Thomas Fahr Steyer is the founder and Co-Senior Managing Partner of Farallon Capital Management, LLC and the co-founder of the One California Bank, an Oakland-based community development bank. He is an American asset manager, philanthropist and environmentalist. The firm manages equity capital for institutions and high net worth individuals. Farallon’s institutional investors are primarily college endowments and foundations. Farallon employs approximately 165 people in six offices globally, including its headquarters in San Francisco, California.
Below we compiled a list of Tom Steyer’s large cap stock picks that have at least 3% dividend yield.
Microsoft Corporation develops, licenses, and supports a range of software products and services for various computing devices worldwide. It had a dividend yield of 3.05% and lost 1.75% since the beginning of this year. It has a market cap of $225.79 billion and a P/E ratio of 10.02. Steyer held an $83 million position in MSFT shares. Ken Fisher had $464 million invested in MSFT at the end of June. Bill Miller also held a $241 million position in MSFT.
General Dynamics Corporation provides business aviation, combat vehicles, weapons systems and munitions, military and commercial shipbuilding, and communications and information technology products and services worldwide. It had a dividend yield of 3.16% and lost 10.54% since the beginning of this year. It has a market cap of $22.31 billion and a P/E ratio of 8.79. Steyer held a $102 million position in GD shares. Jim Simons initiated a brand new $23 million position in GD during the second quarter.
Encana Corporation engages in the exploration for, development, production, and marketing of natural gas and natural gas liquids primarily in Canada and the United States. It had a dividend yield of 4.21% and lost 32.32% since the beginning of this year. It has a market cap of $14.69 billion and a P/E ratio of 20.36. Steyer held a $22 million position in ECA shares. Martin Whitman had $148 million invested in ECA shares at the end of June.
BP Plc provides fuel for transportation, energy for heat and light, retail services, and petrochemicals products. It had a dividend yield of 4.53% and lost 8.5% since the beginning of this year. It has a market cap of $128.32 billion and a P/E ratio of 6.47. Steyer initiated an $80 million position in BP shares. Seth Klarman also initiated a brand new $244 million position in BP shares during the second quarter.
NYSE Euronext, through its subsidiaries, operates securities exchanges. It operates various stock exchanges, including the New York Stock Exchange (NYSE), NYSE Arca, Inc., and NYSE Amex LLC in the United States; and five European-based exchanges that comprise Euronext N.V. It had a dividend yield of 4.92% and lost 9.25% since the beginning of this year. It has a market cap of $6.97 billion and a P/E ratio of 12.25. Steyer initiated an $8 million position in NYX shares. John Paulson also initiated a brand new $103 million position in NYX during the second quarter.
Sanofi-Aventis engages in the discovery, development, and distribution of therapeutic solutions to improve the lives of everyone. The company offers a range of healthcare assets, including a broad-based product portfolio in prescription drugs, OTC/OTX, generics, vaccines, and animal health. It had a dividend yield of 5.36% and returned 9.93% since the beginning of this year. It has a market cap of $92.19 billion and a P/E ratio of 15.19. Steyer initiated a $13 million position in SNY shares. Ken Fisher doubled his position in SNY and had $593 million invested in SNY at the end of June. Warren Buffett had $163 million invested in SNY.
