Vault-13

THERAVANCE BIOPHARMA INC 0TB

COM · Common Stock · CUSIP G8807B106 · ISIN KYG8807B1068

180 institutional holders +7 vs Q1 2026
48,062,97448.1m shares reported held*
$817.0mreported value*
34 new 64 added 55 reduced 26 sold out net sold ≈ $35.3m (-2.1m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($535.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.00. Options: 1 managers hold calls ($243.1k notional), 6 hold puts ($2.9m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 124Q4 22: 121Q1 23: 115Q2 23: 121Q3 23: 117Q4 23: 120Q1 24: 124Q2 24: 133Q3 24: 120Q4 24: 129Q1 25: 133Q2 25: 136Q3 25: 161Q4 25: 169Q1 26: 173Q2 26: 180180Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022124
Q4 2022121
Q1 2023115
Q2 2023121
Q3 2023117
Q4 2023120
Q1 2024124
Q2 2024133
Q3 2024120
Q4 2024129
Q1 2025133
Q2 2025136
Q3 2025161
Q4 2025169
Q1 2026173
Q2 2026180

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 24: 51 bought or addedQ3 24: 67 cut or sold outQ4 24: 62 bought or addedQ4 24: 48 cut or sold outQ4 24Q1 25: 59 bought or addedQ1 25: 63 cut or sold outQ2 25: 76 bought or addedQ2 25: 53 cut or sold outQ2 25Q3 25: 87 bought or addedQ3 25: 50 cut or sold outQ4 25: 96 bought or addedQ4 25: 66 cut or sold outQ4 25Q1 26: 96 bought or addedQ1 26: 80 cut or sold outQ2 26: 98 bought or addedQ2 26: 81 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20245167
Q4 20246248
Q1 20255963
Q2 20257653
Q3 20258750
Q4 20259666
Q1 20269680
Q2 20269881

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5m$10m$15mQ3 25 calls: $978.0kQ3 25 puts: $2.7mQ3 25P/C 2.72Q4 25 calls: $2.6mQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $847.2kQ1 26 puts: $11.6mQ1 26P/C 13.66Q2 26 calls: $243.1kQ2 26 puts: $2.9mQ2 26P/C 11.92
Numbers
QuarterCallsPutsP/C
Q3 2025$978.0k$2.7m2.72
Q4 2025$2.6m$00.00
Q1 2026$847.2k$11.6m13.66
Q2 2026$243.1k$2.9m11.92

Biggest buyers

MACKENZIE FINANCIAL CORP Added +737,166+737.2k
CITADEL ADVISORS LLC Added +420,577+420.6k
GLAZER CAPITAL, LLC New +301,834+301.8k
BlackRock, Inc. Added +266,197+266.2k
D. E. Shaw & Co., Inc. Added +231,348+231.3k
MORGAN STANLEY Added +194,930+194.9k
Qube Research & Technologies Ltd Added +140,340+140.3k
WEDGE CAPITAL MANAGEMENT L L P/NC New +128,845+128.8k
MILLENNIUM MANAGEMENT LLC New +115,403+115.4k
Schonfeld Strategic Advisors LLC New +108,879+108.9k

Biggest sellers

Newtyn Management, LLC Reduced -1,407,438-1.4m
Assenagon Asset Management S.A. Sold out -404,147-404.1k
Invesco Ltd. Reduced -334,063-334.1k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Sold out -327,546-327.5k
Madison Avenue Partners, LP Reduced -298,898-298.9k
Pacer Advisors, Inc. Sold out -293,192-293.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -284,055-284.1k
UBS Group AG Reduced -275,796-275.8k
683 Capital Management, LLC Sold out -250,000-250.0k
Caption Management, LLC Sold out -163,704-163.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $243.1k14.3k shares

Biggest puts

GROUP ONE TRADING LLC Reduced $1.1m64.7k shares
SIMPLEX TRADING, LLC Reduced $666.4k39.2k shares
CITADEL ADVISORS LLC Added $523.6k30.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $523.6k30.8k shares
EQUITEC PROPRIETARY MARKETS, LLC New $85.0k5.0k shares
FNY Investment Advisers, LLC New $050 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Madison Avenue Partners, LP 13G · passive investor filed 2026-08-14 17.7% 9.2m≈ $156.6m 2026-08-14
BlackRock, Inc. 13G · institution filed 2025-04-30 6.5% 3.2m≈ $55.0m 2025-04-30

Fell to 5% or below in the last year: Weiss Asset Management LP (0.0%, 2026-09-25), Newtyn Management, LLC (6.7%, 2026-08-14)

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Madison Avenue Partners, LP 6.74% of their portfolio NEW YORK, NY 9,212,2529.2m $156.6m $156.6m 6.74% Reduced -298.9k -298,898
2 Weiss Asset Management LP 1.42% of their portfolio BOSTON, MA 7,457,0607.5m $126.8m $126.8m 1.42% Unchanged
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,562,4874.6m $77.6m $77.6m 0.00% Added +266.2k +266,197
4 Newtyn Management, LLC 7.29% of their portfolio NEW YORK, NY 3,434,1913.4m $58.4m $58.4m 7.29% Reduced -1.4m -1,407,438
5 Irenic Capital Management LP 3.38% of their portfolio NEW YORK, NY 2,760,9482.8m $46.9m $46.9m 3.38% Unchanged
6 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 1,771,4931.8m $30.1m $30.1m 0.00% Reduced -12.3k -12,260
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,328,5841.3m $22.6m $22.6m 0.00% Added +31.3k +31,261
8 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 1,225,5871.2m $20.8m $20.8m 0.02% Reduced -32.9k -32,910
9 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,185,3901.2m $20.2m $20.2m 0.01% Added +231.3k +231,348
10 ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio Boston, MA 1,174,9101.2m $20.0m $20.0m 0.02% Reduced -101.7k -101,666
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,117,8951.1m $19.0m $19.0m 0.00% Reduced -19.6k -19,567
12 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 1,043,0511.0m $17.7m $17.7m 0.00% Added +59.4k +59,436
13 MACKENZIE FINANCIAL CORP 0.02% of their portfolio TORONTO ONTARIO, A6 985,848985.8k $16.8m $16.8m 0.02% Added +737.2k +737,166
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 705,202705.2k $12.0m $12.0m 0.00% Added +194.9k +194,930
15 Oasis Management Co Ltd. 1.07% of their portfolio GRAND CAYMAN, E9 583,490583.5k $9.9m $9.9m 1.07% Unchanged
16 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 506,668506.7k $8.6m $8.6m 0.00% Added +420.6k +420,577
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 488,309488.3k $8.3m $8.3m 0.00% Reduced -275.8k -275,796
18 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 429,813429.8k $7.3m $7.3m 0.01% Added +140.3k +140,340
19 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 404,356404.4k $6.9m $6.9m 0.00% Added +33.8k +33,822
20 VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 394,158394.2k $6.7m $6.7m 0.00% Reduced -6.6k -6,601
21 Jupiter Topco LLC 0.00% of their portfolio NEW YORK, NY 387,493387.5k $6.6m $6.6m 0.00% First filing
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 339,960340.0k $5.8m $5.8m 0.00% Reduced -76.2k -76,183
23 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 321,154321.2k $5.5m $5.5m 0.00% Added +10.6k +10,560
24 GLAZER CAPITAL, LLC 0.13% of their portfolio New York, NY 301,834301.8k $5.1m $5.1m 0.13% New
25 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 272,234272.2k $4.6m $4.6m 0.00% Added +10.2k +10,161
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 221,846221.8k $3.8m $3.8m 0.00% Added +94.6k +94,579
27 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.01% of their portfolio PHILADELPHIA, PA 208,783208.8k $3.5m $3.5m 0.01% Unchanged
28 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 188,748188.7k $3.2m $3.2m 0.00% Added +29.8k +29,848
29 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 180,635180.6k $3.1m $3.1m 0.01% Reduced -148.0k -148,041
30 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 179,641179.6k $3.1m $3.1m 0.01% Reduced -70.1k -70,114
31 LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio LOS ANGELES, CA 179,185179.2k $3.0m $3.0m 0.01% Reduced -20.4k -20,404
32 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 154,318154.3k $2.6m $2.6m 0.00% Added +26.4k +26,402
33 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 138,613138.6k $2.4m $2.4m 0.00% Reduced -77.0k -77,026
34 CWA Asset Management Group, LLC 0.07% of their portfolio NAPLES, FL 134,994135.0k $2.3m $2.3m 0.07% Added +40.1k +40,092
35 FMR LLC 0.00% of their portfolio BOSTON, MA 133,866133.9k $2.3m $2.3m 0.00% Added +10.9k +10,900
36 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 133,064133.1k $2.3m $2.3m 0.00% Added +5.4k +5,386
37 WEDGE CAPITAL MANAGEMENT L L P/NC 0.04% of their portfolio CHARLOTTE, NC 128,845128.8k $2.2m $2.2m 0.04% New
38 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 120,776120.8k $2.1m $2.1m 0.00% Added +6.7k +6,709
39 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 115,403115.4k $2.0m $2.0m 0.00% New
40 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 113,481113.5k $1.9m $1.9m 0.00% Added +3.8k +3,781
41 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 108,879108.9k $1.9m $1.9m 0.01% New
42 MARTINGALE ASSET MANAGEMENT L P 0.04% of their portfolio BOSTON, MA 105,500105.5k $1.8m $1.8m 0.04% Added +39.6k +39,574
43 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 103,260103.3k $1.8m $1.8m 0.00% Added +6.1k +6,110
44 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 102,282102.3k $1.7m $1.7m 0.00% Reduced -15.5k -15,456
45 Engineers Gate Manager LP 0.02% of their portfolio NEW YORK, NY 100,136100.1k $1.7m $1.7m 0.02% Reduced -13.1k -13,085
46 Rangeley Capital, LLC 1.57% of their portfolio NEW CANAAN, CT 99,50099.5k $1.7m $1.7m 1.57% Reduced -3.5k -3,500
47 Jackson Creek Investment Advisors LLC 0.48% of their portfolio CASTLE ROCK, CO 85,50885.5k $1.4m $1.4m 0.48% Reduced -33.1k -33,052
48 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 85,26385.3k $1.4m $1.4m 0.00% Added +10.1k +10,123
49 Swiss National Bank 0.00% of their portfolio ZURICH, V8 77,50077.5k $1.3m $1.3m 0.00% Added +2.4k +2,400
50 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 76,46976.5k $1.3m $1.3m 0.01% Reduced -129.3k -129,315
51 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 75,37275.4k $1.3m $1.3m 0.00% Reduced -334.1k -334,063
52 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 73,68973.7k $1.3m $1.3m 0.00% Reduced -115.5k -115,466
53 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 70,60070.6k $1.1m $1.1m 0.00% Added +520 +520
54 Virtus Investment Advisers, LLC 0.28% of their portfolio HARTFORD, CT 69,88569.9k $1.2m $1.2m 0.28% Added +23.4k +23,421
55 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 64,53364.5k $1.1m $1.1m 0.00% Unchanged
56 VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio RICHMOND, VA 63,00063.0k $1.1m $1.1m 0.01% Reduced -1.7k -1,700
57 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 61,13261.1k $1.0m $1.0m 0.00% Added +60.0k +59,996
58 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 60,42560.4k $1.0m $1.0m 0.00% Reduced -59.7k -59,697
59 SIERRA SUMMIT ADVISORS LLC 0.11% of their portfolio INCLINE VILLAGE, NV 59,09659.1k $1.0m $1.0m 0.11% New
60 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 57,52457.5k $977.9k $977.9k 0.00% Reduced -284.1k -284,055
61 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 56,79256.8k $965.5k $965.5k 0.00% Added +4.5k +4,528
62 SEGALL BRYANT & HAMILL, LLC 0.01% of their portfolio CHICAGO, IL 56,05256.1k $952.9k $952.9k 0.01% New
63 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 54,27954.3k $922.7k $922.7k 0.00% Added +6.3k +6,338
64 ALPS ADVISORS INC 0.00% of their portfolio Denver, CO 52,31852.3k $889.4k $889.4k 0.00% Added +11.1k +11,062
65 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 49,70049.7k $844.9k $844.9k 0.00% Unchanged
66 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 49,60549.6k $843.3k $843.3k 0.00% Reduced -45.5k -45,510
67 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 49,42849.4k $842.7k $842.7k 0.00% Added +6.2k +6,224
68 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 47,82047.8k $812.9k $812.9k 0.00% Added +20.5k +20,463
69 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 42,54542.5k $723.3k $723.3k 0.00% Reduced -1.5k -1,479
70 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 42,52542.5k $722.9k $722.9k 0.00% Reduced -3.9k -3,851
71 KLP KAPITALFORVALTNING AS 0.00% of their portfolio OSLO, Q8 41,90041.9k $712.3k $712.3k 0.00% Added +33.5k +33,500
72 MONEY CONCEPTS CAPITAL CORP 0.03% of their portfolio PALM BEACH GARDENS, FL 41,84841.8k $711.4k $711.4k 0.03% New
73 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 41,01041.0k $697.2k $697.2k 0.00% Added +9.3k +9,257
74 Man Group plc 0.00% of their portfolio LONDON, X0 40,61340.6k $690.4k $690.4k 0.00% Reduced -1.5k -1,490
75 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 39,58339.6k $672.9k $672.9k 0.00% Reduced -1.2k -1,178
76 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 38,80038.8k $659.6k $659.6k 0.00% Reduced -4.9k -4,900
77 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 36,35236.4k $618.0k $618.0k 0.00% Added +22.3k +22,307
78 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 34,77134.8k $591.1k $591.1k 0.00% Added +13.0k +13,024
79 Legal & General Group Plc 0.00% of their portfolio London, X0 34,65434.7k $589.1k $589.1k 0.00% Added +7.7k +7,726
80 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 33,94133.9k $577.0k $577.0k 0.00% Reduced -8.7k -8,725
81 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 30,85030.9k $524.5k $524.5k 0.00% Added +12.8k +12,812
82 Groupe la Francaise 0.01% of their portfolio PARIS, I0 30,00030.0k $510.0k $510.0k 0.01% New
83 Susquehanna Portfolio Strategies, LLC 0.01% of their portfolio Bala Cynwyd, PA 28,92428.9k $491.7k $491.7k 0.01% Added +4.9k +4,892
84 PDT Partners, LLC 0.03% of their portfolio New York, NY 28,62928.6k $486.7k $486.7k 0.03% Reduced -5.2k -5,167
85 AVIVA PLC 0.00% of their portfolio LONDON, X0 26,35926.4k $448.1k $448.1k 0.00% Reduced -3.1k -3,133
86 VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio London, EC4N 8AF, X0 25,61225.6k $435.4k $435.4k 0.00% Unchanged
87 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 25,32025.3k $430.4k $430.4k 0.01% New
88 Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio TOKYO, M0 25,28225.3k $429.8k $429.8k 0.00% New
89 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 24,19324.2k $411.9k $411.9k 0.00% Added +20.3k +20,319
90 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 23,05723.1k $392.0k $392.0k 0.00% Added +1.7k +1,684
91 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 22,23222.2k $377.9k $377.9k 0.00% Added +5.8k +5,765
92 ExodusPoint Capital Management, LP 0.00% of their portfolio NEW YORK, NY 21,47321.5k $365.0k $365.0k 0.00% New
93 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 19,49419.5k $331.4k $331.4k 0.00% New
94 Voleon Capital Management LP 0.01% of their portfolio BERKELEY, CA 19,47819.5k $331.1k $331.1k 0.01% New
95 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 18,64218.6k $316.9k $316.9k 0.00% Reduced -317 -317
96 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 17,90817.9k $304.4k $304.4k 0.00% Added +5.3k +5,291
97 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 17,76217.8k $302.0k $302.0k 0.00% New
98 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 17,68117.7k $300.6k $300.6k 0.00% Unchanged
99 JUNCTURE WEALTH STRATEGIES, LLC 0.08% of their portfolio SCOTTSDALE, AZ 17,23417.2k $293.0k $293.0k 0.08% New
100 Financiere des Professionnels - Fonds d'investissement inc. 0.02% of their portfolio MONTREAL, A8 16,52316.5k $280.9k $280.9k 0.02% Unchanged