PFM HEALTH SCIENCES, LP other names

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Adviser Profile

As of Date:

06/24/2024

Adviser Type:

- Large advisory firm

Number of Employees:

20 -13.04%

of those in investment advisory functions:

10 11.11%

Registration:

SEC, Approved, 4/10/2008

AUM:

2,429,746,663 -25.63%

of that, discretionary:

2,429,746,663 -25.63%

Private Fund GAV:

2,429,746,663 -25.63%

Avg Account Size:

303,718,333 -16.34%

SMA’s:

NO

Private Funds:

6 1

Contact Info

415 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
7B 6B 5B 4B 3B 2B 989M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

PFM Health Sciences, LP Buys 1, Sells 4 in 4th Quarter
02/17/2023

Related Stocks: JAZZ, BMRN, VEEV, VERV, ISRG,

gurufocus.com

Former Theranos COO found guilty of fraud | HRD America
07/11/2022

Holmes was ultimately convicted of defrauding PFM Healthcare Master Fund, a San-Francisco based health-care hedge fund, out of more than $38 ...

hcamag.com

San Francisco hedge fund investor testifies Elizabeth Holmes lied about military use - YouTube
11/17/2021

Brian Grossman, a managing partner with PFM Health Sciences, invested $96 million in the Theranos, the failed blood testing startup after meeting ...

youtube.com

Professional investor tells of being duped by Theranos founder Elizabeth Holmes - The Irish Times
11/17/2021

Mr Grossman, a hedge fund manager at PFM Health Sciences, spent hours on Tuesday telling the jury in the fraud trial of Theranos founder Elizabeth ...

irishtimes.com

Suspicious Theranos Test Didn't Stop Fund's $96 Million Buy-In - Yahoo Finance
11/17/2021

Grossman, a hedge fund manager at PFM Health Sciences, spent hours Tuesday telling the jury in the fraud trial of Theranos founder Elizabeth ...

news.yahoo.com

PFM Health Sciences, LP Buys Erasca Inc, Caribou Biosciences Inc, Cytokinetics Inc, Sells , ...
11/16/2021

Related Stocks: CYTK, AZN, TMO, PEN, NVAX, HRTX, ERAS, CRBU, SOPH, CTLT, ISEE, STVN, ALXN, ACAD, MYOV, BAX, ARNA, LH,

gurufocus.com


Private Funds Structure

Fund Type Count GAV
Hedge Fund 2 $2,256,759,258
Private Equity Fund 4 $172,987,405

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Private Funds



Employees




Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
532457108 ELI LILLY & CO $270,385,399 13.00% 16.00% 0.00%
23282W605 CYTOKINETICS INC $95,204,663 5.00% -23.00% 0.00%
46090E103 INVESCO QQQ TR (CALL) $89,785,214 4.00%
58933Y105 MERCK & CO INC $73,817,112 4.00% -6.00% 0.00%
88033G407 TENET HEALTHCARE CORP $78,409,079 4.00% 27.00% 0.00%
92532F100 VERTEX PHARMACEUTICALS INC $69,769,909 3.00% 12.00% 0.00%
78464A870 SPDR SER TR (CALL) $55,116,095 3.00%
46120E602 INTUITIVE SURGICAL INC $61,089,916 3.00% 38.00% 24.00%
58155Q103 MCKESSON CORP $56,942,732 3.00% 9.00% 0.00%
28176E108 EDWARDS LIFESCIENCES CORP $68,377,816 3.00% -3.00% 0.00%

Brochure Summary

Overview

PFM is a Delaware limited partnership with its principal place of business in San Francisco, California. The Adviser serves as an investment adviser to private investment funds in which qualified investors invest directly (the “Offered Funds”). Certain Offered Funds (the “Feeder Funds”), in turn, invest substantially all of their assets in Cayman Islands’ exempted limited partnerships for which PFM serves as investment adviser (the “Master Funds,” and together with the Offered Funds, the “Funds” or “Clients”), which invest directly in investment instruments. The Adviser receives certain assistance in providing investment advice from its affiliates, Partner Advisory Services, L.P. (“PAS”), a Delaware limited partnership, and Partner Fund Management, Inc. (“PFMI”), a Delaware corporation. PFMI and PAS are referred to herein as the “Affiliated Advisers.” PFM has been in the investment advisory business since its inception in September 2004. Brian D. Grossman is the principal owner of and controls, directly and indirectly, the Adviser and Affiliated Advisers. As of January 1, 2024, the Adviser has approximately $2.4 billion of regulatory assets under management, all of which is managed on a discretionary basis. The Adviser has
broad discretion with respect to the Funds’ investment decisions, selection of brokers, dealers and other counterparties, and the amount of commissions or other compensation to be paid by the Funds. The Adviser provides investment advisory services to the Funds based on the particular investment objectives and strategies described in the relevant Offered Fund’s Offering Documents (defined below). Unless otherwise specified herein, all discussions relating to the Adviser relates equally to each of PFM and the Affiliated Advisers, as applicable. PFMI and PAS provide research services to the Adviser. PAS acts as a sub-advisor to PFM. All discussions of the Funds in this brochure, including but not limited to their investments, the strategies used in managing the Funds, the fees, allocations and other costs associated with an investment in the Funds, and conflicts of interest faced by the Adviser and its Affiliated Advisers in connection with management of the Funds are qualified in their entirety by reference to each Fund’s respective confidential private offering memorandum (if any) and the governing documents of that Fund (referred to collectively as “Offering Documents”).