PFM Health Sciences, LP Quant / Systematic

CIK: 0001442756 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $1,003,020 (98.5% shares, 1.5% debt)

Holdings (78)

New Positions (31)

GKOS GLAUKOS CORP 2.3%
Value ($000) $22,771 Shares 201,676 Est. Cost $95.54 Unrealized 0.0%
MDT MEDTRONIC PLC 2.0%
Value ($000) $20,537 Shares 213,796 Est. Cost $97.14 Unrealized 0.0%
SYK STRYKER CORPORATION 1.8%
Value ($000) $17,873 Shares 50,852 Est. Cost $363.46 Unrealized 0.0%
UNH UNITEDHEALTH GROUP INC 1.7%
Value ($000) $16,683 Shares 50,539 Est. Cost $337.21 Unrealized 0.0%
CNC CENTENE CORP DEL 1.5%
Value ($000) $15,320 Shares 372,300 Est. Cost $31.71 Unrealized +18.0%
DXCM DEXCOM INC 1.5%
Value ($000) $15,090 Shares 227,357 Est. Cost $64.65 Unrealized 0.0%
CAH CARDINAL HEALTH INC 1.3%
Value ($000) $12,811 Shares 62,341 Est. Cost $187.72 Unrealized 0.0%
TFX TELEFLEX INCORPORATED 1.2%
Value ($000) $12,496 Shares 102,395 Est. Cost $121.00 Unrealized 0.0%
GILD GILEAD SCIENCES INC 0.9%
Value ($000) $8,717 Shares 71,018 Est. Cost $120.88 Unrealized 0.0%
JAZZ JAZZ PHARMACEUTICALS PLC 0.9%
Value ($000) $8,587 Shares 50,511 Est. Cost $153.31 Unrealized 0.0%
SNY SANOFI SA 0.9%
Value ($000) $8,549 Shares 176,413 Est. Cost $48.46 Unrealized
IQV IQVIA HLDGS INC 0.9%
Value ($000) $8,532 Shares 37,852 Est. Cost $217.58 Unrealized 0.0%
ITGR INTEGER HLDGS CORP 0.8%
Value ($000) $8,359 Shares 106,585 Est. Cost $79.69 Unrealized 0.0%
BLLN BILLIONTOONE INC 0.7%
Value ($000) $7,165 Shares 87,547 Est. Cost $101.40 Unrealized 0.0%
ALGN ALIGN TECHNOLOGY INC 0.7%
Value ($000) $6,606 Shares 42,304 Est. Cost $143.30 Unrealized 0.0%
PSNL PERSONALIS INC 0.6%
Value ($000) $6,414 Shares 805,817 Est. Cost $8.75 Unrealized 0.0%
ELAN ELANCO ANIMAL HEALTH INC 0.5%
Value ($000) $4,691 Shares 207,311 Est. Cost $21.76 Unrealized 0.0%
BTSG BRIGHTSPRING HEALTH SVCS INC 0.4%
Value ($000) $4,439 Shares 118,525 Est. Cost $33.54 Unrealized 0.0%
ABVX ABIVAX SA 0.4%
Value ($000) $4,299 Shares 31,878 Est. Cost $134.86 Unrealized
MDGL MADRIGAL PHARMACEUTICALS INC 0.4%
Value ($000) $4,227 Shares 7,258 Est. Cost $510.76 Unrealized 0.0%
MOH MOLINA HEALTHCARE INC 0.4%
Value ($000) $3,957 Shares 22,802 Est. Cost $164.37 Unrealized 0.0%
CLDX CELLDEX THERAPEUTICS INC NEW 0.4%
Value ($000) $3,617 Shares 133,161 Est. Cost $26.34 Unrealized 0.0%
MDLN MEDLINE INC 0.4%
Value ($000) $3,570 Shares 85,000 Est. Cost $42.23 Unrealized 0.0%
BLTE BELITE BIO INC 0.3%
Value ($000) $3,171 Shares 19,823 Est. Cost $159.96 Unrealized
FTRE FORTREA HLDGS INC 0.3%
Value ($000) $2,854 Shares 165,439 Est. Cost $12.35 Unrealized 0.0%
CGEM CULLINAN THERAPEUTICS INC 0.2%
Value ($000) $2,349 Shares 227,003 Est. Cost $9.02 Unrealized 0.0%
TARS TARSUS PHARMACEUTICALS INC 0.2%
Value ($000) $2,238 Shares 27,338 Est. Cost $74.67 Unrealized 0.0%
MLYS MINERALYS THERAPEUTICS INC 0.2%
Value ($000) $1,729 Shares 47,637 Est. Cost $40.10 Unrealized 0.0%
TECX TECTONIC THERAPEUTIC INC 0.1%
Value ($000) $891 Shares 42,724 Est. Cost $18.58 Unrealized 0.0%
NPCE NEUROPACE INC 0.0%
Value ($000) $175 Shares 11,329 Est. Cost $13.37 Unrealized 0.0%
TMCI TREACE MED CONCEPTS INC 0.0%
Value ($000) $123 Shares 50,000 Est. Cost $4.34 Unrealized 0.0%

Increased Positions (13)

TMO THERMO FISHER SCIENTIFIC INC 2.2%
Value ($000) $21,970 (+1857.5%) Shares 37,915 (+1538.5%) Est. Cost $559.03 Unrealized +1.1%
NBIX NEUROCRINE BIOSCIENCES INC 2.3%
Value ($000) $23,146 (+188.0%) Shares 163,197 (+185.1%) Est. Cost $139.95 Unrealized +3.5%
AMRX AMNEAL PHARMACEUTICALS INC 1.8%
Value ($000) $18,465 (+418.4%) Shares 1,465,480 (+311.9%) Est. Cost $10.84 Unrealized +5.5%
INBX INHIBRX BIOSCIENCES INC 2.1%
Value ($000) $20,976 (+159.9%) Shares 265,517 (+10.8%) Est. Cost $19.46 Unrealized +250.0%
CNC CENTENE CORP DEL 3.0%
Value ($000) $29,851 (+45.7%) Shares 725,424 (+26.3%) Est. Cost $31.71 Unrealized +18.0%
ASND ASCENDIS PHARMA A/S 3.8%
Value ($000) $37,890 (+31.2%) Shares 177,685 (+22.3%) Est. Cost $167.20 Unrealized
WAT WATERS CORP 1.6%
Value ($000) $16,412 (+78.0%) Shares 43,208 (+40.5%) Est. Cost $342.44 Unrealized +7.5%
ADMA ADMA BIOLOGICS INC 2.3%
Value ($000) $23,181 (+33.9%) Shares 1,270,894 (+7.6%) Est. Cost $17.12 Unrealized -1.6%
SLNO SOLENO THERAPEUTICS INC 1.1%
Value ($000) $11,477 (-30.2%) Shares 247,893 (+1.8%) Est. Cost $50.39 Unrealized +8.8%
COO COOPER COS INC 0.8%
Value ($000) $8,262 (+62.0%) Shares 100,802 (+35.6%) Est. Cost $71.88 Unrealized +4.1%
VKTX VIKING THERAPEUTICS INC 0.7%
Value ($000) $6,647 (+37.8%) Shares 188,956 (+3.0%) Est. Cost $29.29 Unrealized +21.0%
DNTH DIANTHUS THERAPEUTICS INC 0.4%
Value ($000) $4,104 (+53.7%) Shares 99,576 (+46.8%) Est. Cost $29.77 Unrealized +30.2%
CGON CG ONCOLOGY INC 0.7%
Value ($000) $6,808 (+7.1%) Shares 163,967 (+3.9%) Est. Cost $29.53 Unrealized +40.1%

Exited Positions (25)

XBI SPDR SERIES TRUST 7.2%
Value ($000) $71,883 Shares 717,400 Est. Cost Unrealized
MCK MCKESSON CORP 5.6%
Value ($000) $55,865 Shares 72,313 Est. Cost $163.53 Unrealized +398.7%
HUM HUMANA INC 2.9%
Value ($000) $28,619 Shares 110,000 Est. Cost $306.16 Unrealized -14.6%
COR CENCORA INC 2.5%
Value ($000) $25,156 Shares 80,493 Est. Cost $289.07 Unrealized +17.8%
ELV ELEVANCE HEALTH INC FORMERLY 2.0%
Value ($000) $19,638 Shares 60,776 Est. Cost $308.14 Unrealized +9.3%
NTRA NATERA INC 1.9%
Value ($000) $18,607 Shares 115,596 Est. Cost $156.13 Unrealized +33.6%
SPY SPDR S&P 500 ETF TR 1.4%
Value ($000) $14,130 Shares 21,210 Est. Cost $627.15 Unrealized
IWM ISHARES TR 1.4%
Value ($000) $13,719 Shares 56,700 Est. Cost Unrealized
MERUS N V 1.2%
Value ($000) $12,309 Shares 130,742 Est. Cost $52.60 Unrealized
BSX BOSTON SCIENTIFIC CORP 1.2%
Value ($000) $11,911 Shares 122,000 Est. Cost $103.56 Unrealized -5.3%
AKERO THERAPEUTICS INC 1.2%
Value ($000) $11,779 Shares 248,079 Est. Cost $53.36 Unrealized
REGN REGENERON PHARMACEUTICALS 1.1%
Value ($000) $11,184 Shares 19,890 Est. Cost $564.28 Unrealized +20.3%
IRTC IRHYTHM TECHNOLOGIES INC 1.1%
Value ($000) $11,179 Shares 64,998 Est. Cost $129.23 Unrealized +37.1%
VERONA PHARMA PLC 0.9%
Value ($000) $8,581 Shares 80,416 Est. Cost $94.58 Unrealized
TEVA TEVA PHARMACEUTICAL INDS LTD 0.7%
Value ($000) $7,208 Shares 356,818 Est. Cost $16.76 Unrealized
ARQT ARCUTIS BIOTHERAPEUTICS INC 0.7%
Value ($000) $6,795 Shares 360,460 Est. Cost $14.02 Unrealized +82.6%
WST WEST PHARMACEUTICAL SVSC INC 0.5%
Value ($000) $4,818 Shares 18,365 Est. Cost $242.79 Unrealized +12.6%
AZN ASTRAZENECA PLC 0.5%
Value ($000) $4,741 Shares 61,795 Est. Cost $76.72 Unrealized
ELVN ENLIVEN THERAPEUTICS INC 0.3%
Value ($000) $3,203 Shares 156,463 Est. Cost $20.16 Unrealized -1.2%
BSX BOSTON SCIENTIFIC CORP 0.3%
Value ($000) $2,797 Shares 28,648 Est. Cost $103.56 Unrealized -5.3%
LQDA LIQUIDIA CORPORATION 0.2%
Value ($000) $1,735 Shares 76,300 Est. Cost Unrealized
HIMS HIMS & HERS HEALTH INC 0.1%
Value ($000) $1,300 Shares 22,915 Est. Cost $51.24 Unrealized -16.4%
HUM HUMANA INC 0.1%
Value ($000) $949 Shares 3,648 Est. Cost $306.16 Unrealized -14.6%
MIND MEDICINE MINDMED INC 0.1%
Value ($000) $886 Shares 75,138 Est. Cost $11.79 Unrealized
HOWL WEREWOLF THERAPEUTICS INC 0.1%
Value ($000) $790 Shares 401,110 Est. Cost $4.07 Unrealized -70.1%

Decreased Positions (34)

LLY ELI LILLY & CO 7.3%
Value ($000) $73,389 (-57.3%) Shares 68,289 (-69.7%) Est. Cost $156.24 Unrealized +511.6%
ISRG INTUITIVE SURGICAL INC 0.9%
Value ($000) $8,728 (-74.8%) Shares 15,410 (-80.1%) Est. Cost $358.21 Unrealized +48.6%
OM OUTSET MED INC 0.2%
Value ($000) $1,969 (-91.9%) Shares 530,796 (-69.3%) Est. Cost $12.06 Unrealized -28.9%
HCA HCA HEALTHCARE INC 0.6%
Value ($000) $6,473 (-76.9%) Shares 13,865 (-78.9%) Est. Cost $229.48 Unrealized +102.1%
AXSM AXSOME THERAPEUTICS INC 4.6%
Value ($000) $45,945 (-28.7%) Shares 251,562 (-52.6%) Est. Cost $54.98 Unrealized +153.9%
CVS CVS HEALTH CORP 0.9%
Value ($000) $8,552 (-67.3%) Shares 107,767 (-68.9%) Est. Cost $60.15 Unrealized +30.8%
THC TENET HEALTHCARE CORP 7.9%
Value ($000) $79,044 (-15.7%) Shares 397,767 (-13.8%) Est. Cost $52.95 Unrealized +281.7%
UHS UNIVERSAL HLTH SVCS INC 1.2%
Value ($000) $12,516 (-47.3%) Shares 57,409 (-50.6%) Est. Cost $179.65 Unrealized +23.0%
VERA VERA THERAPEUTICS INC 0.5%
Value ($000) $5,453 (-63.5%) Shares 107,690 (-79.0%) Est. Cost $23.13 Unrealized +53.6%
EW EDWARDS LIFESCIENCES CORP 2.1%
Value ($000) $21,043 (-29.0%) Shares 246,835 (-35.3%) Est. Cost $74.29 Unrealized +10.5%
OSCR OSCAR HEALTH INC 0.7%
Value ($000) $7,183 (-53.8%) Shares 499,837 (-39.1%) Est. Cost $11.78 Unrealized +46.9%
UTHR UNITED THERAPEUTICS CORP DEL 3.3%
Value ($000) $33,008 (-17.7%) Shares 67,743 (-29.2%) Est. Cost $322.06 Unrealized +44.6%
BBIO BRIDGEBIO PHARMA INC 2.3%
Value ($000) $23,445 (+38.0%) Shares 306,506 (-6.3%) Est. Cost $31.20 Unrealized +110.4%
PRAX PRAXIS PRECISION MEDICINES I 0.9%
Value ($000) $9,185 (+186.1%) Shares 31,163 (-48.6%) Est. Cost $29.44 Unrealized +532.7%
VEEV VEEVA SYS INC 0.7%
Value ($000) $7,253 (-41.3%) Shares 32,489 (-21.7%) Est. Cost $281.43 Unrealized -5.7%
AMLX AMYLYX PHARMACEUTICALS INC 0.2%
Value ($000) $1,625 (-72.6%) Shares 134,549 (-69.2%) Est. Cost $3.56 Unrealized +281.7%
PEN PENUMBRA INC 4.5%
Value ($000) $45,135 (-8.7%) Shares 145,171 (-25.6%) Est. Cost $201.49 Unrealized +37.1%
CMPS COMPASS PATHWAYS PLC 0.5%
Value ($000) $5,379 (-43.5%) Shares 779,618 (-53.1%) Est. Cost $4.25 Unrealized
RZLT REZOLUTE INC 0.0%
Value ($000) $487 (-88.6%) Shares 206,265 (-54.4%) Est. Cost $3.83 Unrealized +104.5%
RVMD REVOLUTION MEDICINES INC 1.2%
Value ($000) $12,063 (-22.0%) Shares 151,453 (-54.3%) Est. Cost $39.15 Unrealized +67.5%
NEO NEOGENOMICS INC 2.0%
Value ($000) $19,922 (+16.8%) Shares 1,694,051 (-23.3%) Est. Cost $8.55 Unrealized +26.2%
ICLR ICON PLC 2.1%
Value ($000) $21,017 (-10.2%) Shares 115,336 (-13.7%) Est. Cost $174.03 Unrealized +2.3%
QURE UNIQURE NV 0.1%
Value ($000) $945 (-65.1%) Shares 39,499 (-14.8%) Est. Cost $10.89 Unrealized +254.3%
CRBU CARIBOU BIOSCIENCES INC 0.2%
Value ($000) $1,523 (-51.9%) Shares 957,787 (-29.5%) Est. Cost $14.05 Unrealized -85.1%
GPCR STRUCTURE THERAPEUTICS INC 0.5%
Value ($000) $4,747 (+47.3%) Shares 68,248 (-40.7%) Est. Cost $23.23 Unrealized
MBX MBX BIOSCIENCES INC 0.2%
Value ($000) $2,501 (-35.5%) Shares 79,310 (-64.2%) Est. Cost $13.37 Unrealized +81.5%
CNTA CENTESSA PHARMACEUTICALS PLC 1.5%
Value ($000) $14,796 (-8.4%) Shares 591,601 (-11.2%) Est. Cost $18.33 Unrealized
IRON DISC MEDICINE INC 0.1%
Value ($000) $874 (-59.4%) Shares 11,002 (-66.2%) Est. Cost $47.64 Unrealized +77.4%
ARGX ARGENX SE 0.4%
Value ($000) $3,534 (-25.2%) Shares 4,202 (-34.4%) Est. Cost $395.24 Unrealized
SNDX SYNDAX PHARMACEUTICALS INC 0.5%
Value ($000) $5,105 (+29.4%) Shares 242,967 (-5.3%) Est. Cost $13.09 Unrealized +33.3%
INDIVIOR PLC 1.3%
Value ($000) $12,942 (-4.4%) Shares 360,695 (-35.8%) Est. Cost $10.28 Unrealized
ASCENDIS PHARMA A/S 1.5%
Value ($000) $15,135 (-3.6%) Shares 10,655,000 (-7.5%) Est. Cost $1.14 Unrealized
RYTM RHYTHM PHARMACEUTICALS INC 0.4%
Value ($000) $4,304 (-11.5%) Shares 40,210 (-16.5%) Est. Cost $92.84 Unrealized +14.3%
MRK MERCK & CO INC 2.0%
Value ($000) $19,771 (-0.4%) Shares 187,834 (-20.6%) Est. Cost $81.01 Unrealized +15.1%