First Turn Management, LLC

CIK: 0001993440SEC EDGAR →

Portfolio Value

$875.2M

Holdings

33

As of

Q4 2025

New Positions

7

Closed Positions

13

Portfolio Value History

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

ABIVAX SA

381,233$51.4M
5.87%
2

REVOLUTION MEDICINES INC

638,385$50.8M
5.81%
3

INSMED INC

264,293$46.0M
5.26%
4

BRIDGEBIO PHARMA INC

595,473$45.5M
5.20%
5

MIRUM PHARMACEUTICALS INC

481,564$38.0M
4.35%
6

AXSOME THERAPEUTICS INC

206,921$37.8M
4.32%
7

NUVALENT INC

368,697$37.1M
4.24%
8

XENON PHARMACEUTICALS INC

799,743$35.8M
4.10%
9

APOGEE THERAPEUTICS INC

474,839$35.8M
4.10%
10

TERNS PHARMACEUTICALS INC

872,049$35.2M
4.03%

Quarterly Changes

Top Buys

TERNNEW
$35.2M
COGTNEW
$29.3M
GHNEW
$27.7M
ABVX↑ Increased
$26.6M
IDYANEW
$25.0M

Top Sells

MRUSCLOSED
$35.0M
ACLXCLOSED
$25.8M
NBIXCLOSED
$25.5M
RVMD↓ Decreased
$20.8M
AKROCLOSED
$18.9M

New Positions (12)

$35.2M · 872K shares
$29.3M · 824K shares
$27.7M · 272K shares
$25.0M · 724K shares
$21.5M · 691K shares
$21.4M · 1.9M shares
$20.3M · 460K shares
$15.7M · 146K shares
$15.4M · 618K shares
$13.5M · 565K shares
$10.5M · 36K shares
$7.7M · 322K shares

Closed Positions (8)

$35.0M · 372K shares
$25.8M · 314K shares
$25.5M · 182K shares
$18.9M · 397K shares
$16.0M · 783K shares
$15.6M · 640K shares
$11.9M · 809K shares
$7.7M · 160K shares

Sector Breakdown

Sector# HoldingsValue%
Healthcare31$798.2M91.2%
Unknown2$77.0M8.8%