Farallon Capital Management, L.L.C.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Farallon Capital Management, L.L.C. reported 163 stock positions worth $16.8 billion. Its top holding was Electronic Arts (EA) at 9.1% of the portfolio, followed by Revolution Medicines (RVMD, 7.9%) and Amazon.com (AMZN, 5.2%). Compared with Q4 2025, it opened 46 new positions, sold out of 26, added to 30 and reduced 29. The biggest buy was Electronic Arts (EA, shares +48%) and the biggest sale an exit from Exact Sciences (EXAS).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0000909661
- Portfolio Value
- $16.8B (Q1 2026)
- SEC Filing
- 0000908834-26-000240 ↗ filed May 15, 2026
Holdings Value
Holdings 163 stocks · $16.8B
| EA Electronic Arts Inc. | 9.07% | 7,470,000 | $1.5B | Add +48.4% |
| RVMD Revolution Medicines Inc. | 7.88% | 13,604,796 | $1.3B | Reduce -6.7% |
| AMZN Amazon.com Inc. | 5.23% | 4,218,394 | $878.6M | Reduce -6.3% |
| MSFT Microsoft Corp. | 5.17% | 2,344,779 | $868.0M | Add +5.9% |
| AON Aon PLC Class A | 4.83% | 2,512,638 | $811.0M | Reduce -5.7% |
| BBIO Bridgebio Pharma Inc. | 4.14% | 9,365,463 | $695.5M | Add +4.1% |
| PTGX Protagonist Therapeutics Inc. | 3.99% | 6,348,906 | $669.2M | Add +3.3% |
| NTRA Natera Inc. | 3.82% | 3,207,366 | $641.4M | Reduce -18.1% |
| EXEL Exelixis Inc. | 3.35% | 13,111,010 | $562.3M | Reduce -16.5% |
| AVGO Broadcom Inc. | 3.28% | 1,779,500 | $550.8M | Add +99.4% |
| UNH Unitedhealth Group Inc. | 2.94% | 1,821,706 | $492.9M | Add +13.9% |
| SNPS Synopsys Inc. | 2.87% | 1,213,300 | $481.0M | Add +21.4% |
| BSX Boston Scientific Corp. | 2.79% | 7,470,684 | $468.8M | Add +0.4% |
| TMO Thermo Fisher Scientific Inc. | 2.58% | 881,485 | $433.3M | Add +38.7% |
| KKR KKR & Co. Inc. | 2.57% | 4,671,800 | $432.1M | Add +131.5% |
| LNTH Lantheus Holdings Inc. | 2.52% | 5,583,479 | $423.5M | Add +2.9% |
| WAB Wabtec Corp. | 2.40% | 1,609,403 | $402.2M | Reduce -35.0% |
| SCHW Schwab (charles) Corp. | 2.21% | 3,955,657 | $371.8M | Add +18.4% |
| LQDA Liquidia Corp. | 1.95% | 8,656,038 | $326.7M | No change |
| CRNX Crinetics Pharmaceuticals Inc. | 1.80% | 8,338,098 | $302.8M | Add +20.3% |
| GOOG Alphabet Inc. Class C | 1.70% | 996,231 | $285.8M | Add +26.6% |
| ROIV Roivant Sciences Ltd. | 1.60% | 9,675,000 | $268.0M | Add +26048.7% |
| V Visa Inc. Class A | 1.51% | 840,710 | $254.1M | Add +20.8% |
| ARMK Aramark | 1.48% | 6,135,431 | $248.7M | Reduce -34.4% |
| BEAM Beam Therapeutics Inc. | 1.44% | 10,134,696 | $241.5M | Add +0.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.38% | 2,401,591 | $231.5M | Reduce -41.8% |
| MA Mastercard Inc. Class A | 1.29% | 435,071 | $217.4M | Add +152.0% |
| MCK McKesson Corp. | 1.21% | 234,300 | $202.8M | Reduce -21.6% |
| AGIO Agios Pharmaceuticals Inc. | 1.15% | 5,684,000 | $192.3M | Add +10.2% |
| CNTA Centessa Pharmaceuticals Ltd. | 1.14% | 4,809,000 | $191.0M | Reduce -10.6% |
| TNGX Tango Therapeutics Inc. | 1.13% | 9,097,411 | $190.3M | Reduce -30.4% |
| GRAL Grail Inc. | 1.00% | 3,253,684 | $168.2M | Add +38.9% |
| TYRA Tyra Biosciences Inc. | 0.82% | 3,580,818 | $137.1M | Add +73.3% |
| THC Tenet Healthcare Corp. | 0.51% | 452,153 | $85.3M | Add +21.5% |
| CAH Cardinal Health Inc. | 0.46% | 368,000 | $77.8M | Reduce -36.1% |
| PCVX Vaxcyte Inc. | 0.44% | 1,261,000 | $73.3M | Add +25120.0% |
| DNTH Dianthus Therapeutics Inc. | 0.42% | 836,000 | $70.2M | New |
| BTSG Brightspring Health Services | 0.41% | 1,617,000 | $68.9M | Add +7250.0% |
| TWST Twist Bioscience Corp. | 0.40% | 1,427,650 | $67.8M | Add +18562.1% |
| BIDU Baidu Inc. - Spon ADR | 0.29% | 443,785 | $49.4M | Add +40.8% |
| CGON CG Oncology Inc. | 0.27% | 674,000 | $45.6M | Add +8325.0% |
| AZN Astrazeneca PLC | 0.27% | 226,499 | $44.7M | New |
| MRK Merck & Co. Inc. | 0.26% | 361,000 | $43.4M | New |
| ACHC Acadia Healthcare Co. Inc. | 0.24% | 1,736,800 | $40.6M | New |
| WELL Welltower Inc. | 0.24% | 200,000 | $39.5M | Reduce -41.7% |
| IMVT Immunovant Inc. | 0.23% | 1,546,000 | $38.4M | Add +12783.3% |
| ENTA Enanta Pharmaceuticals Inc. | 0.22% | 2,871,862 | $36.3M | Add +3.6% |
| JNJ Johnson & Johnson | 0.22% | 148,000 | $36.2M | New |
| BBNX Beta Bionics Inc. | 0.22% | 3,607,920 | $36.2M | Reduce -16.4% |
| ASMB Assembly Biosciences Inc. | 0.20% | 1,227,590 | $34.1M | No change |
| JOYY Joyy Inc.-ADR | 0.20% | 578,200 | $33.8M | No change |
| NTES Netease Inc.-ADR | 0.19% | 291,219 | $32.6M | New |
| NVO Novo-Nordisk A/S-Spons ADR | 0.17% | 782,000 | $28.7M | New |
| BITW Bitwise 10 Crypto Index ETF | 0.16% | 603,000 | $26.9M | Reduce -82.2% |
| FRNM Freenome Inc. filed as PERCEPTIVE CAP SOLUTIONS COR | 0.15% | 2,250,000 | $24.7M | No change |
| RPRX Royalty Pharma PLC Class A | 0.14% | 493,000 | $23.6M | New |
| NERV Minerva Neurosciences Inc. | 0.08% | 2,365,000 | $14.2M | No change |
| CECO Ceco Environmental Corp. | 0.08% | 234,000 | $13.9M | New |
| AVTX Avalo Therapeutics Inc. | 0.08% | 916,000 | $13.7M | New |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.07% | 292,000 | $11.8M | New |
| MAZE Maze Therapeutics Inc. | 0.07% | 373,000 | $11.1M | New |
| TEVA Teva Pharmaceutical-SP ADR | 0.06% | 354,000 | $10.7M | Add +785.0% |
| FORM Formfactor Inc. | 0.03% | 56,500 | $5.5M | New |
| MTZ Mastec Inc. | 0.03% | 17,000 | $5.5M | New |
| ENTG Entegris Inc. | 0.03% | 45,500 | $5.3M | New |
| C Citigroup Inc. | 0.03% | 47,000 | $5.3M | New |
| VNET Vnet Group Inc.-ADR | 0.03% | 623,347 | $5.2M | Reduce -90.1% |
| H Hyatt Hotels Corp. Class A | 0.03% | 36,000 | $5.2M | New |
| WAL Western Alliance Bancorp | 0.03% | 73,000 | $5.2M | New |
| TKR Timken Co. | 0.03% | 51,000 | $5.1M | New |
| FLEX Flex Ltd. filed as FLEXTRONICS INTL LTD | 0.03% | 78,000 | $5.1M | New |
| SPGI S&P Global Inc. | 0.03% | 12,000 | $5.1M | New |
| LFUS Littelfuse Inc. | 0.03% | 15,000 | $5.1M | New |
| PIPR Piper Sandler Cos | 0.03% | 66,000 | $5.1M | New |
| AIR Aar Corp. | 0.03% | 46,000 | $5.0M | New |
| RIO Rio Tinto PLC-Spon ADR | 0.03% | 53,800 | $5.0M | New |
| GTX Garrett Motion Inc. | 0.03% | 275,000 | $5.0M | New |
| ROL Rollins Inc. | 0.03% | 93,000 | $5.0M | New |
| AFRM Affirm Holdings Inc. | 0.03% | 108,000 | $4.9M | New |
| INTR Inter & Co. Inc. Class A | 0.03% | 614,500 | $4.9M | New |
| CMI Cummins Inc. | 0.03% | 9,000 | $4.8M | New |
| FISV Fiserv Inc. | 0.03% | 86,000 | $4.8M | New |
| VRT Vertiv Holdings Co. Class A | 0.03% | 19,000 | $4.8M | New |
| AMKR Amkor Technology Inc. | 0.03% | 104,000 | $4.7M | Reduce -77.6% |
| RNA Atrium Therapeutics Inc. | 0.03% | 349,360 | $4.7M | New |
| GFS Globalfoundries Inc. | 0.03% | 105,000 | $4.7M | New |
| MOH Molina Healthcare Inc. | 0.03% | 35,000 | $4.7M | New |
| IRD Opus Genetics Inc. | 0.03% | 1,000,000 | $4.5M | New |
| TENB Tenable Holdings Inc. | 0.03% | 265,000 | $4.5M | New |
| PRME Prime Medicine Inc. | 0.03% | 1,240,843 | $4.3M | No change |
| NOW ServiceNow Inc. | 0.03% | 41,000 | $4.3M | New |
| SMC Summit Midstream Corp. | 0.01% | 58,214 | $1.8M | No change |
| MDGL Madrigal Pharmaceuticals Inc. | 0.01% | 3,319 | $1.7M | No change |
| CAPR Capricor Therapeutics Inc. | 0.01% | 41,000 | $1.2M | No change |
| ARWR Arrowhead Pharmaceuticals Inc. | 0.01% | 15,800 | $991K | No change |
| GH Guardant Health Inc. | 0.00% | 8,000 | $739K | Reduce -92.7% |
| ALKS Alkermes PLC | 0.00% | 20,800 | $735K | No change |
| ALVO Alvotech SA | 0.00% | 199,675 | $685K | No change |
| AXSM Axsome Therapeutics Inc. | 0.00% | 4,000 | $676K | No change |
| COGT Cogent Biosciences Inc. | 0.00% | 17,000 | $654K | No change |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($1.5B), INVESCO EXCHANGE TRADED FD T puts ($690.9M), CG ONCOLOGY INC calls ($13.5M).
Other holdings (7): bonds, preferreds, convertibles and warrants · $78.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| VNET GROUP INC | NOTE 2.000%10/0 · principal | 45,000,000 | $44.5M | New |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 39,500,000 | $32.9M | New |
| ANNAW Aleanna Inc. Class A - 29 | *W EXP 12/13/202 | 990,000 | $802K | No change |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 120,085 | $209K | No change |
| SLDPW Decarbonization Plus -CW23 | *W EXP 12/08/202 | 405,316 | $88K | No change |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 300,000 | $60K | No change |
| NVNWF Nvni Group Ltd.-28 | *W EXP 11/01/202 | 375,000 | $18K | No change |
Total filed on the 13F, all lines: $16.9B.
Portfolio Sells Q4 2025 → Q1 2026
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −3.38 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −2.44 |
| CRM Salesforce Inc. | Sold out | 0.00% | −1.74 |
| NDAQ Nasdaq Inc. | Sold out | 0.00% | −1.51 |
| RNAM Avidity Biosciences Inc. | Sold out | 0.00% | −1.21 |
| NYT New York Times Co. Class A | Sold out | 0.00% | −1.18 |
| DIS The Walt Disney Co. | Reduce -41.8% | 1.38% | −1.06 |
| DAY Dayforce Inc. | Sold out | 0.00% | −1.05 |
| BITW Bitwise 10 Crypto Index ETF | Reduce -82.2% | 0.16% | −0.87 |
| NTRA Natera Inc. | Reduce -18.1% | 3.82% | −0.84 |
| CBRE CBRE Group Inc. Class A | Sold out | 0.00% | −0.82 |
| HIMS Hims & Hers Health Inc. | Reduce -99.7% | 0.00% | −0.57 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.55 |
| BBNX Beta Bionics Inc. | Reduce -16.4% | 0.22% | −0.47 |
| CDTX Cidara Therapeutics Inc. | Sold out | 0.00% | −0.44 |
| WAB Wabtec Corp. | Reduce -35.0% | 2.40% | −0.35 |
| ARMK Aramark | Reduce -34.4% | 1.48% | −0.31 |
| TRU Transunion | Sold out | 0.00% | −0.30 |
| ABVX Abivax SA-ADR | Reduce -99.5% | 0.00% | −0.27 |
| VNET Vnet Group Inc.-ADR | Reduce -90.1% | 0.03% | −0.25 |
| EXEL Exelixis Inc. | Reduce -16.5% | 3.35% | −0.23 |
| ETHA iShares Ethereum Trust ETF | Sold out | 0.00% | −0.17 |
| AMZN Amazon.com Inc. | Reduce -6.3% | 5.23% | −0.17 |
| GPCR Structure Therapeutics Inc. | Sold out | 0.00% | −0.16 |
| MLYS Mineralys Therapeutics Inc. | Sold out | 0.00% | −0.16 |
| SUNC Sunococorp LLC | Sold out | 0.00% | −0.16 |
| CAH Cardinal Health Inc. | Reduce -36.1% | 0.46% | −0.15 |
| TERN Terns Pharmaceuticals Inc. | Reduce -98.9% | 0.00% | −0.13 |
| EHC Encompass Health Corp. | Reduce -98.7% | 0.00% | −0.13 |
| WELL Welltower Inc. | Reduce -41.7% | 0.24% | −0.10 |
| VSTM Verastem Inc. | Sold out | 0.00% | −0.08 |
| DOCS Doximity Inc. Class A | Sold out | 0.00% | −0.07 |
| AMKR Amkor Technology Inc. | Reduce -77.6% | 0.03% | −0.07 |
| MCK McKesson Corp. | Reduce -21.6% | 1.21% | −0.07 |
| AON Aon PLC Class A | Reduce -5.7% | 4.83% | −0.06 |
| MDLN Medline Inc. Class A | Sold out | 0.00% | −0.06 |
| EDU New Oriental Educatio-SP ADR | Sold out | 0.00% | −0.06 |
| GH Guardant Health Inc. | Reduce -92.7% | 0.00% | −0.05 |
| WGS Genedx Holdings Corp. | Reduce -92.9% | 0.00% | −0.05 |
| ETH Grayscale Ethereum Staking M | Sold out | 0.00% | −0.03 |
| OSCR Oscar Health Inc. Class A | Reduce -95.8% | 0.00% | −0.02 |
| NVAX Novavax Inc. | Reduce -88.7% | 0.00% | −0.01 |
| SDGR Schrodinger Inc. | Reduce -76.1% | 0.00% | −0.01 |
| INSM Insmed Inc. | Sold out | 0.00% | −0.00 |
| ASND Ascendis Pharma A/S | Sold out | 0.00% | −0.00 |
| ACLX Arcellx Inc. | Sold out | 0.00% | −0.00 |
| SLNO Soleno Therapeutics Inc. | Sold out | 0.00% | −0.00 |
| ESTA Establishment Labs Holdings | Sold out | 0.00% | −0.00 |
| ICLR Icon PLC | Sold out | 0.00% | −0.00 |
| HQY Healthequity Inc. | Reduce -44.0% | 0.00% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| EA Electronic Arts Inc. | Add +48.4% | 9.07% | +3.72 |
| AVGO Broadcom Inc. | Add +99.4% | 3.28% | +1.68 |
| ROIV Roivant Sciences Ltd. | Add +26048.7% | 1.60% | +1.59 |
| KKR KKR & Co. Inc. | Add +131.5% | 2.57% | +1.24 |
| PTGX Protagonist Therapeutics Inc. | Add +3.3% | 3.99% | +1.20 |
| MA Mastercard Inc. Class A | Add +152.0% | 1.29% | +0.78 |
| TMO Thermo Fisher Scientific Inc. | Add +38.7% | 2.58% | +0.67 |
| LNTH Lantheus Holdings Inc. | Add +2.9% | 2.52% | +0.65 |
| BBIO Bridgebio Pharma Inc. | Add +4.1% | 4.14% | +0.57 |
| TYRA Tyra Biosciences Inc. | Add +73.3% | 0.82% | +0.53 |
| SCHW Schwab (charles) Corp. | Add +18.4% | 2.21% | +0.48 |
| PCVX Vaxcyte Inc. | Add +25120.0% | 0.44% | +0.44 |
| SNPS Synopsys Inc. | Add +21.4% | 2.87% | +0.43 |
| GOOG Alphabet Inc. Class C | Add +26.6% | 1.70% | +0.42 |
| DNTH Dianthus Therapeutics Inc. | New | 0.42% | +0.42 |
| AGIO Agios Pharmaceuticals Inc. | Add +10.2% | 1.15% | +0.42 |
| BTSG Brightspring Health Services | Add +7250.0% | 0.41% | +0.41 |
| TWST Twist Bioscience Corp. | Add +18562.1% | 0.40% | +0.40 |
| CGON CG Oncology Inc. | Add +8325.0% | 0.27% | +0.27 |
| AZN Astrazeneca PLC | New | 0.27% | +0.27 |
| MRK Merck & Co. Inc. | New | 0.26% | +0.26 |
| V Visa Inc. Class A | Add +20.8% | 1.51% | +0.24 |
| ACHC Acadia Healthcare Co. Inc. | New | 0.24% | +0.24 |
| IMVT Immunovant Inc. | Add +12783.3% | 0.23% | +0.23 |
| JNJ Johnson & Johnson | New | 0.22% | +0.22 |
| NTES Netease Inc.-ADR | New | 0.19% | +0.19 |
| UNH Unitedhealth Group Inc. | Add +13.9% | 2.94% | +0.19 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.17% | +0.17 |
| RPRX Royalty Pharma PLC Class A | New | 0.14% | +0.14 |
| CRNX Crinetics Pharmaceuticals Inc. | Add +20.3% | 1.80% | +0.13 |
| THC Tenet Healthcare Corp. | Add +21.5% | 0.51% | +0.12 |
| CECO Ceco Environmental Corp. | New | 0.08% | +0.08 |
| AVTX Avalo Therapeutics Inc. | New | 0.08% | +0.08 |
| BIDU Baidu Inc. - Spon ADR | Add +40.8% | 0.29% | +0.08 |
| GDS GDS Holdings Ltd. - ADR | New | 0.07% | +0.07 |
| MAZE Maze Therapeutics Inc. | New | 0.07% | +0.07 |
| TEVA Teva Pharmaceutical-SP ADR | Add +785.0% | 0.06% | +0.06 |
| FORM Formfactor Inc. | New | 0.03% | +0.03 |
| MTZ Mastec Inc. | New | 0.03% | +0.03 |
| C Citigroup Inc. | New | 0.03% | +0.03 |
| ENTG Entegris Inc. | New | 0.03% | +0.03 |
| H Hyatt Hotels Corp. Class A | New | 0.03% | +0.03 |
| WAL Western Alliance Bancorp | New | 0.03% | +0.03 |
| TKR Timken Co. | New | 0.03% | +0.03 |
| SPGI S&P Global Inc. | New | 0.03% | +0.03 |
| FLEX Flex Ltd. | New | 0.03% | +0.03 |
| LFUS Littelfuse Inc. | New | 0.03% | +0.03 |
| PIPR Piper Sandler Cos | New | 0.03% | +0.03 |
| AIR Aar Corp. | New | 0.03% | +0.03 |
| RIO Rio Tinto PLC-Spon ADR | New | 0.03% | +0.03 |
Options Activity Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 3,000,000 | $2.0Bbefore exit |
| STATE STR SPDR S&P 500 ETF T | put | New | 2,300,000 | $1.5B |
| INVESCO EXCHANGE TRADED FD T | put | New | 3,600,000 | $690.9M |
| RSP Invesco S&P 500 Equal Weight | put | Sold out | 3,600,000 | $689.6Mbefore exit |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Sold out | 8,000,000 | $645.0Mbefore exit |
| LLY Eli Lilly & Co. | put | Sold out | 375,000 | $403.0Mbefore exit |
| INSM Insmed Inc. | call | Sold out | 250,000 | $43.5Mbefore exit |
| ALNY Alnylam Pharmaceuticals Inc. | put | Sold out | 100,000 | $39.8Mbefore exit |
| CG ONCOLOGY INC | call | New | 200,000 | $13.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| VNET GROUP INC | NOTE 2.000%10/0 · principal | New | 45,000,000 | $44.5M |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | New | 39,500,000 | $32.9M |
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 |