Filed: 5/15/2025ACC: 0001085146-25-003195
📋 What this filing means
FIRST TURN MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 35 equity positions with a total reported market value of $496.05M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
35
Positions
$496.05M
Total AUM (reported)
12.10M
Total Shares
Allocation by class
COM$359.66M72.5%
SPONSORED ADR$42.46M8.6%
COM PAR $.01$30.64M6.2%
SPONSORED ADS$27.64M5.6%
CL A$14.98M3.0%
COM NEW$13.67M2.8%
CLASS A ORD$7.00M1.4%
Portfolio Concentration
Top 3$83.09M16.8%
4–10$149.12M30.1%
11–25$196.16M39.5%
Rest$67.68M13.6%
Top 3 weight
16.8%
Top 10 weight
46.8%
Voting Authority Distribution
Total shares with voting rights: 12.10M
Sole
Full voting authority
12.10M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole35
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings35
Rows:
INSMED INC
SOLEShares401.63K
TypeSH
Market value$30.64M
6.18%
Sole
401.63K
Shared
0.00
None
0.00
VERONA PHARMA PLC
SOLEShares435.38K
TypeSH
Market value$27.64M
5.57%
Sole
435.38K
Shared
0.00
None
0.00
ARGENX SE
SOLEShares41.91K
TypeSH
Market value$24.81M
5.00%
Sole
41.91K
Shared
0.00
None
0.00
NUVALENT INC
SOLEShares331.93K
TypeSH
Market value$23.54M
4.75%
Sole
331.93K
Shared
0.00
None
0.00
XENON PHARMACEUTICALS INC
SOLEShares683.45K
TypeSH
Market value$22.93M
4.62%
Sole
683.45K
Shared
0.00
None
0.00
BRIDGEBIO PHARMA INC
SOLEShares656.70K
TypeSH
Market value$22.70M
4.58%
Sole
656.70K
Shared
0.00
None
0.00
MIRUM PHARMACEUTICALS INC
SOLEShares503.01K
TypeSH
Market value$22.66M
4.57%
Sole
503.01K
Shared
0.00
None
0.00
NATERA INC
SOLEShares139.94K
TypeSH
Market value$19.79M
3.99%
Sole
139.94K
Shared
0.00
None
0.00
MERUS N V
SOLEShares463.96K
TypeSH
Market value$19.53M
3.94%
Sole
463.96K
Shared
0.00
None
0.00
BOSTON SCIENTIFIC CORP
SOLEShares178.16K
TypeSH
Market value$17.97M
3.62%
Sole
178.16K
Shared
0.00
None
0.00
ASCENDIS PHARMA A/S
SOLEShares113.28K
TypeSH
Market value$17.66M
3.56%
Sole
113.28K
Shared
0.00
None
0.00
TG THERAPEUTICS INC
SOLEShares400.64K
TypeSH
Market value$15.80M
3.18%
Sole
400.64K
Shared
0.00
None
0.00
VERA THERAPEUTICS INC
SOLEShares623.61K
TypeSH
Market value$14.98M
3.02%
Sole
623.61K
Shared
0.00
None
0.00
AXSOME THERAPEUTICS INC
SOLEShares118.18K
TypeSH
Market value$13.78M
2.78%
Sole
118.18K
Shared
0.00
None
0.00
GUARDANT HEALTH INC
SOLEShares315.74K
TypeSH
Market value$13.45M
2.71%
Sole
315.74K
Shared
0.00
None
0.00
SPRINGWORKS THERAPEUTICS INC
SOLEShares304.08K
TypeSH
Market value$13.42M
2.71%
Sole
304.08K
Shared
0.00
None
0.00
GLAUKOS CORP
SOLEShares136.24K
TypeSH
Market value$13.41M
2.70%
Sole
136.24K
Shared
0.00
None
0.00
EXACT SCIENCES CORP
SOLEShares300.91K
TypeSH
Market value$13.03M
2.63%
Sole
300.91K
Shared
0.00
None
0.00
INSULET CORP
SOLEShares49.35K
TypeSH
Market value$12.96M
2.61%
Sole
49.35K
Shared
0.00
None
0.00
REVOLUTION MEDICINES INC
SOLEShares340.11K
TypeSH
Market value$12.03M
2.42%
Sole
340.11K
Shared
0.00
None
0.00
JANUX THERAPEUTICS INC
SOLEShares430.16K
TypeSH
Market value$11.61M
2.34%
Sole
430.16K
Shared
0.00
None
0.00
ORIC PHARMACEUTICALS INC
SOLEShares2.03M
TypeSH
Market value$11.31M
2.28%
Sole
2.03M
Shared
0.00
None
0.00
ADMA BIOLOGICS INC
SOLEShares566.95K
TypeSH
Market value$11.25M
2.27%
Sole
566.95K
Shared
0.00
None
0.00
INTUITIVE SURGICAL INC
SOLEShares22.11K
TypeSH
Market value$10.95M
2.21%
Sole
22.11K
Shared
0.00
None
0.00
ENLIVEN THERAPEUTICS INC
SOLEShares535.09K
TypeSH
Market value$10.53M
2.12%
Sole
535.09K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
INSMED INCSOLE | COM PAR $.01 | 401.63K | SH | $30.64M 6.18% | 401.63K | 0.00 | 0.00 |
VERONA PHARMA PLCSOLE | SPONSORED ADS | 435.38K | SH | $27.64M 5.57% | 435.38K | 0.00 | 0.00 |
ARGENX SESOLE | SPONSORED ADR | 41.91K | SH | $24.81M 5.00% | 41.91K | 0.00 | 0.00 |
NUVALENT INCSOLE | COM | 331.93K | SH | $23.54M 4.75% | 331.93K | 0.00 | 0.00 |
XENON PHARMACEUTICALS INCSOLE | COM | 683.45K | SH | $22.93M 4.62% | 683.45K | 0.00 | 0.00 |
BRIDGEBIO PHARMA INCSOLE | COM | 656.70K | SH | $22.70M 4.58% | 656.70K | 0.00 | 0.00 |
MIRUM PHARMACEUTICALS INCSOLE | COM | 503.01K | SH | $22.66M 4.57% | 503.01K | 0.00 | 0.00 |
NATERA INCSOLE | COM | 139.94K | SH | $19.79M 3.99% | 139.94K | 0.00 | 0.00 |
MERUS N VSOLE | COM | 463.96K | SH | $19.53M 3.94% | 463.96K | 0.00 | 0.00 |
BOSTON SCIENTIFIC CORPSOLE | COM | 178.16K | SH | $17.97M 3.62% | 178.16K | 0.00 | 0.00 |
ASCENDIS PHARMA A/SSOLE | SPONSORED ADR | 113.28K | SH | $17.66M 3.56% | 113.28K | 0.00 | 0.00 |
TG THERAPEUTICS INCSOLE | COM | 400.64K | SH | $15.80M 3.18% | 400.64K | 0.00 | 0.00 |
VERA THERAPEUTICS INCSOLE | CL A | 623.61K | SH | $14.98M 3.02% | 623.61K | 0.00 | 0.00 |
AXSOME THERAPEUTICS INCSOLE | COM | 118.18K | SH | $13.78M 2.78% | 118.18K | 0.00 | 0.00 |
GUARDANT HEALTH INCSOLE | COM | 315.74K | SH | $13.45M 2.71% | 315.74K | 0.00 | 0.00 |
SPRINGWORKS THERAPEUTICS INCSOLE | COM | 304.08K | SH | $13.42M 2.71% | 304.08K | 0.00 | 0.00 |
GLAUKOS CORPSOLE | COM | 136.24K | SH | $13.41M 2.70% | 136.24K | 0.00 | 0.00 |
EXACT SCIENCES CORPSOLE | COM | 300.91K | SH | $13.03M 2.63% | 300.91K | 0.00 | 0.00 |
INSULET CORPSOLE | COM | 49.35K | SH | $12.96M 2.61% | 49.35K | 0.00 | 0.00 |
REVOLUTION MEDICINES INCSOLE | COM | 340.11K | SH | $12.03M 2.42% | 340.11K | 0.00 | 0.00 |
JANUX THERAPEUTICS INCSOLE | COM | 430.16K | SH | $11.61M 2.34% | 430.16K | 0.00 | 0.00 |
ORIC PHARMACEUTICALS INCSOLE | COM | 2.03M | SH | $11.31M 2.28% | 2.03M | 0.00 | 0.00 |
ADMA BIOLOGICS INCSOLE | COM | 566.95K | SH | $11.25M 2.27% | 566.95K | 0.00 | 0.00 |
INTUITIVE SURGICAL INCSOLE | COM NEW | 22.11K | SH | $10.95M 2.21% | 22.11K | 0.00 | 0.00 |
ENLIVEN THERAPEUTICS INCSOLE | COM | 535.09K | SH | $10.53M 2.12% | 535.09K | 0.00 | 0.00 |
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