GHOST TREE CAPITAL, LLC Information

150 EAST 52ND STREET, NEW YORK, New York, 10022, (646) 779-0120

Report Date: 03/31/2015

Position Statistics

Total Positions 83
New Positions 32
Increased Positions 45
Decreased Positions 34
Positions with Activity 79
Sold Out Positions 25
Total Mkt Value (in $ millions) 256

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial
Healthcare 59.11%
Services 1.78%
Technology 1.62%
Transportation 0%
Utilities

83 Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ALLERGAN PLC SHS 11,510 5,755 100 35,000
ZIMMER BIOMET HLDGS INC COM 10,485 1,447 16.01 100,000
ZS PHARMA INC COM 9,705 9,705 New 165,000
COMMUNITY HEALTH SYS INC NEW COM 8,910 8,910 New 150,000
PORTOLA PHARMACEUTICALS INC COM 8,804 1,467 20 180,000
NUVASIVE INC COM 8,789 3,845 77.78 160,000
DYAX CORP COM 8,411 601 7.69 350,000
SAGE THERAPEUTICS INC COM 8,131 8,131 New 120,000
CELGENE CORP COM 7,913 7,913 New 60,000
MERIT MED SYS INC COM 7,551 5,663 300 300,000
ZELTIQ AESTHETICS INC COM 7,225 2,087 40.63 225,000
DBV TECHNOLOGIES S A SPONSORED ADR 6,444 3,007 87.50 150,000
REVANCE THERAPEUTICS INC COM 6,372 6,372 New 200,000
ALCOBRA LTD SHS 5,864 5,864 New 800,000
MERCK & CO INC NEW COM 5,852 5,852 New 100,000
ACADIA PHARMACEUTICALS COM 5,738 5,738 New 120,000
AMICUS THERAPEUTICS INC COM 5,737 820 16.67 350,000
RADIUS HEALTH INC COM NEW 5,643 5,643 New 75,000
GENOCEA BIOSCIENCES INC COM 5,384 5,384 New 420,000
BECTON DICKINSON & CO COM 5,320 5,320 New 35,000