Institutional
KINGDON CAPITAL MANAGEMENT, L.L.C.
CIK 0001000097
$911.0M
Reported AUM
65
Positions
Q1 2026
Period
2026-05-15
Filed
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.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | $737.55 | -2.58% | 24.51% | 79.50% | $185.3M | 20.34% | +285,000 | NEW |
| 2 | SNDX | SYNDAX PHARMACEUTICALS INC | $16.97 | -2.16% | 51.44% | 18.93% | $58.4M | 6.41% | +150,000 | +6.4% |
| 3 | NVDA | NVIDIA CORPORATION | $205.10 | -6.20% | 44.92% | 955.49% | $34.9M | 3.83% | −60,000 | −23.1% |
| 4 | NXE | NEXGEN ENERGY LTD | $10.28 | -9.90% | 60.62% | 142.45% | $29.0M | 3.18% | — | HELD |
| 5 | IWM | ISHARES TR | $281.65 | -3.55% | 34.35% | 35.27% | $24.8M | 2.72% | +100,000 | NEW |
| 6 | EWY | ISHARES INC | $175.19 | -14.11% | 173.18% | 119.18% | $24.0M | 2.63% | +5,000 | +2.6% |
| 7 | KEYS | KEYSIGHT TECHNOLOGIES INC | $329.83 | -3.87% | 103.66% | 100.44% | $22.6M | 2.48% | −50,000 | −38.5% |
| 8 | WRBY | WARBY PARKER INC | $22.72 | -5.80% | 5.28% | -57.93% | $22.2M | 2.44% | — | HELD |
| 9 | SLNO | SOLENO THERAPEUTICS INC | $53.01 | 0.00% | -29.80% | 288.35% | $19.3M | 2.11% | +175,100 | +43.8% |
| 10 | APG | API GROUP CORP | $41.98 | -0.99% | 29.20% | 174.74% | $18.2M | 2.00% | +75,000 | +20.0% |
| 11 | CART | MAPLEBEAR INC | — | — | -9.66% | 67.52% | $17.6M | 1.93% | +80,000 | +20.5% |
| 12 | HWM | HOWMET AEROSPACE INC | $251.90 | 1.03% | 43.96% | 678.81% | $16.1M | 1.77% | −10,000 | −12.5% |
| 13 | MTUM | ISHARES TR | $306.47 | -5.95% | 32.74% | 85.12% | $15.6M | 1.71% | +65,000 | NEW |
| 14 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $415.17 | -6.69% | 104.85% | 285.24% | $15.2M | 1.67% | +5,000 | +12.5% |
| 15 | ECG | EVERUS CONSTR GROUP | $150.29 | -2.89% | 145.61% | 136.08% | $14.8M | 1.62% | −75,000 | −37.5% |
| 16 | AHR | AMERICAN HEALTHCARE REIT INC | $47.48 | 2.39% | 37.01% | 250.41% | $14.1M | 1.55% | +100,000 | +50.0% |
| 17 | SMH | VANECK ETF TRUST | $569.69 | -9.22% | 126.12% | 346.26% | $13.4M | 1.47% | −15,000 | −30.0% |
| 18 | ICLN | ISHARES TR | $21.32 | -7.71% | 67.68% | 0.03% | $12.8M | 1.41% | +700,000 | NEW |
| 19 | OLMA | OLEMA PHARMACEUTICALS INC | $10.21 | -0.97% | 131.17% | -56.09% | $12.7M | 1.40% | −98,600 | −10.3% |
| 20 | GTX | GARRETT MOTION INC | $32.30 | 1.06% | 220.47% | 408.76% | $12.7M | 1.40% | +700,000 | NEW |
| 21 | AER | AERCAP HOLDINGS NV | $136.94 | 0.37% | 18.12% | 163.88% | $12.3M | 1.36% | +90,000 | NEW |
| 22 | DAR | DARLING INGREDIENTS INC | $59.45 | -2.09% | 93.33% | -13.93% | $11.8M | 1.29% | +190,000 | NEW |
| 23 | ICLR | ICON PLC | $149.45 | -2.19% | 7.43% | -38.57% | $11.7M | 1.28% | +54,700 | +108.1% |
| 24 | BKD | BROOKDALE SR LIVING INC | $12.29 | -0.41% | 84.73% | 64.10% | $11.6M | 1.28% | +850,000 | NEW |
| 25 | FLEX | FLEXTRONICS INTL LTD | $152.24 | 0.21% | 252.73% | 1021.86% | $11.5M | 1.26% | +80,000 | +84.2% |
| 26 | BABA | ALIBABA GROUP HLDG LTD | $121.06 | -3.88% | 3.12% | -34.69% | $11.3M | 1.24% | −85,000 | −48.6% |
| 27 | SRAD | SPORTRADAR GROUP AG | $15.00 | 7.91% | -42.32% | -33.49% | $11.3M | 1.24% | — | HELD |
| 28 | VSEC | VSE CORP | $180.56 | -1.83% | 35.43% | 271.74% | $11.1M | 1.21% | +60,000 | NEW |
| 29 | HEI | HEICO CORP NEW | $331.43 | -0.46% | 9.34% | 146.22% | $11.0M | 1.20% | — | HELD |
| 30 | AIR | AAR CORP | $116.65 | 0.97% | 74.42% | 226.20% | $10.9M | 1.20% | +60,000 | +150.0% |
| 31 | TDY | TELEDYNE TECHNOLOGIES INC | $610.89 | 1.43% | — | — | $10.6M | 1.16% | −12,500 | −41.7% |
| 32 | WAY | WAYSTAR HLDG CORP | $19.37 | -3.15% | — | — | $10.6M | 1.16% | +23,451 | +5.7% |
| 33 | RAL | RALLIANT CORP | $60.17 | -3.62% | — | — | $10.4M | 1.14% | +30,000 | +13.6% |
| 34 | HOOD | ROBINHOOD MKTS INC | $82.47 | -6.63% | — | — | $10.4M | 1.14% | +150,000 | NEW |
| 35 | CR | CRANE COMPANY | $188.86 | 0.27% | — | — | $10.3M | 1.13% | +60,000 | NEW |
| 36 | WELL | WELLTOWER INC | $206.93 | 3.03% | — | — | $9.9M | 1.09% | — | HELD |
| 37 | XLF | SELECT SECTOR SPDR TR | $52.30 | 0.21% | — | — | $9.9M | 1.08% | +200,000 | NEW |
| 38 | VICR | VICOR CORP | $271.04 | -11.46% | — | — | $9.7M | 1.06% | +60,000 | NEW |
| 39 | ACHC | ACADIA HEALTHCARE COMPANY IN | $24.48 | -2.90% | — | — | $9.3M | 1.02% | +396,192 | NEW |
| 40 | CGNX | COGNEX CORP | $61.69 | 1.43% | — | — | $9.1M | 0.99% | +185,000 | NEW |
| 41 | GE | GE AEROSPACE | $328.00 | 0.11% | — | — | $8.5M | 0.93% | +30,000 | NEW |
| 42 | CNL | COLLECTIVE MINING LTD | $13.97 | -11.25% | — | — | $7.5M | 0.82% | +425,000 | NEW |
| 43 | ZVRA | ZEVRA THERAPEUTICS INC | $10.61 | -5.01% | — | — | $7.2M | 0.79% | +189,931 | +32.5% |
| 44 | NU | NU HLDGS LTD | $11.97 | -1.24% | — | — | $7.2M | 0.79% | +500,000 | NEW |
| 45 | WWW | WOLVERINE WORLD WIDE INC | $15.90 | -0.19% | — | — | $7.1M | 0.78% | −221,500 | −33.7% |
| 46 | GCO | GENESCO INC | $37.93 | -4.96% | — | — | $7.1M | 0.78% | +244,000 | NEW |
| 47 | GXO | GXO LOGISTICS INCORPORATED | $49.24 | 1.16% | — | — | $6.5M | 0.71% | +125,000 | NEW |
| 48 | AXON | AXON ENTERPRISE INC | $486.12 | -5.28% | — | — | $6.2M | 0.68% | +1,000 | +7.4% |
| 49 | CRDO | CREDO TECHNOLOGY GROUP HOLDI | $206.89 | -4.88% | — | — | $6.1M | 0.67% | +65,000 | NEW |
| 50 | TVTX | TRAVERE THERAPEUTICS INC | $46.54 | 1.59% | — | — | $5.9M | 0.65% | +200,000 | NEW |
| 51 | FPS | FORGENT POWER SOLUTIONS INC | $59.24 | 0.19% | — | — | $5.9M | 0.64% | +200,000 | NEW |
| 52 | LOW | LOWES COS INC | $210.74 | 1.55% | — | — | $5.0M | 0.55% | +21,250 | NEW |
| 53 | ETOR | ETORO GROUP LTD | $38.23 | -3.63% | — | — | $4.5M | 0.49% | +150,000 | NEW |
| 54 | NOW | SERVICENOW INC | $112.45 | -5.79% | — | — | $3.7M | 0.40% | +35,000 | NEW |
| 55 | ALDX | ALDEYRA THERAPEUTICS INC | $1.63 | -7.39% | — | — | $3.6M | 0.40% | +302,315 | +16.3% |
| 56 | REAL | THE REALREAL INC | $9.18 | 3.44% | — | — | $3.6M | 0.40% | +400,000 | NEW |
| 57 | ELDN | ELEDON PHARMACEUTICALS INC | $3.41 | -5.28% | — | — | $3.2M | 0.35% | — | HELD |
| 58 | TTEK | TETRA TECH INC NEW | $27.90 | -0.25% | — | — | $3.0M | 0.33% | −50,000 | −33.3% |
| 59 | COMP | COMPASS INC | $7.56 | -1.95% | — | — | $2.9M | 0.32% | +400,000 | NEW |
| 60 | ITRI | ITRON INC | $80.07 | -1.21% | — | — | $2.2M | 0.25% | −25,000 | −50.0% |
| 61 | NB | NIOCORP DEVS LTD | $5.13 | -12.90% | — | — | $2.0M | 0.22% | +135,535 | +43.1% |
| 62 | SCYX | SCYNEXIS INC | $4.64 | -1.38% | — | — | $1.8M | 0.20% | +1,982,491 | NEW |
| 63 | JSPR | JASPER THERAPEUTICS INC | $0.49 | 2.49% | — | — | $1.2M | 0.13% | +1,352,106 | NEW |
| 64 | ALIT | ALIGHT INC | $0.73 | -2.02% | — | — | $524K | 0.06% | +900,000 | NEW |
| 65 | NVNO | ENVVENO MEDICAL CORPORATION | $10.21 | -5.02% | — | — | $366K | 0.04% | +36,166 | NEW |
| 66 | SLV | ISHARES SILVER TR | $61.57 | -8.08% | — | — | — | — | −850,000 | EXITED |
| 67 | AMD | ADVANCED MICRO DEVICES INC | $466.38 | -10.86% | — | — | — | — | −132,500 | EXITED |
| 68 | BAC | BANK AMERICA CORP | $53.83 | -0.63% | — | — | — | — | −465,000 | EXITED |
| 69 | TAN | INVESCO EXCH TRADED FD TR II | $64.05 | -9.07% | — | — | — | — | −450,000 | EXITED |
| 70 | CRH | CRH PLC | $105.06 | -1.42% | — | — | — | — | −150,000 | EXITED |
| 71 | KKR | KKR & CO INC | $93.40 | -2.16% | — | — | — | — | −125,000 | EXITED |
| 72 | FWONK | LIBERTY MEDIA CORP DEL | $87.45 | -0.26% | — | — | — | — | −140,000 | EXITED |
| 73 | GOOGL | ALPHABET INC | $368.53 | -0.98% | — | — | — | — | −37,500 | EXITED |
| 74 | TAP | MOLSON COORS BEVERAGE CO | $39.08 | 0.05% | — | — | — | — | −240,200 | EXITED |
| 75 | WMT | WALMART INC | $118.88 | 0.97% | — | — | — | — | −100,000 | EXITED |
| 76 | UPST | UPSTART HLDGS INC | $29.74 | -7.84% | — | — | — | — | −250,000 | EXITED |
| 77 | CARR | CARRIER GLOBAL CORPORATION | $68.08 | 1.38% | — | — | — | — | −200,000 | EXITED |
| 78 | LOAR | LOAR HOLDINGS INC | $63.29 | -2.32% | — | — | — | — | −150,000 | EXITED |
| 79 | ULS | UL SOLUTIONS INC | $96.81 | -2.41% | — | — | — | — | −125,000 | EXITED |
| 80 | NXPI | NXP SEMICONDUCTORS N V | $303.75 | 2.63% | — | — | — | — | −45,000 | EXITED |
| 81 | HCI | HCI GROUP INC | $156.98 | 4.49% | — | — | — | — | −45,000 | EXITED |
| 82 | ILMN | ILLUMINA INC | $158.85 | -2.14% | — | — | — | — | −62,700 | EXITED |
| 83 | RDNT | RADNET INC | $54.15 | -0.35% | — | — | — | — | −110,000 | EXITED |
| 84 | ALC | ALCON AG | $66.81 | 0.35% | — | — | — | — | −88,480 | EXITED |
| 85 | USFD | US FOODS HLDG CORP | $84.61 | 2.93% | — | — | — | — | −85,000 | EXITED |
| 86 | HIMS | HIMS & HERS HEALTH INC | $26.26 | 0.29% | — | — | — | — | −170,000 | EXITED |
| 87 | PRM | PERIMETER SOLUTIONS INC | $30.56 | 1.33% | — | — | — | — | −200,000 | EXITED |
| 88 | WDC | WESTERN DIGITAL CORP | $511.72 | -11.08% | — | — | — | — | −30,000 | EXITED |
| 89 | OKTA | OKTA INC | $118.72 | -3.85% | — | — | — | — | −55,000 | EXITED |
| 90 | CCB | COASTAL FINL CORP WA | $70.24 | -0.06% | — | — | — | — | −40,000 | EXITED |
| 91 | CW | CURTISS WRIGHT CORP | $733.14 | -1.38% | — | — | — | — | −7,000 | EXITED |
| 92 | PCT | PURECYCLE TECHNOLOGIES INC | $12.28 | -1.84% | — | — | — | — | −200,000 | EXITED |
| 93 | INFY | INFOSYS LTD | $12.28 | -0.93% | — | — | — | — | −71,500 | EXITED |
| 94 | NVNO | ENVVENO MEDICAL CORPORATION | $10.21 | -5.02% | — | — | — | — | −1,265,845 | EXITED |
Source: SEC EDGAR · accession 0001000097-26-000005. 13F discloses long positions only — shorts, foreign equities, and options are excluded.