First Turn Management, LLC

CIK: 0001993440Latest portfolio: $875.2M · Q4 2025

Holdings

33

Total Value

$875.2M

New Positions

12

Closed Positions

8

#StockSharesValue% PortfolioChangeType
1
ABVXABIVAX SA
381,233$51.4M5.87%+89K
2
RVMDREVOLUTION MEDICINES INC
638,385$50.8M5.81%-4,665
3
IM8NINSMED INC
264,293$46.0M5.26%-55,480
4
BBIOBRIDGEBIO PHARMA INC
595,473$45.5M5.20%+6K
5
MIRMMIRUM PHARMACEUTICALS INC
481,564$38.0M4.35%-89,005
6
AXSMAXSOME THERAPEUTICS INC
206,921$37.8M4.32%+54K
7
NUVLNUVALENT INC
368,697$37.1M4.24%-26,057
8
XENEXENON PHARMACEUTICALS INC
799,743$35.8M4.10%
9
APGEAPOGEE THERAPEUTICS INC
474,839$35.8M4.10%+72K
10
TERNTERNS PHARMACEUTICALS INC
872,049$35.2M4.03%NEW
11
NAMSNEWAMSTERDAM PHARMA COMPANY
893,473$31.3M3.58%+177K
12
UTHUNITED THERAPEUTICS CORP DEL
63,580$31.0M3.54%-21,738
13
VERAVERA THERAPEUTICS INC
601,774$30.5M3.48%+247K
14
COGTCOGENT BIOSCIENCES INC
824,283$29.3M3.35%NEW
15
ASNDASCENDIS PHARMA A/S
131,808$28.1M3.21%-14,483
16
GHGUARDANT HEALTH INC
271,685$27.7M3.17%NEW
17
ROIVROIVANT SCIENCES LTD
1,186,817$25.8M2.94%+227K
18
IDYAIDEAYA BIOSCIENCES INC
723,653$25.0M2.86%NEW
19
VRDNVIRIDIAN THERAPEUTICS INC
690,528$21.5M2.46%NEW
20
FULCFULCRUM THERAPEUTICS INC
1,892,683$21.4M2.45%NEW
21
CYTKCYTOKINETICS INC
325,668$20.7M2.36%+71K
22
SRRKSCHOLAR ROCK HLDG CORP
459,727$20.3M2.31%NEW
23
ARGXARGENX SE
23,256$19.6M2.23%-15,511
24
NTRANATERA INC
80,875$18.5M2.12%
25
ORICORIC PHARMACEUTICALS INC
2,010,307$16.4M1.88%-149,167

Quarterly Changes

New Positions

Closed Positions

Increased Positions

NameSharesChange
VERA602K+247K
NAMS893K+177K
ABVX381K+89K
APGE475K+72K
CYTK326K+71K
AXSM207K+54K
BBIO595K+6K

Decreased Positions

NameSharesChange
IRON153K-244487
ORIC2.0M-149167
MIRM482K-89005
KYMR206K-71281
IM8N264K-55480
NUVL369K-26057
UTH64K-21738
ARGX23K-15511
ASND132K-14483
RVMD638K-4665

Sector Breakdown

Healthcare0.0% ($5.141150847455474e+143T)
Unknown0.0% ($4.6T)

Filing History

QuarterFiling DatePortfolio ValueHoldings
Q4 2025Feb 13, 2026$875.2M33
Q3 2025Nov 14, 2025$666.0B29
Q2 2025Aug 14, 2025$536.0B35
Q1 2025May 15, 2025$496.1B35
Q4 2024Feb 14, 2025$558.3B36

Fund Information

CIK0001993440
Most Recent FilingFeb 13, 2026
Number of Filings5

First Turn Management, LLC is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $875.2M across 33 holdings. The largest position is ABIVAX SA (ABVX), representing 5.9% of the portfolio. Compared to the previous quarter, the fund opened 12 new positions and closed 8 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.