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Hedge Funds Similar to First Light Asset

13F Portfolio OverlapQ2 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 $1.6B across 31 U.S. equity positions as of Q2 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, Affinity Asset Advisors, First Turn, with shared positions in $NEO, $AXGN, $SIBN, $APGE, $TWST, $MASS. The full ranking of 25 similar funds is below.

#1HighMark Wealth Management LLCActive
Highly similar · 14 shared positions
$NEO$AXGN$SIBN$APGE$TWST$MASS
$299M
565 positions
#2Affinity Asset Advisors, LLCActive
Notable overlap · 4 shared positions
$APGE$ANAB$TRVI$ELVN
$2.2B
113 positions
#3First Turn Management, LLCActive
Notable overlap · 5 shared positions
$ELVN$PVLA$APGE$PCVX$RYTM
$935M
31 positions
#4Novo Holdings A/SActive
Notable overlap · 4 shared positions
$ELVN$CRNX$EWTX$PCVX
$1.7B
25 positions
#5ORBIMED ADVISORS LLCActive
Notable overlap · 4 shared positions
$ELVN$EWTX$GH$PVLA
$5.4B
129 positions
#6CADIAN CAPITAL MANAGEMENT, LPActive
Notable overlap · 3 shared positions
$SIBN$GH$TCMD
$1.3B
28 positions
#7SILVERARC CAPITAL MANAGEMENT, LLCActive
Notable overlap · 6 shared positions
$ELVN$GH$TRVI$PCVX$WGS$RYTM
$962M
73 positions
#8PERCEPTIVE ADVISORS LLCActive
Notable overlap · 4 shared positions
$APGE$EWTX$AMLX$RYTM
$6.7B
109 positions
#9PERKINS CAPITAL MANAGEMENT INCActive
Notable overlap · 4 shared positions
$AXGN$BFLY$NEO$TLSI
$133M
79 positions
#10KVP Capital Advisors, LPActive
Notable overlap · 3 shared positions
$TNDM$EWTX$TRVI
$136M
35 positions
#11Siren, L.L.C.Active
Notable overlap · 6 shared positions
$EWTX$ELVN$SEPN$CRNX$PVLA$RYTM
$4.9B
117 positions
#12NEXTBio Capital Management LPActive
Notable overlap · 3 shared positions
$PVLA$PCVX$RYTM
$217M
22 positions
#13BRAIDWELL LPActive
Some overlap · 4 shared positions
$NEO$EWTX$IRTC$RYTM
$2.7B
86 positions
#14Paradigm Biocapital Advisors LPActive
Some overlap · 3 shared positions
$APGE$EWTX$PCVX
$5.3B
28 positions
#15Exome Asset Management LLCActive
Some overlap · 3 shared positions
$GH$ELVN$RYTM
$162M
52 positions
#16Opaleye Management Inc.Active
Some overlap · 4 shared positions
$APGE$EWTX$RYTM$TRVI
$1.1B
58 positions
#17Science & Technology Partners, L.P.Active
Some overlap · 3 shared positions
$GH$TWST$WGS
$593M
84 positions
#18MPM BioImpact LLCActive
Some overlap · 3 shared positions
$EWTX$TRVI$PVLA
$1.6B
37 positions
#19Saturn V Capital Management LPActive
Some overlap · 3 shared positions
$AMLX$TRVI$PCVX
$697M
23 positions
#20RA CAPITAL MANAGEMENT, L.P.Smart money
Some overlap · 4 shared positions
$EWTX$SEPN$PCVX$RYTM
$11.5B
84 positions
#21Jones Hill Capital LPActive
Some overlap · 3 shared positions
$AMLX$TRVI$ELVN
$470M
29 positions
#22EVENTIDE ASSET MANAGEMENT, LLCPassive
Some overlap · 3 shared positions
$GH$IRTC$PCVX
$7.5B
301 positions
#23ADAR1 Capital Management, LLCActive
Some overlap · 5 shared positions
$CRNX$SEPN$ELVN$ESTA$RYTM
$2.2B
277 positions
#24DAFNA Capital Management LLCActive
Some overlap · 4 shared positions
$AXGN$EWTX$TNDM$ATRC
$524M
88 positions
#25DRIEHAUS CAPITAL MANAGEMENT LLCPassive
Some overlap · 5 shared positions
$CRNX$APGE$GH$EWTX$SEPN
$17.3B
354 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.