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PFM Health Sciences, LP

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13F filer, CIK 1442756, SAN FRANCISCO, CA

PFM Health Sciences, LP reported $1,096,740,595 across 83 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 41.14% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001442756-26-000002

Period
2026-03-31
Reported value
$1.1B
Holdings
83
Top 10 weight
41.14%
New
25
Sold out
20

Largest buys vs the previous quarter

SecurityShares changeApprox. value
JAZZadded+127,633$24.1M
INDVnew+574,666$17.5M
ABTnew+140,432$14.4M
MDGLadded+26,888$14.1M
ACHCnew+582,745$13.6M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
ADMAexited-1,270,894-$23.2M
MDTexited-213,796-$20.5M
MRKexited-187,834-$19.8M
UTHRreduced-27,938-$16.6M
CNCreduced-461,938-$15.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001442756-26-000002, largest first. % of portfolio is the value over $950,244,293, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
THCTENET HEALTHCARE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 589,409 shares; 2024Q4: 491,334 shares; 2025Q1: 491,334 shares; 2025Q2: 499,243 shares; 2025Q3: 461,654 shares; 2025Q4: 397,767 shares; 2026Q1: 398,567 shares 398,567$75.2M7.92%+800Timeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 298,643 shares; 2024Q4: 298,643 shares; 2025Q1: 273,778 shares; 2025Q2: 268,023 shares; 2025Q3: 225,139 shares; 2025Q4: 68,289 shares; 2026Q1: 65,762 shares 65,762$60.5M6.37%-2,527Timeline
PENPENUMBRA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 166,261 shares; 2024Q4: 166,261 shares; 2025Q1: 166,261 shares; 2025Q2: 166,261 shares; 2025Q3: 195,085 shares; 2025Q4: 145,171 shares; 2026Q1: 139,779 shares 139,779$45.9M4.83%-5,392Timeline
AXSMAXSOME THERAPEUTICS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 467,427 shares; 2024Q4: 467,427 shares; 2025Q1: 556,545 shares; 2025Q2: 483,105 shares; 2025Q3: 530,332 shares; 2025Q4: 251,562 shares; 2026Q1: 264,304 shares 264,304$44.7M4.7%+12,742Timeline
ASNDASCENDIS PHARMA A/SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 90,766 shares; 2024Q4: 52,392 shares; 2025Q1: 186,916 shares; 2025Q2: 221,754 shares; 2025Q3: 145,311 shares; 2025Q4: 177,685 shares; 2026Q1: 152,034 shares 152,034$34.8M3.66%-25,651Timeline
JAZZJAZZ PHARMACEUTICALS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 17,597 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 50,511 shares; 2026Q1: 178,144 shares 178,144$33.7M3.54%+127,633Timeline
NBIXNEUROCRINE BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 166,803 shares; 2025Q1: not reported; 2025Q2: 12,821 shares; 2025Q3: 57,246 shares; 2025Q4: 163,197 shares; 2026Q1: 215,678 shares 215,678$28.4M2.99%+52,481Timeline
UTHRUNITED THERAPEUTICS CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 52,500 shares; 2025Q1: not reported; 2025Q2: 36,391 shares; 2025Q3: 95,650 shares; 2025Q4: 67,743 shares; 2026Q1: 39,805 shares 39,805$23.6M2.48%-27,938Timeline
GKOSGLAUKOS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 201,676 shares; 2026Q1: 215,685 shares 215,685$23.2M2.44%+14,009Timeline
CNTACENTESSA PHARMACEUTICALS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 269,158 shares; 2024Q4: 371,766 shares; 2025Q1: 570,546 shares; 2025Q2: 344,972 shares; 2025Q3: 666,196 shares; 2025Q4: 591,601 shares; 2026Q1: 528,224 shares 528,224$21M2.21%-63,377Timeline
INBXINHIBRX BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 135,546 shares; 2024Q4: 135,546 shares; 2025Q1: 439,283 shares; 2025Q2: 244,261 shares; 2025Q3: 239,644 shares; 2025Q4: 265,517 shares; 2026Q1: 305,431 shares 305,431$20.5M2.16%+39,914Timeline
EWEDWARDS LIFESCIENCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 390,863 shares; 2024Q4: 594,172 shares; 2025Q1: 379,954 shares; 2025Q2: 392,503 shares; 2025Q3: 381,324 shares; 2025Q4: 246,835 shares; 2026Q1: 254,510 shares 254,510$20.4M2.14%+7,675Timeline
BBIOBRIDGEBIO PHARMA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 290,242 shares; 2025Q1: 908,135 shares; 2025Q2: 521,793 shares; 2025Q3: 327,174 shares; 2025Q4: 306,506 shares; 2026Q1: 257,747 shares 257,747$19.1M2.01%-48,759Timeline
MDGLMADRIGAL PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 7,258 shares; 2026Q1: 34,146 shares 34,146$17.9M1.88%+26,888Timeline
INDVINDIVIOR PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 574,666 shares 574,666$17.5M1.84%newTimeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 75,588 shares; 2024Q4: 75,588 shares; 2025Q1: 35,904 shares; 2025Q2: 34,623 shares; 2025Q3: not reported; 2025Q4: 50,539 shares; 2026Q1: 58,038 shares 58,038$15.7M1.65%+7,499Timeline
DNTHDIANTHUS THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 67,840 shares; 2025Q4: 99,576 shares; 2026Q1: 172,137 shares 172,137$14.4M1.52%+72,561Timeline
ABTABBOTT LABORATORIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 140,432 shares 140,432$14.4M1.52%newTimeline
RVMDREVOLUTION MEDICINES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 331,069 shares; 2025Q4: 151,453 shares; 2026Q1: 140,770 shares 140,770$13.7M1.44%-10,683Timeline
ACHCACADIA HEALTHCARE COMPANY INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 686,150 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 582,745 shares 582,745$13.6M1.43%newTimeline
NEONEOGENOMICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 585,381 shares; 2025Q2: 770,038 shares; 2025Q3: 2,208,530 shares; 2025Q4: 1,694,051 shares; 2026Q1: 1,784,552 shares 1,784,552$13.2M1.39%+90,501Timeline
COOCOOPER COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 74,363 shares; 2025Q4: 100,802 shares; 2026Q1: 169,829 shares 169,829$12.1M1.28%+69,027Timeline
NTRANATERA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 101,250 shares; 2025Q3: 115,596 shares; 2025Q4: not reported; 2026Q1: 60,004 shares 60,004$12M1.26%newTimeline
ITGRINTEGER HLDGS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 106,585 shares; 2026Q1: 135,081 shares 135,081$11.9M1.25%+28,496Timeline
RYTMRHYTHM PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 48,162 shares; 2025Q4: 40,210 shares; 2026Q1: 136,621 shares 136,621$11.9M1.25%+96,411Timeline
WATWATERS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 51,063 shares; 2024Q4: 59,053 shares; 2025Q1: 51,858 shares; 2025Q2: 43,089 shares; 2025Q3: 30,751 shares; 2025Q4: 43,208 shares; 2026Q1: 39,763 shares 39,763$11.8M1.25%-3,445Timeline
AMRXAMNEAL PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 355,818 shares; 2025Q4: 1,465,480 shares; 2026Q1: 930,096 shares 930,096$11.6M1.22%-535,384Timeline
PRAXPRAXIS PRECISION MEDICINES IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 183,092 shares; 2024Q4: 119,509 shares; 2025Q1: 160,866 shares; 2025Q2: 84,713 shares; 2025Q3: 60,578 shares; 2025Q4: 31,163 shares; 2026Q1: 35,438 shares 35,438$11.4M1.2%+4,275Timeline
HSICSCHEIN HENRY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 153,114 shares 153,114$11.3M1.19%newTimeline
CGONCG ONCOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 157,874 shares; 2025Q4: 163,967 shares; 2026Q1: 165,925 shares 165,925$11.2M1.18%+1,958Timeline
MMSIMERIT MED SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 162,469 shares 162,469$11.2M1.18%newTimeline
CLDXCELLDEX THERAPEUTICS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 52,120 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 133,161 shares; 2026Q1: 324,957 shares 324,957$10.3M1.08%+191,796Timeline
BLTEBELITE BIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 19,823 shares; 2026Q1: 59,432 shares 59,432$9.48M1%+39,609Timeline
DXCMDEXCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 328,763 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 227,357 shares; 2026Q1: 149,734 shares 149,734$9.4M0.99%-77,623Timeline
TERNTERNS PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 172,962 shares 172,962$9.12M0.96%newTimeline
CNCCENTENE CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 144,501 shares; 2025Q1: 135,398 shares; 2025Q2: not reported; 2025Q3: 574,360 shares; 2025Q4: 725,424 shares; 2026Q1: 263,486 shares 263,486$8.63M0.91%-461,938Timeline
VKTXVIKING THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 37,729 shares; 2025Q3: 183,538 shares; 2025Q4: 188,956 shares; 2026Q1: 263,106 shares 263,106$8.56M0.9%+74,150Timeline
ORKAORUKA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 174,052 shares 174,052$8.54M0.9%newTimeline
TNGXTANGO THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 406,245 shares 406,245$8.5M0.89%newTimeline
SLNOSOLENO THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 307,503 shares; 2025Q1: 595,206 shares; 2025Q2: 407,202 shares; 2025Q3: 243,401 shares; 2025Q4: 247,893 shares; 2026Q1: 248,180 shares 248,180$8.31M0.87%+287Timeline
BTSGBRIGHTSPRING HEALTH SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 118,525 shares; 2026Q1: 187,335 shares 187,335$7.98M0.84%+68,810Timeline
CMPSCOMPASS PATHWAYS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 451,267 shares; 2024Q4: 451,267 shares; 2025Q1: 451,267 shares; 2025Q2: 1,779,259 shares; 2025Q3: 1,662,836 shares; 2025Q4: 779,618 shares; 2026Q1: 1,367,099 shares 1,367,099$7.56M0.8%+587,481Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 58,433 shares; 2024Q4: 21,040 shares; 2025Q1: 21,897 shares; 2025Q2: not reported; 2025Q3: 2,314 shares; 2025Q4: 37,915 shares; 2026Q1: 14,832 shares 14,832$7.29M0.77%-23,083Timeline
NVONOVO-NORDISK A SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 197,181 shares 197,181$7.25M0.76%newTimeline
SYKSTRYKER CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 67,014 shares; 2024Q4: 32,349 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 50,852 shares; 2026Q1: 21,957 shares 21,957$7.21M0.76%-28,895Timeline
VERAVERA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 513,685 shares; 2025Q4: 107,690 shares; 2026Q1: 174,867 shares 174,867$7.03M0.74%+67,177Timeline
BLLNBILLIONTOONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 87,547 shares; 2026Q1: 88,069 shares 88,069$6.95M0.73%+522Timeline
CAHCARDINAL HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 148,173 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 62,341 shares; 2026Q1: 31,941 shares 31,941$6.75M0.71%-30,400Timeline
ICLRICON PUB LTD COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 116,532 shares; 2024Q4: 128,637 shares; 2025Q1: 41,038 shares; 2025Q2: 88,181 shares; 2025Q3: 133,683 shares; 2025Q4: 115,336 shares; 2026Q1: 57,500 shares 57,500$6.36M0.67%-57,836Timeline
ALHCALIGNMENT HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 359,826 shares 359,826$6.34M0.67%newTimeline
HCAHCA HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 124,840 shares; 2024Q4: 69,441 shares; 2025Q1: 77,464 shares; 2025Q2: 72,290 shares; 2025Q3: 65,773 shares; 2025Q4: 13,865 shares; 2026Q1: 13,351 shares 13,351$6.32M0.66%-514Timeline
GPCRSTRUCTURE THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 40,400 shares; 2025Q2: 56,594 shares; 2025Q3: 115,073 shares; 2025Q4: 68,248 shares; 2026Q1: 126,383 shares 126,383$6.09M0.64%+58,135Timeline
ROIVROIVANT SCIENCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 207,446 shares 207,446$5.75M0.6%newTimeline
OSCROSCAR HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 860,821 shares; 2024Q4: 860,821 shares; 2025Q1: 860,821 shares; 2025Q2: 735,033 shares; 2025Q3: 820,642 shares; 2025Q4: 499,837 shares; 2026Q1: 499,837 shares 499,837$5.73M0.6%0Timeline
SNDXSYNDAX PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 423,910 shares; 2024Q4: 206,871 shares; 2025Q1: 926,424 shares; 2025Q2: not reported; 2025Q3: 256,488 shares; 2025Q4: 242,967 shares; 2026Q1: 245,021 shares 245,021$5.72M0.6%+2,054Timeline
TARSTARSUS PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 27,338 shares; 2026Q1: 80,226 shares 80,226$5.63M0.59%+52,888Timeline
PSNLPERSONALIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 805,817 shares; 2026Q1: 870,097 shares 870,097$5.54M0.58%+64,280Timeline
KODKODIAK SCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 114,719 shares 114,719$4.37M0.46%newTimeline
ARWRARROWHEAD PHARMACEUTICALS INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 64,279 shares 64,279$4.03M0.42%newTimeline
EPRXEUPRAXIA PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 540,871 shares 540,871$3.92M0.41%newTimeline
DFTXDEFINIUM THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 205,317 shares 205,317$3.88M0.41%newTimeline
MLYSMINERALYS THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 47,637 shares; 2026Q1: 142,677 shares 142,677$3.87M0.41%+95,040Timeline
MDLNMEDLINE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 85,000 shares; 2026Q1: 86,777 shares 86,777$3.86M0.41%+1,777Timeline
CAPRCAPRICOR THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 152,779 shares; 2024Q4: 54,357 shares; 2025Q1: 140,681 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 123,831 shares 123,831$3.76M0.4%newTimeline
ILMNILLUMINA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 28,869 shares 28,869$3.56M0.37%newTimeline
ARGXARGENX SEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 86,832 shares; 2024Q4: 63,699 shares; 2025Q1: 68,999 shares; 2025Q2: 7,237 shares; 2025Q3: 6,403 shares; 2025Q4: 4,202 shares; 2026Q1: 4,535 shares 4,535$3.31M0.35%+333Timeline
CGEMCULLINAN THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 182,810 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 227,003 shares; 2026Q1: 227,406 shares 227,406$3.23M0.34%+403Timeline
ABVXABIVAX SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 31,878 shares; 2026Q1: 26,664 shares 26,664$2.97M0.31%-5,214Timeline
OMOUTSET MED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,685,727 shares; 2025Q2: 1,664,727 shares; 2025Q3: 1,729,921 shares; 2025Q4: 530,796 shares; 2026Q1: 594,630 shares 594,630$2.28M0.24%+63,834Timeline
MBXMBX BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 221,505 shares; 2025Q4: 79,310 shares; 2026Q1: 71,894 shares 71,894$2.15M0.23%-7,416Timeline
AMLXAMYLYX PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 834,135 shares; 2025Q2: 732,256 shares; 2025Q3: 436,156 shares; 2025Q4: 134,549 shares; 2026Q1: 145,275 shares 145,275$2.02M0.21%+10,726Timeline
CRBUCARIBOU BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 4,306,671 shares; 2024Q4: 3,876,462 shares; 2025Q1: 2,506,435 shares; 2025Q2: 1,358,831 shares; 2025Q3: 1,358,831 shares; 2025Q4: 957,787 shares; 2026Q1: 957,787 shares 957,787$1.82M0.19%0Timeline
GMEDGLOBUS MED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 16,923 shares 16,923$1.46M0.15%newTimeline
TECXTECTONIC THERAPEUTIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 42,724 shares; 2026Q1: 46,129 shares 46,129$1.43M0.15%+3,405Timeline
QUREUNIQURE NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 121,628 shares; 2024Q4: 283,158 shares; 2025Q1: 599,967 shares; 2025Q2: 174,331 shares; 2025Q3: 46,353 shares; 2025Q4: 39,499 shares; 2026Q1: 42,635 shares 42,635$697K0.07%+3,136Timeline
RZLTREZOLUTE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 434,134 shares; 2025Q3: 452,733 shares; 2025Q4: 206,265 shares; 2026Q1: 128,726 shares 128,726$393K0.04%-77,539Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
XBISPDR SERIES TRUST S&P BIOTECHput455,300$58.2Mnew
XLVSELECT SECTOR SPDR TR SHScall238,900$35Mnew
UTHRUNITED THERAPEUTICS CORP DEL Stockput45,900$27.2Mnew
UTHRUNITED THERAPEUTICS CORP DEL Stockcall31,700$18.8Mnew
ASNDASCENDIS PHARMA A/S SPONSORED ADRcall22,400$5.12Mnew
HCAHCA HEALTHCARE INC COMput4,600$2.18Mnew

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
ASCENDIS PHARMA A/SASCENDIS PHARMA A/S Convertible bondprincipal11,505,000$16.9M+850,000

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
ADMAADMA BIOLOGICS INC1,270,894$23.2Mshares
MDTMEDTRONIC PLC213,796$20.5Mshares
MRKMERCK & CO INC187,834$19.8Mshares
CNCCENTENE CORP DEL372,300$15.3Mcall
INDIVIOR PLCINDIVIOR PLC360,695$12.9Mshares
UHSUNIVERSAL HLTH SVCS INC57,409$12.5Mshares
TFXTELEFLEX INCORPORATED102,395$12.5Mshares
ISRGINTUITIVE SURGICAL INC15,410$8.73Mshares
GILDGILEAD SCIENCES INC71,018$8.72Mshares
CVSCVS HEALTH CORP107,767$8.55Mshares
SNYSANOFI SA176,413$8.55Mshares
IQVIQVIA HLDGS INC37,852$8.53Mshares
VEEVVEEVA SYS INC32,489$7.25Mshares
ALGNALIGN TECHNOLOGY INC42,304$6.61Mshares
ELANELANCO ANIMAL HEALTH INC207,311$4.69Mshares
MOHMOLINA HEALTHCARE INC22,802$3.96Mshares
FTREFORTREA HLDGS INC165,439$2.85Mshares
IRONDISC MEDICINE INC11,002$874Kshares
NPCENEUROPACE INC11,329$175Kshares
TMCITREACE MED CONCEPTS INC50,000$122Kshares

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001442756-26-000002 base2026-05-15acceptance time not in the bulk data set