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CIK: 0001000097
Total reported value
$976.2M
$976.2M
62 檔
21.2%
According to the latest 13F quarterly dataset, Kingdon Capital Management, L.l.c. managed an equity portfolio of $976.2M at the end of Q4 2025, spanning 62 distinct U.S. exchange-listed positions.
In Q4 2025, Kingdon Capital Management, L.l.c. adopted a defensive or profit-taking posture, trimming 16 positions and completely liquidating 33 holdings to manage risk exposure.
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SLV | Ishares Silver Trust | ETF-Commodities | 6.51% | — | — | |
| 2 | SNDX | Syndax Pharmaceuticals Inc | Stock-Other | 5.87% | -0.81% | -6.00% | |
| 3 | NVDA | Nvidia CORP | Stock-Tech | 5.76% | +1.09% | +121.28% | |
| 4 | AMD | Advanced Micro Devices | Stock-Tech | 3.37% | — | — | |
| 5 | KEYS | Keysight Technologies In | Stock-Tech | 3.14% | +0.57% | — | |
| 6 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 3.05% | +0.73% | — | |
| 7 | BAC | Bank Of America CORP | Stock-Financials | 3.04% | — | — | |
| 8 | OLMA | Olema Pharmaceuticals Inc | Stock-Other | 2.83% | +0.14% | +11.66% | |
| 9 | NXE | Nexgen Energy LTD | Stock-Other | 2.73% | -0.78% | +14.79% | |
| 10 | WRBY | Warby Parker Inc-class A | Stock-Other | 2.73% | +1.06% | +201.04% | |
| 11 | TAN | Invesco Solar ETF | ETF-Other | 2.63% | +1.67% | NEW | |
| 12 | CRH | CRH plc | Stock-Materials | 2.23% | — | — | |
| 13 | SLNOEUR | Soleno Therapeutics Inc | Stock-Other | 2.20% | -2.11% | EXIT | |
| 14 | EWY | Ishares Msci South Korea ETF | ETF-Other | 2.20% | -0.25% | -41.54% | |
| 15 | SMH | Vaneck Semiconductor ETF | ETF-Other | 2.14% | -1.47% | EXIT | |
| 16 | CART | Maplebear Inc | Stock-Consumer Disc | 2.09% | -0.09% | -13.33% | |
| 17 | ECG | Everus Construction Group | Stock-Industrials | 2.03% | +0.50% | — | |
| 18 | HWM | Howmet Aerospace Inc | Stock-Industrials | 1.95% | -0.12% | +45.45% | |
| 19 | SRAD | Sportradar Group AG | Stock-Other | 1.90% | -1.24% | EXIT | |
| 20 | KKR | Kkr & Co Inc | Stock-Financials | 1.89% | — | -24.24% | |
| 21 | TDY | Teledyne Technologies Inc | Stock-Tech | 1.82% | +0.55% | +100.00% | |
| 22 | APG | Api Group CORP | Stock-Industrials | 1.71% | +0.60% | +15.38% | |
| 23 | FWONK | Liberty Media Corp-formula-c | Stock-Comm Services | 1.64% | — | +75.00% | |
| 24 | WAY | Waystar Holding CORP | Stock-Other | 1.61% | -1.16% | EXIT | |
| 25 | HEI | Heico CORP | Stock-Industrials | 1.54% | -0.11% | — | |
| 26 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.45% | +0.53% | -5.88% | |
| 27 | WWW | Wolverine World Wide Inc | Stock-Other | 1.42% | +0.04% | +407.72% | |
| 28 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.40% | — | +25.00% | |
| 29 | TAP | Molson Coors Beverage Co - B | Stock-Consumer Staples | 1.33% | — | — | |
| 30 | RAL | Ralliant CORP | Stock-Tech | 1.33% | -0.01% | — | |
| 31 | WMT | Walmart Inc | Stock-Consumer Staples | 1.32% | — | — | |
| 32 | UPST | Upstart Holdings Inc | Stock-Financials | 1.30% | — | — | |
| 33 | CARR | Carrier Global CORP | Stock-Industrials | 1.26% | — | — | |
| 34 | LOAR | Loar Holdings Inc | Stock-Other | 1.21% | — | — | |
| 35 | ULS | Ul Solutions Inc - Class A | Stock-Industrials | 1.17% | — | — | |
| 36 | NXPI | NXP Semiconductors N.V. | Stock-Tech | 1.16% | — | -5.26% | |
| 37 | ALDX | Aldeyra Therapeutics Inc | Stock-Other | 1.14% | +0.18% | +38.91% | |
| 38 | AHR | American Healthcare Reit Inc | Stock-Real Estate | 1.12% | -0.62% | — | |
| 39 | WELL | Welltower Inc | Stock-Real Estate | 1.10% | -0.51% | -16.67% | |
| 40 | ICLR | ICON Public Limited Company | Stock-Healthcare | 1.10% | -1.28% | EXIT | |
| 41 | HCI | Hci Group Inc | Stock-Other | 1.03% | — | -51.35% | |
| 42 | ILMN | Illumina Inc | Stock-Healthcare | 0.98% | +1.76% | NEW | |
| 43 | RDNT | Radnet Inc | Stock-Healthcare | 0.93% | — | — | |
| 44 | AXON | Axon Enterprise Inc | Stock-Industrials | 0.91% | -0.68% | EXIT | |
| 45 | ALC | Alcon Inc. | Stock-Healthcare | 0.83% | — | +53.88% | |
| 46 | USFD | US Foods Holding CORP | Stock-Consumer Staples | 0.76% | — | — | |
| 47 | FLEX | Flex Ltd. | Stock-Tech | 0.68% | +0.23% | -45.71% | |
| 48 | HIMS | Hims & Hers Health Inc | Stock-Healthcare | 0.66% | +1.93% | NEW | |
| 49 | PRM | Perimeter Solutions Inc | Stock-Other | 0.65% | — | — | |
| 50 | ZVRA | Zevra Therapeutics Inc | Stock-Other | 0.62% | +0.35% | -9.99% |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +3% | +121.28% | Add |
| 2 | OLMA | Olema Pharmaceuticals Inc | +1.8% | +11.66% | Add |
| 3 | WRBY | Warby Parker Inc-class A | +1.5% | +201.04% | Add |
| 4 | SNDX | Syndax Pharmaceuticals Inc | +1.1% | -6.00% | Trim |
| 5 | WWW | Wolverine World Wide Inc | +1% | +407.72% | Add |
| 6 | TDY | Teledyne Technologies Inc | +0.7% | +100.00% | Add |
| 7 | HWM | Howmet Aerospace Inc | +0.6% | +45.45% | Add |
| 8 | FWONK | Liberty Media Corp-formula-c | +0.6% | +75.00% | Add |
| 9 | GOOGL | Alphabet Inc-cl A | +0.5% | +25.00% | Add |
| 10 | SRAD | Sportradar Group AG | +0.3% | +42.19% | Add |
| 11 | APG | Api Group CORP | +0.3% | +15.38% | Add |
| 12 | NXE | Nexgen Energy LTD | +0.3% | +14.79% | Add |
| 13 | ALC | Alcon Inc. | +0.3% | +53.88% | Add |
| 14 | ALDX | Aldeyra Therapeutics Inc | +0.3% | +38.91% | Add |
| 15 | RAL | Ralliant CORP | +0.1% | — | Unchanged |
| 16 | ULS | Ul Solutions Inc - Class A | +0.1% | — | Unchanged |
| 17 | CART | Maplebear Inc | 0% | -13.33% | Trim |
| 18 | WMT | Walmart Inc | 0% | — | Unchanged |
| 19 | AXON | Axon Enterprise Inc | 0% | +35.00% | Add |
| 20 | CRH | CRH plc | — | — | Unchanged |
| 21 | TAP | Molson Coors Beverage Co - B | 0% | — | Unchanged |
| 22 | TSM | Taiwan Semiconductor-sp Adr | 0% | -5.88% | Trim |
| 23 | NB | Niocorp Developments LTD | -0.1% | — | Unchanged |
| 24 | HEI | Heico CORP | -0.1% | — | Unchanged |
| 25 | ✓ | Envveno Medical CORP | -0.1% | -6.87% | Trim |
| 26 | ECG | Everus Construction Group | -0.1% | — | Unchanged |
| 27 | TTEK | Tetra Tech Inc | -0.1% | -14.29% | Trim |
| 28 | ZVRA | Zevra Therapeutics Inc | -0.2% | -9.99% | Trim |
| 29 | NXPI | NXP Semiconductors N.V. | -0.2% | -5.26% | Trim |
| 30 | ITRI | Itron Inc | -0.2% | — | Unchanged |
| 31 | WELL | Welltower Inc | -0.2% | -16.67% | Trim |
| 32 | WDC | Western Digital CORP | -0.3% | -50.00% | Trim |
| 33 | LOAR | Loar Holdings Inc | -0.3% | — | Unchanged |
| 34 | SLNOEUR | Soleno Therapeutics Inc | -0.3% | +32.86% | Add |
| 35 | FLEX | Flex Ltd. | -0.6% | -45.71% | Trim |
| 36 | PCT | Purecycle Technologies Inc | -0.7% | -63.83% | Trim |
| 37 | SMH | Vaneck Semiconductor ETF | -0.7% | -28.57% | Trim |
| 38 | CW | Curtiss-wright CORP | -0.7% | -60.00% | Trim |
| 39 | KKR | Kkr & Co Inc | -0.8% | -24.24% | Trim |
| 40 | EWY | Ishares Msci South Korea ETF | -1% | -41.54% | Trim |
| 41 | HCI | Hci Group Inc | -1.2% | -51.35% | Trim |
| 42 | SLV | Ishares Silver Trust | — | NEW | New buy |
| 43 | QQQ | Invesco Qqq Trust Series 1 | — | EXIT | Sold out |
| 44 | AMD | Advanced Micro Devices | — | NEW | New buy |
| 45 | KEYS | Keysight Technologies In | — | NEW | New buy |
| 46 | BABA | Alibaba Group Holding-sp Adr | — | NEW | New buy |
| 47 | BAC | Bank Of America CORP | — | NEW | New buy |
| 48 | TAN | Invesco Solar ETF | — | NEW | New buy |
| 49 | MOH | Molina Healthcare Inc | — | EXIT | Sold out |
| 50 | EW | Edwards Lifesciences CORP | — | EXIT | Sold out |
According to official SEC Form 13F filings, Kingdon Capital Management, L.l.c. reported a total U.S. public equity portfolio value of $976.2M across 62 disclosed positions in Q4 2025.
Expert Analysis & Guides for Tracking Wall Street Smart Money Movements
Learn how SEC Form 13F filings work, the $100M threshold, 45-day reporting lag, and how to track top hedge fund holdings.
In terms of portfolio concentration, the top 5 core holdings (including SLV, SNDX, NVDA) accounted for 21.2% of total reported equity market value during Q4 2025.
Top New Position Initiated
SLV
市值: $54.8M
Top Position Liquidated / Trimmed
QQQ
前期市值: $51.0M
During Q4 2025, Kingdon Capital Management, L.l.c.'s top holdings by market value included SLV (6.5%)、SNDX (5.9%)、NVDA (5.8%). The largest single position, SLV, represented 6.5% of total portfolio value.
In Q4 2025, Kingdon Capital Management, L.l.c. made 85 total portfolio adjustments, initiating 21 new buys, adding to 15 positions, trimming 16 holdings, and fully liquidating 33 stocks.
All holding records on this page are fetched directly from the U.S. Securities and Exchange Commission (SEC) EDGAR system (Form 13F-HR). AlphaSMO parses CUSIP identifiers and formats data into Schema.org-compliant datasets.
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