First Light Asset Management Trims Stake in AtriCure

The hedge fund reduced its holdings in the medical device company by 12.3% in the third quarter.

Mar. 16, 2026 at 10:05am

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First Light Asset Management LLC trimmed its position in shares of AtriCure, Inc. (NASDAQ:ATRC) by 12.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 890,362 shares of the medical device company's stock after selling 124,808 shares during the period, making it one of AtriCure's largest institutional investors.

Why it matters

AtriCure is a leading manufacturer of surgical ablation devices used to treat atrial fibrillation, a common heart rhythm disorder. The company's products are used by cardiac surgeons and electrophysiologists to reduce the risk of stroke and improve patient outcomes. First Light Asset Management's reduced stake in AtriCure could signal a shift in investor sentiment towards the company or the broader medical device industry.

The details

According to the 13F filing, First Light Asset Management sold 124,808 shares of AtriCure during the third quarter, reducing its total position to 890,362 shares. The firm's stake in AtriCure now represents approximately 1.79% of the company's outstanding shares. AtriCure's stock price has fluctuated in recent months, trading between a 52-week low of $28.29 and a high of $43.18.

  • First Light Asset Management filed its 13F report for the third quarter of 2026.

The players

First Light Asset Management LLC

An investment management firm that owns a significant stake in AtriCure, Inc.

AtriCure, Inc.

A medical device company that manufactures surgical ablation products used to treat atrial fibrillation.

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The takeaway

The reduction in First Light Asset Management's position in AtriCure could signal a broader shift in investor sentiment towards the medical device company. However, AtriCure remains one of the firm's largest holdings, indicating the company still sees long-term potential in the business.