Filed: 5/15/2026ACC: 0001993440-26-000002
📋 What this filing means
FIRST TURN MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 33 equity positions with a total reported market value of $895.10M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
33
Positions
$895.10M
Total AUM (reported)
18.70M
Total Shares
Allocation by class
COM$669.01M74.7%
SPONSORED ADS$51.87M5.8%
SHS$43.03M4.8%
COM PAR $.01$40.63M4.5%
COM NEW$32.37M3.6%
ORDINARY SHARES$17.87M2.0%
SPONSORED ADR$17.45M1.9%
Portfolio Concentration
Top 3$165.64M18.5%
4–10$286.58M32.0%
11–25$337.35M37.7%
Rest$105.53M11.8%
Top 3 weight
18.5%
Top 10 weight
50.5%
Voting Authority Distribution
Total shares with voting rights: 18.70M
Sole
Full voting authority
18.70M
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)
Sole33
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings33
Rows:
UNITED THERAPEUTICS CORP DEL
SOLEShares104.73K
TypeSH
Market value$62.10M
6.94%
Sole
104.73K
Shared
0.00
None
0.00
ABIVAX SA
SOLEShares465.87K
TypeSH
Market value$51.87M
5.80%
Sole
465.87K
Shared
0.00
None
0.00
BRIDGEBIO PHARMA INC
SOLEShares695.72K
TypeSH
Market value$51.66M
5.77%
Sole
695.72K
Shared
0.00
None
0.00
XENON PHARMACEUTICALS INC
SOLEShares786.84K
TypeSH
Market value$45.75M
5.11%
Sole
786.84K
Shared
0.00
None
0.00
REVOLUTION MEDICINES INC
SOLEShares468.38K
TypeSH
Market value$45.55M
5.09%
Sole
468.38K
Shared
0.00
None
0.00
APOGEE THERAPEUTICS INC
SOLEShares513.77K
TypeSH
Market value$43.24M
4.83%
Sole
513.77K
Shared
0.00
None
0.00
INSMED INC
SOLEShares248.47K
TypeSH
Market value$40.63M
4.54%
Sole
248.47K
Shared
0.00
None
0.00
NUVALENT INC
SOLEShares370.34K
TypeSH
Market value$37.94M
4.24%
Sole
370.34K
Shared
0.00
None
0.00
MIRUM PHARMACEUTICALS INC
SOLEShares400.46K
TypeSH
Market value$36.99M
4.13%
Sole
400.46K
Shared
0.00
None
0.00
COGENT BIOSCIENCES INC
SOLEShares947.34K
TypeSH
Market value$36.46M
4.07%
Sole
947.34K
Shared
0.00
None
0.00
ROIVANT SCIENCES LTD
SOLEShares1.19M
TypeSH
Market value$32.97M
3.68%
Sole
1.19M
Shared
0.00
None
0.00
AXSOME THERAPEUTICS INC.
SOLEShares188.77K
TypeSH
Market value$31.91M
3.56%
Sole
188.77K
Shared
0.00
None
0.00
IDEAYA BIOSCIENCES INC
SOLEShares873.84K
TypeSH
Market value$29.12M
3.25%
Sole
873.84K
Shared
0.00
None
0.00
ORIC PHARMACEUTICALS INC
SOLEShares2.02M
TypeSH
Market value$25.56M
2.86%
Sole
2.02M
Shared
0.00
None
0.00
ENLIVEN THERAPEUTICS INC
SOLEShares623.84K
TypeSH
Market value$24.45M
2.73%
Sole
623.84K
Shared
0.00
None
0.00
CELCUITY INC
SOLEShares210.58K
TypeSH
Market value$24.04M
2.69%
Sole
210.58K
Shared
0.00
None
0.00
SCHOLAR ROCK HLDG CORP
SOLEShares446.39K
TypeSH
Market value$21.94M
2.45%
Sole
446.39K
Shared
0.00
None
0.00
KYMERA THERAPEUTICS INC
SOLEShares254.67K
TypeSH
Market value$21.21M
2.37%
Sole
254.67K
Shared
0.00
None
0.00
CYTOKINETICS INC
SOLEShares283.70K
TypeSH
Market value$18.70M
2.09%
Sole
283.70K
Shared
0.00
None
0.00
DIANTHUS THERAPEUTICS INC
SOLEShares220.92K
TypeSH
Market value$18.54M
2.07%
Sole
220.92K
Shared
0.00
None
0.00
PALVELLA THERAPEUTICS INC NE
SOLEShares148.09K
TypeSH
Market value$18.46M
2.06%
Sole
148.09K
Shared
0.00
None
0.00
NEWAMSTERDAM PHARMA COMPANY
SOLEShares558.34K
TypeSH
Market value$17.87M
2.00%
Sole
558.34K
Shared
0.00
None
0.00
VIRIDIAN THERAPEUTICS INC
SOLEShares911.34K
TypeSH
Market value$17.83M
1.99%
Sole
911.34K
Shared
0.00
None
0.00
ASCENDIS PHARMA A/S
SOLEShares76.30K
TypeSH
Market value$17.45M
1.95%
Sole
76.30K
Shared
0.00
None
0.00
FULCRUM THERAPEUTICS INC
SOLEShares2.26M
TypeSH
Market value$17.30M
1.93%
Sole
2.26M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
UNITED THERAPEUTICS CORP DELSOLE | COM | 104.73K | SH | $62.10M 6.94% | 104.73K | 0.00 | 0.00 |
ABIVAX SASOLE | SPONSORED ADS | 465.87K | SH | $51.87M 5.80% | 465.87K | 0.00 | 0.00 |
BRIDGEBIO PHARMA INCSOLE | COM | 695.72K | SH | $51.66M 5.77% | 695.72K | 0.00 | 0.00 |
XENON PHARMACEUTICALS INCSOLE | COM | 786.84K | SH | $45.75M 5.11% | 786.84K | 0.00 | 0.00 |
REVOLUTION MEDICINES INCSOLE | COM | 468.38K | SH | $45.55M 5.09% | 468.38K | 0.00 | 0.00 |
APOGEE THERAPEUTICS INCSOLE | COM | 513.77K | SH | $43.24M 4.83% | 513.77K | 0.00 | 0.00 |
INSMED INCSOLE | COM PAR $.01 | 248.47K | SH | $40.63M 4.54% | 248.47K | 0.00 | 0.00 |
NUVALENT INCSOLE | COM | 370.34K | SH | $37.94M 4.24% | 370.34K | 0.00 | 0.00 |
MIRUM PHARMACEUTICALS INCSOLE | COM | 400.46K | SH | $36.99M 4.13% | 400.46K | 0.00 | 0.00 |
COGENT BIOSCIENCES INCSOLE | COM | 947.34K | SH | $36.46M 4.07% | 947.34K | 0.00 | 0.00 |
ROIVANT SCIENCES LTDSOLE | SHS | 1.19M | SH | $32.97M 3.68% | 1.19M | 0.00 | 0.00 |
AXSOME THERAPEUTICS INC.SOLE | COM | 188.77K | SH | $31.91M 3.56% | 188.77K | 0.00 | 0.00 |
IDEAYA BIOSCIENCES INCSOLE | COM | 873.84K | SH | $29.12M 3.25% | 873.84K | 0.00 | 0.00 |
ORIC PHARMACEUTICALS INCSOLE | COM | 2.02M | SH | $25.56M 2.86% | 2.02M | 0.00 | 0.00 |
ENLIVEN THERAPEUTICS INCSOLE | COM | 623.84K | SH | $24.45M 2.73% | 623.84K | 0.00 | 0.00 |
CELCUITY INCSOLE | COM | 210.58K | SH | $24.04M 2.69% | 210.58K | 0.00 | 0.00 |
SCHOLAR ROCK HLDG CORPSOLE | COM | 446.39K | SH | $21.94M 2.45% | 446.39K | 0.00 | 0.00 |
KYMERA THERAPEUTICS INCSOLE | COM | 254.67K | SH | $21.21M 2.37% | 254.67K | 0.00 | 0.00 |
CYTOKINETICS INCSOLE | COM NEW | 283.70K | SH | $18.70M 2.09% | 283.70K | 0.00 | 0.00 |
DIANTHUS THERAPEUTICS INCSOLE | COM | 220.92K | SH | $18.54M 2.07% | 220.92K | 0.00 | 0.00 |
PALVELLA THERAPEUTICS INC NESOLE | COM | 148.09K | SH | $18.46M 2.06% | 148.09K | 0.00 | 0.00 |
NEWAMSTERDAM PHARMA COMPANYSOLE | ORDINARY SHARES | 558.34K | SH | $17.87M 2.00% | 558.34K | 0.00 | 0.00 |
VIRIDIAN THERAPEUTICS INCSOLE | COM | 911.34K | SH | $17.83M 1.99% | 911.34K | 0.00 | 0.00 |
ASCENDIS PHARMA A/SSOLE | SPONSORED ADR | 76.30K | SH | $17.45M 1.95% | 76.30K | 0.00 | 0.00 |
FULCRUM THERAPEUTICS INCSOLE | COM | 2.26M | SH | $17.30M 1.93% | 2.26M | 0.00 | 0.00 |
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