Liquidia Corp
LQDA
226 hedge funds and large institutions have $2.13B invested in Liquidia Corp in 2025 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 69 increasing their positions, 72 reducing their positions, and 34 closing their positions.
79% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 34
56% more call options, than puts
Call options by funds: $208M | Put options by funds: $133M
44% more capital invested
Capital invested by funds: $1.48B → $2.13B (+$656M)
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
14% more funds holding
Funds holding: 199 → 226 (+27)
4% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 72
3.92% less ownership
Funds ownership: 75.01% → 71.09% (-3.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MB
MPM BioImpact
Boston,
Massachusetts
|
+$34.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$33.1M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
+$12.4M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$9.98M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$9.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$59.2M |
| 2 |
TCM
Tang Capital Management
San Diego,
California
|
-$26M |
| 3 |
Millennium Management
New York
|
-$24.7M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$18.1M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$17.3M |
LQDA Hedge Fund Activity: Q4 2025 in Review
226 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Liquidia Corp (LQDA) for Q4 2025, worth a combined $2.13B — up 44% from $1.48B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new LQDA positions and 34 closed out — a net gain of 27 holders — while 69 added to existing stakes and 72 trimmed.
The largest buyer was MPM BioImpact, adding an estimated $34.2M. The largest seller was Goldman Sachs, cutting an estimated $59.2M.
- 226 institutional investors held Liquidia Corp (LQDA) as of Q4 2025, up from 199 in Q3 2025.
- Funds reported $2.13B of Liquidia Corp stock for Q4 2025, up 44% quarter-over-quarter.
- 61 funds opened new Liquidia Corp positions in Q4 2025 and 34 closed out, a net change of +27 holders.
- The largest Liquidia Corp buyer in Q4 2025 was MPM BioImpact, an estimated $34.2M added.
- The largest Liquidia Corp seller in Q4 2025 was Goldman Sachs, an estimated $59.2M sold.
Based on aggregated 13F filings for Q4 2025.