FIRST LIGHT ASSET MANAGEMENT LLC
Q4 2022 Form 13-F
EDINA, MINNESOTA
CIK 0001600004
· CRD 168899
· SEC-registered investment adviser
$1.1B Reported Value Total
FIRST LIGHT ASSET MANAGEMENT, LLC reports 1,177 total accounts under management (AUM). There are 1,177 discretionary accounts valued at $1,264,020,395, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
4 funds
· $1.1B gross asset value
Hedge Fund: $1.1B
Source: Form ADV filed 2026-03-24
Reported value
$1.1B
Quarter over quarter
+7.6%
Holdings
74
Top-10 concentration
53.1%
Filing Structure
Key People
Form ADV owners & control persons
Mathew Paul Arens
MANAGING MEMBER, CEO, & SENIOR PORTFOLIO MANAGER
Brett Thomas Johnson
SENIOR RESEARCH ANALYST & FOUNDING PRINCIPAL
Kurt Terry Peterson
CHIEF FINANCIAL OFFICER & CHIEF COMPLIANCE OFFICER
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Q4 2022 13F record
Q4 2022 13F filing summary
| Period of report | December 31, 2022 |
|---|---|
| Filed | February 14, 2023 |
| Form | 13F-HR |
| Reported value | $1.1B |
| Positions | 74 |
| Change in reported value | +9.0% |
| New positions | 23 |
| Exited positions | 20 |
| Position turnover | 45.7% |
| Top-10 concentration | 53.1% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
31 | $1.6B |
|
Q1 2026 13F
Filed May 15, 2026
|
35 | $1.1B |
|
Q4 2025 13F
Filed Feb 17, 2026
|
33 | $1.3B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
41 | $1.1B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
38 | $771.3M |
|
Q1 2025 13F
Filed May 15, 2025
|
37 | $875.7M |
|
Q4 2024 13F
Filed Feb 14, 2025
|
36 | $1.0B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
38 | $1.2B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
44 | $1.1B |
|
Q1 2024 13F
Filed May 15, 2024
|
50 | $1.3B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
75 | $1.2B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
75 | $1.1B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
79 | $1.3B |
|
Q1 2023 13F
Filed May 15, 2023
|
74 | $1.1B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
74 | $1.1B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
71 | $988.1M |
|
Q2 2022 13F
Filed Aug 12, 2022
|
71 | $859.4M |
|
Q1 2022 13F
Filed May 13, 2022
|
75 | $1.1B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
79 | $1.4B |
|
Q3 2021 13F
Filed Nov 12, 2021
|
83 | $1.5B |
31 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q4 2022
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | MODN MODEL N INC | $92.6M | 8.59% |
| 2 | PRTA PROTHENA CORPORATION PLC | $92.5M | 8.59% |
| 3 | RETA REATA PHARMACEUTICALS INC | $78.4M | 7.27% |
| 4 | ATRC ATRICURE INC | $64.5M | 5.98% |
| 5 | SPNE SEASPINE HOLDINGS CORP | $57.4M | 5.33% |
| 6 | HALO HALOZYME THERAPEUTICS INC | $52.5M | 4.88% |
| 7 | KRYS KRYSTAL BIOTECH INC | $37.5M | 3.48% |
| 8 | ATEC ALPHATEC HOLDINGS INC | $36.1M | 3.35% |
| 9 | KRTX KARUNA THERAPEUTICS INC | $32.3M | 3.0% |
| 10 | SIBN SI-BONE INC | $28.6M | 2.66% |
| 11 | KROS KEROS THERAPEUTICS INC | $28.4M | 2.64% |
| 12 | PFMT PERFORMANT FINANCIAL CORPORATION | $26.7M | 2.48% |
| 13 | TNDM TANDEM DIABETES CARE INC | $26.3M | 2.45% |
| 14 | CUTRQ CUTERA INC | $25.1M | 2.33% |
| 15 | NEO NEOGENOMICS INC | $24.8M | 2.3% |
| 16 | CRNX CRINETICS PHARMACEUTICALS INC | $24.3M | 2.26% |
| 17 | AXGN AXOGEN INC | $23.7M | 2.2% |
| 18 | FNA PARAGON 28 INC | $23.6M | 2.19% |
| 19 | KRMD KORU MEDICAL SYSTEMS INC | $22.6M | 2.1% |
| 20 | BCYC BICYCLE THERAPEUTICS PLC | $20.6M | 1.91% |
Values as reported on the Q4 2022 Form 13F. Every position is in the holdings table below.