FARALLON CAPITAL MANAGEMENT LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	CYBERARK SOFTWARE LTD	1,053,040	$469,719	2.2%	$446.06	—	SHS	M2682V108
SNPS	SYNOPSYS INC	999,200	$469,344	2.2%	$444.23	0.0%	COM	871607107
AVGO	BROADCOM INC	892,400	$308,860	1.5%	$357.00	0.0%	COM	11135F101
KKR	KKR & CO INC	2,017,700	$257,216	1.2%	$124.29	0.0%	COM	48251W104
—	DAYFORCE INC	2,925,000	$202,293	1.0%	$68.83	0.0%	COM	15677J108
BITW	BITWISE 10 CRYPTO INDEX ETF	3,385,500	$198,932	0.9%	$58.76	—	UNIT BENEFICIAL	091749101
WELL	WELLTOWER INC	343,000	$63,664	0.3%	$186.47	0.0%	COM	95040Q104
INSM	INSMED INC	250,000	$43,510	0.2%	$38.78	+370.5%	CALL	457669307
GPCR	STRUCTURE THERAPEUTICS INC	454,000	$31,576	0.1%	$69.55	—	SPONSORED ADS	86366E106
SUNC	SUNOCOCORP LLC	606,277	$29,877	0.1%	$49.49	0.0%	COM SHS LLC	86765Q106
PCSC	PERCEPTIVE CAP SOLUTIONS COR	2,250,000	$29,318	0.1%	$11.28	0.0%	CL A ORD SHS	G70077105
TERN	TERNS PHARMACEUTICALS INC	642,000	$25,937	0.1%	$23.11	0.0%	COM	880881107
AMKR	AMKOR TECHNOLOGY INC	464,000	$18,319	0.1%	$35.54	0.0%	COM	031652100
VSTM	VERASTEM INC	2,000,000	$15,440	0.1%	$8.91	0.0%	COM NEW	92337C203
MDLN	MEDLINE INC	260,000	$10,920	0.1%	$42.23	0.0%	COM CL A	58507V107
NERV	MINERVA NEUROSCIENCES INC	2,365,000	$9,507	0.0%	$3.71	0.0%	COM NEW	603380205
ETH	GRAYSCALE ETHEREUM MINI TR E	228,340	$6,407	0.0%	$28.06	—	SHS NEW	38964R203
CELC	CELCUITY INC	4,000	$399	0.0%	$82.21	0.0%	COM	15102K100
OMER	OMEROS CORP	23,000	$395	0.0%	$8.61	0.0%	COM	682143102
STOK	STOKE THERAPEUTICS INC	9,000	$286	0.0%	$30.06	0.0%	COM	86150R107
NUVB	NUVATION BIO INC	29,000	$260	0.0%	$6.19	0.0%	COM CL A	67080N101
PCVX	VAXCYTE INC	5,000	$231	0.0%	$44.73	0.0%	COM	92243G108
NEO	NEOGENOMICS INC	19,000	$223	0.0%	$10.79	0.0%	COM NEW	64049M209
ESTA	ESTABLISHMENT LABS HLDGS INC	3,000	$219	0.0%	$60.38	0.0%	COM	G31249108
OCUL	OCULAR THERAPEUTIX INC	18,000	$219	0.0%	$12.15	0.0%	COM	67576A100
PGEN	PRECIGEN INC	50,000	$209	0.0%	$3.87	0.0%	COM	74017N105
ADPT	ADAPTIVE BIOTECHNOLOGIES COR	11,000	$179	0.0%	$16.32	0.0%	COM	00650F109
RANI	RANI THERAPEUTICS HLDGS INC	78,000	$105	0.0%	$1.51	0.0%	COM CL A	753018100

Increased Positions (22)

AMZN AMAZON COM INC 4.9%

Value ($000) $1,038,666 (+34.9%) Shares 4,499,894 (+28.4%) Est. Cost $207.70 Unrealized +10.2%

BBIO BRIDGEBIO PHARMA INC 3.2%

Value ($000) $688,292 (+61.8%) Shares 8,998,463 (+9.8%) Est. Cost $34.12 Unrealized +92.4%

BSX BOSTON SCIENTIFIC CORP 3.3%

Value ($000) $709,362 (+53.1%) Shares 7,439,564 (+56.7%) Est. Cost $74.42 Unrealized +31.7%

LNTH LANTHEUS HLDGS INC 1.7%

Value ($000) $361,199 (+102.5%) Shares 5,427,479 (+56.1%) Est. Cost $76.08 Unrealized -23.5%

AON AON PLC 4.4%

Value ($000) $940,509 (+15.8%) Shares 2,665,238 (+17.0%) Est. Cost $329.15 Unrealized +6.1%

GRAL GRAIL INC 0.9%

Value ($000) $200,510 (+151.4%) Shares 2,342,684 (+73.7%) Est. Cost $58.22 Unrealized +48.4%

LQDA LIQUIDIA CORPORATION 1.4%

Value ($000) $298,547 (+53.3%) Shares 8,656,038 (+1.1%) Est. Cost $17.60 Unrealized +61.7%

WAB WABTEC 2.5%

Value ($000) $528,503 (+19.6%) Shares 2,476,003 (+12.3%) Est. Cost $144.96 Unrealized +41.6%

CRNX CRINETICS PHARMACEUTICALS IN 1.5%

Value ($000) $322,736 (+34.3%) Shares 6,933,098 (+20.2%) Est. Cost $47.56 Unrealized -6.4%

MSFT MICROSOFT CORP 5.1%

Value ($000) $1,070,773 (+8.1%) Shares 2,214,079 (+15.7%) Est. Cost $347.61 Unrealized +44.0%

CAH CARDINAL HEALTH INC 0.6%

Value ($000) $118,368 (+198.1%) Shares 576,000 (+127.7%) Est. Cost $164.28 Unrealized +14.3%

V VISA INC 1.2%

Value ($000) $244,063 (+19.2%) Shares 695,910 (+16.0%) Est. Cost $270.41 Unrealized +25.9%

TYRA TYRA BIOSCIENCES INC 0.3%

Value ($000) $54,337 (+239.6%) Shares 2,066,818 (+80.7%) Est. Cost $17.89 Unrealized +2.7%

CNTA CENTESSA PHARMACEUTICALS PLC 0.6%

Value ($000) $134,480 (+28.0%) Shares 5,377,068 (+24.1%) Est. Cost $15.18 Unrealized —

TNGX TANGO THERAPEUTICS INC 0.5%

Value ($000) $115,724 (+28.1%) Shares 13,061,411 (+21.4%) Est. Cost $4.75 Unrealized +81.5%

SCHW SCHWAB CHARLES CORP 1.6%

Value ($000) $333,665 (+7.5%) Shares 3,339,657 (+2.7%) Est. Cost $75.29 Unrealized +25.8%

ENTA ENANTA PHARMACEUTICALS INC 0.2%

Value ($000) $43,719 (+72.1%) Shares 2,772,262 (+30.6%) Est. Cost $41.16 Unrealized -69.1%

BIDU BAIDU INC 0.2%

Value ($000) $41,197 (+50.3%) Shares 315,300 (+51.6%) Est. Cost $131.39 Unrealized —

GH GUARDANT HEALTH INC 0.1%

Value ($000) $11,133 (+2127.4%) Shares 109,000 (+1262.5%) Est. Cost $86.17 Unrealized +3.8%

WGS GENEDX HOLDINGS CORP 0.0%

Value ($000) $9,104 (+1590.0%) Shares 70,000 (+1300.0%) Est. Cost $132.88 Unrealized +3.3%

VNET VNET GROUP INC 0.3%

Value ($000) $53,174 (-6.2%) Shares 6,285,386 (+14.5%) Est. Cost $8.69 Unrealized —

ARMK ARAMARK 1.6%

Value ($000) $344,901 (-0.2%) Shares 9,357,046 (+4.0%) Est. Cost $28.51 Unrealized +33.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	4,499,894 (+28.4%)	$1,038,666 (+34.9%)	4.9%	$207.70	+10.2%	COM	023135106
BBIO	BRIDGEBIO PHARMA INC	8,998,463 (+9.8%)	$688,292 (+61.8%)	3.2%	$34.12	+92.4%	COM	10806X102
BSX	BOSTON SCIENTIFIC CORP	7,439,564 (+56.7%)	$709,362 (+53.1%)	3.3%	$74.42	+31.7%	COM	101137107
LNTH	LANTHEUS HLDGS INC	5,427,479 (+56.1%)	$361,199 (+102.5%)	1.7%	$76.08	-23.5%	COM	516544103
AON	AON PLC	2,665,238 (+17.0%)	$940,509 (+15.8%)	4.4%	$329.15	+6.1%	SHS CL A	G0403H108
GRAL	GRAIL INC	2,342,684 (+73.7%)	$200,510 (+151.4%)	0.9%	$58.22	+48.4%	COM	384747101
LQDA	LIQUIDIA CORPORATION	8,656,038 (+1.1%)	$298,547 (+53.3%)	1.4%	$17.60	+61.7%	COM NEW	53635D202
WAB	WABTEC	2,476,003 (+12.3%)	$528,503 (+19.6%)	2.5%	$144.96	+41.6%	COM	929740108
CRNX	CRINETICS PHARMACEUTICALS IN	6,933,098 (+20.2%)	$322,736 (+34.3%)	1.5%	$47.56	-6.4%	COM	22663K107
MSFT	MICROSOFT CORP	2,214,079 (+15.7%)	$1,070,773 (+8.1%)	5.1%	$347.61	+44.0%	COM	594918104
CAH	CARDINAL HEALTH INC	576,000 (+127.7%)	$118,368 (+198.1%)	0.6%	$164.28	+14.3%	COM	14149Y108
V	VISA INC	695,910 (+16.0%)	$244,063 (+19.2%)	1.2%	$270.41	+25.9%	COM CL A	92826C839
TYRA	TYRA BIOSCIENCES INC	2,066,818 (+80.7%)	$54,337 (+239.6%)	0.3%	$17.89	+2.7%	COM	90240B106
CNTA	CENTESSA PHARMACEUTICALS PLC	5,377,068 (+24.1%)	$134,480 (+28.0%)	0.6%	$15.18	—	SPONSORED ADS	152309100
TNGX	TANGO THERAPEUTICS INC	13,061,411 (+21.4%)	$115,724 (+28.1%)	0.5%	$4.75	+81.5%	COM	87583X109
SCHW	SCHWAB CHARLES CORP	3,339,657 (+2.7%)	$333,665 (+7.5%)	1.6%	$75.29	+25.8%	COM	808513105
ENTA	ENANTA PHARMACEUTICALS INC	2,772,262 (+30.6%)	$43,719 (+72.1%)	0.2%	$41.16	-69.1%	COM	29251M106
BIDU	BAIDU INC	315,300 (+51.6%)	$41,197 (+50.3%)	0.2%	$131.39	—	SPON ADR REP A	056752108
GH	GUARDANT HEALTH INC	109,000 (+1262.5%)	$11,133 (+2127.4%)	0.1%	$86.17	+3.8%	COM	40131M109
WGS	GENEDX HOLDINGS CORP	70,000 (+1300.0%)	$9,104 (+1590.0%)	0.0%	$132.88	+3.3%	COM CL A	81663L200
VNET	VNET GROUP INC	6,285,386 (+14.5%)	$53,174 (-6.2%)	0.3%	$8.69	—	SPONSORED ADS A	90138A103
ARMK	ARAMARK	9,357,046 (+4.0%)	$344,901 (-0.2%)	1.6%	$28.51	+33.0%	COM	03852U106

Exited Positions (21)

ADSK AUTODESK INC 2.5%

Value ($000) $528,238 Shares 1,662,852 Est. Cost $294.56 Unrealized +2.7%

INTU INTUIT 1.6%

Value ($000) $333,320 Shares 488,088 Est. Cost $471.09 Unrealized +40.2%

— KELLANOVA 1.5%

Value ($000) $323,475 Shares 3,943,853 Est. Cost $78.98 Unrealized +4.7%

ADI ANALOG DEVICES INC 1.5%

Value ($000) $319,287 Shares 1,299,500 Est. Cost $187.63 Unrealized +33.6%

NSC NORFOLK SOUTHN CORP 0.9%

Value ($000) $184,752 Shares 615,000 Est. Cost $276.03 Unrealized +4.6%

IQV IQVIA HLDGS INC 0.8%

Value ($000) $178,268 Shares 938,551 Est. Cost $169.26 Unrealized +28.5%

WWD WOODWARD INC 0.7%

Value ($000) $157,179 Shares 621,973 Est. Cost $166.22 Unrealized +65.3%

MARA MARA HOLDINGS INC 0.3%

Value ($000) $66,832 Shares 3,660,000 Est. Cost $17.29 Unrealized -14.7%

GDLC GRAYSCALE COINDESK CRYPTO 0.2%

Value ($000) $47,582 Shares 851,193 Est. Cost $55.90 Unrealized —

— MR COOPER GROUP INC 0.2%

Value ($000) $46,795 Shares 222,000 Est. Cost $176.81 Unrealized —

NKTR NEKTAR THERAPEUTICS 0.2%

Value ($000) $45,008 Shares 791,000 Est. Cost $33.10 Unrealized +69.1%

FLUT FLUTTER ENTMT PLC 0.2%

Value ($000) $34,892 Shares 137,369 Est. Cost $243.31 Unrealized -7.6%

WAY WAYSTAR HLDG CORP 0.1%

Value ($000) $28,440 Shares 750,000 Est. Cost $34.32 Unrealized +3.8%

SGRY SURGERY PARTNERS INC 0.1%

Value ($000) $18,866 Shares 871,830 Est. Cost $22.23 Unrealized -17.3%

NTLA INTELLIA THERAPEUTICS INC 0.0%

Value ($000) $10,486 Shares 607,200 Est. Cost $12.32 Unrealized +11.8%

TECX TECTONIC THERAPEUTIC INC 0.0%

Value ($000) $10,042 Shares 640,000 Est. Cost $24.78 Unrealized -25.0%

SVRA SAVARA INC 0.0%

Value ($000) $8,925 Shares 2,500,000 Est. Cost $3.62 Unrealized +35.3%

SOXX ISHARES TR 0.0%

Value ($000) $5,126 Shares 18,907 Est. Cost $271.12 Unrealized —

— ALLETE INC 0.0%

Value ($000) $4,980 Shares 75,000 Est. Cost $66.40 Unrealized —

— MERUS N V 0.0%

Value ($000) $282 Shares 3,000 Est. Cost $94.15 Unrealized —

RARE ULTRAGENYX PHARMACEUTICAL IN 0.0%

Value ($000) $211 Shares 7,000 Est. Cost $36.05 Unrealized -8.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ADSK	AUTODESK INC	1,662,852	$528,238	2.5%	$294.56	+2.7%	—	052769106
INTU	INTUIT	488,088	$333,320	1.6%	$471.09	+40.2%	—	461202103
—	KELLANOVA	3,943,853	$323,475	1.5%	$78.98	+4.7%	—	487836108
ADI	ANALOG DEVICES INC	1,299,500	$319,287	1.5%	$187.63	+33.6%	—	032654105
NSC	NORFOLK SOUTHN CORP	615,000	$184,752	0.9%	$276.03	+4.6%	—	655844108
IQV	IQVIA HLDGS INC	938,551	$178,268	0.8%	$169.26	+28.5%	—	46266C105
WWD	WOODWARD INC	621,973	$157,179	0.7%	$166.22	+65.3%	—	980745103
MARA	MARA HOLDINGS INC	3,660,000	$66,832	0.3%	$17.29	-14.7%	—	565788106
GDLC	GRAYSCALE COINDESK CRYPTO	851,193	$47,582	0.2%	$55.90	—	—	G40705108
—	MR COOPER GROUP INC	222,000	$46,795	0.2%	$176.81	—	—	62482R107
NKTR	NEKTAR THERAPEUTICS	791,000	$45,008	0.2%	$33.10	+69.1%	—	640268306
FLUT	FLUTTER ENTMT PLC	137,369	$34,892	0.2%	$243.31	-7.6%	—	G3643J108
WAY	WAYSTAR HLDG CORP	750,000	$28,440	0.1%	$34.32	+3.8%	—	946784105
SGRY	SURGERY PARTNERS INC	871,830	$18,866	0.1%	$22.23	-17.3%	—	86881A100
NTLA	INTELLIA THERAPEUTICS INC	607,200	$10,486	0.0%	$12.32	+11.8%	—	45826J105
TECX	TECTONIC THERAPEUTIC INC	640,000	$10,042	0.0%	$24.78	-25.0%	—	878972108
SVRA	SAVARA INC	2,500,000	$8,925	0.0%	$3.62	+35.3%	—	805111101
SOXX	ISHARES TR	18,907	$5,126	0.0%	$271.12	—	—	464287523
—	ALLETE INC	75,000	$4,980	0.0%	$66.40	—	—	018522300
—	MERUS N V	3,000	$282	0.0%	$94.15	—	—	N5749R100
RARE	ULTRAGENYX PHARMACEUTICAL IN	7,000	$211	0.0%	$36.05	-8.8%	—	90400D108

Decreased Positions (35)

HYG ISHARES TR 3.0%

Value ($000) $645,040 (-79.6%) Shares 8,000,000 (-79.5%) Est. Cost — Unrealized —

HIMS HIMS & HERS HEALTH INC 0.5%

Value ($000) $109,975 (-82.0%) Shares 3,386,986 (-68.5%) Est. Cost $31.49 Unrealized +36.0%

IBIT ISHARES BITCOIN TRUST ETF 0.5%

Value ($000) $106,107 (-76.7%) Shares 2,137,100 (-69.4%) Est. Cost $51.71 Unrealized —

TRU TRANSUNION 0.3%

Value ($000) $57,881 (-85.4%) Shares 675,000 (-85.7%) Est. Cost $86.41 Unrealized -5.0%

RSP INVESCO EXCHANGE TRADED FD T 3.3%

Value ($000) $689,616 (-28.7%) Shares 3,600,000 (-29.4%) Est. Cost — Unrealized —

CRM SALESFORCE INC 1.6%

Value ($000) $334,098 (-42.7%) Shares 1,261,177 (-48.8%) Est. Cost $250.60 Unrealized -1.0%

TMO THERMO FISHER SCIENTIFIC INC 1.7%

Value ($000) $368,348 (-39.6%) Shares 635,685 (-49.5%) Est. Cost $460.40 Unrealized +22.8%

SPY SPDR S&P 500 ETF TR 9.7%

Value ($000) $2,045,760 (-9.7%) Shares 3,000,000 (-11.8%) Est. Cost — Unrealized —

NTRA NATERA INC 4.2%

Value ($000) $896,742 (+31.0%) Shares 3,914,366 (-8.0%) Est. Cost $69.61 Unrealized +199.7%

ETHA ISHARES ETHEREUM TR 0.2%

Value ($000) $33,219 (-85.9%) Shares 1,481,001 (-80.1%) Est. Cost $31.51 Unrealized —

DIS DISNEY WALT CO 2.2%

Value ($000) $469,414 (-21.1%) Shares 4,125,991 (-20.6%) Est. Cost $102.02 Unrealized +7.4%

UNH UNITEDHEALTH GROUP INC 2.5%

Value ($000) $527,815 (-19.0%) Shares 1,598,906 (-15.2%) Est. Cost $455.39 Unrealized -26.0%

EXEL EXELIXIS INC 3.2%

Value ($000) $688,547 (-14.5%) Shares 15,709,500 (-19.4%) Est. Cost $22.14 Unrealized +86.8%

TEVA TEVA PHARMACEUTICAL INDS LTD 0.0%

Value ($000) $1,248 (-98.8%) Shares 40,000 (-99.2%) Est. Cost $20.20 Unrealized —

CBRE CBRE GROUP INC 0.7%

Value ($000) $158,181 (-37.9%) Shares 983,771 (-39.1%) Est. Cost $89.63 Unrealized +75.4%

AGIO AGIOS PHARMACEUTICALS INC 0.7%

Value ($000) $140,442 (-39.5%) Shares 5,159,505 (-10.8%) Est. Cost $28.76 Unrealized +22.0%

OSCR OSCAR HEALTH INC 0.0%

Value ($000) $3,794 (-94.5%) Shares 264,000 (-92.7%) Est. Cost $15.82 Unrealized +9.3%

NYT NEW YORK TIMES CO 1.1%

Value ($000) $227,745 (-20.4%) Shares 3,280,678 (-34.2%) Est. Cost $42.16 Unrealized +46.6%

EHC ENCOMPASS HEALTH CORP 0.1%

Value ($000) $24,890 (-65.7%) Shares 234,500 (-58.9%) Est. Cost $99.20 Unrealized +16.6%

— CIDARA THERAPEUTICS INC 0.4%

Value ($000) $84,557 (+73.8%) Shares 382,800 (-24.6%) Est. Cost $77.24 Unrealized —

MLYS MINERALYS THERAPEUTICS INC 0.1%

Value ($000) $29,877 (-52.9%) Shares 823,296 (-50.8%) Est. Cost $21.63 Unrealized +85.4%

QURE UNIQURE NV 0.0%

Value ($000) $335 (-99.0%) Shares 14,000 (-97.5%) Est. Cost $18.05 Unrealized +113.7%

NDAQ NASDAQ INC 1.4%

Value ($000) $290,342 (-9.4%) Shares 2,989,213 (-17.5%) Est. Cost $56.23 Unrealized +59.6%

GOOG ALPHABET INC 1.2%

Value ($000) $246,973 (-9.5%) Shares 787,040 (-29.8%) Est. Cost $124.09 Unrealized +130.7%

MA MASTERCARD INCORPORATED 0.5%

Value ($000) $98,574 (-18.9%) Shares 172,671 (-19.2%) Est. Cost $416.75 Unrealized +34.1%

PRME PRIME MEDICINE INC 0.0%

Value ($000) $4,306 (-83.6%) Shares 1,240,843 (-73.9%) Est. Cost $4.62 Unrealized -3.7%

EDU NEW ORIENTAL ED & TECHNOLOGY 0.1%

Value ($000) $10,786 (-64.0%) Shares 196,000 (-65.3%) Est. Cost $78.80 Unrealized —

ABVX ABIVAX SA 0.2%

Value ($000) $52,189 (-23.6%) Shares 387,000 (-51.9%) Est. Cost $84.90 Unrealized —

DOCS DOXIMITY INC 0.1%

Value ($000) $13,771 (-49.7%) Shares 311,000 (-16.8%) Est. Cost $65.20 Unrealized -13.9%

SLNO SOLENO THERAPEUTICS INC 0.0%

Value ($000) $232 (-97.8%) Shares 5,000 (-96.7%) Est. Cost $73.41 Unrealized -25.3%

THC TENET HEALTHCARE CORP 0.3%

Value ($000) $73,954 (-12.0%) Shares 372,153 (-10.1%) Est. Cost $150.53 Unrealized +34.3%

MCK MCKESSON CORP 1.2%

Value ($000) $245,185 (-3.0%) Shares 298,900 (-8.6%) Est. Cost $562.83 Unrealized +44.9%

NVAX NOVAVAX INC 0.0%

Value ($000) $1,310 (-80.6%) Shares 195,000 (-75.0%) Est. Cost $7.72 Unrealized -2.3%

SDGR SCHRODINGER INC 0.0%

Value ($000) $1,269 (-77.7%) Shares 71,000 (-75.0%) Est. Cost $22.83 Unrealized -17.0%

JOYY JOYY INC 0.2%

Value ($000) $37,444 (+2.2%) Shares 578,200 (-7.5%) Est. Cost $42.07 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HYG	ISHARES TR	8,000,000 (-79.5%)	$645,040 (-79.6%)	3.0%	—	—	PUT	464288513
HIMS	HIMS & HERS HEALTH INC	3,386,986 (-68.5%)	$109,975 (-82.0%)	0.5%	$31.49	+36.0%	COM CL A	433000106
IBIT	ISHARES BITCOIN TRUST ETF	2,137,100 (-69.4%)	$106,107 (-76.7%)	0.5%	$51.71	—	SHS BEN INT	46438F101
TRU	TRANSUNION	675,000 (-85.7%)	$57,881 (-85.4%)	0.3%	$86.41	-5.0%	COM	89400J107
RSP	INVESCO EXCHANGE TRADED FD T	3,600,000 (-29.4%)	$689,616 (-28.7%)	3.3%	—	—	PUT	46137V357
CRM	SALESFORCE INC	1,261,177 (-48.8%)	$334,098 (-42.7%)	1.6%	$250.60	-1.0%	COM	79466L302
TMO	THERMO FISHER SCIENTIFIC INC	635,685 (-49.5%)	$368,348 (-39.6%)	1.7%	$460.40	+22.8%	COM	883556102
SPY	SPDR S&P 500 ETF TR	3,000,000 (-11.8%)	$2,045,760 (-9.7%)	9.7%	—	—	PUT	78462F103
NTRA	NATERA INC	3,914,366 (-8.0%)	$896,742 (+31.0%)	4.2%	$69.61	+199.7%	COM	632307104
ETHA	ISHARES ETHEREUM TR	1,481,001 (-80.1%)	$33,219 (-85.9%)	0.2%	$31.51	—	SHS	46438R105
DIS	DISNEY WALT CO	4,125,991 (-20.6%)	$469,414 (-21.1%)	2.2%	$102.02	+7.4%	COM	254687106
UNH	UNITEDHEALTH GROUP INC	1,598,906 (-15.2%)	$527,815 (-19.0%)	2.5%	$455.39	-26.0%	COM	91324P102
EXEL	EXELIXIS INC	15,709,500 (-19.4%)	$688,547 (-14.5%)	3.2%	$22.14	+86.8%	COM	30161Q104
TEVA	TEVA PHARMACEUTICAL INDS LTD	40,000 (-99.2%)	$1,248 (-98.8%)	0.0%	$20.20	—	SPONSORED ADS	881624209
CBRE	CBRE GROUP INC	983,771 (-39.1%)	$158,181 (-37.9%)	0.7%	$89.63	+75.4%	CL A	12504L109
AGIO	AGIOS PHARMACEUTICALS INC	5,159,505 (-10.8%)	$140,442 (-39.5%)	0.7%	$28.76	+22.0%	COM	00847X104
OSCR	OSCAR HEALTH INC	264,000 (-92.7%)	$3,794 (-94.5%)	0.0%	$15.82	+9.3%	CL A	687793109
NYT	NEW YORK TIMES CO	3,280,678 (-34.2%)	$227,745 (-20.4%)	1.1%	$42.16	+46.6%	CL A	650111107
EHC	ENCOMPASS HEALTH CORP	234,500 (-58.9%)	$24,890 (-65.7%)	0.1%	$99.20	+16.6%	COM	29261A100
—	CIDARA THERAPEUTICS INC	382,800 (-24.6%)	$84,557 (+73.8%)	0.4%	$77.24	—	COM NEW	171757206
MLYS	MINERALYS THERAPEUTICS INC	823,296 (-50.8%)	$29,877 (-52.9%)	0.1%	$21.63	+85.4%	COM	603170101
QURE	UNIQURE NV	14,000 (-97.5%)	$335 (-99.0%)	0.0%	$18.05	+113.7%	SHS	N90064101
NDAQ	NASDAQ INC	2,989,213 (-17.5%)	$290,342 (-9.4%)	1.4%	$56.23	+59.6%	COM	631103108
GOOG	ALPHABET INC	787,040 (-29.8%)	$246,973 (-9.5%)	1.2%	$124.09	+130.7%	CAP STK CL C	02079K107
MA	MASTERCARD INCORPORATED	172,671 (-19.2%)	$98,574 (-18.9%)	0.5%	$416.75	+34.1%	CL A	57636Q104
PRME	PRIME MEDICINE INC	1,240,843 (-73.9%)	$4,306 (-83.6%)	0.0%	$4.62	-3.7%	COM	74168J101
EDU	NEW ORIENTAL ED & TECHNOLOGY	196,000 (-65.3%)	$10,786 (-64.0%)	0.1%	$78.80	—	SPON ADR	647581206
ABVX	ABIVAX SA	387,000 (-51.9%)	$52,189 (-23.6%)	0.2%	$84.90	—	SPONSORED ADS	00370M103
DOCS	DOXIMITY INC	311,000 (-16.8%)	$13,771 (-49.7%)	0.1%	$65.20	-13.9%	CL A	26622P107
SLNO	SOLENO THERAPEUTICS INC	5,000 (-96.7%)	$232 (-97.8%)	0.0%	$73.41	-25.3%	COM	834203309
THC	TENET HEALTHCARE CORP	372,153 (-10.1%)	$73,954 (-12.0%)	0.3%	$150.53	+34.3%	COM NEW	88033G407
MCK	MCKESSON CORP	298,900 (-8.6%)	$245,185 (-3.0%)	1.2%	$562.83	+44.9%	COM	58155Q103
NVAX	NOVAVAX INC	195,000 (-75.0%)	$1,310 (-80.6%)	0.0%	$7.72	-2.3%	COM NEW	670002401
SDGR	SCHRODINGER INC	71,000 (-75.0%)	$1,269 (-77.7%)	0.0%	$22.83	-17.0%	COM	80810D103
JOYY	JOYY INC	578,200 (-7.5%)	$37,444 (+2.2%)	0.2%	$42.07	—	ADS REPSTG COM A	46591M109

Unchanged Positions (66)

RVMD REVOLUTION MEDICINES INC 5.5%

Value ($000) $1,161,520 Shares 14,582,796 Est. Cost $34.94 Unrealized +87.7%

PTGX PROTAGONIST THERAPEUTICS INC 2.5%

Value ($000) $536,617 Shares 6,144,006 Est. Cost $19.54 Unrealized +318.9%

LLY ELI LILLY & CO 1.9%

Value ($000) $403,005 Shares 375,000 Est. Cost — Unrealized —

BBNX BETA BIONICS INC 0.6%

Value ($000) $131,445 Shares 4,313,920 Est. Cost $17.71 Unrealized +50.8%

BEAM BEAM THERAPEUTICS INC 1.3%

Value ($000) $278,949 Shares 10,063,111 Est. Cost $40.62 Unrealized -37.2%

ASMB ASSEMBLY BIOSCIENCES INC 0.2%

Value ($000) $41,750 Shares 1,227,590 Est. Cost $21.94 Unrealized +46.8%

ALNY ALNYLAM PHARMACEUTICALS INC 0.2%

Value ($000) $39,765 Shares 100,000 Est. Cost — Unrealized —

TVRD TVARDI THERAPEUTICS INC 0.0%

Value ($000) $186 Shares 43,225 Est. Cost $23.65 Unrealized -62.1%

CAPR CAPRICOR THERAPEUTICS INC 0.0%

Value ($000) $1,183 Shares 41,000 Est. Cost $17.52 Unrealized -25.5%

ALVO ALVOTECH 0.0%

Value ($000) $1,024 Shares 199,675 Est. Cost $11.60 Unrealized -45.5%

ARWR ARROWHEAD PHARMACEUTICALS IN 0.0%

Value ($000) $1,049 Shares 15,800 Est. Cost $20.59 Unrealized +138.0%

MDGL MADRIGAL PHARMACEUTICALS INC 0.0%

Value ($000) $1,933 Shares 3,319 Est. Cost $109.34 Unrealized +367.1%

COGT COGENT BIOSCIENCES INC 0.0%

Value ($000) $604 Shares 17,000 Est. Cost $6.41 Unrealized +338.3%

SMC SUMMIT MIDSTREAM CORPORATION 0.0%

Value ($000) $1,553 Shares 58,214 Est. Cost $36.10 Unrealized -34.1%

ARQT ARCUTIS BIOTHERAPEUTICS INC 0.0%

Value ($000) $755 Shares 26,000 Est. Cost $7.46 Unrealized +243.0%

AXSM AXSOME THERAPEUTICS INC 0.0%

Value ($000) $731 Shares 4,000 Est. Cost $73.77 Unrealized +89.2%

ROIV ROIVANT SCIENCES LTD 0.0%

Value ($000) $803 Shares 37,000 Est. Cost $9.81 Unrealized +101.2%

BTSG BRIGHTSPRING HEALTH SVCS INC 0.0%

Value ($000) $824 Shares 22,000 Est. Cost $10.00 Unrealized +235.4%

TVTX TRAVERE THERAPEUTICS INC 0.0%

Value ($000) $459 Shares 12,000 Est. Cost $16.57 Unrealized +96.2%

ANNA ALEANNA INC 0.0%

Value ($000) $223 Shares 78,400 Est. Cost $10.41 Unrealized -67.5%

KRYS KRYSTAL BIOTECH INC 0.0%

Value ($000) $493 Shares 2,000 Est. Cost $122.00 Unrealized +72.5%

GMED GLOBUS MED INC 0.0%

Value ($000) $349 Shares 4,000 Est. Cost $71.34 Unrealized +6.4%

SLDPW SOLID POWER INC 0.0%

Value ($000) $287 Shares 405,316 Est. Cost $2.29 Unrealized —

IMVT IMMUNOVANT INC 0.0%

Value ($000) $305 Shares 12,000 Est. Cost $28.44 Unrealized -21.6%

FOLD AMICUS THERAPEUTICS INC 0.0%

Value ($000) $228 Shares 16,000 Est. Cost $12.90 Unrealized -23.8%

INSM INSMED INC 0.0%

Value ($000) $522 Shares 3,000 Est. Cost $38.78 Unrealized +370.5%

GKOS GLAUKOS CORP 0.0%

Value ($000) $294 Shares 2,600 Est. Cost $68.19 Unrealized +40.1%

PACB PACIFIC BIOSCIENCES CALIF IN 0.0%

Value ($000) $252 Shares 135,000 Est. Cost $10.13 Unrealized -81.0%

RVMDW REVOLUTION MEDICINES INC 0.0%

Value ($000) $113 Shares 120,085 Est. Cost $0.33 Unrealized —

PGNY PROGYNY INC 0.0%

Value ($000) $462 Shares 18,000 Est. Cost $33.60 Unrealized -31.5%

DYN DYNE THERAPEUTICS INC 0.0%

Value ($000) $196 Shares 10,000 Est. Cost $39.65 Unrealized -52.2%

ACLX ARCELLX INC 0.0%

Value ($000) $261 Shares 4,000 Est. Cost $45.11 Unrealized +76.8%

IONS IONIS PHARMACEUTICALS INC 0.0%

Value ($000) $380 Shares 4,800 Est. Cost $48.82 Unrealized +54.2%

EVH EVOLENT HEALTH INC 0.0%

Value ($000) $56 Shares 14,000 Est. Cost $25.77 Unrealized -78.4%

ANNAW ALEANNA INC 0.0%

Value ($000) $163 Shares 990,000 Est. Cost $0.14 Unrealized —

SNDX SYNDAX PHARMACEUTICALS INC 0.0%

Value ($000) $210 Shares 10,000 Est. Cost $15.37 Unrealized +13.5%

LIVN LIVANOVA PLC 0.0%

Value ($000) $369 Shares 6,000 Est. Cost $44.85 Unrealized +27.4%

VCYT VERACYTE INC 0.0%

Value ($000) $295 Shares 7,000 Est. Cost $28.69 Unrealized +40.5%

SRRK SCHOLAR ROCK HLDG CORP 0.0%

Value ($000) $308 Shares 7,000 Est. Cost $32.56 Unrealized +15.2%

NUVL NUVALENT INC 0.0%

Value ($000) $302 Shares 3,000 Est. Cost $82.95 Unrealized +18.9%

ALKS ALKERMES PLC 0.0%

Value ($000) $582 Shares 20,800 Est. Cost $32.61 Unrealized -8.2%

ONC BEONE MEDICINES LTD 0.0%

Value ($000) $334 Shares 1,100 Est. Cost $224.51 Unrealized —

URGN UROGEN PHARMA LTD 0.0%

Value ($000) $258 Shares 11,000 Est. Cost $17.96 Unrealized +20.8%

TWST TWIST BIOSCIENCE CORP 0.0%

Value ($000) $243 Shares 7,650 Est. Cost $43.75 Unrealized -28.7%

IRWD IRONWOOD PHARMACEUTICALS INC 0.0%

Value ($000) $44 Shares 13,000 Est. Cost $12.13 Unrealized -78.6%

COR CENCORA INC 0.0%

Value ($000) $338 Shares 1,000 Est. Cost $208.87 Unrealized +63.1%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.0%

Value ($000) $246 Shares 3,000 Est. Cost $76.06 Unrealized +2.4%

BYND BEYOND MEAT INC 0.0%

Value ($000) $16 Shares 19,000 Est. Cost $2.90 Unrealized -52.0%

ASND ASCENDIS PHARMA A/S 0.0%

Value ($000) $299 Shares 1,400 Est. Cost $155.86 Unrealized —

GRFS GRIFOLS S A 0.0%

Value ($000) $262 Shares 28,000 Est. Cost $6.68 Unrealized —

MIRM MIRUM PHARMACEUTICALS INC 0.0%

Value ($000) $237 Shares 3,000 Est. Cost $63.57 Unrealized +12.9%

HQY HEALTHEQUITY INC 0.0%

Value ($000) $458 Shares 5,000 Est. Cost $102.40 Unrealized -6.5%

MMSI MERIT MED SYS INC 0.0%

Value ($000) $264 Shares 3,000 Est. Cost $77.20 Unrealized +10.3%

IOVA IOVANCE BIOTHERAPEUTICS INC 0.0%

Value ($000) $71 Shares 26,000 Est. Cost $5.23 Unrealized -55.8%

HR HEALTHCARE RLTY TR 0.0%

Value ($000) $203 Shares 12,000 Est. Cost $17.91 Unrealized —

CGON CG ONCOLOGY INC 0.0%

Value ($000) $332 Shares 8,000 Est. Cost $24.10 Unrealized +71.7%

CGC CANOPY GROWTH CORP 0.0%

Value ($000) $34 Shares 30,000 Est. Cost $8.60 Unrealized -85.1%

CCCC C4 THERAPEUTICS INC 0.0%

Value ($000) $53 Shares 28,000 Est. Cost $7.75 Unrealized -69.4%

ICLR ICON PLC 0.0%

Value ($000) $219 Shares 1,200 Est. Cost $167.36 Unrealized +6.4%

ARDX ARDELYX INC 0.0%

Value ($000) $134 Shares 23,000 Est. Cost $8.55 Unrealized -34.9%

BGLWW BLUE GOLD LTD 0.0%

Value ($000) $132 Shares 300,000 Est. Cost $0.46 Unrealized —

BCRX BIOCRYST PHARMACEUTICALS INC 0.0%

Value ($000) $187 Shares 24,000 Est. Cost $8.33 Unrealized -13.2%

NVNIW NVNI GROUP LIMITED 0.0%

Value ($000) $23 Shares 375,000 Est. Cost $0.04 Unrealized —

ALT ALTIMMUNE INC 0.0%

Value ($000) $100 Shares 27,600 Est. Cost $9.74 Unrealized -55.2%

SBRA SABRA HEALTH CARE REIT INC 0.0%

Value ($000) $265 Shares 14,000 Est. Cost $14.27 Unrealized —

GERN GERON CORP 0.0%

Value ($000) $57 Shares 43,000 Est. Cost $3.16 Unrealized -60.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RVMD	REVOLUTION MEDICINES INC	14,582,796	$1,161,520	5.5%	$34.94	+87.7%	COM	76155X100
PTGX	PROTAGONIST THERAPEUTICS INC	6,144,006	$536,617	2.5%	$19.54	+318.9%	COM	74366E102
LLY	ELI LILLY & CO	375,000	$403,005	1.9%	—	—	PUT	532457108
BBNX	BETA BIONICS INC	4,313,920	$131,445	0.6%	$17.71	+50.8%	COM	08659B102
BEAM	BEAM THERAPEUTICS INC	10,063,111	$278,949	1.3%	$40.62	-37.2%	COM	07373V105
ASMB	ASSEMBLY BIOSCIENCES INC	1,227,590	$41,750	0.2%	$21.94	+46.8%	COM NEW	045396207
ALNY	ALNYLAM PHARMACEUTICALS INC	100,000	$39,765	0.2%	—	—	PUT	02043Q107
TVRD	TVARDI THERAPEUTICS INC	43,225	$186	0.0%	$23.65	-62.1%	COM	140755307
CAPR	CAPRICOR THERAPEUTICS INC	41,000	$1,183	0.0%	$17.52	-25.5%	COM NEW	14070B309
ALVO	ALVOTECH	199,675	$1,024	0.0%	$11.60	-45.5%	ORDINARY SHARES	L01800108
ARWR	ARROWHEAD PHARMACEUTICALS IN	15,800	$1,049	0.0%	$20.59	+138.0%	COM	04280A100
MDGL	MADRIGAL PHARMACEUTICALS INC	3,319	$1,933	0.0%	$109.34	+367.1%	COM	558868105
COGT	COGENT BIOSCIENCES INC	17,000	$604	0.0%	$6.41	+338.3%	COM	19240Q201
SMC	SUMMIT MIDSTREAM CORPORATION	58,214	$1,553	0.0%	$36.10	-34.1%	COM	86614G101
ARQT	ARCUTIS BIOTHERAPEUTICS INC	26,000	$755	0.0%	$7.46	+243.0%	COM	03969K108
AXSM	AXSOME THERAPEUTICS INC	4,000	$731	0.0%	$73.77	+89.2%	COM	05464T104
ROIV	ROIVANT SCIENCES LTD	37,000	$803	0.0%	$9.81	+101.2%	SHS	G76279101
BTSG	BRIGHTSPRING HEALTH SVCS INC	22,000	$824	0.0%	$10.00	+235.4%	COM	10950A106
TVTX	TRAVERE THERAPEUTICS INC	12,000	$459	0.0%	$16.57	+96.2%	COM	89422G107
ANNA	ALEANNA INC	78,400	$223	0.0%	$10.41	-67.5%	COM CL A	01444V103
KRYS	KRYSTAL BIOTECH INC	2,000	$493	0.0%	$122.00	+72.5%	COM	501147102
GMED	GLOBUS MED INC	4,000	$349	0.0%	$71.34	+6.4%	CL A	379577208
SLDPW	SOLID POWER INC	405,316	$287	0.0%	$2.29	—	*W EXP 12/08/202	83422N113
IMVT	IMMUNOVANT INC	12,000	$305	0.0%	$28.44	-21.6%	COM	45258J102
FOLD	AMICUS THERAPEUTICS INC	16,000	$228	0.0%	$12.90	-23.8%	COM	03152W109
INSM	INSMED INC	3,000	$522	0.0%	$38.78	+370.5%	COM PAR $.01	457669307
GKOS	GLAUKOS CORP	2,600	$294	0.0%	$68.19	+40.1%	COM	377322102
PACB	PACIFIC BIOSCIENCES CALIF IN	135,000	$252	0.0%	$10.13	-81.0%	COM	69404D108
RVMDW	REVOLUTION MEDICINES INC	120,085	$113	0.0%	$0.33	—	*W EXP 12/17/202	76155X118
PGNY	PROGYNY INC	18,000	$462	0.0%	$33.60	-31.5%	COM	74340E103
DYN	DYNE THERAPEUTICS INC	10,000	$196	0.0%	$39.65	-52.2%	COM	26818M108
ACLX	ARCELLX INC	4,000	$261	0.0%	$45.11	+76.8%	COMMON STOCK	03940C100
IONS	IONIS PHARMACEUTICALS INC	4,800	$380	0.0%	$48.82	+54.2%	COM	462222100
EVH	EVOLENT HEALTH INC	14,000	$56	0.0%	$25.77	-78.4%	CL A	30050B101
ANNAW	ALEANNA INC	990,000	$163	0.0%	$0.14	—	*W EXP 12/13/202	01444V111
SNDX	SYNDAX PHARMACEUTICALS INC	10,000	$210	0.0%	$15.37	+13.5%	COM	87164F105
LIVN	LIVANOVA PLC	6,000	$369	0.0%	$44.85	+27.4%	SHS	G5509L101
VCYT	VERACYTE INC	7,000	$295	0.0%	$28.69	+40.5%	COM	92337F107
SRRK	SCHOLAR ROCK HLDG CORP	7,000	$308	0.0%	$32.56	+15.2%	COM	80706P103
NUVL	NUVALENT INC	3,000	$302	0.0%	$82.95	+18.9%	COM	670703107
ALKS	ALKERMES PLC	20,800	$582	0.0%	$32.61	-8.2%	SHS	G01767105
ONC	BEONE MEDICINES LTD	1,100	$334	0.0%	$224.51	—	SPONSORED ADS	07725L102
URGN	UROGEN PHARMA LTD	11,000	$258	0.0%	$17.96	+20.8%	COM	M96088105
TWST	TWIST BIOSCIENCE CORP	7,650	$243	0.0%	$43.75	-28.7%	COM	90184D100
IRWD	IRONWOOD PHARMACEUTICALS INC	13,000	$44	0.0%	$12.13	-78.6%	COM CL A	46333X108
COR	CENCORA INC	1,000	$338	0.0%	$208.87	+63.1%	COM	03073E105
GEHC	GE HEALTHCARE TECHNOLOGIES I	3,000	$246	0.0%	$76.06	+2.4%	COMMON STOCK	36266G107
BYND	BEYOND MEAT INC	19,000	$16	0.0%	$2.90	-52.0%	COM	08862E109
ASND	ASCENDIS PHARMA A/S	1,400	$299	0.0%	$155.86	—	SPONSORED ADR	04351P101
GRFS	GRIFOLS S A	28,000	$262	0.0%	$6.68	—	SP ADR REP B NVT	398438408
MIRM	MIRUM PHARMACEUTICALS INC	3,000	$237	0.0%	$63.57	+12.9%	COM	604749101
HQY	HEALTHEQUITY INC	5,000	$458	0.0%	$102.40	-6.5%	COM	42226A107
MMSI	MERIT MED SYS INC	3,000	$264	0.0%	$77.20	+10.3%	COM	589889104
IOVA	IOVANCE BIOTHERAPEUTICS INC	26,000	$71	0.0%	$5.23	-55.8%	COM	462260100
HR	HEALTHCARE RLTY TR	12,000	$203	0.0%	$17.91	—	CL A COM	42226K105
CGON	CG ONCOLOGY INC	8,000	$332	0.0%	$24.10	+71.7%	COM	156944100
CGC	CANOPY GROWTH CORP	30,000	$34	0.0%	$8.60	-85.1%	COM NEW	138035704
CCCC	C4 THERAPEUTICS INC	28,000	$53	0.0%	$7.75	-69.4%	COM STK	12529R107
ICLR	ICON PLC	1,200	$219	0.0%	$167.36	+6.4%	SHS	G4705A100
ARDX	ARDELYX INC	23,000	$134	0.0%	$8.55	-34.9%	COM	039697107
BGLWW	BLUE GOLD LTD	300,000	$132	0.0%	$0.46	—	*W EXP 04/01/203	G1331C112
BCRX	BIOCRYST PHARMACEUTICALS INC	24,000	$187	0.0%	$8.33	-13.2%	COM	09058V103
NVNIW	NVNI GROUP LIMITED	375,000	$23	0.0%	$0.04	—	*W EXP 11/01/202	G50716110
ALT	ALTIMMUNE INC	27,600	$100	0.0%	$9.74	-55.2%	COM NEW	02155H200
SBRA	SABRA HEALTH CARE REIT INC	14,000	$265	0.0%	$14.27	—	COM	78573L106
GERN	GERON CORP	43,000	$57	0.0%	$3.16	-60.3%	COM	374163103