Broadfin Capital Portfolio holdings

AUM $403M

1-Year Return 74.97%

2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+22.65%

1 Year Return

+74.97%

3 Year Return

+245.63%

5 Year Return

+336.04%

10 Year Return

–

AUM

$1.03B

AUM Growth

+$274M (+36%)

Cap. Flow

+$156M

Cap. Flow % of AUM

15.07%

Top 10 Holdings % Top 10 Hldgs %

40.17%

Holding

New

Increased

Reduced

Closed

Top Buys

1	Travere Therapeutics TVTX	$34.1M
2	Heron Therapeutics HRTX	$31.1M
3	CTRX CATAMARAN CORP COM STK (CDA) CTRX	$21M
4	AVDL Avadel Pharmaceuticals AVDL	$20.1M
5	Emergent Biosolutions EBS	$18.5M

Top Sells

1	Teva Pharmaceuticals TEVA	$29.1M
2	LCI Lannett Company, Inc. LCI	$23.4M
3	Assertio ASRT	$22.5M
4	NVDQ Novadaq Technologies Inc. NVDQ	$16.6M
5	AUXL AUXILIUM PHARAMCEUTICALS INC AUXL	$14.9M

Sector Composition

1	Healthcare	79.95%
2	Technology	0.77%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
76	VCRA 76 DELISTED VOCERA COMMUNICATIONS, INC. VCRA	$2.62M	0.25%	+160,597	New	+$2.62M
77	ANTH 77 DELISTED Anthera Pharmaceuticals, Inc. ANTH	$2.57M	0.25%	95,791	–	–
78	CUTR 78 DELISTED Cutera, Inc. CUTR	$2.42M	0.23%	215,962	–	–
79	79 Talphera TLPH $11.3M	$2.4M	0.23%	10,000	–	–
80	NSPH 80 DELISTED NANOSPHERE INC. COM NEW NSPH	$2.15M	0.21%	+50,000	New	+$2.15M
81	AMRN 81 Amarin Corp AMRN $317M	$1.81M	0.18%	+50,000	New	+$1.81M
82	CORV 82 DELISTED Correvio Pharma Corp. Ordinary Shares (Canada) CORV	$1.58M	0.15%	+200,000	New	+$1.58M
83	83 Option Care Health OPCH $4.72B	$1.54M	0.15%	+55,000	New	+$1.54M
84	STRR 84 DELISTED Star Equity Holdings STRR	$1.14M	0.11%	6,650 +2,160	+48%	+$370K
85	CRDC 85 DELISTED CARDICA INC COM NEW (DE) CRDC	$641K	0.06%	64,035 -413,232	-87%	-$4.14M
86	86 Assembly Biosciences ASMB $183M	–	–	-30,831	Closed	-$7.07M
87	87 Gyre Therapeutics GYRE $698M	–	–	-380	Closed	-$1.24M
88	RAD 88 DELISTED Rite Aid Corporation RAD	–	–	-25,000	Closed	-$2.53M
89	ISEE 89 DELISTED IVERIC bio, Inc. Common Stock ISEE	–	–	-150,000	Closed	-$4.85M
90	AERI 90 DELISTED Aerie Pharmaceuticals, Inc. AERI	–	–	-391,232	Closed	-$7.03M
91	EPZM 91 DELISTED Epizyme, Inc EPZM	–	–	-100,000	Closed	-$2.08M
92	NXTM 92 DELISTED NxStage Medical Inc. NXTM	–	–	-543,466	Closed	-$5.44M
93	STJ 93 DELISTED St Jude Medical STJ	–	–	-100	Closed	-$6K
94	TRNX 94 DELISTED TORNIER N V SHARES (NLD) TRNX	–	–	-15,000	Closed	-$282K
95	NPSP 95 DELISTED NPS PHARMACEUTICALS INC NPSP	–	–	-400,000	Closed	-$12.1M
96	DRTX 96 DELISTED DURATA THERAPEUTICS INC COM STK (DE) DRTX	–	–	-188,706	Closed	-$2.41M
97	SLTM 97 DELISTED SOLTA MED INC (DE) SLTM	–	–	-3,356,391	Closed	-$9.9M