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

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

2025 Q4: 2.8%YTD: 4.26%2024: 8.36%

Performance for 2025 Q4 is 2.8%, and YTD is 4.26%, and 2024 is 8.36%.

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 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, KINGDON CAPITAL MANAGEMENT, L.L.C. reported an equity portfolio of $841.2 Millions as of 31 Dec, 2025.

The top stock holdings of KINGDON CAPITAL MANAGEMENT, L.L.C. are SNDX, NVDA, KEYS. The fund has invested 5.9% of it's portfolio in SYNDAX PHARMACEUTICALS INC and 3.2% of portfolio in NVIDIA CORPORATION.

The fund managers got completely rid off MOLINA HEALTHCARE INC (MOH), EDWARDS LIFESCIENCES CORP (EW) and HUMANA INC (HUM) stocks. They significantly reduced their stock positions in PURECYCLE TECHNOLOGIES INC (PCT), CURTISS WRIGHT CORP (CW) and WESTERN DIGITAL CORP (WDC). KINGDON CAPITAL MANAGEMENT, L.L.C. opened new stock positions in KEYSIGHT TECHNOLOGIES INC (KEYS), ADVANCED MICRO DEVICES INC (AMD) and ALIBABA GROUP HLDG LTD (BABA). The fund showed a lot of confidence in some stocks as they added substantially to WOLVERINE WORLD WIDE INC (WWW), WARBY PARKER INC (WRBY) and TELEDYNE TECHNOLOGIES INC (TDY).

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 2.8% in the last quarter. In trailing 12 months, it's portfolio return was 4.26%.

Performance
S&P 500

New Buys

Ticker	$ Bought
keysight technologies inc	26,414,700
advanced micro devices inc	14,991,200
alibaba group hldg ltd	14,658,000
waystar hldg corp	13,576,500
carrier global corporation	10,568,000
american healthcare reit inc	9,412,000
icon plc	9,220,330
bank america corp	9,075,000

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

Additions

Ticker	% Inc.
wolverine world wide inc	407
warby parker inc	201
teledyne technologies inc	100
liberty media corp del	75.00
alcon ag	53.88
howmet aerospace inc	45.45
sportradar group ag	42.19
aldeyra therapeutics inc	38.91

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

Reductions

Ticker	% Reduced
purecycle technologies inc	-63.83
curtiss wright corp	-60.00
western digital corp	-50.00
flex ltd	-45.71
welltower inc	-16.67
ishares inc	-14.81
tetra tech inc new	-14.29
maplebear inc	-13.33

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

Sold off

Ticker	$ Sold
scynexis inc	-1,722,530
jasper therapeutics inc	-3,153,130
great elm group inc	-2,863,820
x4 pharmaceuticals inc	-3,192,000
mirion technologies inc	-8,722,500
globus med inc	-14,755,600
edwards lifesciences corp	-19,551,400
builders firstsource inc	-18,187,500

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

Sector Distribution

KINGDON CAPITAL MANAGEMENT, L.L.C. has about 35.5% of it's holdings in Others sector.

Sector	%
Others	35.5
Healthcare	21.8
Technology	17.4
Industrials	11.6
Consumer Defensive	5.2
Financial Services	3.4
Consumer Cyclical	1.8
Communication Services	1.8
Real Estate	1.4

Market Cap. Distribution

KINGDON CAPITAL MANAGEMENT, L.L.C. has about 37% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	35.5
LARGE-CAP	25.7
SMALL-CAP	15.5
MID-CAP	11.7
MEGA-CAP	11.3

Stocks belong to which Index?

About 57.6% of the stocks held by KINGDON CAPITAL MANAGEMENT, L.L.C. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	42.4
S&P 500	29.7
RUSSELL 2000	27.9

Top 5 Winners (%)		%
OLMA	olema pharmaceuticals inc	136.2 %
SNDX	syndax pharmaceuticals inc	35.5 %
WDC	western digital corp	32.6 %
GOOG	alphabet inc	25.1 %
	maplebear inc	20.9 %

Top 5 Winners ($)		$
OLMA	olema pharmaceuticals inc	13.7 M
SNDX	syndax pharmaceuticals inc	13.6 M
	maplebear inc	3.5 M
GOOG	alphabet inc	2.4 M
WDC	western digital corp	2.3 M

Top 5 Losers (%)		%
NVNO	envveno medical corporation	-62.4 %
SLNO	soleno therapeutics inc	-28.7 %
ITRI	itron inc	-25.4 %
PCT	purecycle technologies inc	-23.6 %
WWW	wolverine world wide inc	-23.4 %

Top 5 Losers ($)		$
SLNO	soleno therapeutics inc	-7.5 M
WRBY	warby parker inc	-4.1 M
WWW	wolverine world wide inc	-3.7 M
	loar holdings inc	-1.8 M
SRAD	sportradar group ag	-1.8 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 57 stocks in it's portfolio. About 29.1% of the portfolio is in top 10 stocks. SLNO proved to be the most loss making stock for the portfolio. OLMA was the most profitable stock for KINGDON CAPITAL MANAGEMENT, L.L.C. last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ACWV	ishares inc	1.33	115,000	11,180,300	reduced	-14.81

AIR	aar corp	0.39	40,000	3,311,600	new

ALC	alcon ag	0.83	88,480	6,973,110	added	53.88

ALDX	aldeyra therapeutics inc	1.14	1,850,000	9,583,000	added	38.91

AMD	advanced micro devices inc	1.78	70,000	14,991,200	new

APG	api group corp	1.71	375,000	14,347,500	added	15.38

AXON	axon enterprise inc	0.91	13,500	7,667,060	added	35.00

BAB	invesco exch traded fd tr ii	0.58	100,000	4,912,000	new

BABA	alibaba group hldg ltd	1.74	100,000	14,658,000	new

BAC	bank america corp	1.08	165,000	9,075,000	new

BATRA	liberty media corp del	1.64	140,000	13,791,400	added	75.00

BLDR	builders firstsource inc	0.00	0.00	0.00	sold off	-100

CARR	carrier global corporation	1.26	200,000	10,568,000	new

CCB	coastal finl corp wa	0.54	40,000	4,583,600	new

CNM	core & main inc	0.00	0.00	0.00	sold off	-100

CRH	crh plc	2.22	150,000	18,720,000	unchanged	0.00

CVNA	carvana co	0.00	0.00	0.00	sold off	-100

CW	curtiss wright corp	0.46	7,000	3,858,890	reduced	-60.00

ELDN	eledon pharmaceuticals inc	0.19	1,039,280	1,569,300	new

ETR	entergy corp new	0.00	0.00	0.00	sold off	-100