First Light Asset Management, LLC

CIK: 0001600004SEC EDGAR →

Portfolio Value

$1.3B

Holdings

33

As of

Q4 2025

New Positions

9

Closed Positions

6

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

AXOGEN INC

5,233,326$171.3M
13.10%
2

NEOGENOMICS INC

10,035,063$118.0M
9.02%
3

SI-BONE INC

5,032,904$99.2M
7.59%
4

PALVELLA THERAPEUTICS INC

709,141$74.2M
5.67%
5

CENTESSA PHARMACEUTICALS LIMITED

2,278,940$57.0M
4.36%
6

CRINETICS PHARMACEUTICALS INC

1,194,263$55.6M
4.25%
7

ATRICURE INC

1,175,445$46.5M
3.56%
8

VERA THERAPEUTICS INC

869,676$44.0M
3.37%
9

DISC MEDICINE INC

523,167$41.5M
3.18%
10

AMYLYX PHARMACEUTICALS INC

3,355,539$40.5M
3.10%

Quarterly Changes

Top Buys

SIBN↑ Increased
$71.0M
NEO↑ Increased
$41.4M
PVLA↑ Increased
$40.3M
MDGL↑ Increased
$33.6M
WVENEW
$31.5M

Top Sells

SENS1GBPCLOSED
$7.8B
PFMTUSDCLOSED
$90.6M
AXGN↓ Decreased
$67.7M
LENZCLOSED
$32.3M
CNTA↓ Decreased
$31.2M

New Positions (6)

$31.5M · 1.9M shares
$23.9M · 1.1M shares
$21.5M · 285K shares
$17.3M · 621K shares
$3.0M · 155K shares
$245K · 760 shares

Closed Positions (14)

$7.8B · 18.0M shares
$90.6M · 11.7M shares
$32.3M · 693K shares
$28.0M · 293K shares
$21.1M · 224K shares
$15.7M · 1.1M shares
$11.9M · 404K shares
$8.6M · 286K shares
$5.5M · 41K shares
$5.5M · 197K shares
$4.6M · 545K shares
$3.5M · 203K shares
$3.2M · 42K shares
$3.2M · 202K shares

Sector Breakdown

Sector# HoldingsValue%
Healthcare32$1.3B100.0%
Financial Services1$245K0.0%