Filed: 8/14/2025ACC: 0001000097-25-000018
📋 What this filing means
KINGDON CAPITAL MANAGEMENT, L.L.C. filed this quarterly 13F‑HR report disclosing 65 equity positions with a total reported market value of $742.52M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
65
Positions
$742.52M
Total AUM (reported)
24.40M
Total Shares
Allocation by class
COM$405.74M54.6%
S&P REGL BKG$59.39M8.0%
RUSSELL 2000 ETF$32.37M4.4%
ORD$30.34M4.1%
CL A$26.26M3.5%
TR UNIT$24.71M3.3%
MSCI JPN ETF NEW$22.49M3.0%
Portfolio Concentration
Top 3$118.36M15.9%
4–10$147.57M19.9%
11–25$210.83M28.4%
Rest$265.76M35.8%
Top 3 weight
15.9%
Top 10 weight
35.8%
Voting Authority Distribution
Total shares with voting rights: 24.40M
Sole
Full voting authority
24.40M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other65
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings65
Rows:
SPDR SERIES TRUST
DFNDShares1M
TypeSH
Market value$59.39M
8.00%
Sole
1M
Shared
0.00
None
0.00
ISHARES TR
DFNDShares150K
TypeSH
Market value$32.37M
4.36%
Sole
150K
Shared
0.00
None
0.00
KKR & CO INC
DFNDShares200K
TypeSH
Market value$26.61M
3.58%
Sole
200K
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
DFNDShares40K
TypeSH
Market value$24.71M
3.33%
Sole
40K
Shared
0.00
None
0.00
SANDISK CORP
DFNDShares530K
TypeSH
Market value$24.04M
3.24%
Sole
530K
Shared
0.00
None
0.00
ISHARES INC
DFNDShares300K
TypeSH
Market value$22.49M
3.03%
Sole
300K
Shared
0.00
None
0.00
NVIDIA CORPORATION
DFNDShares136.50K
TypeSH
Market value$21.57M
2.90%
Sole
136.50K
Shared
0.00
None
0.00
SYNDAX PHARMACEUTICALS INC
DFNDShares2.10M
TypeSH
Market value$19.67M
2.65%
Sole
2.10M
Shared
0.00
None
0.00
CRH PLC
DFNDShares200K
TypeSH
Market value$18.36M
2.47%
Sole
200K
Shared
0.00
None
0.00
VANECK ETF TRUST
DFNDShares60K
TypeSH
Market value$16.73M
2.25%
Sole
60K
Shared
0.00
None
0.00
WASTE MGMT INC DEL
DFNDShares70K
TypeSH
Market value$16.02M
2.16%
Sole
70K
Shared
0.00
None
0.00
HUMANA INC
DFNDShares64.60K
TypeSH
Market value$15.79M
2.13%
Sole
64.60K
Shared
0.00
None
0.00
TOLL BROTHERS INC
DFNDShares135K
TypeSH
Market value$15.41M
2.08%
Sole
135K
Shared
0.00
None
0.00
3M CO
DFNDShares100K
TypeSH
Market value$15.22M
2.05%
Sole
100K
Shared
0.00
None
0.00
BUILDERS FIRSTSOURCE INC
DFNDShares128.50K
TypeSH
Market value$14.99M
2.02%
Sole
128.50K
Shared
0.00
None
0.00
MAPLEBEAR INC
DFNDShares320K
TypeSH
Market value$14.48M
1.95%
Sole
320K
Shared
0.00
None
0.00
GALLAGHER ARTHUR J & CO
DFNDShares45K
TypeSH
Market value$14.41M
1.94%
Sole
45K
Shared
0.00
None
0.00
ISHARES INC
DFNDShares200K
TypeSH
Market value$14.36M
1.93%
Sole
200K
Shared
0.00
None
0.00
NEXGEN ENERGY LTD
DFNDShares1.98M
TypeSH
Market value$13.73M
1.85%
Sole
1.98M
Shared
0.00
None
0.00
PACKAGING CORP AMER
DFNDShares70K
TypeSH
Market value$13.19M
1.78%
Sole
70K
Shared
0.00
None
0.00
HEICO CORP NEW
DFNDShares40K
TypeSH
Market value$13.12M
1.77%
Sole
40K
Shared
0.00
None
0.00
UPSTART HLDGS INC
DFNDShares200K
TypeSH
Market value$12.94M
1.74%
Sole
200K
Shared
0.00
None
0.00
EVERUS CONSTR GROUP
DFNDShares200K
TypeSH
Market value$12.71M
1.71%
Sole
200K
Shared
0.00
None
0.00
LOAR HOLDINGS INC
DFNDShares145K
TypeSH
Market value$12.49M
1.68%
Sole
145K
Shared
0.00
None
0.00
FLEX LTD
DFNDShares240K
TypeSH
Market value$11.98M
1.61%
Sole
240K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR SERIES TRUSTDFND | S&P REGL BKG | 1M | SH | $59.39M 8.00% | 1M | 0.00 | 0.00 |
ISHARES TRDFND | RUSSELL 2000 ETF | 150K | SH | $32.37M 4.36% | 150K | 0.00 | 0.00 |
KKR & CO INCDFND | COM | 200K | SH | $26.61M 3.58% | 200K | 0.00 | 0.00 |
SPDR S&P 500 ETF TRDFND | TR UNIT | 40K | SH | $24.71M 3.33% | 40K | 0.00 | 0.00 |
SANDISK CORPDFND | COM | 530K | SH | $24.04M 3.24% | 530K | 0.00 | 0.00 |
ISHARES INCDFND | MSCI JPN ETF NEW | 300K | SH | $22.49M 3.03% | 300K | 0.00 | 0.00 |
NVIDIA CORPORATIONDFND | COM | 136.50K | SH | $21.57M 2.90% | 136.50K | 0.00 | 0.00 |
SYNDAX PHARMACEUTICALS INCDFND | COM | 2.10M | SH | $19.67M 2.65% | 2.10M | 0.00 | 0.00 |
CRH PLCDFND | ORD | 200K | SH | $18.36M 2.47% | 200K | 0.00 | 0.00 |
VANECK ETF TRUSTDFND | SEMICONDUCTR ETF | 60K | SH | $16.73M 2.25% | 60K | 0.00 | 0.00 |
WASTE MGMT INC DELDFND | COM | 70K | SH | $16.02M 2.16% | 70K | 0.00 | 0.00 |
HUMANA INCDFND | COM | 64.60K | SH | $15.79M 2.13% | 64.60K | 0.00 | 0.00 |
TOLL BROTHERS INCDFND | COM | 135K | SH | $15.41M 2.08% | 135K | 0.00 | 0.00 |
3M CODFND | COM | 100K | SH | $15.22M 2.05% | 100K | 0.00 | 0.00 |
BUILDERS FIRSTSOURCE INCDFND | COM | 128.50K | SH | $14.99M 2.02% | 128.50K | 0.00 | 0.00 |
MAPLEBEAR INCDFND | COM | 320K | SH | $14.48M 1.95% | 320K | 0.00 | 0.00 |
GALLAGHER ARTHUR J & CODFND | COM | 45K | SH | $14.41M 1.94% | 45K | 0.00 | 0.00 |
ISHARES INCDFND | MSCI STH KOR ETF | 200K | SH | $14.36M 1.93% | 200K | 0.00 | 0.00 |
NEXGEN ENERGY LTDDFND | COM | 1.98M | SH | $13.73M 1.85% | 1.98M | 0.00 | 0.00 |
PACKAGING CORP AMERDFND | COM | 70K | SH | $13.19M 1.78% | 70K | 0.00 | 0.00 |
HEICO CORP NEWDFND | COM | 40K | SH | $13.12M 1.77% | 40K | 0.00 | 0.00 |
UPSTART HLDGS INCDFND | COM | 200K | SH | $12.94M 1.74% | 200K | 0.00 | 0.00 |
EVERUS CONSTR GROUPDFND | COM | 200K | SH | $12.71M 1.71% | 200K | 0.00 | 0.00 |
LOAR HOLDINGS INCDFND | COM SHS | 145K | SH | $12.49M 1.68% | 145K | 0.00 | 0.00 |
FLEX LTDDFND | ORD | 240K | SH | $11.98M 1.61% | 240K | 0.00 | 0.00 |
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