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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
Rockefeller Capital Management L.P.727$137.5K0.00%−14−1.9%Reduced
Nisa Investment Advisors, LLC730$138.0K0.00%−68−8.5%Reduced
Tower Research Capital LLC (TRC)757$143.1K0.00%+335+79.4%Added
Persistent Asset Partners Ltd791$149.6K0.07%+791New
State of Wyoming894$169.0K0.02%+894New
Acadian Asset Management LLC933$176.0K0.00%+933New
Mirae Asset Global Investments Co., Ltd.956$180.8K0.00%+198+26.1%Added
Sterling Capital Management LLC1,004$189.8K0.00%−171−14.6%Reduced
Allianz Asset Management GmbH1,080$204.2K0.00%+1,080New
Wedbush Securities Inc1,083$205.0K0.01%−50−4.4%Reduced
Commonwealth Equity Services, LLC1,105$208.9K0.00%+1,105New
Principal Securities, Inc.1,127$213.1K0.00%+793+237.4%Added
Dynamic Technology Lab Private Ltd1,130$214.0K0.05%+1,130New
Oppenheimer Asset Management Inc.1,183$223.7K0.00%+1,183New
Susquehanna Fundamental Investments, LLC1,184$223.9K0.01%00.0%Unchanged
Mackenzie Financial Corp1,195$226.8K0.00%+26+2.2%Added
US Bancorp1,236$233.7K0.00%−160−11.5%Reduced
Rafferty Asset Management, LLC1,270$240.1K0.00%−33−2.5%Reduced
Neuberger Berman Group LLC1,271$240.3K0.00%−51−3.9%Reduced
CIBC World Markets Corp1,283$242.6K0.00%+1,283New
Supplemental Annuity Collective Trust of NJ1,290$243.9K0.06%−610−32.1%Reduced
Commerce Bank1,308$247.3K0.00%+1,308New
Norden Group LLC1,321$249.8K0.02%−774−36.9%Reduced
Sowell Financial Services LLC1,328$251.1K0.01%+1,328New
JustInvest LLC1,391$263.0K0.00%+55+4.1%Added
Bailard, Inc.1,400$264.7K0.01%00.0%Unchanged
Park Avenue Securities LLC1,402$265.0K0.00%+1,402New
Envestnet Portfolio Solutions, Inc.1,407$266.0K0.00%−153−9.8%Reduced
RSM US Wealth Management LLC1,404$267.0K0.00%−214−13.2%Reduced
Cim Investment Mangement Inc1,435$271.3K0.07%00.0%Unchanged
Keybank National Association1,477$279.3K0.00%+148+11.1%Added
Virginia Retirement Systems Et Al1,500$283.6K0.00%+1,500New
Alpine Global Management, LLC1,500$283.6K0.06%+1,500New
Cerity Partners LLC1,531$289.5K0.00%+79+5.4%Added
Xponance, Inc.1,536$290.4K0.00%+37+2.5%Added
Steigerwald, Gordon & Koch Inc.1,566$296.1K0.03%00.0%Unchanged
Ameritas Investment Partners, Inc.1,594$301.4K0.01%00.0%Unchanged
Canada Pension Plan Investment Board1,600$302.5K0.00%−1,900−54.3%Reduced
Stephens Inc1,656$313.1K0.00%−4−0.2%Reduced
Truist Financial Corp1,679$317.4K0.00%00.0%Unchanged
Cornerstone Investment Partners, LLC1,698$321.0K0.01%+1+0.1%Added
FORA Capital, LLC1,922$337.5K0.04%+1,922New
Swiss Life Asset Management Ltd1,823$344.7K0.00%+1,823New
1492 Capital Management LLC1,876$354.7K0.14%00.0%Unchanged
Contravisory Investment Management, Inc.2,036$384.9K0.08%−145−6.6%Reduced
Simplex Trading, LLC2,055$388.5K0.01%+408+24.8%Added
Citadel Advisors LLC2,066$390.6K0.00%−11,246−84.5%Reduced
Ashton Thomas Private Wealth, LLC2,103$397.6K0.01%+89+4.4%Added
Lido Advisors, LLC2,232$401.2K0.00%+31+1.4%Added
Fiduciary Trust Co2,143$405.2K0.00%+445+26.2%Added
BTC Capital Management, Inc.2,143$405.7K0.03%−853−28.5%Reduced
Profund Advisors LLC2,234$422.4K0.01%−419−15.8%Reduced
The PNC Financial Services Group, Inc.2,240$423.5K0.00%+410+22.4%Added
Mutual of America Capital Management LLC2,250$425.4K0.00%+55+2.5%Added
Crossmark Global Holdings, Inc.2,264$428.1K0.01%+456+25.2%Added
Evergreen Capital Management LLC2,276$430.3K0.01%−22−1.0%Reduced
Janney Capital Management LLC2,393$452.0K0.03%+43+1.8%Added
Summit Global Investments2,417$457.0K0.03%+975+67.6%Added
Public Employees Retirement Association of Colorado2,555$483.0K0.00%00.0%Unchanged
Wealth Enhancement Advisory Services, LLC2,688$526.9K0.00%+78+3.0%Added
Portside Wealth Group, LLC2,833$535.6K0.07%−1,385−32.8%Reduced
Freestone Grove Partners LP2,867$542.1K0.00%+2,867New
Maryland State Retirement & Pension System2,872$543.0K0.01%+61+2.2%Added
Cetera Trust Company, N.A2,880$544.5K0.29%00.0%Unchanged
Teacher Retirement System of Texas2,901$548.5K0.00%−1,829−38.7%Reduced
Group One Trading, L.P.2,953$558.3K0.02%+2,613+768.5%Added
Diadema Partners LP2,987$564.8K0.34%+2,987New
Quantinno Capital Management LP2,999$567.0K0.00%+515+20.7%Added
Sigma Planning Corp3,000$567.2K0.02%+3,000New
EntryPoint Capital, LLC3,009$568.9K0.22%00.0%Unchanged
Amundi3,033$573.4K0.00%−323−9.6%Reduced
Callan Family Office, LLC3,186$602.4K0.01%+321+11.2%Added
Zurcher Kantonalbank (Zurich Cantonalbank)3,193$603.7K0.00%00.0%Unchanged
China Universal Asset Management Co., Ltd.3,207$606.3K0.05%−228−6.6%Reduced
Cetera Investment Advisers3,335$630.5K0.00%+1,759+111.6%Added
Advisors Asset Management, Inc.3,336$630.7K0.01%−67−2.0%Reduced
Voya Investment Management LLC3,447$651.7K0.00%00.0%Unchanged
Man Group plc3,450$652.3K0.00%+3,450New
Brinker Capital Investments, LLC3,501$661.9K0.00%+2,315+195.2%Added
CWC Advisors, LLC.3,531$667.6K0.32%−7−0.2%Reduced
CI Private Wealth, LLC3,561$673.3K0.00%+741+26.3%Added
Virtus Investment Advisers, Inc.3,605$681.6K0.19%−278−7.2%Reduced
Integrated Quantitative Investments LLC3,635$687.3K0.15%+3,635New
Gibbs Wealth Management3,348$691.9K0.17%−2,994−47.2%Reduced
MML Investors Services, LLC3,734$706.0K0.00%−228−5.8%Reduced
Fred Alger Management, LLC3,762$711.3K0.00%−2,106−35.9%Reduced
State Board of Administration of Florida Retirement System3,805$719.4K0.00%+1,000+35.7%Added
Kings Path Partners LLC3,960$748.7K0.26%00.0%Unchanged
Atria Investments LLC3,966$749.9K0.01%−1,169−22.8%Reduced
KLP Kapitalforvaltning AS4,200$794.1K0.00%+300+7.7%Added
Bridgewater Associates, LP4,207$795.4K0.00%+2,919+226.6%Added
LPL Financial LLC4,273$807.9K0.00%+866+25.4%Added
Erste Asset Management GmbH4,300$839.2K0.01%00.0%Unchanged
Glenmede Trust Co NA4,482$847.4K0.00%+4,482New
Oregon Public Employees Retirement Fund4,485$848.0K0.01%+43+1.0%Added
DekaBank Deutsche Girozentrale11,185$859.0K0.00%00.0%Unchanged
ProShare Advisors LLC4,640$877.3K0.00%+339+7.9%Added
Quantbot Technologies LP4,644$878.0K0.03%+4,644New
Teachers Retirement System of the State of Kentucky4,791$906.0K0.01%−111−2.3%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys4,873$921.3K0.00%−118−2.4%Reduced