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 12,002 1,653,128 SH   SOLE 1,653,128 0 0
ACHAOGEN INC COM 004449104 6,903 770,422 SH   SOLE 770,422 0 0
ACTAVIS PLC SHS G0083B108 39,545 163,898 SH   SOLE 163,898 0 0
AGIOS PHARMACEUTICALS INC COM 00847X104 3,018 49,200 SH   SOLE 49,200 0 0
ALIGN TECHNOLOGY INC COM 016255101 8,929 172,772 SH   SOLE 172,772 0 0
AMICUS THERAPEUTICS INC COM 03152W109 33,956 5,706,906 SH   SOLE 5,706,906 0 0
ARRAY BIOPHARMA INC COM 04269X105 29,781 8,342,045 SH   SOLE 8,342,045 0 0
AVALANCHE BIOTECHNOLOGIES IN COM 05337G107 21,531 699,460 SH   SOLE 699,460 0 0
BIOMARIN PHARMACEUTICAL INC COM 09061G101 12,778 177,079 SH   SOLE 177,079 0 0
CARDIOVASCULAR SYS INC DEL COM 141619106 8,748 370,208 SH   SOLE 370,208 0 0
CASTLIGHT HEALTH INC COM 14862Q100 21,789 1,683,817 SH   SOLE 1,683,817 0 0
CELGENE CORP COM 151020104 35,012 369,400 SH   SOLE 369,400 0 0
CHIMERIX INC COM 16934W106 30,963 1,121,032 SH   SOLE 1,121,032 0 0
CIVITAS SOLUTIONS INC COM 17887R102 9,672 619,236 SH   SOLE 619,236 0 0
CLOVIS ONCOLOGY INC COM 189464100 35,583 784,459 SH   SOLE 784,459 0 0
CLOVIS ONCOLOGY INC CALL 189464900 4,536 100,000 SH Call SOLE 100,000 0 0
CUBIST PHARMACEUTICALS INC COM 229678107 18,824 283,756 SH   SOLE 283,756 0 0
CYBERONICS INC COM 23251P102 8,846 172,900 SH   SOLE 172,900 0 0
EHEALTH INC COM 28238P109 4,290 177,788 SH   SOLE 177,788 0 0
FLEXION THERAPEUTICS INC COM 33938J106 8,508 465,933 SH   SOLE 465,933 0 0
FLUIDIGM CORP DEL COM 34385P108 13,711 559,622 SH   SOLE 559,622 0 0
GLOBUS MED INC CL A 379577208 19,007 966,300 SH   SOLE 966,300 0 0
HCA HOLDINGS INC COM 40412C101 23,151 328,292 SH   SOLE 328,292 0 0
HEALTH NET INC COM 42222G108 15,444 334,935 SH   SOLE 334,935 0 0
HEALTHWAYS INC COM 422245100 16,445 1,026,503 SH   SOLE 1,026,503 0 0
HMS HLDGS CORP COM 40425J101 5,722 303,571 SH   SOLE 303,571 0 0
INSMED INC COM PAR $.01 457669307 14,233 1,090,624 SH   SOLE 1,090,624 0 0
INTERCEPT PHARMACEUTICALS IN COM 45845P108 524 2,212 SH   SOLE 2,212 0 0
INTRA CELLULAR THERAPIES INC COM 46116X101 13,758 1,003,496 SH   SOLE 1,003,496 0 0
ISHARES US HLTHCR PR ETF 464288828 289 2,700 SH   SOLE 2,700 0 0
ISHARES TR NASDQ BIOTEC ETF 464287556 452 1,652 SH   SOLE 1,652 0 0
ISHARES TR PUT 464287955 49,208 450,000 SH Put SOLE 450,000 0 0
KYTHERA BIOPHARMACEUTICALS I COM 501570105 9,221 281,479 SH   SOLE 281,479 0 0
LOXO ONCOLOGY INC COM 548862101 7,094 540,300 SH   SOLE 540,300 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 20,860 231,389 SH   SOLE 231,389 0 0
MARKET VECTORS ETF TR PHARMACEUTICAL 57060U217 413 6,500 SH   SOLE 6,500 0 0
MCKESSON CORP COM 58155Q103 31,491 161,765 SH   SOLE 161,765 0 0
MODEL N INC COM 607525102 14,369 1,457,278 SH   SOLE 1,457,278 0 0
NANOSTRING TECHNOLOGIES INC COM 63009R109 15,903 1,453,655 SH   SOLE 1,453,655 0 0
NUVASIVE INC COM 670704105 17,381 498,441 SH   SOLE 498,441 0 0
OTONOMY INC COM 68906L105 442 18,400 SH   SOLE 18,400 0 0
OXFORD IMMUNOTEC GLOBAL PLC ORD SHS G6855A103 16,284 1,066,415 SH   SOLE 1,066,415 0 0
PROQR THRAPEUTICS N V SHS EURO N71542109 12,067 765,232 SH   SOLE 765,232 0 0
PROTHENA CORP PLC SHS G72800108 2,792 125,973 SH   SOLE 125,973 0 0
PUMA BIOTECHNOLOGY INC COM 74587V107 12,173 51,025 SH   SOLE 51,025 0 0
RECEPTOS INC COM 756207106 27,321 439,878 SH   SOLE 439,878 0 0
RITE AID CORP COM 767754104 25,462 5,260,710 SH   SOLE 5,260,710 0 0
SEATTLE GENETICS INC COM 812578102 4,768 128,230 SH   SOLE 128,230 0 0
TOKAI PHARMACEUTICALS INC COM 88907J107 6,273 414,330 SH   SOLE 414,330 0 0
TRIVASCULAR TECHNOLOGIES INC COM 89685A102 25,534 1,751,518 SH   SOLE 1,751,518 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 12,936 123,792 SH   SOLE 123,792 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 43,633 332,567 SH   SOLE 332,567 0 0
WELLCARE HEALTH PLANS INC COM 94946T106 13,578 225,033 SH   SOLE 225,033 0 0
ZS PHARMA INC COM 98979G105 18,600 474,132 SH   SOLE 474,132 0 0