Kingdon Capital Management, L.L.C. 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Kingdon Capital Management, L.L.C. disclosed 54 US equity positions worth $482.7m in its Q1 2025 13F filing. The largest position was SNDX at 5.1% of the reported book, followed by IP and CRH. Against the Q4 2024 filing, it opened 18 new positions, added to 13 and reduced 14 among the top 50 holdings.
What did Kingdon Capital Management, L.L.C. own in Q1 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | SNDX SYNDAX PHARMACEUTICALS INC | Healthcare | 5.1% | $24.6m | 2,000,000 | 0% | held |
| 2 | IP INTERNATIONAL PAPER CO | Consumer Cyclical | 4.1% | $19.7m | 370,000 | 35% | added |
| 3 | CRH CRH PLC | Basic Materials | 4.0% | $19.4m | 220,000 | 19% | added |
| 4 | THC TENET HEALTHCARE CORP | Healthcare | 4.0% | $19.2m | 142,500 | -6% | reduced |
| 5 | MMM 3M CO | Industrials | 3.7% | $17.6m | 120,000 | 4% | added |
| 6 | INSM INSMED INC | Healthcare | 3.4% | $16.4m | 215,000 | -4% | reduced |
| 7 | NVDA NVIDIA CORPORATION | Technology | 3.4% | $16.3m | 150,000 | – | new |
| 8 | TAP MOLSON COORS BEVERAGE CO | Consumer Defensive | 3.0% | $14.6m | 240,200 | -17% | reduced |
| 9 | CART MAPLEBEAR INC | Consumer Cyclical | 2.7% | $13.2m | 330,000 | 3% | added |
| 10 | ACHC ACADIA HEALTHCARE COMPANY IN | Healthcare | 2.7% | $12.8m | 422,800 | – | new |
| 11 | PPL PPL CORP | Utilities | 2.6% | $12.6m | 350,000 | 32% | added |
| 12 | HEI HEICO CORP NEW | Industrials | 2.5% | $12.0m | 45,000 | -25% | reduced |
| 13 | IMAX IMAX CORP | Communication Services | 2.5% | $11.8m | 449,500 | -10% | reduced |
| 14 | WM WASTE MGMT INC DEL | Industrials | 2.4% | $11.6m | 50,000 | 11% | added |
| 15 | HAS HASBRO INC | Consumer Cyclical | 2.3% | $11.1m | 181,000 | -18% | reduced |
| 16 | GMED GLOBUS MED INC | Healthcare | 2.3% | $11.1m | 151,300 | – | new |
| 17 | HUM HUMANA INC | Healthcare | 2.3% | $11.1m | 41,792 | – | new |
| 18 | MTCH MATCH GROUP INC NEW | Communication Services | 2.3% | $10.9m | 350,000 | 25% | added |
| 19 | UNH UNITEDHEALTH GROUP INC | Healthcare | 2.2% | $10.6m | 20,262 | – | new |
| 20 | META META PLATFORMS INC | Communication Services | 2.1% | $10.4m | 18,000 | -20% | reduced |
| 21 | SYK STRYKER CORPORATION | Healthcare | 2.1% | $9.9m | 26,600 | – | new |
| 22 | PKG PACKAGING CORP AMER | Consumer Cyclical | 2.1% | $9.9m | 50,000 | – | new |
| 23 | APG API GROUP CORP | Industrials | 2.0% | $9.8m | 275,000 | – | new |
| 24 | CW CURTISS WRIGHT CORP | Industrials | 2.0% | $9.5m | 30,000 | -14% | reduced |
| 25 | TNDM TANDEM DIABETES CARE INC | Healthcare | 2.0% | $9.5m | 495,229 | -37% | reduced |
| 26 | ECG EVERUS CONSTR GROUP | 1.9% | $9.3m | 250,000 | -4% | reduced | |
| 27 | FLEX FLEX LTD | Technology | 1.9% | $8.9m | 270,000 | 23% | added |
| 28 | WMT WALMART INC | Consumer Defensive | 1.8% | $8.8m | 100,000 | – | new |
| 29 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 1.8% | $8.7m | 52,500 | -30% | reduced |
| 30 | WWW WOLVERINE WORLD WIDE INC | Consumer Cyclical | 1.8% | $8.7m | 624,700 | 82% | added |
| 31 | NXE NEXGEN ENERGY LTD | Energy | 1.7% | $8.4m | 1,877,837 | 6% | added |
| 32 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 1.7% | $8.2m | 62,000 | – | new |
| 33 | GEHC GE HEALTHCARE TECHNOLOGIES I | Healthcare | 1.6% | $7.9m | 97,500 | – | new |
| 34 | GKOS GLAUKOS CORP | Healthcare | 1.5% | $7.3m | 74,400 | – | new |
| 35 | LOAR LOAR HOLDINGS INC | 1.5% | $7.1m | 100,000 | 33% | added | |
| 36 | MIR MIRION TECHNOLOGIES INC | Industrials | 1.4% | $6.5m | 450,000 | 12% | added |
| 37 | WDC WESTERN DIGITAL CORP | Technology | 1.3% | $6.1m | 150,000 | -29% | reduced |
| 38 | OKTA OKTA INC | Technology | 1.2% | $5.8m | 55,000 | -58% | reduced |
| 39 | RH RH | Consumer Cyclical | 0.9% | $4.6m | 19,519 | – | new |
| 40 | ALDX ALDEYRA THERAPEUTICS INC | Healthcare | 0.9% | $4.5m | 779,000 | – | new |
| 41 | WNS HLDGS LTD | 0.8% | $4.0m | 65,000 | – | new | |
| 42 | HCI HCI GROUP INC | Financial Services | 0.8% | $3.9m | 26,001 | – | new |
| 43 | ALITEUR ALIGHT INC | 0.8% | $3.9m | 650,000 | -26% | reduced | |
| 44 | RDNT RADNET INC | Healthcare | 0.8% | $3.8m | 77,000 | – | new |
| 45 | OPTNUSD OPTINOSE INC | 0.7% | $3.4m | 373,281 | 0% | held | |
| 46 | AIR LEASE CORP | 0.7% | $3.4m | 70,000 | – | new | |
| 47 | SCPH SCPHARMACEUTICALS INC | 0.5% | $2.6m | 1,000,000 | 25% | added | |
| 48 | GEG GREAT ELM GROUP INC | 0.5% | $2.4m | 1,268,907 | 0% | held | |
| 49 | NVNO ENVVENO MEDICAL CORPORATION | 0.5% | $2.3m | 859,261 | 0% | held | |
| 50 | SCYX SCYNEXIS INC | 0.4% | $2.1m | 2,237,048 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.