$LGND

$311.73 +$3.43 (1.11%) Close

$LGND Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 19.9M shares outstanding

Who owns LGND?

By type of holder

Institutions 100.0% Insiders 0.0% Everyone else 0.0%

Concentration Top 10 holders own 54.9%

BlackRock, Inc. 15.6% · Invesco Ltd. 6.0%

Institutional ownership

100.0%

0 pts vs last qtr

Institutional holders

412

+54 vs last qtr

Net shares bought

+1.8M

by institutions in Q2 2026

New / sold out

95 / 41

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Jupiter Topco LLC NEW +1.0M
Invesco Ltd. +378.0K

Biggest sellers in Q2 2026

Janus Henderson Group PLC SOLD OUT −1.0M
Bank Of Montreal /can/ −63.9K

Who is planning to sell?

Notices of proposed sale, last 12 months

$37M

28 notices from 11 people

Shares covered

147.2K

0.74% of the company

Arranged in advance

67%

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Octavio Espinoza Officer $12.9M
Andrew Reardon Officer 10b5-1 $11.5M

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

−2.6%

−0.29% a year

Each share's claim on the business

+2.6%

grew without buying or selling a share

Spent on buybacks vs paid in stock

$675M vs $333M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years66% 3–5 years5% 1–3 years14% Under 1 year14%

Quarterly turnover

14.9%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting LGND on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	3.1M	15.56%	+139.1K (+4.7%)	≤2021	0.0%
Shares held by quarter Peak holding3.1M (Q2'26) Change over 8 quarters+101.4K Share of the company15.560% BlackRock, Inc.'s full portfolio →
I Invesco Ltd.	1.2M	6.03%	+378.0K (+45.9%)	≤2021	0.0%
Shares held by quarter Peak holding1.2M (Q2'26) Change over 8 quarters+1.0M Share of the company6.030% Invesco Ltd.'s full portfolio →

BlackRock, Inc.

3.1M

% of company

15.56%

Change vs last qtr

+139.1K (+4.7%)

Held since

≤2021

Invesco Ltd.

1.2M

% of company

6.03%

Change vs last qtr

+378.0K (+45.9%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Ligand Pharmaceuticals Incorporated, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting LGND on Form N-PORT; together they hold 62.2% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IC iShares Core S&P Small-Cap ETF iShares Trust	$382M	1.2M	6.06%	0.34%	June 30, 2026
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$191M	605.7K	3.04%	0.01%	June 30, 2026

iShares Core S&P Small-Cap ETF

iShares Trust

Position value

$382M

% of company

6.06%

% of the fund

0.34%

As of

June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$191M

% of company

3.04%

% of the fund

0.01%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Ligand Pharmaceuticals Incorporated and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
DT Davis Todd C Insider	199.5K	1.00%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company1.000% Davis Todd C's insider activity →
AJ Aryeh Jason Insider	124.8K	0.63%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.630% Aryeh Jason's insider activity →

Davis Todd C

Insider

199.5K

% of company

1.00%

Change vs last qtr

—

Held since

—

Aryeh Jason

Insider

124.8K

% of company

0.63%

Change vs last qtr

—

Held since

—

8 more holders behind a free account

See every insider and 5%+ holder of Ligand Pharmaceuticals Incorporated.

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