Kingdon Capital Management, L.L.C.: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1000097) · Explore on the interactive board
Kingdon Capital Management, L.L.C. disclosed 57 US equity positions worth $741.6m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is SNDX at 7.4% of the reported book, followed by NVDA, WRBY. The top ten holdings are 39.7% of the book, and the portfolio behaves like about 36 equal-weight positions. Versus the prior filing it opened 20 new positions, added to 11, reduced 16 and exited 14. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Kingdon Capital Management, L.L.C. own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 20 new, 11 added, 16 reduced, 14 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | SNDX SYNDAX PHARMACEUTICALS INC | Healthcare | 7.4% | $54.6m | 2,500,000 | 0% | held |
| 2 | NVDA NVIDIA CORPORATION | Technology | 6.5% | $48.0m | 240,000 | 20% | added |
| 3 | WRBY WARBY PARKER INC | Healthcare | 4.6% | $34.2m | 1,126,644 | 7% | added |
| 4 | APG API GROUP CORP | Industrials | 3.4% | $25.4m | 600,000 | 33% | added |
| 5 | KEYS KEYSIGHT TECHNOLOGIES INC | Technology | 3.3% | $24.5m | 70,000 | -12% | reduced |
| 6 | NXE NEXGEN ENERGY LTD | Energy | 3.2% | $23.5m | 2,500,000 | 0% | held |
| 7 | GRAL GRAIL INC | Healthcare | 3.1% | $23.2m | 340,000 | – | new |
| 8 | TSM TAIWAN SEMICONDUCTOR MANUFAC | Technology | 2.9% | $21.5m | 45,000 | 0% | held |
| 9 | ECG EVERUS CONSTR GROUP | Industrials | 2.8% | $20.7m | 125,000 | 0% | held |
| 10 | HIMS HIMS & HERS HEALTH INC | Healthcare | 2.5% | $18.8m | 542,500 | – | new |
| 11 | CART MAPLEBEAR INC | Consumer Cyclical | 2.4% | $18.0m | 380,000 | -19% | reduced |
| 12 | FLNC FLUENCE ENERGY INC | Utilities | 2.4% | $17.9m | 900,000 | – | new |
| 13 | ILMN ILLUMINA INC | Healthcare | 2.3% | $17.2m | 97,800 | – | new |
| 14 | TDY TELEDYNE TECHNOLOGIES INC | Technology | 2.2% | $16.7m | 25,000 | 43% | added |
| 15 | HWM HOWMET AEROSPACE INC | Industrials | 2.2% | $16.1m | 60,000 | -14% | reduced |
| 16 | OLMA OLEMA PHARMACEUTICALS INC | Healthcare | 2.0% | $15.0m | 1,200,000 | 40% | added |
| 17 | ISRG INTUITIVE SURGICAL INC | Healthcare | 2.0% | $14.8m | 37,100 | – | new |
| 18 | FLEX FLEX LTD | Technology | 2.0% | $14.6m | 90,000 | -49% | reduced |
| 19 | CGNX COGNEX CORP | Technology | 2.0% | $14.5m | 200,000 | 8% | added |
| 20 | BFLY BUTTERFLY NETWORK INC | Healthcare | 1.9% | $14.3m | 1,700,000 | – | new |
| 21 | GTX GARRETT MOTION INC | Consumer Cyclical | 1.8% | $13.6m | 375,000 | -46% | reduced |
| 22 | CYTK CYTOKINETICS INC | Healthcare | 1.8% | $13.4m | 157,100 | – | new |
| 23 | BKD BROOKDALE SR LIVING INC | Healthcare | 1.7% | $12.9m | 800,000 | -6% | reduced |
| 24 | VSEC VSE CORP | Industrials | 1.6% | $12.0m | 52,500 | -12% | reduced |
| 25 | PWR QUANTA SVCS INC | Industrials | 1.6% | $11.5m | 16,000 | – | new |
| 26 | ZVRA ZEVRA THERAPEUTICS INC | 1.5% | $11.1m | 775,000 | 0% | held | |
| 27 | RAL RALLIANT CORP | Technology | 1.5% | $11.0m | 150,000 | -40% | reduced |
| 28 | FDX FEDEX CORP | Industrials | 1.5% | $11.0m | 35,000 | – | new |
| 29 | HEI HEICO CORP NEW | Industrials | 1.4% | $10.7m | 30,000 | -25% | reduced |
| 30 | TAN INVESCO EXCH TRADED FD TR II | 1.4% | $10.4m | 175,000 | – | new | |
| 31 | AERCAP HOLDINGS NV | 1.4% | $10.2m | 70,000 | -22% | reduced | |
| 32 | ITT ITT INC | Industrials | 1.3% | $9.9m | 50,000 | – | new |
| 33 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 1.3% | $9.6m | 100,000 | 11% | added |
| 34 | REAL THE REALREAL INC | Consumer Cyclical | 1.3% | $9.6m | 813,000 | 103% | added |
| 35 | VICR VICOR CORP | Technology | 1.3% | $9.5m | 25,000 | 25% | added |
| 36 | GE GE AEROSPACE | Industrials | 1.3% | $9.3m | 25,000 | – | new |
| 37 | AHR AMERICAN HEALTHCARE REIT INC | Real Estate | 1.2% | $9.1m | 175,000 | -42% | reduced |
| 38 | ENTG ENTEGRIS INC | Technology | 1.2% | $9.0m | 50,000 | – | new |
| 39 | CR CRANE COMPANY | Industrials | 1.2% | $8.9m | 40,000 | -33% | reduced |
| 40 | GCO GENESCO INC | Consumer Cyclical | 1.1% | $8.2m | 244,000 | 0% | held |
| 41 | WWW WOLVERINE WORLD WIDE INC | Consumer Cyclical | 1.1% | $8.0m | 485,000 | 11% | added |
| 42 | AIR AAR CORP | Industrials | 1.0% | $7.5m | 52,500 | -48% | reduced |
| 43 | DAR DARLING INGREDIENTS INC | Consumer Defensive | 1.0% | $7.4m | 135,000 | -29% | reduced |
| 44 | DAL DELTA AIR LINES INC | Industrials | 1.0% | $7.2m | 77,000 | – | new |
| 45 | CRDO CREDO TECHNOLOGY GROUP HOLDI | Technology | 0.8% | $5.8m | 21,500 | -67% | reduced |
| 46 | LION LIONSGATE STUDIOS CORP | 0.8% | $5.7m | 375,000 | – | new | |
| 47 | WELL WELLTOWER INC | Real Estate | 0.8% | $5.7m | 25,000 | -50% | reduced |
| 48 | ALDX ALDEYRA THERAPEUTICS INC | Healthcare | 0.8% | $5.6m | 2,652,315 | 23% | added |
| 49 | FFIV F5 INC | Technology | 0.7% | $5.0m | 12,000 | – | new |
| 50 | IVA INVENTIVA SA | 0.6% | $4.8m | 1,270,000 | – | new |
What did Kingdon Capital Management, L.L.C. sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| SLNOEUR SOLENO THERAPEUTICS INC | 17.1% | $19.3m |
| ICLN ISHARES TR | 11.3% | $12.8m |
| ICLR ICON PLC | 10.3% | $11.7m |
| SRAD SPORTRADAR GROUP AG | 10.0% | $11.3m |
| WAY WAYSTAR HLDG CORP | 9.4% | $10.6m |
| ACHC ACADIA HEALTHCARE COMPANY IN | 8.2% | $9.3m |
| COLLECTIVE MINING LTD | 6.6% | $7.5m |
| GXO GXO LOGISTICS INCORPORATED | 5.7% | $6.5m |
| AXON AXON ENTERPRISE INC | 5.5% | $6.2m |
| FPS FORGENT POWER SOLUTIONS INC | 5.2% | $5.9m |
| LOW LOWES COS INC | 4.4% | $5.0m |
| TTEK TETRA TECH INC NEW | 2.7% | $3.0m |
| ITRI ITRON INC | 2.0% | $2.2m |
| SCYX SCYNEXIS INC | 1.6% | $1.8m |
Sector mix
| Sector | Weight |
|---|---|
| Healthcare | 30.2% |
| Technology | 24.3% |
| Industrials | 20.3% |
| Consumer Cyclical | 9.0% |
| Energy | 3.2% |
| Utilities | 2.4% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Kingdon Capital Management, L.L.C.'s portfolio?
Across every quarter Kingdon Capital Management, L.L.C. has filed, its median largest position is 8.6% of the book and its median top-ten weight is 41.1%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 14.0 completed holding spells, the median lasted 1.0 quarters; 57.0 positions are still open and their final length is unknown.