Filed: 8/14/2025ACC: 0001085146-25-005077
📋 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 $536.03M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
35
Positions
$536.03M
Total AUM (reported)
12.14M
Total Shares
Allocation by class
COM$373.27M69.6%
SPONSORED ADR$47.47M8.9%
COM PAR $.01$37.51M7.0%
SPONSORED ADS$29.32M5.5%
COM NEW$17.55M3.3%
COMMON STOCK$14.17M2.6%
ORDINARY SHARES$9.44M1.8%
Portfolio Concentration
Top 3$93.67M17.5%
4–10$156.81M29.3%
11–25$221.52M41.3%
Rest$64.03M11.9%
Top 3 weight
17.5%
Top 10 weight
46.7%
Voting Authority Distribution
Total shares with voting rights: 12.14M
Sole
Full voting authority
12.14M
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
SOLEShares372.67K
TypeSH
Market value$37.51M
7.00%
Sole
372.67K
Shared
0.00
None
0.00
VERONA PHARMA PLC
SOLEShares309.99K
TypeSH
Market value$29.32M
5.47%
Sole
309.99K
Shared
0.00
None
0.00
MIRUM PHARMACEUTICALS INC
SOLEShares527.54K
TypeSH
Market value$26.85M
5.01%
Sole
527.54K
Shared
0.00
None
0.00
NUVALENT INC
SOLEShares320.80K
TypeSH
Market value$24.48M
4.57%
Sole
320.80K
Shared
0.00
None
0.00
ARGENX SE
SOLEShares43.95K
TypeSH
Market value$24.23M
4.52%
Sole
43.95K
Shared
0.00
None
0.00
BRIDGEBIO PHARMA INC
SOLEShares551.68K
TypeSH
Market value$23.82M
4.44%
Sole
551.68K
Shared
0.00
None
0.00
ASCENDIS PHARMA A/S
SOLEShares134.69K
TypeSH
Market value$23.25M
4.34%
Sole
134.69K
Shared
0.00
None
0.00
XENON PHARMACEUTICALS INC
SOLEShares660.62K
TypeSH
Market value$20.68M
3.86%
Sole
660.62K
Shared
0.00
None
0.00
ORIC PHARMACEUTICALS INC
SOLEShares2.01M
TypeSH
Market value$20.40M
3.81%
Sole
2.01M
Shared
0.00
None
0.00
NATERA INC
SOLEShares118.13K
TypeSH
Market value$19.96M
3.72%
Sole
118.13K
Shared
0.00
None
0.00
ADMA BIOLOGICS INC
SOLEShares1.09M
TypeSH
Market value$19.89M
3.71%
Sole
1.09M
Shared
0.00
None
0.00
INTUITIVE SURGICAL INC
SOLEShares32.30K
TypeSH
Market value$17.55M
3.27%
Sole
32.30K
Shared
0.00
None
0.00
INSULET CORP
SOLEShares51.41K
TypeSH
Market value$16.15M
3.01%
Sole
51.41K
Shared
0.00
None
0.00
TG THERAPEUTICS INC
SOLEShares447.88K
TypeSH
Market value$16.12M
3.01%
Sole
447.88K
Shared
0.00
None
0.00
DISC MEDICINE INC
SOLEShares299.46K
TypeSH
Market value$15.86M
2.96%
Sole
299.46K
Shared
0.00
None
0.00
GUARDANT HEALTH INC
SOLEShares302.31K
TypeSH
Market value$15.73M
2.93%
Sole
302.31K
Shared
0.00
None
0.00
MERUS N V
SOLEShares292.96K
TypeSH
Market value$15.41M
2.87%
Sole
292.96K
Shared
0.00
None
0.00
REVOLUTION MEDICINES INC
SOLEShares415.59K
TypeSH
Market value$15.29M
2.85%
Sole
415.59K
Shared
0.00
None
0.00
AXSOME THERAPEUTICS INC
SOLEShares144.40K
TypeSH
Market value$15.07M
2.81%
Sole
144.40K
Shared
0.00
None
0.00
BOSTON SCIENTIFIC CORP
SOLEShares138.83K
TypeSH
Market value$14.91M
2.78%
Sole
138.83K
Shared
0.00
None
0.00
ARCELLX INC
SOLEShares215.22K
TypeSH
Market value$14.17M
2.64%
Sole
215.22K
Shared
0.00
None
0.00
APOGEE THERAPEUTICS INC
SOLEShares311.49K
TypeSH
Market value$13.53M
2.52%
Sole
311.49K
Shared
0.00
None
0.00
RADNET INC
SOLEShares197.76K
TypeSH
Market value$11.25M
2.10%
Sole
197.76K
Shared
0.00
None
0.00
JANUX THERAPEUTICS INC
SOLEShares447.42K
TypeSH
Market value$10.34M
1.93%
Sole
447.42K
Shared
0.00
None
0.00
ENLIVEN THERAPEUTICS INC
SOLEShares509.99K
TypeSH
Market value$10.23M
1.91%
Sole
509.99K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
INSMED INCSOLE | COM PAR $.01 | 372.67K | SH | $37.51M 7.00% | 372.67K | 0.00 | 0.00 |
VERONA PHARMA PLCSOLE | SPONSORED ADS | 309.99K | SH | $29.32M 5.47% | 309.99K | 0.00 | 0.00 |
MIRUM PHARMACEUTICALS INCSOLE | COM | 527.54K | SH | $26.85M 5.01% | 527.54K | 0.00 | 0.00 |
NUVALENT INCSOLE | COM | 320.80K | SH | $24.48M 4.57% | 320.80K | 0.00 | 0.00 |
ARGENX SESOLE | SPONSORED ADR | 43.95K | SH | $24.23M 4.52% | 43.95K | 0.00 | 0.00 |
BRIDGEBIO PHARMA INCSOLE | COM | 551.68K | SH | $23.82M 4.44% | 551.68K | 0.00 | 0.00 |
ASCENDIS PHARMA A/SSOLE | SPONSORED ADR | 134.69K | SH | $23.25M 4.34% | 134.69K | 0.00 | 0.00 |
XENON PHARMACEUTICALS INCSOLE | COM | 660.62K | SH | $20.68M 3.86% | 660.62K | 0.00 | 0.00 |
ORIC PHARMACEUTICALS INCSOLE | COM | 2.01M | SH | $20.40M 3.81% | 2.01M | 0.00 | 0.00 |
NATERA INCSOLE | COM | 118.13K | SH | $19.96M 3.72% | 118.13K | 0.00 | 0.00 |
ADMA BIOLOGICS INCSOLE | COM | 1.09M | SH | $19.89M 3.71% | 1.09M | 0.00 | 0.00 |
INTUITIVE SURGICAL INCSOLE | COM NEW | 32.30K | SH | $17.55M 3.27% | 32.30K | 0.00 | 0.00 |
INSULET CORPSOLE | COM | 51.41K | SH | $16.15M 3.01% | 51.41K | 0.00 | 0.00 |
TG THERAPEUTICS INCSOLE | COM | 447.88K | SH | $16.12M 3.01% | 447.88K | 0.00 | 0.00 |
DISC MEDICINE INCSOLE | COM | 299.46K | SH | $15.86M 2.96% | 299.46K | 0.00 | 0.00 |
GUARDANT HEALTH INCSOLE | COM | 302.31K | SH | $15.73M 2.93% | 302.31K | 0.00 | 0.00 |
MERUS N VSOLE | COM | 292.96K | SH | $15.41M 2.87% | 292.96K | 0.00 | 0.00 |
REVOLUTION MEDICINES INCSOLE | COM | 415.59K | SH | $15.29M 2.85% | 415.59K | 0.00 | 0.00 |
AXSOME THERAPEUTICS INCSOLE | COM | 144.40K | SH | $15.07M 2.81% | 144.40K | 0.00 | 0.00 |
BOSTON SCIENTIFIC CORPSOLE | COM | 138.83K | SH | $14.91M 2.78% | 138.83K | 0.00 | 0.00 |
ARCELLX INCSOLE | COMMON STOCK | 215.22K | SH | $14.17M 2.64% | 215.22K | 0.00 | 0.00 |
APOGEE THERAPEUTICS INCSOLE | COM | 311.49K | SH | $13.53M 2.52% | 311.49K | 0.00 | 0.00 |
RADNET INCSOLE | COM | 197.76K | SH | $11.25M 2.10% | 197.76K | 0.00 | 0.00 |
JANUX THERAPEUTICS INCSOLE | COM | 447.42K | SH | $10.34M 1.93% | 447.42K | 0.00 | 0.00 |
ENLIVEN THERAPEUTICS INCSOLE | COM | 509.99K | SH | $10.23M 1.91% | 509.99K | 0.00 | 0.00 |
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