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PFM Health Sciences, LP

Q1 2026 · Filed 2026-05-15
Market Value
$854M
-2.9%
Holdings
89
New Purchases
18
Added To
33
Closed
18
Reduced
18
Top 10 Concentration
44.1%
Turnover
40.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
JAZZ 3.94% 0.98% +2.97% $34M
INDV 2.05% 0.00% +2.05% $18M
ABT 1.69% 0.00% +1.69% $14M
MDGL 2.09% 0.48% +1.61% $18M
ACHC 1.60% 0.00% +1.60% $14M
NTRA 1.40% 0.00% +1.40% $12M
HSIC 1.32% 0.00% +1.32% $11M
MMSI 1.31% 0.00% +1.31% $11M
DNTH 1.69% 0.47% +1.22% $14M
TERN 1.07% 0.00% +1.07% $9M
ORKA 1.00% 0.00% +1.00% $9M
TNGX 0.99% 0.00% +0.99% $8M
RYTM 1.39% 0.49% +0.90% $12M
NVO 0.85% 0.00% +0.85% $7M
CLDX 1.21% 0.41% +0.80% $10M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ADMA 0.00% 2.63% -2.63% $0
CNC 1.01% 3.39% -2.38% $9M
MDT 0.00% 2.33% -2.33% $0
MRK 0.00% 2.25% -2.25% $0
ICLR 0.74% 2.39% -1.64% $6M
TMO 0.85% 2.50% -1.64% $7M
UHS 0.00% 1.42% -1.42% $0
TFX 0.00% 1.42% -1.42% $0
LLY 7.08% 8.34% -1.26% $60M
SYK 0.84% 2.03% -1.19% $7M
ISRG 0.00% 0.99% -0.99% $0
GILD 0.00% 0.99% -0.99% $0
UTHR 2.76% 3.75% -0.99% $24M
CVS 0.00% 0.97% -0.97% $0
SNY 0.00% 0.97% -0.97% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 3 $76M 8.9%
Large Cap 37 $456M 53.3%
Mid Cap 30 $264M 30.9%
Small Cap 15 $41M 4.8%
Micro Cap 4 $17M 2.0%

Portfolio Analytics

Avg Market Cap
$42.7B
Median Market Cap
$8.0B
Avg P/E
35.5
Median P/E
27.4
Avg Dividend Yield
0.00%
Avg Beta
0.89
# Stocks
89
# ETFs / Funds
0

Top Holdings (89 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 THC 8.80% 398,567 $75M $188.71 -$4M +800 +0.2%
2 LLY 7.08% 65,762 $60M $919.77 -$13M -2,527 -3.7%
3 PEN 5.37% 139,779 $46M $328.37 $764K -5,392 -3.7%
4 AXSM 5.23% 264,304 $45M $169.02 -$1M +12,742 +5.1%
5 JAZZ 3.94% 178,144 $34M $189.05 $25M +127,633 +252.7%
6 NBIX 3.33% 215,678 $28M $131.74 $5M +52,481 +32.2%
7 UTHR 2.76% 39,805 $24M $592.98 -$9M -27,938 -41.2%
8 GKOS 2.72% 215,685 $23M $107.66 $449K +14,009 +7.0%
9 CNTA 2.46% 528,224 $21M $39.72 $6M -63,377 -10.7%
10 EW 2.39% 254,510 $20M $80.08 -$662K +7,675 +3.1%
11 BBIO 2.24% 257,747 $19M $74.26 -$4M -48,759 -15.9%
12 MDGL 2.09% 34,146 $18M $523.47 $14M +26,888 +370.5%
13 INDV 2.05% 574,666 $18M $30.48 +574,666 NEW
14 UNH 1.84% 58,038 $16M $270.59 -$979K +7,499 +14.8%
15 DNTH 1.69% 172,137 $14M $83.92 $10M +72,561 +72.9%
16 ABT 1.69% 140,432 $14M $102.67 +140,432 NEW
17 RVMD 1.60% 140,770 $14M $97.25 $2M -10,683 -7.0%
18 ACHC 1.60% 582,745 $14M $23.39 +582,745 NEW
19 NEO 1.55% 1,784,552 $13M $7.42 -$7M +90,501 +5.3%
20 0I3I.L 1.42% 169,829 $12M $71.50 $4M +69,027 +68.5%
21 NTRA 1.40% 60,004 $12M $199.99 +60,004 NEW
22 ITGR 1.39% 135,081 $12M $88.00 $4M +28,496 +26.7%
23 RYTM 1.39% 136,621 $12M $86.97 $8M +96,411 +239.8%
24 WAT 1.39% 39,763 $12M $297.80 -$5M -3,445 -8.0%
25 AMRX 1.35% 930,096 $12M $12.43 -$7M -535,384 -36.5%
26 HSIC 1.32% 153,114 $11M $73.70 +153,114 NEW
27 CGON 1.31% 165,925 $11M $67.68 $4M +1,958 +1.2%
28 MMSI 1.31% 162,469 $11M $68.93 +162,469 NEW
29 CLDX 1.21% 324,957 $10M $31.72 $7M +191,796 +144.0%
30 BLTE 1.11% 59,432 $9M $159.44 $6M +39,609 +199.8%
31 DXCM 1.10% 149,734 $9M $62.80 -$6M -77,623 -34.1%
32 TERN 1.07% 172,962 $9M $52.72 +172,962 NEW
33 CNC 1.01% 263,486 $9M $32.74 -$21M -461,938 -63.7%
34 VKTX 1.00% 263,106 $9M $32.54 $2M +74,150 +39.2%
35 ORKA 1.00% 174,052 $9M $49.05 +174,052 NEW
36 TNGX 0.99% 406,245 $8M $20.92 +406,245 NEW
37 BTSG 0.93% 187,335 $8M $42.61 $4M +68,810 +58.1%
38 CMPS 0.88% 1,367,099 $8M $5.53 $2M +587,481 +75.3%
39 TMO 0.85% 14,832 $7M $491.53 -$15M -23,083 -60.9%
40 NVO 0.85% 197,181 $7M $36.75 +197,181 NEW
41 SYK 0.84% 21,957 $7M $328.59 -$11M -28,895 -56.8%
42 VERA 0.82% 174,867 $7M $40.23 $2M +67,177 +62.4%
43 BLLN 0.81% 88,069 $7M $78.94 -$213K +522 +0.6%
44 CAH 0.79% 31,941 $7M $211.31 -$6M -30,400 -48.8%
45 ICLR 0.74% 57,500 $6M $110.66 -$15M -57,836 -50.1%
46 ALHC 0.74% 359,826 $6M $17.62 +359,826 NEW
47 HCA 0.74% 13,351 $6M $473.24 -$155K -514 -3.7%
48 GPCR 0.71% 126,383 $6M $48.20 $1M +58,135 +85.2%
49 ROIV 0.67% 207,446 $6M $27.70 +207,446 NEW
50 OSCR 0.67% 499,837 $6M $11.47 -$1M
51 SNDX 0.67% 245,021 $6M $23.36 $619K +2,054 +0.8%
52 TARS 0.66% 80,226 $6M $70.15 $3M +52,888 +193.5%
53 PSNL 0.65% 870,097 $6M $6.37 -$872K +64,280 +8.0%
54 KOD 0.51% 114,719 $4M $38.12 +114,719 NEW
55 ARWR 0.47% 64,279 $4M $62.70 +64,279 NEW
56 DFTX 0.45% 205,317 $4M $18.90 +205,317 NEW
57 MLYS 0.45% 142,677 $4M $27.09 $2M +95,040 +199.5%
58 MDLN 0.45% 86,777 $4M $44.50 $292K +1,777 +2.1%
59 CAPR 0.44% 123,831 $4M $30.40 +123,831 NEW
60 ILMN 0.42% 28,869 $4M $123.26 +28,869 NEW
61 ARGX 0.39% 4,535 $3M $730.25 -$222K +333 +7.9%
62 CGEM 0.38% 227,406 $3M $14.21 $882K +403 +0.2%
63 ABVX 0.35% 26,664 $3M $111.35 -$1M -5,214 -16.4%
64 OM 0.27% 594,630 $2M $3.84 $314K +63,834 +12.0%
65 MBX 0.25% 71,894 $2M $29.85 -$355K -7,416 -9.3%
66 AMLX 0.24% 145,275 $2M $13.90 $394K +10,726 +8.0%
67 CRBU 0.21% 957,787 $2M $1.90 $297K
68 GMED 0.17% 16,923 $1M $86.16 +16,923 NEW
69 TECX 0.17% 46,129 $1M $30.91 $535K +3,405 +8.0%
70 QURE 0.08% 42,635 $697K $16.35 -$248K +3,136 +7.9%
71 RZLT 0.05% 128,726 $393K $3.05 -$94K -77,539 -37.6%
72 SNY —% -$9M -176,413 -100.0% SOLD
73 UHS —% -$13M -57,409 -100.0% SOLD
74 MRK —% -$20M -187,834 -100.0% SOLD
75 IQV —% -$9M -37,852 -100.0% SOLD
76 MDT —% -$21M -213,796 -100.0% SOLD
77 CVS —% -$9M -107,767 -100.0% SOLD
78 NPCE —% -$175K -11,329 -100.0% SOLD
79 ISRG —% -$9M -15,410 -100.0% SOLD
80 ELAN —% -$5M -207,311 -100.0% SOLD
81 IRON —% -$874K -11,002 -100.0% SOLD
82 GILD —% -$9M -71,018 -100.0% SOLD
83 ALGN —% -$7M -42,304 -100.0% SOLD
84 ADMA —% -$23M -1,270,894 -100.0% SOLD
85 TMCI —% -$122K -50,000 -100.0% SOLD
86 VEEV —% -$7M -32,489 -100.0% SOLD
87 FTRE —% -$3M -165,439 -100.0% SOLD
88 MOH —% -$4M -22,802 -100.0% SOLD
89 TFX —% -$12M -102,395 -100.0% SOLD

Options Breakdown

3 Calls $54M Call Value 3 Puts $88M Put Value 1.63 P/C Ratio

Top Calls

SymbolSharesValueStatus
XLV 238,900 $35M NEW
UTHR 31,700 $19M NEW
CNC $0 SOLD

Top Puts

SymbolSharesValueStatus
XBI 455,300 $58M NEW
UTHR 45,900 $27M NEW
HCA 4,600 $2M NEW

New Positions

SymbolValue% Port
INDV $18M 2.05%
ABT $14M 1.69%
ACHC $14M 1.60%
NTRA $12M 1.40%
HSIC $11M 1.32%
MMSI $11M 1.31%
TERN $9M 1.07%
ORKA $9M 1.00%
TNGX $8M 0.99%
NVO $7M 0.85%
ALHC $6M 0.74%
ROIV $6M 0.67%
KOD $4M 0.51%
ARWR $4M 0.47%
DFTX $4M 0.45%

Sold Out Positions

SymbolValue% Port
CVS —%
VEEV —%
IQV —%
MOH —%
MRK —%
ELAN —%
UHS —%
MDT —%
TFX —%
ADMA —%
GILD —%
IRON —%
FTRE —%
ISRG —%
ALGN —%
View SEC EDGAR Filings for PFM Health Sciences, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms