FARALLON CAPITAL MANAGEMENT, L.L.C.

SAN FRANCISCO, CA · CIK 909661 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 1996 · limited liability company

Assets managed$52.1bn
Staff355 · 129 in investment roles
Main clients (by assets)Private funds 100%
Private funds50 (50 hedge) · $64.5bn gross assets
Websitefaralloncapital.com
Form ADV · 2026-09-23SEC adviser record

Legal entityFARALLON CAPITAL MANAGEMENT, L.L.C. (US)

$17.1bn reported value +1.3% vs Q1 2026

86positions

55.7%in top 10

0 new 29 added 23 reduced 104 sold out vs Q1 2026

This manager withheld holdings under SEC confidential treatment in Q1 2026, so positions that look new may have been held then. They're marked "Not comparable".

Options: 1 call positions ($28.4m notional), 2 put positions ($4.6bn notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	REVOLUTION MEDICINES INC COM RVMD	RVMD	13,550,796	$2.5bn14.86%	14.86%	Reduced -54.0k	-54,000 -0.4%
2	ELECTRONIC ARTS INC COM EA	EA	7,919,500	$1.6bn9.51%	9.51%	Added +449.5k	+449,500 6.0%
3	BRIDGEBIO PHARMA INC COM BBIO	BBIO	10,743,063	$800.1m4.68%	4.68%	Added +1.4m	+1,377,600 14.7%
4	PROTAGONIST THERAPEUTICS INC COM PTGX	PTGX	6,348,906	$778.2m4.56%	4.56%	Unchanged
5	EXELIXIS INC COM EXEL	EXEL	13,468,010	$732.8m4.29%	4.29%	Added +357.0k	+357,000 2.7%
6	LIQUIDIA CORPORATION COM NEW LQDA	LQDA	8,365,038	$666.9m3.90%	3.90%	Reduced -291.0k	-291,000 -3.4%
7	AMAZON COM INC COM AMZN	AMZN	2,632,994	$627.5m3.67%	3.67%	Reduced -1.6m	-1,585,400 -37.6%
8	LANTHEUS HLDGS INC COM LNTH	LNTH	5,583,479	$619.4m3.63%	3.63%	Unchanged
9	NATERA INC COM NTRA	NTRA	2,218,366	$602.2m3.52%	3.52%	Reduced -989.0k	-989,000 -30.8%
10	UNITEDHEALTH GROUP INC COM UNH	UNH	1,270,532	$528.1m3.09%	3.09%	Reduced -551.2k	-551,174 -30.3%
11	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	1,049,185	$526.0m3.08%	3.08%	Added +167.7k	+167,700 19.0%
12	ROIVANT SCIENCES LTD SHS ROIV	ROIV	14,309,000	$506.4m2.96%	2.96%	Added +4.6m	+4,634,000 47.9%
13	AON PLC SHS CL A AON	AON	1,382,562	$458.6m2.68%	2.68%	Reduced -1.1m	-1,130,076 -45.0%
14	BOSTON SCIENTIFIC CORP COM BSX	BSX	10,521,184	$449.0m2.63%	2.63%	Added +3.1m	+3,050,500 40.8%
15	BROADCOM INC COM AVGO	AVGO	1,151,800	$435.1m2.55%	2.55%	Reduced -627.7k	-627,700 -35.3%
16	MICROSOFT CORP COM MSFT	MSFT	1,112,863	$415.1m2.43%	2.43%	Reduced -1.2m	-1,231,916 -52.5%
17	TANGO THERAPEUTICS INC COM TNGX	TNGX	12,277,000	$383.8m2.25%	2.25%	Added +3.2m	+3,179,589 35.0%
18	KKR & CO INC COM KKR	KKR	4,118,300	$378.0m2.21%	2.21%	Reduced -553.5k	-553,500 -11.8%
19	SYNOPSYS INC COM SNPS	SNPS	829,600	$370.1m2.17%	2.17%	Reduced -383.7k	-383,700 -31.6%
20	BEAM THERAPEUTICS INC COM BEAM	BEAM	10,236,396	$351.3m2.06%	2.06%	Added +101.7k	+101,700 1.0%
21	CRINETICS PHARMACEUTICALS IN COM CRNX	CRNX	8,989,098	$336.4m1.97%	1.97%	Added +651.0k	+651,000 7.8%
22	GRAIL INC COM GRAL	GRAL	4,161,584	$284.1m1.66%	1.66%	Added +907.9k	+907,900 27.9%
23	WABTEC COM WAB	WAB	894,503	$241.2m1.41%	1.41%	Reduced -714.9k	-714,900 -44.4%
24	IMMUNOVANT INC COM IMVT	IMVT	5,805,000	$223.7m1.31%	1.31%	Added +4.3m	+4,259,000 275.5%
25	TWIST BIOSCIENCE CORP COM TWST	TWST	2,136,400	$219.8m1.29%	1.29%	Added +708.8k	+708,750 49.6%
26	AGIOS PHARMACEUTICALS INC COM AGIO	AGIO	5,917,400	$219.6m1.29%	1.29%	Added +233.4k	+233,400 4.1%
27	ARAMARK COM ARMK	ARMK	3,625,731	$206.3m1.21%	1.21%	Reduced -2.5m	-2,509,700 -40.9%
28	BAIDU INC SPON ADR REP A BIDU	BIDU	1,203,785	$137.6m0.81%	0.81%	Added +760.0k	+760,000 171.2%
29	NOVO-NORDISK A S ADR NVO	NVO	2,619,000	$125.6m0.73%	0.73%	Added +1.8m	+1,837,000 234.9%
30	ACADIA HEALTHCARE COMPANY IN COM ACHC	ACHC	4,220,800	$124.6m0.73%	0.73%	Added +2.5m	+2,484,000 143.0%
31	BRIGHTSPRING HEALTH SVCS INC COM BTSG	BTSG	1,732,800	$120.8m0.71%	0.71%	Added +115.8k	+115,800 7.2%
32	ASTRAZENECA PLC ORD AZN	AZN	574,000	$108.8m0.64%	0.64%	Added +347.5k	+347,501 153.4%
33	JOHNSON & JOHNSON COM JNJ	JNJ	408,000	$103.6m0.61%	0.61%	Added +260.0k	+260,000 175.7%
34	STRATEGY INC NOTE 12/0 · principal MSTR 0 12.01.29 · principal	MSTR 0 12.01.29	87,858,000	$75.4m0.44%	0.44%	Added +48.4m	+48,358,000 122.4%
35	PARABILIS MEDICINES INC COM PBLS	PBLS	2,368,200	$64.8m0.38%	0.38%	Not comparable
36	NOVARTIS AG SPONSORED ADR NVS	NVS	363,000	$56.9m0.33%	0.33%	Not comparable
37	GUARDANT HEALTH INC COM GH	GH	322,200	$48.3m0.28%	0.28%	Added +314.2k	+314,200 3927.5%
38	VNET GROUP INC NOTE 2.000%10/0 · principal VNET 2 10.01.27 · principal	VNET 2 10.01.27	45,000,000	$46.8m0.27%	0.27%	Unchanged
39	AVALO THERAPEUTICS INC COM NEW AVTX	AVTX	2,498,000	$46.2m0.27%	0.27%	Added +1.6m	+1,582,000 172.7%
40	JOYY INC ADS REPSTG COM A JOYY	JOYY	699,200	$46.1m0.27%	0.27%	Added +121.0k	+121,000 20.9%
41	ASSEMBLY BIOSCIENCES INC COM NEW ASMB	ASMB	1,604,590	$44.1m0.26%	0.26%	Added +377.0k	+377,000 30.7%
42	ENANTA PHARMACEUTICALS INC COM ENTA	ENTA	2,418,202	$35.3m0.21%	0.21%	Reduced -453.7k	-453,660 -15.8%
43	MAZE THERAPEUTICS INC COM MAZE	MAZE	1,107,814	$33.1m0.19%	0.19%	Added +734.8k	+734,814 197.0%
44	MERCK & CO INC COM MRK	MRK	199,000	$25.6m0.15%	0.15%	Reduced -162.0k	-162,000 -44.9%
45	WARBY PARKER INC CL A COM WRBY	WRBY	828,000	$25.1m0.15%	0.15%	Not comparable
46	PERCEPTIVE CAP SOLUTIONS COR CL A ORD SHS FRNM	FRNM	2,250,000	$24.5m0.14%	0.14%	Unchanged
47	KAILERA THERAPEUTICS INC COMMON STOCK KLRA	KLRA	1,100,000	$24.2m0.14%	0.14%	Not comparable
48	RIO TINTO PLC SPONSORED ADR RIO	RIO	183,475	$17.4m0.10%	0.10%	Added +129.7k	+129,675 241.0%
49	AXALTA COATING SYS LTD COM AXTA	AXTA	478,000	$16.4m0.10%	0.10%	Not comparable
50	ABIVAX SA SPONSORED ADS ABVX	ABVX	122,000	$16.3m0.10%	0.10%	Added +120.0k	+120,000 6000.0%
51	VNET GROUP INC SPONSORED ADS A VNET	VNET	1,992,000	$16.0m0.09%	0.09%	Added +1.4m	+1,368,653 219.6%
52	NETEASE INC SPONSORED ADS NTES	NTES	123,500	$15.8m0.09%	0.09%	Reduced -167.7k	-167,719 -57.6%
53	BIOGEN INC COM BIIB	BIIB	71,000	$15.3m0.09%	0.09%	Not comparable
54	TAYSHA GENE THERAPIES INC COM SHS TSHA	TSHA	2,250,000	$15.3m0.09%	0.09%	Not comparable
55	MOBIA MED INC COMMON STOCK MOBI	MOBI	1,128,557	$15.1m0.09%	0.09%	Not comparable
56	STRATEGY INC NOTE 2.250% 6/1 · principal MSTR 2.25 06.15.32 · principal	MSTR 2.25 06.15.32	15,000,000	$14.2m0.08%	0.08%	Not comparable
57	MINERVA NEUROSCIENCES INC COM NEW NERV	NERV	2,365,000	$13.1m0.08%	0.08%	Unchanged
58	ALAMAR BIOSCIENCES INC COMMON STOCK ALMR	ALMR	462,900	$12.5m0.07%	0.07%	Not comparable
59	ALVOTECH ORDINARY SHARES ALVO	ALVO	2,859,675	$10.6m0.06%	0.06%	Added +2.7m	+2,660,000 1332.2%
60	BETA BIONICS INC COM BBNX	BBNX	595,000	$9.3m0.05%	0.05%	Reduced -3.0m	-3,012,920 -83.5%
61	INFLARX NV COM IFRX	IFRX	3,325,000	$7.4m0.04%	0.04%	Not comparable
62	SCOTTS MIRACLE-GRO CO CL A SMG	SMG	88,000	$6.0m0.04%	0.04%	Not comparable
63	WAYSTAR HLDG CORP COM WAY	WAY	264,900	$5.4m0.03%	0.03%	Not comparable
64	BRUNSWICK CORP COM BC	BC	61,000	$5.1m0.03%	0.03%	Not comparable
65	GENTEX CORP COM GNTX	GNTX	199,000	$5.0m0.03%	0.03%	Not comparable
66	IDEXX LABS INC COM IDXX	IDXX	9,000	$4.7m0.03%	0.03%	Not comparable
67	PRIME MEDICINE INC COM PRME	PRME	1,240,843	$4.6m0.03%	0.03%	Unchanged
68	COMMERCIAL METALS CO COM CMC	CMC	67,000	$4.2m0.02%	0.02%	Not comparable
69	JATT II ACQUISITION CORP ORD SHS JATT	JATT	300,000	$3.4m0.02%	0.02%	Not comparable
70	SAGIMET BIOSCIENCES INC COM SER A SGMT	SGMT	415,000	$3.2m0.02%	0.02%	Not comparable
71	STRATEGY INC NOTE 3/0 · principal MSTR 0 03.01.30 · principal	MSTR 0 03.01.30	2,632,000	$2.3m0.01%	0.01%	Not comparable
72	SUMMIT MIDSTREAM CORPORATION COM SMC	SMC	58,214	$1.7m0.01%	0.01%	Unchanged
73	TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS SPONSORED ADS		40,000	$1.4m0.01%	0.01%	Reduced -314.0k	-314,000 -88.7%
74	REVOLUTION MEDICINES INC *W EXP 12/17/202 RVMDW	RVMDW	120,085	$1.1m0.01%	0.01%	Unchanged
75	COGENT BIOSCIENCES INC COM COGT	COGT	17,000	$657.9k0.00%	0.00%	Unchanged
76	ALEANNA INC *W EXP 12/13/202 ANNAW	ANNAW	990,000	$297.0k0.00%	0.00%	Unchanged
77	ALEANNA INC COM CL A ANNA	ANNA	78,400	$227.4k0.00%	0.00%	Unchanged
78	WELLTOWER INC COM WELL	WELL	1,000	$227.0k0.00%	0.00%	Reduced -199.0k	-199,000 -99.5%
79	SOLID POWER INC *W EXP 12/08/202 SLDPW	SLDPW	405,316	$41.4k0.00%	0.00%	Unchanged
80	BLUE GOLD LTD *W EXP 04/01/203 BGLWW	BGLWW	255,800	$30.7k0.00%	0.00%	Reduced -44.2k	-44,200 -14.7%
81	PACIFIC BIOSCIENCES CALIF IN COM PACB	PACB	14,200	$23.9k0.00%	0.00%	Reduced -120.8k	-120,800 -89.5%
82	GERON CORP COM GERN	GERN	14,400	$18.4k0.00%	0.00%	Reduced -28.6k	-28,600 -66.5%
83	NVNI GROUP LIMITED *W EXP 11/01/202 NVNWF	NVNWF	375,000	$17.6k0.00%	0.00%	Unchanged
84	CANOPY GROWTH CORP COM NEW CGC	CGC	18,000	$17.1k0.00%	0.00%	Reduced -12.0k	-12,000 -40.0%
85	RANI THERAPEUTICS HLDGS INC COM CL A RANI	RANI	20,700	$15.7k0.00%	0.00%	Reduced -57.3k	-57,300 -73.5%
86	BEYOND MEAT INC COM COM		19,000	$14.2k0.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SCHWAB CHARLES CORP SCHW	SCHW	3,955,657	$371.8m4.0m shares
ALPHABET INC GOOG	GOOG	996,231	$285.8m996.2k shares
VISA INC V	V	840,710	$254.1m840.7k shares
DISNEY WALT CO DIS	DIS	2,401,591	$231.5m2.4m shares
MASTERCARD INCORPORATED MA	MA	435,071	$217.4m435.1k shares
MCKESSON CORP MCK	MCK	234,300	$202.8m234.3k shares
CENTESSA PHARMACEUTICALS PLC		4,809,000	$191.0m4.8m shares
TYRA BIOSCIENCES INC TYRA	TYRA	3,580,818	$137.1m3.6m shares
TENET HEALTHCARE CORP THC	THC	452,153	$85.3m452.2k shares
CARDINAL HEALTH INC CAH	CAH	368,000	$77.8m368.0k shares
VAXCYTE INC PCVX	PCVX	1,261,000	$73.3m1.3m shares
DIANTHUS THERAPEUTICS INC DNTH	DNTH	836,000	$70.2m836.0k shares
CG ONCOLOGY INC CGON	CGON	674,000	$45.6m674.0k shares
BITWISE 10 CRYPTO INDEX ETF BITW	BITW	603,000	$26.9m603.0k shares
ROYALTY PHARMA PLC RPRX	RPRX	493,000	$23.6m493.0k shares
CECO ENVIRONMENTAL CORP CECO	CECO	234,000	$13.9m234.0k shares
GDS HLDGS LTD GDS	GDS	292,000	$11.8m292.0k shares
FORMFACTOR INC FORM	FORM	56,500	$5.5m56.5k shares
MASTEC INC MTZ	MTZ	17,000	$5.5m17.0k shares
ENTEGRIS INC ENTG	ENTG	45,500	$5.3m45.5k shares
CITIGROUP INC C	C	47,000	$5.3m47.0k shares
HYATT HOTELS CORP H	H	36,000	$5.2m36.0k shares
WESTERN ALLIANCE BANCORP WAL	WAL	73,000	$5.2m73.0k shares
TIMKEN CO TKR	TKR	51,000	$5.1m51.0k shares
FLEX LTD FLEX	FLEX	78,000	$5.1m78.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	6,000,000	$4.5bn6.0m shares	Added
ISHARES TR SOXX · Put	SOXX	Put	130,000	$83.3m130.0k shares	Not comparable
CG ONCOLOGY INC CGON · Call	CGON	Call	400,000	$28.4m400.0k shares	Added

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Schedule	Last filed
PROTAGONIST THERAPEUTICS INC PTGX · 13G · filed 2026-08-13	PTGX	10.0%≈ $788.6m	13G	2026-08-13
BEAM THERAPEUTICS INC BEAM · 13G · filed 2026-08-13	BEAM	10.0%≈ $352.9m	13G	2026-08-13
AGIOS PHARMACEUTICALS INC AGIO · 13G · filed 2026-08-03	AGIO	9.9%≈ $219.6m	13G	2026-08-03
TANGO THERAPEUTICS INC TNGX · 13G · filed 2026-08-14	TNGX	9.8%≈ $508.6m	13G	2026-08-14
MINERVA NEUROSCIENCES INC NERV · 13G · filed 2026-08-13	NERV	9.7%≈ $26.3m	13G	2026-08-13
GRAIL INC GRAL · 13G · filed 2026-08-13	GRAL	9.6%≈ $284.1m	13G	2026-08-13
LIQUIDIA CORPORATION LQDA · 13G · filed 2026-08-04	LQDA	9.4%≈ $666.9m	13G	2026-08-04
PERSPECTIVE THERAPEUTICS INC ISR · 13G · filed 2026-08-13	ISR	8.6%	13G	2026-08-13
CRINETICS PHARMACEUTICALS IN CRNX · 13G · filed 2026-08-03	CRNX	8.5%≈ $336.4m	13G	2026-08-03
ENANTA PHARMACEUTICALS INC ENTA · 13G · filed 2026-08-14	ENTA	8.3%≈ $35.3m	13G	2026-08-14
ASSEMBLY BIOSCIENCES INC ASMB · 13G · filed 2026-08-04	ASMB	8.1%≈ $44.1m	13G	2026-08-04
SAVARA INC SVRA · 13G · filed 2026-08-14	SVRA	6.8%≈ $92.4m	13G	2026-08-14
REVOLUTION MEDICINES INC RVMD · 13G · filed 2026-08-13	RVMD	6.4%≈ $2.5bn	13G	2026-08-13
EXELIXIS INC EXEL · 13D · filed 2026-08-14	EXEL	5.6%≈ $761.1m	13D	2026-08-14
BRIDGEBIO PHARMA INC BBIO · 13G · filed 2026-08-03	BBIO	5.5%≈ $800.1m	13G	2026-08-03