Vault-13

THERAVANCE BIOPHARMA INC 0TB

COM · Common Stock · CUSIP G8807B106 · ISIN KYG8807B1068

133 institutional holders +9 vs Q1 2024
47,359,96947.4m shares reported held*
$401.7mreported value*
23 new 42 added 47 reduced 15 sold out net sold ≈ $12.2m (-1.4m 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 ($12.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.48. Options: 2 managers hold calls ($117.9k notional), 3 hold puts ($38.3k).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 124Q4 22: 121Q1 23: 115Q2 23: 121Q3 23: 117Q4 23: 120Q1 24: 124Q2 24: 133133Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022124
Q4 2022121
Q1 2023115
Q2 2023121
Q3 2023117
Q4 2023120
Q1 2024124
Q2 2024133

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 outQ2 23: 44 bought or addedQ2 23: 60 cut or sold outQ2 23Q3 23: 41 bought or addedQ3 23: 57 cut or sold outQ4 23: 46 bought or addedQ4 23: 58 cut or sold outQ4 23Q1 24: 54 bought or addedQ1 24: 61 cut or sold outQ2 24: 65 bought or addedQ2 24: 62 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20225260
Q1 20234858
Q2 20234460
Q3 20234157
Q4 20234658
Q1 20245461
Q2 20246562

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ3 23 calls: $1.2mQ3 23 puts: $0Q3 23P/C 0.00Q4 23 calls: $2.4mQ4 23 puts: $1.1kQ4 23P/C 0.00Q1 24 calls: $22.5kQ1 24 puts: $23.4kQ1 24P/C 1.04Q2 24 calls: $117.9kQ2 24 puts: $38.3kQ2 24P/C 0.32
Numbers
QuarterCallsPutsP/C
Q3 2023$1.2m$00.00
Q4 2023$2.4m$1.1k0.00
Q1 2024$22.5k$23.4k1.04
Q2 2024$117.9k$38.3k0.32

Biggest buyers

Madison Avenue Partners, LP Added +1,499,124+1.5m
Park West Asset Management LLC Added +542,837+542.8k
Newtyn Management, LLC Added +480,773+480.8k
JPMORGAN CHASE & CO Added +456,792+456.8k
GSA CAPITAL PARTNERS LLP New +204,089+204.1k
Nuveen Asset Management, LLC Added +182,897+182.9k
MARSHALL WACE, LLP Added +135,426+135.4k
BNP PARIBAS FINANCIAL MARKETS Added +128,241+128.2k
CITADEL ADVISORS LLC Added +128,206+128.2k
Squarepoint Ops LLC New +116,256+116.3k

Biggest sellers

BAUPOST GROUP LLC/MA Reduced -2,394,105-2.4m
Pictet Asset Management Holding SA Reduced -1,164,956-1.2m
MORGAN STANLEY Reduced -798,416-798.4k
VANGUARD GROUP INC Reduced -683,674-683.7k
BlackRock Inc. Reduced -428,177-428.2k
GEODE CAPITAL MANAGEMENT, LLC Reduced -110,066-110.1k
Chescapmanager LLC Reduced -105,168-105.2k
STATE STREET CORP Reduced -101,406-101.4k
Invesco Ltd. Reduced -81,778-81.8k
Mirae Asset Global Investments Co., Ltd. Reduced -51,424-51.4k

Biggest calls

CITADEL ADVISORS LLC Added $117.9k13.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $26.3k3.1k shares
SIMPLEX TRADING, LLC Added $12.0k1.5k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Madison Avenue Partners, LP 9.12% of their portfolio NEW YORK, NY 8,511,3508.5m $72.2m $72.2m 9.12% Added +1.5m +1,499,124
2 Weiss Asset Management LP 3.03% of their portfolio BOSTON, MA 7,457,0607.5m $63.2m $63.2m 3.03% Unchanged
3 BAUPOST GROUP LLC/MA 0.98% of their portfolio BOSTON, MA 4,200,0214.2m $35.6m $35.6m 0.98% Reduced -2.4m -2,394,105
4 BlackRock Inc. 0.00% of their portfolio New York, NY 3,780,1603.8m $32.1m $32.1m 0.00% Reduced -428.2k -428,177
5 Irenic Capital Management LP 5.68% of their portfolio NEW YORK, NY 2,760,9482.8m $23.4m $23.4m 5.68% Unchanged
6 Newtyn Management, LLC 3.38% of their portfolio NEW YORK, NY 2,124,7032.1m $18.0m $18.0m 3.38% Added +480.8k +480,773
7 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 2,002,1792.0m $17.0m $17.0m 0.00% Reduced -683.7k -683,674
8 Park West Asset Management LLC 1.13% of their portfolio SAN FRANCISCO, CA 1,700,0001.7m $14.4m $14.4m 1.13% Added +542.8k +542,837
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,267,3751.3m $10.7m $10.7m 0.00% Reduced -101.4k -101,406
10 Oasis Management Co Ltd. 3.21% of their portfolio GRAND CAYMAN, E9 1,157,9651.2m $9.8m $9.8m 3.21% Unchanged
11 Camber Capital Management LP 0.33% of their portfolio BOSTON, MA 1,000,0001.0m $8.5m $8.5m 0.33% Unchanged
12 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 878,655878.7k $7.5m $7.5m 0.01% Reduced -1.2m -1,164,956
13 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 857,386857.4k $7.3m $7.3m 0.00% Reduced -110.1k -110,066
14 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 758,080758.1k $6.4m $6.4m 0.01% Reduced -23.5k -23,505
15 JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio FLORHAM PARK, NJ 586,614586.6k $5.0m $5.0m 0.02% Added +28.6k +28,643
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 518,518518.5k $4.4m $4.4m 0.00% Added +456.8k +456,792
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 476,169476.2k $4.0m $4.0m 0.00% Reduced -44.3k -44,327
18 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 464,967465.0k $3.9m $3.9m 0.00% Reduced -23.8k -23,785
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 458,923458.9k $3.9m $3.9m 0.00% Reduced -798.4k -798,416
20 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 350,587350.6k $3.0m $3.0m 0.00% Added +19.6k +19,625
21 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 342,715342.7k $2.9m $2.9m 0.00% Added +182.9k +182,897
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 333,551333.6k $2.8m $2.8m 0.00% Added +110.8k +110,801
23 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 330,181330.2k $2.8m $2.8m 0.00% Added +91.7k +91,679
24 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 297,499297.5k $2.5m $2.5m 0.00% Added +135.4k +135,426
25 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 291,266291.3k $2.5m $2.5m 0.00% Reduced -19.2k -19,235
26 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 244,014244.0k $2.1m $2.1m 0.00% Added +128.2k +128,206
27 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 209,492209.5k $1.8m $1.8m 0.00% Added +709 +709
28 GSA CAPITAL PARTNERS LLP 0.12% of their portfolio LONDON, X0 204,089204.1k $1.7m $1.7m 0.12% New
29 TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio STAMFORD, CT 193,768193.8k $1.6m $1.6m 0.02% Added +16.2k +16,156
30 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 162,388162.4k $1.4m $1.4m 0.01% Reduced -47.2k -47,178
31 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 161,699161.7k $1.4m $1.4m 0.00% Added +128.2k +128,241
32 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 160,138160.1k $1.4m $1.4m 0.00% Added +93.7k +93,702
33 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 153,424153.4k $1.3m $1.3m 0.01% Added +22.0k +22,035
34 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 150,972151.0k $1.3m $1.3m 0.00% Reduced -11.1k -11,056
35 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 142,935142.9k $1.2m $1.2m 0.00% Added +109.3k +109,327
36 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 138,877138.9k $1.2m $1.2m 0.00% Added +74.3k +74,349
37 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 129,528129.5k $1.1m $1.1m 0.00% Added +9.8k +9,770
38 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 116,256116.3k $985.9k $985.9k 0.00% New
39 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 111,382111.4k $944.5k $944.5k 0.00% Reduced -390 -390
40 Chescapmanager LLC 0.13% of their portfolio BALTIMORE, MD 96,19796.2k $815.8k $815.8k 0.13% Reduced -105.2k -105,168
41 Petrus Trust Company, LTA 0.06% of their portfolio Dallas, TX 81,44981.4k $690.7k $690.7k 0.06% Added +19.4k +19,421
42 ExodusPoint Capital Management, LP 0.01% of their portfolio NEW YORK, NY 80,95581.0k $686.0k $686.0k 0.01% Added +200 +200
43 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 78,85578.9k $668.7k $668.7k 0.00% Added +6.2k +6,220
44 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 77,08477.1k $653.7k $653.7k 0.00% Reduced -15.1k -15,095
45 Swiss National Bank 0.00% of their portfolio ZURICH, V8 71,74271.7k $608.4k $608.4k 0.00% Reduced -2.0k -2,000
46 PDT Partners, LLC 0.05% of their portfolio New York, NY 66,43966.4k $563.4k $563.4k 0.05% Unchanged
47 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 62,26962.3k $528.0k $528.0k 0.00% Added +2.2k +2,249
48 Ensign Peak Advisors, Inc 0.00% of their portfolio SALT LAKE CITY, UT 60,90760.9k $516.5k $516.5k 0.00% Unchanged
49 ROYCE & ASSOCIATES LP 0.00% of their portfolio New York, NY 59,00959.0k $500.4k $500.4k 0.00% Unchanged
50 NJ State Employees Deferred Compensation Plan 0.06% of their portfolio TRENTON, NJ 58,14258.1k $493.0k $493.0k 0.06% Unchanged
51 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 57,61157.6k $488.5k $488.5k 0.00% Added +6.0k +6,026
52 Legal & General Group Plc 0.00% of their portfolio London, X0 54,07554.1k $458.6k $458.6k 0.00% Added +1.7k +1,656
53 SHERBROOKE PARK ADVISERS LLC 0.08% of their portfolio WHITE PLAINS, NY 52,51852.5k $445.4k $445.4k 0.08% New
54 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 50,51850.5k $428.4k $428.4k 0.00% Added +5.4k +5,404
55 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 49,52349.5k $420.0k $420.0k 0.00% New
56 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 47,78047.8k $406.0k $406.0k 0.00% Reduced -1.7k -1,695
57 MARTINGALE ASSET MANAGEMENT L P 0.01% of their portfolio BOSTON, MA 47,58047.6k $403.5k $403.5k 0.01% Added +16 +16
58 Campbell & CO Investment Adviser LLC 0.03% of their portfolio BALTIMORE, MD 44,18044.2k $374.6k $374.6k 0.03% Added +28.7k +28,678
59 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 44,12344.1k $374.2k $374.2k 0.00% Reduced -81.8k -81,778
60 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 43,26643.3k $366.9k $366.9k 0.00% First filing
61 KENNEDY CAPITAL MANAGEMENT LLC 0.01% of their portfolio ST LOUIS, MO 39,52639.5k $335.2k $335.2k 0.01% Added +1.3k +1,324
62 VIRTUS ADVISERS, LLC 0.16% of their portfolio HARTFORD, CT 38,38638.4k $325.5k $325.5k 0.16% Added +3.8k +3,779
63 ALPS ADVISORS INC 0.00% of their portfolio Denver, CO 37,94437.9k $321.8k $321.8k 0.00% New
64 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 35,54835.5k $301.4k $301.4k 0.00% Reduced -2.9k -2,906
65 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 34,33634.3k $291.2k $291.2k 0.00% New
66 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 34,10734.1k $289.2k $289.2k 0.00% Added +2.8k +2,822
67 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 33,90033.9k $287.5k $287.5k 0.00% New
68 UBS Group AG 0.00% of their portfolio ZURICH, V8 33,77233.8k $286.4k $286.4k 0.00% Reduced -25.3k -25,317
69 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 33,76033.8k $286.3k $286.3k 0.00% New
70 Trexquant Investment LP 0.00% of their portfolio STAMFORD, CT 33,52233.5k $284.3k $284.3k 0.00% New
71 Brevan Howard Capital Management LP 0.02% of their portfolio ST. HELIER, Y9 29,66529.7k $251.6k $251.6k 0.02% Added +5.1k +5,058
72 Graham Capital Management, L.P. 0.01% of their portfolio ROWAYTON, CT 28,55928.6k $242.2k $242.2k 0.01% Added +12.2k +12,206
73 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 27,56527.6k $233.8k $233.8k 0.00% Added +5.5k +5,549
74 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 24,66624.7k $208.9k $208.9k 0.00% Reduced -237 -237
75 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 22,06122.1k $187.1k $187.1k 0.00% Reduced -5.8k -5,771
76 Corebridge Financial, Inc. 0.00% of their portfolio HOUSTON, TX 19,75719.8k $167.5k $167.5k 0.00% First filing
77 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 19,47719.5k $165.2k $165.2k 0.00% Added +7.6k +7,556
78 Nebula Research & Development LLC 0.02% of their portfolio New York, NY 18,15418.2k $153.9k $153.9k 0.02% New
79 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 17,68117.7k $149.9k $149.9k 0.00% Reduced -5.0k -4,990
80 INCEPTIONR LLC 0.04% of their portfolio Lafayette, CA 17,43517.4k $147.8k $147.8k 0.04% New
81 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 17,26417.3k $146.4k $146.4k 0.00% Reduced -27.7k -27,747
82 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 16,88216.9k $143.2k $143.2k 0.00% Reduced -1.1k -1,082
83 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 16,62316.6k $141.0k $141.0k 0.00% Reduced -2.4k -2,431
84 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 16,28616.3k $138.1k $138.1k 0.00% Reduced -1.6k -1,564
85 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 16,02316.0k $135.9k $135.9k 0.00% New
86 CANTOR FITZGERALD, L. P. 0.03% of their portfolio NEW YORK, NY 16,00016.0k $135.7k $135.7k 0.03% Reduced -2.0k -2,000
87 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 15,19915.2k $128.9k $128.9k 0.00% New
88 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 15,19615.2k $128.9k $128.9k 0.01% New
89 Yakira Capital Management, Inc. 0.05% of their portfolio Westport, CT 15,12215.1k $128.2k $128.2k 0.05% Unchanged
90 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 14,88814.9k $126.3k $126.3k 0.00% Reduced -10.7k -10,719
91 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 13,15113.2k $111.5k $111.5k 0.00% Reduced -7 -7
92 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 12,82912.8k $107.8k $107.8k 0.00% New
93 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 12,74712.7k $108.1k $108.1k 0.00% Reduced -210 -210
94 Centiva Capital, LP 0.00% of their portfolio New York, NY 12,13912.1k $102.9k $102.9k 0.00% New
95 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.00% of their portfolio DENVER, CO 10,85610.9k $92.0k $92.0k 0.00% Unchanged
96 OCCUDO QUANTITATIVE STRATEGIES LP 0.02% of their portfolio FORT LAUDERDALE, FL 10,84910.8k $92.0k $92.0k 0.02% New
97 ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio PHOENIX, AZ 10,19610.2k $86.5k $86.5k 0.00% Reduced -68 -68
98 GERBER, LLC 0.07% of their portfolio COLUMBUS, OH 10,00010.0k $84.8k $84.8k 0.07% Unchanged
99 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 9,7899.8k $83.0k $83.0k 0.00% Added +9.4k +9,391
100 Point72 Asia (Singapore) Pte. Ltd. 0.02% of their portfolio SINGAPORE, U0 9,0579.1k $76.8k $76.8k 0.02% Reduced -2.7k -2,749