AI Portfolio Summary
In 2025 Q4, KINGDON CAPITAL MANAGEMENT, L.L.C. maintained a portfolio of 103 distinct positions. The most significant new addition to the portfolio was ISHARES SILVER TR, which now represents 6.51% of the total fund value. The fund also reduced its exposure to ISHARES INC by 60.5%.
Total Positions
103
Quarter
2025 Q4
Top Holding
SLV (6.5%)
Top 10 Concentration
34.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 103
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
SLV
PUT
ISHARES SILVER ...
|
PUT Option | 6.51% | — |
#1
Prev: #—
|
8.1 | 850,000 | no change |
NEW
|
850,000 | $54,757,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SNDX
SYNDAX PHARMACE...
|
Healthcare | 5.87% | 4.77% |
#2
Prev: #2
|
4.3 | -150,000 | -6.0% |
P
S
|
2,350,000 | $49,373,500 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 3.21% | 2.72% |
#3
1
Prev: #4
|
4.8 | 27,500 | 23.4% |
P
S
|
145,000 | $27,042,500 | 2001 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KEYS
KEYSIGHT TECHNO...
|
Technology | 3.14% | — |
#4
Prev: #—
|
5.3 | 130,000 | no change |
NEW
|
130,000 | $26,414,700 | 2018 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
OLMA
OLEMA PHARMACEU...
|
Healthcare | 2.83% | 1.04% |
#5
39
Prev: #44
|
3.6 | 99,600 | 11.7% |
P
S
|
953,600 | $23,840,000 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NXE
NEXGEN ENERGY L...
|
Energy | 2.73% | 2.42% |
#6
2
Prev: #8
|
3.1 | 322,163 | 14.8% |
P
S
|
2,500,000 | $23,000,000 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WRBY
WARBY PARKER IN...
|
Healthcare | 2.73% | 1.20% |
#7
28
Prev: #35
|
4.1 | 703,644 | 201.0% |
P
S
|
1,053,644 | $22,958,903 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NVDA
PUT
NVIDIA CORPORAT...
|
PUT Option | 2.55% | — |
#8
Prev: #—
|
4.5 | 115,000 | no change |
NEW
|
115,000 | $21,447,500 | 2001 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CRH
CRH PLC
|
Basic Materials | 2.23% | 2.23% |
#9
2
Prev: #11
|
1.9 | no change | no change |
P
S
|
150,000 | $18,720,000 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SLNO
SOLENO THERAPEU...
|
Healthcare | 2.20% | 2.53% |
#10
4
Prev: #6
|
3.4 | 98,900 | 32.9% |
P
S
|
399,900 | $18,515,370 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SMH
PUT
VANECK ETF TRUS...
|
PUT Option | 2.14% | 2.84% |
#11
8
Prev: #3
|
0.9 | -20,000 | -28.6% |
P
S
|
50,000 | $18,006,500 | 2017 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CART
MAPLEBEAR INC
|
Consumer Cyclical | 2.09% | 2.05% |
#12
1
Prev: #13
|
1.3 | -60,000 | -13.3% |
P
S
|
390,000 | $17,542,200 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TAN
CALL
INVESCO EXCH TR...
|
CALL Option | 2.04% | — |
#13
Prev: #—
|
4.3 | 350,000 | no change |
NEW
|
350,000 | $17,192,000 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ECG
EVERUS CONSTR G...
|
Industrials | 2.03% | 2.13% |
#14
2
Prev: #12
|
1.8 | no change | no change |
P
S
|
200,000 | $17,112,000 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BAC
CALL
BANK AMERICA CO...
|
CALL Option | 1.96% | — |
#15
Prev: #—
|
4.3 | 300,000 | no change |
NEW
|
300,000 | $16,500,000 | 1999 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HWM
HOWMET AEROSPAC...
|
Industrials | 1.95% | 1.34% |
#16
13
Prev: #29
|
3.3 | 25,000 | 45.5% |
P
S
|
80,000 | $16,401,600 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SRAD
SPORTRADAR GROU...
|
Technology | 1.90% | 1.58% |
#17
3
Prev: #20
|
3.3 | 200,000 | 42.2% |
P
S
|
674,000 | $16,020,980 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KKR
CALL
KKR & CO INC
|
CALL Option | 1.89% | 2.02% |
#18
4
Prev: #14
|
1.8 | no change | no change |
P
S
|
125,000 | $15,935,000 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TDY
TELEDYNE TECHNO...
|
Technology | 1.82% | 1.09% |
#19
22
Prev: #41
|
3.7 | 15,000 | 100.0% |
P
S
|
30,000 | $15,321,900 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMD
ADVANCED MICRO ...
|
Technology | 1.78% | — |
#20
Prev: #—
|
4.2 | 70,000 | no change |
NEW
|
70,000 | $14,991,200 | 2000 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BABA
ALIBABA GROUP H...
|
Consumer Cyclical | 1.74% | — |
#21
Prev: #—
|
4.2 | 100,000 | no change |
NEW
|
100,000 | $14,658,000 | 2017 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
APG
API GROUP CORP
|
Industrials | 1.71% | 1.39% |
#22
3
Prev: #25
|
2.7 | 50,000 | 15.4% |
P
S
|
375,000 | $14,347,500 | 2020 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FWONK
LIBERTY MEDIA C...
|
Communication Services | 1.64% | 1.04% |
#23
22
Prev: #45
|
3.7 | 60,000 | 75.0% |
P
S
|
140,000 | $13,791,400 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WAY
WAYSTAR HLDG CO...
|
Healthcare | 1.61% | — |
#24
Prev: #—
|
4.1 | 414,549 | no change |
NEW
|
414,549 | $13,576,480 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMD
PUT
ADVANCED MICRO ...
|
PUT Option | 1.59% | — |
#25
Prev: #—
|
4.1 | 62,500 | no change |
NEW
|
62,500 | $13,385,000 | 2000 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HEI
HEICO CORP NEW
|
Industrials | 1.54% | 1.60% |
#26
7
Prev: #19
|
1.6 | no change | no change |
P
S
|
40,000 | $12,943,600 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 1.45% | 1.47% |
#27
5
Prev: #22
|
1.1 | -2,500 | -5.9% |
P
S
|
40,000 | $12,155,600 | 2000 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WWW
WOLVERINE WORLD...
|
Consumer Cyclical | 1.42% | 0.44% |
#28
39
Prev: #67
|
3.6 | 528,000 | 407.7% |
P
S
|
657,500 | $11,933,625 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 1.40% | 0.91% |
#29
20
Prev: #49
|
3.1 | 7,500 | 25.0% |
P
S
|
37,500 | $11,737,500 | 2015 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TAP
MOLSON COORS BE...
|
Consumer Defensive | 1.33% | 1.35% |
#30
4
Prev: #26
|
1.5 | no change | no change |
P
S
|
240,200 | $11,212,536 | 2005 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RAL
RALLIANT CORP
|
Technology | 1.33% | 1.19% |
#31
5
Prev: #36
|
1.5 | no change | no change |
P
S
|
220,000 | $11,200,200 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EWY
ISHARES INC
|
ETF | 1.33% | 1.34% |
#32
4
Prev: #28
|
1.0 | -20,000 | -14.8% |
P
S
|
115,000 | $11,180,300 | 2007 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WMT
WALMART INC
|
Consumer Defensive | 1.32% | 1.28% |
#33
1
Prev: #32
|
1.5 | no change | no change |
P
S
|
100,000 | $11,141,000 | 2000 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BABA
PUT
ALIBABA GROUP H...
|
PUT Option | 1.31% | — |
#34
Prev: #—
|
4.0 | 75,000 | no change |
NEW
|
75,000 | $10,993,500 | 2017 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UPST
CALL
UPSTART HLDGS I...
|
CALL Option | 1.30% | — |
#35
Prev: #—
|
4.0 | 250,000 | no change |
NEW
|
250,000 | $10,932,500 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CARR
CARRIER GLOBAL ...
|
Industrials | 1.26% | — |
#36
Prev: #—
|
4.0 | 200,000 | no change |
NEW
|
200,000 | $10,568,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LOAR
LOAR HOLDINGS I...
|
Industrials | 1.21% | 1.49% |
#37
16
Prev: #21
|
1.5 | no change | no change |
P
S
|
150,000 | $10,200,000 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ULS
UL SOLUTIONS IN...
|
Industrials | 1.17% | 1.10% |
#38
2
Prev: #40
|
1.5 | no change | no change |
P
S
|
125,000 | $9,857,500 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NXPI
NXP SEMICONDUCT...
|
Technology | 1.16% | 1.34% |
#39
12
Prev: #27
|
1.0 | -2,500 | -5.3% |
P
S
|
45,000 | $9,767,700 | 2012 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ALDX
ALDEYRA THERAPE...
|
Healthcare | 1.14% | 0.86% |
#40
13
Prev: #53
|
3.0 | 518,209 | 38.9% |
P
S
|
1,850,000 | $9,583,000 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AHR
AMERICAN HEALTH...
|
Real Estate | 1.12% | — |
#41
Prev: #—
|
3.9 | 200,000 | no change |
NEW
|
200,000 | $9,412,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WELL
WELLTOWER INC
|
Real Estate | 1.10% | 1.33% |
#42
11
Prev: #31
|
0.9 | -10,000 | -16.7% |
P
S
|
50,000 | $9,280,500 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ICLR
ICON PLC
|
Healthcare | 1.10% | — |
#43
Prev: #—
|
3.9 | 50,600 | no change |
NEW
|
50,600 | $9,220,332 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BAC
BANK AMERICA CO...
|
Financial Services | 1.08% | — |
#44
Prev: #—
|
3.9 | 165,000 | no change |
NEW
|
165,000 | $9,075,000 | 1999 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HCI
HCI GROUP INC
|
Financial Services | 1.03% | 1.01% |
#45
1
Prev: #46
|
2.4 | 2,500 | 5.9% |
P
S
|
45,000 | $8,626,050 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ILMN
ILLUMINA INC
|
Healthcare | 0.98% | — |
#46
Prev: #—
|
3.9 | 62,700 | no change |
NEW
|
62,700 | $8,223,732 | 2009 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RDNT
RADNET INC
|
Healthcare | 0.93% | — |
#47
Prev: #—
|
3.9 | 110,000 | no change |
NEW
|
110,000 | $7,848,500 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AXON
AXON ENTERPRISE...
|
Industrials | 0.91% | 0.89% |
#48
4
Prev: #52
|
2.9 | 3,500 | 35.0% |
P
S
|
13,500 | $7,667,055 | 2020 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EWY
PUT
ISHARES INC
|
PUT Option | 0.87% | 1.89% |
#49
34
Prev: #15
|
0.3 | -115,000 | -60.5% |
P
S
|
75,000 | $7,291,500 | 2007 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ALC
ALCON AG
|
Healthcare | 0.83% | 0.53% |
#50
14
Prev: #64
|
3.3 | 30,980 | 53.9% |
P
S
|
88,480 | $6,973,109 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 103 holdings