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
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACADIA PHARMACEUTICALS INC COM 004225108 3,842 137,773 SH   SOLE   137,773 0 0
ACCELERON PHARMA INC COM 00434H108 5,397 177,643 SH   SOLE   177,643 0 0
ACHAOGEN INC COM 004449104 3,358 154,538 SH   SOLE   154,538 0 0
ADAMAS PHARMACEUTICALS INC COM 00548A106 3,236 185,234 SH   SOLE   185,234 0 0
AERIE PHARMACEUTICALS INC COM 00771V108 4,926 93,822 SH   SOLE   93,822 0 0
AGIOS PHARMACEUTICALS INC COM 00847X104 1,904 37,000 SH   SOLE   37,000 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 11,758 96,641 SH   SOLE   96,641 0 0
AMGEN INC COM 031162100 8,629 50,104 SH   SOLE   50,104 0 0
ARRAY BIOPHARMA INC COM 04269X105 2,681 320,744 SH   SOLE   320,744 0 0
BIOGEN INC COM 09062X103 16,577 61,108 SH   SOLE   61,108 0 0
BIOMARIN PHARMACEUTICALS INC COM 09061G101 10,732 118,166 SH   SOLE   118,166 0 0
CALITHERA BIOSCIENCES INC COM 13089P101 3,623 244,000 SH   SOLE   244,000 0 0
CELGENE CORP COM 151020104 23,053 177,522 SH   SOLE   177,522 0 0
CLOVIS ONCOLOGY INC COM 189464100 3,276 35,000 SH   SOLE   35,000 0 0
DERMIRA INC COM 24983L104 3,756 129,000 SH   SOLE   129,000 0 0
ENTELLUS MED INC COM 29363K105 5,655 341,468 SH   SOLE   341,468 0 0
EXELIXIS INC COM 30161Q104 5,096 207,000 SH   SOLE   207,000 0 0
FIVE PRIME THERAPEUTICS INC COM 33830X104 1,235 41,000 SH   SOLE   41,000 0 0
FOAMIX PHARMACEUTICALS LTD SHS M46135105 1,666 358,975 SH   SOLE   358,975 0 0
GILEAD SCIENCES INC COM 375558103 8,619 121,784 SH   SOLE   121,784 0 0
GLOBAL BLOOD THERAPEUTICS INC COM 37890U108 561 20,500 SH   SOLE   20,500 0 0
GW PHARMACEUTICALS PLC ADS 36197T103 922 9,200 SH   SOLE   9,200 0 0
HALOZYME THERAPEUTICS INC COM 40637H109 2,621 204,633 SH   SOLE   204,633 0 0
HORIZON PHARMA PLC SHS G4617B105 2,004 169,000 SH   SOLE   169,000 0 0
ILLUMINA INC COM 452327109 2,367 13,641 SH   SOLE   13,641 0 0
INCYTE CORP COM 45337C102 9,755 77,475 SH   SOLE   77,475 0 0
INTERCEPT PHARMACEUTICALS IN COM 45845P108 1,351 11,155 SH   SOLE   11,155 0 0
IONIS PHARMACEUTICALS INC COM 462222100 2,620 51,500 SH   SOLE   51,500 0 0
IRONWOOD PHARMACEUTICALS INC COM CL A 46333X108 1,113 59,000 SH   SOLE   59,000 0 0
JAZZ PHARMACEUTICALS PLC SHS USD G50871105 4,199 27,000 SH   SOLE   27,000 0 0
KALVISTA PHARMACEUTICALS INC COM 483497103 2,276 322,436 SH   SOLE   322,436 0 0
KITE PHARMA INC COM 49803L109 2,291 22,100 SH   SOLE   22,100 0 0
LIGAND PHARMACEUTICALS INC COM 53220K504 1,093 9,000 SH   SOLE   9,000 0 0
MACROGENICS INC COM 556099109 945 54,000 SH   SOLE   54,000 0 0
MERUS NV COM N5749R100 966 60,946 SH   SOLE   60,946 0 0
MYLAN NV SHS EURO N59465109 5,433 140,000 SH   SOLE   140,000 0 0
NEURODERM LTD ORD SHS M74231107 5,007 168,025 SH   SOLE   168,025 0 0
OMEROS CORP COM 682143102 602 30,239 SH   SOLE   30,239 0 0
PACIRA PHARMACEUTICALS INC COM 695127100 762 16,000 SH   SOLE   16,000 0 0
PARATEK PHARMACEUTICALS INC COM 699374302 1,395 58,000 SH   SOLE   58,000 0 0
PIERIS PHARMACEUTICALS INC COM 720795103 712 141,061 SH   SOLE   141,061 0 0
PORTOLA PHARMACEUTICALS INC COM 737010108 4,269 76,000 SH   SOLE   76,000 0 0
PROTHENA CORP PLC SHS G72800108 2,274 42,000 SH   SOLE   42,000 0 0
RADIUS HEALTH INC COM 750469207 5,194 114,799 SH   SOLE   114,799 0 0
REGENERON PHARMACEUTICALS COM 75886F107 23,639 48,130 SH   SOLE   48,130 0 0
SAGE THERAPEUTICS INC COM 78667J108 1,353 16,996 SH   SOLE   16,996 0 0
SAREPTA THERAPEUTICS INC COM 803607100 2,056 61,000 SH   SOLE   61,000 0 0
SEATTLE GENETICS INC COM 812578102 3,363 65,000 SH   SOLE   65,000 0 0
SHIRE PLC SPONSORED ADR 82481R106 5,404 32,700 SH   SOLE   32,700 0 0
STEMLINE THERAPEUTICS INC COM 85858C107 4,168 453,000 SH   SOLE   453,000 0 0
SUPERNUS PHARMACEUTICALS INC COM 868459108 902 20,953 SH   SOLE   20,953 0 0
SYNERGY PHARMACEUTICALS DEL COM 871639308 3,428 772,000 SH   SOLE   772,000 0 0
TESARO INC COM 881569107 4,685 33,500 SH   SOLE   33,500 0 0
TRANSENTERIX INC COM 89366M201 625 889,082 SH   SOLE   889,082 0 0
TRILLIUM THERAPEUTICS INC COM 89620X506 693 161,069 SH   SOLE   161,069 0 0
UNITED THERAPEUTICS CORP DEL COM 91307C109 2,815 21,700 SH   SOLE   21,700 0 0
VANDA PHARMACEUTICALS INC COM 921659108 1,022 62,905 SH   SOLE   62,905 0 0
VERACYTE INC COM 92337F107 1,414 170,000 SH   SOLE   170,000 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 17,465 135,522 SH   SOLE   135,522 0 0
XENCOR INC COM 98401F105 380 18,000 SH   SOLE   18,000 0 0