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Ligand Pharmaceuticals Inc

LGND
Exchange
Nasdaq
Industry
Pharmaceutical Preparations
SEC CIK
0000886163

In the last 90 days, Ligand Pharmaceuticals Inc insiders filed 0 open-market purchases and 6 sales; 417 institutions reported holding it in 13F filings for Q2 2026, worth $7.15B in total; no superinvestor holds it.

Other share classesLGNDZLGNXZLGNYZLGNZZ

13F holders, Q4 2025

Institutional positions in Ligand Pharmaceuticals 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
351
+41 vs. Q3 2025
Shares held
20.6M
+53.6K (+0.3%) vs. Q3 2025
Total value
$3.89B
+$254.6M (+7.0%) vs. Q3 2025
New holders
71
111 more added
Sold out
30
115 more reduced

4 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

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

Holders and value by quarter

Institutions reporting LGND 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: 351 institutions
Q1 2021: 228 institutionsQ2 2021: 212 institutionsQ3 2021: 208 institutionsQ4 2021: 221 institutionsQ1 2022: 207 institutionsQ2 2022: 198 institutionsQ3 2022: 205 institutionsQ4 2022: 198 institutionsQ1 2023: 213 institutionsQ2 2023: 204 institutionsQ3 2023: 197 institutionsQ4 2023: 211 institutionsQ1 2024: 222 institutionsQ2 2024: 235 institutionsQ3 2024: 243 institutionsQ4 2024: 259 institutionsQ1 2025: 262 institutionsQ2 2025: 271 institutionsQ3 2025: 314 institutionsQ4 2025: 351 institutionsQ1 2026: 359 institutionsQ2 2026: 417 institutions
Value heldQ4 2025: $3.89B
Q1 2021: $2.35BQ2 2021: $2.09BQ3 2021: $2.29BQ4 2021: $2.51BQ1 2022: $1.76BQ2 2022: $1.33BQ3 2022: $1.28BQ4 2022: $983.5MQ1 2023: $1.10BQ2 2023: $1.12BQ3 2023: $946.5MQ4 2023: $1.15BQ1 2024: $1.21BQ2 2024: $1.45BQ3 2024: $1.81BQ4 2024: $1.96BQ1 2025: $1.97BQ2 2025: $2.18BQ3 2025: $3.63BQ4 2025: $3.89BQ1 2026: $4.15BQ2 2026: $7.15B
Institutions holding LGND and their total value by quarter
QuarterHoldersValue
Q2 2026417$7.15B
Q1 2026359$4.15B
Q4 2025351$3.89B
Q3 2025314$3.63B
Q2 2025271$2.18B
Q1 2025262$1.97B
Q4 2024259$1.96B
Q3 2024243$1.81B
Q2 2024235$1.45B
Q1 2024222$1.21B
Q4 2023211$1.15B
Q3 2023197$946.5M
Q2 2023204$1.12B
Q1 2023213$1.10B
Q4 2022198$983.5M
Q3 2022205$1.28B
Q2 2022198$1.33B
Q1 2022207$1.76B
Q4 2021221$2.51B
Q3 2021208$2.29B
Q2 2021212$2.09B
Q1 2021228$2.35B

Institutions, Q4 2025

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

Institutions holding LGND in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
CWM Advisors, LLC0$270.00%0New
SBI Securities Co., Ltd.1$1890.00%00.0%Unchanged
TD Capital Management LLC1$1890.00%+1New
Flagship Harbor Advisors, LLC1$1890.00%+1New
DV Trading LLC1$1890.00%+1New
Fortitude Family Office, LLC1$1890.00%+1New
Abound Wealth Management1$1900.00%00.0%Unchanged
Rialto Wealth Management, LLC1$1900.00%+1New
Gilpin Wealth Management, LLC2$3790.00%+2New
Zions Bancorporation, National Association3$5670.00%+3New
Ronald Blue Trust, Inc.3$5670.00%+3New
CoreCap Advisors, LLC3$5670.00%+3New
Ankerstar Wealth, LLC3$5670.00%+3New
Optima Capital LLC3$5670.00%+3New
JFS Wealth Advisors, LLC3$5680.00%+3New
Park Place Capital Corp4$7560.00%+4New
Annis Gardner Whiting Capital Advisors, LLC4$7570.00%00.0%Unchanged
American Capital Advisory, LLC4$7570.00%+4New
Avion Wealth9$1.00K0.00%00.0%Unchanged
Root Financial Partners, LLC7$1.32K0.00%+7New
Whittier Trust Co of Nevada Inc7$1.37K0.00%+7New
Cape Investment Advisory, Inc.8$1.51K0.00%+8New
Keating Financial Advisory Services, Inc.8$1.51K0.00%+8New
Manchester Capital Management LLC9$1.70K0.00%+9New
Private Wealth Management Group, LLC10$1.89K0.00%00.0%Unchanged
Creative Financial Designs Inc10$1.89K0.00%00.0%Unchanged
Picton Mahoney Asset Management11$2.08K0.00%00.0%Unchanged
WPG Advisers, LLC11$2.08K0.00%00.0%Unchanged
Farmers & Merchants Investments Inc13$2.46K0.00%00.0%Unchanged
International Assets Investment Management, LLC13$2.46K0.00%+13New
Financial Network Wealth Advisors LLC14$2.65K0.00%−10−41.7%Reduced
Westfuller Advisors, LLC16$3.02K0.00%00.0%Unchanged
Greenline Wealth Management LLC16$3.08K0.00%+16New
Bogart Wealth, LLC18$3.40K0.00%00.0%Unchanged
Aster Capital Management (DIFC) Ltd19$3.59K0.00%+19New
Garton & Associates Financial Advisors LLC25$4.73K0.00%+25New
Scarborough Advisors, LLC33$6.24K0.00%00.0%Unchanged
Elequin Capital LP34$6.43K0.00%+34New
Red Tortoise LLC35$6.62K0.00%00.0%Unchanged
Northwestern Mutual Wealth Management Co38$7.18K0.00%00.0%Unchanged
EverSource Wealth Advisors, LLC39$7.37K0.00%−35−47.3%Reduced
Hillsdale Investment Management Inc.40$7.56K0.00%+40New
Bare Financial Services, Inc41$7.75K0.00%00.0%Unchanged
Basecamp Wealth Advisors LLC41$7.75K0.00%+41New
Kemnay Advisory Services Inc.44$8.32K0.00%+44New
Brown Brothers Harriman & Co46$8.70K0.00%+46New
Private Trust Co NA48$9.07K0.00%00.0%Unchanged
Larson Financial Group LLC49$9.26K0.00%00.0%Unchanged
SRS Capital Advisors, Inc.50$9.45K0.00%−16−24.2%Reduced
LRI Investments, LLC50$9.49K0.00%−7−12.3%Reduced
Retirement Wealth Solutions LLC57$10.8K0.01%00.0%Unchanged
Sound Income Strategies, LLC57$11.0K0.00%+57New
Daiwa Securities Group Inc.58$11.0K0.00%−5−7.9%Reduced
Jones Financial Companies LLLP63$11.9K0.00%00.0%Unchanged
Comprehensive Financial Planning, Inc.66$12.5K0.01%+66New
Parkside Financial Bank & Trust69$13.0K0.00%+10+16.9%Added
GPS Wealth Strategies Group, LLC70$13.2K0.01%00.0%Unchanged
Parallel Advisors, LLC73$13.8K0.00%+28+62.2%Added
St Germain D J Co Inc75$14.2K0.00%00.0%Unchanged
Transamerica Financial Advisors, Inc.80$15.1K0.00%00.0%Unchanged
Umb Bank N A89$16.8K0.00%+13+17.1%Added
Danske Bank A/S100$18.9K0.00%00.0%Unchanged
Central Trust Co112$21.2K0.00%+8+7.7%Added
Torren Management, LLC123$23.3K0.01%+123New
Merrithew & Thorsten Inc129$24.0K0.03%+129New
Steward Partners Investment Advisory, LLC129$24.4K0.00%+24+22.9%Added
Millstone Evans Group, LLC133$25.1K0.01%00.0%Unchanged
Crewe Advisors LLC142$26.8K0.00%+9+6.8%Added
Salomon & Ludwin, LLC144$27.7K0.00%−1−0.7%Reduced
Massmutual Trust Co FSB150$28.4K0.00%+6+4.2%Added
Fifth Third Bancorp152$28.7K0.00%+7+4.8%Added
Kestra Advisory Services, LLC166$31.4K0.00%+166New
CIBC Private Wealth Group, LLC183$34.6K0.00%+34+22.8%Added
Bryn Mawr Trust Co190$35.9K0.00%−892−82.4%Reduced
Cheviot Value Management, LLC200$38.0K0.00%00.0%Unchanged
USA Financial Portformulas Corp227$42.9K0.01%+227New
Richardson Financial Services Inc.228$43.1K0.03%+18+8.6%Added
Versant Capital Management, Inc256$48.4K0.01%00.0%Unchanged
BNP PARIBAS ASSET MANAGEMENT Holding S.A.258$49.0K0.00%+83+47.4%Added
Maseco LLP275$52.0K0.00%00.0%Unchanged
Signaturefd, LLC279$52.8K0.00%−4−1.4%Reduced
Smartleaf Asset Management LLC305$58.0K0.00%+34+12.5%Added
IFP Advisors, Inc342$64.7K0.00%+312+1,040.0%Added
CWM, LLC342$65.0K0.00%+9+2.7%Added
Covestor Ltd343$65.0K0.03%+341+17,050.0%Added
Hantz Financial Services, Inc.354$67.0K0.00%+189+114.5%Added
Pinnacle Wealth Planning Services, Inc.365$69.0K0.01%+365New
Bayforest Capital Ltd385$72.8K0.05%+385New
GF Fund Management Co. Ltd.386$73.0K0.00%−36−8.5%Reduced
Redwood Park Advisors LLC415$78.5K0.05%00.0%Unchanged
Global Retirement Partners, LLC418$79.0K0.00%+182+77.1%Added
Rothschild Investment LLC433$81.9K0.00%00.0%Unchanged
Jackson, Grant Investment Advisers, Inc.500$94.5K0.03%00.0%Unchanged
Allworth Financial LP551$104.2K0.00%+8+1.5%Added
First Horizon Corp574$108.5K0.00%+306+114.2%Added
GAMMA Investing LLC627$118.5K0.01%+52+9.0%Added
Farther Finance Advisors, LLC645$122.0K0.00%−34−5.0%Reduced
KBC Group NV660$125.0K0.00%00.0%Unchanged
Tripletail Wealth Management, LLC710$129.7K0.16%00.0%Unchanged
Huntington National Bank701$132.5K0.00%+697+17,425.0%Added