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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
First Trust Advisors LP69,220$13.1M0.01%+17,532+33.9%Added
Dana Investment Advisors, Inc.69,396$13.1M0.38%−3,263−4.5%Reduced
Allspring Global Investments Holdings, LLC71,818$13.7M0.02%−36,606−33.8%Reduced
Clark Capital Management Group, Inc.79,778$15.1M0.09%−3,213−3.9%Reduced
Principal Financial Group Inc93,830$17.7M0.01%−772−0.8%Reduced
Ameriprise Financial Inc98,264$18.6M0.00%−2,979−2.9%Reduced
Penn Capital Management Co Inc98,848$18.7M1.49%−8,434−7.9%Reduced
New York State Common Retirement Fund107,530$20.3M0.03%+21,001+24.3%Added
Legal & General Group Plc108,383$20.5M0.00%+130.0%Added
Royal Bank of Canada108,796$20.6M0.00%+5,303+5.1%Added
Nomura Holdings Inc116,417$22.0M0.06%−4,946−4.1%Reduced
GW&K Investment Management, LLC117,432$22.2M0.19%+85,297+265.4%Added
Standard Life Aberdeen plc119,309$22.6M0.03%−70,439−37.1%Reduced
Bank of America Corp120,169$22.7M0.00%−2,240−1.8%Reduced
Bank of New York Mellon Corp122,265$23.1M0.00%−5,234−4.1%Reduced
Driehaus Capital Management LLC122,326$23.1M0.16%−40,475−24.9%Reduced
Bank of Montreal126,063$23.8M0.01%+294+0.2%Added
Jacobs Levy Equity Management, Inc126,754$24.0M0.09%−935−0.7%Reduced
Fisher Asset Management, LLC130,858$24.7M0.01%+21,932+20.1%Added
Fiera Capital Corp131,236$24.8M0.08%+131,236New
Wells Fargo & Company132,636$25.1M0.00%+17,459+15.2%Added
Russell Investments Group, Ltd.138,464$26.2M0.03%+2,334+1.7%Added
UBS Group AG143,067$27.0M0.01%+31,081+27.8%Added
Impax Asset Management Group plc165,208$31.2M0.20%−35,000−17.5%Reduced
Charles Schwab Investment Management Inc184,284$34.8M0.01%+1,969+1.1%Added
Morgan Stanley193,402$36.6M0.00%+4,701+2.5%Added
Villere St Denis J & Co LLC202,452$38.3M3.84%−77,498−27.7%Reduced
Private Capital Management, LLC208,891$39.5M3.75%−18,267−8.0%Reduced
Ashford Capital Management Inc213,778$40.4M4.50%−30,652−12.5%Reduced
Northern Trust Corp250,640$47.4M0.01%−15,322−5.8%Reduced
Victory Capital Management Inc256,410$48.5M0.03%+1,605+0.6%Added
Ranger Investment Management, L.P.269,983$51.0M3.50%−5,357−1.9%Reduced
Rice Hall James & Associates, LLC279,627$52.9M2.91%−14,863−5.0%Reduced
Deutsche Bank AG307,871$58.2M0.02%+339+0.1%Added
UBS Asset Management Americas Inc363,584$68.7M0.01%−13,017−3.5%Reduced
Loomis Sayles & Co L P382,677$72.4M0.09%−17,876−4.5%Reduced
Goldman Sachs Group Inc429,004$81.1M0.01%+61,209+16.6%Added
Dimensional Fund Advisors LP432,992$81.9M0.02%−90,921−17.4%Reduced
Congress Asset Management Co480,063$90.8M0.64%−187,248−28.1%Reduced
Geode Capital Management, LLC493,589$93.3M0.01%+19,400+4.1%Added
Franklin Resources Inc496,160$93.8M0.02%+266,304+115.9%Added
Stephens Investment Management Group LLC501,040$94.7M1.23%−53,502−9.6%Reduced
Massachusetts Financial Services Co507,019$95.9M0.03%−34,826−6.4%Reduced
Invesco Ltd.516,464$97.6M0.01%+138,169+36.5%Added
Chicago Capital, LLC561,423$106.1M2.62%−7,188−1.3%Reduced
FMR LLC579,155$109.5M0.01%+121,924+26.7%Added
Nomura Asset Management International Inc.644,093$121.8M0.18%+644,093New
State Street Corp751,205$142.0M0.00%+1,845+0.2%Added
Janus Henderson Group PLC995,400$188.2M0.08%−46,978−4.5%Reduced
Vanguard Group Inc2,073,892$392.1M0.01%−2,391−0.1%Reduced
BlackRock, Inc.2,940,231$555.9M0.01%+55,704+1.9%Added
Macquarie Group Ltd0$00.00%−751,788−100.0%Sold out
Squarepoint Ops LLC0$00.00%−17,897−100.0%Sold out
Point72 Asset Management, L.P.0$00.00%−16,700−100.0%Sold out
ExodusPoint Capital Management, LP0$00.00%−13,931−100.0%Sold out
Acuitas Investments, LLC0$00.00%−13,494−100.0%Sold out
Simplify Asset Management Inc.0$00.00%−6,786−100.0%Sold out
Aquatic Capital Management LLC0$00.00%−6,598−100.0%Sold out
CenterBook Partners LP0$00.00%−6,434−100.0%Sold out
NJ State Employees Deferred Compensation Plan0$00.00%−5,000−100.0%Sold out
Verition Fund Management LLC0$00.00%−4,863−100.0%Sold out
Henshaw Capital LLC0$00.00%−4,668−100.0%Sold out
Omers Administration Corp0$00.00%−2,500−100.0%Sold out
Capstone Investment Advisors, LLC0$00.00%−2,153−100.0%Sold out
DRW Securities, LLC0$00.00%−2,108−100.0%Sold out
Baader Bank INC0$00.00%−2,062−100.0%Sold out
Pacer Advisors, Inc.0$00.00%−1,837−100.0%Sold out
Mariner, LLC0$00.00%−1,537−100.0%Sold out
Quadrature Capital Ltd0$00.00%−1,487−100.0%Sold out
Blue Barn Wealth, LLC0$00.00%−1,423−100.0%Sold out
Longboard Asset Management, LP0$00.00%−1,282−100.0%Sold out
JPL Wealth Management, LLC0$00.00%−296−100.0%Sold out
Tortoise Investment Management, LLC0$00.00%−102−100.0%Sold out
Quest Partners LLC0$00.00%−94−100.0%Sold out
Rise Advisors, LLC0$00.00%−84−100.0%Sold out
Optiver Holding B.V.0$00.00%−84−100.0%Sold out
Wealthspire Advisors, LLC0$00.00%−64−100.0%Sold out
Atlantic Trust, LLC0$00.00%−11−100.0%Sold out
Advisory Services Network, LLC0$00.00%−10−100.0%Sold out
Montag A & Associates Inc0$00.00%−6−100.0%Sold out
Mather Group, LLC.0$00.00%−4−100.0%Sold out
Court Place Advisors, LLC––––Not filed
Glenmede Investment Management, LP––––Not filed
CIBC Bancorp USA Inc.––––Not filed
Binnacle Investments Inc––––Not filed