Liquidia Ownership | Who Owns Liquidia?

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Liquidia Ownership Summary

Liquidia is owned by 73.00% institutional investors, 13.19% insiders, and 13.81% retail investors. Farallon capital management is the largest institutional shareholder, holding 10.01% 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	73.00%	13.19%	13.81%
Sector	Healthcare Stocks	42.50%	10.81%	46.69%
Industry	Biotech Stocks	45.24%	10.75%	44.01%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Farallon capital management	8.57M	10.01%	$194.78M
Caligan partners lp	8.12M	9.49%	$184.62M
Blackrock funding, inc. /de	5.23M	6.11%	$118.90M
Blackrock	4.24M	5.62%	$50.89M
Vanguard group	3.96M	4.63%	$90.08M
Findell capital management	2.83M	3.31%	$64.35M
Goldman sachs group	2.78M	3.25%	$63.27M
Opaleye management	2.62M	3.06%	$59.47M
State street	1.91M	2.24%	$43.52M
Tcg crossover management	1.71M	2.00%	$38.89M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Findell capital management	2.83M	25.40%	$64.35M
Caligan partners lp	8.12M	24.18%	$184.62M
Harbert fund advisors	154.81K	22.97%	$3.52M
Opaleye management	2.62M	8.41%	$59.47M
Whitefort capital management, lp	607.41K	4.08%	$13.81M
One68 global capital	10.00K	3.67%	$227.40K
Lb partners	200.00K	2.92%	$4.55M
Patient square capital lp	400.00K	2.43%	$9.10M
Apis capital advisors	420.80K	2.11%	$9.57M
Awh capital	85.00K	2.02%	$1.93M

Top Buyers

Holder	Shares	% Assets	Change
Farallon capital management	8.57M	0.80%	4.33M
Tcg crossover management	1.71M	1.91%	1.71M
Caprock group	1.63M	1.11%	1.63M
Jane street group	773.30K	0.00%	718.28K
Morgan stanley	1.01M	0.00%	565.82K

Top Sellers

Holder	Shares	% Assets	Change
Lm advisors	-	-	-2.21M
Deerfield management company, l.p. (series c)	-	-	-1.62M
Tyro capital management	-	-	-1.24M
Vestal point capital, lp	-	-	-1.23M
Whitefort capital management, lp	607.41K	4.08%	-724.19K

New Positions

Holder	Shares	% Assets	Change	Value
Tcg crossover management	1.71M	1.91%	1.71M	$38.89M
Caprock group	1.63M	1.11%	1.63M	$45.18M
Voloridge investment management	552.83K	0.04%	552.83K	$12.57M
Apis capital advisors	420.80K	2.11%	420.80K	$9.57M
Trexquant investment lp	405.65K	0.10%	405.65K	$9.22M

Sold Out

Holder	Change
National bank of canada /fi/	-1.00
Allspring global investments	-9.00
Providence capital advisors	-19.00
Stephens consulting	-25.00
Riverview trust	-52.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Sep 30, 2025	222	11.56%	62,480,724	8.61%	73	1.62%	115	10.58%	61	7.02%
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%

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
Dec 01, 2025	Schundler Russell	General Counsel	Sell	$34.51K
Dec 01, 2025	Krepp Sarah	Chief Human Resource Officer	Sell	$7.11K
Dec 01, 2025	Kaseta Michael	CFO and COO	Sell	$37.53K
Dec 01, 2025	Boyle Dana	Chief Accounting Officer	Sell	$9.75K
Dec 01, 2025	Adair Jason	Chief Business Officer	Sell	$22.31K

Insider Transactions Trends

Date	Buy	Sell
2025 Q4	-	21
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 73.00%, followed by 13.19% insiders and 13.81% retail investors. The average institutional ownership in Liquidia's industry, Biotech Stocks , is 45.24%, which Liquidia exceeds.

Who owns the most shares of Liquidia?

Liquidia’s largest shareholders are Farallon capital management (8.57M shares, 10.01%), Caligan partners lp (8.12M shares, 9.49%), and Blackrock funding, inc. /de (5.23M shares, 6.11%). Together, they hold 25.60% 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?

Findell capital management is Liquidia’s biggest shareholder by percentage of total assets invested, with 25.40% of its assets in 2.83M Liquidia shares, valued at 64.35M$.

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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