The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACCURAY INC COM 004397105 14,094 1,515,475 SH   SOLE 1,515,475 0 0 0
ACHAOGEN INC COM 004449104 3,888 398,340 SH   SOLE 398,340 0 0 0
AETNA INC NEW COM 00817Y108 22,582 211,974 SH   SOLE 211,974 0 0 0
ALERE INC COM 01449J105 32,476 664,138 SH   SOLE 664,138 0 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 241 1,390 SH   SOLE 1,390 0 0 0
AMICUS THERAPEUTICS INC COM 03152W109 63,455 5,832,228 SH   SOLE 5,832,228 0 0 0
ARRAY BIOPHARMA INC COM 04269X105 96,736 13,125,594 SH   SOLE 13,125,594 0 0 0
ARRAY BIOPHARMA INC NOTE 3.000% 6/0 04269XAA3 5,022 4,000,000 PRN   SOLE 4,000,000 0 0 0
ATARA BIOTHERAPEUTICS INC COM 046513107 11,025 265,205 SH   SOLE 265,205 0 0 0
AUSPEX PHARMACEUTICALS INC COM 05211J102 41,866 417,533 SH   SOLE 417,533 0 0 0
AVALANCHE BIOTECHNOLOGIES IN COM 05337G107 17,064 421,133 SH   SOLE 421,133 0 0 0
BELLICUM PHARMACEUTICALS INC COM 079481107 9,284 445,221 SH   SOLE 445,221 0 0 0
BIOGEN INC COM 09062X103 41,258 97,713 SH   SOLE 97,713 0 0 0
BIOSCRIP INC COM 09069N108 6,105 1,378,200 SH   SOLE 1,378,200 0 0 0
CASTLIGHT HEALTH INC CL B 14862Q100 18,131 2,336,498 SH   SOLE 2,336,498 0 0 0
CELLDEX THERAPEUTICS INC NEW COM 15117B103 15,245 547,000 SH   SOLE 547,000 0 0 0
CERUS CORP COM 157085101 6,871 1,647,727 SH   SOLE 1,647,727 0 0 0
CHEMOCENTRYX INC COM 16383L106 132 17,500 SH   SOLE 17,500 0 0 0
CHIMERIX INC COM 16934W106 31,828 844,456 SH   SOLE 844,456 0 0 0
CIVITAS SOLUTIONS INC COM 17887R102 18,416 879,485 SH   SOLE 879,485 0 0 0
CLOVIS ONCOLOGY INC COM 189464100 66,872 900,879 SH   SOLE 900,879 0 0 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 21,609 265,858 SH   SOLE 265,858 0 0 0
ELEVEN BIOTHERAPEUTICS INC COM 286221106 2,141 240,000 SH   SOLE 240,000 0 0 0
ENDO INTL PLC SHS G30401106 50,272 560,443 SH   SOLE 560,443 0 0 0
FLEXION THERAPEUTICS INC COM 33938J106 4,270 189,624 SH   SOLE 189,624 0 0 0
FLUIDIGM CORP DEL COM 34385P108 23,679 562,437 SH   SOLE 562,437 0 0 0
GENOCEA BIOSCIENCES INC COM 372427104 9,451 796,900 SH   SOLE 796,900 0 0 0
GLOBUS MED INC CL A 379577208 15,440 611,731 SH   SOLE 611,731 0 0 0
GW PHARMACEUTICALS PLC ADS 36197T103 10,855 119,114 SH   SOLE 119,114 0 0 0
HEALTH NET INC COM 42222G108 16,354 270,358 SH   SOLE 270,358 0 0 0
HEALTHWAYS INC COM 422245100 21,158 1,074,033 SH   SOLE 1,074,033 0 0 0
INSMED INC COM PAR $.01 457669307 28,742 1,381,828 SH   SOLE 1,381,828 0 0 0
INTRA CELLULAR THERAPIES INC COM 46116X101 15,968 668,671 SH   SOLE 668,671 0 0 0
INVITAE CORP COM 46185L103 10,946 785,131 SH   SOLE 125,000 0 0 0
ISHARES US HLTHCR PR ETF 464288828 1,144 8,599 SH   SOLE 8,599 0 0 0
JAZZ PHARMACEUTICALS PLC SHS USD G50871105 17,279 100,000 SH   SOLE 100,000 0 0 0
KYTHERA BIOPHARMACEUTICALS I COM 501570105 11,287 225,062 SH   SOLE 225,062 0 0 0
MARKET VECTORS ETF TR PHARMACEUTICAL 57060U217 457 6,500 SH   SOLE 6,500 0 0 0
MODEL N INC COM 607525102 17,482 1,461,678 SH   SOLE 1,461,678 0 0 0
NANOSTRING TECHNOLOGIES INC COM 63009R109 10,981 1,077,642 SH   SOLE 1,077,642 0 0 0
NUVASIVE INC COM 670704105 8,514 185,137 SH   SOLE 185,137 0 0 0
OTONOMY INC COM 68906L105 2,792 78,972 SH   SOLE 78,972 0 0 0
OXFORD IMMUNOTEC GLOBAL PLC ORD SHS G6855A103 19,930 1,415,482 SH   SOLE 1,415,482 0 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 454 4,300 SH   SOLE 4,300 0 0 0
PROQR THRAPEUTICS N V SHS EURO N71542109 16,436 751,171 SH   SOLE 498,085 0 0 0
RECEPTOS INC COM 756207106 26,286 159,413 SH   SOLE 159,413 0 0 0
SEATTLE GENETICS INC COM 812578102 37,212 1,052,666 SH   SOLE 1,052,666 0 0 0
TEKMIRA PHARMACEUTICALS CORP COM NEW 87911B209 12,222 700,000 SH   SOLE 700,000 0 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 53,203 853,973 SH   SOLE 853,973 0 0 0
TRIVASCULAR TECHNOLOGIES INC COM 89685A102 16,665 1,588,623 SH   SOLE 1,588,623 0 0 0
ULTRAGENYX PHARMACEUTICAL IN COM 90400D108 20,651 332,600 SH   SOLE 332,600 0 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 53,333 268,519 SH   SOLE 268,519 0 0 0
VCA INC COM 918194101 16,874 307,804 SH   SOLE 307,804 0 0 0
ZS PHARMA INC COM 98979G105 17,071 405,688 SH   SOLE 405,688 0 0 0