Lipocine Inc. (LPCN) Ownership

NASDAQ: LPCNTop holders, insider trades and short interest.

LPCN ownership summary

as of October 18, 2026
Institutions
36.2%
of shares outstanding
Insiders
4.96%
of shares outstanding
Shares outstanding
8.2M
Float
6.5M
shares available to trade
Short interest
1.21%
98K shares short
Days to cover
2.95
short interest down 1.6% vs prior month
  • Institutions 36.19%
  • Insiders 4.96%
  • Other investors 58.85%

LPCN top institutional holders

20 largest
Lipocine Inc. top institutional holders
#Holder% of sharesSharesValueChangeReported
1Squadron Capital Management LLC9.82%810K$1.3M+360,000 (+80.0%)June 30, 2026
2Ikarian Capital, LLC6.17%509K$793,347—June 30, 2026
3Eversept Partners, LP3.58%295K$460,183—June 30, 2026
4Vanguard Capital Management, LLC2.80%231K$360,084+30,155 (+15.0%)June 30, 2026
5Acadian Asset Management LLC2.07%170K$265,851+170,417 (0.0%)June 30, 2026
6BOOTHBAY FUND MANAGEMENT, LLC1.70%140K$219,160—June 30, 2026
7Jane Street Group LLC1.16%95K$148,554+75,200 (+375.5%)June 30, 2026
8BlackRock Inc1.08%89K$139,264—June 30, 2026
9Two Sigma Investments LLC1.03%85K$132,424+51,137 (+151.5%)June 30, 2026
10Citadel Advisors Llc0.99%81K$126,705+52,133 (+179.2%)June 30, 2026
11Seven Fleet Capital Management LP0.96%79K$122,994−46,100 (−36.9%)June 30, 2026
12Geode Capital Management, LLC0.90%74K$116,184+11,342 (+18.0%)June 30, 2026
13Renaissance Technologies Corp0.84%69K$107,966+30,712 (+79.8%)June 30, 2026
14Vanguard Fiduciary Trust Co0.66%55K$85,081+22,126 (+68.3%)June 30, 2026
15Dimensional Fund Advisors, Inc.0.45%37K$57,369+17,653 (+92.3%)June 30, 2026
16HRT FINANCIAL LLC0.35%29K$45,611+29,238 (0.0%)June 30, 2026
17Susquehanna International Group, LLP0.31%25K$39,587+468 (+1.9%)June 30, 2026
18State Street Corp0.27%22K$34,955—June 30, 2026
19GSA Capital Partners LLP0.23%19K$29,119+18,666 (0.0%)June 30, 2026
20Birchview Capital, LP0.20%17K$26,071−95,074 (−85.0%)June 30, 2026

Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 13 holders added 869K shares and 2 cut 141K.

LPCN top mutual fund and ETF holders

16 largest
Lipocine Inc. top fund holders
#Holder% of sharesSharesValueChangeReported
1Vanguard MStar Total Stk Mkt Idx Invest1.73%143K$222,726—August 31, 2026
2Fidelity Extended Market Index0.53%44K$67,880−234 (−0.5%)August 31, 2026
3Fidelity Total Market Index0.11%8,688$13,553—August 31, 2026
4Fidelity Series Total Market Index0.10%8,290$12,932—August 31, 2026
5DFA US Sustainability Core 10.07%6,181$9,642—August 31, 2026
6Dimensional US Small Cap ETF0.07%6,038$9,419—September 30, 2026
7Dimensional US Sustainability Core 1 ETF0.06%5,180$8,081—September 30, 2026
8Dimensional US Core Equity 1 ETF0.06%5,116$7,981—September 24, 2026
9DFA US Micro Cap I0.06%5,040$7,862—August 31, 2026
10Dimensional US Core Equity 2 ETF0.06%4,760$7,426—September 30, 2026
11DFA US Vector Equity Class F0.04%3,500$5,460—July 31, 2026
12Schwab Total Stock Market Index0.04%2,942$4,590—August 31, 2026
13DFA US Vector Equity I0.03%2,156$3,363—August 31, 2026
14Fidelity Nasdaq Composite Index0.02%1,748$2,727—August 31, 2026
15Vanguard U.S. Eq Idx £ Acc0.02%1,691$2,638—August 31, 2026
16DFA US Core Equity Class F0.01%1,222$1,906—July 31, 2026

Funds report holdings monthly or quarterly; dates differ by fund.

LPCN insider transactions

latest 4
Lipocine Inc. insider transactions
DateNameTransactionPriceSharesValue
2026-04-07John W HiguchiBuy$2.0340,000$81,200
2026-04-06John W HiguchiBuy$2.05123,000$252,150
2026-04-06Mahesh V PatelBuy$2.0325,000$50,750
2026-04-02Mahesh V PatelBuy$2.0225,000$50,500

Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.

LPCN shares outstanding

Shares outstanding

Year-end shares outstanding, adjusted for splits.

Who owns LPCN

Institutional investors own 36.2% of Lipocine's shares and insiders 4.96%. The largest holder is Squadron Capital Management LLC with 9.82% of the shares (810K), as of June 30, 2026. Among the top 20 institutions, 13 added shares and 2 reduced their stake in the latest filings. Short interest is 1.21% of the float, or 2.95 days of average trading volume. The share count rose 658.5% since 2014.

Related: LPCN analyst forecast, LPCN key metrics. See the LPCN stock overview for the latest quote and news.

LPCN ownership FAQ

Who owns the most Lipocine stock?

The largest shareholders of Lipocine are Squadron Capital Management LLC (9.82%), Ikarian Capital, LLC (6.17%), Eversept Partners, LP (3.58%), Vanguard Capital Management, LLC (2.80%), Acadian Asset Management LLC (2.07%).

What percentage of Lipocine is owned by institutions?

Institutions hold 36.2% of Lipocine's shares outstanding; insiders hold 4.96%.

Which funds own Lipocine?

The largest fund holders of Lipocine are Vanguard MStar Total Stk Mkt Idx Invest (1.73%), Fidelity Extended Market Index (0.53%), Fidelity Total Market Index (0.11%), Fidelity Series Total Market Index (0.10%), DFA US Sustainability Core 1 (0.07%).

What is Lipocine's short interest?

98K shares of Lipocine were sold short, 1.21% of the float; at the average daily volume it would take 2.95 days to cover.

Are insiders buying or selling Lipocine?

Of the latest 4 reported insider transactions in Lipocine (since April 2, 2026), 4 were purchases and 0 were sales.

How many shares of Lipocine are outstanding?

Lipocine has 8.2M shares outstanding, of which 6.5M are in the public float.

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