<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings
entries.
Institutional Investment Manager Filing this Report:
Name: Kingdon Capital Management, L.L.C.
Address: 152 West 57th Street
New York, New York 10019
Form 13F File Number: 28-3496
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Peter J. Cobos
Title: Chief Financial Officer
Phone: (212) 333-0100
Signature, Place, and Date of Signing:
/s/ Peter J. Cobos New York, New York May 12, 1999
_______________________ _____________________ ____________
[Signature] [City, State] [Date]
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Report Type (Check only one.):
[X ] 13F HOLDINGS REPORT. (Check here if all holdings of
this reporting manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in
this report, and all holdings are reported by other
reporting manger(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other reporting
manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
2
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 204
Form 13F Information Table Value Total: $2,082,645
[thousands]
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
[If there are no entries in this list, state "NONE" and omit the
column headings and list entries.]
No. Form 13F File Number Name
1 28-3498 Mark Kingdon
3
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<TABLE>
Form 13F INFORMATION TABLE
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
TITLE SHRS OR SH/ PUT/ INVESTMENT OTHR VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP VALUE PRN AMT PRN CALL DISCRETION MGRS SOLE SHARED NONE
- ------------------- --------- --------- ------------ ----------- ---- ---- ----------- ---- -------- ------ ----
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Ace Ltd. Common Stock G0070K10 25,729,687 825,000 Shared-Other 1 825,000
AES Corp Common Stock 00130H10 5,587,500 150,000 Shared-Other 1 150,000
Aetna Life Common Stock 00811710 2,490,000 30,000 Shared-Other 1 30,000
Airtouch Comm. Common Stock 00949T10 9,662,500 100,000 Shared-Other 1 100,000
Alkermes Inc. Common Stock 01642T10 986,312 36,700 Shared-Other 1 36,700
Allied Signal Inc. Common Stock 01951210 19,675,000 400,000 Shared-Other 1 400,000
Allmerica Financial Common Stock 01975410 18,721,250 340,000 Shared-Other 1 340,000
Aluminum Co. Common Stock 02224910 20,593,750 500,000 Shared-Other 1 500,000
Alyn Corp. Common Stock 02261110 8,897,501 3,235,455 Shared-Other 1 3,235,455
Ambase Corp. Common Stock 02316410 356,490 153,000 Shared-Other 1 153,000
Amer. Home Prod. Common Stock 02660910 14,681,250 225,000 Shared-Other 1 225,000
American Bankers Ins. Common Stock 02445610 26,520,000 510,000 Shared-Other 1 510,000
American Int'l Common Stock 02687410 36,187,500 300,000 Shared-Other 1 300,000
Ames Department
Stores Common Stock 03078950 8,395,300 226,900 Shared-Other 1 226,900
Amgen Common Stock 03116210 7,412,625 99,000 Shared-Other 1 99,000
AMR Corp. Common Stock 00176510 8,784,375 150,000 Shared-Other 1 150,000
Anadarko Petrol. Common Stock 03251110 14,156,250 375,000 Shared-Other 1 375,000
Andrx Corp. Common Stock 03455110 4,550,000 50,000 Shared-Other 1 50,000
AON Corp Common Stock 03738910 28,462,500 450,000 Shared-Other 1 450,000
Apache Corp. Common Stock 03741110 10,425,000 400,000 Shared-Other 1 400,000
Apple Computer Common Stock 03783310 7,187,500 200,000 Shared-Other 1 200,000
ARV Assisted Living Common Stock 00204C10 3,038,569 771,700 Shared-Other 1 771,700
AT&T Liberty Media
Cl. A Class A 00195720 7,994,250 152,000 Shared-Other 1 152,000
Atlantic Richfield Common Stock 04882510 7,312,500 100,000 Shared-Other 1 100,000
Baker Hughes Common Stock 05722410 6,078,125 250,000 Shared-Other 1 250,000
Bally Total Fitness Common Stock 05873K10 29,898,662 1,252,300 Shared-Other 1 1,252,300
Banc One Corp Common Stock 06423A10 16,518,750 300,000 Shared-Other 1 300,000
Bausch and Lomb Common Stock 07170710 19,500,000 300,000 Shared-Other 1 300,000
Big Flower Press Common Stock 08915910 18,690,562 600,500 Shared-Other 1 600,500
Black and Decker Common Stock 09179710 9,662,756 174,300 Shared-Other 1 174,300
Boston Scientific Common Stock 10113710 8,125,000 200,000 Shared-Other 1 200,000
Brightpoint Inc Common Stock 10947310 7,962,216 1,348,100 Shared-Other 1 1,348,100
Brinker Int'l. Common Stock 10964110 6,043,437 233,000 Shared-Other 1 233,000
Bristol Myers Common Stock 11012210 9,618,750 50,000 Shared-Other 1 50,000
Brookstone Inc Common Stock 11453710 1,648,200 131,200 Shared-Other 1 131,200
Browning Ferris
Industrie Common Stock 11588510 4,319,000 112,000 Shared-Other 1 112,000
Burlington Resources Common Stock 12201410 3,993,750 100,000 Shared-Other 1 100,000
Capital One Finan. Common Stock 14040H10 10,268,000 68,000 Shared-Other 1 68,000
4
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CDnow/N2K, Inc Common Stock 12508610 7,545,694 467,950 Shared-Other 1 467,950
Centocor Common Stock 15234210 1,846,875 50,000 Shared-Other 1 50,000
Champion Int'l. Common Stock 15852510 4,824,844 117,500 Shared-Other 1 117,500
Chancellor Media
Corp. Common Stock 15891510 11,765,625 250,000 Shared-Other 1 250,000
Check Point Software Common Stock M2246510 867,337 20,200 Shared-Other 1 20,200
Clorox Common Stock 18905410 11,718,750 100,000 Shared-Other 1 100,000
CNF Transportation Common Stock 12612W10 15,200,625 402,000 Shared-Other 1 402,000
Coca Cola Femsa ADS Common Stock 19124110 3,024,337 185,400 Shared-Other 1 185,400
Columbia Health Common Stock 19767710 15,150,000 800,000 Shared-Other 1 800,000
Comdisco Inc Common Stock 20033610 16,087,500 900,000 Shared-Other 1 900,000
Companhia Vale ADR Common Stock 20441210 8,966,325 609,000 Shared-Other 1 609,000
Concentric Network Common Stock 20589R10 3,743,750 50,000 Shared-Other 1 50,000
Conceptus Corp. Common Stock 20601610 387,887 400,400 Shared-Other 1 400,400
Continental Airlines Common Stock 21079530 7,600,000 200,000 Shared-Other 1 200,000
CVS Corp. Common Stock 12665010 9,500,000 200,000 Shared-Other 1 200,000
Dayton Hudson Common Stock 23975310 16,656,250 250,000 Shared-Other 1 250,000
Del Monte Foods
Company Common Stock 24522P10 3,165,000 240,000 Shared-Other 1 240,000
Dell Computer Common Stock 24702510 16,350,000 400,000 Shared-Other 1 400,000
Diamond Offshore Common Stock 25271C10 7,906,250 250,000 Shared-Other 1 250,000
Digital Microwave
Corp Common Stock 25385910 3,366,562 405,000 Shared-Other 1 405,000
Dow Chemical Common Stock 26054310 9,318,750 100,000 Shared-Other 1 100,000
Earthgrains Co. Common Stock 27031910 4,437,500 200,000 Shared-Other 1 200,000
El Paso Electric Common Stock 28367785 8,215,175 1,077,400 Shared-Other 1 1,077,400
Elan Corp. PLC Common Stock 28413120 20,925,000 300,000 Shared-Other 1 300,000
Elf Acquitaine ADR Common Stock 28626910 2,524,219 37,500 Shared-Other 1 37,500
Enron Corp. Common Stock 29356110 35,588,075 553,900 Shared-Other 1 553,900
Enzon Inc Common Stock 29390410 3,687,500 250,000 Shared-Other 1 250,000
Ericsson ADR Common Stock 29482140 823,912 34,600 Shared-Other 1 34,600
Everest Reinsure Common Stock 29980810 6,237,500 200,000 Shared-Other 1 200,000
Excite Inc. Common Stock 30090410 24,827,812 177,500 Shared-Other 1 177,500
First Amer. Corp.
of Tenn Common Stock 31890010 7,375,000 200,000 Shared-Other 1 200,000
Flowers Industries Common Stock 34349610 6,156,250 250,000 Shared-Other 1 250,000
Forest Labs Common Stock 34583810 7,046,875 125,000 Shared-Other 1 125,000
Fremont General Common Stock 35728810 6,847,250 359,200 Shared-Other 1 359,200
Galileo Tech. Common Stock M4729810 13,719,900 473,100 Shared-Other 1 473,100
Gaylord Containers Common Stock 36814510 4,136,250 551,500 Shared-Other 1 551,500
Genentech Inc Common Stock 36871030 34,120,625 385,000 Shared-Other 1 385,000
Genzyme Gen. Div. Common Stock 37291710 7,556,250 150,000 Shared-Other 1 150,000
Getty Images Inc Common Stock 37427610 2,751,187 131,400 Shared-Other 1 131,400
Gillette Co. Common Stock 37576610 23,775,000 400,000 Shared-Other 1 400,000
Golden State Banc. Common Stock 38119710 4,739,250 213,000 Shared-Other 1 213,000
H&R Block Common Stock 09367110 10,081,400 212,800 Shared-Other 1 212,800
Halliburton Co. Common Stock 40621610 11,550,000 300,000 Shared-Other 1 300,000
Harrahs Entertain. Common Stock 41361910 2,340,875 122,800 Shared-Other 1 122,800
Hasbro Common Stock 41805610 20,256,250 700,000 Shared-Other 1 700,000
HCR Manor Care Inc Common Stock 40413410 5,703,125 250,000 Shared-Other 1 250,000
HEICO Corp Class A Class A 42280620 3,740,625 175,000 Shared-Other 1 175,000
5
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Hilton Common Stock 43284810 15,426,562 1,097,000 Shared-Other 1 1,097,000
HON Apr 75 Calls Calls 43850690 256,250 1,000 Shared-Other 1 1,000
Hussmann Intl. Common Stock 44811010 6,609,375 450,000 Shared-Other 1 450,000
I 2 Tech. Common Stock 46575410 4,791,875 180,400 Shared-Other 1 180,400
IBM Common Stock 45920010 4,431,250 25,000 Shared-Other 1 25,000
ICG Comm. Common Stock 44924610 6,934,375 350,000 Shared-Other 1 350,000
IMC Global Inc. Common Stock 44966910 13,795,312 675,000 Shared-Other 1 675,000
Impala Platinum ADR Common Stock 45255320 7,813,065 453,600 Shared-Other 1 453,600
Imperial Chemical Common Stock 45270450 17,906,250 500,000 Shared-Other 1 500,000
Infospace.Com Common Stock 45678T10 4,428,125 50,000 Shared-Other 1 50,000
INKT April 87.5 Calls Calls 45727790 231,250 500 Shared-Other 1 500
InSiteVision Common Stock 45766010 663,000 624,000 Shared-Other 1 624,000
International Home
Food Common Stock 45965510 6,425,000 400,000 Shared-Other 1 400,000
International Paper Common Stock 46014610 7,171,875 170,000 Shared-Other 1 170,000
Interstate Bakeries Common Stock 46072H10 6,468,750 300,000 Shared-Other 1 300,000
Intertan Inc Common Stock 46112010 6,543,225 671,100 Shared-Other 1 671,100
ITT Hartford Group Common Stock 41651510 18,691,312 329,000 Shared-Other 1 329,000
IXC Comm. Common Stock 45071310 6,881,250 150,000 Shared-Other 1 150,000
J B Hunt Common Stock 44565810 4,396,875 210,000 Shared-Other 1 210,000
Johnson & Johnson Common Stock 47816010 18,700,000 200,000 Shared-Other 1 200,000
Jones Apparel Inc. Common Stock 48007410 27,049,087 968,200 Shared-Other 1 968,200
Jones Intercable Common Stock 48020620 9,548,437 242,500 Shared-Other 1 242,500
KEPCO ADR Common Stock 50063110 6,787,812 535,000 Shared-Other 1 535,000
Kerr-Mcgee Corp. Common Stock 49238610 7,382,812 225,000 Shared-Other 1 225,000
Keycorp Common Stock 49326710 3,031,250 100,000 Shared-Other 1 100,000
KMTC ADR Common Stock 78440P10 9,308,447 763,770 Shared-Other 1 763,770
Kushner-Locke Co. Common Stock 50133740 5,248,752 400,000 Shared-Other 1 400,000
Laser Mortgage Common Stock 51806D10 8,847,356 1,627,100 Shared-Other 1 1,627,100
Legato Systems Inc. Common Stock 52465110 10,262,500 200,000 Shared-Other 1 200,000
Lucas Varity ADR Common Stock 54939510 10,360,000 224,000 Shared-Other 1 224,000
Lucent Tech. Common Stock 54946310 21,600,000 200,000 Shared-Other 1 200,000
Luxottica Groups ADR Common Stock 55068R20 1,931,250 150,000 Shared-Other 1 150,000
Lyondell Common Stock 55207810 10,268,362 750,200 Shared-Other 1 750,200
Marathon Oil Common Stock 90290582 5,500,000 200,000 Shared-Other 1 200,000
Marine Drilling Comp. Common Stock 56824020 11,463,100 1,042,100 Shared-Other 1 1,042,100
Marsh & Mclennan
Comp. Common Stock 57174810 7,425,000 100,000 Shared-Other 1 100,000
Medtronic Common Stock 58505510 12,578,125 175,000 Shared-Other 1 175,000
Meritor Savings Bank Common Stock 59000710 2,402,344 937,500 Shared-Other 1 937,500
Metris Companies Common Stock 59159810 11,750,100 295,600 Shared-Other 1 295,600
Mobil Common Stock 60705910 30,800,000 350,000 Shared-Other 1 350,000
Motorola Common Stock 62007610 14,650,000 200,000 Shared-Other 1 200,000
Nac Re Corp Common Stock 62890710 4,080,250 76,000 Shared-Other 1 76,000
Newell Rubbermaid Inc Common Stock 65122910 27,253,030 573,748 Shared-Other 1 573,748
Nine West Common Stock 65440D10 6,739,687 273,000 Shared-Other 1 273,000
Noble Drilling Common Stock 65504210 8,687,500 500,000 Shared-Other 1 500,000
Northwest Airlines Common Stock 66728010 5,272,500 190,000 Shared-Other 1 190,000
Ocean Energy Inc. Common Stock 67481E10 4,087,500 600,000 Shared-Other 1 600,000
Office Depot Common Stock 67622010 14,975,000 400,000 Shared-Other 1 400,000
Pairgain Tech. Common Stock 69593410 6,055,656 625,100 Shared-Other 1 625,100
6
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Parametric Tech. Common Stock 69917310 20,520,250 1,039,000 Shared-Other 1 1,039,000
Park Place Ent. Common Stock 70069010 15,125,000 2,000,000 Shared-Other 1 2,000,000
P-Com Inc. Common Stock 69326210 3,781,250 500,000 Shared-Other 1 500,000
Pepsi Inc. Common Stock 71344810 29,390,625 750,000 Shared-Other 1 750,000
Pharmacia & Upjohn Common Stock 71694110 10,915,625 175,000 Shared-Other 1 175,000
PHSYB Apr 75 Puts Puts 69511295 712,500 1,000 Shared-Other 1 1,000
Platinum Tech Common Stock 72764T10 9,997,750 394,000 Shared-Other 1 394,000
Pohang Iron&Steel ADR Common Stock 73045010 656,012 36,700 Shared-Other 1 36,700
Premier Parks Common Stock 74054020 13,883,075 372,700 Shared-Other 1 372,700
Prison Realty Trust Common Stock 74264N10 3,386,345 194,199 Shared-Other 1 194,199
Provident Co. Common Stock 74386210 8,685,556 251,300 Shared-Other 1 251,300
Psinet Common Stock 74437C10 8,500,000 200,000 Shared-Other 1 200,000
PXRE Corp. Common Stock 69367410 1,800,000 100,000 Shared-Other 1 100,000
QLT Photothera. ADR Common Stock 74692710 8,906,494 218,900 Shared-Other 1 218,900
Qualcomm Common Stock 74752510 26,962,250 217,000 Shared-Other 1 217,000
Raytheon Co Class B Class B 75511140 9,086,875 155,000 Shared-Other 1 155,000
Reliastar Financial Common Stock 75952U10 8,525,000 200,000 Shared-Other 1 200,000
Reynolds Metals Common Stock 76176310 14,493,750 300,000 Shared-Other 1 300,000
RJR Nabisco Common Stock 74960K87 18,750,000 750,000 Shared-Other 1 750,000
Rohm And Haas Co. Common Stock 77537110 16,781,250 500,000 Shared-Other 1 500,000
RoweCom Inc Common Stock 77957X10 914,812 21,000 Shared-Other 1 21,000
Safety Kleen Common Stock 78648R20 1,676,125 126,500 Shared-Other 1 126,500
Schlumberger Common Stock 80685710 24,075,000 400,000 Shared-Other 1 400,000
Scientific Atlanta Common Stock 80865510 10,900,000 400,000 Shared-Other 1 400,000
Sea Containers Common Stock 81137170 5,769,225 199,800 Shared-Other 1 199,800
Sears Common Stock 81238710 19,977,394 442,100 Shared-Other 1 442,100
Security Dynamic Common Stock 81420810 3,543,396 190,890 Shared-Other 1 190,890
SFX Entertainment Common Stock 78417810 16,063,150 248,800 Shared-Other 1 248,800
Smurfit Stone Common Stock 83272710 17,325,000 900,000 Shared-Other 1 900,000
Southwest Airlines Common Stock 84474110 8,318,750 275,000 Shared-Other 1 275,000
Stillwater Mining Common Stock 86074Q10 17,091,000 648,000 Shared-Other 1 648,000
Stolt Comex Seaway Common Stock L8873E10 3,213,984 326,500 Shared-Other 1 326,500
Stride Rite Common Stock 86331410 6,370,000 520,000 Shared-Other 1 520,000
Suncor Energy Common Stock 86722910 5,391,408 160,000 Shared-Other 1 160,000
Sybase Common Stock 87113010 3,079,750 388,000 Shared-Other 1 388,000
Symbol Technologies Common Stock 87150810 13,500,000 300,000 Shared-Other 1 300,000
Talisman Energy Common Stock 87425E10 2,781,173 127,900 Shared-Other 1 127,900
Tandy Common Stock 87538210 22,589,625 354,000 Shared-Other 1 354,000
Tektronix Inc Common Stock 87913110 11,362,500 450,000 Shared-Other 1 450,000
Tele Nordeste
Celular Par Common Stock 87924W10 3,878,954 174,335 Shared-Other 1 174,335
Tele Norte Leste
Celular Common Stock 87924610 6,150,000 400,000 Shared-Other 1 400,000
Tele Sudeste Celular
Part Common Stock 87925210 3,734,464 184,418 Shared-Other 1 184,418
Telecom Brasilerias Common Stock 87928730 26,203,125 325,000 Shared-Other 1 325,000
Telephone & Data
Systems Common Stock 87943310 5,650,000 100,000 Shared-Other 1 100,000
Temple Inland Inc. Common Stock 87986810 6,889,950 109,800 Shared-Other 1 109,800
Tenneco Common Stock 88037E10 10,470,975 374,800 Shared-Other 1 374,800
7
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The Pepsi Bottling
Group Common Stock 71340910 21,687,500 1,000,000 Shared-Other 1 1,000,000
TJX Co. Common Stock 87254010 6,708,200 197,300 Shared-Other 1 197,300
Topps Company Inc. Common Stock 89078610 3,406,875 790,000 Shared-Other 1 790,000
Total Renal Care Common Stock 89151A10 17,600,000 1,600,000 Shared-Other 1 1,600,000
Transamerica Corp. Common Stock 89348510 7,810,000 110,000 Shared-Other 1 110,000
Travelers Aetna Common Stock 89393910 11,096,800 310,400 Shared-Other 1 310,400
Tubos de Acero ADR Common Stock 89859250 2,250,000 250,000 Shared-Other 1 250,000
TV Azteca ADR Common Stock 90114510 2,343,750 375,000 Shared-Other 1 375,000
Union Carbide Common Stock 90558110 25,015,800 553,600 Shared-Other 1 553,600
United Tech. Common Stock 91301710 6,771,875 50,000 Shared-Other 1 50,000
US Air Common Stock 91190510 6,760,531 138,500 Shared-Other 1 138,500
Vantive Corp. Common Stock 92209110 6,111,000 504,000 Shared-Other 1 504,000
Verio Inc Common Stock 92343310 4,600,000 100,000 Shared-Other 1 100,000
Visible Genetics Inc. Common Stock 92829S10 4,360,025 254,600 Shared-Other 1 254,600
Warner Lambert Common Stock 93448810 13,250,000 200,000 Shared-Other 1 200,000
Waste Management Inc Common Stock 94106L10 6,656,250 150,000 Shared-Other 1 150,000
Watson Pharmaceuticals Common Stock 94268310 11,031,250 250,000 Shared-Other 1 250,000
Weatherford Intl. Common Stock 94707410 10,476,125 401,000 Shared-Other 1 401,000
Western Wireless Common Stock 95988E20 7,225,000 200,000 Shared-Other 1 200,000
Willamette Industries Common Stock 96913310 10,498,275 278,100 Shared-Other 1 278,100
Witco Corp. Common Stock 97738510 9,156,912 725,300 Shared-Other 1 725,300
XL Capital Ltd. Common Stock G9825510 10,327,500 170,000 Shared-Other 1 170,000
Yahoo Inc. Common Stock 98433210 16,786,987 99,700 Shared-Other 1 99,700
YPF S.A. ADS Common Stock 98424510 4,734,375 150,000 Shared-Other 1 150,000
Grand Total 2,082,645,213
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48400002.AN9
