Basic Stats
Insider Profile KINGDON CAPITAL MANAGEMENT, L.L.C.
Portfolio Value $ 742,524,992
Current Positions 67
Latest Holdings, Performance, AUM (from 13F, 13D)

Kingdon Capital Management, L.l.c. has disclosed 67 total holdings in their latest SEC filings. Most recent portfolio value is calculated to be $ 742,524,992 USD. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Kingdon Capital Management, L.l.c.’s top holdings are SPDR Series Trust - SPDR S&P Regional Banking ETF (US:KRE) , iShares Trust - iShares Russell 2000 ETF (US:IWM) , KKR & Co. Inc. (US:KKR) , SPDR S&P 500 ETF (US:SPY) , and iShares, Inc. - iShares MSCI Japan ETF (US:EWJ) . Kingdon Capital Management, L.l.c.’s new positions include iShares, Inc. - iShares MSCI Japan ETF (US:EWJ) , Sandisk Corporation (US:SNDK) , Toll Brothers, Inc. (US:TOL) , iShares, Inc. - iShares MSCI South Korea ETF (US:EWY) , and Upstart Holdings, Inc. (US:UPST) . Kingdon Capital Management, L.l.c.’s top industries are "Building Construction General Contractors And Operative Builders" (sic 15) , "Paper And Allied Products" (sic 26) , and "Petroleum Refining And Related Industries" (sic 29) .

Kingdon Capital Management, L.l.c. - Portfolio Value
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Top Increases This Quarter

We use the change in the portfolio allocation because this is the most meaningful metric. Changes can be due to trades or changes in share prices.

Security Shares
(MM)		 Value
(MM$)		 Portfolio % ΔPortfolio %
1.00 59.39 7.9984 7.9984
0.15 32.37 4.3592 4.3592
0.20 26.61 3.5832 3.5832
0.30 22.49 3.0290 3.0290
0.37 16.78 2.2598 2.2598
0.14 15.41 2.0750 2.0750
0.13 14.99 2.0194 2.0194
0.04 14.41 1.9401 1.9401
0.20 14.36 1.9334 1.9334
0.20 12.94 1.7422 1.7422
Top Decreases This Quarter

We use the change in the portfolio allocation because this is the most meaningful metric. Changes can be due to trades or changes in share prices.

Security Shares
(MM)		 Value
(MM$)		 Portfolio % ΔPortfolio %
0.04 24.71 3.3284 -29.2314
0.04 6.65 0.8960 -1.1324
0.18 5.56 0.7488 -0.4068
2.24 1.51 0.2033 -0.0221
0.94 0.16 0.0217 -0.0053
13D/G Filings

This is a list of 13D and 13G filings made in the last year (if any). Click the link icon to see the full transaction history. Green rows indicate new positions. Red rows indicate closed positions.

File Date Form Security Prev
Shares 		Current
Shares 		ΔShares % % Ownership
 % ΔOwnership
2025-07-11 13G JSPR / Jasper Therapeutics, Inc. 765,000 5.10
2025-04-14 13G OPTN / OptiNose, Inc. 520,485 5.10
2024-11-13 13G/A CRIS / Curis, Inc. 345,730 90,000 -73.97 1.50 -74.58
13F and Fund Filings

This form was filed on 2025-08-14 for the reporting period 2025-06-30. Click the link icon to see the full transaction history.

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2022-07-28: Important Note - We have changed the treatment of the Δ Portfolio % column in this table. Previously, we were reporting it as the percent change in the portfolio allocation. We are now reporting it as the raw change in the portfolio allocation (still reported as a percent). In formula terms, we were previously reporting it as 100 * (current allocation - prior allocation ) / prior allocation. We are now reporting it as (current allocation - prior allocation).
Security Type Avg Share Price Shares
(MM)		 ΔShares
(%)		 ΔShares
(%)		 Value
($MM)		 Portfolio
(%)		 ΔPortfolio
(%)
KRE / SPDR Series Trust - SPDR S&P Regional Banking ETF Call 1.00 59.39 7.9984 7.9984
IWM / iShares Trust - iShares Russell 2000 ETF Put 0.15 32.37 4.3592 4.3592
KKR / KKR & Co. Inc. Call 0.20 26.61 3.5832 3.5832
SPY / SPDR S&P 500 ETF Put 0.04 -92.73 24.71 -91.97 3.3284 -29.2314
EWJ / iShares, Inc. - iShares MSCI Japan ETF Put 0.30 22.49 3.0290 3.0290
NVDA / NVIDIA Corporation 0.14 -9.00 21.57 32.65 2.9044 1.1839
SNDX / Syndax Pharmaceuticals, Inc. 2.10 5.00 19.67 -19.96 2.6486 0.0484
CRH / CRH plc 0.20 -9.09 18.36 -5.13 2.4726 0.4245
SNDK / Sandisk Corporation 0.37 16.78 2.2598 2.2598
SMH / VanEck ETF Trust - VanEck Semiconductor ETF Put 0.06 -4.76 16.73 25.60 2.2535 0.8436
WM / Waste Management, Inc. 0.07 40.00 16.02 38.38 2.1572 0.9321
HUM / Humana Inc. 0.06 54.58 15.79 42.82 2.1270 0.9567
TOL / Toll Brothers, Inc. 0.14 15.41 2.0750 2.0750
MMM / 3M Company 0.10 -16.67 15.22 -13.61 2.0503 0.1853
BLDR / Builders FirstSource, Inc. 0.13 14.99 2.0194 2.0194
CART / Maplebear Inc. 0.32 -3.03 14.48 9.97 1.9497 0.5566
AJG / Arthur J. Gallagher & Co. 0.04 14.41 1.9401 1.9401
EWY / iShares, Inc. - iShares MSCI South Korea ETF 0.20 14.36 1.9334 1.9334
NXE / NexGen Energy Ltd. 1.98 5.33 13.73 62.80 1.8486 0.9563
PKG / Packaging Corporation of America 0.07 40.00 13.19 33.23 1.7766 0.7288
HEI / HEICO Corporation 0.04 -11.11 13.12 9.12 1.7669 0.4945
UPST / Upstart Holdings, Inc. Put 0.20 12.94 1.7422 1.7422
ECG / Everus Construction Group, Inc. 0.20 -20.00 12.71 37.04 1.7112 0.7299
LOAR / Loar Holdings Inc. 0.14 45.00 12.49 76.84 1.6827 0.9350
FLEX / Flex Ltd. 0.24 -11.11 11.98 34.14 1.6135 0.6683
TAP / Molson Coors Beverage Company 0.24 0.00 11.55 -20.99 1.5557 0.0083
APG / APi Group Corporation 0.23 -18.18 11.49 16.80 1.5469 0.5062
TTEK / Tetra Tech, Inc. 0.32 11.33 1.5255 1.5255
SRAD / Sportradar Group AG 0.40 11.23 1.5127 1.5127
JPM / JPMorgan Chase & Co. 0.04 10.15 1.3665 1.3665
GMED / Globus Medical, Inc. 0.17 12.36 10.03 -9.41 1.3513 0.1792
OKTA / Okta, Inc. 0.10 81.82 10.00 72.75 1.3464 0.7339
RDNT / RadNet, Inc. 0.17 124.68 9.85 157.18 1.3259 0.9208
WMT / Walmart Inc. 0.10 0.00 9.78 11.38 1.3169 0.3878
TSM / Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock) 0.04 -19.05 9.63 10.44 1.2964 0.3741
WWW / Wolverine World Wide, Inc. 0.52 -16.01 9.49 9.17 1.2776 0.3580
IMAX / IMAX Corporation 0.34 -24.66 9.47 -20.06 1.2752 0.0217
MIR / Mirion Technologies, Inc. 0.42 -5.56 9.15 40.23 1.2323 0.5418
CW / Curtiss-Wright Corporation 0.02 -41.67 8.55 -10.18 1.1514 0.1441
WELL / Welltower Inc. 0.06 8.46 1.1387 1.1387
ULS / UL Solutions Inc. 0.12 8.38 1.1284 1.1284
WDC / Western Digital Corporation 0.13 -13.33 8.32 37.17 1.1203 0.4785
SNDK / Sandisk Corporation Put 0.16 7.26 0.9772 0.9772
EW / Edwards Lifesciences Corporation 0.09 7.14 0.9617 0.9617
PCT / PureCycle Technologies, Inc. 0.49 6.73 0.9059 0.9059
THC / Tenet Healthcare Corporation 0.04 -73.47 6.65 -65.29 0.8960 -1.1324
ALIT / Alight, Inc. 1.10 69.23 6.23 61.55 0.8385 0.4306
WNS / WNS (Holdings) Limited 0.10 46.15 6.01 50.33 0.8091 0.3861
ENPH / Enphase Energy, Inc. Put 0.15 100.00 5.95 27.81 0.8010 0.3085
VST / Vistra Corp. 0.03 5.81 0.7830 0.7830
FSLR / First Solar, Inc. Call 0.04 5.79 0.7803 0.7803
MTCH / Match Group, Inc. 0.18 -48.57 5.56 -49.08 0.7488 -0.4068
HCI / HCI Group, Inc. 0.04 34.61 5.33 37.29 0.7174 0.3068
ALDX / Aldeyra Therapeutics, Inc. 1.33 70.96 5.10 13.86 0.6869 0.2129
ALIT / Alight, Inc. Call 0.75 4.25 0.5717 0.5717
ZVRA / Zevra Therapeutics, Inc. 0.45 3.96 0.5339 0.5339
JSPR / Jasper Therapeutics, Inc. 0.68 39.74 3.80 80.35 0.5118 0.2888
NVNO / enVVeno Medical Corporation 0.86 0.00 3.43 51.75 0.4617 0.2226
AI / C3.ai, Inc. Call 0.13 3.19 0.4302 0.4302
AMRC / Ameresco, Inc. 0.20 3.04 0.4091 0.4091
EBAY / eBay Inc. Put 0.04 2.98 0.4011 0.4011
GEG / Great Elm Group, Inc. 1.27 0.00 2.63 9.51 0.3538 0.1000
SCPH / scPharmaceuticals Inc. 0.66 -34.03 2.51 -4.45 0.3385 0.0602
SCYX / SCYNEXIS, Inc. 2.24 0.00 1.51 -29.12 0.2033 -0.0221
NB / NioCorp Developments Ltd. 0.31 0.00 0.73 18.26 0.0987 0.0331
XFOR / X4 Pharmaceuticals, Inc. 0.23 0.44 0.0597 0.0597
XAIR / Beyond Air, Inc. 0.94 0.00 0.16 -36.86 0.0217 -0.0053
TNDM / Tandem Diabetes Care, Inc. 0.00 -100.00 0.00 0.0000
GEHC / GE HealthCare Technologies Inc. 0.00 -100.00 0.00 0.0000
INSM / Insmed Incorporated 0.00 -100.00 0.00 0.0000
HOOD / Robinhood Markets, Inc. Call 0.00 -100.00 0.00 0.0000
META / Meta Platforms, Inc. 0.00 -100.00 0.00 0.0000
XRT / SPDR Series Trust - SPDR S&P Retail ETF Put 0.00 -100.00 0.00 0.0000
AL / Air Lease Corporation 0.00 -100.00 0.00 0.0000
SMCI / Super Micro Computer, Inc. Call 0.00 -100.00 0.00 0.0000
CFLT / Confluent, Inc. Call 0.00 -100.00 0.00 0.0000
ACHC / Acadia Healthcare Company, Inc. 0.00 -100.00 0.00 0.0000
KRE / SPDR Series Trust - SPDR S&P Regional Banking ETF Put 0.00 -100.00 0.00 0.0000
VST / Vistra Corp. Call 0.00 -100.00 0.00 0.0000
QQQ / Invesco QQQ Trust, Series 1 Put 0.00 -100.00 0.00 0.0000
UNH / UnitedHealth Group Incorporated 0.00 -100.00 0.00 0.0000
GEV / GE Vernova Inc. Call 0.00 -100.00 0.00 0.0000
IP / International Paper Company 0.00 -100.00 0.00 0.0000
CVNA / Carvana Co. Call 0.00 -100.00 0.00 0.0000
PPL / PPL Corporation 0.00 -100.00 0.00 0.0000
XFOR / X4 Pharmaceuticals, Inc. 0.00 -100.00 0.00 0.0000
GKOS / Glaukos Corporation 0.00 -100.00 0.00 0.0000
ALNY / Alnylam Pharmaceuticals, Inc. Put 0.00 -100.00 0.00 0.0000
SYK / Stryker Corporation 0.00 -100.00 0.00 0.0000
OPTN / OptiNose, Inc. 0.00 -100.00 0.00 0.0000
RH / RH 0.00 -100.00 0.00 0.0000
BABA / Alibaba Group Holding Limited - Depositary Receipt (Common Stock) 0.00 -100.00 0.00 0.0000
HAS / Hasbro, Inc. 0.00 -100.00 0.00 0.0000