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 15,197 1,744,811 SH   SOLE 1,744,811 0 0
ACTAVIS PLC SHS G0083B108 28,936 172,240 SH   SOLE 172,240 0 0
ALLERGAN INC COM 018490102 22,186 199,727 SH   SOLE 199,727 0 0
AMARIN CORP PLC SPONS ADR NEW 023111206 7,857 3,988,200 SH   SOLE 3,988,200 0 0
AMBIT BIOSCIENCES CORP COM 02318X100 5,263 545,985 SH   SOLE 545,985 0 0
AMICUS THERAPEUTICS INC COM 03152W109 20,323 8,648,087 SH   SOLE 8,648,087 0 0
ARRAY BIOPHARMA INC COM 04269X105 22,348 4,460,688 SH   SOLE 4,460,688 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 30,345 511,120 SH   SOLE 511,120 0 0
BIOSPECIFICS TECHNOLOGIES CO COM 090931106 6,199 286,057 SH   SOLE 286,057 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 21,306 400,870 SH   SOLE 400,870 0 0
CELGENE CORP COM 151020104 30,923 183,018 SH   SOLE 183,018 0 0
CELLDEX THERAPEUTICS INC NEW COM 15117B103 9,634 397,951 SH   SOLE 397,951 0 0
CERUS CORP COM 157085101 13,258 2,055,574 SH   SOLE 2,055,574 0 0
CHIMERIX INC COM 16934W106 11,278 746,405 SH   SOLE 746,405 0 0
CLOVIS ONCOLOGY INC COM 189464100 34,491 572,270 SH   SOLE 572,270 0 0
DYAX CORP COM 26746E103 188 25,000 SH   SOLE 25,000 0 0
ENDOLOGIX INC COM 29266S106 5,506 315,733 SH   SOLE 315,733 0 0
FOREST LABS INC COM 345838106 13,693 228,100 SH   SOLE 228,100 0 0
FOUNDATION MEDICINE INC COM 350465100 2,622 110,092 SH   SOLE 110,092 0 0
GILEAD SCIENCES INC COM 375558103 48,644 647,287 SH   SOLE 647,287 0 0
GLOBUS MED INC CL A 379577208 21,928 1,086,637 SH   SOLE 1,086,637 0 0
GW PHARMACEUTICALS PLC ADS 36197T103 14,953 359,977 SH   SOLE 359,977 0 0
HCA HOLDINGS INC COM 40412C101 19,995 419,100 SH   SOLE 419,100 0 0
HEALTHWAYS INC COM 422245100 12,992 846,413 SH   SOLE 846,413 0 0
HEARTWARE INTL INC COM 422368100 20,861 222,023 SH   SOLE 222,023 0 0
ILLUMINA INC COM 452327109 9,035 81,674 SH   SOLE 81,674 0 0
INCYTE CORP COM 45337C102 22,733 448,998 SH   SOLE 448,998 0 0
INSULET CORP COM 45784P101 13,469 363,036 SH   SOLE 363,036 0 0
INTERCEPT PHARMACEUTICALS IN COM 45845P108 18,159 265,949 SH   SOLE 265,949 0 0
ISHARES US HLTHCR PR ETF 464288828 280 3,000 SH   SOLE 3,000 0 0
JAZZ PHARMACEUTICALS PLC SHS USD G50871105 23,105 182,561 SH   SOLE 182,561 0 0
KYTHERA BIOPHARMACEUTICALS I COM 501570105 20,777 557,761 SH   SOLE 557,761 0 0
MARKET VECTORS ETF TR PHARMACEUTICAL 57060U217 345 6,500 SH   SOLE 6,500 0 0
MERCK & CO INC NEW CALL 58933Y905 14,139 282,500 SH Call SOLE 282,500 0 0
MERCK & CO INC NEW COM 58933Y105 120 2,400 SH   SOLE 2,400 0 0
MODEL N INC COM 607525102 1,077 91,307 SH   SOLE 91,307 0 0
NANOSTRING TECHNOLOGIES INC COM 63009R109 13,010 754,660 SH   SOLE 754,660 0 0
NUVASIVE INC COM 670704105 17,811 550,914 SH   SOLE 550,914 0 0
NXSTAGE MEDICAL INC COM 67072V103 6,908 690,770 SH   SOLE 690,770 0 0
OPHTHOTECH CORP COM 683745103 10,239 316,521 SH   SOLE 316,521 0 0
OXFORD IMMUNOTEC GLOBAL PLC ORD SHS G6855A103 18,342 946,457 SH   SOLE 946,457 0 0
PFIZER INC COM 717081103 16,418 536,000 SH   SOLE 536,000 0 0
PROTHENA CORP PLC SHS G72800108 241 9,100 SH   SOLE 9,100 0 0
PUMA BIOTECHNOLOGY INC COM 74587V107 23,882 230,673 SH   SOLE 230,673 0 0
RECEPTOS INC COM 756207106 18,123 625,133 SH   SOLE 625,133 0 0
REGENERON PHARMACEUTICALS COM 75886F107 275 1,000 SH   SOLE 1,000 0 0
SIRONA DENTAL SYSTEMS INC COM 82966C103 8,735 124,425 SH   SOLE 124,425 0 0
ST JUDE MED INC COM 790849103 13,206 213,164 SH   SOLE 213,164 0 0
SUNESIS PHARMACEUTICALS INC COM NEW 867328601 166 35,000 SH   SOLE 35,000 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 19,434 461,402 SH   SOLE 461,402 0 0
TORNIER N V SHS N87237108 9,162 487,577 SH   SOLE 487,577 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 16,683 205,300 SH   SOLE 205,300 0 0
VCA ANTECH INC COM 918194101 9,602 306,200 SH   SOLE 306,200 0 0
VOCERA COMMUNICATIONS INC COM 92857F107 4,439 284,400 SH   SOLE 284,400 0 0
XOMA CORP DEL COM 98419J107 5,257 781,176 SH   SOLE 781,176 0 0
ZIMMER HLDGS INC COM 98956P102 34,260 367,640 SH   SOLE 367,640 0 0