13F-HR 1 q3200213fhr.txt 13F HOLDINGS REPORT FORM 13F .......................... OMB Approval .......................... OMB Number: 3235-0006 Expires: October 31, 2000 Estimated average burden hours per response:.......24.7 .......................... UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 13F COVER PAGE Report for the Calendar Year of Quarter Ended: September 30, 2002 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: Mark C. Wehrly Managing Member (415) 421-2132 /s/ Mark C. Wehrly ------------------------ San Francisco, California November 14, 2002 Report Type: 13F Holdings Report Form 13 F Summary Page Report Summary Number of Other Included Managers 1 Form 13 F Information Table Entry Total: 134 Form 13 F Information Table Value Total: $ 2,362,670 (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.
Farallon Capital Management FORM 13F September 30, 2002 Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Voting Authority ---------------- Value Shares/ Sh/ Put/ Investment Other Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Discretion Managers Sole Share None -------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ----- ----- Agere Systems INC CL A 00845V100 7,663 6,966,817 SH Other 1 6,966,817 Agere Systems INC CL B 00845V209 4,324 4,367,277 SH Other 1 4,367,277 Agilent Tech Inc DBCV 3% 12/0 00846UAB7 24,804 29,750,000 PRN Other 1 29,750,000 Allied Waste Industries COM PAR$ .01NEW 019589308 19,354 2,633,200 SH Other 1 2,633,200 America Online Inc Del NOTE 12/0 02364JAC8 2,764 5,400,000 PRN Other 1 5,400,000 American Intl Group Inc CMN COM 026874107 15,171 277,345 SH Other 1 277,345 American Std Cos Inc Del. COM 029712106 5,249 82,500 SH Other 1 82,500 American Water Works Inc COM 030411102 121,703 2,725,100 SH Other 1 2,725,100 Amylin Pharmaceuticals Inc COM 032346108 70,339 4,232,200 SH Other 1 4,232,200 Arch Capital Group ORD G0450A105 17,013 609,800 SH Other 1 609,800 Argosy Gaming COM 040228108 17,629 767,800 SH Other 1 767,800 Astoria Financial Corp COM 046265104 1,769 72,500 SH Other 1 72,500 AT&T CDA Inc DEPS RCPT CL B 00207Q202 66,010 2,058,300 SH Other 1 2,058,300 Avaya Inc NOTE 10/3 053499AA7 13,733 60,200,000 PRN Other 1 60,200,000 Aviron NOTE 5.25% 2/0 053762AD2 8,417 9,199,000 PRN Other 1 9,199,000 Banco Latinoamericano DE Exp CL E P16994132 680 329,900 SH Other 1 329,900 Big City Radio COM 089098107 221 194,000 SH Other 1 194,000 Brookfield Properties Corp. COM 112900105 14,400 744,203 SH Other 1 744,203 Bruker Axs Inc. COM 11679P101 2,765 1,316,600 SH Other 1 1,316,600 Bruker Daltonics Inc. COM 116795105 6,174 1,208,300 SH Other 1 1,208,300 Capital Pacific Holdings Inc COM 14040M104 9,975 2,809,851 SH Other 1 2,809,851 Catalytica Energy Systems INC COM 148884109 7,913 2,280,338 SH Other 1 2,280,338 Cendant Corporation COM 151313103 2,326 216,197 SH Other 1 216,197 ChevronTexaco Corp COM 166764100 16,242 234,542 SH Other 1 234,542 City Investing Co Liq. Tr UNIT BEN INT 177900107 23,218 12,219,829 SH Other 1 12,219,829 CNA Financial Corp COM 126117100 15,167 606,700 SH Other 1 606,700 Companhia Vale Do Rio Doce SPON ADR 204412209 13,413 589,600 SH Other 1 589,600 COR Therapeutics NOTE 5% 3/0 217753AD4 182,451 171,517,000 PRN Other 1 171,517,000 COR Therapeutics '06 NOTE 4.5% 6/1 217753AG7 33,228 31,200,000 PRN Other 1 31,200,000 Crawford & Company CL A 224633206 61 11,700 SH Other 1 11,700 Cross Country Inc. COM 22748P105 140 10,000 SH Other 1 10,000 CSG Systems Intl Inc COM 126349109 5,445 499,500 SH Other 1 499,500 CTS Corp COM 126501105 2,242 487,400 SH Other 1 487,400 Cypress Semiconductor '05 4% NOTE 4% 2/0 232806AE9 27,344 34,750,000 PRN Other 1 34,750,000 D&E Communications Inc. COM 232860106 1,256 125,571 SH Other 1 125,571 Davita Inc (TRL) COM 23918k108 11,314 479,400 SH Other 1 479,400 Dress Barn Inc. COM 261570105 4,204 270,200 SH Other 1 270,200 Elan PLC W EXP 01/14/200 284131802 50 250,000 SH Other 1 250,000 Elan PLC W EXP 12/31/200 G29539155 27 1,374,400 SH Other 1 1,374,400 Elan PLC W EXP 08/31/200 G29539163 206 1,374,400 SH Other 1 1,374,400 Emcor Group COM 29084Q100 9,443 190,000 SH Other 1 190,000 Enterasys Networks Inc COM 293637104 1,038 798,500 SH Other 1 798,500 G & K Services Inc. CL A 361268105 20,632 609,500 SH Other 1 609,500 Gartner Inc. COM 366651107 11,005 1,358,600 SH Other 1 1,358,600 Gartner Inc. CL B 366651206 12,567 1,570,880 SH Other 1 1,570,880 General Maritime Corp SHS Y2692M103 6,670 1,058,723 SH Other 1 1,058,723 Golden State Bancorp Inc. COM 381197102 64,924 2,008,800 SH Other 1 2,008,800 Golden State Bancorp Inc. W EXP 99/99/999 381197136 9,896 9,079,038 SH Other 1 9,079,038 Golf Trust of America COM 38168B103 147 112,200 SH Other 1 112,200 Guidant Corp COM 401698105 3,393 105,000 SH Other 1 105,000 Halliburton Co. COM 406216101 1,807 140,000 SH Other 1 140,000 Health Net, Inc. COM 42222G108 59,717 2,784,000 SH Other 1 2,784,000 Hilton Hotels COM 432848109 16,055 1,410,800 SH Other 1 1,410,800 I2 Technologies '06 NOTE 5.25% 12/1 465754AF6 36,737 63,000,000 PRN Other 1 63,000,000 Inco ltd COM 453258402 964 60,000 SH Other 1 60,000 Innovative Solutions COM 45769N105 378 49,200 SH Other 1 49,200 Insurance Auto Auctions COM 457875102 27,612 1,827,300 SH Other 1 1,827,300 Intermagnetics General Corp COM 458771102 2,538 148,700 SH Other 1 148,700 International Game Technology COM 459902102 2,005 29,000 SH Other 1 29,000 Invitrogen Corp COM 46185R100 11,137 326,900 SH Other 1 326,900 Invitrogen Corp NOTE 2.25% 12/1 46185RAD2 10,457 13,000,000 PRN Other 1 13,000,000 Jack in the Box, Inc. COM 466367109 2,820 123,700 SH Other 1 123,700 Jo-Ann Stores Inc CL B NON VTG 47758P208 905 39,000 SH Other 1 39,000 Jones Lang Lasalle Inc COM 48020Q107 12,258 596,216 SH Other 1 596,216 Juniper Networks NOTE 4.75% 3/1 48203RAA2 15,083 22,366,000 PRN Other 1 22,366,000 Juno Lighting COM NEW 482047206 5,590 520,526 SH Other 1 520,526 Korn Ferry International COM 500643200 16,758 2,137,500 SH Other 1 2,137,500 KPMG Consulting Inc. COM 48265R109 1,515 234,500 SH Other 1 234,500 La Quinta Corp PAIRED CTF 50419U202 6,558 1,366,200 SH Other 1 1,366,200 Lam Research Corp COM 512807108 2,570 288,800 SH Other 1 288,800 Liberty Media COM SER A 530718105 14,360 2,000,000 SH Other 1 2,000,000 Ligand Pharm Inc CL B 53220K207 4,185 615,500 SH Other 1 615,500 Loews Corp CAROLNA GP STK 540424207 24,737 1,315,100 SH Other 1 1,315,100 Loews Corp. COM 540424108 56,735 1,322,800 SH Other 1 1,322,800 Martin Marietta Materials COM 573284106 16,624 510,400 SH Other 1 510,400 Maxtor Corp COM NEW 577729205 226 86,400 SH Other 1 86,400 Millenium Pharmaceuticals COM 599902103 2,699 289,634 SH Other 1 289,634 Molex Inc. CL A 608554200 5,596 266,500 SH Other 1 266,500 National Golf Properties Inc. COM 63623G109 1,617 140,600 SH Other 1 140,600 Network Associates Inc. COM 640938106 23,174 2,180,101 SH Other 1 2,180,101 Officemax Inc. COM 67622M108 24,426 5,986,800 SH Other 1 5,986,800 On Assignment Corp COM 682159108 10,631 1,285,500 SH Other 1 1,285,500 On Command Corp COM 682160106 312 624,000 SH Other 1 624,000 Packaging Dynamics Corp COM 695160101 2,127 376,500 SH Other 1 376,500 PayPal Inc. COM 704508100 27,138 1,327,300 SH Other 1 1,327,300 Penzoil Quaker State COM 709323109 78,385 3,567,800 SH Other 1 3,567,800 PG&E Corporation COM 69331C108 28,180 2,502,700 SH Other 1 2,502,700 Pharmacia Corp COM 71713U102 253,035 6,508,100 SH Other 1 6,508,100 Pilgrims Pride Corp- Cl A CL A 721467207 425 59,400 SH Other 1 59,400 Playtex Products COM 72813P100 4,255 500,000 SH Other 1 500,000 Potash Corp of Saskatchewan COM 73755l107 28,886 464,400 SH Other 1 464,400 Precision Castparts COM 740189105 2,159 99,600 SH Other 1 99,600 Providian Corp COM 74406A102 10,075 2,056,100 SH Other 1 2,056,100 Providian Finl Corp NOTE 02/1 74406AAB8 22,594 85,060,000 PRN Other 1 85,060,000 Pure Resources COM 74622E102 2,240 100,000 SH Other 1 100,000 Quantum Corp COM DSSG 747906204 1,304 590,200 SH Other 1 590,200 Quebecor World Inc. COM NON VTG 748203106 23,394 990,200 SH Other 1 990,200 Renal Treatment CTRS. Inc NOTE 5.625% 7/1 759671AC4 5,002 4,810,000 PRN Other 1 4,810,000 Riverstone Networks, Inc COM 769320102 158 309,900 SH Other 1 309,900 Royal Caribbean Cruises COM V7780T103 3,200 201,000 SH Other 1 201,000 Ruby Tuesday Inc. COM 781182100 1,326 70,600 SH Other 1 70,600 Sanmina-Sci Corp COM 800907107 2,127 767,992 SH Other 1 767,992 Sappi Ltd. (ADR) SPON ADR NEW 803069202 31,863 2,782,800 SH Other 1 2,782,800 Scripps Co. CL A 811054204 3,888 56,100 SH Other 1 56,100 Sealed Air Pfd PFD CV A $2 81211K209 18,075 821,601 SH Other 1 821,601 Sempra Energy COM 816851109 18,563 944,700 SH Other 1 944,700 Sepracor Inc NOTE 5.75% 11/1 817315AQ7 8,269 15,330,000 PRN Other 1 15,330,000 Sepracor Inc SDCV 5.0% 2/1 817315AL8 12,959 25,503,000 PRN Other 1 25,503,000 Sepracor Inc. SDCV 7.0% 12/1 817315AH7 13,319 19,250,000 PRN Other 1 19,250,000 Siebel Systems NOTE 5.5% 9/1 826170AC6 19,710 21,468,000 PRN Other 1 21,468,000 SINA com COM G81477104 324 150,000 SH Other 1 150,000 Starwood Hotels & Resorts PAIRED CTF 85590A203 36,964 1,657,600 SH Other 1 1,657,600 Station Casinos COM 857689103 35,617 2,093,900 SH Other 1 2,093,900 Sun Microsystems COM 866810104 2,635 1,017,500 SH Other 1 1,017,500 Symbol Technologies Inc. COM 871508107 3,451 450,000 SH Other 1 450,000 Syncor International Corp COM 87157J106 7,231 225,200 SH Other 1 225,200 Telecom Argentina STET-FRAN SPON ADR REP B 879273209 1,227 1,496,900 SH Other 1 1,496,900 TMP Worldwide COM 872941109 2,662 295,800 SH Other 1 295,800 Trammell Crow Co COM 89288R106 6,633 672,700 SH Other 1 672,700 Trizec Properties Inc. COM 89687P107 3,479 306,561 SH Other 1 306,561 TRW Inc. COM 872649108 85,483 1,460,000 SH Other 1 1,460,000 Tyco Intl LTD NEW COM 902124106 2,975 211,000 SH CALL Other 1 211,000 Unisys Corp COM 909214108 6,602 943,100 SH Other 1 943,100 United Stationers Inc COM 913004107 86,370 3,284,025 SH Other 1 3,284,025 Veritas Software Corp COM 923436109 7,942 539,900 SH Other 1 539,900 Veritas Software Corp NOTE 1.856% 8/1 92343RAA1 4,141 5,000,000 PRN Other 1 5,000,000 Vical Inc COM 925602104 519 224,700 SH Other 1 224,700 Wallace Computer Corp. COM 932270101 1,084 61,400 SH Other 1 61,400 Waste Management Inc COM 94106L109 21,275 912,300 SH Other 1 912,300 Waters Corp COM 941848103 33,729 1,390,900 SH Other 1 1,390,900 WebMD Corp COM 94769M105 15,490 3,067,300 SH Other 1 3,067,300 Wet Seal Inc. CL A 961840105 1,235 123,500 SH Other 1 123,500 Yankee Candle COM 984757104 27,640 1,609,800 SH Other 1 1,609,800 Zebra Technologies CL A 989207105 10,401 197,400 SH Other 1 197,400