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KCM

Kingdon Capital Management Portfolio holdings

AUM $976M
1-Year Est. Return 66.76%
This Fund
S&P 500
This Quarter Est. Return
+22.5%
1 Year Est. Return
+66.76%
3 Year Est. Return
+217.15%
5 Year Est. Return
+352.97%
10 Year Est. Return
+2,412.55%
AUM
$664M
AUM Growth
-$183M
Cap. Flow
-$219M
Cap. Flow %
-32.96%
Top 10 Hldgs %
55.23%
Holding
79
New
18
Increased
15
Reduced
15
Closed
24

Top Buys

Rank Stock Value
1
ALLY icon
Ally Financial
ALLY
+$22.3M
2
CROX icon
Crocs
CROX
+$15.1M
3
VRT icon
Vertiv
VRT
+$14.1M
4
MOMO
Hello Group
MOMO
+$12.1M
5
FAST icon
Fastenal
FAST
+$9.65M

Top Sells

Rank Stock Value
1
MPC icon
Marathon Petroleum
MPC
+$30.6M
2
ARMK icon
Aramark
ARMK
+$26.4M
3
BABA icon
Alibaba
BABA
+$22.5M
4
ARGX icon
argenx
ARGX
+$21M
5
MSI icon
Motorola Solutions
MSI
+$20.9M

Sector Composition

Rank Sector Weight
1 Healthcare 28.33%
2 Miscellaneous 20.1%
3 Consumer Discretionary 13.24%
4 Technology 8.87%
5 Industrials 8.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BHVN
1
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
$68.5M 10.31%
1,257,720
+100,946
+9% +$5M
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$825B
$64.4M 9.7%
200,000
-46,000
-19% -$14.2M
CCK icon
3
Crown Holdings
CCK
$12.9B
$35.4M 5.33%
487,507
+96,884
+25% +$6.91M
XBI icon
4
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.3B
$33.3M 5.01%
350,000
+190,000
+119% +$16.4M
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$4.24T
$32.3M 4.87%
482,560
-31,980
-6% -$2.06M
CZR icon
6
Caesars Entertainment
CZR
$6.06B
$31.6M 4.77%
530,401
-125,000
-19% -$6.19M
AERI
7
DELISTED
Aerie Pharmaceuticals
AERI
$29.6M 4.46%
1,224,825
+414,337
+51% +$8.58M
CSTM icon
8
Constellium
CSTM
$3.66B
$27.8M 4.19%
2,077,925
+10,745
+0.5% +$148K
MSFT icon
9
Microsoft
MSFT
$3.81T
$21.9M 3.31%
139,167
-78,300
-36% -$11.5M
ALLY icon
10
Ally Financial
ALLY
$12.8B
$21.8M 3.29%
+714,040
New +$22.3M
FLXN
11
DELISTED
Flexion Therapeutics, Inc.
FLXN
$20.4M 3.07%
983,924
– –
CROX icon
12
Crocs
CROX
$5.86B
$18.1M 2.73%
+433,213
New +$15.1M
ATNX
13
DELISTED
Athenex, Inc. Common Stock
ATNX
$17.6M 2.65%
57,500
+30,681
+114% +$8.11M
RPD icon
14
Rapid7
RPD
$896M
$17.5M 2.63%
312,168
+17,699
+6% +$921K
VRT icon
15
Vertiv
VRT
$99B
$14.9M 2.24%
+1,347,647
New +$14.1M
WSC icon
16
WillScot Mobile Mini Holdings
WSC
$3.79B
$14.6M 2.2%
790,952
+59,652
+8% +$1M
MDCO
17
PUT
DELISTED
Medicines Co
MDCO
$12.7M 1.92%
+150,000
New +$10M
NOMD icon
18
Nomad Foods
NOMD
$1.66B
$12.4M 1.87%
553,577
-52,342
-9% -$1.07M
XLC icon
19
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.8B
$12.1M 1.82%
+225,000
New +$11.6M
PR
20
Permian Resources
PR
$19B
$11.8M 1.77%
+2,550,000
New +$9.32M
MOMO
21
Hello Group
MOMO
$845M
$11.4M 1.71%
+339,149
New +$12.1M
UNP icon
22
Union Pacific
UNP
$183B
$10.5M 1.58%
58,008
-45,059
-44% -$7.71M
FAST icon
23
Fastenal
FAST
$57.1B
$9.98M 1.5%
+540,000
New +$9.65M
SLGL icon
24
Sol-Gel Technologies
SLGL
$225M
$9.8M 1.48%
57,138
– –
PTCT icon
25
PTC Therapeutics
PTCT
$5.85B
$9.78M 1.47%
203,711
+20,592
+11% +$875K
1
2 3 4

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Kingdon Capital Management's Q4 2019 Portfolio in Review

As of Q4 2019, Kingdon Capital Management held 79 positions worth $664M, down 22% from $847M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Kingdon Capital Management withdrew a net $219M in Q4 2019, closing 24 positions and reducing 15 holdings. Its most notable exit was Marathon Petroleum, an estimated $30.6M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 28% of assets, up from 22% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.

Against the trend, Kingdon Capital Management opened a new position in Ally Financial worth $21.8M.

  • Kingdon Capital Management's largest Q4 2019 buy was Ally Financial: 714,040 shares worth $21.8M.
  • Kingdon Capital Management added most to Aerie Pharmaceuticals in Q4 2019, an estimated $8.58M increase.
  • Kingdon Capital Management's biggest Q4 2019 reduction was Regeneron Pharmaceuticals, cutting an estimated $20.4M.
  • Kingdon Capital Management fully exited Marathon Petroleum in Q4 2019, selling an estimated $30.6M.
  • Kingdon Capital Management's ten largest holdings make up 55% of its $664M portfolio in Q4 2019.
  • Kingdon Capital Management opened 18 new positions and closed 24 in Q4 2019.
  • Kingdon Capital Management's portfolio value fell 22% quarter-over-quarter to $664M.

Based on Kingdon Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.