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Asset Manager ← All Institutions

KINGDON CAPITAL MANAGEMENT, L.L.C.

Q3 2025 · Filed 2025-11-14
Market Value
$604M
+19.1%
Holdings
76
+11
New Purchases
26
Added To
17
Closed
16
Reduced
9
Top 10 Concentration
34.5%
Turnover
55.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MOH 3.49% 0.00% +3.49% $21M
SNDX 6.37% 3.88% +2.49% $38M
MSFT 2.36% 0.00% +2.36% $14M
META 1.94% 0.00% +1.94% $12M
SKY 1.90% 0.00% +1.90% $11M
EW 3.24% 1.41% +1.83% $20M
NXPI 1.79% 0.00% +1.79% $11M
HWM 1.79% 0.00% +1.79% $11M
ETR 1.77% 0.00% +1.77% $11M
WRBY 1.60% 0.00% +1.60% $10M
RAL 1.59% 0.00% +1.59% $10M
PANW 1.52% 0.00% +1.52% $9M
TDY 1.45% 0.00% +1.45% $9M
ICE 1.39% 0.00% +1.39% $8M
OLMA 1.38% 0.00% +1.38% $8M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SNDK 0.00% 3.31% -3.31% $0
WM 0.00% 3.16% -3.16% $0
TOL 0.00% 3.04% -3.04% $0
MMM 0.00% 3.00% -3.00% $0
AJG 0.00% 2.84% -2.84% $0
PKG 0.00% 2.60% -2.60% $0
JPM 0.00% 2.00% -2.00% $0
OKTA 0.00% 1.97% -1.97% $0
RDNT 0.00% 1.94% -1.94% $0
IMAX 0.00% 1.87% -1.87% $0
THC 0.00% 1.31% -1.31% $0
WWW 0.59% 1.87% -1.28% $4M
TTEK 0.97% 2.23% -1.27% $6M
ALIT 0.00% 1.23% -1.23% $0
VST 0.00% 1.15% -1.15% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 9 $83M 13.8%
Large Cap 33 $245M 40.5%
Mid Cap 21 $204M 33.7%
Small Cap 8 $59M 9.8%
Micro Cap 5 $13M 2.2%

Portfolio Analytics

Avg Market Cap
$278.5B
Median Market Cap
$15.2B
Avg P/E
41.8
Median P/E
30.3
Avg Dividend Yield
0.01%
Avg Beta
1.24
# Stocks
75
# ETFs / Funds
1

Top Holdings (76 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SNDX 6.37% 2,500,000 $38M $15.39 $19M +400,000 +19.1%
2 NVDA 3.63% 117,500 $22M $186.58 $358K -19,000 -13.9%
3 MOH 3.49% 110,200 $21M $191.36 +110,200 NEW
4 EW 3.24% 251,400 $20M $77.77 $12M +160,100 +175.4%
5 NXE 3.23% 2,177,837 $19M $8.95 $6M +200,000 +10.1%
6 HUM 3.04% 70,600 $18M $260.17 $3M +6,000 +9.3%
7 BLDR 3.01% 150,000 $18M $121.25 $3M +21,500 +16.7%
8 CRH.L 2.98% 150,000 $18M $119.90 -$375K -50,000 -25.0%
9 ECG 2.84% 200,000 $17M $85.75 $4M
10 CART 2.74% 450,000 $17M $36.76 $2M +130,000 +40.6%
11 GMED 2.44% 257,650 $15M $57.27 $5M +87,650 +51.6%
12 MSFT 2.36% 27,500 $14M $517.95 +27,500 NEW
13 HEI 2.14% 40,000 $13M $322.82 -$207K
14 SRAD 2.11% 474,000 $13M $26.90 $2M +74,000 +18.5%
15 LOAR 1.99% 150,000 $12M $80.00 -$495K +5,000 +3.5%
16 TSM 1.96% 42,500 $12M $279.29 $2M
17 META 1.94% 16,000 $12M $734.38 +16,000 NEW
18 SKY 1.90% 150,000 $11M $76.37 +150,000 NEW
19 APG 1.85% 325,000 $11M $34.37 -$316K +100,000 +44.4%
20 TAP 1.80% 240,200 $11M $45.25 -$682K
21 NXPI 1.79% 47,500 $11M $227.73 +47,500 NEW
22 EWY 1.79% 135,000 $11M $80.10 -$4M -65,000 -32.5%
23 HWM 1.79% 55,000 $11M $196.23 +55,000 NEW
24 ETR 1.77% 115,000 $11M $93.19 +115,000 NEW
25 WELL 1.77% 60,000 $11M $178.14 $2M +5,000 +9.1%
26 WMT 1.71% 100,000 $10M $103.06 $528K
27 FLEX 1.68% 175,000 $10M $57.97 -$2M -65,000 -27.1%
28 WRBY 1.60% 350,000 $10M $27.58 +350,000 NEW
29 RAL 1.59% 220,000 $10M $43.73 +220,000 NEW
30 CW 1.57% 17,500 $10M $542.94 $952K
31 PANW 1.52% 45,000 $9M $203.62 +45,000 NEW
32 ULS 1.47% 125,000 $9M $70.86 $479K +10,000 +8.7%
33 TDY 1.45% 15,000 $9M $586.04 +15,000 NEW
34 MIR 1.44% 375,000 $9M $23.26 -$428K -50,000 -11.8%
35 ICE 1.39% 50,000 $8M $168.48 +50,000 NEW
36 OLMA 1.38% 854,000 $8M $9.79 +854,000 NEW
37 HCI 1.35% 42,500 $8M $191.93 $3M +7,500 +21.4%
38 CNM 1.34% 150,000 $8M $53.83 +150,000 NEW
39 GOOGL 1.21% 30,000 $7M $243.10 +30,000 NEW
40 PCT 1.20% 553,000 $7M $13.15 $545K +62,000 +12.6%
41 WDC 1.19% 60,000 $7M $120.06 -$1M -70,000 -53.9%
42 AXON 1.19% 10,000 $7M $717.64 +10,000 NEW
43 ALDX 1.15% 1,331,791 $7M $5.22 $2M
44 GLW 1.09% 80,000 $7M $82.03 +80,000 NEW
45 ITRI 1.03% 50,000 $6M $124.56 +50,000 NEW
46 ZVRA 1.02% 650,000 $6M $9.51 $2M +200,000 +44.4%
47 TTEK 0.97% 175,000 $6M $33.38 -$5M -140,000 -44.4%
48 HD 0.96% 14,300 $6M $405.19 +14,300 NEW
49 LOW 0.93% 22,250 $6M $251.31 +22,250 NEW
50 KKR 0.86% 40,000 $5M $129.95 +40,000 NEW
51 ALC 0.71% 57,500 $4M $74.51 +57,500 NEW
52 BN 0.68% 60,000 $4M $68.58 +60,000 NEW
53 WWW 0.59% 129,500 $4M $27.44 -$6M -395,200 -75.3%
54 XFOR 0.53% 933,332 $3M $3.42 $3M +700,000 +300.0%
55 GEGGL 0.47% 1,168,907 $3M $2.45 $237K -100,000 -7.9%
56 SCYX 0.29% 2,237,048 $2M $0.77 $213K
57 NVNO 0.20% 1,359,261 $1M $0.91 -$2M +500,000 +58.2%
58 CVNA 0.16% 2,500 $943K $377.24 +2,500 NEW
59 PSN 0.14% 10,000 $829K $82.92 +10,000 NEW
60 XAIR 0.02% 46,833 $108K $2.31 +46,833 NEW
61 IMAX —% -$9M -338,654 -100.0% SOLD
62 JPM —% -$10M -35,000 -100.0% SOLD
63 ALIT —% -$6M -1,100,000 -100.0% SOLD
64 MMM —% -$15M -100,000 -100.0% SOLD
65 TOL —% -$15M -135,000 -100.0% SOLD
66 AJG —% -$14M -45,000 -100.0% SOLD
67 PKG —% -$13M -70,000 -100.0% SOLD
68 AMRC —% -$3M -200,000 -100.0% SOLD
69 SNDK —% -$17M -370,000 -100.0% SOLD
70 WM —% -$16M -70,000 -100.0% SOLD
71 RDNT —% -$10M -173,000 -100.0% SOLD
72 OKTA —% -$10M -100,000 -100.0% SOLD
73 MTCH —% -$6M -180,000 -100.0% SOLD
74 THC —% -$7M -37,800 -100.0% SOLD
75 VST —% -$6M -30,000 -100.0% SOLD
76 SCPH —% -$3M -659,711 -100.0% SOLD

Options Breakdown

9 Calls $36M Call Value 15 Puts $132M Put Value 3.71 P/C Ratio

Top Calls

SymbolSharesValueStatus
KKR 125,000 $16M
HCI 50,000 $10M NEW
ORCL 20,000 $6M NEW
IOT 100,000 $4M NEW
MLTX 50,000 $358K NEW
KRE $0 SOLD
FSLR $0 SOLD
AI $0 SOLD
ALIT $0 SOLD

Top Puts

SymbolSharesValueStatus
QQQ 85,000 $51M NEW
SMH 70,000 $23M
EWY 190,000 $15M NEW
XLU 150,000 $13M NEW
BX 60,000 $10M NEW
ITB 75,000 $8M NEW
GEV 10,000 $6M NEW
SYF 75,000 $5M NEW
IWM $0 SOLD
UPST $0 SOLD

New Positions

SymbolValue% Port
MOH $21M 3.49%
MSFT $14M 2.36%
META $12M 1.94%
SKY $11M 1.90%
NXPI $11M 1.79%
HWM $11M 1.79%
ETR $11M 1.77%
WRBY $10M 1.60%
RAL $10M 1.59%
PANW $9M 1.52%
TDY $9M 1.45%
ICE $8M 1.39%
OLMA $8M 1.38%
CNM $8M 1.34%
GOOGL $7M 1.21%

Sold Out Positions

SymbolValue% Port
AJG —%
AMRC —%
VST —%
IMAX —%
WM —%
JPM —%
MMM —%
ALIT —%
THC —%
TOL —%
PKG —%
MTCH —%
SNDK —%
OKTA —%
RDNT —%
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