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LQDA in the 13F filings

Liquidia Corporation · CUSIP 53635D202

Sector · Pharmaceuticals and biotechnologyTheme · Healthcare: biopharma and medtech· L3VLUP-definedTheme · Pharmaceutical preparations
Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q2 2023Q1 2023
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
29
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 3 listed it in both
Shares listed
15,257,326
combined, among listed positions
Reported value
$526m
combined, at the quarter end

Among the 92 comparable managers: 14 buyers (opened or added shares) and 16 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,887,858.

Managers listing LQDA in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

29 of 29 holders

ActionFiling
Farallon Capital Management LLC8,656,038$299m1.29%Added+90,40017 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.1,667,382$58munder 0.1%Added+179,48117 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC800,196$28munder 0.1%Added+350,63217 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC532,425$18m0.06%Trimmed-20,40617 Feb 2026 (the filing on sec.gov)
Invesco Ltd420,621$15munder 0.1%Added+341,00919 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC417,638$14munder 0.1%Trimmed-355,65812 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)378,344$13munder 0.1%Trimmed-529,33517 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP350,048$12munder 0.1%Trimmed-84,05317 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP262,106$9.0munder 0.1%Trimmed-607,90717 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP233,144$8.0munder 0.1%Trimmed-6,43617 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC206,853$7.1munder 0.1%Trimmed-277,90012 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC155,349$5.4munder 0.1%Added+1,50413 Feb 2026 (the filing on sec.gov)
Caxton Associates LLP155,006$5.3m0.10%Added+137,88513 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP145,639$5.0munder 0.1%Trimmed-186,65013 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP121,400$4.2munder 0.1%Trimmed-108,00017 Feb 2026 (the filing on sec.gov)
Millennium Management LLC105,616$3.6munder 0.1%Trimmed-869,08717 Feb 2026 (the filing on sec.gov)
Woodline Partners LP100,160$3.5munder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC75,000$2.6munder 0.1%Trimmed-5,47613 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP68,650$2.4munder 0.1%Added+1,60017 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC67,894$2.3munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC65,702$2.3munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC57,670$2.0munder 0.1%Added+47,43517 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp56,741$2.0munder 0.1%Trimmed-10,81617 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP42,509$1.5munder 0.1%Added+35,02710 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc37,111$1.3munder 0.1%Trimmed-22,90217 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (4)

Exited (3)

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
2 in Q3 2024 to 3 in Q2 2026

Tracked managers listing it, at least.

01234Q1 2019Q3 2020Q1 2023Q1 2024Q3 2024Q1 2025Q3 2025Q1 2026Q2 2026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
LQDA by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20191$1.1mn.a.n.a.
Q2 20202$16mn.a.n.a.
Q3 20201$9.2mn.a.n.a.
Q3 20221$3.3mn.a.n.a.
Q1 20231$2.1mn.a.n.a.
Q2 20231$2.1mn.a.n.a.
Q1 20241$30m10
Q2 20241$25m00
Q3 20242$37m20
Q4 20242$44m10
Q1 20251$59m10
Q2 20252$60m20
Q3 20253$208m30
Q4 20254$323m1416
Q1 20262$331m1214
Q2 20263$775m1317

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

LQDA and LLY →LQDA and JNJ →LQDA and VRTX →Choose a stock to compare with LQDA →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own LQDA, latest filings →Back to the 13F Explorer →