Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in LGND held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 3.0M | $591.3M | +0.7% | 14.779% | 0.01% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 1.1M | $219.7M | β | 5.490% | 0.01% |
| 3 | JANUS HENDERSON GROUP PLC | 1.0M | $201.6M | +1.5% | 5.039% | 0.10% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 848K | $169.3M | β | 4.232% | 0.00% |
| 5 | Invesco Ltd. | 824K | $164.4M | +59.5% | 4.110% | 0.03% |
| 6 | STATE STREET CORP | 779K | $155.5M | +3.7% | 3.886% | 0.01% |
| 7 | FMR LLC | 596K | $119.0M | +2.9% | 2.974% | 0.01% |
| 8 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 573K | $114.5M | -11.0% | 2.861% | 0.20% |
| 9 | FRANKLIN RESOURCES INC | 573K | $114.4M | +15.5% | 2.860% | 0.03% |
| 10 | Chicago Capital, LLC | 562K | $112.1M | +0.0% | 2.803% | 3.14% |
| 11 | GEODE CAPITAL MANAGEMENT, LLC | 559K | $111.6M | +13.2% | 2.789% | 0.01% |
| 12 | CONGRESS ASSET MANAGEMENT CO /MA | 505K | $100.8M | +5.1% | 2.518% | 0.72% |
| 13 | Stephens Investment Management Group LLC | 495K | $98.8M | -1.3% | 2.468% | 1.35% |
| 14 | DIMENSIONAL FUND ADVISORS LP | 425K | $84.9M | -1.8% | 2.122% | 0.02% |
| 15 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 412K | $82.2M | -18.8% | 2.054% | 0.03% |
| 16 | GOLDMAN SACHS GROUP INC | 381K | $76.1M | -11.2% | 1.902% | 0.01% |
| 17 | LOOMIS SAYLES & CO L P | 353K | $70.5M | -7.7% | 1.762% | 0.09% |
| 18 | DEUTSCHE BANK AG\ | 306K | $61.1M | -0.6% | 1.527% | 0.02% |
| 19 | VICTORY CAPITAL MANAGEMENT INC | 303K | $60.5M | +18.3% | 1.513% | 0.04% |
| 20 | RICE HALL JAMES & ASSOCIATES, LLC | 284K | $56.6M | +1.4% | 1.415% | 3.15% |
| 21 | Ranger Investment Management, L.P. | 268K | $53.5M | -0.8% | 1.337% | 3.87% |
| 22 | NORTHERN TRUST CORP | 254K | $50.7M | +1.4% | 1.268% | 0.01% |
| 23 | UBS ASSET MANAGEMENT AMERICAS INC | 213K | $42.5M | -41.4% | 1.062% | 0.01% |
| 24 | ASHFORD CAPITAL MANAGEMENT INC | 208K | $41.4M | -2.9% | 1.036% | 5.12% |
| 25 | Private Capital Management, LLC | 201K | $40.2M | -3.6% | 1.005% | 4.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in LGND β a direct measure of their conviction.
Filings activity in LGND during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new LGND position in Q1 2026
Institutions that fully closed their LGND position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 347 | +1.2% | 79.14% | +4.28 pp | $4.05B | +5.7% |
| Q4 2025 | 343 | +13% | 74.86% | +4.35 pp | $3.83B | +6.2% |
| Q3 2025 | 303 | +15% | 70.51% | +28.75 pp | $3.61B | +69% |
| Q2 2025 | 264 | +3.9% | 41.76% | +4.99 pp | $2.14B | +14% |
| Q1 2025 | 254 | +1.6% | 36.77% | +0.47 pp | $1.88B | +1.3% |
| Q4 2024 | 250 | +6.4% | 36.30% | +2.68 pp | $1.86B | +8.0% |
| Q3 2024 | 235 | +2.2% | 33.62% | +6.44 pp | $1.72B | +24% |
| Q2 2024 | 230 | β | 27.18% | β | $1.39B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying LGND stock.
Based on Q1 2026 13F filings, institutional ownership of Ligand Pharmaceuticals Incorporated stands at 79.1%, held across 347 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of LGND, with approximately 2,961,923 shares worth $0.59B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of LGND.
Our composite Smart Money Score for LGND is 48 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
58 institutions opened new positions in LGND during Q1 2026, while 54 fully exited. 220 added to existing positions and 67 trimmed.
LGND institutional ownership rose by 4.28 percentage points quarter-over-quarter, with a net change of +4 holders.
The top 10 institutions account for 48.4% of all reported 13F value in LGND, and the top 25 account for 73.9%.
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.
Ligand Pharmaceuticals Incorporated (LGND) Institutional Ownership