Vault-13

THERAVANCE BIOPHARMA INC 0TB

COM · Common Stock · CUSIP G8807B106 · ISIN KYG8807B1068

121 institutional holders +6 vs Q1 2023
52,784,37952.8m shares reported held*
$546.3mreported value*
16 new 28 added 50 reduced 10 sold out net sold ≈ $94.3m (-9.1m 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. Holder counts are more reliable. Implied quarter-end price ≈ $10.35. Options: 5 managers hold calls ($430.7k notional), 6 hold puts ($298.8k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 124Q4 22: 121Q1 23: 115Q2 23: 121121Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022124
Q4 2022121
Q1 2023115
Q2 2023121

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 52 bought or addedQ4 22: 60 cut or sold outQ4 22Q1 23: 48 bought or addedQ1 23: 58 cut or sold outQ1 23Q2 23: 44 bought or addedQ2 23: 60 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20225260
Q1 20234858
Q2 20234460

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 22 calls: $9.5mQ3 22 puts: $4.2mQ3 22P/C 0.44Q4 22 calls: $13.2mQ4 22 puts: $1.6mQ4 22P/C 0.12Q1 23 calls: $2.4mQ1 23 puts: $946.9kQ1 23P/C 0.39Q2 23 calls: $430.7kQ2 23 puts: $298.8kQ2 23P/C 0.69
Numbers
QuarterCallsPutsP/C
Q3 2022$9.5m$4.2m0.44
Q4 2022$13.2m$1.6m0.12
Q1 2023$2.4m$946.9k0.39
Q2 2023$430.7k$298.8k0.69

Biggest buyers

PICTET ASSET MANAGEMENT SA Added +387,730+387.7k
JANE STREET GROUP, LLC Added +303,654+303.7k
HRT FINANCIAL LP New +301,080+301.1k
Jefferies Financial Group Inc. New +300,000+300.0k
SG Americas Securities, LLC Added +121,126+121.1k
Newtyn Management, LLC Added +109,441+109.4k
ExodusPoint Capital Management, LP New +103,681+103.7k
DIMENSIONAL FUND ADVISORS LP New +71,604+71.6k
STATE STREET CORP Added +66,280+66.3k
MARSHALL WACE, LLP New +59,812+59.8k

Biggest sellers

BAUPOST GROUP LLC/MA Reduced -3,000,000-3.0m
FMR LLC Reduced -2,463,954-2.5m
VANGUARD GROUP INC Reduced -1,407,770-1.4m
BANK OF AMERICA CORP /DE/ Reduced -1,290,551-1.3m
JACOBS LEVY EQUITY MANAGEMENT, INC Reduced -413,125-413.1k
TWO SIGMA ADVISERS, LP Reduced -389,500-389.5k
Chescapmanager LLC Reduced -335,405-335.4k
D. E. Shaw & Co., Inc. Reduced -300,879-300.9k
TWO SIGMA INVESTMENTS, LP Reduced -298,809-298.8k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Sold out -230,100-230.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $170.8k16.5k shares
SIMPLEX TRADING, LLC Reduced $145.0k14.1k shares
CITADEL ADVISORS LLC Added $111.8k10.8k shares
GROUP ONE TRADING LLC Reduced $3.1k300 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $121.1k11.7k shares
Walleye Trading LLC Unchanged $103.5k10.0k shares
CITADEL ADVISORS LLC Reduced $51.8k5.0k shares
GROUP ONE TRADING LLC Reduced $13.5k1.3k shares
SIMPLEX TRADING, LLC Reduced $9.0k900 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Weiss Asset Management LP 9.79% of their portfolio BOSTON, MA 7,457,0607.5m $77.2m $77.2m 9.79% Unchanged
2 BAUPOST GROUP LLC/MA 1.37% of their portfolio BOSTON, MA 7,419,2267.4m $76.8m $76.8m 1.37% Reduced -3.0m -3,000,000
3 Madison Avenue Partners, LP 15.83% of their portfolio NEW YORK, NY 7,012,2267.0m $72.6m $72.6m 15.83% Unchanged
4 BlackRock Inc. 0.00% of their portfolio New York, NY 5,081,2155.1m $52.6m $52.6m 0.00% Reduced -61.5k -61,462
5 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 4,218,9564.2m $43.7m $43.7m 0.00% Reduced -1.4m -1,407,770
6 Irenic Capital Management LP 9.81% of their portfolio NEW YORK, NY 2,760,9482.8m $28.6m $28.6m 9.81% Reduced -3.1k -3,100
7 PICTET ASSET MANAGEMENT SA 0.02% of their portfolio GENEVA 73, V8 1,841,9971.8m $19.1m $19.1m 0.02% Added +387.7k +387,730
8 Park West Asset Management LLC 1.56% of their portfolio SAN FRANCISCO, CA 1,720,7511.7m $17.8m $17.8m 1.56% Reduced -179.5k -179,452
9 Newtyn Management, LLC 4.01% of their portfolio NEW YORK, NY 1,640,4561.6m $17.0m $17.0m 4.01% Added +109.4k +109,441
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,477,2881.5m $15.3m $15.3m 0.00% Added +66.3k +66,280
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,165,6621.2m $12.1m $12.1m 0.00% Reduced -20.3k -20,347
12 FMR LLC 0.00% of their portfolio BOSTON, MA 964,824964.8k $10.0m $10.0m 0.00% Reduced -2.5m -2,463,954
13 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 714,114714.1k $7.4m $7.4m 0.01% Reduced -300.9k -300,879
14 Oasis Management Co Ltd. 2.33% of their portfolio GRAND CAYMAN, E9 646,273646.3k $6.7m $6.7m 2.33% Added +24.0k +23,997
15 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 617,508617.5k $6.4m $6.4m 0.00% Reduced -30.6k -30,571
16 JACOBS LEVY EQUITY MANAGEMENT, INC 0.04% of their portfolio FLORHAM PARK, NJ 597,564597.6k $6.2m $6.2m 0.04% Reduced -413.1k -413,125
17 Opaleye Management Inc. 1.35% of their portfolio BOSTON, MA 543,500543.5k $5.6m $5.6m 1.35% Reduced -2.8k -2,804
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 485,415485.4k $5.0m $5.0m 0.00% Reduced -1.3m -1,290,551
19 NORGES BANK 0.00% of their portfolio OSLO, Q8 451,338451.3k $4.7m $4.7m 0.00% Unchanged
20 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 426,420426.4k $4.4m $4.4m 0.01% Added +303.7k +303,654
21 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 403,459403.5k $4.2m $4.2m 0.00% Reduced -79.4k -79,413
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 340,599340.6k $3.5m $3.5m 0.00% Added +4.2k +4,172
23 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 301,080301.1k $3.1m $3.1m 0.03% New
24 Jefferies Financial Group Inc. 0.07% of their portfolio NEW YORK, NY 300,000300.0k $3.1m $3.1m 0.07% New
25 Chescapmanager LLC 0.71% of their portfolio BALTIMORE, MD 287,333287.3k $3.0m $3.0m 0.71% Reduced -335.4k -335,405
26 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 223,227223.2k $2.3m $2.3m 0.00% Reduced -129.7k -129,676
27 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 216,153216.2k $2.2m $2.2m 0.00% Added +6.1k +6,139
28 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 208,783208.8k $2.2m $2.2m 0.00% Unchanged
29 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 182,260182.3k $1.9m $1.9m 0.00% Added +42.0k +41,999
30 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 157,329157.3k $1.6m $1.6m 0.00% Added +2.8k +2,819
31 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 151,134151.1k $1.6m $1.6m 0.01% Added +121.1k +121,126
32 TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio STAMFORD, CT 121,666121.7k $1.3m $1.3m 0.02% Added +13.0k +13,031
33 Swiss National Bank 0.00% of their portfolio ZURICH, V8 109,042109.0k $1.1m $1.1m 0.00% Unchanged
34 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 105,639105.6k $1.1m $1.1m 0.00% Added +19.1k +19,136
35 ExodusPoint Capital Management, LP 0.01% of their portfolio NEW YORK, NY 103,681103.7k $1.1m $1.1m 0.01% New
36 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 94,30094.3k $976.0k $976.0k 0.00% Reduced -389.5k -389,500
37 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 87,38887.4k $904.5k $904.5k 0.00% Reduced -72.6k -72,555
38 PDT Partners, LLC 0.12% of their portfolio New York, NY 82,15882.2k $850.3k $850.3k 0.12% Reduced -203 -203
39 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 81,01781.0k $838.5k $838.5k 0.00% Added +15.4k +15,441
40 MARTINGALE ASSET MANAGEMENT L P 0.02% of their portfolio BOSTON, MA 78,68478.7k $814.4k $814.4k 0.02% Added +1.9k +1,901
41 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 77,73577.7k $804.6k $804.6k 0.00% Unchanged
42 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 71,60471.6k $741.0k $741.0k 0.00% New
43 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 65,01065.0k $672.9k $672.9k 0.00% Reduced -3.7k -3,654
44 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 61,41561.4k $666.4k $666.4k 0.00% Unchanged
45 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 59,81259.8k $619.1k $619.1k 0.00% New
46 ROYCE & ASSOCIATES LP 0.01% of their portfolio New York, NY 59,00959.0k $610.7k $610.7k 0.01% Unchanged
47 NJ State Employees Deferred Compensation Plan 0.09% of their portfolio TRENTON, NJ 58,14258.1k $601.8k $601.8k 0.09% Unchanged
48 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 58,05858.1k $600.9k $600.9k 0.00% Reduced -298.8k -298,809
49 Legal & General Group Plc 0.00% of their portfolio London, X0 57,19657.2k $592.0k $592.0k 0.00% Added +401 +401
50 Ensign Peak Advisors, Inc 0.00% of their portfolio SALT LAKE CITY, UT 56,73056.7k $587.2k $587.2k 0.00% Unchanged
51 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 53,61853.6k $554.9k $554.9k 0.00% Reduced -19.2k -19,236
52 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 52,85152.9k $547.0k $547.0k 0.00% Added +349 +349
53 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 50,86450.9k $526.4k $526.4k 0.00% Reduced -161.7k -161,663
54 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 48,70648.7k $504.1k $504.1k 0.00% Reduced -1.1k -1,070
55 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 48,40048.4k $500.9k $500.9k 0.00% Reduced -2.4k -2,383
56 OCCUDO QUANTITATIVE STRATEGIES LP 0.05% of their portfolio FORT LAUDERDALE, FL 46,78446.8k $484.2k $484.2k 0.05% New
57 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 42,98043.0k $445.0k $445.0k 0.00% Added +5.1k +5,064
58 UBS Group AG 0.00% of their portfolio ZURICH, V8 42,71142.7k $442.1k $442.1k 0.00% Added +16.0k +15,987
59 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 42,53942.5k $440.3k $440.3k 0.00% Reduced -10.5k -10,521
60 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 41,91541.9k $433.8k $433.8k 0.00% Added +30.5k +30,503
61 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 39,03039.0k $404.0k $404.0k 0.00% Reduced -12.3k -12,282
62 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 33,94233.9k $351.3k $351.3k 0.00% Unchanged
63 VIRTUS ADVISERS, LLC 0.20% of their portfolio HARTFORD, CT 33,00933.0k $341.6k $341.6k 0.20% Added +5.5k +5,537
64 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 32,90032.9k $340.0k $340.0k 0.00% Reduced -16.0k -16,000
65 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 31,48231.5k $325.8k $325.8k 0.00% Added +10.3k +10,278
66 Nebula Research & Development LLC 0.25% of their portfolio New York, NY 31,47231.5k $325.7k $325.7k 0.25% New
67 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 29,68829.7k $307.3k $307.3k 0.00% Reduced -1.8k -1,828
68 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 28,82328.8k $298.3k $298.3k 0.00% Reduced -7.8k -7,779
69 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 26,52426.5k $274.5k $274.5k 0.00% Added +575 +575
70 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 24,98825.0k $258.5k $258.5k 0.00% Reduced -55 -55
71 Arkadios Wealth Advisors 0.03% of their portfolio ATLANTA, GA 24,66924.7k $255.3k $255.3k 0.03% Unchanged
72 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 24,63324.6k $255.0k $255.0k 0.00% Added +17.6k +17,585
73 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 24,50624.5k $253.6k $253.6k 0.00% Reduced -9.2k -9,165
74 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 24,40824.4k $252.6k $252.6k 0.00% Added +10.9k +10,928
75 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 23,99724.0k $248.4k $248.4k 0.00% Reduced -23.9k -23,891
76 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 23,79823.8k $246.3k $246.3k 0.00% Reduced -356 -356
77 Bleakley Financial Group, LLC 0.01% of their portfolio PARSIPPANY, NJ 23,70023.7k $245.3k $245.3k 0.01% New
78 Simplicity Solutions, LLC 0.01% of their portfolio MINNEAPOLIS, MN 23,68823.7k $245.2k $245.2k 0.01% New
79 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 21,18521.2k $219.3k $219.3k 0.00% Added +5.4k +5,400
80 CANTOR FITZGERALD, L. P. 0.00% of their portfolio NEW YORK, NY 20,00020.0k $207.0k $207.0k 0.00% Unchanged
81 GSA CAPITAL PARTNERS LLP 0.02% of their portfolio LONDON, X0 19,92119.9k $206.0k $206.0k 0.02% Reduced -85.3k -85,342
82 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 18,07618.1k $187.1k $187.1k 0.00% New
83 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 17,76917.8k $183.9k $183.9k 0.00% Reduced -121.9k -121,937
84 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 17,52117.5k $181.3k $181.3k 0.00% Reduced -5.2k -5,150
85 Yakira Capital Management, Inc. 0.05% of their portfolio Westport, CT 16,89816.9k $174.9k $174.9k 0.05% Reduced -15.8k -15,758
86 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 16,87316.9k $174.6k $174.6k 0.00% Reduced -570 -570
87 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 16,28216.3k $168.5k $168.5k 0.00% Reduced -2.9k -2,922
88 Graham Capital Management, L.P. 0.01% of their portfolio ROWAYTON, CT 14,66214.7k $151.8k $151.8k 0.01% Reduced -3.3k -3,268
89 ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio PHOENIX, AZ 14,20714.2k $147.0k $147.0k 0.00% Reduced -433 -433
90 Mariner, LLC 0.00% of their portfolio Overland Park, KS 13,79213.8k $142.7k $142.7k 0.00% Added +3.5k +3,453
91 TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio AUSTIN, TX 13,72313.7k $142.0k $142.0k 0.00% Reduced -1.8k -1,842
92 ProShare Advisors LLC 0.00% of their portfolio BETHESDA, MD 11,76211.8k $121.7k $121.7k 0.00% Reduced -595 -595
93 FOX RUN MANAGEMENT, L.L.C. 0.03% of their portfolio GREENWICH, CT 10,96411.0k $113.5k $113.5k 0.03% New
94 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.00% of their portfolio DENVER, CO 10,85610.9k $112.0k $112.0k 0.00% Unchanged
95 Jump Financial, LLC 0.00% of their portfolio Chicago, IL 10,43410.4k $108.0k $108.0k 0.00% New
96 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 7,5607.6k $78.2k $78.2k 0.00% Reduced -392 -392
97 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 6,5326.5k $68.0k $68.0k 0.00% Added +1.6k +1,649
98 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 6,2286.2k $64.0k $64.0k 0.00% Reduced -2.6k -2,611
99 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 4,6374.6k $48.0k $48.0k 0.00% Unchanged
100 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 4,0154.0k $41.6k $41.6k 0.00% Added +2.2k +2,157