compared with Q4 2023, it opened 41 new positions, sold out of 19, added to 37 and reduced 36. The biggest buy was Hess (HES, shares +116%) and the biggest sale an exit from Charter Communications Class A (CHTR).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0000909661
- Portfolio Value
- $16.6B (Q1 2024)
- SEC Filing
- 0000908834-24-000159 ↗ filed May 24, 2024
Holdings Value
Holdings 144 stocks · $16.6B
| HES Hess Corp. | 5.90% | 6,430,000 | $981.5M | Add +116.1% |
| PXD Pioneer Natural Resources Co. | 5.55% | 3,520,000 | $924.0M | Add +12.8% |
| UNH Unitedhealth Group Inc. | 5.06% | 1,701,410 | $841.7M | Add +41.5% |
| IQV Iqvia Holdings Inc. | 4.31% | 2,836,162 | $717.2M | Reduce -4.2% |
| EXEL Exelixis Inc. | 3.80% | 26,678,500 | $633.1M | Add +0.2% |
| CRM Salesforce Inc. | 3.53% | 1,952,168 | $588.0M | Add +1.4% |
| ARMK Aramark | 3.48% | 17,822,937 | $579.6M | Add +5.5% |
| NDAQ Nasdaq Inc. | 3.20% | 8,436,719 | $532.4M | Add +28.4% |
| MSFT Microsoft Corp. | 3.06% | 1,211,458 | $509.7M | Reduce -9.5% |
| GOOG Alphabet Inc. Class C | 3.05% | 3,337,950 | $508.2M | Add +6.3% |
| TRU Transunion | 3.05% | 6,351,256 | $506.8M | Reduce -30.4% |
| NYT New York Times Co. Class A | 2.91% | 11,188,059 | $483.5M | Add +18.1% |
| TMO Thermo Fisher Scientific Inc. | 2.78% | 797,416 | $463.5M | Reduce -33.7% |
| WAB Wabtec Corp. | 2.59% | 2,956,398 | $430.7M | Reduce -24.9% |
| CBRE CBRE Group Inc. Class A | 2.44% | 4,184,030 | $406.9M | Reduce -1.5% |
| NTRA Natera Inc. | 2.16% | 3,927,683 | $359.2M | Add +13.0% |
| INTU Intuit Inc. | 2.10% | 537,078 | $349.1M | Add +0.8% |
| SPGI S&P Global Inc. | 2.03% | 793,844 | $337.7M | Reduce -10.1% |
| SRPT Sarepta Therapeutics Inc. | 1.91% | 2,453,500 | $317.6M | Add +102.8% |
| BSX Boston Scientific Corp. | 1.89% | 4,596,657 | $314.8M | Reduce -21.0% |
| ADI Analog Devices Inc. | 1.83% | 1,537,990 | $304.2M | Add +3.3% |
| NOW ServiceNow Inc. | 1.81% | 395,088 | $301.2M | Reduce -6.2% |
| ABNB Airbnb Inc. Class A | 1.59% | 1,608,220 | $265.3M | New |
| SHW The Sherwin-Williams Co. | 1.57% | 753,830 | $261.8M | Reduce -9.4% |
| CSGP Costar Group Inc. | 1.51% | 2,594,356 | $250.6M | Reduce -16.9% |
| MA Mastercard Inc. Class A | 1.48% | 513,161 | $247.1M | Reduce -17.2% |
| RVMD Revolution Medicines Inc. | 1.45% | 7,507,872 | $242.0M | Add +11.4% |
| HWM Howmet Aerospace Inc. | 1.40% | 3,410,759 | $233.4M | Reduce -27.7% |
| MASI Masimo Corp. | 1.31% | 1,489,563 | $218.7M | Add +13.6% |
| AON Aon PLC Class A | 1.27% | 632,000 | $210.9M | New |
| CNC Centene Corp. | 1.23% | 2,607,875 | $204.7M | Reduce -36.9% |
| YMM Full Truck Alliance -SPN ADR | 1.15% | 26,285,059 | $191.1M | Reduce -31.2% |
| V Visa Inc. Class A | 1.14% | 680,850 | $190.0M | Reduce -14.7% |
| PTGX Protagonist Therapeutics Inc. | 1.00% | 5,738,973 | $166.0M | Add +0.1% |
| AGIO Agios Pharmaceuticals Inc. | 0.98% | 5,590,602 | $163.5M | Add +34.1% |
| BEAM Beam Therapeutics Inc. | 0.90% | 4,511,753 | $149.1M | Add +9.9% |
| CTLT Catalent Inc. | 0.86% | 2,550,000 | $143.9M | Add +80.5% |
| INSP Inspire Medical Systems Inc. | 0.81% | 626,854 | $134.6M | Reduce -26.7% |
| X United States Steel Corp. | 0.78% | 3,190,000 | $130.1M | Add +30.2% |
| AZN Astrazeneca PLC-Spons ADR | 0.59% | 1,459,718 | $98.9M | Reduce -61.8% |
| VSTS Vestis Corp. | 0.57% | 4,914,753 | $94.7M | Reduce -10.2% |
| AMED Amedisys Inc. | 0.56% | 1,008,300 | $92.9M | Add +47.0% |
| LNTH Lantheus Holdings Inc. | 0.55% | 1,483,227 | $92.3M | Add +595.3% |
| ANSS Ansys Inc. | 0.53% | 255,000 | $88.5M | New |
| GBTC Grayscale Bitcoin Trust ETF | 0.51% | 1,349,077 | $85.2M | New |
| COR Cencora Inc. | 0.49% | 334,000 | $81.2M | Add +97.6% |
| THC Tenet Healthcare Corp. | 0.40% | 637,442 | $67.0M | Add +70.1% |
| SIMO Silicon Motion Technol-ADR | 0.40% | 855,449 | $65.8M | Add +247.0% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.39% | 4,740,833 | $65.1M | Reduce -0.4% |
| LBPH Longboard Pharmaceuticals Inc. | 0.38% | 2,940,500 | $63.5M | Add +88.4% |
| ICLR Icon PLC | 0.36% | 179,700 | $60.4M | New |
| EDU New Oriental Educatio-SP ADR | 0.32% | 615,000 | $53.4M | Add +4630.8% |
| CERE Cerevel Therapeutics Holding | 0.27% | 1,063,000 | $44.9M | Add +87.4% |
| BHVN Biohaven Ltd. | 0.26% | 799,000 | $43.7M | Add +6.5% |
| ENTA Enanta Pharmaceuticals Inc. | 0.22% | 2,095,000 | $36.6M | Add +3.5% |
| EVH Evolent Health Inc. Class A | 0.20% | 1,037,331 | $34.0M | Reduce -52.1% |
| IONS Ionis Pharmaceuticals Inc. | 0.19% | 734,000 | $31.8M | Reduce -52.8% |
| LQDA Liquidia Corp. | 0.18% | 2,055,000 | $30.3M | New |
| HIMS Hims & Hers Health Inc. | 0.16% | 1,676,000 | $25.9M | Add +3890.5% |
| PCVX Vaxcyte Inc. | 0.15% | 377,400 | $25.8M | Add +11000.0% |
| UTHR United Therapeutics Corp. | 0.15% | 110,000 | $25.3M | Reduce -76.9% |
| GERN Geron Corp. | 0.15% | 7,495,000 | $24.7M | New |
| BABA Alibaba Group Holding-SP ADR | 0.14% | 329,000 | $23.8M | Reduce -38.5% |
| PGNY Progyny Inc. | 0.14% | 592,600 | $22.6M | New |
| VYGR Voyager Therapeutics Inc. | 0.13% | 2,292,000 | $21.3M | Add +77.4% |
| PCG P G & E Corp. | 0.13% | 1,271,642 | $21.3M | Reduce -44.0% |
| DFS Discover Financial Services | 0.13% | 160,000 | $21.0M | New |
| APGE Apogee Therapeutics Inc. | 0.12% | 305,000 | $20.3M | New |
| ELEV Elevation Oncology Inc. | 0.12% | 3,886,663 | $19.9M | New |
| HUM Humana Inc. | 0.11% | 51,700 | $17.9M | Reduce -57.4% |
| SYRE Spyre Therapeutics Inc. | 0.11% | 466,000 | $17.7M | New |
| ARQT Arcutis Biotherapeutics Inc. | 0.11% | 1,780,000 | $17.6M | New |
| VTYX Ventyx Biosciences Inc. | 0.10% | 3,170,000 | $17.4M | New |
| ZYME Zymeworks Inc. | 0.10% | 1,601,000 | $16.8M | Reduce -8.8% |
| ASND Ascendis Pharma A/S | 0.10% | 109,000 | $16.5M | New |
| ITCI Intra-Cellular Therapies Inc. | 0.10% | 231,000 | $16.0M | New |
| AXONICS INC | 0.09% | 225,000 | $15.5M | New |
| TAL Tal Education Group- ADR | 0.09% | 1,365,000 | $15.5M | No change |
| RNAM Avidity Biosciences Inc. | 0.09% | 606,061 | $15.5M | New |
| IMNM Immunome Inc. | 0.09% | 594,000 | $14.7M | New |
| MGX Metagenomi Therapeutics Inc. | 0.09% | 1,343,201 | $14.2M | New |
| PACB Pacific Biosciences of Calif | 0.09% | 3,772,452 | $14.1M | Reduce -39.1% |
| SVRA Savara Inc. | 0.07% | 2,394,299 | $11.9M | Reduce -61.7% |
| QTRX Quanterix Corp. | 0.07% | 471,000 | $11.1M | Add +156.0% |
| SCRM Screaming Eagle Acq Class A | 0.06% | 1,000,000 | $10.7M | No change |
| ROIV Roivant Sciences Ltd. | 0.06% | 898,600 | $9.5M | Reduce -87.8% |
| RIO Rio Tinto PLC-Spon ADR | 0.05% | 137,500 | $8.8M | No change |
| CZOOF Cazoo Group Ltd. | 0.05% | 714,240 | $8.6M | No change |
| BRKR Bruker Corp. | 0.05% | 83,100 | $7.8M | Add +2670.0% |
| GOSS Gossamer Bio Inc. | 0.04% | 6,130,272 | $7.2M | No change |
| CYTK Cytokinetics Inc. | 0.04% | 102,400 | $7.2M | Reduce -90.6% |
| BBOT Bridgebio Oncology Therapeut filed as HELIX ACQUISITION CORP II | 0.04% | 600,000 | $6.2M | New |
| NVAX Novavax Inc. | 0.03% | 1,131,000 | $5.4M | New |
| PRME Prime Medicine Inc. | 0.03% | 750,000 | $5.3M | New |
| ALT Altimmune Inc. | 0.03% | 470,000 | $4.8M | Add +1282.3% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.03% | 710,000 | $4.7M | New |
| RARE Ultragenyx Pharmaceutical Inc. | 0.03% | 99,000 | $4.6M | New |
| CNTA Centessa Pharmaceuticals Ltd. | 0.03% | 371,000 | $4.2M | New |
| AMLX Amylyx Pharmaceuticals Inc. | 0.02% | 1,150,221 | $3.3M | New |
| IVCP Swiftmerge Acquisition Cor-A | 0.02% | 300,000 | $3.2M | No change |
| COGT Cogent Biosciences Inc. | 0.02% | 462,000 | $3.1M | Add +2617.7% |
| PRAX Praxis Precision Medicines I | 0.02% | 50,000 | $3.1M | New |
| BACA Berenson Acquisition Co. Class A | 0.02% | 285,715 | $3.0M | No change |
| AVBP Arrivent Biopharma Inc. | 0.02% | 151,768 | $2.7M | New |
| ARYD Arya Sciences Acquisition-A | 0.01% | 200,000 | $2.3M | No change |
| MAC COPPER LTD filed as METALS ACQUISITION LIMITED | 0.01% | 157,500 | $2.0M | No change |
| SMLP Summit Midstream Partners LP | 0.01% | 58,214 | $1.6M | No change |
| GATE Marblegate Acquisition Cor-A | 0.01% | 150,000 | $1.6M | No change |
| TVRD Cara Therapeutics Inc. | 0.01% | 1,556,251 | $1.4M | No change |
| FORTE BIOSCIENCES INC | 0.01% | 1,810,455 | $1.3M | No change |
| SLNO Soleno Therapeutics Inc. | 0.01% | 27,750 | $1.2M | Reduce -83.2% |
| VNET Vnet Group Inc.-ADR | 0.01% | 650,000 | $1.0M | Reduce -63.4% |
| MDGL Madrigal Pharmaceuticals Inc. | 0.01% | 3,319 | $886K | No change |
| SAGE Sage Therapeutics Inc. | 0.00% | 42,800 | $802K | No change |
| LU Lufax Holding Ltd.-ADR | 0.00% | 149,999 | $633K | No change |
| IOVA Iovance Biotherapeutics Inc. | 0.00% | 26,000 | $385K | Reduce -95.4% |
| BPMC Blueprint Medicines Corp. | 0.00% | 4,000 | $379K | No change |
| KRYS Krystal Biotech Inc. | 0.00% | 2,000 | $356K | No change |
| APLS Apellis Pharmaceuticals Inc. | 0.00% | 6,000 | $353K | No change |
| HCA HCA Healthcare Inc. | 0.00% | 1,000 | $334K | Reduce -95.2% |
| AXSM Axsome Therapeutics Inc. | 0.00% | 4,000 | $319K | No change |
| ALNY Alnylam Pharmaceuticals Inc. | 0.00% | 2,000 | $299K | No change |
| ACLX Arcellx Inc. | 0.00% | 4,000 | $278K | No change |
| CHE Chemed Corp. | 0.00% | 400 | $257K | No change |
| EHC Encompass Health Corp. | 0.00% | 3,000 | $248K | No change |
| SWTX Springworks Therapeutics Inc. | 0.00% | 5,000 | $246K | New |
| GKOS Glaukos Corp. | 0.00% | 2,600 | $245K | No change |
| BTSG Brightspring Health Services | 0.00% | 22,000 | $239K | New |
| SNDX Syndax Pharmaceuticals Inc. | 0.00% | 10,000 | $238K | No change |
| CRNX Crinetics Pharmaceuticals Inc. | 0.00% | 5,000 | $234K | Reduce -95.9% |
| ALPN Alpine Immune Sciences Inc. | 0.00% | 5,900 | $234K | New |
| CCCC C4 Therapeutics Inc. | 0.00% | 28,000 | $229K | New |
| HQY Healthequity Inc. | 0.00% | 2,800 | $229K | New |
| MMSI Merit Medical Systems Inc. | 0.00% | 3,000 | $227K | New |
| ACHC Acadia Healthcare Co. Inc. | 0.00% | 2,800 | $222K | No change |
| IDYA Ideaya Biosciences Inc. | 0.00% | 5,000 | $219K | New |
| SBRA Sabra Health Care REIT Inc. | 0.00% | 14,000 | $207K | No change |
| RCM R1 RCM Inc. | 0.00% | 16,000 | $206K | No change |
| FOLD Amicus Therapeutics Inc. | 0.00% | 16,000 | $188K | No change |
| GRFS Grifols SA-ADR | 0.00% | 28,000 | $187K | New |
| ARDX Ardelyx Inc. | 0.00% | 23,000 | $168K | New |
| OSCR Oscar Health Inc. Class A | 0.00% | 11,000 | $164K | New |
| BYND Beyond Meat Inc. | 0.00% | 19,000 | $157K | New |
| IRWD Ironwood Pharmaceuticals Inc. | 0.00% | 13,000 | $113K | New |
Options reported separately and not counted above: SPY puts ($6.0B), IBB puts ($480.3M), XBI puts ($47.4M).
Other holdings (28): bonds, preferreds, convertibles and warrants · $363.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| IQIYI INC (IQ 4 12/15/26) | NOTE 4.000%12/1 · principal | 163,100,000 | $161.4M | Reduce -13.3% |
| SUNRUN INC (RUN 0 02/01/26) | NOTE 2/0 · principal | 130,846,000 | $113.3M | Add +6.1% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 75,000,000 | $73.3M | No change |
| JOYY INC (JOYY 1.375 06/15/26) | NOTE 1.375% 6/1 · principal | 10,415,000 | $10.3M | No change |
| METALS ACQUISITION LTD | *W EXP 06/15/202 | 825,000 | $1.7M | No change |
| GRND.WS Grindr Inc. -26 | *W EXP 11/18/202 | 540,000 | $1.2M | No change |
| LUNRW Intuitive Machines Inc.-CW | *W EXP 99/99/999 | 440,965 | $772K | Reduce -53.6% |
| SCRMW Screaming Eagle Acq Class A -27 | *W EXP 99/99/999 | 333,330 | $157K | No change |
| SEPAW Sep Acquisition Corp. -CW23 | *W EXP 99/99/999 | 866,250 | $147K | No change |
| SEDA.WS SDCL Edge Acq Class A -CW28 | *W EXP 99/99/999 | 866,250 | $121K | No change |
| SLDPW Decarbonization Plus -CW23 | *W EXP 12/08/202 | 405,316 | $85K | No change |
| AEON BIOPHARMA INC | *W EXP 07/21/202 | 49,995 | $72K | No change |
| CVIIW Churchill Capital Vii -CW28 | *W EXP 02/29/202 | 200,000 | $64K | No change |
| IVCPW Swiftmerge Acquisition -CW23 | *W EXP 12/13/202 | 990,000 | $55K | No change |
| GHIXW Gores Holding Ix -CW24 | *W EXP 01/14/202 | 166,664 | $47K | No change |
| JWSWF Jaws Mustang Acq C -CW26 | *W EXP 01/30/202 | 200,000 | $43K | No change |
| KCGI.WS Kensington Capital Acq -CW23 | *W EXP 99/99/999 | 581,400 | $35K | No change |
| VSTWF Vast Solar PTY Ltd. -28 | *W EXP 07/01/202 | 450,000 | $32K | No change |
| GATEW Marblegate Acquisition -CW22 | *W EXP 08/31/202 | 1,485,000 | $26K | No change |
| PERCEPTION CAPITAL CORP IV | *W EXP 99/99/999 | 300,000 | $22K | No change |
| LGVCW Lamf Global Ventures -CW23 | *W EXP 99/99/999 | 200,000 | $20K | No change |
| NVNWF Nvni Group Ltd.-28 | *W EXP 11/01/202 | 375,000 | $20K | No change |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 120,085 | $19K | No change |
| CRTWF Cartica Acquisition A -28 | *W EXP 04/30/202 | 175,000 | $17K | No change |
| BCSAW Blockchain Coinvestors Acqui | *W EXP 11/01/202 | 150,000 | $6K | No change |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 22,675 | $6K | No change |
| SLMWF Slam Corp.-A -CW27 | *W EXP 99/99/999 | 17,627 | $3K | No change |
| MVLAW Pathfinder Acq Class A -CW27 | *W EXP 02/10/202 | 150,000 | $945 | No change |
Total filed on the 13F, all lines: $17.0B.
Portfolio Sells Q4 2023 → Q1 2024
| CHTR Charter Communications Inc. Class A | Sold out | 0.00% | −2.00 |
| BX Blackstone Inc. | Sold out | 0.00% | −1.43 |
| TMO Thermo Fisher Scientific Inc. | Reduce -33.7% | 2.78% | −1.34 |
| SPLK Splunk Inc. | Sold out | 0.00% | −1.30 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -61.8% | 0.59% | −1.07 |
| KRTX Karuna Therapeutics Inc. | Sold out | 0.00% | −1.07 |
| TRU Transunion | Reduce -30.4% | 3.05% | −1.00 |
| MRTX Mirati Therapeutics Inc. | Sold out | 0.00% | −0.77 |
| CNC Centene Corp. | Reduce -36.9% | 1.23% | −0.75 |
| WAB Wabtec Corp. | Reduce -24.9% | 2.59% | −0.64 |
| YMM Full Truck Alliance -SPN ADR | Reduce -31.2% | 1.15% | −0.58 |
| CYTK Cytokinetics Inc. | Reduce -90.6% | 0.04% | −0.54 |
| UTHR United Therapeutics Corp. | Reduce -76.9% | 0.15% | −0.52 |
| SPGI S&P Global Inc. | Reduce -10.1% | 2.03% | −0.48 |
| ROIV Roivant Sciences Ltd. | Reduce -87.8% | 0.06% | −0.47 |
| IONS Ionis Pharmaceuticals Inc. | Reduce -52.8% | 0.19% | −0.32 |
| INSP Inspire Medical Systems Inc. | Reduce -26.7% | 0.81% | −0.31 |
| PACB Pacific Biosciences of Calif | Reduce -39.1% | 0.09% | −0.31 |
| BSX Boston Scientific Corp. | Reduce -21.0% | 1.89% | −0.28 |
| EVH Evolent Health Inc. Class A | Reduce -52.1% | 0.20% | −0.26 |
| CSGP Costar Group Inc. | Reduce -16.9% | 1.51% | −0.25 |
| HUM Humana Inc. | Reduce -57.4% | 0.11% | −0.25 |
| HWM Howmet Aerospace Inc. | Reduce -27.7% | 1.40% | −0.24 |
| MA Mastercard Inc. Class A | Reduce -17.2% | 1.48% | −0.22 |
| V Visa Inc. Class A | Reduce -14.7% | 1.14% | −0.20 |
| MSFT Microsoft Corp. | Reduce -9.5% | 3.06% | −0.18 |
| VSTS Vestis Corp. | Reduce -10.2% | 0.57% | −0.18 |
| IMGN Immunogen Inc. | Sold out | 0.00% | −0.16 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.14 |
| PCG P G & E Corp. | Reduce -44.0% | 0.13% | −0.14 |
| BABA Alibaba Group Holding-SP ADR | Reduce -38.5% | 0.14% | −0.12 |
| OPCH Option Care Health Inc. | Sold out | 0.00% | −0.12 |
| SVRA Savara Inc. | Reduce -61.7% | 0.07% | −0.12 |
| IQV Iqvia Holdings Inc. | Reduce -4.2% | 4.31% | −0.11 |
| NOW ServiceNow Inc. | Reduce -6.2% | 1.81% | −0.11 |
| BEKE Ke Holdings Inc.-ADR | Reduce -0.4% | 0.39% | −0.11 |
| CBRE CBRE Group Inc. Class A | Reduce -1.5% | 2.44% | −0.11 |
| SHW The Sherwin-Williams Co. | Reduce -9.4% | 1.57% | −0.10 |
| IMVT Immunovant Inc. | Sold out | 0.00% | −0.09 |
| TVTX Travere Therapeutics Inc. | Sold out | 0.00% | −0.06 |
| NBIX Neurocrine Biosciences Inc. | Sold out | 0.00% | −0.06 |
| SOVO Sovos Brands Inc. | Sold out | 0.00% | −0.06 |
| SLNO Soleno Therapeutics Inc. | Reduce -83.2% | 0.01% | −0.04 |
| HCA HCA Healthcare Inc. | Reduce -95.2% | 0.00% | −0.03 |
| GHIX Gores Holding Ix Inc. Class A | Sold out | 0.00% | −0.03 |
| IOVA Iovance Biotherapeutics Inc. | Reduce -95.4% | 0.00% | −0.03 |
| CRNX Crinetics Pharmaceuticals Inc. | Reduce -95.9% | 0.00% | −0.03 |
| VNET Vnet Group Inc.-ADR | Reduce -63.4% | 0.01% | −0.03 |
| BLUEBIRD BIO INC | Sold out | 0.00% | −0.02 |
| ZYME Zymeworks Inc. | Reduce -8.8% | 0.10% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| HES Hess Corp. | Add +116.1% | 5.90% | +3.13 |
| ABNB Airbnb Inc. Class A | New | 1.59% | +1.59 |
| AON Aon PLC Class A | New | 1.27% | +1.27 |
| SRPT Sarepta Therapeutics Inc. | Add +102.8% | 1.91% | +1.16 |
| PXD Pioneer Natural Resources Co. | Add +12.8% | 5.55% | +1.03 |
| UNH Unitedhealth Group Inc. | Add +41.5% | 5.06% | +0.97 |
| NTRA Natera Inc. | Add +13.0% | 2.16% | +0.75 |
| NDAQ Nasdaq Inc. | Add +28.4% | 3.20% | +0.73 |
| ANSS Ansys Inc. | New | 0.53% | +0.53 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.51% | +0.51 |
| LNTH Lantheus Holdings Inc. | Add +595.3% | 0.55% | +0.47 |
| CTLT Catalent Inc. | Add +80.5% | 0.86% | +0.46 |
| ARMK Aramark | Add +5.5% | 3.48% | +0.42 |
| AGIO Agios Pharmaceuticals Inc. | Add +34.1% | 0.98% | +0.38 |
| ICLR Icon PLC | New | 0.36% | +0.36 |
| MASI Masimo Corp. | Add +13.6% | 1.31% | +0.32 |
| LBPH Longboard Pharmaceuticals Inc. | Add +88.4% | 0.38% | +0.32 |
| EDU New Oriental Educatio-SP ADR | Add +4630.8% | 0.32% | +0.31 |
| SIMO Silicon Motion Technol-ADR | Add +247.0% | 0.40% | +0.30 |
| COR Cencora Inc. | Add +97.6% | 0.49% | +0.26 |
| CRM Salesforce Inc. | Add +1.4% | 3.53% | +0.26 |
| THC Tenet Healthcare Corp. | Add +70.1% | 0.40% | +0.22 |
| RVMD Revolution Medicines Inc. | Add +11.4% | 1.45% | +0.21 |
| GOOG Alphabet Inc. Class C | Add +6.3% | 3.05% | +0.20 |
| LQDA Liquidia Corp. | New | 0.18% | +0.18 |
| BEAM Beam Therapeutics Inc. | Add +9.9% | 0.90% | +0.17 |
| PCVX Vaxcyte Inc. | Add +11000.0% | 0.15% | +0.15 |
| HIMS Hims & Hers Health Inc. | Add +3890.5% | 0.16% | +0.15 |
| PTGX Protagonist Therapeutics Inc. | Add +0.1% | 1.00% | +0.15 |
| GERN Geron Corp. | New | 0.15% | +0.15 |
| AMED Amedisys Inc. | Add +47.0% | 0.56% | +0.14 |
| PGNY Progyny Inc. | New | 0.14% | +0.14 |
| DFS Discover Financial Services | New | 0.13% | +0.13 |
| APGE Apogee Therapeutics Inc. | New | 0.12% | +0.12 |
| ELEV Elevation Oncology Inc. | New | 0.12% | +0.12 |
| CERE Cerevel Therapeutics Holding | Add +87.4% | 0.27% | +0.11 |
| SYRE Spyre Therapeutics Inc. | New | 0.11% | +0.11 |
| ARQT Arcutis Biotherapeutics Inc. | New | 0.11% | +0.11 |
| VTYX Ventyx Biosciences Inc. | New | 0.10% | +0.10 |
| ASND Ascendis Pharma A/S | New | 0.10% | +0.10 |
| ENTA Enanta Pharmaceuticals Inc. | Add +3.5% | 0.22% | +0.10 |
| ITCI Intra-Cellular Therapies Inc. | New | 0.10% | +0.10 |
| AXONICS INC | New | 0.09% | +0.09 |
| RNAM Avidity Biosciences Inc. | New | 0.09% | +0.09 |
| IMNM Immunome Inc. | New | 0.09% | +0.09 |
| MGX Metagenomi Therapeutics Inc. | New | 0.09% | +0.09 |
| VYGR Voyager Therapeutics Inc. | Add +77.4% | 0.13% | +0.06 |
| BHVN Biohaven Ltd. | Add +6.5% | 0.26% | +0.06 |
| BRKR Bruker Corp. | Add +2670.0% | 0.05% | +0.05 |
| BBOT Bridgebio Oncology Therapeut | New | 0.04% | +0.04 |
Options Activity Q4 2023 → Q1 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -6.5% | 11,540,000 | $6.0B |
| IBB iShares Biotechnology ETF | put | New | 3,500,000 | $480.3M |
| XBI SS SPDR S&P Biotech ETF | put | New | 500,000 | $47.4M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024
| IQIYI INC (IQ 4 12/15/26) | NOTE 4.000%12/1 · principal | Reduce -13.3% | 163,100,000 | $161.4M |
| SUNRUN INC (RUN 0 02/01/26) | NOTE 2/0 · principal | Add +6.1% | 130,846,000 | $113.3M |
| VNET GROUP INC (VNET 0 02/01/26) | NOTE 2/0 · principal | Sold out | 87,250,000 | $86.1Mbefore exit |
| SPLUNK INC (SPLK 1.125 06/15/27) | NOTE 1.125% 6/1 · principal | Sold out | 23,500,000 | $22.9Mbefore exit |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | Sold out | 15,000,000 | $12.5Mbefore exit |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Sold out | 8,800,000 | $6.9Mbefore exit |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | Sold out | 5,000,000 | $4.4Mbefore exit |
| LUNRW Intuitive Machines Inc.-CW | *W EXP 99/99/999 | Reduce -53.6% | 440,965 | $772K |
| LCAHW Landcadia Holdings IV -CW28 | *W EXP 03/29/202 | Sold out | 125,000 | $8Kbefore exit |
| SLACW Social Leverage Acq A -CW27 | *W EXP 02/17/202 | Sold out | 187,500 | $6Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 77 | $16.9B | RVMD, EA, BBIO, PTGX, EXEL |
| Q1 2026Amended | 163 | $16.8B | EA, RVMD, AMZN, MSFT, AON |
| Q4 2025Amended | 143 | $19.2B | RVMD, MSFT, AMZN, EA, AON |
| Q3 2025Amended | 134 | $17.7B | MSFT, AON, EXEL, AMZN, NTRA |
| Q2 2025Amended | 138 | $21.9B | SPY, MSFT, NTRA, HES, AON |
| Q1 2025Amended | 139 | $18.5B | HES, MSFT, EXEL, DFS, UNH |
| Q4 2024Amended | 138 | $18.9B | HES, EXEL, UNH, DFS, NTRA |
| Q3 2024Amended | 145 | $18.0B | HES, IQV, EXEL, UNH, MSFT |
| Q2 2024Amended | 140 | $16.6B | HES, UNH, CRM, IQV, EXEL |
| Q1 2024Amended | 144 | $16.6B | HES, PXD, UNH, IQV, EXEL |