FIRST TURN MANAGEMENT, LLC
Adviser information for FIRST TURN MANAGEMENT, LLC last updated from Form ADV on March 28th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Delaware, United States |
Employees
| Total Number of Employees | 2 |
|---|---|
| Investment Advisory/Research | 2 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 0 |
| Licensed Agents of an Insurance Company | 0 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 3 | $711.6M |
| Non-Discretionary | 0 | $0 |
| Total | 3 | $711.6M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 0 | $0 |
| HNW Individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 1 | $71.4M |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 1 | $26.2M |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 1 | $614.0M |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 87 |
| No. of Financial Planning Clients | 0 |
Services
| Advisory Services | Portfolio management for individuals and/or small businessesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clients |
|---|---|
| Compensation | % of AUMPerformance-based fees |
| Other Business Activities | Commodity pool operator or commodity trading advisor |
Principal Office
1155 CAMINO DEL MARSUITE 734
DEL MAR
CA
United States
Monday - Friday, 6 A.M. - 3 P.M.
Tel: 310-902-0958, Fax: None
Chief Compliance Officer
CATHERINE NEWCOMB
1155 CAMINO DEL MAR
SUITE 734
DEL MAR
CA
United States
Tel:
858-759-4545
C*********@****************M
(Full email address available in API data)
Regulatory Contact
LISA WHEATLEY
DIRECTOR; MANAGING MEMBER; PORTFOLIO MANAGER
1155 CAMINO DEL MAR
SUITE 734
DEL MAR
CA
United States
Tel:
310-902-0958
L********@****************M
(Full email address available in API data)
Industry Affiliates
| FIRST TURN GP, LLC | Sponsor, GP, manager of pooled investment vehicles |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|---|---|---|---|
| FIRST TURN, LP | Hedge Fund | $71.4M | $1.0M | 56 |
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| WCW CAPITAL, LLC | Domestic Entity | – | MEMBER | 07/2023 | 50-75% |
| CEDB, LLC | Domestic Entity | – | MEMBER | 07/2023 | 10-25% |
| RAMIQ, INC. CASH BALANCE PLAN (FKA TAM INVESTORS, LLC CASH BALANCE PLAN) | Domestic Entity | – | MEMBER | 07/2023 | 10-25% |
| LANSARA ADVISORS, INC. CASH BALANCE PLAN | Domestic Entity | – | MEMBER | 07/2023 | 10-25% |
| WHEATLEY, LISA, GABLE | Individual | WCW CAPITAL, LLC | MANAGER | 05/2023 | > 75% |
| WHEATLEY, LISA, GABLE | Individual | – | DIRECTOR, MANAGING PARTNER & PORTFOLIO MANAGER | 07/2023 | < 5% |
| RF MANAGER, LLC | Domestic Entity | CEDB, LLC | MANAGER | 05/2021 | |
| CE SOLO K PLAN | Domestic Entity | CEDB, LLC | SOLE MEMBER | 12/2006 | > 75% |
| NEWCOMB, CATHERINE, REVELLE | Individual | – | CHIEF COMPLIANCE OFFICER | 07/2023 | < 5% |
| MURPHY, TRACY, AUSTIN | Individual | – | DIRECTOR | 07/2023 | < 5% |
| ROSETTA, STEPHEN, ALLYN | Individual | – | DIRECTOR | 07/2023 | < 5% |
No. Employees, Historic
RAUM, Historic
No. Clients, Historic
Holdings
From latest 13F, filed August 7th, 2024 for period ending June 30th, 2024
| Name | Class | Value $USD | # Shares | Private Fund |
|---|---|---|---|---|
| ALPHATEC HLDGS INC | COM NEW | 14M | 1M | – |
| APOGEE THERAPEUTICS INC | COM | 13M | 318K | – |
| ARGENX SE | SPONSORED ADR | 34M | 80K | – |
| ASCENDIS PHARMA A/S | SPONSORED ADR | 25M | 187K | – |
| AXSOME THERAPEUTICS INC | COM | 27M | 337K | – |
| BIOHAVEN LTD | COM | 13M | 366K | – |
| BLUEPRINT MEDICINES CORP | COM | 20M | 185K | – |
| CRINETICS PHARMACEUTICALS IN | COM | 17M | 369K | – |
| CYTOKINETICS INC | COM NEW | 16M | 293K | – |
| DEXCOM INC | COM | 18M | 160K | – |
| DISC MEDICINE INC | COM | 6M | 139K | – |
| ENLIVEN THERAPEUTICS INC | COM | 10M | 413K | – |
| ESTABLISHMENT LABS HLDGS INC | COM | 17M | 370K | – |
| IDEAYA BIOSCIENCES INC | COM | 14M | 398K | – |
| IMMUNOCORE HLDGS PLC | ADS | 10M | 291K | – |
| IMMUNOVANT INC | COM | 18M | 695K | – |
| INSMED INC | COM PAR $.01 | 22M | 323K | – |
| INTRA-CELLULAR THERAPIES INC | COM | 24M | 347K | – |
| INTUITIVE SURGICAL INC | COM NEW | 19M | 42K | – |
| KALVISTA PHARMACEUTICALS INC | COM | 12M | 1M | – |
| KRYSTAL BIOTECH INC | COM | 20M | 109K | – |
| MERUS N V | COM | 19M | 322K | – |
| MIRUM PHARMACEUTICALS INC | COM | 24M | 703K | – |
| NUVALENT INC | COM | 19M | 252K | – |
| ORIC PHARMACEUTICALS INC | COM | 11M | 2M | – |
| REVOLUTION MEDICINES INC | COM | 13M | 330K | – |
| ROCKET PHARMACEUTICALS INC | COM | 12M | 561K | – |
| SAREPTA THERAPEUTICS INC | COM | 29M | 182K | – |
| SILENCE THERAPEUTICS PLC | ADS | 10M | 537K | – |
| SPYRE THERAPEUTICS INC | COM NEW | 11M | 464K | – |
| SYNDAX PHARMACEUTICALS INC | COM | 13M | 640K | – |
| TRANSMEDICS GROUP INC | COM | 21M | 140K | – |
| VAXCYTE INC | COM | 20M | 260K | – |
| VERA THERAPEUTICS INC | CL A | 8M | 213K | – |
| VERTEX PHARMACEUTICALS INC | COM | 24M | 51K | – |
| XENON PHARMACEUTICALS INC | COM | 13M | 340K | – |