Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in AQST held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Bratton Capital Management, L.P. | 9.8M | $40.7M | 0.0% | 9.880% | 100.00% |
| 2 | BlackRock, Inc. | 7.5M | $31.2M | -3.4% | 7.562% | 0.00% |
| 3 | RTW INVESTMENTS, LP | 7.4M | $30.8M | +18.8% | 7.478% | 0.31% |
| 4 | Arete Wealth Advisors, LLC | 121K | $14.1M | — | 0.122% | 1.05% |
| 5 | FEDERATED HERMES, INC. | 2.9M | $12.2M | +44.6% | 2.961% | 0.02% |
| 6 | BALYASNY ASSET MANAGEMENT LLC | 2.9M | $12.0M | +198.7% | 2.921% | 0.04% |
| 7 | STATE STREET CORP | 2.5M | $10.6M | +3.4% | 2.564% | 0.00% |
| 8 | Samsara BioCapital, LLC | 2.5M | $10.4M | 0.0% | 2.518% | 1.01% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 2.4M | $10.0M | +1.7% | 2.425% | 0.00% |
| 10 | BANK OF AMERICA CORP /DE/ | 2.4M | $10.0M | +99.2% | 2.422% | 0.00% |
| 11 | Sio Capital Management, LLC | 1.9M | $8.0M | +93.6% | 1.936% | 1.15% |
| 12 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1.6M | $6.7M | +32.0% | 1.627% | 0.00% |
| 13 | MORGAN STANLEY | 1.6M | $6.6M | -9.5% | 1.603% | 0.00% |
| 14 | Blue Owl Capital Holdings LP | 1.3M | $5.6M | +156.8% | 1.357% | 1.50% |
| 15 | TWO SIGMA INVESTMENTS, LP | 1.1M | $4.7M | +199.0% | 1.147% | 0.00% |
| 16 | COMMONWEALTH EQUITY SERVICES, LLC | 1.1M | $4.5M | +6.2% | 1.090% | 0.01% |
| 17 | WELLS FARGO & COMPANY/MN | 1.0M | $4.3M | -13.0% | 1.042% | 0.00% |
| 18 | WASATCH ADVISORS INC | 878K | $3.6M | +28.9% | 0.884% | 0.02% |
| 19 | BNP PARIBAS ARBITRAGE, SA | 809K | $3.4M | -30.9% | 0.815% | 0.00% |
| 20 | BARCLAYS PLC | 799K | $3.3M | +134.5% | 0.805% | 0.00% |
| 21 | NORTHERN TRUST CORP | 733K | $3.0M | -1.4% | 0.738% | 0.00% |
| 22 | Propel Bio Management, LLC | 711K | $3.0M | — | 0.716% | 1.86% |
| 23 | Walleye Capital LLC | 585K | $2.4M | +103.3% | 0.589% | 0.01% |
| 24 | Everstar Asset Management, LLC | 553K | $2.3M | +60.4% | 0.557% | 1.22% |
| 25 | GOLDMAN SACHS GROUP INC | 467K | $1.9M | -48.6% | 0.470% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in AQST — a direct measure of their conviction.
Filings activity in AQST during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 170 | 1.2% | 68.23% | 42.62 pp | $283M | 38% |
| Q4 2025 | 172 | +15% | 110.85% | +25.03 pp | $459M | +29% |
| Q3 2025 | 150 | +30% | 85.82% | +49.04 pp | $355M | +133% |
| Q2 2025 | 115 | 4.2% | 36.78% | +6.49 pp | $152M | +21% |
| Q1 2025 | 120 | +6.2% | 30.29% | 5.59 pp | $125M | 16% |
| Q4 2024 | 113 | 1.7% | 35.88% | 17.90 pp | $149M | 33% |
| Q3 2024 | 115 | +22% | 53.78% | +27.84 pp | $223M | +107% |
| Q2 2024 | 94 | — | 25.94% | — | $107M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying AQST stock.
Based on Q1 2026 13F filings, institutional ownership of Aquestive Therapeutics, Inc. stands at 68.2%, held across 170 reporting institutions.
Bratton Capital Management, L.P. is the largest reported institutional holder of AQST, with approximately 9,810,958 shares worth $0.04B as of Q1 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of AQST, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, TWO SIGMA INVESTMENTS, LP.
Our composite Smart Money Score for AQST is 41 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
47 institutions opened new positions in AQST during Q1 2026, while 49 fully exited. 24 added to existing positions and 98 trimmed.
AQST institutional ownership fell by 42.62 percentage points quarter-over-quarter, with a net change of -2 holders.
The top 10 institutions account for 64.4% of all reported 13F value in AQST, and the top 25 account for 86.8%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Aquestive Therapeutics, Inc. (AQST) Institutional Ownership