Mar 31, 2026 filings. Quarterly 13F reports arrive up to 45 days after quarter end; this register is filed through May 29, 2026.
234 institutional managers reported holding LQDA for the quarter ended Mar 31, 2026. Together they hold about 61% of shares outstanding; the top 10 hold 40%. 48 opened new positions; 37 closed out. Complete ranked register from SEC 13F filings.
| manager | shares | % out | value (Mar 31, 2026 close) | change | held since |
|---|---|---|---|---|---|
| Farallon Capital | 8.66M | 8.56% | $326.4M | unchanged | 2024 Q1 |
| Caligan Partners LP (focused) | 8.12M | 8.03% | $306.2M | unchanged | 2022 Q4 |
| BlackRock | 5.49M | 5.43% | $207.0M | unchanged | 2018 Q3 |
| Vanguard Group | 4.12M | 4.08% | $155.4M | added +2.7% | 2018 Q3 |
| Findell Capital Management LLC (focused) | 3.50M | 3.46% | $132.1M | added +22.8% | 2023 Q4 |
| Opaleye Management INC. | 2.54M | 2.52% | $96.0M | added +4.5% | 2021 Q4 |
| Bank OF America CORP /DE/ | 2.29M | 2.26% | $86.3M | added +18.7% | 2018 Q3 |
| Geode Capital | 1.93M | 1.91% | $72.7M | added +19% | 2018 Q3 |
| State Street | 1.88M | 1.86% | $71.0M | added +4% | 2018 Q3 |
| MPM Bioimpact LLC (focused) | 1.41M | 1.39% | $53.0M | unchanged | 2025 Q3 |
| Caprock Group, LLC | 1.37M | 1.35% | $51.6M | trimmed -23.4% | 2025 Q3 |
| Susquehanna International Group | 1.00M | 0.99% | $37.8M | added +281.9% | 2020 Q3 |
| T. Rowe Price | 953.2k | 0.94% | $35.9M | added +2468.4% | 2023 Q3 |
| D. E. Shaw | 873.1k | 0.86% | $32.9M | trimmed -47.6% | 2023 Q2 |
| Goldman Sachs | 812.0k | 0.80% | $30.6M | added +15.3% | 2021 Q1 |
| Jane Street | 795.9k | 0.79% | $30.0M | added +90.6% | 2022 Q1 |
| Eversept Partners, LP | 677.4k | 0.67% | $25.5M | added +33% | 2019 Q4 |
| Boothbay Fund Management, LLC | 625.0k | 0.62% | $23.6M | added +1.9% | 2023 Q4 |
| Buckley Capital Advisors, LLC (focused) | 624.8k | 0.62% | $23.6M | trimmed -3.8% | 2025 Q4 |
| FMR (Fidelity) | 582.2k | 0.58% | $22.0M | added +53.9% | 2022 Q1 |
| Northern Trust | 579.9k | 0.57% | $21.9M | added +3.4% | 2018 Q3 |
| Two Sigma | 563.2k | 0.56% | $21.2M | added +60.9% | 2021 Q2 |
| Charles Schwab Investment Management | 557.2k | 0.55% | $21.0M | trimmed -0.8% | 2018 Q3 |
| Invesco | 481.4k | 0.48% | $18.2M | added +14.5% | 2022 Q1 |
| Federated Hermes, INC. | 438.8k | 0.43% | $16.5M | trimmed -9.8% | 2025 Q3 |
| Trexquant Investment LP | 409.3k | 0.41% | $15.4M | added +46.6% | 2025 Q3 |
| TCG Crossover Management, LLC (focused) | 403.0k | 0.40% | $15.2M | trimmed -76.4% | 2025 Q3 |
| Pale Fire Capital SE | 388.4k | 0.38% | $14.6M | added +2.4% | 2025 Q2 |
| Oberweis Asset Management INC/ | 372.1k | 0.37% | $14.0M | added +13% | 2024 Q1 |
| Purewater Capital LLC | 367.6k | 0.36% | $13.9M | opened | 2026 Q1 |
| Morgan Stanley | 344.7k | 0.34% | $13.0M | trimmed -27.2% | 2018 Q3 |
| UBS | 323.9k | 0.32% | $12.2M | added +25% | 2018 Q3 |
| Apis Capital Advisors, LLC | 296.0k | 0.29% | $11.2M | trimmed -16.7% | 2025 Q3 |
| Marshall Wace | 289.4k | 0.29% | $10.9M | added +98.7% | 2024 Q2 |
| First Trust Advisors LP | 279.5k | 0.28% | $10.5M | trimmed -9% | 2025 Q2 |
| Capricorn Fund Managers LTD | 247.4k | 0.24% | $9.3M | opened | 2026 Q1 |
| T3 Companies, LLC | 205.8k | 0.20% | $7.8M | added +16.6% | 2025 Q4 |
| Algert Global LLC | 204.1k | 0.20% | $7.7M | added +81.6% | 2025 Q4 |
| Wellington Management | 199.1k | 0.20% | $7.5M | trimmed -14.6% | 2023 Q4 |
| BNY Mellon | 193.9k | 0.19% | $7.3M | trimmed -2.4% | 2018 Q4 |
| Seven Fleet Capital Management LP | 187.9k | 0.19% | $7.1M | added +105.9% | 2025 Q4 |
| Diametric Capital, LP | 167.8k | 0.17% | $6.3M | added +83.4% | 2022 Q1 |
| Raymond James Financial INC | 162.5k | 0.16% | $6.1M | added +92.4% | 2024 Q3 |
| Squarepoint Ops LLC | 161.7k | 0.16% | $6.1M | added +138.1% | 2023 Q2 |
| Nuveen | 152.2k | 0.15% | $5.7M | added +0.7% | 2022 Q2 |
| Citadel Advisors | 151.0k | 0.15% | $5.7M | trimmed -81.1% | 2019 Q1 |
| Greenland Capital Management LP | 150.0k | 0.15% | $5.7M | added +14.1% | 2024 Q4 |
| Insight Wealth Strategies, LLC | 142.4k | 0.14% | $5.4M | unchanged | 2025 Q4 |
| Banco Bilbao Vizcaya Argentaria, S.a. | 142.2k | 0.14% | $5.4M | trimmed -9.5% | 2024 Q3 |
| Aquatic Capital Management LLC | 140.3k | 0.14% | $5.3M | added +432.3% | 2025 Q4 |
Largest 50 of 234 shown; the full ranked, searchable register is at boothcheck.com/holders/LQDA. Related filers are grouped using the filings' own included-manager declarations. Historically, several managers opening new positions in the same quarter said almost nothing about the quarter that followed (59,118 cases since 2013). A filed record, not a forecast. Nothing here is investment advice.