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Aquestive Therapeutics, Inc.

AQST
Exchange
Nasdaq
Industry
Pharmaceutical Preparations
SEC CIK
0001398733

In the last 90 days, Aquestive Therapeutics, Inc. insiders filed 0 open-market purchases and 4 sales; 185 institutions reported holding it in 13F filings for Q2 2026, worth $299.5M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Aquestive Therapeutics, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
179
+27 vs. Q3 2025
Shares held
72.3M
+6.25M (+9.5%) vs. Q3 2025
Total value
$467.0M
+$97.7M (+26.4%) vs. Q3 2025
New holders
48
68 more added
Sold out
21
38 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting AQST on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 179 institutions
Q1 2021: 64 institutionsQ2 2021: 60 institutionsQ3 2021: 46 institutionsQ4 2021: 52 institutionsQ1 2022: 51 institutionsQ2 2022: 46 institutionsQ3 2022: 46 institutionsQ4 2022: 37 institutionsQ1 2023: 35 institutionsQ2 2023: 54 institutionsQ3 2023: 48 institutionsQ4 2023: 57 institutionsQ1 2024: 97 institutionsQ2 2024: 98 institutionsQ3 2024: 117 institutionsQ4 2024: 114 institutionsQ1 2025: 121 institutionsQ2 2025: 117 institutionsQ3 2025: 152 institutionsQ4 2025: 179 institutionsQ1 2026: 180 institutionsQ2 2026: 185 institutions
Value heldQ4 2025: $467.0M
Q1 2021: $86.4MQ2 2021: $62.0MQ3 2021: $64.4MQ4 2021: $62.9MQ1 2022: $40.6MQ2 2022: $10.7MQ3 2022: $18.6MQ4 2022: $13.5MQ1 2023: $17.0MQ2 2023: $31.5MQ3 2023: $21.5MQ4 2023: $48.1MQ1 2024: $176.8MQ2 2024: $110.7MQ3 2024: $232.4MQ4 2024: $154.4MQ1 2025: $127.8MQ2 2025: $157.6MQ3 2025: $369.3MQ4 2025: $467.0MQ1 2026: $298.6MQ2 2026: $299.5M
Institutions holding AQST and their total value by quarter
QuarterHoldersValue
Q2 2026185$299.5M
Q1 2026180$298.6M
Q4 2025179$467.0M
Q3 2025152$369.3M
Q2 2025117$157.6M
Q1 2025121$127.8M
Q4 2024114$154.4M
Q3 2024117$232.4M
Q2 202498$110.7M
Q1 202497$176.8M
Q4 202357$48.1M
Q3 202348$21.5M
Q2 202354$31.5M
Q1 202335$17.0M
Q4 202237$13.5M
Q3 202246$18.6M
Q2 202246$10.7M
Q1 202251$40.6M
Q4 202152$62.9M
Q3 202146$64.4M
Q2 202160$62.0M
Q1 202164$86.4M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Aquestive Therapeutics, Inc.; share changes are against Q3 2025.

Institutions holding AQST in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Corsair Capital Management, L.P.60,000$387.6K0.06%+60,000New
AQR Capital Management LLC61,709$398.6K0.00%+3,934+6.8%Added
Bank of Montreal64,697$417.9K0.00%+45,645+239.6%Added
Bridgeway Capital Management, LLC64,900$419.3K0.01%−2,800−4.1%Reduced
Invesco Ltd.64,993$419.9K0.00%+10,920+20.2%Added
Zurcher Kantonalbank (Zurich Cantonalbank)65,008$420.0K0.00%+65,008New
Brevan Howard Capital Management LP67,738$437.6K0.01%+33,863+100.0%Added
Los Angeles Capital Management LLC68,200$454.2K0.00%+68,200New
Stratos Wealth Partners, LTD.73,652$475.8K0.01%+652+0.9%Added
Advisor Group Holdings, Inc.79,703$514.9K0.00%−66,202−45.4%Reduced
Legal & General Group Plc81,895$529.0K0.00%+73,584+885.4%Added
Deutsche Bank AG83,429$539.0K0.00%+8,625+11.5%Added
HighTower Advisors, LLC91,540$591.3K0.00%−9,498−9.4%Reduced
Alliancebernstein L.P.91,990$594.3K0.00%+3,900+4.4%Added
Financial Engines Advisors L.L.C.97,483$629.7K0.00%+1,730+1.8%Added
California State Teachers Retirement System100,819$651.3K0.00%+95,434+1,772.2%Added
LPL Financial LLC102,388$661.4K0.00%+12,500+13.9%Added
Penn Capital Management Co Inc115,936$748.9K0.06%+23,028+24.8%Added
UBS Asset Management Americas Inc120,252$776.8K0.00%+120,252New
Numerai GP LLC122,125$788.9K0.10%+122,125New
Pavaki Capital Management LLC125,000$807.5K0.56%+125,000New
Diametric Capital, LP128,476$830.0K0.22%−10,596−7.6%Reduced
Rhumbline Advisers133,539$862.7K0.00%−931−0.7%Reduced
Creative Planning146,971$949.4K0.00%+2,310+1.6%Added
EAM Investors, LLC155,053$1.00M0.11%+2,721+1.8%Added
Verition Fund Management LLC160,197$1.03M0.01%+160,197New
State of Wisconsin Investment Board181,511$1.17M0.00%+35,489+24.3%Added
Voloridge Investment Management, LLC194,105$1.25M0.00%+194,105New
SEI Investments Co197,988$1.28M0.00%+197,988New
Swiss National Bank202,700$1.31M0.00%+202,700New
Russell Investments Group, Ltd.209,430$1.35M0.00%+46,045+28.2%Added
Janus Henderson Group PLC226,702$1.46M0.00%+226,702New
Latash Investments, LLC243,134$1.57M1.05%00.0%Unchanged
Jump Financial, LLC246,840$1.59M0.02%+226,237+1,098.1%Added
Bank of New York Mellon Corp269,820$1.74M0.00%+62,581+30.2%Added
Wellington Management Group LLP270,976$1.75M0.00%−14,801−5.2%Reduced
Walleye Capital LLC287,811$1.86M0.01%−217,463−43.0%Reduced
UBS Group AG296,445$1.92M0.00%−202,591−40.6%Reduced
Charles Schwab Investment Management Inc301,521$1.95M0.00%+47,350+18.6%Added
Two Sigma Advisers, LP332,400$2.15M0.00%+332,400New
Barclays PLC340,807$2.20M0.00%+209,049+158.7%Added
Everstar Asset Management, LLC344,800$2.23M1.19%−23,489−6.4%Reduced
Nuveen, LLC364,016$2.35M0.00%−180,601−33.2%Reduced
Stifel Financial Corp369,728$2.39M0.00%+3,300+0.9%Added
DAFNA Capital Management LLC375,915$2.43M0.56%−136,674−26.7%Reduced
JPMorgan Chase & Co379,417$2.45M0.00%−94,162−19.9%Reduced
Two Sigma Investments, LP381,120$2.46M0.00%+381,120New
Renaissance Technologies LLC414,400$2.68M0.00%+327,400+376.3%Added
Bracebridge Capital, LLC459,216$2.97M1.08%00.0%Unchanged
Jane Street Group, LLC512,220$3.31M0.00%+438,267+592.6%Added
Trexquant Investment LP523,334$3.38M0.03%+523,334New
Blue Owl Capital Holdings LP525,000$3.39M1.05%−725,000−58.0%Reduced
Citadel Advisors LLC570,945$3.69M0.00%−197,505−25.7%Reduced
Susquehanna International Group, LLP587,249$3.79M0.01%−501,395−46.1%Reduced
Wasatch Advisors Inc681,240$4.40M0.03%−43,038−5.9%Reduced
Northern Trust Corp742,794$4.80M0.00%+59,926+8.8%Added
Perceptive Advisors LLC747,193$4.83M0.09%−3,012,906−80.1%Reduced
Standard Life Aberdeen plc809,203$5.23M0.01%+184,203+29.5%Added
Goldman Sachs Group Inc909,064$5.87M0.00%+513,914+130.1%Added
D. E. Shaw & Co., Inc.941,197$6.08M0.00%+915,697+3,591.0%Added
Balyasny Asset Management LLC970,939$6.27M0.01%+970,939New
Sio Capital Management, LLC993,095$6.42M1.06%−505,000−33.7%Reduced
HRT Financial LP994,966$6.43M0.02%+434,757+77.6%Added
Commonwealth Equity Services, LLC1,019,792$6.59M0.01%−38,933−3.7%Reduced
Janney Montgomery Scott LLC1,093,210$7.06M0.02%−6,633−0.6%Reduced
BNP Paribas Arbitrage, SA1,171,675$7.57M0.00%+1,153,175+6,233.4%Added
Wells Fargo & Company1,188,531$7.68M0.00%+1,057,145+804.6%Added
Bank of America Corp1,207,591$7.80M0.00%−14,544−1.2%Reduced
Millennium Management LLC1,535,369$9.92M0.01%+246,040+19.1%Added
Morgan Stanley1,758,750$11.4M0.00%+348,641+24.7%Added
Federated Hermes, Inc.2,032,822$13.1M0.02%+1,249,044+159.4%Added
Geode Capital Management, LLC2,368,092$15.3M0.00%+280,144+13.4%Added
State Street Corp2,462,778$15.9M0.00%+860,562+53.7%Added
Samsara BioCapital, LLC2,500,000$16.1M1.67%00.0%Unchanged
EcoR1 Capital, LLC2,625,000$17.0M0.78%00.0%Unchanged
Vanguard Group Inc5,892,334$38.1M0.00%+230,202+4.1%Added
RTW Investments, LP6,250,000$40.4M0.40%00.0%Unchanged
BlackRock, Inc.7,775,402$50.2M0.00%+1,249,719+19.2%Added
Bratton Capital Management, L.P.9,810,958$63.4M100.00%00.0%Unchanged
Nantahala Capital Management, LLC0$00.00%−600,000−100.0%Sold out
Marshall Wace, LLP0$00.00%−371,066−100.0%Sold out
Harvey Capital Management Inc0$00.00%−343,755−100.0%Sold out
Gsa Capital Partners LLP0$00.00%−241,359−100.0%Sold out
Virtu Financial LLC0$00.00%−118,329−100.0%Sold out
Stonepine Capital Management, LLC0$00.00%−100,600−100.0%Sold out
Pale Fire Capital SE0$00.00%−93,132−100.0%Sold out
Longaeva Partners L.P.0$00.00%−71,015−100.0%Sold out
XTX Topco Ltd0$00.00%−60,776−100.0%Sold out
Simplex Trading, LLC0$00.00%−51,177−100.0%Sold out
PharVision Advisers, LLC0$00.00%−46,450−100.0%Sold out
Oxford Asset Management LLP0$00.00%−41,415−100.0%Sold out
ExodusPoint Capital Management, LP0$00.00%−38,103−100.0%Sold out
Oppenheimer & Co Inc0$00.00%−33,532−100.0%Sold out
Quarry LP0$00.00%−32,427−100.0%Sold out
Mercer Global Advisors Inc0$00.00%−15,081−100.0%Sold out
Quinn Opportunity Partners LLC0$00.00%−10,100−100.0%Sold out
Park Circle Co0$00.00%−2,500−100.0%Sold out
Steward Partners Investment Advisory, LLC0$00.00%−2,500−100.0%Sold out
Bell Investment Advisors, Inc0$00.00%−500−100.0%Sold out
Your Advocates Ltd., LLP0$00.00%−200−100.0%Sold out