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FLAM
First Light Asset Management Portfolio holdings
AUM
$1.65B
1-Year Est. Return
203.21%
This Fund
S&P 500
This Quarter
Est. Return
+42.6%
1 Year Est. Return
+203.21%
3 Year Est. Return
+364.25%
5 Year Est. Return
+595.91%
10 Year Est. Return
+10,683%
AUM
$1.65B
AUM Growth
+$529M
(+47%)
Cap. Flow
+$107M
Cap. Flow
% of AUM
6.48%
Top 10 Holdings %
Top 10 Hldgs %
60.74%
Holding
37
New
2
Increased
17
Reduced
12
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enliven Therapeutics
ELVN
|
+$49.2M |
| 2 |
SI-BONE Inc
SIBN
|
+$39.6M |
| 3 |
Tandem Diabetes Care
TNDM
|
+$36.1M |
| 4 |
APGE
Apogee Therapeutics
APGE
|
+$31.9M |
| 5 |
GeneDx Holdings
WGS
|
+$30.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CNTA
Centessa Pharmaceuticals
CNTA
|
+$62M |
| 2 |
Axogen
AXGN
|
+$50.6M |
| 3 |
PVLA
Palvella Therapeutics
PVLA
|
+$25.4M |
| 4 |
Wave Life Sciences
WVE
|
+$13.4M |
| 5 |
Vera Therapeutics
VERA
|
+$12.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 100% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
iRhythm Holdings
IRTC
$3.94B
| $19.9M | 1.21% |
167,092
-1,024
| -0.6% | -$119K |
|
27
Omnicell
OMCL
$1.53B
| $18.8M | 1.14% |
452,324
-37,522
| -8% | -$1.51M |
|
28
AtriCure
ATRC
$2.7B
| $15.9M | 0.97% |
567,838
-161,683
| -22% | -$4.55M |
|
29
KORU Medical Systems
KRMD
$145M
| $14.2M | 0.86% |
3,387,902
-380,478
| -10% | -$1.56M |
|
30
Tactile Systems Technology
TCMD
$499M
| $13.8M | 0.84% |
+462,562
| New | +$11.6M |
|
31
Rhythm Pharmaceuticals
RYTM
$6.96B
| $9.52M | 0.58% |
85,765
-1,416
| -2% | -$128K |
|
|
CNTA
32
DELISTED
Centessa Pharmaceuticals
CNTA
| – | – |
-1,560,991
| Closed | -$62M |
|
33
MiMedx Group
MDXG
$683M
| – | – |
-2,842,892
| Closed | -$11.2M |
|
34
Organogenesis Holdings
ORGO
$202M
| – | – |
-3,498,533
| Closed | -$8.29M |
|
|
35
Vera Therapeutics
VERA
$2.43B
| – | – |
-313,906
| Closed | -$12.6M |
|
|
36
Wave Life Sciences
WVE
$948M
| – | – |
-1,843,968
| Closed | -$13.4M |
|
|
SGP
37
SpyGlass Pharma
SGP
$920M
| – | – |
-375,000
| Closed | -$9.72M |
|
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First Light Asset Management's Q2 2026 Portfolio in Review
As of Q2 2026, First Light Asset Management held 37 positions worth $1.65B, up 47% from $1.12B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
First Light Asset Management deployed $107M of net new capital in Q2 2026, opening 2 new positions and adding to 17 existing holdings. Its largest new stake was Trevi Therapeutics: 2,097,215 shares worth $39.1M.
By sector, the portfolio is most concentrated in Healthcare at 100% of assets, unchanged from a quarter earlier.
On the sell side, the largest reduction was Axogen, an estimated $50.6M trimmed.
- First Light Asset Management's largest Q2 2026 buy was Trevi Therapeutics: 2,097,215 shares worth $39.1M.
- First Light Asset Management added most to Enliven Therapeutics in Q2 2026, an estimated $49.2M increase.
- First Light Asset Management's biggest Q2 2026 reduction was Axogen, cutting an estimated $50.6M.
- First Light Asset Management fully exited Centessa Pharmaceuticals in Q2 2026, selling an estimated $62M.
- First Light Asset Management's ten largest holdings make up 61% of its $1.65B portfolio in Q2 2026.
- First Light Asset Management opened 2 new positions and closed 6 in Q2 2026.
- First Light Asset Management's portfolio value rose 47% quarter-over-quarter to $1.65B.
Based on First Light Asset Management's 13F filing for Q2 2026, filed 14 Aug 2026.