13F-HR 1 faralloncm-13_hrq32005.txt .......................... OMB Approval .......................... OMB Number: 3235-0006 Expires: December 31, 2006 Estimated average burden hours per response....22.8 .......................... UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year of Quarter Ended: September 30, 2005 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, 2005 Report Type: 13F Combination Report List of Other Managers Reporting for this Manager: Noonday Asset Management, L.P. Form 13F File Number: 28-11402 Form 13 F Summary Page Report Summary Number of Other Included Managers 1 Form 13 F Information Table Entry Total: 94 Form 13 F Information Table Value Total: $ 3,577,067 (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. FORM 13F INFORMATION TABLE Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 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 ------------------------------------------------------------------------------------------------------------------------------------ AFFORDABLE RESIDENTIAL CMTYS COM 008273104 29,691 2,936,800 SH OTHER 01 2,936,800 AMYLIN PHARMACEUTICALS INC NOTE 2.250% 6/3 032346AB4 17,705 15,000,000 PRN OTHER 01 15,000,000 AMYLIN PHARMACEUTICALS INC COM 032346108 142,938 4,108,600 SH OTHER 01 4,108,600 AON CORP COM 037389103 14,548 453,500 SH OTHER 01 453,500 ARAMARK CORP CL B 038521100 16,002 599,100 SH OTHER 01 599,100 ARBOR RLTY TR INC COM 038923108 14,146 503,400 SH OTHER 01 503,400 ARCH CAP GROUP LTD ORD G0450A105 55,327 1,115,688 SH OTHER 01 1,115,688 ATHEROGENICS INC COM 047439104 54,502 3,400,000 SH OTHER 01 3,400,000 B & G FOODS INC NEW UNIT 99/99/9999 05508R205 765 60,500 SH OTHER 01 60,500 BEDFORD PPTY INVS INC COM PAR $0.02 076446301 9,059 380,000 SH OTHER 01 380,000 BEST BUY INC COM 086516101 23,014 528,700 SH OTHER 01 528,700 BEST BUY INC COM 086516101 3,265 75,000 CALL OTHER 01 75,000 CAPITALSOURCE INC COM 14055X102 501,327 22,996,646 SH OTHER 01 22,996,646 CASCADE MICROTECH INC COM 147322101 5,723 425,200 SH OTHER 01 425,200 CASELLA WASTE SYS INC CL A 147448104 15,467 1,178,002 SH OTHER 01 1,178,002 CENTRAL PKG CORP COM 154785109 721 48,200 SH OTHER 01 48,200 CHIRON CORP DBCV 1.625% 8/0 170040ag4 7,825 8,000,000 PRN OTHER 01 8,000,000 CIRCUIT CITY STORE INC COM 172737108 97,108 5,659,000 SH OTHER 01 5,659,000 CITADEL BROADCASTING CORP NOTE 1.875% 2/1 17285TAB2 21,210 27,040,000 PRN OTHER 01 27,040,000 CITIGROUP INC COM 172967101 149,647 3,287,500 SH OTHER 01 3,287,500 CITY INVESTING CO LIQ TR UNIT BEN INT 177900107 1,772 12,655,658 SH OTHER 01 12,655,658 COMCAST CORP NEW CL A SPL 20030N200 26,758 929,734 SH OTHER 01 929,734 COMPANIA ANONIMA NACIONL TEL SPON ADR D 204421101 5,467 389,700 SH OTHER 01 389,700 CORRECTIONS CORP AMER NEW COM NEW 22025Y407 70,229 1,769,000 SH OTHER 01 1,769,000 COUNTRYWIDE FINANCIAL CORP COM 222372104 91,361 2,770,200 SH OTHER 01 2,770,200 CUBIST PHARMACEUTICALS INC COM 229678107 27,469 1,275,255 SH OTHER 01 1,275,255 CV THERAPEUTICS INC NOTE 3.250% 8/1 126667AG9 1,982 1,667,000 PRN OTHER 01 1,667,000 CV THERAPEUTICS INC COM 126667104 26,592 994,100 SH OTHER 01 994,100 CYPRESS SEMICONDUCTOR CORP NOTE 1.250% 6/1 232806AH2 16,272 13,900,000 PRN OTHER 01 13,900,000 D & E COMMUNICATIONS INC COM 232860106 3,147 346,157 SH OTHER 01 346,157 DICKS SPORTING GOODS INC COM 253393102 24,145 801,900 SH OTHER 01 801,900 DISCOVERY HOLDING CO CL A COM 25468Y107 9,956 689,922 SH OTHER 01 689,922 DUN & BRADSTREET CORP DEL NE COM 26483E100 20,683 314,000 SH OTHER 01 314,000 FAIRPOINT COMMUNICATIONS INC COM 305560104 19,019 1,300,000 SH OTHER 01 1,300,000 FEDERAL HOME LN MTG CORP COM 313400301 25,441 450,600 SH OTHER 01 450,600 FTD GROUP INC COM 30267U108 10,333 998,400 SH OTHER 01 998,400 GOLF TR AMER INC COM 38168B103 157 112,200 SH OTHER 01 112,200 GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 38,806 541,150 SH OTHER 01 541,150 HARRAHS ENTMT INC COM 413619107 83,482 1,280,600 SH OTHER 01 1,280,600 HAYES LEMMERZ INTL INC COM NEW 420781304 3,803 848,800 SH OTHER 01 848,800 HERCULES TECH GROWTH CAP INC COM 427096508 10,312 808,760 SH OTHER 01 808,760 HIBERNIA CORP CL A 428656102 57,873 1,926,520 SH OTHER 01 1,926,520 HOUSTON EXPL CO COM 442120101 8,164 121,400 SH OTHER 01 121,400 INTERNATIONAL GAME TECHNOLOG COM 459902102 10,125 375,000 SH OTHER 01 375,000 ISHARES RUSL 2000 COM 464287655 515,937 7,771,300 PUT OTHER 01 7,771,300 ISIS PHARMACEUTICALS INC COM 464330109 13,267 2,919,118 SH OTHER 01 2,919,118 ITT EDUCATIONAL SERVICES INC COM 45068B109 4,062 82,300 SH OTHER 01 82,300 KKR FINL CORP COM 482476306 10,431 469,000 SH OTHER 01 469,000 KNOLOGY INC COM 499183804 2,804 1,066,000 SH OTHER 01 1,066,000 LEAP WIRELESS INTL INC COM NEW 521863308 68,883 1,956,900 SH OTHER 01 1,956,900 LIBERTY MEDIA CORP NEW COM SER A 530718105 44,184 5,488,700 SH OTHER 01 5,488,700 LINKTONE LTD ADR 535925101 6,799 622,650 SH OTHER 01 622,650 LSI LOGIC CORP NOTE 4.000%11/0 502161AG7 9,856 9,900,000 PRN OTHER 01 9,900,000 MAGNA ENTMT CORP CL A 559211107 11,955 1,795,000 SH OTHER 01 1,795,000 MBNA Corp. COM 55262L100 19,466 790,000 SH OTHER 01 790,000 MEDICINES CO COM 584688105 19,616 852,500 SH OTHER 01 852,500 MENTOR GRAPHICS CORP NOTE 6.875% 6/1 587200AB2 1,001 1,000,000 PRN OTHER 01 1,000,000 MI DEVS INC CL A SUB VTG 55304X104 23,794 705,000 SH OTHER 01 705,000 MICROSOFT CORP COM 594918104 22,236 864,200 SH OTHER 01 864,200 MONOGRAM BIOSCIENCES INC COM 60975U108 4,869 2,072,065 SH OTHER 01 2,072,065 MONTPELIER RE HOLDINGS LTD SHS G62185106 1,243 50,000 SH OTHER 01 50,000 MTR GAMING GROUP INC COM 553769100 11,044 1,378,780 SH OTHER 01 1,378,780 MULTIMEDIA GAMES INC COM 625453105 10,632 1,095,000 SH OTHER 01 1,095,000 NEIMAN MARCUS GROUP INC CL A 640204202 15,512 155,200 SH OTHER 01 155,200 NEWS CORP CL A 65248E104 100,889 6,471,400 SH OTHER 01 6,471,400 NRG ENERGY INC COM NEW 629377508 3,195 75,000 SH OTHER 01 75,000 PANAMSAT HLDG CORP COM 69831Y105 10,527 435,000 SH OTHER 01 435,000 PHARMACYCLICS INC COM 716933106 16,150 1,790,500 SH OTHER 01 1,790,500 PHH CORP COM NEW 693320202 92,938 3,384,500 SH OTHER 01 3,384,500 PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604 11,921 391,500 SH OTHER 01 391,500 PT INDOSAT TBK SPONSORED ADR 744383100 28,683 1,147,300 SH OTHER 01 1,147,300 PUTNAM PREMIER INCOME TR SH BEN INT 746853100 12,480 2,000,000 SH OTHER 01 2,000,000 QUANTA CAPITAL HLDGS LTD SHS G7313F106 1,180 196,700 SH OTHER 01 196,700 QUANTUM CORP COM DSSG 747906204 676 218,800 SH OTHER 01 218,800 R & G FINANCIAL CORP CL B 749136107 1,870 136,000 SH OTHER 01 136,000 ROGERS COMMUNICATIONS INC CL B 775109200 42,412 1,077,900 SH OTHER 01 1,077,900 SAPPI LTD SPON ADR NEW 803069202 22,106 1,875,000 SH OTHER 01 1,875,000 SEALED AIR CORP NEW COM 81211K100 56,952 1,200,000 SH OTHER 01 1,200,000 SIEBEL SYS INC COM 826170102 31,656 3,064,426 SH OTHER 01 3,064,426 SINA CORP NOTE 7/1 82922RAB9 85,395 68,000,000 PRN OTHER 01 68,000,000 SOHU COM INC NOTE 7/1 83408WAC7 6,650 7,500,000 PRN OTHER 01 7,500,000 SOUTHWEST AIRLS CO COM 844741108 7,425 500,000 SH OTHER 01 500,000 SPIRIT FIN CORP COM 848568309 23,625 2,100,000 SH OTHER 01 2,100,000 SPRINT CORP COM FON 852061100 64,264 2,702,436 SH OTHER 01 2,702,436 STATE STR CORP COM 857477103 15,395 314,700 SH OTHER 01 314,700 SYMANTEC CORP COM 871503108 30,138 1,330,019 SH OTHER 01 1,330,019 TELE CENTRO OESTE CELULAR S SPON ADR PFD 87923P105 4,312 475,900 SH OTHER 01 475,900 TELEWEST GLOBAL INC COM 87956T107 32,663 1,423,244 SH OTHER 01 1,423,244 TELIK INC COM 87959M109 43,521 2,660,200 SH OTHER 01 2,660,200 VALOR COMMUNICATIONS GROUP I COM 920255106 8,365 613,700 SH OTHER 01 613,700 WAL MART STORES INC COM 931142103 116,123 2,650,000 SH OTHER 01 2,650,000 WASTE MGMT INC DEL COM 94106L109 6,646 232,300 SH OTHER 01 232,300 WELLPOINT INC COM 94973V107 75,085 990,300 SH OTHER 01 990,300 YANKEE CANDLE INC COM 984757104 32,896 1,342,700 SH OTHER 01 1,342,700