DaveManuel.com · Institutional Ownership · Who Owns It
LIGAND PHARMACEUTICALS INC (LGND)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
423
Reporting holders
$7.3B
Reported value
113.7%
Of shares outstanding
1.8%
Calls
0.2%
Puts
+61
Holder change
Institutions report 22,674,536 shares against 19,935,609 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end. Over 100% because an adviser and a sub-adviser can both report the same shares, and both are counted.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| BlackRock, Inc. | $980.2M | 3,100,996 | 0.01% | 8q | +4.7%+$44.0M |
| Invesco Ltd. | $379.8M | 1,201,644 | 0.03% | 31q | +45.9%+$119.5M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $359.8M | 1,138,316 | 0.02% | 2q | +3.5%+$12.0M |
| Jupiter Topco LLC | $328.9M | 1,040,578 | 0.13% | new | FIRST |
| VANGUARD CAPITAL MANAGEMENT LLC | $275.3M | 870,950 | 0.01% | 2q | +2.7%+$7.2M |
| STATE STREET CORP | $261.3M | 826,539 | 0.01% | 31q | +6.1%+$15.1M |
| FMR LLC | $241.1M | 762,827 | 0.01% | 31q | +28.0%+$52.7M |
| FRANKLIN RESOURCES INC | $237.7M | 752,044 | 0.05% | 13q | +31.2%+$56.5M |
| CONGRESS ASSET MANAGEMENT CO | $208.6M | 659,911 | 1.28% | 9q | +30.8%+$49.1M |
| GEODE CAPITAL MANAGEMENT, LLC | $186.2M | 589,020 | 0.01% | 31q | +5.4%+$9.5M |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $179.7M | 568,371 | 0.27% | 3q | -0.9%-$1.6M |
| Chicago Capital, LLC | $174.9M | 553,435 | 4.21% | 25q | -1.5%-$2.6M |
| Stephens Investment Management Group LLC | $150.3M | 475,609 | 1.61% | 31q | -3.9%-$6.0M |
| BNP PARIBAS FINANCIAL MARKETS | $146.7M incl. $117.0M options CALL | 94,072 | 0.05% | 31q | +169.4%+$92.2M |
| DIMENSIONAL FUND ADVISORS LP | $135.7M | 429,314 | 0.02% | 31q | +1.0%+$1.3M |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $118.8M | 375,762 | 0.04% | 7q | -8.7%-$11.3M |
| GOLDMAN SACHS GROUP INC | $102.2M | 323,245 | 0.01% | 31q | -15.2%-$18.3M |
| LOOMIS SAYLES & CO L P | $92.2M | 291,805 | 0.12% | 9q | -17.4%-$19.4M |
| RICE HALL JAMES & ASSOCIATES, LLC | $85.4M | 270,052 | 4.15% | 31q | -4.8%-$4.3M |
| Ranger Investment Management, L.P. | $81.4M | 257,596 | 5.15% | 10q | -3.9%-$3.3M |
| NORTHERN TRUST CORP | $81.4M | 257,389 | 0.01% | 31q | +1.3%+$1.0M |
| VICTORY CAPITAL MANAGEMENT INC | $80.2M | 253,764 | 0.04% | 31q | -16.3%-$15.6M |
| DEUTSCHE BANK AG\ | $78.9M | 249,611 | 0.02% | 34q | -18.5%-$17.9M |
| NEUBERGER BERMAN GROUP LLC | $78.5M | 248,355 | 0.05% | 4q | +16887.3%+$78.0M |
| GW&K Investment Management, LLC | $78.0M | 246,883 | 0.61% | 19q | +65.1%+$30.8M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $66.5M | 210,427 | 0.01% | 31q | -1.2%-$777.9K |
| MORGAN STANLEY | $63.4M | 200,699 | 0.00% | 35q | +20.0%+$10.6M |
| NEXT CENTURY GROWTH INVESTORS LLC | $62.8M | 198,542 | 3.33% | 2q | +107.1%+$32.5M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $61.1M | 193,238 | 0.01% | 31q | +5.7%+$3.3M |
| Aberdeen Group plc | $54.5M | 172,480 | 0.08% | 24q | +91.6%+$26.1M |
| BANK OF AMERICA CORP /DE/ | $53.8M | 170,349 | 0.00% | 31q | +7.9%+$3.9M |
| ASHFORD CAPITAL MANAGEMENT INC | $53.8M | 170,236 | 5.77% | 10q | -18.0%-$11.8M |
| Private Capital Management, LLC | $52.5M | 166,016 | 4.62% | 9q | -17.6%-$11.2M |
| VILLERE ST DENIS J & CO LLC | $49.2M | 155,506 | 5.87% | 26q | -17.7%-$10.5M |
| Granahan Investment Management, LLC | $46.5M | 147,231 | 1.66% | 4q | +509.3%+$38.9M |
| VANGUARD FIDUCIARY TRUST CO | $45.2M | 142,926 | 0.01% | 2q | +11.7%+$4.7M |
| BESSEMER GROUP INC | $44.7M | 141,449 | 0.06% | 7q | +31.1%+$10.6M |
| NEW YORK STATE COMMON RETIREMENT FUND | $43.4M | 137,258 | 0.05% | 31q | +14.5%+$5.5M |
| Bank of New York Mellon Corp | $41.4M | 131,068 | 0.01% | 31q | +9.8%+$3.7M |
| Impax Asset Management Group plc | $41.1M | 130,000 | 0.27% | 31q | -14.7%-$7.1M |
| VOYA INVESTMENT MANAGEMENT LLC | $40.2M | 127,071 | 0.03% | 31q | +3686.4%+$39.1M |
| UBS Group AG | $39.4M | 124,674 | 0.01% | 31q | +19.2%+$6.4M |
| Fisher Asset Management, LLC | $38.4M | 121,440 | 0.01% | 31q | -5.1%-$2.1M |
| Russell Investments Group, Ltd. | $38.0M | 120,304 | 0.03% | 31q | -0.7%-$267.7K |
| ROYAL BANK OF CANADA | $37.6M | 119,073 | 0.01% | 31q | +6.8%+$2.4M |
| Driehaus Capital Management LLC | $37.5M | 118,497 | 0.22% | 8q | HELD |
| Penn Capital Management Company, LLC | $31.7M | 100,337 | 2.01% | 8q | +5.1%+$1.5M |
| Legal & General Group Plc | $31.2M | 98,746 | 0.01% | 31q | +1.1%+$343.3K |
| PRINCIPAL FINANCIAL GROUP INC | $31.0M | 97,971 | 0.02% | 31q | +2.4%+$712.8K |
| PRICE T ROWE ASSOCIATES INC /MD/ | $28.9M | 91,478 | 0.00% | 31q | +282.7%+$21.4M |
| FIRST TRUST ADVISORS LP | $28.7M | 90,893 | 0.02% | 12q | +13.0%+$3.3M |
| OSAIC HOLDINGS, INC. | $28.5M | 90,236 | 0.03% | 26q | +55.2%+$10.1M |
| SEI INVESTMENTS CO | $28.3M | 89,672 | 0.03% | 31q | +19.3%+$4.6M |
| Pembroke Management, LTD | $25.5M | 80,554 | 1.80% | new | NEW |
| Fiera Capital Corp | $24.4M | 77,348 | 0.09% | 3q | -42.8%-$18.3M |
| AMERIPRISE FINANCIAL INC | $24.1M | 76,197 | 0.00% | 31q | -1.4%-$340.1K |
| JPMORGAN CHASE & CO | $23.2M | 73,052 | 0.00% | 31q | -15.3%-$4.2M |
| Public Sector Pension Investment Board | $21.8M | 68,888 | 0.06% | 20q | -2.1%-$471.0K |
| D. E. Shaw & Co., Inc. | $21.3M incl. $3.5M options CALL+PUT | 56,515 | 0.01% | 5q | -27.9%-$8.3M |
| CITIGROUP INC | $21.1M | 66,639 | 0.01% | 31q | +208.6%+$14.2M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $20.5M incl. $15.3M options CALL+PUT | 16,417 | 0.00% | 31q | +144.9%+$12.1M |
| CASTLEARK MANAGEMENT LLC | $19.6M | 62,043 | 0.53% | 4q | +27.4%+$4.2M |
| NOMURA HOLDINGS INC | $19.6M | 61,938 | 0.02% | 4q | -45.8%-$16.6M |
| Dana Investment Advisors, Inc. | $18.2M | 57,520 | 0.47% | 10q | -16.9%-$3.7M |
| WELLS FARGO & COMPANY/MN | $18.1M | 57,288 | 0.00% | 31q | -32.5%-$8.7M |
| PRUDENTIAL FINANCIAL INC | $17.3M | 54,623 | 0.02% | 31q | -14.8%-$3.0M |
| Granite Investment Partners, LLC | $17.1M | 54,128 | 0.88% | 8q | HELD |
| Allspring Global Investments Holdings, LLC | $16.2M | 51,948 | 0.02% | 19q | -1.3%-$219.7K |
| NORDEA INVESTMENT MANAGEMENT AB | $15.9M | 49,943 | 0.01% | 31q | -1.9%-$316.0K |
| RHUMBLINE ADVISERS | $15.8M | 50,125 | 0.01% | 31q | -11.8%-$2.1M |
| Emerald Investment Advisers, LLC | $14.8M | 46,921 | 0.99% | 2q | +6.1%+$851.9K |
| Nuveen, LLC | $14.7M | 46,647 | 0.00% | 6q | +9.3%+$1.3M |
| Context Capital Management, LLC | $14.5M | 46,000 | 0.28% | new | NEW |
| SUSQUEHANNA ADVISORS GROUP, INC. | $14.1M | 44,600 | 0.25% | new | NEW |
| KORNITZER CAPITAL MANAGEMENT INC /KS | $14.1M | 44,532 | 0.29% | 31q | -26.2%-$5.0M |
| WCM INVESTMENT MANAGEMENT, LLC | $14.0M | 44,570 | 0.03% | 3q | HELD |
| ESSEX INVESTMENT MANAGEMENT CO LLC | $13.8M | 43,567 | 1.80% | 9q | -25.5%-$4.7M |
| ENVESTNET ASSET MANAGEMENT INC | $12.8M | 40,350 | 0.00% | 31q | +16.7%+$1.8M |
| Swiss National Bank | $12.3M | 39,000 | 0.01% | 31q | HELD |
| ARISTEIA CAPITAL, L.L.C. | $11.8M | 37,250 | 0.15% | new | NEW |
| STIFEL FINANCIAL CORP | $11.6M | 36,833 | 0.01% | 14q | +11.6%+$1.2M |
| CAPTRUST FINANCIAL ADVISORS | $10.9M | 34,607 | 0.02% | 12q | +15.7%+$1.5M |
| Uniplan Investment Counsel, Inc. | $10.8M | 34,249 | 1.02% | 10q | -14.8%-$1.9M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $10.7M | 33,851 | 0.02% | 6q | +34.1%+$2.7M |
| KENNEDY CAPITAL MANAGEMENT LLC | $10.5M | 33,353 | 0.19% | new | NEW |
| Clark Capital Management Group, Inc. | $10.4M | 32,948 | 0.06% | 8q | -63.5%-$18.1M |
| Moody Aldrich Partners LLC | $8.9M | 28,160 | 1.60% | 4q | +91.9%+$4.3M |
| Linden Advisors LP | $8.7M | 27,426 | 0.04% | new | NEW |
| Hodges Capital Management Inc. | $7.4M | 23,444 | 0.49% | new | NEW |
| Squarepoint Ops LLC | $7.2M | 22,800 | 0.01% | 2q | +256.6%+$5.2M |
| Calamos Advisors LLC | $7.1M | 22,435 | 0.02% | 11q | +7.6%+$497.8K |
| BANK OF MONTREAL /CAN/ | $7.1M | 22,318 | 0.00% | 11q | -74.1%-$20.2M |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $7.0M | 22,053 | 0.01% | 31q | -7.3%-$547.2K |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM | $6.6M | 20,950 | 0.01% | 31q | -14.5%-$1.1M |
| ISTHMUS PARTNERS, LLC | $6.6M | 20,935 | 0.64% | 29q | -13.0%-$987.5K |
| Moran Wealth Management, LLC | $6.3M | 19,790 | 0.17% | 2q | +2.5%+$153.0K |
| LAZARD ASSET MANAGEMENT LLC | $6.2M | 19,659 | 0.01% | new | NEW |
| Informed Momentum Co LLC | $6.2M | 19,498 | 0.55% | new | NEW |
| TD Waterhouse Canada Inc. | $6.1M | 19,625 | 0.02% | new | NEW |
| PALISADE CAPITAL MANAGEMENT, LP | $6.0M | 19,057 | 0.26% | 2q | -7.2%-$464.0K |
Showing the largest 100 of 423 reported holders.
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-12 | Espinoza Octavio | Chief Financial Officer | Sold | 31,641 | $9.2M |
| 2026-08-12 | Haas Jason | Director | Sold | 7,138 | $2.1M |
| 2026-06-12 | Haas Jason | Director | Sold | 6,461 | $1.7M ×2 |
| 2026-07-01 | Reardon Andrew | CLO & Secretary | Sold | 5,000 | $1.6M ×8 |
| 2026-10-02 | Reardon Andrew | CLO & Secretary | Sold | 5,000 | $1.5M ×6 |
| 2026-08-03 | Reardon Andrew | CLO & Secretary | Sold | 5,000 | $1.4M ×10 |
| 2026-09-03 | Reardon Andrew | CLO & Secretary | Sold | 5,000 | $1.4M ×5 |
| 2026-06-10 | LAMATTINA JOHN L | Director | Sold | 4,591 | $1.2M ×4 |
| 2026-06-01 | Reardon Andrew | CLO & Secretary | Sold | 5,000 | $1.1M ×7 |
| 2026-06-11 | Aryeh Jason | Director | Sold | 4,500 | $1.1M |
| 2026-06-16 | Sabba Stephen L | Director | Sold | 2,145 | $544.8K |
| 2026-05-13 | KOZARICH JOHN W | Director | Sold | 1,575 | $352.0K |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 113 | $508.2M | 1,628,175 | 14 | 35 | 34 | 0.0% |
| Q2 2026 | 423 | $7.3B | 22,674,536 | 95 | 148 | 110 | 2.0% |
| Q1 2026 | 362 | $4.2B | 20,808,969 | 52 | 125 | 112 | 0.4% |
| Q4 2025 | 352 | $3.9B | 20,571,770 | 61 | 103 | 113 | 0.2% |
| Q3 2025 | 314 | $3.6B | 20,557,382 | 64 | 95 | 96 | 0.2% |
| Q2 2025 | 270 | $2.2B | 19,207,302 | 32 | 107 | 79 | 0.1% |
| Q1 2025 | 262 | $2.0B | 18,730,228 | 28 | 99 | 80 | 0.1% |
| Q4 2024 | 261 | $2.0B | 18,256,324 | 34 | 101 | 59 | 0.2% |
| Q3 2024 | 246 | $1.8B | 18,183,160 | 38 | 94 | 48 | 0.4% |
| Q2 2024 | 236 | $1.5B | 17,317,895 | 40 | 78 | 69 | 0.5% |
| Q1 2024 | 225 | $1.3B | 17,058,698 | 33 | 58 | 68 | 0.8% |
| Q4 2023 | 212 | $1.2B | 16,411,731 | 25 | 68 | 69 | 0.6% |
| Q3 2023 | 196 | $954.3M | 15,794,689 | 18 | 65 | 72 | 0.8% |
| Q2 2023 | 204 | $1.1B | 15,578,381 | 24 | 77 | 63 | 0.6% |
| Q1 2023 | 212 | $1.1B | 15,029,453 | 37 | 60 | 68 | 0.4% |
| Q4 2022 | 196 | $985.4M | 14,717,497 | 32 | 64 | 64 | 0.2% |
| Q3 2022 | 194 | $1.9B | 21,429,031 | 27 | 60 | 56 | 1.3% |
| Q2 2022 | 187 | $1.8B | 20,419,617 | 20 | 53 | 69 | 0.3% |
| Q1 2022 | 195 | $2.6B | 23,173,722 | 14 | 63 | 73 | 0.4% |
| Q4 2021 | 217 | $4.2B | 26,979,526 | 20 | 68 | 73 | 1.1% |
| Q3 2021 | 208 | $3.9B | 27,442,502 | 19 | 68 | 68 | 0.9% |
| Q2 2021 | 213 | $4.0B | 29,826,472 | 19 | 62 | 72 | 1.2% |
| Q1 2021 | 226 | $4.6B | 29,461,904 | 36 | 51 | 105 | 3.5% |
| Q4 2020 | 239 | $3.6B | 33,614,062 | 21 | 74 | 86 | 6.4% |
| Q3 2020 | 254 | $3.7B | 37,388,051 | 28 | 82 | 95 | 3.6% |
| Q2 2020 | 265 | $4.4B | 37,694,895 | 39 | 78 | 111 | 4.1% |
| Q1 2020 | 263 | $3.8B | 49,812,140 | 46 | 67 | 105 | 3.4% |
| Q4 2019 | 264 | $4.4B | 40,190,909 | 22 | 58 | 123 | 4.9% |
| Q3 2019 | 278 | $4.5B | 42,663,227 | 22 | 70 | 129 | 5.3% |
| Q2 2019 | 309 | $5.5B | 46,107,555 | 29 | 87 | 133 | 5.1% |
| Q1 2019 | 336 | $6.2B | 47,848,308 | 49 | 114 | 121 | 3.0% |
| Q4 2018 | 362 | $11.5B | 83,097,585 | 4 | 9 | 3 | 2.2% |