Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INSM	INSMED INC	375,609	$40.05M	6.9%	—	—	COM PAR $.01	457669307
MLYS	MINERALYS THERAPEUTICS INC	449,795	$12.14M	2.1%	—	—	COM	603170101
OPCH	OPTION CARE HEALTH INC	270,716	$5.677M	1.0%	—	—	COM NEW	68404L201
PFE	PFIZER INC	135,366	$3.26M	0.6%	—	—	COM	717081103
ASGN	EVERFORTH INC	67,500	$1.206M	0.2%	—	—	COM	00191U102

Increased Positions (16)

IRTC IRHYTHM HOLDINGS INC 3.4%

Value $19.69M (+1568.0%) Shares 165,500 (+1555.0%) Est. Cost — Unrealized —

GLPG LAKEFRONT BIOTHERAPEUTICS NV 10.6%

Value $61.26M (+31.7%) Shares 2,043,344 (+31.8%) Est. Cost — Unrealized —

STTK SHATTUCK LABS INC 7.1%

Value $41.35M (+28.5%) Shares 5,957,877 (+19.1%) Est. Cost — Unrealized —

JANX JANUX THERAPEUTICS INC 10.1%

Value $58.44M (+18.4%) Shares 3,804,481 (+7.2%) Est. Cost — Unrealized —

SNDX SYNDAX PHARMACEUTICALS INC 4.5%

Value $26.23M (+45.8%) Shares 1,200,000 (+55.8%) Est. Cost — Unrealized —

ISRG INTUITIVE SURGICAL INC 1.2%

Value $6.761M (+266.6%) Shares 17,000 (+325.0%) Est. Cost — Unrealized —

ALNY ALNYLAM PHARMACEUTICALS INC 5.1%

Value $29.53M (+17.4%) Shares 98,080 (+29.1%) Est. Cost — Unrealized —

BSX BOSTON SCIENTIFIC CORP 9.3%

Value $54.22M (+8.6%) Shares 1,270,273 (+59.7%) Est. Cost — Unrealized —

ZYME ZYMEWORKS INC 3.0%

Value $17.63M (+30.6%) Shares 674,434 (+25.1%) Est. Cost — Unrealized —

ICUI ICU MED INC 1.3%

Value $7.477M (+110.9%) Shares 51,000 (+85.8%) Est. Cost — Unrealized —

NKTR NEKTAR THERAPEUTICS 9.7%

Value $56.55M (+6.9%) Shares 810,000 (+10.2%) Est. Cost — Unrealized —

VEEV VEEVA SYS INC 3.2%

Value $18.85M (+24.1%) Shares 106,200 (+22.8%) Est. Cost — Unrealized —

ABVX ABIVAX SA 2.5%

Value $14.31M (+22.4%) Shares 107,394 (+2.3%) Est. Cost — Unrealized —

CRNX CRINETICS PHARMACEUTICALS IN 2.4%

Value $14.02M (+10.3%) Shares 374,666 (+7.0%) Est. Cost — Unrealized —

RNTX REIN THERAPEUTICS INC 0.2%

Value $1.144M (+113.8%) Shares 1,100,000 (+167.2%) Est. Cost — Unrealized —

RCKT ROCKET PHARMACEUTICALS INC 0.4%

Value $2.394M (-2.2%) Shares 700,000 (+2.4%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IRTC	IRHYTHM HOLDINGS INC	165,500 (+1555.0%)	$19.69M (+1568.0%)	3.4%	—	—	COM	450056106
GLPG	LAKEFRONT BIOTHERAPEUTICS NV	2,043,344 (+31.8%)	$61.26M (+31.7%)	10.6%	—	—	SPON ADR	36315X101
STTK	SHATTUCK LABS INC	5,957,877 (+19.1%)	$41.35M (+28.5%)	7.1%	—	—	COM	82024L103
JANX	JANUX THERAPEUTICS INC	3,804,481 (+7.2%)	$58.44M (+18.4%)	10.1%	—	—	COM	47103J105
SNDX	SYNDAX PHARMACEUTICALS INC	1,200,000 (+55.8%)	$26.23M (+45.8%)	4.5%	—	—	COM	87164F105
ISRG	INTUITIVE SURGICAL INC	17,000 (+325.0%)	$6.761M (+266.6%)	1.2%	—	—	COM NEW	46120E602
ALNY	ALNYLAM PHARMACEUTICALS INC	98,080 (+29.1%)	$29.53M (+17.4%)	5.1%	—	—	COM	02043Q107
BSX	BOSTON SCIENTIFIC CORP	1,270,273 (+59.7%)	$54.22M (+8.6%)	9.3%	—	—	COM	101137107
ZYME	ZYMEWORKS INC	674,434 (+25.1%)	$17.63M (+30.6%)	3.0%	—	—	COM	98985Y108
ICUI	ICU MED INC	51,000 (+85.8%)	$7.477M (+110.9%)	1.3%	—	—	COM	44930G107
NKTR	NEKTAR THERAPEUTICS	810,000 (+10.2%)	$56.55M (+6.9%)	9.7%	—	—	COM NEW	640268306
VEEV	VEEVA SYS INC	106,200 (+22.8%)	$18.85M (+24.1%)	3.2%	—	—	CL A COM	922475108
ABVX	ABIVAX SA	107,394 (+2.3%)	$14.31M (+22.4%)	2.5%	—	—	SPONSORED ADS	00370M103
CRNX	CRINETICS PHARMACEUTICALS IN	374,666 (+7.0%)	$14.02M (+10.3%)	2.4%	—	—	COM	22663K107
RNTX	REIN THERAPEUTICS INC	1,100,000 (+167.2%)	$1.144M (+113.8%)	0.2%	—	—	COM NEW	00887A204
RCKT	ROCKET PHARMACEUTICALS INC	700,000 (+2.4%)	$2.394M (-2.2%)	0.4%	—	—	COM	77313F106

Exited Positions (15)

CON CONCENTRA GROUP HOLDINGS PAR 1.9%

Value $10.85M Shares 505,822 Est. Cost — Unrealized —

TERN TERNS PHARMACEUTICALS INC 1.8%

Value $10.67M Shares 202,300 Est. Cost — Unrealized —

PHR PHREESIA INC 1.6%

Value $9.218M Shares 1,100,000 Est. Cost — Unrealized —

SDGR SCHRODINGER INC 1.0%

Value $5.8M Shares 510,578 Est. Cost — Unrealized —

ROIV ROIVANT SCIENCES LTD 0.9%

Value $4.986M Shares 180,000 Est. Cost — Unrealized —

IMVT IMMUNOVANT INC 0.8%

Value $4.367M Shares 175,825 Est. Cost — Unrealized —

UPB UPSTREAM BIO INC 0.4%

Value $2.17M Shares 241,123 Est. Cost — Unrealized —

OMER OMEROS CORP 0.3%

Value $1.846M Shares 174,800 Est. Cost — Unrealized —

ACET ADICET BIO INC 0.3%

Value $1.704M Shares 250,244 Est. Cost — Unrealized —

RGNX REGENXBIO INC 0.3%

Value $1.676M Shares 200,000 Est. Cost — Unrealized —

VKTX VIKING THERAPEUTICS INC 0.3%

Value $1.464M Shares 45,000 Est. Cost — Unrealized —

TBI TRUEBLUE INC 0.2%

Value $974K Shares 249,107 Est. Cost — Unrealized —

PVLA PALVELLA THERAPEUTICS INC NE 0.1%

Value $623K Shares 5,000 Est. Cost — Unrealized —

NVCR NOVOCURE LTD 0.1%

Value $549K Shares 50,400 Est. Cost — Unrealized —

TMDX TRANSMEDICS GROUP INC 0.1%

Value $497K Shares 5,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CON	CONCENTRA GROUP HOLDINGS PAR	505,822	$10.85M	1.9%	—	—	—	20603L102
TERN	TERNS PHARMACEUTICALS INC	202,300	$10.67M	1.8%	—	—	—	880881107
PHR	PHREESIA INC	1,100,000	$9.218M	1.6%	—	—	—	71944F106
SDGR	SCHRODINGER INC	510,578	$5.8M	1.0%	—	—	—	80810D103
ROIV	ROIVANT SCIENCES LTD	180,000	$4.986M	0.9%	—	—	—	G76279101
IMVT	IMMUNOVANT INC	175,825	$4.367M	0.8%	—	—	—	45258J102
UPB	UPSTREAM BIO INC	241,123	$2.17M	0.4%	—	—	—	91678A107
OMER	OMEROS CORP	174,800	$1.846M	0.3%	—	—	—	682143102
ACET	ADICET BIO INC	250,244	$1.704M	0.3%	—	—	—	007002207
RGNX	REGENXBIO INC	200,000	$1.676M	0.3%	—	—	—	75901B107
VKTX	VIKING THERAPEUTICS INC	45,000	$1.464M	0.3%	—	—	—	92686J106
TBI	TRUEBLUE INC	249,107	$974K	0.2%	—	—	—	89785X101
PVLA	PALVELLA THERAPEUTICS INC NE	5,000	$623K	0.1%	—	—	—	697947109
NVCR	NOVOCURE LTD	50,400	$549K	0.1%	—	—	—	G6674U108
TMDX	TRANSMEDICS GROUP INC	5,000	$497K	0.1%	—	—	—	89377M109

Decreased Positions (15)

PRCT PROCEPT BIOROBOTICS CORP 1.0%

Value $6.058M (-87.5%) Shares 268,269 (-86.2%) Est. Cost — Unrealized —

WGS GENEDX HOLDINGS CORP 1.0%

Value $5.87M (-82.5%) Shares 85,500 (-83.7%) Est. Cost — Unrealized —

ADCT ADC THERAPEUTICS SA 1.4%

Value $8.372M (-73.1%) Shares 7,824,749 (-5.7%) Est. Cost — Unrealized —

MGTX MEIRAGTX HLDGS PLC 0.2%

Value $1.216M (-94.7%) Shares 90,000 (-96.6%) Est. Cost — Unrealized —

KURA KURA ONCOLOGY INC 3.8%

Value $22.18M (-18.7%) Shares 2,021,964 (-39.8%) Est. Cost — Unrealized —

OKUR ONKURE THERAPEUTICS INC 0.8%

Value $4.464M (-49.9%) Shares 978,992 (-54.6%) Est. Cost — Unrealized —

ALKS ALKERMES PLC 3.6%

Value $20.66M (+13.8%) Shares 394,389 (-23.2%) Est. Cost — Unrealized —

KIDS ORTHOPEDIATRICS CORP 0.5%

Value $3.013M (-37.2%) Shares 157,500 (-47.9%) Est. Cost — Unrealized —

EBS EMERGENT BIOSOLUTIONS INC 0.7%

Value $3.854M (-27.3%) Shares 459,952 (-28.0%) Est. Cost — Unrealized —

TECX TECTONIC THERAPEUTIC INC 0.2%

Value $1.366M (-44.7%) Shares 39,731 (-50.3%) Est. Cost — Unrealized —

COYA COYA THERAPEUTICS INC 0.2%

Value $995K (-40.0%) Shares 170,000 (-59.6%) Est. Cost — Unrealized —

PLRX PLIANT THERAPEUTICS INC 0.3%

Value $1.562M (-25.7%) Shares 1,370,233 (-17.8%) Est. Cost — Unrealized —

ANTX AN2 THERAPEUTICS INC 0.4%

Value $2.297M (+30.2%) Shares 474,638 (-8.0%) Est. Cost — Unrealized —

IMRX IMMUNEERING CORP 0.0%

Value $184K (-71.7%) Shares 36,861 (-70.1%) Est. Cost — Unrealized —

CRBP CORBUS PHARMACEUTICALS HLDGS 1.1%

Value $6.097M (-6.9%) Shares 650,000 (-6.8%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PRCT	PROCEPT BIOROBOTICS CORP	268,269 (-86.2%)	$6.058M (-87.5%)	1.0%	—	—	COM	74276L105
WGS	GENEDX HOLDINGS CORP	85,500 (-83.7%)	$5.87M (-82.5%)	1.0%	—	—	COM CL A	81663L200
ADCT	ADC THERAPEUTICS SA	7,824,749 (-5.7%)	$8.372M (-73.1%)	1.4%	—	—	SHS	H0036K147
MGTX	MEIRAGTX HLDGS PLC	90,000 (-96.6%)	$1.216M (-94.7%)	0.2%	—	—	COM	G59665102
KURA	KURA ONCOLOGY INC	2,021,964 (-39.8%)	$22.18M (-18.7%)	3.8%	—	—	COM	50127T109
OKUR	ONKURE THERAPEUTICS INC	978,992 (-54.6%)	$4.464M (-49.9%)	0.8%	—	—	COM CL A	68277Q105
ALKS	ALKERMES PLC	394,389 (-23.2%)	$20.66M (+13.8%)	3.6%	—	—	SHS	G01767105
KIDS	ORTHOPEDIATRICS CORP	157,500 (-47.9%)	$3.013M (-37.2%)	0.5%	—	—	COM	68752L100
EBS	EMERGENT BIOSOLUTIONS INC	459,952 (-28.0%)	$3.854M (-27.3%)	0.7%	—	—	COM	29089Q105
TECX	TECTONIC THERAPEUTIC INC	39,731 (-50.3%)	$1.366M (-44.7%)	0.2%	—	—	COM	878972108
COYA	COYA THERAPEUTICS INC	170,000 (-59.6%)	$995K (-40.0%)	0.2%	—	—	COMMON STOCK	22407B108
PLRX	PLIANT THERAPEUTICS INC	1,370,233 (-17.8%)	$1.562M (-25.7%)	0.3%	—	—	COM	729139105
ANTX	AN2 THERAPEUTICS INC	474,638 (-8.0%)	$2.297M (+30.2%)	0.4%	—	—	COM	037326105
IMRX	IMMUNEERING CORP	36,861 (-70.1%)	$184K (-71.7%)	0.0%	—	—	CLASS A COM	45254E107
CRBP	CORBUS PHARMACEUTICALS HLDGS	650,000 (-6.8%)	$6.097M (-6.9%)	1.1%	—	—	COM NEW	21833P301