First Turn Management, LLC
CIK 0001993440
Annualised vol
13.129925%
Beta
0.275909
HHI
420.548177
Top-10 weight
53.582441%
VaR 95%
1.211739%
VaR 99%
2.196538%
Max drawdown
24.516086%
Matched value
67.25333%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| RVMD | REDUCED | 415,307 | 468,376 | -11.33% | 77,778,695 |
| AXSM | ADDED | 218,415 | 188,772 | 15.7% | 53,461,440 |
| ELVN | ADDED | 954,360 | 623,839 | 52.98% | 48,433,770 |
| BBIO | REDUCED | 633,364 | 695,718 | -8.96% | 47,172,951 |
| ROIV | ADDED | 1,331,066 | 1,190,118 | 11.84% | 47,106,426 |
| CYTK | ADDED | 527,412 | 283,700 | 85.9% | 44,930,228 |
| XENE | REDUCED | 600,200 | 786,844 | -23.72% | 36,228,072 |
| CELC | ADDED | 329,101 | 210,578 | 56.28% | 34,430,547 |
| INSM | ADDED | 263,851 | 248,475 | 6.19% | 28,131,794 |
| ASND | ADDED | 104,877 | 76,300 | 37.45% | 27,972,793 |
| PCVX | NEW | 443,836 | - | - | 25,800,187 |
| MIRM | REDUCED | 218,051 | 400,464 | -45.55% | 25,527,231 |
| COGT | REDUCED | 602,281 | 947,339 | -36.42% | 23,308,275 |
| ERAS | ADDED | 1,221,721 | 867,639 | 40.81% | 22,381,929 |
| ORIC | UNCHANGED | 2,017,284 | 2,017,284 | 0.0% | 21,847,186 |
| RYTM | NEW | 154,018 | - | - | 17,100,619 |
| INBX | NEW | 164,783 | - | - | 15,613,189 |
| ORKA | NEW | 155,343 | - | - | 14,783,993 |
| KYMR | REDUCED | 102,533 | 254,672 | -59.74% | 11,757,459 |
| SION | NEW | 110,493 | - | - | 4,860,587 |
| FULC | CLOSED OUT | 0 | 2,256,109 | -100.0% | 0 |
| IDYA | CLOSED OUT | 0 | 873,838 | -100.0% | 0 |
| OLMA | CLOSED OUT | 0 | 768,662 | -100.0% | 0 |
| VERA | CLOSED OUT | 0 | 422,023 | -100.0% | 0 |
| MLTX | CLOSED OUT | 0 | 315,563 | -100.0% | 0 |
| NTRA | CLOSED OUT | 0 | 81,077 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| RVMD | REDUCED | REVOLUTION MEDICINES INC | COM | 76155X100 | 77,778,695 | 8.32 | 415307.0 |
| - | ABIVAX SA | SPONSORED ADS | 00370M103 | 65,282,608 | 6.98 | 489889.0 | |
| AXSM | ADDED | AXSOME THERAPEUTICS INC. | COM | 05464T104 | 53,461,440 | 5.72 | 218415.0 |
| ELVN | ADDED | ENLIVEN THERAPEUTICS INC | COM | 29337E102 | 48,433,770 | 5.18 | 954360.0 |
| BBIO | REDUCED | BRIDGEBIO PHARMA INC | COM | 10806X102 | 47,172,951 | 5.05 | 633364.0 |
| ROIV | ADDED | ROIVANT SCIENCES LTD | SHS | G76279101 | 47,106,426 | 5.04 | 1331066.0 |
| - | UNITED THERAPEUTICS CORP DEL | COM | 91307C102 | 46,018,706 | 4.92 | 84932.0 | |
| CYTK | ADDED | CYTOKINETICS INC | COM NEW | 23282W605 | 44,930,228 | 4.81 | 527412.0 |
| XENE | REDUCED | XENON PHARMACEUTICALS INC | COM | 98420N105 | 36,228,072 | 3.88 | 600200.0 |
| CELC | ADDED | CELCUITY INC | COM | 15102K100 | 34,430,547 | 3.68 | 329101.0 |
| - | VIRIDIAN THERAPEUTICS INC | COM | 92790C104 | 30,677,900 | 3.28 | 1670000.0 | |
| INSM | ADDED | INSMED INC | COM PAR $.01 | 457669307 | 28,131,794 | 3.01 | 263851.0 |
| - | UNIQURE NV | SHS | N90064101 | 28,047,086 | 3.0 | 608925.0 | |
| ASND | ADDED | ASCENDIS PHARMA A/S | ORD SHS | K08588103 | 27,972,793 | 2.99 | 104877.0 |
| - | PRAXIS PRECISION MEDICINES I | COM NEW | 74006W207 | 27,964,339 | 2.99 | 83528.0 | |
| - | DIANTHUS THERAPEUTICS INC | COM | 252828108 | 27,856,957 | 2.98 | 285771.0 | |
| PCVX | NEW | VAXCYTE INC | COM | 92243G108 | 25,800,187 | 2.76 | 443836.0 |
| MIRM | REDUCED | MIRUM PHARMACEUTICALS INC | COM | 604749101 | 25,527,231 | 2.73 | 218051.0 |
| - | PALVELLA THERAPEUTICS INC NE | COM | 697947109 | 23,908,689 | 2.56 | 156450.0 | |
| COGT | REDUCED | COGENT BIOSCIENCES INC | COM | 19240Q201 | 23,308,275 | 2.49 | 602281.0 |
| ERAS | ADDED | ERASCA INC | COM | 29479A108 | 22,381,929 | 2.39 | 1221721.0 |
| ORIC | UNCHANGED | ORIC PHARMACEUTICALS INC | COM | 68622P109 | 21,847,186 | 2.34 | 2017284.0 |
| - | NEWAMSTERDAM PHARMA COMPANY | ORDINARY SHARES | N62509109 | 19,740,823 | 2.11 | 582497.0 | |
| - | APOGEE THERAPEUTICS INC | COM | 03770N101 | 18,425,844 | 1.97 | 138822.0 | |
| RYTM | NEW | RHYTHM PHARMACEUTICALS INC | COM | 76243J105 | 17,100,619 | 1.83 | 154018.0 |
| INBX | NEW | INHIBRX BIOSCIENCES INC | COM | 45720N103 | 15,613,189 | 1.67 | 164783.0 |
| - | SCHOLAR ROCK HLDG CORP | COM | 80706P103 | 14,917,485 | 1.6 | 271227.0 | |
| ORKA | NEW | ORUKA THERAPEUTICS INC | COM | 687604108 | 14,783,993 | 1.58 | 155343.0 |
| KYMR | REDUCED | KYMERA THERAPEUTICS INC | COM | 501575104 | 11,757,459 | 1.26 | 102533.0 |
| SION | NEW | SIONNA THERAPEUTICS INC | COM | 829401108 | 4,860,587 | 0.52 | 110493.0 |
| - | NUVALENT INC | COM | 670703107 | 3,247,803 | 0.35 | 26298.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 934,715,611 | 31 | 13.129925 | 0.275909 | 24.516086 |
| 2026-03-31 | 2026-05-15 | 895,098,772 | 33 | 12.086498 | 0.277538 | 23.096484 |
| 2025-12-31 | 2026-02-13 | 875,203,990 | 33 | 12.525663 | 0.294794 | 23.485423 |
| 2025-09-30 | 2025-11-14 | 665,990,532 | 29 | 11.472863 | 0.29053 | 22.067133 |
| 2025-03-31 | 2025-05-15 | 496,050,761 | 35 | 11.834072 | 0.343664 | 19.752173 |
| 2024-12-31 | 2025-02-14 | 558,332,374 | 36 | 9.97681 | 0.262622 | 17.334265 |