First Light Asset Management, LLC

CIK: 0001600004Latest portfolio: $1.3B · Q4 2025

Holdings

33

Total Value

$1.3B

New Positions

6

Closed Positions

14

#StockSharesValue% PortfolioChangeType
1
AXGNAXOGEN INC
5,233,326$171.3M13.10%-572,404
2
NEONEOGENOMICS INC
10,035,063$118.0M9.02%+108K
3
SIBNSI-BONE INC
5,032,904$99.2M7.59%+3.1M
4
PVLAPALVELLA THERAPEUTICS INC
709,141$74.2M5.67%+168K
5
CNTACENTESSA PHARMACEUTICALS LIMITED
2,278,940$57.0M4.36%-1,356,876
6
CRNXCRINETICS PHARMACEUTICALS INC
1,194,263$55.6M4.25%+253K
7
ATRCATRICURE INC
1,175,445$46.5M3.56%+285K
8
VERAVERA THERAPEUTICS INC
869,676$44.0M3.37%+363K
9
IRONDISC MEDICINE INC
523,167$41.5M3.18%+292K
10
AMLXAMYLYX PHARMACEUTICALS INC
3,355,539$40.5M3.10%-343
11
EWTXEDGEWISE THERAPEUTICS INC
1,573,701$39.1M2.99%+159K
12
MDGLMADRIGAL PHARMACEUTICALS INC
66,831$38.9M2.98%+55K
13
TWSTTWIST BIOSCIENCE CORPORATION
1,140,771$36.2M2.77%-54,112
14
SLPSIMULATIONS PLUS INC
1,968,917$35.9M2.74%+1.2M
15
RYTMRHYTHM PHARMACEUTICALS INC
295,844$31.7M2.42%+115K
16
WVEWAVE LIFE SCIENCES LTD
1,853,851$31.5M2.41%NEW
17
ANABANAPTYS BIO INC
646,238$31.3M2.40%-343,923
18
HCATHEALTH CATALYST INC
12,910,941$30.9M2.36%-525,279
19
GHGUARDANT HEALTH
294,751$30.1M2.30%+15K
20
IRTCIRHYTHM TECHNOLOGIES
153,871$27.3M2.09%-1,228
21
ESTAESTABLISHMENT LABS HOLDINGS
373,082$27.2M2.08%-45,276
22
MASS908 DEVICES INC
4,836,186$25.4M1.94%+2.3M
23
KRMDKORU MEDICAL SYSTEMS INC
4,210,512$24.5M1.87%-317,225
24
TNDMTANDEM DIABETES CARE INC
1,089,493$23.9M1.83%NEW
25
APGEAPOGEE THERAPEUTICS INC
284,991$21.5M1.64%NEW

Quarterly Changes

New Positions

Closed Positions

Increased Positions

NameSharesChange
SIBN5.0M+3.1M
MASS4.8M+2.3M
BFLY2.8M+1.7M
VERA870K+363K
IRON523K+292K
PVLA709K+168K
EWTX1.6M+159K
RYTM296K+115K
MDGL67K+55K
GH295K+15K

Decreased Positions

NameSharesChange
ORGO3.9M-3635091
CNTA2.3M-1356876
MDXG3.0M-613611
AXGN5.2M-572404
HCAT12.9M-525279
ANAB646K-343923
KRMD4.2M-317225
TWST1.1M-54112
ESTA373K-45276
NPCE1.3M-10589

Sector Breakdown

Healthcare0.0% ($1.712861180129925e+151T)
Financial Services0.0% ($245K)

Filing History

QuarterFiling DatePortfolio ValueHoldings
Q4 2025Feb 17, 2026$1.3B33
Q3 2025Nov 14, 2025$1.1T41
Q2 2025Aug 14, 2025$771.3B38
Q1 2025May 15, 2025$875.7B37
Q4 2024Feb 14, 2025$1.0T36
Q3 2024Nov 14, 2024$1201.9T38
Q2 2024Aug 14, 2024$1140.8T44
Q1 2024May 15, 2024$1306.1T50
Q4 2023Feb 14, 2024$1243.0T75
Q3 2023Nov 14, 2023$1052.8T75
Q2 2023Aug 14, 2023$1275.9T79
Q1 2023May 15, 2023$1110.6T74
Q4 2022Feb 14, 2023$1077.4T74
Q3 2022Nov 14, 2022$988.1B71
Q2 2022Aug 12, 2022$859.4B71
Q1 2022May 13, 2022$1.1T75
Q4 2021Feb 14, 2022$1.4T79
Q3 2021Nov 12, 2021$1.5T83
Q2 2021Aug 13, 2021$1.7T79
Q1 2021May 17, 2021$1.5T77
Q4 2020Feb 16, 2021$1.4T74
Q3 2020Nov 13, 2020$976.0B60
Q2 2020Aug 14, 2020$858.2B60
Q1 2020May 15, 2020$585.8B64
Q4 2019Feb 14, 2020$782.3B69
Q3 2019Nov 14, 2019$661.5B71
Q2 2019Aug 14, 2019$720.2B73
Q1 2019May 15, 2019$769.6B63
Q4 2018Feb 14, 2019$627.2B59
Q3 2018Nov 14, 2018$619.8B59
Q2 2018Aug 14, 2018$642.3B55
Q1 2018May 15, 2018$455.4B52
Q4 2017Feb 14, 2018$364.7B52
Q3 2017Nov 14, 2017$315.8B52
Q2 2017Aug 14, 2017$298.1B55
Q1 2017May 15, 2017$261.9B52
Q4 2016Feb 14, 2017$227.5B54
Q3 2016Nov 15, 2016$232.3B68
Q2 2016Aug 15, 2016$215.9B65
Q1 2016May 16, 2016$198.2B67

Fund Information

CIK0001600004
Most Recent FilingFeb 17, 2026
Number of Filings40

First Light Asset Management, LLC is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $1.3B across 33 holdings. The largest position is AXOGEN INC (AXGN), representing 13.1% of the portfolio. Compared to the previous quarter, the fund opened 6 new positions and closed 14 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.