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Asset Manager ← All Institutions

First Light Asset Management, LLC

Q2 2025 · Filed 2025-08-14
Market Value
$754M
-13.3%
Holdings
43
+3
New Purchases
8
Added To
10
Closed
6
Reduced
19
Top 10 Concentration
61.4%
Turnover
32.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ORGO 3.29% 0.00% +3.29% $25M
PHLT 6.98% 3.98% +3.01% $53M
ADMA 2.30% 0.00% +2.30% $17M
SIBN 4.37% 2.60% +1.77% $33M
CAI 1.49% 0.00% +1.49% $11M
CDTX 1.17% 0.00% +1.17% $9M
KRMD 2.22% 1.30% +0.92% $17M
SLP 0.83% 0.00% +0.83% $6M
ESTA 2.36% 1.58% +0.78% $18M
HCAT 6.11% 5.43% +0.68% $46M
EOLS 0.64% 0.00% +0.64% $5M
ANAB 10.42% 9.90% +0.52% $79M
RDNT 0.52% 0.00% +0.52% $4M
EVH 1.10% 0.64% +0.47% $8M
LNTH 0.33% 0.00% +0.33% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AXGN 6.51% 9.51% -3.00% $49M
EWTX 2.98% 4.68% -1.70% $22M
XENE 0.78% 2.42% -1.64% $6M
JANX 0.46% 2.04% -1.59% $3M
VERA 1.76% 3.25% -1.49% $13M
MDXG 1.56% 3.02% -1.45% $12M
ALHC 0.71% 2.05% -1.33% $5M
TWST 4.61% 5.50% -0.89% $35M
TMDX 0.00% 0.83% -0.83% $0
OSCR 0.00% 0.79% -0.79% $0
FNA 0.00% 0.75% -0.75% $0
CNTA 7.48% 8.05% -0.57% $56M
RGEN 0.72% 1.28% -0.56% $5M
TNDM 0.00% 0.54% -0.54% $0
PODD 0.00% 0.51% -0.51% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 3 $13M 1.7%
Mid Cap 21 $392M 51.9%
Small Cap 14 $222M 29.4%
Micro Cap 5 $128M 16.9%

Portfolio Analytics

Avg Market Cap
$3.4B
Median Market Cap
$2.3B
Avg P/E
103.8
Median P/E
35.8
Avg Dividend Yield
—%
Avg Beta
1.14
# Stocks
43
# ETFs / Funds
0

Top Holdings (43 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ANAB 10.42% 3,539,593 $79M $22.20 -$8M -1,094,009 -23.6%
2 CNTA 7.48% 4,293,411 $56M $13.14 -$14M -580,713 -11.9%
3 PHLT 6.98% 13,170,381 $53M $4.00 $18M +1,477,348 +12.6%
4 NEO 6.63% 6,846,432 $50M $7.31 -$7M +803,610 +13.3%
5 AXGN 6.51% 4,529,243 $49M $10.85 -$34M +55,028 +1.2%
6 HCAT 6.11% 12,230,181 $46M $3.77 -$1M +1,793,374 +17.2%
7 TWST 4.61% 945,033 $35M $36.79 -$13M -273,666 -22.5%
8 ATRC 4.41% 1,015,170 $33M $32.77 -$9M -299,548 -22.8%
9 SIBN 4.37% 1,751,001 $33M $18.82 $10M +138,593 +8.6%
10 IRTC 3.82% 187,355 $29M $153.96 -$5M -137,691 -42.4%
11 CRNX 3.29% 864,136 $25M $28.76 -$4M +8,717 +1.0%
12 ORGO 3.29% 6,777,163 $25M $3.66 +6,777,163 NEW
13 EWTX 2.98% 1,714,019 $22M $13.11 -$18M -138,271 -7.5%
14 RARE 2.64% 547,905 $20M $36.36 -$3M -84,128 -13.3%
15 ESTA 2.36% 417,157 $18M $42.71 $4M +80,287 +23.8%
16 ADMA 2.30% 952,096 $17M $18.21 +952,096 NEW
17 KRMD 2.22% 4,681,626 $17M $3.58 $5M +226,700 +5.1%
18 NPCE 2.04% 1,380,410 $15M $11.14 -$4M -203,638 -12.9%
19 VERA 1.76% 562,981 $13M $23.56 -$15M -612,898 -52.1%
20 MDXG 1.56% 1,927,494 $12M $6.11 -$14M -1,525,580 -44.2%
21 CAI 1.49% 443,043 $11M $25.39 +443,043 NEW
22 BFLY 1.45% 5,465,032 $11M $2.00 -$2M -40,617 -0.7%
23 CDTX 1.17% 180,615 $9M $48.71 +180,615 NEW
24 EVH 1.10% 738,550 $8M $11.26 $3M +153,114 +26.1%
25 MASS 1.01% 1,067,613 $8M $7.13 -$9K -633,482 -37.2%
26 ELDN 0.93% 2,600,498 $7M $2.71 -$847K +271,730 +11.7%
27 GH 0.89% 128,868 $7M $52.04 -$5M -142,247 -52.5%
28 INSM 0.84% 62,901 $6M $100.64 $1M -5,252 -7.7%
29 SLP 0.83% 357,157 $6M $17.45 +357,157 NEW
30 XENE 0.78% 188,367 $6M $31.30 -$15M -439,537 -70.0%
31 RGEN 0.72% 43,949 $5M $124.38 -$6M -43,901 -50.0%
32 ALHC 0.71% 383,663 $5M $14.00 -$12M -572,778 -59.9%
33 EOLS 0.64% 520,631 $5M $9.21 +520,631 NEW
34 RDNT 0.52% 68,694 $4M $56.91 +68,694 NEW
35 JANX 0.46% 149,596 $3M $23.10 -$14M -509,228 -77.3%
36 GPCR 0.34% 122,226 $3M $20.74 $243K -10,154 -7.7%
37 LNTH 0.33% 30,045 $2M $81.86 +30,045 NEW
38 TNDM —% -$5M -245,257 -100.0% SOLD
39 PCVX —% -$4M -94,420 -100.0% SOLD
40 TMDX —% -$7M -107,860 -100.0% SOLD
41 PODD —% -$4M -17,022 -100.0% SOLD
42 FNA —% -$7M -500,000 -100.0% SOLD
43 OSCR —% -$7M -522,302 -100.0% SOLD

New Positions

SymbolValue% Port
ORGO $25M 3.29%
ADMA $17M 2.30%
CAI $11M 1.49%
CDTX $9M 1.17%
SLP $6M 0.83%
EOLS $5M 0.64%
RDNT $4M 0.52%
LNTH $2M 0.33%

Sold Out Positions

SymbolValue% Port
OSCR —%
PCVX —%
TMDX —%
TNDM —%
PODD —%
FNA —%
View SEC EDGAR Filings for First Light Asset Management, LLC →

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