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 14,163 1,475,360 SH   SOLE 1,475,360 0 0
ACHAOGEN INC COM 004449104 10,106 653,700 SH   SOLE 653,700 0 0
ACTAVIS PLC SHS G0083B108 50,721 246,398 SH   SOLE 246,398 0 0
AFFYMETRIX INC COM 00826T108 96 13,500 SH   SOLE 13,500 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 43,226 772,994 SH   SOLE 772,994 0 0
ALIGN TECHNOLOGY INC COM 016255101 15,258 294,612 SH   SOLE 294,612 0 0
ALLERGAN INC COM 018490102 222 1,786 SH   SOLE 1,786 0 0
AMBIT BIOSCIENCES CORP COM 02318X100 3,353 367,602 SH   SOLE 367,602 0 0
AMICUS THERAPEUTICS INC COM 03152W109 17,588 8,496,538 SH   SOLE 8,496,538 0 0
ARRAY BIOPHARMA INC COM 04269X105 22,950 4,882,930 SH   SOLE 4,882,930 0 0
BIOSPECIFICS TECHNOLOGIES CO COM 090931106 7,040 271,620 SH   SOLE 271,620 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 21,741 418,500 SH   SOLE 418,500 0 0
CARDIOVASCULAR SYS INC DEL COM 141619106 12,450 391,627 SH   SOLE 391,627 0 0
CASTLIGHT HEALTH INC CL B 14862Q100 20,826 1,184,347 SH   SOLE 1,184,347 0 0
CELLDEX THERAPEUTICS INC NEW COM 15117B103 15,266 863,947 SH   SOLE 863,947 0 0
CERUS CORP COM 157085101 2,814 586,205 SH   SOLE 586,205 0 0
CHIMERIX INC COM 16934W106 20,442 895,006 SH   SOLE 895,006 0 0
CLOVIS ONCOLOGY INC COM 189464100 35,549 513,198 SH   SOLE 513,198 0 0
CYNOSURE INC CL A 232577205 586 20,000 SH   SOLE 20,000 0 0
DERMA SCIENCES INC COM PAR $.01 249827502 7,584 598,077 SH   SOLE 598,077 0 0
ENDOLOGIX INC COM 29266S106 10,233 795,095 SH   SOLE 795,095 0 0
FLEXION THERAPEUTICS INC COM 33938J106 8,113 493,183 SH   SOLE 493,183 0 0
GENOCEA BIOSCIENCES INC COM 372427104 2,278 125,244 SH   SOLE 125,244 0 0
GERON CORP COM 374163103 4,405 2,117,555 SH   SOLE 2,117,555 0 0
GLOBUS MED INC CL A 379577208 28,264 1,062,952 SH   SOLE 1,062,952 0 0
GW PHARMACEUTICALS PLC ADS 36197T103 19,211 323,583 SH   SOLE 323,583 0 0
HALOZYME THERAPEUTICS INC COM 40637H109 815 64,167 SH   SOLE 64,167 0 0
HCA HOLDINGS INC COM 40412C101 45,811 872,589 SH   SOLE 872,589 0 0
HEALTHWAYS INC COM 422245100 23,222 1,354,832 SH   SOLE 1,354,832 0 0
HEARTWARE INTL INC COM 422368100 27,381 291,974 SH   SOLE 291,974 0 0
IGNYTA INC COM 451731103 4,980 600,000 SH   SOLE 600,000 0 0
INOGEN INC COM 45780L104 7,610 460,923 SH   SOLE 460,923 0 0
INSULET CORP COM 45784P101 21,673 457,048 SH   SOLE 457,048 0 0
INTERCEPT PHARMACEUTICALS IN COM 45845P108 16,857 51,113 SH   SOLE 51,113 0 0
INTRA CELLULAR THERAPIES INC COM 46116X101 18,199 1,001,060 SH   SOLE 1,001,060 0 0
JAZZ PHARMACEUTICALS PLC SHS USD G50871105 19,815 142,886 SH   SOLE 142,886 0 0
KYTHERA BIOPHARMACEUTICALS I COM 501570105 17,627 443,326 SH   SOLE 443,326 0 0
MARKET VECTORS ETF TR BIOTECH ETF 57060U183 292 3,208 SH   SOLE 3,208 0 0
MARKET VECTORS ETF TR PHARMACEUTICAL 57060U217 379 6,500 SH   SOLE 6,500 0 0
MODEL N INC COM 607525102 8,638 854,378 SH   SOLE 854,378 0 0
NANOSTRING TECHNOLOGIES INC COM 63009R109 10,905 528,070 SH   SOLE 528,070 0 0
NUVASIVE INC COM 670704105 20,023 521,301 SH   SOLE 521,301 0 0
NXSTAGE MEDICAL INC COM 67072V103 13,892 1,090,428 SH   SOLE 1,090,428 0 0
OPHTHOTECH CORP COM 683745103 692 19,374 SH   SOLE 19,374 0 0
OXFORD IMMUNOTEC GLOBAL PLC ORD SHS G6855A103 12,541 624,869 SH   SOLE 624,869 0 0
PORTOLA PHARMACEUTICALS INC COM 737010108 11,712 452,194 SH   SOLE 452,194 0 0
PROTHENA CORP PLC SHS G72800108 21,439 559,611 SH   SOLE 559,611 0 0
PUMA BIOTECHNOLOGY INC COM 74587V107 17,922 172,092 SH   SOLE 172,092 0 0
RECEPTOS INC COM 756207106 13,032 310,727 SH   SOLE 310,727 0 0
RITE AID CORP COM 767754104 23,837 3,801,800 SH   SOLE 3,801,800 0 0
SUNESIS PHARMACEUTICALS INC COM NEW 867328601 66 10,000 SH   SOLE 10,000 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 33,801 789,562 SH   SOLE 789,562 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 39,171 297,136 SH   SOLE 297,136 0 0
VOCERA COMMUNICATIONS INC COM 92857F107 2,832 173,408 SH   SOLE 173,408 0 0
XOMA CORP DEL COM 98419J107 7,932 1,522,543 SH   SOLE 1,522,543 0 0