LIGAND PHARMACEUTICALS INC

Ticker: LGND CUSIP: 53220K504 Class: Common Stock

GF FUND MANAGEMENT CO. LTD.'s Holding History (CIK: 0002057060)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 386 Value ($000) $73 Avg Close $192.14 Range $175.56 - $212.49

Q3 2025

Shares 422 Value ($000) $75 Avg Close $148.66 Range $111.72 - $177.81

Q2 2025

Shares 484 Value ($000) $55 Avg Close $106.88 Range $93.58 - $118.58

Q1 2025

Shares 484 Value ($000) $51 Avg Close $113.09 Range $102.79 - $125.17

Q4 2024

Shares 397 Value ($000) $43 Avg Close $113.04 Range $97.78 - $129.90

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	386	$73	$192.14	$175.56 - $212.49
Q3 2025	422	$75	$148.66	$111.72 - $177.81
Q2 2025	484	$55	$106.88	$93.58 - $118.58
Q1 2025	484	$51	$113.09	$102.79 - $125.17
Q4 2024	397	$43	$113.04	$97.78 - $129.90