Q4 2025 · 13F-HR
FARALLON CAPITAL MANAGEMENT LLCholdings as filed
Filed 2026-02-17 · accession 0000908834-26-000087
$21.19B
Reported value
151
Positions
2025-12-31
Period end
The Brief · FARALLON CAPITAL MANAGEMENT LLC · Q4 2025
AI · grounded in 13F
Farallon Capital Management LLC established a new position in SPY valued at $2.05B. The fund also initiated new stakes in RVMD for $1.16B and MSFT for $1.07B. Additional new positions include AMZN at $1.04B and AON at $940.5M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $2.05B | 9.65% | 3,000,000 | PUT | SOLE |
| 76155X100 | RVMD | REVOLUTION MEDICINES INC | $1.16B | 5.48% | 14,582,796 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $1.07B | 5.05% | 2,214,079 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $1.04B | 4.90% | 4,499,894 | Common | SOLE |
| G0403H108 | AON | AON PLC | $940.5M | 4.44% | 2,665,238 | Common | SOLE |
| 632307104 | NTRA | NATERA INC | $896.7M | 4.23% | 3,914,366 | Common | SOLE |
| 101137107 | BSX | BOSTON SCIENTIFIC CORP | $709.4M | 3.35% | 7,439,564 | Common | SOLE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $689.6M | 3.25% | 3,600,000 | PUT | SOLE |
| 30161Q104 | EXEL | EXELIXIS INC | $688.5M | 3.25% | 15,709,500 | Common | SOLE |
| 10806X102 | BBIO | BRIDGEBIO PHARMA INC | $688.3M | 3.25% | 8,998,463 | Common | SOLE |
| 464288513 | HYG | ISHARES TR | $645.0M | 3.04% | 8,000,000 | PUT | SOLE |
| 74366E102 | PTGX | PROTAGONIST THERAPEUTICS INC | $536.6M | 2.53% | 6,144,006 | Common | SOLE |
| 929740108 | WAB | WABTEC | $528.5M | 2.49% | 2,476,003 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $527.8M | 2.49% | 1,598,906 | Common | SOLE |
| M2682V108 | CYBR | CYBERARK SOFTWARE LTD | $469.7M | 2.22% | 1,053,040 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $469.4M | 2.22% | 4,125,991 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $469.3M | 2.21% | 999,200 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $403.0M | 1.90% | 375,000 | PUT | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $368.3M | 1.74% | 635,685 | Common | SOLE |
| 516544103 | LNTH | LANTHEUS HLDGS INC | $361.2M | 1.70% | 5,427,479 | Common | SOLE |
| 03852U106 | ARMK | ARAMARK | $344.9M | 1.63% | 9,357,046 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $334.1M | 1.58% | 1,261,177 | Common | SOLE |
| 808513105 | SCHW | SCHWAB CHARLES CORP | $333.7M | 1.57% | 3,339,657 | Common | SOLE |
| 22663K107 | CRNX | CRINETICS PHARMACEUTICALS IN | $322.7M | 1.52% | 6,933,098 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $308.9M | 1.46% | 892,400 | Common | SOLE |
| 53635D202 | LQDA | LIQUIDIA CORPORATION | $298.5M | 1.41% | 8,656,038 | Common | SOLE |
| 631103108 | NDAQ | NASDAQ INC | $290.3M | 1.37% | 2,989,213 | Common | SOLE |
| 07373V105 | BEAM | BEAM THERAPEUTICS INC | $278.9M | 1.32% | 10,063,111 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $257.2M | 1.21% | 2,017,700 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $247.0M | 1.17% | 787,040 | Common | SOLE |
| 58155Q103 | MCK | MCKESSON CORP | $245.2M | 1.16% | 298,900 | Common | SOLE |
| 92826C839 | V | VISA INC | $244.1M | 1.15% | 695,910 | Common | SOLE |
| 650111107 | NYT | NEW YORK TIMES CO | $227.7M | 1.07% | 3,280,678 | Common | SOLE |
| 15677J108 | DAY | DAYFORCE INC | $202.3M | 0.95% | 2,925,000 | Common | SOLE |
| 384747101 | GRAL | GRAIL INC | $200.5M | 0.95% | 2,342,684 | Common | SOLE |
| 091749101 | BITW | BITWISE 10 CRYPTO INDEX ETF | $198.9M | 0.94% | 3,385,500 | Common | SOLE |
| 12504L109 | CBRE | CBRE GROUP INC | $158.2M | 0.75% | 983,771 | Common | SOLE |
| 00847X104 | AGIO | AGIOS PHARMACEUTICALS INC | $140.4M | 0.66% | 5,159,505 | Common | SOLE |
| 152309100 | CNTA | CENTESSA PHARMACEUTICALS PLC | $134.5M | 0.63% | 5,377,068 | Common | SOLE |
| 08659B102 | BBNX | BETA BIONICS INC | $131.4M | 0.62% | 4,313,920 | Common | SOLE |
| 14149Y108 | CAH | CARDINAL HEALTH INC | $118.4M | 0.56% | 576,000 | Common | SOLE |
| 87583X109 | TNGX | TANGO THERAPEUTICS INC | $115.7M | 0.55% | 13,061,411 | Common | SOLE |
| 433000106 | HIMS | HIMS & HERS HEALTH INC | $110.0M | 0.52% | 3,386,986 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $106.1M | 0.50% | 2,137,100 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $98.6M | 0.47% | 172,671 | Common | SOLE |
| 171757206 | CDTX | CIDARA THERAPEUTICS INC | $84.6M | 0.40% | 382,800 | Common | SOLE |
| 88033G407 | THC | TENET HEALTHCARE CORP | $74.0M | 0.35% | 372,153 | Common | SOLE |
| 95040Q104 | WELL | WELLTOWER INC | $63.7M | 0.30% | 343,000 | Common | SOLE |
| 89400J107 | TRU | TRANSUNION | $57.9M | 0.27% | 675,000 | Common | SOLE |
| 90240B106 | TYRA | TYRA BIOSCIENCES INC | $54.3M | 0.26% | 2,066,818 | Common | SOLE |
| 90138A103 | VNET | VNET GROUP INC | $53.2M | 0.25% | 6,285,386 | Common | SOLE |
| 00370M103 | ABVX | ABIVAX SA | $52.2M | 0.25% | 387,000 | Common | SOLE |
| 29251M106 | ENTA | ENANTA PHARMACEUTICALS INC | $43.7M | 0.21% | 2,772,262 | Common | SOLE |
| 457669307 | INSM | INSMED INC | $43.5M | 0.21% | 250,000 | CALL | SOLE |
| 045396207 | ASMB | ASSEMBLY BIOSCIENCES INC | $41.8M | 0.20% | 1,227,590 | Common | SOLE |
| 056752108 | BIDU | BAIDU INC | $41.2M | 0.19% | 315,300 | Common | SOLE |
| 02043Q107 | ALNY | ALNYLAM PHARMACEUTICALS INC | $39.8M | 0.19% | 100,000 | PUT | SOLE |
| 46591M109 | JOYY | JOYY INC | $37.4M | 0.18% | 578,200 | Common | SOLE |
| 46438R105 | ETHA | ISHARES ETHEREUM TR | $33.2M | 0.16% | 1,481,001 | Common | SOLE |
| 86366E106 | GPCR | STRUCTURE THERAPEUTICS INC | $31.6M | 0.15% | 454,000 | Common | SOLE |
| 603170101 | MLYS | MINERALYS THERAPEUTICS INC | $29.9M | 0.14% | 823,296 | Common | SOLE |
| 86765Q106 | SUNC | SUNOCOCORP LLC | $29.9M | 0.14% | 606,277 | Common | SOLE |
| G70077105 | PCSC | PERCEPTIVE CAP SOLUTIONS COR | $29.3M | 0.14% | 2,250,000 | Common | SOLE |
| 880881107 | 430 | TERNS PHARMACEUTICALS INC | $25.9M | 0.12% | 642,000 | Common | SOLE |
| 29261A100 | EHC | ENCOMPASS HEALTH CORP | $24.9M | 0.12% | 234,500 | Common | SOLE |
| 031652100 | AMKR | AMKOR TECHNOLOGY INC | $18.3M | 0.09% | 464,000 | Common | SOLE |
| 92337C203 | VSTM | VERASTEM INC | $15.4M | 0.07% | 2,000,000 | Common | SOLE |
| 26622P107 | DOCS | DOXIMITY INC | $13.8M | 0.06% | 311,000 | Common | SOLE |
| 40131M109 | GH | GUARDANT HEALTH INC | $11.1M | 0.05% | 109,000 | Common | SOLE |
| 58507V107 | MDLN | MEDLINE INC | $10.9M | 0.05% | 260,000 | Common | SOLE |
| 647581206 | EDU | NEW ORIENTAL ED & TECHNOLOGY | $10.8M | 0.05% | 196,000 | Common | SOLE |
| 603380205 | NERV | MINERVA NEUROSCIENCES INC | $9.5M | 0.04% | 2,365,000 | Common | SOLE |
| 81663L200 | WGS | GENEDX HOLDINGS CORP | $9.1M | 0.04% | 70,000 | Common | SOLE |
| 38964R203 | ETH | GRAYSCALE ETHEREUM MINI TR E | $6.4M | 0.03% | 228,340 | Common | SOLE |
| 74168J101 | PRME | PRIME MEDICINE INC | $4.3M | 0.02% | 1,240,843 | Common | SOLE |
| 687793109 | OSCR | OSCAR HEALTH INC | $3.8M | 0.02% | 264,000 | Common | SOLE |
| 558868105 | MDGL | MADRIGAL PHARMACEUTICALS INC | $1.9M | 0.01% | 3,319 | Common | SOLE |
| 86614G101 | SMC | SUMMIT MIDSTREAM CORPORATION | $1.6M | 0.01% | 58,214 | Common | SOLE |
| 670002401 | NVAX | NOVAVAX INC | $1.3M | 0.01% | 195,000 | Common | SOLE |
| 80810D103 | SDGR | SCHRODINGER INC | $1.3M | 0.01% | 71,000 | Common | SOLE |
| 881624209 | TEVA | TEVA PHARMACEUTICAL INDS LTD | $1.2M | 0.01% | 40,000 | Common | SOLE |
| 14070B309 | CAPR | CAPRICOR THERAPEUTICS INC | $1.2M | 0.01% | 41,000 | Common | SOLE |
| 04280A100 | ARWR | ARROWHEAD PHARMACEUTICALS IN | $1.0M | 0.00% | 15,800 | Common | SOLE |
| L01800108 | ALVO | ALVOTECH | $1.0M | 0.00% | 199,675 | Common | SOLE |
| 10950A106 | BTSG | BRIGHTSPRING HEALTH SVCS INC | $823,900 | 0.00% | 22,000 | Common | SOLE |
| G76279101 | ROIV | ROIVANT SCIENCES LTD | $802,900 | 0.00% | 37,000 | Common | SOLE |
| 03969K108 | ARQT | ARCUTIS BIOTHERAPEUTICS INC | $755,040 | 0.00% | 26,000 | Common | SOLE |
| 05464T104 | AXSM | AXSOME THERAPEUTICS INC | $730,560 | 0.00% | 4,000 | Common | SOLE |
| 19240Q201 | COGT | COGENT BIOSCIENCES INC | $603,840 | 0.00% | 17,000 | Common | SOLE |
| G01767105 | ALKS | ALKERMES PLC | $581,984 | 0.00% | 20,800 | Common | SOLE |
| 457669307 | INSM | INSMED INC | $522,120 | 0.00% | 3,000 | Common | SOLE |
| 501147102 | KRYS | KRYSTAL BIOTECH INC | $493,080 | 0.00% | 2,000 | Common | SOLE |
| 74340E103 | PGNY | PROGYNY INC | $462,240 | 0.00% | 18,000 | Common | SOLE |
| 89422G107 | TVTX | TRAVERE THERAPEUTICS INC | $458,520 | 0.00% | 12,000 | Common | SOLE |
| 42226A107 | HQY | HEALTHEQUITY INC | $458,050 | 0.00% | 5,000 | Common | SOLE |
| 15102K100 | CELC | CELCUITY INC | $398,960 | 0.00% | 4,000 | Common | SOLE |
| 682143102 | OMER | OMEROS CORP | $395,025 | 0.00% | 23,000 | Common | SOLE |
| 462222100 | IONS | IONIS PHARMACEUTICALS INC | $379,728 | 0.00% | 4,800 | Common | SOLE |
| G5509L101 | LIVN | LIVANOVA PLC | $369,180 | 0.00% | 6,000 | Common | SOLE |
| 379577208 | GMED | GLOBUS MED INC | $349,240 | 0.00% | 4,000 | Common | SOLE |
| 03073E105 | COR | CENCORA INC | $337,750 | 0.00% | 1,000 | Common | SOLE |
| N90064101 | QURE | UNIQURE NV | $335,020 | 0.00% | 14,000 | Common | SOLE |
| 07725L102 | ONC | BEONE MEDICINES LTD | $334,191 | 0.00% | 1,100 | Common | SOLE |
| 156944100 | CGON | CG ONCOLOGY INC | $332,160 | 0.00% | 8,000 | Common | SOLE |
| 80706P103 | SRRK | SCHOLAR ROCK HLDG CORP | $308,350 | 0.00% | 7,000 | Common | SOLE |
| 45258J102 | IMVT | IMMUNOVANT INC | $305,040 | 0.00% | 12,000 | Common | SOLE |
| 670703107 | NUVL | NUVALENT INC | $301,770 | 0.00% | 3,000 | Common | SOLE |
| 04351P101 | ASNDUSD | ASCENDIS PHARMA A/S | $298,536 | 0.00% | 1,400 | Common | SOLE |
| 92337F107 | VCYT | VERACYTE INC | $294,700 | 0.00% | 7,000 | Common | SOLE |
| 377322102 | GKOS | GLAUKOS CORP | $293,566 | 0.00% | 2,600 | Common | SOLE |
| 83422N113 | SLDPW | SOLID POWER INC | $286,883 | 0.00% | 405,316 | Common | SOLE |
| 86150R107 | STOK | STOKE THERAPEUTICS INC | $285,660 | 0.00% | 9,000 | Common | SOLE |
| 78573L106 | SBRA | SABRA HEALTH CARE REIT INC | $265,160 | 0.00% | 14,000 | Common | SOLE |
| 589889104 | MMSI | MERIT MED SYS INC | $264,420 | 0.00% | 3,000 | Common | SOLE |
| 398438408 | GRFS | GRIFOLS S A | $261,800 | 0.00% | 28,000 | Common | SOLE |
| 03940C100 | ACLXGBX | ARCELLX INC | $260,800 | 0.00% | 4,000 | Common | SOLE |
| 67080N101 | NUVB | NUVATION BIO INC | $259,840 | 0.00% | 29,000 | Common | SOLE |
| M96088105 | URGN | UROGEN PHARMA LTD | $257,620 | 0.00% | 11,000 | Common | SOLE |
| 69404D108 | PACB | PACIFIC BIOSCIENCES CALIF IN | $252,450 | 0.00% | 135,000 | Common | SOLE |
| 36266G107 | GEHC | GE HEALTHCARE TECHNOLOGIES I | $246,060 | 0.00% | 3,000 | Common | SOLE |
| 90184D100 | TWST | TWIST BIOSCIENCE CORP | $242,658 | 0.00% | 7,650 | Common | SOLE |
| 604749101 | MIRM | MIRUM PHARMACEUTICALS INC | $236,970 | 0.00% | 3,000 | Common | SOLE |
| 834203309 | SLNO | SOLENO THERAPEUTICS INC | $231,500 | 0.00% | 5,000 | Common | SOLE |
| 92243G108 | PCVX | VAXCYTE INC | $230,700 | 0.00% | 5,000 | Common | SOLE |
| 03152W109 | AM6 | AMICUS THERAPEUTICS INC | $227,840 | 0.00% | 16,000 | Common | SOLE |
| 64049M209 | NEO | NEOGENOMICS INC | $223,440 | 0.00% | 19,000 | Common | SOLE |
| 01444V103 | ANNA | ALEANNA INC | $223,440 | 0.00% | 78,400 | Common | SOLE |
| G4705A100 | ICLR | ICON PLC | $218,664 | 0.00% | 1,200 | Common | SOLE |
| G31249108 | ESTA | ESTABLISHMENT LABS HLDGS INC | $218,640 | 0.00% | 3,000 | Common | SOLE |
| 67576A100 | OCUL | OCULAR THERAPEUTIX INC | $218,520 | 0.00% | 18,000 | Common | SOLE |
| 87164F105 | SNDX | SYNDAX PHARMACEUTICALS INC | $210,100 | 0.00% | 10,000 | Common | SOLE |
| 74017N105 | PGEN | PRECIGEN INC | $209,000 | 0.00% | 50,000 | Common | SOLE |
| 42226K105 | HR | HEALTHCARE RLTY TR | $203,400 | 0.00% | 12,000 | Common | SOLE |
| 26818M108 | DYN | DYNE THERAPEUTICS INC | $195,600 | 0.00% | 10,000 | Common | SOLE |
| 09058V103 | BCRX | BIOCRYST PHARMACEUTICALS INC | $187,200 | 0.00% | 24,000 | Common | SOLE |
| 140755307 | TVRD | TVARDI THERAPEUTICS INC | $185,868 | 0.00% | 43,225 | Common | SOLE |
| 00650F109 | ADPT | ADAPTIVE BIOTECHNOLOGIES COR | $178,640 | 0.00% | 11,000 | Common | SOLE |
| 01444V111 | ANNAW | ALEANNA INC | $163,499 | 0.00% | 990,000 | Common | SOLE |
| 039697107 | ARDX | ARDELYX INC | $134,090 | 0.00% | 23,000 | Common | SOLE |
| G1331C112 | BGLWW | BLUE GOLD LTD | $132,000 | 0.00% | 300,000 | Common | SOLE |
| 76155X118 | RVMDW | REVOLUTION MEDICINES INC | $112,868 | 0.00% | 120,085 | Common | SOLE |
| 753018100 | RANI | RANI THERAPEUTICS HLDGS INC | $105,300 | 0.00% | 78,000 | Common | SOLE |
| 02155H200 | ALT | ALTIMMUNE INC | $99,636 | 0.00% | 27,600 | Common | SOLE |
| 462260100 | IOVA | IOVANCE BIOTHERAPEUTICS INC | $70,980 | 0.00% | 26,000 | Common | SOLE |
| 374163103 | GERN | GERON CORP | $56,760 | 0.00% | 43,000 | Common | SOLE |
| 30050B101 | EVH | EVOLENT HEALTH INC | $56,000 | 0.00% | 14,000 | Common | SOLE |
| 12529R107 | CCCC | C4 THERAPEUTICS INC | $53,480 | 0.00% | 28,000 | Common | SOLE |
| 46333X108 | IRWD | IRONWOOD PHARMACEUTICALS INC | $43,810 | 0.00% | 13,000 | Common | SOLE |
| 138035704 | CGC | CANOPY GROWTH CORP | $34,200 | 0.00% | 30,000 | Common | SOLE |
| G50716110 | NVNIW | NVNI GROUP LIMITED | $22,500 | 0.00% | 375,000 | Common | SOLE |
| 08862E109 | BYND | BEYOND MEAT INC | $15,580 | 0.00% | 19,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.