First Turn Management, LLC Diversified Active

Location: Del Mar, CA

CIK: 0001993440 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Feb 14, 2025

Total Value: $558M (100.0% shares, 0.0% debt)

Holdings (36)

INSM INSMED INC 5.5%

Value $30.86M Shares 446,980 Est. Cost $48.11 Unrealized +49.7%

— VERONA PHARMA PLC 5.3%

Value $29.81M Shares 641,901 Est. Cost $30.67 Unrealized —

XENE XENON PHARMACEUTICALS INC 4.8%

Value $26.85M Shares 684,986 Est. Cost $38.49 Unrealized +7.4%

ARGX ARGENX SE 4.7%

Value $26.49M Shares 43,078 Est. Cost $380.43 Unrealized —

— INTRA-CELLULAR THERAPIES INC 4.4%

Value $24.59M Shares 294,414 Est. Cost $72.12 Unrealized —

NUVL NUVALENT INC 4.3%

Value $24.23M Shares 309,521 Est. Cost $68.62 Unrealized +36.1%

CRNX CRINETICS PHARMACEUTICALS IN 4.2%

Value $23.18M Shares 453,376 Est. Cost $48.33 Unrealized +15.7%

PCVX VAXCYTE INC 4.1%

Value $22.67M Shares 276,905 Est. Cost $63.04 Unrealized +57.5%

MIRM MIRUM PHARMACEUTICALS INC 3.8%

Value $20.96M Shares 506,908 Est. Cost $29.91 Unrealized +39.3%

JANX JANUX THERAPEUTICS INC 3.7%

Value $20.54M Shares 383,602 Est. Cost $52.89 Unrealized 0.0%

VERA VERA THERAPEUTICS INC 3.5%

Value $19.66M Shares 464,807 Est. Cost $39.59 Unrealized +11.8%

ISRG INTUITIVE SURGICAL INC 3.3%

Value $18.29M Shares 35,032 Est. Cost $415.00 Unrealized +25.5%

RVMD REVOLUTION MEDICINES INC 3.2%

Value $17.67M Shares 403,915 Est. Cost $50.47 Unrealized 0.0%

EXAS EXACT SCIENCES CORP 3.1%

Value $17.41M Shares 309,890 Est. Cost $62.23 Unrealized 0.0%

AXSM AXSOME THERAPEUTICS INC 2.9%

Value $16.26M Shares 192,146 Est. Cost $69.19 Unrealized +32.9%

NTRA NATERA INC 2.8%

Value $15.7M Shares 99,159 Est. Cost $114.81 Unrealized +26.9%

GKOS GLAUKOS CORP 2.6%

Value $14.41M Shares 96,097 Est. Cost $124.44 Unrealized +10.7%

GERN GERON CORP 2.5%

Value $13.78M Shares 3,893,327 Est. Cost $4.44 Unrealized -10.0%

BBIO BRIDGEBIO PHARMA INC 2.2%

Value $12.41M Shares 452,290 Est. Cost $26.21 Unrealized -1.4%

ASND ASCENDIS PHARMA A/S 2.2%

Value $12.09M Shares 87,804 Est. Cost $127.91 Unrealized —

HQY HEALTHEQUITY INC 2.2%

Value $12.08M Shares 125,867 Est. Cost $93.19 Unrealized 0.0%

ELVN ENLIVEN THERAPEUTICS INC 2.2%

Value $12.04M Shares 535,092 Est. Cost $21.53 Unrealized +20.4%

DAWN DAY ONE BIOPHARMACEUTICALS I 2.2%

Value $12.01M Shares 947,878 Est. Cost $14.27 Unrealized -2.5%

— MERUS N V 2.1%

Value $11.99M Shares 285,159 Est. Cost $59.17 Unrealized —

ADMA ADMA BIOLOGICS INC 2.1%

Value $11.73M Shares 684,230 Est. Cost $15.64 Unrealized +20.3%

ORIC ORIC PHARMACEUTICALS INC 2.1%

Value $11.71M Shares 1,451,037 Est. Cost $11.07 Unrealized -17.1%

ACLX ARCELLX INC 2.1%

Value $11.68M Shares 152,356 Est. Cost $66.59 Unrealized +29.7%

APGE APOGEE THERAPEUTICS INC 2.1%

Value $11.45M Shares 252,725 Est. Cost $51.00 Unrealized 0.0%

HROW HARROW INC 1.8%

Value $10.23M Shares 304,874 Est. Cost $33.81 Unrealized +30.9%

BHVN BIOHAVEN LTD 1.8%

Value $9.802M Shares 262,442 Est. Cost $31.10 Unrealized +50.0%

CRMD CORMEDIX INC 1.5%

Value $8.274M Shares 1,021,421 Est. Cost $9.99 Unrealized 0.0%

SPRY ARS PHARMACEUTICALS INC 1.1%

Value $6.259M Shares 593,291 Est. Cost $11.89 Unrealized +17.8%

BCAX BICARA THERAPEUTICS INC 1.1%

Value $6.03M Shares 346,170 Est. Cost $25.50 Unrealized -18.4%

— BLUEPRINT MEDICINES CORP 1.0%

Value $5.856M Shares 67,143 Est. Cost $107.78 Unrealized —

SNDX SYNDAX PHARMACEUTICALS INC 1.0%

Value $5.838M Shares 441,587 Est. Cost $20.80 Unrealized -17.7%

PRAX PRAXIS PRECISION MEDICINES I 0.6%

Value $3.504M Shares 45,536 Est. Cost $72.36 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INSM	INSMED INC	446,980	$30.86M	5.5%	$48.11	+49.7%	COM PAR $.01	457669307
—	VERONA PHARMA PLC	641,901	$29.81M	5.3%	$30.67	—	SPONSORED ADS	925050106
XENE	XENON PHARMACEUTICALS INC	684,986	$26.85M	4.8%	$38.49	+7.4%	COM	98420N105
ARGX	ARGENX SE	43,078	$26.49M	4.7%	$380.43	—	SPONSORED ADR	04016X101
—	INTRA-CELLULAR THERAPIES INC	294,414	$24.59M	4.4%	$72.12	—	COM	46116X101
NUVL	NUVALENT INC	309,521	$24.23M	4.3%	$68.62	+36.1%	COM	670703107
CRNX	CRINETICS PHARMACEUTICALS IN	453,376	$23.18M	4.2%	$48.33	+15.7%	COM	22663K107
PCVX	VAXCYTE INC	276,905	$22.67M	4.1%	$63.04	+57.5%	COM	92243G108
MIRM	MIRUM PHARMACEUTICALS INC	506,908	$20.96M	3.8%	$29.91	+39.3%	COM	604749101
JANX	JANUX THERAPEUTICS INC	383,602	$20.54M	3.7%	$52.89	0.0%	COM	47103J105
VERA	VERA THERAPEUTICS INC	464,807	$19.66M	3.5%	$39.59	+11.8%	CL A	92337R101
ISRG	INTUITIVE SURGICAL INC	35,032	$18.29M	3.3%	$415.00	+25.5%	COM NEW	46120E602
RVMD	REVOLUTION MEDICINES INC	403,915	$17.67M	3.2%	$50.47	0.0%	COM	76155X100
EXAS	EXACT SCIENCES CORP	309,890	$17.41M	3.1%	$62.23	0.0%	COM	30063P105
AXSM	AXSOME THERAPEUTICS INC	192,146	$16.26M	2.9%	$69.19	+32.9%	COM	05464T104
NTRA	NATERA INC	99,159	$15.7M	2.8%	$114.81	+26.9%	COM	632307104
GKOS	GLAUKOS CORP	96,097	$14.41M	2.6%	$124.44	+10.7%	COM	377322102
GERN	GERON CORP	3,893,327	$13.78M	2.5%	$4.44	-10.0%	COM	374163103
BBIO	BRIDGEBIO PHARMA INC	452,290	$12.41M	2.2%	$26.21	-1.4%	COM	10806X102
ASND	ASCENDIS PHARMA A/S	87,804	$12.09M	2.2%	$127.91	—	SPONSORED ADR	04351P101
HQY	HEALTHEQUITY INC	125,867	$12.08M	2.2%	$93.19	0.0%	COM	42226A107
ELVN	ENLIVEN THERAPEUTICS INC	535,092	$12.04M	2.2%	$21.53	+20.4%	COM	29337E102
DAWN	DAY ONE BIOPHARMACEUTICALS I	947,878	$12.01M	2.2%	$14.27	-2.5%	COM	23954D109
—	MERUS N V	285,159	$11.99M	2.1%	$59.17	—	COM	N5749R100
ADMA	ADMA BIOLOGICS INC	684,230	$11.73M	2.1%	$15.64	+20.3%	COM	000899104
ORIC	ORIC PHARMACEUTICALS INC	1,451,037	$11.71M	2.1%	$11.07	-17.1%	COM	68622P109
ACLX	ARCELLX INC	152,356	$11.68M	2.1%	$66.59	+29.7%	COMMON STOCK	03940C100
APGE	APOGEE THERAPEUTICS INC	252,725	$11.45M	2.1%	$51.00	0.0%	COM	03770N101
HROW	HARROW INC	304,874	$10.23M	1.8%	$33.81	+30.9%	COM	415858109
BHVN	BIOHAVEN LTD	262,442	$9.802M	1.8%	$31.10	+50.0%	COM	G1110E107
CRMD	CORMEDIX INC	1,021,421	$8.274M	1.5%	$9.99	0.0%	COM	21900C308
SPRY	ARS PHARMACEUTICALS INC	593,291	$6.259M	1.1%	$11.89	+17.8%	COM	82835W108
BCAX	BICARA THERAPEUTICS INC	346,170	$6.03M	1.1%	$25.50	-18.4%	COM	055477103
—	BLUEPRINT MEDICINES CORP	67,143	$5.856M	1.0%	$107.78	—	COM	09627Y109
SNDX	SYNDAX PHARMACEUTICALS INC	441,587	$5.838M	1.0%	$20.80	-17.7%	COM	87164F105
PRAX	PRAXIS PRECISION MEDICINES I	45,536	$3.504M	0.6%	$72.36	0.0%	COM NEW	74006W207