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 NOTE 3.750% 8/0 004397AB1 443 500,000 PRN   SOLE   500,000 0 0
ALIGN TECHNOLOGY INC COM 016255101 27,056 807,400 SH   SOLE   807,400 0 0
AMICUS THERAPEUTICS INC COM 03152W109 6,313 1,991,490 SH   SOLE   1,991,490 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 14,770 816,909 SH   SOLE   816,909 0 0
ARRAY BIOPHARMA INC COM 04269X105 23,195 4,724,020 SH   SOLE   4,724,020 0 0
ARTHROCARE CORP COM 043136100 4,240 121,978 SH   SOLE   121,978 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 12,595 252,000 SH   SOLE   252,000 0 0
BIOSPECIFICS TECHNOLOGIES CO COM 090931106 5,322 312,152 SH   SOLE   312,152 0 0
BROOKDALE SR LIVING INC COM 112463104 10,447 374,700 SH   SOLE   374,700 0 0
CAPITAL SR LIVING CORP COM 140475104 6,816 257,900 SH   SOLE   257,900 0 0
CARDINAL HEALTH INC COM 14149Y108 2,747 66,000 SH   SOLE   66,000 0 0
CEPHEID COM 15670R107 6,331 165,000 SH   SOLE   165,000 0 0
CERUS CORP COM 157085101 6,746 1,526,200 SH   SOLE   1,526,200 0 0
CLOVIS ONCOLOGY INC COM 189464100 14,257 497,277 SH   SOLE   497,277 0 0
CONCEPTUS INC COM 206016107 14,045 581,572 SH   SOLE   581,572 0 0
CYBERONICS INC COM 23251P102 7,783 166,300 SH   SOLE   166,300 0 0
CYCLACEL PHARMACEUTICALS INC COM NEW 23254L306 3,228 577,465 SH   SOLE   577,465 0 0
DYNAVAX TECHNOLOGIES CORP COM 268158102 10,010 4,508,797 SH   SOLE   4,508,797 0 0
EXELIXIS INC COM 30161Q104 103 22,300 SH   SOLE   22,300 0 0
EXELIXIS INC NOTE 4.250% 8/1 30161QAC8 4,935 5,000,000 PRN   SOLE   5,000,000 0 0
GILEAD SCIENCES INC COM 375558103 35,557 726,540 SH   SOLE   726,540 0 0
GIVEN IMAGING ORD SHS M52020100 409 25,000 SH   SOLE   25,000 0 0
GLOBUS MED INC CL A 379577208 8,006 545,400 SH   SOLE   545,400 0 0
GREENWAY MED TECHNOLOGIES IN COM 39679B103 2,541 159,815 SH   SOLE   159,815 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 12,350 425,700 SH   SOLE   425,700 0 0
HCA HOLDINGS INC COM 40412C101 13,290 327,100 SH   SOLE   327,100 0 0
HEALTH MGMT ASSOC INC NEW CL A 421933102 156 12,120 SH   SOLE   12,120 0 0
HEARTWARE INTL INC COM 422368100 16,693 188,825 SH   SOLE   188,825 0 0
HOLOGIC INC COM 436440101 219 9,700 SH   SOLE   9,700 0 0
IDENIX PHARMACEUTICALS INC COM 45166R204 107 30,200 SH   SOLE   30,200 0 0
IMPAX LABORATORIES INC COM 45256B101 10,105 654,500 SH   SOLE   654,500 0 0
INSULET CORP COM 45784P101 17,440 674,400 SH   SOLE   674,400 0 0
ISHARES TR DJ HEALTH CARE 464288828 284 3,700 SH   SOLE   3,700 0 0
ISHARES TR RUSSELL 2000 464287655 66,101 700,000 SH Put SOLE   700,000 0 0
KYTHERA BIOPHARMACEUTICALS I COM 501570105 2,634 108,118 SH   SOLE   108,118 0 0
MARKET VECTORS ETF TR PHARMACEUTICAL 57060U217 293 6,500 SH   SOLE   6,500 0 0
MOMENTA PHARMACEUTICALS INC COM 60877T100 179 13,400 SH   SOLE   13,400 0 0
NEUROCRINE BIOSCIENCES INC COM 64125C109 9,612 790,800 SH   SOLE   790,800 0 0
NUVASIVE INC COM 670704105 3,523 165,328 SH   SOLE   165,328 0 0
ONYX PHARMACEUTICALS INC COM 683399109 35,722 402,001 SH   SOLE   402,001 0 0
OPTIMER PHARMACEUTICALS INC COM 68401H104 8,985 755,000 SH   SOLE   755,000 0 0
OREXIGEN THERAPEUTICS INC COM 686164104 8,421 1,345,240 SH   SOLE   1,345,240 0 0
PFIZER INC COM 717081103 19,253 667,100 SH   SOLE   667,100 0 0
PUMA BIOTECHNOLOGY INC COM 74587V107 17,878 535,428 SH   SOLE   535,428 0 0
SALIX PHARMACEUTICALS INC COM 795435106 19,146 374,100 SH   SOLE   374,100 0 0
SIRONA DENTAL SYSTEMS INC COM 82966C103 13,183 178,800 SH   SOLE   178,800 0 0
TRIUS THERAPEUTICS INC COM 89685K100 5,323 778,250 SH   SOLE   778,250 0 0
UNITEDHEALTH GROUP INC COM 91324P102 286 5,000 SH   SOLE   5,000 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 24,820 388,600 SH   SOLE   388,600 0 0
VANGUARD HEALTH SYS INC COM 922036207 10,909 733,600 SH   SOLE   733,600 0 0