Q2 2026 13F · SEC CIK 1600004
First Light Asset Management, LLC
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $1.6B
- Reported positions
- 31
- Top holdings a year, 3 yrs
- +23.6%
- Assets under management
- $1.4B
First Light Asset Management, LLC is a hedge fund that reported 31 positions worth $1.6B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Neogenomics Inc (NEO, 10.9%), SI-BONE Inc (SIBN, 8.1%), Axogen Inc (AXGN, 7.7%). A portfolio copying its top holdings returned 23.6% a year over the last 3 years, against 20.4% for the S&P 500.
First Light Asset Management, LLC holdings all 31 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
What First Light Asset Management, LLC bought and sold in Q2 2026, against Q1 2026.
New positions
- TRVI Trevi Therapeutics Inc2.4% of 13F
- TCMD Tactile Sys Technology Inc0.8% of 13F
Added to
- ELVN Enliven Therapeutics Inc+574.1% shares
- WGS Genedx Holdings Corp+222.7% shares
- TNDM Tandem Diabetes Care Inc+157.4% shares
- PCVX Vaxcyte Inc+143.4% shares
- APGE Apogee Therapeutics Inc+61.3% shares
- GH Guardant Health Inc+57.5% shares
- SIBN SI-BONE Inc+51.8% shares
- SEPN Septerna Inc+31.4% shares
Reduced
- AXGN Axogen Inc-31.3% shares
- ATRC AtriCure, Inc.-22.2% shares
- PVLA Palvella Therapeutics Inc Ne-21.3% shares
- ESTA Establishment Labs Hldgs Inc-19.9% shares
- TWST Twist Bioscience Corp-17.2% shares
- KRMD KORU Medical Systems-10.1% shares
- OMCL Omnicell Com-7.7% shares
- AMLX Amylyx Pharmaceuticals Inc-5.2% shares
Sold out
- CNTA Centessa Pharmaceuticals PLCwas 5.6%
- WVE Wave Life Sciences Ltdwas 1.2%
- VERA Vera Therapeutics Inc Class Awas 1.1%
- MDXG Mimedx Group Incwas 1.0%
- SGP Spyglass Pharma Incwas 0.9%
- ORGO Organogenesis Hldgs Incwas 0.7%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +119.9% /yr
- S&P 500 +20.1%
- 3 years
- +23.6% /yr
- S&P 500 +20.4%
- 5 years
- +10.3% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $1.6B | 31 |
| Q1 2026 | $1.1B | 35 |
| Q4 2025 | $1.3B | 33 |
| Q3 2025 | $1.1B | 41 |
| Q2 2025 | $771.3M | 38 |
| Q1 2025 | $875.7M | 37 |
| Q4 2024 | $1.0B | 36 |
| Q3 2024 | $1.2B | 38 |
| Q2 2024 | $1.1B | 44 |
| Q1 2024 | $1.3B | 50 |
| Q4 2023 | $1.2B | 75 |
| Q3 2023 | $1.1B | 75 |
Questions about First Light Asset Management, LLC's portfolio
What stocks does First Light Asset Management, LLC own?
First Light Asset Management, LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 31 positions worth $1.6B. The largest are Neogenomics Inc (NEO) at 10.9%, SI-BONE Inc (SIBN) at 8.1%, Axogen Inc (AXGN) at 7.7%, Apogee Therapeutics Inc (APGE) at 7.5% and Palvella Therapeutics Inc Ne (PVLA) at 7.2%.
What did First Light Asset Management, LLC buy last quarter?
In Q2 2026, First Light Asset Management, LLC added a new position in Trevi Therapeutics Inc (TRVI), a new position in Tactile Sys Technology Inc (TCMD), Enliven Therapeutics Inc (ELVN) (+574.1% shares), Genedx Holdings Corp (WGS) (+222.7% shares) and Tandem Diabetes Care Inc (TNDM) (+157.4% shares), compared with its Q1 2026 filing.
What did First Light Asset Management, LLC sell last quarter?
In Q2 2026, First Light Asset Management, LLC sold all of Centessa Pharmaceuticals PLC (CNTA), sold all of Wave Life Sciences Ltd (WVE), sold all of Vera Therapeutics Inc Class A (VERA), sold all of Mimedx Group Inc (MDXG), sold all of Spyglass Pharma Inc (SGP), Axogen Inc (AXGN) (-31.3% shares), AtriCure, Inc. (ATRC) (-22.2% shares) and Palvella Therapeutics Inc Ne (PVLA) (-21.3% shares), compared with its Q1 2026 filing.
How has First Light Asset Management, LLC's portfolio performed?
A portfolio copying First Light Asset Management, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +23.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +119.9% against +20.1%. Over 5 years: +10.3% a year against +11.6%.
When is First Light Asset Management, LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. First Light Asset Management, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does First Light Asset Management, LLC manage?
First Light Asset Management, LLC reported $1.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.6B.