Ligand Pharmaceuticals Incorpor (LGND) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

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What is the Smart Money Verdict on LGND?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for Ligand Pharmaceuticals Incorpor.

Is institutional money flowing into LGND?

161 institutional investors hold Ligand Pharmaceuticals Incorpor (LGND). View detailed buyer/seller breakdown on HoldingsIntel.

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Track institutional sentiment and conviction scores for Ligand Pharmaceuticals Incorpor (LGND) including Smart Money Verdict and position changes on HoldingsIntel.

Ligand Pharmaceuticals Incorpor

LGND·53220K504·US·equity·Healthcare - Biotechnology-13D/G

LGND (Ligand Pharmaceuticals Incorpor) is held by 161 institutional investors as of Q4 2025. Largest holders: BlackRock, Inc. ($555.9M), VANGUARD GROUP INC ($392.1M), JANUS HENDERSON GROUP PLC ($188.2M). Net institutional sentiment: Mixed.

161

Holders

Avg rating(16 Elite)

$3.2B

Total Value

54% (175)

Fund Consensus

90 buying - 76 selling

Smart Money VerdictView all

42Weak MomentumSplit Signals

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See how LGND's score breaks down across 4 SEC sources

Held by 161 funds

16 elite

Who's Trading

InsiderKOZARICH JOHN WSell $29KApr 1, 2026

Insider

13F: Dec 31, 2025Insider & Congress: Updated regularly

InsiderEspinoza OctavioSell $688KMar 11, 2026

CongressGilbert CisnerosBuy $1,001 - $15,000Mar 3, 2026

CongressGilbert CisnerosBuy $1,001 - $15,000Jan 15, 2026

CongressGilbert CisnerosBuy $1,001 - $15,000Jan 5, 2026

ActivistJANUS HENDERSON GROUP PLC5.3%Nov 14, 2025

ActivistBlackRock, Inc.14.5%Oct 17, 2025

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
BlackRock, Inc.	Increased	2.9M(+1.9%)	$555.9M	0.0%	+90.24%	32
VANGUARD GROUP INC	Decreased	2.1M(-0.1%)	$392.1M	0.0%	+108.21%	0
JANUS HENDERSON GROUP PLC	Decreased	995,400(-4.5%)	$188.2M	0.1%	+194.11%	0
STATE STREET CORP	Increased	751,205(+0.3%)	$142M	0.0%	+170.36%	30
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	New	644,093	$121.8M	0.2%	+7.38%	50
FMR LLC	Increased	579,155(+26.7%)	$109.5M	0.0%	+17.57%	37
Invesco Ltd.	Increased	516,464(+36.5%)	$97.6M	0.0%	+50.81%	39
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	Decreased	507,019(-6.4%)	$95.9M	0.0%	+54.90%	0
FRANKLIN RESOURCES INC	Increased	496,160(+115.9%)	$93.8M	0.0%	+32.13%	48
GEODE CAPITAL MANAGEMENT, LLC	Increased	493,589(+4.1%)	$93.3M	0.0%	+129.12%	31
CONGRESS ASSET MANAGEMENT CO	Decreased	480,063(-28.1%)	$90.8M	0.6%	+130.20%	0
DIMENSIONAL FUND ADVISORS LP	Decreased	432,992(-17.4%)	$81.9M	0.0%	+180.54%	0
GOLDMAN SACHS GROUP INC	Increased	429,004(+16.6%)	$81.1M	0.0%	+23.36%	35
LOOMIS SAYLES & CO L P	Decreased	382,677(-4.5%)	$72.4M	0.1%	+125.97%	0
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	Decreased	363,584(-3.5%)	$68.7M	0.0%	+85.19%	0
DEUTSCHE BANK AG\	Increased	307,871(+0.1%)	$58.2M	0.0%	+165.77%	29
VICTORY CAPITAL MANAGEMENT INC	Increased	256,410(+0.6%)	$48.5M	0.0%	+24.85%	29
NORTHERN TRUST CORP	Decreased	250,640(-5.8%)	$47.4M	0.0%	+142.65%	0
MORGAN STANLEY	Increased	193,402(+2.5%)	$36.6M	0.0%	+122.45%	30
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	Increased	184,284(+1.1%)	$34.8M	0.0%	+133.55%	29
Impax Asset Management Group plc	Decreased	165,208(-17.5%)	$31.2M	0.2%	+188.55%	0
UBS Group AG	Increased	143,067(+27.8%)	$27M	0.0%	+28.67%	36
Russell Investments Group, Ltd.	Increased	138,464(+1.7%)	$26.2M	0.0%	+123.87%	29
WELLS FARGO & COMPANY/MN	Increased	132,636(+15.2%)	$25.1M	0.0%	+22.83%	33
Fiera Capital Corp	New	131,236	$24.8M	0.1%	+7.38%	40
Fisher Asset Management, LLC	Increased	130,858(+20.1%)	$24.7M	0.0%	+94.25%	34
JACOBS LEVY EQUITY MANAGEMENT, INC	Decreased	126,754(-0.7%)	$24M	0.1%	+89.38%	0
BANK OF MONTREAL /CAN/	Increased	126,063(+0.2%)	$23.8M	0.0%	+20.05%	29
DRIEHAUS CAPITAL MANAGEMENT LLC	Decreased	122,326(-24.9%)	$23.1M	0.2%	+101.12%	0
Bank of New York Mellon Corp	Decreased	122,265(-4.1%)	$23.1M	0.0%	+207.04%	0
BANK OF AMERICA CORP /DE/	Decreased	120,169(-1.8%)	$22.7M	0.0%	+84.93%	0
Aberdeen Group plc	Decreased	119,309(-37.1%)	$22.6M	0.0%	+156.76%	0
NOMURA HOLDINGS INC	Decreased	116,417(-4.1%)	$22M	0.0%	+17.97%	0
ROYAL BANK OF CANADA	Increased	108,796(+5.1%)	$20.6M	0.0%	+21.29%	30
Legal & General Group Plc	Increased	108,383(+0.0%)	$20.5M	0.0%	+108.48%	28
NEW YORK STATE COMMON RETIREMENT FUND	Increased	107,530(+24.3%)	$20.3M	0.0%	+77.01%	35
AMERIPRISE FINANCIAL INC	Decreased	98,264(-2.9%)	$18.6M	0.0%	+152.98%	0
PRINCIPAL FINANCIAL GROUP INC	Decreased	93,830(-0.8%)	$17.7M	0.0%	+152.41%	0
Clark Capital Management Group, Inc.	Decreased	79,778(-3.9%)	$15.1M	0.1%	+76.58%	0
Allspring Global Investments Holdings, LLC	Decreased	71,818(-33.8%)	$13.7M	0.0%	+92.63%	0
FIRST TRUST ADVISORS LP	Increased	69,220(+33.9%)	$13.1M	0.0%	+75.56%	36
PUBLIC SECTOR PENSION INVESTMENT BOARD	Decreased	68,114(-10.9%)	$12.9M	0.0%	+96.63%	0
Pictet Asset Management Holding SA	Decreased	64,386(-3.9%)	$12.5M	0.0%	+210.86%	0
OSAIC HOLDINGS, INC.	Decreased	59,405(-41.0%)	$11.2M	0.0%	+20.85%	0
RHUMBLINE ADVISERS	Decreased	56,736(-4.5%)	$10.7M	0.0%	+150.65%	0
JPMORGAN CHASE & CO	Increased	56,590(+42.5%)	$10.7M	0.0%	+53.51%	37
NORDEA INVESTMENT MANAGEMENT AB	Decreased	53,725(-11.9%)	$10.2M	0.0%	+146.71%	0
SEI INVESTMENTS CO	Increased	46,368(+69.1%)	$8.8M	0.0%	+50.13%	41
WCM INVESTMENT MANAGEMENT, LLC	New	45,621	$8.7M	0.0%	+7.38%	38
PRUDENTIAL FINANCIAL INC	Increased	45,636(+57.2%)	$8.6M	0.0%	+57.57%	39
AMERICAN CENTURY COMPANIES INC	Decreased	40,885(-10.3%)	$7.7M	0.0%	+152.01%	0
Swiss National Bank	Increased	38,600(+3.2%)	$7.3M	0.0%	+131.07%	28
Nuveen, LLC	Decreased	37,599(-1.3%)	$7.1M	0.0%	+89.78%	0
D. E. Shaw & Co., Inc.	Increased	36,551(+108.7%)	$6.9M	0.0%	+19.80%	44
BNP PARIBAS FINANCIAL MARKETS	Increased	34,957(+754.3%)	$6.6M	0.0%	+11.87%	44
BARCLAYS PLC	Increased	32,982(+8.9%)	$6.2M	0.0%	+105.07%	30
ENVESTNET ASSET MANAGEMENT INC	Decreased	27,735(-13.1%)	$5.2M	0.0%	+121.75%	0
CIBC WORLD MARKET INC.	Decreased	25,630(-56.7%)	$4.8M	0.0%	+93.91%	0
ALLIANCEBERNSTEIN L.P.	Increased	24,171(+8.6%)	$4.6M	0.0%	+108.46%	29
Calamos Advisors LLC	Increased	21,045(+1.5%)	$4M	0.0%	+64.98%	27
Universal- Beteiligungs- und Servicegesellschaft mbH	Decreased	20,902(-4.3%)	$4M	0.0%	+88.91%	0
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	New	20,036	$3.8M	0.0%	+7.38%	37
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	Increased	18,797(+2.6%)	$3.6M	0.0%	+126.18%	27
RAYMOND JAMES FINANCIAL INC	Decreased	18,756(-0.6%)	$3.5M	0.0%	+93.12%	0
STIFEL FINANCIAL CORP	Decreased	18,722(-8.7%)	$3.5M	0.0%	+115.70%	0
CITIGROUP INC	Decreased	18,292(-14.5%)	$3.5M	0.0%	+92.92%	0
JANE STREET GROUP, LLC	Decreased	15,962(-69.2%)	$3M	0.0%	+23.77%	0
Qube Research & Technologies Ltd	Increased	15,393(+323.8%)	$2.9M	0.0%	+18.86%	42
CAPTRUST FINANCIAL ADVISORS	Decreased	14,579(-2.9%)	$2.8M	0.0%	+148.47%	0
Baird Financial Group, Inc.	Increased	12,823(+2.1%)	$2.4M	0.0%	+136.40%	27
VOLORIDGE INVESTMENT MANAGEMENT, LLC	Increased	12,038(+40.0%)	$2.3M	0.0%	+14.73%	35
Trexquant Investment LP	Decreased	11,550(-74.0%)	$2.2M	0.0%	+17.97%	0
STATE OF WISCONSIN INVESTMENT BOARD	Decreased	11,155(-2.0%)	$2.1M	0.0%	+154.66%	0
MetLife Investment Management, LLC	Decreased	10,655(-4.0%)	$2M	0.0%	+149.42%	0
LOS ANGELES CAPITAL MANAGEMENT LLC	Increased	10,321(+118.0%)	$1.9M	0.0%	+26.84%	42
Equitable Holdings, Inc.	Increased	9,605(+8.7%)	$1.8M	0.0%	+63.76%	28
Gotham Asset Management, LLC	Decreased	9,346(-1.4%)	$1.8M	0.0%	+17.97%	0
MANUFACTURERS LIFE INSURANCE COMPANY, THE	Decreased	9,111(-4.6%)	$1.7M	0.0%	+156.76%	0
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	Increased	9,036(+1.9%)	$1.7M	0.0%	+125.79%	26
BLAIR WILLIAM & CO/IL	Increased	8,474(+1.1%)	$1.6M	0.0%	+135.44%	26
WELLINGTON MANAGEMENT GROUP LLP	Increased	8,426(+1.3%)	$1.6M	0.0%	+137.94%	26
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	Unchanged	8,285	$1.6M	0.0%	+90.39%	0
XTX Topco Ltd	New	7,717	$1.5M	0.0%	+7.38%	35
INTECH INVESTMENT MANAGEMENT LLC	Increased	7,585(+24.1%)	$1.4M	0.0%	+69.86%	31
Creative Planning	Increased	7,145(+16.9%)	$1.4M	0.0%	+65.83%	30
Corient Private Wealth LLC	Increased	12,388(+339.3%)	$1.3M	0.0%	+9.62%	41
B. Metzler seel. Sohn & Co. AG	New	6,879	$1.3M	0.0%	+7.38%	35
State of New Jersey Common Pension Fund D	Decreased	6,689(-50.5%)	$1.3M	0.0%	+17.97%	0
HighTower Advisors, LLC	Increased	6,616(+0.4%)	$1.3M	0.0%	+121.17%	25
ASSETMARK, INC	Increased	6,191(+4933.3%)	$1.2M	0.0%	+7.88%	41
STRS OHIO	Decreased	6,100(-6.2%)	$1.2M	0.0%	+165.38%	0
Connor, Clark & Lunn Investment Management Ltd.	New	6,033	$1.1M	0.0%	+7.38%	35
YOUSIF CAPITAL MANAGEMENT, LLC	Decreased	5,402(-12.2%)	$1.1M	0.0%	+109.09%	0
Arizona State Retirement System	Decreased	5,506(-3.4%)	$1M	0.0%	+155.02%	0
COMERICA BANK	Decreased	5,432(-16.9%)	$1M	0.0%	+218.48%	0
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Decreased	5,409(-38.6%)	$1M	0.0%	+105.07%	0
GUGGENHEIM CAPITAL LLC	New	5,257	$993,941	0.0%	+7.38%	35
Police & Firemen's Retirement System of New Jersey	Decreased	5,232(-0.9%)	$989,214	0.0%	+68.44%	0
State of Tennessee, Department of Treasury	Decreased	5,119(-34.3%)	$983,360	0.0%	+66.74%	0
MAI Capital Management	New	5,158	$975,224	0.0%	+7.38%	35
AQR CAPITAL MANAGEMENT LLC	Increased	5,158(+12.5%)	$975,222	0.0%	+54.25%	28
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	Decreased	4,873(-2.4%)	$921,338	0.0%	+141.75%	0
ProShare Advisors LLC	Increased	4,640(+7.9%)	$877,285	0.0%	+116.20%	27
GLENMEDE TRUST CO NA	New	4,482	$847,411	0.0%	+7.38%	34
Erste Asset Management GmbH	Unchanged	4,300	$839,188	0.0%	+160.44%	0
LPL Financial LLC	Increased	4,273(+25.4%)	$807,896	0.0%	+57.64%	30
Bridgewater Associates, LP	Increased	4,207(+226.6%)	$795,418	0.0%	+10.42%	40
KLP KAPITALFORVALTNING AS	Increased	4,200(+7.7%)	$794,094	0.0%	+82.70%	27
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	Increased	3,805(+35.6%)	$719,411	0.0%	+93.19%	32
FRED ALGER MANAGEMENT, LLC	Decreased	3,762(-35.9%)	$711,281	0.0%	+17.97%	0
MML INVESTORS SERVICES, LLC	Decreased	3,734(-5.8%)	$705,987	0.0%	+85.12%	0
Orion Porfolio Solutions, LLC	Increased	3,501(+195.2%)	$661,934	0.0%	+10.75%	40
Man Group plc	New	3,450	$652,291	0.0%	+7.38%	34
VOYA INVESTMENT MANAGEMENT LLC	Unchanged	3,447	$651,724	0.0%	+161.77%	0
Cetera Investment Advisers	Increased	3,335(+111.6%)	$630,548	0.0%	+12.14%	39
Zurcher Kantonalbank (Zurich Cantonalbank)	Unchanged	3,193	$603,701	0.0%	+107.94%	0
Amundi	Decreased	3,033(-9.6%)	$573,449	0.0%	+101.90%	0
Quantinno Capital Management LP	Increased	2,999(+20.7%)	$567,021	0.0%	+16.01%	29
GROUP ONE TRADING LLC	Increased	2,953(+768.5%)	$558,324	0.0%	+11.34%	39
TEACHER RETIREMENT SYSTEM OF TEXAS	Decreased	2,901(-38.7%)	$548,492	0.0%	+149.22%	0
Freestone Grove Partners LP	New	2,867	$542,064	0.0%	+7.38%	34
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	Increased	2,688(+3.0%)	$526,902	0.0%	+88.31%	25
MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	Increased	2,250(+2.5%)	$425,408	0.0%	+169.91%	24
PNC FINANCIAL SERVICES GROUP, INC.	Increased	2,240(+22.4%)	$423,517	0.0%	+101.87%	29
Lido Advisors, LLC	Increased	2,232(+1.4%)	$401,151	0.0%	+75.59%	24
CITADEL ADVISORS LLC	Decreased	2,066(-84.5%)	$390,618	0.0%	+78.92%	0
SIMPLEX TRADING, LLC	Increased	2,055(+24.8%)	$388,538	0.0%	+26.84%	29
Swiss Life Asset Management Ltd	New	1,823	$344,675	0.0%	+7.38%	33
TRUIST FINANCIAL CORP	Unchanged	1,679	$317,448	0.0%	+109.76%	0
CANADA PENSION PLAN INVESTMENT BOARD	Decreased	1,600(-54.3%)	$302,512	0.0%	+78.92%	0
XPONANCE LLC	Increased	1,536(+2.5%)	$290,412	0.0%	+17.69%	24
Cerity Partners LLC	Increased	1,531(+5.4%)	$289,466	0.0%	+17.37%	25
VIRGINIA RETIREMENT SYSTEMS ET Al	New	1,500	$283,605	0.0%	+7.38%	32
KEYBANK NATIONAL ASSOCIATION/OH	Increased	1,477(+11.1%)	$279,256	0.0%	+16.82%	26
Envestnet Portfolio Solutions, Inc.	Decreased	1,407(-9.8%)	$266,021	0.0%	+17.97%	0
Vanguard Personalized Indexing Management, LLC	Increased	1,391(+4.1%)	$262,996	0.0%	+17.51%	24
COMMERCE BANK	New	1,308	$247,303	0.0%	+7.38%	32
CIBC WORLD MARKETS CORP	Decreased	1,283(-45.4%)	$242,577	0.0%	+89.78%	0
Neuberger Berman Group LLC	Decreased	1,271(-3.9%)	$240,308	0.0%	+17.97%	0
Rafferty Asset Management, LLC	Decreased	1,270(-2.5%)	$240,119	0.0%	+17.97%	0
US BANCORP \DE\	Decreased	1,236(-11.5%)	$233,690	0.0%	+100.57%	0
MACKENZIE FINANCIAL CORP	Increased	1,195(+2.2%)	$226,842	0.0%	+17.72%	23
COMMONWEALTH EQUITY SERVICES, LLC	New	1,105	$208,920	0.0%	+7.38%	32
Allianz Asset Management GmbH	New	1,080	$204,196	0.0%	+7.38%	32
Mirae Asset Global Investments Co., Ltd.	Increased	956(+26.1%)	$180,751	0.0%	+81.58%	28
NISA INVESTMENT ADVISORS, LLC	Decreased	730(-8.5%)	$138,021	0.0%	+174.18%	0
Rockefeller Capital Management L.P.	Decreased	727(-1.9%)	$137,454	0.0%	+17.97%	0
HUNTINGTON NATIONAL BANK	Increased	701(+174x)	$132,538	0.0%	+7.76%	36
Farther Finance Advisors, LLC	Decreased	645(-5.0%)	$121,950	0.0%	+127.38%	0
Allworth Financial LP	Increased	551(+1.5%)	$104,178	0.0%	+158.87%	22
CIBC Private Wealth Group LLC	Increased	183(+22.8%)	$34,600	0.0%	+50.43%	24
Kestra Advisory Services, LLC	New	166	$31,386	0.0%	+7.38%	27
FIFTH THIRD BANCORP	Increased	152(+4.8%)	$28,739	0.0%	+93.99%	20
Steward Partners Investment Advisory, LLC	Increased	129(+22.9%)	$24,390	0.0%	+40.54%	23
DANSKE BANK A/S	Unchanged	100	$18,907	0.0%	+89.78%	0
JONES FINANCIAL COMPANIES LLLP	Unchanged	63	$11,911	0.0%	+52.52%	0
BROWN BROTHERS HARRIMAN & CO	New	46	$8,697	0.0%	+7.38%	26
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	Unchanged	38	$7,184	0.0%	+118.54%	0
PRICE T ROWE ASSOCIATES INC /MD/	Increased	19,992(+5.7%)	$3,780	0.0%	+130.13%	15
PICTON MAHONEY ASSET MANAGEMENT	Unchanged	11	$2,080	0.0%	+109.76%	0
BNP Paribas Asset Management Holding S.A.	Increased	258(+47.4%)	$49	0.0%	+47.34%	15
MACQUARIE GROUP LTD	Exited	0(-100.0%)	$133.2M	0.0%	+155.32%	0
Squarepoint Ops LLC	Exited	0(-100.0%)	$3.2M	0.0%	+9.86%	0
OMERS ADMINISTRATION Corp	Exited	0(-100.0%)	$442,850	0.0%	+9.86%	0
Verition Fund Management LLC	Exited	0(-100.0%)	$861,432	0.0%	+66.62%	0
Quadrature Capital Ltd	Exited	0(-100.0%)	$263,258	0.0%	+66.62%	0
Wealthspire Advisors, LLC	Exited	0(-100.0%)	$11,338	0.0%	+9.86%	0
Mariner, LLC	Exited	0(-100.0%)	$272,264	0.0%	+9.86%	0
Pacer Advisors, Inc.	Exited	0(-100.0%)	$325,406	0.0%	+41.40%	0
ExodusPoint Capital Management, LP	Exited	0(-100.0%)	$2.5M	0.0%	+9.86%	0
MATHER GROUP, LLC.	Exited	0(-100.0%)	$709	0.0%	+9.86%	0
TUDOR INVESTMENT CORP ET AL	Exited	0(-100.0%)	$17.7M	0.0%	+9.86%	0
Point72 Asset Management, L.P.	Exited	0(-100.0%)	$3M	0.0%	+9.86%	0
CAPSTONE INVESTMENT ADVISORS, LLC	Exited	0(-100.0%)	$381,382	0.0%	+66.62%	0
Optiver Holding B.V.	Exited	0(-100.0%)	$14,880	0.0%	+9.86%	0

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