KINGDON CAPITAL MANAGEMENT, L.L.C.

Q3 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
77
Total value ($000)
$805,723
Net value change ($000)
+63,198 (8.5%)
New positions
28
Sold out positions
18
Turnover %
63.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
MOH 21,088 NEW
SLNO 20,348 NEW
SNDX 18,796 95.6%
MSFT 14,244 NEW
EW 12,410 173.8%
META 11,750 NEW
SKY 11,456 NEW
NXPI 10,817 NEW
HWM 10,793 NEW
ETR 10,717 NEW
Top Reduces (Value $000, Stocks/ETFs)
SNDK -16,780 -100.0%
WM -16,017 -100.0%
TOL -15,408 -100.0%
MMM -15,224 -100.0%
AJG -14,405 -100.0%
PKG -13,192 -100.0%
JPM -10,147 -100.0%
OKTA -9,997 -100.0%
RDNT -9,845 -100.0%
IMAX -9,469 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 167,500 (20.8% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type