Health Catalyst Sees Increased Investment from First Light Asset Management

Institutional investor raises stake in healthcare data and analytics company

Mar. 16, 2026 at 10:05am

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First Light Asset Management LLC has increased its stake in Health Catalyst, Inc. (NASDAQ:HCAT) by 9.9% during the third quarter, according to a recent SEC filing. The fund now owns approximately 13.4 million shares of the healthcare data and analytics company, making it the 7th largest position in First Light's portfolio.

Why it matters

The increased investment from First Light Asset Management, a respected institutional investor, signals confidence in Health Catalyst's long-term growth potential. As a leading provider of healthcare data and analytics solutions, Health Catalyst's technology helps healthcare organizations aggregate and analyze clinical, financial and operational data to improve patient outcomes and reduce costs.

The details

According to the SEC filing, First Light Asset Management now owns 13,436,220 shares of Health Catalyst, representing approximately 19% of the company's outstanding stock. This makes Health Catalyst the 7th largest position in First Light's investment portfolio. The fund acquired an additional 1,206,039 shares of Health Catalyst during the third quarter.

  • First Light Asset Management increased its stake in Health Catalyst during the third quarter of 2026.

The players

First Light Asset Management LLC

An institutional investment management firm that focuses on public equity markets.

Health Catalyst, Inc.

A healthcare data and analytics technology company that provides a unified data platform to help healthcare organizations improve patient outcomes and reduce costs.

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The takeaway

The increased investment from First Light Asset Management underscores the growing importance of data-driven solutions in the healthcare industry. As healthcare organizations continue to grapple with rising costs and the need to improve patient outcomes, platforms like Health Catalyst's that can aggregate and analyze disparate data sources are becoming increasingly valuable.