9AT: KINGDON CAPITAL MANAGEMENT, L.L.C.

other names

KINGDON CAPITAL MANAGEMENT, L.L.C.

Adviser Profile

As of Date	03/30/2026
Registration	SEC, Approved, 03/30/2012
ADV Location	NEW YORK, NY, United States
Contact Info	212 xxxxxxx
Websites

AUM^*	959,762,020 17%
of that, discretionary	959,762,020 17%
Private Fund GAV^*	959,762,020 11%
Avg Account Size	119,970,253 2%
SMA’s	Yes
Private Funds	8 1

Adviser Type

- Large advisory firm

Number of Employees 19

of those in investment advisory functions 10 11%

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

SEC Fund Type	Count	GAV
Fund TypeHedge Fund	Count7	GAV$952,699,172
Fund TypeOther Private Fund	Count1	GAV$7,062,848

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser SUNRIVER MANAGEMENT LLC	Hedge Fund1.2b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.2b	AUM1.2b	#Funds7
Adviser KEY SQUARE GROUP LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM557.0m	#Funds-
Adviser MOERUS CAPITAL MANAGEMENT LLC	Hedge Fund44.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV44.1m	AUM893.1m	#Funds3
Adviser SYNERGY FUND MANAGEMENT GROUP LIMITED	Hedge Fund229.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV229.0m	AUM490.3m	#Funds9
Adviser COMMODORE CAPITAL	Hedge Fund2.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.4b	AUM2.4b	#Funds3
Adviser BAYMOUNT MANAGEMENT LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM485.7m	#Funds-
Adviser JB INVESTMENTS MANAGEMENT, LLC	Hedge Fund773.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV773.4m	AUM773.4m	#Funds3
Adviser FOURSIXTHREE CAPITAL LP	Hedge Fund1.5b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.5b	AUM3.2b	#Funds7
Adviser HERCULES ADVISER LLC	Hedge Fund1.6b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.6b	AUM1.6b	#Funds10
Adviser SANDIA INVESTMENT MANAGMENT LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM625.4m	#Funds-

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker46428Q109	Stock NameISHARES SILVER TR (PUT)	$ Position$54,757,000	% Position7.00%	$ Change	# Change
Stck Ticker87164F105	Stock NameSYNDAX PHARMACEUTICALS INC	$ Position$49,373,500	% Position6.00%	$ Change28.00%	# Change-6.00%
Stck Ticker68062P106	Stock NameOLEMA PHARMACEUTICALS INC	$ Position$23,840,000	% Position3.00%	$ Change185.00%	# Change12.00%
Stck Ticker65340P106	Stock NameNEXGEN ENERGY LTD	$ Position$23,000,000	% Position3.00%	$ Change18.00%	# Change15.00%
Stck Ticker67066G104	Stock NameNVIDIA CORPORATION (PUT)	$ Position$21,447,500	% Position3.00%	$ Change	# Change
Stck Ticker67066G104	Stock NameNVIDIA CORPORATION	$ Position$27,042,500	% Position3.00%	$ Change23.00%	# Change23.00%
Stck Ticker93403J106	Stock NameWARBY PARKER INC	$ Position$22,958,903	% Position3.00%	$ Change138.00%	# Change201.00%
Stck Ticker49338L103	Stock NameKEYSIGHT TECHNOLOGIES INC	$ Position$26,414,700	% Position3.00%	$ Change	# Change
Stck Ticker48251W104	Stock NameKKR & CO INC (CALL)	$ Position$15,935,000	% Position2.00%	$ Change-2.00%	# Change0.00%
Stck Ticker531229755	Stock NameLIBERTY MEDIA CORP DEL	$ Position$13,791,400	% Position2.00%	$ Change65.00%	# Change75.00%

Brochure Summary

Overview

Kingdon Capital Management, L.L.C. and its affiliates (“Kingdon”), a Delaware limited liability company, is an alternative investment firm founded in 1983 by Mark Kingdon, who is also the principal owner and Managing Member of Kingdon. No other person owns 25% or more of Kingdon. Kingdon provides investment advisory services to pooled investment vehicles sponsored by Kingdon or third parties (each a “Fund” or a “Client” and together, the “Funds” or the “Clients”). The investment advisory services provided to each Client are based on the investment objectives and restrictions as set out in the Client’s investment management agreement and, as applicable, the Fund’s offering document. The terms upon which Kingdon serves as investment adviser to a Client are put in place at the time the Client’s account is established

and are generally set out in separate investment management agreements or, as applicable, in the underlying Fund documents. The terms of each investment management agreement and, as applicable, other Fund documents may vary from Client to Client. Kingdon offers two investment strategies: a global long/short equity strategy (“Flagship Strategy”) and a global long/short healthcare strategy (“Healthcare Strategy”). The Flagship Strategy consists of thematic, idiosyncratic and opportunistic investments with diversified return drivers and an emphasis on liquidity. The Healthcare Strategy primarily invests in the global healthcare industry. See Item 8 below for a more detailed discussion of these investment strategies. As of January 1, 2024, Kingdon had approximately $639,167,737 of net assets.

KINGDON CAPITAL MANAGEMENT, L.L.C.

Adviser Profile

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Compensation Arrangments

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