$LQDA

$43.74 +$1.09 (2.56%) Close

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

Ownership

13F as of Q2 2026 · 89.5M shares outstanding

Who owns LQDA?

By type of holder

Institutions 80.5% Insiders 17.7% Everyone else 1.8%

Concentration Top 10 holders own 52.4%

BlackRock, Inc. 12.1% · Farallon Capital Management, L.L.C. 9.4%

Institutional ownership

80.5%

+11.7 pts vs last qtr

Institutional holders

333

+90 vs last qtr

Net shares bought

+10.5M

by institutions in Q2 2026

New / sold out

127 / 37

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

BlackRock, Inc. +5.3M
Fuller & Thaler Asset Management, Inc. NEW +1.2M

Biggest sellers in Q2 2026

Susquehanna International Group, LLP SOLD OUT −1.0M
Jane Street Group, LLC −654.3K

Who is planning to sell?

Notices of proposed sale, last 12 months

$136M

36 notices from 14 people

Shares covered

2.6M

2.94% of the company

Arranged in advance

38%

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Canaan VIII LP Director $57.1M
Serendipity Biopharma LLC Director 10b5-1 $24.2M

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, FY2019–FY2025

+365.6%

+29.22% a year

Each share's claim on the business

−78.5%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

— vs $81.7M

over 7 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+ years38% 3–5 years20% 1–3 years26% Under 1 year17%

Quarterly turnover

19.3%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting LQDA on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	10.8M	12.05%	+5.3M (+96.5%)	≤2021	0.0%
Shares held by quarter Peak holding10.8M (Q2'26) Change over 8 quarters+6.6M Share of the company12.050% BlackRock, Inc.'s full portfolio →
FC Farallon Capital Management, L.L.C.	8.4M	9.35%	−291.0K (−3.4%)	2024	3.1%
Shares held by quarter Peak holding8.7M (Q4'25) Change over 8 quarters+5.1M Share of the company9.350% Farallon Capital Management, L.L.C.'s full portfolio →

BlackRock, Inc.

10.8M

% of company

12.05%

Change vs last qtr

+5.3M (+96.5%)

Held since

≤2021

Farallon Capital Management, L.L.C.

8.4M

% of company

9.35%

Change vs last qtr

−291.0K (−3.4%)

Held since

2024

28 more super investors behind a free account

See every manager holding Liquidia Corporation, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting LQDA on Form N-PORT; together they hold 26.8% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IC iShares Core S&P Small-Cap ETF iShares Trust	$337M	4.2M	4.73%	0.30%	June 30, 2026
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$180M	2.3M	2.52%	0.01%	June 30, 2026

iShares Core S&P Small-Cap ETF

iShares Trust

Position value

$337M

% of company

4.73%

% of the fund

0.30%

As of

June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$180M

% of company

2.52%

% of the fund

0.01%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Liquidia Corporation 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
MP Manning Paul B Insider	3.3M	3.72%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company3.720% Manning Paul B's insider activity →
JR Jeffs Roger Insider	2.2M	2.42%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company2.420% Jeffs Roger's insider activity →

Manning Paul B

Insider

3.3M

% of company

3.72%

Change vs last qtr

—

Held since

—

Jeffs Roger

Insider

2.2M

% of company

2.42%

Change vs last qtr

—

Held since

—

14 more holders behind a free account

See every insider and 5%+ holder of Liquidia Corporation.

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