Liquidia CORP (LQDA) Smart Money Holdings (13F, Q2 2026)

LQDA ranks #1827 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

LQDA is a top-conviction position for Findell Capital Management LLC — at 53.9% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in LQDA belongs to BlackRock, Inc., but the position matters far more to Findell Capital Management LLC, who has 53.9% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

BlackRock has added to its LQDA position for two straight quarters, increasing it by $670.9M to reach $860.2M today.

Paul Tudor Jones has trimmed its LQDA position for two straight quarters, cutting it by $9.7M while still holding $1.3M.

LQDA is up 1.2% today, and institutions have been net buyers of $1.6B this quarter — today's price move and the underlying institutional flow are pointing the same direction.

LQDA posted net income of $138.6M over the trailing twelve months, and currently trades at a P/E of 44.3.

• Profitable — net income of $138.6M over the trailing twelve months
• Revenue grew 2233.6% year over year
• Net income improved year over year, from -$147.2M to $138.6M
• Operating cash flow was negative, using $35.7M in cash
• Current ratio of 2.01x — enough short-term assets to cover short-term liabilities
• Liabilities run 6.33x equity — a highly leveraged balance sheet worth noting