Hedge Fund Database

FIRST LIGHT ASSET MANAGEMENT, LLC

Adviser information for FIRST LIGHT ASSET MANAGEMENT, LLC last updated from Form ADV on March 22nd, 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 14
Investment Advisory/Research 8
Registered Broker-Dealer Representatives 0
Registered State Investment Advisers 3
Licensed Agents of an Insurance Company 0
No. of Firms/People that Solicit Clients 2

RAUM

Provides Management of Securities Portfolios Yes
Type Accounts RAUM
Discretionary 1,165 $1.4B
Non-Discretionary 0 $0
Total 1,165 $1.4B

Clients

Type Number RAUM
Individuals 218 $41.5M
HNW Individuals 893 $460.1M
Banking or thrift institutions 0 $0
Investment companies 0 $0
Business development companies 0 $0
Pooled investment vehicles 5 $759.1M
Pension and profit sharing plans 10 $6.1M
Charitable organizations 9 $4.5M
State or municipal gov entities 0 $0
Other investment advisers 0 $0
Insurance companies 0 $0
Sovereign wealth funds and foreign official institutions 0 $0
Corporations or other businesses 29 $28.3M
Other 1 $88.3M
Type Number
No. of Non-RAUM Clients 0
No. of Non-U.S. Clients 5

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

Wrap Fee Program

Offers Wrap Fee Program Yes
Acting As RAUM
Sponsor 0
Portfolio Manager 392.4M
Both for Same 0
Portfolio Manager to Program Sponsor
PRIVATE ADVISOR NETWORK WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC
FIDELITY SEPARATE ACCOUNT NETWORK FIDELITY BROKERAGE SERVICES LLC
INVESTMENT MANAGEMENT SERVICES MORGAN STANLEY
OUTSIDE MANAGED (OSM) PROGRAM RAYMOND JAMES & ASSOCIATES, INC.
MANAGED ACCOUNT PROGRAM RBC CAPITAL MARKETS, LLC

Identifiers

SEC RIA File Number 801-78528
SEC ERA File Number 801-78528
SEC CIK Numbers 1600004
SEC CRD Numbers 168899
Legal Entity Identifier 5493001ZHNPAW2EPPX73

Principal Office

3300 EDINBOROUGH WAY
SUITE 201
EDINA
MN
United States
Monday - Friday, 8AM-4:30PM
Tel: 952-831-6500, Fax: 952-314-9600

Websites

www.firstlightam.com www.linkedin.com/company/first-light-asset-management

Chief Compliance Officer

KURT PETERSON
3300 EDINBOROUGH WAY
SUITE 201
EDINA
MN
United States
Tel: 952-831-6500
Fax: 952-314-9600
(Full email address available in API data)

Regulatory Contact

MATHEW P. ARENS
MANAGING MEMBER, CEO & SENIOR PORTFOLIO MANAGER
3300 EDINBOROUGH WAY
SUITE 201
EDINA
MN
United States
Tel: 952-831-6500
Fax: 952-314-9600
(Full email address available in API data)

Industry Affiliates

FIRST LIGHT FOCUS FUND GP, LLC Sponsor, GP, manager of pooled investment vehicles
FIRST LIGHT PRISM FUND GP, LLC Sponsor, GP, manager of pooled investment vehicles

Private Funds

Name Type Assets $USD Min Investment $USD No. Owners
FIRST LIGHT FOCUS (QP) FUND, LP Hedge Fund $104.4M $1.0M 15
FIRST LIGHT FOCUS FUND, LP Hedge Fund $477.1M $1.0M 82
FIRST LIGHT PRISM FUND, LP Hedge Fund $177.6M $1.0M 62

Control Persons

Name Type Entity Title Since Ownership
MATHEW ARENS 2021 IRREVOCABLE TRUST Domestic Entity – MEMBER 12/2021 25-50%
ARENS, MATHEW, PAUL Individual – MANAGING MEMBER, CEO, & SENIOR PORTFOLIO MANAGER 09/2013 50-75%
JOHNSON, BRETT, THOMAS Individual – SENIOR RESEARCH ANALYST & FOUNDING PRINCIPAL 09/2018 5-10%
PETERSON, KURT, TERRY Individual – CHIEF FINANCIAL OFFICER & CHIEF COMPLIANCE OFFICER 03/2023 < 5%
FIRST TRUST COMPANY, LLC Domestic Entity MATHEW ARENS 2021 IRREVOCABLE TRUST TRUSTEE 10/2021

No. Employees, Historic

2010020202021202220232024202513 on 3/30/202013 on 6/8/202013 on 6/29/202013 on 1/15/202113 on 3/9/202113 on 5/28/202113 on 11/1/202113 on 3/29/202213 on 7/15/202211 on 3/31/202314 on 3/22/2024

RAUM, Historic

2B1B0202020212022202320242025746651297 on 3/30/2020746651297 on 6/8/2020746651297 on 6/29/20201400003777 on 1/15/20211400003777 on 3/9/20211400003777 on 5/28/20211400003777 on 11/1/20211460778244 on 3/29/20221460778244 on 7/15/20221264020395 on 3/31/20231387863426 on 3/22/2024

No. Clients, Historic

2,0001,0000202020212022202320242025920 on 3/30/2020920 on 6/8/2020920 on 6/29/2020996 on 1/15/2021996 on 3/9/2021996 on 5/28/2021996 on 11/1/20211138 on 3/29/20221138 on 7/15/20221177 on 3/31/20231165 on 3/22/2024

Holdings

From latest 13F, filed August 14th, 2024 for period ending June 30th, 2024
Name Class Value $USD # Shares Private Fund
ALPHATEC HOLDINGS INC Common Stocks 56M 5M –
ANAPTYS BIO INC Common Stocks 20M 779K –
ASCENDIS PHARMA A/S Common Stocks 5M 36K –
ATRICURE INC Common Stocks 45M 2M –
AVANTOR INC Common Stocks 13M 596K –
AXOGEN INC Common Stocks 24M 3M –
BICYCLE THERAPEUTICS PLC Common Stocks 28M 1M –
CENTENE CORPORATION Common Stocks 6M 89K –
CENTESSA PHARMACEUTICALS LIMITED Common Stocks 43M 5M –
CRINETICS PHARMACEUTICALS INC Common Stocks 54M 1M –
DYNE THERAPEUTICS INC Common Stocks 13M 382K –
EVOLENT HEALTH INC Common Stocks 28M 1M –
EXACT SCIENCES CORP Common Stocks 5M 125K –
GUARDANT HEALTH Common Stocks 12M 417K –
HEALTH CATALYST INC Common Stocks 25M 4M –
HUMANA INC Common Stocks 6M 16K –
INARI MEDICAL INC. Common Stocks 23M 472K –
INSMED INC Common Stocks 37M 551K –
INSPIRE MEDICAL SYSTEMS INC Common Stocks 4M 28K –
INSULET CORP Common Stocks 44M 216K –
KORU MEDICAL SYSTEMS INC Common Stocks 13M 5M –
LIVANOVA PLC Common Stocks 39M 710K –
NATERA INC Common Stocks 40M 369K –
NEOGENOMICS INC Common Stocks 52M 4M –
OPTIMIZERX CORP Common Stocks 18M 2M –
OSCAR HEALTH INC CLASS A Common Stocks 30M 2M –
PARAGON 28 INC Common Stocks 56M 8M –
PENUMBRA INC. Common Stocks 8M 43K –
PERFORMANT FINANCIAL CORPORATION Common Stocks 30M 11M –
PLIANT THERAPEUTICS INC Common Stocks 37M 3M –
R1 RCM INC Common Stocks 31M 2M –
SAVARA INC Common Stocks 8M 2M –
SI-BONE INC Common Stocks 32M 2M –
SIMULATIONS PLUS INC Common Stocks 1M 28K –
SONENDO INC Common Stocks 350K 5M –
STEVANATO GROUP SPA Common Stocks 5M 273K –
STRUCTURE THERAPEUTICS INC Common Stocks 23M 591K –
TACTILE SYSTEMS TECHNOLOGY INC Common Stocks 16M 1M –
TANDEM DIABETES CARE INC Common Stocks 29M 708K –
TRANSMEDICS GROUP INC Common Stocks 45M 301K –
ULTRAGENYX PHARMACEUTICAL INC Common Stocks 40M 963K –
VAXCYTE INC Common Stocks 11M 140K –
VERA THERAPEUTICS INC Common Stocks 36M 1M –
XENON PHARMACEUTICALS Common Stocks 51M 1M –