Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EGRX	EAGLE PHARMACEUTICALS INC	816,884	$66.05M	20.1%	$30.09	+116.5%	COM	269796108
—	CONCORDIA HEALTHCARE CORP SHS	557,500	$40.22M	12.2%	$72.14	—	COM	206519100
—	HORIZON PHARMA PLC	766,724	$26.64M	8.1%	$16.49	—	SHS	G4617B105
REGN	REGENERON PHARMACTCLS	48,619	$24.8M	7.5%	$400.45	+21.3%	COM	75886F107
AAPL	APPLE INC	197,036	$24.71M	7.5%	$26.99	+5.8%	COM	037833100
—	BLACKSTONE GROUP LP COM UNIT REPSTG L P	410,717	$16.79M	5.1%	$35.66	—	COM UNIT LTD	09253U108
—	INSYS THERAPEUTICS INC. (NEW)	384,644	$13.82M	4.2%	$38.96	—	COM NEW	45824V209
—	ALLERGAN PLC	41,764	$12.67M	3.9%	$303.47	—	SHS	G0177J108
—	FLAMEL TECH SPNSRD ADR	564,525	$11.96M	3.6%	$17.31	—	SPONSORED ADR	338488109
—	TARO PHARMACEUTICAL A	50,050	$7.192M	2.2%	$148.19	—	SHS	M8737E108
—	BUFFALO WILD WINGS INC	44,180	$6.923M	2.1%	$180.52	—	COM	119848109
PRGO	PERRIGO CO PLC	35,850	$6.626M	2.0%	$164.98	+15.5%	SHS	G97822103
—	QLT INC-CANADA COM	1,592,993	$6.579M	2.0%	$4.13	—	COM	746927102
—	ALEXION PHARMS INC	33,110	$5.985M	1.8%	$182.07	—	COM	015351109
JAZZ	JAZZ PHARMACEUTICALS PLC SHS	33,246	$5.854M	1.8%	$166.96	+7.6%	SHS USD	G50871105
—	JUNIPER PHARMACEUTICALS INC	498,021	$4.557M	1.4%	$9.15	—	COM	48203L107
—	KYTHERA BIOPHARMACEUTICL INC	57,925	$4.362M	1.3%	$75.30	—	COM	501570105
LGND	LIGAND PHARMACEUTICALS INC SHS CL B	35,838	$3.616M	1.1%	$33.40	+63.3%	COM NEW	53220K504
—	BIOSPECIFICS TECHNLGY CP	61,557	$3.176M	1.0%	$51.59	—	COM	090931106
—	SAGENT PHARMACEUTCLS INC	111,630	$2.714M	0.8%	$24.98	—	COM	786692103
CMG	CHIPOTLE MEXICAN GRILL	4,416	$2.672M	0.8%	$13.36	-5.3%	COM	169656105
—	IMPAX LABS INC	57,823	$2.655M	0.8%	$39.46	—	COM	45256B101
—	MALLINCKRODT PLC SHS	20,656	$2.432M	0.7%	$110.80	—	SHS	G5785G107
NFLX	NETFLIX COM INC	3,450	$2.266M	0.7%	$5.83	+43.6%	COM	64110L106
ANIP	ANI PHARMACEUTICALS INC	35,864	$2.225M	0.7%	$53.37	+11.5%	COM	00182C103
BIIB	BIOGEN INC	4,950	$2M	0.6%	$360.42	+11.4%	COM	09062X103
—	LANNETT CO INC DEL $.001	31,844	$1.893M	0.6%	$44.61	—	COM	516012101
META	FACEBOOK INC CLASS A COMMON STOCK	21,535	$1.847M	0.6%	$78.03	+3.9%	CL A	30303M102
—	ENDO INTL PLC SHS	22,885	$1.823M	0.6%	$80.12	—	SHS	G30401106
—	SHIRE PLC-ADR	6,442	$1.556M	0.5%	$222.10	—	SPONSORED ADR	82481R106
—	CAMBREX CORP COM	35,245	$1.549M	0.5%	$40.40	—	COM	132011107
AMZN	AMAZON COM INC COM	3,247	$1.409M	0.4%	$15.84	+32.0%	COM	023135106
VNDA	VANDA PHARMACEUTICALS IN	98,775	$1.253M	0.4%	$11.52	-6.3%	COM	921659108
—	AKORN INCORP LA	26,506	$1.157M	0.4%	$39.86	—	COM	009728106
—	MYLAN N.V	15,099	$1.025M	0.3%	$67.89	—	SHS EURO	N59465109
—	IGI LABORATORIES INC	148,630	$936K	0.3%	$8.47	—	COM	449575109
SHAK	SHAKE SHACK INC	14,414	$869K	0.3%	$59.96	+13.9%	CL A	819047101
—	RETROPHIN INC	23,924	$793K	0.2%	$18.41	—	COM	761299106
SBUX	STARBUCKS CORP	12,560	$673K	0.2%	$38.58	+6.1%	COM	855244109
—	PERNIX THERAPEUTCS HLDGS	101,671	$602K	0.2%	$9.40	—	COM	71426V108
—	DIGIRAD CORP	110,257	$479K	0.1%	$4.37	—	COM	253827109
—	PAPA MURPHY'S HOLDINGS INC SHS	20,529	$425K	0.1%	$18.22	—	COM	698814100
—	ANTARES PHARMA INC	142,198	$296K	0.1%	$2.23	—	COM	036642106
SRPT	SAREPTA THERAPEUTICS INC	7,899	$240K	0.1%	$20.45	0.0%	COM	803607100
—	BIODELIVERY SCIENCES INT	30,000	$239K	0.1%	$7.97	—	COM	09060J106
GERN	GERON CORP	30,000	$128K	0.0%	$2.77	+43.2%	COM	374163103
—	MEDICAL TRANSCRIPTION BILLING CORP	63,771	$120K	0.0%	$2.34	—	COM	58464J105
—	CTI BIOPHARMA CORP	52,271	$102K	0.0%	$2.35	—	COM	12648L106