Top 10 Holdings of Caligan Partners

Page 9 of 9

1. Liquidia Corporation (NASDAQ:LQDA)

Caligan Partners’ Equity Stake: $152.83 Million

Number of Hedge Fund Holders: 23

Liquidia Corporation (NASDAQ:LQDA) is Caligan Partners’ biggest holding, accounting for 41.61% of its total portfolio. The biopharmaceutical company develops, manufactures, and commercializes various products for unmet patient needs. Its lead product is YUTREPIA, an inhaled dry powder used to treat pulmonary arterial hypertension.

After rallying by more than 80% in 2023, Liquidia Corporation (NASDAQ:LQDA) has been under pressure for the better part of 2024 and is flat for the year. The underperformance has everything to do with the company’s disappointing Q1 2024 results, with revenues dropping 33% to $3 million. The company also posted a net loss of $40.9 million compared to $11.7 million delivered in the same quarter last year.

As of the end of the first quarter, 23 hedge funds tracked by the Insider Monkey database held stakes in Liquidia Corporation (NASDAQ:LQDA), up from 22 as of the end of the fourth quarter of 2023.

There are tremendous investment opportunities and value to unlock by tracking the top 10 holdings of Caligan Partners spread across the vast healthcare sector. However, given that the artificial intelligence arms race is just but starting, there are under-the-radar AI stocks trading at highly discounted valuations that hold greater promise for anyone looking to diversify their portfolio. If you are looking for an AI stock that is more promising than the top activist investment plays, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9