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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Farallon Capital Management
San Francisco,
California
|
+$93.9M |
| 2 |
TCM
TCG Crossover Management
Palo Alto,
California
|
+$37.1M |
| 3 |
D.E. Shaw & Co
New York
|
+$29.1M |
| 4 |
Millennium Management
New York
|
+$20.7M |
| 5 |
Jane Street
New York
|
+$15.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
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
Miami,
Florida
|
-$15.5M |
| 5 |
SC
Shay Capital
New York
|
-$14.3M |
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.