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
Abiomed Inc COM 003654100 2,690 107,000 SH   SOLE   0 0 107,000
Acadia Pharmaceuticals Inc COM 004225108 5,196 230,000 SH   SOLE   0 0 230,000
Achillion Pharmaceuticals Inc COM 00448Q201 2,498 330,000 SH   SOLE   0 0 330,000
Actavis Plc SHS G0083B108 5,576 25,000 SH   SOLE   0 0 25,000
Aegerion Pharmaceuticals Inc COM 00767E102 1,346 41,931 SH   SOLE   0 0 41,931
Aetna Inc COM 00817Y108 1,216 15,000 SH   SOLE   0 0 15,000
Aflac Inc COM 001055102 2,210 35,500 SH   SOLE   0 0 35,500
Alexion Pharmaceuticals Inc COM 015351109 14,531 93,000 SH   SOLE   0 0 93,000
Alkermes Plc SHS G01767105 8,455 168,000 SH   SOLE   0 0 168,000
Allergan Inc COM 018490102 6,769 40,000 SH   SOLE   0 0 40,000
AmerisourceBergen Corp COM 03073E105 2,071 28,500 SH   SOLE   0 0 28,500
Amgen Inc COM 031162100 1,776 15,000 SH   SOLE   0 0 15,000
Amsurg Corp COM 03232P405 1,244 27,300 SH   SOLE   0 0 27,300
Anthera Pharmaceuticals Inc COM 03674U201 1,017 300,000 SH   SOLE   0 0 300,000
Ariad Pharmaceuticals Inc COM 04033A100 2,484 390,000 SH   SOLE   0 0 390,000
Array BioPharma Inc COM 04269X105 1,501 329,199 SH   SOLE   0 0 329,199
BIND Therapeutics Inc COM 05548N107 1,430 108,535 SH   SOLE   0 0 108,535
Biogen IDEC Inc COM 09062X103 15,766 50,000 SH   SOLE   0 0 50,000
BioMarin Pharmaceutical Inc COM 09061G101 9,332 150,000 SH   SOLE   0 0 150,000
Boston Scientific Corp COM 101137107 5,300 415,000 SH   SOLE   0 0 415,000
Bristol Myers Squibb Co COM 110122108 4,123 85,000 SH   SOLE   0 0 85,000
Cardinal Health Inc COM 14149Y108 6,787 99,000 SH   SOLE   0 0 99,000
CareFusion Corp COM 14170T101 2,218 50,000 SH   SOLE   0 0 50,000
Catamaran Corp COM 148887102 3,091 70,000 SH   SOLE   0 0 70,000
Celgene Corp COM 151020104 13,464 156,781 SH   SOLE   0 0 156,781
Celladon Corp COM 15117E107 737 46,000 SH   SOLE   0 0 46,000
Celldex Therapeutics Inc COM 15117B103 3,248 199,000 SH   SOLE   0 0 199,000
Centene Corp COM 15135B101 2,646 35,000 SH   SOLE   0 0 35,000
Cepheid Inc COM 15670R107 1,678 35,000 SH   SOLE   0 0 35,000
Cerner Corp COM 156782104 1,805 35,000 SH   SOLE   0 0 35,000
Cigna Corp COM 125509109 5,058 55,000 SH   SOLE   0 0 55,000
Clovis Oncology Inc COM 189464100 3,727 90,000 SH   SOLE   0 0 90,000
Community Health Syst Inc COM 203668108 4,628 102,000 SH   SOLE   0 0 102,000
Covidien Plc SHS G2554F113 15,421 171,000 SH   SOLE   0 0 171,000
CR Bard Inc COM 067383109 2,145 15,000 SH   SOLE   0 0 15,000
CVS Caremark Corp COM 126650100 3,769 50,000 SH   SOLE   0 0 50,000
Cyberonics Inc COM 23251P102 4,622 74,000 SH   SOLE   0 0 74,000
Dexcom Inc COM 252131107 3,966 100,000 SH   SOLE   0 0 100,000
Dynavax Technologies Corp COM 268158102 1,965 1,228,354 SH   SOLE   0 0 1,228,354
Edwards Lifesciences Corp COM 28176E108 3,004 35,000 SH   SOLE   0 0 35,000
Eli Lilly & Co COM 532457108 2,767 44,500 SH   SOLE   0 0 44,500
Endocyte Inc COM 29269A102 325 49,297 SH   SOLE   0 0 49,297
Endologix Inc COM 29266S106 3,118 205,000 SH   SOLE   0 0 205,000
Exelixis Inc COM 30161Q104 1,017 300,000 SH   SOLE   0 0 300,000
Express Scripts Hg Co COM 30219G108 693 10,000 SH   SOLE   0 0 10,000
Gilead Sciences Inc COM 375558103 14,924 180,000 SH   SOLE   0 0 180,000
Haemonetics Corp COM 405024100 354 10,047 SH   SOLE   0 0 10,047
HCA Holdings Inc COM 40412C101 3,383 60,000 SH   SOLE   0 0 60,000
Hologic Inc COM 436440101 1,851 73,000 SH   SOLE   0 0 73,000
Hyperion Therapeutics Inc COM 44915N101 1,837 70,369 SH   SOLE   0 0 70,369
Idenix Pharmaceuticals Inc COM 45166R204 2,340 97,100 SH   SOLE   0 0 97,100
ImmunoGen Inc COM 45253H101 1,170 98,702 SH   SOLE   0 0 98,702
Incyte Corp Ltd COM 45337C102 7,507 133,000 SH   SOLE   0 0 133,000
Infinity Pharm Inc COM 45665G303 1,443 113,273 SH   SOLE   0 0 113,273
Insulet Corp COM 45784P101 3,967 100,000 SH   SOLE   0 0 100,000
Intra-Cellular Therapies Inc COM 46116X101 1,657 98,269 SH   SOLE   0 0 98,269
Intuitive Surgical Inc COM 46120E602 1,030 2,500 SH   SOLE   0 0 2,500
Isis Pharmaceuticals Inc COM 464330109 1,240 36,000 SH   SOLE   0 0 36,000
Keryx Biopharmaceuticals Inc COM 492515101 3,691 240,000 SH   SOLE   0 0 240,000
Lexicon Pharmaceuticals Inc COM 528872104 475 294,805 SH   SOLE   0 0 294,805
Ligand Pharmaceuticals Inc B COM 53220K504 2,616 42,000 SH   SOLE   0 0 42,000
Macrogenics Inc COM 556099109 1,304 60,000 SH   SOLE   0 0 60,000
Masimo Corp COM 574795100 2,053 87,000 SH   SOLE   0 0 87,000
McKesson Corp COM 58155Q103 4,004 21,500 SH   SOLE   0 0 21,500
Medivation Inc COM 58501N101 4,008 52,000 SH   SOLE   0 0 52,000
Mednax Inc COM 58502B106 1,745 30,000 SH   SOLE   0 0 30,000
Merck Co Inc COM 58933Y105 4,512 78,000 SH   SOLE   0 0 78,000
Myriad Genetics Inc COM 62855J104 3,114 80,000 SH   SOLE   0 0 80,000
Nektar Therapeutics COM 640268108 3,333 260,000 SH   SOLE   0 0 260,000
NPS Pharmaceuticals Inc COM 62936P103 2,214 67,000 SH   SOLE   0 0 67,000
NuVasive Inc COM 670704105 2,703 76,000 SH   SOLE   0 0 76,000
Omnicare Inc COM 681904108 1,897 28,500 SH   SOLE   0 0 28,500
Orexigen Therapeutics Inc COM 686164104 1,855 300,199 SH   SOLE   0 0 300,199
Parexel Intl Corp COM 699462107 2,906 55,000 SH   SOLE   0 0 55,000
Pharmacyclics Inc COM 716933106 4,934 55,000 SH   SOLE   0 0 55,000
Regeneron Pharmaceuticals Inc COM 75886F107 6,356 22,500 SH   SOLE   0 0 22,500
Revance Therapeutics Inc COM 761330109 2,788 82,000 SH   SOLE   0 0 82,000
Rite Aid Corp COM 767754104 1,864 260,000 SH   SOLE   0 0 260,000
Salix Pharmaceutical Ltd COM 795435106 5,365 43,493 SH   SOLE   0 0 43,493
Sorrento Therapeutics Inc COM 83587F202 490 72,535 SH   SOLE   0 0 72,535
St Jude Medical Inc COM 790849103 2,770 40,000 SH   SOLE   0 0 40,000
Stryker Corp COM 863667101 1,265 15,000 SH   SOLE   0 0 15,000
Sunesis Pharmaceuticals Inc COM 867328601 1,312 201,171 SH   SOLE   0 0 201,171
Supernus Pharmaceuticals Inc COM 868459108 2,486 227,000 SH   SOLE   0 0 227,000
Tesaro Inc COM 881569107 1,711 55,000 SH   SOLE   0 0 55,000
Teva Pharma Ind Ltd ADR repr 1 Share ADR 881624209 1,311 25,000 SH   SOLE   0 0 25,000
Thermo Fisher Scientific Inc COM 883556102 3,894 33,000 SH   SOLE   0 0 33,000
Thoratec Corp COM 885175307 2,353 67,500 SH   SOLE   0 0 67,500
Threshold Pharmaceuticals COM 885807206 481 121,537 SH   SOLE   0 0 121,537
United Health Group Inc COM 91324P102 2,616 32,000 SH   SOLE   0 0 32,000
Universal Health Services Inc B COM 913903100 2,873 30,000 SH   SOLE   0 0 30,000
Varian Medical Systems Inc COM 92220P105 2,827 34,000 SH   SOLE   0 0 34,000
Vertex Pharmaceuticals Inc COM 92532F100 9,619 101,600 SH   SOLE   0 0 101,600
Volcano Corp COM 928645100 779 44,221 SH   SOLE   0 0 44,221
WellPoint Inc COM 94973V107 3,013 28,000 SH   SOLE   0 0 28,000
Zimmer Holdings Inc COM 98956P102 2,337 22,500 SH   SOLE   0 0 22,500