Latest First Light Asset Management, LLC Stock Portfolio

First Light Asset Management, LLC Performance:

2025 Q2: -3.85%YTD: -10.61%2024: 1.23%

Performance for 2025 Q2 is -3.85%, and YTD is -10.61%, and 2024 is 1.23%.

About First Light Asset Management, LLC and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, First Light Asset Management, LLC reported an equity portfolio of $771.3 Millions as of 30 Jun, 2025.

The top stock holdings of First Light Asset Management, LLC are ANAB, CNTA, PFMT. The fund has invested 10.2% of it's portfolio in ANAPTYS BIO INC and 7.3% of portfolio in CENTESSA PHARMACEUTICALS LIMITED.

The fund managers got completely rid off TRANSMEDICS GROUP INC (TMDX), OSCAR HEALTH INC (OSCR) and PARAGON 28 INC (FNA) stocks. They significantly reduced their stock positions in JANUX THERAPEUTICS INC (JANX), XENON PHARMACEUTICALS (XENE) and ALIGNMENT HEALTHCARE INC (ALHC). First Light Asset Management, LLC opened new stock positions in ORGANOGENESIS HOLDINGS INC (ORGO), ADMA BIOLOGICS INC (ADMA) and CARIS LIFE SCIENCES INC. The fund showed a lot of confidence in some stocks as they added substantially to SENSEONICS HOLDINGS INC (SENS), EVOLENT HEALTH INC (EVH) and ESTABLISHMENT LABS HOLDINGS (ESTA).

First Light Asset Management, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that First Light Asset Management, LLC made a return of -3.85% in the last quarter. In trailing 12 months, it's portfolio return was -5.01%.

New Buys

Ticker	$ Bought
organogenesis holdings inc	24,804,400
adma biologics inc	17,337,700
caris life sciences inc	11,249,200
cidara therapeutics inc	8,797,760
simulations plus inc	6,232,390
evolus inc	4,795,010
radnet inc	3,909,380
lantheus holdings inc	2,459,480

New stocks bought by First Light Asset Management, LLC

Additions

Ticker	% Inc.
senseonics holdings inc	666
evolent health inc	26.15
establishment labs holdings	23.83
health catalyst inc	17.18
neogenomics inc	13.3
performant healthcare inc	12.63
eledon pharmaceuticals inc	11.67
si-bone inc	8.6

Additions to existing portfolio by First Light Asset Management, LLC

Reductions

Ticker	% Reduced
janux therapeutics inc	-77.29
xenon pharmaceuticals	-70.00
alignment healthcare inc	-59.89
guardant health	-52.47
vera therapeutics inc	-52.12
repligen corp	-49.97
mimedx group inc	-44.18
irhythm technologies	-42.36

First Light Asset Management, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
oscar health inc	-6,847,380
paragon 28 inc	-6,530,000
tandem diabetes care inc	-4,699,120
direxion daily s&p biotech bear 3x shares	-2,303,430
transmedics group inc	-7,256,820
vaxcyte inc	-3,565,300
insulet corp	-4,470,150

First Light Asset Management, LLC got rid off the above stocks

Sector Distribution

First Light Asset Management, LLC has about 91.4% of it's holdings in Healthcare sector.

Sector	%
Healthcare	91.4
Industrials	6.8
Others	1.8

Market Cap. Distribution

First Light Asset Management, LLC has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
SMALL-CAP	50.5
MID-CAP	29.2
MICRO-CAP	17.7
UNALLOCATED	1.8

Stocks belong to which Index?

About 78.3% of the stocks held by First Light Asset Management, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	78.3
Others	21.7

Top 5 Winners (%)		%
MASS	908 devices inc	59.1 %
IRTC	irhythm technologies	47.1 %
KRMD	koru medical systems inc	38.2 %
INSM	insmed inc	31.9 %
SIBN	si-bone inc	30.6 %

Top 5 Winners ($)		$
ANAB	anaptys bio inc	16.7 M
IRTC	irhythm technologies	16.0 M
PFMT	performant healthcare inc	12.2 M
SIBN	si-bone inc	7.7 M
KRMD	koru medical systems inc	4.6 M

Top 5 Losers (%)		%
AXGN	axogen inc	-41.1 %
EWTX	edgewise therapeutics inc	-40.4 %
ALHC	alignment healthcare inc	-24.8 %
NEO	neogenomics inc	-20.8 %
MDXG	mimedx group inc	-19.6 %

Top 5 Losers ($)		$
AXGN	axogen inc	-34.2 M
EWTX	edgewise therapeutics inc	-16.5 M
NEO	neogenomics inc	-13.2 M
HCAT	health catalyst inc	-7.9 M
CNTA	centessa pharmaceuticals limited	-6.0 M

First Light Asset Management, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of First Light Asset Management, LLC

First Light Asset Management, LLC has 38 stocks in it's portfolio. About 60% of the portfolio is in top 10 stocks. AXGN proved to be the most loss making stock for the portfolio. ANAB was the most profitable stock for First Light Asset Management, LLC last quarter.

Last Reported on: 14 Aug, 2025

	Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	ANAB	anaptys bio inc	10.19	3,539,590	78,579,000	reduced	-23.61
Historical Trend of ANAPTYS BIO INC Position Held By First Light Asset Management, LLC What % of Portfolio is ANAB?: Number of ANAB shares held: Change in No. of Shares Held:
	CNTA	centessa pharmaceuticals limited	7.31	4,293,410	56,415,400	reduced	-11.91

	PFMT	performant healthcare inc	6.83	13,170,400	52,681,500	added	12.63

	NEO	neogenomics inc	6.49	6,846,430	50,047,400	added	13.3

	AXGN	axogen inc	6.37	4,529,240	49,142,300	added	1.23

	HCAT	health catalyst inc	5.98	12,230,200	46,107,800	added	17.18

	TWST	twist bioscience corporation	4.51	945,033	34,767,800	reduced	-22.46

	ATRC	atricure inc	4.31	1,015,170	33,267,100	reduced	-22.78

	SIBN	si-bone inc	4.27	1,751,000	32,953,800	added	8.6

	IRTC	irhythm technologies	3.74	187,355	28,845,200	reduced	-42.36

	CRNX	crinetics pharmaceuticals inc	3.22	864,136	24,852,600	added	1.02

	ORGO	organogenesis holdings inc	3.22	6,777,160	24,804,400	new

	EWTX	edgewise therapeutics inc	2.91	1,714,020	22,470,800	reduced	-7.46

	RARE	ultragenyx pharmaceutical inc	2.58	547,905	19,921,800	reduced	-13.31

	ESTA	establishment labs holdings	2.31	417,157	17,816,800	added	23.83

	ADMA	adma biologics inc	2.25	952,096	17,337,700	new

	SENS	senseonics holdings inc	2.21	35,708,100	17,011,400	added	666

	KRMD	koru medical systems inc	2.17	4,681,630	16,760,200	added	5.09

	NPCE	neuropace inc	1.99	1,380,410	15,377,800	reduced	-12.86

	VERA	vera therapeutics inc	1.72	562,981	13,263,800	reduced	-52.12