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      <invstOrSec>
        <name>SHOULDER INNOVATIONS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DIANTHUS THERAPEUTICS INC</name>
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          <isin value="US2528281080"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PRAXIS PRECISION MEDICINES INC.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AXSOME THERAPEUTICS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ABBVIE INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FAHEAL THRIVE HOLDINGS LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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        <name>KARDIUM INC/US</name>
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          <other otherDesc="Internal" value="LKD789000"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>GALVANIZE THERAPEUTICS</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>PRIVIA HEALTH GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STRYKER CORP</name>
        <lei>5493002F0SC4JTBU5137</lei>
        <title>STRYKER CORP</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TREVI THERAPEUTICS INC</name>
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        <title>TREVI THERAPEUTICS INC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CRINETICS PHARMACEUTICALS INC</name>
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        <title>CRINETICS PHARMACEUTICALS INC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GALVANIZE THERAPEUTICS</name>
        <lei>N/A</lei>
        <title>GALVANIZE THERAPEUTICS SER C-1 PC PERP PP</title>
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          <other otherDesc="Internal" value="LIK052000"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>IMMUNOCORE HOLDINGS PLC</name>
        <lei>213800IUE3DFS84BVN18</lei>
        <title>IMMUNOCORE HOLDINGS LTD ADR</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KESTRA MEDICAL TECHNOLOGIES INC</name>
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        <title>KESTRA MEDICAL TECHNOLOGIES INC</title>
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        <invCountry>BM</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>SALUDA MEDICAL INC</name>
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        <title>SALUDA MEDICAL INC CDI</title>
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        <name>NEWAMSTERDAM PHARMA COMPANY NV</name>
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        <name>ENDEAVOR BIOMEDICINES INC</name>
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        <title>ENDEAVOR BIOMEDICINES INC SERIES C PC PP</title>
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          <other otherDesc="Internal" value="KHI911000"/>
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        <name>DAMORA THERAPEUTICS INC</name>
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        <name>BRUKER CORP</name>
        <lei>LEBZ6VLQ6I8XB1NHVY15</lei>
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        <name>CYCLERION THERAPEUTICS INC</name>
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        <title>KORSANA BIOSCIENCES PIPE</title>
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        <name>DISC MEDICINE INC</name>
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        <title>DISC MEDICINE INC</title>
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      <invstOrSec>
        <name>ALIGNMENT HEALTHCARE INC</name>
        <lei>N/A</lei>
        <title>ALIGNMENT HEALTHCARE INC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASIMOV INC</name>
        <lei>N/A</lei>
        <title>ASIMOV INC SER B PC PP</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="IAD374000"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMYLYX PHARMACEUTICALS INC</name>
        <lei>N/A</lei>
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          <isin value="US03237H1014"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BIOGEN INC</name>
        <lei>W8J5WZB5IY3K0NDQT671</lei>
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          <isin value="US09062X1037"/>
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        <balance>28000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MERCK and CO INC</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
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        <cusip>58933Y105</cusip>
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          <isin value="US58933Y1055"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MIRUM PHARMACEUTICALS INC</name>
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          <isin value="US6047491013"/>
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        <balance>100000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WUGEN INC</name>
        <lei>N/A</lei>
        <title>WUGEN INC SER B PC PP</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="HHE329000"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>ORUKA THERAPEUTICS INC</name>
        <lei>529900TG7O4ESUDMGI54</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MANUS BIO INC</name>
        <lei>N/A</lei>
        <title>MANUS BIO INC SER ONE-6 PC PP</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="LEH444000"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>SCHOLAR ROCK HOLDING CORP</name>
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        <title>SCHOLAR ROCK HOLDING CORP</title>
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          <isin value="US80706P1030"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LIFESTANCE HEALTH GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>10X GENOMICS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ROCHE HOLDING AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
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        <invCountry>CH</invCountry>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DMED BIOPHARMACEUTICAL CO LTD</name>
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        <title>DMED BIOPHARMACEUTICAL CO LTD SER C PC PP</title>
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        <fairValLevel>3</fairValLevel>
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        <name>MBX BIOSCIENCES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ALUMIS INC</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ARGENX SE</name>
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        <title>ARGENX SE SPONSORED ADR</title>
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        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ROYALTY PHARMA PLC</name>
        <lei>549300FGFN7VOK8BZR03</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>ALEDADE INC</name>
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        <name>PARABILIS MEDICINES INC</name>
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        <name>KINIKSA PHARMACEUTICALS INTERNATIONAL PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KARDIUM INC/US</name>
        <lei>N/A</lei>
        <title>KARDIUM INC US CONV 10% 12/31/2026 PP</title>
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        <name>FAHEAL TUB HOLDINGS LLC</name>
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        <title>FAHEAL TUB HOLDINGS LLC PP</title>
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        <invCountry>DE</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>GUARDANT HEALTH INC</name>
        <lei>254900M8C3E5VC8BR186</lei>
        <title>GUARDANT HEALTH INC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GALVANIZE THERAPEUTICS</name>
        <lei>N/A</lei>
        <title>GALVANIZE THERAPEUTICS SER B PC PERP PP</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="IIF751000"/>
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        <curCd>USD</curCd>
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        <fairValLevel>3</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>TYRA BIOSCIENCES INC</name>
        <lei>N/A</lei>
        <title>TYRA BIOSCIENCES INC</title>
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          <isin value="US90240B1061"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KARDIUM INC/US</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="LKD791000"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IMMUNOME INC</name>
        <lei>N/A</lei>
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          <isin value="US45257U1088"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ELEVANCE HEALTH INC</name>
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          <isin value="US0367521038"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MEDICAL MICROINSTRUMENTS INC</name>
        <lei>N/A</lei>
        <title>MEDICAL MICROINSTRUMENTS INC SER C PC PP</title>
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          <other otherDesc="Internal" value="KEQ954000"/>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENLIVEN THERAPEUTICS INC</name>
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          <isin value="US29337E1029"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WAYSTAR HOLDING CORP</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RELAY THERAPEUTICS INC</name>
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        <title>RELAY THERAPEUTICS INC</title>
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          <isin value="US75943R1023"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>VERACYTE INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>REVOLUTION MEDICINES INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ELEMENT BIOSCIENCES INC</name>
        <lei>N/A</lei>
        <title>ELEMENT BIOSCIENCES INC SER C PC PP</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="HHB001000"/>
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        <fairValLevel>3</fairValLevel>
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        <name>PERCEPTIVE CAPITAL SOLUTIONS CORP</name>
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        <title>FREENOME HOLDINGS INC PIPE</title>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>ELEMENT BIOSCIENCES INC</name>
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        <name>VAXCYTE INC</name>
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        <name>MODERNA INC</name>
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        <name>VIATRIS INC</name>
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        <name>SPYRE THERAPEUTICS INC</name>
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        <name>OUTSET MEDICAL INC</name>
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        <name>BOSTON SCIENTIFIC CORP</name>
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        <name>ELI LILLY and CO</name>
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        <title>ELI LILLY and CO</title>
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        <name>ALEDADE INC</name>
        <lei>N/A</lei>
        <title>ALEDADE INC SER E1 PC PP</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="JBH316000"/>
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        <fairValLevel>3</fairValLevel>
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        <name>MINERALYS THERAPEUTICS INC</name>
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        <title>MINERALYS THERAPEUTICS INC</title>
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      <invstOrSec>
        <name>STRUCTURE THERAPEUTICS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SUMMIT THERAPEUTICS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ROIVANT SCIENCES LTD</name>
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        <name>WEST PHARMACEUTICAL SVCS INC</name>
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        <name>Fidelity Revere Street Trust</name>
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        <name>ELEMENT BIOSCIENCES INC</name>
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        <name>ACUMEN PHARMACEUTICALS INC</name>
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        <name>NATERA INC</name>
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        <name>CYTOMX THERAPEUTICS INC</name>
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        <name>CANDID THERAPEUTICS</name>
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        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ZENAS BIOPHARMA INC</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VERADERMICS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MEDLINE INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STOKE THERAPEUTICS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UCB SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BEONE MEDICINES LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ZENAS BIOPHARMA INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CVS HEALTH CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Fidelity Revere Street Trust</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KYMERA THERAPEUTICS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>COGENT BIOSCIENCES INC</name>
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        <name>CG ONCOLOGY INC</name>
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        <name>BIO TECHNE CORP</name>
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        <name>BRIGHTSPRING HEALTH SERVICES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CYCLERION THERAPEUTICS INC</name>
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        <title>CYCLERION THERAPEUTICS INC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4634.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OCULAR THERAPEUTIX INC</name>
        <lei>529900ABAWFXOHSIHG03</lei>
        <title>OCULAR THERAPEUTIX INC</title>
        <cusip>67576A100</cusip>
        <identifiers>
          <isin value="US67576A1007"/>
        </identifiers>
        <balance>277371.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2598966.27000000</valUSD>
        <pctVal>0.090022868581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INSMED INC</name>
        <lei>529900Q55QAG41CCAC11</lei>
        <title>INSMED INC</title>
        <cusip>457669307</cusip>
        <identifiers>
          <isin value="US4576693075"/>
        </identifiers>
        <balance>318000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43352940.00000000</valUSD>
        <pctVal>1.501657049293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HEARTFLOW INC</name>
        <lei>N/A</lei>
        <title>HEARTFLOW INC</title>
        <cusip>42238D107</cusip>
        <identifiers>
          <isin value="US42238D1072"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14880000.00000000</valUSD>
        <pctVal>0.515412723877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MEDICAL MICROINSTRUMENTS INC</name>
        <lei>N/A</lei>
        <title>MEDICAL MICROINSTRUMENTS INC WT 02/16/2031 PP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="KEQ955000"/>
        </identifiers>
        <balance>9982.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>108703.98000000</valUSD>
        <pctVal>0.003765283227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GILEAD SCIENCES INC</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>GILEAD SCIENCES INC</title>
        <cusip>375558103</cusip>
        <identifiers>
          <isin value="US3755581036"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65420000.00000000</valUSD>
        <pctVal>2.266014811563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITEDHEALTH GROUP INC</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC</title>
        <cusip>91324P102</cusip>
        <identifiers>
          <isin value="US91324P1021"/>
        </identifiers>
        <balance>235000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>87062800.00000000</valUSD>
        <pctVal>3.015677076370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIKING THERAPEUTICS INC</name>
        <lei>529900IVC72YPFA25M37</lei>
        <title>VIKING THERAPEUTICS INC</title>
        <cusip>92686J106</cusip>
        <identifiers>
          <isin value="US92686J1060"/>
        </identifiers>
        <balance>280000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8730400.00000000</valUSD>
        <pctVal>0.302403175036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="5917932.82000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APOGEE THERAPEUTICS INC</name>
        <lei>N/A</lei>
        <title>APOGEE THERAPEUTICS INC</title>
        <cusip>03770N101</cusip>
        <identifiers>
          <isin value="US03770N1019"/>
        </identifiers>
        <balance>55316.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4585143.24000000</valUSD>
        <pctVal>0.158819970880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KARDIUM INC/US</name>
        <lei>N/A</lei>
        <title>KARDIUM SRE D-7 PC PP (REDOMICILE CLOSING AUGUST 2025)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="LKD793000"/>
        </identifiers>
        <balance>9890038.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5340620.52000000</valUSD>
        <pctVal>0.184988156546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REPLIGEN CORP</name>
        <lei>54930006QJ0T5AUO1E71</lei>
        <title>REPLIGEN</title>
        <cusip>759916109</cusip>
        <identifiers>
          <isin value="US7599161095"/>
        </identifiers>
        <balance>215000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25436650.00000000</valUSD>
        <pctVal>0.881073458522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENCORA INC</name>
        <lei>AI8GXW8LG5WK7E9UD086</lei>
        <title>CENCORA INC</title>
        <cusip>03073E105</cusip>
        <identifiers>
          <isin value="US03073E1055"/>
        </identifiers>
        <balance>143500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>44199435.00000000</valUSD>
        <pctVal>1.530977902364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INSULET CORP</name>
        <lei>549300TZTYD2PYN92D43</lei>
        <title>INSULET CORP</title>
        <cusip>45784P101</cusip>
        <identifiers>
          <isin value="US45784P1012"/>
        </identifiers>
        <balance>98000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16869720.00000000</valUSD>
        <pctVal>0.584332549479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOHNSON and JOHNSON</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>JOHNSON and JOHNSON</title>
        <cusip>478160104</cusip>
        <identifiers>
          <isin value="US4781601046"/>
        </identifiers>
        <balance>712000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>163653200.00000000</valUSD>
        <pctVal>5.668611665540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELEVATEBIO, LLC</name>
        <lei>N/A</lei>
        <title>ELEVATEBIO LLC SER C PC PP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="HCJ459000"/>
        </identifiers>
        <balance>163300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>300472.00000000</valUSD>
        <pctVal>0.010407734675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAZZ PHARMACEUTICALS PLC</name>
        <lei>635400GAUMJCLEZRRV50</lei>
        <title>JAZZ PHARMA PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00B4Q5ZN47"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20302000.00000000</valUSD>
        <pctVal>0.703219698935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NUVALENT INC</name>
        <lei>N/A</lei>
        <title>NUVALENT INC-A</title>
        <cusip>670703107</cusip>
        <identifiers>
          <isin value="US6707031075"/>
        </identifiers>
        <balance>360000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36100800.00000000</valUSD>
        <pctVal>1.250457772994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONTINEUM THERAPEUTICS INC</name>
        <lei>N/A</lei>
        <title>CONTINEUM THERAPEUTICS INC CL A</title>
        <cusip>21217B100</cusip>
        <identifiers>
          <isin value="US21217B1008"/>
        </identifiers>
        <balance>280000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3589600.00000000</valUSD>
        <pctVal>0.124336392045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2906793.98000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="As of March 2025, monthly returns presented in Item B.5.a. have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Stacie M. Smith</ncom:nameOfApplicant>
      <ncom:signature>Stacie M. Smith</ncom:signature>
      <ncom:signerName>Stacie M. Smith</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
