Arkolith/Funds/First Turn Management, LLC

First Turn Management, LLC

CIK 1993440Hedge fund
Holdings as of Jun 30, 2026·disclosed Aug 14, 2026·~45-day 13F lag·13F-HR
Active Filer

First Turn Management, LLC holds a focused book of 31 stocks worth $934.7M as of Q2 2026 (disclosed Aug 14, 2026, a ~45-day 13F lag). This quarter they opened Ascendis Pharma A/s and trimmed Revolution Medicines Inc. Their largest long position is Revolution Medicines Inc at 8% of the equity book.

Opened
10
bought for the first time
Added to
13
already held, bought more
Trimmed
11
sold some, still holds it
Sold out
8
exited the position entirely

Concentration

Top-heavy: focused book

Top 5 holdings
31%
Top 10 holdings
54%
Top 20 holdings
82%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

100% mapped to company sectors

Health Care
100%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Funds with the most overlap

Other tracked managers holding the same core names as First Turn Management, LLC

Manager / fundShared namesTheir $ in those
BlackRock, Inc.42 / 31$23.2B
FMR LLC42 / 31$22.3B
JPMORGAN CHASE & CO42 / 31$8.0B
MORGAN STANLEY42 / 31$4.9B
GOLDMAN SACHS GROUP INC42 / 31$3.7B
UBS Group AG42 / 31$3.4B
BANK OF AMERICA CORP /DE/42 / 31$2.5B
BNP PARIBAS FINANCIAL MARKETS42 / 31$1.1B

Ranked by the share of each fund's own book sitting in the names it shares with First Turn Management, LLC: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

31 positions
#SecurityValueShares% PortLast moveHistory
1Revolution Medicines Inc
COM
$77.8M415.3K
8.3%
−11%
Reduced · −53K sh
2Abivax Sa
SPONSORED ADS
$65.3M489.9K
7.0%
+5.2%
Added · +24K sh
3Axsome Therapeutics Inc.
COM
$53.5M218.4K
5.7%
+16%
Added · +30K sh
4Enliven Therapeutics Inc
COM
$48.4M954.4K
5.2%
+53%
Added · +331K sh
5Bridgebio Pharma Inc
COM
$47.2M633.4K
5.0%
−9.0%
Reduced · −62K sh
6Roivant Sciences Ltd
SHS
$47.1M1.33M
5.0%
+12%
Added · +141K sh
7United Therapeutics Corp Del
COM
$46.0M84.9K
4.9%
−19%
Reduced · −20K sh
8Cytokinetics Inc
COM NEW
$44.9M527.4K
4.8%
+86%
Added · +244K sh
9Xenon Pharmaceuticals Inc
COM
$36.2M600.2K
3.9%
−24%
Reduced · −187K sh
10Celcuity Inc
COM
$34.4M329.1K
3.7%
+56%
Added · +119K sh
11Viridian Therapeutics Inc
COM
$30.7M1.67M
3.3%
+83%
Added · +759K sh
12Insmed Inc
COM PAR $.01
$28.1M263.9K
3.0%
+6.2%
Added · +15K sh
13Uniqure NV
SHS
$28.0M608.9K
3.0%
−1.1%
Reduced · −7K sh
14Ascendis Pharma A/s
ORD SHS
$28.0M104.9K
3.0%
New
New position
15Praxis Precision Medicines I
COM NEW
$28.0M83.5K
3.0%
+97%
Added · +41K sh
16Dianthus Therapeutics Inc
COM
$27.9M285.8K
3.0%
+29%
Added · +65K sh
17Vaxcyte Inc
COM
$25.8M443.8K
2.8%
New
New position
18Mirum Pharmaceuticals Inc
COM
$25.5M218.1K
2.7%
−46%
Reduced · −182K sh
19Palvella Therapeutics Inc Ne
COM
$23.9M156.4K
2.6%
+5.6%
Added · +8K sh
20Cogent Biosciences Inc
COM
$23.3M602.3K
2.5%
−36%
Reduced · −345K sh
21Erasca Inc
COM
$22.4M1.22M
2.4%
+41%
Added · +354K sh
22Oric Pharmaceuticals Inc
COM
$21.8M2.02M
2.3%
Held
23Newamsterdam Pharma Company
ORDINARY SHARES
$19.7M582.5K
2.1%
+4.3%
Added · +24K sh
24Apogee Therapeutics Inc
COM
$18.4M138.8K
2.0%
−73%
Reduced · −375K sh
25Rhythm Pharmaceuticals Inc
COM
$17.1M154.0K
1.8%
New
New position
26Inhibrx Biosciences Inc
COM
$15.6M164.8K
1.7%
New
New position
27Scholar Rock Hldg Corp
COM
$14.9M271.2K
1.6%
−39%
Reduced · −175K sh
28Oruka Therapeutics Inc
COM
$14.8M155.3K
1.6%
New
New position
29Kymera Therapeutics Inc
COM
$11.8M102.5K
1.3%
−60%
Reduced · −152K sh
30Sionna Therapeutics Inc
COM
$4.9M110.5K
0.5%
New
New position
31Nuvalent Inc
COM
$3.2M26.3K
0.3%
−93%
Reduced · −344K sh
Showing all 31 positions
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Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q2 2026Jun 30, 2026Aug 14, 202631$934.7M13F-HR
Q1 2026Mar 31, 2026May 15, 202633$895.1M13F-HR
Q4 2025Dec 31, 2025Feb 13, 202633$875.2M13F-HR
Q3 2025Sep 30, 2025Nov 14, 202529$666.0M13F-HR
Q2 2025Jun 30, 2025Aug 14, 202535$536.0M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.