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Livermore
Livermore
ZHEN

First Turn Management, LLC

SEC CIK
0001993440
Latest filing
Aug 14, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Aug 14, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
35
0 vs. Q1 2025
Portfolio value
$536.0M
+$40.0M (+8.1%) vs. Q1 2025
Filed
Aug 14, 2025
SEC
Holdings of First Turn Management, LLC in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
INSMINSMED IncCOM PAR $.01372,672$37.5M7.0%−28,957−7.2%ReducedHistory
VRNAVerona Pharma plcSPONSORED ADS309,988$29.3M5.5%−125,397−28.8%ReducedHistory
MIRMMirum Pharmaceuticals, Inc.COM527,540$26.8M5.0%+24,526+4.9%AddedHistory
NUVLNuvalent, Inc.COM320,798$24.5M4.6%−11,129−3.4%ReducedHistory
ARGXArgenx SESPONSORED ADR43,953$24.2M4.5%+2,042+4.9%AddedHistory
BBIOBridgeBio Pharma, Inc.COM551,684$23.8M4.4%−105,015−16.0%ReducedHistory
ASNDAscendis Pharma A/SSPONSORED ADR134,687$23.2M4.3%+21,409+18.9%AddedHistory
XENEXenon Pharmaceuticals Inc.COM660,617$20.7M3.9%−22,834−3.3%ReducedHistory
ORICOric Pharmaceuticals, Inc.COM2,009,923$20.4M3.8%−17,507−0.9%ReducedHistory
NTRANatera, Inc.COM118,130$20.0M3.7%−21,812−15.6%ReducedHistory
ADMAAdma Biologics, Inc.COM1,092,361$19.9M3.7%+525,416+92.7%AddedHistory
ISRGIntuitive Surgical IncCOM NEW32,305$17.6M3.3%+10,196+46.1%AddedHistory
PODDInsulet CorpStock51,408$16.2M3.0%+2,058+4.2%AddedHistory
TGTXTG Therapeutics, Inc.COM447,884$16.1M3.0%+47,240+11.8%AddedHistory
IRONDisc Medicine, Inc.COM299,464$15.9M3.0%+299,464NewHistory
GHGuardant Health, Inc.COM302,307$15.7M2.9%−13,430−4.3%ReducedHistory
MRUSMerus N.V.COM292,964$15.4M2.9%−170,996−36.9%ReducedHistory
RVMDRevolution Medicines, Inc.COM415,591$15.3M2.9%+75,482+22.2%AddedHistory
AXSMAxsome Therapeutics, Inc.COM144,400$15.1M2.8%+26,221+22.2%AddedHistory
BSXBoston Scientific CorpStock138,834$14.9M2.8%−39,322−22.1%ReducedHistory
ACLXArcellx, Inc.COMMON STOCK215,223$14.2M2.6%+215,223NewHistory
APGEApogee Therapeutics, Inc.COM311,490$13.5M2.5%+81,815+35.6%AddedHistory
RDNTRadNet, Inc.COM197,759$11.3M2.1%+40,144+25.5%AddedHistory
JANXJanux Therapeutics, Inc.COM447,420$10.3M1.9%+17,257+4.0%AddedHistory
ELVNEnliven Therapeutics, Inc.COM509,987$10.2M1.9%−25,105−4.7%ReducedHistory
NAMSNewAmsterdam Pharma Co N.V.ORDINARY SHARES521,097$9.44M1.8%+521,097NewHistory
HQYHealthequity, Inc.COM80,880$8.47M1.6%−3,086−3.7%ReducedHistory
SPRYARS Pharmaceuticals, Inc.COM455,953$7.96M1.5%−213,057−31.8%ReducedHistory
VERAVera Therapeutics, Inc.CL A309,666$7.30M1.4%−313,946−50.3%ReducedHistory
SLNOSoleno Therapeutics IncCOM86,332$7.23M1.3%+57,217+196.5%AddedHistory
HROWHarrow, Inc.COM228,761$6.99M1.3%+39,932+21.1%AddedHistory
AKROAkero Therapeutics, Inc.COM114,554$6.11M1.1%+114,554NewHistory
ALNYAlnylam Pharmaceuticals, Inc.COM17,879$5.83M1.1%+17,879NewHistory
KALVKalVista Pharmaceuticals, Inc.COM214,138$2.42M0.5%+214,138NewHistory
BBNXBeta Bionics, Inc.COM157,194$2.29M0.4%+157,194NewHistory

Sold out since Q1 2025 (7)

Positions held at the end of Q1 2025 that are gone from this filing.

Positions of First Turn Management, LLC sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
SWTXSpringWorks Therapeutics, Inc.COM304,076$13.4M2.7%History
GKOSGLAUKOS CorpCOM136,241$13.4M2.7%History
EXASExact Sciences CorpCOM300,909$13.0M2.6%History
PCVXVaxcyte, Inc.COM276,905$10.5M2.1%History
BPMCBlueprint Medicines CorpCOM92,033$8.15M1.6%History
MLTXMoonLake ImmunotherapeuticsCLASS A ORD179,196$7.00M1.4%History
PRAXPraxis Precision Medicines, Inc.COM NEW71,775$2.72M0.5%History