Latest KINGDON CAPITAL MANAGEMENT, L.L.C. Stock Portfolio

KINGDON CAPITAL MANAGEMENT, L.L.C. Performance:

2025 Q3: 5.81%YTD: 6.93%2024: 12.5%

Performance for 2025 Q3 is 5.81%, and YTD is 6.93%, and 2024 is 12.5%.

About KINGDON CAPITAL MANAGEMENT, L.L.C. and 13F Hedge Fund Stock Holdings

KINGDON CAPITAL MANAGEMENT, L.L.C. is a hedge fund based in NEW YORK, NY. On 24-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $815.7 Millions. In it's latest 13F Holdings report, KINGDON CAPITAL MANAGEMENT, L.L.C. reported an equity portfolio of $805.7 Millions as of 30 Sep, 2025.

The top stock holdings of KINGDON CAPITAL MANAGEMENT, L.L.C. are SNDX, NVDA, MOH. The fund has invested 4.8% of it's portfolio in SYNDAX PHARMACEUTICALS INC and 2.7% of portfolio in NVIDIA CORPORATION.

The fund managers got completely rid off SANDISK CORP, WASTE MGMT INC DEL (WM) and TOLL BROTHERS INC (TOL) stocks. They significantly reduced their stock positions in WOLVERINE WORLD WIDE INC (WWW), WESTERN DIGITAL CORP (WDC) and TETRA TECH INC NEW (TTEK). KINGDON CAPITAL MANAGEMENT, L.L.C. opened new stock positions in MOLINA HEALTHCARE INC (MOH), SOLENO THERAPEUTICS INC (SLNO) and MICROSOFT CORP (MSFT). The fund showed a lot of confidence in some stocks as they added substantially to X4 PHARMACEUTICALS INC (XFOR), EDWARDS LIFESCIENCES CORP (EW) and JASPER THERAPEUTICS INC (JSPR).

KINGDON CAPITAL MANAGEMENT, L.L.C. Annual Return Estimates Vs S&P 500

Our best estimate is that KINGDON CAPITAL MANAGEMENT, L.L.C. made a return of 5.81% in the last quarter. In trailing 12 months, it's portfolio return was 4.75%.

New Buys

Ticker	$ Bought
molina healthcare inc	21,087,900
soleno therapeutics inc	20,347,600
microsoft corp	14,243,600
meta platforms inc	11,750,100
champion homes inc	11,455,500
nxp semiconductors n v	10,817,200
howmet aerospace inc	10,792,600
entergy corp new	10,716,800

New stocks bought by KINGDON CAPITAL MANAGEMENT, L.L.C.

Additions

Ticker	% Inc.
x4 pharmaceuticals inc	300
edwards lifesciences corp	175
jasper therapeutics inc	93.49
envveno medical corporation	58.19
globus med inc	51.56
api group corp	44.44
zevra therapeutics inc	44.44
maplebear inc	40.62

Additions to existing portfolio by KINGDON CAPITAL MANAGEMENT, L.L.C.

Reductions

Ticker	% Reduced
wolverine world wide inc	-75.32
western digital corp	-53.85
tetra tech inc new	-44.44
ishares inc	-32.5
flex ltd	-27.08
crh plc	-25.00
nvidia corporation	-13.92
mirion technologies inc	-11.76

KINGDON CAPITAL MANAGEMENT, L.L.C. reduced stake in above stock

Sold off

Ticker	$ Sold
alight inc	-6,226,000
scpharmaceuticals inc	-2,513,500
sandisk corp	-16,779,500
imax corp	-9,468,770
ameresco inc	-3,038,000
match group inc new	-5,560,200
radnet inc	-9,845,430
toll brothers inc	-15,407,600

KINGDON CAPITAL MANAGEMENT, L.L.C. got rid off the above stocks

Sector Distribution

KINGDON CAPITAL MANAGEMENT, L.L.C. has about 26.2% of it's holdings in Healthcare sector.

Sector	%
Healthcare	26.2
Others	22.6
Industrials	15.6
Technology	15
Consumer Cyclical	4.3
Financial Services	3.9
Consumer Defensive	3.3
Communication Services	3
Basic Materials	2.8
Utilities	1.7
Real Estate	1.7

Market Cap. Distribution

KINGDON CAPITAL MANAGEMENT, L.L.C. has about 48.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	35.8
UNALLOCATED	25.4
SMALL-CAP	15
MEGA-CAP	13
MID-CAP	6.4
MICRO-CAP	4.4

Stocks belong to which Index?

About 58.1% of the stocks held by KINGDON CAPITAL MANAGEMENT, L.L.C. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	41.9
S&P 500	37.2
RUSSELL 2000	20.9

Top 5 Winners (%)		%
WDC	western digital corp	87.6 %
WWW	wolverine world wide inc	51.8 %
SNDX	syndax pharmaceuticals inc	49.0 %
ALDX	aldeyra therapeutics inc	36.3 %
CRH	crh plc	30.6 %

Top 5 Winners ($)		$
SNDX	syndax pharmaceuticals inc	12.6 M
WDC	western digital corp	7.3 M
CRH	crh plc	5.6 M
WWW	wolverine world wide inc	4.9 M
NVDA	nvidia corporation	3.9 M

Top 5 Losers (%)		%
NVNO	envveno medical corporation	-68.3 %
JSPR	jasper therapeutics inc	-40.8 %
APG	api group corp	-25.1 %
TTEK	tetra tech inc new	-7.2 %
TAP	molson coors beverage co	-5.9 %

Top 5 Losers ($)		$
APG	api group corp	-3.8 M
NVNO	envveno medical corporation	-2.6 M
JSPR	jasper therapeutics inc	-2.2 M
TTEK	tetra tech inc new	-0.8 M
TAP	molson coors beverage co	-0.7 M

KINGDON CAPITAL MANAGEMENT, L.L.C. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of KINGDON CAPITAL MANAGEMENT, L.L.C.

KINGDON CAPITAL MANAGEMENT, L.L.C. has 64 stocks in it's portfolio. About 26.4% of the portfolio is in top 10 stocks. APG proved to be the most loss making stock for the portfolio. SNDX was the most profitable stock for KINGDON CAPITAL MANAGEMENT, L.L.C. last quarter.

Last Reported on: 14 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ACWV	ishares inc	1.34	135,000	10,813,500	reduced	-32.5

AJG	gallagher arthur j & co	0.00	0.00	0.00	sold off	-100

ALDX	aldeyra therapeutics inc	0.86	1,331,790	6,951,950	unchanged	0.00

ALIT	alight inc	0.00	0.00	0.00	sold off	-100

AMRC	ameresco inc	0.00	0.00	0.00	sold off	-100

APG	api group corp	1.39	325,000	11,170,200	added	44.44

AXON	axon enterprise inc	0.89	10,000	7,176,400	new

BATRA	liberty media corp del	1.04	80,000	8,356,000	new

BLDR	builders firstsource inc	2.26	150,000	18,187,500	added	16.73

CNM	core & main inc	1.00	150,000	8,074,500	new

CRH	crh plc	2.23	150,000	17,985,000	reduced	-25.00

CVNA	carvana co	0.12	2,500	943,100	new

CW	curtiss wright corp	1.18	17,500	9,501,450	unchanged	0.00

ETR	entergy corp new	1.33	115,000	10,716,800	new

EW	edwards lifesciences corp	2.43	251,400	19,551,400	added	175

FLEX	flex ltd	1.26	175,000	10,144,800	reduced	-27.08

GEG	great elm group inc	0.36	1,168,910	2,863,820	reduced	-7.88

GLW	corning inc	0.81	80,000	6,562,400	new

GMED	globus med inc	1.83	257,650	14,755,600	added	51.56

GOOG	alphabet inc	0.90	30,000	7,293,000	new