First Turn Management, LLC

All Holdings — 2025 Q4

Portfolio Concentration Analytics: 7.6
Risk-based ENB:
Total Positions
41
Quarter
2025 Q4
Top Holding
ABVX (5.9%)
Top 10 Concentration
47.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 41
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
ABVX
ABIVAX SA
Healthcare 5.87% 3.72% #1 14
Prev: #15
4.4 89,413 30.6%
P
S
381,233 $51,411,176 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RVMD
REVOLUTION MEDI...
Healthcare 5.81% 4.51% #2 6
Prev: #8
2.3 -4,665 -0.7%
P
S
638,385 $50,847,365 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
INSM
INSMED INC
Healthcare 5.26% 6.91% #3 2
Prev: #1
2.2 -55,480 -17.3%
P
S
264,293 $45,997,554 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BBIO
BRIDGEBIO PHARM...
Healthcare 5.20% 4.60% #4 3
Prev: #7
4.1 5,744 1.0%
P
S
595,473 $45,547,730 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MIRM
MIRUM PHARMACEU...
Healthcare 4.35% 6.28% #5 3
Prev: #2
1.8 -89,005 -15.6%
P
S
481,564 $38,038,740 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AXSM
AXSOME THERAPEU...
Healthcare 4.32% 2.78% #6 12
Prev: #18
3.8 54,307 35.6%
P
S
206,921 $37,792,051 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NUVL
NUVALENT INC
Healthcare 4.24% 5.13% #7 2
Prev: #5
1.7 -26,057 -6.6%
P
S
368,697 $37,087,231 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
XENE
XENON PHARMACEU...
Healthcare 4.10% 4.82% #8 2
Prev: #6
1.6 no change no change
P
S
799,743 $35,844,481 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
APGE
APOGEE THERAPEU...
Healthcare 4.10% 2.40% #9 11
Prev: #20
3.7 72,028 17.9%
P
S
474,839 $35,840,848 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TERN
TERNS PHARMACEU...
Healthcare 4.03% #10
Prev: #—
3.6 872,049 no change
NEW
872,049 $35,230,780 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NAMS
NEWAMSTERDAM PH...
Healthcare 3.58% 3.06% #11 5
Prev: #16
3.5 176,502 24.6%
P
S
893,473 $31,343,033 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
UTHR
UNITED THERAPEU...
Healthcare 3.54% 5.37% #12 9
Prev: #3
1.5 -21,738 -25.5%
P
S
63,580 $30,979,355 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VERA
VERA THERAPEUTI...
Healthcare 3.48% 1.55% #13 14
Prev: #27
3.6 247,245 69.7%
P
S
601,774 $30,473,835 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
COGT
COGENT BIOSCIEN...
Healthcare 3.35% #14
Prev: #—
3.3 824,283 no change
NEW
824,283 $29,278,532 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ASND
ASCENDIS PHARMA...
Healthcare 3.21% 4.37% #15 6
Prev: #9
1.3 -14,483 -9.9%
P
S
131,808 $28,106,738 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GH
GUARDANT HEALTH...
Healthcare 3.17% #16
Prev: #—
3.3 271,685 no change
NEW
271,685 $27,749,906 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ROIV
ROIVANT SCIENCE...
Healthcare 2.94% 2.18% #17 6
Prev: #23
3.2 227,114 23.7%
P
S
1,186,817 $25,753,929 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IDYA
IDEAYA BIOSCIEN...
Healthcare 2.86% #18
Prev: #—
3.1 723,653 no change
NEW
723,653 $25,016,684 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VRDN
VIRIDIAN THERAP...
Healthcare 2.46% #19
Prev: #—
3.0 690,528 no change
NEW
690,528 $21,489,231 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FULC
FULCRUM THERAPE...
Healthcare 2.45% #20
Prev: #—
3.0 1,892,683 no change
NEW
1,892,683 $21,406,245 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CYTK
CYTOKINETICS IN...
Healthcare 2.36% 2.10% #21 3
Prev: #24
3.0 70,873 27.8%
P
S
325,668 $20,692,945 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SRRK
SCHOLAR ROCK HL...
Healthcare 2.31% #22
Prev: #—
2.9 459,727 no change
NEW
459,727 $20,250,974 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ARGX
ARGENX SE
Healthcare 2.23% 4.29% #23 13
Prev: #10
1.0 -15,511 -40.0%
P
S
23,256 $19,557,133 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NTRA
NATERA INC
Healthcare 2.12% 1.95% #24 1
Prev: #25
0.8 no change no change
P
S
80,875 $18,527,654 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ORIC
ORIC PHARMACEUT...
Healthcare 1.88% 3.89% #25 13
Prev: #12
0.8 -149,167 -6.9%
P
S
2,010,307 $16,444,311 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MRUS
MERUS N V
Healthcare 0.00% 5.26%
Sold All 😨
(Was: #4)
0.3 -372,022 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ACLX
ARCELLX INC
Healthcare 0.00% 3.87%
Sold All 😨
(Was: #13)
0.3 -313,733 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NBIX
NEUROCRINE BIOS...
Healthcare 0.00% 3.83%
Sold All 😨
(Was: #14)
0.3 -181,897 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AKRO
AKERO THERAPEUT...
Healthcare 0.00% 2.83%
Sold All 😨
(Was: #17)
0.3 -397,010 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ELVN
ENLIVEN THERAPE...
Healthcare 0.00% 2.41%
Sold All 😨
(Was: #19)
0.3 -783,411 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
JANX
JANUX THERAPEUT...
Healthcare 0.00% 2.35%
Sold All 😨
(Was: #22)
0.3 -639,699 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ADMA
ADMA BIOLOGICS ...
Healthcare 0.00% 1.78%
Sold All 😨
(Was: #26)
0.3 -808,673 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HROW
HARROW INC
Healthcare 0.00% 1.16%
Sold All 😨
(Was: #28)
0.3 -160,234 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 41 holdings

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