KINGDON CAPITAL MANAGEMENT, L.L.C.
Filing Date
Global Rank
#1,998
/ 8,578
▲ 79
Top Industry
Biotechnology
17.8%
3Y Alpha vs SPY
+11.0%
Period ended 3 months ago
Filed May 15, 2026 · 31d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+127.3%
SPY
+74.2%
Annualised alpha
+11.2%
Max drawdown
−27.9%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
59 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
22.9%
+15.7 pts
Top 5
40.7%
+13.7 pts
Top 10
52.3%
+9.5 pts
HHI
699
Diversified+404
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 22.9% | $185,346,900 |
| Healthcare | 22.1% | $179,079,065 |
| Technology | 18.2% | $147,650,185 |
| Industrials | 16.6% | $134,726,255 |
| Consumer Cyclical | 8.0% | $64,458,630 |
| Energy | 3.6% | $29,000,000 |
| Real Estate | 3.3% | $26,957,500 |
| Financial Services | 2.7% | $22,084,500 |
| Consumer Defensive | 1.4% | $11,751,500 |
| Basic Materials | 1.2% | $9,491,250 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
15 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ALDX | Aldeyra Therapeutics, Inc. | +302,315 | 2,152,315 | $3,637,412 | |
| ZVRA | Zevra Therapeutics, Inc. | +189,931 | 775,000 | $7,223,000 | |
| SLNO | Soleno Therapeutics Inc | +175,100 | 575,000 | $19,251,000 | |
| SNDX | Syndax Pharmaceuticals Inc | +150,000 | 2,500,000 | $58,400,000 | |
| NB | Niocorp Developments Ltd | +135,535 | 450,000 | $2,007,000 | |
| AHR | American Healthcare REIT, Inc. | +100,000 | 300,000 | $14,148,000 | |
| FLEX | Flex Ltd. | +80,000 | 175,000 | $11,455,500 | |
| CART | Maplebear Inc. | +80,000 | 470,000 | $17,606,200 | |
| APG | APi Group Corp | +75,000 | 450,000 | $18,234,000 | |
| AIR | Aar Corp | +60,000 | 100,000 | $10,946,000 | |
| ICLR | Icon PLC | +54,700 | 105,300 | $11,652,498 | |
| RAL | Ralliant Corp | +30,000 | 250,000 | $10,397,500 | |
| WAY | Waystar Holding Corp. | +23,451 | 438,000 | $10,560,180 | |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | +5,000 | 45,000 | $15,207,750 | |
| AXON | Axon Enterprise, Inc. | +1,000 | 14,500 | $6,158,005 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
10 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| WWW | Wolverine World Wide Inc /De/ | −221,500 | 436,000 | $7,115,520 | |
| OLMA | Olema Pharmaceuticals, Inc. | −98,600 | 855,000 | $12,748,050 | |
| BABA | Alibaba Group Holding Ltd | −85,000 | 90,000 | $11,291,400 | |
| ECG | Everus Construction Group, Inc. | −75,000 | 125,000 | $14,757,500 | |
| NVDA | Nvidia Corp | −60,000 | 200,000 | $34,880,000 | |
| KEYS | Keysight Technologies, Inc. | −50,000 | 80,000 | $22,589,600 | |
| TTEK | Tetra Tech Inc | −50,000 | 100,000 | $3,012,000 | |
| ITRI | Itron, Inc. | −25,000 | 25,000 | $2,240,750 | |
| TDY | Teledyne Technologies Inc | −12,500 | 17,500 | $10,587,675 | |
| HWM | Howmet Aerospace Inc. | −10,000 | 70,000 | $16,132,200 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SPY | Spdr S&P 500 ETF Trust | 285,000 | $185,346,900 | |
| GTX | Garrett Motion Inc. | 700,000 | $12,719,000 | |
| AER | AerCap Holdings N.V. | 90,000 | $12,346,200 | |
| DAR | Darling Ingredients Inc. | 190,000 | $11,751,500 | |
| BKD | Brookdale Senior Living Inc. | 850,000 | $11,628,000 | |
| VSEC | Vse Corp | 60,000 | $11,064,000 | |
| HOOD | Robinhood Markets, Inc. | 150,000 | $10,395,000 | |
| CR | Crane Co | 60,000 | $10,260,000 | |
| VICR | Vicor Corp | 60,000 | $9,660,000 | |
| ACHC | Acadia Healthcare Company, Inc. | 396,192 | $9,266,930 | |
| CGNX | Cognex Corp | 185,000 | $9,063,150 | |
| GE | General Electric Co | 30,000 | $8,513,100 | |
| CNL | Collective Mining Ltd. | 425,000 | $7,484,250 | |
| NU | Nu Holdings Ltd. | 500,000 | $7,185,000 | |
| GCO | Genesco Inc | 244,000 | $7,073,560 | |
| GXO | GXO Logistics, Inc. | 125,000 | $6,481,250 | |
| CRDO | Credo Technology Group Holding Ltd | 65,000 | $6,101,550 | |
| TVTX | Travere Therapeutics, Inc. | 200,000 | $5,942,000 | |
| FPS | Forgent Power Solutions, Inc. | 200,000 | $5,854,000 | |
| LOW | Lowes Companies Inc | 21,250 | $5,020,950 | |
| ETOR | eToro Group Ltd. | 150,000 | $4,504,500 | |
| NOW | ServiceNow, Inc. | 35,000 | $3,659,250 | |
| REAL | TheRealReal, Inc. | 400,000 | $3,632,000 | |
| COMP | Compass, Inc. | 400,000 | $2,924,000 | |
| SCYX | Scynexis Inc | 1,982,491 | $1,817,944 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SLV | iShares Silver Trust | 850,000 | $54,757,000 | |
| AMD | Advanced Micro Devices Inc | 132,500 | $28,376,200 | |
| BAC | Bank Of America Corp /De/ | 465,000 | $25,575,000 | |
| CRH | Crh Public Ltd Co | 150,000 | $18,720,000 | |
| KKR | KKR & Co. Inc. | 125,000 | $15,935,000 | |
| GOOGL | Alphabet Inc. | 37,500 | $11,737,500 | |
| TAP | Molson Coors Beverage Co | 240,200 | $11,212,536 | |
| WMT | Walmart Inc. | 100,000 | $11,141,000 | |
| UPST | Upstart Holdings, Inc. | 250,000 | $10,932,500 | |
| CARR | CARRIER GLOBAL Corp | 200,000 | $10,568,000 | |
| LOAR | Loar Holdings Inc. | 150,000 | $10,200,000 | |
| ULS | UL Solutions Inc. | 125,000 | $9,857,500 | |
| NXPI | NXP Semiconductors N.V. | 45,000 | $9,767,700 | |
| HCI | HCI Group, Inc. | 45,000 | $8,626,050 | |
| ILMN | Illumina, Inc. | 62,700 | $8,223,732 | |
| RDNT | RadNet, Inc. | 110,000 | $7,848,500 | |
| ALC | Alcon Inc | 88,480 | $6,973,108 | |
| USFD | US Foods Holding Corp. | 85,000 | $6,402,200 | |
| HIMS | Hims & Hers Health, Inc. | 170,000 | $5,519,900 | |
| PRM | Perimeter Solutions, Inc. | 200,000 | $5,506,000 | |
| WDC | Western Digital Corp | 30,000 | $5,168,100 | |
| OKTA | Okta, Inc. | 55,000 | $4,755,850 | |
| CCB | Coastal Financial Corp | 40,000 | $4,583,600 | |
| CW | Curtiss Wright Corp | 7,000 | $3,858,890 | |
| PCT | PureCycle Technologies, Inc. | 200,000 | $1,718,000 | |
| No positions match the current search. | ||||
1 positions ·
$11,751,500 total
· Consumer Defensive only
· as of Mar 31, 2026
All sectors
Basic Materials
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| DAR |
Darling Ingredients Inc.
Consumer Defensive
|
NEW | 190,000 | $11,751,500 | 100.00% |