Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Liquidia Corporation (LQDA)

251 + 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
↑ +23
Streak
10Q ▲
Buyers last Q
54%

Smart Money Signals — LQDA

Based on 251 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 10 quarters in a row

last 6Q
For 10 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
251 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 — +48% more funds vs a year ago

fund count last 6Q
+81 new funds entered over the past year (+48% 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 — 54% buying

138 buying118 selling
Last quarter: 138 funds bought or added vs 118 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.
⚠️

Fewer new buyers each quarter (-6 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 38 → 57 → 61 → 55. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
📌

Mixed — 34% long-term, 35% new

■ 34% conviction (2yr+) ■ 31% medium ■ 35% new
Of the 251 current holders: 86 (34%) held >2 years, 77 held 1–2 years, and 88 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.
📈

Growing discovery — still being found

29 → 38 → 57 → 61 → 55 new funds/Q
New funds entering each quarter: 38 → 57 → 61 → 55. A growing number of institutions are discovering LQDA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 44% veterans vs 39% newcomers

■ 44% veterans ■ 17% 1-2yr ■ 39% new
Entry-cohort mix of 283 holders: 124 (44%) are 2+ year veterans, 49 entered 1–2 years ago, and 110 (39%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds
41 of 244 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.4
out of 10
Moderate Exit Risk
Exit risk score 4.4/10 — 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 2026 Q1, 138 hedge funds were net buyers of LQDA (55 opened a new position, 83 added to an existing one), while 118 reduced or exited (86 trimmed, 32 sold completely) — a 54% buyer ratio, indicating a slight buying edge. This marks 10 consecutive quarters of net institutional buying — a persistent conviction signal. 33% of total institutional value in LQDA is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +23 funds (more new holders than closures). Total institutional holders: 251.

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

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

27 top-rated funds 8 high-conviction
Consensus
6.3
/ 10
breadth
×
Elite
4.5
/ 10
conviction
Hedge Fund Positioning: LQDA
2026 Q2 Stats Unlock in 2 days 251 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 251 228 10.09%
13F Shares 68M 70M -3.43%
Total Value $2.51B $2.43B 3.18%
New Positions 55 61 -6
Increased Positions 78 70 +8
Closed Positions 32 41 -9
Reduced Positions 80 73 +7
Total Calls 20 12 66.67%
Total Puts 18 17 5.88%
PUT/CALL Ratio 0.9 1.42 Neutral

Statistics: LQDA

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Institutional Holders (2026 Q2)

251 + investors

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

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 LQDA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Findell Capital Management LLC 39.31% 3,502,112 $279.2M
2 Caligan Partners LP 30.45% 8,118,892 $647.3M
3 Purewater Capital LLC 21.86% 379,924 $30.3M
4 Buckley Capital Advisors, LLC 20.25% 410,044 $32.7M
5 Opaleye Management Inc. 17.67% 2,447,500 $195.1M
6 Findell Capital Management LLC 14.59% 1,300,100 $103.7M
7 T3 Companies, LLC 7.47% 87,800 $7.0M
8 MPM BioImpact LLC 6.74% 1,386,174 $110.5M
9 AWH Capital, L.P. 4.09% 73,000 $5.8M
10 Caprock Group, LLC 2.15% 1,409,759 $112.4M
11 Exome Asset Management LLC 1.93% 39,224 $3.1M
12 HighVista Strategies LLC 1.78% 97,896 $7.8M
13 Eversept Partners, LP 1.77% 428,652 $34.2M
14 Greenland Capital Management LP 1.69% 172,000 $13.7M
15 Hanseatic Management Services Inc 1.25% 21,298 $1.7M
16 Capricorn Fund Managers Ltd 1.15% 182,205 $14.5M
17 Apis Capital Advisors, LLC 1.09% 140,000 $11.2M
18 Insight Wealth Strategies, LLC 0.96% 124,067 $9.8M
19 Diametric Capital, LP 0.89% 105,781 $8.4M
20 Dv Equities, LLC 0.85% 74,500 $5.9M
21 Essex Investment Management Co LLC 0.78% 74,743 $6.0M
22 Oberweis Asset Management Inc/ 0.67% 406,400 $32.4M
23 Boothbay Fund Management, LLC 0.65% 622,716 $49.6M
24 Yorktown Management & Research Co Inc 0.62% 12,700 $1.0M
25 RMR Capital Management, LLC 0.57% 10,415 $830K
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 — 10 quarters in a row: For 10 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 — 54% buying: Last quarter: 138 funds bought or added vs 118 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 — 33% AUM from major funds: 41 of 244 holders rank in the top 100 by AUM, accounting for 33% 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 — 34% long-term, 35% new: Of the 251 current holders: 86 (34%) held >2 years, 77 held 1–2 years, and 88 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.

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