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 7,935 1,073,799 SH   SOLE 1,073,799 0 0
ACTAVIS INC COM 00507K103 39,096 271,500 SH   SOLE 271,500 0 0
AGIOS PHARMACEUTICALS INC COM 00847X104 1,485 53,100 SH   SOLE 53,100 0 0
ALLERGAN INC COM 018490102 238 2,627 SH   SOLE 2,627 0 0
AMARIN CORP PLC SPONS ADR NEW 023111206 4,106 649,700 SH   SOLE 649,700 0 0
AMGEN INC COM 031162100 38,698 345,700 SH   SOLE 345,700 0 0
AMICUS THERAPEUTICS INC COM 03152W109 5,739 2,473,787 SH   SOLE 2,473,787 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 23,258 1,264,009 SH   SOLE 1,264,009 0 0
ARRAY BIOPHARMA INC COM 04269X105 22,825 3,669,593 SH   SOLE 3,669,593 0 0
ARRAY BIOPHARMA INC NOTE 3.000% 6/0 04269XAA3 3,444 3,000,000 PRN   SOLE 3,000,000 0 0
ARTHROCARE CORP COM 043136100 12,195 342,759 SH   SOLE 342,759 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 12,261 236,100 SH   SOLE 236,100 0 0
BIOSPECIFICS TECHNOLOGIES CO COM 090931106 6,360 326,652 SH   SOLE 326,652 0 0
BROOKDALE SR LIVING INC COM 112463104 19,930 757,800 SH   SOLE 757,800 0 0
CAPITAL SR LIVING CORP COM 140475104 12,633 597,300 SH   SOLE 597,300 0 0
CATAMARAN CORP COM 148887102 23,347 508,100 SH   SOLE 508,100 0 0
CELGENE CORP COM 151020104 15,177 98,600 SH   SOLE 98,600 0 0
CERUS CORP COM 157085101 13,772 2,052,400 SH   SOLE 2,052,400 0 0
CHIMERIX INC COM 16934W106 14,368 653,705 SH   SOLE 653,705 0 0
CLOVIS ONCOLOGY INC COM 189464100 28,648 471,345 SH   SOLE 471,345 0 0
CUBIST PHARMACEUTICALS INC COM 229678107 28,763 452,600 SH   SOLE 452,600 0 0
GILEAD SCIENCES INC COM 375558103 33,293 529,800 SH   SOLE 529,800 0 0
GLOBUS MED INC CL A 379577208 12,852 736,100 SH   SOLE 736,100 0 0
GW PHARMACEUTICALS PLC ADS 36197T103 2,861 165,020 SH   SOLE 165,020 0 0
HCA HOLDINGS INC COM 40412C101 17,716 414,400 SH   SOLE 414,400 0 0
HEALTHWAYS INC COM 422245100 8,569 462,913 SH   SOLE 462,913 0 0
HEARTWARE INTL INC COM 422368100 13,553 185,125 SH   SOLE 185,125 0 0
INSULET CORP COM 45784P101 21,708 599,000 SH   SOLE 599,000 0 0
INTREXON CORP COM 46122T102 4,823 203,600 SH   SOLE 203,600 0 0
KYTHERA BIOPHARMACEUTICALS I COM 501570105 10,430 228,218 SH   SOLE 228,218 0 0
MARKET VECTORS ETF TR PHARMACEUTICAL 57060U217 311 6,500 SH   SOLE 6,500 0 0
MERCK & CO INC NEW COM 58933Y105 90 1,900 SH   SOLE 1,900 0 0
MERCK & CO INC NEW COM 58933Y105 13,450 282,500 SH Call SOLE 282,500 0 0
NANOSTRING TECHNOLOGIES INC COM 63009R109 8,295 754,132 SH   SOLE 754,132 0 0
NUVASIVE INC COM 670704105 16,981 693,392 SH   SOLE 693,392 0 0
PACIFIC BIOSCIENCES CALIF IN COM 69404D108 8,706 1,574,379 SH   SOLE 1,574,379 0 0
PERRIGO CO COM 714290103 210 1,700 SH   SOLE 1,700 0 0
PUMA BIOTECHNOLOGY INC COM 74587V107 18,253 340,165 SH   SOLE 340,165 0 0
RECEPTOS INC COM 756207106 540 20,800 SH   SOLE 20,800 0 0
REGENERON PHARMACEUTICALS COM 75886F107 25,155 80,400 SH   SOLE 80,400 0 0
REPROS THERAPEUTICS INC COM NEW 76028H209 281 10,500 SH   SOLE 10,500 0 0
ST JUDE MED INC COM 790849103 35,295 658,000 SH   SOLE 658,000 0 0
SUNSHINE HEART INC COM 86782U106 5,453 470,900 SH   SOLE 470,900 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 24,343 591,000 SH   SOLE 591,000 0 0
TORNIER N V SHS N87237108 10,981 568,100 SH   SOLE 568,100 0 0
VCA ANTECH INC COM 918194101 7,908 288,000 SH   SOLE 288,000 0 0
VERASTEM INC COM 92337C104 386 31,000 SH   SOLE 31,000 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 8,208 108,262 SH   SOLE 108,262 0 0
VOCERA COMMUNICATIONS INC COM 92857F107 4,564 245,400 SH   SOLE 245,400 0 0
ZOETIS INC CL A 98978V103 14,499 465,900 SH   SOLE 465,900 0 0