Q3 2025 · 13F-HR
KINGDON CAPITAL MANAGEMENT, L.L.C.holdings as filed
Filed 2025-11-14 · accession 0001000097-25-000022
$805.7M
Reported value
77
Positions
2025-09-30
Period end
The Brief · KINGDON CAPITAL MANAGEMENT, L.L.C. · Q3 2025
AI · grounded in 13F
KINGDON CAPITAL MANAGEMENT, L.L.C. established a new position in QQQ valued at $51.03M. The fund also initiated new stakes in SNDX for $38.46M and EWY for $26.03M. Additional new positions include SMH, NVDA, and KKR.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 46090E103 | QQQ | INVESCO QQQ TR | $51.0M | 6.33% | 85,000 | PUT | SOLE |
| 87164F105 | SNDX | SYNDAX PHARMACEUTICALS INC | $38.5M | 4.77% | 2,500,000 | Common | SOLE |
| 92189F676 | SMH | VANECK ETF TRUST | $22.8M | 2.84% | 70,000 | PUT | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $21.9M | 2.72% | 117,500 | Common | SOLE |
| 60855R100 | MOH | MOLINA HEALTHCARE INC | $21.1M | 2.62% | 110,200 | Common | SOLE |
| 834203309 | SLNO | SOLENO THERAPEUTICS INC | $20.3M | 2.53% | 301,000 | Common | SOLE |
| 28176E108 | EW | EDWARDS LIFESCIENCES CORP | $19.6M | 2.43% | 251,400 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $19.5M | 2.42% | 2,177,837 | Common | SOLE |
| 444859102 | HUM | HUMANA INC | $18.4M | 2.28% | 70,600 | Common | SOLE |
| 12008R107 | BLDR | BUILDERS FIRSTSOURCE INC | $18.2M | 2.26% | 150,000 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $18.0M | 2.23% | 150,000 | Common | SOLE |
| 300426103 | ECG | EVERUS CONSTR GROUP | $17.1M | 2.13% | 200,000 | Common | SOLE |
| 565394103 | CART | MAPLEBEAR INC | $16.5M | 2.05% | 450,000 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $16.2M | 2.02% | 125,000 | CALL | SOLE |
| 464286772 | EWY | ISHARES INC | $15.2M | 1.89% | 190,000 | PUT | SOLE |
| 379577208 | GMED | GLOBUS MED INC | $14.8M | 1.83% | 257,650 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $14.2M | 1.77% | 27,500 | Common | SOLE |
| 81369Y886 | XLU | SELECT SECTOR SPDR TR | $13.1M | 1.62% | 150,000 | PUT | SOLE |
| 422806109 | HEI | HEICO CORP NEW | $12.9M | 1.60% | 40,000 | Common | SOLE |
| H8088L103 | SRAD | SPORTRADAR GROUP AG | $12.8M | 1.58% | 474,000 | Common | SOLE |
| 53947R105 | LOAR | LOAR HOLDINGS INC | $12.0M | 1.49% | 150,000 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $11.9M | 1.47% | 42,500 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $11.8M | 1.46% | 16,000 | Common | SOLE |
| 830830105 | SKY | CHAMPION HOMES INC | $11.5M | 1.42% | 150,000 | Common | SOLE |
| 00187Y100 | APG | API GROUP CORP | $11.2M | 1.39% | 325,000 | Common | SOLE |
| 60871R209 | TAP | MOLSON COORS BEVERAGE CO | $10.9M | 1.35% | 240,200 | Common | SOLE |
| N6596X109 | NXPI | NXP SEMICONDUCTORS N V | $10.8M | 1.34% | 47,500 | Common | SOLE |
| 464286772 | EWY | ISHARES INC | $10.8M | 1.34% | 135,000 | Common | SOLE |
| 443201108 | HWM | HOWMET AEROSPACE INC | $10.8M | 1.34% | 55,000 | Common | SOLE |
| 29364G103 | ETR | ENTERGY CORP NEW | $10.7M | 1.33% | 115,000 | Common | SOLE |
| 95040Q104 | WELL | WELLTOWER INC | $10.7M | 1.33% | 60,000 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $10.3M | 1.28% | 100,000 | Common | SOLE |
| 09260D107 | BX | BLACKSTONE INC | $10.3M | 1.27% | 60,000 | PUT | SOLE |
| Y2573F102 | FLEX | FLEX LTD | $10.1M | 1.26% | 175,000 | Common | SOLE |
| 93403J106 | WRBY | WARBY PARKER INC | $9.7M | 1.20% | 350,000 | Common | SOLE |
| 750940108 | RAL | RALLIANT CORP | $9.6M | 1.19% | 220,000 | Common | SOLE |
| 40416E103 | HCI | HCI GROUP INC | $9.6M | 1.19% | 50,000 | CALL | SOLE |
| 231561101 | CW | CURTISS WRIGHT CORP | $9.5M | 1.18% | 17,500 | Common | SOLE |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $9.2M | 1.14% | 45,000 | Common | SOLE |
| 903731107 | ULS | UL SOLUTIONS INC | $8.9M | 1.10% | 125,000 | Common | SOLE |
| 879360105 | TDY | TELEDYNE TECHNOLOGIES INC | $8.8M | 1.09% | 15,000 | Common | SOLE |
| 60471A101 | MIR | MIRION TECHNOLOGIES INC | $8.7M | 1.08% | 375,000 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $8.4M | 1.05% | 50,000 | Common | SOLE |
| 68062P106 | OLMA | OLEMA PHARMACEUTICALS INC | $8.4M | 1.04% | 854,000 | Common | SOLE |
| 531229755 | FWONK | LIBERTY MEDIA CORP DEL | $8.4M | 1.04% | 80,000 | Common | SOLE |
| 40416E103 | HCI | HCI GROUP INC | $8.2M | 1.01% | 42,500 | Common | SOLE |
| 21874C102 | CNM | CORE & MAIN INC | $8.1M | 1.00% | 150,000 | Common | SOLE |
| 464288752 | ITB | ISHARES TR | $8.0M | 1.00% | 75,000 | PUT | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $7.3M | 0.91% | 30,000 | Common | SOLE |
| 74623V103 | PCT | PURECYCLE TECHNOLOGIES INC | $7.3M | 0.90% | 553,000 | Common | SOLE |
| 958102105 | WDC | WESTERN DIGITAL CORP | $7.2M | 0.89% | 60,000 | Common | SOLE |
| 05464C101 | AXON | AXON ENTERPRISE INC | $7.2M | 0.89% | 10,000 | Common | SOLE |
| 01438T106 | ALDX | ALDEYRA THERAPEUTICS INC | $7.0M | 0.86% | 1,331,791 | Common | SOLE |
| 219350105 | GLW | CORNING INC | $6.6M | 0.81% | 80,000 | Common | SOLE |
| 465741106 | ITRI | ITRON INC | $6.2M | 0.77% | 50,000 | Common | SOLE |
| 488445206 | ZVRA | ZEVRA THERAPEUTICS INC | $6.2M | 0.77% | 650,000 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $6.1M | 0.76% | 10,000 | PUT | SOLE |
| 88162G103 | TTEK | TETRA TECH INC NEW | $5.8M | 0.73% | 175,000 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $5.8M | 0.72% | 14,300 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $5.6M | 0.70% | 20,000 | CALL | SOLE |
| 548661107 | LOW | LOWES COS INC | $5.6M | 0.69% | 22,250 | Common | SOLE |
| 87165B103 | SYF | SYNCHRONY FINANCIAL | $5.3M | 0.66% | 75,000 | PUT | SOLE |
| 48251W104 | KKR | KKR & CO INC | $5.2M | 0.65% | 40,000 | Common | SOLE |
| H01301128 | ALC | ALCON AG | $4.3M | 0.53% | 57,500 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $4.1M | 0.51% | 60,000 | Common | SOLE |
| 79589L106 | IOT | SAMSARA INC | $3.7M | 0.46% | 100,000 | CALL | SOLE |
| 978097103 | WWW | WOLVERINE WORLD WIDE INC | $3.6M | 0.44% | 129,500 | Common | SOLE |
| 98420X202 | XFOR | X4 PHARMACEUTICALS INC | $3.2M | 0.40% | 933,332 | Common | SOLE |
| 471871202 | JSPR | JASPER THERAPEUTICS INC | $3.2M | 0.39% | 1,324,845 | Common | SOLE |
| 39037G109 | GEG | GREAT ELM GROUP INC | $2.9M | 0.36% | 1,168,907 | Common | SOLE |
| 654484609 | NB | NIOCORP DEVS LTD | $2.1M | 0.26% | 314,465 | Common | SOLE |
| 811292200 | SCYX | SCYNEXIS INC | $1.7M | 0.21% | 2,237,048 | Common | SOLE |
| 29415J106 | NVNO | ENVVENO MEDICAL CORPORATION | $1.2M | 0.15% | 1,359,261 | Common | SOLE |
| 146869102 | CVNA | CARVANA CO | $943,100 | 0.12% | 2,500 | Common | SOLE |
| 70202L102 | PSN | PARSONS CORP DEL | $829,200 | 0.10% | 10,000 | Common | SOLE |
| 61559X104 | MLTX | MOONLAKE IMMUNOTHERAPEUTICS | $358,500 | 0.04% | 50,000 | CALL | SOLE |
| 08862L202 | XAIR | BEYOND AIR INC | $108,184 | 0.01% | 46,833 | 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.