undamentalytics Newsletter

Liquidia Corp: which funds bought and sold

Institutions that bought and sold Liquidia shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 222 institutions that filed 13F reports for both quarters added to or opened positions in Liquidia, and 111 cut or closed them. Together they added a net 10.8M shares, +17.5% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 898K shares (+3.7%); index fund managers were net buyers of 8.1M shares (+55.8%). 120 opened a new position and 31 sold out entirely.

Bought, Q2 2026 222 institutions, 120 of them new holders Sold, Q2 2026 111 institutions, 31 of them sold out
Net change, all compared +10.8M shares (+17.5%)
Net change, active managers +898K shares (+3.7%), 24 bought, 26 sold

Buyers versus sellers

institutions compared, 357
Active managers and hedge funds 24 bought · 26 sold · +898K
Index fund managers 12 bought · 0 sold · +8.1M
Other institutions 186 bought · 85 sold · +1.7M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Blackrock, Inc. Index funds +5.3M +96.5% 10.8M $860M
Fuller & Thaler Asset Management, Inc. +1.2M New position 1.2M $96.4M
State Street Corp Index funds +1.1M +61.1% 3.0M $242M
Price T Rowe Associates Inc Active manager +987K +103.6% 1.9M $155M
Vanguard Portfolio Management LLC Index funds +900K +142.2% 1.5M $122M
American Century Companies Inc Active manager +542K New position 542K $43.2M
UBS Group AG +399K +192.7% 607K $48.4M
D. E. Shaw & Co., Inc. Hedge fund +395K +45.2% 1.3M $101M
Federated Hermes, Inc. Active manager +377K +86.0% 816K $65.1M
Principal Financial Group Inc +343K New position 343K $27.4M
Morgan Stanley +314K +91.0% 658K $52.5M
Public Sector Pension Investment Board +241K New position 241K $19.2M
Jacobs Levy Equity Management, Inc Active manager +241K New position 241K $19.2M
Dimensional Fund Advisors LP +240K New position 240K $19.1M
Renaissance Technologies LLC Hedge fund +224K +2768.6% 232K $18.5M
Vanguard Capital Management LLC Index funds +212K +7.3% 3.1M $250M
Geode Capital Management, LLC Index funds +192K +10.0% 2.1M $169M
Bank Of New York Mellon Corp +179K +92.1% 372K $29.7M
Ameriprise Financial Inc +170K New position 170K $13.6M
Nuveen, LLC +164K +107.9% 316K $25.2M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Jane Street Group, LLC −654K −82.2% 142K $11.3M
Susquehanna International Group, LLP −530K −52.9% 471K $37.6M
Tcg Crossover Management, LLC −403K Sold out 0 —
Pale Fire Capital Se −385K −99.1% 3,479 $277,381
Trexquant Investment LP Hedge fund −299K −73.0% 111K $8.8M
Two Sigma Investments, LP Hedge fund −296K −52.6% 267K $21.3M
Bank Of America Corp −296K −12.9% 2.0M $159M
Farallon Capital Management, L.L.C. Hedge fund −291K −3.4% 8.4M $667M
Eversept Partners, LP Hedge fund −249K −36.7% 429K $34.2M
Marshall Wace, LLP Hedge fund −216K −74.7% 73K $5.8M
Buckley Capital Advisors, LLC −215K −34.4% 410K $32.7M
Apis Capital Advisors, LLC −156K −52.7% 140K $11.2M
Citadel Advisors LLC Hedge fund −151K Sold out 0 —
Squarepoint Ops LLC Hedge fund −132K −81.8% 29K $2.3M
T3 Companies, LLC −118K −57.3% 88K $7M
Centerbook Partners LP Hedge fund −107K −93.3% 7,706 $614,399
Aquatic Capital Management LLC −101K −71.8% 40K $3.2M
Opaleye Management Inc. −98K −3.8% 2.4M $195M
Pathway Capital Management, LP −91K Sold out 0 —
HRT Financial LP −87K Sold out 0 —

New positions

largest by value

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Tcg Crossover Management, LLC 403K $15.2M
Citadel Advisors LLCHedge fund 151K $5.7M
Pathway Capital Management, LP 91K $3.4M
HRT Financial LP 87K $3.3M
Voloridge Investment Management, LLCHedge fund 76K $2.9M
Tudor Investment Corp Et AlHedge fund 40K $1.5M
Lgl Partners, LLC 29K $1.1M
Cinctive Capital Management LPHedge fund 25K $956,671
Alphadyne Asset Management LP 22K $815,109
Blueshift Asset Management, LLC 19K $709,814

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
333
Ten largest holders
62.6%
of 13F-reported shares
Index fund managers
31.2%
of 13F-reported shares
Active managers and hedge funds
34.9%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 24 26 11 4 +898K +3.7%
Index fund managers 12 0 2 0 +8.1M +55.8%
Other institutions 186 85 107 27 +1.7M +7.7%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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