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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
+5.29%
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
$911M
AUM Growth
+$69.8M
Cap. Flow
-$41.2M
Cap. Flow %
-4.52%
Top 10 Hldgs %
47.45%
Holding
100
New
32
Increased
17
Reduced
12
Closed
33

Top Buys

Rank Stock Value
1
GTX icon
Garrett Motion
GTX
+$13.1M
2
AER icon
AerCap
AER
+$12.9M
3
ICLN icon
iShares Global Clean Energy ETF
ICLN
+$12.7M
4
VSEC icon
VSE Corp
VSEC
+$12.2M
5
BKD icon
Brookdale Senior Living
BKD
+$11.9M

Top Sells

Rank Stock Value
1
CRH icon
CRH
CRH
+$18.7M
2
AMD icon
Advanced Micro Devices
AMD
+$15M
3
FWONK icon
Liberty Media Series C
FWONK
+$13.8M
4
KEYS icon
Keysight
KEYS
+$12.5M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$11.7M

Sector Composition

Rank Sector Weight
1 Miscellaneous 36.87%
2 Healthcare 19%
3 Technology 15.04%
4 Industrials 13.85%
5 Consumer Discretionary 7.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$825B
$185M 20.34%
+285,000
New +$194M
SNDX icon
2
Syndax Pharmaceuticals
SNDX
$1.74B
$58.4M 6.41%
2,500,000
+150,000
+6% +$3.26M
NVDA icon
3
NVIDIA
NVDA
$5.25T
$34.9M 3.83%
200,000
+55,000
+38% +$10.1M
NXE icon
4
NexGen Energy
NXE
$6.97B
$29M 3.18%
2,500,000
– –
IWM icon
5
PUT
iShares Russell 2000 ETF
IWM
$80.8B
$24.8M 2.72%
+100,000
New +$25.8M
KEYS icon
6
Keysight
KEYS
$54.5B
$22.6M 2.48%
80,000
-50,000
-38% -$12.5M
WRBY icon
7
Warby Parker
WRBY
$3.09B
$22.2M 2.44%
1,053,644
– –
SLNO
8
DELISTED
Soleno Therapeutics
SLNO
$19.3M 2.11%
575,000
+175,100
+44% +$6.87M
APG icon
9
APi Group
APG
$17.2B
$18.2M 2%
450,000
+75,000
+20% +$3.18M
CART icon
10
Maplebear
CART
$11.7B
$17.6M 1.93%
470,000
+80,000
+21% +$3.03M
HWM icon
11
Howmet Aerospace
HWM
$106B
$16.1M 1.77%
70,000
-10,000
-13% -$2.33M
MTUM icon
12
PUT
iShares MSCI USA Momentum Factor ETF
MTUM
$24.4B
$15.6M 1.71%
+65,000
New +$16.3M
TSM icon
13
TSMC
TSM
$2.17T
$15.2M 1.67%
45,000
+5,000
+13% +$1.72M
EWY icon
14
PUT
iShares MSCI South Korea ETF
EWY
$28B
$14.8M 1.62%
120,000
+45,000
+60% +$5.63M
ECG
15
Everus Construction Group
ECG
$5.91B
$14.8M 1.62%
125,000
-75,000
-38% -$7.76M
AHR icon
16
American Healthcare REIT
AHR
$12.1B
$14.1M 1.55%
300,000
+100,000
+50% +$4.96M
SMH icon
17
PUT
VanEck Semiconductor ETF
SMH
$65.6B
$13.4M 1.47%
35,000
-15,000
-30% -$5.96M
ICLN icon
18
iShares Global Clean Energy ETF
ICLN
$2.19B
$12.8M 1.41%
+700,000
New +$12.7M
OLMA icon
19
Olema Pharmaceuticals
OLMA
$899M
$12.7M 1.4%
855,000
-98,600
-10% -$2.19M
GTX icon
20
Garrett Motion
GTX
$4.97B
$12.7M 1.4%
+700,000
New +$13.1M
AER icon
21
AerCap
AER
$23.2B
$12.3M 1.36%
+90,000
New +$12.9M
DAR icon
22
Darling Ingredients
DAR
$10.1B
$11.8M 1.29%
+190,000
New +$9.36M
ICLR icon
23
Icon
ICLR
$13.1B
$11.7M 1.28%
105,300
+54,700
+108% +$7.47M
BKD icon
24
Brookdale Senior Living
BKD
$2.8B
$11.6M 1.28%
+850,000
New +$11.9M
FLEX icon
25
Flex
FLEX
$40.8B
$11.5M 1.26%
175,000
+80,000
+84% +$5.12M
1
2 3 4

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Kingdon Capital Management's Q1 2026 Portfolio in Review

As of Q1 2026, Kingdon Capital Management held 100 positions worth $911M, up 8.3% from $841M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Kingdon Capital Management withdrew a net $41.2M in Q1 2026, closing 33 positions and reducing 12 holdings. Its most notable exit was CRH, an estimated $18.7M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 37% of assets, up from 24% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Kingdon Capital Management opened a new position in Garrett Motion worth $12.7M.

  • Kingdon Capital Management's largest Q1 2026 buy was Garrett Motion: 700,000 shares worth $12.7M.
  • Kingdon Capital Management added most to NVIDIA in Q1 2026, an estimated $10.1M increase.
  • Kingdon Capital Management's biggest Q1 2026 reduction was Keysight, cutting an estimated $12.5M.
  • Kingdon Capital Management fully exited CRH in Q1 2026, selling an estimated $18.7M.
  • Kingdon Capital Management's ten largest holdings make up 47% of its $911M portfolio in Q1 2026.
  • Kingdon Capital Management opened 32 new positions and closed 33 in Q1 2026.
  • Kingdon Capital Management's portfolio value rose 8.3% quarter-over-quarter to $911M.

Based on Kingdon Capital Management's 13F filing for Q1 2026, filed 15 May 2026.