First Turn Management, LLC
DEL MAR, CA · CIK 1993440 · 13F filing filed 2024-08-08
SEC-registered investment adviser since 2023 · limited liability company
- Assets managed$900.1m
- Staff4 · 4 in investment roles
- Main clients (by assets)Sovereign wealth funds 90%, Private funds 10%
- Private funds2 (2 hedge) · $36.3m gross assets
- Main officeSolana Beach, CA
- Form ADV · 2026-03-25SEC adviser record
- Legal entityFIRST TURN MANAGEMENT, LLC (US)
$614.7m
reported value
-8.0% vs Q1 2024
36positions
40.7%in top 10
10 new
7 added
15 reduced
8 sold out
vs Q1 2024
Holdings, Q2 2024
The small lines show how much was held over the last 4 quarters (adjusted for stock splits).
| Security | Value | Change |
|---|---|---|
| ARGENX SE ARGX | $34.4m5.59% | Unchanged |
| SAREPTA THERAPEUTICS INC SRPT | $28.7m4.67% | Reduced -40.1k |
| AXSOME THERAPEUTICS INC AXSM | $27.1m4.42% | Reduced -4.9k |
| ASCENDIS PHARMA A/S SPONSORED ADR | $25.4m4.14% | Added +35.0k |
| MIRUM PHARMACEUTICALS INC MIRM | $24.0m3.91% | Reduced -255.3k |
| INTRA-CELLULAR THERAPIES INC ITCI | $23.8m3.87% | Added +140.6k |
| VERTEX PHARMACEUTICALS INC VRTX | $23.8m3.87% | Reduced -8.1k |
| INSMED INC INSM | $21.7m3.52% | New |
| TRANSMEDICS GROUP INC TMDX | $21.1m3.42% | Reduced -157.6k |
| KRYSTAL BIOTECH INC KRYS | $20.1m3.26% | Reduced -21.6k |
| BLUEPRINT MEDICINES CORP BPMC | $19.9m3.24% | New |
| VAXCYTE INC PCVX | $19.7m3.20% | Unchanged |
| NUVALENT INC COM | $19.1m3.11% | Reduced -13.6k |
| MERUS N V MRUS | $19.0m3.10% | New |
| INTUITIVE SURGICAL INC ISRG | $18.6m3.03% | New |
| IMMUNOVANT INC IMVT | $18.4m2.99% | Added +182.5k |
| DEXCOM INC DXCM | $18.2m2.95% | Reduced -32.8k |
| ESTABLISHMENT LABS HLDGS INC ESTA | $16.8m2.73% | New |
| CRINETICS PHARMACEUTICALS IN CRNX | $16.5m2.69% | New |
| CYTOKINETICS INC CYTK | $15.9m2.59% | Reduced -137.0k |
| ALPHATEC HLDGS INC ATEC | $14.2m2.31% | Added +369.8k |
| IDEAYA BIOSCIENCES INC IDYA | $14.0m2.27% | Unchanged |
| XENON PHARMACEUTICALS INC XENE | $13.3m2.16% | Reduced -340.5k |
| SYNDAX PHARMACEUTICALS INC SNDX | $13.1m2.14% | New |
| REVOLUTION MEDICINES INC RVMD | $12.8m2.08% | New |
| BIOHAVEN LTD BHVN | $12.7m2.07% | Reduced -66.3k |
| APOGEE THERAPEUTICS INC COM | $12.5m2.04% | Reduced -61.5k |
| KALVISTA PHARMACEUTICALS INC KALV | $12.5m2.03% | Reduced -119.9k |
| ROCKET PHARMACEUTICALS INC RCKT | $12.1m1.96% | Added +310.1k |
| SPYRE THERAPEUTICS INC SYRE | $10.9m1.78% | Unchanged |
| ORIC PHARMACEUTICALS INC ORIC | $10.7m1.74% | Added +418.4k |
| SILENCE THERAPEUTICS PLC SLN | $10.2m1.66% | New |
| IMMUNOCORE HLDGS PLC IMCR | $9.9m1.60% | Reduced -103.6k |
| ENLIVEN THERAPEUTICS INC ELVN | $9.7m1.57% | New |
| VERA THERAPEUTICS INC VERA | $7.7m1.25% | Added +94.7k |
| DISC MEDICINE INC IRON | $6.3m1.02% | Reduced -113.8k |
Sold out since Q1 2024
| Security | Value then |
|---|---|
| SHOCKWAVE MED INC SWAV | $31.9m98.1k shares |
| DAY ONE BIOPHARMACEUTICALS I | $21.8m1.3m shares |
| IONIS PHARMACEUTICALS INC IONS | $18.3m421.5k shares |
| VERONA PHARMA PLC VRNA | $15.7m973.1k shares |
| LEGEND BIOTECH CORP LEGN | $12.8m228.3k shares |
| EYEPOINT PHARMACEUTICALS INC EYPT | $12.1m585.4k shares |
| VIKING THERAPEUTICS INC VKTX | $10.5m128.1k shares |
| TYRA BIOSCIENCES INC TYRA | $6.3m381.2k shares |