In a significant portfolio shift, Farallon Capital Management has completely sold off its stake in Charles Schwab (SCHW). The sale involved all 3.96 million shares held by the investment firm, which were valued at approximately $371.75 million at the end of the prior quarter. This holding previously accounted for 2.12% of Farallon's reported portfolio, making the exit a notable divestment.
This trade was disclosed in a quarterly 13F filing with the SEC, which reveals positions held as of June 30, 2026. Such filings are made public with a delay, so the transactions occurred at an unknown time during the second quarter. The disclosure comes as Charles Schwab reported record revenue and earnings for that same quarter, driven by a surge in retail trading activity and growth in client assets.