First Turn Management, LLC Portfolio Holdings

First Turn Management, LLC

$496 Billion
Q1 2025

First Turn Management, LLC has filed its 13F form on May 15, 2025 for Q1 2025 where it was disclosed a total value porftolio of $496 Billion distributed in 35 stocks.

Among their holdings, we can observe that their the top five positions include companies like: Insmed Inc with a value of $30.6B, Verona Pharma PLC with a value of $27.6B, Argenx Se with a value of $24.8B, Nuvalent, Inc. with a value of $23.5B, and Xenon Pharmaceuticals Inc. with a value of $22.9B.

Examining the 13F form we can see an decrease of $62.3B in the current position value, from $558B to 496B.

First Turn Management, LLC is based out at Del Mar, CA

Below you can find more details about First Turn Management, LLC portfolio as well as his latest detailed transactions.

Portfolio value $496 Billion

Healthcare: $472 Billion

Stock Holdings Table Market Cap. of $2 Billions to $10 Billions

Stock	Market Cap.	Holding Value (Reported)	# of Shares.	Last Trade
VRNA Verona Pharma PLC Healthcare	$6.42B	$27.6 Billion 5.57% of portfolio	435,385	Q1 2025 Reduced 32.17%
NUVL Nuvalent, Inc. Healthcare	$3.19B	$23.5 Billion 4.75% of portfolio	331,927	Q1 2025 Added 7.24%
XENE Xenon Pharmaceuticals Inc. Healthcare	$2.08B	$22.9 Billion 4.62% of portfolio	683,451	Q1 2025 Reduced 0.22%
BBIO Bridge Bio Pharma, Inc. Healthcare	$6.91B	$22.7 Billion 4.58% of portfolio	656,699	Q1 2025 Added 45.19%
MIRM Mirum Pharmaceuticals, Inc. Healthcare	$2.2B	$22.7 Billion 4.57% of portfolio	503,014	Q1 2025 Reduced 0.77%
MRUS Merus N.V. Healthcare	$2.94B	$19.5 Billion 3.94% of portfolio	463,960	Q1 2025 Added 62.7%
TGTX Tg Therapeutics, Inc. Healthcare	$3.88B	$15.8 Billion 3.18% of portfolio	400,644	Q1 2025 New
AXSM Axsome Therapeutics, Inc. Healthcare	$4.49B	$13.8 Billion 2.78% of portfolio	118,179	Q1 2025 Reduced 38.5%
SWTX Spring Works Therapeutics, Inc. Healthcare	$2.93B	$13.4 Billion 2.71% of portfolio	304,076	Q1 2025 New
GH Guardant Health, Inc. Healthcare	$5.54B	$13.5 Billion 2.71% of portfolio	315,737	Q1 2025 New
GKOS Glaukos Corp Healthcare	$4.03B	$13.4 Billion 2.7% of portfolio	136,241	Q1 2025 Added 41.77%
EXAS Exact Sciences Corp Healthcare	$7.25B	$13 Billion 2.63% of portfolio	300,909	Q1 2025 Reduced 2.9%
RVMD Revolution Medicines, Inc. Healthcare	$3.07B	$12 Billion 2.42% of portfolio	340,109	Q1 2025 Reduced 15.8%
ADMA Adma Biologics, Inc. Healthcare	$3.24B	$11.2 Billion 2.27% of portfolio	566,945	Q1 2025 Reduced 17.14%
BPMC Blueprint Medicines Corp Healthcare	$7.73B	$8.15 Billion 1.64% of portfolio	92,033	Q1 2025 Added 37.07%
RDNT Rad Net, Inc. Healthcare	$3.06B	$7.84 Billion 1.58% of portfolio	157,615	Q1 2025 New
HQY Healthequity, Inc. Healthcare	$7.87B	$7.42 Billion 1.5% of portfolio	83,966	Q1 2025 Reduced 33.29%

Summary

Portfolio
No. of Stocks 35
Current Value $496 Billion
Prior Value $558 Billion
Filing
Period Q1 2025
Filing Date May 15, 2025
Form Type 13F-HR
Activity in Q1 2025
New Purchases 8 stocks
Additional Purchases 12 stocks
Sold out of 0 stocks
Reduced holdings in 13 stocks

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First Turn Management, LLC Portfolio Holdings