Farallon Capital Management BP
Environmentalist Thomas Steyer's Farallon Capital Buys BP
Considering the Deepwater Horizon explosion last year, BP is an unusual investment for Steyer, who with his wife donated millions to a create a sustainable-energy center at Stanford University in 2008. Farallon bought 1.8 million shares of BP during the second quarter, which had a market value of nearly $80 million as of June 30, according to the fund's latest 13F filing with regulators.
Hedge funds that manage more than $100 million are required to disclose their equity holdings, options and convertible debt on a Form 13F filed to the Securities and Exchange Commission within 45 days of the end of a quarter. Funds aren't required to report short positions betting on declines. Farallon Capital ended the second quarter with 61 reported holdings with a market value of nearly $3.1 billion.
Farallon's other new buys in the second quarter included FedEx(FDX_), Expedia(EXPE_), Youku.com(YOKU_), and Tenet Healthcare(THC_). In total, the hedge fund reported 15 new holdings for the second quarter. Source