First Light Asset Management, LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
First Light Asset Management, LLC disclosed 33 US equity positions worth $1.3bn in its Q4 2025 13F filing. The largest position was AXGN at 13.1% of the reported book, followed by NEO and SIBN. Against the Q3 2025 filing, it opened 6 new positions, added to 14 and reduced 12 among the top 33 holdings.
What did First Light Asset Management, LLC own in Q4 2025? Top 33 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | AXGN AXOGEN INC | Healthcare | 13.1% | $171.3m | 5,233,326 | -10% | reduced |
| 2 | NEO NEOGENOMICS INC | Healthcare | 9.0% | $118.0m | 10,035,063 | 1% | added |
| 3 | SIBN SI-BONE INC | Healthcare | 7.6% | $99.2m | 5,032,904 | 162% | added |
| 4 | PVLA PALVELLA THERAPEUTICS INC | 5.7% | $74.2m | 709,141 | 31% | added | |
| 5 | CNTA CENTESSA PHARMACEUTICALS LIMITED | 4.4% | $57.0m | 2,278,940 | -37% | reduced | |
| 6 | CRNXGBP CRINETICS PHARMACEUTICALS INC | 4.3% | $55.6m | 1,194,263 | 27% | added | |
| 7 | ATRC ATRICURE INC | Healthcare | 3.6% | $46.5m | 1,175,445 | 32% | added |
| 8 | VERA VERA THERAPEUTICS INC | Healthcare | 3.4% | $44.0m | 869,676 | 72% | added |
| 9 | IRON DISC MEDICINE INC | Healthcare | 3.2% | $41.5m | 523,167 | 126% | added |
| 10 | AMLX AMYLYX PHARMACEUTICALS INC | Healthcare | 3.1% | $40.5m | 3,355,539 | -0% | held |
| 11 | EWTX EDGEWISE THERAPEUTICS INC | 3.0% | $39.1m | 1,573,701 | 11% | added | |
| 12 | MDGL MADRIGAL PHARMACEUTICALS INC | Healthcare | 3.0% | $38.9m | 66,831 | 479% | added |
| 13 | TWST TWIST BIOSCIENCE CORPORATION | Healthcare | 2.8% | $36.2m | 1,140,771 | -5% | reduced |
| 14 | SLP SIMULATIONS PLUS INC | Healthcare | 2.7% | $35.9m | 1,968,917 | 156% | added |
| 15 | RYTM RHYTHM PHARMACEUTICALS INC | Healthcare | 2.4% | $31.7m | 295,844 | 64% | added |
| 16 | WVE WAVE LIFE SCIENCES LTD | Healthcare | 2.4% | $31.5m | 1,853,851 | – | new |
| 17 | ANAB ANAPTYS BIO INC | Healthcare | 2.4% | $31.3m | 646,238 | -35% | reduced |
| 18 | HCAT HEALTH CATALYST INC | Healthcare | 2.4% | $30.9m | 12,910,941 | -4% | reduced |
| 19 | GH GUARDANT HEALTH | Healthcare | 2.3% | $30.1m | 294,751 | 5% | added |
| 20 | IRTC IRHYTHM TECHNOLOGIES | Healthcare | 2.1% | $27.3m | 153,871 | -1% | reduced |
| 21 | ESTA ESTABLISHMENT LABS HOLDINGS | Healthcare | 2.1% | $27.2m | 373,082 | -11% | reduced |
| 22 | MASS 908 DEVICES INC | 1.9% | $25.4m | 4,836,186 | 93% | added | |
| 23 | KRMD KORU MEDICAL SYSTEMS INC | 1.9% | $24.5m | 4,210,512 | -7% | reduced | |
| 24 | TNDM TANDEM DIABETES CARE INC | Healthcare | 1.8% | $23.9m | 1,089,493 | – | new |
| 25 | APGE APOGEE THERAPEUTICS INC | Healthcare | 1.6% | $21.5m | 284,991 | – | new |
| 26 | NPCE NEUROPACE INC | 1.6% | $20.8m | 1,349,482 | -1% | reduced | |
| 27 | MDXG MIMEDX GROUP INC | Healthcare | 1.6% | $20.6m | 3,039,341 | -17% | reduced |
| 28 | ORGO ORGANOGENESIS HOLDINGS INC | Healthcare | 1.5% | $20.0m | 3,862,820 | -48% | reduced |
| 29 | SEPN SEPTERNA INC | 1.3% | $17.3m | 620,811 | – | new | |
| 30 | ABVX ABIVAX SA-ADR | 0.9% | $12.0m | 88,674 | -8% | reduced | |
| 31 | BFLY BUTTERFLY NETWORK INC | 0.8% | $10.7m | 2,812,131 | 149% | added | |
| 32 | DYN DYNE THERAPEUTICS INC | Healthcare | 0.2% | $3.0m | 155,231 | – | new |
| 33 | IWO ISHARES RUSSELL 2000 GROWTH ETF | 0.0% | $245.5k | 760 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.