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FLAM

First Light Asset Management Portfolio holdings

AUM $1.12B
1-Year Est. Return 114.45%
This Fund
S&P 500
This Quarter Est. Return
+19.99%
1 Year Est. Return
+114.45%
3 Year Est. Return
+266.49%
5 Year Est. Return
+454.92%
10 Year Est. Return
+8,470.94%
AUM
$1.24B
AUM Growth
+$190M
Cap. Flow
+$44.3M
Cap. Flow %
3.57%
Top 10 Hldgs %
53.49%
Holding
86
New
11
Increased
17
Reduced
17
Closed
11

Top Buys

Rank Stock Value
1
XENE icon
Xenon Pharmaceuticals
XENE
+$36.9M
2
ATEC icon
Alphatec Holdings
ATEC
+$35.2M
3
SWAV
Shockwave Medical, Inc. Common Stock
SWAV
+$22.6M
4
NEO icon
NeoGenomics
NEO
+$14.7M
5
INSP icon
Inspire Medical Systems
INSP
+$14.3M

Top Sells

Rank Stock Value
1
OFIX icon
Orthofix Medical
OFIX
+$23.8M
2
TNDM icon
Tandem Diabetes Care
TNDM
+$22.4M
3
GPCR icon
Structure Therapeutics
GPCR
+$18.9M
4
ZNTL icon
Zentalis Pharmaceuticals
ZNTL
+$17M
5
HCAT icon
Health Catalyst
HCAT
+$15.7M

Sector Composition

Rank Sector Weight
1 Healthcare 95.85%
2 Communication Services 3.34%
3 Industrials 0.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BHVN icon
26
Biohaven
BHVN
$2.03B
$16.4M 1.32%
+383,757
New +$11.9M
IRTC icon
27
iRhythm Holdings
IRTC
$3.85B
$16.3M 1.31%
152,063
+64,024
+73% +$5.58M
THC icon
28
Tenet Healthcare
THC
$20.5B
$14.7M 1.18%
+194,600
New +$12.3M
KRMD icon
29
KORU Medical Systems
KRMD
$189M
$12.7M 1.02%
5,163,737
-123,559
-2% -$294K
IDYA icon
30
IDEAYA Biosciences
IDYA
$3.42B
$12.3M 0.99%
+345,674
New +$10.3M
TNDM icon
31
Tandem Diabetes Care
TNDM
$1.34B
$10.7M 0.86%
360,243
-1,080,723
-75% -$22.4M
NTRA icon
32
Natera
NTRA
$38.3B
$10.4M 0.84%
+165,886
New +$8.29M
KIDS icon
33
OrthoPediatrics
KIDS
$519M
$9.67M 0.78%
297,509
-7,729
-3% -$224K
HCAT icon
34
Health Catalyst
HCAT
$154M
$9.39M 0.76%
1,014,475
-1,915,669
-65% -$15.7M
OSCR icon
35
Oscar Health
OSCR
$9.41B
$8.85M 0.71%
+967,635
New +$6.68M
OLMA icon
36
Olema Pharmaceuticals
OLMA
$1B
$8.85M 0.71%
+631,064
New +$8.48M
RCM
37
DELISTED
R1 RCM Inc. Common Stock
RCM
$8.62M 0.69%
+815,979
New +$9.25M
SCTL
38
DELISTED
Societal CDMO, Inc. Common Stock
SCTL
$6.9M 0.55%
19,676,396
– –
HALO icon
39
Halozyme
HALO
$9.79B
$4.95M 0.4%
134,050
-179,486
-57% -$6.76M
GH icon
40
Guardant Health
GH
$21.5B
$3.9M 0.31%
144,049
-54,734
-28% -$1.44M
EVH icon
41
Evolent Health
EVH
$348M
$2.7M 0.22%
+81,722
New +$2.31M
TECH icon
42
Bio-Techne
TECH
$11.2B
$2.5M 0.2%
32,339
-550
-2% -$36.2K
AXGN icon
43
Axogen
AXGN
$2.27B
$1.89M 0.15%
276,489
-1,648,643
-86% -$9.17M
SLP icon
44
Simulations Plus
SLP
$369M
$1.54M 0.12%
34,448
-609
-2% -$24.1K
IWO icon
45
iShares Russell 2000 Growth ETF
IWO
$14.3B
$1.5M 0.12%
+5,929
New +$1.34M
SONX
46
DELISTED
Sonendo, Inc.
SONX
$1.08M 0.09%
5,143,615
+957,996
+23% +$286K
EXEL icon
47
Exelixis
EXEL
$13.3B
$442K 0.04%
18,445
– –
ELV icon
48
Elevance Health
ELV
$81.5B
$418K 0.03%
886
– –
NVS icon
49
Novartis
NVS
$297B
$416K 0.03%
4,123
– –
SNN icon
50
Smith & Nephew
SNN
$13.3B
$412K 0.03%
15,111
– –
1
2
3 4

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First Light Asset Management's Q4 2023 Portfolio in Review

As of Q4 2023, First Light Asset Management held 86 positions worth $1.24B, up 18% from $1.05B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

First Light Asset Management deployed $44.3M of net new capital in Q4 2023, opening 11 new positions and adding to 17 existing holdings. Its largest new stake was Shockwave Medical, Inc. Common Stock: 119,623 shares worth $22.8M.

By sector, the portfolio is most concentrated in Healthcare at 96% of assets, up from 96% a quarter earlier, followed by Communication Services and Industrials.

On the sell side, the largest reduction was Tandem Diabetes Care, an estimated $22.4M trimmed.

  • First Light Asset Management's largest Q4 2023 buy was Shockwave Medical, Inc. Common Stock: 119,623 shares worth $22.8M.
  • First Light Asset Management added most to Xenon Pharmaceuticals in Q4 2023, an estimated $36.9M increase.
  • First Light Asset Management's biggest Q4 2023 reduction was Tandem Diabetes Care, cutting an estimated $22.4M.
  • First Light Asset Management fully exited Orthofix Medical in Q4 2023, selling an estimated $23.8M.
  • First Light Asset Management's ten largest holdings make up 53% of its $1.24B portfolio in Q4 2023.
  • First Light Asset Management opened 11 new positions and closed 11 in Q4 2023.
  • First Light Asset Management's portfolio value rose 18% quarter-over-quarter to $1.24B.

Based on First Light Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.