First Turn Management, LLC Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$536.0B

Holdings

35

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (35 positions)

#StockSharesValue% PortfolioType
1
IM8NINSMED INC
372,672$37.5B7.00%
2
VRNAVERONA PHARMA PLC
309,988$29.3B5.47%
3
MIRMMIRUM PHARMACEUTICALS INC
527,540$26.8B5.01%
4
NUVLNUVALENT INC
320,798$24.5B4.57%
5
ARGXARGENX SE
43,953$24.2B4.52%
6
BBIOBRIDGEBIO PHARMA INC
551,684$23.8B4.44%
7
ASNDASCENDIS PHARMA A/S
134,687$23.2B4.34%
8
XENEXENON PHARMACEUTICALS INC
660,617$20.7B3.86%
9
ORICORIC PHARMACEUTICALS INC
2,009,923$20.4B3.81%
10
NTRANATERA INC
118,130$20.0B3.72%
11
ADMAADMA BIOLOGICS INC
1,092,361$19.9B3.71%
12
ISRGINTUITIVE SURGICAL INC
32,305$17.6B3.27%
13
PODDINSULET CORP
51,408$16.2B3.01%
14
TGTXTG THERAPEUTICS INC
447,884$16.1B3.01%
15
IRONDISC MEDICINE INC
299,464$15.9B2.96%
16
GHGUARDANT HEALTH INC
302,307$15.7B2.93%
17
MRUSMERUS N V
292,964$15.4B2.87%
18
RVMDREVOLUTION MEDICINES INC
415,591$15.3B2.85%
19
AXSMAXSOME THERAPEUTICS INC
144,400$15.1B2.81%
20
BSXBOSTON SCIENTIFIC CORP
138,834$14.9B2.78%
21
ACLXARCELLX INC
215,223$14.2B2.64%
22
APGEAPOGEE THERAPEUTICS INC
311,490$13.5B2.52%
23
RDNTRADNET INC
197,759$11.3B2.10%
24
JANXJANUX THERAPEUTICS INC
447,420$10.3B1.93%
25
ELVNENLIVEN THERAPEUTICS INC
509,987$10.2B1.91%
26
NAMSNEWAMSTERDAM PHARMA COMPANY
521,097$9.4B1.76%
27
HQYHEALTHEQUITY INC
80,880$8.5B1.58%
28
SPRYARS PHARMACEUTICALS INC
455,953$8.0B1.48%
29
VERAVERA THERAPEUTICS INC
309,666$7.3B1.36%
30
SLNOSOLENO THERAPEUTICS INC
86,332$7.2B1.35%
31
HROWHARROW INC
228,761$7.0B1.30%
32
AKROAKERO THERAPEUTICS INC
114,554$6.1B1.14%
33
ALNYALNYLAM PHARMACEUTICALS INC
17,879$5.8B1.09%
34
KALVKALVISTA PHARMACEUTICALS INC
214,138$2.4B0.45%
35
BBNXBETA BIONICS INC
157,194$2.3B0.43%