KINGDON CAPITAL MANAGEMENT, L.L.C.

All Holdings — 2025 Q4

Portfolio Concentration Analytics: 7.6
Risk-based ENB:
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:
1-25 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
ISHARES SILVER ...
PUT
PUT Option 6.51% #1
Prev: #—
4.6 850,000 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
2.4 -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
3.4 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: #—
3.3 130,000 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
3.2 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
3.4 703,644 201.0%
P
S
1,053,644 $22,958,903 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
PUT
PUT Option 2.55% #8
Prev: #—
3.0 115,000 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
0.9 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
3.0 98,900 32.9%
P
S
399,900 $18,515,370 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SMH
VANECK ETF TRUS...
PUT
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
0.9 -60,000 -13.3%
P
S
390,000 $17,542,200 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TAN
INVESCO EXCH TR...
CALL
CALL Option 2.04% #13
Prev: #—
2.8 350,000 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
0.8 no change no change
P
S
200,000 $17,112,000 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BAC
BANK AMERICA CO...
CALL
CALL Option 1.96% #15
Prev: #—
2.8 300,000 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
2.9 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
2.9 200,000 42.2%
P
S
674,000 $16,020,980 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
KKR
KKR & CO INC
CALL
CALL Option 1.89% 2.02% #18 4
Prev: #14
0.8 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
3.0 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: #—
2.7 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: #—
2.7 100,000 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
2.9 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: #—
2.6 414,549 no change
NEW
414,549 $13,576,480 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMD
ADVANCED MICRO ...
PUT
PUT Option 1.59% #25
Prev: #—
2.6 62,500 no change
NEW
62,500 $13,385,000 2000 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
QQQ
INVESCO QQQ TR
PUT
PUT Option 0.00% 6.33%
Sold All 😨
(Was: #1)
0.3 -85,000 -100.0%
CLOSED
$— 2004 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MOH
MOLINA HEALTHCA...
Healthcare 0.00% 2.62%
Sold All 😨
(Was: #5)
0.3 -110,200 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EW
EDWARDS LIFESCI...
Healthcare 0.00% 2.43%
Sold All 😨
(Was: #7)
0.3 -251,400 -100.0%
CLOSED
$— 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HUM
HUMANA INC
Healthcare 0.00% 2.28%
Sold All 😨
(Was: #9)
0.3 -70,600 -100.0%
CLOSED
$— 2004 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BLDR
BUILDERS FIRSTS...
Industrials 0.00% 2.26%
Sold All 😨
(Was: #10)
0.3 -150,000 -100.0%
CLOSED
$— 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GMED
GLOBUS MED INC
Healthcare 0.00% 1.83%
Sold All 😨
(Was: #16)
0.3 -257,650 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 0.00% 1.77%
Sold All 😨
(Was: #17)
0.3 -27,500 -100.0%
CLOSED
$— 2000 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
XLU
SELECT SECTOR S...
PUT
PUT Option 0.00% 1.62%
Sold All 😨
(Was: #18)
0.3 -150,000 -100.0%
CLOSED
$— 2007 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 0.00% 1.46%
Sold All 😨
(Was: #23)
0.3 -16,000 -100.0%
CLOSED
$— 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SKY
CHAMPION HOMES ...
Consumer Cyclical 0.00% 1.42%
Sold All 😨
(Was: #24)
0.3 -150,000 -100.0%
CLOSED
$— 2004 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ETR
ENTERGY CORP NE...
Utilities 0.00% 1.33%
Sold All 😨
(Was: #30)
0.3 -115,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BX
BLACKSTONE INC
PUT
PUT Option 0.00% 1.27%
Sold All 😨
(Was: #33)
0.3 -60,000 -100.0%
CLOSED
$— 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HCI
HCI GROUP INC
CALL
CALL Option 0.00% 1.19%
Sold All 😨
(Was: #37)
0.3 -50,000 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PANW
PALO ALTO NETWO...
Technology 0.00% 1.14%
Sold All 😨
(Was: #39)
0.3 -45,000 -100.0%
CLOSED
$— 2014 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MIR
MIRION TECHNOLO...
Industrials 0.00% 1.08%
Sold All 😨
(Was: #42)
0.3 -375,000 -100.0%
CLOSED
$— 2001 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ICE
INTERCONTINENTA...
Financial Services 0.00% 1.05%
Sold All 😨
(Was: #43)
0.3 -50,000 -100.0%
CLOSED
$— 2010 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CNM
CORE & MAIN INC
Industrials 0.00% 1.00%
Sold All 😨
(Was: #47)
0.3 -150,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ITB
ISHARES TR
PUT
PUT Option 0.00% 1.00%
Sold All 😨
(Was: #48)
0.3 -75,000 -100.0%
CLOSED
$— 2013 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GLW
CORNING INC
Technology 0.00% 0.81%
Sold All 😨
(Was: #54)
0.3 -80,000 -100.0%
CLOSED
$— 2000 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GEV
GE VERNOVA INC
PUT
PUT Option 0.00% 0.76%
Sold All 😨
(Was: #57)
0.3 -10,000 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HD
HOME DEPOT INC
Consumer Cyclical 0.00% 0.72%
Sold All 😨
(Was: #59)
0.3 -14,300 -100.0%
CLOSED
$— 1999 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ORCL
ORACLE CORP
CALL
CALL Option 0.00% 0.70%
Sold All 😨
(Was: #60)
0.3 -20,000 -100.0%
CLOSED
$— 2003 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LOW
LOWES COS INC
Consumer Cyclical 0.00% 0.69%
Sold All 😨
(Was: #61)
0.3 -22,250 -100.0%
CLOSED
$— 2000 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SYF
SYNCHRONY FINAN...
PUT
PUT Option 0.00% 0.66%
Sold All 😨
(Was: #62)
0.3 -75,000 -100.0%
CLOSED
$— 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KKR
KKR & CO INC
Financial Services 0.00% 0.65%
Sold All 😨
(Was: #63)
0.3 -40,000 -100.0%
CLOSED
$— 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BN
BROOKFIELD CORP
Financial Services 0.00% 0.51%
Sold All 😨
(Was: #65)
0.3 -60,000 -100.0%
CLOSED
$— 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IOT
SAMSARA INC
CALL
CALL Option 0.00% 0.46%
Sold All 😨
(Was: #66)
0.3 -100,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
XFOR
X4 PHARMACEUTIC...
Healthcare 0.00% 0.40%
Sold All 😨
(Was: #68)
0.3 -933,332 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
JSPR
JASPER THERAPEU...
Healthcare 0.00% 0.39%
Sold All 😨
(Was: #69)
0.3 -1,324,845 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GEG
GREAT ELM GROUP...
Financial Services 0.00% 0.36%
Sold All 😨
(Was: #70)
0.3 -1,168,907 -100.0%
CLOSED
$— 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SCYX
SCYNEXIS INC
Healthcare 0.00% 0.21%
Sold All 😨
(Was: #72)
0.3 -2,237,048 -100.0%
CLOSED
$— 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CVNA
CARVANA CO
Consumer Cyclical 0.00% 0.12%
Sold All 😨
(Was: #74)
0.3 -2,500 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PSN
PARSONS CORP DE...
Technology 0.00% 0.10%
Sold All 😨
(Was: #75)
0.3 -10,000 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MLTX
MOONLAKE IMMUNO...
CALL
CALL Option 0.00% 0.04%
Sold All 😨
(Was: #76)
0.3 -50,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
XAIR
BEYOND AIR INC
Healthcare 0.00% 0.01%
Sold All 😨
(Was: #77)
0.3 -46,833 -100.0%
CLOSED
$— 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 103 holdings

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