KINGDON CAPITAL MANAGEMENT, L.L.C.
13F Reported Value
ⓘ$911.0M
incl. option notional
Equity Holdings
ⓘ$597.1M
Option Notional
ⓘ$313.9M
$269.7M puts / $44.1M calls
Holdings
67
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
KINGDON CAPITAL MANAGEMENT, L.L.C. disclosed 67 positions worth $911.0M in its Form 13F-HR for Q1 2026 — $597.1M in common stock plus $313.9M of put/call option positions (reported at underlying notional value, not premium at risk), led by $SPY (SPDR S&P 500 ETF TRUST) puts, followed by $SNDX and $NVDA. During the quarter the fund opened 32 new positions and exited 33 — including a new stake in $SPY and a full exit from $SLV. The portfolio is most concentrated in Technology (28.1% of disclosed assets). All figures are sourced directly from KINGDON CAPITAL MANAGEMENT, L.L.C.’s Form 13F-HR filing with the SEC under CIK 1000097.
AI Fund Analysis
ConcentratingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- —
Quality
$185.3M285,000 sh - 30.0#2,378
Quality
$58.4M2,500,000 sh - 90.2#1
Quality
$34.9M200,000 sh - —
Quality
$29.0M2,500,000 sh ISHARES TR PUT
—Quality
$24.8M100,000 sh- 72.3
Quality
$22.6M80,000 sh - 51.2
Quality
$22.2M1,053,644 sh - 46.3
Quality
$19.3M575,000 sh - 61.3
Quality
$18.2M450,000 sh - 76.4
Quality
$17.6M470,000 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 SPDR S&P 500 ETF TRUST$SPYPUT | — | $185.3M | 285,000 |
 Syndax Pharmaceuticals Inc$SNDX | 30.0#2,378 | $58.4M | 2,500,000 |
 NVIDIA CORP$NVDA | 90.2#1 | $34.9M | 200,000 |
 NexGen Energy Ltd.$NXE | — | $29.0M | 2,500,000 |
| ISHARES TR PUT | — | $24.8M | 100,000 |
 Keysight Technologies, Inc.$KEYS | 72.3 | $22.6M | 80,000 |
 Warby Parker Inc.$WRBY | 51.2 | $22.2M | 1,053,644 |
 SOLENO THERAPEUTICS INC$SLNO | 46.3 | $19.3M | 575,000 |
 APi Group Corp$APG | 61.3 | $18.2M | 450,000 |
 Maplebear Inc.$CART | 76.4 | $17.6M | 470,000 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of KINGDON CAPITAL MANAGEMENT, L.L.C.'s 67 positions.
Showing top 10 of 67 holdings.
Sector Allocation
Technology
$167.5M
Healthcare
$162.6M
Industrials
$125.3M
Materials
$54.6M
Consumer Discretionary
$29.3M
Real Estate
$24.0M
Other
$22.0M
Consumer Staples
$11.8M
Full Holdings — KINGDON CAPITAL MANAGEMENT, L.L.C. (Q1 2026)
All 67 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $SPYPUT | SPDR S&P 500 ETF TRUST | $185.3M | — | NEW | — |
| 2 | $SNDX | Syndax Pharmaceuticals Inc | $58.4M | 9.8% | +6% | 30 |
| 3 | $NVDA | NVIDIA CORP | $34.9M | 5.8% | +38% | 90.2 |
| 4 | $NXE | NexGen Energy Ltd. | $29.0M | 4.9% | +0% | — |
| 5 | — | ISHARES TR | $24.8M | — | NEW | — |
| 6 | $KEYS | Keysight Technologies, Inc. | $22.6M | 3.8% | -38% | 72.3 |
| 7 | $WRBY | Warby Parker Inc. | $22.2M | 3.7% | +0% | 51.2 |
| 8 | $SLNO | SOLENO THERAPEUTICS INC | $19.3M | 3.2% | +44% | 46.3 |
| 9 | $APG | APi Group Corp | $18.2M | 3.0% | +20% | 61.3 |
| 10 | $CART | Maplebear Inc. | $17.6M | 3.0% | +21% | 76.4 |
| 11 |  $HWM | Howmet Aerospace Inc. | $16.1M | 2.7% | -13% | 79.1 |
| 12 | — | ISHARES TR | $15.6M | — | NEW | — |
| 13 |  $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $15.2M | 2.5% | +13% | — |
| 14 | — | ISHARES INC | $14.8M | — | +60% | — |
| 15 |  $ECG | Everus Construction Group, Inc. | $14.8M | 2.5% | -38% | 67 |
| 16 |  $AHR | American Healthcare REIT, Inc. | $14.1M | 2.4% | +50% | 63.7 |
| 17 | — | VANECK ETF TRUST | $13.4M | — | -30% | — |
| 18 | — | ISHARES TR | $12.8M | 2.1% | NEW | — |
| 19 |  $OLMA | Olema Pharmaceuticals, Inc. | $12.7M | 2.1% | -10% | — |
| 20 |  $GTX | Garrett Motion Inc. | $12.7M | 2.1% | NEW | 59.6 |
| 21 |  $AER | AerCap Holdings N.V. | $12.3M | 2.1% | NEW | — |
| 22 |  $DAR | DARLING INGREDIENTS INC. | $11.8M | 2.0% | NEW | 46.6 |
| 23 |  $ICLR | ICON PLC | $11.7M | 1.9% | +108% | — |
| 24 |  $BKD | Brookdale Senior Living Inc. | $11.6M | 1.9% | NEW | 43.1 |
| 25 |  $FLEX | FLEX LTD. | $11.5M | 1.9% | +84% | — |
| 26 |  $BABA | Alibaba Group Holding Ltd | $11.3M | 1.9% | -10% | — |
| 27 |  $SRAD | Sportradar Group AG | $11.3M | 1.9% | +0% | — |
| 28 |  $VSEC | VSE CORP | $11.1M | 1.9% | NEW | 56.4 |
| 29 |  $HEI | HEICO CORP | $11.0M | 1.8% | +0% | 79.2 |
| 30 |  $AIR | AAR CORP | $10.9M | 1.8% | +150% | 65.3 |
| 31 |  $TDY | TELEDYNE TECHNOLOGIES INC | $10.6M | 1.8% | -42% | 70.2 |
| 32 |  $WAY | Waystar Holding Corp. | $10.6M | 1.8% | +6% | 71.4 |
| 33 |  $RAL | Ralliant Corp | $10.4M | 1.7% | +14% | 36.3 |
| 34 |  $HOODCALL | Robinhood Markets, Inc. | $10.4M | — | NEW | 75.8 |
| 35 |  $CR | Crane Co | $10.3M | 1.7% | NEW | 64.8 |
| 36 |  $WELL | WELLTOWER INC. | $9.9M | 1.7% | +0% | 75.7 |
| 37 | — | SELECT SECTOR SPDR TR | $9.9M | — | NEW | — |
| 38 |  $ACHC | Acadia Healthcare Company, Inc. | $9.3M | 1.6% | NEW | 49.3 |
| 39 | — | ISHARES INC | $9.2M | 1.5% | -35% | — |
| 40 |  $CGNX | COGNEX CORP | $9.1M | 1.5% | NEW | 63.6 |
| 41 |  $GECALL | GENERAL ELECTRIC CO | $8.5M | — | NEW | 74.8 |
| 42 |  $CNL | Collective Mining Ltd. | $7.5M | 1.3% | NEW | — |
| 43 |  $ZVRA | ZEVRA THERAPEUTICS, INC. | $7.2M | 1.2% | +32% | 65.6 |
| 44 |  $NUCALL | Nu Holdings Ltd. | $7.2M | — | NEW | — |
| 45 |  $WWW | WOLVERINE WORLD WIDE INC /DE/ | $7.1M | 1.2% | -34% | 46.9 |
| 46 |  $GCO | GENESCO INC | $7.1M | 1.2% | NEW | 36.1 |
| 47 |  $GXO | GXO Logistics, Inc. | $6.5M | 1.1% | NEW | 51.9 |
| 48 |  $VICRCALL | VICOR CORP | $6.4M | — | NEW | 63.6 |
| 49 |  $AXON | AXON ENTERPRISE, INC. | $6.2M | 1.0% | +7% | 55.6 |
| 50 |  $CRDO | Credo Technology Group Holding Ltd | $6.1M | 1.0% | NEW | — |
| 51 |  $TVTXPUT | Travere Therapeutics, Inc. | $5.9M | — | NEW | 39.2 |
| 52 |  $FPS | Forgent Power Solutions, Inc. | $5.9M | 1.0% | NEW | — |
| 53 |  $LOW | LOWES COMPANIES INC | $5.0M | 0.8% | NEW | 63.5 |
| 54 |  $ETORCALL | eToro Group Ltd. | $4.5M | — | NEW | — |
| 55 |  $NOWCALL | ServiceNow, Inc. | $3.7M | — | NEW | 76 |
| 56 |  $ALDX | Aldeyra Therapeutics, Inc. | $3.6M | 0.6% | +16% | — |
| 57 |  $REAL | TheRealReal, Inc. | $3.6M | 0.6% | NEW | 54.2 |
| 58 | $VICR | VICOR CORP | $3.2M | 0.5% | NEW | 63.6 |
| 59 |  $ELDN | Eledon Pharmaceuticals, Inc. | $3.2M | 0.5% | +0% | — |
| 60 |  $TTEK | TETRA TECH INC | $3.0M | 0.5% | -33% | 63 |
| 61 |  $COMPCALL | Compass, Inc. | $2.9M | — | NEW | 58.3 |
| 62 |  $ITRI | ITRON, INC. | $2.2M | 0.4% | -50% | 64.4 |
| 63 |  $NB | NIOCORP DEVELOPMENTS LTD | $2.0M | 0.3% | +43% | — |
| 64 |  $SCYX | SCYNEXIS INC | $1.8M | 0.3% | NEW | — |
| 65 |  $JSPR | Jasper Therapeutics, Inc. | $1.2M | 0.2% | NEW | — |
| 66 |  $ALITCALL | Alight, Inc. / Delaware | $524,430 | — | NEW | 34.4 |
| 67 |  $NVNO | enVVeno Medical Corp | $366,362 | 0.1% | -97% | — |
New Positions (32)
$SPYPUT SPDR S&P 500 ETF TRUST$185.3M$GTX Garrett Motion Inc.$12.7M$AER AerCap Holdings N.V.$12.3M$DAR DARLING INGREDIENTS INC.$11.8M$BKD Brookdale Senior Living Inc.$11.6M$VSEC VSE CORP$11.1M$HOODCALL Robinhood Markets, Inc.$10.4M$CR Crane Co$10.3M$ACHC Acadia Healthcare Company, Inc.$9.3M$CGNX COGNEX CORP$9.1M$GECALL GENERAL ELECTRIC CO$8.5MExited Positions (33)
$SLVPUT iShares Silver Trust$NVDAPUT NVIDIA CORP
$CRH CRH PUBLIC LTD CO
$IVZCALL Invesco Ltd.
$BACCALL BANK OF AMERICA CORP /DE/
$KKRCALL KKR & Co. Inc.
$AMD ADVANCED MICRO DEVICES INC
$FWONA Liberty Media Corp$AMDPUT ADVANCED MICRO DEVICES INC
$GOOG Alphabet Inc.
$TAP MOLSON COORS BEVERAGE CO
$WMT Walmart Inc.$BABAPUT Alibaba Group Holding Ltd
$UPSTCALL Upstart Holdings, Inc.
$CARR CARRIER GLOBAL CorpBrowse Top Institutional Investors
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