Liquidia Ownership | Who Owns Liquidia?

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Liquidia Ownership Summary

Liquidia is owned by 67.21% institutional investors, 13.61% insiders, and 19.18% retail investors. Caligan partners lp is the largest institutional shareholder, holding 10.37% of LQDA shares. Vanguard US Total Market Shares ETF is the top mutual fund, with 2.35% of its assets in Liquidia shares.

LQDA Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Liquidia	67.21%	13.61%	19.18%
Sector	Healthcare Stocks	488.30%	11.08%	-399.38%
Industry	Biotech Stocks	307.10%	11.11%	-218.21%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Caligan partners lp	8.12M	10.37%	$115.53M
Blackrock funding, inc. /de	4.89M	5.72%	$60.96M
Blackrock	4.24M	5.62%	$50.89M
Farallon capital management	4.24M	4.95%	$52.81M
Vanguard group	3.56M	4.54%	$41.83M
Findell capital management	3.08M	3.93%	$36.22M
State street	2.23M	2.96%	$26.78M
Opaleye management	1.70M	2.17%	$19.97M
Deerfield management company, l.p. (series c)	1.62M	1.89%	$20.15M
Geode capital management	1.34M	1.71%	$15.75M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Caligan partners lp	8.12M	29.26%	$115.53M
Findell capital management	3.08M	14.82%	$36.22M
Harbert fund advisors	259.81K	9.71%	$3.24M
Tyro capital management	1.24M	6.07%	$15.47M
Whitefort capital management, lp	1.33M	4.87%	$16.59M
Patient square capital lp	1.02M	4.58%	$12.71M
Opaleye management	1.70M	3.49%	$19.97M
Velan capital investment management lp	300.00K	3.04%	$3.53M
Lb partners	200.00K	1.59%	$2.49M
Acuta capital partners	75.88K	1.32%	$945.41K

Top Buyers

Holder	Shares	% Assets	Change
Tyro capital management	1.24M	6.07%	1.24M
State street	2.23M	0.00%	1.01M
Shay capital	705.76K	1.01%	705.76K
Invesco	700.17K	0.00%	674.94K
Hudson bay capital management lp	588.56K	0.02%	588.56K

Top Sellers

Holder	Shares	% Assets	Change
Lm advisors	-	-	-2.21M
Vestal point capital, lp	-	-	-1.23M
Patient square capital lp	1.02M	4.58%	-502.45K
Adage capital partners gp	-	-	-461.25K
Kynam capital management, lp	200.05K	0.27%	-433.75K

New Positions

Holder	Shares	% Assets	Change	Value
Tyro capital management	1.24M	6.07%	1.24M	$15.47M
Shay capital	705.76K	1.01%	705.76K	$8.79M
Hudson bay capital management lp	588.56K	0.02%	588.56K	$7.33M
Lmr partners llp	402.40K	0.04%	402.40K	$4.83M
Norges bank	156.70K	0.00%	156.70K	$1.88M

Sold Out

Holder	Change
National bank of canada /fi/	-1.00
Allspring global investments	-9.00
Providence capital advisors	-19.00
Smartleaf asset management	-20.00
Stephens consulting	-25.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Jun 30, 2025	199	9.94%	57,525,195	5.08%	67	1.63%	104	13.04%	57	9.62%
Mar 31, 2025	180	-	54,721,695	2.35%	64	1.38%	92	-8.91%	52	36.84%
Dec 31, 2024	172	2.38%	49,672,620	-5.57%	63	1.41%	98	11.36%	34	-27.66%
Sep 30, 2024	167	8.44%	52,551,415	13.31%	67	1.82%	88	-1.12%	46	35.29%
Jun 30, 2024	153	-2.55%	46,378,956	0.30%	61	1.22%	89	-3.26%	33	-8.33%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Vanguard US Total Market Shares ETF	2.00M	2.35%	121.50K
Vanguard Total Stock Mkt Idx Inv	2.01M	2.34%	-44.59K
iShares Russell 2000 ETF	1.55M	1.80%	-
Jupiter Merian Glb Eq AbsRet I USD Acc	1.23M	1.42%	1.23M
Fidelity Small Cap Index	643.72K	0.75%	2.09K
Fidelity Small Cap Growth	605.50K	0.70%	-
iShares Russell 2000 Growth ETF	560.13K	0.65%	-
Vanguard Institutional Extnd Mkt Idx Tr	513.51K	0.60%	-224.44K
Invesco Pharmaceuticals ETF	451.40K	0.53%	-1.54K
State St Russell Sm/Mid Cp® Indx NL Cl C	371.27K	0.44%	1.30K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Oct 13, 2025	Schundler Russell	General Counsel	Sell	$183.51K
Oct 13, 2025	Kaseta Michael	CFO and COO	Sell	$272.26K
Oct 13, 2025	Moomaw Scott	Chief Commercial Officer	Sell	$114.71K
Oct 13, 2025	Saggar Rajeev	Chief Medical Officer	Sell	$124.71K
Oct 13, 2025	Boyle Dana	Chief Accounting Officer	Sell	$28.98K

Insider Transactions Trends

Date	Buy	Sell
2025 Q4	-	8
2025 Q3	-	30
2025 Q2	-	18
2025 Q1	-	12
2024 Q4	-	13

LQDA Ownership FAQ

Who Owns Liquidia?

Liquidia shareholders are primarily institutional investors at 67.21%, followed by 13.61% insiders and 19.18% retail investors. The average institutional ownership in Liquidia's industry, Biotech Stocks , is 307.10%, which Liquidia falls below.

Who owns the most shares of Liquidia?

Liquidia’s largest shareholders are Caligan partners lp (8.12M shares, 10.37%), Blackrock funding, inc. /de (4.89M shares, 5.72%), and Blackrock (4.24M shares, 5.62%). Together, they hold 21.71% of Liquidia’s total shares outstanding.

Does Blackrock own Liquidia?

Yes, BlackRock owns 5.62% of Liquidia, totaling 4.24M shares as of Jun 2024. This represents 0.00% of BlackRock's total assets, with a market value of 50.89M$. In the last quarter, BlackRock increased its holdings by 493.25K shares, a 13.16% change.

Who is Liquidia’s biggest shareholder by percentage of total assets invested?

Caligan partners lp is Liquidia’s biggest shareholder by percentage of total assets invested, with 29.26% of its assets in 8.12M Liquidia shares, valued at 115.53M$.

Who is the top mutual fund holder of Liquidia shares?

Vanguard US Total Market Shares ETF is the top mutual fund holder of Liquidia shares, with 2.35% of its total shares outstanding invested in 2M Liquidia shares.

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