13F HOLDINGS REPORT
First Turn Management, LLC
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001993440-26-000001
Total Value
$875.2M
Positions
33
Other Managers
0
Confidential Omitted
No
Holdings (33)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ABIVAX SA | AAVXF | 381,233 | $51.4M | 5.87% |
| 2 | REVOLUTION MEDICINES INC | RVMDW | 638,385 | $50.8M | 5.81% |
| 3 | INSMED INC | INSM | 264,293 | $46.0M | 5.26% |
| 4 | BRIDGEBIO PHARMA INC | BBIO | 595,473 | $45.5M | 5.20% |
| 5 | MIRUM PHARMACEUTICALS INC | MIRM | 481,564 | $38.0M | 4.35% |
| 6 | AXSOME THERAPEUTICS INC | AXSM | 206,921 | $37.8M | 4.32% |
| 7 | NUVALENT INC | NUVL | 368,697 | $37.1M | 4.24% |
| 8 | XENON PHARMACEUTICALS INC | XENE | 799,743 | $35.8M | 4.10% |
| 9 | APOGEE THERAPEUTICS INC | APGE | 474,839 | $35.8M | 4.10% |
| 10 | TERNS PHARMACEUTICALS INC | TERN | 872,049 | $35.2M | 4.03% |
| 11 | NEWAMSTERDAM PHARMA COMPANY | NAMSW | 893,473 | $31.3M | 3.58% |
| 12 | UNITED THERAPEUTICS CORP DEL | UTHR | 63,580 | $31.0M | 3.54% |
| 13 | VERA THERAPEUTICS INC | VERA | 601,774 | $30.5M | 3.48% |
| 14 | COGENT BIOSCIENCES INC | COGT | 824,283 | $29.3M | 3.35% |
| 15 | ASCENDIS PHARMA A/S | ASND | 131,808 | $28.1M | 3.21% |
| 16 | GUARDANT HEALTH INC | GH | 271,685 | $27.7M | 3.17% |
| 17 | ROIVANT SCIENCES LTD | ROIV | 1,186,817 | $25.8M | 2.94% |
| 18 | IDEAYA BIOSCIENCES INC | IDYA | 723,653 | $25.0M | 2.86% |
| 19 | VIRIDIAN THERAPEUTICS INC | VRDN | 690,528 | $21.5M | 2.46% |
| 20 | FULCRUM THERAPEUTICS INC | FULC | 1,892,683 | $21.4M | 2.45% |
| 21 | CYTOKINETICS INC | CYTK | 325,668 | $20.7M | 2.36% |
| 22 | SCHOLAR ROCK HLDG CORP | SRRK | 459,727 | $20.3M | 2.31% |
| 23 | ARGENX SE | ARGX | 23,256 | $19.6M | 2.23% |
| 24 | NATERA INC | NTRA | 80,875 | $18.5M | 2.12% |
| 25 | ORIC PHARMACEUTICALS INC | ORIC | 2,010,307 | $16.4M | 1.88% |
| 26 | KYMERA THERAPEUTICS INC | KYMR | 206,445 | $16.1M | 1.84% |
| 27 | RHYTHM PHARMACEUTICALS INC | RYTM | 146,303 | $15.7M | 1.79% |
| 28 | OLEMA PHARMACEUTICALS INC | OLMA | 617,714 | $15.4M | 1.76% |
| 29 | ARCUS BIOSCIENCES INC | RCUS | 565,142 | $13.5M | 1.54% |
| 30 | DISC MEDICINE INC | IRON | 153,206 | $12.2M | 1.39% |
| 31 | PRAXIS PRECISION MEDICINES I | PRAX | 35,749 | $10.5M | 1.20% |
| 32 | UNIQURE NV | QURE | 321,655 | $7.7M | 0.88% |
| 33 | MOONLAKE IMMUNOTHERAPEUTICS | MLTX | 262,643 | $3.5M | 0.40% |