KINGDON CAPITAL MANAGEMENT, L.L.C.
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ISHARES TR OPT | SOXX | $83.3M | options only | - | new | OPTIONS | |
| SYNDAX PHARMACEUTICALS INC | SNDX | $54.6M | 2,500,000 | -0.81pp | 11q | HELD | |
| NVIDIA CORPORATION | NVDA | $48.0M | 240,000 | +1.09pp | 6q | +20.0%+$8.0M | |
| WARBY PARKER INC | WRBY | $34.2M | 1,126,644 | +1.06pp | 4q | +6.9%+$2.2M | |
| KEYSIGHT TECHNOLOGIES INC OPT | KEYS | $29.8M | 70,000 | +0.57pp | 3q | -12.5%-$4.3M | |
| API GROUP CORP | APG | $25.4M | 600,000 | +0.60pp | 6q | +33.3%+$6.4M | |
| FLUENCE ENERGY INC OPT | FLNC | $23.9M | 900,000 | - | new | NEW | |
| NEXGEN ENERGY LTD | NXE | $23.5M | 2,500,000 | -0.78pp | 11q | HELD | |
| ISHARES INC OPT | EWY | $23.2M | options only | -0.25pp | 5q | OPTIONS | |
| GRAIL INC | GRAL | $23.2M | 340,000 | - | new | NEW | |
| INVESCO QQQ TR OPT | QQQ | $22.1M | options only | - | new | OPTIONS | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $21.5M | 45,000 | +0.53pp | 10q | HELD | |
| EVERUS CONSTR GROUP | ECG | $20.7M | 125,000 | +0.51pp | 7q | HELD | |
| ALIBABA GROUP HLDG LTD OPT | BABA | $19.2M | 100,000 | +0.73pp | 3q | +11.1%+$1.9M | |
| HIMS & HERS HEALTH INC | HIMS | $18.8M | 542,500 | - | new | NEW | |
| SPDR SERIES TRUST OPT | KRE | $18.7M | options only | - | new | OPTIONS | |
| MAPLEBEAR INC | CART | $18.0M | 380,000 | -0.09pp | 7q | -19.1%-$4.3M | |
| ILLUMINA INC | ILMN | $17.2M | 97,800 | - | new | NEW | |
| TELEDYNE TECHNOLOGIES INC | TDY | $16.7M | 25,000 | +0.55pp | 4q | +42.9%+$5.0M | |
| INVESCO EXCH TRADED FD TR II OPT | TAN | $16.3M | 175,000 | - | new | NEW | |
| HOWMET AEROSPACE INC | HWM | $16.1M | 60,000 | -0.12pp | 4q | -14.3%-$2.7M | |
| ISHARES TR OPT | IWM | $15.0M | options only | -1.18pp | 2q | OPTIONS | |
| OLEMA PHARMACEUTICALS INC | OLMA | $15.0M | 1,200,000 | +0.14pp | 4q | +40.4%+$4.3M | |
| INTUITIVE SURGICAL INC | ISRG | $14.8M | 37,100 | - | new | NEW | |
| FLEX LTD | FLEX | $14.6M | 90,000 | +0.24pp | 14q | -48.6%-$13.8M | |
| COGNEX CORP | CGNX | $14.5M | 200,000 | +0.49pp | 2q | +8.1%+$1.1M | |
| BUTTERFLY NETWORK INC | BFLY | $14.3M | 1,700,000 | - | new | NEW | |
| GARRETT MOTION INC | GTX | $13.6M | 375,000 | flat | 2q | -46.4%-$11.8M | |
| CYTOKINETICS INC | CYTK | $13.4M | 157,100 | - | new | NEW | |
| BROOKDALE SR LIVING INC | BKD | $12.9M | 800,000 | +0.04pp | 2q | -5.9%-$804.5K | |
| VSE CORP | VSEC | $12.0M | 52,500 | +0.01pp | 2q | -12.5%-$1.7M | |
| QUANTA SVCS INC | PWR | $11.5M | 16,000 | - | new | NEW | |
| ZEVRA THERAPEUTICS INC | ZVRA | $11.1M | 775,000 | +0.35pp | 5q | HELD | |
| RALLIANT CORP | RAL | $11.0M | 150,000 | -0.01pp | 4q | -40.0%-$7.4M | |
| FEDEX CORP | FDX | $11.0M | 35,000 | - | new | NEW | |
| HEICO CORP NEW | HEI | $10.7M | 30,000 | -0.11pp | 14q | -25.0%-$3.6M | |
| ROUNDHILL ETF TRUST OPT | $10.3M | options only | - | new | OPTIONS | ||
| AERCAP HOLDINGS NV | AER | $10.2M | 70,000 | -0.31pp | 2q | -22.2%-$2.9M | |
| ITT INC | ITT | $9.9M | 50,000 | - | new | NEW | |
| THE REALREAL INC | REAL | $9.6M | 813,000 | +0.58pp | 2q | +103.2%+$4.9M | |
| VICOR CORP | VICR | $9.5M | 25,000 | -0.09pp | 2q | +25.0%+$1.9M | |
| GE AEROSPACE | GE | $9.3M | 25,000 | +0.02pp | 2q | HELD | |
| AMERICAN HEALTHCARE REIT INC | AHR | $9.1M | 175,000 | -0.62pp | 3q | -41.7%-$6.5M | |
| ENTEGRIS INC | ENTG | $9.0M | 50,000 | - | new | NEW | |
| CRANE COMPANY | CR | $8.9M | 40,000 | -0.21pp | 2q | -33.3%-$4.5M | |
| GENESCO INC | GCO | $8.2M | 244,000 | +0.07pp | 2q | HELD | |
| D R HORTON INC OPT | DHI | $8.1M | options only | - | new | OPTIONS | |
| WOLVERINE WORLD WIDE INC | WWW | $8.0M | 485,000 | +0.04pp | 8q | +11.2%+$810.0K | |
| AAR CORP | AIR | $7.5M | 52,500 | -0.43pp | 3q | -47.5%-$6.8M | |
| DARLING INGREDIENTS INC | DAR | $7.4M | 135,000 | -0.53pp | 2q | -28.9%-$3.0M | |
| DELTA AIR LINES INC | DAL | $7.2M | 77,000 | - | new | NEW | |
| COMPASS INC OPT | COMP | $6.8M | 250,000 | +0.37pp | 2q | HELD | |
| SUNRUN INC OPT | RUN | $6.7M | options only | - | new | OPTIONS | |
| CREDO TECHNOLOGY GROUP HOLDI | CRDO | $5.8M | 21,500 | -0.07pp | 2q | -66.9%-$11.8M | |
| LIONSGATE STUDIOS CORP | LION | $5.7M | 375,000 | - | new | NEW | |
| WELLTOWER INC | WELL | $5.7M | 25,000 | -0.50pp | 5q | -50.0%-$5.7M | |
| ALDEYRA THERAPEUTICS INC | ALDX | $5.6M | 2,652,315 | +0.18pp | 6q | +23.2%+$1.1M | |
| NAVITAS SEMICONDUCTOR CORP OPT | NVTS | $5.4M | options only | - | new | OPTIONS | |
| F5 INC | FFIV | $5.0M | 12,000 | - | new | NEW | |
| INVENTIVA SA | IVA | $4.8M | 1,270,000 | - | new | NEW | |
| ELEDON PHARMACEUTICALS INC | ELDN | $4.1M | 1,039,275 | +0.07pp | 3q | HELD | |
| EDGEWISE THERAPEUTICS INC OPT | EWTX | $4.1M | options only | - | new | OPTIONS | |
| SHOALS TECHNOLOGIES GROUP IN OPT | SHLS | $4.0M | options only | - | new | OPTIONS | |
| WESTERN DIGITAL CORP OPT | WDC | $3.2M | options only | - | new | OPTIONS | |
| COMPASS THERAPEUTICS INC | CMPX | $3.1M | 1,400,000 | - | new | NEW | |
| NIOCORP DEVS LTD | NB | $2.2M | 450,000 | flat | 13q | HELD | |
| SCYNEXIS INC | $1.0M | 247,811 | - | new | NEW | ||
| JASPER THERAPEUTICS INC | JSPR | $569.2K | 1,352,106 | -0.07pp | 2q | HELD | |
| ENVVENO MEDICAL CORPORATION | NVNO | $387.3K | 36,166 | flat | 2q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $148.7M | 15.2% |
| Biotech & Pharma | $133.6M | 13.7% |
| Business Services | $84.8M | 8.7% |
| Medical Devices | $63.6M | 6.5% |
| Instruments & Controls | $55.3M | 5.7% |
| Healthcare Services | $54.9M | 5.6% |
| Autos & Aerospace | $48.4M | 5.0% |
| Mining & Metals | $41.8M | 4.3% |
| Construction & Building | $40.4M | 4.1% |
| Retail & Consumer | $25.8M | 2.6% |
| Funds & ETFs | $22.1M | 2.3% |
| Real Estate | $21.6M | 2.2% |
| Other sectors | $67.3M | 6.9% |
| Not classified | $167.9M | 17.2% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $976.2M | 69 | 28 | 11 | 17 | 24 | 37.8% | 45 |
| Q1 2026 | $911.0M | 65 | 32 | 16 | 10 | 29 | 48.2% | 45 |
| Q4 2025 | $841.2M | 62 | 21 | 16 | 14 | 33 | 39.0% | 48 |
| Q3 2025 | $805.7M | 74 | 36 | 18 | 9 | 27 | 32.5% | 45 |
| Q2 2025 | $742.5M | 65 | 22 | 14 | 17 | 24 | 35.8% | 45 |
| Q1 2025 | $944.9M | 67 | 29 | 16 | 15 | 30 | 56.1% | 45 |
| Q4 2024 | $702.0M | 68 | 24 | 13 | 14 | 32 | 29.5% | 45 |
| Q3 2024 | $901.8M | 76 | 27 | 18 | 18 | 27 | 35.0% | 45 |
| Q2 2024 | $933.0M | 76 | 23 | 11 | 22 | 27 | 34.3% | 45 |
| Q1 2024 | $915.8M | 80 | 36 | 3 | 37 | 28 | 26.5% | 45 |
| Q4 2023 | $1.6B | 72 | 26 | 35 | 5 | 22 | 35.5% | 45 |
| Q3 2023 | $868.3M | 68 | 28 | 12 | 13 | 31 | 41.6% | 45 |
| Q2 2023 | $1.1B | 71 | 33 | 14 | 8 | 17 | 45.0% | 45 |
| Q1 2023 | $531.8M | 55 | 21 | 11 | 10 | 13 | 38.7% | 45 |
| Q4 2022 | $502.2M | 47 | 18 | 7 | 4 | 27 | 47.7% | 45 |
| Q3 2022 | $781.8M | 56 | 19 | 10 | 9 | 27 | 65.2% | 45 |
| Q2 2022 | $589.5M | 64 | 19 | 18 | 12 | 30 | 49.7% | 46 |
| Q1 2022 | $959.5M | 75 | 26 | 15 | 11 | 22 | 53.8% | 46 |
| Q4 2021 | $869.6M | 71 | 30 | 12 | 13 | 18 | 45.8% | 45 |
| Q3 2021 | $822.0M | 59 | 18 | 17 | 9 | 24 | 55.2% | 46 |
| Q2 2021 | $863.0M | 65 | 24 | 9 | 19 | 17 | 45.5% | 47 |
| Q1 2021 | $978.9M | 58 | 23 | 8 | 15 | 15 | 53.0% | 47 |
| Q4 2020 | $924.5M | 50 | 17 | 11 | 13 | 24 | 58.0% | 47 |
| Q3 2020 | $890.6M | 57 | 21 | 13 | 10 | 15 | 47.3% | 47 |
| Q2 2020 | $1.1B | 51 | 17 | 12 | 5 | 14 | 61.7% | 45 |
| Q1 2020 | $546.3M | 48 | 15 | 14 | 18 | 19 | 48.2% | 45 |
| Q4 2019 | $663.9M | 52 | 17 | 13 | 13 | 21 | 55.2% | 45 |
| Q3 2019 | $846.6M | 56 | 16 | 17 | 14 | 26 | 42.1% | 45 |
| Q2 2019 | $1.0B | 66 | 29 | 14 | 12 | 22 | 44.4% | 45 |
| Q1 2019 | $748.0M | 59 | 25 | 14 | 9 | 23 | 42.7% | 44 |
| Q4 2018 | $663.1M | 57 | 0 | 0 | 0 | 0 | 43.5% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.