13F holdings as of 2025-12-31 · vs 2025-09-30 · long US-listed positions only
| # | Holding | Shares | Value | % of 13F | QoQ Δ | |
|---|---|---|---|---|---|---|
| 1 | LLYELI LILLY & CO | 105K | $113.3M | 5.8% | +$32.9M | |
| 2 | RVMDREVOLUTION MEDICINES INC | 1.3M | $106.4M | 5.5% | +$44.0M | |
| 3 | ARGXARGENX SE | TRIM | 103K | $86.8M | 4.5% | -$18.5M |
| 4 | TVTXTRAVERE THERAPEUTICS INC | ADD | 2.2M | $84.5M | 4.3% | +$32.7M |
| 5 | MDGLMADRIGAL PHARMACEUTICALS INC | ADD | 140K | $81.3M | 4.2% | +$18.1M |
| 6 | RYTMRHYTHM PHARMACEUTICALS INC | TRIM | 695K | $74.4M | 3.8% | +$2.0M |
| 7 | EXKEXACT SCIENCES CORP | ADD | 602K | $61.1M | 3.1% | +$28.6M |
| 8 | MIRMMIRUM PHARMACEUTICALS INC | ADD | 762K | $60.2M | 3.1% | +$4.4M |
| 9 | INSMINSMED INC | TRIM | 319K | $55.6M | 2.9% | +$118K |
| 10 | GPCRSTRUCTURE THERAPEUTICS INC | TRIM | 748K | $52.0M | 2.7% | +$25.4M |
| 11 | ISRGINTUITIVE SURGICAL INC | 82K | $46.4M | 2.4% | +$9.8M | |
| 12 | CDTXCIDARA THERAPEUTICS INC | TRIM | 205K | $45.3M | 2.3% | +$21.4M |
| 13 | ASNDUSDASCENDIS PHARMA A/S | TRIM | 204K | $43.4M | 2.2% | +$750K |
| 14 | IRTCIRHYTHM HOLDINGS INC | 235K | $41.7M | 2.1% | +$1.3M | |
| 15 | KYMRKYMERA THERAPEUTICS INC | ADD | 497K | $38.7M | 2.0% | +$13.2M |
| 16 | BSXBOSTON SCIENTIFIC CORP | ADD | 399K | $38.0M | 2.0% | +$2.9M |
| 17 | PENPENUMBRA INC | 121K | $37.5M | 1.9% | +$6.9M | |
| 18 | XENEXENON PHARMACEUTICALS INC | TRIM | 788K | $35.3M | 1.8% | +$1.1M |
| 19 | SRRKSCHOLAR ROCK HLDG CORP | TRIM | 733K | $32.3M | 1.7% | +$2.7M |
| 20 | COGTCOGENT BIOSCIENCES INC | TRIM | 849K | $30.2M | 1.5% | +$15.7M |
| 21 | RAREULTRAGENYX PHARMACEUTICAL IN | ADD | 1.3M | $29.1M | 1.5% | -$8.3M |
| 22 | VERAVERA THERAPEUTICS INC | TRIM | 569K | $28.8M | 1.5% | +$10.9M |
| 23 | ALNYALNYLAM PHARMACEUTICALS INC | TRIM | 71K | $28.3M | 1.5% | -$5.5M |
| 24 | AM6AMICUS THERAPEUTIC | TRIM | 1.9M | $27.5M | 1.4% | +$12.1M |
| 25 | XBISPDR SERIES TRUST | ADD | 222K | $27.1M | 1.4% | +$11.9M |
| 26 | THCTENET HEALTHCARE CORP | 125K | $24.8M | 1.3% | -$540K | |
| 27 | DXCMDEXCOM INC | ADD | 347K | $23.1M | 1.2% | +$1.7M |
| 28 | AGIOAGIOS PHARMACEUTICALS INC | TRIM | 799K | $21.8M | 1.1% | -$16.7M |
| 29 | TARSTARSUS PHARMACEUTICALS INC | TRIM | 260K | $21.3M | 1.1% | +$4.2M |
| 30 | CMPXCOMPASS THERAPEUTICS INC | TRIM | 3.9M | $21.1M | 1.1% | +$5.4M |
| 31 | NEWAMSTERDAM PHARMA COMPANY | TRIM | 557K | $19.5M | 1.0% | +$2.6M |
| 32 | AZTAAZENTA INC | ADD | 569K | $18.9M | 1.0% | +$3.4M |
| 33 | CLDXCELLDEX THERAPEUTICS INC NEW | TRIM | 693K | $18.8M | 1.0% | +$143K |
| 34 | CAICARIS LIFE SCIENCES INC | TRIM | 688K | $18.5M | 1.0% | -$5.5M |
| 35 | ZBIOZENAS BIOPHARMA INC | TRIM | 502K | $18.2M | 0.9% | +$5.3M |
| 36 | DYNDYNE THERAPEUTICS INC | ADD | 913K | $17.9M | 0.9% | +$7.4M |
| 37 | NBIXNEUROCRINE BIOSCIENCES INC | ADD | 126K | $17.8M | 0.9% | +$5.2M |
| 38 | PHARVARIS N V | 623K | $17.3M | 0.9% | +$1.7M | |
| 39 | MLYSMINERALYS THERAPEUTICS INC | ADD | 428K | $15.5M | 0.8% | +$34K |
| 40 | PHRPHREESIA INC | ADD | 877K | $14.8M | 0.8% | -$2.8M |
| 41 | ZLABZAI LAB LTD | ADD | 812K | $14.3M | 0.7% | -$12.5M |
| 42 | DHRDANAHER CORP DEL | 62K | $14.1M | 0.7% | +$1.9M | |
| 43 | UNHUNITEDHEALTH GROUP INC | NEW | 41K | $13.5M | 0.7% | new |
| 44 | ARDXARDELYX INC | ADD | 2.3M | $13.4M | 0.7% | +$809K |
| 45 | ACRSACLARIS THERAPEUTICS INC | TRIM | 4.5M | $13.4M | 0.7% | +$4.6M |
| 46 | SMMTSUMMIT THERAPEUTICS INC | 710K | $12.4M | 0.6% | -$2.3M | |
| 47 | ELVNENLIVEN THERAPEUTICS INC | ADD | 798K | $12.3M | 0.6% | -$1.7M |
| 48 | INSPINSPIRE MED SYS INC | ADD | 131K | $12.1M | 0.6% | +$3.9M |
| 49 | OMDAOMADA HEALTH INC | TRIM | 740K | $11.7M | 0.6% | -$8.7M |
| 50 | SLNOEURSOLENO THERAPEUTICS INC | ADD | 247K | $11.4M | 0.6% | +$992K |
| 51 | ACLXGBXARCELLX INC | TRIM | 170K | $11.1M | 0.6% | -$3.6M |
| 52 | EVHEVOLENT HEALTH INC | TRIM | 2.7M | $10.7M | 0.5% | -$14.3M |
| 53 | GOSSGOSSAMER BIO INC | 3.3M | $10.1M | 0.5% | +$1.5M | |
| 54 | MBXMBX BIOSCIENCES INC | 283K | $8.9M | 0.5% | +$4.0M | |
| 55 | CNTACENTESSA PHARMACEUTICALS PLC | ADD | 324K | $8.1M | 0.4% | +$6.4M |
| 56 | HTFLHEARTFLOW INC | ADD | 278K | $8.1M | 0.4% | -$320K |
| 57 | BBIOBRIDGEBIO PHARMA INC | ADD | 104K | $7.9M | 0.4% | +$3.5M |
| 58 | REGNREGENERON PHARMACEUTICALS | TRIM | 10K | $7.8M | 0.4% | +$1.4M |
| 59 | IMNMIMMUNOME INC | NEW | 348K | $7.5M | 0.4% | new |
| 60 | RAPTRAPT THERAPEUTICS INC | NEW | 214K | $7.2M | 0.4% | new |
| 61 | BCAXBICARA THERAPEUTICS INC | ADD | 429K | $7.2M | 0.4% | +$1.4M |
| 62 | EWEDWARDS LIFESCIENCES CORP | TRIM | 83K | $7.0M | 0.4% | +$189K |
| 63 | GOSS 5 06/01/27GOSSAMER BIO INC | 9.6M | $6.6M | 0.3% | -$159K | |
| 64 | ATECALPHATEC HLDGS INC | 303K | $6.4M | 0.3% | +$2.0M | |
| 65 | AMLXAMYLYX PHARMACEUTICALS INC | 500K | $6.0M | 0.3% | -$755K | |
| 66 | TMOTHERMO FISHER SCIENTIFIC INC | 10K | $5.8M | 0.3% | +$944K | |
| 67 | JANXJANUX THERAPEUTICS INC | ADD | 359K | $5.0M | 0.3% | -$190K |
| 68 | SGRYSURGERY PARTNERS INC | NEW | 310K | $4.8M | 0.2% | new |
| 69 | EYPTEYEPOINT INC | ADD | 259K | $4.7M | 0.2% | +$4.3M |
| 70 | PTCTPTC THERAPEUTICS INC | NEW | 62K | $4.7M | 0.2% | new |
| 71 | AGILON HEALTH INC | TRIM | 6.5M | $4.5M | 0.2% | -$2.7M |
| 72 | MRSNMERSANA THERAPEUTICS INC | 153K | $4.4M | 0.2% | +$3.2M | |
| 73 | 430TERNS PHARMACEUTICALS INC | NEW | 108K | $4.4M | 0.2% | new |
| 74 | RCUSARCUS BIOSCIENCES INC | NEW | 180K | $4.3M | 0.2% | new |
| 75 | EDAPEDAP TMS S A | ADD | 1.3M | $4.2M | 0.2% | +$1.3M |
| 76 | OCULOCULAR THERAPEUTIX INC | ADD | 346K | $4.2M | 0.2% | +$691K |
| 77 | LENZLENZ THERAPEUTICS INC | ADD | 257K | $4.1M | 0.2% | -$6.9M |
| 78 | TLPHTALPHERA INC | 3.6M | $4.1M | 0.2% | +$886K | |
| 79 | SIONSIONNA THERAPEUTICS INC | 99K | $4.1M | 0.2% | +$1.2M | |
| 80 | THERAVANCE BIOPHARMA INC | NEW | 209K | $3.9M | 0.2% | new |
| 81 | ALKERMES PLC | ADD | 139K | $3.9M | 0.2% | +$699K |
| 82 | APLSUSDAPELLIS PHARMACEUTICALS INC | ADD | 151K | $3.8M | 0.2% | +$1.7M |
| 83 | INDIVIOR PLC | NEW | 105K | $3.8M | 0.2% | new |
| 84 | ERASERASCA INC | NEW | 952K | $3.5M | 0.2% | new |
| 85 | TNGXTANGO THERAPEUTICS INC | NEW | 387K | $3.4M | 0.2% | new |
| 86 | OLMAOLEMA PHARMACEUTICALS INC | NEW | 98K | $2.5M | 0.1% | new |
| 87 | CYTKCYTOKINETICS INC | NEW | 36K | $2.3M | 0.1% | new |
| 88 | PCVXVAXCYTE INC | ADD | 47K | $2.2M | 0.1% | +$1.8M |
| 89 | NGNENEUROGENE INC | 104K | $2.1M | 0.1% | +$341K | |
| 90 | JSPRJASPER THERAPEUTICS INC | 1.1M | $2.0M | 0.1% | -$605K | |
| 91 | ROIVANT SCIENCES LTD | NEW | 89K | $1.9M | 0.1% | new |
| 92 | CORTCORCEPT THERAPEUTICS INC | NEW | 50K | $1.7M | 0.1% | new |
| 93 | ACHCACADIA HEALTHCARE COMPANY IN | TRIM | 120K | $1.7M | 0.1% | -$2.5M |
| 94 | TEVATEVA PHARMACEUTICAL INDS LTD | NEW | 46K | $1.4M | 0.1% | new |
| 95 | MLTXMOONLAKE IMMUNOTHERAPEUTICS | ADD | 62K | $813K | 0.0% | +$611K |
| 96 | LEGNLEGEND BIOTECH CORP | NEW | 34K | $735K | 0.0% | new |
| 97 | JAZZ PHARMACEUTICALS PLC | NEW | 2K | $298K | 0.0% | new |
| 98 | NUVB/WSNUVATION BIO INC | 134K | $44K | 0.0% | +$17K |
Source: SEC Form 13F. Values are as-of 2025-12-31 (quarter-end), not live. Percentages are of reported 13F value, not the fund’s full AUM (13F excludes shorts, cash, bonds, most non-US holdings).