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Liquidia Corp
LQDA

199 hedge funds and large institutions have $1.48B invested in Liquidia Corp in 2025 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 64 increasing their positions, 60 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

106% more capital invested

Capital invested by funds: $717M → $1.48B (+$759M)

73% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 30

12% more funds holding

Funds holding: 177 → 199 (+22)

7.72% more ownership

Funds ownership: 67.29% → 75.01% (+7.7%)

7% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 60

3% less call options, than puts

Call options by funds: $183M | Put options by funds: $188M

13% less funds holding in top 10

Funds holding in top 10: 8 → 7 (-1)

Holders
199
Holders Change
+22
Holders Change %
+12.43%
% of All Funds
2.61%
Holding in Top 10
7
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-12.5%
% of All Funds
0.09%
New
52
Increased
64
Reduced
60
Closed
30
Calls
$183M
Puts
$188M
Net Calls
-$5.69M
Net Calls Change
-$16.4M

Top Buyers

Rank Fund Capital Flow
1
FCM
Farallon Capital Management
California
+$93.9M
2
TCM
TCG Crossover Management
California
+$37.1M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$29.1M
4
Millennium Management
Millennium Management
New York
+$20.7M
5
Jane Street
Jane Street
New York
+$15.6M

Top Sellers

Rank Fund Capital Flow
1
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$34.8M
2
DM
Deerfield Management
New York
-$20.1M
3
WCM
Whitefort Capital Management
New York
-$15.7M
4
TCM
Tyro Capital Management
Florida
-$15.5M
5
SC
Shay Capital
New York
-$14.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
EP
26
Eversept Partners
New York
$11.1M +$2.76M +127,193 +35%
CP
27
CenterBook Partners
Connecticut
$11M -$13.4M -619,001 -56%
Renaissance Technologies
28
Renaissance Technologies
New York
$11M +$10.5M +484,753 New
Citadel Advisors
29
Citadel Advisors
Florida
$10.2M +$1.71M +78,613 +21%
Two Sigma Investments
30
Two Sigma Investments
New York
$9.87M -$6.79M -312,897 -42%
ACA
31
Apis Capital Advisors
New York
$9.57M +$9.13M +420,800 New
UBS Group
32
UBS Group
Switzerland
$9.38M +$2.99M +137,732 +50%
TI
33
Trexquant Investment
Connecticut
$9.22M +$8.8M +405,654 New
PSC
34
Patient Square Capital
California
$9.1M -$13.4M -620,000 -61%
Marshall Wace
35
Marshall Wace
United Kingdom
$7.56M -$7.13M -328,473 -50%
OAM
36
Oberweis Asset Management
Illinois
$7.3M – – –
Federated Hermes
37
Federated Hermes
Pennsylvania
$7.29M +$6.95M +320,597 New
MFS
38
Mirabella Financial Services
United Kingdom
$5.63M -$4.42M -203,827 -45%
PFCS
39
Pale Fire Capital SE
Czech Republic
$5.47M +$3.36M +155,021 +181%
Wellington Management Group
40
Wellington Management Group
Massachusetts
$5.45M +$772K +35,602 +17%
Two Sigma Advisers
41
Two Sigma Advisers
New York
$5.22M -$2.06M -95,000 -29%
Bank of New York Mellon
42
Bank of New York Mellon
New York
$4.78M +$160K +7,374 +4%
LP
43
LB Partners
Virginia
$4.55M – – –
MB
44
MPM BioImpact
Massachusetts
$4.55M +$4.34M +200,000 New
GCM
45
Greenland Capital Management
New York
$4.31M +$2.54M +117,228 +162%
HS
46
HighVista Strategies
Massachusetts
$4.01M +$1.21M +55,844 +46%
BBVA
47
Banco Bilbao Vizcaya Argentaria
Spain
$3.79M -$90.7K -4,180 -2%
DSCM
48
Divisadero Street Capital Management
Florida
$3.59M +$3.43M +158,004 New
HFA
49
Harbert Fund Advisors
Alabama
$3.52M -$2.28M -105,000 -40%
N
50
Nuveen
North Carolina
$3.52M – – –
1
2
3 4 5

LQDA Hedge Fund Activity: Q3 2025 in Review

199 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Liquidia Corp (LQDA) for Q3 2025, worth a combined $1.48B — up 106% from $717M a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new LQDA positions and 30 closed out — a net gain of 22 holders — while 64 added to existing stakes and 60 trimmed.

The largest buyer was Farallon Capital Management, adding an estimated $93.9M. The largest seller was Janus Henderson Group, cutting an estimated $34.8M.

  • 199 institutional investors held Liquidia Corp (LQDA) as of Q3 2025, up from 177 in Q2 2025.
  • Funds reported $1.48B of Liquidia Corp stock for Q3 2025, up 106% quarter-over-quarter.
  • 52 funds opened new Liquidia Corp positions in Q3 2025 and 30 closed out, a net change of +22 holders.
  • The largest Liquidia Corp buyer in Q3 2025 was Farallon Capital Management, an estimated $93.9M added.
  • The largest Liquidia Corp seller in Q3 2025 was Janus Henderson Group, an estimated $34.8M sold.

Based on aggregated 13F filings for Q3 2025.