LQDA US Equity

Liquidia Corp

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Health Care · Pharmaceutical Preparations · CIK 1819576 · FYE 1231

$86.82

+2.40 (+2.84%)

USD · as of 2026-07-28 · marketstack

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Institutional ownership· 13F filers holding LQDA · 2026-Q1 methodology → sources →

243 holders

% of shares outstanding held

69.3%

Shares held (13F)

61,596,658

Reporting holders

243

Top holders

largest 100 of 243 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	FARALLON CAPITAL MANAGEMENT LLC	8,656,0388.7M	$327M	9.73%	—
2	Caligan Partners LP	8,118,8928.1M	$306M	9.13%	—
3	BlackRock, Inc.	5,489,1445.5M	$207M	6.17%	—
4	FINDELL CAPITAL MANAGEMENT LLC	3,502,1123.5M	$132M	3.94%	ADD 23%
5	VANGUARD CAPITAL MANAGEMENT LLC	2,926,9452.9M	$110M	3.29%	NEW†
6	Opaleye Management Inc.	2,545,0002.5M	$89M	2.86%	ADD 5%
7	BANK OF AMERICA CORP /DE/	2,287,7922.3M	$86M	2.57%	ADD 19%
8	GEODE CAPITAL MANAGEMENT, LLC	1,928,9691.9M	$73M	2.17%	ADD 19%
9	STATE STREET CORP	1,881,5991.9M	$71M	2.12%	ADD 4%
10	MPM BIOIMPACT LLC	1,405,1581.4M	$53M	1.58%	—
11	Caprock Group, LLC	1,367,2351.4M	$52M	1.54%	TRIM -23%
12	SUSQUEHANNA INTERNATIONAL GROUP, LLP	1,001,0811.0M	$38M	1.13%	ADD 282%
13	PRICE T ROWE ASSOCIATES INC /MD/	953,151953,151	$36M	1.07%	ADD 2468%
14	D. E. Shaw & Co., Inc.	873,065873,065	$33M	0.98%	TRIM -48%
15	GOLDMAN SACHS GROUP INC	811,990811,990	$31M	0.91%	ADD 15%
16	JANE STREET GROUP, LLC	795,884795,884	$30M	0.89%	ADD 91%
17	Eversept Partners, LP	677,392677,392	$26M	0.76%	ADD 33%
18	VANGUARD PORTFOLIO MANAGEMENT LLC	632,625632,625	$24M	0.71%	NEW
19	BOOTHBAY FUND MANAGEMENT, LLC	625,048625,048	$24M	0.70%	—
20	Buckley Capital Advisors, LLC	624,844624,844	$24M	0.70%	TRIM -4%
21	FMR LLC	582,200582,200	$22M	0.65%	ADD 54%
22	NORTHERN TRUST CORP	579,875579,875	$22M	0.65%	ADD 3%
23	TWO SIGMA INVESTMENTS, LP	563,233563,233	$21M	0.63%	ADD 61%
24	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	557,200557,200	$21M	0.63%	—
25	Invesco Ltd.	481,446481,446	$18M	0.54%	ADD 14%
26	VANGUARD FIDUCIARY TRUST CO	472,273472,273	$18M	0.53%	NEW
27	FEDERATED HERMES, INC.	438,767438,767	$17M	0.49%	TRIM -10%
28	Trexquant Investment LP	409,259409,259	$15M	0.46%	ADD 47%
29	TCG Crossover Management, LLC	403,048403,048	$15M	0.45%	TRIM -76%
30	Pale Fire Capital SE	388,377388,377	$15M	0.44%	ADD 2%
31	OBERWEIS ASSET MANAGEMENT INC/	372,100372,100	$14M	0.42%	ADD 13%
32	Purewater Capital LLC	367,562367,562	$14M	0.41%	NEW
33	MORGAN STANLEY	344,671344,671	$13M	0.39%	TRIM -27%
34	Apis Capital Advisors, LLC	296,000296,000	$11M	0.33%	TRIM -17%
35	MARSHALL WACE, LLP	289,439289,439	$11M	0.33%	ADD 99%
36	FIRST TRUST ADVISORS LP	279,475279,475	$11M	0.31%	TRIM -9%
37	Capricorn Fund Managers Ltd	247,405247,405	$9M	0.28%	NEW
38	UBS Group AG	207,237207,237	$8M	0.23%	ADD 85%
39	T3 Companies, LLC	205,750205,750	$8M	0.23%	ADD 17%
40	Seven Fleet Capital Management LP	204,876204,876	$8M	0.23%	ADD 124%
41	ALGERT GLOBAL LLC	204,060204,060	$8M	0.23%	ADD 82%
42	WELLINGTON MANAGEMENT GROUP LLP	199,060199,060	$8M	0.22%	TRIM -15%
43	Bank of New York Mellon Corp	193,920193,920	$7M	0.22%	TRIM -2%
44	JPMORGAN CHASE & CO	195,116195,116	$7M	0.22%	ADD 60%
45	Diametric Capital, LP	167,760167,760	$6M	0.19%	ADD 83%
46	RAYMOND JAMES FINANCIAL INC	162,456162,456	$6M	0.18%	ADD 92%
47	Squarepoint Ops LLC	161,689161,689	$6M	0.18%	ADD 138%
48	Nuveen, LLC	152,225152,225	$6M	0.17%	—
49	CITADEL ADVISORS LLC	151,014151,014	$6M	0.17%	TRIM -81%
50	Greenland Capital Management LP	150,000150,000	$6M	0.17%	ADD 14%
51	Insight Wealth Strategies, LLC	142,402142,402	$5M	0.16%	—
52	Aquatic Capital Management LLC	140,331140,331	$5M	0.16%	ADD 432%
53	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	142,241142,241	$5M	0.16%	TRIM -10%
54	DEUTSCHE BANK AG\	137,652137,652	$5M	0.15%	TRIM -27%
55	Swiss National Bank	120,400120,400	$5M	0.14%	—
56	CAXTON ASSOCIATES LLP	117,075117,075	$4M	0.13%	TRIM -24%
57	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	116,614116,614	$4M	0.13%	TRIM -21%
58	CenterBook Partners LP	114,909114,909	$4M	0.13%	TRIM -8%
59	LGT Fund Management Co Ltd.	110,250110,250	$4M	0.12%	NEW
60	Woodline Partners LP	100,160100,160	$4M	0.11%	—
61	HighVista Strategies LLC	99,74499,744	$4M	0.11%	TRIM -36%
62	VICTORY CAPITAL MANAGEMENT INC	98,35798,357	$4M	0.11%	ADD 1132%
63	Empowered Funds, LLC	96,71796,717	$4M	0.11%	NEW
64	CITIGROUP INC	94,75094,750	$4M	0.11%	TRIM -35%
65	AWH Capital, L.P.	92,50092,500	$3M	0.10%	—
66	PATHWAY CAPITAL MANAGEMENT, LP	91,38491,384	$3M	0.10%	NEW
67	Russell Investments Group, Ltd.	86,89086,890	$3M	0.10%	ADD 16%
68	HRT FINANCIAL LP	86,68786,687	$3M	0.10%	TRIM -48%
69	PRUDENTIAL FINANCIAL INC	80,28080,280	$3M	0.09%	TRIM -83%
70	RHUMBLINE ADVISERS	80,00080,000	$3M	0.09%	—
71	ESSEX INVESTMENT MANAGEMENT CO LLC	78,17178,171	$3M	0.09%	NEW
72	VOLORIDGE INVESTMENT MANAGEMENT, LLC	75,60275,602	$3M	0.09%	TRIM -86%
73	Balyasny Asset Management L.P.	72,89572,895	$3M	0.08%	ADD 26%
74	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	72,43872,438	$3M	0.08%	ADD 25%
75	Legal & General Group Plc	69,64069,640	$3M	0.08%	TRIM -19%
76	Advisory Services Network, LLC	64,93564,935	$2M	0.07%	TRIM -11%
77	ALLIANCEBERNSTEIN L.P.	69,65369,653	$2M	0.08%	—
78	STATE OF WISCONSIN INVESTMENT BOARD	61,01961,019	$2M	0.07%	—
79	Verition Fund Management LLC	60,11160,111	$2M	0.07%	TRIM -20%
80	Sigma Planning Corp	60,08560,085	$2M	0.07%	TRIM -5%
81	MANUFACTURERS LIFE INSURANCE COMPANY, THE	58,26558,265	$2M	0.07%	ADD 63%
82	SEGALL BRYANT & HAMILL, LLC	55,93855,938	$2M	0.06%	NEW
83	Engineers Gate Manager LP	53,62553,625	$2M	0.06%	TRIM -47%
84	WCG Wealth Advisors LLC	51,90151,901	$2M	0.06%	TRIM -5%
85	GROUP ONE TRADING LLC	49,04149,041	$2M	0.06%	NEW
86	AQR CAPITAL MANAGEMENT LLC	48,98648,986	$2M	0.06%	ADD 251%
87	BURNEY CO/	48,48148,481	$2M	0.05%	NEW
88	Exome Asset Management LLC	45,79645,796	$2M	0.05%	TRIM -50%
89	TD Asset Management Inc	41,94441,944	$2M	0.05%	NEW
90	VANGUARD ASSET MANAGEMENT, Ltd	40,87340,873	$2M	0.05%	NEW
91	PRELUDE CAPITAL MANAGEMENT, LLC	40,59540,595	$2M	0.05%	—
92	TUDOR INVESTMENT CORP ET AL	40,26340,263	$2M	0.05%	TRIM -29%
93	Creative Planning	40,03140,031	$2M	0.05%	ADD 12%
94	Brevan Howard Capital Management LP	39,42339,423	$1M	0.04%	NEW
95	SAPIENT CAPITAL LLC	37,00037,000	$1M	0.04%	TRIM -25%
96	MetLife Investment Management, LLC	36,68536,685	$1M	0.04%	—
97	SEI INVESTMENTS CO	35,65535,655	$1M	0.04%	ADD 306%
98	GSA CAPITAL PARTNERS LLP	35,40635,406	$1M	0.04%	TRIM -44%
99	CAPITAL FUND MANAGEMENT S.A.	34,22234,222	$1M	0.04%	NEW
100	LPL Financial LLC	34,12334,123	$1M	0.04%	ADD 3%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

FARALLON CAPITAL MANAGEMENT LLC

3.3M

4.0M

4.2M

8.6M

8.7M

$327M

Caligan Partners LP

8.1M

$306M

BlackRock, Inc.

4.7M

4.9M

5.2M

5.5M

$207M

FINDELL CAPITAL MANAGEMENT LLC

3.1M

2.9M

3.0M

2.8M

2.9M

3.5M

$132M

VANGUARD CAPITAL MANAGEMENT LLC

—

2.9M

$110M

Opaleye Management Inc.

1.7M

2.3M

2.5M

2.6M

2.4M

2.5M

$89M

BANK OF AMERICA CORP /DE/

201K

747K

190K

765K

1.9M

2.3M

$86M

GEODE CAPITAL MANAGEMENT, LLC

1.3M

1.4M

1.6M

1.9M

$73M

STATE STREET CORP

1.8M

1.9M

1.8M

1.9M

$71M

MPM BIOIMPACT LLC

—

200K

1.4M

$53M

Caprock Group, LLC

—

1.6M

1.8M

1.4M

$52M

SUSQUEHANNA INTERNATIONAL GROUP, LLP

347K

751K

1000K

870K

262K

1.0M

$38M

PRICE T ROWE ASSOCIATES INC /MD/

25K

27K

32K

60K

37K

953K

$36M

D. E. Shaw & Co., Inc.

12K

164K

146K

1.5M

1.7M

873K

$33M

GOLDMAN SACHS GROUP INC

778K

861K

2.4M

2.8M

704K

812K

$31M

Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	243	61,596,658	69.3%	$2.3B
2025-Q4	227	61,868,985	69.6%	$2.1B
2025-Q3	199	64,604,828	72.6%	$1.5B
2025-Q2	178	57,587,897	64.8%	$718M
2025-Q1	169	55,258,620	62.1%	$816M
2024-Q4	165	51,530,821	57.9%	$626M
2024-Q3	154	52,841,633	59.4%	$529M
2024-Q2	137

Short interest has its own tab now — open SI →

Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.

Activists & large holders· Schedule 13D/G beneficial owners · LQDA

Large holders — 13G, passive (top 3 by % of class)

Holder	% of class	Type	As of
BlackRock, Inc.	11.9%	QII	2026-06-30	SEC →
Farallon Capital Partners, L.P.	9.9%	Passive	2025-12-31	SEC →
Legend Aggregator, LP	2.2%	Passive	2024-12-31	SEC →

Source: SEC Schedule 13D/13G structured XML. 13D = active intent; 13G filers report passively (Rule 13d-1(b) QII / 13d-1(c) Passive / 13d-1(d) Exempt) and are not activists. Percent and delta are the group aggregate the filing reports. Structured 13D/G coverage begins December 2024 (SEC XML mandate).

Institutional ownership· 13F filers holding LQDA · 2026-Q1 methodology → sources →

243 holders

% of shares outstanding held

69.3%

Shares held (13F)

61,596,658

Reporting holders

243

Top holders

largest 100 of 243 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	FARALLON CAPITAL MANAGEMENT LLC	8,656,0388.7M	$327M	9.73%	—
2	Caligan Partners LP	8,118,8928.1M	$306M	9.13%	—
3	BlackRock, Inc.	5,489,1445.5M	$207M	6.17%	—
4	FINDELL CAPITAL MANAGEMENT LLC	3,502,1123.5M	$132M	3.94%	ADD 23%
5	VANGUARD CAPITAL MANAGEMENT LLC	2,926,9452.9M	$110M	3.29%	NEW†
6	Opaleye Management Inc.	2,545,0002.5M	$89M	2.86%	ADD 5%
7	BANK OF AMERICA CORP /DE/	2,287,7922.3M	$86M	2.57%	ADD 19%
8	GEODE CAPITAL MANAGEMENT, LLC	1,928,9691.9M	$73M	2.17%	ADD 19%
9	STATE STREET CORP	1,881,5991.9M	$71M	2.12%	ADD 4%
10	MPM BIOIMPACT LLC	1,405,1581.4M	$53M	1.58%	—
11	Caprock Group, LLC	1,367,2351.4M	$52M	1.54%	TRIM -23%
12	SUSQUEHANNA INTERNATIONAL GROUP, LLP	1,001,0811.0M	$38M	1.13%	ADD 282%
13	PRICE T ROWE ASSOCIATES INC /MD/	953,151953,151	$36M	1.07%	ADD 2468%
14	D. E. Shaw & Co., Inc.	873,065873,065	$33M	0.98%	TRIM -48%
15	GOLDMAN SACHS GROUP INC	811,990811,990	$31M	0.91%	ADD 15%
16	JANE STREET GROUP, LLC	795,884795,884	$30M	0.89%	ADD 91%
17	Eversept Partners, LP	677,392677,392	$26M	0.76%	ADD 33%
18	VANGUARD PORTFOLIO MANAGEMENT LLC	632,625632,625	$24M	0.71%	NEW
19	BOOTHBAY FUND MANAGEMENT, LLC	625,048625,048	$24M	0.70%	—
20	Buckley Capital Advisors, LLC	624,844624,844	$24M	0.70%	TRIM -4%
21	FMR LLC	582,200582,200	$22M	0.65%	ADD 54%
22	NORTHERN TRUST CORP	579,875579,875	$22M	0.65%	ADD 3%
23	TWO SIGMA INVESTMENTS, LP	563,233563,233	$21M	0.63%	ADD 61%
24	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	557,200557,200	$21M	0.63%	—
25	Invesco Ltd.	481,446481,446	$18M	0.54%	ADD 14%
26	VANGUARD FIDUCIARY TRUST CO	472,273472,273	$18M	0.53%	NEW
27	FEDERATED HERMES, INC.	438,767438,767	$17M	0.49%	TRIM -10%
28	Trexquant Investment LP	409,259409,259	$15M	0.46%	ADD 47%
29	TCG Crossover Management, LLC	403,048403,048	$15M	0.45%	TRIM -76%
30	Pale Fire Capital SE	388,377388,377	$15M	0.44%	ADD 2%
31	OBERWEIS ASSET MANAGEMENT INC/	372,100372,100	$14M	0.42%	ADD 13%
32	Purewater Capital LLC	367,562367,562	$14M	0.41%	NEW
33	MORGAN STANLEY	344,671344,671	$13M	0.39%	TRIM -27%
34	Apis Capital Advisors, LLC	296,000296,000	$11M	0.33%	TRIM -17%
35	MARSHALL WACE, LLP	289,439289,439	$11M	0.33%	ADD 99%
36	FIRST TRUST ADVISORS LP	279,475279,475	$11M	0.31%	TRIM -9%
37	Capricorn Fund Managers Ltd	247,405247,405	$9M	0.28%	NEW
38	UBS Group AG	207,237207,237	$8M	0.23%	ADD 85%
39	T3 Companies, LLC	205,750205,750	$8M	0.23%	ADD 17%
40	Seven Fleet Capital Management LP	204,876204,876	$8M	0.23%	ADD 124%
41	ALGERT GLOBAL LLC	204,060204,060	$8M	0.23%	ADD 82%
42	WELLINGTON MANAGEMENT GROUP LLP	199,060199,060	$8M	0.22%	TRIM -15%
43	Bank of New York Mellon Corp	193,920193,920	$7M	0.22%	TRIM -2%
44	JPMORGAN CHASE & CO	195,116195,116	$7M	0.22%	ADD 60%
45	Diametric Capital, LP	167,760167,760	$6M	0.19%	ADD 83%
46	RAYMOND JAMES FINANCIAL INC	162,456162,456	$6M	0.18%	ADD 92%
47	Squarepoint Ops LLC	161,689161,689	$6M	0.18%	ADD 138%
48	Nuveen, LLC	152,225152,225	$6M	0.17%	—
49	CITADEL ADVISORS LLC	151,014151,014	$6M	0.17%	TRIM -81%
50	Greenland Capital Management LP	150,000150,000	$6M	0.17%	ADD 14%
51	Insight Wealth Strategies, LLC	142,402142,402	$5M	0.16%	—
52	Aquatic Capital Management LLC	140,331140,331	$5M	0.16%	ADD 432%
53	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	142,241142,241	$5M	0.16%	TRIM -10%
54	DEUTSCHE BANK AG\	137,652137,652	$5M	0.15%	TRIM -27%
55	Swiss National Bank	120,400120,400	$5M	0.14%	—
56	CAXTON ASSOCIATES LLP	117,075117,075	$4M	0.13%	TRIM -24%
57	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	116,614116,614	$4M	0.13%	TRIM -21%
58	CenterBook Partners LP	114,909114,909	$4M	0.13%	TRIM -8%
59	LGT Fund Management Co Ltd.	110,250110,250	$4M	0.12%	NEW
60	Woodline Partners LP	100,160100,160	$4M	0.11%	—
61	HighVista Strategies LLC	99,74499,744	$4M	0.11%	TRIM -36%
62	VICTORY CAPITAL MANAGEMENT INC	98,35798,357	$4M	0.11%	ADD 1132%
63	Empowered Funds, LLC	96,71796,717	$4M	0.11%	NEW
64	CITIGROUP INC	94,75094,750	$4M	0.11%	TRIM -35%
65	AWH Capital, L.P.	92,50092,500	$3M	0.10%	—
66	PATHWAY CAPITAL MANAGEMENT, LP	91,38491,384	$3M	0.10%	NEW
67	Russell Investments Group, Ltd.	86,89086,890	$3M	0.10%	ADD 16%
68	HRT FINANCIAL LP	86,68786,687	$3M	0.10%	TRIM -48%
69	PRUDENTIAL FINANCIAL INC	80,28080,280	$3M	0.09%	TRIM -83%
70	RHUMBLINE ADVISERS	80,00080,000	$3M	0.09%	—
71	ESSEX INVESTMENT MANAGEMENT CO LLC	78,17178,171	$3M	0.09%	NEW
72	VOLORIDGE INVESTMENT MANAGEMENT, LLC	75,60275,602	$3M	0.09%	TRIM -86%
73	Balyasny Asset Management L.P.	72,89572,895	$3M	0.08%	ADD 26%
74	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	72,43872,438	$3M	0.08%	ADD 25%
75	Legal & General Group Plc	69,64069,640	$3M	0.08%	TRIM -19%
76	Advisory Services Network, LLC	64,93564,935	$2M	0.07%	TRIM -11%
77	ALLIANCEBERNSTEIN L.P.	69,65369,653	$2M	0.08%	—
78	STATE OF WISCONSIN INVESTMENT BOARD	61,01961,019	$2M	0.07%	—
79	Verition Fund Management LLC	60,11160,111	$2M	0.07%	TRIM -20%
80	Sigma Planning Corp	60,08560,085	$2M	0.07%	TRIM -5%
81	MANUFACTURERS LIFE INSURANCE COMPANY, THE	58,26558,265	$2M	0.07%	ADD 63%
82	SEGALL BRYANT & HAMILL, LLC	55,93855,938	$2M	0.06%	NEW
83	Engineers Gate Manager LP	53,62553,625	$2M	0.06%	TRIM -47%
84	WCG Wealth Advisors LLC	51,90151,901	$2M	0.06%	TRIM -5%
85	GROUP ONE TRADING LLC	49,04149,041	$2M	0.06%	NEW
86	AQR CAPITAL MANAGEMENT LLC	48,98648,986	$2M	0.06%	ADD 251%
87	BURNEY CO/	48,48148,481	$2M	0.05%	NEW
88	Exome Asset Management LLC	45,79645,796	$2M	0.05%	TRIM -50%
89	TD Asset Management Inc	41,94441,944	$2M	0.05%	NEW
90	VANGUARD ASSET MANAGEMENT, Ltd	40,87340,873	$2M	0.05%	NEW
91	PRELUDE CAPITAL MANAGEMENT, LLC	40,59540,595	$2M	0.05%	—
92	TUDOR INVESTMENT CORP ET AL	40,26340,263	$2M	0.05%	TRIM -29%
93	Creative Planning	40,03140,031	$2M	0.05%	ADD 12%
94	Brevan Howard Capital Management LP	39,42339,423	$1M	0.04%	NEW
95	SAPIENT CAPITAL LLC	37,00037,000	$1M	0.04%	TRIM -25%
96	MetLife Investment Management, LLC	36,68536,685	$1M	0.04%	—
97	SEI INVESTMENTS CO	35,65535,655	$1M	0.04%	ADD 306%
98	GSA CAPITAL PARTNERS LLP	35,40635,406	$1M	0.04%	TRIM -44%
99	CAPITAL FUND MANAGEMENT S.A.	34,22234,222	$1M	0.04%	NEW
100	LPL Financial LLC	34,12334,123	$1M	0.04%	ADD 3%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

FARALLON CAPITAL MANAGEMENT LLC

3.3M

4.0M

4.2M

8.6M

8.7M

$327M

Caligan Partners LP

8.1M

$306M

BlackRock, Inc.

4.7M

4.9M

5.2M

5.5M

$207M

FINDELL CAPITAL MANAGEMENT LLC

3.1M

2.9M

3.0M

2.8M

2.9M

3.5M

$132M

VANGUARD CAPITAL MANAGEMENT LLC

—

2.9M

$110M

Opaleye Management Inc.

1.7M

2.3M

2.5M

2.6M

2.4M

2.5M

$89M

BANK OF AMERICA CORP /DE/

201K

747K

190K

765K

1.9M

2.3M

$86M

GEODE CAPITAL MANAGEMENT, LLC

1.3M

1.4M

1.6M

1.9M

$73M

STATE STREET CORP

1.8M

1.9M

1.8M

1.9M

$71M

MPM BIOIMPACT LLC

—

200K

1.4M

$53M

Caprock Group, LLC

—

1.6M

1.8M

1.4M

$52M

SUSQUEHANNA INTERNATIONAL GROUP, LLP

347K

751K

1000K

870K

262K

1.0M

$38M

PRICE T ROWE ASSOCIATES INC /MD/

25K

27K

32K

60K

37K

953K

$36M

D. E. Shaw & Co., Inc.

12K

164K

146K

1.5M

1.7M

873K

$33M

GOLDMAN SACHS GROUP INC

778K

861K

2.4M

2.8M

704K

812K

$31M

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	243	61,596,658	69.3%	$2.3B
2025-Q4	227	61,868,985	69.6%	$2.1B
2025-Q3	199	64,604,828	72.6%	$1.5B
2025-Q2	178	57,587,897	64.8%	$718M
2025-Q1	169	55,258,620	62.1%	$816M
2024-Q4	165	51,530,821	57.9%	$626M
2024-Q3	154	52,841,633	59.4%	$529M
2024-Q2	137

Short interest has its own tab now — open SI →

Activists & large holders· Schedule 13D/G beneficial owners · LQDA

Large holders — 13G, passive (top 3 by % of class)

Holder	% of class	Type	As of
BlackRock, Inc.	11.9%	QII	2026-06-30	SEC →
Farallon Capital Partners, L.P.	9.9%	Passive	2025-12-31	SEC →
Legend Aggregator, LP	2.2%	Passive	2024-12-31	SEC →

LQDA US Equity☆

Institutional ownership· 13F filers holding LQDA · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · LQDA

Institutional ownership· 13F filers holding LQDA · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · LQDA

LQDA US Equity