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      <invstOrSec>
        <name>Viridian Therapeutics Inc</name>
        <lei>549300C775BNYF550E70</lei>
        <title>Viridian Therapeutics Inc COM</title>
        <cusip>92790C104</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Biomarin Pharmaceutical Inc.</name>
        <lei>NSLL8ITTRR0J5HEMR848</lei>
        <title>Biomarin Pharmaceutical Inc. COM</title>
        <cusip>09061G101</cusip>
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          <isin value="US09061G1013"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Penumbra Inc.</name>
        <lei>549300RGE06P3ECANU72</lei>
        <title>Penumbra Inc. COM</title>
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          <isin value="US70975L1070"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mettler-Toledo International Inc</name>
        <lei>5493000BD5GJNUDIUG10</lei>
        <title>Mettler-Toledo International Inc COM</title>
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          <isin value="US5926881054"/>
          <ticker value="MTD"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Argenx SE</name>
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        <title>Argenx SE SPONSORED ADR</title>
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          <isin value="US04016X1019"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dianthus Therapeutics Inc</name>
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        <title>Dianthus Therapeutics Inc COM</title>
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          <isin value="US2528281080"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NATERA INC</name>
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        <title>Natera Inc. COM</title>
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          <isin value="US6323071042"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AFFINIVAX INC</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Enanta Pharmaceuticals Inc</name>
        <lei>529900SSN4DODDQSN594</lei>
        <title>Enanta Pharmaceuticals Inc COM</title>
        <cusip>29251M106</cusip>
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          <isin value="US29251M1062"/>
          <ticker value="ENTA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Viking Therapeutics Inc.</name>
        <lei>529900IVC72YPFA25M37</lei>
        <title>Viking Therapeutics Inc. COM</title>
        <cusip>92686J106</cusip>
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          <isin value="US92686J1060"/>
          <ticker value="VKTX"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hologic Inc</name>
        <lei>549300DYP6F5ZJL0LB74</lei>
        <title>Hologic Inc COM</title>
        <cusip>436440101</cusip>
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          <isin value="US4364401012"/>
          <ticker value="HOLX"/>
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        <balance>138368.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wave Life Sciences Ltd.</name>
        <lei>54930070006GPKFYZ813</lei>
        <title>Wave Life Sciences Ltd. COM NPV</title>
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          <other otherDesc="SEDOL" value="BYZG9R0"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Regenxbio Inc.</name>
        <lei>549300EOES47LATSET33</lei>
        <title>Regenxbio Inc. COM</title>
        <cusip>75901B107</cusip>
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          <isin value="US75901B1070"/>
          <ticker value="RGNX"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Cencora Inc</name>
        <lei>AI8GXW8LG5WK7E9UD086</lei>
        <title>Cencora Inc COM</title>
        <cusip>03073E105</cusip>
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          <isin value="US03073E1055"/>
          <ticker value="COR"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Autolus Therapeutics PLC</name>
        <lei>549300C0KZP8EYROLL02</lei>
        <title>Autolus Therapeutics PLC SPON ADS</title>
        <cusip>05280R100</cusip>
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          <ticker value="AUTL"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>EXO IMAGING INC</name>
        <lei>N/A</lei>
        <title>EXO IMAGING INC</title>
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        <balance>19083.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Elevance Health Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>Elevance Health Inc. COM</title>
        <cusip>036752103</cusip>
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          <isin value="US0367521038"/>
          <ticker value="ELV"/>
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        <invCountry>US</invCountry>
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        <name>AstraZeneca PLC</name>
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        <title>AstraZeneca PLC ORD USD0.25</title>
        <cusip>000000000</cusip>
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      <invstOrSec>
        <name>KalVista Pharmaceuticals Inc.</name>
        <lei>529900Q7IDA3WUGRZA51</lei>
        <title>KalVista Pharmaceuticals Inc. COM</title>
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          <ticker value="KALV"/>
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        <name>CARBON HEALTH TECHNOLOGIES INC</name>
        <lei>N/A</lei>
        <title>CARBON HEALTH TECHNOLOGIES INC</title>
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          <other otherDesc="INTERNAL" value="BYDKAGRS0"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Medtronic PLC</name>
        <lei>549300GX3ZBSQWUXY261</lei>
        <title>Medtronic PLC USD0.0001</title>
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          <ticker value="MDT"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MIRATI THERAPEUTICS INC</name>
        <lei>N/A</lei>
        <title>MIRATI THERAPEUTICS INC</title>
        <cusip>604CVR027</cusip>
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          <ticker value="MRTX"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>ADARX PHARMACEUTICALS INC</name>
        <lei>N/A</lei>
        <title>ADARX PHARMACEUTICALS INC</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="BRYLU84N2"/>
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        <balance>769230.00000000</balance>
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        <valUSD>10084605.30000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dyne Therapeutics Inc.</name>
        <lei>N/A</lei>
        <title>Dyne Therapeutics Inc. COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Humana Inc.</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>Humana Inc. COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FREQUENCY THERAPEUTICS CVR</name>
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      <invstOrSec>
        <name>Kymera Therapeutics Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CVS Health Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Alcon AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GOLDFINCH BIO INC</name>
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      <invstOrSec>
        <name>Arcus Biosciences Inc.</name>
        <lei>N/A</lei>
        <title>Arcus Biosciences Inc. COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Danaher Corporation</name>
        <lei>S4BKK9OTCEWQ3YHPFM11</lei>
        <title>Danaher Corporation COM</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>HCA Healthcare Inc</name>
        <lei>529900PH4ZGUH2MNEU89</lei>
        <title>HCA Healthcare Inc COM</title>
        <cusip>40412C101</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Radnet Inc</name>
        <lei>529900RECG94V2IZJ970</lei>
        <title>Radnet Inc COM</title>
        <cusip>750491102</cusip>
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          <isin value="US7504911022"/>
          <ticker value="RDNT"/>
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        <balance>108100.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vertex Pharmaceuticals Incorporated</name>
        <lei>54930015RAQRRZ5ZGJ91</lei>
        <title>Vertex Pharmaceuticals Incorporated COM</title>
        <cusip>92532F100</cusip>
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          <ticker value="VRTX"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MBX Biosciences, Inc.</name>
        <lei>N/A</lei>
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        <cusip>55287L101</cusip>
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        <name>LARONDE INC</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Intuitive Surgical Inc.</name>
        <lei>54930052SRG011710797</lei>
        <title>Intuitive Surgical Inc. COM NEW</title>
        <cusip>46120E602</cusip>
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          <isin value="US46120E6023"/>
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        <name>GENESIS THERAPEUTICS INC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Gilead Sciences Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>Gilead Sciences Inc. COM</title>
        <cusip>375558103</cusip>
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        <name>BlackRock Liquidity Funds</name>
        <lei>5493007YVNX55LTRQ706</lei>
        <title>BlackRock Liquidity Funds T FUND INSTL SHS</title>
        <cusip>09248U718</cusip>
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          <isin value="US09248U7182"/>
          <ticker value="TSTXX"/>
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        <name>Vaxcyte Inc</name>
        <lei>254900M7NMHTGASX8D95</lei>
        <title>Vaxcyte Inc COM</title>
        <cusip>92243G108</cusip>
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        <invCountry>US</invCountry>
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        <name>Daiichi Sankyo Co Ltd.</name>
        <lei>353800XGIU2IHQGC9504</lei>
        <title>Daiichi Sankyo Co Ltd. NPV</title>
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        <name>BioNTech SE</name>
        <lei>894500UZJ5LG1F8J1U58</lei>
        <title>BioNTech SE SPONSORED ADS</title>
        <cusip>09075V102</cusip>
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        <invCountry>DE</invCountry>
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        <name>Regeneron Pharmaceuticals, Inc.</name>
        <lei>549300RCBFWIRX3HYQ56</lei>
        <title>Regeneron Pharmaceuticals, Inc. COM</title>
        <cusip>75886F107</cusip>
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        <name>Allogene Therapeutics Inc</name>
        <lei>N/A</lei>
        <title>Allogene Therapeutics Inc COM</title>
        <cusip>019770106</cusip>
        <identifiers>
          <isin value="US0197701065"/>
          <ticker value="ALLO"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gossamer Bio Inc</name>
        <lei>549300ZOC0N2W6PSFR58</lei>
        <title>Gossamer Bio Inc COM</title>
        <cusip>38341P102</cusip>
        <identifiers>
          <isin value="US38341P1021"/>
          <ticker value="GOSS"/>
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      <invstOrSec>
        <name>Kodiak Sciences Inc</name>
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      <invstOrSec>
        <name>Stryker Corporation</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Eyepoint Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Upstream Bio Inc</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Moderna Inc</name>
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      <invstOrSec>
        <name>Atrium Therapeutics Inc.</name>
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        <name>SWIFT HEALTH SYSTEMS INC</name>
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        <name>Cytokinetics Inc</name>
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        <name>Biohaven Ltd</name>
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        <title>Biohaven Ltd COM</title>
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        <name>Bristol-Myers Squibb Company</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Novartis AG</name>
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        <title>Novartis AG SPONSORED ADR</title>
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        <name>Johnson &amp; Johnson</name>
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        <name>Mckesson Corp.</name>
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        <name>Stoke Therapeutics Inc</name>
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        <name>Steris PLC</name>
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        <invCountry>IE</invCountry>

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        <name>Medline Inc.</name>
        <lei>984500FAN6J1P8566D43</lei>
        <title>Medline Inc. COM CL A</title>
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        <name>Arcellx Inc</name>
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        <name>KARTOS THERAPEUTICS INC</name>
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      <invstOrSec>
        <name>AbbVie Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie Inc. COM</title>
        <cusip>00287Y109</cusip>
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        <name>Voyager Therapeutics Incorporation</name>
        <lei>54930082S4XVR0ZWCC74</lei>
        <title>Voyager Therapeutics Incorporation COM</title>
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        <name>Edwards Lifesciences Corporation</name>
        <lei>YA13X31F3V31L8TMPR58</lei>
        <title>Edwards Lifesciences Corporation COM</title>
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          <ticker value="EW"/>
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        <name>West Pharmaceutical Services Incorporated</name>
        <lei>5493007NKRGM1RJQ1P16</lei>
        <title>West Pharmaceutical Services Incorporated COM</title>
        <cusip>955306105</cusip>
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          <ticker value="WST"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Oruka Therapeutics Inc</name>
        <lei>529900TG7O4ESUDMGI54</lei>
        <title>Oruka Therapeutics Inc COM</title>
        <cusip>687604108</cusip>
        <identifiers>
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          <ticker value="ORKA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Quest Diagnostics Incorporated</name>
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        <name>Eikon Therapeutics Inc.</name>
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        <name>Maze Therapeutics Inc</name>
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        <name>Aktis Oncology Inc.</name>
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        <name>Incyte Corporation.</name>
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        <name>Edgewise Therapeutics Inc.</name>
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        <name>Neurocrine Biosciences Inc</name>
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        <name>IQVIA Holdings Inc.</name>
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        <name>Apogee Therapeutics Inc.</name>
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        <name>BLUEPRINT MEDICINES CORP</name>
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        <name>Thermo Fisher Scientific Inc</name>
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        <name>Nuvalent Inc</name>
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        <name>Vor Biopharma Inc.</name>
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        <name>Revolution Medicines Inc</name>
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        <name>Alumis Inc</name>
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        <name>KARTOS THERAPEUTICS INC</name>
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        <name>Ionis Pharmaceuticals, Inc.</name>
        <lei>549300SI4ZGLG0BLUZ92</lei>
        <title>Ionis Pharmaceuticals, Inc. COM</title>
        <cusip>462222100</cusip>
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          <ticker value="IONS"/>
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        <name>Veeva Systems Inc</name>
        <lei>549300YZEXPDB92M2F02</lei>
        <title>Veeva Systems Inc CL A COM</title>
        <cusip>922475108</cusip>
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          <ticker value="VEEV"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Glaukos Corp.</name>
        <lei>5299004JA1LHE21M6T14</lei>
        <title>Glaukos Corp. COM</title>
        <cusip>377322102</cusip>
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        <name>Disc Medicine Inc</name>
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        <name>Roivant Sciences Ltd</name>
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        <name>Immunome Inc</name>
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        <name>Beam Therapeutics Inc.</name>
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        <name>DexCom Inc</name>
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        <name>IDEXX Laboratories Inc.</name>
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        <name>BridgeBio Oncology Therapeutics Inc.</name>
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        <name>Blackrock Funds III</name>
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        <name>LB Pharmaceuticals Inc.</name>
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        <name>The Cooper Companies, Inc.</name>
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        <name>QUANTA DIALYSIS TECHNOLOGIES LTD</name>
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        <name>BRIDGEBIO ONCOLOGY THERAPEUTICS INC</name>
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        <name>Scholar Rock Holding Corp.</name>
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        <name>Waters Corporation</name>
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        <name>Orchestra BioMed Holdings Inc</name>
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        <name>Immunocore Holdings plc</name>
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        <name>Centene Corp.</name>
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        <name>UnitedHealth Group Inc.</name>
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        <title>UnitedHealth Group Inc. COM</title>
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        <name>Protagonist Therapeutics Inc</name>
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        <name>Novocure Ltd</name>
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        <name>CELLARITY INC</name>
        <lei>N/A</lei>
        <title>CELLARITY INC</title>
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      <invstOrSec>
        <name>Pfizer Inc.</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
        <title>Pfizer Inc. COM</title>
        <cusip>717081103</cusip>
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          <ticker value="PFE"/>
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      <invstOrSec>
        <name>Avidity Biosciences Inc.</name>
        <lei>N/A</lei>
        <title>Avidity Biosciences Inc. COM</title>
        <cusip>05370A108</cusip>
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          <isin value="US05370A1088"/>
          <ticker value="RNAM"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Intellia Therapeutics Inc</name>
        <lei>5493002T5BCPE5DZC723</lei>
        <title>Intellia Therapeutics Inc COM</title>
        <cusip>45826J105</cusip>
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          <ticker value="NTLA"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Repligen Corporation</name>
        <lei>54930006QJ0T5AUO1E71</lei>
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          <isin value="US7599161095"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TScan Therapeutics Inc</name>
        <lei>N/A</lei>
        <title>TScan Therapeutics Inc COM</title>
        <cusip>89854M101</cusip>
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          <isin value="US89854M1018"/>
          <ticker value="TCRX"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Corvus Pharmaceuticals Inc</name>
        <lei>549300I3AVJ8F75NCX65</lei>
        <title>Corvus Pharmaceuticals Inc COM</title>
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          <isin value="US2210151005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GE Healthcare Technologies Inc.</name>
        <lei>549300OI9J7XOWZMUN85</lei>
        <title>GE Healthcare Technologies Inc. COMMON STOCK</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bright Minds Biosciences Inc</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Exelixis, Inc.</name>
        <lei>254900PJQB59O2O95R37</lei>
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          <isin value="US30161Q1040"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Amgen Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen Inc. COM</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alnylam Pharmaceuticals Inc.</name>
        <lei>529900S3ZI14OWRJII50</lei>
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          <ticker value="ALNY"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bridgebio Pharma Inc</name>
        <lei>54930028YG89VTY2J114</lei>
        <title>Bridgebio Pharma Inc COM</title>
        <cusip>10806X102</cusip>
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          <isin value="US10806X1028"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UCB SA</name>
        <lei>2138008J191VLSGY5A09</lei>
        <title>UCB SA NPV</title>
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        <invCountry>BE</invCountry>
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      <invstOrSec>
        <name>Eli Lilly &amp; Co.</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>Eli Lilly &amp; Co. COM</title>
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          <isin value="US5324571083"/>
          <ticker value="LLY"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Bruker Corporation</name>
        <lei>LEBZ6VLQ6I8XB1NHVY15</lei>
        <title>Bruker Corporation COM</title>
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          <ticker value="BRKR"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Denali Therapeutics Inc</name>
        <lei>549300ZTQ2HO18L3Q830</lei>
        <title>Denali Therapeutics Inc COM</title>
        <cusip>24823R105</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Erasca Inc</name>
        <lei>N/A</lei>
        <title>Erasca Inc COM</title>
        <cusip>29479A108</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>4D Molecular Therapeutics Inc</name>
        <lei>N/A</lei>
        <title>4D Molecular Therapeutics Inc COM</title>
        <cusip>35104E100</cusip>
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          <isin value="US35104E1001"/>
          <ticker value="FDMT"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Zealand Pharma As</name>
        <lei>549300ITBB1ULBL4CZ12</lei>
        <title>Zealand Pharma As DKK1</title>
        <cusip>000000000</cusip>
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          <isin value="DK0060257814"/>
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        <invCountry>DK</invCountry>
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      <invstOrSec>
        <name>Summit Therapeutics Inc.</name>
        <lei>N/A</lei>
        <title>Summit Therapeutics Inc. COM</title>
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      <invstOrSec>
        <name>CG Oncology Inc.</name>
        <lei>N/A</lei>
        <title>CG Oncology Inc. COM</title>
        <cusip>156944100</cusip>
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          <isin value="US1569441009"/>
          <ticker value="CGON"/>
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        <name>Guardant Health Inc</name>
        <lei>254900M8C3E5VC8BR186</lei>
        <title>Guardant Health Inc COM</title>
        <cusip>40131M109</cusip>
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        <name>KAILERA THERAPEUTICS INC</name>
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        <title>KAILERA THERAPEUTICS INC</title>
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        <name>AFFERENT PHARMACEUTICAL</name>
        <lei>N/A</lei>
        <title>AFFERENT PHARMACEUTICAL</title>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Exact Sciences Corporation</name>
        <lei>549300VM3X1FYD4N9Z14</lei>
        <title>Exact Sciences Corporation COM</title>
        <cusip>30063P105</cusip>
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          <ticker value="EXAS"/>
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        <balance>548069.00000000</balance>
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        <valUSD>56659373.22000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Biogen Inc</name>
        <lei>W8J5WZB5IY3K0NDQT671</lei>
        <title>Biogen Inc COM</title>
        <cusip>09062X103</cusip>
        <identifiers>
          <isin value="US09062X1037"/>
          <ticker value="BIIB"/>
        </identifiers>
        <balance>364188.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>69858542.16000000</valUSD>
        <pctVal>1.069400123046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nyxoah Sa</name>
        <lei>5493002O1ESKZ18OXR80</lei>
        <title>Nyxoah Sa NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0974358906"/>
          <ticker value="NYXH"/>
          <other otherDesc="SEDOL" value="BMZ4JV4"/>
        </identifiers>
        <balance>337359.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1376424.72000000</valUSD>
        <pctVal>0.021070419155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="650352.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ocular Therapeutix Inc</name>
        <lei>529900ABAWFXOHSIHG03</lei>
        <title>Ocular Therapeutix Inc COM</title>
        <cusip>67576A100</cusip>
        <identifiers>
          <isin value="US67576A1007"/>
          <ticker value="OCUL"/>
        </identifiers>
        <balance>258781.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2313502.14000000</valUSD>
        <pctVal>0.035415274878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Therapeutics Corporation</name>
        <lei>5299005C4HZL4UWROC14</lei>
        <title>United Therapeutics Corporation COM</title>
        <cusip>91307C102</cusip>
        <identifiers>
          <isin value="US91307C1027"/>
          <ticker value="UTHR"/>
        </identifiers>
        <balance>55689.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28061687.10000000</valUSD>
        <pctVal>0.429570539403</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Agilent Technologies Inc.</name>
        <lei>QUIX8Y7A2WP0XRMW7G29</lei>
        <title>Agilent Technologies Inc. COM</title>
        <cusip>00846U101</cusip>
        <identifiers>
          <isin value="US00846U1016"/>
          <ticker value="A"/>
        </identifiers>
        <balance>271239.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32922989.82000000</valUSD>
        <pctVal>0.503987748326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cogent Biosciences Inc.</name>
        <lei>N/A</lei>
        <title>Cogent Biosciences Inc. COM</title>
        <cusip>19240Q201</cusip>
        <identifiers>
          <isin value="US19240Q2012"/>
          <ticker value="COGT"/>
        </identifiers>
        <balance>820419.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31873278.15000000</valUSD>
        <pctVal>0.487918678540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Olema Pharmaceuticals Inc.</name>
        <lei>N/A</lei>
        <title>Olema Pharmaceuticals Inc. COM</title>
        <cusip>68062P106</cusip>
        <identifiers>
          <isin value="US68062P1066"/>
          <ticker value="OLMA"/>
        </identifiers>
        <balance>253931.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6145130.20000000</valUSD>
        <pctVal>0.094070142159</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Terns Pharmaceuticals Inc.</name>
        <lei>254900S1ZDQMF4MYP709</lei>
        <title>Terns Pharmaceuticals Inc. COM</title>
        <cusip>880881107</cusip>
        <identifiers>
          <isin value="US8808811074"/>
          <ticker value="TERN"/>
        </identifiers>
        <balance>367842.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15493505.04000000</valUSD>
        <pctVal>0.237175808196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Merck &amp; Co., Inc</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>Merck &amp; Co., Inc COM</title>
        <cusip>58933Y105</cusip>
        <identifiers>
          <isin value="US58933Y1055"/>
          <ticker value="MRK"/>
        </identifiers>
        <balance>1871806.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>231767018.92000000</valUSD>
        <pctVal>3.547907970702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDFINCH EQUITY</name>
        <lei>N/A</lei>
        <title>GOLDFINCH EQUITY WARRANTS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BYDUGPZJ3"/>
        </identifiers>
        <balance>403447.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>4.03000000</valUSD>
        <pctVal>0.000000061691</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>GOLDFINCH EQUITY</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>GOLDFINCH BIO INC</issuerName>
                <issueTitle>GOLDFINCH BIO INC</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="INTERNAL" value="BRW5236Q2"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>1.18000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2035-11-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-161374.77000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PTC Therapeutics, Inc.</name>
        <lei>549300UJLWOIWFDGB318</lei>
        <title>PTC Therapeutics, Inc. COM</title>
        <cusip>69366J200</cusip>
        <identifiers>
          <isin value="US69366J2006"/>
          <ticker value="PTCT"/>
        </identifiers>
        <balance>82970.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5657724.30000000</valUSD>
        <pctVal>0.086608893851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Teva Pharmaceutical Industries Ltd.</name>
        <lei>549300BAFGM4RC74ZJ94</lei>
        <title>Teva Pharmaceutical Industries Ltd. SPONSORED ADS</title>
        <cusip>881624209</cusip>
        <identifiers>
          <isin value="US8816242098"/>
          <ticker value="TEVA"/>
        </identifiers>
        <balance>3475093.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>117666648.98000000</valUSD>
        <pctVal>1.801250427033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ventyx Biosciences Inc.</name>
        <lei>N/A</lei>
        <title>Ventyx Biosciences Inc. COM</title>
        <cusip>92332V107</cusip>
        <identifiers>
          <isin value="US92332V1070"/>
          <ticker value="VTYX"/>
        </identifiers>
        <balance>590649.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8251366.53000000</valUSD>
        <pctVal>0.126312575522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Elanco Animal Health Inc</name>
        <lei>549300SHPNDCE059M934</lei>
        <title>Elanco Animal Health Inc COM</title>
        <cusip>28414H103</cusip>
        <identifiers>
          <isin value="US28414H1032"/>
          <ticker value="ELAN"/>
        </identifiers>
        <balance>483249.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12757773.60000000</valUSD>
        <pctVal>0.195297013590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Insmed Inc</name>
        <lei>529900Q55QAG41CCAC11</lei>
        <title>Insmed Inc COM PAR $.01</title>
        <cusip>457669307</cusip>
        <identifiers>
          <isin value="US4576693075"/>
          <ticker value="INSM"/>
        </identifiers>
        <balance>301353.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45001043.49000000</valUSD>
        <pctVal>0.688879555133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Abbott Laboratories</name>
        <lei>HQD377W2YR662HK5JX27</lei>
        <title>Abbott Laboratories COM</title>
        <cusip>002824100</cusip>
        <identifiers>
          <isin value="US0028241000"/>
          <ticker value="ABT"/>
        </identifiers>
        <balance>1361894.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>158456366.90000000</valUSD>
        <pctVal>2.425662675184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bio-Techne Corp</name>
        <lei>54930073RLKQ51TILZ35</lei>
        <title>Bio-Techne Corp COM</title>
        <cusip>09073M104</cusip>
        <identifiers>
          <isin value="US09073M1045"/>
          <ticker value="TECH"/>
        </identifiers>
        <balance>193925.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11441575.00000000</valUSD>
        <pctVal>0.175148540672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EXO IMAGING INC</name>
        <lei>N/A</lei>
        <title>EXO IMAGING INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BYDK80SU2"/>
        </identifiers>
        <balance>890877.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>659248.98000000</valUSD>
        <pctVal>0.010091835851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Roche Holding AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>Roche Holding AG GENUSSCHEINE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0012032048"/>
          <ticker value="ROG"/>
          <other otherDesc="SEDOL" value="7110388"/>
        </identifiers>
        <balance>147789.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.76885000"/>
        <valUSD>70333000.39000000</valUSD>
        <pctVal>1.076663167390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Abiomed Inc</name>
        <lei>5493001EZN4ZTB4Z5887</lei>
        <title>Abiomed Inc USD0.01 SUBS RTS</title>
        <cusip>003CVR016</cusip>
        <identifiers>
          <isin value="US003CVR0169"/>
          <ticker value="2223637D"/>
        </identifiers>
        <balance>243643.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>565251.76000000</valUSD>
        <pctVal>0.008652918927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Rights"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rhythm Pharmaceuticals Inc</name>
        <lei>529900JPNWXQ8DPLA551</lei>
        <title>Rhythm Pharmaceuticals Inc COM</title>
        <cusip>76243J105</cusip>
        <identifiers>
          <isin value="US76243J1051"/>
          <ticker value="RYTM"/>
        </identifiers>
        <balance>538793.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49962274.89000000</valUSD>
        <pctVal>0.764826480241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>



      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>


    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-24</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>