Kingdon Capital Management, L.L.C. 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Kingdon Capital Management, L.L.C. disclosed 54 US equity positions worth $517.9m in its Q2 2025 13F filing. The largest position was NVDA at 4.2% of the reported book, followed by SNDX and CRH. Against the Q1 2025 filing, it opened 15 new positions, added to 14 and reduced 17 among the top 50 holdings.
What did Kingdon Capital Management, L.L.C. own in Q2 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NVDA NVIDIA CORPORATION | Technology | 4.2% | $21.6m | 136,500 | -9% | reduced |
| 2 | SNDX SYNDAX PHARMACEUTICALS INC | Healthcare | 3.8% | $19.7m | 2,100,000 | 5% | added |
| 3 | CRH CRH PLC | Basic Materials | 3.5% | $18.4m | 200,000 | -9% | reduced |
| 4 | SNDK SANDISK CORP | Technology | 3.2% | $16.8m | 370,000 | – | new |
| 5 | WM WASTE MGMT INC DEL | Industrials | 3.1% | $16.0m | 70,000 | 40% | added |
| 6 | HUM HUMANA INC | Healthcare | 3.0% | $15.8m | 64,600 | 55% | added |
| 7 | TOL TOLL BROTHERS INC | Consumer Cyclical | 3.0% | $15.4m | 135,000 | – | new |
| 8 | MMM 3M CO | Industrials | 2.9% | $15.2m | 100,000 | -17% | reduced |
| 9 | BLDR BUILDERS FIRSTSOURCE INC | Industrials | 2.9% | $15.0m | 128,500 | – | new |
| 10 | CART MAPLEBEAR INC | Consumer Cyclical | 2.8% | $14.5m | 320,000 | -3% | reduced |
| 11 | AJG GALLAGHER ARTHUR J & CO | Financial Services | 2.8% | $14.4m | 45,000 | – | new |
| 12 | EWY ISHARES INC | 2.8% | $14.4m | 200,000 | – | new | |
| 13 | NXE NEXGEN ENERGY LTD | Energy | 2.7% | $13.7m | 1,977,837 | 5% | added |
| 14 | PKG PACKAGING CORP AMER | Consumer Cyclical | 2.5% | $13.2m | 70,000 | 40% | added |
| 15 | HEI HEICO CORP NEW | Industrials | 2.5% | $13.1m | 40,000 | -11% | reduced |
| 16 | ECG EVERUS CONSTR GROUP | 2.5% | $12.7m | 200,000 | -20% | reduced | |
| 17 | LOAR LOAR HOLDINGS INC | 2.4% | $12.5m | 145,000 | 45% | added | |
| 18 | FLEX FLEX LTD | Technology | 2.3% | $12.0m | 240,000 | -11% | reduced |
| 19 | TAP MOLSON COORS BEVERAGE CO | Consumer Defensive | 2.2% | $11.6m | 240,200 | 0% | held |
| 20 | APG API GROUP CORP | Industrials | 2.2% | $11.5m | 225,000 | -18% | reduced |
| 21 | TTEK TETRA TECH INC NEW | Industrials | 2.2% | $11.3m | 315,000 | – | new |
| 22 | SRAD SPORTRADAR GROUP AG | Technology | 2.2% | $11.2m | 400,000 | – | new |
| 23 | JPM JPMORGAN CHASE & CO. | Financial Services | 2.0% | $10.1m | 35,000 | – | new |
| 24 | GMED GLOBUS MED INC | Healthcare | 1.9% | $10.0m | 170,000 | 12% | added |
| 25 | OKTA OKTA INC | Technology | 1.9% | $10.0m | 100,000 | 82% | added |
| 26 | RDNT RADNET INC | Healthcare | 1.9% | $9.8m | 173,000 | 125% | added |
| 27 | WMT WALMART INC | Consumer Defensive | 1.9% | $9.8m | 100,000 | 0% | held |
| 28 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 1.9% | $9.6m | 42,500 | -19% | reduced |
| 29 | WWW WOLVERINE WORLD WIDE INC | Consumer Cyclical | 1.8% | $9.5m | 524,700 | -16% | reduced |
| 30 | IMAX IMAX CORP | Communication Services | 1.8% | $9.5m | 338,654 | -25% | reduced |
| 31 | MIR MIRION TECHNOLOGIES INC | Industrials | 1.8% | $9.2m | 425,000 | -6% | reduced |
| 32 | CW CURTISS WRIGHT CORP | Industrials | 1.7% | $8.5m | 17,500 | -42% | reduced |
| 33 | WELL WELLTOWER INC | Real Estate | 1.6% | $8.5m | 55,000 | – | new |
| 34 | ULS UL SOLUTIONS INC | Industrials | 1.6% | $8.4m | 115,000 | – | new |
| 35 | WDC WESTERN DIGITAL CORP | Technology | 1.6% | $8.3m | 130,000 | -13% | reduced |
| 36 | EW EDWARDS LIFESCIENCES CORP | Healthcare | 1.4% | $7.1m | 91,300 | – | new |
| 37 | PCT PURECYCLE TECHNOLOGIES INC | Industrials | 1.3% | $6.7m | 491,000 | – | new |
| 38 | THC TENET HEALTHCARE CORP | Healthcare | 1.3% | $6.7m | 37,800 | -73% | reduced |
| 39 | ALITEUR ALIGHT INC | 1.2% | $6.2m | 1,100,000 | 69% | added | |
| 40 | WNS HLDGS LTD | 1.2% | $6.0m | 95,000 | 46% | added | |
| 41 | VST VISTRA CORP | Utilities | 1.1% | $5.8m | 30,000 | – | new |
| 42 | MTCH MATCH GROUP INC NEW | Communication Services | 1.1% | $5.6m | 180,000 | -49% | reduced |
| 43 | HCI HCI GROUP INC | Financial Services | 1.0% | $5.3m | 35,000 | 35% | added |
| 44 | ALDX ALDEYRA THERAPEUTICS INC | Healthcare | 1.0% | $5.1m | 1,331,791 | 71% | added |
| 45 | ZVRA ZEVRA THERAPEUTICS INC | 0.8% | $4.0m | 450,000 | – | new | |
| 46 | JSPR JASPER THERAPEUTICS INC | 0.7% | $3.8m | 684,707 | 40% | added | |
| 47 | NVNO ENVVENO MEDICAL CORPORATION | 0.7% | $3.4m | 859,261 | 0% | held | |
| 48 | AMRC AMERESCO INC | Industrials | 0.6% | $3.0m | 200,000 | – | new |
| 49 | GEG GREAT ELM GROUP INC | 0.5% | $2.6m | 1,268,907 | 0% | held | |
| 50 | SCPH SCPHARMACEUTICALS INC | 0.5% | $2.5m | 659,711 | -34% | reduced |
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.