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FORM 13F
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OMB Number: 3235-0006
Expires: October 31, 2000
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F COVER PAGE
Report for the Calendar Year of Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.):
[ ] is a restatement.
[ ] adds new holdings entries
Institutional Investment Manager Filing this Report:
Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, California 94111
Form 13F File Number: 28-3896
The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true, correct
and complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Joseph F. Downes
Managing Member
(415) 421-2132
/s/ Joseph F. Downes
San Francisco, California
August 16, 1999
Report Type:
13F Holdings Report
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Form 13F Summary Page
Report Summary:
Number of Other Included Managers:
1
Form 13F Information Table Entry Total:
128
Form 13F Information Table Value Total:
$2,168,462 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of
all institutional investment managers with respect to which this report is
filed, other than the manager filing this report.
No. 1
Form 13F File Number: 28-6372
Name: Farallon Partners, L.L.C.
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Farallon Capital Management
FORM 13F
June 30, 1999
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
Name of Issuer Title of CUSIP Value Shares/ Sh/ Put/ Invstmt Other Voting Authority
class (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
---------------- ---------- --------- -------- -------- --- ---- ------- -------- ------- -------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Clear Channel COM 184502102 13,045 189,225 SH Other 01 189,225
Communications
Pioneer Hi Bred Intl COM 723684101 1,005 25,800 SH Other 01 25,800
Inc
Uniphase Corp COM 909149106 50,569 604,200 SH Other 01 604,200
AFC Cable Sys Inc COM 000950105 12,679 359,700 SH Other 01 359,700
AT&T Corp COM 001957109 58,063 1,040,329 SH Other 01 1,040,329
Abacus Direct Corp COM 002553105 15,847 176,200 SH Other 01 176,200
Abovenet Communications COM 003743101 8,325 206,500 SH Other 01 206,500
Inc
Aliant Communications COM 016090102 4,392 95,100 SH Other 01 95,100
Inc
Allergan Specialty CL A 018494104 10,962 1,008,021 SH Other 01 1,008,021
Therap
Alza Corp Del COM 022615108 71,537 1,406,120 SH Other 01 1,406,120
America Online Inc Del COM 02364J104 14,938 135,188 SH Other 01 135,188
American Bankers Ins COM 024456105 7,932 145,700 SH Other 01 145,700
Group Inc
Ameritech Corp New COM 030954101 367 5,000 SH Other 01 5,000
Amphenol Corp New CL A 032095101 16,059 403,988 SH Other 01 403,988
Anacomp Inc Del COM 032371106 3,911 230,070 SH Other 01 230,070
Aquarion Co. COM 03838W101 1,060 30,500 SH Other 01 30,500
Associated Group Inc CL B 045651205 1,583 24,300 SH Other 01 24,300
Automobile Protn Corp- COM 052905106 9,994 780,000 SH Other 01 780,000
Apco
BancTec Inc COM 059784108 7,252 404,300 SH Other 01 404,300
Bandag Inc. COM 059815100 2,654 76,500 SH Other 01 76,500
Blount Intl Inc CL A 095177101 1,634 60,100 SH Other 01 60,100
British Amern Tob Plc Sponsored 110448107 730 37,900 SH Other 01 37,900
Adr
Broadcast Com Inc COM 111310108 52,591 396,536 SH Other 01 396,536
Browning Ferris Inds COM 115885105 96,337 2,240,400 SH Other 01 2,240,400
CMP Group Inc. COM 125887109 4,232 161,600 SH Other 01 161,600
Cadence Design System COM 127387108 3,555 278,800 SH Other 01 278,800
Inc
Calif Fed Bk fsb Los Cont 130209604 145 64,500 SH Other 01 64,500
Angl Litig Rec
Capital Pac Hldgs Inc COM 14040M104 10,537 2,809,851 SH Other 01 2,809,851
Capstar Broadcasting CL A 14067G105 370 13,500 SH Other 01 13,500
Corp
Case Corp COM 14743R103 5,294 110,000 SH Other 01 110,000
Chastain Cap Corp COM 161697107 2,939 447,800 SH Other 01 447,800
Chicago Title Corp COM 168228104 2,512 70,400 SH Other 01 70,400
City Investing Co Liq Unit 177900107 15,114 11,515,129 SH Other 01 11,515,129
Tr Ben Int
Clinichem Dev Inc CL A 186906103 1,739 267,500 SH Other 01 267,500
Coast Federal Litigation RT 19034Q110 191 179,400 SH Other 01 179,400
Tr
Coleman Inc New COM 193559101 1,389 148,200 SH Other 01 148,200
Coltec Inds Inc COM 196879100 74,713 3,445,000 SH Other 01 3,445,000
Comsat Corp COM 20564D107 30,381 934,800 SH Other 01 934,800
SER 1
Consolidated Nat Gas Co COM 209615103 9,234 152,000 SH Other 01 152,000
Consorcio G Grupo Dina Sub DB 210306AB2 20,319 37,193,000 PRN Other 01 37,193,000
S A CV Conv 8%04
CORT Business Svcs Corp COM 220493100 1,870 78,100 SH Other 01 78,100
Crescendo Pharmaceuticals CL A 225637107 19,900 1,149,445 SH Other 01 1,149,445
Corp
Cypress Semiconductor sub nt 232806AB5 1,739 1,770,000 PRN Other 01 1,770,000
Corp cv 144 A02
Cypress Semiconductor sub nt 232806AD1 2,363 2,405,000 PRN Other 01 2,405,000
Corp conv 6%02
Dialogic Corp COM 252499108 267 6,100 SH Other 01 6,100
Eastern Utils Assoc COM 277173100 7,290 250,300 SH Other 01 250,300
Edify Corp COM 280599101 6,050 456,600 SH Other 01 456,600
El Paso Elec Co. COM 283677854 3,326 372,100 SH Other 01 372,100
New
Elan Plc Wts exp 284131703 8,272 262,600 SH Other 01 262,600
123101
Executive Risk Inc COM 301586103 4,517 53,100 SH Other 01 53,100
Federated Dept Stores COM 31410H101 297 5,611 SH Other 01 5,611
Inc Del
First Wash Rlty Tr Inc PFD A 337489603 12,985 439,246 SH Other 01 439,246
CV 9.75%
Fisher Scientific Intl COM 338032204 23,565 1,056,140 SH Other 01 1,056,140
Inc New
Frontier Corporation COM 35906P105 590 10,000 SH Other 01 10,000
Frontier Corporation COM 35906P105 5,900 100,000 SH CALL Other 01 100,000
General Semiconductor COM 370787103 6,454 707,300 SH Other 01 707,300
Inc
Golden St Bancorp Inc COM 381197102 21,677 985,320 SH Other 01 985,320
Golden St Bancorp Inc Wt Exp 381197136 961 732,320 SH Other 01 732,320
000000
Gulfstream Aerospace COM 402734107 40,700 602,400 SH Other 01 602,400
Corp
Halter Marine Group Inc COM 40642Y105 3,066 500,500 SH Other 01 500,500
Healthcare Financial COM 42219W108 22,307 651,300 SH Other 01 651,300
Partners
IXC Communications Inc COM 450713102 6,440 164,600 SH Other 01 164,600
Intelligent Polymers Unit Ex 45815V200 22,504 537,400 SH Other 01 537,400
Ltd 093000
International Comfort ORD 458978103 11,257 989,600 SH Other 01 989,600
Prods Cp
Juno Ltg Inc COM 482047107 1,529 64,500 SH Other 01 64,500
Knoll Inc COM 498904101 7,820 293,700 SH Other 01 293,700
Koger Equity Inc COM 500228101 11,322 614,100 SH Other 01 614,100
Korn Ferry Intl COM 500643200 3,708 218,100 SH Other 01 218,100
New
Ladish Inc COM 505754200 698 90,100 SH Other 01 90,100
New
Lam Resh Corp SB NT 512807AB4 34,216 37,600,000 PRN Other 01 37,600,000
CV 144A 02
Learning Co Inc COM 522008101 13,466 509,367 SH Other 01 509,367
Level One Communications COM 527295109 61,916 1,265,200 SH Other 01 1,265,200
Inc
Ligand Pharmaceuticals CL B 53220K207 7,493 685,098 SH Other 01 685,098
Inc
Loews Corp COM 540424108 9,574 121,000 SH Other 01 121,000
Lucent Technologies Inc COM 549463107 117,937 1,748,835 SH Other 01 1,748,835
MCI Worldcom Inc. COM 55268B106 4,693 54,572 SH Other 01 54,572
MacMillan Bloedel Ltd COM 554783209 62,494 3,471,900 SH Other 01 3,471,900
Marshall Inds COM 572393106 3,802 105,800 SH Other 01 105,800
Maxxim Med Inc COM 57777G105 1,699 72,900 SH Other 01 72,900
McKesson HBOC Inc COM 58155Q103 20,399 635,000 SH Other 01 635,000
McKesson HBOC Inc COM 58155Q103 4,819 150,000 SH CALL Other 01 150,000
Mediaone Group Inc. COM 58440J104 26,187 352,100 SH Other 01 352,100
Midas Group Inc COM 595626102 4,143 146,000 SH Other 01 146,000
Momentum Business Apps CL A 60877P108 3,672 515,374 SH Other 01 515,374
Inc
Mosaix Inc COM 619454101 1,679 130,400 SH Other 01 130,400
Nab Asset Corp Com 628712200 195 283,832 SH Other 01 283,832
Par $0.10
Nalco Chem Co COM 629853102 33,964 654,725 SH Other 01 654,725
New England Elec sys COM 644001109 13,905 277,400 SH Other 01 277,400
Newell Rubbermaid Inc COM 651229106 24,153 519,411 SH Other 01 519,411
Nexstar Phamaceuticals COM 65333B106 23,735 1,205,600 SH Other 01 1,205,600
Inc
Niagara Mohawk Pwr Corp COM 653522102 7,357 458,000 SH Other 01 458,000
North Carolina Nat. Gas COM 658221106 3,311 97,200 SH Other 01 97,200
Corp
Northwestern Stl & Wire COM 668367204 646 738,700 SH Other 01 738,700
Co New
Oshap Technologies Ltd ORD 671039105 4,399 345,000 SH Other 01 345,000
Outdoor Sys Inc COM 690057104 20,330 557,000 SH Other 01 557,000
Pacificorp COM 695114108 70,705 3,847,900 SH Other 01 3,847,900
Panamsat Corp New COM 697933109 6,423 165,500 SH Other 01 165,500
Parexel Intl Corp COM 699462107 5,096 382,800 SH Other 01 382,800
Paymentech Inc. COM 704384106 31,389 1,237,000 SH Other 01 1,237,000
PennzEnergy Co COM 70931Q109 9,706 606,600 SH Other 01 606,600
Pool Energy Svcs Co COM 732788104 12,031 592,300 SH Other 01 592,300
Public Svc Co N C Inc COM 744516105 325 11,100 SH Other 01 11,100
Quintile Transnational COM 748767100 3,355 80,000 SH Other 01 80,000
Corp
Raychem Corp Del COM 754603108 95,736 2,587,463 SH Other 01 2,587,463
Rental Service Corp COM 76009V102 673 23,500 SH Other 01 23,500
Republic N Y Corp COM 760719104 39,303 576,400 SH Other 01 576,400
Rohn Inds Inc COM 775381106 561 408,000 SH Other 01 408,000
Rubios Restaurants Inc COM 78116B102 10,067 652,111 SH Other 01 652,111
St. John Knits Inc COM 790289102 12,683 433,600 SH Other 01 433,600
Saville Sys PLC Sponsored 805174109 4,164 287,200 SH Other 01 287,200
ADR
Scios Inc COM 808905103 845 260,000 SH Other 01 260,000
Sealed Air Corp New PFD 81211K209 48,657 778,506 SH Other 01 778,506
C V A $2
Solutia Inc COM 834376105 11,347 532,400 SH Other 01 532,400
Spiros Dev Corp II Inc Unit Ex 848935201 9,947 1,120,800 SH Other 01 1,120,800
/ Dura 123102
Superior Svcs Inc COM 868316100 28,140 1,056,900 SH Other 01 1,056,900
TCA Cable TV Inc COM 872241104 3,212 58,000 SH Other 01 58,000
Telephone & Data Sys Inc COM 879433100 11,237 153,800 SH Other 01 153,800
Transamerica Corp COM 893485102 90,532 1,207,100 SH Other 01 1,207,100
UGI Corp New COM 902681105 4,698 232,700 SH Other 01 232,700
Usec Inc COM 90333E108 2,960 199,000 SH Other 01 199,000
United Sts Satellite CL A 912534104 2,559 142,200 SH Other 01 142,200
United Stationers Inc COM 913004107 38,410 1,745,900 SH Other 01 1,745,900
Varian Inc COM 922206107 1,236 92,000 SH Other 01 92,000
Vesta Ins Group Inc COM 925391104 523 113,100 SH Other 01 113,100
Vlasic Foods Intl Inc COM 928559103 4,600 629,100 SH Other 01 629,100
Vodafone Group PLC Sponsored 92857T107 154,862 786,105 SH Other 01 786,105
Adr
Wyman Gordon Co COM 983085101 13,239 685,500 SH Other 01 685,500
Axogen Ltd COM G0690R108 23,553 750,700 SH Other 01 750,700
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