Kingdon Capital Management’s State Street SPDR S&P 500 ETF Trust SPY Stock Holding History

Kingdon Capital Management’s Portfolio SPY Stock Details SPY Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$185M	Buy	+285,000	New	+$194M	20.34%	1
2025 Q3	–	Sell	-40,000	Closed	-$24.7M	–	97
2025 Q2	$24.7M	Sell	40,000 -510,000	-93%	-$292M	3.33%	4
2025 Q1	$308M	Buy	550,000 +525,000	+2,100%	+$309M	32.56%	1
2024 Q4	$14.7M	Sell	25,000 -125,000	-83%	-$73.6M	2.09%	14
2024 Q3	$86.1M	Buy	+150,000	New	+$82.9M	9.54%	1
2024 Q1	–	Sell	-50,000	Closed	-$23.8M	–	105
2023 Q4	$23.8M	Sell	50,000 -200,000	-80%	-$89.1M	2.97%	6
2023 Q3	$107M	Buy	+250,000	New	+$111M	12.31%	1
2022 Q4	–	Sell	-762,500	Closed	-$272M	–	73
2022 Q3	$272M	Buy	762,500 +628,500	+469%	+$250M	34.84%	1
2022 Q2	$50.6M	Sell	134,000 -76,000	-36%	-$31.1M	8.58%	2
2022 Q1	$94.8M	Buy	+210,000	New	+$93.5M	9.88%	2
2021 Q4	–	Sell	-270,000	Closed	-$116M	–	93
2021 Q3	$116M	Buy	270,000 +95,000	+54%	+$41.9M	14.1%	1
2021 Q2	$74.9M	Sell	175,000 -225,000	-56%	-$93.9M	8.68%	1
2021 Q1	$159M	Buy	+400,000	New	+$154M	16.19%	1
2020 Q3	–	Sell	-535,000	Closed	-$165M	–	67
2020 Q2	$165M	Buy	+535,000	New	+$157M	15.01%	1
2020 Q1	–	Sell	-200,000	Closed	-$64.4M	–	63
2019 Q4	$64.4M	Sell	200,000 -46,000	-19%	-$14.2M	9.7%	2
2019 Q3	$73M	Buy	+246,000	New	+$72.7M	8.62%	1
2018 Q4	–	Sell	-204,600	Closed	-$59.5M	–	93
2018 Q3	$59.5M	Sell	204,600 -5,400	-3%	-$1.54M	4.15%	2
2018 Q2	$57M	Buy	+210,000	New	+$56.7M	3.98%	2
2018 Q1	–	Sell	-250,000	Closed	-$66.7M	–	134
2017 Q4	$66.7M	Buy	+250,000	New	+$65M	4.3%	2
2017 Q2	–	Sell	-1,180,000	Closed	-$278M	–	131
2017 Q1	$278M	Buy	1,180,000 +780,000	+195%	+$181M	15.28%	1
2016 Q4	$89.4M	Sell	400,000 -1,363,300	-77%	-$298M	4.32%	2
2016 Q3	$381M	Buy	1,763,300 +1,163,300	+194%	+$251M	17.49%	1
2016 Q2	$126M	Sell	600,000 -400,000	-40%	-$83M	6.91%	3
2016 Q1	$206M	Buy	1,000,000 +250,000	+33%	+$48.8M	11.3%	1
2015 Q4	$153M	Sell	750,000 -50,000	-6%	-$10.3M	7.44%	1
2015 Q3	$153M	Buy	800,000 +500,000	+167%	+$101M	7.39%	2
2015 Q2	$61.8M	Sell	300,000 -650,000	-68%	-$137M	2.41%	7
2015 Q1	$196M	Buy	950,000 +650,000	+217%	+$134M	8.32%	1
2014 Q4	$61.7M	Sell	300,000 -685,000	-70%	-$138M	2.68%	7
2014 Q3	$194M	Sell	985,000 -590,000	-37%	-$117M	8.72%	2
2014 Q2	$308M	Buy	1,575,000 +1,275,000	+425%	+$242M	11.82%	1
2014 Q1	$56.1M	Sell	300,000 -1,170,000	-80%	-$215M	2.86%	6
2013 Q4	$271M	Buy	1,470,000 +780,000	+113%	+$138M	12.44%	1
2013 Q3	$116M	Sell	690,000 -120,000	-15%	-$20.1M	5.69%	1
2013 Q2	$130M	Buy	+810,000	New	+$130M	7.69%	1