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Asset Manager ← All Institutions

KINGDON CAPITAL MANAGEMENT, L.L.C.

Q2 2025 · Filed 2025-08-14
Market Value
$507M
+7.0%
Holdings
65
-4
New Purchases
16
Added To
12
Closed
15
Reduced
17
Top 10 Concentration
33.2%
Turnover
47.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SNDK 3.31% 0.00% +3.31% $17M
TOL 3.04% 0.00% +3.04% $15M
BLDR 2.96% 0.00% +2.96% $15M
AJG 2.84% 0.00% +2.84% $14M
EWY 2.83% 0.00% +2.83% $14M
TTEK 2.23% 0.00% +2.23% $11M
SRAD 2.21% 0.00% +2.21% $11M
JPM 2.00% 0.00% +2.00% $10M
WELL 1.67% 0.00% +1.67% $8M
ULS 1.65% 0.00% +1.65% $8M
EW 1.41% 0.00% +1.41% $7M
PCT 1.33% 0.00% +1.33% $7M
VST 1.15% 0.00% +1.15% $6M
RDNT 1.94% 0.81% +1.13% $10M
LOAR 2.46% 1.49% +0.97% $12M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IP 0.00% 4.16% -4.16% $0
INSM 0.00% 3.46% -3.46% $0
THC 1.31% 4.04% -2.73% $7M
ACHC 0.00% 2.70% -2.70% $0
PPL 0.00% 2.67% -2.67% $0
HAS 0.00% 2.35% -2.35% $0
UNH 0.00% 2.24% -2.24% $0
META 0.00% 2.19% -2.19% $0
SYK 0.00% 2.09% -2.09% $0
TNDM 0.00% 2.00% -2.00% $0
BABA 0.00% 1.73% -1.73% $0
GEHC 0.00% 1.66% -1.66% $0
GKOS 0.00% 1.54% -1.54% $0
SNDX 3.88% 5.18% -1.30% $20M
MTCH 1.10% 2.30% -1.21% $6M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 8 $68M 13.4%
Large Cap 26 $233M 45.9%
Mid Cap 18 $149M 29.3%
Small Cap 8 $48M 9.4%
Micro Cap 5 $10M 2.1%

Portfolio Analytics

Avg Market Cap
$197.5B
Median Market Cap
$12.5B
Avg P/E
36.6
Median P/E
29.4
Avg Dividend Yield
0.01%
Avg Beta
1.14
# Stocks
64
# ETFs / Funds
1

Top Holdings (65 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 4.25% 136,500 $22M $157.99 $5M -13,500 -9.0%
2 SNDX 3.88% 2,100,000 $20M $9.37 -$5M +100,000 +5.0%
3 CRH.L 3.62% 200,000 $18M $91.80 -$993K -20,000 -9.1%
4 SNDK 3.31% 370,000 $17M $45.35 +370,000 NEW
5 WM 3.16% 70,000 $16M $228.82 $4M +20,000 +40.0%
6 HUM 3.11% 64,600 $16M $244.48 $5M +22,808 +54.6%
7 TOL 3.04% 135,000 $15M $114.13 +135,000 NEW
8 MMM 3.00% 100,000 $15M $152.24 -$2M -20,000 -16.7%
9 BLDR 2.96% 128,500 $15M $116.69 +128,500 NEW
10 CART 2.85% 320,000 $14M $45.24 $1M -10,000 -3.0%
11 AJG 2.84% 45,000 $14M $320.12 +45,000 NEW
12 EWY 2.83% 200,000 $14M $71.78 +200,000 NEW
13 NXE 2.71% 1,977,837 $14M $6.94 $5M +100,000 +5.3%
14 PKG 2.60% 70,000 $13M $188.45 $3M +20,000 +40.0%
15 HEI 2.59% 40,000 $13M $328.00 $1M -5,000 -11.1%
16 ECG 2.51% 200,000 $13M $63.53 $3M -50,000 -20.0%
17 LOAR 2.46% 145,000 $12M $86.17 $5M +45,000 +45.0%
18 FLEX 2.36% 240,000 $12M $49.92 $3M -30,000 -11.1%
19 TAP 2.28% 240,200 $12M $48.09 -$3M
20 APG 2.26% 225,000 $11M $51.05 $2M -50,000 -18.2%
21 TTEK 2.23% 315,000 $11M $35.96 +315,000 NEW
22 SRAD 2.21% 400,000 $11M $28.08 +400,000 NEW
23 JPM 2.00% 35,000 $10M $289.91 +35,000 NEW
24 GMED 1.98% 170,000 $10M $59.02 -$1M +18,700 +12.4%
25 OKTA 1.97% 100,000 $10M $99.97 $4M +45,000 +81.8%
26 RDNT 1.94% 173,000 $10M $56.91 $6M +96,000 +124.7%
27 WMT 1.93% 100,000 $10M $97.78 $999K
28 TSM 1.90% 42,500 $10M $226.49 $911K -10,000 -19.1%
29 WWW 1.87% 524,700 $9M $18.08 $797K -100,000 -16.0%
30 IMAX 1.87% 338,654 $9M $27.96 -$2M -110,846 -24.7%
31 MIR 1.80% 425,000 $9M $21.53 $3M -25,000 -5.6%
32 CW 1.69% 17,500 $9M $488.55 -$968K -12,500 -41.7%
33 WELL 1.67% 55,000 $8M $153.73 +55,000 NEW
34 ULS 1.65% 115,000 $8M $72.86 +115,000 NEW
35 WDC 1.64% 130,000 $8M $63.99 $2M -20,000 -13.3%
36 EW 1.41% 91,300 $7M $78.21 +91,300 NEW
37 PCT 1.33% 491,000 $7M $13.70 +491,000 NEW
38 THC 1.31% 37,800 $7M $176.00 -$13M -104,700 -73.5%
39 ALIT 1.23% 1,100,000 $6M $5.66 $2M +450,000 +69.2%
40 VST 1.15% 30,000 $6M $193.81 +30,000 NEW
41 MTCH 1.10% 180,000 $6M $30.89 -$5M -170,000 -48.6%
42 HCI 1.05% 35,000 $5M $152.20 $1M +8,999 +34.6%
43 ALDX 1.01% 1,331,791 $5M $3.83 $622K +552,791 +71.0%
44 ZVRA 0.78% 450,000 $4M $8.81 +450,000 NEW
45 NVNO 0.68% 859,261 $3M $3.99 $1M
46 AMRC 0.60% 200,000 $3M $15.19 +200,000 NEW
47 GEGGL 0.52% 1,268,907 $3M $2.07 $229K
48 SCPH 0.50% 659,711 $3M $3.81 -$117K -340,289 -34.0%
49 SCYX 0.30% 2,237,048 $2M $0.67 -$620K
50 XFOR 0.09% 233,332 $443K $1.90 +233,332 NEW
51 GKOS —% -$7M -74,400 -100.0% SOLD
52 GEHC —% -$8M -97,500 -100.0% SOLD
53 AL —% -$3M -70,000 -100.0% SOLD
54 SYK —% -$10M -26,600 -100.0% SOLD
55 PPL —% -$13M -350,000 -100.0% SOLD
56 ACHC —% -$13M -422,800 -100.0% SOLD
57 RH —% -$5M -19,519 -100.0% SOLD
58 HAS —% -$11M -181,000 -100.0% SOLD
59 BABA —% -$8M -62,000 -100.0% SOLD
60 META —% -$10M -18,000 -100.0% SOLD
61 OPTN —% -$3M -373,281 -100.0% SOLD
62 INSM —% -$16M -215,000 -100.0% SOLD
63 TNDM —% -$9M -495,229 -100.0% SOLD
64 UNH —% -$11M -20,262 -100.0% SOLD
65 IP —% -$20M -370,000 -100.0% SOLD

Options Breakdown

11 Calls $99M Call Value 12 Puts $125M Put Value 1.26 P/C Ratio

Top Calls

SymbolSharesValueStatus
KRE 1,000,000 $59M NEW
KKR 200,000 $27M NEW
FSLR 35,000 $6M NEW
ALIT 750,000 $4M NEW
AI 130,000 $3M NEW
CFLT $0 SOLD
VST $0 SOLD
CVNA $0 SOLD
HOOD $0 SOLD
SMCI $0 SOLD

Top Puts

SymbolSharesValueStatus
IWM 150,000 $32M NEW
SPY 40,000 $25M
EWJ 300,000 $22M NEW
SMH 60,000 $17M
UPST 200,000 $13M NEW
SNDK 160,000 $7M NEW
ENPH 150,000 $6M
EBAY 40,000 $3M NEW
QQQ $0 SOLD
ALNY $0 SOLD

New Positions

SymbolValue% Port
SNDK $17M 3.31%
TOL $15M 3.04%
BLDR $15M 2.96%
AJG $14M 2.84%
EWY $14M 2.83%
TTEK $11M 2.23%
SRAD $11M 2.21%
JPM $10M 2.00%
WELL $8M 1.67%
ULS $8M 1.65%
EW $7M 1.41%
PCT $7M 1.33%
VST $6M 1.15%
ZVRA $4M 0.78%
AMRC $3M 0.60%

Sold Out Positions

SymbolValue% Port
RH —%
IP —%
SYK —%
GKOS —%
PPL —%
UNH —%
HAS —%
ACHC —%
GEHC —%
META —%
INSM —%
TNDM —%
BABA —%
AL —%
OPTN —%
View SEC EDGAR Filings for KINGDON CAPITAL MANAGEMENT, L.L.C. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms