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[SCHEDULE 13G/A] Ligand Pharmaceuticals Inc. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary

Janus Henderson Group plc reports a significant passive holding in Ligand Pharmaceuticals common stock, totaling 1,060,734 shares (5.5% of the class). The filing identifies Janus Henderson indirect subsidiaries, with JHIUS reported as beneficial owner of 990,102 shares (5.1%), and indicates these positions are managed by registered investment adviser subsidiaries for managed portfolios. The filer certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Janus Henderson Group plc segnala una partecipazione passiva significativa nelle azioni ordinarie di Ligand Pharmaceuticals, per un totale di 1.060.734 azioni (5,5% della classe). Il deposito identifica società controllate indirette di Janus Henderson, con JHIUS indicata come proprietaria beneficiaria di 990.102 azioni (5,1%), e specifica che tali posizioni sono gestite da società sussidiarie registrate come consulenti d'investimento per portafogli gestiti. Il dichiarante certifica che i titoli sono stati acquisiti e sono detenuti nell'ordinario svolgimento dell'attività e non allo scopo di modificare o influenzare il controllo dell'emittente.

Janus Henderson Group plc informa de una participación pasiva significativa en las acciones ordinarias de Ligand Pharmaceuticals, que asciende a 1.060.734 acciones (5,5% de la clase). La documentación identifica filiales indirectas de Janus Henderson, indicando que JHIUS figura como titular beneficiario de 990.102 acciones (5,1%), y señala que estas posiciones son gestionadas por filiales asesoras de inversión registradas para carteras gestionadas. El declarante certifica que los valores fueron adquiridos y se mantienen en el curso ordinario del negocio y no con el propósito de cambiar o influir en el control del emisor.

Janus Henderson Group plc� Ligand Pharmaceuticals 보통주에 대� � 1,060,734�(해당 종류� 5.5%)� 달하� 상당� 수동� 보유� 신고했습니다. 제출서류� Janus Henderson� 간접 자회사를 밝히�, JHIUS가 990,102�(5.1%)� 실질 소유자로 보고�� 명시하고, 이러� 포지션은 등록� 투자자문 자회사가 운용하는 관리형 포트폴리오에� 관리된다고 적시하고 있습니다. 제출인은 해당 증권� 영업� 통상� 범위에서 취득·보유� 것이� 발행인의 지배권� 변경하거나 이에 영향� 미칠 목적으로 보유� 것이 아님� 증명합니�.

Janus Henderson Group plc déclare une participation passive importante dans les actions ordinaires de Ligand Pharmaceuticals, totalisant 1 060 734 actions (5,5 % de la catégorie). Le dépôt identifie des filiales indirectes de Janus Henderson, indiquant que JHIUS est déclaré propriétaire bénéficiaire de 990 102 actions (5,1 %), et précise que ces positions sont gérées par des filiales conseillères en investissement agréées pour des portefeuilles gérés. Le déclarant certifie que les titres ont été acquis et sont détenus dans le cours normal des affaires et non dans le but de modifier ou d'influencer le contrôle de l'émetteur.

Janus Henderson Group plc meldet ein bedeutendes passives Engagement an den Stammaktien von Ligand Pharmaceuticals in Höhe von insgesamt 1.060.734 Aktien (5,5% der Klasse). Die Einreichung benennt indirekte Tochtergesellschaften von Janus Henderson, wobei JHIUS als wirtschaftlicher Eigentümer von 990.102 Aktien (5,1%) ausgewiesen ist, und gibt an, dass diese Positionen von registrierten Investment-Advisor-Tochtergesellschaften für verwaltete Portfolios betreut werden. Der Meldende bestätigt, dass die Wertpapiere im normalen Geschäftsverlauf erworben und gehalten werden und nicht zum Zweck der Änderung oder Beeinflussung der Kontrolle über den Emittenten dienen.

Positive
  • Aggregate beneficial ownership of 1,060,734 shares representing 5.5% of the class, a material disclosure for investors
  • Subsidiary disclosure identifies JHIUS as holding 990,102 shares (5.1%), clarifying allocation within the group
  • Certification of passive intent (held in the ordinary course and not to influence control) consistent with a Schedule 13G filing
Negative
  • None.

Insights

TL;DR: Janus Henderson discloses a >5% passive stake in LGND, signaling notable investor interest without control intent.

The filing shows an aggregate beneficial position of 1,060,734 shares (5.5%), which exceeds the 5% reporting threshold and is therefore material for disclosure. Item 4 details that an indirect subsidiary, JHIUS, holds 990,102 shares (5.1%). The certification in Item 10 explicitly states the holdings are in the ordinary course of business and not intended to influence control, consistent with a Schedule 13G passive disclosure rather than an active acquisition for governance purposes. For investors, the key takeaways are the size of the stake and the passive stance; there is no explicit operational or strategic action reported.

TL;DR: This is a routine governance disclosure of a passive >5% ownership by an investment manager and its subsidiaries.

The statement identifies Janus Henderson Group plc and its registered adviser subsidiaries as beneficial owners, and it includes a certification that the securities were not acquired to change or influence control. The presence of multiple entities (Janus Henderson and named subsidiaries such as JHIUS, JHIUKL and JHIAIFML) reflects allocation across adviser-managed portfolios rather than a single controlling investor. No governance actions, board nominations or change-in-control intentions are disclosed in the filing.

Janus Henderson Group plc segnala una partecipazione passiva significativa nelle azioni ordinarie di Ligand Pharmaceuticals, per un totale di 1.060.734 azioni (5,5% della classe). Il deposito identifica società controllate indirette di Janus Henderson, con JHIUS indicata come proprietaria beneficiaria di 990.102 azioni (5,1%), e specifica che tali posizioni sono gestite da società sussidiarie registrate come consulenti d'investimento per portafogli gestiti. Il dichiarante certifica che i titoli sono stati acquisiti e sono detenuti nell'ordinario svolgimento dell'attività e non allo scopo di modificare o influenzare il controllo dell'emittente.

Janus Henderson Group plc informa de una participación pasiva significativa en las acciones ordinarias de Ligand Pharmaceuticals, que asciende a 1.060.734 acciones (5,5% de la clase). La documentación identifica filiales indirectas de Janus Henderson, indicando que JHIUS figura como titular beneficiario de 990.102 acciones (5,1%), y señala que estas posiciones son gestionadas por filiales asesoras de inversión registradas para carteras gestionadas. El declarante certifica que los valores fueron adquiridos y se mantienen en el curso ordinario del negocio y no con el propósito de cambiar o influir en el control del emisor.

Janus Henderson Group plc� Ligand Pharmaceuticals 보통주에 대� � 1,060,734�(해당 종류� 5.5%)� 달하� 상당� 수동� 보유� 신고했습니다. 제출서류� Janus Henderson� 간접 자회사를 밝히�, JHIUS가 990,102�(5.1%)� 실질 소유자로 보고�� 명시하고, 이러� 포지션은 등록� 투자자문 자회사가 운용하는 관리형 포트폴리오에� 관리된다고 적시하고 있습니다. 제출인은 해당 증권� 영업� 통상� 범위에서 취득·보유� 것이� 발행인의 지배권� 변경하거나 이에 영향� 미칠 목적으로 보유� 것이 아님� 증명합니�.

Janus Henderson Group plc déclare une participation passive importante dans les actions ordinaires de Ligand Pharmaceuticals, totalisant 1 060 734 actions (5,5 % de la catégorie). Le dépôt identifie des filiales indirectes de Janus Henderson, indiquant que JHIUS est déclaré propriétaire bénéficiaire de 990 102 actions (5,1 %), et précise que ces positions sont gérées par des filiales conseillères en investissement agréées pour des portefeuilles gérés. Le déclarant certifie que les titres ont été acquis et sont détenus dans le cours normal des affaires et non dans le but de modifier ou d'influencer le contrôle de l'émetteur.

Janus Henderson Group plc meldet ein bedeutendes passives Engagement an den Stammaktien von Ligand Pharmaceuticals in Höhe von insgesamt 1.060.734 Aktien (5,5% der Klasse). Die Einreichung benennt indirekte Tochtergesellschaften von Janus Henderson, wobei JHIUS als wirtschaftlicher Eigentümer von 990.102 Aktien (5,1%) ausgewiesen ist, und gibt an, dass diese Positionen von registrierten Investment-Advisor-Tochtergesellschaften für verwaltete Portfolios betreut werden. Der Meldende bestätigt, dass die Wertpapiere im normalen Geschäftsverlauf erworben und gehalten werden und nicht zum Zweck der Änderung oder Beeinflussung der Kontrolle über den Emittenten dienen.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G





SCHEDULE 13G



JANUS HENDERSON GROUP PLC
Signature:Kristin Mariani
Name/Title:Head of North America Compliance, CCO
Date:08/14/2025
Exhibit Information

POWER OF ATTORNEY The undersigned, Janus Henderson Group plc ("the Company"), does hereby make, constitute and appoint each of Kristin Mariani and Caroline Barotti acting severally, as its true and lawful attorneys in-fact, for the purpose of, from time to time, executing in its name and on its behalf, whether the Company individually or as representative of others, any and all documents, certificates, instruments, statements, other filings and amendments to the foregoing (collectively, "documents") determined by such person to be necessary or appropriate to comply with ownership or control-person reporting requirements imposed by any United States or non-United States governmental or regulatory authority, including, without limitation, Forms 13D, 13F, 13G and 13H and any amendments to any of the foregoing as may be required to be filed with the Securities and Exchange Commission, and delivering, furnishing or filing any such documents with the appropriate governmental, regulatory authority or other person, and giving and granting to each such attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. Any such determination by an attorney-in-fact named herein shall be conclusively evidenced by such person's execution, delivery, furnishing or filing of the applicable document. This power of attorney shall be valid from the date hereof and shall remain in full force and effect until either revoked in writing by the Company, or, in respect of any attorney-in-fact named herein, until such person ceases to be an employee of the Company or one of its affiliates. IN WITNESS WHEREOF, the undersigned has caused this power of attorney to be executed as of this 9th day of December, 2022. Janus Henderson Group plc By: /s/ Michelle Rosenberg Name: Michelle Rosenberg Title: General Counsel and Company Secretary

FAQ

How many LGND shares does Janus Henderson report owning?

Janus Henderson Group plc reports beneficial ownership of 1,060,734 shares of Ligand common stock, equal to 5.5% of the class.

Does the filing indicate Janus Henderson intends to influence Ligand's control or management?

No. Item 10 certifies the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

How many shares does the subsidiary JHIUS hold in LGND?

The filing states JHIUS may be deemed beneficial owner of 990,102 shares, representing 5.1% of the class.

What form was filed to report this ownership in LGND?

The position is reported on a Schedule 13G/A under the Securities Exchange Act of 1934.

Who signed the Schedule 13G/A for Janus Henderson?

The filing is signed by Kristin Mariani, Head of North America Compliance, CCO, on behalf of Janus Henderson Group plc.
Ligand Pharma

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2.99B
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Biotechnology
Pharmaceutical Preparations
United States
SAN DIEGO