Fund HoldingsPFM Health Sciences, LP

Total Portfolio Value
$1.00B
Total Bought
$345.87M
Total Sold
$668.80M
Net Transaction
-$322.93M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
GLAUKOS CORP(GKOS)0201,676+201,676022,7712.27%+22,771
THERMO FISHER SCIENTIFIC INC(TMO)2,31437,915+35,6011,12221,9702.19%+20,848
MEDTRONIC PLC(MDT)0213,796+213,796020,5372.05%+20,537
STRYKER CORPORATION(SYK)050,852+50,852017,8731.78%+17,873
UNITEDHEALTH GROUP INC(UNH)050,539+50,539016,6831.66%+16,683
CENTENE CORP DEL(CNC)(Call)0372,300+372,300015,320+15,320
NEUROCRINE BIOSCIENCES INC(NBIX)57,246163,197+105,9518,03623,1462.31%+15,110
DEXCOM INC(DXCM)0227,357+227,357015,0901.50%+15,090
AMNEAL PHARMACEUTICALS INC(AMRX)355,8181,465,480+1,109,6623,56218,4651.84%+14,903
INHIBRX BIOSCIENCES INC(INBX)239,644265,517+25,8738,07120,9762.09%+12,905
CARDINAL HEALTH INC(CAH)062,341+62,341012,8111.28%+12,811
TELEFLEX INCORPORATED(TFX)0102,395+102,395012,4961.25%+12,496
CENTENE CORP DEL(CNC)574,360725,424+151,06420,49329,8512.98%+9,358
ASCENDIS PHARMA A/S(ASND)145,311177,685+32,37428,88937,8903.78%+9,000
GILEAD SCIENCES INC(GILD)071,018+71,01808,7170.87%+8,717
JAZZ PHARMACEUTICALS PLC(JAZZ)050,511+50,51108,5870.86%+8,587
SANOFI SA(SNY)0176,413+176,41308,5490.85%+8,549
IQVIA HLDGS INC(IQV)037,852+37,85208,5320.85%+8,532
INTEGER HLDGS CORP(ITGR)0106,585+106,58508,3590.83%+8,359
WATERS CORP(WAT)30,75143,208+12,4579,21916,4121.64%+7,192
BILLIONTOONE INC087,547+87,54707,1650.71%+7,165
ALIGN TECHNOLOGY INC042,304+42,30406,6060.66%+6,606
BRIDGEBIO PHARMA INC(BBIO)327,174306,506-20,66816,99323,4452.34%+6,451
PERSONALIS INC(PSNL)0805,817+805,81706,4140.64%+6,414
PRAXIS PRECISION MEDICINES I(PRAX)60,57831,163-29,4153,2119,1850.92%+5,974
ADMA BIOLOGICS INC1,181,0111,270,894+89,88317,31423,1812.31%+5,867
ELANCO ANIMAL HEALTH INC(ELAN)0207,311+207,31104,6910.47%+4,691
BRIGHTSPRING HEALTH SVCS INC(BTSG)0118,525+118,52504,4390.44%+4,439
ABIVAX SA(ABVX)031,878+31,87804,2990.43%+4,299
MADRIGAL PHARMACEUTICALS INC(MDGL)07,258+7,25804,2270.42%+4,227
MOLINA HEALTHCARE INC(MOH)022,802+22,80203,9570.39%+3,957
CELLDEX THERAPEUTICS INC NEW(CLDX)0133,161+133,16103,6170.36%+3,617
MEDLINE INC(MDLN)085,000+85,00003,5700.36%+3,570
BELITE BIO INC(BLTE)019,823+19,82303,1710.32%+3,171
COOPER COS INC(COO)74,363100,802+26,4395,0988,2620.82%+3,163
NEOGENOMICS INC(NEO)2,208,5301,694,051-514,47917,05019,9221.99%+2,872
FORTREA HLDGS INC(FTRE)0165,439+165,43902,8540.28%+2,854
CULLINAN THERAPEUTICS INC(CGEM)0227,003+227,00302,3490.23%+2,349
TARSUS PHARMACEUTICALS INC(TARS)027,338+27,33802,2380.22%+2,238
VIKING THERAPEUTICS INC(VKTX)183,538188,956+5,4184,8236,6470.66%+1,824
MINERALYS THERAPEUTICS INC(MLYS)047,637+47,63701,7290.17%+1,729
STRUCTURE THERAPEUTICS INC115,07368,248-46,8253,2224,7470.47%+1,525
DIANTHUS THERAPEUTICS INC(DNTH)67,84099,576+31,7362,6704,1040.41%+1,434
SYNDAX PHARMACEUTICALS INC(SNDX)256,488242,967-13,5213,9465,1050.51%+1,159
TECTONIC THERAPEUTIC INC042,724+42,72408910.09%+891
CG ONCOLOGY INC(CGON)157,874163,967+6,0936,3596,8080.68%+449
NEUROPACE INC011,329+11,32901750.02%+175
TREACE MED CONCEPTS INC050,000+50,00001230.01%+123
MERCK & CO INC(MRK)236,468187,834-48,63419,84719,7711.97%-75
RHYTHM PHARMACEUTICALS INC(RYTM)48,16240,210-7,9524,8644,3040.43%-560
ASCENDIS PHARMA A/S(ASND)00015,70415,1351.51%-569
INDIVIOR PLC561,526360,695-200,83113,53812,9421.29%-597
WEREWOLF THERAPEUTICS INC401,1100-401,1107900-790
MIND MEDICINE MINDMED INC75,1380-75,1388860-886
HUMANA INC(HUM)3,6480-3,6489490-949
ARGENX SE(ARGX)6,4034,202-2,2014,7233,5340.35%-1,189
DISC MEDICINE INC(IRON)32,53911,002-21,5372,1508740.09%-1,277
HIMS & HERS HEALTH INC(HIMS)22,9150-22,9151,3000-1,300
CENTESSA PHARMACEUTICALS PLC666,196591,601-74,59516,15514,7961.48%-1,359
MBX BIOSCIENCES INC(MBX)221,50579,310-142,1953,8762,5010.25%-1,375
CARIBOU BIOSCIENCES INC1,358,831957,787-401,0443,1661,5230.15%-1,643
LIQUIDIA CORPORATION(LQDA)(Put)76,3000-76,3001,7350-1,735
UNIQURE NV(QURE)46,35339,499-6,8542,7069450.09%-1,760
ICON PLC(ICLR)133,683115,336-18,34723,39521,0172.10%-2,378
BOSTON SCIENTIFIC CORP(BSX)28,6480-28,6482,7970-2,797
ENLIVEN THERAPEUTICS INC156,4630-156,4633,2030-3,203
REVOLUTION MEDICINES INC(RVMD)331,069151,453-179,61615,46112,0631.20%-3,398
REZOLUTE INC452,733206,265-246,4684,2564870.05%-3,769
COMPASS PATHWAYS PLC(CMPS)1,662,836779,618-883,2189,5285,3790.54%-4,149
PENUMBRA INC(PEN)195,085145,171-49,91449,41945,1354.50%-4,284
AMYLYX PHARMACEUTICALS INC(AMLX)436,156134,549-301,6075,9271,6250.16%-4,302
ASTRAZENECA PLC(AZN)61,7950-61,7954,7410-4,741
WEST PHARMACEUTICAL SVSC INC(WST)18,3650-18,3654,8180-4,818
SOLENO THERAPEUTICS INC243,401247,893+4,49216,45411,4771.14%-4,976
VEEVA SYS INC(VEEV)41,50332,489-9,01412,3647,2530.72%-5,112
ARCUTIS BIOTHERAPEUTICS INC(ARQT)360,4600-360,4606,7950-6,795
UNITED THERAPEUTICS CORP DEL(UTHR)95,65067,743-27,90740,09733,0083.29%-7,090
TEVA PHARMACEUTICAL INDS LTD(TEVA)356,8180-356,8187,2080-7,208
OSCAR HEALTH INC(OSCR)820,642499,837-320,80515,5357,1830.72%-8,352
VERONA PHARMA PLC80,4160-80,4168,5810-8,581
EDWARDS LIFESCIENCES CORP381,324246,835-134,48929,65621,0432.10%-8,613
VERA THERAPEUTICS INC(VERA)513,685107,690-405,99514,9285,4530.54%-9,474
IRHYTHM TECHNOLOGIES INC(IRTC)64,9980-64,99811,1790-11,179
REGENERON PHARMACEUTICALS(REGN)19,8900-19,89011,1840-11,184
UNIVERSAL HLTH SVCS INC(UHS)116,26057,409-58,85123,76812,5161.25%-11,252
AKERO THERAPEUTICS INC248,0790-248,07911,7790-11,779
BOSTON SCIENTIFIC CORP(BSX)(Call)122,0000-122,00011,9110-11,911
MERUS N V130,7420-130,74212,3090-12,309
ISHARES TR(Put)56,7000-56,70013,7190-13,719
SPDR S&P 500 ETF TR(SPY)21,2100-21,21014,1300-14,130
TENET HEALTHCARE CORP(THC)461,654397,767-63,88793,73479,0447.88%-14,690
CVS HEALTH CORP(CVS)346,679107,767-238,91226,1368,5520.85%-17,584
AXSOME THERAPEUTICS INC(AXSM)530,332251,562-278,77064,40945,9454.58%-18,464
NATERA INC(NTRA)115,5960-115,59618,6070-18,607
ELEVANCE HEALTH INC FORMERLY(ELV)60,7760-60,77619,6380-19,638
HCA HEALTHCARE INC(HCA)65,77313,865-51,90828,0326,4730.65%-21,559
OUTSET MED INC1,729,921530,796-1,199,12524,4261,9690.20%-22,457
CENCORA INC80,4930-80,49325,1560-25,156
INTUITIVE SURGICAL INC77,40315,410-61,99334,6178,7280.87%-25,889
HUMANA INC(HUM)(Call)110,0000-110,00028,6190-28,619
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