UPDATE 2-Farallon adds shares in Alcon, Oracle, Schwab

* Hedge fund had listed XTO as biggest holding

* Alcon Inc stake worth $157 million on June 30-filing
(Adds background and context around Alcon and XTO shares, link
to table on holdings)

BOSTON, Aug 16 (BestGrowthStock) – Hedge fund Farallon Capital
Management LLC listed bigger stakes in Oracle Corp (ORCL.O: ) and
Charles Schwab Corp (SCHW.N: ) in a securities filing on Monday,
as well as a major new stake in Alcon Inc (ACL.N: ).

Monday’s filing listed as Farallon’s biggest position the
1.1 million shares it held in U.S. eyecare products maker
Alcon, worth $157 million. Swiss drugmaker Novartis AG
(NOVN.VX: ) is buying the company.

Known for its stock-picking, San Francisco-based Farallon
manages more than $20 billion for institutions and high net
worth individuals.

It is led by co-managing directors Thomas Steyer and Andrew
Spokes. But according to reports it has been reorganizing
itself after the departure of several high-profile managers
recently to focus more on high-yield debt and bets on companies
involved in mergers.

For a table on Farallon’s new holdings, click on

The new holdings in Alcon would seem to fit that strategy,
as would its past bet on Texas oil and gas company XTO Energy
Inc, in which it owned 15.8 million shares as of March 31,
worth $745 million, its largest holding at the time. Exxon
Mobil Corp (XOM.N: ) bought XTO earlier this year, however, and
the Farallon filing now lists it owning only 402,800 shares of
Exxon Mobil worth $23 million as of June 30.

Farallon also raised its stake in Oracle Corp (ORCL.O: ) to
4.3 million shares, worth $91 million as of June 30. In the
first quarter, it owned 3.5 million shares, worth $89 million,
in the world’s third-largest software maker.

Other big positions as of June 30 included 7 million shares
in Charles Schwab, up from 3.6 million before, and 3.1 million
new shares in Viacom Inc (VIAb.N: ).

Large investors like Farallon must report their holdings of
U.S.-listed securities at the end of each quarter, but not
short positions or holdings of other securities, such as bonds
and over-the-counter derivatives contracts. Investors may
exclude stocks they are trading or have moved to other funds.
(Reporting by Ross Kerber. Editing by Robert MacMillan and
Gerald E. McCormick)

UPDATE 2-Farallon adds shares in Alcon, Oracle, Schwab