KINGDON CAPITAL MANAGEMENT, L.L.C.
SEC Form 13F institutional filer · CIK 0001000097
13F-HR · 10 reported holdings · 2026-03-31
Reported long-US-equity value
$0.14B
Top-10 concentration
100.0%
KINGDON CAPITAL MANAGEMENT, L.L.C. — $140M AUM allocation strategy
KINGDON CAPITAL MANAGEMENT, L.L.C. files SEC Form 13F and reports $140M of long US equity value across 10 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 56.8%, followed by Industrials 15.9% and Real Estate 14.5%.
The top 10 holdings account for 100% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
KINGDON CAPITAL MANAGEMENT, L.L.C. — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$140M
total across 10 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
100% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$FLEX +80K sh · +$5.72M+$NVDA +55K sh · +$7.84M+$O +30K sh · −$803K
Biggest trims (shares)
−$KEYS −50K sh · −$3.83M−$TDY −12.5K sh · −$4.73M−$HWM −10K sh · −$269K
Exited to nil (held last quarter, gone now)
$CRH ($18.7M last qtr)$AMD ($15M last qtr)$GOOG ($11.7M last qtr)$TAP ($11.2M last qtr)$WMT ($11.1M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Semiconductors24.9%—
- Electronic Equipment & Instruments23.7%—
- Aerospace & Defense15.9%—
- Asset Management & Custody Banks9.2%—
- Electronic Manufacturing Services8.2%—
- Retail REITs7.4%—
- Health Care REITs7.1%—
- Home Improvement Retail3.6%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $NVDA | NVIDIA Corporation | 200K | $34.9M | +55K | 24.9% |
| $KEYS | Keysight Technologies Inc | 80K | $22.6M | -50K | 16.1% |
| $HWM | Howmet Aerospace Inc | 70K | $16.1M | -10K | 11.5% |
| $BLK | BlackRock Inc | 700K | $12.8M | — | 9.2% |
| $FLEX | Flex Ltd | 175K | $11.5M | +80K | 8.2% |
| $TDY | Teledyne Technologies Incorporated | 17.5K | $10.6M | -12.5K | 7.6% |
| $O | Realty Income Corporation | 250K | $10.4M | +30K | 7.4% |
| $WELL | Welltower Inc | 50K | $9.89M | +0 | 7.1% |
| $AXON | Axon Enterprise Inc | 14.5K | $6.16M | +1K | 4.4% |
| $LOW | Lowe's Companies Inc | 21.3K | $5.02M | — | 3.6% |
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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