LIGAND PHARMACEUTICALS INC

Ticker: LGND CUSIP: 53220K504 Class: Common Stock

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (58)

Future Fund LLC
Value ($000) $1,755 Shares 9,280
Integrated Quantitative Investments LLC
Value ($000) $687 Shares 3,635
Fiera Capital Corp
Value ($000) $24,813 Shares 131,236
DIADEMA PARTNERS LP
Value ($000) $565 Shares 2,987
Persistent Asset Partners Ltd
Value ($000) $150 Shares 791
One Capital Management, LLC
Value ($000) $1,756 Shares 9,287
XTX Topco Ltd
Value ($000) $1,459 Shares 7,717
Alpine Global Management, LLC
Value ($000) $284 Shares 1,500
FORA Capital, LLC
Value ($000) $337 Shares 1,922
Dynamic Technology Lab Private Ltd
Value ($000) $214 Shares 1,130
Bayforest Capital Ltd
Value ($000) $73 Shares 385
WCM INVESTMENT MANAGEMENT, LLC
Value ($000) $8,677 Shares 45,621
Quantbot Technologies LP
Value ($000) $878 Shares 4,644
Sigma Planning Corp
Value ($000) $567 Shares 3,000
State of Wyoming
Value ($000) $169 Shares 894
B. Metzler seel. Sohn & Co. AG
Value ($000) $1,301 Shares 6,879
GUGGENHEIM CAPITAL LLC
Value ($000) $994 Shares 5,257
Sowell Financial Services LLC
Value ($000) $251 Shares 1,328
MAI Capital Management
Value ($000) $975 Shares 5,158
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP
Value ($000) $3,788 Shares 20,036

Increased Positions (99)

Lisanti Capital Growth, LLC
Value ($000) $8,270 (+57.3%) Shares 43,742 (+47.4%)
GW&K Investment Management, LLC
Value ($000) $22 (+290.1%) Shares 117,432 (+265.4%)
Edgestream Partners, L.P.
Value ($000) $4,328 (+123.6%) Shares 22,889 (+109.5%)
PIER 88 INVESTMENT PARTNERS LLC
Value ($000) $1,611 (+26.3%) Shares 8,520 (+18.3%)
FRANKLIN RESOURCES INC
Value ($000) $93,809 (+130.4%) Shares 496,160 (+115.9%)
CASTLEARK MANAGEMENT LLC
Value ($000) $12,618 (+10.1%) Shares 66,736 (+3.2%)
Covestor Ltd
Value ($000) $0 (+6400.0%) Shares 343 (+17050.0%)
Invesco Ltd.
Value ($000) $97,648 (+45.7%) Shares 516,464 (+36.5%)
Granahan Investment Management, LLC
Value ($000) $4,925 (+11.4%) Shares 26,050 (+4.4%)
NEW YORK STATE COMMON RETIREMENT FUND
Value ($000) $20,331 (+32.6%) Shares 107,530 (+24.3%)
FMR LLC
Value ($000) $109,501 (+35.2%) Shares 579,155 (+26.7%)
SEI INVESTMENTS CO
Value ($000) $8,767 (+80.5%) Shares 46,368 (+69.1%)
BNP PARIBAS ARBITRAGE, SA
Value ($000) $6,609 (+811.8%) Shares 34,957 (+754.3%)
PRUDENTIAL FINANCIAL INC
Value ($000) $8,628 (+67.8%) Shares 45,636 (+57.2%)
GOLDMAN SACHS GROUP INC
Value ($000) $81,112 (+24.5%) Shares 429,004 (+16.6%)
FIRST TRUST ADVISORS LP
Value ($000) $13,087 (+42.9%) Shares 69,220 (+33.9%)
D. E. Shaw & Co., Inc.
Value ($000) $6,911 (+122.8%) Shares 36,551 (+108.7%)
Susquehanna Portfolio Strategies, LLC
Value ($000) $1,464 (+42.6%) Shares 7,744 (+33.6%)
BlackRock, Inc.
Value ($000) $555,909 (+8.8%) Shares 2,940,231 (+1.9%)
Fisher Asset Management, LLC
Value ($000) $24,741 (+28.2%) Shares 130,858 (+20.1%)

Decreased Positions (106)

VILLERE ST DENIS J & CO LLC
Value ($000) $38,278 (-22.8%) Shares 202,452 (-27.7%)
ASHFORD CAPITAL MANAGEMENT INC
Value ($000) $40,419 (-6.6%) Shares 213,778 (-12.5%)
Private Capital Management, LLC
Value ($000) $39,495 (-1.8%) Shares 208,891 (-8.0%)
RICE HALL JAMES & ASSOCIATES, LLC
Value ($000) $52,869 (+1.3%) Shares 279,627 (-5.0%)
Ranger Investment Management, L.P.
Value ($000) $51,046 (+4.7%) Shares 269,983 (-1.9%)
Chicago Capital, LLC
Value ($000) $106,148 (+5.4%) Shares 561,423 (-1.3%)
CONGRESS ASSET MANAGEMENT CO /MA
Value ($000) $90,766 (-23.2%) Shares 480,063 (-28.1%)
Penn Capital Management Company, LLC
Value ($000) $18,710 (-1.7%) Shares 98,848 (-7.9%)
Stephens Investment Management Group LLC
Value ($000) $94,732 (-3.6%) Shares 501,040 (-9.6%)
Moody Aldrich Partners LLC
Value ($000) $3,702 (-19.3%) Shares 19,581 (-24.4%)
EAM Investors, LLC
Value ($000) $3,988 (-24.2%) Shares 21,092 (-30.1%)
Jackson Creek Investment Advisors LLC
Value ($000) $2 (-38.7%) Shares 8,313 (-42.6%)
ESSEX INVESTMENT MANAGEMENT CO LLC
Value ($000) $11,348 (+4.8%) Shares 60,020 (-1.8%)
KORNITZER CAPITAL MANAGEMENT INC /KS
Value ($000) $11,409 (-29.4%) Shares 60,342 (-33.8%)
Gibbs Wealth Management
Value ($000) $692 (-38.4%) Shares 3,348 (-47.2%)
Granite Investment Partners, LLC
Value ($000) $10,952 (+0.3%) Shares 57,926 (-6.0%)
DRIEHAUS CAPITAL MANAGEMENT LLC
Value ($000) $23,128 (-19.8%) Shares 122,326 (-24.9%)
Trexquant Investment LP
Value ($000) $2,184 (-72.3%) Shares 11,550 (-74.0%)
Impax Asset Management Group plc
Value ($000) $31,236 (-11.9%) Shares 165,208 (-17.5%)
F/M Investments LLC
Value ($000) $8,722 (-4.4%) Shares 46,130 (-10.4%)

Exited Positions (29)

Acuitas Investments, LLC
Value ($000) $2,390 Shares 13,494
Longboard Asset Management, LP
Value ($000) $227 Shares 1,282
MACQUARIE GROUP LTD
Value ($000) $133,172 Shares 751,788
Blue Barn Wealth, LLC
Value ($000) $252 Shares 1,423
CenterBook Partners LP
Value ($000) $1,140 Shares 6,434
Aquatic Capital Management LLC
Value ($000) $1,169 Shares 6,598
ExodusPoint Capital Management, LP
Value ($000) $2,468 Shares 13,931
Simplify Asset Management Inc.
Value ($000) $1,202 Shares 6,786
Baader Bank Aktiengesellschaft
Value ($000) $361 Shares 2,062
Point72 Asset Management, L.P.
Value ($000) $2,958 Shares 16,700
DRW Securities, LLC
Value ($000) $373 Shares 2,108
JPL Wealth Management, LLC
Value ($000) $52 Shares 296
Squarepoint Ops LLC
Value ($000) $3,170 Shares 17,897
Verition Fund Management LLC
Value ($000) $861 Shares 4,863
OMERS ADMINISTRATION Corp
Value ($000) $443 Shares 2,500
Quadrature Capital Ltd
Value ($000) $263 Shares 1,487
NORGES BANK
Value ($000) $1,600 Shares 14,073
CAPSTONE INVESTMENT ADVISORS, LLC
Value ($000) $381 Shares 2,153
Pacer Advisors, Inc.
Value ($000) $325 Shares 1,837
Rise Advisors, LLC
Value ($000) $15 Shares 84