The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number:3235-0006
Expires:Oct 31, 2018
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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AMN HEALTHCARE SERVICES INCCOM0017441011237,855SH SOLE 7,85500
AASTROM BIOSCIENCES INCCOM PAR$00253U4043,1351,100,000SH SOLE 1,100,00000
ABIOMED INCCOM00365410062125,000SH SOLE 25,00000
ACADIA PHARMACEUTICALS INCCOM00422510827,1841,097,914SH SOLE 1,097,91400
ACASTI PHARMA INCCL A SHS00430K1051,9822,573,645SH SOLE 2,573,64500
ACCELERON PHARMA INCCOM00434H10813,457445,000SH SOLE 445,00000
ACHAOGEN INCCOM00444910453860,000SH SOLE 60,00000
ACELRX PHARMACEUTICALS INCCOM00444T10036,0926,574,060SH SOLE 6,574,06000
ACHILLION PHARMACEUTICALS INCOM00448Q2011,697170,000SH SOLE 170,00000
AEGERION PHARMACEUTICALS INCCOM00767E10212,242366,754SH SOLE 366,75400
AETNA INC NEWCOM00817Y1081061,308SH SOLE 1,30800
ALLERGAN INCCOM0184901028,91050,000SH SOLE 50,00000
ALLIANCE HEALTHCARE SRVCS INCOM PAR $0.01018606301793,500SH SOLE 3,50000
AMICUS THERAPEUTICS INCCOM03152W10973,42012,339,444SH SOLE 12,339,44400
AMSURG CORPCOM03232P4051182,348SH SOLE 2,34800
ANTHERA PHARMACEUTICALS INCCOM NEW03674U201919478,456SH SOLE 478,45600
APPLIED GENETIC TECHNOL CORPCOM03820J1005,527296,978SH SOLE 296,97800
ALLIQUA INCCOM00771V1085,4411,121,951SH SOLE 1,121,95100
AQUINOX PHARMACEUTICALS INCCOM03842B101866130,000SH SOLE 130,00000
ARDELYX INCCOM0396971072,175153,077SH SOLE 153,07700
ARNO THERAPEUTICSCOM0425642032,7462,034,721SH SOLE 2,034,72100
ARROWHEAD RESH CORPCOM NEW04279720918,4261,247,495SH SOLE 1,247,49500
AUSPEX PHARMACEUTICALS INCCOM05211J1022,567100,000SH SOLE 100,00000
AVANIR PHARMACEUTICALS INCCL A NEW05348P4015,483460,000SH SOLE 460,00000
BIODELIVERY SCIENCES INTL INCOM09060J1065,230306,000SH SOLE 306,00000
BIOTA PHARMACEUTIALS INCCOM090694100626253,400SH SOLE 253,40000
CATALYST PHARM PARTNERS INCCOM4888U1012,490750,000SH SOLE 750,00000
CELGENE CORPCOM15102010435,775377,448SH SOLE 377,44800
CELLULAR DYNAMICS INTL INCCOM15117V1091164SH SOLE 16400
CENTENE CORP DELCOM15135B1011111,336SH SOLE 1,33600
CHAMPIONS ONCOLOGYCOM15870P1091,2031,625,744SH SOLE 1,625,74400
CHARLES RIV LABS INTL INCCOM1598641071111,860SH SOLE 1,86000
CHIMERIX INCCOM16934W1063,535128,000SH SOLE 128,00000
CHINA BIOLOGIC PRODS INCCOM16938C1061302,400SH SOLE 2,40000
CLOVIS ONCOLOGY INCCOM1894641001,40230,917SH SOLE 30,91700
COMMUNITY HEALTH SYS INC NEWCOM2036681081162,123SH SOLE 2,12300
DERMA SCIENCES INCCOM PAR $.012498275021,798215,809SH SOLE 215,80900
DURECT CORPCOM2666051041,333907,064SH SOLE 907,06400
DYAX CORPCOM26746E10328,6952,835,498SH SOLE 2,835,49800
ENANTA PHARMACEUTICALS INCCOM29251M1061203,040SH SOLE 3,04000
EPIZYME INCCOM29428V1047,696283,890SH SOLE 283,89000
EXACTECH INCCOM30064E1091024,464SH SOLE 4,46400
FIVE PRIME THERAPEUTICS INCCOM33830X1041,760150,000SH SOLE 150,00000
FLAMEL TECHNOLOGIES SASPONSORED ADR3384881098,729610,000SH SOLE 610,00000
GENVEC INCCOM NEW37246C3071,706820,000SH SOLE 820,00000
GENTIVA HEALTH SERVICES INCCOM37247A1021187,052SH SOLE 7,05200
GREATBATCH INCCOM39153L1061042,444SH SOLE 2,44400
HCA HOLDINGS INCCOM40412C10116,241230,306SH SOLE 230,30600
HEALTH INS INNOVATIONS INCCOM CL A42225K1061,591131,025SH SOLE 131,02500
HERON THERAPEUTICS INCCOM4277461027,375885,352SH SOLE 885,35200
HILL ROM HLDGS INCCOM4314751021102,657SH SOLE 2,65700
INSMED INCCOM PAR $.014576693077,830600,000SH SOLE 600,00000
KERYX BIOPHARMACEUTICALSCOM4925151012,750200,000SHPutSOLE 200,00000
LA JOLLA PHARMACEUTICAL COCOM PAR $.0001 25034596042,403250,000SH SOLE 250,00000
LANNET INCCOM5160121016,147134,569SH SOLE 134,56900
LION BIOTECHNOLOGIESCOM53619R10220,8392,914,549SH SOLE 2,914,54900
LIGAND PHARMACEUTICALS INCCOM NEW53220K5041052,245SH SOLE 2,24500
MGC DIAGNOSTICS CORPCOM5527681032,227327,488SH SOLE 327,48800
MACROGENICS INCCOM5560991094,466213,703SH SOLE 213,70300
MAGELLAN HEALTH INCCOM NEW5590792071202,189SH SOLE 2,18900
MANNKIND CORPCOM56400P2011,182200,000SHPutSOLE 200,00000
MCKESSON CORPCOM58155Q103103527SH SOLE 52700
MEDGENICS INCCOM NEW58436Q20328655,073SH SOLE 55,07300
MERGE HEALTHCARE INCCOM5894991029643,478SH SOLE 43,47800
MYLAN INCCOM6285301072,27550,000SH SOLE 50,00000
NEPTUNE TECHNOLOGIES BIORESOCOM64077P1089,0726,700,444SH SOLE 6,700,44400
NEUROCRINE BIOSCIENCES INCCOM64125C10971,5384,565,267SH SOLE 4,565,26700
NEUROCRINE BIOSCIENCES INCCOM64125C10910,233653,000SHPutSOLE 653,00000
NXSTAGE MEDICAL INCCOM67072V10326320,000SH SOLE 20,00000
ONCOTHYREON INCCOM682324108624325,000SH SOLE 325,00000
OPHTHOTECH CORPCOM68374510320,250520,165SH SOLE 520,16500
OTONOMY INCCOM68906L10520,098837,400SH SOLE 837,40000
OXIGENE INCCOM PAR$.001691828404266123,518SH SOLE 123,51800
PDL BIOPHARMA INCCOM69329Y1047610,183SH SOLE 10,18300
PTC THERAPEUTICS INCCOM69366J20029,563671,736SH SOLE 671,73600
PERNIX THERAPEUTICS INCCOM71426V10819225,000SHCallSOLE 25,00000
PHARMACYCLICS INCCOM7169331064,69740,000SH SOLE 40,00000
PFENEX INCCOM7170711042,944400,000SH SOLE 400,00000
PROVIDENCE SVC CORPCOM7438151021222,532SH SOLE 2,53200
PUMA BIOTECHNOLOGY INCCOM74587V1072,62411,000SH SOLE 11,00000
RECEPTOS INCCOM75620710619,477313,594SH SOLE 313,59400
RELYPSA INCCOM75953110616,085762,705SH SOLE 762,70500
RETROPHIN INCCOM76129910612,4381,379,137SH SOLE 1,379,13700
SAGE THERAPEUTICS INCCOM78667J1086,573208,676SH SOLE 208,67600
SANGAMO BIOSCIENCES INCCOM8006771068,628800,000SH SOLE 800,00000
SAREPTA THERAPEUTICS INCCOM80360710054,7902,596,691SH SOLE 2,596,69100
Sarepta Therapeutics IncCOM80360710026,3751,250,000SHCallSOLE 1,250,00000
SCICLONE PHARMACEUTICALS INCCOM80862K10411016,035SH SOLE 16,03500
SELECT MED HLDGS CORPCOM81619Q1051089,016SH SOLE 9,01600
SMITH & NEPHEW PLCSPDN ADR NEW83175M2051,09112,963SH SOLE 12,96300
SPECTRANETICS CORPCOM84760C1073,677138,371SH SOLE 138,37100
SUNESIS PHARMACEUTICALS INCCOM NEW8673286012,856400,000SHPutSOLE 400,00000
SUNESIS PHARMACEUTICALS INCCOM NEW8673286012,856400,000SHCallSOLE 400,00000
SYMMETRY MED INCCOM87154620611211,148SH SOLE 11,14800
TENET HEALTHCARE CORPCOM NEW88033G4074,00967,500SH SOLE 67,50000
TESARO INCCOM88156910719,067708,284SH SOLE 708,28400
THORATEC CORPCOM NEW8851753073,943147,501SH SOLE 147,50100
THRESHOLD PHARMACEUTICAL INCCOM NEW885807206578160,000SH SOLE 160,00000
TOKAI PHARMACEUTICALS INCCOM88907J1072,725180,000SH SOLE 180,00000
TRANSGENOMIC INCCOM NEW89365K305692183,957SH SOLE 183,95700
TRANSENTERIX INCCOM NEW89366M2015,7201,311,941SH SOLE 1,311,94100
TREVENA INCCOM89532E1094,943770,000SH SOLE 770,00000
TRIPLE-S MGMT CORPCL B8967491081175,880SH SOLE 5,88000
UNIVERSAL HLTH SVCS INCCL B9139031001151,101SH SOLE 1,10100
UROPLASTY INCCOM NEW9172772041,743697,287SH SOLE 697,28700
VANDA PHARMACEUTICALS INCCOM9216591087,266700,000SHPutSOLE 700,00000
VERSARTIS INCCOM92529L1029,253487,262SH SOLE 487,26200
VERTEX PHARMACEUTICALS INCCOM92532F10026,970240,142SH SOLE 240,14200
WALGREEN COCOM9314221092,96450,000SH SOLE 50,00000
WELLPOINT INCCOM94973V107108901SH SOLE 90100
XENCOR INCCOM98401F10517,9001,922,707SH SOLE 1,922,70700
ZAFGEN INCCOM98885E1035,404275,000SH SOLE 275,00000
ZIMMER HLDGS INCCOM98956P10225,389252,500SH SOLE 252,50000
ACTAVIS PLCSHSG0083B1083,61915,000SH SOLE 15,00000
ICON PLCSHSG4705A1001402,440SH SOLE 2,44000
PROTHENA CORP PLCSHSG728001086,648300,000SH SOLE 300,00000
QUOTIENT LTDSHSG732681072,493263,844SH SOLE 263,84400
ALCOBRA LTDSHSM2239P1098,291537,000SHCallSOLE 537,00000
ALCOBRA LTDSHSM2239P1097,519487,000SHPutSOLE 487,00000
GALMED PHARMACEUTICALS LTDSHSM4723810664575,000SH SOLE 75,00000
SYNERON MEDICAL LTDORD SHSM872451021,503150,000SH SOLE 150,00000
TARO PHARMACEUTICAL INDS LTDSHSM8737E10821,684140,935SH SOLE 140,93500
AFFIMED THERAPEUTICS B VCOMN0104510863,006999,989SH SOLE 999,98900
PROQR THRAPEUTICS N VSHS EURON715421091,719100,000SH SOLE 100,00000
PARNELL PHARMACEUT HLDGS LTDSHSQ736221041,208210,000SH SOLE 210,00000