Vault-13

THERAVANCE BIOPHARMA INC 0TB

COM · Common Stock · CUSIP G8807B106 · ISIN KYG8807B1068

136 institutional holders +3 vs Q1 2025
46,967,04847.0m shares reported held*
$518.1mreported value*
22 new 54 added 33 reduced 20 sold out net bought ≈ $22.9m (+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 ($295.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.03. Options: 2 managers hold calls ($3.3k notional), 3 hold puts ($285.9k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 124Q4 22: 121Q1 23: 115Q2 23: 121Q3 23: 117Q4 23: 120Q1 24: 124Q2 24: 133Q3 24: 120Q4 24: 129Q1 25: 133Q2 25: 136136Q3 22Q2 23Q1 24Q4 24Q2 25
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

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 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 24Q3 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 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234157
Q4 20234658
Q1 20245461
Q2 20246562
Q3 20245167
Q4 20246248
Q1 20255963
Q2 20257653

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ3 24 calls: $6.4kQ3 24 puts: $110.2kQ3 24P/C 17.09Q4 24 calls: $11.3kQ4 24 puts: $2.8kQ4 24P/C 0.25Q1 25 calls: $6.3kQ1 25 puts: $15.5kQ1 25P/C 2.48Q2 25 calls: $3.3kQ2 25 puts: $285.9kQ2 25P/C 86.42
Numbers
QuarterCallsPutsP/C
Q3 2024$6.4k$110.2k17.09
Q4 2024$11.3k$2.8k0.25
Q1 2025$6.3k$15.5k2.48
Q2 2025$3.3k$285.9k86.42

Biggest buyers

ROYAL BANK OF CANADA Added +1,004,743+1.0m
BlackRock, Inc. Added +687,696+687.7k
Jefferies Financial Group Inc. Added +255,455+255.5k
Newtyn Management, LLC Added +192,597+192.6k
MORGAN STANLEY Added +165,620+165.6k
ACADIAN ASSET MANAGEMENT LLC Added +134,058+134.1k
Capitolis Liquid Global Markets LLC New +127,200+127.2k
Militia Capital Partners, LP New +108,400+108.4k
Qube Research & Technologies Ltd Added +91,341+91.3k
BNP PARIBAS FINANCIAL MARKETS Added +91,300+91.3k

Biggest sellers

Camber Capital Management LP Reduced -550,000-550.0k
Nuveen, LLC Reduced -254,364-254.4k
MILLENNIUM MANAGEMENT LLC Reduced -247,727-247.7k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Sold out -221,469-221.5k
JACOBS LEVY EQUITY MANAGEMENT, INC Reduced -141,623-141.6k
JANE STREET GROUP, LLC Reduced -98,120-98.1k
AMERIPRISE FINANCIAL INC Sold out -63,731-63.7k
GSA CAPITAL PARTNERS LLP Reduced -44,399-44.4k
JPMORGAN CHASE & CO Reduced -37,304-37.3k
STATE STREET CORP Reduced -31,127-31.1k

Biggest calls

GROUP ONE TRADING LLC New $3.3k300 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SIMPLEX TRADING, LLC Added $158.0k14.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $127.9k11.6k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Madison Avenue Partners, LP 7.00% of their portfolio NEW YORK, NY 9,511,1509.5m $104.9m $104.9m 7.00% Unchanged
2 Weiss Asset Management LP 1.30% of their portfolio BOSTON, MA 7,457,0607.5m $82.3m $82.3m 1.30% Unchanged
3 Newtyn Management, LLC 8.27% of their portfolio NEW YORK, NY 4,950,0005.0m $54.6m $54.6m 8.27% Added +192.6k +192,597
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,139,0254.1m $45.7m $45.7m 0.00% Added +687.7k +687,696
5 Irenic Capital Management LP 6.70% of their portfolio NEW YORK, NY 2,760,9482.8m $30.5m $30.5m 6.70% Unchanged
6 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 2,157,4302.2m $23.8m $23.8m 0.00% Added +77.0k +76,967
7 Park West Asset Management LLC 1.51% of their portfolio SAN FRANCISCO, CA 1,799,0811.8m $19.8m $19.8m 1.51% Reduced -5.2k -5,163
8 Oasis Management Co Ltd. 2.90% of their portfolio GRAND CAYMAN, E9 1,118,9351.1m $12.3m $12.3m 2.90% Unchanged
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,035,6481.0m $11.4m $11.4m 0.00% Reduced -31.1k -31,127
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,007,2321.0m $11.1m $11.1m 0.00% Added +1.0m +1,004,743
11 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,001,7661.0m $11.0m $11.0m 0.01% Added +81.5k +81,464
12 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 893,983894.0k $9.9m $9.9m 0.00% Added +3.4k +3,416
13 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 722,070722.1k $8.0m $8.0m 0.00% Added +78.2k +78,232
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 550,607550.6k $6.1m $6.1m 0.00% Added +165.6k +165,620
15 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 539,645539.6k $6.0m $6.0m 0.00% Added +76.4k +76,417
16 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 485,331485.3k $5.4m $5.4m 0.00% Added +46.6k +46,622
17 Camber Capital Management LP 0.69% of their portfolio BOSTON, MA 450,000450.0k $5.0m $5.0m 0.69% Reduced -550.0k -550,000
18 UBS Group AG 0.00% of their portfolio ZURICH, V8 397,133397.1k $4.4m $4.4m 0.00% Reduced -20.5k -20,488
19 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 387,472387.5k $4.3m $4.3m 0.00% Added +91.3k +91,300
20 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 352,225352.2k $3.9m $3.9m 0.00% Added +2.8k +2,808
21 ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio Boston, MA 308,652308.7k $3.4m $3.4m 0.01% Added +134.1k +134,058
22 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 303,887303.9k $3.4m $3.4m 0.00% Added +16.2k +16,171
23 Jefferies Financial Group Inc. 0.05% of their portfolio NEW YORK, NY 276,887276.9k $3.1m $3.1m 0.05% Added +255.5k +255,455
24 TANG CAPITAL MANAGEMENT LLC 0.15% of their portfolio SAN DIEGO, CA 264,308264.3k $2.9m $2.9m 0.15% Added +1.4k +1,412
25 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 208,783208.8k $2.3m $2.3m 0.00% Unchanged
26 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 205,280205.3k $2.3m $2.3m 0.00% Added +91.3k +91,341
27 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 199,386199.4k $2.2m $2.2m 0.00% Reduced -11.2k -11,150
28 TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio STAMFORD, CT 196,563196.6k $2.2m $2.2m 0.02% Reduced -10 -10
29 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 167,429167.4k $1.8m $1.8m 0.00% Added +12.0k +12,000
30 Trexquant Investment LP 0.02% of their portfolio STAMFORD, CT 156,930156.9k $1.7m $1.7m 0.02% Reduced -8.5k -8,494
31 GSA CAPITAL PARTNERS LLP 0.11% of their portfolio LONDON, X0 137,951138.0k $1.5m $1.5m 0.11% Reduced -44.4k -44,399
32 Cubist Systematic Strategies, LLC 0.02% of their portfolio STAMFORD, CT 135,656135.7k $1.5m $1.5m 0.02% Added +88.7k +88,684
33 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 131,802131.8k $1.5m $1.5m 0.00% Added +79.8k +79,769
34 Capitolis Liquid Global Markets LLC 0.01% of their portfolio NEW YORK, NY 127,200127.2k $1.4m $1.4m 0.01% New
35 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 120,588120.6k $1.3m $1.3m 0.00% Reduced -254.4k -254,364
36 PDT Partners, LLC 0.08% of their portfolio New York, NY 120,327120.3k $1.3m $1.3m 0.08% Added +31.8k +31,750
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 119,513119.5k $1.3m $1.3m 0.00% Reduced -37.3k -37,304
38 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 110,546110.5k $1.2m $1.2m 0.00% Reduced -7.0k -6,953
39 Militia Capital Partners, LP 0.28% of their portfolio AUSTIN, TX 108,400108.4k $1.2m $1.2m 0.28% New
40 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 100,778100.8k $1.1m $1.1m 0.00% Added +85.9k +85,867
41 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 91,50191.5k $1.0m $1.0m 0.00% Added +5.8k +5,794
42 Jump Financial, LLC 0.01% of their portfolio Chicago, IL 79,07479.1k $872.2k $872.2k 0.01% New
43 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 70,08070.1k $773.0k $773.0k 0.00% Reduced -3.3k -3,300
44 MARTINGALE ASSET MANAGEMENT L P 0.02% of their portfolio BOSTON, MA 68,84168.8k $759.3k $759.3k 0.02% Added +7.5k +7,511
45 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 62,43262.4k $689.0k $689.0k 0.00% Added +1.6k +1,588
46 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 58,83058.8k $648.0k $648.0k 0.00% Added +41.3k +41,340
47 NJ State Employees Deferred Compensation Plan 0.08% of their portfolio TRENTON, NJ 58,14258.1k $641.3k $641.3k 0.08% Unchanged
48 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 57,30857.3k $632.1k $632.1k 0.00% Reduced -4.9k -4,946
49 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 57,21457.2k $637.9k $637.9k 0.00% New
50 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 56,61356.6k $624.4k $624.4k 0.00% New
51 Campbell & CO Investment Adviser LLC 0.04% of their portfolio BALTIMORE, MD 50,39250.4k $555.8k $555.8k 0.04% New
52 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 49,85149.9k $549.9k $549.9k 0.00% Reduced -28.1k -28,075
53 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 43,80743.8k $483.2k $483.2k 0.00% Reduced -247.7k -247,727
54 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 42,76442.8k $471.7k $471.7k 0.00% Reduced -98.1k -98,120
55 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 42,49142.5k $468.7k $468.7k 0.00% Reduced -5.6k -5,568
56 Virtus Investment Advisers, LLC 0.16% of their portfolio HARTFORD, CT 41,88441.9k $462.0k $462.0k 0.16% Added +5.5k +5,505
57 Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio HONG KONG, K3 40,94340.9k $451.6k $451.6k 0.01% New
58 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 39,04639.0k $430.7k $430.7k 0.00% Reduced -1.3k -1,297
59 Aquatic Capital Management LLC 0.01% of their portfolio CHICAGO, IL 36,24436.2k $399.8k $399.8k 0.01% Added +16.4k +16,386
60 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 35,80935.8k $395.0k $395.0k 0.00% Added +11 +11
61 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 34,65934.7k $382.3k $382.3k 0.00% New
62 Rangeley Capital, LLC 0.47% of their portfolio NEW CANAAN, CT 33,72933.7k $372.0k $372.0k 0.47% New
63 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 29,10029.1k $321.0k $321.0k 0.00% Added +4.4k +4,400
64 EntryPoint Capital, LLC 0.15% of their portfolio NEW YORK, NY 27,90427.9k $307.8k $307.8k 0.15% New
65 ALPS ADVISORS INC 0.00% of their portfolio Denver, CO 27,00727.0k $297.9k $297.9k 0.00% Reduced -9.1k -9,072
66 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 26,69026.7k $294.4k $294.4k 0.00% Reduced -6.6k -6,597
67 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 26,66826.7k $294.1k $294.1k 0.00% Unchanged
68 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 25,65125.7k $282.9k $282.9k 0.00% Added +398 +398
69 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 25,32425.3k $279.3k $279.3k 0.00% Added +2.8k +2,789
70 Assenagon Asset Management S.A. 0.00% of their portfolio SENNINGERBERG, N4 23,98024.0k $264.5k $264.5k 0.00% New
71 Brookwood Investment Group LLC 0.04% of their portfolio PHOENIX, AZ 21,07721.1k $232.5k $232.5k 0.04% Added +17 +17
72 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 20,49520.5k $226.1k $226.1k 0.00% Reduced -1.9k -1,939
73 JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% of their portfolio FLORHAM PARK, NJ 20,17420.2k $222.5k $222.5k 0.00% Reduced -141.6k -141,623
74 R Squared Ltd 0.12% of their portfolio HONG KONG, K3 19,97620.0k $220.3k $220.3k 0.12% Added +7.5k +7,454
75 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 19,85019.9k $218.9k $218.9k 0.00% New
76 Graham Capital Management, L.P. 0.01% of their portfolio ROWAYTON, CT 19,37219.4k $213.7k $213.7k 0.01% Reduced -5.6k -5,582
77 State of Wyoming 0.03% of their portfolio CHEYENNE, WY 18,92818.9k $208.8k $208.8k 0.03% Added +1.0k +1,019
78 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 17,79217.8k $196.2k $196.2k 0.00% New
79 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 17,68117.7k $195.0k $195.0k 0.00% Unchanged
80 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 17,61217.6k $194.3k $194.3k 0.00% Reduced -12.2k -12,150
81 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 15,74715.7k $173.7k $173.7k 0.00% Added +1.0k +1,020
82 OXFORD ASSET MANAGEMENT LLP 0.05% of their portfolio OXFORD, X0 14,42914.4k $159.2k $159.2k 0.05% Not comparable
83 Ballentine Partners, LLC 0.00% of their portfolio Waltham, MA 14,31514.3k $157.9k $157.9k 0.00% Added +1.2k +1,221
84 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 13,65713.7k $150.6k $150.6k 0.00% New
85 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 13,32213.3k $146.9k $146.9k 0.00% Reduced -10.4k -10,445
86 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 12,69212.7k $140.0k $140.0k 0.00% New
87 Yakira Capital Management, Inc. 0.05% of their portfolio Westport, CT 12,62212.6k $139.2k $139.2k 0.05% Reduced -2.5k -2,500
88 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 12,60812.6k $139.1k $139.1k 0.00% New
89 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 12,24912.2k $135.1k $135.1k 0.00% Added +979 +979
90 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 11,59311.6k $127.9k $127.9k 0.00% Reduced -11.6k -11,593
91 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.00% of their portfolio DENVER, CO 10,85610.9k $120.0k $120.0k 0.00% Unchanged
92 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 10,10010.1k $111.4k $111.4k 0.00% New
93 China Universal Asset Management Co., Ltd. 0.01% of their portfolio SHANGHAI, F4 10,04310.0k $110.8k $110.8k 0.01% Added +179 +179
94 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 8,0408.0k $88.7k $88.7k 0.00% Unchanged
95 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 6,7106.7k $74.0k $74.0k 0.00% Unchanged
96 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 5,0135.0k $55.3k $55.3k 0.00% Added +781 +781
97 FMR LLC 0.00% of their portfolio BOSTON, MA 4,9134.9k $54.2k $54.2k 0.00% Added +2.5k +2,522
98 Legal & General Group Plc 0.00% of their portfolio London, X0 4,1404.1k $45.7k $45.7k 0.00% Added +808 +808
99 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 3,5983.6k $39.7k $39.7k 0.00% Unchanged
100 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 2,6612.7k $29.4k $29.4k 0.00% Unchanged