Lipocine Inc. (LPCN)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Vanguard Group Inc	221,459	$617,871	0%
2.	Susquehanna International Group, LlpCALL	87,100	$240,396	0%
3.	Blackrock Inc.	74,846	$208,821	0%
4.	Group One Trading, L.p.CALL	56,900	$157,044	0%
5.	Susquehanna International Group, Llp	56,601	$156,219	0%