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Farallon Capital Management LLC
The positions Farallon Capital Management LLC reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 14 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.
Reported book
$21.7bn
+$4.1bn on Q1 2026
Positions
89
24 new, 100 sold out
Top ten weight
62%
Concentrated
Quarter
Q2 2026
Filed 14 Aug 2026
Read the Q2 2026 filing on sec.gov CIK 0000909661 · Long/short equity · CA
Opened this quarter
A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.
- State STR SPDR S&P 500 ETF T$4.5bn · 21%
- Electronic Arts Inc$1.6bn · 7.5%
- iShares TR$83m · 0.4%
- Parabilis Medicines Inc (PBLS)$65m · 0.3%
- Novartis AG$57m · 0.3%
- CG Oncology Inc (CGON)$28m · 0.1%
- Warby Parker Inc (WRBY)$25m · 0.1%
- Kailera Therapeutics Inc (KLRA)$24m · 0.1%
- Axalta Coating Sys LTD$16m · 0.1%
- Biogen Inc (BIIB)$15m · 0.1%
- Taysha Gene Therapies Inc (TSHA)$15m · 0.1%
- Mobia Med Inc$15m · 0.1%
- and 12 more, in the table below.
Sold out of this quarter
Exits are valued at what the position was worth in the previous filing, because by this one it is gone.
- State STR SPDR S&P 500 ETF T$1.5bn held before
- Invesco Exchange Traded FD T$691m held before
- Schwab Charles Corp$372m held before
- Alphabet Inc$286m held before
- Visa Inc (V)$254m held before
- Disney Walt Co$232m held before
- Mastercard Incorporated (MA)$217m held before
- Mckesson Corp (MCK)$203m held before
- Centessa Pharmaceuticals PLC$191m held before
- Tyra Biosciences Inc (TYRA)$137m held before
- Tenet Healthcare Corp (THC)$85m held before
- Cardinal Health Inc (CAH)$78m held before
- and 88 more.
Every reported position, Q2 2026
89 positions, sorted by weight
| Position | Weight ↑ | Value | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
Blue Gold LTD *W EXP 04/01/203 · CUSIP G1331C112 | 0.0% | $0 | 255,800 | unchanged -44,200 shares | Trimmed |
Pacific Biosciences Calif In COM · CUSIP 69404D108 | 0.0% | $0 | 14,200 | -$200k -120,800 shares | Trimmed |
Geron Corp (GERN) COM · CUSIP 374163103 | 0.0% | $0 | 14,400 | unchanged -28,600 shares | Trimmed |
Nvni Group Limited *W EXP 11/01/202 · CUSIP G50716110 | 0.0% | $0 | 375,000 | unchanged 0 shares | Held |
Canopy Growth Corporation (CGC) COM NEW · CUSIP 138035704 | 0.0% | $0 | 18,000 | unchanged -12,000 shares | Trimmed |
Rani Therapeutics HLDGS Inc COM CL A · CUSIP 753018100 | 0.0% | $0 | 20,700 | unchanged -57,300 shares | Trimmed |
Beyond Meat Inc (BYND) COM · CUSIP 08862E109 | 0.0% | $0 | 19,000 | unchanged 0 shares | Held |
Solid Power Inc *W EXP 12/08/202 · CUSIP 83422N113 | 0.0% | $0 | 405,316 | unchanged 0 shares | Held |
Aleanna Inc COM CL A · CUSIP 01444V103 | 0.0% | $200k | 78,400 | -$400k 0 shares | Held |
Welltower Inc (WELL) COM · CUSIP 95040Q104 | 0.0% | $200k | 1,000 | -$39m -199,000 shares | Trimmed |
Aleanna Inc *W EXP 12/13/202 · CUSIP 01444V111 | 0.0% | $300k | 990,000 | -$500k 0 shares | Held |
Cogent Biosciences Inc (COGT) COM · CUSIP 19240Q201 | 0.0% | $700k | 17,000 | unchanged 0 shares | Held |
Revolution Medicines Inc *W EXP 12/17/202 · CUSIP 76155X118 | 0.0% | $1.1m | 120,085 | +$900k 0 shares | Held |
Teva Pharmaceutical Inds LTD SPONSORED ADS · CUSIP 881624209 | 0.0% | $1.4m | 40,000 | -$9.3m -314,000 shares | Trimmed |
Summit Midstream Corporation (SMC) COM · CUSIP 86614G101 | 0.0% | $1.7m | 58,214 | -$100k 0 shares | Held |
Strategy Inc NOTE 3/0 · CUSIP 594972AU5 | 0.0% | $2.3m | 2,632,000 | No earlier filing | New |
Sagimet Biosciences Inc (SGMT) COM SER A · CUSIP 786700104 | 0.0% | $3.2m | 415,000 | No earlier filing | New |
Jatt II Acquisition Corp (JATT) ORD SHS · CUSIP G50765109 | 0.0% | $3.4m | 300,000 | No earlier filing | New |
Commercial Metals Co (CMC) COM · CUSIP 201723103 | 0.0% | $4.2m | 67,000 | No earlier filing | New |
Prime Medicine Inc (PRME) COM · CUSIP 74168J101 | 0.0% | $4.6m | 1,240,843 | +$300k 0 shares | Held |
Idexx Labs Inc COM · CUSIP 45168D104 | 0.0% | $4.7m | 9,000 | No earlier filing | New |
Gentex Corp (GNTX) COM · CUSIP 371901109 | 0.0% | $5.0m | 199,000 | No earlier filing | New |
Brunswick Corp COM · CUSIP 117043109 | 0.0% | $5.1m | 61,000 | No earlier filing | New |
Waystar HLDG Corp COM · CUSIP 946784105 | 0.0% | $5.4m | 264,900 | No earlier filing | New |
Scotts Miracle-gro Co (SMG) CL A · CUSIP 810186106 | 0.0% | $6.0m | 88,000 | No earlier filing | New |
Inflarx NV COM · CUSIP N44821101 | 0.0% | $7.4m | 3,325,000 | No earlier filing | New |
Beta Bionics Inc (BBNX) COM · CUSIP 08659B102 | 0.0% | $9.3m | 595,000 | -$27m -3,012,920 shares | Trimmed |
Alvotech ORDINARY SHARES · CUSIP L01800108 | 0.0% | $11m | 2,859,675 | +$9.9m +2,660,000 shares | Added |
Alamar Biosciences Inc (ALMR) COMMON STOCK · CUSIP 010911105 | 0.1% | $13m | 462,900 | No earlier filing | New |
Minerva Neurosciences Inc (NERV) COM NEW · CUSIP 603380205 | 0.1% | $13m | 2,365,000 | -$1.1m 0 shares | Held |
Strategy Inc NOTE 2.250% 6/1 · CUSIP 594972AN1 | 0.1% | $14m | 15,000,000 | No earlier filing | New |
Mobia Med Inc COMMON STOCK · CUSIP 60705V103 | 0.1% | $15m | 1,128,557 | No earlier filing | New |
Taysha Gene Therapies Inc (TSHA) COM SHS · CUSIP 877619106 | 0.1% | $15m | 2,250,000 | No earlier filing | New |
Biogen Inc (BIIB) COM · CUSIP 09062X103 | 0.1% | $15m | 71,000 | No earlier filing | New |
Netease Com Inc SPONSORED ADS · CUSIP 64110W102 | 0.1% | $16m | 123,500 | -$17m -167,719 shares | Trimmed |
Vnet Group Inc (VNET) SPONSORED ADS A · CUSIP 90138A103 | 0.1% | $16m | 1,992,000 | +$11m +1,368,653 shares | Added |
Abivax SA SPONSORED ADS · CUSIP 00370M103 | 0.1% | $16m | 122,000 | +$16m +120,000 shares | Added |
Axalta Coating Sys LTD COM · CUSIP G0750C108 | 0.1% | $16m | 478,000 | No earlier filing | New |
Rio Tinto PLC SPONSORED ADR · CUSIP 767204100 | 0.1% | $17m | 183,475 | +$12m +129,675 shares | Added |
Kailera Therapeutics Inc (KLRA) COMMON STOCK · CUSIP 482931102 | 0.1% | $24m | 1,100,000 | No earlier filing | New |
Perceptive Cap Solutions Cor CL A ORD SHS · CUSIP G70077105 | 0.1% | $25m | 2,250,000 | -$200k 0 shares | Held |
Warby Parker Inc (WRBY) CL A COM · CUSIP 93403J106 | 0.1% | $25m | 828,000 | No earlier filing | New |
Merck & Co Inc (MRK) COM · CUSIP 58933Y105 | 0.1% | $26m | 199,000 | -$18m -162,000 shares | Trimmed |
CG Oncology Inc (CGON) COM CALL · CUSIP 156944100 | 0.1% | $28m | 400,000 | No earlier filing | New |
Maze Therapeutics Inc (MAZE) COM · CUSIP 578784100 | 0.2% | $33m | 1,107,814 | +$22m +734,814 shares | Added |
Enanta Pharmaceuticals Inc (ENTA) COM · CUSIP 29251M106 | 0.2% | $35m | 2,418,202 | -$1.0m -453,660 shares | Trimmed |
Assembly Biosciences Inc (ASMB) COM NEW · CUSIP 045396207 | 0.2% | $44m | 1,604,590 | +$10m +377,000 shares | Added |
Joyy Inc (JOYY) ADS REPSTG COM A · CUSIP 46591M109 | 0.2% | $46m | 699,200 | +$12m +121,000 shares | Added |
Avalo Therapeutics Inc (AVTX) COM NEW · CUSIP 05338F306 | 0.2% | $46m | 2,498,000 | +$33m +1,582,000 shares | Added |
Vnet Group Inc (VNET) NOTE 2.000%10/0 · CUSIP 90138AAE3 | 0.2% | $47m | 45,000,000 | +$2.3m 0 shares | Held |
Guardant Health Inc (GH) COM · CUSIP 40131M109 | 0.2% | $48m | 322,200 | +$48m +314,200 shares | Added |
Novartis AG SPONSORED ADR · CUSIP 66987V109 | 0.3% | $57m | 363,000 | No earlier filing | New |
Parabilis Medicines Inc (PBLS) COM · CUSIP 698955101 | 0.3% | $65m | 2,368,200 | No earlier filing | New |
Strategy Inc NOTE 12/0 · CUSIP 594972AS0 | 0.3% | $75m | 87,858,000 | +$43m +48,358,000 shares | Added |
iShares TR ISHARES SEMICDTR PUT · CUSIP 464287523 | 0.4% | $83m | 130,000 | No earlier filing | New |
Johnson & Johnson (JNJ) COM · CUSIP 478160104 | 0.5% | $104m | 408,000 | +$67m +260,000 shares | Added |
Astrazeneca PLC (AZN) ORD · CUSIP G0593M107 | 0.5% | $109m | 574,000 | +$64m +347,501 shares | Added |
Brightspring Health SVCS Inc COM · CUSIP 10950A106 | 0.6% | $121m | 1,732,800 | +$52m +115,800 shares | Added |
Acadia Healthcare Company In COM · CUSIP 00404A109 | 0.6% | $125m | 4,220,800 | +$84m +2,484,000 shares | Added |
Novo-nordisk A S ADR · CUSIP 670100205 | 0.6% | $126m | 2,619,000 | +$97m +1,837,000 shares | Added |
Baidu Inc SPON ADR REP A · CUSIP 056752108 | 0.6% | $138m | 1,203,785 | +$88m +760,000 shares | Added |
Aramark (ARMK) COM · CUSIP 03852U106 | 1.0% | $206m | 3,625,731 | -$42m -2,509,700 shares | Trimmed |
Agios Pharmaceuticals Inc (AGIO) COM · CUSIP 00847X104 | 1.0% | $220m | 5,917,400 | +$27m +233,400 shares | Added |
Twist Bioscience Corp (TWST) COM · CUSIP 90184D100 | 1.0% | $220m | 2,136,400 | +$152m +708,750 shares | Added |
Immunovant Inc (IMVT) COM · CUSIP 45258J102 | 1.0% | $224m | 5,805,000 | +$185m +4,259,000 shares | Added |
Wabtec COM · CUSIP 929740108 | 1.1% | $241m | 894,503 | -$161m -714,900 shares | Trimmed |
Grail Inc (GRAL) COM · CUSIP 384747101 | 1.3% | $284m | 4,161,584 | +$116m +907,900 shares | Added |
Crinetics Pharmaceuticals In COM · CUSIP 22663K107 | 1.6% | $336m | 8,989,098 | +$34m +651,000 shares | Added |
Beam Therapeutics Inc (BEAM) COM · CUSIP 07373V105 | 1.6% | $351m | 10,236,396 | +$110m +101,700 shares | Added |
Synopsys Inc (SNPS) COM · CUSIP 871607107 | 1.7% | $370m | 829,600 | -$111m -383,700 shares | Trimmed |
KKR & Co Inc COM · CUSIP 48251W104 | 1.7% | $378m | 4,118,300 | -$54m -553,500 shares | Trimmed |
Tango Therapeutics Inc (TNGX) COM · CUSIP 87583X109 | 1.8% | $384m | 12,277,000 | +$194m +3,179,589 shares | Added |
Microsoft Corp (MSFT) COM · CUSIP 594918104 | 1.9% | $415m | 1,112,863 | -$453m -1,231,916 shares | Trimmed |
Broadcom Inc (AVGO) COM · CUSIP 11135F101 | 2.0% | $435m | 1,151,800 | -$116m -627,700 shares | Trimmed |
Boston Scientific Corp (BSX) COM · CUSIP 101137107 | 2.1% | $449m | 10,521,184 | -$20m +3,050,500 shares | Added |
Aon PLC (AON) SHS CL A · CUSIP G0403H108 | 2.1% | $459m | 1,382,562 | -$352m -1,130,076 shares | Trimmed |
Roivant Sciences LTD (ROIV) SHS · CUSIP G76279101 | 2.3% | $506m | 14,309,000 | +$238m +4,634,000 shares | Added |
Thermo Fisher Scientific Inc (TMO) COM · CUSIP 883556102 | 2.4% | $526m | 1,049,185 | +$93m +167,700 shares | Added |
Unitedhealth Group Inc (UNH) COM · CUSIP 91324P102 | 2.4% | $528m | 1,270,532 | +$35m -551,174 shares | Trimmed |
Natera Inc (NTRA) COM · CUSIP 632307104 | 2.8% | $602m | 2,218,366 | -$39m -989,000 shares | Trimmed |
Lantheus HLDGS Inc COM · CUSIP 516544103 | 2.9% | $619m | 5,583,479 | +$196m 0 shares | Held |
Amazon Com Inc (AMZN) COM · CUSIP 023135106 | 2.9% | $628m | 2,632,994 | -$251m -1,585,400 shares | Trimmed |
Liquidia Corporation (LQDA) COM NEW · CUSIP 53635D202 | 3.1% | $667m | 8,365,038 | +$340m -291,000 shares | Trimmed |
Exelixis Inc (EXEL) COM · CUSIP 30161Q104 | 3.4% | $733m | 13,468,010 | +$171m +357,000 shares | Added |
Protagonist Therapeutics Inc (PTGX) COM · CUSIP 74366E102 | 3.6% | $778m | 6,348,906 | +$109m 0 shares | Held |
Bridgebio Pharma Inc (BBIO) COM · CUSIP 10806X102 | 3.7% | $800m | 10,743,063 | +$105m +1,377,600 shares | Added |
Electronic Arts Inc COM · CUSIP 285512109 | 7.5% | $1.6bn | 7,919,500 | No earlier filing | New |
Revolution Medicines Inc COM · CUSIP 76155X100 | 12% | $2.5bn | 13,550,796 | +$1.2bn -54,000 shares | Trimmed |
State STR SPDR S&P 500 ETF T TR UNIT PUT · CUSIP 78462F103 | 21% | $4.5bn | 6,000,000 | No earlier filing | New |
Every filing on file
| Quarter | Period end | Filed | Book | Positions | Top 10 | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | 30 Jun 2026 | 14 Aug 2026 | $21.7bn | 89 | 62% | 13F-HR |
| Q1 2026 | 31 Mar 2026 | 15 May 2026 | $17.5bn | 172 | 49% | 13F-HR |
| Q4 2025 | 31 Dec 2025 | 17 Feb 2026 | $21.2bn | 151 | 47% | 13F-HR |
| Q3 2025 | 30 Sept 2025 | 17 Feb 2026 | $24.4bn | 144 | 48% | 13F-HR |
| Q2 2025 | 30 Jun 2025 | 14 Aug 2025 | $23.2bn | 141 | 46% | 13F-HR |
| Q1 2025 | 31 Mar 2025 | 15 May 2025 | $17.9bn | 135 | 43% | 13F-HR |
| Q4 2024 | 31 Dec 2024 | 14 Feb 2025 | $19.7bn | 138 | 44% | 13F-HR |
| Q3 2024 | 30 Sept 2024 | 14 Nov 2024 | $20.4bn | 153 | 43% | 13F-HR |
Taking this into the room
Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.
A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.
What this filing leaves out
A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.
The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.
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