First Turn Management, LLC
โขCIK: 1993440โขFiling: Q4 2025
**First Turn Management, LLC** manages $875M across a concentrated portfolio of 33 positions. The fund exhibits significant conviction in select names, with top holdings including ABVX at $51.4M and RVMD at $50.8M. Further notable allocations include IM8N ($46.0M) and BBIO ($45.5M), indicating a focused, high-conviction investment mandate. This structure suggests an active, bottom-up approach targeting differentiated value across its holdings.
Total AUM
$875.2M
QoQ Performance
+31.4%
Positions
33
Top 10 Concentration
47.3%
Latest Filing
Q4 2025
Top Holdings Allocation
ABVX
RVMD
IM8N
BBIO
ABVX5.9%
RVMD5.8%
IM8N5.3%
BBIO5.2%
MIRM4.3%
AXSM4.3%
NUVL4.2%
XENE4.1%
๐ Biggest Buys
๐ Biggest Sells
Sector Breakdown
Other100.0%
๐ช Exited Positionssold since Q3 2025
+3 more exited positions
Changes from Q3 2025
NEW12 new positions
โ8 increased
โ10 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023