Caligan Partners LP: LIQUIDIA CORPORATION (LQDA): Quarterly 13F Position History
As of Q1 2026, Caligan Partners LP reported 8,118,892 shares of LIQUIDIA CORPORATION (LQDA), worth $306.4M and representing 21.7% of its 13F equity book. The position first appeared in Q4 2022 and has been disclosed across 14 13F-HR filings in Pactolio's tracked window.
- 8,118,892Shares Held (Latest Filing)
- $306.4MReported Market Value (Latest Filing)
- 21.7%Portfolio Weight (% of 13F Equity Book)
- 0Quarter-over-Quarter Share Change
- +$26.4MQuarter-over-Quarter Value Change
- 10,360,945Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 14 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 8,118,892 | 0 | — | $306.4M | 21.7% | $37.7 |
| Q4 2025 | 8,118,892 | 0 | — | $280.0M | 25.6% | $34.5 |
| Q3 2025 | 8,118,892 | 0 | — | $184.6M | 25.6% | $22.7 |
| Q2 2025 | 8,118,892 | +300 | +0.0% | $101.2M | 19.6% | $12.5 |
| Q1 2025 | 8,118,592 | 0 | — | $119.7M | 25.0% | $14.8 |
| Q4 2024 | 8,118,592 | 0 | — | $115.5M | 29.3% | $14.2 |
| Q3 2024 | 8,118,592 | 2,242,353 | -21.6% | $81.2M | 25.7% | $10.0 |
| Q2 2024 | 10,360,945 | 0 | — | $124.3M | 29.0% | $12.0 |
| Q1 2024 | 10,360,945 | 0 | — | $152.8M | 40.4% | $14.8 |
| Q4 2023 | 10,360,945 | +1,117,318 | +12.1% | $124.6M | 42.0% | $12.0 |
| Q3 2023 | 9,243,627 | 0 | — | $58.6M | 30.0% | $6.3 |
| Q2 2023 | 9,243,627 | 0 | — | $72.6M | 44.1% | $7.8 |
| Q1 2023 | 9,243,627 | 933,000 | -9.2% | $63.9M | 44.6% | $6.9 |
| Q4 2022 | 10,176,627 | — | — | $64.8M | 51.4% | $6.4 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Caligan Partners LP first disclose a LQDA position in 13F-HR filings?
Caligan Partners LP first reported LIQUIDIA CORPORATION (LQDA) on its 13F-HR filing for the period ending 2022-12-31 (Q4 2022). The position has appeared on 14 reported quarters within Pactolio's tracked window.
What was Caligan Partners LP's most recent quarter-over-quarter share-count change in LQDA?
Caligan Partners LP held the same 8,118,892 shares of LQDA between Q4 2025 and Q1 2026 — the reported share count was unchanged quarter-over-quarter.
Does the implied price-per-share represent Caligan Partners LP's cost basis in LQDA?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.