Farallon Capital Management, L.L.C.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Farallon Capital Management, L.L.C. reported 138 stock positions worth $18.9 billion. Its top holding was Hess (HES) at 4.5% of the portfolio, followed by Exelixis (EXEL, 4.1%) and Unitedhealth (UNH, 3.9%). Compared with Q3 2024, it opened 22 new positions, sold out of 29, added to 36 and reduced 31. The biggest buy was Discover Financial Services (DFS, shares +488%) and the biggest sale an exit from Catalent (CTLT).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0000909661
- Portfolio Value
- $18.9B (Q4 2024)
- SEC Filing
- 0000908834-25-000081 ↗ filed Feb 14, 2025
Holdings Value
Holdings 138 stocks · $18.9B
| HES Hess Corp. | 4.53% | 6,445,000 | $857.2M | No change |
| EXEL Exelixis Inc. | 4.13% | 23,439,500 | $780.5M | Reduce -7.8% |
| UNH Unitedhealth Group Inc. | 3.91% | 1,462,500 | $739.8M | Add +33.2% |
| DFS Discover Financial Services | 3.90% | 4,260,000 | $738.0M | Add +487.6% |
| NTRA Natera Inc. | 3.71% | 4,431,609 | $701.5M | Reduce -2.8% |
| MSFT Microsoft Corp. | 3.64% | 1,633,147 | $688.4M | Add +11.3% |
| AON Aon PLC Class A | 3.48% | 1,832,733 | $658.2M | Add +7.4% |
| TMO Thermo Fisher Scientific Inc. | 3.39% | 1,233,256 | $641.6M | Add +73.8% |
| IQV Iqvia Holdings Inc. | 3.24% | 3,123,151 | $613.7M | Reduce -1.5% |
| RVMD Revolution Medicines Inc. | 3.06% | 13,248,692 | $579.5M | Add +17.1% |
| ADSK Autodesk Inc. | 2.88% | 1,841,800 | $544.4M | New |
| TRU Transunion | 2.61% | 5,326,319 | $493.8M | Reduce -2.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.61% | 4,428,068 | $493.1M | Reduce -24.0% |
| LNTH Lantheus Holdings Inc. | 2.51% | 5,316,227 | $475.6M | Add +79.9% |
| INTU Intuit Inc. | 2.50% | 753,758 | $473.7M | Add +19.5% |
| BSX Boston Scientific Corp. | 2.37% | 5,022,957 | $448.7M | Reduce -7.4% |
| ARMK Aramark | 2.25% | 11,410,340 | $425.7M | Reduce -1.9% |
| CRM Salesforce Inc. | 2.14% | 1,210,138 | $404.6M | Reduce -40.8% |
| GOOG Alphabet Inc. Class C | 2.09% | 2,080,540 | $396.2M | Reduce -13.7% |
| IBIT iShares Bitcoin Trust ETF | 2.04% | 7,259,100 | $385.1M | Add +404.1% |
| NYT New York Times Co. Class A | 2.03% | 7,376,113 | $383.9M | Reduce -15.7% |
| SRPT Sarepta Therapeutics Inc. | 1.84% | 2,865,100 | $348.4M | Add +11.1% |
| MCK McKesson Corp. | 1.84% | 610,700 | $348.0M | New |
| ANSS Ansys Inc. | 1.69% | 948,000 | $319.8M | Add +6.8% |
| ABNB Airbnb Inc. Class A | 1.69% | 2,429,200 | $319.2M | Add +2.5% |
| NDAQ Nasdaq Inc. | 1.63% | 3,998,019 | $309.1M | Add +6.3% |
| CBRE CBRE Group Inc. Class A | 1.51% | 2,179,800 | $286.2M | Reduce -26.6% |
| LBRDK Liberty Broadband-C | 1.46% | 3,700,000 | $276.6M | Add +460.6% |
| WAB Wabtec Corp. | 1.43% | 1,430,198 | $271.2M | Reduce -35.3% |
| WWD Woodward Inc. | 1.34% | 1,521,300 | $253.2M | Add +31.8% |
| ADI Analog Devices Inc. | 1.30% | 1,157,200 | $245.9M | Reduce -21.4% |
| SCHW Schwab (charles) Corp. | 1.24% | 3,169,000 | $234.5M | New |
| PTGX Protagonist Therapeutics Inc. | 1.21% | 5,930,006 | $228.9M | Add +1.2% |
| HCP Hashicorp Inc. Class A | 1.17% | 6,453,000 | $220.8M | Add +45.2% |
| CRNX Crinetics Pharmaceuticals Inc. | 1.10% | 4,075,098 | $208.4M | Add +250.7% |
| BEAM Beam Therapeutics Inc. | 1.08% | 8,239,123 | $204.3M | Add +0.4% |
| HIMS Hims & Hers Health Inc. | 1.07% | 8,377,000 | $202.6M | Add +64338.5% |
| AGIO Agios Pharmaceuticals Inc. | 0.99% | 5,674,466 | $186.5M | Add +0.2% |
| BMY Bristol-Myers Squibb Co. | 0.95% | 3,188,000 | $180.3M | New |
| YMM Full Truck Alliance -SPN ADR | 0.95% | 16,585,095 | $179.5M | Reduce -19.8% |
| V Visa Inc. Class A | 0.92% | 549,510 | $173.7M | Reduce -26.9% |
| BHVN Biohaven Ltd. | 0.87% | 4,428,167 | $165.4M | Add +21.6% |
| JNPR Juniper Networks Inc. | 0.84% | 4,225,000 | $158.2M | Add +228.8% |
| MA Mastercard Inc. Class A | 0.82% | 295,671 | $155.7M | Reduce -41.6% |
| EDU New Oriental Educatio-SP ADR | 0.80% | 2,359,150 | $151.4M | Reduce -6.9% |
| X United States Steel Corp. | 0.68% | 3,776,000 | $128.3M | Add +57.0% |
| BBIO Bridgebio Pharma Inc. | 0.61% | 4,195,000 | $115.1M | Add +140.1% |
| CHX Championx Corp. | 0.55% | 3,835,000 | $104.3M | Add +96.2% |
| K Kellanova | 0.45% | 1,048,818 | $84.9M | New |
| AMED Amedisys Inc. | 0.38% | 800,000 | $72.6M | Reduce -46.7% |
| MASI Masimo Corp. | 0.35% | 397,000 | $65.6M | Reduce -68.5% |
| CNTA Centessa Pharmaceuticals Ltd. | 0.31% | 3,498,709 | $58.6M | Add +24.3% |
| EDR Endeavor Group Hold Class A | 0.30% | 1,835,185 | $57.4M | Add +14.3% |
| HR Healthcare Realty Trust Inc. | 0.29% | 3,264,000 | $55.3M | Add +25.4% |
| WAY Waystar Holding Corp. | 0.26% | 1,342,000 | $49.3M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 82,000 | $48.1M | New |
| EHC Encompass Health Corp. | 0.23% | 461,000 | $42.6M | Add +15266.7% |
| LQDA Liquidia Corp. | 0.20% | 3,290,956 | $38.7M | No change |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.19% | 1,531,133 | $36.4M | No change |
| TECX Tectonic Therapeutic Inc. | 0.17% | 713,050 | $32.9M | Add +37.0% |
| CAPR Capricor Therapeutics Inc. | 0.16% | 2,250,400 | $31.1M | New |
| ALTR Altair Engineering Inc. Class A | 0.16% | 282,000 | $30.8M | New |
| MTTR Matterport Inc. | 0.13% | 5,069,100 | $24.0M | Add +16.4% |
| FLUT Flutter Entertainment PLC-Di | 0.12% | 90,300 | $23.3M | Add +69.5% |
| SIMO Silicon Motion Technol-ADR | 0.12% | 415,000 | $22.4M | Reduce -19.3% |
| GXO Gxo Logistics Inc. | 0.12% | 513,400 | $22.3M | New |
| SVRA Savara Inc. | 0.11% | 6,835,000 | $21.0M | Add +49.9% |
| ZYME Zymeworks Inc. | 0.10% | 1,329,974 | $19.5M | Reduce -2.3% |
| LTM Latam Airlines Group SA-ADR | 0.09% | 618,469 | $17.1M | Add +105.9% |
| WGS Genedx Holdings Corp. | 0.08% | 195,000 | $15.0M | New |
| VYGR Voyager Therapeutics Inc. | 0.08% | 2,570,700 | $14.6M | Add +12.2% |
| TYRA Tyra Biosciences Inc. | 0.07% | 1,000,981 | $13.9M | New |
| TNGX Tango Therapeutics Inc. | 0.07% | 4,000,000 | $12.4M | New |
| ENTA Enanta Pharmaceuticals Inc. | 0.06% | 2,108,262 | $12.1M | No change |
| ARWR Arrowhead Pharmaceuticals Inc. | 0.06% | 628,800 | $11.8M | New |
| NUVL Nuvalent Inc. Class A | 0.06% | 150,000 | $11.7M | No change |
| GEHC GE Healthcare Technology | 0.05% | 124,000 | $9.7M | New |
| MARA Mara Holdings Inc. | 0.05% | 555,000 | $9.3M | New |
| BBOT Bridgebio Oncology Therapeut filed as HELIX ACQUISITION CORP II | 0.03% | 600,000 | $6.3M | No change |
| BDSX Biodesix Inc. | 0.03% | 3,811,426 | $5.8M | Reduce -17.8% |
| DYN Dyne Therapeutics Inc. | 0.03% | 229,121 | $5.4M | Reduce -46.5% |
| SLNO Soleno Therapeutics Inc. | 0.02% | 90,000 | $4.0M | New |
| MAC COPPER LTD | 0.02% | 330,901 | $3.5M | Reduce -19.3% |
| VNET Vnet Group Inc.-ADR | 0.02% | 650,000 | $3.1M | No change |
| ALVO Alvotech SA | 0.01% | 199,675 | $2.6M | No change |
| JANX Janux Therapeutics Inc. | 0.01% | 48,000 | $2.6M | New |
| SMC Summit Midstream Corp. | 0.01% | 58,214 | $2.2M | No change |
| PRME Prime Medicine Inc. | 0.01% | 750,000 | $2.2M | No change |
| ELEV Elevation Oncology Inc. | 0.01% | 3,527,482 | $2.0M | No change |
| GATE Marblegate Acquisition Cor-A | 0.01% | 150,000 | $1.6M | No change |
| MDGL Madrigal Pharmaceuticals Inc. | 0.01% | 3,319 | $1.0M | No change |
| FBRX Forte Biosciences Inc. | 0.00% | 35,000 | $795K | Reduce -51.7% |
| TVARDI THERAPEUTICS INC COM filed as CARA THERAPEUTICS INC | 0.00% | 129,685 | $794K | No change |
| ROIV Roivant Sciences Ltd. | 0.00% | 37,000 | $438K | No change |
| GKOS Glaukos Corp. | 0.00% | 2,600 | $390K | No change |
| BTSG Brightspring Health Services | 0.00% | 22,000 | $375K | No change |
| ARQT Arcutis Biotherapeutics Inc. | 0.00% | 26,000 | $362K | No change |
| TWST Twist Bioscience Corp. | 0.00% | 7,650 | $355K | Reduce -97.8% |
| UTHR United Therapeutics Corp. | 0.00% | 1,000 | $353K | No change |
| BPMC Blueprint Medicines Corp. | 0.00% | 4,000 | $349K | No change |
| AXSM Axsome Therapeutics Inc. | 0.00% | 4,000 | $338K | No change |
| KRYS Krystal Biotech Inc. | 0.00% | 2,000 | $313K | No change |
| PGNY Progyny Inc. | 0.00% | 18,000 | $311K | Reduce -98.1% |
| ACLX Arcellx Inc. | 0.00% | 4,000 | $307K | No change |
| SRRK Scholar Rock Holding Corp. | 0.00% | 7,000 | $303K | New |
| HCA HCA Healthcare Inc. | 0.00% | 1,000 | $300K | No change |
| GMED Globus Medical Inc. Class A | 0.00% | 3,600 | $298K | No change |
| IMVT Immunovant Inc. | 0.00% | 12,000 | $297K | No change |
| BRKR Bruker Corp. | 0.00% | 5,000 | $293K | Reduce -84.4% |
| MMSI Merit Medical Systems Inc. | 0.00% | 3,000 | $290K | No change |
| HQY Healthequity Inc. | 0.00% | 2,800 | $269K | No change |
| PACB Pacific Biosciences of Calif | 0.00% | 135,000 | $247K | No change |
| SBRA Sabra Health Care REIT Inc. | 0.00% | 14,000 | $242K | No change |
| SAGE Sage Therapeutics Inc. | 0.00% | 42,800 | $232K | No change |
| COR Cencora Inc. | 0.00% | 1,000 | $225K | Reduce -99.6% |
| EW Edwards Lifesciences Corp. | 0.00% | 3,000 | $222K | New |
| ICUI Icu Medical Inc. | 0.00% | 1,400 | $217K | No change |
| CHE Chemed Corp. | 0.00% | 400 | $212K | No change |
| ICLR Icon PLC | 0.00% | 1,000 | $210K | Reduce -99.5% |
| GRFS Grifols SA-ADR | 0.00% | 28,000 | $208K | No change |
| INSM Insmed Inc. | 0.00% | 3,000 | $207K | No change |
| ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD | 0.00% | 1,100 | $203K | No change |
| ALT Altimmune Inc. | 0.00% | 27,600 | $199K | No change |
| ELAN Elanco Animal Health Inc. | 0.00% | 16,000 | $194K | No change |
| IOVA Iovance Biotherapeutics Inc. | 0.00% | 26,000 | $192K | No change |
| EVH Evolent Health Inc. Class A | 0.00% | 14,000 | $158K | Reduce -97.8% |
| GERN Geron Corp. | 0.00% | 43,000 | $152K | No change |
| FOLD Amicus Therapeutics Inc. | 0.00% | 16,000 | $151K | No change |
| OSCR Oscar Health Inc. Class A | 0.00% | 11,000 | $148K | No change |
| COGT Cogent Biosciences Inc. | 0.00% | 17,000 | $133K | No change |
| SNDX Syndax Pharmaceuticals Inc. | 0.00% | 10,000 | $132K | No change |
| NVAX Novavax Inc. | 0.00% | 16,000 | $129K | No change |
| ARDX Ardelyx Inc. | 0.00% | 23,000 | $117K | No change |
| CCCC C4 Therapeutics Inc. | 0.00% | 28,000 | $101K | No change |
| CGC Canopy Growth Corp. | 0.00% | 30,000 | $82K | No change |
| BEYOND MEAT INC (BYND 0 03/15/27) | 0.00% | 19,000 | $71K | New |
| IRWD Ironwood Pharmaceuticals Inc. | 0.00% | 13,000 | $58K | No change |
| ANNA Aleanna Inc. | 0.00% | 78,400 | $49K | New |
Options reported separately and not counted above: SPY puts ($2.4B), RSP puts ($771.0M), IBB puts ($476.0M), MRNA puts ($109.0M), ASHR calls ($27.0M).
Other holdings (8): bonds, preferreds, convertibles and warrants · $58.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 54,930,000 | $54.6M | Reduce -26.8% |
| GRND.WS Grindr Inc. -26 | *W EXP 11/18/202 | 540,000 | $3.6M | No change |
| SLDPW Decarbonization Plus -CW23 | *W EXP 12/08/202 | 405,316 | $182K | No change |
| ANNAW Aleanna Inc. Class A - 29 | *W EXP 12/13/202 | 990,000 | $139K | New |
| GATEW Marblegate Acquisition -CW22 | *W EXP 08/31/202 | 1,485,000 | $48K | No change |
| CRTWF Cartica Acquisition A -28 | *W EXP 04/30/202 | 175,000 | $47K | No change |
| NVNWF Nvni Group Ltd.-28 | *W EXP 11/01/202 | 375,000 | $25K | No change |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 120,085 | $19K | No change |
Total filed on the 13F, all lines: $19.0B.
Portfolio Sells Q3 2024 → Q4 2024
| CTLT Catalent Inc. | Sold out | 0.00% | −2.82 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −1.46 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −1.36 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −1.18 |
| SRCL Stericycle Inc. | Sold out | 0.00% | −1.06 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −1.02 |
| CRM Salesforce Inc. | Reduce -40.8% | 2.14% | −0.96 |
| IQV Iqvia Holdings Inc. | Reduce -1.5% | 3.24% | −0.92 |
| HWM Howmet Aerospace Inc. | Sold out | 0.00% | −0.84 |
| WAB Wabtec Corp. | Reduce -35.3% | 1.43% | −0.80 |
| SQSP Squarespace Inc. Class A | Sold out | 0.00% | −0.74 |
| NYT New York Times Co. Class A | Reduce -15.7% | 2.03% | −0.67 |
| THC Tenet Healthcare Corp. | Sold out | 0.00% | −0.64 |
| MASI Masimo Corp. | Reduce -68.5% | 0.35% | −0.58 |
| LBPH Longboard Pharmaceuticals Inc. | Sold out | 0.00% | −0.58 |
| ADI Analog Devices Inc. | Reduce -21.4% | 1.30% | −0.58 |
| TRU Transunion | Reduce -2.7% | 2.61% | −0.57 |
| MA Mastercard Inc. Class A | Reduce -41.6% | 0.82% | −0.56 |
| CBRE CBRE Group Inc. Class A | Reduce -26.6% | 1.51% | −0.54 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −0.52 |
| DIS The Walt Disney Co. | Reduce -24.0% | 2.61% | −0.50 |
| AMED Amedisys Inc. | Reduce -46.7% | 0.38% | −0.42 |
| ICLR Icon PLC | Reduce -99.5% | 0.00% | −0.35 |
| COR Cencora Inc. | Reduce -99.6% | 0.00% | −0.29 |
| EDU New Oriental Educatio-SP ADR | Reduce -6.9% | 0.80% | −0.26 |
| CNC Centene Corp. | Sold out | 0.00% | −0.26 |
| ARMK Aramark | Reduce -1.9% | 2.25% | −0.25 |
| V Visa Inc. Class A | Reduce -26.9% | 0.92% | −0.23 |
| AXONICS INC | Sold out | 0.00% | −0.20 |
| BSX Boston Scientific Corp. | Reduce -7.4% | 2.37% | −0.15 |
| GOOG Alphabet Inc. Class C | Reduce -13.7% | 2.09% | −0.14 |
| EVH Evolent Health Inc. Class A | Reduce -97.8% | 0.00% | −0.10 |
| TAL Tal Education Group- ADR | Sold out | 0.00% | −0.09 |
| PGNY Progyny Inc. | Reduce -98.1% | 0.00% | −0.08 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.08 |
| YMM Full Truck Alliance -SPN ADR | Reduce -19.8% | 0.95% | −0.08 |
| TWST Twist Bioscience Corp. | Reduce -97.8% | 0.00% | −0.08 |
| DYN Dyne Therapeutics Inc. | Reduce -46.5% | 0.03% | −0.06 |
| SIMO Silicon Motion Technol-ADR | Reduce -19.3% | 0.12% | −0.05 |
| TMDX Transmedics Group Inc. | Sold out | 0.00% | −0.04 |
| VTYX Ventyx Biosciences Inc. | Sold out | 0.00% | −0.04 |
| ANAB Anaptysbio Inc. | Sold out | 0.00% | −0.03 |
| CYTK Cytokinetics Inc. | Sold out | 0.00% | −0.03 |
| AMLX Amylyx Pharmaceuticals Inc. | Sold out | 0.00% | −0.02 |
| IVCP Swiftmerge Acquisition Cor-A | Sold out | 0.00% | −0.02 |
| PCVX Vaxcyte Inc. | Sold out | 0.00% | −0.02 |
| BDSX Biodesix Inc. | Reduce -17.8% | 0.03% | −0.01 |
| MAC COPPER LTD | Reduce -19.3% | 0.02% | −0.01 |
| MGX Metagenomi Therapeutics Inc. | Sold out | 0.00% | −0.01 |
| BRKR Bruker Corp. | Reduce -84.4% | 0.00% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| DFS Discover Financial Services | Add +487.6% | 3.90% | +3.34 |
| ADSK Autodesk Inc. | New | 2.88% | +2.88 |
| MCK McKesson Corp. | New | 1.84% | +1.84 |
| IBIT iShares Bitcoin Trust ETF | Add +404.1% | 2.04% | +1.75 |
| SCHW Schwab (charles) Corp. | New | 1.24% | +1.24 |
| LBRDK Liberty Broadband-C | Add +460.6% | 1.46% | +1.18 |
| HIMS Hims & Hers Health Inc. | Add +64338.5% | 1.07% | +1.07 |
| TMO Thermo Fisher Scientific Inc. | Add +73.8% | 3.39% | +0.96 |
| BMY Bristol-Myers Squibb Co. | New | 0.95% | +0.95 |
| CRNX Crinetics Pharmaceuticals Inc. | Add +250.7% | 1.10% | +0.77 |
| LNTH Lantheus Holdings Inc. | Add +79.9% | 2.51% | +0.72 |
| JNPR Juniper Networks Inc. | Add +228.8% | 0.84% | +0.56 |
| K Kellanova | New | 0.45% | +0.45 |
| BBIO Bridgebio Pharma Inc. | Add +140.1% | 0.61% | +0.36 |
| UNH Unitedhealth Group Inc. | Add +33.2% | 3.91% | +0.35 |
| INTU Intuit Inc. | Add +19.5% | 2.50% | +0.33 |
| HCP Hashicorp Inc. Class A | Add +45.2% | 1.17% | +0.33 |
| WAY Waystar Holding Corp. | New | 0.26% | +0.26 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.25% | +0.25 |
| WWD Woodward Inc. | Add +31.8% | 1.34% | +0.24 |
| CHX Championx Corp. | Add +96.2% | 0.55% | +0.22 |
| EHC Encompass Health Corp. | Add +15266.7% | 0.23% | +0.22 |
| RVMD Revolution Medicines Inc. | Add +17.1% | 3.06% | +0.22 |
| X United States Steel Corp. | Add +57.0% | 0.68% | +0.21 |
| AON Aon PLC Class A | Add +7.4% | 3.48% | +0.21 |
| CAPR Capricor Therapeutics Inc. | New | 0.16% | +0.16 |
| ALTR Altair Engineering Inc. Class A | New | 0.16% | +0.16 |
| MSFT Microsoft Corp. | Add +11.3% | 3.64% | +0.14 |
| ANSS Ansys Inc. | Add +6.8% | 1.69% | +0.12 |
| GXO Gxo Logistics Inc. | New | 0.12% | +0.12 |
| NDAQ Nasdaq Inc. | Add +6.3% | 1.63% | +0.11 |
| TECX Tectonic Therapeutic Inc. | Add +37.0% | 0.17% | +0.09 |
| WGS Genedx Holdings Corp. | New | 0.08% | +0.08 |
| TYRA Tyra Biosciences Inc. | New | 0.07% | +0.07 |
| TNGX Tango Therapeutics Inc. | New | 0.07% | +0.07 |
| ARWR Arrowhead Pharmaceuticals Inc. | New | 0.06% | +0.06 |
| CNTA Centessa Pharmaceuticals Ltd. | Add +24.3% | 0.31% | +0.06 |
| SRPT Sarepta Therapeutics Inc. | Add +11.1% | 1.84% | +0.06 |
| FLUT Flutter Entertainment PLC-Di | Add +69.5% | 0.12% | +0.05 |
| GEHC GE Healthcare Technology | New | 0.05% | +0.05 |
| EDR Endeavor Group Hold Class A | Add +14.3% | 0.30% | +0.05 |
| MARA Mara Holdings Inc. | New | 0.05% | +0.05 |
| LTM Latam Airlines Group SA-ADR | Add +105.9% | 0.09% | +0.05 |
| HR Healthcare Realty Trust Inc. | Add +25.4% | 0.29% | +0.03 |
| SLNO Soleno Therapeutics Inc. | New | 0.02% | +0.02 |
| ABNB Airbnb Inc. Class A | Add +2.5% | 1.69% | +0.02 |
| MTTR Matterport Inc. | Add +16.4% | 0.13% | +0.02 |
| JANX Janux Therapeutics Inc. | New | 0.01% | +0.01 |
| SVRA Savara Inc. | Add +49.9% | 0.11% | +0.00 |
| VYGR Voyager Therapeutics Inc. | Add +12.2% | 0.08% | +0.00 |
Options Activity Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -21.9% | 4,150,000 | $2.4B |
| IBB iShares Biotechnology ETF | put | Add +80.0% | 3,600,000 | $476.0M |
| IWM iShares Russell 2000 ETF | put | Sold out | 1,000,000 | $220.9Mbefore exit |
| MRNA Moderna Inc. | put | Reduce -25.1% | 2,620,800 | $109.0M |
| ASHR Xtrackers Harvest Csi 300 CH | call | New | 1,020,000 | $27.0M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| SUNRUN INC (RUN 0 02/01/26) | NOTE 2/0 · principal | Sold out | 103,223,000 | $93.6Mbefore exit |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Reduce -26.8% | 54,930,000 | $54.6M |
| ANNAW Aleanna Inc. Class A - 29 | *W EXP 12/13/202 | New | 990,000 | $139K |
| SEDA.WS SDCL Edge Acq Class A -CW28 | *W EXP 99/99/999 | Sold out | 866,250 | $87Kbefore exit |
| IVCPW Swiftmerge Acquisition -CW23 | *W EXP 12/13/202 | Sold out | 990,000 | $72Kbefore exit |
| PERCEPTION CAPITAL CORP IV | *W EXP 99/99/999 | Sold out | 300,000 | $15Kbefore exit |
| GHIXW Gores Holding Ix -CW24 | *W EXP 01/14/202 | Sold out | 166,664 | $15Kbefore exit |
| JWSWF Jaws Mustang Acq C -CW26 | *W EXP 01/30/202 | Sold out | 200,000 | $7Kbefore exit |
| BCSAW Blockchain Coinvestors Acqui | *W EXP 11/01/202 | Sold out | 150,000 | $3Kbefore exit |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | Sold out | 22,675 | $2Kbefore 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 |