First Light Asset Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), First Light Asset Management, LLC reported 50 stock positions worth $1.3 billion. Its top holding was Crinetics Pharmaceuticals (CRNX) at 6.1% of the portfolio, followed by Alphatec (ATEC, 5.7%) and Natera (NTRA, 4.6%). Compared with Q4 2023, it opened 12 new positions, sold out of 37, added to 18 and reduced 18. The biggest buy was Natera (NTRA, shares +296%) and the biggest sale an exit from Karuna Therapeutics (KRTX).
- Most Recent 13F
- Q2 2026
- Location
- Edina, MN
- CIK
- 0001600004
- Portfolio Value
- $1.3B (Q1 2024)
- SEC Filing
- 0001999371-24-006153 ↗ filed May 15, 2024
Holdings Value
Holdings 50 stocks · $1.3B
| CRNX Crinetics Pharmaceuticals Inc. | 6.06% | 1,690,177 | $79.1M | Reduce -15.0% |
| ATEC Alphatec Holdings Inc. | 5.72% | 5,418,631 | $74.7M | Reduce -9.3% |
| NTRA Natera Inc. | 4.60% | 656,708 | $60.1M | Add +295.9% |
| XENE Xenon Pharmaceuticals Inc. | 4.35% | 1,320,172 | $56.8M | Reduce -19.8% |
| PLRX Pliant Therapeutics Inc. | 4.03% | 3,534,993 | $52.7M | Reduce -1.6% |
| TMDX Transmedics Group Inc. | 4.03% | 711,682 | $52.6M | Reduce -5.7% |
| SWAV Shockwave Medical Inc. | 4.03% | 161,484 | $52.6M | Add +35.0% |
| NEO Neogenomics Inc. | 3.97% | 3,302,165 | $51.9M | Reduce -15.9% |
| IRTC Irhythm Holdings Inc. | 3.74% | 420,892 | $48.8M | Add +176.8% |
| FNA Paragon 28 Inc. | 3.60% | 3,802,968 | $47.0M | Reduce -0.4% |
| TCMD Tactile Systems Technology I | 3.29% | 2,641,975 | $42.9M | Reduce -7.6% |
| ATRC Atricure Inc. | 3.22% | 1,382,860 | $42.1M | Add +2.5% |
| SIBN Si-Bone Inc. | 3.10% | 2,473,165 | $40.5M | Reduce -2.9% |
| RARE Ultragenyx Pharmaceutical Inc. | 2.83% | 790,446 | $36.9M | Add +6.2% |
| CNTA Centessa Pharmaceuticals Ltd. | 2.60% | 3,002,045 | $33.9M | New |
| RCM R1 RCM Inc. | 2.52% | 2,552,325 | $32.9M | Add +212.8% |
| OSCR Oscar Health Inc. Class A | 2.39% | 2,102,554 | $31.3M | Add +117.3% |
| PHLT Performant Healthcare Inc. | 2.37% | 10,515,127 | $30.9M | Add +8.7% |
| INSP Inspire Medical Systems Inc. | 2.30% | 139,951 | $30.1M | Add +58.1% |
| BCYC Bicycle Therapeutics PLC-ADR | 2.27% | 1,193,051 | $29.7M | Reduce -23.1% |
| STVN Stevanato Group SPA | 2.05% | 835,985 | $26.8M | Add +14.5% |
| PODD Insulet Corp. | 1.99% | 151,264 | $25.9M | New |
| MODN Model N Inc. | 1.95% | 894,241 | $25.5M | Reduce -42.0% |
| AVTR Avantor Inc. | 1.67% | 850,695 | $21.8M | Add +5728.3% |
| PRVA Privia Health Group Inc. | 1.66% | 1,103,601 | $21.6M | New |
| ANAB Anaptysbio Inc. | 1.63% | 944,110 | $21.3M | Reduce -23.7% |
| SCTL Societal Cdmo Inc. | 1.63% | 19,676,396 | $21.3M | No change |
| OPRX Optimizerx Corp. | 1.62% | 1,737,584 | $21.1M | Add +0.6% |
| ALPN Alpine Immune Sciences Inc. | 1.52% | 501,243 | $19.9M | New |
| VERA Vera Therapeutics Inc. | 1.44% | 436,133 | $18.8M | New |
| TNDM Tandem Diabetes Care Inc. | 1.29% | 475,077 | $16.8M | Add +31.9% |
| TELA Tela Bio Inc. | 1.20% | 2,754,028 | $15.6M | Add +7.8% |
| IDYA Ideaya Biosciences Inc. | 1.13% | 335,471 | $14.7M | Reduce -3.0% |
| KRMD Koru Medical Systems Inc. | 0.94% | 5,220,990 | $12.3M | Add +1.1% |
| PRTA Prothena Corp. PLC | 0.84% | 444,953 | $11.0M | Reduce -59.1% |
| NARI Inari Medical Inc. | 0.79% | 213,940 | $10.3M | New |
| EVH Evolent Health Inc. Class A | 0.72% | 288,181 | $9.4M | Add +252.6% |
| PEN Penumbra Inc. | 0.65% | 37,955 | $8.5M | New |
| THC Tenet Healthcare Corp. | 0.64% | 79,523 | $8.4M | Reduce -59.1% |
| INSM Insmed Inc. | 0.59% | 282,766 | $7.7M | Reduce -56.2% |
| GPCR Structure Therapeutics Inc. | 0.49% | 149,113 | $6.4M | New |
| AXGN Axogen Inc. | 0.47% | 765,886 | $6.2M | Add +177.0% |
| LIVN Livanova PLC | 0.44% | 102,792 | $5.8M | New |
| HCAT Health Catalyst Inc. | 0.42% | 734,681 | $5.5M | Reduce -27.6% |
| PCVX Vaxcyte Inc. | 0.32% | 60,284 | $4.1M | New |
| GH Guardant Health Inc. | 0.30% | 189,765 | $3.9M | Add +31.7% |
| VTYX Ventyx Biosciences Inc. | 0.26% | 624,842 | $3.4M | New |
| DYN Dyne Therapeutics Inc. | 0.23% | 105,948 | $3.0M | New |
| SLP Simulations Plus Inc. | 0.09% | 28,741 | $1.2M | Reduce -16.6% |
| SONENDO INC | 0.04% | 5,143,615 | $545K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| KRTX Karuna Therapeutics Inc. | Sold out | 0.00% | −7.31 |
| PRTA Prothena Corp. PLC | Reduce -59.1% | 0.84% | −2.34 |
| XENE Xenon Pharmaceuticals Inc. | Reduce -19.8% | 4.35% | −1.75 |
| AXONICS INC | Sold out | 0.00% | −1.60 |
| ATEC Alphatec Holdings Inc. | Reduce -9.3% | 5.72% | −1.54 |
| BMRN Biomarin Pharmaceutical Inc. | Sold out | 0.00% | −1.44 |
| MODN Model N Inc. | Reduce -42.0% | 1.95% | −1.39 |
| BHVN Biohaven Ltd. | Sold out | 0.00% | −1.32 |
| SIBN Si-Bone Inc. | Reduce -2.9% | 3.10% | −1.20 |
| PLRX Pliant Therapeutics Inc. | Reduce -1.6% | 4.03% | −1.20 |
| NEO Neogenomics Inc. | Reduce -15.9% | 3.97% | −1.14 |
| INSM Insmed Inc. | Reduce -56.2% | 0.59% | −1.02 |
| KIDS Orthopediatrics Corp. | Sold out | 0.00% | −0.78 |
| TMDX Transmedics Group Inc. | Reduce -5.7% | 4.03% | −0.76 |
| OLMA Olema Pharmaceuticals Inc. | Sold out | 0.00% | −0.71 |
| THC Tenet Healthcare Corp. | Reduce -59.1% | 0.64% | −0.54 |
| ANAB Anaptysbio Inc. | Reduce -23.7% | 1.63% | −0.50 |
| HALO Halozyme Therapeutics Inc. | Sold out | 0.00% | −0.40 |
| HCAT Health Catalyst Inc. | Reduce -27.6% | 0.42% | −0.33 |
| FNA Paragon 28 Inc. | Reduce -0.4% | 3.60% | −0.22 |
| TECH Bio-Techne Corp. | Sold out | 0.00% | −0.20 |
| IWO iShares Russell 2000 Growth | Sold out | 0.00% | −0.12 |
| EXEL Exelixis Inc. | Sold out | 0.00% | −0.04 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.03 |
| NVS Novartis AG-Sponsored ADR | Sold out | 0.00% | −0.03 |
| SLP Simulations Plus Inc. | Reduce -16.6% | 0.09% | −0.03 |
| SNN Smith & Nephew PLC -Spon ADR | Sold out | 0.00% | −0.03 |
| CNC Centene Corp. | Sold out | 0.00% | −0.03 |
| FMS Fresenius Medical Care-ADR | Sold out | 0.00% | −0.03 |
| HUM Humana Inc. | Sold out | 0.00% | −0.03 |
| ENOV Enovis Corp. | Sold out | 0.00% | −0.03 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.03 |
| SNY Sanofi-ADR | Sold out | 0.00% | −0.03 |
| GSK GSK PLC-Spon ADR | Sold out | 0.00% | −0.03 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.03 |
| TAK Takeda Pharmaceutic-SP ADR | Sold out | 0.00% | −0.03 |
| VTRS Viatris Inc. | Sold out | 0.00% | −0.03 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.03 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.03 |
| IART Integra Lifesciences Holding | Sold out | 0.00% | −0.03 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.03 |
| QDEL Quidelortho Corp. | Sold out | 0.00% | −0.03 |
| QGEN Qiagen NV | Sold out | 0.00% | −0.02 |
| UTHR United Therapeutics Corp. | Sold out | 0.00% | −0.02 |
| XRAY Dentsply Sirona Inc. | Sold out | 0.00% | −0.02 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.02 |
| LH Laboratory CRP of Amer Hldgs | Sold out | 0.00% | −0.02 |
| PDCO Patterson Cos Inc. | Sold out | 0.00% | −0.02 |
| RVTY Revvity Inc. | Sold out | 0.00% | −0.02 |
| BAYRY Bayer AG-Sponsored ADR | Sold out | 0.00% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| NTRA Natera Inc. | Add +295.9% | 4.60% | +3.76 |
| CNTA Centessa Pharmaceuticals Ltd. | New | 2.60% | +2.60 |
| IRTC Irhythm Holdings Inc. | Add +176.8% | 3.74% | +2.43 |
| SWAV Shockwave Medical Inc. | Add +35.0% | 4.03% | +2.19 |
| PODD Insulet Corp. | New | 1.99% | +1.99 |
| RCM R1 RCM Inc. | Add +212.8% | 2.52% | +1.82 |
| OSCR Oscar Health Inc. Class A | Add +117.3% | 2.39% | +1.68 |
| PRVA Privia Health Group Inc. | New | 1.66% | +1.66 |
| AVTR Avantor Inc. | Add +5728.3% | 1.67% | +1.64 |
| ALPN Alpine Immune Sciences Inc. | New | 1.52% | +1.52 |
| VERA Vera Therapeutics Inc. | New | 1.44% | +1.44 |
| INSP Inspire Medical Systems Inc. | Add +58.1% | 2.30% | +0.85 |
| NARI Inari Medical Inc. | New | 0.79% | +0.79 |
| PEN Penumbra Inc. | New | 0.65% | +0.65 |
| EVH Evolent Health Inc. Class A | Add +252.6% | 0.72% | +0.51 |
| GPCR Structure Therapeutics Inc. | New | 0.49% | +0.49 |
| STVN Stevanato Group SPA | Add +14.5% | 2.05% | +0.45 |
| LIVN Livanova PLC | New | 0.44% | +0.44 |
| TNDM Tandem Diabetes Care Inc. | Add +31.9% | 1.29% | +0.43 |
| AXGN Axogen Inc. | Add +177.0% | 0.47% | +0.32 |
| PCVX Vaxcyte Inc. | New | 0.32% | +0.32 |
| VTYX Ventyx Biosciences Inc. | New | 0.26% | +0.26 |
| DYN Dyne Therapeutics Inc. | New | 0.23% | +0.23 |
| GH Guardant Health Inc. | Add +31.7% | 0.30% | −0.01 |
| RARE Ultragenyx Pharmaceutical Inc. | Add +6.2% | 2.83% | −0.04 |
| PHLT Performant Healthcare Inc. | Add +8.7% | 2.37% | −0.06 |
| KRMD Koru Medical Systems Inc. | Add +1.1% | 0.94% | −0.08 |
| TELA Tela Bio Inc. | Add +7.8% | 1.20% | −0.17 |
| OPRX Optimizerx Corp. | Add +0.6% | 1.62% | −0.37 |
| ATRC Atricure Inc. | Add +2.5% | 3.22% | −0.65 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 31 | $1.6B | NEO, SIBN, AXGN, APGE, PVLA |
| Q1 2026 | 35 | $1.1B | AXGN, PVLA, NEO, SIBN, CNTA |
| Q4 2025 | 33 | $1.3B | AXGN, NEO, SIBN, PVLA, CNTA |
| Q3 2025 | 41 | $1.1B | AXGN, PHLT, CNTA, NEO, AMLX |
| Q2 2025 | 38 | $771.3M | ANAB, CNTA, PHLT, NEO, AXGN |
| Q1 2025 | 37 | $875.7M | ANAB, AXGN, CNTA, NEO, TWST |
| Q4 2024 | 36 | $1.0B | FNA, CNTA, AXGN, ATRC, TWST |
| Q3 2024 | 38 | $1.2B | CNTA, FNA, EVH, AXGN, ATRC |
| Q2 2024 | 44 | $1.1B | FNA, ATEC, CRNX, NEO, XENE |
| Q1 2024 | 50 | $1.3B | CRNX, ATEC, NTRA, XENE, PLRX |