Q1 2026 · 13F-HR
KINGDON CAPITAL MANAGEMENT, L.L.C.holdings as filed
Filed 2026-05-15 · accession 0001000097-26-000005
$911.0M
Reported value
67
Positions
2026-03-31
Period end
The Brief · KINGDON CAPITAL MANAGEMENT, L.L.C. · Q1 2026
AI · grounded in 13F
KINGDON CAPITAL MANAGEMENT, L.L.C. established a new position in SPY valued at $185.3M. The fund also added new positions in IWM for $24.8M and MTUM for $15.6M. To fund these moves, the manager closed positions in SLV for $54.8M, AMD for $28.4M, and BAC for $25.6M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | STATE STR SPDR S&P 500 ETF T | $185.3M | 20.3% | 285,000 | PUT | SOLE |
| 87164F105 | SNDX | SYNDAX PHARMACEUTICALS INC | $58.4M | 6.41% | 2,500,000 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $34.9M | 3.83% | 200,000 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $29.0M | 3.18% | 2,500,000 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $24.8M | 2.72% | 100,000 | PUT | SOLE |
| 49338L103 | KEYS | KEYSIGHT TECHNOLOGIES INC | $22.6M | 2.48% | 80,000 | Common | SOLE |
| 93403J106 | WRBY | WARBY PARKER INC | $22.2M | 2.44% | 1,053,644 | Common | SOLE |
| 834203309 | SLNO | SOLENO THERAPEUTICS INC | $19.3M | 2.11% | 575,000 | Common | SOLE |
| 00187Y100 | APG | API GROUP CORP | $18.2M | 2.00% | 450,000 | Common | SOLE |
| 565394103 | CART | MAPLEBEAR INC | $17.6M | 1.93% | 470,000 | Common | SOLE |
| 443201108 | HWM | HOWMET AEROSPACE INC | $16.1M | 1.77% | 70,000 | Common | SOLE |
| 46432F396 | MTUM | ISHARES TR | $15.6M | 1.71% | 65,000 | PUT | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $15.2M | 1.67% | 45,000 | Common | SOLE |
| 464286772 | EWY | ISHARES INC | $14.8M | 1.62% | 120,000 | PUT | SOLE |
| 300426103 | ECG | EVERUS CONSTR GROUP | $14.8M | 1.62% | 125,000 | Common | SOLE |
| 398182303 | AHR | AMERICAN HEALTHCARE REIT INC | $14.1M | 1.55% | 300,000 | Common | SOLE |
| 92189F676 | SMH | VANECK ETF TRUST | $13.4M | 1.47% | 35,000 | PUT | SOLE |
| 464288224 | ICLN | ISHARES TR | $12.8M | 1.41% | 700,000 | Common | SOLE |
| 68062P106 | OLMA | OLEMA PHARMACEUTICALS INC | $12.7M | 1.40% | 855,000 | Common | SOLE |
| 366505105 | GTX | GARRETT MOTION INC | $12.7M | 1.40% | 700,000 | Common | SOLE |
| N00985106 | AER | AERCAP HOLDINGS NV | $12.3M | 1.36% | 90,000 | Common | SOLE |
| 237266101 | DAR | DARLING INGREDIENTS INC | $11.8M | 1.29% | 190,000 | Common | SOLE |
| G4705A100 | ICLR | ICON PLC | $11.7M | 1.28% | 105,300 | Common | SOLE |
| 112463104 | BKD | BROOKDALE SR LIVING INC | $11.6M | 1.28% | 850,000 | Common | SOLE |
| Y2573F102 | FLEX | FLEXTRONICS INTL LTD | $11.5M | 1.26% | 175,000 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $11.3M | 1.24% | 90,000 | Common | SOLE |
| H8088L103 | SRAD | SPORTRADAR GROUP AG | $11.3M | 1.24% | 674,000 | Common | SOLE |
| 918284100 | VSEC | VSE CORP | $11.1M | 1.21% | 60,000 | Common | SOLE |
| 422806109 | HEI | HEICO CORP NEW | $11.0M | 1.20% | 40,000 | Common | SOLE |
| 000361105 | AIR | AAR CORP | $10.9M | 1.20% | 100,000 | Common | SOLE |
| 879360105 | TDY | TELEDYNE TECHNOLOGIES INC | $10.6M | 1.16% | 17,500 | Common | SOLE |
| 946784105 | WAY | WAYSTAR HLDG CORP | $10.6M | 1.16% | 438,000 | Common | SOLE |
| 750940108 | RAL | RALLIANT CORP | $10.4M | 1.14% | 250,000 | Common | SOLE |
| 770700102 | HOOD | ROBINHOOD MKTS INC | $10.4M | 1.14% | 150,000 | CALL | SOLE |
| 224408104 | CR | CRANE COMPANY | $10.3M | 1.13% | 60,000 | Common | SOLE |
| 95040Q104 | WELL | WELLTOWER INC | $9.9M | 1.09% | 50,000 | Common | SOLE |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $9.9M | 1.08% | 200,000 | PUT | SOLE |
| 00404A109 | ACHC | ACADIA HEALTHCARE COMPANY IN | $9.3M | 1.02% | 396,192 | Common | SOLE |
| 464286772 | EWY | ISHARES INC | $9.2M | 1.01% | 75,000 | Common | SOLE |
| 192422103 | CGNX | COGNEX CORP | $9.1M | 0.99% | 185,000 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $8.5M | 0.93% | 30,000 | CALL | SOLE |
| 19425C100 | CNL | COLLECTIVE MINING LTD | $7.5M | 0.82% | 425,000 | Common | SOLE |
| 488445206 | ZVRA | ZEVRA THERAPEUTICS INC | $7.2M | 0.79% | 775,000 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $7.2M | 0.79% | 500,000 | CALL | SOLE |
| 978097103 | WWW | WOLVERINE WORLD WIDE INC | $7.1M | 0.78% | 436,000 | Common | SOLE |
| 371532102 | GCO | GENESCO INC | $7.1M | 0.78% | 244,000 | Common | SOLE |
| 36262G101 | GXO | GXO LOGISTICS INCORPORATED | $6.5M | 0.71% | 125,000 | Common | SOLE |
| 925815102 | VICR | VICOR CORP | $6.4M | 0.71% | 40,000 | CALL | SOLE |
| 05464C101 | AXON | AXON ENTERPRISE INC | $6.2M | 0.68% | 14,500 | Common | SOLE |
| G25457105 | CRDO | CREDO TECHNOLOGY GROUP HOLDI | $6.1M | 0.67% | 65,000 | Common | SOLE |
| 89422G107 | TVTX | TRAVERE THERAPEUTICS INC | $5.9M | 0.65% | 200,000 | PUT | SOLE |
| 34631F102 | FPS | FORGENT POWER SOLUTIONS INC | $5.9M | 0.64% | 200,000 | Common | SOLE |
| 548661107 | LOW | LOWES COS INC | $5.0M | 0.55% | 21,250 | Common | SOLE |
| G32089107 | ETOR | ETORO GROUP LTD | $4.5M | 0.49% | 150,000 | CALL | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $3.7M | 0.40% | 35,000 | CALL | SOLE |
| 01438T106 | ALDX | ALDEYRA THERAPEUTICS INC | $3.6M | 0.40% | 2,152,315 | Common | SOLE |
| 88339P101 | REAL | THE REALREAL INC | $3.6M | 0.40% | 400,000 | Common | SOLE |
| 925815102 | VICR | VICOR CORP | $3.2M | 0.35% | 20,000 | Common | SOLE |
| 28617K101 | ELDN | ELEDON PHARMACEUTICALS INC | $3.2M | 0.35% | 1,039,275 | Common | SOLE |
| 88162G103 | TTEK | TETRA TECH INC NEW | $3.0M | 0.33% | 100,000 | Common | SOLE |
| 20464U100 | COMP | COMPASS INC | $2.9M | 0.32% | 400,000 | CALL | SOLE |
| 465741106 | ITRI | ITRON INC | $2.2M | 0.25% | 25,000 | Common | SOLE |
| 654484609 | NB | NIOCORP DEVS LTD | $2.0M | 0.22% | 450,000 | Common | SOLE |
| 811292200 | SCYX | SCYNEXIS INC | $1.8M | 0.20% | 1,982,491 | Common | SOLE |
| 471871202 | JSPR | JASPER THERAPEUTICS INC | $1.2M | 0.13% | 1,352,106 | Common | SOLE |
| 01626W101 | ALIT | ALIGHT INC | $524,430 | 0.06% | 900,000 | CALL | SOLE |
| 29415J205 | NVNO | ENVVENO MEDICAL CORPORATION | $366,362 | 0.04% | 36,166 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.