Kingdon Capital Management, L.L.C. 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Kingdon Capital Management, L.L.C. disclosed 64 US equity positions worth $638.2m in its Q3 2025 13F filing. The largest position was SNDX at 6.0% of the reported book, followed by NVDA and MOH. Against the Q2 2025 filing, it opened 21 new positions, added to 15 and reduced 7 among the top 50 holdings.
What did Kingdon Capital Management, L.L.C. own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SNDX SYNDAX PHARMACEUTICALS INC | Healthcare | 6.0% | $38.5m | 2,500,000 | 19% | added |
| 2 | NVDA NVIDIA CORPORATION | Technology | 3.4% | $21.9m | 117,500 | -14% | reduced |
| 3 | MOH MOLINA HEALTHCARE INC | Healthcare | 3.3% | $21.1m | 110,200 | – | new |
| 4 | SLNOEUR SOLENO THERAPEUTICS INC | 3.2% | $20.3m | 301,000 | – | new | |
| 5 | EW EDWARDS LIFESCIENCES CORP | Healthcare | 3.1% | $19.6m | 251,400 | 175% | added |
| 6 | NXE NEXGEN ENERGY LTD | Energy | 3.1% | $19.5m | 2,177,837 | 10% | added |
| 7 | HUM HUMANA INC | Healthcare | 2.9% | $18.4m | 70,600 | 9% | added |
| 8 | BLDR BUILDERS FIRSTSOURCE INC | Industrials | 2.8% | $18.2m | 150,000 | 17% | added |
| 9 | CRH CRH PLC | Basic Materials | 2.8% | $18.0m | 150,000 | -25% | reduced |
| 10 | ECG EVERUS CONSTR GROUP | 2.7% | $17.1m | 200,000 | 0% | held | |
| 11 | CART MAPLEBEAR INC | Consumer Cyclical | 2.6% | $16.5m | 450,000 | 41% | added |
| 12 | GMED GLOBUS MED INC | Healthcare | 2.3% | $14.8m | 257,650 | 52% | added |
| 13 | MSFT MICROSOFT CORP | Technology | 2.2% | $14.2m | 27,500 | – | new |
| 14 | HEI HEICO CORP NEW | Industrials | 2.0% | $12.9m | 40,000 | 0% | held |
| 15 | SRAD SPORTRADAR GROUP AG | Technology | 2.0% | $12.8m | 474,000 | 19% | added |
| 16 | LOAR LOAR HOLDINGS INC | 1.9% | $12.0m | 150,000 | 3% | added | |
| 17 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 1.9% | $11.9m | 42,500 | 0% | held |
| 18 | META META PLATFORMS INC | Communication Services | 1.8% | $11.8m | 16,000 | – | new |
| 19 | SKY CHAMPION HOMES INC | Consumer Cyclical | 1.8% | $11.5m | 150,000 | – | new |
| 20 | APG API GROUP CORP | Industrials | 1.8% | $11.2m | 325,000 | 44% | added |
| 21 | TAP MOLSON COORS BEVERAGE CO | Consumer Defensive | 1.7% | $10.9m | 240,200 | 0% | held |
| 22 | NXPI NXP SEMICONDUCTORS N V | Technology | 1.7% | $10.8m | 47,500 | – | new |
| 23 | EWY ISHARES INC | 1.7% | $10.8m | 135,000 | -32% | reduced | |
| 24 | HWM HOWMET AEROSPACE INC | Industrials | 1.7% | $10.8m | 55,000 | – | new |
| 25 | ETR ENTERGY CORP NEW | Utilities | 1.7% | $10.7m | 115,000 | – | new |
| 26 | WELL WELLTOWER INC | Real Estate | 1.7% | $10.7m | 60,000 | 9% | added |
| 27 | WMT WALMART INC | Consumer Defensive | 1.6% | $10.3m | 100,000 | 0% | held |
| 28 | FLEX FLEX LTD | Technology | 1.6% | $10.1m | 175,000 | -27% | reduced |
| 29 | WRBY WARBY PARKER INC | Healthcare | 1.5% | $9.7m | 350,000 | – | new |
| 30 | RAL RALLIANT CORP | Technology | 1.5% | $9.6m | 220,000 | – | new |
| 31 | CW CURTISS WRIGHT CORP | Industrials | 1.5% | $9.5m | 17,500 | 0% | held |
| 32 | PANW PALO ALTO NETWORKS INC | Technology | 1.4% | $9.2m | 45,000 | – | new |
| 33 | ULS UL SOLUTIONS INC | Industrials | 1.4% | $8.9m | 125,000 | 9% | added |
| 34 | TDY TELEDYNE TECHNOLOGIES INC | Technology | 1.4% | $8.8m | 15,000 | – | new |
| 35 | MIR MIRION TECHNOLOGIES INC | Industrials | 1.4% | $8.7m | 375,000 | -12% | reduced |
| 36 | ICE INTERCONTINENTAL EXCHANGE IN | Financial Services | 1.3% | $8.4m | 50,000 | – | new |
| 37 | OLMA OLEMA PHARMACEUTICALS INC | Healthcare | 1.3% | $8.4m | 854,000 | – | new |
| 38 | LLYVK LIBERTY MEDIA CORP DEL | 1.3% | $8.4m | 80,000 | – | new | |
| 39 | HCI HCI GROUP INC | Financial Services | 1.3% | $8.2m | 42,500 | 21% | added |
| 40 | CNM CORE & MAIN INC | Industrials | 1.3% | $8.1m | 150,000 | – | new |
| 41 | GOOGL ALPHABET INC | Communication Services | 1.1% | $7.3m | 30,000 | – | new |
| 42 | PCT PURECYCLE TECHNOLOGIES INC | Industrials | 1.1% | $7.3m | 553,000 | 13% | added |
| 43 | WDC WESTERN DIGITAL CORP | Technology | 1.1% | $7.2m | 60,000 | -54% | reduced |
| 44 | AXON AXON ENTERPRISE INC | Industrials | 1.1% | $7.2m | 10,000 | – | new |
| 45 | ALDX ALDEYRA THERAPEUTICS INC | Healthcare | 1.1% | $7.0m | 1,331,791 | 0% | held |
| 46 | GLW CORNING INC | Technology | 1.0% | $6.6m | 80,000 | – | new |
| 47 | ITRI ITRON INC | Technology | 1.0% | $6.2m | 50,000 | – | new |
| 48 | ZVRA ZEVRA THERAPEUTICS INC | 1.0% | $6.2m | 650,000 | 44% | added | |
| 49 | TTEK TETRA TECH INC NEW | Industrials | 0.9% | $5.8m | 175,000 | -44% | reduced |
| 50 | HD HOME DEPOT INC | Consumer Cyclical | 0.9% | $5.8m | 14,300 | – | new |
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.