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Tang Capital Management’s Liquidia Corp LQDA Stock Holding History

Tang Capital Management’s Portfolio LQDA Stock Details LQDA Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-1,143,759
Closed -$26M – 145
2025
Q3 		$26M Hold
1,143,759
– – 1% 30
2025
Q2 		$14.3M Sell
1,143,759
-56,241
-5% -$833K 0.72% 39
2025
Q1 		$17.7M Buy
1,200,000
+100,000
+9% +$1.46M 0.98% 27
2024
Q4 		$12.9M Buy
1,100,000
+300,000
+38% +$3.28M 0.86% 31
2024
Q3 		$8M Buy
800,000
+450,000
+129% +$4.92M 0.57% 52
2024
Q2 		$4.2M Buy
350,000
+200,000
+133% +$2.65M 0.43% 63
2024
Q1 		$2.21M Buy
+150,000
New +$2.09M 0.23% 76

Other funds holding LQDA

FCM
Farallon Capital Management San Francisco, California $21.7B AUM 79.24% 1-Year Est. Return
CP
Caligan Partners New York $2.13B AUM 758.65% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
FCM
Findell Capital Management New York $710M AUM 250.3% 1-Year Est. Return
OM
Opaleye Management Boston, Massachusetts $1.1B AUM 197.64% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $3.38T AUM 44.17% 1-Year Est. Return
CG
Caprock Group Boise, Idaho $5.22B AUM 42.47% 1-Year Est. Return
TCM
TCG Crossover Management Palo Alto, California $4.16B AUM 983.43% 1-Year Est. Return

Tang Capital Management's LQDA Position: Q4 2025 in Review

Tang Capital Management sold out of Liquidia Corp (LQDA) in Q4 2025, closing a stake of 1,143,759 shares — an estimated $26M sold.

Tang Capital Management first reported a position in LQDA in Q1 2024 and held it in 7 quarters. The position peaked at $26M in Q3 2025. 226 funds tracked by Wall St. Rank hold LQDA as of Q4 2025.

  • Tang Capital Management reported no remaining Liquidia Corp position as of Q4 2025 after selling out during the quarter.
  • Tang Capital Management sold 1,143,759 Liquidia Corp shares in Q4 2025, an estimated $26M.
  • Tang Capital Management first reported a position in Liquidia Corp in Q1 2024 and held it in 7 quarters.
  • Tang Capital Management's Liquidia Corp position peaked at $26M in Q3 2025.
  • 226 funds tracked by Wall St. Rank held Liquidia Corp as of Q4 2025.

Based on Tang Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.