[SCHEDULE 13G] Crinetics Pharmaceuticals, Inc. SEC Filing
Farallon Capital and affiliated funds disclosed collective holdings in Crinetics Pharmaceuticals (CRNX). The Schedule 13G shows multiple Farallon funds and related entities beneficially own reported positions in the issuer's common stock. The largest single reported beneficial owner line is 5,625,098 shares (6.0% of the class) attributable to the group of Farallon Individual Reporting Persons acting with shared voting and dispositive power. Other reported aggregates include 5,482,921 shares (5.8%) for Farallon Partners, L.L.C. and 3,305,391 shares (3.5%) for Farallon Healthcare Partners Master, L.P. Each reporting person reports 0 sole voting power and varying shared voting/dispositive power. The filing is made under Section 240.13d-1(c) and includes signed certifications dated 09/08/2025.
- Material disclosure of ownership: The filing reports a collective 5,625,098-share (6.0%) position, exceeding the 5% reporting threshold.
- Detailed entity mapping: Ownership is broken out by specific Farallon funds, general partners and individual reporting persons, improving transparency.
- Filing under Section 13(g): Indicates holdings are reported as passive, clarifying absence of an asserted intent to change control.
- None.
Insights
TL;DR: Farallon affiliates disclose a material passive stake in CRNX, exceeding 5% for the group, which is significant for shareholder composition.
Farallon and affiliated funds report combined beneficial ownership positions in Crinetics common stock with the group-level aggregation reaching 5,625,098 shares (6.0%). The Schedule 13G classification indicates the holdings are reported as passive under Section 13(g) rather than an intent to influence control. Reported holdings are allocated across multiple limited partnerships and general partner entities, with shared voting and dispositive powers reported rather than sole control. For investors, this clarifies ownership concentration and identifies an institutional holder with a stake above the 5% reporting threshold.
TL;DR: The filing organizes ownership across funds and managers, disclaims control while documenting shared voting/dispositive authority.
The filing carefully maps ownership through fund entities, general partner companies and named managing members, each of whom may be deemed beneficial owners of fund-held shares though disclaimers are included. The statement that the Reporting Persons neither disclaim nor affirm a group but file under Section 240.13d-1(c) is a conservative posture. Signatures and attorney-in-fact filings are present, demonstrating formal execution. The disclosure provides clarity on who holds investment discretion, useful for governance and proxy considerations.