PFM Health Sciences, LP

Q3 2025 13F-HR Holdings

Location
San Francisco, CA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
72
Total value ($000)
$1,300,512
Net value change ($000)
+125,898 (10.7%)
New positions
23
Sold out positions
12
Turnover %
30.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
UTHR 29,640 283.4%
UHS 23,768 NEW
CNC 20,493 NEW
MRK 19,847 NEW
ELV 19,638 NEW
ADMA 17,314 NEW
RVMD 15,461 NEW
VERA 14,928 NEW
AXSM 13,978 27.7%
VEEV 12,364 NEW
Top Reduces (Value $000, Stocks/ETFs)
LLY -37,151 -17.8%
DHR -31,886 -100.0%
HUM -25,824 -96.5%
MOH -25,542 -100.0%
ALNY -23,550 -100.0%
SLNO -17,661 -51.8%
MASI -15,889 -100.0%
HOLX -13,813 -100.0%
ISRG -13,729 -28.4%
TEVA -13,555 -65.3%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 127,867 (9.8% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type