Farallon Capital Management has established a new position in The Charles Schwab Corporation, acquiring 3.96 million shares valued at approximately $371.75 million. The trade was disclosed in a quarterly 13F filing with the SEC, which reflects holdings as of March 31, 2026, and was made public on August 14. This new investment gives the prominent hedge fund a 2.12% weight in the financial services giant within its reported portfolio.
The investment period coincided with a strong first quarter for Schwab, which reported record net revenues of $6.5 billion, a 16% increase year-over-year, and a 30% rise in net income. The company also returned $2.4 billion to shareholders through buybacks during the quarter. Farallon has not publicly commented on the specific rationale for its investment.