KCM

Kingdon Capital Management Portfolio holdings

AUM $976M Turnover 59%
1-Year Est. Return 66.76%
This Fund
S&P 500
This Quarter Est. Return
+16.19%
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
$1.06B
AUM Growth
+$527M
Cap. Flow
+$89.4M
Cap. Flow %
8.45%
Top 10 Hldgs %
42.03%
Holding
100
New
43
Increased
19
Reduced
8
Closed
21
Avg Time Held Equity + Options
0.6 years
Top 10 Avg Time Held Equity + Options
0.2 years
Top 20 Avg Time Held Equity + Options
0.4 years
Avg Time Held Equity only
0.9 years
Top 10 Avg Time Held Equity only
0.6 years
Top 20 Avg Time Held Equity only
0.5 years

Top Buys

Rank Stock Value
1
CTLT icon
CATALENT, INC.
CTLT
+$21M
2
TCOM icon
Trip.com Group
TCOM
+$19.3M
3
CI icon
Cigna
CI
+$19.1M
4
XPO icon
XPO
XPO
+$17.5M
5
CCJ icon
Cameco
CCJ
+$14.3M

Top Sells

Rank Stock Value
1
PWR icon
Quanta Services
PWR
+$15.7M
2
PCG icon
PG&E
PCG
+$15M
3
PGR icon
Progressive
PGR
+$14.3M
4
FERG icon
Ferguson
FERG
+$12.7M
5
LPLA icon
LPL Financial
LPLA
+$11.1M

Sector Composition

Rank Sector Weight
1 Miscellaneous 46.2%
2 Industrials 16.34%
3 Healthcare 14.24%
4 Technology 8.78%
5 Consumer Discretionary 5.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
QQQ icon
1
PUT
Invesco QQQ Trust
QQQ
$488B
$148M 13.96%
+400,000
New +$135M
2023 Q2
0 quarters
IWM icon
2
PUT
iShares Russell 2000 ETF
IWM
$76.4B
$78.7M 7.43%
+420,000
New +$74.9M
2023 Q2
0 quarters
ISEE
3
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
$38.6M 3.64%
980,050
-72,950
-7% -$2.57M
2022 Q4
2 quarters
BX icon
4
CALL
Blackstone
BX
$79.7B
$37.2M 3.51%
+400,000
New +$34.6M
2023 Q2
0 quarters
META icon
5
Meta Platforms (Facebook)
META
$1.88T
$26.5M 2.51%
92,500
+11,000
+13% +$2.71M
2023 Q1
1 quarter
APG icon
6
APi Group
APG
$17.3B
$24.5M 2.32%
1,349,223
-75,000
-5% -$1.16M
2020 Q2
12 quarters
BWXT icon
7
BWX Technologies
BWXT
$12.3B
$24.4M 2.3%
340,509
-65,491
-16% -$4.28M
2022 Q3
3 quarters
MET icon
8
CALL
MetLife
MET
$63.4B
$23.7M 2.24%
+420,000
New +$23.3M
2023 Q2
0 quarters
XPO icon
9
XPO
XPO
$21.7B
$22.8M 2.15%
+386,000
New +$17.5M
2023 Q2
0 quarters
CTLT icon
10
DELISTED
CATALENT, INC.
CTLT
$20.8M 1.96%
+479,100
New +$21M
2023 Q2
0 quarters
CI icon
11
Cigna
CI
$76.5B
$20.6M 1.95%
+73,500
New +$19.1M
2023 Q2
0 quarters
META icon
12
PUT
Meta Platforms (Facebook)
META
$1.88T
$20.5M 1.94%
71,500
+41,500
+138% +$10.2M
2023 Q1
1 quarter
HAS icon
13
Hasbro
HAS
$13.5B
$20.5M 1.94%
316,750
+60,000
+23% +$3.5M
2023 Q1
1 quarter
TCOM icon
14
Trip.com Group
TCOM
$24.5B
$19.4M 1.83%
+554,000
New +$19.3M
2023 Q2
0 quarters
RAPT icon
15
DELISTED
RAPT Therapeutics
RAPT
$18.7M 1.77%
125,000
+15,502
+14% +$2.41M
2020 Q4
10 quarters
ITB icon
16
PUT
iShares US Home Construction ETF
ITB
$2.32B
$17.1M 1.61%
+200,000
New +$15.2M
2023 Q2
0 quarters
XLF icon
17
PUT
State Street Financial Select Sector SPDR ETF
XLF
$50.7B
$16.9M 1.59%
+500,000
New +$16.3M
2023 Q2
0 quarters
FTAI icon
18
FTAI Aviation
FTAI
$16.8B
$16.4M 1.55%
517,200
+242,200
+88% +$6.87M
2023 Q1
1 quarter
KRE icon
19
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$3.25B
$16.3M 1.54%
+400,000
New +$16.4M
2023 Q2
0 quarters
FLEX icon
20
Flex
FLEX
$37.1B
$16.2M 1.53%
776,295
-106,160
-12% -$1.89M
2023 Q1
1 quarter
CCJ icon
21
Cameco
CCJ
$35.5B
$16M 1.51%
+510,000
New +$14.3M
2023 Q2
0 quarters
PANW icon
22
Palo Alto Networks
PANW
$307B
$15.3M 1.45%
120,000
+11,000
+10% +$1.14M
2021 Q4
6 quarters
JPM icon
23
PUT
JPMorgan Chase
JPM
$890B
$14.5M 1.37%
+100,000
New +$13.8M
2023 Q2
0 quarters
BAC icon
24
CALL
Bank of America
BAC
$359B
$14.3M 1.36%
500,000
+100,000
+25% +$2.85M
2022 Q4
2 quarters
TAN icon
25
CALL
Invesco Solar ETF
TAN
$874M
$14.3M 1.35%
+200,000
New +$14.4M
2023 Q2
0 quarters
1
2 3 4

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Kingdon Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Kingdon Capital Management held 100 positions worth $1.06B, up 99% from $532M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Kingdon Capital Management deployed $89.4M of net new capital in Q2 2023, opening 43 new positions and adding to 19 existing holdings. Its largest new stake was CATALENT, INC.: 479,100 shares worth $20.8M.

By sector, the portfolio is most concentrated in Miscellaneous at 46% of assets, up from 20% a quarter earlier, followed by Industrials and Healthcare.

On the sell side, the largest reduction was Quanta Services, an estimated $15.7M trimmed.

  • Kingdon Capital Management's largest Q2 2023 buy was CATALENT, INC.: 479,100 shares worth $20.8M.
  • Kingdon Capital Management added most to FTAI Aviation in Q2 2023, an estimated $6.87M increase.
  • Kingdon Capital Management's biggest Q2 2023 reduction was Quanta Services, cutting an estimated $15.7M.
  • Kingdon Capital Management fully exited PG&E in Q2 2023, selling an estimated $15M.
  • Kingdon Capital Management's ten largest holdings make up 42% of its $1.06B portfolio in Q2 2023.
  • Kingdon Capital Management opened 43 new positions and closed 21 in Q2 2023.
  • Kingdon Capital Management's portfolio value rose 99% quarter-over-quarter to $1.06B.

Based on Kingdon Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.