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Hedge Funds Similar to First Light Asset ,

13F Portfolio OverlapQ1 2026First Light Asset , portfolio →
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Most similar hedge funds by 13F overlap

First Light Asset Management, LLC is an institutional investor managing $1.1B across 35 U.S. equity positions as of Q1 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to First Light Asset , are HighMark Wealth, BRAIDWELL, PERCEPTIVE ADVISORS, with shared positions in $AXGN, $CNTA, $ANAB, $NEO, $ATRC, $SIBN. The full ranking of 25 similar funds is below.

#1HighMark Wealth Management LLCActive
Substantial overlap · 15 shared positions
$AXGN$CNTA$ANAB$NEO$ATRC$SIBN
$246M
555 positions
#2BRAIDWELL LPPassive
Notable overlap · 7 shared positions
$NEO$CNTA$EWTX$GH$IRTC$APGE
$3.0B
88 positions
#3PERCEPTIVE ADVISORS LLCActive
Notable overlap · 6 shared positions
$CNTA$EWTX$APGE$AMLX$RYTM$GH
$5.1B
94 positions
#4EcoR1 Capital, LLCSmart money
Notable overlap · 3 shared positions
$CNTA$CRNX$ANAB
$2.4B
30 positions
#5Affinity Asset Advisors, LLCActive
Notable overlap · 4 shared positions
$APGE$CNTA$ANAB$ELVN
$1.9B
105 positions
#6Novo Holdings A/SActive
Notable overlap · 5 shared positions
$CRNX$APGE$EWTX$PCVX$ELVN
$1.2B
22 positions
#7Siren, L.L.C.Active
Notable overlap · 7 shared positions
$EWTX$CRNX$SEPN$CNTA$PVLA$ELVN
$3.6B
100 positions
#8GREAT POINT PARTNERS LLCActive
Notable overlap · 3 shared positions
$APGE$AMLX$VERA
$435M
42 positions
#9Paradigm Biocapital Advisors LPActive
Notable overlap · 4 shared positions
$CNTA$EWTX$APGE$PCVX
$4.9B
35 positions
#10TCG Crossover Management, LLCActive
Notable overlap · 3 shared positions
$CNTA$AMLX$TECX
$3.5B
49 positions
#11First Turn Management, LLCActive
Notable overlap · 4 shared positions
$APGE$PVLA$VERA$ELVN
$895M
33 positions
#12Soleus Capital Management, L.P.Active
Notable overlap · 6 shared positions
$TWST$EWTX$NPCE$AXGN$ORGO$PCVX
$2.5B
93 positions
#13KOTLER KEVIN
Notable overlap · 4 shared positions
$AXGN$NPCE$TECX$TLSI
$427M
38 positions
#14PERKINS CAPITAL MANAGEMENT INCPassive
Some overlap · 4 shared positions
$AXGN$BFLY$NEO$TLSI
$107M
86 positions
#15RA CAPITAL MANAGEMENT, L.P.Smart money
Some overlap · 6 shared positions
$EWTX$SEPN$WVE$SGP$PCVX$RYTM
$9.4B
85 positions
#16ADAR1 Capital Management, LLCPassive
Some overlap · 7 shared positions
$CRNX$SEPN$AMLX$ESTA$PCVX$ELVN
$1.7B
310 positions
#17RTW INVESTMENTS, LPActive
Some overlap · 5 shared positions
$APGE$IRTC$ESTA$GH$CNTA
$10.0B
88 positions
#18Opaleye Management Inc.Active
Some overlap · 4 shared positions
$APGE$EWTX$RYTM$TECX
$759M
54 positions
#19Deep Track Capital, LPActive
Some overlap · 4 shared positions
$CNTA$GH$VERA$PCVX
$6.1B
63 positions
#20Bellevue Group AGActive
Some overlap · 5 shared positions
$CRNX$EWTX$VERA$PCVX$ELVN
$4.2B
155 positions
#21Logos Global Management LPActive
Some overlap · 4 shared positions
$CNTA$PCVX$ELVN$RYTM
$2.0B
66 positions
#22NEXTBio Capital Management LPActive
Some overlap · 3 shared positions
$PVLA$PCVX$RYTM
$215M
24 positions
#23Spruce Street Capital LPActive
Some overlap · 3 shared positions
$CNTA$PCVX$ELVN
$416M
28 positions
#24AWM Investment Company, Inc.Passive
Some overlap · 4 shared positions
$MASS$BFLY$PVLA$TLSI
$903M
98 positions
#25DAFNA Capital Management LLCActive
Some overlap · 4 shared positions
$AXGN$ATRC$TNDM$EWTX
$440M
83 positions

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Similarity is derived from each fund’s latest 13F-HR filing with the SEC. Funds are ranked by the overlap of distinctive conviction holdings; near-universal mega-cap positions are excluded so the ranking reflects shared strategy, not common index exposure. Data is informational only and not investment advice.