First Light Asset Management, LLC

Q1 2026 13F-HR Holdings

Location
Edina, MN
Holdings as of
3/31/2026
Date filed
5/15/2026
Form type
13F-HR
Num holdings
35
Total value ($000)
$1,115,876
Net value change ($000)
-192,092 (-14.7%)
New positions
7
Sold out positions
5
Turnover %
17.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/17/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 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)
PVLA 48,025 64.7%
APGE 27,028 125.6%
TLSI 20,267 NEW
TECX 20,022 NEW
OMCL 16,351 NEW
WGS 15,601 NEW
MASS 11,774 46.4%
NPCE 11,513 55.3%
SGP 9,716 NEW
PCVX 8,239 NEW
Top Reduces (Value $000, Stocks/ETFs)
NEO -45,816 -38.8%
IRON -41,545 -100.0%
MDGL -38,918 -100.0%
AXGN -38,675 -22.6%
SIBN -31,638 -31.9%
VERA -31,412 -71.3%
ATRC -25,688 -55.2%
RYTM -24,085 -76.1%
WAVE LIFE SCIENCES LTD -18,146 -57.6%
CRNX -16,016 -28.8%
Instrument mix + QoQ Δ (ex-options)
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