Endurant Capital Management LP Activity Q4 2014-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
BMRN	Buy	BIOMARIN PHARMACEUTICAL INC	$15,888,177	+320.4%	179,568	+311.8%	14.27%	+332.4%
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,009,948	–	13,849	–	6.30%	–
BRKR	Buy	BRUKER CORP	$6,932,495	+515.1%	111,276	+629.9%	6.23%	+532.7%
AZN	Buy	ASTRAZENECA PLCsponsored adr	$6,531,188	+50.1%	96,444	+58.6%	5.87%	+54.4%
ANTM	Buy	ELEVANCE HEALTH INC	$5,878,605	+134.8%	13,501	+139.5%	5.28%	+141.5%
AVTR	New	AVANTOR INC	$4,782,567	–	226,877	–	4.30%	–
MRK	Sell	MERCK & CO INC	$4,569,333	-19.7%	44,384	-10.0%	4.10%	-17.4%
ARGX	Buy	ARGENX SEsponsored adr	$4,477,766	+347.9%	9,108	+255.1%	4.02%	+360.6%
CNMD	New	CONMED CORP	$4,234,086	–	41,984	–	3.80%	–
COO	New	COOPER COS INC	$3,667,609	–	11,533	–	3.29%	–
HUM	New	HUMANA INC	$3,203,248	–	6,584	–	2.88%	–
TXG	New	10X GENOMICS INC	$2,930,565	–	71,044	–	2.63%	–
SBRA	New	SABRA HEALTH CARE REIT INC	$2,840,860	–	203,792	–	2.55%	–
OHI	New	OMEGA HEALTHCARE INVS INC	$2,655,121	–	80,070	–	2.38%	–
BSX	Sell	BOSTON SCIENTIFIC CORP	$2,528,750	-23.3%	47,893	-21.5%	2.27%	-21.1%
KIDS	Buy	ORTHOPEDIATRICS CORP	$2,251,648	+378.1%	70,364	+555.1%	2.02%	+392.0%
ABC	New	CENCORA INC	$2,088,732	–	11,606	–	1.88%	–
SYK	New	STRYKER CORPORATION	$2,062,369	–	7,547	–	1.85%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$1,961,493	–	17,479	–	1.76%	–
	New	QUIDELORTHO CORP	$1,953,601	–	26,747	–	1.76%	–
DXCM	New	DEXCOM INC	$1,930,750	–	20,694	–	1.73%	–
THC	Sell	TENET HEALTHCARE CORP	$1,788,979	-62.1%	27,151	-53.2%	1.61%	-61.0%
ABT	New	ABBOTT LABS	$1,747,174	–	18,040	–	1.57%	–
CI	Sell	THE CIGNA GROUP	$1,740,164	-76.0%	6,083	-76.4%	1.56%	-75.3%
PODD	New	INSULET CORP	$1,415,952	–	8,878	–	1.27%	–
ETNB	Buy	89BIO INC	$1,268,442	+128.6%	82,153	+180.6%	1.14%	+135.3%
HOLX	New	HOLOGIC INC	$1,231,850	–	17,750	–	1.11%	–
OCUL	Sell	OCULAR THERAPEUTIX INC	$1,110,640	-41.6%	353,707	-4.0%	1.00%	-39.9%
BRKS	New	AZENTA INC	$974,790	–	19,422	–	0.88%	–
TARS	New	TARSUS PHARMACEUTICALS INC	$846,723	–	47,649	–	0.76%	–
AHCO	New	ADAPTHEALTH CORP	$818,427	–	89,937	–	0.74%	–
AXSM	New	AXSOME THERAPEUTICS INC	$786,542	–	11,254	–	0.71%	–
IQV	Sell	IQVIA HLDGS INC	$776,376	-82.0%	3,946	-79.4%	0.70%	-81.5%
BLUE	Sell	BLUEBIRD BIO INC	$765,426	-17.3%	251,785	-10.5%	0.69%	-15.0%
OLMA	Buy	OLEMA PHARMACEUTICALS INC	$723,377	+99.4%	58,573	+45.8%	0.65%	+105.0%
	New	VENTYX BIOSCIENCES INC	$641,046	–	18,458	–	0.58%	–
	New	ARCELLX INC	$507,989	–	14,158	–	0.46%	–
GDRX	New	GOODRX HLDGS INC	$491,443	–	87,290	–	0.44%	–
SELB	Sell	SELECTA BIOSCIENCES INC	$480,513	-37.5%	453,314	-33.9%	0.43%	-35.6%
TLT	New	ISHARES TR20 yr tr bd etf	$301,546	–	3,400	–	0.27%	–
NVST	New	ENVISTA HOLDINGS CORPORATION	$300,742	–	10,787	–	0.27%	–
ADAP	Sell	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$243,316	-68.0%	311,944	-62.0%	0.22%	-67.0%
VKTX	Exit	VIKING THERAPEUTICS INC	$0	–	-20,754	–	-0.29%	–
BTAI	Exit	BIOXCEL THERAPEUTICS INCcall	$0	–	-57,100	–	-0.33%	–
MASI	Exit	MASIMO CORP	$0	–	-2,850	–	-0.41%	–
ACHC	Exit	ACADIA HEALTHCARE COMPANY IN	$0	–	-9,153	–	-0.64%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-7,643	–	-1.15%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDcall	$0	–	-175,000	–	-1.15%	–
VTR	Exit	VENTAS INC	$0	–	-41,575	–	-1.72%	–
EHC	Exit	ENCOMPASS HEALTH CORP	$0	–	-32,710	–	-1.93%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-27,181	–	-2.09%	–
QGEN	Exit	QIAGEN NV	$0	–	-62,708	–	-2.46%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-31,696	–	-2.62%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-13,360	–	-3.08%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-45,762	–	-4.80%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-32,569	–	-6.86%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INCcall	$0	–	-93,600	–	-7.08%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-6,100	–	-23.70%	–

Q2 2023

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$27,147,318	–	6,100	–	23.70%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INCcall	$8,113,248	–	93,600	–	7.08%	–
LH	New	LABORATORY CORP AMER HLDGS	$7,859,877	–	32,569	–	6.86%	–
CI	New	THE CIGNA GROUP	$7,243,970	–	25,816	–	6.32%	–
MRK	New	MERCK & CO INC	$5,692,419	–	49,332	–	4.97%	–
A	New	AGILENT TECHNOLOGIES INC	$5,502,881	–	45,762	–	4.80%	–
THC	New	TENET HEALTHCARE CORP	$4,722,970	–	58,036	–	4.12%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$4,352,029	–	60,808	–	3.80%	–
IQV	New	IQVIA HLDGS INC	$4,308,616	–	19,169	–	3.76%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$3,779,421	–	43,602	–	3.30%	–
BDX	New	BECTON DICKINSON & CO	$3,527,174	–	13,360	–	3.08%	–
BSX	New	BOSTON SCIENTIFIC CORP	$3,299,003	–	60,991	–	2.88%	–
CAH	New	CARDINAL HEALTH INC	$2,997,491	–	31,696	–	2.62%	–
QGEN	New	QIAGEN NV	$2,823,741	–	62,708	–	2.46%	–
ANTM	New	ELEVANCE HEALTH INC	$2,504,018	–	5,636	–	2.19%	–
MDT	New	MEDTRONIC PLC	$2,394,646	–	27,181	–	2.09%	–
EHC	New	ENCOMPASS HEALTH CORP	$2,214,794	–	32,710	–	1.93%	–
VTR	New	VENTAS INC	$1,965,250	–	41,575	–	1.72%	–
OCUL	New	OCULAR THERAPEUTIX INC	$1,901,140	–	368,438	–	1.66%	–
INSM	New	INSMED INC	$1,676,838	–	79,471	–	1.46%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDcall	$1,317,750	–	175,000	–	1.15%	–
ZTS	New	ZOETIS INCcl a	$1,316,201	–	7,643	–	1.15%	–
BRKR	New	BRUKER CORP	$1,126,984	–	15,246	–	0.98%	–
ARGX	New	ARGENX SEsponsored adr	$999,657	–	2,565	–	0.87%	–
BLUE	New	BLUEBIRD BIO INC	$925,941	–	281,441	–	0.81%	–
SELB	New	SELECTA BIOSCIENCES INC	$768,480	–	686,143	–	0.67%	–
ADAP	New	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$759,460	–	821,038	–	0.66%	–
ACHC	New	ACADIA HEALTHCARE COMPANY IN	$728,945	–	9,153	–	0.64%	–
ETNB	New	89BIO INC	$554,894	–	29,282	–	0.48%	–
KIDS	New	ORTHOPEDIATRICS CORP	$470,993	–	10,741	–	0.41%	–
MASI	New	MASIMO CORP	$468,968	–	2,850	–	0.41%	–
BTAI	New	BIOXCEL THERAPEUTICS INCcall	$380,286	–	57,100	–	0.33%	–
OLMA	New	OLEMA PHARMACEUTICALS INC	$362,862	–	40,184	–	0.32%	–
VKTX	New	VIKING THERAPEUTICS INC	$336,422	–	20,754	–	0.29%	–

Q4 2022

			Value		Shares		↓ Weighting
ATNX	Exit	ATHENEX INC	$0	–	-526,651	–	-0.05%	–
BDSX	Exit	BIODESIX INC	$0	–	-130,136	–	-0.05%	–
MOR	Exit	MORPHOSYS AGsponsored ads	$0	–	-68,290	–	-0.11%	–
CYTK	Exit	CYTOKINETICS INC	$0	–	-9,211	–	-0.14%	–
RLMD	Exit	RELMADA THERAPEUTICS INC	$0	–	-14,145	–	-0.17%	–
MRTX	Exit	MIRATI THERAPEUTICS INC	$0	–	-7,915	–	-0.18%	–
ABOS	Exit	ACUMEN PHARMACEUTICALS INC	$0	–	-55,328	–	-0.18%	–
MRVI	Exit	MARAVAI LIFESCIENCES HLDGS I	$0	–	-22,709	–	-0.19%	–
RETA	Exit	REATA PHARMACEUTICALS INCcl a	$0	–	-24,352	–	-0.20%	–
PCVX	Exit	VAXCYTE INC	$0	–	-52,309	–	-0.41%	–
OMI	Exit	OWENS & MINOR INC NEW	$0	–	-55,914	–	-0.44%	–
OPCH	Exit	OPTION CARE HEALTH INC	$0	–	-43,457	–	-0.45%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$0	–	-179,226	–	-0.47%	–
STRO	Exit	SUTRO BIOPHARMA INC	$0	–	-266,679	–	-0.48%	–
AVTR	Exit	AVANTOR INC	$0	–	-75,948	–	-0.48%	–
VCYT	Exit	VERACYTE INC	$0	–	-108,751	–	-0.59%	–
CANO	Exit	CANO HEALTH INC	$0	–	-210,915	–	-0.60%	–
ADAP	Exit	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$0	–	-1,788,517	–	-0.63%	–
GLPG	Exit	GALAPAGOS NVspon adr	$0	–	-50,822	–	-0.71%	–
INSM	Exit	INSMED INC	$0	–	-107,713	–	-0.76%	–
RCUS	Exit	ARCUS BIOSCIENCES INC	$0	–	-97,327	–	-0.83%	–
MMSI	Exit	MERIT MED SYS INC	$0	–	-51,218	–	-0.94%	–
BIO	Exit	BIO RAD LABS INCcl a	$0	–	-6,984	–	-0.95%	–
ALBO	Exit	ALBIREO PHARMA INC	$0	–	-172,621	–	-1.09%	–
VTR	Exit	VENTAS INC	$0	–	-85,683	–	-1.12%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-70,535	–	-1.18%	–
EHC	Exit	ENCOMPASS HEALTH CORP	$0	–	-82,929	–	-1.22%	–
OCUL	Exit	OCULAR THERAPEUTIX INC	$0	–	-1,064,295	–	-1.44%	–
MCK	Exit	MCKESSON CORP	$0	–	-16,168	–	-1.79%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-101,048	–	-1.80%	–
SELB	Exit	SELECTA BIOSCIENCES INC	$0	–	-3,938,409	–	-2.10%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-44,286	–	-2.14%	–
ANTM	Exit	ELEVANCE HEALTH INC	$0	–	-16,402	–	-2.43%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-34,282	–	-2.49%	–
AZYO	Exit	AZIYO BIOLOGICS INC	$0	–	-1,139,932	–	-2.67%	–
	Exit	INVACARE CORPnote 5.000%11/1	$0	–	-10,097,000	–	-2.75%	–
OHI	Exit	OMEGA HEALTHCARE INVS INC	$0	–	-313,762	–	-3.01%	–
CI	Exit	CIGNA CORP NEW	$0	–	-34,099	–	-3.08%	–
CTLT	Exit	CATALENT INC	$0	–	-140,077	–	-3.30%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-158,721	–	-3.68%	–
ICLR	Exit	ICON PLC	$0	–	-66,437	–	-3.98%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-145,374	–	-4.01%	–
LLY	Exit	LILLY ELI & CO	$0	–	-38,311	–	-4.04%	–
QGEN	Exit	QIAGEN NV	$0	–	-303,928	–	-4.09%	–
BAX	Exit	BAXTER INTL INC	$0	–	-245,093	–	-4.30%	–
TAK	Exit	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$0	–	-1,102,280	–	-4.66%	–
HUM	Exit	HUMANA INC	$0	–	-32,729	–	-5.17%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-97,245	–	-6.49%	–
	Exit	INVACARE CORPnote 5.000%11/1	$0	–	-56,727,000	–	-15.98%	–

Q3 2022

			Value		Shares		↓ Weighting
LH	Buy	LABORATORY CORP AMER HLDGS	$19,917,000	+144.8%	97,245	+180.1%	6.49%	+127.2%
HUM	Buy	HUMANA INC	$15,880,000	+25.2%	32,729	+20.7%	5.17%	+16.2%
TAK	New	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$14,297,000	–	1,102,280	–	4.66%	–
BAX	Buy	BAXTER INTL INC	$13,201,000	+128.7%	245,093	+172.7%	4.30%	+112.3%
QGEN	Sell	QIAGEN NV	$12,546,000	-33.3%	303,928	-23.7%	4.09%	-38.0%
LLY	New	LILLY ELI & CO	$12,388,000	–	38,311	–	4.04%	–
BMRN	Buy	BIOMARIN PHARMACEUTICAL INC	$12,323,000	+472.4%	145,374	+459.7%	4.01%	+431.5%
ICLR	Buy	ICON PLC	$12,210,000	+13.3%	66,437	+33.6%	3.98%	+5.2%
BMY	New	BRISTOL-MYERS SQUIBB CO	$11,283,000	–	158,721	–	3.68%	–
CTLT	New	CATALENT INC	$10,136,000	–	140,077	–	3.30%	–
CI	Sell	CIGNA CORP NEW	$9,461,000	-11.1%	34,099	-15.5%	3.08%	-17.4%
OHI	New	OMEGA HEALTHCARE INVS INC	$9,253,000	–	313,762	–	3.01%	–
AZYO	Buy	AZIYO BIOLOGICS INC	$8,208,000	+2.4%	1,139,932	+0.6%	2.67%	-4.9%
BDX	New	BECTON DICKINSON & CO	$7,639,000	–	34,282	–	2.49%	–
ANTM	New	ELEVANCE HEALTH INC	$7,450,000	–	16,402	–	2.43%	–
ZTS	Buy	ZOETIS INCcl a	$6,567,000	-7.0%	44,286	+7.8%	2.14%	-13.7%
SELB	Sell	SELECTA BIOSCIENCES INC	$6,459,000	+6.9%	3,938,409	-14.6%	2.10%	-0.7%
AZN	New	ASTRAZENECA PLCsponsored adr	$5,541,000	–	101,048	–	1.80%	–
MCK	Buy	MCKESSON CORP	$5,495,000	+5.4%	16,168	+1.2%	1.79%	-2.1%
OCUL	Buy	OCULAR THERAPEUTIX INC	$4,417,000	+44.5%	1,064,295	+40.0%	1.44%	+34.2%
EHC	New	ENCOMPASS HEALTH CORP	$3,751,000	–	82,929	–	1.22%	–
THC	Buy	TENET HEALTHCARE CORP	$3,638,000	+45.9%	70,535	+48.7%	1.18%	+35.4%
VTR	New	VENTAS INC	$3,442,000	–	85,683	–	1.12%	–
ALBO	Buy	ALBIREO PHARMA INC	$3,342,000	+345.0%	172,621	+356.2%	1.09%	+313.7%
BIO	Sell	BIO RAD LABS INCcl a	$2,913,000	-63.3%	6,984	-56.4%	0.95%	-65.9%
MMSI	Buy	MERIT MED SYS INC	$2,894,000	+163.6%	51,218	+153.3%	0.94%	+144.9%
RCUS	Buy	ARCUS BIOSCIENCES INC	$2,546,000	+55.1%	97,327	+50.3%	0.83%	+43.9%
INSM	Sell	INSMED INC	$2,320,000	-17.2%	107,713	-24.2%	0.76%	-23.1%
GLPG	Sell	GALAPAGOS NVspon adr	$2,167,000	-24.5%	50,822	-1.1%	0.71%	-29.8%
ADAP	Sell	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$1,923,000	-38.0%	1,788,517	-1.9%	0.63%	-42.5%
CANO	New	CANO HEALTH INC	$1,829,000	–	210,915	–	0.60%	–
VCYT	New	VERACYTE INC	$1,805,000	–	108,751	–	0.59%	–
AVTR	Sell	AVANTOR INC	$1,489,000	-89.4%	75,948	-83.2%	0.48%	-90.1%
STRO	Sell	SUTRO BIOPHARMA INC	$1,480,000	-20.5%	266,679	-25.4%	0.48%	-26.2%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$1,446,000	-58.2%	179,226	-61.0%	0.47%	-61.2%
OPCH	New	OPTION CARE HEALTH INC	$1,368,000	–	43,457	–	0.45%	–
OMI	New	OWENS & MINOR INC NEW	$1,348,000	–	55,914	–	0.44%	–
PCVX	New	VAXCYTE INC	$1,255,000	–	52,309	–	0.41%	–
RETA	New	REATA PHARMACEUTICALS INCcl a	$612,000	–	24,352	–	0.20%	–
MRVI	Sell	MARAVAI LIFESCIENCES HLDGS I	$580,000	-11.3%	22,709	-1.3%	0.19%	-17.5%
ABOS	New	ACUMEN PHARMACEUTICALS INC	$555,000	–	55,328	–	0.18%	–
MRTX	New	MIRATI THERAPEUTICS INC	$553,000	–	7,915	–	0.18%	–
RLMD	New	RELMADA THERAPEUTICS INC	$524,000	–	14,145	–	0.17%	–
CYTK	Sell	CYTOKINETICS INC	$446,000	-1.5%	9,211	-20.2%	0.14%	-8.8%
MOR	New	MORPHOSYS AGsponsored ads	$344,000	–	68,290	–	0.11%	–
BDSX	Sell	BIODESIX INC	$165,000	-22.9%	130,136	-0.5%	0.05%	-28.0%
ATNX	New	ATHENEX INC	$142,000	–	526,651	–	0.05%	–
IMUX	Exit	IMMUNIC INC	$0	–	-30,591	–	-0.04%	–
PRAX	Exit	PRAXIS PRECISION MEDICINES I	$0	–	-79,097	–	-0.07%	–
ADCT	Exit	ADC THERAPEUTICS SA	$0	–	-58,967	–	-0.16%	–
AXSM	Exit	AXSOME THERAPEUTICS INC	$0	–	-15,246	–	-0.20%	–
HZNP	Exit	HORIZON THERAPEUTICS PUB L	$0	–	-8,454	–	-0.24%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-9,949	–	-0.37%	–
ACHC	Exit	ACADIA HEALTHCARE COMPANY IN	$0	–	-16,189	–	-0.38%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-11,515	–	-0.57%	–
FATE	Exit	FATE THERAPEUTICS INC	$0	–	-71,640	–	-0.62%	–
DXCM	Exit	DEXCOM INC	$0	–	-26,046	–	-0.68%	–
XBI	Exit	SPDR SER TRs&p biotech	$0	–	-31,349	–	-0.82%	–
INCY	Exit	INCYTE CORP	$0	–	-31,211	–	-0.83%	–
GBT	Exit	GLOBAL BLOOD THERAPEUTICS IN	$0	–	-81,007	–	-0.91%	–
NBIX	Exit	NEUROCRINE BIOSCIENCES INC	$0	–	-27,992	–	-0.96%	–
QQQ	Exit	INVESCO QQQ TRput	$0	–	-13,300	–	-1.31%	–
SIBN	Exit	SI-BONE INC	$0	–	-430,159	–	-1.99%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-68,305	–	-2.03%	–
SGEN	Exit	SEAGEN INC	$0	–	-32,871	–	-2.04%	–
HOLX	Exit	HOLOGIC INC	$0	–	-127,656	–	-3.10%	–
XBI	Exit	SPDR SER TRcall	$0	–	-126,000	–	-3.28%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-25,900	–	-3.43%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-418,165	–	-5.47%	–

Q2 2022

			Value		Shares		↓ Weighting
	New	INVACARE CORPnote 5.000%11/1	$50,011,000	–	56,727,000	–	17.54%	–
QGEN	New	QIAGEN NV	$18,796,000	–	398,221	–	6.59%	–
BSX	New	BOSTON SCIENTIFIC CORP	$15,585,000	–	418,165	–	5.47%	–
AVTR	New	AVANTOR INC	$14,021,000	–	450,821	–	4.92%	–
HUM	New	HUMANA INC	$12,688,000	–	27,106	–	4.45%	–
ICLR	New	ICON PLC	$10,774,000	–	49,718	–	3.78%	–
CI	New	CIGNA CORP NEW	$10,639,000	–	40,372	–	3.73%	–
SPY	New	SPDR S&P 500 ETF TRput	$9,771,000	–	25,900	–	3.43%	–
XBI	New	SPDR SER TRcall	$9,358,000	–	126,000	–	3.28%	–
	New	INVACARE CORPnote 5.000%11/1	$9,249,000	–	10,097,000	–	3.24%	–
HOLX	New	HOLOGIC INC	$8,847,000	–	127,656	–	3.10%	–
LH	New	LABORATORY CORP AMER HLDGS	$8,137,000	–	34,718	–	2.86%	–
AZYO	New	AZIYO BIOLOGICS INC	$8,012,000	–	1,133,183	–	2.81%	–
BIO	New	BIO RAD LABS INCcl a	$7,934,000	–	16,028	–	2.78%	–
ZTS	New	ZOETIS INCcl a	$7,065,000	–	41,100	–	2.48%	–
SELB	New	SELECTA BIOSCIENCES INC	$6,041,000	–	4,611,635	–	2.12%	–
SGEN	New	SEAGEN INC	$5,816,000	–	32,871	–	2.04%	–
CNC	New	CENTENE CORP DEL	$5,779,000	–	68,305	–	2.03%	–
BAX	New	BAXTER INTL INC	$5,772,000	–	89,863	–	2.02%	–
SIBN	New	SI-BONE INC	$5,678,000	–	430,159	–	1.99%	–
MCK	New	MCKESSON CORP	$5,214,000	–	15,984	–	1.83%	–
QQQ	New	INVESCO QQQ TRput	$3,728,000	–	13,300	–	1.31%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDsponsored ads	$3,458,000	–	459,829	–	1.21%	–
ADAP	New	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$3,101,000	–	1,824,065	–	1.09%	–
OCUL	New	OCULAR THERAPEUTIX INC	$3,056,000	–	760,228	–	1.07%	–
GLPG	New	GALAPAGOS NVspon adr	$2,869,000	–	51,410	–	1.01%	–
INSM	New	INSMED INC	$2,802,000	–	142,071	–	0.98%	–
NBIX	New	NEUROCRINE BIOSCIENCES INC	$2,729,000	–	27,992	–	0.96%	–
GBT	New	GLOBAL BLOOD THERAPEUTICS IN	$2,588,000	–	81,007	–	0.91%	–
THC	New	TENET HEALTHCARE CORP	$2,494,000	–	47,442	–	0.88%	–
INCY	New	INCYTE CORP	$2,371,000	–	31,211	–	0.83%	–
XBI	New	SPDR SER TRs&p biotech	$2,328,000	–	31,349	–	0.82%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$2,153,000	–	25,975	–	0.76%	–
DXCM	New	DEXCOM INC	$1,941,000	–	26,046	–	0.68%	–
STRO	New	SUTRO BIOPHARMA INC	$1,862,000	–	357,465	–	0.65%	–
FATE	New	FATE THERAPEUTICS INC	$1,775,000	–	71,640	–	0.62%	–
RCUS	New	ARCUS BIOSCIENCES INC	$1,641,000	–	64,756	–	0.58%	–
ABC	New	AMERISOURCEBERGEN CORP	$1,629,000	–	11,515	–	0.57%	–
MMSI	New	MERIT MED SYS INC	$1,098,000	–	20,223	–	0.38%	–
ACHC	New	ACADIA HEALTHCARE COMPANY IN	$1,095,000	–	16,189	–	0.38%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$1,045,000	–	9,949	–	0.37%	–
ALBO	New	ALBIREO PHARMA INC	$751,000	–	37,835	–	0.26%	–
HZNP	New	HORIZON THERAPEUTICS PUB L	$674,000	–	8,454	–	0.24%	–
MRVI	New	MARAVAI LIFESCIENCES HLDGS I	$654,000	–	23,015	–	0.23%	–
AXSM	New	AXSOME THERAPEUTICS INC	$584,000	–	15,246	–	0.20%	–
ADCT	New	ADC THERAPEUTICS SA	$469,000	–	58,967	–	0.16%	–
CYTK	New	CYTOKINETICS INC	$453,000	–	11,538	–	0.16%	–
BDSX	New	BIODESIX INC	$214,000	–	130,753	–	0.08%	–
PRAX	New	PRAXIS PRECISION MEDICINES I	$194,000	–	79,097	–	0.07%	–
IMUX	New	IMMUNIC INC	$106,000	–	30,591	–	0.04%	–

Q4 2021

			Value		Shares		↓ Weighting
IVC	Exit	INVACARE CORP	$0	–	-1,146,068	–	-0.07%	–
CYAD	Exit	CELYAD ONCOLOGY SAadr	$0	–	-145,380	–	-0.14%	–
PDCO	Exit	PATTERSON COS INC	$0	–	-26,799	–	-0.18%	–
XENE	Exit	XENON PHARMACEUTICALS INC	$0	–	-62,743	–	-0.22%	–
ALVR	Exit	ALLOVIR INC	$0	–	-44,430	–	-0.25%	–
BOLT	Exit	BOLT BIOTHERAPEUTICS INC	$0	–	-90,041	–	-0.26%	–
KRYS	Exit	KRYSTAL BIOTECH INC	$0	–	-22,938	–	-0.27%	–
ACRS	Exit	ACLARIS THERAPEUTICS INC	$0	–	-67,300	–	-0.28%	–
MRVI	Exit	MARAVAI LIFESCIENCES HLDGS I	$0	–	-29,838	–	-0.33%	–
IMUX	Exit	IMMUNIC INC	$0	–	-185,448	–	-0.37%	–
AXSM	Exit	AXSOME THERAPEUTICS INC	$0	–	-52,048	–	-0.39%	–
MREO	Exit	MEREO BIOPHARMA GROUP PLCads	$0	–	-746,514	–	-0.41%	–
	Exit	DARIOHEALTH CORP	$0	–	-150,004	–	-0.47%	–
BLU	Exit	BELLUS HEALTH INC NEW	$0	–	-389,833	–	-0.54%	–
RGLS	Exit	REGULUS THERAPEUTICS INC	$0	–	-3,547,208	–	-0.56%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-21,430	–	-0.58%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-54,821	–	-0.60%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-11,077	–	-0.62%	–
PRAX	Exit	PRAXIS PRECISION MEDICINES I	$0	–	-153,599	–	-0.65%	–
IOVA	Exit	IOVANCE BIOTHERAPEUTICS INC	$0	–	-131,098	–	-0.74%	–
PKI	Exit	PERKINELMER INC	$0	–	-19,264	–	-0.76%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-60,620	–	-0.80%	–
PHAS	Exit	PHASEBIO PHARMACEUTICALS INC	$0	–	-1,132,523	–	-0.80%	–
ALBO	Exit	ALBIREO PHARMA INC	$0	–	-117,328	–	-0.83%	–
MTEM	Exit	MOLECULAR TEMPLATES INC	$0	–	-613,630	–	-0.94%	–
SELB	Exit	SELECTA BIOSCIENCES INC	$0	–	-1,021,501	–	-0.97%	–
INSM	Exit	INSMED INC	$0	–	-159,903	–	-1.00%	–
AHCO	Exit	ADAPTHEALTH CORP	$0	–	-194,886	–	-1.03%	–
ADAP	Exit	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$0	–	-917,488	–	-1.08%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-18,829	–	-1.21%	–
OCUL	Exit	OCULAR THERAPEUTIX INC	$0	–	-610,401	–	-1.39%	–
ATR	Exit	APTARGROUP INC	$0	–	-51,191	–	-1.39%	–
	Exit	INVACARE CORPnote 5.000%11/1	$0	–	-7,000,000	–	-1.41%	–
RCM	Exit	R1 RCM INC	$0	–	-282,911	–	-1.42%	–
OMI	Exit	OWENS & MINOR INC NEW	$0	–	-203,784	–	-1.45%	–
MCK	Exit	MCKESSON CORP	$0	–	-32,551	–	-1.48%	–
AVTR	Exit	AVANTOR INC	$0	–	-161,963	–	-1.51%	–
AZYO	Exit	AZIYO BIOLOGICS INC	$0	–	-952,610	–	-1.51%	–
CI	Exit	CIGNA CORP NEW	$0	–	-36,188	–	-1.65%	–
VCYT	Exit	VERACYTE INC	$0	–	-168,211	–	-1.78%	–
SYNH	Exit	SYNEOS HEALTH INCcl a	$0	–	-92,761	–	-1.85%	–
SIBN	Exit	SI-BONE INC	$0	–	-471,214	–	-2.30%	–
THC	Exit	TENET HEALTHCARE CORP	$0	–	-179,288	–	-2.71%	–
ICLR	Exit	ICON PLC	$0	–	-46,720	–	-2.79%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-211,821	–	-2.85%	–
BIO	Exit	BIO RAD LABS INCcl a	$0	–	-18,272	–	-3.10%	–
HOLX	Exit	HOLOGIC INC	$0	–	-200,119	–	-3.36%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-98,077	–	-3.61%	–
HUM	Exit	HUMANA INC	$0	–	-44,022	–	-3.90%	–
ABBV	Exit	ABBVIE INC	$0	–	-180,429	–	-4.43%	–
	Exit	TRILLIUM THERAPEUTICS INCcall	$0	–	-206,800	–	-8.27%	–
	Exit	INVACARE CORPnote 5.000%11/1	$0	–	-56,727,000	–	-11.66%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-25,300	–	-16.81%	–

Q3 2021

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$73,812,000	–	25,300	–	16.81%	–
	New	INVACARE CORPnote 5.000%11/1	$51,196,000	–	56,727,000	–	11.66%	–
	New	TRILLIUM THERAPEUTICS INCcall	$36,314,000	–	206,800	–	8.27%	–
ABBV	Buy	ABBVIE INC	$19,463,000	+102.1%	180,429	+111.0%	4.43%	+67.4%
HUM	Buy	HUMANA INC	$17,131,000	+145.0%	44,022	+178.8%	3.90%	+103.1%
JNJ	Buy	JOHNSON & JOHNSON	$15,839,000	+191.4%	98,077	+197.2%	3.61%	+141.4%
HOLX	Buy	HOLOGIC INC	$14,771,000	+99.7%	200,119	+80.5%	3.36%	+65.6%
BIO	Buy	BIO RAD LABS INCcl a	$13,630,000	+79.0%	18,272	+54.6%	3.10%	+48.3%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$12,533,000	+85.6%	211,821	+109.6%	2.85%	+53.8%
ICLR	Sell	ICON PLC	$12,242,000	-25.4%	46,720	-41.2%	2.79%	-38.2%
THC	Sell	TENET HEALTHCARE CORP	$11,912,000	-18.4%	179,288	-17.7%	2.71%	-32.4%
SIBN	Buy	SI-BONE INC	$10,093,000	+698.5%	471,214	+1073.5%	2.30%	+562.2%
SYNH	Sell	SYNEOS HEALTH INCcl a	$8,115,000	-30.4%	92,761	-28.8%	1.85%	-42.3%
VCYT	Buy	VERACYTE INC	$7,813,000	+39.4%	168,211	+20.0%	1.78%	+15.4%
CI	Sell	CIGNA CORP NEW	$7,243,000	-57.5%	36,188	-49.6%	1.65%	-64.8%
AZYO	Buy	AZIYO BIOLOGICS INC	$6,625,000	-21.0%	952,610	+9.1%	1.51%	-34.6%
AVTR	Buy	AVANTOR INC	$6,624,000	+22.4%	161,963	+6.3%	1.51%	+1.4%
MCK	New	MCKESSON CORP	$6,490,000	–	32,551	–	1.48%	–
OMI	Buy	OWENS & MINOR INC NEW	$6,376,000	+124.8%	203,784	+204.2%	1.45%	+86.4%
RCM	Sell	R1 RCM INC	$6,227,000	-49.0%	282,911	-48.5%	1.42%	-57.7%
	New	INVACARE CORPnote 5.000%11/1	$6,207,000	–	7,000,000	–	1.41%	–
ATR	New	APTARGROUP INC	$6,110,000	–	51,191	–	1.39%	–
OCUL	Buy	OCULAR THERAPEUTIX INC	$6,104,000	-24.6%	610,401	+6.9%	1.39%	-37.5%
LH	Sell	LABORATORY CORP AMER HLDGS	$5,299,000	-69.5%	18,829	-70.1%	1.21%	-74.7%
ADAP	Sell	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$4,743,000	-27.7%	917,488	-40.4%	1.08%	-40.1%
AHCO	New	ADAPTHEALTH CORP	$4,539,000	–	194,886	–	1.03%	–
INSM	Sell	INSMED INC	$4,404,000	-40.6%	159,903	-38.6%	1.00%	-50.7%
SELB	Buy	SELECTA BIOSCIENCES INC	$4,249,000	+9.7%	1,021,501	+10.2%	0.97%	-9.1%
MTEM	Sell	MOLECULAR TEMPLATES INC	$4,117,000	-29.6%	613,630	-18.0%	0.94%	-41.7%
ALBO	Buy	ALBIREO PHARMA INC	$3,661,000	+0.5%	117,328	+13.3%	0.83%	-16.7%
PHAS	Sell	PHASEBIO PHARMACEUTICALS INC	$3,522,000	-55.5%	1,132,523	-46.8%	0.80%	-63.2%
XRAY	Sell	DENTSPLY SIRONA INC	$3,519,000	-46.4%	60,620	-41.6%	0.80%	-55.6%
PKI	New	PERKINELMER INC	$3,338,000	–	19,264	–	0.76%	–
IOVA	Sell	IOVANCE BIOTHERAPEUTICS INC	$3,233,000	-22.5%	131,098	-18.2%	0.74%	-35.8%
PRAX	Sell	PRAXIS PRECISION MEDICINES I	$2,840,000	-22.1%	153,599	-23.0%	0.65%	-35.5%
BDX	New	BECTON DICKINSON & CO	$2,723,000	–	11,077	–	0.62%	–
SNY	New	SANOFIsponsored adr	$2,643,000	–	54,821	–	0.60%	–
ABC	Sell	AMERISOURCEBERGEN CORP	$2,560,000	-46.4%	21,430	-48.6%	0.58%	-55.6%
RGLS	Buy	REGULUS THERAPEUTICS INC	$2,450,000	+15.6%	3,547,208	+36.0%	0.56%	-4.3%
BLU	Sell	BELLUS HEALTH INC NEW	$2,394,000	+89.4%	389,833	-4.1%	0.54%	+57.1%
	Sell	DARIOHEALTH CORP	$2,048,000	-62.9%	150,004	-42.0%	0.47%	-69.3%
MREO	Sell	MEREO BIOPHARMA GROUP PLCads	$1,807,000	-24.7%	746,514	-1.4%	0.41%	-37.6%
AXSM	New	AXSOME THERAPEUTICS INC	$1,716,000	–	52,048	–	0.39%	–
IMUX	Buy	IMMUNIC INC	$1,641,000	-24.4%	185,448	+4.7%	0.37%	-37.4%
MRVI	New	MARAVAI LIFESCIENCES HLDGS I	$1,464,000	–	29,838	–	0.33%	–
ACRS	Sell	ACLARIS THERAPEUTICS INC	$1,211,000	-42.2%	67,300	-43.6%	0.28%	-52.1%
KRYS	New	KRYSTAL BIOTECH INC	$1,198,000	–	22,938	–	0.27%	–
BOLT	New	BOLT BIOTHERAPEUTICS INC	$1,139,000	–	90,041	–	0.26%	–
ALVR	New	ALLOVIR INC	$1,113,000	–	44,430	–	0.25%	–
XENE	New	XENON PHARMACEUTICALS INC	$959,000	–	62,743	–	0.22%	–
PDCO	New	PATTERSON COS INC	$808,000	–	26,799	–	0.18%	–
CYAD	Sell	CELYAD ONCOLOGY SAadr	$596,000	-29.5%	145,380	-9.5%	0.14%	-41.4%
IVC	Sell	INVACARE CORP	$323,000	-97.1%	1,146,068	-16.6%	0.07%	-97.6%
XFOR	Exit	X4 PHARMACEUTICALS INC	$0	–	-70,969	–	-0.13%	–
PRVB	Exit	PROVENTION BIO INC	$0	–	-82,960	–	-0.19%	–
CANO	Exit	CANO HEALTH INC	$0	–	-62,013	–	-0.21%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-7,553	–	-0.42%	–
FBRX	Exit	FORTE BIOSCIENCES INC	$0	–	-53,369	–	-0.49%	–
PNTG	Exit	PENNANT GROUP INC	$0	–	-47,475	–	-0.53%	–
BAX	Exit	BAXTER INTL INC	$0	–	-25,059	–	-0.55%	–
SRPT	Exit	SAREPTA THERAPEUTICS INC	$0	–	-28,625	–	-0.61%	–
TFX	Exit	TELEFLEX INCORPORATED	$0	–	-7,501	–	-0.83%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-5,563	–	-0.85%	–
MDVL	Exit	MEDAVAIL HOLDINGS INC	$0	–	-292,196	–	-0.98%	–
CALT	Exit	CALLIDITAS THERAPEUTICS ABsponsered ads	$0	–	-144,393	–	-1.17%	–
SBTX	Exit	SILVERBACK THERAPEUTICS INC	$0	–	-139,124	–	-1.18%	–
FATE	Exit	FATE THERAPEUTICS INC	$0	–	-51,031	–	-1.22%	–
ANTM	Exit	ANTHEM INC	$0	–	-11,941	–	-1.25%	–
	Exit	INSMED INCnote 0.750% 6/0	$0	–	-5,000,000	–	-1.52%	–
	Exit	TRILLIUM THERAPEUTICS INC	$0	–	-600,788	–	-1.60%	–
EAR	Exit	EARGO INC	$0	–	-193,471	–	-2.12%	–
HAE	Exit	HAEMONETICS CORP MASS	$0	–	-117,904	–	-2.16%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-29,679	–	-4.12%	–
	Exit	INVACARE CORPnote 5.000%11/1	$0	–	-37,566,000	–	-10.07%	–

Q2 2021

			Value		Shares		↓ Weighting
	New	INVACARE CORPnote 5.000%11/1	$36,638,000	–	37,566,000	–	10.07%	–
LH	New	LABORATORY CORP AMER HLDGS	$17,356,000	–	62,919	–	4.77%	–
CI	New	CIGNA CORP NEW	$17,035,000	–	71,856	–	4.68%	–
ICLR	New	ICON PLC	$16,416,000	–	79,415	–	4.51%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$14,972,000	–	29,679	–	4.12%	–
THC	New	TENET HEALTHCARE CORP	$14,597,000	–	217,891	–	4.01%	–
RCM	New	R1 RCM INC	$12,207,000	–	548,876	–	3.36%	–
SYNH	New	SYNEOS HEALTH INCcl a	$11,655,000	–	130,238	–	3.20%	–
IVC	New	INVACARE CORP	$11,095,000	–	1,374,840	–	3.05%	–
ABBV	New	ABBVIE INC	$9,632,000	–	85,514	–	2.65%	–
AZYO	New	AZIYO BIOLOGICS INC	$8,391,000	–	873,159	–	2.31%	–
OCUL	New	OCULAR THERAPEUTIX INC	$8,096,000	–	570,970	–	2.22%	–
PHAS	New	PHASEBIO PHARMACEUTICALS INC	$7,923,000	–	2,129,709	–	2.18%	–
HAE	New	HAEMONETICS CORP MASS	$7,857,000	–	117,904	–	2.16%	–
EAR	New	EARGO INC	$7,721,000	–	193,471	–	2.12%	–
BIO	New	BIO RAD LABS INCcl a	$7,616,000	–	11,820	–	2.09%	–
INSM	New	INSMED INC	$7,409,000	–	260,314	–	2.04%	–
HOLX	New	HOLOGIC INC	$7,395,000	–	110,840	–	2.03%	–
HUM	New	HUMANA INC	$6,991,000	–	15,791	–	1.92%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$6,754,000	–	101,081	–	1.86%	–
XRAY	New	DENTSPLY SIRONA INC	$6,570,000	–	103,860	–	1.81%	–
ADAP	New	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$6,558,000	–	1,539,435	–	1.80%	–
MTEM	New	MOLECULAR TEMPLATES INC	$5,849,000	–	748,013	–	1.61%	–
	New	TRILLIUM THERAPEUTICS INC	$5,828,000	–	600,788	–	1.60%	–
VCYT	New	VERACYTE INC	$5,606,000	–	140,211	–	1.54%	–
	New	INSMED INCnote 0.750% 6/0	$5,539,000	–	5,000,000	–	1.52%	–
	New	DARIOHEALTH CORP	$5,527,000	–	258,774	–	1.52%	–
JNJ	New	JOHNSON & JOHNSON	$5,436,000	–	32,998	–	1.49%	–
AVTR	New	AVANTOR INC	$5,412,000	–	152,395	–	1.49%	–
ABC	New	AMERISOURCEBERGEN CORP	$4,778,000	–	41,729	–	1.31%	–
ANTM	New	ANTHEM INC	$4,559,000	–	11,941	–	1.25%	–
FATE	New	FATE THERAPEUTICS INC	$4,429,000	–	51,031	–	1.22%	–
SBTX	New	SILVERBACK THERAPEUTICS INC	$4,298,000	–	139,124	–	1.18%	–
CALT	New	CALLIDITAS THERAPEUTICS ABsponsered ads	$4,252,000	–	144,393	–	1.17%	–
IOVA	New	IOVANCE BIOTHERAPEUTICS INC	$4,173,000	–	160,362	–	1.15%	–
SELB	New	SELECTA BIOSCIENCES INC	$3,875,000	–	926,935	–	1.06%	–
PRAX	New	PRAXIS PRECISION MEDICINES I	$3,648,000	–	199,565	–	1.00%	–
ALBO	New	ALBIREO PHARMA INC	$3,642,000	–	103,512	–	1.00%	–
MDVL	New	MEDAVAIL HOLDINGS INC	$3,579,000	–	292,196	–	0.98%	–
REGN	New	REGENERON PHARMACEUTICALS	$3,107,000	–	5,563	–	0.85%	–
TFX	New	TELEFLEX INCORPORATED	$3,014,000	–	7,501	–	0.83%	–
OMI	New	OWENS & MINOR INC NEW	$2,836,000	–	66,989	–	0.78%	–
MREO	New	MEREO BIOPHARMA GROUP PLCads	$2,399,000	–	756,915	–	0.66%	–
SRPT	New	SAREPTA THERAPEUTICS INC	$2,225,000	–	28,625	–	0.61%	–
IMUX	New	IMMUNIC INC	$2,172,000	–	177,148	–	0.60%	–
RGLS	New	REGULUS THERAPEUTICS INC	$2,120,000	–	2,607,674	–	0.58%	–
ACRS	New	ACLARIS THERAPEUTICS INC	$2,096,000	–	119,378	–	0.58%	–
BAX	New	BAXTER INTL INC	$2,017,000	–	25,059	–	0.55%	–
PNTG	New	PENNANT GROUP INC	$1,942,000	–	47,475	–	0.53%	–
FBRX	New	FORTE BIOSCIENCES INC	$1,794,000	–	53,369	–	0.49%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$1,523,000	–	7,553	–	0.42%	–
BLU	New	BELLUS HEALTH INC NEW	$1,264,000	–	406,537	–	0.35%	–
SIBN	New	SI-BONE INC	$1,264,000	–	40,155	–	0.35%	–
CYAD	New	CELYAD ONCOLOGY SAadr	$845,000	–	160,691	–	0.23%	–
CANO	New	CANO HEALTH INC	$750,000	–	62,013	–	0.21%	–
PRVB	New	PROVENTION BIO INC	$699,000	–	82,960	–	0.19%	–
XFOR	New	X4 PHARMACEUTICALS INC	$461,000	–	70,969	–	0.13%	–

Q4 2020

			Value		Shares		↓ Weighting
CRBP	Exit	CORBUS PHARMACEUTICALS HLDGS	$0	–	-89,886	–	-0.05%	–
ALRN	Exit	AILERON THERAPEUTICS INC	$0	–	-263,439	–	-0.10%	–
ADCT	Exit	ADC THERAPEUTICS SA	$0	–	-12,000	–	-0.12%	–
PNTG	Exit	PENNANT GROUP INC	$0	–	-13,699	–	-0.16%	–
INBX	Exit	INHIBRX INC	$0	–	-35,935	–	-0.19%	–
	Exit	SENSEONICS HLDGS INCnote 5.250% 2/0	$0	–	-1,500,000	–	-0.20%	–
AXGN	Exit	AXOGEN INC	$0	–	-70,209	–	-0.24%	–
BAX	Exit	BAXTER INTL INC	$0	–	-12,575	–	-0.30%	–
CRTX	Exit	CORTEXYME INC	$0	–	-21,827	–	-0.32%	–
SAGE	Exit	SAGE THERAPEUTICS INC	$0	–	-23,588	–	-0.43%	–
ARCT	Exit	ARCTURUS THERAPEUTICS HLDGS	$0	–	-34,485	–	-0.44%	–
ALBO	Exit	ALBIREO PHARMA INC	$0	–	-52,131	–	-0.52%	–
LMNX	Exit	LUMINEX CORP DEL	$0	–	-68,131	–	-0.53%	–
DVA	Exit	DAVITA INC	$0	–	-21,002	–	-0.53%	–
KNSA	Exit	KINIKSA PHARMACEUTICALS LTD	$0	–	-117,480	–	-0.53%	–
FPRX	Exit	FIVE PRIME THERAPEUTICS INC	$0	–	-421,398	–	-0.59%	–
BIO	Exit	BIO RAD LABS INCcl a	$0	–	-3,916	–	-0.60%	–
IMUX	Exit	IMMUNIC INC	$0	–	-110,911	–	-0.61%	–
	Exit	APTOSE BIOSCIENCES INC	$0	–	-345,172	–	-0.61%	–
ALC	Exit	ALCON AG	$0	–	-38,373	–	-0.65%	–
FATE	Exit	FATE THERAPEUTICS INC	$0	–	-56,210	–	-0.66%	–
TBIO	Exit	TRANSLATE BIO INC	$0	–	-176,710	–	-0.71%	–
MGNX	Exit	MACROGENICS INC	$0	–	-97,374	–	-0.72%	–
PRTA	Exit	PROTHENA CORP PLC	$0	–	-262,773	–	-0.78%	–
CALT	Exit	CALLIDITAS THERAPEUTICS ABsponsered ads	$0	–	-111,467	–	-0.79%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-29,041	–	-0.98%	–
PETS	Exit	PETMED EXPRESS INC	$0	–	-105,895	–	-0.99%	–
HAE	Exit	HAEMONETICS CORP	$0	–	-41,607	–	-1.07%	–
VAPO	Exit	VAPOTHERM INC	$0	–	-125,675	–	-1.08%	–
ACRS	Exit	ACLARIS THERAPEUTICS INC	$0	–	-1,432,817	–	-1.09%	–
SELB	Exit	SELECTA BIOSCIENCES INC	$0	–	-1,512,069	–	-1.11%	–
PDCO	Exit	PATTERSON COS INC	$0	–	-163,415	–	-1.16%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-74,408	–	-1.28%	–
MBIO	Exit	MUSTANG BIO INC	$0	–	-1,423,050	–	-1.33%	–
ADAP	Exit	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$0	–	-574,502	–	-1.36%	–
MTEM	Exit	MOLECULAR TEMPLATES INC	$0	–	-422,787	–	-1.36%	–
INSM	Exit	INSMED INC	$0	–	-144,313	–	-1.37%	–
STRO	Exit	SUTRO BIOPHARMA INC	$0	–	-462,170	–	-1.37%	–
ANTM	Exit	ANTHEM INC	$0	–	-17,909	–	-1.42%	–
ESPR	Exit	ESPERION THERAPEUTICS INC NE	$0	–	-135,901	–	-1.49%	–
	Exit	TRILLIUM THERAPEUTICS INC	$0	–	-372,401	–	-1.56%	–
XBI	Exit	SPDR SER TRput	$0	–	-52,000	–	-1.71%	–
KIDS	Exit	ORTHOPEDIATRICS CORP	$0	–	-126,764	–	-1.72%	–
SYNH	Exit	SYNEOS HEALTH INCcl a	$0	–	-112,151	–	-1.76%	–
MCK	Exit	MCKESSON CORP	$0	–	-40,419	–	-1.78%	–
OCUL	Exit	OCULAR THERAPEUTIX INC	$0	–	-837,137	–	-1.88%	–
CNMD	Exit	CONMED CORP	$0	–	-81,205	–	-1.89%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-54,234	–	-2.18%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-46,960	–	-2.30%	–
SIBN	Exit	SI BONE INC	$0	–	-463,150	–	-3.25%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-74,979	–	-3.30%	–
AHCO	Exit	ADAPTHEALTH CORP	$0	–	-518,377	–	-3.34%	–
CI	Exit	CIGNA CORP NEW	$0	–	-67,461	–	-3.38%	–
IWM	Exit	ISHARES TRput	$0	–	-80,500	–	-3.57%	–
IART	Exit	INTEGRA LIFESCIENCES HLDGS C	$0	–	-281,608	–	-3.93%	–
ABBV	Exit	ABBVIE INC	$0	–	-198,921	–	-5.15%	–
EHC	Exit	ENCOMPASS HEALTH CORP	$0	–	-276,105	–	-5.31%	–
OXFD	Exit	OXFORD IMMUNOTEC GLOBAL PLC	$0	–	-1,754,465	–	-6.07%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-390,156	–	-6.96%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-91,300	–	-9.10%	–

Q3 2020

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRput	$30,772,000	+28.6%	91,300	+17.7%	9.10%	+593.6%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$23,523,000	+1008.0%	390,156	+980.5%	6.96%	+5896.6%
OXFD	Buy	OXFORD IMMUNOTEC GLOBAL PLC	$20,527,000	+13.0%	1,754,465	+25.6%	6.07%	+509.4%
EHC	Buy	ENCOMPASS HEALTH CORP	$17,941,000	+105.2%	276,105	+95.5%	5.31%	+1007.7%
ABBV	Buy	ABBVIE INC	$17,423,000	+183.4%	198,921	+217.7%	5.15%	+1428.8%
IART	New	INTEGRA LIFESCIENCES HLDGS C	$13,298,000	–	281,608	–	3.93%	–
IWM	New	ISHARES TRput	$12,058,000	–	80,500	–	3.57%	–
CI	Buy	CIGNA CORP NEW	$11,429,000	+68.6%	67,461	+86.8%	3.38%	+808.6%
AHCO	Buy	ADAPTHEALTH CORP	$11,306,000	+889.2%	518,377	+630.1%	3.34%	+5206.3%
JNJ	Sell	JOHNSON & JOHNSON	$11,163,000	-5.4%	74,979	-10.6%	3.30%	+410.2%
SIBN	Sell	SI BONE INC	$10,986,000	-7.3%	463,150	-37.7%	3.25%	+399.8%
ZTS	Sell	ZOETIS INCcl a	$7,766,000	-22.6%	46,960	-35.8%	2.30%	+317.6%
ZBH	Buy	ZIMMER BIOMET HOLDINGS INC	$7,383,000	+34.4%	54,234	+17.8%	2.18%	+625.2%
CNMD	New	CONMED CORP	$6,388,000	–	81,205	–	1.89%	–
OCUL	Buy	OCULAR THERAPEUTIX INC	$6,371,000	+1.3%	837,137	+10.8%	1.88%	+446.1%
MCK	Buy	MCKESSON CORP	$6,020,000	+146.1%	40,419	+153.5%	1.78%	+1228.4%
SYNH	Buy	SYNEOS HEALTH INCcl a	$5,962,000	+87.5%	112,151	+105.5%	1.76%	+913.2%
KIDS	New	ORTHOPEDIATRICS CORP	$5,821,000	–	126,764	–	1.72%	–
XBI	New	SPDR SER TRput	$5,794,000	–	52,000	–	1.71%	–
	Sell	TRILLIUM THERAPEUTICS INC	$5,292,000	-3.5%	372,401	-45.1%	1.56%	+419.9%
ESPR	Sell	ESPERION THERAPEUTICS INC NE	$5,051,000	-46.3%	135,901	-25.8%	1.49%	+189.5%
ANTM	Sell	ANTHEM INC	$4,810,000	-39.1%	17,909	-40.4%	1.42%	+228.4%
STRO	Buy	SUTRO BIOPHARMA INC	$4,645,000	+283.6%	462,170	+196.3%	1.37%	+1981.8%
INSM	Buy	INSMED INC	$4,638,000	+20.1%	144,313	+2.9%	1.37%	+547.2%
MTEM	Buy	MOLECULAR TEMPLATES INC	$4,617,000	+45.7%	422,787	+84.0%	1.36%	+684.5%
ADAP	Buy	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$4,585,000	-5.2%	574,502	+18.9%	1.36%	+411.7%
MBIO	Buy	MUSTANG BIO INC	$4,483,000	+83.4%	1,423,050	+85.2%	1.33%	+889.6%
CNC	Sell	CENTENE CORP DEL	$4,340,000	-59.8%	74,408	-56.2%	1.28%	+116.7%
PDCO	New	PATTERSON COS INC	$3,939,000	–	163,415	–	1.16%	–
SELB	Sell	SELECTA BIOSCIENCES INC	$3,750,000	-25.8%	1,512,069	-15.0%	1.11%	+300.4%
ACRS	Sell	ACLARIS THERAPEUTICS INC	$3,682,000	+31.5%	1,432,817	-17.1%	1.09%	+607.1%
VAPO	New	VAPOTHERM INC	$3,645,000	–	125,675	–	1.08%	–
HAE	Buy	HAEMONETICS CORP	$3,630,000	+40.0%	41,607	+43.8%	1.07%	+655.6%
PETS	New	PETMED EXPRESS INC	$3,348,000	–	105,895	–	0.99%	–
DGX	New	QUEST DIAGNOSTICS INC	$3,325,000	–	29,041	–	0.98%	–
CALT	Sell	CALLIDITAS THERAPEUTICS ABsponsered ads	$2,675,000	-28.0%	111,467	-30.4%	0.79%	+287.7%
PRTA	Sell	PROTHENA CORP PLC	$2,625,000	-37.9%	262,773	-34.9%	0.78%	+234.5%
MGNX	New	MACROGENICS INC	$2,453,000	–	97,374	–	0.72%	–
TBIO	New	TRANSLATE BIO INC	$2,405,000	–	176,710	–	0.71%	–
FATE	Sell	FATE THERAPEUTICS INC	$2,247,000	+7.6%	56,210	-7.7%	0.66%	+477.4%
ALC	New	ALCON AG	$2,185,000	–	38,373	–	0.65%	–
	New	APTOSE BIOSCIENCES INC	$2,071,000	–	345,172	–	0.61%	–
IMUX	New	IMMUNIC INC	$2,060,000	–	110,911	–	0.61%	–
BIO	Buy	BIO RAD LABS INCcl a	$2,019,000	+27.6%	3,916	+11.7%	0.60%	+586.2%
FPRX	Buy	FIVE PRIME THERAPEUTICS INC	$1,981,000	+36.9%	421,398	+77.7%	0.59%	+641.8%
DVA	New	DAVITA INC	$1,799,000	–	21,002	–	0.53%	–
KNSA	New	KINIKSA PHARMACEUTICALS LTD	$1,800,000	–	117,480	–	0.53%	–
LMNX	New	LUMINEX CORP DEL	$1,788,000	–	68,131	–	0.53%	–
ALBO	New	ALBIREO PHARMA INC	$1,740,000	–	52,131	–	0.52%	–
ARCT	New	ARCTURUS THERAPEUTICS HLDGS	$1,479,000	–	34,485	–	0.44%	–
SAGE	New	SAGE THERAPEUTICS INC	$1,442,000	–	23,588	–	0.43%	–
CRTX	New	CORTEXYME INC	$1,091,000	–	21,827	–	0.32%	–
BAX	Sell	BAXTER INTL INC	$1,011,000	-72.3%	12,575	-70.4%	0.30%	+49.5%
AXGN	New	AXOGEN INC	$817,000	–	70,209	–	0.24%	–
INBX	New	INHIBRX INC	$647,000	–	35,935	–	0.19%	–
PNTG	New	PENNANT GROUP INC	$528,000	–	13,699	–	0.16%	–
ADCT	Buy	ADC THERAPEUTICS SA	$396,000	+92.2%	12,000	+172.1%	0.12%	+963.6%
ALRN	New	AILERON THERAPEUTICS INC	$340,000	–	263,439	–	0.10%	–
CRBP	New	CORBUS PHARMACEUTICALS HLDGS	$162,000	–	89,886	–	0.05%	–
PCVX	Exit	VAXCYTE INC	$0	–	-6,827	–	-0.01%	–
GNCA	Exit	GENOCEA BIOSCIENCES INC	$0	–	-119,979	–	-0.02%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-4,148	–	-0.03%	–
PODD	Exit	INSULET CORP	$0	–	-2,465	–	-0.03%	–
TCRR	Exit	TCR2 THERAPEUTICS INC	$0	–	-38,494	–	-0.03%	–
ZGNX	Exit	ZOGENIX INC	$0	–	-29,575	–	-0.04%	–
PTCT	Exit	PTC THERAPEUTICS INC	$0	–	-19,677	–	-0.06%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-6,080	–	-0.08%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-35,059	–	-0.08%	–
PRNB	Exit	PRINCIPIA BIOPHARMA INC	$0	–	-30,395	–	-0.10%	–
IQV	Exit	IQVIA HLDGS INC	$0	–	-15,773	–	-0.12%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-24,178	–	-0.12%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-106,338	–	-0.20%	–
HRC	Exit	HILL ROM HLDGS INC	$0	–	-35,604	–	-0.21%	–
HOLX	Exit	HOLOGIC INC	$0	–	-81,789	–	-0.26%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-99,869	–	-0.28%	–
HMSY	Exit	HMS HLDGS CORP	$0	–	-161,914	–	-0.29%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-37,915	–	-0.34%	–
ICUI	Exit	ICU MED INC	$0	–	-35,556	–	-0.36%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-75,828	–	-0.38%	–
	Exit	EVOLENT HEALTH INCnote 2.000%12/0	$0	–	-20,156,000	–	-0.97%	–
IWN	Exit	ISHARES TRput	$0	–	-108,600	–	-85.25%	–

Q2 2020

			Value		Shares		↓ Weighting
IWN	New	ISHARES TRput	$1,554,935,000	–	108,600	–	85.25%	–
SPY	New	SPDR S&P 500 ETF TRput	$23,928,000	–	77,600	–	1.31%	–
OXFD	New	OXFORD IMMUNOTEC GLOBAL PLC	$18,158,000	–	1,396,795	–	1.00%	–
	New	EVOLENT HEALTH INCnote 2.000%12/0	$17,649,000	–	20,156,000	–	0.97%	–
SIBN	New	SI BONE INC	$11,849,000	–	743,380	–	0.65%	–
JNJ	New	JOHNSON & JOHNSON	$11,796,000	–	83,879	–	0.65%	–
CNC	New	CENTENE CORP DEL	$10,807,000	–	170,057	–	0.59%	–
ZTS	New	ZOETIS INCcl a	$10,031,000	–	73,200	–	0.55%	–
ESPR	New	ESPERION THERAPEUTICS INC NE	$9,403,000	–	183,249	–	0.52%	–
EHC	New	ENCOMPASS HEALTH CORP	$8,744,000	–	141,195	–	0.48%	–
ANTM	New	ANTHEM INC	$7,897,000	–	30,028	–	0.43%	–
MDT	New	MEDTRONIC PLC	$6,953,000	–	75,828	–	0.38%	–
CI	New	CIGNA CORP NEW	$6,778,000	–	36,122	–	0.37%	–
ICUI	New	ICU MED INC	$6,553,000	–	35,556	–	0.36%	–
LH	New	LABORATORY CORP AMER HLDGS	$6,298,000	–	37,915	–	0.34%	–
OCUL	New	OCULAR THERAPEUTIX INC	$6,292,000	–	755,330	–	0.34%	–
ABBV	New	ABBVIE INC	$6,148,000	–	62,615	–	0.34%	–
	New	TRILLIUM THERAPEUTICS INC	$5,484,000	–	677,823	–	0.30%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$5,495,000	–	46,038	–	0.30%	–
HMSY	New	HMS HLDGS CORP	$5,244,000	–	161,914	–	0.29%	–
SNY	New	SANOFIsponsored adr	$5,098,000	–	99,869	–	0.28%	–
SELB	New	SELECTA BIOSCIENCES INC	$5,053,000	–	1,779,328	–	0.28%	–
ADAP	New	ADAPTIMMUNE THERAPEUTICS PLCsponds adr	$4,836,000	–	483,103	–	0.26%	–
HOLX	New	HOLOGIC INC	$4,662,000	–	81,789	–	0.26%	–
PRTA	New	PROTHENA CORP PLC	$4,224,000	–	403,793	–	0.23%	–
HRC	New	HILL ROM HLDGS INC	$3,909,000	–	35,604	–	0.21%	–
INSM	New	INSMED INC	$3,861,000	–	140,184	–	0.21%	–
BSX	New	BOSTON SCIENTIFIC CORP	$3,734,000	–	106,338	–	0.20%	–
CALT	New	CALLIDITAS THERAPEUTICS ABsponsered ads	$3,717,000	–	160,218	–	0.20%	–
BAX	New	BAXTER INTL INC	$3,654,000	–	42,439	–	0.20%	–
MTEM	New	MOLECULAR TEMPLATES INC	$3,169,000	–	229,817	–	0.17%	–
SYNH	New	SYNEOS HEALTH INCcl a	$3,179,000	–	54,577	–	0.17%	–
ACRS	New	ACLARIS THERAPEUTICS INC	$2,801,000	–	1,728,787	–	0.15%	–
HAE	New	HAEMONETICS CORP	$2,592,000	–	28,937	–	0.14%	–
MCK	New	MCKESSON CORP	$2,446,000	–	15,942	–	0.13%	–
MBIO	New	MUSTANG BIO INC	$2,444,000	–	768,471	–	0.13%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$2,246,000	–	24,178	–	0.12%	–
IQV	New	IQVIA HLDGS INC	$2,238,000	–	15,773	–	0.12%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,123,000	–	36,109	–	0.12%	–
FATE	New	FATE THERAPEUTICS INC	$2,089,000	–	60,892	–	0.12%	–
PRNB	New	PRINCIPIA BIOPHARMA INC	$1,817,000	–	30,395	–	0.10%	–
BIO	New	BIO RAD LABS INCcl a	$1,582,000	–	3,505	–	0.09%	–
XRAY	New	DENTSPLY SIRONA INC	$1,545,000	–	35,059	–	0.08%	–
BDX	New	BECTON DICKINSON & CO	$1,455,000	–	6,080	–	0.08%	–
FPRX	New	FIVE PRIME THERAPEUTICS INC	$1,447,000	–	237,174	–	0.08%	–
	New	SENSEONICS HLDGS INCnote 5.250% 2/0	$1,260,000	–	1,500,000	–	0.07%	–
STRO	New	SUTRO BIOPHARMA INC	$1,211,000	–	156,005	–	0.07%	–
AHCO	New	ADAPTHEALTH CORP	$1,143,000	–	71,000	–	0.06%	–
PTCT	New	PTC THERAPEUTICS INC	$998,000	–	19,677	–	0.06%	–
ZGNX	New	ZOGENIX INC	$799,000	–	29,575	–	0.04%	–
TCRR	New	TCR2 THERAPEUTICS INC	$591,000	–	38,494	–	0.03%	–
ALXN	New	ALEXION PHARMACEUTICALS INC	$466,000	–	4,148	–	0.03%	–
PODD	New	INSULET CORP	$479,000	–	2,465	–	0.03%	–
GNCA	New	GENOCEA BIOSCIENCES INC	$276,000	–	119,979	–	0.02%	–
PCVX	New	VAXCYTE INC	$216,000	–	6,827	–	0.01%	–
ADCT	New	ADC THERAPEUTICS SA	$206,000	–	4,410	–	0.01%	–

Q4 2019

			Value		Shares		↓ Weighting
ATNM	Exit	ACTINIUM PHARMACEUTICALS INC	$0	–	-1,354,172	–	-0.11%	–
NTGN	Exit	NEON THERAPEUTICS INC	$0	–	-193,052	–	-0.12%	–
APLS	Exit	APELLIS PHARMACEUTICALS INC	$0	–	-22,281	–	-0.19%	–
GNCA	Exit	GENOCEA BIOSCIENCES INC	$0	–	-188,128	–	-0.20%	–
XENT	Exit	INTERSECT ENT INC	$0	–	-37,815	–	-0.23%	–
PRTA	Exit	PROTHENA CORP PLC	$0	–	-86,407	–	-0.24%	–
ACHC	Exit	ACADIA HEALTHCARE COMPANY IN	$0	–	-23,918	–	-0.27%	–
AXNX	Exit	AXONICS MODULATION TECH INC	$0	–	-27,759	–	-0.27%	–
EHC	Exit	ENCOMPASS HEALTH CORP	$0	–	-11,892	–	-0.27%	–
ATRC	Exit	ATRICURE INC	$0	–	-34,391	–	-0.31%	–
PETQ	Exit	PETIQ INC	$0	–	-34,354	–	-0.34%	–
HUM	Exit	HUMANA INC	$0	–	-3,899	–	-0.36%	–
LQDA	Exit	LIQUIDIA TECHNOLOGIES INC	$0	–	-317,993	–	-0.41%	–
CNMD	Exit	CONMED CORP	$0	–	-13,112	–	-0.45%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-31,031	–	-0.50%	–
IIN	Exit	INTRICON CORP	$0	–	-73,543	–	-0.51%	–
	Exit	SENSEONICS HLDGS INCnote 5.250% 2/0	$0	–	-1,500,000	–	-0.53%	–
IOVA	Exit	IOVANCE BIOTHERAPEUTICS INC	$0	–	-86,069	–	-0.56%	–
TAK	Exit	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$0	–	-92,273	–	-0.57%	–
FLDM	Exit	FLUIDIGM CORP DEL	$0	–	-395,701	–	-0.66%	–
SDC	Exit	SMILEDIRECTCLUB INC	$0	–	-133,388	–	-0.66%	–
INSP	Exit	INSPIRE MED SYS INC	$0	–	-30,805	–	-0.68%	–
ACRS	Exit	ACLARIS THERAPEUTICS INC	$0	–	-1,769,785	–	-0.69%	–
GWPH	Exit	GW PHARMACEUTICALS PLCads	$0	–	-17,130	–	-0.71%	–
BIO	Exit	BIO RAD LABS INCcl a	$0	–	-6,910	–	-0.82%	–
FATE	Exit	FATE THERAPEUTICS INC	$0	–	-166,782	–	-0.93%	–
NCNA	Exit	NUCANA PLCsponsored adr	$0	–	-384,700	–	-1.00%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-67,200	–	-1.12%	–
SIEN	Exit	SIENTRA INC	$0	–	-529,950	–	-1.23%	–
HAE	Exit	HAEMONETICS CORP	$0	–	-32,594	–	-1.48%	–
IART	Exit	INTEGRA LIFESCIENCES HLDGS C	$0	–	-84,225	–	-1.82%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-22,061	–	-2.00%	–
ANTM	Exit	ANTHEM INC	$0	–	-25,657	–	-2.21%	–
WMGI	Exit	WRIGHT MED GROUP N V	$0	–	-301,391	–	-2.23%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-60,999	–	-2.73%	–
	Exit	EVOLENT HEALTH INCnote 2.000%12/0	$0	–	-90,960	–	-2.86%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-105,501	–	-3.12%	–
CRL	Exit	CHARLES RIV LABS INTL INC	$0	–	-74,986	–	-3.56%	–
CI	Exit	CIGNA CORP NEW	$0	–	-72,109	–	-3.93%	–
ABBV	Exit	ABBVIE INC	$0	–	-162,007	–	-4.40%	–
PRAH	Exit	PRA HEALTH SCIENCES INC	$0	–	-126,809	–	-4.52%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-107,413	–	-4.99%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-291,925	–	-5.31%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-88,983	–	-5.36%	–
OXFD	Exit	OXFORD IMMUNOTEC GLOBAL PLC	$0	–	-989,436	–	-5.90%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-149,755	–	-6.47%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-66,200	–	-7.05%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-152,496	–	-7.51%	–
RCM	Exit	R1 RCM INC	$0	–	-2,378,963	–	-7.62%	–

Q3 2019

			Value		Shares		↓ Weighting
RCM	Buy	R1 RCM INC	$21,244,000	+103.3%	2,378,963	+186.3%	7.62%	+85.0%
ZBH	Buy	ZIMMER BIOMET HLDGS INC	$20,933,000	+62.2%	152,496	+39.1%	7.51%	+47.6%
SPY	New	SPDR S&P 500 ETF TRput	$19,646,000	–	66,200	–	7.05%	–
HCA	Buy	HCA HEALTHCARE INC	$18,033,000	+205.8%	149,755	+243.3%	6.47%	+178.4%
OXFD	Buy	OXFORD IMMUNOTEC GLOBAL PLC	$16,454,000	+90.0%	989,436	+57.2%	5.90%	+73.0%
LH	Buy	LABORATORY CORP AMER HLDGS	$14,949,000	+4.3%	88,983	+7.3%	5.36%	-5.1%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$14,804,000	+278.2%	291,925	+238.3%	5.31%	+244.3%
JNJ	New	JOHNSON & JOHNSON	$13,897,000	–	107,413	–	4.99%	–
PRAH	Buy	PRA HEALTH SCIENCES INC	$12,583,000	+30.6%	126,809	+30.5%	4.52%	+18.9%
ABBV	Buy	ABBVIE INC	$12,267,000	+89.5%	162,007	+82.0%	4.40%	+72.5%
CI	Buy	CIGNA CORP NEW	$10,945,000	+12.8%	72,109	+17.1%	3.93%	+2.7%
CRL	New	CHARLES RIV LABS INTL INC	$9,926,000	–	74,986	–	3.56%	–
ABC	Buy	AMERISOURCEBERGEN CORP	$8,686,000	+38.6%	105,501	+43.5%	3.12%	+26.1%
	Sell	EVOLENT HEALTH INCnote 2.000%12/0	$7,965,000	+60.1%	90,960	-98.4%	2.86%	+45.8%
ZTS	New	ZOETIS INCcl a	$7,600,000	–	60,999	–	2.73%	–
WMGI	Sell	WRIGHT MED GROUP N V	$6,218,000	-43.9%	301,391	-19.0%	2.23%	-49.0%
ANTM	New	ANTHEM INC	$6,160,000	–	25,657	–	2.21%	–
BDX	New	BECTON DICKINSON & CO	$5,581,000	–	22,061	–	2.00%	–
IART	Buy	INTEGRA LIFESCIENCES HLDGS C	$5,059,000	+111.5%	84,225	+96.7%	1.82%	+92.6%
HAE	New	HAEMONETICS CORP	$4,111,000	–	32,594	–	1.48%	–
SIEN	Sell	SIENTRA INC	$3,434,000	-56.6%	529,950	-58.8%	1.23%	-60.6%
SNY	Sell	SANOFIsponsored adr	$3,113,000	-40.4%	67,200	-44.3%	1.12%	-45.7%
NCNA	New	NUCANA PLCsponsored adr	$2,785,000	–	384,700	–	1.00%	–
FATE	New	FATE THERAPEUTICS INC	$2,590,000	–	166,782	–	0.93%	–
BIO	Buy	BIO RAD LABS INCcl a	$2,299,000	+96.8%	6,910	+85.0%	0.82%	+79.3%
GWPH	Sell	GW PHARMACEUTICALS PLCads	$1,970,000	-37.2%	17,130	-5.9%	0.71%	-42.9%
ACRS	Buy	ACLARIS THERAPEUTICS INC	$1,911,000	-46.4%	1,769,785	+8.6%	0.69%	-51.2%
INSP	New	INSPIRE MED SYS INC	$1,880,000	–	30,805	–	0.68%	–
SDC	New	SMILEDIRECTCLUB INC	$1,851,000	–	133,388	–	0.66%	–
FLDM	New	FLUIDIGM CORP DEL	$1,832,000	–	395,701	–	0.66%	–
TAK	Sell	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$1,587,000	-90.4%	92,273	-90.1%	0.57%	-91.2%
IOVA	Sell	IOVANCE BIOTHERAPEUTICS INC	$1,566,000	-63.1%	86,069	-50.3%	0.56%	-66.4%
IIN	Sell	INTRICON CORP	$1,430,000	-84.3%	73,543	-81.1%	0.51%	-85.7%
AZN	Sell	ASTRAZENECA PLCsponsored adr	$1,383,000	-73.2%	31,031	-75.1%	0.50%	-75.6%
CNMD	New	CONMED CORP	$1,261,000	–	13,112	–	0.45%	–
LQDA	Sell	LIQUIDIA TECHNOLOGIES INC	$1,132,000	-69.8%	317,993	-32.2%	0.41%	-72.5%
HUM	Sell	HUMANA INC	$997,000	-86.5%	3,899	-86.0%	0.36%	-87.7%
PETQ	New	PETIQ INC	$936,000	–	34,354	–	0.34%	–
ATRC	Sell	ATRICURE INC	$858,000	-86.9%	34,391	-84.3%	0.31%	-88.0%
EHC	Sell	ENCOMPASS HEALTH CORP	$753,000	-89.6%	11,892	-89.6%	0.27%	-90.6%
AXNX	New	AXONICS MODULATION TECH INC	$747,000	–	27,759	–	0.27%	–
ACHC	New	ACADIA HEALTHCARE COMPANY IN	$743,000	–	23,918	–	0.27%	–
PRTA	New	PROTHENA CORP PLC	$677,000	–	86,407	–	0.24%	–
XENT	Sell	INTERSECT ENT INC	$643,000	-89.6%	37,815	-86.0%	0.23%	-90.5%
GNCA	Sell	GENOCEA BIOSCIENCES INC	$546,000	-51.9%	188,128	-35.1%	0.20%	-56.2%
APLS	New	APELLIS PHARMACEUTICALS INC	$537,000	–	22,281	–	0.19%	–
NTGN	Sell	NEON THERAPEUTICS INC	$332,000	-85.0%	193,052	-58.5%	0.12%	-86.3%
ATNM	Sell	ACTINIUM PHARMACEUTICALS INC	$311,000	-49.0%	1,354,172	-45.4%	0.11%	-53.3%
ADVM	Exit	ADVERUM BIOTECHNOLOGIES INC	$0	–	-31,869	–	-0.15%	–
TBIO	Exit	TRANSLATE BIO INC	$0	–	-38,772	–	-0.19%	–
GLYC	Exit	GLYCOMIMETICS INC	$0	–	-42,271	–	-0.20%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-1,962	–	-0.21%	–
SRPT	Exit	SAREPTA THERAPEUTICS INC	$0	–	-3,753	–	-0.22%	–
MD	Exit	MEDNAX INC	$0	–	-39,401	–	-0.39%	–
TNDM	Exit	TANDEM DIABETES CARE INC	$0	–	-19,579	–	-0.50%	–
SIBN	Exit	SI BONE INC	$0	–	-65,216	–	-0.52%	–
MRNS	Exit	MARINUS PHARMACEUTICALS INC	$0	–	-362,189	–	-0.59%	–
GRTS	Exit	GRITSTONE ONCOLOGY INC	$0	–	-143,752	–	-0.63%	–
DVA	Exit	DAVITA INC	$0	–	-32,566	–	-0.72%	–
OSMT	Exit	OSMOTICA PHARMACEUTICALS PLC	$0	–	-514,239	–	-0.77%	–
SGRY	Exit	SURGERY PARTNERS INC	$0	–	-287,720	–	-0.92%	–
NVRO	Exit	NEVRO CORP	$0	–	-63,394	–	-1.62%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-82,813	–	-1.90%	–
VCRA	Exit	VOCERA COMMUNICATIONS INC	$0	–	-203,000	–	-2.56%	–
AVDR	Exit	AVEDRO INC	$0	–	-357,942	–	-2.77%	–
IRTC	Exit	IRHYTHM TECHNOLOGIES INC	$0	–	-103,448	–	-3.22%	–
	Exit	FLUIDIGM CORP DELnote 2.750% 2/0	$0	–	-8,756,000	–	-3.31%	–

Q2 2019

			Value		Shares		↓ Weighting
TAK	New	TAKEDA PHARMACEUTICAL CO LTDsponsored ads	$16,514,000	–	932,967	–	6.51%	–
LH	New	LABORATORY CORP AMER HLDGS	$14,333,000	–	82,900	–	5.65%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$12,908,000	–	109,632	–	5.09%	–
WMGI	New	WRIGHT MED GROUP N V	$11,092,000	–	371,979	–	4.37%	–
RCM	New	R1 RCM INC	$10,452,000	–	830,809	–	4.12%	–
CI	New	CIGNA CORP NEW	$9,704,000	–	61,590	–	3.83%	–
PRAH	New	PRA HEALTH SCIENCES INC	$9,637,000	–	97,200	–	3.80%	–
IIN	New	INTRICON CORP	$9,106,000	–	389,795	–	3.59%	–
OXFD	New	OXFORD IMMUNOTEC GLOBAL PLC	$8,658,000	–	629,236	–	3.41%	–
	New	FLUIDIGM CORP DELnote 2.750% 2/0	$8,386,000	–	8,756,000	–	3.31%	–
IRTC	New	IRHYTHM TECHNOLOGIES INC	$8,181,000	–	103,448	–	3.22%	–
SIEN	New	SIENTRA INC	$7,921,000	–	1,285,855	–	3.12%	–
HUM	New	HUMANA INC	$7,375,000	–	27,797	–	2.91%	–
EHC	New	ENCOMPASS HEALTH CORP	$7,274,000	–	114,801	–	2.87%	–
AVDR	New	AVEDRO INC	$7,030,000	–	357,942	–	2.77%	–
ATRC	New	ATRICURE INC	$6,536,000	–	219,038	–	2.58%	–
VCRA	New	VOCERA COMMUNICATIONS INC	$6,480,000	–	203,000	–	2.56%	–
ABBV	New	ABBVIE INC	$6,473,000	–	89,008	–	2.55%	–
ABC	New	AMERISOURCEBERGEN CORP	$6,267,000	–	73,503	–	2.47%	–
XENT	New	INTERSECT ENT INC	$6,158,000	–	270,561	–	2.43%	–
HCA	New	HCA HEALTHCARE INC	$5,897,000	–	43,623	–	2.32%	–
SNY	New	SANOFIsponsored adr	$5,219,000	–	120,614	–	2.06%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$5,154,000	–	124,859	–	2.03%	–
	New	EVOLENT HEALTH INCnote 2.000%12/0	$4,974,000	–	5,596,000	–	1.96%	–
XRAY	New	DENTSPLY SIRONA INC	$4,833,000	–	82,813	–	1.90%	–
IOVA	New	IOVANCE BIOTHERAPEUTICS INC	$4,248,000	–	173,238	–	1.68%	–
NVRO	New	NEVRO CORP	$4,110,000	–	63,394	–	1.62%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$3,914,000	–	86,297	–	1.54%	–
LQDA	New	LIQUIDIA TECHNOLOGIES INC	$3,752,000	–	468,981	–	1.48%	–
ACRS	New	ACLARIS THERAPEUTICS INC	$3,568,000	–	1,629,327	–	1.41%	–
GWPH	New	GW PHARMACEUTICALS PLCads	$3,139,000	–	18,210	–	1.24%	–
IART	New	INTEGRA LIFESCIENCES HLDGS C	$2,392,000	–	42,827	–	0.94%	–
SGRY	New	SURGERY PARTNERS INC	$2,342,000	–	287,720	–	0.92%	–
NTGN	New	NEON THERAPEUTICS INC	$2,207,000	–	465,650	–	0.87%	–
OSMT	New	OSMOTICA PHARMACEUTICALS PLC	$1,954,000	–	514,239	–	0.77%	–
DVA	New	DAVITA INC	$1,832,000	–	32,566	–	0.72%	–
GRTS	New	GRITSTONE ONCOLOGY INC	$1,601,000	–	143,752	–	0.63%	–
	New	SENSEONICS HLDGS INCnote 5.250% 2/0	$1,540,000	–	1,500,000	–	0.61%	–
MRNS	New	MARINUS PHARMACEUTICALS INC	$1,503,000	–	362,189	–	0.59%	–
SIBN	New	SI BONE INC	$1,326,000	–	65,216	–	0.52%	–
TNDM	New	TANDEM DIABETES CARE INC	$1,263,000	–	19,579	–	0.50%	–
BIO	New	BIO RAD LABS INCcl a	$1,168,000	–	3,735	–	0.46%	–
GNCA	New	GENOCEA BIOSCIENCES INC	$1,136,000	–	289,714	–	0.45%	–
MD	New	MEDNAX INC	$994,000	–	39,401	–	0.39%	–
ATNM	New	ACTINIUM PHARMACEUTICALS INC	$610,000	–	2,481,355	–	0.24%	–
SRPT	New	SAREPTA THERAPEUTICS INC	$570,000	–	3,753	–	0.22%	–
ALGN	New	ALIGN TECHNOLOGY INC	$537,000	–	1,962	–	0.21%	–
GLYC	New	GLYCOMIMETICS INC	$504,000	–	42,271	–	0.20%	–
TBIO	New	TRANSLATE BIO INC	$490,000	–	38,772	–	0.19%	–
ADVM	New	ADVERUM BIOTECHNOLOGIES INC	$379,000	–	31,869	–	0.15%	–

Q4 2018

			Value		Shares		↓ Weighting
HSGX	Exit	HISTOGENICS CORP	$0	–	-39,978	–	-0.01%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-3,581	–	-0.12%	–
AXSM	Exit	AXSOME THERAPEUTICS INC	$0	–	-95,185	–	-0.15%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-2,469	–	-0.15%	–
MCK	Exit	MCKESSON CORP	$0	–	-2,822	–	-0.17%	–
ARA	Exit	AMERICAN RENAL ASSOCIATES HO	$0	–	-18,340	–	-0.18%	–
AKTX	Exit	AKARI THERAPEUTICS PLCsponsored adr	$0	–	-163,609	–	-0.19%	–
	Exit	FLUIDIGM CORP DELnote 2.750% 2/0	$0	–	-500,000	–	-0.19%	–
SPPI	Exit	SPECTRUM PHARMACEUTICALS INC	$0	–	-26,534	–	-0.20%	–
LIVN	Exit	LIVANOVA PLC	$0	–	-3,703	–	-0.20%	–
OMED	Exit	ONCOMED PHARMACEUTICALS INC	$0	–	-219,114	–	-0.21%	–
CLSD	Exit	CLEARSIDE BIOMEDICAL INC	$0	–	-94,259	–	-0.26%	–
IMGN	Exit	IMMUNOGEN INC	$0	–	-64,065	–	-0.27%	–
JAZZ	Exit	JAZZ PHARMACEUTICALS PLC	$0	–	-3,674	–	-0.28%	–
LQDA	Exit	LIQUIDIA TECHNOLOGIES INC	$0	–	-24,085	–	-0.29%	–
OFIX	Exit	ORTHOFIX MED INC	$0	–	-11,478	–	-0.30%	–
EW	Exit	EDWARDS LIFESCIENCES CORP	$0	–	-3,806	–	-0.30%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,576	–	-0.30%	–
ACAD	Exit	ACADIA PHARMACEUTICALS INC	$0	–	-32,371	–	-0.30%	–
VRAY	Exit	VIEWRAY INC	$0	–	-75,971	–	-0.32%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-8,305	–	-0.35%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-10,315	–	-0.35%	–
MGNX	Exit	MACROGENICS INC	$0	–	-39,456	–	-0.38%	–
FOLD	Exit	AMICUS THERAPEUTICS INC	$0	–	-70,768	–	-0.38%	–
SGMO	Exit	SANGAMO THERAPEUTICS INC	$0	–	-54,523	–	-0.41%	–
ALDX	Exit	ALDEYRA THERAPEUTICS INC	$0	–	-70,000	–	-0.43%	–
MD	Exit	MEDNAX INC	$0	–	-20,959	–	-0.44%	–
ADVM	Exit	ADVERUM BIOTECHNOLOGIES INC	$0	–	-168,840	–	-0.45%	–
AXGN	Exit	AXOGEN INC	$0	–	-29,074	–	-0.48%	–
MDRX	Exit	ALLSCRIPTS HEALTHCARE SOLUTN	$0	–	-76,494	–	-0.48%	–
PBYI	Exit	PUMA BIOTECHNOLOGY INC	$0	–	-25,081	–	-0.51%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-17,286	–	-0.54%	–
VKTX	Exit	VIKING THERAPEUTICS INC	$0	–	-71,977	–	-0.56%	–
NXTM	Exit	NXSTAGE MEDICAL INC	$0	–	-46,513	–	-0.58%	–
SRPT	Exit	SAREPTA THERAPEUTICS INC	$0	–	-8,456	–	-0.61%	–
NVRO	Exit	NEVRO CORP	$0	–	-24,171	–	-0.61%	–
	Exit	ENDOLOGIX INCnote 2.250%12/1	$0	–	-1,541,000	–	-0.66%	–
ARRY	Exit	ARRAY BIOPHARMA INC	$0	–	-112,700	–	-0.76%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-6,922	–	-0.82%	–
HRC	Exit	HILL ROM HLDGS INC	$0	–	-19,865	–	-0.83%	–
IIN	Exit	INTRICON CORP	$0	–	-35,494	–	-0.89%	–
OCUL	Exit	OCULAR THERAPEUTIX INC	$0	–	-302,153	–	-0.92%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-19,673	–	-0.94%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-19,949	–	-0.96%	–
ICLR	Exit	ICON PLC	$0	–	-16,099	–	-1.10%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-70,407	–	-1.21%	–
IOVA	Exit	IOVANCE BIOTHERAPEUTICS INC	$0	–	-242,169	–	-1.21%	–
FATE	Exit	FATE THERAPEUTICS INC	$0	–	-204,333	–	-1.48%	–
HOLX	Exit	HOLOGIC INC	$0	–	-93,045	–	-1.70%	–
MYL	Exit	MYLAN N V	$0	–	-107,778	–	-1.76%	–
PFE	Exit	PFIZER INC	$0	–	-92,390	–	-1.81%	–
FLDM	Exit	FLUIDIGM CORP DEL	$0	–	-562,584	–	-1.88%	–
BHC	Exit	BAUSCH HEALTH COS INC	$0	–	-164,441	–	-1.88%	–
ANTM	Exit	ANTHEM INC	$0	–	-17,008	–	-2.07%	–
AET	Exit	AETNA INC NEW	$0	–	-23,017	–	-2.08%	–
RCM	Exit	R1 RCM INC	$0	–	-467,463	–	-2.11%	–
SYK	Exit	STRYKER CORP	$0	–	-26,821	–	-2.12%	–
OXFD	Exit	OXFORD IMMUNOTEC GLOBAL PLC	$0	–	-295,229	–	-2.13%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-77,971	–	-2.15%	–
DVA	Exit	DAVITA INC	$0	–	-70,090	–	-2.23%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-39,564	–	-2.31%	–
BAX	Exit	BAXTER INTL INC	$0	–	-68,190	–	-2.34%	–
MRK	Exit	MERCK & CO INC	$0	–	-80,093	–	-2.53%	–
ABT	Exit	ABBOTT LABS	$0	–	-78,718	–	-2.57%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-133,245	–	-2.65%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-65,129	–	-2.85%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-91,418	–	-3.20%	–
CELG	Exit	CELGENE CORP	$0	–	-98,401	–	-3.92%	–
WMGI	Exit	WRIGHT MED GROUP N V	$0	–	-307,216	–	-3.97%	–
TVTY	Exit	TIVITY HEALTH INC	$0	–	-310,596	–	-4.44%	–
AGN	Exit	ALLERGAN PLC	$0	–	-78,520	–	-6.65%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-90,143	–	-7.27%	–
CI	Exit	CIGNA CORPORATION	$0	–	-82,814	–	-7.67%	–

Q3 2018

			Value		Shares		↓ Weighting
CI	Buy	CIGNA CORPORATION	$17,246,000	+57.4%	82,814	+28.5%	7.67%	+61.5%
SHPG	Buy	SHIRE PLCsponsored adr	$16,340,000	+42.6%	90,143	+32.8%	7.27%	+46.3%
AGN	Sell	ALLERGAN PLC	$14,956,000	-22.0%	78,520	-31.8%	6.65%	-20.0%
TVTY	Buy	TIVITY HEALTH INC	$9,986,000	+77.7%	310,596	+94.5%	4.44%	+82.3%
WMGI	Buy	WRIGHT MED GROUP N V	$8,915,000	+217.3%	307,216	+183.8%	3.97%	+225.6%
CELG	Buy	CELGENE CORP	$8,806,000	+55.7%	98,401	+38.2%	3.92%	+59.7%
CVS	Sell	CVS HEALTH CORP	$7,196,000	+4.4%	91,418	-14.6%	3.20%	+7.1%
MDT	Sell	MEDTRONIC PLC	$6,407,000	-40.0%	65,129	-47.8%	2.85%	-38.4%
SNY	New	SANOFIsponsored adr	$5,952,000	–	133,245	–	2.65%	–
ABT	Sell	ABBOTT LABS	$5,775,000	-63.0%	78,718	-69.2%	2.57%	-62.0%
MRK	Sell	MERCK & CO INC	$5,682,000	-63.7%	80,093	-69.0%	2.53%	-62.8%
BAX	Sell	BAXTER INTL INC	$5,257,000	-11.3%	68,190	-15.0%	2.34%	-9.0%
ZBH	Buy	ZIMMER BIOMET HLDGS INC	$5,201,000	+107.8%	39,564	+76.2%	2.31%	+113.3%
DVA	Sell	DAVITA INC	$5,021,000	-47.9%	70,090	-49.5%	2.23%	-46.5%
BMY	New	BRISTOL MYERS SQUIBB CO	$4,840,000	–	77,971	–	2.15%	–
OXFD	Buy	OXFORD IMMUNOTEC GLOBAL PLC	$4,792,000	+137.0%	295,229	+88.2%	2.13%	+143.1%
SYK	Buy	STRYKER CORP	$4,766,000	+201.5%	26,821	+186.5%	2.12%	+209.0%
RCM	New	R1 RCM INC	$4,749,000	–	467,463	–	2.11%	–
AET	Sell	AETNA INC NEW	$4,669,000	-12.9%	23,017	-21.2%	2.08%	-10.6%
ANTM	Sell	ANTHEM INC	$4,661,000	-47.0%	17,008	-54.0%	2.07%	-45.6%
BHC	New	BAUSCH HEALTH COS INC	$4,221,000	–	164,441	–	1.88%	–
FLDM	Buy	FLUIDIGM CORP DEL	$4,214,000	+519.7%	562,584	+393.0%	1.88%	+535.6%
PFE	Buy	PFIZER INC	$4,072,000	+228.7%	92,390	+170.5%	1.81%	+237.2%
MYL	Sell	MYLAN N V	$3,945,000	-39.1%	107,778	-39.9%	1.76%	-37.5%
HOLX	Buy	HOLOGIC INC	$3,813,000	+14.7%	93,045	+11.2%	1.70%	+17.6%
FATE	Buy	FATE THERAPEUTICS INC	$3,329,000	+255.7%	204,333	+147.5%	1.48%	+264.8%
IOVA	New	IOVANCE BIOTHERAPEUTICS INC	$2,724,000	–	242,169	–	1.21%	–
BSX	Sell	BOSTON SCIENTIFIC CORP	$2,711,000	+13.8%	70,407	-3.3%	1.21%	+16.7%
ICLR	New	ICON PLC	$2,475,000	–	16,099	–	1.10%	–
DHR	New	DANAHER CORP DEL	$2,168,000	–	19,949	–	0.96%	–
DGX	New	QUEST DIAGNOSTICS INC	$2,123,000	–	19,673	–	0.94%	–
OCUL	Buy	OCULAR THERAPEUTIX INC	$2,079,000	+115.7%	302,153	+111.6%	0.92%	+121.3%
IIN	New	INTRICON CORP	$1,995,000	–	35,494	–	0.89%	–
HRC	Sell	HILL ROM HLDGS INC	$1,875,000	-49.9%	19,865	-53.7%	0.83%	-48.6%
UNH	Sell	UNITEDHEALTH GROUP INC	$1,842,000	-55.5%	6,922	-59.0%	0.82%	-54.3%
ARRY	Buy	ARRAY BIOPHARMA INC	$1,713,000	+25.4%	112,700	+38.4%	0.76%	+28.7%
NVRO	Buy	NEVRO CORP	$1,378,000	+71.0%	24,171	+139.4%	0.61%	+75.6%
SRPT	Buy	SAREPTA THERAPEUTICS INC	$1,366,000	+54.0%	8,456	+25.9%	0.61%	+57.9%
NXTM	New	NXSTAGE MEDICAL INC	$1,297,000	–	46,513	–	0.58%	–
VKTX	Buy	VIKING THERAPEUTICS INC	$1,254,000	+118.5%	71,977	+19.0%	0.56%	+124.1%
A	Sell	AGILENT TECHNOLOGIES INC	$1,219,000	-33.0%	17,286	-41.2%	0.54%	-31.3%
PBYI	Sell	PUMA BIOTECHNOLOGY INC	$1,150,000	-52.3%	25,081	-38.5%	0.51%	-51.1%
MDRX	New	ALLSCRIPTS HEALTHCARE SOLUTN	$1,090,000	–	76,494	–	0.48%	–
AXGN	New	AXOGEN INC	$1,071,000	–	29,074	–	0.48%	–
ADVM	New	ADVERUM BIOTECHNOLOGIES INC	$1,021,000	–	168,840	–	0.45%	–
MD	Buy	MEDNAX INC	$978,000	+139.1%	20,959	+122.0%	0.44%	+145.8%
ALDX	New	ALDEYRA THERAPEUTICS INC	$966,000	–	70,000	–	0.43%	–
SGMO	New	SANGAMO THERAPEUTICS INC	$924,000	–	54,523	–	0.41%	–
FOLD	Buy	AMICUS THERAPEUTICS INC	$856,000	+0.6%	70,768	+29.8%	0.38%	+3.3%
MGNX	New	MACROGENICS INC	$846,000	–	39,456	–	0.38%	–
GILD	Sell	GILEAD SCIENCES INC	$796,000	-86.4%	10,315	-87.6%	0.35%	-86.1%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$789,000	-56.1%	8,305	-64.3%	0.35%	-55.0%
VRAY	New	VIEWRAY INC	$711,000	–	75,971	–	0.32%	–
ACAD	New	ACADIA PHARMACEUTICALS INC	$672,000	–	32,371	–	0.30%	–
BDX	Sell	BECTON DICKINSON & CO	$672,000	-83.4%	2,576	-84.7%	0.30%	-82.9%
EW	New	EDWARDS LIFESCIENCES CORP	$663,000	–	3,806	–	0.30%	–
OFIX	New	ORTHOFIX MED INC	$664,000	–	11,478	–	0.30%	–
LQDA	New	LIQUIDIA TECHNOLOGIES INC	$661,000	–	24,085	–	0.29%	–
JAZZ	New	JAZZ PHARMACEUTICALS PLC	$618,000	–	3,674	–	0.28%	–
IMGN	Sell	IMMUNOGEN INC	$607,000	-8.6%	64,065	-6.2%	0.27%	-6.2%
CLSD	Buy	CLEARSIDE BIOMEDICAL INC	$580,000	+84.7%	94,259	+220.6%	0.26%	+89.7%
OMED	New	ONCOMED PHARMACEUTICALS INC	$465,000	–	219,114	–	0.21%	–
LIVN	New	LIVANOVA PLC	$459,000	–	3,703	–	0.20%	–
SPPI	New	SPECTRUM PHARMACEUTICALS INC	$446,000	–	26,534	–	0.20%	–
	New	FLUIDIGM CORP DELnote 2.750% 2/0	$429,000	–	500,000	–	0.19%	–
AKTX	Sell	AKARI THERAPEUTICS PLCsponsored adr	$419,000	+19.0%	163,609	-9.3%	0.19%	+21.6%
ARA	New	AMERICAN RENAL ASSOCIATES HO	$397,000	–	18,340	–	0.18%	–
MCK	Sell	MCKESSON CORP	$374,000	-78.1%	2,822	-77.9%	0.17%	-77.5%
JNJ	Sell	JOHNSON & JOHNSON	$341,000	-95.2%	2,469	-95.8%	0.15%	-95.1%
AXSM	New	AXSOME THERAPEUTICS INC	$328,000	–	95,185	–	0.15%	–
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$261,000	-85.1%	3,581	-87.7%	0.12%	-84.7%
HSGX	Sell	HISTOGENICS CORP	$22,000	-84.3%	39,978	-28.8%	0.01%	-83.6%
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-1,249	–	-0.10%	–
ZGNX	Exit	ZOGENIX INC	$0	–	-6,473	–	-0.12%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-3,692	–	-0.14%	–
HRTX	Exit	HERON THERAPEUTICS INC	$0	–	-8,824	–	-0.15%	–
NKTR	Exit	NEKTAR THERAPEUTICS	$0	–	-7,900	–	-0.17%	–
BLCM	Exit	BELLICUM PHARMACEUTICALS INC	$0	–	-71,801	–	-0.23%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-3,407	–	-0.31%	–
PTLA	Exit	PORTOLA PHARMACEUTICALS INC	$0	–	-20,803	–	-0.34%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-48,725	–	-0.39%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-46,929	–	-0.47%	–
CLVS	Exit	CLOVIS ONCOLOGY INC	$0	–	-30,500	–	-0.60%	–
PRAH	Exit	PRA HEALTH SCIENCES INC	$0	–	-15,068	–	-0.61%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-5,300	–	-0.79%	–
SYNH	Exit	SYNEOS HEALTH INCcl a	$0	–	-39,198	–	-0.80%	–
SBRA	Exit	SABRA HEALTH CARE REIT INC	$0	–	-90,922	–	-0.86%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-17,611	–	-0.94%	–
COO	Exit	COOPER COS INC	$0	–	-9,442	–	-0.96%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-30,755	–	-1.37%	–
IQV	Exit	IQVIA HLDGS INC	$0	–	-32,945	–	-1.43%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-64,241	–	-3.10%	–

Q2 2018

			Value		Shares		↓ Weighting
AGN	New	ALLERGAN PLC	$19,185,000	–	115,072	–	8.32%	–
MRK	New	MERCK & CO INC	$15,665,000	–	258,073	–	6.79%	–
ABT	New	ABBOTT LABS	$15,602,000	–	255,807	–	6.76%	–
SHPG	New	SHIRE PLCsponsored adr	$11,460,000	–	67,893	–	4.97%	–
CI	New	CIGNA CORPORATION	$10,955,000	–	64,461	–	4.75%	–
MDT	New	MEDTRONIC PLC	$10,678,000	–	124,724	–	4.63%	–
DVA	New	DAVITA INC	$9,630,000	–	138,676	–	4.18%	–
ANTM	New	ANTHEM INC	$8,792,000	–	36,936	–	3.81%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$7,159,000	–	64,241	–	3.10%	–
JNJ	New	JOHNSON & JOHNSON	$7,114,000	–	58,627	–	3.08%	–
CVS	New	CVS HEALTH CORP	$6,890,000	–	107,073	–	2.99%	–
MYL	New	MYLAN N V	$6,479,000	–	179,275	–	2.81%	–
BAX	New	BAXTER INTL INC	$5,924,000	–	80,229	–	2.57%	–
GILD	New	GILEAD SCIENCES INC	$5,870,000	–	82,863	–	2.54%	–
CELG	New	CELGENE CORP	$5,655,000	–	71,205	–	2.45%	–
TVTY	New	TIVITY HEALTH INC	$5,621,000	–	159,692	–	2.44%	–
AET	New	AETNA INC NEW	$5,358,000	–	29,197	–	2.32%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,138,000	–	16,867	–	1.79%	–
BDX	New	BECTON DICKINSON & CO	$4,040,000	–	16,866	–	1.75%	–
HRC	New	HILL ROM HLDGS INC	$3,745,000	–	42,877	–	1.62%	–
HOLX	New	HOLOGIC INC	$3,325,000	–	83,656	–	1.44%	–
IQV	New	IQVIA HLDGS INC	$3,289,000	–	32,945	–	1.43%	–
HCA	New	HCA HEALTHCARE INC	$3,155,000	–	30,755	–	1.37%	–
WMGI	New	WRIGHT MED GROUP N V	$2,810,000	–	108,258	–	1.22%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$2,503,000	–	22,457	–	1.08%	–
PBYI	New	PUMA BIOTECHNOLOGY INC	$2,413,000	–	40,788	–	1.05%	–
BSX	New	BOSTON SCIENTIFIC CORP	$2,382,000	–	72,841	–	1.03%	–
COO	New	COOPER COS INC	$2,223,000	–	9,442	–	0.96%	–
CNC	New	CENTENE CORP DEL	$2,170,000	–	17,611	–	0.94%	–
OXFD	New	OXFORD IMMUNOTEC GLOBAL PLC	$2,022,000	–	156,869	–	0.88%	–
SBRA	New	SABRA HEALTH CARE REIT INC	$1,976,000	–	90,922	–	0.86%	–
SYNH	New	SYNEOS HEALTH INCcl a	$1,838,000	–	39,198	–	0.80%	–
REGN	New	REGENERON PHARMACEUTICALS	$1,828,000	–	5,300	–	0.79%	–
A	New	AGILENT TECHNOLOGIES INC	$1,819,000	–	29,411	–	0.79%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$1,798,000	–	23,290	–	0.78%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$1,749,000	–	29,148	–	0.76%	–
MCK	New	MCKESSON CORP	$1,705,000	–	12,779	–	0.74%	–
SYK	New	STRYKER CORP	$1,581,000	–	9,360	–	0.69%	–
	New	ENDOLOGIX INCnote 2.250%12/1	$1,518,000	–	1,541,000	–	0.66%	–
PRAH	New	PRA HEALTH SCIENCES INC	$1,407,000	–	15,068	–	0.61%	–
CLVS	New	CLOVIS ONCOLOGY INC	$1,387,000	–	30,500	–	0.60%	–
ARRY	New	ARRAY BIOPHARMA INC	$1,366,000	–	81,416	–	0.59%	–
PFE	New	PFIZER INC	$1,239,000	–	34,152	–	0.54%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$1,091,000	–	46,929	–	0.47%	–
OCUL	New	OCULAR THERAPEUTIX INC	$964,000	–	142,775	–	0.42%	–
FATE	New	FATE THERAPEUTICS INC	$936,000	–	82,572	–	0.41%	–
MNKKQ	New	MALLINCKRODT PUB LTD CO	$909,000	–	48,725	–	0.39%	–
SRPT	New	SAREPTA THERAPEUTICS INC	$887,000	–	6,714	–	0.38%	–
FOLD	New	AMICUS THERAPEUTICS INC	$851,000	–	54,504	–	0.37%	–
NVRO	New	NEVRO CORP	$806,000	–	10,096	–	0.35%	–
PTLA	New	PORTOLA PHARMACEUTICALS INC	$786,000	–	20,803	–	0.34%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$706,000	–	3,407	–	0.31%	–
FLDM	New	FLUIDIGM CORP DEL	$680,000	–	114,110	–	0.30%	–
IMGN	New	IMMUNOGEN INC	$664,000	–	68,265	–	0.29%	–
VKTX	New	VIKING THERAPEUTICS INC	$574,000	–	60,499	–	0.25%	–
BLCM	New	BELLICUM PHARMACEUTICALS INC	$530,000	–	71,801	–	0.23%	–
MD	New	MEDNAX INC	$409,000	–	9,442	–	0.18%	–
NKTR	New	NEKTAR THERAPEUTICS	$386,000	–	7,900	–	0.17%	–
AKTX	New	AKARI THERAPEUTICS PLCsponsored adr	$352,000	–	180,297	–	0.15%	–
HRTX	New	HERON THERAPEUTICS INC	$343,000	–	8,824	–	0.15%	–
ABC	New	AMERISOURCEBERGEN CORP	$315,000	–	3,692	–	0.14%	–
CLSD	New	CLEARSIDE BIOMEDICAL INC	$314,000	–	29,400	–	0.14%	–
ZGNX	New	ZOGENIX INC	$286,000	–	6,473	–	0.12%	–
LH	New	LABORATORY CORP AMER HLDGS	$224,000	–	1,249	–	0.10%	–
HSGX	New	HISTOGENICS CORP	$140,000	–	56,177	–	0.06%	–

Q4 2017

			Value		Shares		↓ Weighting
GLYC	Exit	GLYCOMIMETICS INC	$0	–	-17,607	–	-0.08%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDsponsored adr	$0	–	-18,133	–	-0.10%	–
NLNK	Exit	NEWLINK GENETICS CORP	$0	–	-36,100	–	-0.11%	–
RDUS	Exit	RADIUS HEALTH INC	$0	–	-10,500	–	-0.12%	–
LCI	Exit	LANNET INC	$0	–	-28,000	–	-0.16%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-5,400	–	-0.16%	–
XBI	Exit	SPDR SERIES TRUSTs&p biotech	$0	–	-6,300	–	-0.16%	–
IMGN	Exit	IMMUNOGEN INC	$0	–	-78,500	–	-0.18%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-10,300	–	-0.19%	–
ASND	Exit	ASCENDIS PHARMA A Ssponsored adr	$0	–	-17,330	–	-0.19%	–
ZSAN	Exit	ZOSANO PHARMA CORP	$0	–	-827,297	–	-0.21%	–
KITE	Exit	KITE PHARMA INC	$0	–	-4,100	–	-0.22%	–
NVTA	Exit	INVITAE CORP	$0	–	-85,200	–	-0.24%	–
BOLD	Exit	AUDENTES THERAPEUTICS INC	$0	–	-29,235	–	-0.25%	–
ANAB	Exit	ANAPTYSBIO INC	$0	–	-24,600	–	-0.26%	–
ALRN	Exit	AILERON THERAPEUTICS INC	$0	–	-69,350	–	-0.28%	–
HLS	Exit	HEALTHSOUTH CORP	$0	–	-21,804	–	-0.31%	–
WMGI	Exit	WRIGHT MED GROUP N V	$0	–	-39,600	–	-0.31%	–
FATE	Exit	FATE THERAPEUTICS INC	$0	–	-272,700	–	-0.33%	–
DVAX	Exit	DYNAVAX TECHNOLOGIES CORP	$0	–	-50,500	–	-0.33%	–
ARRY	Exit	ARRAY BIOPHARMA INC	$0	–	-91,000	–	-0.34%	–
ALDR	Exit	ALDER BIOPHARMACEUTICALS INC	$0	–	-91,600	–	-0.34%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-9,900	–	-0.35%	–
EW	Exit	EDWARDS LIFESCIENCES CORP	$0	–	-11,616	–	-0.38%	–
BAX	Exit	BAXTER INTL INC	$0	–	-20,749	–	-0.39%	–
ARA	Exit	AMERICAN RENAL ASSOCIATES HO	$0	–	-95,956	–	-0.44%	–
	Exit	ENDOLOGIX INCnote 2.250%12/1	$0	–	-1,541,000	–	-0.45%	–
DERM	Exit	DERMIRA INC	$0	–	-65,015	–	-0.53%	–
AGRX	Exit	AGILE THERAPEUTICS INC	$0	–	-441,708	–	-0.60%	–
RXDX	Exit	IGNYTA INC	$0	–	-161,800	–	-0.60%	–
HALO	Exit	HALOZYME THERAPEUTICS INC	$0	–	-115,500	–	-0.61%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-27,739	–	-0.65%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-27,357	–	-0.67%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-27,500	–	-0.68%	–
IRTC	Exit	IRHYTHM TECHNOLOGIES INC	$0	–	-44,300	–	-0.70%	–
CELG	Exit	CELGENE CORP	$0	–	-16,300	–	-0.72%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-39,500	–	-0.76%	–
INCY	Exit	INCYTE CORP	$0	–	-21,600	–	-0.76%	–
PBYI	Exit	PUMA BIOTECHNOLOGY INC	$0	–	-21,400	–	-0.78%	–
NKTR	Exit	NEKTAR THERAPEUTICS	$0	–	-109,300	–	-0.80%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-34,464	–	-0.81%	–
JAZZ	Exit	JAZZ PHARMACEUTICALS PLC	$0	–	-18,450	–	-0.82%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-14,001	–	-0.83%	–
AERI	Exit	AERIE PHARMACEUTICALS INC	$0	–	-57,188	–	-0.84%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-33,740	–	-0.85%	–
INSM	Exit	INSMED INC	$0	–	-95,400	–	-0.90%	–
EVHC	Exit	ENVISION HEALTHCARE CORP	$0	–	-67,860	–	-0.92%	–
SRPT	Exit	SAREPTA THERAPEUTICS INC	$0	–	-67,300	–	-0.92%	–
WAGE	Exit	WAGEWORKS INC	$0	–	-51,100	–	-0.94%	–
CI	Exit	CIGNA CORPORATION	$0	–	-16,700	–	-0.95%	–
ANIP	Exit	ANI PHARMACEUTICALS INC	$0	–	-59,900	–	-0.95%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-21,900	–	-1.01%	–
HSIC	Exit	SCHEIN HENRY INC	$0	–	-41,900	–	-1.04%	–
SYK	Exit	STRYKER CORP	$0	–	-25,104	–	-1.08%	–
NVRO	Exit	NEVRO CORP	$0	–	-39,461	–	-1.09%	–
HOLX	Exit	HOLOGIC INC	$0	–	-103,203	–	-1.15%	–
ENTL	Exit	ENTELLUS MED INC	$0	–	-208,771	–	-1.17%	–
	Exit	AMICUS THERAPEUTICS INCcall	$0	–	-261,000	–	-1.19%	–
MYL	Exit	MYLAN N V	$0	–	-131,400	–	-1.25%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-22,772	–	-1.35%	–
CLVS	Exit	CLOVIS ONCOLOGY INC	$0	–	-56,750	–	-1.42%	–
NSTG	Exit	NANOSTRING TECHNOLOGIES INC	$0	–	-295,260	–	-1.44%	–
BBH	Exit	VANECK VECTORS ETF TRbiotech etf	$0	–	-38,799	–	-1.58%	–
PTLA	Exit	PORTOLA PHARMACEUTICALS INC	$0	–	-100,400	–	-1.64%	–
BCR	Exit	BARD C R INC	$0	–	-17,139	–	-1.66%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-86,571	–	-1.76%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-210,498	–	-1.86%	–
ANTM	Exit	ANTHEM INC	$0	–	-32,811	–	-1.89%	–
MCK	Exit	MCKESSON CORP	$0	–	-45,800	–	-2.13%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-56,500	–	-2.23%	–
MD	Exit	MEDNAX INC	$0	–	-176,400	–	-2.30%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-123,790	–	-2.38%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-71,100	–	-2.39%	–
PFE	Exit	PFIZER INC	$0	–	-227,319	–	-2.46%	–
TVTY	Exit	TIVITY HEALTH INC	$0	–	-201,000	–	-2.48%	–
AGN	Exit	ALLERGAN PLC	$0	–	-40,477	–	-2.51%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-55,296	–	-2.57%	–
AET	Exit	AETNA INC NEW	$0	–	-61,427	–	-2.96%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-59,608	–	-3.42%	–
ABT	Exit	ABBOTT LABS	$0	–	-211,983	–	-3.43%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-137,865	–	-3.58%	–
SBRA	Exit	SABRA HEALTH CARE REIT INC	$0	–	-556,330	–	-3.70%	–
OXFD	Exit	OXFORD IMMUNOTEC GLOBAL PLC	$0	–	-731,509	–	-3.72%	–
BIIB	Exit	BIOGEN INC	$0	–	-39,817	–	-3.78%	–
DVA	Exit	DAVITA INC	$0	–	-274,223	–	-4.93%	–

Q3 2017

			Value		Shares		↓ Weighting
DVA	Buy	DAVITA INC	$16,286,000	+35.6%	274,223	+47.8%	4.93%	+45.2%
BIIB	Buy	BIOGEN INC	$12,467,000	+45.2%	39,817	+25.9%	3.78%	+55.6%
OXFD	Sell	OXFORD IMMUNOTEC GLOBAL PLC	$12,289,000	-2.7%	731,509	-2.5%	3.72%	+4.3%
SBRA	New	SABRA HEALTH CARE REIT INC	$12,206,000	–	556,330	–	3.70%	–
DHR	New	DANAHER CORP DEL	$11,826,000	–	137,865	–	3.58%	–
ABT	Sell	ABBOTT LABS	$11,311,000	-7.2%	211,983	-15.5%	3.43%	-0.6%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$11,278,000	-30.2%	59,608	-35.6%	3.42%	-25.2%
AET	Buy	AETNA INC NEW	$9,768,000	+14.0%	61,427	+8.9%	2.96%	+22.2%
SHPG	Buy	SHIRE PLCsponsored adr	$8,468,000	-3.3%	55,296	+4.3%	2.57%	+3.6%
AGN	Buy	ALLERGAN PLC	$8,296,000	+1.8%	40,477	+20.7%	2.51%	+9.1%
TVTY	Buy	TIVITY HEALTH INC	$8,201,000	+331.4%	201,000	+321.4%	2.48%	+361.9%
PFE	Sell	PFIZER INC	$8,115,000	+4.4%	227,319	-1.8%	2.46%	+11.9%
UHS	Sell	UNIVERSAL HLTH SVCS INCcl b	$7,888,000	-41.5%	71,100	-35.6%	2.39%	-37.3%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$7,838,000	-5.2%	123,790	-4.4%	2.38%	+1.6%
MD	New	MEDNAX INC	$7,606,000	–	176,400	–	2.30%	–
JNJ	New	JOHNSON & JOHNSON	$7,346,000	–	56,500	–	2.23%	–
MCK	Sell	MCKESSON CORP	$7,035,000	-41.4%	45,800	-37.3%	2.13%	-37.2%
ANTM	Sell	ANTHEM INC	$6,230,000	-32.7%	32,811	-33.3%	1.89%	-27.9%
BSX	Buy	BOSTON SCIENTIFIC CORP	$6,140,000	+73.4%	210,498	+64.8%	1.86%	+85.8%
CAH	Sell	CARDINAL HEALTH INC	$5,793,000	-26.2%	86,571	-14.0%	1.76%	-20.9%
BCR	Sell	BARD C R INC	$5,493,000	-52.7%	17,139	-53.4%	1.66%	-49.4%
PTLA	Buy	PORTOLA PHARMACEUTICALS INC	$5,425,000	+403.2%	100,400	+422.9%	1.64%	+439.0%
BBH	Sell	VANECK VECTORS ETF TRbiotech etf	$5,204,000	-9.9%	38,799	-15.7%	1.58%	-3.5%
NSTG	Sell	NANOSTRING TECHNOLOGIES INC	$4,771,000	-43.4%	295,260	-42.1%	1.44%	-39.4%
CLVS	Buy	CLOVIS ONCOLOGY INC	$4,676,000	+57.8%	56,750	+79.3%	1.42%	+69.1%
UNH	Sell	UNITEDHEALTH GROUP INC	$4,460,000	-57.4%	22,772	-59.7%	1.35%	-54.4%
MYL	Sell	MYLAN N V	$4,122,000	-21.7%	131,400	-3.1%	1.25%	-16.1%
	New	AMICUS THERAPEUTICS INCcall	$3,936,000	–	261,000	–	1.19%	–
ENTL	Buy	ENTELLUS MED INC	$3,854,000	+196.0%	208,771	+165.6%	1.17%	+217.4%
HOLX	Buy	HOLOGIC INC	$3,787,000	+353.0%	103,203	+460.0%	1.15%	+386.0%
NVRO	Sell	NEVRO CORP	$3,586,000	-15.9%	39,461	-31.1%	1.09%	-9.9%
SYK	Sell	STRYKER CORP	$3,565,000	-58.7%	25,104	-59.7%	1.08%	-55.8%
HSIC	New	SCHEIN HENRY INC	$3,435,000	–	41,900	–	1.04%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$3,330,000	–	21,900	–	1.01%	–
ANIP	Buy	ANI PHARMACEUTICALS INC	$3,144,000	+330.7%	59,900	+284.0%	0.95%	+362.6%
CI	Buy	CIGNA CORPORATION	$3,122,000	+152.0%	16,700	+125.7%	0.95%	+170.3%
WAGE	New	WAGEWORKS INC	$3,102,000	–	51,100	–	0.94%	–
SRPT	New	SAREPTA THERAPEUTICS INC	$3,053,000	–	67,300	–	0.92%	–
EVHC	Sell	ENVISION HEALTHCARE CORP	$3,050,000	-65.9%	67,860	-52.5%	0.92%	-63.5%
INSM	New	INSMED INC	$2,977,000	–	95,400	–	0.90%	–
ABC	Sell	AMERISOURCEBERGEN CORP	$2,792,000	-36.0%	33,740	-26.9%	0.85%	-31.4%
AERI	Buy	AERIE PHARMACEUTICALS INC	$2,779,000	-0.3%	57,188	+7.8%	0.84%	+6.9%
BDX	Sell	BECTON DICKINSON & CO	$2,743,000	-75.0%	14,001	-75.1%	0.83%	-73.2%
JAZZ	Sell	JAZZ PHARMACEUTICALS PLC	$2,698,000	-70.9%	18,450	-69.0%	0.82%	-68.8%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$2,661,000	-29.0%	34,464	-28.0%	0.81%	-24.0%
NKTR	Buy	NEKTAR THERAPEUTICS	$2,623,000	+213.4%	109,300	+155.4%	0.80%	+235.4%
PBYI	Buy	PUMA BIOTECHNOLOGY INC	$2,563,000	+51.9%	21,400	+10.9%	0.78%	+62.9%
INCY	Buy	INCYTE CORP	$2,522,000	-0.8%	21,600	+6.9%	0.76%	+6.3%
ZTS	Buy	ZOETIS INCcl a	$2,519,000	+160.5%	39,500	+154.8%	0.76%	+179.5%
CELG	Sell	CELGENE CORP	$2,377,000	-64.3%	16,300	-68.2%	0.72%	-61.7%
IRTC	Sell	IRHYTHM TECHNOLOGIES INC	$2,298,000	-67.3%	44,300	-73.2%	0.70%	-65.0%
CVS	Sell	CVS HEALTH CORP	$2,236,000	-42.5%	27,500	-43.1%	0.68%	-38.4%
GILD	Sell	GILEAD SCIENCES INC	$2,216,000	-68.7%	27,357	-72.6%	0.67%	-66.4%
MDT	Sell	MEDTRONIC PLC	$2,157,000	-38.6%	27,739	-30.0%	0.65%	-34.2%
HALO	Sell	HALOZYME THERAPEUTICS INC	$2,006,000	+14.3%	115,500	-15.6%	0.61%	+22.6%
RXDX	Buy	IGNYTA INC	$1,998,000	+45.8%	161,800	+22.2%	0.60%	+56.3%
AGRX	New	AGILE THERAPEUTICS INC	$1,970,000	–	441,708	–	0.60%	–
DERM	Sell	DERMIRA INC	$1,755,000	-21.3%	65,015	-15.0%	0.53%	-15.6%
ARA	Buy	AMERICAN RENAL ASSOCIATES HO	$1,436,000	-18.0%	95,956	+1.6%	0.44%	-12.1%
BAX	Buy	BAXTER INTL INC	$1,302,000	+117.4%	20,749	+109.6%	0.39%	+133.1%
EW	Sell	EDWARDS LIFESCIENCES CORP	$1,270,000	-51.9%	11,616	-47.9%	0.38%	-48.4%
ZBH	New	ZIMMER BIOMET HLDGS INC	$1,159,000	–	9,900	–	0.35%	–
ALDR	Buy	ALDER BIOPHARMACEUTICALS INC	$1,122,000	+131.8%	91,600	+116.5%	0.34%	+148.2%
ARRY	Buy	ARRAY BIOPHARMA INC	$1,119,000	+59.6%	91,000	+8.7%	0.34%	+71.2%
DVAX	Sell	DYNAVAX TECHNOLOGIES CORP	$1,086,000	+87.9%	50,500	-15.6%	0.33%	+101.8%
FATE	New	FATE THERAPEUTICS INC	$1,080,000	–	272,700	–	0.33%	–
WMGI	New	WRIGHT MED GROUP N V	$1,024,000	–	39,600	–	0.31%	–
HLS	Sell	HEALTHSOUTH CORP	$1,011,000	-33.9%	21,804	-31.0%	0.31%	-29.3%
ALRN	Sell	AILERON THERAPEUTICS INC	$928,000	-6.5%	69,350	-22.2%	0.28%	0.0%
ANAB	New	ANAPTYSBIO INC	$860,000	–	24,600	–	0.26%	–
BOLD	Buy	AUDENTES THERAPEUTICS INC	$819,000	+46.5%	29,235	+0.1%	0.25%	+57.0%
NVTA	New	INVITAE CORP	$798,000	–	85,200	–	0.24%	–
KITE	Sell	KITE PHARMA INC	$737,000	-56.6%	4,100	-75.0%	0.22%	-53.6%
ZSAN	Buy	ZOSANO PHARMA CORP	$681,000	-35.7%	827,297	+10.1%	0.21%	-31.1%
ASND	New	ASCENDIS PHARMA A Ssponsored adr	$628,000	–	17,330	–	0.19%	–
XRAY	Sell	DENTSPLY SIRONA INC	$616,000	-90.2%	10,300	-89.4%	0.19%	-89.5%
IMGN	Sell	IMMUNOGEN INC	$601,000	-19.1%	78,500	-24.9%	0.18%	-13.3%
XBI	Buy	SPDR SERIES TRUSTs&p biotech	$545,000	+113.7%	6,300	+90.9%	0.16%	+129.2%
CNC	Sell	CENTENE CORP DEL	$523,000	-75.8%	5,400	-80.1%	0.16%	-74.2%
LCI	New	LANNET INC	$517,000	–	28,000	–	0.16%	–
RDUS	Sell	RADIUS HEALTH INC	$405,000	-61.7%	10,500	-55.1%	0.12%	-58.9%
NLNK	Sell	NEWLINK GENETICS CORP	$367,000	-41.0%	36,100	-57.3%	0.11%	-36.9%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDsponsored adr	$319,000	-84.7%	18,133	-71.1%	0.10%	-83.6%
GLYC	Sell	GLYCOMIMETICS INC	$246,000	-30.9%	17,607	-44.8%	0.08%	-25.7%
OCRX	Exit	OCERA THERAPEUTICS INC	$0	–	-120,942	–	-0.04%	–
LMNX	Exit	LUMINEX CORP DEL	$0	–	-12,600	–	-0.08%	–
ONCE	Exit	SPARK THERAPEUTICS INC	$0	–	-4,700	–	-0.08%	–
EXEL	Exit	EXELIXIS INC	$0	–	-15,870	–	-0.11%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-8,600	–	-0.14%	–
DPLO	Exit	DIPLOMAT PHARMACY INC	$0	–	-35,243	–	-0.15%	–
RGNX	Exit	REGENXBIO INC	$0	–	-36,000	–	-0.20%	–
AKRXQ	Exit	AKORN INC	$0	–	-22,400	–	-0.21%	–
LLY	Exit	LILLY ELI & CO	$0	–	-9,600	–	-0.22%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-9,300	–	-0.24%	–
CNMD	Exit	CONMED CORP	$0	–	-18,700	–	-0.27%	–
HUM	Exit	HUMANA INC	$0	–	-4,000	–	-0.27%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-7,212	–	-0.31%	–
FOLD	Exit	AMICUS THERAPEUTICS INC	$0	–	-118,800	–	-0.34%	–
OFIX	Exit	ORTHOFIX INTL N V	$0	–	-30,400	–	-0.40%	–
ILMN	Exit	ILLUMINA INC	$0	–	-8,800	–	-0.43%	–
PKI	Exit	PERKINELMER INC	$0	–	-24,400	–	-0.47%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-39,575	–	-0.50%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-126,500	–	-0.53%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-43,500	–	-0.53%	–
	Exit	FLUIDIGM CORP DELnote 2.750% 2/0	$0	–	-3,161,000	–	-0.55%	–
NUVA	Exit	NUVASIVE INC	$0	–	-27,800	–	-0.60%	–
NXTM	Exit	NXSTAGE MEDICAL INC	$0	–	-108,300	–	-0.77%	–
CRL	Exit	CHARLES RIV LABS INTL INC	$0	–	-28,248	–	-0.81%	–
KTWO	Exit	K2M GROUP HLDGS INC	$0	–	-139,400	–	-0.96%	–

Q2 2017

			Value		Shares		↓ Weighting
TMO	New	THERMO FISHER SCIENTIFIC INC	$16,157,000	–	92,608	–	4.57%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$13,478,000	–	110,400	–	3.81%	–
OXFD	New	OXFORD IMMUNOTEC GLOBAL PLC	$12,624,000	–	750,534	–	3.57%	–
ABT	New	ABBOTT LABS	$12,191,000	–	250,783	–	3.45%	–
DVA	New	DAVITA INC	$12,013,000	–	185,497	–	3.40%	–
MCK	New	MCKESSON CORP	$12,012,000	–	73,003	–	3.40%	–
BCR	New	BARD C R INC	$11,621,000	–	36,761	–	3.29%	–
BDX	New	BECTON DICKINSON & CO	$10,985,000	–	56,301	–	3.11%	–
UNH	New	UNITEDHEALTH GROUP INC	$10,473,000	–	56,484	–	2.96%	–
JAZZ	New	JAZZ PHARMACEUTICALS PLC	$9,268,000	–	59,600	–	2.62%	–
ANTM	New	ANTHEM INC	$9,259,000	–	49,215	–	2.62%	–
EVHC	New	ENVISION HEALTHCARE CORP	$8,957,000	–	142,918	–	2.53%	–
SHPG	New	SHIRE PLCsponsored adr	$8,759,000	–	52,996	–	2.48%	–
SYK	New	STRYKER CORP	$8,641,000	–	62,266	–	2.44%	–
BIIB	New	BIOGEN INC	$8,584,000	–	31,632	–	2.43%	–
AET	New	AETNA INC NEW	$8,567,000	–	56,427	–	2.42%	–
NSTG	New	NANOSTRING TECHNOLOGIES INC	$8,430,000	–	509,660	–	2.38%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$8,267,000	–	129,490	–	2.34%	–
AGN	New	ALLERGAN PLC	$8,150,000	–	33,527	–	2.30%	–
CAH	New	CARDINAL HEALTH INC	$7,846,000	–	100,691	–	2.22%	–
PFE	New	PFIZER INC	$7,773,000	–	231,400	–	2.20%	–
GILD	New	GILEAD SCIENCES INC	$7,071,000	–	99,900	–	2.00%	–
IRTC	New	IRHYTHM TECHNOLOGIES INC	$7,032,000	–	165,500	–	1.99%	–
CELG	New	CELGENE CORP	$6,649,000	–	51,200	–	1.88%	–
XRAY	New	DENTSPLY SIRONA INC	$6,315,000	–	97,400	–	1.79%	–
BBH	New	VANECK VECTORS ETF TRbiotech etf	$5,779,000	–	45,999	–	1.63%	–
MYL	New	MYLAN N V	$5,264,000	–	135,600	–	1.49%	–
ABC	New	AMERISOURCEBERGEN CORP	$4,362,000	–	46,140	–	1.23%	–
NVRO	New	NEVRO CORP	$4,262,000	–	57,261	–	1.20%	–
CVS	New	CVS HEALTH CORP	$3,886,000	–	48,300	–	1.10%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$3,748,000	–	47,864	–	1.06%	–
BSX	New	BOSTON SCIENTIFIC CORP	$3,540,000	–	127,698	–	1.00%	–
MDT	New	MEDTRONIC PLC	$3,515,000	–	39,600	–	0.99%	–
KTWO	New	K2M GROUP HLDGS INC	$3,396,000	–	139,400	–	0.96%	–
CLVS	New	CLOVIS ONCOLOGY INC	$2,963,000	–	31,650	–	0.84%	–
CRL	New	CHARLES RIV LABS INTL INC	$2,857,000	–	28,248	–	0.81%	–
AERI	New	AERIE PHARMACEUTICALS INC	$2,787,000	–	53,030	–	0.79%	–
NXTM	New	NXSTAGE MEDICAL INC	$2,715,000	–	108,300	–	0.77%	–
EW	New	EDWARDS LIFESCIENCES CORP	$2,639,000	–	22,316	–	0.75%	–
INCY	New	INCYTE CORP	$2,543,000	–	20,200	–	0.72%	–
DERM	New	DERMIRA INC	$2,229,000	–	76,488	–	0.63%	–
CNC	New	CENTENE CORP DEL	$2,163,000	–	27,076	–	0.61%	–
NUVA	New	NUVASIVE INC	$2,138,000	–	27,800	–	0.60%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDsponsored adr	$2,087,000	–	62,833	–	0.59%	–
	New	FLUIDIGM CORP DELnote 2.750% 2/0	$1,960,000	–	3,161,000	–	0.55%	–
TVTY	New	TIVITY HEALTH INC	$1,901,000	–	47,700	–	0.54%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$1,876,000	–	43,500	–	0.53%	–
BKD	New	BROOKDALE SR LIVING INC	$1,861,000	–	126,500	–	0.53%	–
MNKKQ	New	MALLINCKRODT PUB LTD CO	$1,773,000	–	39,575	–	0.50%	–
HALO	New	HALOZYME THERAPEUTICS INC	$1,755,000	–	136,900	–	0.50%	–
ARA	New	AMERICAN RENAL ASSOCIATES HO	$1,751,000	–	94,408	–	0.50%	–
KITE	New	KITE PHARMA INC	$1,700,000	–	16,400	–	0.48%	–
PBYI	New	PUMA BIOTECHNOLOGY INC	$1,687,000	–	19,300	–	0.48%	–
PKI	New	PERKINELMER INC	$1,663,000	–	24,400	–	0.47%	–
HLS	New	HEALTHSOUTH CORP	$1,530,000	–	31,604	–	0.43%	–
ILMN	New	ILLUMINA INC	$1,527,000	–	8,800	–	0.43%	–
	New	ENDOLOGIX INCnote 2.250%12/1	$1,476,000	–	1,541,000	–	0.42%	–
OFIX	New	ORTHOFIX INTL N V	$1,413,000	–	30,400	–	0.40%	–
RXDX	New	IGNYTA INC	$1,370,000	–	132,400	–	0.39%	–
ENTL	New	ENTELLUS MED INC	$1,302,000	–	78,600	–	0.37%	–
CI	New	CIGNA CORPORATION	$1,239,000	–	7,400	–	0.35%	–
FOLD	New	AMICUS THERAPEUTICS INC	$1,196,000	–	118,800	–	0.34%	–
LH	New	LABORATORY CORP AMER HLDGS	$1,112,000	–	7,212	–	0.31%	–
PTLA	New	PORTOLA PHARMACEUTICALS INC	$1,078,000	–	19,200	–	0.30%	–
RDUS	New	RADIUS HEALTH INC	$1,058,000	–	23,400	–	0.30%	–
ZSAN	New	ZOSANO PHARMA CORP	$1,059,000	–	751,380	–	0.30%	–
ALRN	New	AILERON THERAPEUTICS INC	$993,000	–	89,100	–	0.28%	–
ZTS	New	ZOETIS INCcl a	$967,000	–	15,500	–	0.27%	–
HUM	New	HUMANA INC	$962,000	–	4,000	–	0.27%	–
CNMD	New	CONMED CORP	$953,000	–	18,700	–	0.27%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$845,000	–	9,300	–	0.24%	–
NKTR	New	NEKTAR THERAPEUTICS	$837,000	–	42,800	–	0.24%	–
HOLX	New	HOLOGIC INC	$836,000	–	18,429	–	0.24%	–
LLY	New	LILLY ELI & CO	$790,000	–	9,600	–	0.22%	–
AKRXQ	New	AKORN INC	$751,000	–	22,400	–	0.21%	–
IMGN	New	IMMUNOGEN INC	$743,000	–	104,500	–	0.21%	–
ANIP	New	ANI PHARMACEUTICALS INC	$730,000	–	15,600	–	0.21%	–
RGNX	New	REGENXBIO INC	$711,000	–	36,000	–	0.20%	–
ARRY	New	ARRAY BIOPHARMA INC	$701,000	–	83,700	–	0.20%	–
NLNK	New	NEWLINK GENETICS CORP	$622,000	–	84,598	–	0.18%	–
BAX	New	BAXTER INTL INC	$599,000	–	9,900	–	0.17%	–
DVAX	New	DYNAVAX TECHNOLOGIES CORP	$578,000	–	59,858	–	0.16%	–
BOLD	New	AUDENTES THERAPEUTICS INC	$559,000	–	29,200	–	0.16%	–
DPLO	New	DIPLOMAT PHARMACY INC	$522,000	–	35,243	–	0.15%	–
A	New	AGILENT TECHNOLOGIES INC	$510,000	–	8,600	–	0.14%	–
ALDR	New	ALDER BIOPHARMACEUTICALS INC	$484,000	–	42,300	–	0.14%	–
EXEL	New	EXELIXIS INC	$391,000	–	15,870	–	0.11%	–
GLYC	New	GLYCOMIMETICS INC	$356,000	–	31,907	–	0.10%	–
ONCE	New	SPARK THERAPEUTICS INC	$281,000	–	4,700	–	0.08%	–
LMNX	New	LUMINEX CORP DEL	$266,000	–	12,600	–	0.08%	–
XBI	New	SPDR SERIES TRUSTs&p biotech	$255,000	–	3,300	–	0.07%	–
OCRX	New	OCERA THERAPEUTICS INC	$140,000	–	120,942	–	0.04%	–

Q4 2016

			Value		Shares		↓ Weighting
ARRY	Exit	ARRAY BIOPHARMA INC	$0	–	-10,000	–	-0.02%	–
RAD	Exit	RITE AID CORP	$0	–	-17,700	–	-0.05%	–
RGNX	Exit	REGENXBIO INC	$0	–	-12,026	–	-0.06%	–
CHRS	Exit	COHERUS BIOSCIENCES INC	$0	–	-8,400	–	-0.08%	–
OCRX	Exit	OCERA THERAPEUTICS INC	$0	–	-103,142	–	-0.10%	–
CLVS	Exit	CLOVIS ONCOLOGY INC	$0	–	-8,300	–	-0.11%	–
ANIP	Exit	ANI PHARMACEUTICALS INC	$0	–	-4,600	–	-0.11%	–
RIGL	Exit	RIGEL PHARMACEUTICALS INC	$0	–	-84,443	–	-0.12%	–
FOLD	Exit	AMICUS THERAPEUTICS INC	$0	–	-42,900	–	-0.12%	–
MRK	Exit	MERCK & CO INC	$0	–	-5,100	–	-0.12%	–
RXDX	Exit	IGNYTA INC	$0	–	-52,200	–	-0.12%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,900	–	-0.13%	–
TSRO	Exit	TESARO INC	$0	–	-3,400	–	-0.13%	–
RDUS	Exit	RADIUS HEALTH INC	$0	–	-6,300	–	-0.13%	–
ONCE	Exit	SPARK THERAPEUTICS INC	$0	–	-5,800	–	-0.13%	–
PCRX	Exit	PACIRA PHARMACEUTICALS INC	$0	–	-10,500	–	-0.13%	–
	Exit	TRILLIUM THERAPEUTICS INC	$0	–	-24,400	–	-0.13%	–
BAX	Exit	BAXTER INTL INC	$0	–	-8,309	–	-0.15%	–
NLNK	Exit	NEWLINK GENETICS CORP	$0	–	-29,791	–	-0.17%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-5,150	–	-0.17%	–
HZNP	Exit	HORIZON PHARMA PLC	$0	–	-26,040	–	-0.18%	–
INCY	Exit	INCYTE CORP	$0	–	-5,000	–	-0.18%	–
KITE	Exit	KITE PHARMA INC	$0	–	-9,800	–	-0.20%	–
PEN	Exit	PENUMBRA INC	$0	–	-7,200	–	-0.20%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-22,400	–	-0.20%	–
KERX	Exit	KERYX BIOPHARMACEUTICALS INC	$0	–	-116,000	–	-0.23%	–
NBIX	Exit	NEUROCRINE BIOSCIENCES INC	$0	–	-12,200	–	-0.23%	–
ILMN	Exit	ILLUMINA INC	$0	–	-3,470	–	-0.23%	–
PARNF	Exit	PARNELL PHARMACEUT HLDGS LTD	$0	–	-448,802	–	-0.24%	–
ALDR	Exit	ALDER BIOPHARMACEUTICALS INC	$0	–	-19,500	–	-0.24%	–
EXEL	Exit	EXELIXIS INC	$0	–	-50,300	–	-0.24%	–
STE	Exit	STERIS PLC	$0	–	-9,500	–	-0.26%	–
NVLS	Exit	NIVALIS THERAPEUTICS INC	$0	–	-85,412	–	-0.26%	–
PRXL	Exit	PAREXEL INTL CORP	$0	–	-10,100	–	-0.26%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-9,100	–	-0.26%	–
BBH	Exit	VANECK VECTORS ETF TRbiotech etf	$0	–	-6,150	–	-0.26%	–
TNDM	Exit	TANDEM DIABETES CARE INC	$0	–	-94,812	–	-0.27%	–
CSLT	Exit	CASTLIGHT HEALTH INCcl b	$0	–	-184,826	–	-0.28%	–
MDCO	Exit	MEDICINES CO	$0	–	-20,600	–	-0.29%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-6,657	–	-0.30%	–
DERM	Exit	DERMIRA INC	$0	–	-26,188	–	-0.33%	–
GI	Exit	ENDOCHOICE HLDGS INC	$0	–	-121,663	–	-0.36%	–
ANTM	Exit	ANTHEM INC	$0	–	-7,829	–	-0.36%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-59,070	–	-0.38%	–
FVE	Exit	FIVE STAR QUALITY CARE INC	$0	–	-575,076	–	-0.41%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-18,900	–	-0.42%	–
HRC	Exit	HILL ROM HLDGS INC	$0	–	-19,200	–	-0.44%	–
CTLT	Exit	CATALENT INC	$0	–	-46,000	–	-0.44%	–
SPNC	Exit	SPECTRANETICS CORP	$0	–	-52,026	–	-0.48%	–
AMGN	Exit	AMGEN INC	$0	–	-7,858	–	-0.49%	–
NVRO	Exit	NEVRO CORP	$0	–	-12,584	–	-0.49%	–
NSTG	Exit	NANOSTRING TECHNOLOGIES INC	$0	–	-69,574	–	-0.52%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-15,100	–	-0.52%	–
OXFD	Exit	OXFORD IMMUNOTEC GLOBAL PLC	$0	–	-111,655	–	-0.52%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-30,585	–	-0.53%	–
LHCG	Exit	LHC GROUP INC	$0	–	-42,700	–	-0.58%	–
CNMD	Exit	CONMED CORP	$0	–	-39,500	–	-0.59%	–
AERI	Exit	AERIE PHARMACEUTICALS INC	$0	–	-42,030	–	-0.59%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-20,810	–	-0.61%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-16,900	–	-0.74%	–
ENDP	Exit	ENDO INTL PLC	$0	–	-108,696	–	-0.81%	–
	Exit	FLUIDIGM CORP DELnote 2.750% 2/0	$0	–	-4,161,000	–	-0.93%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-29,683	–	-0.98%	–
AMAG	Exit	AMAG PHARMACEUTICALS INC	$0	–	-114,980	–	-1.04%	–
CRL	Exit	CHARLES RIV LABS INTL INC	$0	–	-35,788	–	-1.11%	–
VWR	Exit	VWR CORP	$0	–	-107,422	–	-1.13%	–
AKRXQ	Exit	AKORN INC	$0	–	-114,100	–	-1.15%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-20,686	–	-1.22%	–
MYL	Exit	MYLAN N V	$0	–	-90,974	–	-1.28%	–
CELG	Exit	CELGENE CORP	$0	–	-33,480	–	-1.30%	–
BCR	Exit	BARD C R INC	$0	–	-15,827	–	-1.32%	–
CI	Exit	CIGNA CORPORATION	$0	–	-27,950	–	-1.35%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-29,212	–	-1.49%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-32,214	–	-1.55%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-57,400	–	-1.61%	–
WMGI	Exit	WRIGHT MED GROUP N V	$0	–	-189,578	–	-1.72%	–
DVA	Exit	DAVITA INC	$0	–	-79,339	–	-1.94%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-76,827	–	-2.01%	–
BIIB	Exit	BIOGEN INC	$0	–	-17,432	–	-2.02%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-69,965	–	-2.10%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-90,688	–	-2.25%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-133,433	–	-2.28%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-258,298	–	-2.28%	–
MCK	Exit	MCKESSON CORP	$0	–	-46,272	–	-2.86%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-96,464	–	-2.88%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-59,056	–	-3.06%	–
SYK	Exit	STRYKER CORP	$0	–	-71,665	–	-3.09%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-120,674	–	-3.12%	–
HOLX	Exit	HOLOGIC INC	$0	–	-222,558	–	-3.20%	–
STJ	Exit	ST JUDE MED INC	$0	–	-109,048	–	-3.22%	–
AET	Exit	AETNA INC NEW	$0	–	-83,665	–	-3.58%	–
HLS	Exit	HEALTHSOUTH CORP	$0	–	-242,704	–	-3.65%	–
AMSG	Exit	AMSURG CORP	$0	–	-147,500	–	-3.67%	–
ABT	Exit	ABBOTT LABS	$0	–	-246,608	–	-3.86%	–
AGN	Exit	ALLERGAN PLC	$0	–	-60,800	–	-5.19%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-95,546	–	-6.86%	–

Q3 2016

			Value		Shares		↓ Weighting
SHPG	Buy	SHIRE PLCsponsored adr	$18,523,000	+28.4%	95,546	+21.9%	6.86%	+42.3%
AGN	Sell	ALLERGAN PLC	$14,003,000	-17.1%	60,800	-16.8%	5.19%	-8.1%
ABT	Sell	ABBOTT LABS	$10,429,000	-13.7%	246,608	-19.8%	3.86%	-4.4%
AMSG	New	AMSURG CORP	$9,890,000	–	147,500	–	3.67%	–
HLS	Sell	HEALTHSOUTH CORP	$9,847,000	-30.8%	242,704	-33.8%	3.65%	-23.3%
AET	Sell	AETNA INC NEW	$9,659,000	-16.0%	83,665	-11.1%	3.58%	-6.8%
STJ	Sell	ST JUDE MED INC	$8,698,000	-8.1%	109,048	-10.1%	3.22%	+2.0%
HOLX	Buy	HOLOGIC INC	$8,642,000	+48.5%	222,558	+32.3%	3.20%	+64.7%
MNKKQ	Sell	MALLINCKRODT PUB LTD CO	$8,421,000	-41.0%	120,674	-48.6%	3.12%	-34.6%
SYK	Buy	STRYKER CORP	$8,343,000	+56.6%	71,665	+61.2%	3.09%	+73.6%
UNH	Buy	UNITEDHEALTH GROUP INC	$8,268,000	+15.7%	59,056	+16.7%	3.06%	+28.3%
WBA	Buy	WALGREENS BOOTS ALLIANCE INC	$7,777,000	+19.3%	96,464	+23.2%	2.88%	+32.2%
MCK	Sell	MCKESSON CORP	$7,716,000	-41.5%	46,272	-34.5%	2.86%	-35.1%
BSX	Sell	BOSTON SCIENTIFIC CORP	$6,147,000	-28.3%	258,298	-29.6%	2.28%	-20.5%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDadr	$6,139,000	-47.0%	133,433	-42.1%	2.28%	-41.2%
CNC	Sell	CENTENE CORP DEL	$6,072,000	-16.6%	90,688	-11.1%	2.25%	-7.5%
ABC	Buy	AMERISOURCEBERGEN CORP	$5,652,000	+46.6%	69,965	+44.0%	2.10%	+62.5%
BIIB	Sell	BIOGEN INC	$5,457,000	+9.9%	17,432	-15.1%	2.02%	+21.9%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$5,419,000	+157.8%	76,827	+177.1%	2.01%	+185.8%
DVA	Buy	DAVITA INC	$5,242,000	+25.8%	79,339	+47.2%	1.94%	+39.5%
WMGI	Sell	WRIGHT MED GROUP N V	$4,650,000	-53.2%	189,578	-66.9%	1.72%	-48.1%
HCA	Buy	HCA HOLDINGS INC	$4,341,000	+305.3%	57,400	+312.6%	1.61%	+349.4%
ZBH	Buy	ZIMMER BIOMET HLDGS INC	$4,188,000	+11.5%	32,214	+3.2%	1.55%	+23.7%
LH	Sell	LABORATORY CORP AMER HLDGS	$4,016,000	-35.0%	29,212	-38.4%	1.49%	-27.9%
CI	Buy	CIGNA CORPORATION	$3,642,000	+596.4%	27,950	+583.5%	1.35%	+671.4%
BCR	Buy	BARD C R INC	$3,550,000	+834.2%	15,827	+878.2%	1.32%	+936.2%
CELG	Buy	CELGENE CORP	$3,500,000	+55.1%	33,480	+46.3%	1.30%	+72.0%
MYL	Buy	MYLAN N V	$3,468,000	+113.7%	90,974	+142.4%	1.28%	+136.6%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$3,290,000	-56.9%	20,686	-60.0%	1.22%	-52.3%
AKRXQ	New	AKORN INC	$3,110,000	–	114,100	–	1.15%	–
VWR	Buy	VWR CORP	$3,046,000	+28.4%	107,422	+30.9%	1.13%	+42.4%
CRL	Sell	CHARLES RIV LABS INTL INC	$2,983,000	-9.7%	35,788	-10.7%	1.11%	+0.1%
AMAG	Buy	AMAG PHARMACEUTICALS INC	$2,818,000	+62.8%	114,980	+58.9%	1.04%	+80.3%
CVS	Buy	CVS HEALTH CORP	$2,641,000	+142.3%	29,683	+160.7%	0.98%	+169.0%
	Sell	FLUIDIGM CORP DELnote 2.750% 2/0	$2,517,000	-42.2%	4,161,000	-42.7%	0.93%	-35.9%
ENDP	New	ENDO INTL PLC	$2,190,000	–	108,696	–	0.81%	–
JNJ	Sell	JOHNSON & JOHNSON	$1,996,000	-32.8%	16,900	-31.0%	0.74%	-25.5%
GILD	Sell	GILEAD SCIENCES INC	$1,646,000	-29.1%	20,810	-25.2%	0.61%	-21.3%
AERI	Buy	AERIE PHARMACEUTICALS INC	$1,586,000	+169.7%	42,030	+25.8%	0.59%	+198.5%
CNMD	New	CONMED CORP	$1,582,000	–	39,500	–	0.59%	–
LHCG	Sell	LHC GROUP INC	$1,575,000	-49.6%	42,700	-40.9%	0.58%	-44.1%
A	Sell	AGILENT TECHNOLOGIES INC	$1,440,000	-64.1%	30,585	-66.2%	0.53%	-60.2%
OXFD	New	OXFORD IMMUNOTEC GLOBAL PLC	$1,402,000	–	111,655	–	0.52%	–
PRGO	Buy	PERRIGO CO PLC	$1,394,000	+102.3%	15,100	+98.7%	0.52%	+124.8%
NSTG	Sell	NANOSTRING TECHNOLOGIES INC	$1,390,000	-46.8%	69,574	-66.5%	0.52%	-41.1%
NVRO	Sell	NEVRO CORP	$1,314,000	-57.1%	12,584	-69.7%	0.49%	-52.4%
AMGN	Sell	AMGEN INC	$1,311,000	-67.2%	7,858	-70.1%	0.49%	-63.7%
SPNC	Sell	SPECTRANETICS CORP	$1,305,000	-71.4%	52,026	-78.6%	0.48%	-68.2%
CTLT	Buy	CATALENT INC	$1,189,000	+28.0%	46,000	+13.9%	0.44%	+41.8%
HRC	Sell	HILL ROM HLDGS INC	$1,190,000	-33.7%	19,200	-46.1%	0.44%	-26.5%
XRAY	New	DENTSPLY SIRONA INC	$1,123,000	–	18,900	–	0.42%	–
FVE	Buy	FIVE STAR QUALITY CARE INC	$1,098,000	-4.6%	575,076	+16.9%	0.41%	+5.7%
BKD	Sell	BROOKDALE SR LIVING INC	$1,031,000	-47.5%	59,070	-53.5%	0.38%	-41.8%
ANTM	Sell	ANTHEM INC	$981,000	-70.3%	7,829	-68.9%	0.36%	-67.0%
GI	Sell	ENDOCHOICE HLDGS INC	$971,000	+17.1%	121,663	-28.1%	0.36%	+30.0%
UHS	Sell	UNIVERSAL HLTH SVCS INCcl b	$820,000	-86.1%	6,657	-84.8%	0.30%	-84.6%
MDCO	New	MEDICINES CO	$777,000	–	20,600	–	0.29%	–
CSLT	Buy	CASTLIGHT HEALTH INCcl b	$769,000	+150.5%	184,826	+138.3%	0.28%	+176.7%
TNDM	Sell	TANDEM DIABETES CARE INC	$726,000	-58.3%	94,812	-58.9%	0.27%	-53.7%
BBH	Sell	VANECK VECTORS ETF TRbiotech etf	$709,000	-57.5%	6,150	-62.3%	0.26%	-52.9%
CAH	New	CARDINAL HEALTH INC	$707,000	–	9,100	–	0.26%	–
PRXL	New	PAREXEL INTL CORP	$701,000	–	10,100	–	0.26%	–
STE	Sell	STERIS PLC	$694,000	-70.0%	9,500	-71.8%	0.26%	-66.8%
NVLS	Buy	NIVALIS THERAPEUTICS INC	$694,000	+129.0%	85,412	+29.8%	0.26%	+154.5%
EXEL	New	EXELIXIS INC	$643,000	–	50,300	–	0.24%	–
ALDR	Buy	ALDER BIOPHARMACEUTICALS INC	$639,000	+160.8%	19,500	+99.0%	0.24%	+189.0%
ILMN	Sell	ILLUMINA INC	$630,000	+16.0%	3,470	-10.3%	0.23%	+28.6%
NBIX	Sell	NEUROCRINE BIOSCIENCES INC	$618,000	-3.6%	12,200	-13.5%	0.23%	+7.0%
KERX	New	KERYX BIOPHARMACEUTICALS INC	$616,000	–	116,000	–	0.23%	–
VRX	Sell	VALEANT PHARMACEUTICALS INTL	$550,000	-31.9%	22,400	-44.1%	0.20%	-24.4%
PEN	Sell	PENUMBRA INC	$547,000	-45.6%	7,200	-57.4%	0.20%	-39.6%
KITE	New	KITE PHARMA INC	$547,000	–	9,800	–	0.20%	–
INCY	Sell	INCYTE CORP	$471,000	-29.1%	5,000	-39.8%	0.18%	-21.2%
HZNP	Sell	HORIZON PHARMA PLC	$472,000	-49.2%	26,040	-53.9%	0.18%	-43.7%
NLNK	Sell	NEWLINK GENETICS CORP	$447,000	-36.5%	29,791	-52.3%	0.17%	-29.4%
VRTX	Sell	VERTEX PHARMACEUTICALS INC	$449,000	-16.5%	5,150	-17.6%	0.17%	-7.8%
BAX	Sell	BAXTER INTL INC	$396,000	-56.0%	8,309	-58.3%	0.15%	-51.2%
	Sell	TRILLIUM THERAPEUTICS INC	$361,000	+47.3%	24,400	-10.6%	0.13%	+63.4%
ONCE	New	SPARK THERAPEUTICS INC	$348,000	–	5,800	–	0.13%	–
TSRO	New	TESARO INC	$341,000	–	3,400	–	0.13%	–
BDX	Sell	BECTON DICKINSON & CO	$341,000	-93.1%	1,900	-93.5%	0.13%	-92.4%
RDUS	Sell	RADIUS HEALTH INC	$341,000	+13.3%	6,300	-23.2%	0.13%	+24.8%
RXDX	Buy	IGNYTA INC	$328,000	+200.9%	52,200	+158.4%	0.12%	+238.9%
MRK	New	MERCK & CO INC	$318,000	–	5,100	–	0.12%	–
FOLD	New	AMICUS THERAPEUTICS INC	$317,000	–	42,900	–	0.12%	–
RIGL	New	RIGEL PHARMACEUTICALS INC	$310,000	–	84,443	–	0.12%	–
ANIP	New	ANI PHARMACEUTICALS INC	$305,000	–	4,600	–	0.11%	–
CLVS	New	CLOVIS ONCOLOGY INC	$299,000	–	8,300	–	0.11%	–
CHRS	New	COHERUS BIOSCIENCES INC	$225,000	–	8,400	–	0.08%	–
RGNX	New	REGENXBIO INC	$168,000	–	12,026	–	0.06%	–
RAD	Sell	RITE AID CORP	$136,000	-70.0%	17,700	-70.8%	0.05%	-67.1%
ARRY	New	ARRAY BIOPHARMA INC	$68,000	–	10,000	–	0.02%	–
PMC	Exit	PHARMERICA CORP	$0	–	-9,390	–	-0.08%	–
ARA	Exit	AMERICAN RENAL ASSOCIATES HO	$0	–	-8,500	–	-0.08%	–
HUM	Exit	HUMANA INC	$0	–	-1,798	–	-0.11%	–
MTD	Exit	METTLER TOLEDO INTERNATIONAL	$0	–	-1,100	–	-0.13%	–
HWAY	Exit	HEALTHWAYS INC	$0	–	-60,016	–	-0.23%	–
AMPH	Exit	AMPHASTAR PHARMACEUTICALS IN	$0	–	-48,825	–	-0.26%	–
SSRG	Exit	SYMMETRY SURGICAL INC	$0	–	-61,819	–	-0.27%	–
WAT	Exit	WATERS CORP	$0	–	-6,200	–	-0.29%	–
PFE	Exit	PFIZER INC	$0	–	-32,100	–	-0.38%	–
EVHC	Exit	ENVISION HEALTHCARE HLDGS IN	$0	–	-45,149	–	-0.38%	–
MD	Exit	MEDNAX INC	$0	–	-17,000	–	-0.41%	–
NTUS	Exit	NATUS MEDICAL INC DEL	$0	–	-48,400	–	-0.61%	–
SRCL	Exit	STERICYCLE INC	$0	–	-22,200	–	-0.77%	–
FLDM	Exit	FLUIDIGM CORP DEL	$0	–	-256,490	–	-0.77%	–

Q2 2016

			Value		Shares		↓ Weighting
AGN	New	ALLERGAN PLC	$16,893,000	–	73,100	–	5.65%	–
SHPG	New	SHIRE PLCsponsored adr	$14,431,000	–	78,396	–	4.82%	–
MNKKQ	New	MALLINCKRODT PUB LTD CO	$14,267,000	–	234,729	–	4.77%	–
HLS	New	HEALTHSOUTH CORP	$14,228,000	–	366,513	–	4.76%	–
MCK	New	MCKESSON CORP	$13,185,000	–	70,638	–	4.41%	–
ABT	New	ABBOTT LABS	$12,088,000	–	307,502	–	4.04%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$11,580,000	–	230,533	–	3.87%	–
AET	New	AETNA INC NEW	$11,494,000	–	94,115	–	3.84%	–
WMGI	New	WRIGHT MED GROUP N V	$9,936,000	–	572,028	–	3.32%	–
STJ	New	ST JUDE MED INC	$9,460,000	–	121,282	–	3.16%	–
BSX	New	BOSTON SCIENTIFIC CORP	$8,577,000	–	366,998	–	2.87%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,637,000	–	51,686	–	2.55%	–
CNC	New	CENTENE CORP DEL	$7,282,000	–	102,038	–	2.43%	–
UNH	New	UNITEDHEALTH GROUP INC	$7,146,000	–	50,606	–	2.39%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$6,521,000	–	78,314	–	2.18%	–
LH	New	LABORATORY CORP AMER HLDGS	$6,176,000	–	47,412	–	2.06%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$5,888,000	–	43,907	–	1.97%	–
HOLX	New	HOLOGIC INC	$5,820,000	–	168,208	–	1.94%	–
SYK	New	STRYKER CORP	$5,328,000	–	44,465	–	1.78%	–
BIIB	New	BIOGEN INC	$4,965,000	–	20,532	–	1.66%	–
BDX	New	BECTON DICKINSON & CO	$4,962,000	–	29,259	–	1.66%	–
SPNC	New	SPECTRANETICS CORP	$4,558,000	–	243,626	–	1.52%	–
	New	FLUIDIGM CORP DELnote 2.750% 2/0	$4,357,000	–	7,261,000	–	1.46%	–
DVA	New	DAVITA HEALTHCARE PARTNERS I	$4,167,000	–	53,889	–	1.39%	–
A	New	AGILENT TECHNOLOGIES INC	$4,014,000	–	90,485	–	1.34%	–
AMGN	New	AMGEN INC	$4,002,000	–	26,300	–	1.34%	–
ABC	New	AMERISOURCEBERGEN CORP	$3,855,000	–	48,600	–	1.29%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$3,756,000	–	31,205	–	1.26%	–
CRL	New	CHARLES RIV LABS INTL INC	$3,305,000	–	40,088	–	1.10%	–
ANTM	New	ANTHEM INC	$3,304,000	–	25,154	–	1.10%	–
LHCG	New	LHC GROUP INC	$3,125,000	–	72,200	–	1.04%	–
NVRO	New	NEVRO CORP	$3,060,000	–	41,484	–	1.02%	–
JNJ	New	JOHNSON & JOHNSON	$2,972,000	–	24,500	–	0.99%	–
NSTG	New	NANOSTRING TECHNOLOGIES INC	$2,614,000	–	207,468	–	0.87%	–
VWR	New	VWR CORP	$2,372,000	–	82,089	–	0.79%	–
GILD	New	GILEAD SCIENCES INC	$2,320,000	–	27,810	–	0.78%	–
STE	New	STERIS PLC	$2,317,000	–	33,700	–	0.77%	–
FLDM	New	FLUIDIGM CORP DEL	$2,316,000	–	256,490	–	0.77%	–
SRCL	New	STERICYCLE INC	$2,311,000	–	22,200	–	0.77%	–
CELG	New	CELGENE CORP	$2,257,000	–	22,880	–	0.75%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$2,102,000	–	27,727	–	0.70%	–
BKD	New	BROOKDALE SR LIVING INC	$1,963,000	–	127,120	–	0.66%	–
NTUS	New	NATUS MEDICAL INC DEL	$1,830,000	–	48,400	–	0.61%	–
HRC	New	HILL ROM HLDGS INC	$1,796,000	–	35,600	–	0.60%	–
TNDM	New	TANDEM DIABETES CARE INC	$1,739,000	–	230,671	–	0.58%	–
AMAG	New	AMAG PHARMACEUTICALS INC	$1,731,000	–	72,380	–	0.58%	–
BBH	New	VANECK VECTORS ETF TRbiotech etf	$1,668,000	–	16,300	–	0.56%	–
MYL	New	MYLAN N V	$1,623,000	–	37,524	–	0.54%	–
MD	New	MEDNAX INC	$1,231,000	–	17,000	–	0.41%	–
FVE	New	FIVE STAR QUALITY CARE INC	$1,151,000	–	492,089	–	0.38%	–
EVHC	New	ENVISION HEALTHCARE HLDGS IN	$1,145,000	–	45,149	–	0.38%	–
PFE	New	PFIZER INC	$1,130,000	–	32,100	–	0.38%	–
CVS	New	CVS HEALTH CORP	$1,090,000	–	11,385	–	0.36%	–
HCA	New	HCA HOLDINGS INC	$1,071,000	–	13,911	–	0.36%	–
PEN	New	PENUMBRA INC	$1,006,000	–	16,900	–	0.34%	–
CTLT	New	CATALENT INC	$929,000	–	40,400	–	0.31%	–
HZNP	New	HORIZON PHARMA PLC	$930,000	–	56,440	–	0.31%	–
BAX	New	BAXTER INTL INC	$900,000	–	19,909	–	0.30%	–
WAT	New	WATERS CORP	$872,000	–	6,200	–	0.29%	–
GI	New	ENDOCHOICE HLDGS INC	$829,000	–	169,163	–	0.28%	–
SSRG	New	SYMMETRY SURGICAL INC	$812,000	–	61,819	–	0.27%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$808,000	–	40,100	–	0.27%	–
AMPH	New	AMPHASTAR PHARMACEUTICALS IN	$787,000	–	48,825	–	0.26%	–
DERM	New	DERMIRA INC	$766,000	–	26,188	–	0.26%	–
PARNF	New	PARNELL PHARMACEUT HLDGS LTD	$732,000	–	448,802	–	0.24%	–
NLNK	New	NEWLINK GENETICS CORP	$704,000	–	62,491	–	0.24%	–
HWAY	New	HEALTHWAYS INC	$693,000	–	60,016	–	0.23%	–
PRGO	New	PERRIGO CO PLC	$689,000	–	7,600	–	0.23%	–
INCY	New	INCYTE CORP	$664,000	–	8,300	–	0.22%	–
NBIX	New	NEUROCRINE BIOSCIENCES INC	$641,000	–	14,100	–	0.21%	–
AERI	New	AERIE PHARMACEUTICALS INC	$588,000	–	33,400	–	0.20%	–
ILMN	New	ILLUMINA INC	$543,000	–	3,870	–	0.18%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$538,000	–	6,250	–	0.18%	–
CI	New	CIGNA CORPORATION	$523,000	–	4,089	–	0.18%	–
RAD	New	RITE AID CORP	$454,000	–	60,600	–	0.15%	–
MTD	New	METTLER TOLEDO INTERNATIONAL	$401,000	–	1,100	–	0.13%	–
BCR	New	BARD C R INC	$380,000	–	1,618	–	0.13%	–
PCRX	New	PACIRA PHARMACEUTICALS INC	$354,000	–	10,500	–	0.12%	–
HUM	New	HUMANA INC	$323,000	–	1,798	–	0.11%	–
CSLT	New	CASTLIGHT HEALTH INCcl b	$307,000	–	77,558	–	0.10%	–
RDUS	New	RADIUS HEALTH INC	$301,000	–	8,200	–	0.10%	–
NVLS	New	NIVALIS THERAPEUTICS INC	$303,000	–	65,783	–	0.10%	–
	New	TRILLIUM THERAPEUTICS INC	$245,000	–	27,300	–	0.08%	–
ARA	New	AMERICAN RENAL ASSOCIATES HO	$246,000	–	8,500	–	0.08%	–
ALDR	New	ALDER BIOPHARMACEUTICALS INC	$245,000	–	9,800	–	0.08%	–
PMC	New	PHARMERICA CORP	$232,000	–	9,390	–	0.08%	–
OCRX	New	OCERA THERAPEUTICS INC	$196,000	–	103,142	–	0.07%	–
RXDX	New	IGNYTA INC	$109,000	–	20,200	–	0.04%	–

Q4 2015

			Value		Shares		↓ Weighting
BDSI	Exit	BIODELIVERY SCIENCES INTL IN	$0	–	-23,500	–	-0.04%	–
SNSS	Exit	SUNESIS PHARMACEUTICALS INC	$0	–	-192,900	–	-0.05%	–
HTWR	Exit	HEARTWARE INTL INC	$0	–	-4,000	–	-0.07%	–
RAD	Exit	RITE AID CORP	$0	–	-39,500	–	-0.08%	–
ACAD	Exit	ACADIA PHARMACEUTICALS INC	$0	–	-9,700	–	-0.11%	–
HOLX	Exit	HOLOGIC INC	$0	–	-8,400	–	-0.11%	–
PTLA	Exit	PORTOLA PHARMACEUTICALS INC	$0	–	-8,700	–	-0.12%	–
EW	Exit	EDWARDS LIFESCIENCES CORP	$0	–	-2,700	–	-0.13%	–
NVLS	Exit	NIVALIS THERAPEUTICS INC	$0	–	-30,284	–	-0.13%	–
CRL	Exit	CHARLES RIV LABS INTL INC	$0	–	-6,500	–	-0.14%	–
TRNX	Exit	TORNIER N V	$0	–	-23,468	–	-0.16%	–
OCRX	Exit	OCERA THERAPEUTICS INC	$0	–	-177,121	–	-0.19%	–
PTCT	Exit	PTC THERAPEUTICS INC	$0	–	-23,000	–	-0.20%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-34,500	–	-0.26%	–
HWAY	Exit	HEALTHWAYS INC	$0	–	-74,900	–	-0.28%	–
ELOS	Exit	SYNERON MEDICAL LTD	$0	–	-119,545	–	-0.28%	–
ABBV	Exit	ABBVIE INC	$0	–	-16,400	–	-0.30%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-26,065	–	-0.30%	–
SSRG	Exit	SYMMETRY SURGICAL INC	$0	–	-124,804	–	-0.37%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-2,400	–	-0.37%	–
KTWO	Exit	K2M GROUP HLDGS INC	$0	–	-63,433	–	-0.39%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-15,700	–	-0.40%	–
KMPH	Exit	KEMPHARM INC	$0	–	-62,734	–	-0.41%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-12,904	–	-0.41%	–
JAZZ	Exit	JAZZ PHARMACEUTICALS PLC	$0	–	-10,500	–	-0.47%	–
AMPH	Exit	AMPHASTAR PHARMACEUTICALS IN	$0	–	-123,259	–	-0.48%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS I	$0	–	-20,100	–	-0.48%	–
PARNF	Exit	PARNELL PHARMACEUT HLDGS LTD	$0	–	-433,866	–	-0.50%	–
MCK	Exit	MCKESSON CORP	$0	–	-9,169	–	-0.57%	–
XRAY	Exit	DENTSPLY INTL INC NEW	$0	–	-34,162	–	-0.58%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-8,900	–	-0.61%	–
TNDM	Exit	TANDEM DIABETES CARE INC	$0	–	-210,092	–	-0.62%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEW	$0	–	-43,500	–	-0.62%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-11,500	–	-0.68%	–
AMGN	Exit	AMGEN INC	$0	–	-15,800	–	-0.73%	–
CELG	Exit	CELGENE CORP	$0	–	-21,100	–	-0.76%	–
HZNP	Exit	HORIZON PHARMA PLC	$0	–	-120,700	–	-0.80%	–
GI	Exit	ENDOCHOICE HLDGS INC	$0	–	-219,686	–	-0.83%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-26,700	–	-0.93%	–
CSLT	Exit	CASTLIGHT HEALTH INCcl b	$0	–	-718,208	–	-1.01%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-31,000	–	-1.02%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-33,700	–	-1.06%	–
HMSY	Exit	HMS HLDGS CORP	$0	–	-379,863	–	-1.11%	–
CI	Exit	CIGNA CORPORATION	$0	–	-25,300	–	-1.14%	–
PKI	Exit	PERKINELMER INC	$0	–	-78,100	–	-1.20%	–
KND	Exit	KINDRED HEALTHCARE INC	$0	–	-230,900	–	-1.21%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-33,992	–	-1.23%	–
BCR	Exit	BARD C R INC	$0	–	-19,899	–	-1.24%	–
AMAG	Exit	AMAG PHARMACEUTICALS INC	$0	–	-94,100	–	-1.25%	–
HUM	Exit	HUMANA INC	$0	–	-21,798	–	-1.30%	–
BIIB	Exit	BIOGEN INC	$0	–	-13,612	–	-1.33%	–
FLDM	Exit	FLUIDIGM CORP DEL	$0	–	-497,768	–	-1.35%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-254,700	–	-1.40%	–
MYL	Exit	MYLAN N V	$0	–	-108,100	–	-1.45%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-81,364	–	-1.47%	–
HLS	Exit	HEALTHSOUTH CORP	$0	–	-121,300	–	-1.55%	–
ABT	Exit	ABBOTT LABS	$0	–	-116,605	–	-1.57%	–
BXLT	Exit	BAXALTA INC	$0	–	-149,700	–	-1.58%	–
NVRO	Exit	NEVRO CORP	$0	–	-105,300	–	-1.63%	–
FVE	Exit	FIVE STAR QUALITY CARE INC	$0	–	-1,608,023	–	-1.66%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-59,900	–	-1.87%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-76,187	–	-2.06%	–
SPNC	Exit	SPECTRANETICS CORP	$0	–	-563,650	–	-2.22%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-104,318	–	-2.33%	–
UHS	Exit	UNIVERSAL HLTH SVCS INCcl b	$0	–	-57,475	–	-2.40%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-104,025	–	-2.69%	–
SYK	Exit	STRYKER CORP	$0	–	-90,286	–	-2.84%	–
GMED	Exit	GLOBUS MED INCcl a	$0	–	-453,729	–	-3.13%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-84,800	–	-3.28%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-159,009	–	-3.40%	–
AET	Exit	AETNA INC NEW	$0	–	-100,850	–	-3.68%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-240,405	–	-3.96%	–
AGN	Exit	ALLERGAN PLC	$0	–	-45,566	–	-4.14%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-233,100	–	-4.39%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-107,493	–	-4.76%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-121,574	–	-4.96%	–
STJ	Exit	ST JUDE MED INC	$0	–	-245,526	–	-5.17%	–

Q3 2015

			Value		Shares		↓ Weighting
STJ	Buy	ST JUDE MED INC	$15,490,000	+29.7%	245,526	+50.2%	5.17%	+46.8%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$14,866,000	+5.2%	121,574	+11.6%	4.96%	+19.0%
BDX	Sell	BECTON DICKINSON & CO	$14,260,000	-24.8%	107,493	-19.7%	4.76%	-14.9%
TEVA	Buy	TEVA PHARMACEUTICAL INDS LTDadr	$13,161,000	+18.0%	233,100	+23.5%	4.39%	+33.4%
AGN	Sell	ALLERGAN PLC	$12,385,000	-29.8%	45,566	-21.7%	4.14%	-20.6%
MRK	Buy	MERCK & CO INC NEW	$11,874,000	+3.1%	240,405	+18.8%	3.96%	+16.7%
AET	Buy	AETNA INC NEW	$11,034,000	+283.9%	100,850	+347.2%	3.68%	+334.4%
MNKKQ	Buy	MALLINCKRODT PUB LTD CO	$10,167,000	+1268.4%	159,009	+2420.4%	3.40%	+1450.2%
UNH	Buy	UNITEDHEALTH GROUP INC	$9,838,000	+0.3%	84,800	+5.5%	3.28%	+13.5%
GMED	Sell	GLOBUS MED INCcl a	$9,374,000	-33.0%	453,729	-16.7%	3.13%	-24.2%
SYK	Buy	STRYKER CORP	$8,496,000	+72.8%	90,286	+75.5%	2.84%	+95.5%
HCA	Buy	HCA HOLDINGS INC	$8,047,000	+30.3%	104,025	+52.8%	2.69%	+47.4%
UHS	Sell	UNIVERSAL HLTH SVCS INCcl b	$7,173,000	-35.8%	57,475	-26.9%	2.40%	-27.3%
MDT	Sell	MEDTRONIC PLC	$6,983,000	-25.2%	104,318	-17.2%	2.33%	-15.4%
SPNC	Buy	SPECTRANETICS CORP	$6,645,000	+41.2%	563,650	+175.6%	2.22%	+59.8%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$6,168,000	+48.5%	76,187	+63.1%	2.06%	+67.9%
JNJ	Sell	JOHNSON & JOHNSON	$5,592,000	-27.0%	59,900	-23.8%	1.87%	-17.4%
FVE	Buy	FIVE STAR QUALITY CARE INC	$4,969,000	+15.9%	1,608,023	+80.0%	1.66%	+31.1%
NVRO	Buy	NEVRO CORP	$4,885,000	+527.1%	105,300	+626.2%	1.63%	+609.1%
BXLT	New	BAXALTA INC	$4,717,000	–	149,700	–	1.58%	–
ABT	Buy	ABBOTT LABS	$4,690,000	+327.5%	116,605	+421.7%	1.57%	+383.3%
HLS	New	HEALTHSOUTH CORP	$4,654,000	–	121,300	–	1.55%	–
CNC	New	CENTENE CORP DEL	$4,412,000	–	81,364	–	1.47%	–
MYL	Buy	MYLAN N V	$4,352,000	+99.8%	108,100	+236.8%	1.45%	+126.0%
BSX	Buy	BOSTON SCIENTIFIC CORP	$4,180,000	+62.8%	254,700	+75.5%	1.40%	+84.2%
FLDM	Buy	FLUIDIGM CORP DEL	$4,037,000	+336.9%	497,768	+1203.1%	1.35%	+393.8%
BIIB	Sell	BIOGEN INC	$3,972,000	-30.3%	13,612	-3.5%	1.33%	-21.2%
HUM	Buy	HUMANA INC	$3,902,000	+83.8%	21,798	+96.4%	1.30%	+108.1%
AMAG	New	AMAG PHARMACEUTICALS INC	$3,739,000	–	94,100	–	1.25%	–
BCR	Sell	BARD C R INC	$3,707,000	-70.0%	19,899	-72.5%	1.24%	-66.0%
LH	Sell	LABORATORY CORP AMER HLDGS	$3,687,000	-74.0%	33,992	-70.9%	1.23%	-70.6%
KND	Buy	KINDRED HEALTHCARE INC	$3,637,000	+36.3%	230,900	+75.6%	1.21%	+54.3%
PKI	New	PERKINELMER INC	$3,589,000	–	78,100	–	1.20%	–
CI	Buy	CIGNA CORPORATION	$3,416,000	+72.9%	25,300	+107.4%	1.14%	+95.7%
HMSY	New	HMS HLDGS CORP	$3,331,000	–	379,863	–	1.11%	–
ZBH	Buy	ZIMMER BIOMET HLDGS INC	$3,165,000	+16.4%	33,700	+35.3%	1.06%	+31.6%
GILD	Sell	GILEAD SCIENCES INC	$3,044,000	-52.6%	31,000	-43.4%	1.02%	-46.3%
CSLT	Buy	CASTLIGHT HEALTH INCcl b	$3,016,000	+13.6%	718,208	+120.2%	1.01%	+28.6%
VRTX	Sell	VERTEX PHARMACEUTICALS INC	$2,781,000	-31.5%	26,700	-18.8%	0.93%	-22.5%
GI	Sell	ENDOCHOICE HLDGS INC	$2,496,000	-53.5%	219,686	-33.1%	0.83%	-47.4%
HZNP	New	HORIZON PHARMA PLC	$2,392,000	–	120,700	–	0.80%	–
CELG	Buy	CELGENE CORP	$2,282,000	-3.6%	21,100	+3.1%	0.76%	+9.0%
AMGN	Buy	AMGEN INC	$2,185,000	+54.7%	15,800	+71.7%	0.73%	+75.1%
VRX	Sell	VALEANT PHARMACEUTICALS INTL	$2,051,000	-54.1%	11,500	-42.8%	0.68%	-48.0%
CYH	New	COMMUNITY HEALTH SYS INC NEW	$1,860,000	–	43,500	–	0.62%	–
TNDM	Sell	TANDEM DIABETES CARE INC	$1,851,000	-62.2%	210,092	-53.4%	0.62%	-57.2%
SHPG	New	SHIRE PLCsponsored adr	$1,827,000	–	8,900	–	0.61%	–
XRAY	Sell	DENTSPLY INTL INC NEW	$1,728,000	-64.2%	34,162	-63.5%	0.58%	-59.5%
MCK	Sell	MCKESSON CORP	$1,697,000	-66.8%	9,169	-59.7%	0.57%	-62.4%
PARNF	Buy	PARNELL PHARMACEUT HLDGS LTD	$1,492,000	-26.0%	433,866	+6.6%	0.50%	-16.3%
DVA	Buy	DAVITA HEALTHCARE PARTNERS I	$1,454,000	+0.6%	20,100	+10.4%	0.48%	+13.6%
AMPH	Sell	AMPHASTAR PHARMACEUTICALS IN	$1,441,000	-38.6%	123,259	-7.7%	0.48%	-30.6%
JAZZ	Sell	JAZZ PHARMACEUTICALS PLC	$1,395,000	-28.0%	10,500	-4.5%	0.47%	-18.5%
ABC	Buy	AMERISOURCEBERGEN CORP	$1,226,000	-8.5%	12,904	+2.4%	0.41%	+3.5%
KMPH	Sell	KEMPHARM INC	$1,216,000	-54.6%	62,734	-56.9%	0.41%	-48.6%
CAH	New	CARDINAL HEALTH INC	$1,206,000	–	15,700	–	0.40%	–
KTWO	Sell	K2M GROUP HLDGS INC	$1,180,000	-59.5%	63,433	-47.6%	0.39%	-54.1%
REGN	New	REGENERON PHARMACEUTICALS	$1,116,000	–	2,400	–	0.37%	–
SSRG	Buy	SYMMETRY SURGICAL INC	$1,111,000	+46.0%	124,804	+43.0%	0.37%	+64.9%
A	Sell	AGILENT TECHNOLOGIES INC	$895,000	-63.6%	26,065	-59.1%	0.30%	-58.8%
ABBV	New	ABBVIE INC	$892,000	–	16,400	–	0.30%	–
ELOS	Sell	SYNERON MEDICAL LTD	$855,000	-75.6%	119,545	-63.8%	0.28%	-72.4%
HWAY	Buy	HEALTHWAYS INC	$833,000	+247.1%	74,900	+274.5%	0.28%	+291.5%
BKD	New	BROOKDALE SR LIVING INC	$792,000	–	34,500	–	0.26%	–
PTCT	Sell	PTC THERAPEUTICS INC	$614,000	-47.1%	23,000	-4.6%	0.20%	-40.1%
OCRX	Sell	OCERA THERAPEUTICS INC	$560,000	-36.2%	177,121	-23.4%	0.19%	-27.8%
TRNX	Sell	TORNIER N V	$479,000	-27.5%	23,468	-11.3%	0.16%	-17.9%
CRL	New	CHARLES RIV LABS INTL INC	$413,000	–	6,500	–	0.14%	–
NVLS	Sell	NIVALIS THERAPEUTICS INC	$393,000	-44.2%	30,284	-34.9%	0.13%	-37.0%
EW	Sell	EDWARDS LIFESCIENCES CORP	$384,000	-75.7%	2,700	-75.7%	0.13%	-72.6%
PTLA	New	PORTOLA PHARMACEUTICALS INC	$371,000	–	8,700	–	0.12%	–
HOLX	New	HOLOGIC INC	$329,000	–	8,400	–	0.11%	–
ACAD	Sell	ACADIA PHARMACEUTICALS INC	$321,000	-48.9%	9,700	-35.3%	0.11%	-42.2%
RAD	Sell	RITE AID CORP	$240,000	-75.6%	39,500	-66.4%	0.08%	-72.4%
HTWR	New	HEARTWARE INTL INC	$209,000	–	4,000	–	0.07%	–
SNSS	Sell	SUNESIS PHARMACEUTICALS INC	$156,000	-82.0%	192,900	-33.1%	0.05%	-79.7%
BDSI	Sell	BIODELIVERY SCIENCES INTL IN	$131,000	-94.4%	23,500	-92.0%	0.04%	-93.6%
ACOR	Exit	ACORDA THERAPEUTICS INC	$0	–	-9,600	–	-0.09%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-4,340	–	-0.11%	–
OCR	Exit	OMNICARE INC	$0	–	-4,145	–	-0.12%	–
PBYI	Exit	PUMA BIOTECHNOLOGY INC	$0	–	-3,700	–	-0.13%	–
PODD	Exit	INSULET CORP	$0	–	-14,150	–	-0.13%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC NEW	$0	–	-18,600	–	-0.14%	–
XENT	Exit	INTERSECT ENT INC	$0	–	-17,135	–	-0.14%	–
THOR	Exit	THORATEC CORP	$0	–	-11,400	–	-0.15%	–
GNMK	Exit	GENMARK DIAGNOSTICS INC	$0	–	-59,070	–	-0.16%	–
STRM	Exit	STREAMLINE HEALTH SOLUTIONS	$0	–	-199,638	–	-0.16%	–
PTX	Exit	PERNIX THERAPEUTICS HLDGS IN	$0	–	-98,500	–	-0.17%	–
BLUE	Exit	BLUEBIRD BIO INC	$0	–	-3,500	–	-0.17%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-10,700	–	-0.20%	–
CTLT	Exit	CATALENT INC	$0	–	-23,100	–	-0.20%	–
NBIX	Exit	NEUROCRINE BIOSCIENCES INC	$0	–	-14,900	–	-0.21%	–
ANAC	Exit	ANACOR PHARMACEUTICALS INC	$0	–	-9,300	–	-0.21%	–
GHDX	Exit	GENOMIC HEALTH INC	$0	–	-27,200	–	-0.22%	–
UHT	Exit	UNIVERSAL HEALTH RLTY INCM Tsh ben int	$0	–	-18,300	–	-0.25%	–
MDVN	Exit	MEDIVATION INC	$0	–	-7,717	–	-0.26%	–
AFFX	Exit	AFFYMETRIX INC	$0	–	-96,700	–	-0.31%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-11,700	–	-0.36%	–
NXTM	Exit	NXSTAGE MEDICAL INC	$0	–	-87,293	–	-0.37%	–
ILMN	Exit	ILLUMINA INC	$0	–	-6,244	–	-0.40%	–
AMSG	Exit	AMSURG CORP	$0	–	-19,759	–	-0.41%	–
TFX	Exit	TELEFLEX INC	$0	–	-11,900	–	-0.48%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-20,550	–	-0.52%	–
NSTG	Exit	NANOSTRING TECHNOLOGIES INC	$0	–	-175,961	–	-0.80%	–
QGEN	Exit	QIAGEN NV	$0	–	-129,300	–	-0.95%	–
BAX	Exit	BAXTER INTL INC	$0	–	-52,100	–	-1.08%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-42,200	–	-1.22%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-8,700	–	-1.24%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-73,700	–	-1.84%	–
ANTM	Exit	ANTHEM INC	$0	–	-40,675	–	-1.97%	–

Q2 2015

			Value		Shares		↓ Weighting
BDX	New	BECTON DICKINSON & CO	$18,961,000	–	133,860	–	5.60%	–
AGN	New	ALLERGAN PLC	$17,651,000	–	58,166	–	5.21%	–
LH	New	LABORATORY CORP AMER HLDGS	$14,182,000	–	116,992	–	4.18%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$14,137,000	–	108,950	–	4.17%	–
GMED	New	GLOBUS MED INCcl a	$13,986,000	–	544,839	–	4.13%	–
BCR	New	BARD C R INC	$12,341,000	–	72,299	–	3.64%	–
STJ	New	ST JUDE MED INC	$11,941,000	–	163,414	–	3.52%	–
MRK	New	MERCK & CO INC NEW	$11,517,000	–	202,305	–	3.40%	–
UHS	New	UNIVERSAL HLTH SVCS INCcl b	$11,166,000	–	78,575	–	3.30%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$11,158,000	–	188,800	–	3.29%	–
UNH	New	UNITEDHEALTH GROUP INC	$9,809,000	–	80,400	–	2.90%	–
MDT	New	MEDTRONIC PLC	$9,334,000	–	125,962	–	2.75%	–
JNJ	New	JOHNSON & JOHNSON	$7,660,000	–	78,600	–	2.26%	–
ANTM	New	ANTHEM INC	$6,676,000	–	40,675	–	1.97%	–
GILD	New	GILEAD SCIENCES INC	$6,416,000	–	54,800	–	1.89%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$6,223,000	–	73,700	–	1.84%	–
HCA	New	HCA HOLDINGS INC	$6,178,000	–	68,095	–	1.82%	–
BIIB	New	BIOGEN INC	$5,700,000	–	14,112	–	1.68%	–
GI	New	ENDOCHOICE HLDGS INC	$5,371,000	–	328,501	–	1.58%	–
MCK	New	MCKESSON CORP	$5,111,000	–	22,735	–	1.51%	–
SYK	New	STRYKER CORP	$4,916,000	–	51,439	–	1.45%	–
TNDM	New	TANDEM DIABETES CARE INC	$4,892,000	–	451,254	–	1.44%	–
XRAY	New	DENTSPLY INTL INC NEW	$4,830,000	–	93,700	–	1.42%	–
SPNC	New	SPECTRANETICS CORP	$4,707,000	–	204,550	–	1.39%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$4,465,000	–	20,100	–	1.32%	–
FVE	New	FIVE STAR QUALITY CARE INC	$4,288,000	–	893,352	–	1.26%	–
ISRG	New	INTUITIVE SURGICAL INC	$4,215,000	–	8,700	–	1.24%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$4,153,000	–	46,700	–	1.23%	–
NVS	New	NOVARTIS A Gsponsored adr	$4,150,000	–	42,200	–	1.22%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$4,062,000	–	32,900	–	1.20%	–
BAX	New	BAXTER INTL INC	$3,643,000	–	52,100	–	1.08%	–
ELOS	New	SYNERON MEDICAL LTD	$3,504,000	–	329,914	–	1.03%	–
QGEN	New	QIAGEN NV	$3,205,000	–	129,300	–	0.95%	–
KTWO	New	K2M GROUP HLDGS INC	$2,910,000	–	121,133	–	0.86%	–
AET	New	AETNA INC NEW	$2,874,000	–	22,550	–	0.85%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$2,720,000	–	24,900	–	0.80%	–
NSTG	New	NANOSTRING TECHNOLOGIES INC	$2,713,000	–	175,961	–	0.80%	–
KMPH	New	KEMPHARM INC	$2,677,000	–	145,700	–	0.79%	–
KND	New	KINDRED HEALTHCARE INC	$2,668,000	–	131,500	–	0.79%	–
CSLT	New	CASTLIGHT HEALTH INCcl b	$2,655,000	–	326,223	–	0.78%	–
BSX	New	BOSTON SCIENTIFIC CORP	$2,568,000	–	145,100	–	0.76%	–
A	New	AGILENT TECHNOLOGIES INC	$2,456,000	–	63,665	–	0.72%	–
CELG	New	CELGENE CORP	$2,368,000	–	20,460	–	0.70%	–
AMPH	New	AMPHASTAR PHARMACEUTICALS IN	$2,348,000	–	133,559	–	0.69%	–
BDSI	New	BIODELIVERY SCIENCES INTL IN	$2,333,000	–	293,100	–	0.69%	–
MYL	New	MYLAN N V	$2,178,000	–	32,100	–	0.64%	–
HUM	New	HUMANA INC	$2,123,000	–	11,098	–	0.63%	–
PARNF	New	PARNELL PHARMACEUT HLDGS LTD	$2,015,000	–	407,143	–	0.60%	–
CI	New	CIGNA CORPORATION	$1,976,000	–	12,200	–	0.58%	–
JAZZ	New	JAZZ PHARMACEUTICALS PLC	$1,937,000	–	11,000	–	0.57%	–
DHR	New	DANAHER CORP DEL	$1,759,000	–	20,550	–	0.52%	–
TFX	New	TELEFLEX INC	$1,612,000	–	11,900	–	0.48%	–
EW	New	EDWARDS LIFESCIENCES CORP	$1,581,000	–	11,100	–	0.47%	–
DVA	New	DAVITA HEALTHCARE PARTNERS I	$1,446,000	–	18,200	–	0.43%	–
AMGN	New	AMGEN INC	$1,412,000	–	9,200	–	0.42%	–
AMSG	New	AMSURG CORP	$1,382,000	–	19,759	–	0.41%	–
ILMN	New	ILLUMINA INC	$1,363,000	–	6,244	–	0.40%	–
ABC	New	AMERISOURCEBERGEN CORP	$1,340,000	–	12,604	–	0.40%	–
NXTM	New	NXSTAGE MEDICAL INC	$1,247,000	–	87,293	–	0.37%	–
CVS	New	CVS HEALTH CORP	$1,227,000	–	11,700	–	0.36%	–
PTCT	New	PTC THERAPEUTICS INC	$1,160,000	–	24,100	–	0.34%	–
ABT	New	ABBOTT LABS	$1,097,000	–	22,350	–	0.32%	–
AFFX	New	AFFYMETRIX INC	$1,056,000	–	96,700	–	0.31%	–
RAD	New	RITE AID CORP	$983,000	–	117,700	–	0.29%	–
FLDM	New	FLUIDIGM CORP DEL	$924,000	–	38,200	–	0.27%	–
MDVN	New	MEDIVATION INC	$881,000	–	7,717	–	0.26%	–
OCRX	New	OCERA THERAPEUTICS INC	$878,000	–	231,141	–	0.26%	–
SNSS	New	SUNESIS PHARMACEUTICALS INC	$868,000	–	288,400	–	0.26%	–
UHT	New	UNIVERSAL HEALTH RLTY INCM Tsh ben int	$850,000	–	18,300	–	0.25%	–
NVRO	New	NEVRO CORP	$779,000	–	14,500	–	0.23%	–
SSRG	New	SYMMETRY SURGICAL INC	$761,000	–	87,249	–	0.22%	–
GHDX	New	GENOMIC HEALTH INC	$756,000	–	27,200	–	0.22%	–
MNKKQ	New	MALLINCKRODT PUB LTD CO	$743,000	–	6,309	–	0.22%	–
ANAC	New	ANACOR PHARMACEUTICALS INC	$720,000	–	9,300	–	0.21%	–
NBIX	New	NEUROCRINE BIOSCIENCES INC	$712,000	–	14,900	–	0.21%	–
NVLS	New	NIVALIS THERAPEUTICS INC	$704,000	–	46,500	–	0.21%	–
CTLT	New	CATALENT INC	$678,000	–	23,100	–	0.20%	–
ALGN	New	ALIGN TECHNOLOGY INC	$671,000	–	10,700	–	0.20%	–
TRNX	New	TORNIER N V	$661,000	–	26,468	–	0.20%	–
ACAD	New	ACADIA PHARMACEUTICALS INC	$628,000	–	15,000	–	0.18%	–
BLUE	New	BLUEBIRD BIO INC	$589,000	–	3,500	–	0.17%	–
PTX	New	PERNIX THERAPEUTICS HLDGS IN	$583,000	–	98,500	–	0.17%	–
STRM	New	STREAMLINE HEALTH SOLUTIONS	$559,000	–	199,638	–	0.16%	–
GNMK	New	GENMARK DIAGNOSTICS INC	$535,000	–	59,070	–	0.16%	–
THOR	New	THORATEC CORP	$508,000	–	11,400	–	0.15%	–
XENT	New	INTERSECT ENT INC	$491,000	–	17,135	–	0.14%	–
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$469,000	–	18,600	–	0.14%	–
PODD	New	INSULET CORP	$438,000	–	14,150	–	0.13%	–
PBYI	New	PUMA BIOTECHNOLOGY INC	$432,000	–	3,700	–	0.13%	–
OCR	New	OMNICARE INC	$391,000	–	4,145	–	0.12%	–
VAR	New	VARIAN MED SYS INC	$366,000	–	4,340	–	0.11%	–
ACOR	New	ACORDA THERAPEUTICS INC	$320,000	–	9,600	–	0.09%	–
HWAY	New	HEALTHWAYS INC	$240,000	–	20,000	–	0.07%	–

Compare quarters

Export Endurant Capital Management LP's holdings