FARALLON CAPITAL MANAGEMENT LLC
Q4 2025 Form 13-F

SAN FRANCISCO, CALIFORNIA
CIK 0000909661 · CRD 107322 · SEC-registered investment adviser
$23.1B Reported Value Total

FARALLON CAPITAL MANAGEMENT, L.L.C. reports 70 total accounts under management (AUM). There are 70 discretionary accounts valued at $48,267,892,000, and 0 non-discretionary accounts.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary Manager
Firm Brochure (Part 2A)
Private funds (Form ADV)
71 funds · $65.4B gross asset value
Hedge Fund: $65.4B
Source: Form ADV filed 2026-09-23
Reported value
$23.1B
Quarter over quarter
+9.2%
Holdings
148
Top-10 concentration
44.5%

Filing Structure

Reports holdings for

  • Farallon Capital Europe LLP · File #028-11719 · Q1 2014 – Q4 2024
  • Farallon Capital Europe LLP (not a 13F filer in our records) · Q3 2021 – Q3 2021 · declared by one filing
  • Farallon Capital Europe (not a 13F filer in our records) · Q1 2021 – Q2 2021 · declared by one filing
  • FARALLON PARTNERS L L C/CA (not a 13F filer in our records) · File #028-06372 · Q2 2013 – Q4 2013

Key People

Form ADV owners & control persons
Andrew James Mclean Spokes
LIMITED PARTNER
Richard Pierre Bollini II
MANAGING MEMBER
Colby Trexler Clark
MANAGING MEMBER
Q3 2025
Q1 2026
Go to latest

Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

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Q4 2025 13F filing summary

Period of report December 31, 2025
Filed February 17, 2026
Form 13F-HR
Reported value $23.1B
Positions 148
Change in reported value -5.4%
New positions 30
Exited positions 21
Position turnover 30.2%
Top-10 concentration 44.5%

13F filings by quarter

Quarter Positions Value
Q2 2026 13F
Filed Aug 14, 2026
 82 $21.7B
Q1 2026 13F
Filed May 15, 2026
 168 $19.1B
Q4 2025 13F
Filed Feb 17, 2026
 148 $23.1B
Q3 2025 13F
Filed Nov 14, 2025
 139 $24.4B
Q2 2025 13F
Filed Aug 14, 2025
 142 $23.8B
Q1 2025 13F
Filed May 15, 2025
 144 $20.9B
Q4 2024 13F
Filed Feb 14, 2025
 145 $22.8B
Q3 2024 13F
Filed Nov 14, 2024
 158 $22.8B
Q2 2024 13F
Filed Aug 14, 2024
 159 $23.3B
Q1 2024 13F
Filed May 15, 2024
 168 $23.6B
Q4 2023 13F
Filed Feb 14, 2024
 148 $21.9B
Q3 2023 13F
Filed Nov 14, 2023
 153 $61.0B
Q2 2023 13F
Filed Aug 14, 2023
 158 $19.9B
Q1 2023 13F
Filed May 15, 2023
 177 $33.5B
Q4 2022 13F
Filed Feb 14, 2023
 226 $16.9B
Q3 2022 13F
Filed Nov 14, 2022
 288 $18.2B
Q2 2022 13F
Filed Aug 15, 2022
 297 $18.4B
Q1 2022 13F
Filed May 16, 2022
 305 $20.7B
Q4 2021 13F
Filed Feb 14, 2022
 292 $20.0B
Q3 2021 13F
Filed Nov 15, 2021
 290 $21.4B

33 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q4 2025

# Holding Reported value % of portfolio
1 SPY P SPDR S&P 500 ETF TR $2.0B 8.85%
2 RVMD REVOLUTION MEDICINES INC $1.2B 5.03%
3 MSFT MICROSOFT CORP $1.1B 4.63%
4 AMZN AMAZON COM INC $1.0B 4.5%
5 EA ELECTRONIC ARTS INC $1.0B 4.45%
6 AON AON PLC $940.5M 4.07%
7 NTRA NATERA INC $896.7M 3.88%
8 BSX BOSTON SCIENTIFIC CORP $709.4M 3.07%
9 RSP P INVESCO EXCHANGE TRADED FD T $689.6M 2.98%
10 EXEL EXELIXIS INC $688.5M 2.98%
11 BBIO BRIDGEBIO PHARMA INC $688.3M 2.98%
12 EXAS EXACT SCIENCES CORP $650.5M 2.82%
13 HYG P ISHARES TR $645.0M 2.79%
14 PTGX PROTAGONIST THERAPEUTICS INC $536.6M 2.32%
15 WAB WABTEC $528.5M 2.29%
16 UNH UNITEDHEALTH GROUP INC $527.8M 2.28%
17 CYBR CYBERARK SOFTWARE LTD $469.7M 2.03%
18 DIS DISNEY WALT CO $469.4M 2.03%
19 SNPS SYNOPSYS INC $469.3M 2.03%
20 LLY P ELI LILLY & CO $403.0M 1.74%

Values as reported on the Q4 2025 Form 13F. Every position is in the holdings table below.

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