GHOST TREE CAPITAL, LLC Information

460 PARK AVENUE, NEW YORK, New York, 10022, (646) 735-9682

Report Date: 03/31/2014

Position Statistics

Total Positions 79
New Positions 27
Increased Positions 36
Decreased Positions 42
Positions with Activity 78
Sold Out Positions 27
Total Mkt Value (in $ millions) 79

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 1.07%
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial
Healthcare 81.78%
Services 1.18%
Technology 4.64%
Transportation 0%
Utilities

79 Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
BRISTOL MYERS SQUIBB CO COM 4,050 -1,012 (20) 80,000
FLAMEL TECHNOLOGIES SA SPONSORED ADR 3,999 2,399 150 300,000
COMMUNITY HEALTH SYS INC NEW COM 3,816 477 14.29 80,000
AMAG PHARMACEUTICALS INC COM 3,666 3,666 New 192,057
ACCURAY INC COM 3,148 -393 (11.11) 400,018
EDWARDS LIFESCIENCES CORP COM 2,708 2,708 New 30,000
TORNIER N V SHS 2,695 622 30 130,000
PUMA BIOTECHNOLOGY INC COM 2,512 -3,031 (54.68) 11,330
ARROWHEAD RESH CORP COM NEW 2,340 -1,139 (32.73) 185,000
INSMED INC COM PAR $.01 2,307 -1,111 (32.5) 135,000
INTUITIVE SURGICAL INC COM NEW 2,288 2,288 New 5,000
MERIT MED SYS INC COM 2,247 2,247 New 175,000
BIOGEN IDEC INC COM 2,164 -3,186 (59.56) 6,471
GW PHARMACEUTICALS PLC ADS 2,115 2,115 New 25,000
BRUKER CORP COM 2,046 -568 (21.74) 90,000
UNILIFE CORP NEW COM 2,016 1,134 128.57 800,000
PROTHENA CORP PLC SHS 1,910 -347 (15.39) 110,000
ALIGN TECHNOLOGY INC COM 1,897 1,897 New 35,000
DYAX CORP COM 1,884 -2,355 (55.56) 200,000
INTERCEPT PHARMACEUTICALS INC COM 1,859 1,859 New 8,000