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
AbbVie Inc COM 00287Y109 6,411 111,000 SH   SOLE   0 0 111,000
Abiomed Inc COM 003654100 2,998 120,736 SH   SOLE   0 0 120,736
Acadia Pharmaceuticals Inc COM 004225108 5,422 219,000 SH   SOLE   0 0 219,000
Achillion Pharmaceuticals Inc COM 00448Q201 1,996 200,000 SH   SOLE   0 0 200,000
Actavis Plc SHS G0083B108 4,826 20,000 SH   SOLE   0 0 20,000
Aegerion Pharmaceuticals Inc COM 00767E102 2,170 65,000 SH   SOLE   0 0 65,000
Aetna Inc COM 00817Y108 2,835 35,000 SH   SOLE   0 0 35,000
Aflac Inc COM 001055102 1,864 32,000 SH   SOLE   0 0 32,000
Alexion Pharmaceuticals Inc COM 015351109 9,618 58,000 SH   SOLE   0 0 58,000
Alkermes Plc SHS G01767105 11,403 266,000 SH   SOLE   0 0 266,000
Allergan Inc COM 018490102 2,940 16,500 SH   SOLE   0 0 16,500
Allscripts Healthcare So Inc COM 01988PAD0 2,817 210,000 SH   SOLE   0 0 210,000
Alnylam Pharmaceuticals Inc COM 02043Q107 1,018 13,030 SH   SOLE   0 0 13,030
AmerisourceBergen Corp COM 03073E105 3,865 50,000 SH   SOLE   0 0 50,000
Amgen Inc COM 031162100 3,231 23,000 SH   SOLE   0 0 23,000
Amsurg Corp COM 03232P405 2,117 42,300 SH   SOLE   0 0 42,300
Anthera Pharmaceuticals Inc COM 03674U201 768 400,000 SH   SOLE   0 0 400,000
Ariad Pharmaceuticals Inc COM 04033A100 2,284 423,000 SH   SOLE   0 0 423,000
Array BioPharma Inc COM 04269X105 1,354 379,199 SH   SOLE   0 0 379,199
Auxilium Pharmaceuticals Inc COM 05334DAA5 1,342 44,953 SH   SOLE   0 0 44,953
BIND Therapeutics Inc COM 05548N107 932 108,535 SH   SOLE   0 0 108,535
Biogen IDEC Inc COM 09062X103 9,593 29,000 SH   SOLE   0 0 29,000
BioMarin Pharmaceutical Inc COM 09061G101 6,639 92,000 SH   SOLE   0 0 92,000
Boston Scientific Corp COM 101137107 2,527 214,000 SH   SOLE   0 0 214,000
Bristol Myers Squibb Co COM 110122108 5,067 99,000 SH   SOLE   0 0 99,000
Cardinal Health Inc COM 14149Y108 4,420 59,000 SH   SOLE   0 0 59,000
CareFusion Corp COM 14170T101 2,036 45,000 SH   SOLE   0 0 45,000
Catamaran Corp COM 148887102 3,920 93,000 SH   SOLE   0 0 93,000
Celgene Corp COM 151020104 7,582 80,000 SH   SOLE   0 0 80,000
Celladon Corp COM 15117E107 2,684 256,556 SH   SOLE   0 0 256,556
Celldex Therapeutics Inc COM 15117B103 1,788 138,000 SH   SOLE   0 0 138,000
Centene Corp COM 15135B101 2,481 30,000 SH   SOLE   0 0 30,000
Cepheid Inc COM 15670R107 1,981 45,000 SH   SOLE   0 0 45,000
Cerner Corp COM 156782104 2,383 40,000 SH   SOLE   0 0 40,000
Cigna Corp COM 125509109 1,995 22,000 SH   SOLE   0 0 22,000
Clovis Oncology Inc COM 189464100 2,586 57,000 SH   SOLE   0 0 57,000
Community Health Syst Inc COM 203668108 4,328 79,000 SH   SOLE   0 0 79,000
Covidien Plc SHS G2554F113 6,575 76,000 SH   SOLE   0 0 76,000
CR Bard Inc COM 067383109 2,426 17,000 SH   SOLE   0 0 17,000
CVS Health Corp COM 126650100 5,730 72,000 SH   SOLE   0 0 72,000
Cyberonics Inc COM 23251P102 2,200 43,000 SH   SOLE   0 0 43,000
Dexcom Inc COM 252131107 4,239 106,000 SH   SOLE   0 0 106,000
Dynavax Technologies Corp COM 268158102 1,757 1,228,354 SH   SOLE   0 0 1,228,354
Edwards Lifesciences Corp COM 28176E108 2,043 20,000 SH   SOLE   0 0 20,000
Eli Lilly & Co COM 532457108 1,946 30,000 SH   SOLE   0 0 30,000
Endocyte Inc COM 29269A102 300 49,297 SH   SOLE   0 0 49,297
Endologix Inc COM 29266S106 2,120 200,000 SH   SOLE   0 0 200,000
Esperion Therapeutics Inc COM 29664W105 2,028 82,921 SH   SOLE   0 0 82,921
Exelixis Inc COM 30161Q104 765 500,000 SH   SOLE   0 0 500,000
Express Scripts Hg Co COM 30219G108 2,755 39,000 SH   SOLE   0 0 39,000
Gilead Sciences Inc COM 375558103 7,664 72,000 SH   SOLE   0 0 72,000
HCA Holdings Inc COM 40412C101 4,090 58,000 SH   SOLE   0 0 58,000
Hologic Inc COM 436440101 2,190 90,000 SH   SOLE   0 0 90,000
Hyperion Therapeutics Inc COM 44915N101 2,027 80,369 SH   SOLE   0 0 80,369
ImmunoGen Inc COM 45253H101 1,906 180,000 SH   SOLE   0 0 180,000
Incyte Corp Ltd COM 45337C102 5,248 107,000 SH   SOLE   0 0 107,000
Infinity Pharm Inc COM 45665G303 1,986 148,000 SH   SOLE   0 0 148,000
Insulet Corp COM 45784P101 2,318 62,911 SH   SOLE   0 0 62,911
Intercept Pharmaceuticals Inc COM 45845P108 4,402 18,600 SH   SOLE   0 0 18,600
Intra-Cellular Therapies Inc COM 46116X101 2,043 149,000 SH   SOLE   0 0 149,000
Isis Pharmaceuticals Inc COM 464330109 2,252 58,000 SH   SOLE   0 0 58,000
Jazz Pharmaceuticals Plc SHS G50871105 1,606 10,000 SH   SOLE   0 0 10,000
Johnson & Johnson COM 478160904 14,923 140,000 SH Call SOLE   0 0 140,000
Keryx Biopharmaceuticals Inc COM 492515101 1,870 136,000 SH   SOLE   0 0 136,000
Lexicon Pharmaceuticals Inc COM 528872104 416 294,805 SH   SOLE   0 0 294,805
Ligand Pharmaceuticals Inc B COM 53220K504 1,833 39,000 SH   SOLE   0 0 39,000
Macrogenics Inc COM 556099109 1,777 85,000 SH   SOLE   0 0 85,000
Masimo Corp COM 574795100 2,873 135,000 SH   SOLE   0 0 135,000
McKesson Corp COM 58155Q103 4,283 22,000 SH   SOLE   0 0 22,000
Medivation Inc COM 58501N101 3,757 38,000 SH   SOLE   0 0 38,000
Mednax Inc COM 58502B106 2,412 44,000 SH   SOLE   0 0 44,000
Medtronic Inc COM 585055106 4,522 73,000 SH   SOLE   0 0 73,000
Merck Co Inc COM 58933Y105 3,853 65,000 SH   SOLE   0 0 65,000
Myriad Genetics Inc COM 585055106 2,345 60,800 SH   SOLE   0 0 60,800
Nektar Therapeutics COM 640268108 6,132 508,000 SH   SOLE   0 0 508,000
NPS Pharmaceuticals Inc COM 62936P103 5,824 224,000 SH   SOLE   0 0 224,000
NuVasive Inc COM 670704105 1,883 54,000 SH   SOLE   0 0 54,000
Omnicare Inc COM 681904108 623 10,000 SH   SOLE   0 0 10,000
Orexigen Therapeutics Inc COM 686164104 2,104 494,000 SH   SOLE   0 0 494,000
Parexel Intl Corp COM 699462107 2,145 34,000 SH   SOLE   0 0 34,000
Pharmacyclics Inc COM 716933106 4,462 38,000 SH   SOLE   0 0 38,000
Regeneron Pharmaceuticals Inc COM 75886F107 4,598 13,000 SH   SOLE   0 0 13,000
Revance Therapeutics Inc COM 761330109 2,035 105,255 SH   SOLE   0 0 105,255
Rite Aid Corp COM 767754104 5,411 1,118,000 SH   SOLE   0 0 1,118,000
Salix Pharmaceutical Ltd COM 795435106 8,437 54,000 SH   SOLE   0 0 54,000
Sorrento Therapeutics Inc COM 83587F202 328 72,535 SH   SOLE   0 0 72,535
St Jude Medical Inc COM 790849103 3,427 57,000 SH   SOLE   0 0 57,000
Stryker Corp COM 863667101 1,696 21,000 SH   SOLE   0 0 21,000
Sunesis Pharmaceuticals Inc COM 867328601 1,436 201,171 SH   SOLE   0 0 201,171
Supernus Pharmaceuticals Inc COM 868459108 1,842 212,000 SH   SOLE   0 0 212,000
Tesaro Inc COM 881569107 1,481 55,000 SH   SOLE   0 0 55,000
Teva Pharma Ind Ltd ADR repr 1 Share COM 881624209 3,171 59,000 SH   SOLE   0 0 59,000
Thermo Fisher Scientific Inc COM 883556102 5,963 49,000 SH   SOLE   0 0 49,000
Thoratec Corp COM 885175307 3,576 133,800 SH   SOLE   0 0 133,800
Threshold Pharmaceuticals COM 885807206 439 121,537 SH   SOLE   0 0 121,537
United Health Group Inc COM 91324P102 3,019 35,000 SH   SOLE   0 0 35,000
Universal Health Services Inc B COM 913903100 10,314 98,700 SH   SOLE   0 0 98,700
Vertex Pharmaceuticals Inc COM 92532F100 4,829 43,000 SH   SOLE   0 0 43,000
Volcano Corp COM 928645100 470 44,221 SH   SOLE   0 0 44,221
WellPoint Inc COM 94973V107 4,186 35,000 SH   SOLE   0 0 35,000