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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
-0.86%
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
$1.14B
AUM Growth
-$165M
(-13%)
Cap. Flow
-$89.3M
Cap. Flow
% of AUM
-7.83%
Top 10 Holdings %
Top 10 Hldgs %
42.55%
Holding
55
New
5
Increased
22
Reduced
16
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FNA
Paragon 28, Inc.
FNA
|
+$37M |
| 2 |
LivaNova
LIVN
|
+$34.6M |
| 3 |
Evolent Health
EVH
|
+$29.5M |
| 4 |
Vera Therapeutics
VERA
|
+$22.6M |
| 5 |
Health Catalyst
HCAT
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SWAV
Shockwave Medical, Inc. Common Stock
SWAV
|
+$52.6M |
| 2 |
Transmedics
TMDX
|
+$49.3M |
| 3 |
iRhythm Holdings
IRTC
|
+$48.8M |
| 4 |
Natera
NTRA
|
+$29.2M |
| 5 |
MODN
MODEL N, INC.
MODN
|
+$25.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 97.29% |
| 2 | Industrials | 2.71% |
| 3 | Communication Services | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NARI
26
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $22.7M | 1.99% |
472,384
+258,444
| +121% | +$11.5M |
|
27
AnaptysBio
ANAB
$1.58B
| $19.5M | 1.71% |
779,158
-164,952
| -17% | -$3.84M |
|
28
OptimizeRx
OPRX
$114M
| $18.3M | 1.6% |
1,826,961
+89,377
| +5% | +$982K |
|
29
Tactile Systems Technology
TCMD
$635M
| $16M | 1.4% |
1,338,902
-1,303,073
| -49% | -$17.5M |
|
30
Dyne Therapeutics
DYN
$4.7B
| $13.5M | 1.18% |
382,433
+276,485
| +261% | +$8.03M |
|
31
KORU Medical Systems
KRMD
$189M
| $13.4M | 1.17% |
5,038,387
-182,603
| -3% | -$418K |
|
32
Avantor
AVTR
$9.32B
| $12.6M | 1.11% |
596,124
-254,571
| -30% | -$6.13M |
|
33
Guardant Health
GH
$21.7B
| $12M | 1.06% |
416,967
+227,202
| +120% | +$5.29M |
|
34
Vaxcyte
PCVX
$7.81B
| $10.6M | 0.92% |
139,729
+79,445
| +132% | +$5.41M |
|
35
Savara
SVRA
$1.12B
| $8.07M | 0.71% |
+2,002,219
| New | +$8.91M |
|
36
Penumbra
PEN
$12.7B
| $7.76M | 0.68% |
43,108
+5,153
| +14% | +$1.03M |
|
37
Humana
HUM
$43.7B
| $6.03M | 0.53% |
+16,139
| New | +$5.45M |
|
38
Centene
CNC
$30.7B
| $5.89M | 0.52% |
+88,827
| New | +$6.46M |
|
|
EXAS
39
DELISTED
Exact Sciences
EXAS
| $5.3M | 0.46% |
+125,386
| New | +$6.9M |
|
40
Stevanato
STVN
$5.42B
| $5M | 0.44% |
272,833
-563,152
| -67% | -$13.1M |
|
41
Ascendis Pharma A/S
ASND
$16B
| $4.93M | 0.43% |
+36,157
| New | +$4.92M |
|
42
Inspire Medical Systems
INSP
$1.45B
| $3.77M | 0.33% |
28,135
-111,816
| -80% | -$21.2M |
|
43
Simulations Plus
SLP
$369M
| $1.37M | 0.12% |
28,259
-482
| -2% | -$22.7K |
|
|
SONX
44
DELISTED
Sonendo, Inc.
SONX
| $350K | 0.03% |
5,143,615
| – | – |
|
45
IDEAYA Biosciences
IDYA
$3.42B
| – | – |
-335,471
| Closed | -$14.7M |
|
|
46
iRhythm Holdings
IRTC
$3.85B
| – | – |
-420,892
| Closed | -$48.8M |
|
47
Prothena Corp
PRTA
$425M
| – | – |
-444,953
| Closed | -$11M |
|
48
Privia Health
PRVA
$2.98B
| – | – |
-1,103,601
| Closed | -$21.6M |
|
49
TELA Bio
TELA
$32.7M
| – | – |
-2,754,028
| Closed | -$15.6M |
|
50
Tenet Healthcare
THC
$20.5B
| – | – |
-79,523
| Closed | -$8.36M |
|
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First Light Asset Management's Q2 2024 Portfolio in Review
As of Q2 2024, First Light Asset Management held 55 positions worth $1.14B, down 13% from $1.31B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
First Light Asset Management withdrew a net $89.3M in Q2 2024, closing 11 positions and reducing 16 holdings. Its most notable exit was Shockwave Medical, Inc. Common Stock, an estimated $52.6M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 97% of assets, up from 96% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, First Light Asset Management opened a new position in Savara worth $8.07M.
- First Light Asset Management's largest Q2 2024 buy was Savara: 2,002,219 shares worth $8.07M.
- First Light Asset Management added most to Paragon 28, Inc. in Q2 2024, an estimated $37M increase.
- First Light Asset Management's biggest Q2 2024 reduction was Transmedics, cutting an estimated $49.3M.
- First Light Asset Management fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $52.6M.
- First Light Asset Management's ten largest holdings make up 43% of its $1.14B portfolio in Q2 2024.
- First Light Asset Management opened 5 new positions and closed 11 in Q2 2024.
- First Light Asset Management's portfolio value fell 13% quarter-over-quarter to $1.14B.
Based on First Light Asset Management's 13F filing for Q2 2024, filed 14 Aug 2024.