Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ENERGY TRANSFER PRTNRS L P	127,467	$4.122M	5.7%	$32.34	—	UNIT LTD PARTN	29273R109
—	BUCKEYE PARTNERS L P	53,149	$3.611M	5.0%	$67.02	—	UNIT LTD PARTN	118230101
—	SUNOCO LOGISTICS PRTNRS L P	132,642	$3.325M	4.6%	$25.07	—	COM UNITS	86764L108
MPLX	MPLX LP	96,788	$2.874M	4.0%	$29.69	—	COM UNIT REP LTD	55336V100
EPD	ENTERPRISE PRODS PARTNERS L	116,630	$2.871M	4.0%	$25.07	—	COM	293792107
—	WILLIAMS PARTNERS L P NEW	140,345	$2.87M	4.0%	$20.45	—	COM UNIT LTD PAR	96949L105
—	MAGELLAN MIDSTREAM PRTNRS LP	40,418	$2.781M	3.8%	$67.93	—	COM UNIT RP LP	559080106
WMB	WILLIAMS COS INC DEL	134,427	$2.16M	3.0%	$14.49	-31.7%	COM	969457100
—	EQT MIDSTREAM PARTNERS LP	21,445	$1.596M	2.2%	$74.42	—	UNIT LTD PARTN	26885B100
—	ENBRIDGE ENERGY PARTNERS L P	85,110	$1.559M	2.1%	$18.32	—	COM	29250R106
GEL	GENESIS ENERGY L P	45,910	$1.459M	2.0%	$33.54	—	UNIT LTD PARTN	371927104
—	WESTERN GAS PARTNERS LP	29,879	$1.297M	1.8%	$45.39	—	COM UNIT LP IN	958254104
—	TESORO LOGISTICS LP	26,334	$1.202M	1.7%	$45.64	—	COM UNIT LP	88160T107
TRGP	TARGA RES CORP	40,156	$1.199M	1.7%	$15.07	0.0%	COM	87612G101
—	PHILLIPS 66 PARTNERS LP	18,543	$1.161M	1.6%	$61.97	—	COM UNIT REP INT	718549207
—	ONEOK PARTNERS LP	30,989	$973K	1.3%	$31.40	—	UNIT LTD PARTN	68268N103
ET	ENERGY TRANSFER EQUITY L P	124,532	$888K	1.2%	$7.13	—	COM UT LTD PTN	29273V100
—	DCP MIDSTREAM PARTNERS LP	28,568	$778K	1.1%	$27.23	—	COM UT LTD PTN	23311P100
TBPH	THERAVANCE BIOPHARMA INC	37,703	$709K	1.0%	$16.36	0.0%	COM	G8807B106
OMER	OMEROS CORP	44,237	$679K	0.9%	$13.81	-12.0%	COM	682143102
—	MEDIVATION INC	14,197	$653K	0.9%	$46.00	—	COM	58501N101
—	ENLINK MIDSTREAM PARTNERS LP	53,248	$643K	0.9%	$12.08	—	COM UNIT REP LTD	29336U107
—	ARENA PHARMACEUTICALS INC	323,107	$637K	0.9%	$1.90	—	COM	040047102
—	KERYX BIOPHARMACEUTICALS INC	136,472	$637K	0.9%	$5.05	—	COM	492515101
LGND	LIGAND PHARMACEUTICALS INC	5,543	$594K	0.8%	$60.78	0.0%	COM NEW	53220K504
—	ARIAD PHARMACEUTICALS INC	92,602	$592K	0.8%	$6.39	—	COM	04033A100
IRWD	IRONWOOD PHARMACEUTICALS INC	53,788	$588K	0.8%	$8.25	0.0%	COM CL A	46333X108
—	RAPTOR PHARMACEUTICAL CORP	126,869	$584K	0.8%	$4.60	—	COM	75382F106
VNDA	VANDA PHARMACEUTICALS INC	67,021	$560K	0.8%	$9.98	-17.8%	COM	921659108
ENTA	ENANTA PHARMACEUTICALS INC	18,689	$549K	0.8%	$27.84	0.0%	COM	29251M106
AMGN	AMGEN INC	3,644	$546K	0.8%	$116.50	-4.9%	COM	031162100
—	WESTERN GAS EQUITY PARTNERS	15,311	$546K	0.8%	$35.66	—	COMUNT LTD PT	95825R103
GILD	GILEAD SCIENCES INC	5,810	$534K	0.7%	$72.90	-12.9%	COM	375558103
BIIB	BIOGEN INC	2,045	$532K	0.7%	$264.15	0.0%	COM	09062X103
—	PDL BIOPHARMA INC	158,634	$528K	0.7%	$3.33	—	COM	69329Y104
—	NEKTAR THERAPEUTICS	38,260	$526K	0.7%	$16.86	—	COM	640268108
—	SEATTLE GENETICS INC	14,541	$510K	0.7%	$44.91	—	COM	812578102
—	CELGENE CORP	4,884	$489K	0.7%	$119.78	—	COM	151020104
BMRN	BIOMARIN PHARMACEUTICAL INC	5,902	$487K	0.7%	$81.36	0.0%	COM	09061G101
—	MEDICINES CO	15,331	$487K	0.7%	$37.31	—	COM	584688105
PAA	PLAINS ALL AMERN PIPELINE L	22,806	$478K	0.7%	$23.08	—	UNIT LTD PARTN	726503105
—	CRESTWOOD EQUITY PARTNERS LP	40,914	$477K	0.7%	$16.03	—	UNIT LTD PARTNER	226344208
—	XENOPORT INC	101,554	$458K	0.6%	$4.51	—	COM	98411C100
EXEL	EXELIXIS INC	114,429	$458K	0.6%	$4.23	0.0%	COM	30161Q104
—	PROGENICS PHARMACEUTICALS IN	103,807	$453K	0.6%	$6.13	—	COM	743187106
—	ALEXION PHARMACEUTICALS INC	3,167	$441K	0.6%	$190.72	—	COM	015351109
IONS	IONIS PHARMACEUTICALS INC	10,447	$423K	0.6%	$53.96	-24.7%	COM	462222100
UTHR	UNITED THERAPEUTICS CORP DEL	3,669	$409K	0.6%	$126.54	0.0%	COM	91307C102
—	ACORDA THERAPEUTICS INC	15,412	$408K	0.6%	$26.47	—	COM	00484M106
VRTX	VERTEX PHARMACEUTICALS INC	5,033	$400K	0.6%	$90.45	0.0%	COM	92532F100
—	RETROPHIN INC	28,634	$391K	0.5%	$19.28	—	COM	761299106
—	TC PIPELINES LP	8,068	$389K	0.5%	$48.22	—	UT COM LTD PRT	87233Q108
REGN	REGENERON PHARMACEUTICALS	1,057	$381K	0.5%	$409.79	0.0%	COM	75886F107
INCY	INCYTE CORP	5,113	$371K	0.5%	$74.53	0.0%	COM	45337C102
—	INOVIO PHARMACEUTICALS INC	40,487	$353K	0.5%	$8.72	—	COM NEW	45773H201
HALO	HALOZYME THERAPEUTICS INC	36,695	$348K	0.5%	$9.41	0.0%	COM	40637H109
—	MOMENTA PHARMACEUTICALS INC	37,282	$344K	0.5%	$9.23	—	COM	60877T100
NGL	NGL ENERGY PARTNERS LP	40,261	$303K	0.4%	$7.53	—	COM UNIT REPST	62913M107
—	ADVAXIS INC	31,328	$283K	0.4%	$10.05	—	COM NEW	007624208
—	ANACOR PHARMACEUTICALS INC	5,147	$275K	0.4%	$112.88	—	COM	032420101
—	AGENUS INC	64,543	$268K	0.4%	$4.15	—	COM NEW	00847G705
—	MERRIMACK PHARMACEUTICALS IN	31,577	$264K	0.4%	$7.89	—	COM	590328100
—	SPECTRA ENERGY CORP	8,481	$260K	0.4%	$23.97	—	COM	847560109
—	FIVE PRIME THERAPEUTICS INC	6,321	$257K	0.4%	$40.66	—	COM	33830X104
XNCR	XENCOR INC	18,040	$242K	0.3%	$11.83	0.0%	COM	98401F105
—	LOXO ONCOLOGY INC	8,712	$238K	0.3%	$28.41	—	COM	548862101
FOLD	AMICUS THERAPEUTICS INC	27,420	$232K	0.3%	$7.08	0.0%	COM	03152W109
LXRX	LEXICON PHARMACEUTICALS INC	19,267	$230K	0.3%	$12.29	-14.7%	COM NEW	528872302
ADAPY	ADAPTIMMUNE THERAPEUTICS PLC	28,182	$229K	0.3%	$8.13	—	SPONDS ADR	00653A107
—	PARATEK PHARMACEUTICALS INC	14,884	$226K	0.3%	$18.96	—	COM	699374302
ABUS	ARBUTUS BIOPHARMA CORP	54,471	$225K	0.3%	$3.57	0.0%	COM	03879J100
—	ATARA BIOTHERAPEUTICS INC	11,431	$218K	0.3%	$26.45	—	COM	046513107
—	IMMUNOMEDICS INC	87,062	$218K	0.3%	$3.07	—	COM	452907108
—	ARROWHEAD RESH CORP	44,714	$216K	0.3%	$6.14	—	COM NEW	042797209
—	TESARO INC	4,904	$216K	0.3%	$52.40	—	COM	881569107
—	ZIOPHARM ONCOLOGY INC	29,020	$215K	0.3%	$7.41	—	COM	98973P101
—	REGULUS THERAPEUTICS INC	30,524	$212K	0.3%	$6.95	—	COM	75915K101
ACAD	ACADIA PHARMACEUTICALS INC	7,357	$206K	0.3%	$35.23	-38.0%	COM	004225108
TGTX	TG THERAPEUTICS INC	23,986	$204K	0.3%	$8.75	0.0%	COM	88322Q108
—	JUNO THERAPEUTICS INC	5,353	$204K	0.3%	$38.11	—	COM	48205A109
—	LA JOLLA PHARMACEUTICAL CO	9,645	$202K	0.3%	$27.02	—	COM PAR $.0001 2	503459604
AGIO	AGIOS PHARMACEUTICALS INC	4,954	$201K	0.3%	$42.75	0.0%	COM	00847X104
—	EPIZYME INC	16,400	$199K	0.3%	$12.13	—	COM	29428V104
—	TREVENA INC	23,988	$198K	0.3%	$10.52	—	COM	89532E109
—	ACHILLION PHARMACEUTICALS IN	25,711	$198K	0.3%	$7.70	—	COM	00448Q201
—	INTERCEPT PHARMACEUTICALS IN	1,535	$197K	0.3%	$128.34	—	COM	45845P108
—	ARRAY BIOPHARMA INC	66,376	$196K	0.3%	$2.95	—	COM	04269X105
—	ENLINK MIDSTREAM LLC	17,251	$194K	0.3%	$11.25	—	COM UNIT REP LTD	29336T100
—	UNITED STATES OIL FUND LP	20,000	$194K	0.3%	$9.70	—	UNITS	91232N108
SRNE	SORRENTO THERAPEUTICS INC	36,130	$194K	0.3%	$5.81	0.0%	COM NEW	83587F202
AKBA	AKEBIA THERAPEUTICS INC	21,430	$193K	0.3%	$8.11	0.0%	COM	00972D105
—	BLUEPRINT MEDICINES CORP	10,484	$189K	0.3%	$18.03	—	COM	09627Y109
—	DYNAVAX TECHNOLOGIES CORP	9,768	$188K	0.3%	$24.18	—	COM NEW	268158201
NBIX	NEUROCRINE BIOSCIENCES INC	4,760	$188K	0.3%	$39.68	0.0%	COM	64125C109
INSM	INSMED INC	14,788	$187K	0.3%	$17.62	-25.4%	COM PAR $.01	457669307
ESPR	ESPERION THERAPEUTICS INC NE	11,011	$186K	0.3%	$16.09	0.0%	COM	29664W105
—	AIMMUNE THERAPEUTICS INC	13,666	$185K	0.3%	$13.54	—	COM	00900T107
—	KITE PHARMA INC	3,940	$181K	0.2%	$45.94	—	COM	49803L109
—	BLUEBIRD BIO INC	4,252	$181K	0.2%	$42.57	—	COM	09609G100
INFIQ	INFINITY PHARMACEUTICALS INC	34,021	$179K	0.2%	$6.12	0.0%	COM	45665G303
—	ALDER BIOPHARMACEUTICALS INC	7,273	$178K	0.2%	$33.00	—	COM	014339105
ALNY	ALNYLAM PHARMACEUTICALS INC	2,799	$176K	0.2%	$66.49	0.0%	COM	02043Q107
SGMO	SANGAMO BIOSCIENCES INC	29,061	$176K	0.2%	$7.71	-22.1%	COM	800677106
—	VERSARTIS INC	21,910	$176K	0.2%	$8.03	—	COM	92529L102
—	SERES THERAPEUTICS INC	6,580	$175K	0.2%	$26.60	—	COM	81750R102
—	FIBROGEN INC	8,215	$175K	0.2%	$21.30	—	COM	31572Q808
—	CONCERT PHARMACEUTICALS INC	12,664	$173K	0.2%	$18.95	—	COM	206022105
—	MIRATI THERAPEUTICS INC	7,828	$168K	0.2%	$21.46	—	COM	60468T105
QURE	UNIQURE NV	14,182	$168K	0.2%	$14.77	0.0%	SHS	N90064101
—	IMMUNOGEN INC	19,257	$164K	0.2%	$8.52	—	COM	45253H101
—	LION BIOTECHNOLOGIES INC	32,352	$164K	0.2%	$5.07	—	COM	53619R102
GERN	GERON CORP	55,936	$163K	0.2%	$4.02	-25.4%	COM	374163103
—	KARYOPHARM THERAPEUTICS INC	17,923	$160K	0.2%	$8.93	—	COM	48576U106
—	NOVAVAX INC	30,787	$159K	0.2%	$8.38	—	COM	670002104
MGNX	MACROGENICS INC	8,385	$157K	0.2%	$30.38	-37.3%	COM	556099109
CYTK	CYTOKINETICS INC	22,124	$156K	0.2%	$7.31	0.0%	COM NEW	23282W605
—	SPARK THERAPEUTICS INC	5,251	$155K	0.2%	$29.52	—	COM	84652J103
RARE	ULTRAGENYX PHARMACEUTICAL IN	2,404	$152K	0.2%	$65.43	0.0%	COM	90400D108
—	ACCELERON PHARMA INC	5,756	$152K	0.2%	$26.41	—	COM	00434H108
PRTA	PROTHENA CORP PLC	3,650	$150K	0.2%	$39.14	0.0%	SHS	G72800108
—	SAGE THERAPEUTICS INC	4,602	$148K	0.2%	$32.16	—	COM	78667J108
—	OPHTHOTECH CORP	3,510	$148K	0.2%	$78.45	—	COM	683745103
—	ONCOTHYREON INC	116,667	$148K	0.2%	$2.22	—	COM	682324108
—	IDERA PHARMACEUTICALS INC	74,038	$147K	0.2%	$1.99	—	COM NEW	45168K306
—	IGNYTA INC	21,317	$144K	0.2%	$13.38	—	COM	451731103
—	AXOVANT SCIENCES LTD	12,579	$144K	0.2%	$11.45	—	COM	G0750W104
—	CLOVIS ONCOLOGY INC	7,526	$144K	0.2%	$35.00	—	COM	189464100
—	CEMPRA INC	8,058	$141K	0.2%	$17.50	—	COM	15130J109
—	BELLICUM PHARMACEUTICALS INC	14,202	$133K	0.2%	$20.28	—	COM	079481107
SRPT	SAREPTA THERAPEUTICS INC	6,770	$132K	0.2%	$32.42	-46.1%	COM	803607100
—	RADIUS HEALTH INC	4,086	$128K	0.2%	$61.45	—	COM NEW	750469207
—	NEWLINK GENETICS CORP	7,029	$128K	0.2%	$36.34	—	COM	651511107
—	RELYPSA INC	9,227	$125K	0.2%	$28.36	—	COM	759531106
—	ONCOMED PHARMACEUTICALS INC	12,369	$125K	0.2%	$10.11	—	COM	68234X102
—	TETRAPHASE PHARMACEUTICALS I	26,478	$123K	0.2%	$4.65	—	COM	88165N105
—	PRONAI THERAPEUTICS INC	17,902	$121K	0.2%	$6.76	—	COM	74346L101
—	SYNERGY PHARMACEUTICALS DEL	43,341	$120K	0.2%	$5.67	—	COM NEW	871639308
—	NANTKWEST INC	14,563	$120K	0.2%	$8.24	—	COM	63016Q102
—	GLOBAL BLOOD THERAPEUTICS IN	7,582	$120K	0.2%	$15.83	—	COM	37890U108
—	VITAE PHARMACEUTICALS INC	17,530	$116K	0.2%	$6.62	—	COM	92847N103
NWBO	NORTHWEST BIOTHERAPEUTICS IN	78,696	$115K	0.2%	$1.97	0.0%	COM PAR $0.001	66737P600
—	PORTOLA PHARMACEUTICALS INC	5,232	$107K	0.1%	$51.43	—	COM	737010108
—	ADURO BIOTECH INC	7,966	$102K	0.1%	$12.80	—	COM	00739L101
—	CARA THERAPEUTICS INC	16,267	$101K	0.1%	$16.88	—	COM	140755109
ARDX	ARDELYX INC	12,922	$100K	0.1%	$18.62	-47.1%	COM	039697107
PBYI	PUMA BIOTECHNOLOGY INC	3,321	$98,000	0.1%	$45.19	0.0%	COM	74587V107
BCRX	BIOCRYST PHARMACEUTICALS	26,246	$74,000	0.1%	$4.43	0.0%	COM	09058V103
—	SPECTRA ENERGY PARTNERS LP	1,449	$70,000	0.1%	$48.31	—	COM	84756N109
—	CELLDEX THERAPEUTICS INC NEW	17,247	$65,000	0.1%	$3.77	—	COM	15117B103
—	NUSTAR ENERGY LP	1,588	$64,000	0.1%	$40.30	—	UNIT COM	67058H102
PTCT	PTC THERAPEUTICS INC	8,777	$57,000	0.1%	$17.36	0.0%	COM	69366J200
—	SHELL MIDSTREAM PARTNERS L P	1,445	$53,000	0.1%	$39.26	—	UNIT LTD INT	822634101
—	CHIMERIX INC	7,232	$37,000	0.1%	$5.12	—	COM	16934W106