LQDA LIQUIDIA CORPORATION
COM NEW
CUSIP: 53635D202
FIGI: BBG001J2P905
Institutional Holders226
Total Institutional Value$2,411,377,557
Total Shares Held70,381,466
Avg Position$10,669,812
Top 5 Holders %43.6%
Alpha-Weighted Score66.6
New Positions+49
Exited Positions-37
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| FARALLON CAPITAL MANAGEMENT LLC | Moderate Conviction | Moderate Flow | $298,546,751 (12.4%) | 8,656,038 | -23.4% |
| CALIGAN PARTNERS LP | Elite Conviction | Low Flow | $280,020,585 (11.6%) | 8,118,892 | 51.7% |
| BLACKROCK FUNDING, INC. /DE | High Conviction | Market Mover | $189,293,640 (7.9%) | 5,488,363 | 59.2% |
| FINDELL CAPITAL MANAGEMENT LLC | Elite Conviction | Minimal Flow | $145,114,916 (6.0%) | 4,207,449 | 47.0% |
| VANGUARD GROUP INC | High Conviction | Market Mover | $138,438,996 (5.7%) | 4,013,888 | 53.7% |
| OPALEYE MANAGEMENT INC. | Elite Conviction | Minimal Flow | $84,981,500 (3.5%) | 2,435,000 | 42.9% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Moderate Conviction | Market Mover | $68,342,142 (2.8%) | 1,981,506 | -17.9% |
| BANK OF AMERICA CORP /DE/ | Moderate Conviction | Market Mover | $66,476,716 (2.8%) | 1,927,420 | 90.8% |
| STATE STREET CORP | High Conviction | Market Mover | $62,387,547 (2.6%) | 1,808,859 | 43.4% |
| SHAW D E & CO INC | Moderate Conviction | Market Mover | $61,819,255 (2.6%) | 1,792,382 | 82.7% |
| CAPROCK GROUP, LLC | High Conviction | Moderate Flow | $61,527,435 (2.6%) | 1,783,921 | 36.2% |
| TCG CROSSOVER MANAGEMENT, LLC | Elite Conviction | Low Flow | $58,980,797 (2.4%) | 1,710,084 | 51.7% |
| GEODE CAPITAL MANAGEMENT, LLC | High Conviction | Market Mover | $55,911,300 (2.3%) | 1,620,811 | 52.9% |
| CITADEL ADVISORS LLC | Moderate Conviction | Market Mover | $55,370,108 (2.3%) | 1,605,396 | 82.0% |
| CAPTION MANAGEMENT, LLC | Moderate Conviction | Significant Flow | $48,504,598 (2.0%) | 1,406,338 | -3.9% |
| MPM ONCOLOGY IMPACT MANAGEMENT LP | High Conviction | Minimal Flow | $48,315,972 (2.0%) | 1,400,869 | 962.4% |
| JANE STREET GROUP, LLC | Moderate Conviction | Market Mover | $39,751,036 (1.6%) | 1,152,538 | -29.5% |
| WHITEFORT CAPITAL MANAGEMENT, LP | High Conviction | Minimal Flow | $25,960,623 (1.1%) | 752,700 | -14.6% |
| GOLDMAN SACHS GROUP INC | High Conviction | Market Mover | $24,284,305 (1.0%) | 704,097 | -61.6% |
| BOOTHBAY FUND MANAGEMENT, LLC | Moderate Conviction | Moderate Flow | $21,161,271 (0.9%) | 613,548 | 21.0% |
| SCHWAB CHARLES INVESTMENT MANAGEMENT INC | High Conviction | Market Mover | $19,374,585 (0.8%) | 561,745 | - |
| NORTHERN TRUST CORP | High Conviction | Market Mover | $19,342,992 (0.8%) | 560,829 | 42.5% |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | High Conviction | Significant Flow | $18,363,338 (0.8%) | 532,425 | 46.1% |
| EVERSEPT PARTNERS, LP | High Conviction | Low Flow | $17,570,689 (0.7%) | 509,443 | 59.0% |
| POINT72 ASSET MANAGEMENT, L.P. | Moderate Conviction | Market Mover | $17,245,000 (0.7%) | 500,000 | -62.1% |
| FEDERATED HERMES, INC. | High Conviction | Significant Flow | $16,773,626 (0.7%) | 486,333 | 130.1% |
| MORGAN STANLEY | Moderate Conviction | Market Mover | $16,332,117 (0.7%) | 473,532 | -28.7% |
| PRUDENTIAL FINANCIAL INC | High Conviction | Significant Flow | $15,857,329 (0.7%) | 459,766 | 2,860.4% |
| Invesco Ltd. | Moderate Conviction | Market Mover | $14,507,219 (0.6%) | 420,621 | 701.3% |
| PALE FIRE CAPITAL SE | High Conviction | Low Flow | $13,085,230 (0.5%) | 379,392 | 139.0% |
| FMR LLC | High Conviction | Market Mover | $13,049,092 (0.5%) | 378,344 | -36.8% |
| BARCLAYS PLC | High Conviction | Market Mover | $12,696,251 (0.5%) | 368,114 | 19.0% |
| APIS CAPITAL ADVISORS, LLC | Elite Conviction | Minimal Flow | $12,250,848 (0.5%) | 355,200 | 28.0% |
| TWO SIGMA INVESTMENTS, LP | Moderate Conviction | Significant Flow | $12,073,156 (0.5%) | 350,048 | 22.3% |
| OBERWEIS ASSET MANAGEMENT INC/ | High Conviction | Low Flow | $11,354,108 (0.5%) | 329,200 | 55.5% |
| TUDOR INVESTMENT CORP ET AL | Moderate Conviction | Significant Flow | $11,052,010 (0.5%) | 320,441 | 619.4% |
| FIRST TRUST ADVISORS LP | High Conviction | Market Mover | $10,586,946 (0.4%) | 306,957 | NEW |
| TREXQUANT INVESTMENT LP | High Conviction | Significant Flow | $9,627,470 (0.4%) | 279,138 | 4.4% |
| MIRABELLA FINANCIAL SERVICES LLP | High Conviction | Low Flow | $8,546,587 (0.4%) | 247,799 | -34.3% |
| WALLEYE TRADING ADVISORS, LLC | Moderate Conviction | Significant Flow | $8,275,841 (0.3%) | 239,949 | 38.0% |
| WELLINGTON MANAGEMENT GROUP LLP | High Conviction | Market Mover | $8,041,136 (0.3%) | 233,144 | 47.6% |
| PATIENT SQUARE CAPITAL LP | Elite Conviction | Minimal Flow | $7,829,230 (0.3%) | 227,000 | -13.9% |
| RENAISSANCE TECHNOLOGIES LLC | High Conviction | Significant Flow | $7,134,360 (0.3%) | 206,853 | -35.3% |
| Bank of New York Mellon Corp | High Conviction | Market Mover | $6,852,915 (0.3%) | 198,693 | 43.4% |
| DEUTSCHE BANK AG\\ | Moderate Conviction | Market Mover | $6,477,705 (0.3%) | 187,814 | 514.4% |
| MILLENNIUM MANAGEMENT, L.L.C. | Moderate Conviction | Market Mover | $6,432,937 (0.3%) | 186,516 | -75.2% |
| GREENLAND CAPITAL MANAGEMENT LP | Moderate Conviction | Low Flow | $5,742,585 (0.2%) | 166,500 | 3.4% |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. | High Conviction | Moderate Flow | $5,382,297 (0.2%) | 157,241 | 42.0% |
| HIGHVISTA STRATEGIES LLC | High Conviction | Minimal Flow | $5,380,543 (0.2%) | 156,003 | 34.1% |
| CAXTON ASSOCIATES LLP (CIK 0002051323) | High Conviction | Moderate Flow | $5,346,157 (0.2%) | 155,006 | 1,273.2% |
| Nuveen, LLC | High Conviction | Market Mover | $5,213,612 (0.2%) | 151,163 | 48.3% |
| VERITION FUND MANAGEMENT LLC | High Conviction | Significant Flow | $5,173,500 (0.2%) | 150,000 | 182.7% |
| UBS GLOBAL ASSET MANAGEMENT AMERICAS INC | Moderate Conviction | Market Mover | $5,078,860 (0.2%) | 147,256 | 45.7% |
| CITIGROUP INC | Moderate Conviction | Market Mover | $5,055,165 (0.2%) | 146,569 | 83.3% |
| MARSHALL WACE, LLP | Moderate Conviction | Market Mover | $5,023,089 (0.2%) | 145,639 | -33.5% |
| INSIGHT WEALTH STRATEGIES, LLC | High Conviction | Minimal Flow | $4,891,303 (0.2%) | 141,818 | NEW |
| CENTERBOOK PARTNERS LP | High Conviction | Moderate Flow | $4,310,629 (0.2%) | 124,982 | -60.9% |
| JPMORGAN CHASE & CO | High Conviction | Market Mover | $4,196,088 (0.2%) | 121,661 | 230.4% |
| TWO SIGMA ADVISERS, LP | High Conviction | Significant Flow | $4,187,086 (0.2%) | 121,400 | -19.7% |
| SWISS NATIONAL BANK | High Conviction | Market Mover | $4,097,412 (0.2%) | 118,800 | 45.1% |
| Y-INTERCEPT (HONG KONG) LTD | High Conviction | Moderate Flow | $4,032,709 (0.2%) | 116,924 | 593.2% |
| UBS Group AG | Moderate Conviction | Market Mover | $3,854,671 (0.2%) | 111,762 | -58.9% |
| ENGINEERS GATE MANAGER LP | High Conviction | Moderate Flow | $3,512,738 (0.1%) | 101,848 | 892.5% |
| WOODLINE PARTNERS LP | High Conviction | Significant Flow | $3,454,518 (0.1%) | 100,160 | 51.7% |
| JW ASSET MANAGEMENT, LLC | Elite Conviction | Minimal Flow | $3,441,274 (0.1%) | 99,776 | 37.6% |
| AWH CAPITAL, L.P. | Elite Conviction | Minimal Flow | $3,190,325 (0.1%) | 92,500 | 65.1% |
| DIAMETRIC CAPITAL, LP | High Conviction | Minimal Flow | $3,155,455 (0.1%) | 91,489 | 26.7% |
| EXOME ASSET MANAGEMENT LLC | High Conviction | Minimal Flow | $3,143,695 (0.1%) | 91,148 | 46.7% |
| OCCUDO QUANTITATIVE STRATEGIES LP | High Conviction | Moderate Flow | $3,107,066 (0.1%) | 90,086 | NEW |
| LEGAL & GENERAL GROUP PLC | High Conviction | Market Mover | $2,953,932 (0.1%) | 85,646 | 38.0% |
| RAYMOND JAMES FINANCIAL INC | Moderate Conviction | Market Mover | $2,911,852 (0.1%) | 84,426 | 227.8% |
| AMERIPRISE FINANCIAL INC | Moderate Conviction | Market Mover | $2,802,347 (0.1%) | 81,251 | 1,040.0% |
| RHUMBLINE ADVISERS | High Conviction | Market Mover | $2,707,077 (0.1%) | 78,489 | 30.3% |
| OSAIC HOLDINGS, INC. | Moderate Conviction | Market Mover | $2,668,792 (0.1%) | 77,384 | 4,161.9% |
| WALLEYE TRADING LLC | Moderate Conviction | Significant Flow | $2,660,386 (0.1%) | 77,135 | -23.4% |
| SQUAREPOINT OPS LLC | Moderate Conviction | Significant Flow | $2,621,033 (0.1%) | 75,994 | NEW |
| WELLS FARGO & COMPANY/MN | Moderate Conviction | Market Mover | $2,585,715 (0.1%) | 74,970 | 175.3% |
| RUSSELL INVESTMENTS GROUP, LTD. | Moderate Conviction | Market Mover | $2,579,092 (0.1%) | 74,778 | 51.9% |
| ADVISORY SERVICES NETWORK, LLC | High Conviction | Significant Flow | $2,506,216 (0.1%) | 72,665 | 59.5% |
| ALLIANCEBERNSTEIN L.P. | High Conviction | Market Mover | $2,367,739 (0.1%) | 68,650 | 55.3% |
| SCHONFELD STRATEGIC ADVISORS LLC | High Conviction | Significant Flow | $2,266,061 (0.1%) | 65,702 | NEW |
| SIGMA PLANNING CORP | High Conviction | Moderate Flow | $2,173,905 (0.1%) | 63,030 | 34.8% |
| STATE OF WISCONSIN INVESTMENT BOARD | High Conviction | Significant Flow | $2,145,106 (0.1%) | 62,195 | 27.3% |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | High Conviction | Market Mover | $1,998,799 (0.1%) | 57,953 | 11.2% |
| BALYASNY ASSET MANAGEMENT LLC | Moderate Conviction | Market Mover | $1,989,038 (0.1%) | 57,670 | 754.6% |
| CAPITAL FUND MANAGEMENT S.A. | Moderate Conviction | Significant Flow | $1,972,828 (0.1%) | 57,200 | 445.6% |
| WCG WEALTH ADVISORS LLC | High Conviction | Moderate Flow | $1,876,629 (0.1%) | 54,411 | 200.6% |
| MARINER, LLC | High Conviction | Market Mover | $1,715,961 (0.1%) | 49,752 | 172.8% |
| SAPIENT CAPITAL LLC | Elite Conviction | Moderate Flow | $1,707,728 (0.1%) | 49,600 | 15.9% |
| ADAR1 CAPITAL MANAGEMENT, LLC | High Conviction | Low Flow | $1,690,010 (0.1%) | 49,000 | NEW |
| COLONY GROUP, LLC | High Conviction | Significant Flow | $1,639,271 (0.1%) | 61,156 | 79.6% |
| CAMPBELL & CO INVESTMENT ADVISER LLC | High Conviction | Moderate Flow | $1,531,149 (0.1%) | 44,394 | -24.4% |
| JUMP FINANCIAL, LLC | High Conviction | Significant Flow | $1,486,209 (0.1%) | 43,091 | 103.7% |
| QUANTBOT TECHNOLOGIES LP | High Conviction | Moderate Flow | $1,466,135 (0.1%) | 42,509 | 761.7% |
| SPRINGBOK CAPITAL MANAGEMENT, LLC | Moderate Conviction | Moderate Flow | $1,384,256 (0.1%) | 40,135 | 7.8% |
| METLIFE INVESTMENT MANAGEMENT, LLC | High Conviction | Significant Flow | $1,272,647 (0.1%) | 36,899 | 43.5% |
| CREATIVE PLANNING | High Conviction | Significant Flow | $1,235,714 (0.1%) | 35,828 | 92.0% |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | High Conviction | Market Mover | $1,230,362 (0.1%) | 35,673 | 48.7% |
| NORGES BANK | High Conviction | Market Mover | $1,217,738 (0.1%) | 35,307 | NEW |
| XTX TOPCO LTD | Moderate Conviction | Moderate Flow | $1,213,945 (0.1%) | 35,197 | NEW |
Implied Institutional Price History
Estimated from 13F aggregate market value ÷ shares reported across all institutional filers. Reflects quarter-end snapshot, not actual trade prices.
| Quarter | Filers | Institutional Value | Shares Held | Est. Avg Price |
|---|---|---|---|---|
| Q4 25 | 226 | $2.41B | 70,381,472 | $34.26 |
| Q3 25 | 207 | $2.04B | 90,771,403 | $22.46 |
| Q2 25 | 179 | $0.79B | 64,086,605 | $12.34 |
| Q1 25 | 169 | $0.85B | 57,992,039 | $14.65 |
| Q4 24 | 168 | $0.65B | 56,833,717 | $11.48 |
| Q3 24 | 157 | $0.56B | 57,069,380 | $9.85 |
| Q2 24 | 140 | $0.59B | 49,934,024 | $11.89 |
| Q1 24 | 142 | $0.81B | 53,074,939 | $15.32 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.