KINGDON CAPITAL MANAGEMENT L L C
Q1 2023 Form 13-F

NEW YORK, NEW YORK
CIK 0001000097 · CRD 157509 · SEC-registered investment adviser
$531.8M Reported Value Total

KINGDON CAPITAL MANAGEMENT, L.L.C. reports 7 total accounts under management (AUM). There are 7 discretionary accounts valued at $815,686,434, and 0 non-discretionary accounts.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary Manager
Firm Brochure (Part 2A) Client Relationship Summary (Form CRS)
Private funds (Form ADV)
11 funds · $1.9B gross asset value
Hedge Fund: $1.9B · Other: $7.1M
Source: Form ADV filed 2026-10-05
Reported value
$531.8M
Quarter over quarter
+8.2%
Holdings
45
Top-10 concentration
37.5%

Filing Structure

Reports holdings for

  • M. Kingdon Offshore Master Fund L.P. (not a 13F filer in our records) · File #028-13996 · Q2 2013 – Q1 2019
  • Kingdon Credit Master Fund L.P. (not a 13F filer in our records) · File #028-17903 · Q4 2016 – Q1 2019
  • Kingdon Associates (not a 13F filer in our records) · File #028-10584 · Q2 2013 – Q3 2017
  • Kingdon Family Partnership, L.P. (not a 13F filer in our records) · File #028-10842 · Q2 2013 – Q3 2017

Key People

Form ADV owners & control persons
Mark Elliot Kingdon
MANAGING MEMBER/CHIEF EXECUTIVE OFFICER
William Joseph Walsh
CHIEF FINANCIAL OFFICER
Richard Howard Weinstein
CHIEF OPERATING OFFICER/GENERAL COUNSEL /CHIEF COMPLIANCE OFFICER
Q4 2022
Q2 2023
Go to latest

Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

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Q1 2023 13F filing summary

Period of report March 31, 2023
Filed May 15, 2023
Form 13F-HR
Reported value $531.8M
Positions 45
Change in reported value +5.9%
New positions 15
Exited positions 9
Position turnover 44.4%
Top-10 concentration 37.5%

13F filings by quarter

Quarter Positions Value
Q2 2026 13F
Filed Aug 14, 2026
 57 $976.2M
Q1 2026 13F
Filed May 15, 2026
 52 $911.0M
Q4 2025 13F
Filed Feb 17, 2026
 57 $841.2M
Q3 2025 13F
Filed Nov 14, 2025
 64 $805.7M
Q2 2025 13F
Filed Aug 14, 2025
 54 $742.5M
Q1 2025 13F
Filed May 15, 2025
 54 $944.9M
Q4 2024 13F
Filed Feb 14, 2025
 58 $702.0M
Q3 2024 13F
Filed Nov 14, 2024
 68 $901.8M
Q2 2024 13F
Filed Aug 14, 2024
 64 $933.0M
Q1 2024 13F
Filed May 15, 2024
 69 $915.8M
Q4 2023 13F
Filed Feb 14, 2024
 53 $799.0M
Q3 2023 13F
Filed Nov 14, 2023
 55 $868.3M
Q2 2023 13F
Filed Aug 14, 2023
 55 $1.1B
Q1 2023 13F
Filed May 15, 2023
 45 $531.8M
Q4 2022 13F
Filed Feb 14, 2023
 39 $502.2M
Q3 2022 13F
Filed Nov 14, 2022
 46 $781.8M
Q2 2022 13F
Filed Aug 15, 2022
 56 $589.5M
Q1 2022 13F
Filed May 16, 2022
 66 $959.5M
Q4 2021 13F
Filed Feb 14, 2022
 62 $869.6M
Q3 2021 13F
Filed Nov 15, 2021
 54 $822.0M

33 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q1 2023

# Holding Reported value % of portfolio
1 ISEE IVERIC BIO INC $25.6M 4.82%
2 BWXT BWX TECHNOLOGIES INC $25.6M 4.81%
3 PWR QUANTA SVCS INC $24.1M 4.53%
4 APG API GROUP CORP $21.3M 4.01%
5 XLF C SELECT SECTOR SPDR TR $19.3M 3.63%
6 CRM SALESFORCE INC $17.3M 3.25%
7 META META PLATFORMS INC $17.3M 3.25%
8 LLY P LILLY ELI & CO $17.2M 3.23%
9 RAPT RAPT THERAPEUTICS INC $16.1M 3.02%
10 TAN P INVESCO EXCH TRADED FD TR II $15.5M 2.92%
11 FLEX FLEX LTD $15.3M 2.88%
12 PCG PG&E CORP $15.0M 2.81%
13 PGR PROGRESSIVE CORP $14.3M 2.69%
14 HAS HASBRO INC $13.8M 2.59%
15 FERG FERGUSON PLC NEW $12.7M 2.39%
16 ROG ROGERS CORP $12.3M 2.3%
17 WSC WILLSCOT MOBIL MINI HLDNG CO $11.7M 2.2%
18 BAC C BANK AMERICA CORP $11.4M 2.15%
19 LPLA LPL FINL HLDGS INC $11.1M 2.09%
20 ALL C ALLSTATE CORP $11.1M 2.08%

Values as reported on the Q1 2023 Form 13F. Every position is in the holdings table below.

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