LIQUIDIA CORPORATION (LQDA): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

LIQUIDIA CORPORATION (LQDA)

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

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%

-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.

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

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

Increased Positions

109

-15

Closed Positions

+13

Reduced Positions

117

+42

Total Calls

-14.29%

Total Puts

-5.56%

PUT/CALL Ratio

1.42

1.29

Bearish

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.

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

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	Capricorn Fund Managers Ltd	1.46%	247,405	$9.3M
3	Insight Wealth Strategies, LLC	0.60%	142,402	$5.4M
4	BLUEFIN CAPITAL MANAGEMENT, LLC	0.36%	42,117	$1.5M
5	Significant Wealth Partners LLC	0.27%	5,798	$219K
6	Whitcomb & Hess, Inc.	0.26%	29,945	$1.1M
7	DMC Group, LLC	0.22%	8,665	$327K
8	BayBridge Capital Group, LLC	0.19%	8,740	$301K
9	LGT Fund Management Co Ltd.	0.18%	110,250	$4.2M
10	SmartHarvest Portfolios, LLC	0.17%	10,826	$409K
11	Bryant Woods Investment Advisors, LLC	0.12%	8,600	$325K
12	BLUEFIN CAPITAL MANAGEMENT, LLC	0.07%	89,500	$264K
13	BURNEY CO/	0.06%	48,481	$1.8M
14	WealthShield Partners, LLC	0.02%	5,885	$222K
15	AlphaQuest LLC	0.02%	11,334	$391K
16	SAPIENT CAPITAL LLC	0.02%	37,000	$1.4M
17	MBL Wealth, LLC	0.02%	6,847	$258K
18	SIGNATUREFD, LLC	0.02%	29,999	$1.1M
19	Wedmont Private Capital	0.01%	9,343	$357K
20	PROFUND ADVISORS LLC	0.01%	7,180	$271K
21	Valmark Advisers, Inc.	0.01%	20,546	$775K
22	BLUEFIN CAPITAL MANAGEMENT, LLC	0.01%	81,000	$27K
23	Police & Firemen's Retirement System of New Jersey	0.01%	17,787	$671K
24	GREENLEAF TRUST	0.01%	14,016	$529K
25	Apollon Wealth Management, LLC	0.00%	6,535	$247K

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.

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LIQUIDIA CORPORATION (LQDA)

Smart Money Signals — LQDA

Buying streak — 9 quarters in a row

At the ownership peak (100% of max)

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

Slight buying edge — 53% buying

Steady new buyers — ~59 new funds per quarter

Mixed — 36% long-term, 32% new

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

Acceleration phase — new buyers rushing in

Deep conviction — 47% of holders stayed 2+ years

Strong quality — 21% AUM from major funds

Hedge Fund Ownership: LQDA

Market Analysis: LQDA

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: LQDA

Hedge Fund Positioning: LQDA

Statistics: LQDA

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — LIQUIDIA CORPORATION (LQDA)

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