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Latest First Turn Management, LLC Stock Portfolio

$934Million | No. of Holdings #31

First Turn Management, LLC Performance

2026 Q2+13.59%
YTD+15.92%
2025+40.85%

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

On 2026-08-14, the fund reported it's updated stock portfolio. In the 13F Holdings report, First Turn Management, LLC reported an equity portfolio of $934.7 Millions as of 30 Jun, 2026. <br><br> The top stock holdings of First Turn Management, LLC are RVMD, , AXSM. The fund has invested 8.3% of it's portfolio in REVOLUTION MEDICINES INC and 7% of portfolio in ABIVAX SA. <br><br> The fund managers got completely rid off IDEAYA BIOSCIENCES INC (IDYA), ASCENDIS PHARMA A/S (ASND) and FULCRUM THERAPEUTICS INC (FULC) stocks. They significantly reduced their stock positions in NUVALENT INC (NUVL), APOGEE THERAPEUTICS INC and KYMERA THERAPEUTICS INC (KYMR). First Turn Management, LLC opened new stock positions in ASCENDIS PHARMA A/S, VAXCYTE INC (PCVX) and RHYTHM PHARMACEUTICALS INC (RYTM). The fund showed a lot of confidence in some stocks as they added substantially to PRAXIS PRECISION MEDICINES I (PRAX), CYTOKINETICS INC (CYTK) and VIRIDIAN THERAPEUTICS INC (VRDN).
First Turn Management, LLC Equity Portfolio Value
Last Reported on: 14 Aug, 2026
$934Million
  as of Aug 14, 2026

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

Our best estimate is that First Turn Management, LLC made a return of 13.59% in the last quarter. In trailing 12 months, it's portfolio return was 58.26%.
  • Performance
  • S&P 500

New Buys

Ticker$ Bought
ascendis pharma a/s27,972,800
vaxcyte inc25,800,200
rhythm pharmaceuticals inc17,100,600
inhibrx biosciences inc15,613,200
oruka therapeutics inc14,784,000
sionna therapeutics inc4,860,590
New stocks bought by First Turn Management, LLC

Additions

Ticker% Inc.
praxis precision medicines i96.81
cytokinetics inc85.9
viridian therapeutics inc83.25
celcuity inc56.28
enliven therapeutics inc52.98
erasca inc40.81
dianthus therapeutics inc29.35
axsome therapeutics inc.15.7
Additions to existing portfolio by First Turn Management, LLC

Reductions

Ticker% Reduced
nuvalent inc-92.9
apogee therapeutics inc-72.98
kymera therapeutics inc-59.74
mirum pharmaceuticals inc-45.55
scholar rock hldg corp-39.24
cogent biosciences inc-36.42
xenon pharmaceuticals inc-23.72
united therapeutics corp del-18.9
First Turn Management, LLC reduced stake in above stock

Sold off

Ticker$ Sold
fulcrum therapeutics inc-17,304,400
ideaya biosciences inc-29,116,300
olema pharmaceuticals inc-11,460,800
vera therapeutics inc-16,978,000
terns pharmaceuticals inc-17,223,300
moonlake immunotherapeutics-5,882,090
natera inc-16,214,600
ascendis pharma a/s-17,452,100
First Turn Management, LLC got rid off the above stocks

Sector Distribution

First Turn Management, LLC has about 71.4% of it's holdings in Healthcare sector.

  • Healthcare
  • Others
Sector%
Healthcare71.4
Others28.6

Market Cap. Distribution

First Turn Management, LLC has about 32.1% of it's portfolio invested in the large-cap and mega-cap stocks.

  • MID-CAP
  • LARGE-CAP
  • UNALLOCATED
  • SMALL-CAP
Category%
MID-CAP37.1
LARGE-CAP32.1
UNALLOCATED28.6
SMALL-CAP2.3

Stocks belong to which Index?

About 51.6% of the stocks held by First Turn Management, LLC either belong to S&P 500 or RUSSELL 2000 index.

  • RUSSELL 2000
  • Others
Index%
RUSSELL 200051.6
Others48.4
Top 5 Winners (%)%
QURE
uniqure nv
180.7 %
RVMD
revolution medicines inc
87.3 %
AXSM
axsome therapeutics inc.
40.5 %
apogee therapeutics inc
36.6 %
KYMR
kymera therapeutics inc
26.4 %
Top 5 Winners ($)$
RVMD
revolution medicines inc
39.8 M
QURE
uniqure nv
18.2 M
apogee therapeutics inc
15.8 M
AXSM
axsome therapeutics inc.
15.4 M
abivax sa
10.5 M
Top 5 Losers (%)%
INSM
insmed inc
-34.1 %
ORIC
oric pharmaceuticals inc
-14.5 %
UTHR
united therapeutics corp del
-7.8 %
CELC
celcuity inc
-6.9 %
VRDN
viridian therapeutics inc
-4.8 %
Top 5 Losers ($)$
INSM
insmed inc
-14.6 M
UTHR
united therapeutics corp del
-4.9 M
ORIC
oric pharmaceuticals inc
-3.7 M
CELC
celcuity inc
-2.6 M
VRDN
viridian therapeutics inc
-1.5 M

First Turn Management, LLC Holdings Map

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

Current Stock Holdings of First Turn Management, LLC

First Turn Management, LLC has 31 stocks in it's portfolio. About 53.6% of the portfolio is in top 10 stocks. INSM proved to be the most loss making stock for the portfolio. RVMD was the most profitable stock for First Turn Management, LLC last quarter.

$934.72MTotal Value
39.00Positions
14 Aug, 2026Last Reported
Current holdings of Current Stock Holdings of First Turn Management, LLC, last reported on 14 Aug, 2026. Select a row with a linked ticker to view its historical trend.
ExpandHoldingsorted ascending% PortfolioShares Held$ Value% Change
ASND
Ascendis Pharma A/S

Ascendis Pharma A/S

ASND
First Turn Management, LLC's holding in Ascendis Pharma A/S over time
0%0.00
$0.00
0%
decreased 100 percentsold off
NAMS
Newamsterdam Pharma Company

Newamsterdam Pharma Company

NAMS
First Turn Management, LLC's holding in Newamsterdam Pharma Company over time
2.11%582,497
$19.74M
2.11%
increased 4.33 percentadded