PFM Health Sciences, LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, PFM Health Sciences, LP maintained a portfolio of 103 distinct positions. The most significant new addition to the portfolio was GLAUKOS CORP, which now represents 2.27% of the total fund value. They heavily accumulated shares in ASCENDIS PHARMA A/S, increasing their position by 22.3%. Conversely, PFM Health Sciences, LP completely exited their position in SPDR SERIES TRUST.
PCA Score Concentration Risk
Risk ENB
Total Positions
103
Quarter
2025 Q4
Top Holding
THC (7.9%)
Top 10 Concentration
41.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 103
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
THC
TENET HEALTHCAR...
Healthcare 7.88% 7.21% #1 1
Prev: #2
3.2 -63,887 -13.8%
P
S
397,767 $79,044,258 2008 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LLY
ELI LILLY & CO
Healthcare 7.32% 13.21% #2 1
Prev: #1
3.1 -156,850 -69.7%
P
S
68,289 $73,388,823 2008 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AXSM
AXSOME THERAPEU...
Healthcare 4.58% 4.95% #3 1
Prev: #4
2.0 -278,770 -52.6%
P
S
251,562 $45,945,284 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PEN
PENUMBRA INC
Healthcare 4.50% 3.80% #4 2
Prev: #6
1.9 -49,914 -25.6%
P
S
145,171 $45,135,116 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ASND
ASCENDIS PHARMA...
Healthcare 3.78% 2.22% #5 5
Prev: #10
3.6 32,374 22.3%
P
S
177,685 $37,889,549 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UTHR
UNITED THERAPEU...
Healthcare 3.29% 3.08% #6 1
Prev: #7
1.4 -27,907 -29.2%
P
S
67,743 $33,007,777 2008 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CNC
CENTENE CORP DE...
Healthcare 2.98% 1.58% #7 11
Prev: #18
3.3 151,064 26.3%
P
S
725,424 $29,851,198 2009 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BBIO
BRIDGEBIO PHARM...
Healthcare 2.34% 1.31% #8 16
Prev: #24
1.0 -20,668 -6.3%
P
S
306,506 $23,444,644 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ADMA
ADMA BIOLOGICS ...
Healthcare 2.31% 1.33% #9 13
Prev: #22
2.9 89,883 7.6%
P
S
1,270,894 $23,181,107 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NBIX
NEUROCRINE BIOS...
Healthcare 2.31% 0.62% #10 34
Prev: #44
3.2 105,951 185.1%
P
S
163,197 $23,146,231 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GKOS
GLAUKOS CORP
Healthcare 2.27% #11
Prev: #—
2.9 201,676 no change
NEW
201,676 $22,771,237 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TMO
THERMO FISHER S...
Healthcare 2.19% 0.09% #12 57
Prev: #69
3.2 35,601 1538.5%
P
S
37,915 $21,969,847 2009 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EW
EDWARDS LIFESCI...
Healthcare 2.10% 2.28% #13 4
Prev: #9
0.9 -134,489 -35.3%
P
S
246,835 $21,042,684 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ICLR
ICON PLC
Healthcare 2.10% 1.80% #14 3
Prev: #17
0.9 -18,347 -13.7%
P
S
115,336 $21,016,526 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
INBX
INHIBRX BIOSCIE...
Healthcare 2.09% 0.62% #15 28
Prev: #43
2.9 25,873 10.8%
P
S
265,517 $20,975,843 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MDT
MEDTRONIC PLC
Healthcare 2.05% #16
Prev: #—
2.8 213,796 no change
NEW
213,796 $20,537,244 2008 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NEO
NEOGENOMICS INC
Healthcare 1.99% 1.31% #17 6
Prev: #23
0.9 -514,479 -23.3%
P
S
1,694,051 $19,922,040 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MRK
MERCK & CO INC
Healthcare 1.97% 1.53% #18 1
Prev: #19
0.9 -48,634 -20.6%
P
S
187,834 $19,771,407 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMRX
AMNEAL PHARMACE...
Healthcare 1.84% 0.27% #19 39
Prev: #58
3.0 1,109,662 311.9%
P
S
1,465,480 $18,465,048 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SYK
STRYKER CORPORA...
Healthcare 1.78% #20
Prev: #—
2.7 50,852 no change
NEW
50,852 $17,872,952 2009 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UNH
UNITEDHEALTH GR...
Healthcare 1.66% #21
Prev: #—
2.7 50,539 no change
NEW
50,539 $16,683,429 2008 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WAT
WATERS CORP
Healthcare 1.64% 0.71% #22 19
Prev: #41
2.8 12,457 40.5%
P
S
43,208 $16,411,695 2009 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CNC
CENTENE CORP DE...
CALL
CALL Option 1.53% #23
Prev: #—
2.6 372,300 no change
NEW
372,300 $15,320,145 2009 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ASCENDIS PHARMA...
Bond/Debt 1.51% 1.21% #24 3
Prev: #27
0.6 -860,000 -7.5%
P
S
10,655,000 $15,134,895 13F Filing 2025-12-31 2026-02-14 (Est.)
DXCM
DEXCOM INC
Healthcare 1.50% #25
Prev: #—
2.6 227,357 no change
NEW
227,357 $15,089,684 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
XBI
SPDR SERIES TRU...
CALL
CALL Option 0.00% 5.53%
Sold All 😨
(Was: #3)
0.3 -717,400 -100.0%
CLOSED
$— 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MCK
MCKESSON CORP
Healthcare 0.00% 4.30%
Sold All 😨
(Was: #5)
0.3 -72,313 -100.0%
CLOSED
$— 2009 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HUM
HUMANA INC
CALL
CALL Option 0.00% 2.20%
Sold All 😨
(Was: #11)
0.3 -110,000 -100.0%
CLOSED
$— 2009 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
COR
CENCORA INC
Healthcare 0.00% 1.93%
Sold All 😨
(Was: #14)
0.3 -80,493 -100.0%
CLOSED
$— 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ELV
ELEVANCE HEALTH...
Healthcare 0.00% 1.51%
Sold All 😨
(Was: #20)
0.3 -60,776 -100.0%
CLOSED
$— 2015 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NTRA
NATERA INC
Healthcare 0.00% 1.43%
Sold All 😨
(Was: #21)
0.3 -115,596 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR S&P 500 ET...
ETF 0.00% 1.09%
Sold All 😨
(Was: #31)
0.3 -21,210 -100.0%
CLOSED
$— 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IWM
ISHARES TR
PUT
PUT Option 0.00% 1.05%
Sold All 😨
(Was: #32)
0.3 -56,700 -100.0%
CLOSED
$— 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MRUS
MERUS N V
Healthcare 0.00% 0.95%
Sold All 😨
(Was: #35)
0.3 -130,742 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BSX
BOSTON SCIENTIF...
CALL
CALL Option 0.00% 0.92%
Sold All 😨
(Was: #36)
0.3 -122,000 -100.0%
CLOSED
$— 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AKRO
AKERO THERAPEUT...
Healthcare 0.00% 0.91%
Sold All 😨
(Was: #37)
0.3 -248,079 -100.0%
CLOSED
$— 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
REGN
REGENERON PHARM...
Healthcare 0.00% 0.86%
Sold All 😨
(Was: #38)
0.3 -19,890 -100.0%
CLOSED
$— 2012 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IRTC
IRHYTHM TECHNOL...
Healthcare 0.00% 0.86%
Sold All 😨
(Was: #39)
0.3 -64,998 -100.0%
CLOSED
$— 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VRNA
VERONA PHARMA P...
Unknown 0.00% 0.66%
Sold All 😨
(Was: #42)
0.3 -80,416 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TEVA
TEVA PHARMACEUT...
Healthcare 0.00% 0.55%
Sold All 😨
(Was: #45)
0.3 -356,818 -100.0%
CLOSED
$— 2009 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ARQT
ARCUTIS BIOTHER...
Healthcare 0.00% 0.52%
Sold All 😨
(Was: #46)
0.3 -360,460 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WST
WEST PHARMACEUT...
Healthcare 0.00% 0.37%
Sold All 😨
(Was: #52)
0.3 -18,365 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AZN
ASTRAZENECA PLC
Healthcare 0.00% 0.36%
Sold All 😨
(Was: #53)
0.3 -61,795 -100.0%
CLOSED
$— 2008 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ELVN
ENLIVEN THERAPE...
Healthcare 0.00% 0.25%
Sold All 😨
(Was: #61)
0.3 -156,463 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BSX
BOSTON SCIENTIF...
Healthcare 0.00% 0.22%
Sold All 😨
(Was: #63)
0.3 -28,648 -100.0%
CLOSED
$— 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LQDA
LIQUIDIA CORPOR...
PUT
PUT Option 0.00% 0.13%
Sold All 😨
(Was: #67)
0.3 -76,300 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HIMS
HIMS & HERS HEA...
Healthcare 0.00% 0.10%
Sold All 😨
(Was: #68)
0.3 -22,915 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HUM
HUMANA INC
Healthcare 0.00% 0.07%
Sold All 😨
(Was: #70)
0.3 -3,648 -100.0%
CLOSED
$— 2009 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MNMD
MIND MEDICINE M...
Healthcare 0.00% 0.07%
Sold All 😨
(Was: #71)
0.3 -75,138 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HOWL
WEREWOLF THERAP...
Healthcare 0.00% 0.06%
Sold All 😨
(Was: #72)
0.3 -401,110 -100.0%
CLOSED
$— 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 103 holdings

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