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KINGDON CAPITAL MANAGEMENT, L.L.C.

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13F filer, CIK 1000097, NEW YORK, NY

KINGDON CAPITAL MANAGEMENT, L.L.C. reported $805,723,229 across 77 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 33.3% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001000097-25-000022

Period
2025-09-30
Reported value
$806M
Holdings
77
Top 10 weight
33.3%
New
39
Sold out
29

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MOHnew+110,200$21.1M
SLNOnew+301,000$20.3M
MSFTnew+27,500$14.2M
EWadded+160,100$12.5M
METAnew+16,000$11.8M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
SNDKexited-370,000-$16.8M
WMexited-70,000-$16M
TOLexited-135,000-$15.4M
MMMexited-100,000-$15.2M
AJGexited-45,000-$14.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001000097-25-000022, largest first. % of portfolio is the value over $638,225,029, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SNDXSYNDAX PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,000,000 shares; 2024Q4: 2,000,000 shares; 2025Q1: 2,000,000 shares; 2025Q2: 2,100,000 shares; 2025Q3: 2,500,000 shares 2,500,000$38.5M6.03%+400,000Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 150,000 shares; 2025Q2: 136,500 shares; 2025Q3: 117,500 shares 117,500$21.9M3.44%-19,000Timeline
MOHMOLINA HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 110,200 shares 110,200$21.1M3.3%newTimeline
SLNOSOLENO THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 301,000 shares 301,000$20.3M3.19%newTimeline
EWEDWARDS LIFESCIENCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 91,300 shares; 2025Q3: 251,400 shares 251,400$19.6M3.06%+160,100Timeline
NXENEXGEN ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,777,837 shares; 2024Q4: 1,777,837 shares; 2025Q1: 1,877,837 shares; 2025Q2: 1,977,837 shares; 2025Q3: 2,177,837 shares 2,177,837$19.5M3.05%+200,000Timeline
HUMHUMANA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 41,792 shares; 2025Q2: 64,600 shares; 2025Q3: 70,600 shares 70,600$18.4M2.88%+6,000Timeline
BLDRBUILDERS FIRSTSOURCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 128,500 shares; 2025Q3: 150,000 shares 150,000$18.2M2.85%+21,500Timeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 185,000 shares; 2024Q4: 185,000 shares; 2025Q1: 220,000 shares; 2025Q2: 200,000 shares; 2025Q3: 150,000 shares 150,000$18M2.82%-50,000Timeline
ECGEVERUS CONSTR GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 260,000 shares; 2025Q1: 250,000 shares; 2025Q2: 200,000 shares; 2025Q3: 200,000 shares 200,000$17.1M2.69%0Timeline
CARTMAPLEBEAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 320,000 shares; 2025Q1: 330,000 shares; 2025Q2: 320,000 shares; 2025Q3: 450,000 shares 450,000$16.5M2.59%+130,000Timeline
GMEDGLOBUS MED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 151,300 shares; 2025Q2: 170,000 shares; 2025Q3: 257,650 shares 257,650$14.8M2.31%+87,650Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,000 shares; 2024Q4: 18,000 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 27,500 shares 27,500$14.2M2.23%newTimeline
HEIHEICO CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,000 shares; 2024Q4: 60,000 shares; 2025Q1: 45,000 shares; 2025Q2: 40,000 shares; 2025Q3: 40,000 shares 40,000$12.9M2.02%0Timeline
SRADSPORTRADAR GROUP AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 400,000 shares; 2025Q3: 474,000 shares 474,000$12.8M2%+74,000Timeline
LOARLOAR HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 75,000 shares; 2025Q1: 100,000 shares; 2025Q2: 145,000 shares; 2025Q3: 150,000 shares 150,000$12M1.88%+5,000Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,000 shares; 2024Q4: 75,000 shares; 2025Q1: 52,500 shares; 2025Q2: 42,500 shares; 2025Q3: 42,500 shares 42,500$11.9M1.86%0Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,500 shares; 2024Q4: 22,500 shares; 2025Q1: 18,000 shares; 2025Q2: not reported; 2025Q3: 16,000 shares 16,000$11.8M1.84%newTimeline
SKYCHAMPION HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 150,000 shares 150,000$11.5M1.79%newTimeline
APGAPI GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 450,000 shares; 2024Q4: not reported; 2025Q1: 275,000 shares; 2025Q2: 225,000 shares; 2025Q3: 325,000 shares 325,000$11.2M1.75%+100,000Timeline
TAPMOLSON COORS BEVERAGE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 288,200 shares; 2024Q4: 288,200 shares; 2025Q1: 240,200 shares; 2025Q2: 240,200 shares; 2025Q3: 240,200 shares 240,200$10.9M1.7%0Timeline
NXPINXP SEMICONDUCTORS N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 47,500 shares 47,500$10.8M1.69%newTimeline
EWYISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 200,000 shares; 2025Q3: 135,000 shares 135,000$10.8M1.69%-65,000Timeline
HWMHOWMET AEROSPACE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 55,000 shares 55,000$10.8M1.69%newTimeline
ETRENTERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 115,000 shares 115,000$10.7M1.68%newTimeline
WELLWELLTOWER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 55,000 shares; 2025Q3: 60,000 shares 60,000$10.7M1.67%+5,000Timeline
WMTWALMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 130,500 shares; 2024Q4: not reported; 2025Q1: 100,000 shares; 2025Q2: 100,000 shares; 2025Q3: 100,000 shares 100,000$10.3M1.61%0Timeline
FLEXFLEX LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,000 shares; 2024Q4: 220,000 shares; 2025Q1: 270,000 shares; 2025Q2: 240,000 shares; 2025Q3: 175,000 shares 175,000$10.1M1.59%-65,000Timeline
WRBYWARBY PARKER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 350,000 shares 350,000$9.65M1.51%newTimeline
RALRALLIANT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 220,000 shares 220,000$9.62M1.51%newTimeline
CWCURTISS WRIGHT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,000 shares; 2024Q4: 35,000 shares; 2025Q1: 30,000 shares; 2025Q2: 17,500 shares; 2025Q3: 17,500 shares 17,500$9.5M1.49%0Timeline
PANWPALO ALTO NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 45,000 shares 45,000$9.16M1.44%newTimeline
ULSUL SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 115,000 shares; 2025Q3: 125,000 shares 125,000$8.86M1.39%+10,000Timeline
TDYTELEDYNE TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 15,000 shares 15,000$8.79M1.38%newTimeline
MIRMIRION TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 400,000 shares; 2025Q1: 450,000 shares; 2025Q2: 425,000 shares; 2025Q3: 375,000 shares 375,000$8.72M1.37%-50,000Timeline
ICEINTERCONTINENTAL EXCHANGE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 50,000 shares 50,000$8.42M1.32%newTimeline
OLMAOLEMA PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 854,000 shares 854,000$8.36M1.31%newTimeline
FWONKLIBERTY MEDIA CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 80,000 shares 80,000$8.36M1.31%newTimeline
HCIHCI GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 26,001 shares; 2025Q2: 35,000 shares; 2025Q3: 42,500 shares 42,500$8.16M1.28%+7,500Timeline
CNMCORE & MAIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 150,000 shares 150,000$8.07M1.27%newTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 30,000 shares 30,000$7.29M1.14%newTimeline
PCTPURECYCLE TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 491,000 shares; 2025Q3: 553,000 shares 553,000$7.27M1.14%+62,000Timeline
WDCWESTERN DIGITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 210,000 shares; 2025Q1: 150,000 shares; 2025Q2: 130,000 shares; 2025Q3: 60,000 shares 60,000$7.2M1.13%-70,000Timeline
AXONAXON ENTERPRISE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,000 shares 10,000$7.18M1.12%newTimeline
ALDXALDEYRA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 779,000 shares; 2025Q2: 1,331,791 shares; 2025Q3: 1,331,791 shares 1,331,791$6.95M1.09%0Timeline
GLWCORNING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 80,000 shares 80,000$6.56M1.03%newTimeline
ITRIITRON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,000 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 50,000 shares 50,000$6.23M0.98%newTimeline
ZVRAZEVRA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 450,000 shares; 2025Q3: 650,000 shares 650,000$6.18M0.97%+200,000Timeline
TTEKTETRA TECH INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200,000 shares; 2024Q4: 40,000 shares; 2025Q1: not reported; 2025Q2: 315,000 shares; 2025Q3: 175,000 shares 175,000$5.84M0.92%-140,000Timeline
HDHOME DEPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 14,300 shares 14,300$5.79M0.91%newTimeline
LOWLOWES COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,300 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 22,250 shares 22,250$5.59M0.88%newTimeline
KKRKKR & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 40,000 shares 40,000$5.2M0.81%newTimeline
ALCALCON AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 117,600 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 57,500 shares 57,500$4.28M0.67%newTimeline
BNBROOKFIELD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 60,000 shares 60,000$4.11M0.64%newTimeline
WWWWOLVERINE WORLD WIDE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 295,000 shares; 2024Q4: 342,700 shares; 2025Q1: 624,700 shares; 2025Q2: 524,700 shares; 2025Q3: 129,500 shares 129,500$3.55M0.56%-395,200Timeline
XFORX4 PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 233,332 shares; 2025Q3: 933,332 shares 933,332$3.19M0.5%+700,000Timeline
JSPRJASPER THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 497,000 shares; 2024Q4: 447,000 shares; 2025Q1: 490,000 shares; 2025Q2: 684,707 shares; 2025Q3: 1,324,845 shares 1,324,845$3.15M0.49%+640,138Timeline
GEGGREAT ELM GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,268,907 shares; 2024Q4: 1,268,907 shares; 2025Q1: 1,268,907 shares; 2025Q2: 1,268,907 shares; 2025Q3: 1,168,907 shares 1,168,907$2.86M0.45%-100,000Timeline
NBNIOCORP DEVS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 314,465 shares; 2024Q4: 314,465 shares; 2025Q1: 314,465 shares; 2025Q2: 314,465 shares; 2025Q3: 314,465 shares 314,465$2.1M0.33%0Timeline
SCYXSCYNEXIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,237,048 shares; 2024Q4: 2,237,048 shares; 2025Q1: 2,237,048 shares; 2025Q2: 2,237,048 shares; 2025Q3: 2,237,048 shares 2,237,048$1.72M0.27%0Timeline
ENVVENO MEDICAL CORPORATIONENVVENO MEDICAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 859,261 shares; 2024Q4: 859,261 shares; 2025Q1: 859,261 shares; 2025Q2: 859,261 shares; 2025Q3: 1,359,261 shares 1,359,261$1.23M0.19%+500,000
CVNACARVANA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,500 shares 2,500$943K0.15%newTimeline
PSNPARSONS CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,000 shares; 2024Q4: 95,000 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,000 shares 10,000$829K0.13%newTimeline
XAIRBEYOND AIR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 46,833 shares 46,833$108K0.02%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
QQQINVESCO QQQ TR COMput85,000$51Mnew
SMHVANECK ETF TRUST COMput70,000$22.8M+10,000
KKRKKR & CO INC COMcall125,000$16.2M-75,000
EWYISHARES INC MSCI STH KOR ETFput190,000$15.2Mnew
XLUSELECT SECTOR SPDR TR SHSput150,000$13.1Mnew
BXBLACKSTONE INC COMput60,000$10.3Mnew
HCIHCI GROUP INC COMcall50,000$9.6Mnew
ITBISHARES TR US HOME CONS ETFput75,000$8.04Mnew
GEVGE VERNOVA INC COMput10,000$6.15Mnew
ORCLORACLE CORP COMcall20,000$5.62Mnew
SYFSYNCHRONY FINANCIAL STOKput75,000$5.33Mnew
IOTSAMSARA INC Stockcall100,000$3.73Mnew
MLTXMOONLAKE IMMUNOTHERAPEUTICS Stockcall50,000$358Knew

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
KRESPDR SERIES TRUST1,000,000$59.4Mcall
IWMISHARES TR150,000$32.4Mput
SPYSTATE STR SPDR S&P 500 ETF T40,000$24.7Mput
EWJISHARES INC300,000$22.5Mput
SNDKSANDISK CORP370,000$16.8Mshares
WMWASTE MGMT INC DEL70,000$16Mshares
TOLTOLL BROTHERS INC135,000$15.4Mshares
MMM3M CO100,000$15.2Mshares
AJGGALLAGHER ARTHUR J & CO45,000$14.4Mshares
PKGPACKAGING CORP AMER70,000$13.2Mshares
UPSTUPSTART HLDGS INC200,000$12.9Mput
JPMJPMORGAN CHASE & CO35,000$10.1Mshares
OKTAOKTA INC100,000$10Mshares
RDNTRADNET INC173,000$9.85Mshares
IMAXIMAX CORP338,654$9.47Mshares
SNDKSANDISK CORP160,000$7.26Mput
THCTENET HEALTHCARE CORP37,800$6.65Mshares
ALITALIGHT INC1,100,000$6.23Mshares
WNS HLDGS LTD COM SHSWNS HLDGS LTD COM SHS95,000$6.01Mshares
ENPHENPHASE ENERGY INC150,000$5.95Mput
VSTVISTRA CORP30,000$5.81Mshares
FSLRFIRST SOLAR INC35,000$5.79Mcall
MTCHMATCH GROUP INC NEW180,000$5.56Mshares
ALITALIGHT INC750,000$4.25Mcall
AIC3 AI INC130,000$3.19Mcall
AMRCAMERESCO INC200,000$3.04Mshares
EBAYEBAY INC.40,000$2.98Mput
SCPHARMACEUTICALS INCSCPHARMACEUTICALS INC659,711$2.51Mshares
BEYOND AIR INCBEYOND AIR INC936,683$161Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001000097-25-000022 base2025-11-14acceptance time not in the bulk data set