Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MRK	MERCK & CO INC	973,832	$57.33M	6.4%	$40.42	+9.1%	COMMON	58933Y105
PFE	PFIZER INC	1,764,343	$57.31M	6.3%	$21.37	-4.1%	COMMON	717081103
LLY	ELI LILLY & CO	729,117	$53.63M	5.9%	$68.49	-6.2%	COMMON	532457108
—	CELGENE CORP	433,981	$50.23M	5.6%	$101.37	—	COMMON	151020104
BMRN	BIOMARIN PHARMACEUTICAL INC	492,100	$40.77M	4.5%	$80.35	+7.0%	COMMON	09061G101
ACAD	ACADIA PHARMACEUTICALS	1,176,543	$33.93M	3.8%	$26.51	-0.2%	COMMON	004225108
—	NUVASIVE INC	498,689	$33.59M	3.7%	$61.10	—	COMMON	670704105
COLL	COLLEGIUM PHARMACEUTICAL	2,104,756	$32.77M	3.6%	$15.91	+4.5%	COMMON	19459J104
—	PORTOLA PHARMACEUTICALS	1,419,404	$31.85M	3.5%	$20.71	—	COMMON	737010108
DXCM	DEXCOM INC	509,836	$30.44M	3.4%	$14.87	+19.1%	COMMON	252131107
ACHC	ACADIA HEALTHCARE	886,405	$29.34M	3.3%	$53.40	-27.3%	COMMON	00404A109
NBIX	NEUROCRINE BIOSCIENCES	748,988	$28.99M	3.2%	$42.50	+6.5%	COMMON	64125C109
—	CIGNA CORP	212,424	$28.34M	3.1%	$130.32	—	COMMON	125509109
—	ABIOMED INC	251,416	$28.33M	3.1%	$106.69	—	COMMON	003654100
—	SHIRE PLC	158,158	$26.95M	3.0%	$180.43	—	SP ADR	82481R106
ISRG	INTUITIVE SURGIC INC	42,416	$26.9M	3.0%	$62.22	+18.2%	COMMON	46120E602
TDOC	TELADOC INC	1,569,878	$25.9M	2.9%	$17.47	-2.8%	COMMON	87918A105
FOLD	AMICUS THERAPEUTICS	5,100,198	$25.35M	2.8%	$8.13	-14.9%	COMMON	03152W109
BIIB	BIOGEN INC	84,841	$24.06M	2.7%	$296.43	0.0%	COMMON	09062X103
—	NXSTAGE MEDICAL	891,313	$23.36M	2.6%	$15.32	—	COMMON	67072V103
—	AETNA INC	182,185	$22.59M	2.5%	$124.01	—	COMMON	00817Y108
—	KITE PHARMA INC	372,223	$16.69M	1.8%	$48.28	—	COMMON	49803L109
—	GLOBAL BLOOD THERAPEUTICS	1,125,801	$16.27M	1.8%	$16.66	—	COMMON	37890U108
ARAY	ACCURAY INC	3,072,536	$14.13M	1.6%	$5.37	-3.4%	COMMON	004397105
—	ALDER BIOPHARMACEUTICALS	669,351	$13.92M	1.5%	$26.58	—	COMMON	014339105
—	WRIGHT MED GROUP N V	458,977	$10.55M	1.2%	$19.05	—	ORD SHS 0.03 PAR	N96617118
—	NEURODERM LTD	440,799	$9.786M	1.1%	$20.30	—	ORD SHS	M74231107
—	AERIE PHARMACEUTICALS	235,298	$8.906M	1.0%	$30.60	—	COMMON	00771V108
—	ACCELERON PHARMA	345,225	$8.81M	1.0%	$37.19	—	COMMON	00434H108
NVO	NOVO-NORDISK AS	236,380	$8.477M	0.9%	$48.81	—	ADR	670100205
—	INTERCEPT PHARMACEUTICALS	74,150	$8.056M	0.9%	$193.97	—	COMMON	45845P108
—	ENVISION HEALTHCARE	125,040	$7.914M	0.9%	$63.29	—	COMMON	29414D100
MOH	MOLINA HEALTHCARE	136,845	$7.425M	0.8%	$56.59	-3.3%	COMMON	60855R100
—	INTERSECT ENT INC	534,937	$6.473M	0.7%	$13.50	—	COMMON	46071F103
PRTA	PROTHENA CORP PLC	123,646	$6.082M	0.7%	$39.14	+41.0%	SHS	G72800108
IART	INTEGRA LIFESCIENCE	69,200	$5.937M	0.7%	$32.49	+25.1%	COMMON	457985208
—	MOMENTA PHARMACEUTICALS	379,500	$5.711M	0.6%	$10.87	—	COMMON	60877T100
—	ADVAXIS INC	690,074	$4.941M	0.5%	$8.94	—	COMMON	007624208
—	SURGICAL CARE AFFILIATES	98,300	$4.548M	0.5%	$46.55	—	COMMON	86881L106
—	RA PHARMACEUTICALS	252,940	$3.842M	0.4%	$15.19	—	COMMON	74933V108
INCY	INCYTE CORPORATION	34,374	$3.447M	0.4%	$48.98	+99.2%	COMMON	45337C102
—	K2M GROUP HOLDINGS	155,450	$3.115M	0.3%	$20.04	—	COMMON	48273J107
—	ENTELLUS MED INC	130,496	$2.476M	0.3%	$18.19	—	COMMON	29363K105
AGIO	AGIOS PHARMACEUTICALS	54,900	$2.291M	0.3%	$47.74	+9.9%	COMMON	00847X104
RDY	DR REDDYS LABS LTD	32,155	$1.456M	0.2%	$46.18	—	ADR	256135203
—	SAGE THERAPEUTICS	27,899	$1.425M	0.2%	$51.08	—	COMMON	78667J108
INSM	INSMED INC	103,300	$1.367M	0.2%	$13.64	0.0%	COMMON	457669307
—	DBV TECHNOLOGIES	38,401	$1.349M	0.1%	$36.33	—	SP ADR	23306J101
PTCT	PTC THERAPEUTICS I	123,135	$1.343M	0.1%	$21.23	-50.6%	COMMON	69366J200
—	AVEXIS INC	23,215	$1.108M	0.1%	$38.76	—	COMMON	05366U100
SRPT	SAREPTA THERAPEUTICS	28,799	$790K	0.1%	$40.16	0.0%	COMMON	803607100
ALNY	ALNYLAM PHARMACEUTICALS	19,899	$745K	0.1%	$67.63	-38.1%	COMMON	02043Q107
—	TRILLIUM THERAPEUTICS	100,000	$565K	0.1%	$5.65	—	COMMON	89620X506
—	PROFOUND MEDICAL	495,900	$414K	0.0%	$0.83	—	COMMON	74319B106
—	PRONAI THERAPEUTICS	201,660	$367K	0.0%	$1.82	—	COMMON	074346L10