Location: Baltimore, MD
CIK: 0001595725 · Show all filings
Period: Q1 2026 (← Previous)
Filing Date: May 15, 2026
Total Value: $1.697B (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| MMED | MINIMED GROUP INC | 1,055,000 | $15.74M | 0.9% | — | — | COM | 60365F109 |
| INDV | INDIVIOR PHARMACEUTICALS INC | 200,000 | $6.096M | 0.4% | — | — | COM | 45579U109 |
| SYK | STRYKER CORPORATION | 14,800 | $4.863M | 0.3% | — | — | COM | 863667101 |
| NVO | NOVO-NORDISK A S | 90,000 | $3.308M | 0.2% | — | — | ADR | 670100205 |
| VKTX | VIKING THERAPEUTICS INC | 96,000 | $3.124M | 0.2% | — | — | COM | 92686J106 |
| IPSC | CENTURY THERAPEUTICS INC | 1,304,347 | $2.948M | 0.2% | — | — | COM | 15673T100 |
| CVS | CVS HEALTH CORP | 40,000 | $2.873M | 0.2% | — | — | COM | 126650100 |
| DNTH | DIANTHUS THERAPEUTICS INC | 26,757 | $2.245M | 0.1% | — | — | COM | 252828108 |
| AGL | AGILON HEALTH INC | 260,000 | $2.057M | 0.1% | — | — | COM NEW | 00857U206 |
| ORKA | ORUKA THERAPEUTICS INC | 4,123 | $202K | 0.0% | — | — | COM | 687604108 |
| BCRX | BIOCRYST PHARMACEUTICALS INC | 12,600 | $120K | 0.0% | — | — | COM | 09058V103 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| ELVN | ENLIVEN THERAPEUTICS INC | 826,500 (+3.5%) | $32.4M (+163.5%) | 1.9% | — | — | COM | 29337E102 |
| MIRM | MIRUM PHARMACEUTICALS INC | 811,294 (+6.4%) | $74.95M (+24.5%) | 4.4% | — | — | COM | 604749101 |
| ERAS | ERASCA INC | 1,103,469 (+15.9%) | $17.85M (+404.3%) | 1.1% | — | — | COM | 29479A108 |
| IRTC | IRHYTHM HOLDINGS INC | 261,750 (+11.4%) | $30.89M (-25.9%) | 1.8% | — | — | COM | 450056106 |
| MDGL | MADRIGAL PHARMACEUTICALS INC | 170,999 (+22.5%) | $89.51M (+10.1%) | 5.3% | — | — | COM | 558868105 |
| PTCT | PTC THERAPEUTICS INC | 161,798 (+161.5%) | $11.02M (+134.5%) | 0.6% | — | — | COM | 69366J200 |
| CNTA | CENTESSA PHARMACEUTICALS PLC | 351,828 (+8.6%) | $13.97M (+72.4%) | 0.8% | — | — | SPONSORED ADS | 152309100 |
| HTFL | HEARTFLOW INC | 572,500 (+106.2%) | $13.93M (+72.1%) | 0.8% | — | — | COM | 42238D107 |
| BSX | BOSTON SCIENTIFIC CORP | 515,300 (+29.1%) | $32.34M (-15.0%) | 1.9% | — | — | COM | 101137107 |
| ALNY | ALNYLAM PHARMACEUTICALS INC | 74,000 (+3.9%) | $24.48M (-13.6%) | 1.4% | — | — | COM | 02043Q107 |
| MLYS | MINERALYS THERAPEUTICS INC | 439,751 (+2.8%) | $11.91M (-23.2%) | 0.7% | — | — | COM | 603170101 |
| SLNO | SOLENO THERAPEUTICS INC | 257,253 (+4.1%) | $8.613M (-24.7%) | 0.5% | — | — | COM | 834203309 |
| APLS | APELLIS PHARMACEUTICALS INC | 162,750 (+8.1%) | $6.547M (+73.2%) | 0.4% | — | — | COM | 03753U106 |
| ALKS | ALKERMES PLC | 183,986 (+32.1%) | $6.506M (+67.0%) | 0.4% | — | — | SHS | G01767105 |
| ATEC | ALPHATEC HLDGS INC | 350,000 (+15.7%) | $3.808M (-40.2%) | 0.2% | — | — | COM NEW | 02081G201 |
| BCAX | BICARA THERAPEUTICS INC | 489,095 (+14.0%) | $9.728M (+34.7%) | 0.6% | — | — | COM | 055477103 |
| NBIX | NEUROCRINE BIOSCIENCES INC | 150,450 (+19.9%) | $19.82M (+11.4%) | 1.2% | — | — | COM | 64125C109 |
| TERN | TERNS PHARMACEUTICALS INC | 113,748 (+4.9%) | $5.997M (+36.8%) | 0.4% | — | — | COM | 880881107 |
| BBIO | BRIDGEBIO PHARMA INC | 128,250 (+23.9%) | $9.524M (+20.3%) | 0.6% | — | — | COM | 10806X102 |
| PCVX | VAXCYTE INC | 60,250 (+28.2%) | $3.501M (+61.4%) | 0.2% | — | — | COM | 92243G108 |
| OCUL | OCULAR THERAPEUTIX INC | 383,716 (+11.0%) | $3.25M (-22.6%) | 0.2% | — | — | COM | 67576A100 |
| PHVS | PHARVARIS N V | 645,533 (+3.6%) | $18.24M (+5.4%) | 1.1% | — | — | COM | N69605108 |
| EDAP | EDAP TMS S A | 1,378,000 (+7.1%) | $5.126M (+21.1%) | 0.3% | — | — | SPONSORED ADR | 268311107 |
| UNH | UNITEDHEALTH GROUP INC | 53,000 (+29.9%) | $14.34M (+6.5%) | 0.8% | — | — | COM | 91324P102 |
| JAZZ | JAZZ PHARMACEUTICALS PLC | 5,750 (+228.6%) | $1.087M (+265.4%) | 0.1% | — | — | SHS USD | G50871105 |
| ROIV | ROIVANT SCIENCES LTD | 97,000 (+9.3%) | $2.687M (+39.5%) | 0.2% | — | — | SHS | G76279101 |
| DXCM | DEXCOM INC | 355,600 (+2.4%) | $22.33M (-3.1%) | 1.3% | — | — | COM | 252131107 |
| CYTK | CYTOKINETICS INC | 45,364 (+26.5%) | $2.99M (+31.2%) | 0.2% | — | — | COM NEW | 23282W605 |
| NAMS | NEWAMSTERDAM PHARMA COMPANY | 588,794 (+5.7%) | $18.85M (-3.6%) | 1.1% | — | — | ORDINARY SHARES | N62509109 |
| MBX | MBX BIOSCIENCES INC | 287,967 (+1.9%) | $8.596M (-3.6%) | 0.5% | — | — | COM | 55287L101 |
| DYN | DYNE THERAPEUTICS INC | 972,198 (+6.5%) | $17.63M (-1.3%) | 1.0% | — | — | COM | 26818M108 |
| JANX | JANUX THERAPEUTICS INC | 367,009 (+2.3%) | $5.101M (+3.0%) | 0.3% | — | — | COM | 47103J105 |
| OLMA | OLEMA PHARMACEUTICALS INC | 170,378 (+73.4%) | $2.54M (+3.4%) | 0.1% | — | — | COM | 68062P106 |
| LEGN | LEGEND BIOTECH CORP | 40,500 (+19.8%) | $733K (-0.3%) | 0.0% | — | — | SPONSORED ADS | 52490G102 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| EXAS | EXACT SCIENCES CORP | 601,800 | $61.12M | 3.6% | — | — | — | 30063P105 |
| — | CIDARA THERAPEUTICS INC | 204,878 | $45.26M | 2.7% | — | — | — | 171757206 |
| RAPT | RAPT THERAPEUTICS INC | 213,731 | $7.239M | 0.4% | — | — | — | 75382E208 |
| — | GOSSAMER BIO INC | 9,573,000 | $6.559M | 0.4% | — | — | — | 38341PAA0 |
| AGL | AGILON HEALTH INC | 6,500,000 | $4.477M | 0.3% | — | — | — | 00857U107 |
| — | MERSANA THERAPEUTICS INC | 152,586 | $4.414M | 0.3% | — | — | — | 59045L205 |
| TBPH | THERAVANCE BIOPHARMA INC | 208,771 | $3.906M | 0.2% | — | — | — | G8807B106 |
| — | INDIVIOR PLC | 105,100 | $3.771M | 0.2% | — | — | — | G4766E116 |
| NAMS | NEWAMSTERDAM PHARMA COMPANY | 31,600 | $1.109M | 0.1% | — | — | CALL | N62509109 |
| — | NUVATION BIO INC | 134,028 | $44,229 | 0.0% | — | — | — | 67080N119 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| TVTX | TRAVERE THERAPEUTICS INC | 1,477,954 (-33.1%) | $43.91M (-48.0%) | 2.6% | — | — | COM | 89422G107 |
| FOLD | AMICUS THERAPEUTIC | 21,062 (-98.9%) | $305K (-98.9%) | 0.0% | — | — | COM | 03152W109 |
| XBI | SPDR SERIES TRUST | 30,000 (-86.5%) | $3.832M (-85.8%) | 0.2% | — | — | STATE STREET SPD | 78464A870 |
| LLY | ELI LILLY & CO | 98,700 (-6.4%) | $90.78M (-19.9%) | 5.4% | — | — | COM | 532457108 |
| GPCR | STRUCTURE THERAPEUTICS INC | 640,217 (-14.4%) | $30.86M (-40.7%) | 1.8% | — | — | SPONSORED ADS | 86366E106 |
| ARGX | ARGENX SE | 98,500 (-4.6%) | $71.93M (-17.2%) | 4.2% | — | — | SPONSORED ADR | 04016X101 |
| RVMD | REVOLUTION MEDICINES INC | 1,209,465 (-9.4%) | $118M (+10.6%) | 6.9% | — | — | COM | 76155X100 |
| PHR | PHREESIA INC | 600,400 (-31.5%) | $5.031M (-66.1%) | 0.3% | — | — | COM | 71944F106 |
| GOSS | GOSSAMER BIO INC | 1,609,492 (-50.7%) | $529K (-94.8%) | 0.0% | — | — | COM | 38341P102 |
| XENE | XENON PHARMACEUTICALS INC | 763,020 (-3.1%) | $44.37M (+25.7%) | 2.6% | — | — | COM | 98420N105 |
| VERA | VERA THERAPEUTICS INC | 503,585 (-11.4%) | $20.26M (-29.6%) | 1.2% | — | — | CL A | 92337R101 |
| CAI | CARIS LIFE SCIENCES INC | 563,000 (-18.1%) | $10.07M (-45.7%) | 0.6% | — | — | COM | 142152107 |
| COGT | COGENT BIOSCIENCES INC | 624,155 (-26.5%) | $24.02M (-20.3%) | 1.4% | — | — | COM | 19240Q201 |
| TARS | TARSUS PHARMACEUTICALS INC | 225,179 (-13.5%) | $15.8M (-25.9%) | 0.9% | — | — | COM | 87650L103 |
| OMDA | OMADA HEALTH INC | 541,000 (-26.9%) | $6.8M (-41.8%) | 0.4% | — | — | COM | 68170A108 |
| EW | EDWARDS LIFESCIENCES CORP | 28,900 (-65.0%) | $2.314M (-67.1%) | 0.1% | — | — | COM | 28176E108 |
| INSM | INSMED INC | 314,300 (-1.6%) | $51.39M (-7.5%) | 3.0% | — | — | COM PAR $.01 | 457669307 |
| RARE | ULTRAGENYX PHARMACEUTICAL IN | 1,218,773 (-3.8%) | $25.53M (-12.4%) | 1.5% | — | — | COM | 90400D108 |
| CMPX | COMPASS THERAPEUTICS INC | 3,305,308 (-15.8%) | $17.49M (-17.1%) | 1.0% | — | — | COM | 20454B104 |
| SGRY | SURGERY PARTNERS INC | 208,000 (-32.9%) | $2.479M (-48.2%) | 0.1% | — | — | COM | 86881A100 |
| CLDX | CELLDEX THERAPEUTICS INC NEW | 650,270 (-6.1%) | $20.63M (+9.7%) | 1.2% | — | — | COM NEW | 15117B202 |
| ASND | ASCENDIS PHARMA A/S | 194,000 (-4.7%) | $44.37M (+2.3%) | 2.6% | — | — | SPONSORED ADR | 04351P101 |
| ACHC | ACADIA HEALTHCARE COMPANY IN | 75,500 (-37.1%) | $1.766M (+3.7%) | 0.1% | — | — | COM | 00404A109 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| RYTM | RHYTHM PHARMACEUTICALS INC | 689,748 | $59.99M | 3.5% | — | — | COM | 76243J105 |
| ISRG | INTUITIVE SURGICAL INC | 82,000 | $37.8M | 2.2% | — | — | COM NEW | 46120E602 |
| ACLX | ARCELLX INC | 169,859 | $19.5M | 1.1% | — | — | COMMON STOCK | 03940C100 |
| ZBIO | ZENAS BIOPHARMA INC | 502,077 | $9.816M | 0.6% | — | — | COM | 98937L105 |
| AZTA | AZENTA INC | 569,100 | $12.03M | 0.7% | — | — | COM | 114340102 |
| INSP | INSPIRE MED SYS INC | 131,800 | $6.798M | 0.4% | — | — | COM | 457730109 |
| AGIO | AGIOS PHARMACEUTICALS INC | 799,163 | $27.04M | 1.6% | — | — | COM | 00847X104 |
| TNGX | TANGO THERAPEUTICS INC | 386,915 | $8.094M | 0.5% | — | — | COM | 87583X109 |
| EVH | EVOLENT HEALTH INC | 2,675,000 | $6.099M | 0.4% | — | — | CL A | 30050B101 |
| SRRK | SCHOLAR ROCK HLDG CORP | 739,816 | $36.37M | 2.1% | — | — | COM | 80706P103 |
| ACRS | ACLARIS THERAPEUTICS INC | 4,472,650 | $16.77M | 1.0% | — | — | COM | 00461U105 |
| KYMR | KYMERA THERAPEUTICS INC | 496,871 | $41.38M | 2.4% | — | — | COM | 501575104 |
| DHR | DANAHER CORP DEL | 61,500 | $11.66M | 0.7% | — | — | COM | 235851102 |
| PEN | PENUMBRA INC | 120,500 | $39.57M | 2.3% | — | — | COM | 70975L107 |
| LENZ | LENZ THERAPEUTICS INC | 257,460 | $2.356M | 0.1% | — | — | COM | 52635N103 |
| TLPH | TALPHERA INC | 3,589,186 | $2.681M | 0.2% | — | — | COM NEW | 00444T209 |
| EYPT | EYEPOINT INC | 258,739 | $3.335M | 0.2% | — | — | COM NEW | 30233G209 |
| THC | TENET HEALTHCARE CORP | 125,000 | $23.59M | 1.4% | — | — | COM NEW | 88033G407 |
| JSPR | JASPER THERAPEUTICS INC | 1,100,726 | $964K | 0.1% | — | — | COM NEW | 471871202 |
| SMMT | SUMMIT THERAPEUTICS INC | 710,000 | $13.46M | 0.8% | — | — | COM | 86627T108 |
| ZLAB | ZAI LAB LTD | 814,707 | $15.32M | 0.9% | — | — | ADR | 98887Q104 |
| AMLX | AMYLYX PHARMACEUTICALS INC | 499,764 | $6.947M | 0.4% | — | — | COM | 03237H101 |
| TMO | THERMO FISHER SCIENTIFIC INC | 10,000 | $4.915M | 0.3% | — | — | COM | 883556102 |
| RCUS | ARCUS BIOSCIENCES INC | 180,000 | $3.888M | 0.2% | — | — | COM | 03969F109 |
| ARDX | ARDELYX INC | 2,299,473 | $13.77M | 0.8% | — | — | COM | 039697107 |
| MLTX | MOONLAKE IMMUNOTHERAPEUTICS | 61,700 | $1.15M | 0.1% | — | — | CLASS A ORD | 61559X104 |
| CORT | CORCEPT THERAPEUTICS INC | 50,250 | $2.026M | 0.1% | — | — | COM | 218352102 |
| IMNM | IMMUNOME INC | 347,666 | $7.603M | 0.4% | — | — | COM | 45257U108 |
| SION | SIONNA THERAPEUTICS INC | 99,429 | $3.986M | 0.2% | — | — | COM | 829401108 |
| TEVA | TEVA PHARMACEUTICAL INDS LTD | 45,500 | $1.37M | 0.1% | — | — | SPONSORED ADS | 881624209 |
| NGNE | NEUROGENE INC | 104,339 | $2.103M | 0.1% | — | — | COM | 64135M105 |
| REGN | REGENERON PHARMACEUTICALS | 10,100 | $7.804M | 0.5% | — | — | COM | 75886F107 |