KINGDON CAPITAL MANAGEMENT, L.L.C.
Long book
$597.1M
Q1 2026
Positions
52
Top-10 weight
42%
concentration
Last quarter
+18.1%
SPY +14.8%
Turnover
58%
of book per quarter
Strategy in plain words
auto-generated from filingsKINGDON CAPITAL MANAGEMENT, L.L.C. is an institutional manager, running a $597.1M US long book across 52 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: SYNDAX PHARMACEUTICALS INC, NVIDIA CORP, NEXGEN ENERGY LTD, KEYSIGHT TECHNOLOGIES IN, WARBY PARKER INC-CLASS A.
Over the last 9 quarters its long book ran on average 0.7pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.8%
Q2 2024
+8.9%
Q3 2024
-3.6%
Q4 2024
-11.6%
Q1 2025
+9.8%
Q2 2025
+17.7%
Q3 2025
+5.4%
Q4 2025
-1.9%
Q1 2026
+18.1%
Sector allocation
Healthcare 27%
Technology 25%
Industrials 18%
Services media 12%
Materials 7%
Other 5%
Consumer discretionary 3%
Consumer staples 2%
Long book by quarter
What does KINGDON CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| SNDX SYNDAX PHARMACEUTICALS INC | Healthcare | 2.5M | $58.4M | 9.8% | +6.4% |
| NVDA NVIDIA CORP | Technology | 200.0K | $34.9M | 5.8% | +37.9% |
| NXE NEXGEN ENERGY LTD | Materials | 2.5M | $29.0M | 4.9% | Held |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 80.0K | $22.6M | 3.8% | -38.5% |
| WRBY WARBY PARKER INC-CLASS A | Healthcare | 1.1M | $22.2M | 3.7% | Held |
| SLNOEUR SOLENO THERAPEUTICS INC | — | 575.0K | $19.3M | 3.2% | +43.8% |
| APG API GROUP CORP | Services media | 450.0K | $18.2M | 3.1% | +20.0% |
| CART MAPLEBEAR INC | Services media | 470.0K | $17.6M | 2.9% | +20.5% |
| HWM HOWMET AEROSPACE INC | Industrials | 70.0K | $16.1M | 2.7% | -12.5% |
| ECG EVERUS CONSTRUCTION GROUP | Industrials | 125.0K | $14.8M | 2.5% | -37.5% |
| OLMA OLEMA PHARMACEUTICALS INC | Healthcare | 855.0K | $12.7M | 2.1% | -10.3% |
| GTX GARRETT MOTION INC | Industrials | 700.0K | $12.7M | 2.1% | New |
| AER AERCAP HOLDINGS NV | Services media | 90.0K | $12.3M | 2.1% | New |
| DAR DARLING INGREDIENTS INC | Consumer staples | 190.0K | $11.8M | 2.0% | New |
| ICLR ICON PLC | Healthcare | 105.3K | $11.7M | 2.0% | +108.1% |
| BKD BROOKDALE SENIOR LIVING INC | Healthcare | 850.0K | $11.6M | 1.9% | New |
| FLEX FLEX LTD | Technology | 175.0K | $11.5M | 1.9% | +84.2% |
| SRAD SPORTRADAR GROUP AG-A | Technology | 674.0K | $11.3M | 1.9% | Held |
| VSEC VSE CORP | Services media | 60.0K | $11.1M | 1.9% | New |
| HEI HEICO CORP | Industrials | 40.0K | $11.0M | 1.8% | Held |
| AIR AAR CORP | Industrials | 100.0K | $10.9M | 1.8% | +150.0% |
| TDY TELEDYNE TECHNOLOGIES INC | Technology | 17.5K | $10.6M | 1.8% | -41.7% |
| WAY WAYSTAR HOLDING CORP | Technology | 438.0K | $10.6M | 1.8% | +5.7% |
| RAL RALLIANT CORP | Technology | 250.0K | $10.4M | 1.7% | +13.6% |
| CR CRANE CO | Industrials | 60.0K | $10.3M | 1.7% | New |
| ACHC ACADIA HEALTHCARE CO INC | Healthcare | 396.2K | $9.3M | 1.6% | New |
| CGNX COGNEX CORP | Technology | 185.0K | $9.1M | 1.5% | New |
| CNL COLLECTIVE MINING LTD | Materials | 425.0K | $7.5M | 1.3% | New |
| ZVRA ZEVRA THERAPEUTICS INC | Healthcare | 775.0K | $7.2M | 1.2% | +32.5% |
| WWW WOLVERINE WORLD WIDE INC | Other | 436.0K | $7.1M | 1.2% | -33.7% |
| GCO GENESCO INC | Consumer discretionary | 244.0K | $7.1M | 1.2% | New |
| GXO GXO LOGISTICS INC | Industrials | 125.0K | $6.5M | 1.1% | New |
| AXON AXON ENTERPRISE INC | Industrials | 14.5K | $6.2M | 1.0% | +7.4% |
| CRDO CREDO TECHNOLOGY GROUP HOLDI | Technology | 65.0K | $6.1M | 1.0% | New |
| FPS FORGENT POWER SOLUTIONS-CL A | Industrials | 200.0K | $5.9M | 1.0% | New |
| LOW LOWE'S COS INC | Consumer discretionary | 21.3K | $5.0M | 0.8% | New |
| ALDX ALDEYRA THERAPEUTICS INC | Healthcare | 2.2M | $3.6M | 0.6% | +16.3% |
| REAL REALREAL INC/THE | Consumer discretionary | 400.0K | $3.6M | 0.6% | New |
| VICR VICOR CORP | Technology | 20.0K | $3.2M | 0.5% | New |
| ELDN ELEDON PHARMACEUTICALS INC | Healthcare | 1.0M | $3.2M | 0.5% | Held |
| TTEK TETRA TECH INC | Services media | 100.0K | $3.0M | 0.5% | -33.3% |
| ITRI ITRON INC | Technology | 25.0K | $2.2M | 0.4% | -50.0% |
| NB NIOCORP DEVELOPMENTS LTD | Materials | 450.0K | $2.0M | 0.3% | +43.1% |
| SCYX SCYNEXIS INC | Healthcare | 2.0M | $1.8M | 0.3% | New |
| JSPR JASPER THERAPEUTICS INC | Healthcare | 1.4M | $1.2M | 0.2% | New |
| NVNO ENVVENO MEDICAL CORP | Healthcare | 36.2K | $366K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 67 | $911.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 68 | $841.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 77 | $805.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 67 | $742.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 67 | $944.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 70 | $702.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 79 | $901.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 82 | $933.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 83 | $915.8M | canonical | SEC ↗ |
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