Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

LIQUIDIA CORPORATION (LQDA)

244 + Investors. Track Smart Money conviction in LQDA. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +18
Streak
9Q ▲
Buyers last Q
53%

Smart Money Signals — LQDA

Based on 219 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 9 quarters in a row

last 6Q
For 9 consecutive quarters, more hedge funds added LQDA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
219 hedge funds hold LQDA right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +36% more funds vs a year ago

fund count last 6Q
+58 new funds entered over the past year (+36% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 53% buying

134 buying117 selling
Last quarter: 134 funds bought or added vs 117 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~59 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 28 → 38 → 56 → 59. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 36% long-term, 32% new

■ 36% conviction (2yr+) ■ 32% medium ■ 32% new
Of the 219 current holders: 79 (36%) held >2 years, 71 held 1–2 years, and 69 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💰

Price up while funds trimmed (+35% value, -11% shares)

Value
+35%
Shares
-10%
Last quarter: total value of institutional LQDA holdings rose +35% even though funds reduced share count by 11%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
🚀

Acceleration phase — new buyers rushing in

30 → 28 → 38 → 56 → 59 new funds/Q
New funds entering each quarter: 28 → 38 → 56 → 59. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 47% of holders stayed 2+ years

■ 47% veterans ■ 20% 1-2yr ■ 33% new
Of 244 current holders: 114 (47%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 21% AUM from major funds

21% from top-100 AUM funds
32 of 219 holders rank in the top 100 by AUM, accounting for 21% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — LQDA

In 2025 Q4, 134 hedge funds were net buyers of LQDA (59 opened a new position, 75 added to an existing one), while 117 reduced or exited (76 trimmed, 41 sold completely) — a 53% buyer ratio, indicating a slight buying edge. This marks 9 consecutive quarters of net institutional buying — a persistent conviction signal. 21% of total institutional value in LQDA is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +18 funds (more new holders than closures). Total institutional holders: 219.

Hedge Fund Ownership: LQDA

How many hedge funds hold LQDA — quarterly history vs. share price
Quarterly hedge fund ownership of LQDA vs. share price

Market Analysis: LQDA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: LQDA

Healthcare Biotechnology

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

40 top-rated funds 7 high-conviction
Consensus
7.0
/ 10
breadth
×
Elite
3.9
/ 10
conviction
Hedge Fund Positioning: LQDA
2026 Q1 Stats Unlock in 8 days 244 + Investors

Track Smart Money conviction in LQDA. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 244 224 8.93%
13F Shares 70M 79M -10.55%
Total Value $2.43B $1.79B 35.2%
New Positions 61 56 +5
Increased Positions 94 109 -15
Closed Positions 45 32 +13
Reduced Positions 117 75 +42
Total Calls 12 14 -14.29%
Total Puts 17 18 -5.56%
PUT/CALL Ratio 1.42 1.29 Bearish

Statistics: LQDA

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Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

244 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in LQDA. Verified SEC 13F-HR filings.

Top 25 institutional holders of LQDA — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 PATHWAY CAPITAL MANAGEMENT, LP 80.26% 91,384 $3.4M
2 T3 Companies, LLC 10.11% 205,750 $7.8M
3 Capricorn Fund Managers Ltd 1.46% 247,405 $9.3M
4 Caprock Group, LLC 1.25% 1,367,235 $51.6M
5 HANSEATIC MANAGEMENT SERVICES INC 0.74% 20,468 $772K
6 Insight Wealth Strategies, LLC 0.60% 142,402 $5.4M
7 ESSEX INVESTMENT MANAGEMENT CO LLC 0.47% 78,171 $3.0M
8 BLUEFIN CAPITAL MANAGEMENT, LLC 0.36% 42,117 $1.5M
9 Significant Wealth Partners LLC 0.27% 5,798 $219K
10 Whitcomb & Hess, Inc. 0.26% 29,945 $1.1M
11 JW Asset Management, LLC 0.25% 16,176 $610K
12 CenterBook Partners LP 0.23% 114,909 $4.3M
13 DMC Group, LLC 0.22% 8,665 $327K
14 BayBridge Capital Group, LLC 0.19% 8,740 $301K
15 LGT Fund Management Co Ltd. 0.18% 110,250 $4.2M
16 SmartHarvest Portfolios, LLC 0.17% 10,826 $409K
17 Hurley Capital, LLC 0.15% 7,435 $281K
18 Bryant Woods Investment Advisors, LLC 0.12% 8,600 $325K
19 FOX RUN MANAGEMENT, L.L.C. 0.09% 15,427 $543K
20 GSA CAPITAL PARTNERS LLP 0.08% 35,406 $1K
21 Valtinson Bruner Financial Planning LLC 0.07% 6,405 $242K
22 BLUEFIN CAPITAL MANAGEMENT, LLC 0.07% 89,500 $264K
23 Sigma Planning Corp 0.06% 60,085 $2.3M
24 Persistent Asset Partners Ltd 0.06% 1,675 $154K
25 BURNEY CO/ 0.06% 48,481 $1.8M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — LIQUIDIA CORPORATION (LQDA)

What does the Smart Money Trend signal show for LQDA?

Buying streak — 9 quarters in a row: For 9 consecutive quarters, more hedge funds added LQDA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for LQDA?

Slight buying edge — 53% buying: Last quarter: 134 funds bought or added vs 117 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for LQDA holders?

Strong quality — 21% AUM from major funds: 32 of 219 holders rank in the top 100 by AUM, accounting for 21% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held LQDA?

Mixed — 36% long-term, 32% new: Of the 219 current holders: 79 (36%) held >2 years, 71 held 1–2 years, and 69 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.