First Turn Management, LLC Diversified Active

Location: Del Mar, CA

CIK: 0001993440 · Show all filings

Period: Q1 2026 (← Previous) (Next →)

Filing Date: May 15, 2026

Total Value: $895M (100.0% shares, 0.0% debt)

Holdings (33)

UTHR UNITED THERAPEUTICS CORP DEL 6.9%

Value $62.1M Shares 104,726 Est. Cost $392.94 Unrealized +22.3%

ABVX ABIVAX SA 5.8%

Value $51.87M Shares 465,869 Est. Cost $99.29 Unrealized —

BBIO BRIDGEBIO PHARMA INC 5.8%

Value $51.66M Shares 695,718 Est. Cost $36.28 Unrealized +105.3%

XENE XENON PHARMACEUTICALS INC 5.1%

Value $45.75M Shares 786,844 Est. Cost $37.92 Unrealized +10.7%

RVMD REVOLUTION MEDICINES INC 5.1%

Value $45.55M Shares 468,376 Est. Cost $45.05 Unrealized +128.7%

APGE APOGEE THERAPEUTICS INC 4.8%

Value $43.24M Shares 513,770 Est. Cost $49.95 Unrealized +44.6%

INSM INSMED INC 4.5%

Value $40.63M Shares 248,475 Est. Cost $48.11 Unrealized +230.6%

NUVL NUVALENT INC 4.2%

Value $37.94M Shares 370,344 Est. Cost $71.10 Unrealized +45.8%

MIRM MIRUM PHARMACEUTICALS INC 4.1%

Value $36.99M Shares 400,464 Est. Cost $33.08 Unrealized +191.9%

COGT COGENT BIOSCIENCES INC 4.1%

Value $36.46M Shares 947,339 Est. Cost $29.31 Unrealized +27.5%

ROIV ROIVANT SCIENCES LTD 3.7%

Value $32.97M Shares 1,190,118 Est. Cost $13.79 Unrealized +75.3%

AXSM AXSOME THERAPEUTICS INC. 3.6%

Value $31.91M Shares 188,772 Est. Cost $94.05 Unrealized +91.7%

IDYA IDEAYA BIOSCIENCES INC 3.3%

Value $29.12M Shares 873,838 Est. Cost $32.22 Unrealized +5.1%

ORIC ORIC PHARMACEUTICALS INC 2.9%

Value $25.56M Shares 2,017,284 Est. Cost $10.42 Unrealized +3.4%

ELVN ENLIVEN THERAPEUTICS INC 2.7%

Value $24.45M Shares 623,839 Est. Cost $25.60 Unrealized 0.0%

CELC CELCUITY INC 2.7%

Value $24.04M Shares 210,578 Est. Cost $107.47 Unrealized 0.0%

SRRK SCHOLAR ROCK HLDG CORP 2.5%

Value $21.94M Shares 446,390 Est. Cost $37.51 Unrealized +21.2%

KYMR KYMERA THERAPEUTICS INC 2.4%

Value $21.21M Shares 254,672 Est. Cost $51.25 Unrealized +51.4%

CYTK CYTOKINETICS INC 2.1%

Value $18.7M Shares 283,700 Est. Cost $45.77 Unrealized +40.8%

DNTH DIANTHUS THERAPEUTICS INC 2.1%

Value $18.54M Shares 220,921 Est. Cost $47.58 Unrealized 0.0%

PVLA PALVELLA THERAPEUTICS INC NE 2.1%

Value $18.46M Shares 148,093 Est. Cost $91.38 Unrealized 0.0%

NAMS NEWAMSTERDAM PHARMA COMPANY 2.0%

Value $17.87M Shares 558,336 Est. Cost $23.08 Unrealized +46.2%

VRDN VIRIDIAN THERAPEUTICS INC 2.0%

Value $17.83M Shares 911,337 Est. Cost $28.25 Unrealized +9.2%

ASND ASCENDIS PHARMA A/S 1.9%

Value $17.45M Shares 76,300 Est. Cost $144.94 Unrealized —

FULC FULCRUM THERAPEUTICS INC 1.9%

Value $17.3M Shares 2,256,109 Est. Cost $10.21 Unrealized +1.6%

TERN TERNS PHARMACEUTICALS INC 1.9%

Value $17.22M Shares 326,694 Est. Cost $23.11 Unrealized +62.1%

VERA VERA THERAPEUTICS INC 1.9%

Value $16.98M Shares 422,023 Est. Cost $35.71 Unrealized +25.9%

NTRA NATERA INC 1.8%

Value $16.21M Shares 81,077 Est. Cost $128.20 Unrealized +76.2%

ERAS ERASCA INC 1.6%

Value $14.04M Shares 867,639 Est. Cost $10.02 Unrealized 0.0%

PRAX PRAXIS PRECISION MEDICINES I 1.5%

Value $13.67M Shares 42,441 Est. Cost $206.03 Unrealized +51.3%

OLMA OLEMA PHARMACEUTICALS INC 1.3%

Value $11.46M Shares 768,662 Est. Cost $19.30 Unrealized +31.9%

QURE UNIQURE NV 1.1%

Value $10.06M Shares 615,489 Est. Cost $31.41 Unrealized -25.0%

MLTX MOONLAKE IMMUNOTHERAPEUTICS 0.7%

Value $5.882M Shares 315,563 Est. Cost $46.07 Unrealized -65.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UTHR	UNITED THERAPEUTICS CORP DEL	104,726	$62.1M	6.9%	$392.94	+22.3%	COM	91307C102
ABVX	ABIVAX SA	465,869	$51.87M	5.8%	$99.29	—	SPONSORED ADS	00370M103
BBIO	BRIDGEBIO PHARMA INC	695,718	$51.66M	5.8%	$36.28	+105.3%	COM	10806X102
XENE	XENON PHARMACEUTICALS INC	786,844	$45.75M	5.1%	$37.92	+10.7%	COM	98420N105
RVMD	REVOLUTION MEDICINES INC	468,376	$45.55M	5.1%	$45.05	+128.7%	COM	76155X100
APGE	APOGEE THERAPEUTICS INC	513,770	$43.24M	4.8%	$49.95	+44.6%	COM	03770N101
INSM	INSMED INC	248,475	$40.63M	4.5%	$48.11	+230.6%	COM PAR $.01	457669307
NUVL	NUVALENT INC	370,344	$37.94M	4.2%	$71.10	+45.8%	COM	670703107
MIRM	MIRUM PHARMACEUTICALS INC	400,464	$36.99M	4.1%	$33.08	+191.9%	COM	604749101
COGT	COGENT BIOSCIENCES INC	947,339	$36.46M	4.1%	$29.31	+27.5%	COM	19240Q201
ROIV	ROIVANT SCIENCES LTD	1,190,118	$32.97M	3.7%	$13.79	+75.3%	SHS	G76279101
AXSM	AXSOME THERAPEUTICS INC.	188,772	$31.91M	3.6%	$94.05	+91.7%	COM	05464T104
IDYA	IDEAYA BIOSCIENCES INC	873,838	$29.12M	3.3%	$32.22	+5.1%	COM	45166A102
ORIC	ORIC PHARMACEUTICALS INC	2,017,284	$25.56M	2.9%	$10.42	+3.4%	COM	68622P109
ELVN	ENLIVEN THERAPEUTICS INC	623,839	$24.45M	2.7%	$25.60	0.0%	COM	29337E102
CELC	CELCUITY INC	210,578	$24.04M	2.7%	$107.47	0.0%	COM	15102K100
SRRK	SCHOLAR ROCK HLDG CORP	446,390	$21.94M	2.5%	$37.51	+21.2%	COM	80706P103
KYMR	KYMERA THERAPEUTICS INC	254,672	$21.21M	2.4%	$51.25	+51.4%	COM	501575104
CYTK	CYTOKINETICS INC	283,700	$18.7M	2.1%	$45.77	+40.8%	COM NEW	23282W605
DNTH	DIANTHUS THERAPEUTICS INC	220,921	$18.54M	2.1%	$47.58	0.0%	COM	252828108
PVLA	PALVELLA THERAPEUTICS INC NE	148,093	$18.46M	2.1%	$91.38	0.0%	COM	697947109
NAMS	NEWAMSTERDAM PHARMA COMPANY	558,336	$17.87M	2.0%	$23.08	+46.2%	ORDINARY SHARES	N62509109
VRDN	VIRIDIAN THERAPEUTICS INC	911,337	$17.83M	2.0%	$28.25	+9.2%	COM	92790C104
ASND	ASCENDIS PHARMA A/S	76,300	$17.45M	1.9%	$144.94	—	SPONSORED ADR	04351P101
FULC	FULCRUM THERAPEUTICS INC	2,256,109	$17.3M	1.9%	$10.21	+1.6%	COM	359616109
TERN	TERNS PHARMACEUTICALS INC	326,694	$17.22M	1.9%	$23.11	+62.1%	COM	880881107
VERA	VERA THERAPEUTICS INC	422,023	$16.98M	1.9%	$35.71	+25.9%	CL A	92337R101
NTRA	NATERA INC	81,077	$16.21M	1.8%	$128.20	+76.2%	COM	632307104
ERAS	ERASCA INC	867,639	$14.04M	1.6%	$10.02	0.0%	COM	29479A108
PRAX	PRAXIS PRECISION MEDICINES I	42,441	$13.67M	1.5%	$206.03	+51.3%	COM NEW	74006W207
OLMA	OLEMA PHARMACEUTICALS INC	768,662	$11.46M	1.3%	$19.30	+31.9%	COM	68062P106
QURE	UNIQURE NV	615,489	$10.06M	1.1%	$31.41	-25.0%	SHS	N90064101
MLTX	MOONLAKE IMMUNOTHERAPEUTICS	315,563	$5.882M	0.7%	$46.07	-65.2%	CLASS A ORD	61559X104