Latest Period
Q4 2025
Security Snapshot
Liquidia Corp - Common Stock, par value $0.001 per share (the "Shares") (LQDA) Institutional Ownership
CUSIP: 53635D202
13F Institutional Holders and Ownership History from Q3 2018 to Q1 2026
Institutions Reporting
226
Shares (Excl. Options)
61,868,805
Price
$34.49
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- Type / Class
- Equity / Common Stock, par value $0.001 per share (the "Shares")
- Symbol
- LQDA on Nasdaq
- Shares outstanding
- 87,434,727
- Price per share
- $38.55
- All holders as of 31 Dec 2025
- Q4 2025
- Total 13F shares
- 61,868,805
- Total reported value
- $2,134,013,901
- % of total 13F portfolios
- 0.01%
- Share change
- -3,172,089
- Value change
- -$81,282,368
- Number of holders
- 226
- Price from insider filings
- $38.55
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors
Quick Takeaways
- LQDA - Liquidia Corp - Common Stock, par value $0.001 per share (the "Shares") is tracked under CUSIP 53635D202.
- 226 institutions reported positions in Q4 2025.
- 2 significant owners is listed from Schedule 13D/13G reporting.
What Changed
- Holder count moved from 226 to 54 between Q4 2025 and Q1 2026.
- Reported value moved from $2,134,013,901 to $66,535,069.
Why This Matters
- You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
- 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.
Source Evidence
Source: SEC Form 13F
Open SEC Evidence
Latest holder context comes from 226 institutions filings for Q4 2025.
Investment Quick Answers
What is CUSIP 53635D202?
CUSIP 53635D202 identifies LQDA - Liquidia Corp - Common Stock, par value $0.001 per share (the "Shares") in SEC 13F datasets.
Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.
Next ownership checks
Use the next link that matches the question you still need to answer about this security.
- Latest 13F filings when you want to inspect fresh institutional portfolio moves.
- Latest Schedule 13D/13G reports when you need large-owner changes outside the 13F cycle.
- All institutional ownership pages to compare this security with other holder-history pages.
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 53635D202:
Significant Owners of Liquidia Corp - Common Stock, par value $0.001 per share (the "Shares") (LQDA) based on Schedule 13D/G filings
| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| Farallon Capital Partners, L.P. | 9.9% | -0.5% | $316,810,991 | +$3,308,640 | 8,656,038 | +1.1% | Dapice Joshua J. | 31 Dec 2025 |
| Legend Aggregator, LP | 2.2% | $26,101,005 | 1,860,371 | Legend Aggregator, LP | 31 Dec 2024 |
As of 31 Dec 2025, 226 institutional investors reported holding 61,868,805 shares of Liquidia Corp - Common Stock, par value $0.001 per share (the "Shares") (LQDA). This represents 71% of the company’s total 87,434,727 outstanding shares.
Top 25 Institutional Shareholders
The largest institutional shareholders of Liquidia Corp - Common Stock, par value $0.001 per share (the "Shares") (LQDA) together control 57% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| FARALLON CAPITAL MANAGEMENT LLC | 9.9% | 8,656,038 | +1.1% | 1.7% | $298,546,751 |
| Caligan Partners LP | 9.3% | 8,118,892 | 0% | 26% | $280,020,585 |
| BlackRock, Inc. | 6.3% | 5,488,363 | +5% | 0% | $189,293,640 |
| VANGUARD GROUP INC | 4.6% | 4,013,888 | +1.3% | 0% | $138,438,996 |
| FINDELL CAPITAL MANAGEMENT LLC | 3.3% | 2,851,449 | +0.76% | 33% | $98,346,476 |
| Opaleye Management Inc. | 2.8% | 2,435,000 | -6.9% | 11% | $84,981,500 |
| BANK OF AMERICA CORP /DE/ | 2.2% | 1,927,420 | +152% | 0% | $66,476,716 |
| STATE STREET CORP | 2.1% | 1,808,859 | -5.5% | 0% | $62,387,547 |
| Caprock Group, LLC | 2% | 1,783,921 | +9.3% | 1.3% | $61,527,435 |
| TCG Crossover Management, LLC | 2% | 1,710,084 | 0% | 2% | $58,980,797 |
| D. E. Shaw & Co., Inc. | 1.9% | 1,667,382 | +12% | 0.04% | $57,508,005 |
| GEODE CAPITAL MANAGEMENT, LLC | 1.9% | 1,620,811 | +0.82% | 0% | $55,911,300 |
| MPM BIOIMPACT LLC | 1.6% | 1,400,869 | +600% | 5.5% | $48,315,972 |
| CITADEL ADVISORS LLC | 0.92% | 800,196 | +78% | 0.02% | $27,598,760 |
| GOLDMAN SACHS GROUP INC | 0.81% | 704,097 | -75% | 0% | $24,284,305 |
| Buckley Capital Advisors, LLC | 0.74% | 649,386 | 0% | 19% | $22,397,323 |
| BOOTHBAY FUND MANAGEMENT, LLC | 0.7% | 613,548 | -12% | 0.56% | $21,161,271 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.64% | 561,745 | -0.15% | 0% | $19,374,585 |
| NORTHERN TRUST CORP | 0.64% | 560,829 | -6% | 0% | $19,342,992 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | 0.61% | 532,425 | -3.7% | 0.06% | $18,363,338 |
| Eversept Partners, LP | 0.58% | 509,443 | +4.8% | 0.99% | $17,570,689 |
| FEDERATED HERMES, INC. | 0.56% | 486,333 | +52% | 0.03% | $16,773,626 |
| MORGAN STANLEY | 0.54% | 473,532 | -53% | 0% | $16,332,117 |
| PRUDENTIAL FINANCIAL INC | 0.53% | 459,766 | +1852% | 0.02% | $15,857,329 |
| Invesco Ltd. | 0.48% | 420,621 | +428% | 0% | $14,507,219 |
Institutional Holders of Liquidia Corp - Common Stock, par value $0.001 per share (the "Shares") (LQDA) across Reporting Periods
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q1 | 1,763,630 | $66,535,069 | +$16,307,538 | $37.74 | 54 |
| 2025 Q4 | 61,868,805 | $2,134,013,901 | -$81,282,368 | $34.49 | 226 |
| 2025 Q3 | 64,455,953 | $1,473,833,234 | +$210,250,998 | $22.74 | 198 |
| 2025 Q2 | 57,450,201 | $715,931,369 | +$23,642,398 | $12.46 | 175 |
| 2025 Q1 | 54,741,874 | $808,018,851 | +$50,747,752 | $14.75 | 167 |
| 2024 Q4 | 51,278,976 | $623,067,692 | -$15,778,669 | $11.76 | 162 |
| 2024 Q3 | 52,563,357 | $525,749,895 | +$60,475,217 | $10.00 | 150 |
| 2024 Q2 | 46,362,301 | $556,348,558 | +$1,236,522 | $12.00 | 136 |
| 2024 Q1 | 46,191,835 | $681,327,102 | +$156,890,444 | $14.75 | 137 |
| 2023 Q4 | 35,668,983 | $428,989,388 | +$47,816,659 | $12.03 | 114 |
| 2023 Q3 | 28,522,201 | $180,898,515 | -$5,330,407 | $6.34 | 101 |
| 2023 Q2 | 29,128,342 | $228,708,126 | -$2,844,466 | $7.85 | 101 |
| 2023 Q1 | 29,465,903 | $203,608,868 | +$183,299 | $6.91 | 89 |
| 2022 Q4 | 29,493,884 | $187,731,658 | +$10,410,552 | $6.37 | 83 |
| 2022 Q3 | 3,514,200 | $19,114,211 | -$24,024,259 | $5.44 | 23 |
| 2022 Q2 | 23,008,892 | $100,320,024 | +$33,273,314 | $4.36 | 79 |
| 2022 Q1 | 14,073,203 | $101,047,099 | +$25,919,740 | $7.18 | 64 |
| 2021 Q4 | 10,640,127 | $51,814,458 | +$122,725 | $4.87 | 46 |
| 2021 Q3 | 10,324,136 | $28,489,964 | -$918,071 | $2.76 | 39 |
| 2021 Q2 | 10,641,897 | $30,435,898 | -$3,401,101 | $2.86 | 50 |
| 2021 Q1 | 11,896,289 | $32,001,593 | +$2,136,047 | $2.69 | 54 |
| 2020 Q4 | 11,069,371 | $32,655,326 | -$27,614,144 | $2.95 | 52 |
| 2020 Q3 | 15,810,582 | $77,864,455 | -$22,724,316 | $4.92 | 61 |
| 2020 Q2 | 19,044,849 | $160,353,767 | +$81,502,306 | $8.42 | 75 |
| 2020 Q1 | 9,818,557 | $46,244,890 | -$1,469,764 | $4.71 | 48 |
| 2019 Q4 | 13,084,769 | $55,962,702 | +$10,779,767 | $4.27 | 47 |
| 2019 Q3 | 10,516,633 | $37,441,304 | -$2,455,729 | $3.56 | 43 |
| 2019 Q2 | 10,962,787 | $87,701,680 | -$103,333 | $8.00 | 43 |
| 2019 Q1 | 10,506,870 | $119,565,229 | +$36,219,547 | $11.38 | 46 |
| 2018 Q4 | 7,318,497 | $158,520,173 | +$3,569,673 | $21.66 | 32 |
| 2018 Q3 | 4,189,135 | $114,907,000 | +$114,907,000 | $27.43 | 31 |