13F-HR 1 fcm13fq32011.txt .......................... OMB Approval .......................... OMB Number: 3235-0006 Expires: August 31, 2012 Estimated average burden hours per response 23.5 .......................... UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Farallon Capital Management, L.L.C. Address: One Maritime Plaza Suite 2100 San Francisco, California 94111 Form 13F File Number: 28-03896 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: Name: Mark C. Wehrly Title: Managing Member Phone: (415) 421-2132 Signature, Place, and Date of Signing: /s/ Mark C. Wehrly San Francisco, California November [ ], 2011 ------------------- Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 3 Form 13F Information Table Entry Total: 71 Form 13F Information Table Value Total: $3,902,338 (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. Form 13F File Number Name 1 28-06372 Farallon Partners, L.L.C. 2 28-11402 Noonday Asset Management, L.P. 3 28-11404 Noonday G.P. (U.S.), L.L.C. FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- ------------ -------- --- ---- ------- -------- -------- ------- ------ ADVANCED ANALOGIC TECHNOLOGI COM 00752J108 2,160 498,902 SH OTHER 01 498,902 AMERICAN TOWER CORP CL A 029912201 39,274 730,000 SH OTHER 01 730,000 ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 22,333 421,530 SH OTHER 01 421,530 BAXTER INTL INC COM 071813109 40,140 715,000 SH OTHER 01 715,000 BEACON ROOFING SUPPLY INC COM 073685109 6,556 410,000 SH OTHER 01 410,000 BLACKBOARD INC COM 091935502 30,248 677,291 SH OTHER 01 677,291 BP PLC SPONSORED ADR 055622104 64,746 1,795,000 SH OTHER 01 1,795,000 CAPITALSOURCE INC NOTE 7.250% 7/1 14055XAG7 41,871 41,000,000 PRN OTHER 01 41,000,000 CARMAX INC COM 143130102 2,934 123,000 SH OTHER 01 123,000 CHEVRON CORP NEW COM 166764100 28,379 306,500 SH PUT OTHER 01 306,500 CHIQUITA BRANDS INTL INC COM 170032809 7,116 853,210 SH OTHER 01 853,210 CNINSURE INC. SPONSORED ADR 18976M103 560 80,000 SH OTHER 01 80,000 COMCAST CORP NEW CL A 20030N101 143,897 6,885,000 SH OTHER 01 6,885,000 CROWN CASTLE INTL CORP COM 228227104 37,416 920,000 SH OTHER 01 920,000 CVS CAREMARK CORPORATION COM 126650100 43,365 1,291,400 SH OTHER 01 1,291,400 DOLE FOOD CO INC NEW COM 256603101 4,100 410,000 SH OTHER 01 410,000 EBAY INC COM 278642103 4,969 168,510 SH OTHER 01 168,510 ENCANA CORP COM 292505104 13,673 711,760 SH OTHER 01 711,760 ENERGY PARTNERS LTD COM NEW 29270U303 15,731 1,421,073 SH OTHER 01 1,421,073 EXPEDIA INC DEL COM 30212P105 60,255 2,340,000 SH OTHER 01 2,340,000 EXXON MOBIL CORP COM 30231G102 27,672 381,000 SH PUT OTHER 01 381,000 FEI CO COM 30241L109 26,459 883,140 SH OTHER 01 883,140 FIDELITY NATL INFORMATION SV COM 31620M106 61,408 2,525,000 SH OTHER 01 2,525,000 FLIR SYS INC COM 302445101 3,543 141,450 SH OTHER 01 141,450 FRESH DEL MONTE PRODUCE INC ORD G36738105 7,695 331,690 SH OTHER 01 331,690 FUEL SYS SOLUTIONS INC COM 35952W103 6,608 344,000 SH OTHER 01 344,000 GENERAL DYNAMICS CORP COM 369550108 119,753 2,105,000 SH OTHER 01 2,105,000 GEOEYE INC COM 37250W108 22,696 800,579 SH OTHER 01 800,579 GLOBAL INDS LTD DBCV 2.750% 8/0 379336AE0 15,695 16,082,000 PRN OTHER 01 16,082,000 GOODRICH CORP COM 382388106 147,833 1,225,000 SH OTHER 01 1,225,000 GOOGLE INC CL A 38259P508 127,309 247,500 SH OTHER 01 247,500 HCA HOLDINGS INC COM 40412C101 10,786 535,000 SH OTHER 01 535,000 HOME DEPOT INC COM 437076102 69,356 2,110,000 SH OTHER 01 2,110,000 HORSEHEAD HLDG CORP COM 440694305 1,525 205,500 SH OTHER 01 205,500 HUDSON PAC PPTYS INC COM 444097109 119,020 10,233,860 SH OTHER 01 10,233,860 KINETIC CONCEPTS INC COM NEW 49460W208 54,689 830,000 SH OTHER 01 830,000 KNOLOGY INC COM 499183804 46,564 3,587,394 SH OTHER 01 3,587,394 LIFE TECHNOLOGIES CORP COM 53217V109 20,263 527,260 SH OTHER 01 527,260 LINKTONE LTD ADR 535925101 1,023 1,279,000 SH OTHER 01 1,279,000 LPL INVT HLDGS INC COM 50213H100 27,697 1,089,587 SH OTHER 01 1,089,587 MEDCO HEALTH SOLUTIONS INC COM 58405U102 84,402 1,800,000 SH OTHER 01 1,800,000 MI DEVS INC COM 55304X104 37,977 1,430,413 SH OTHER 01 1,430,413 MICROSOFT CORP COM 594918104 112,378 4,515,000 SH OTHER 01 4,515,000 MOTOROLA MOBILITY HLDGS INC COM 620097105 399,146 10,565,000 SH OTHER 01 10,565,000 NALCO HOLDING COMPANY COM 62985Q101 165,246 4,724,000 SH OTHER 01 4,724,000 NETLOGIC MICROSYSTEMS INC COM 64118B100 49,433 1,027,500 SH OTHER 01 1,027,500 NEWS CORP CL A 65248E104 99,936 6,460,000 SH OTHER 01 6,460,000 NYSE EURONEXT COM 629491101 5,636 242,500 SH OTHER 01 242,500 ORACLE CORP COM 68389X105 129,043 4,490,000 SH OTHER 01 4,490,000 OWENS ILL INC COM NEW 690768403 153,679 10,163,949 SH OTHER 01 10,163,949 POTASH CORP SASK INC COM 73755L107 9,037 209,100 SH OTHER 01 209,100 PROGRESSIVE WASTE SOLUTIONS COM 74339G101 66,949 3,253,100 SH OTHER 01 3,253,100 ROPER INDS INC NEW COM 776696106 4,238 61,500 SH OTHER 01 61,500 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 13,473 219,000 SH PUT OTHER 01 219,000 SANOFI RIGHT 12/31/2020 80105N113 4,823 4,550,000 SH OTHER 01 4,550,000 SAVIENT PHARMACEUTICALS INC COM 80517Q100 1,230 300,000 SH OTHER 01 300,000 SCHWAB CHARLES CORP NEW COM 808513105 45,587 4,045,000 SH OTHER 01 4,045,000 SOUTHERN UN CO NEW COM 844030106 47,057 1,159,900 SH OTHER 01 1,159,900 STATE STR CORP COM 857477103 151,393 4,707,500 SH OTHER 01 4,707,500 TARGET CORP COM 87612E106 135,105 2,755,000 SH OTHER 01 2,755,000 TATA MTRS LTD SPONSORED ADR 876568502 5,798 377,014 SH OTHER 01 377,014 TEMPLE INLAND INC COM 879868107 44,859 1,430,000 SH OTHER 01 1,430,000 TENET HEALTHCARE CORP COM 88033G100 16,861 4,082,500 SH OTHER 01 4,082,500 TOWN SPORTS INTL HLDGS INC COM 89214A102 29,476 4,060,082 SH OTHER 01 4,060,082 TRANSDIGM GROUP INC COM 893641100 64,552 790,399 SH OTHER 01 790,399 UNION PAC CORP COM 907818108 91,634 1,122,000 SH OTHER 01 1,122,000 VARIAN SEMICONDUCTOR EQUIPMN COM 922207105 70,934 1,160,000 SH OTHER 01 1,160,000 VIACOM INC NEW CL B 92553P201 72,483 1,871,000 SH OTHER 01 1,871,000 VISA INC COM CL A 92826C839 142,110 1,657,837 SH OTHER 01 1,657,837 WELLPOINT INC COM 94973V107 48,307 740,000 SH OTHER 01 740,000 WELLS FARGO & CO NEW COM 949746101 72,239 2,995,000 SH OTHER 01 2,995,000