Who owns Theravance Biopharma (TBPH)
Which tracked institutional funds hold TBPH, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TBPH company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
38 tracked funds added or opened TBPH while 30 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
TBPH’s largest tracked holder by dollar value, Madison Avenue Partners, LP, sizes it at 6.7% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 6.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TBPH divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 171 tracked filers holding TBPH, 97 increased or opened the position and 85 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in TBPH between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 8
- Jupiter Topco LLC$7M
- WEDGE CAPITAL MANAGEMENT L L P/NC$2M
- MILLENNIUM MANAGEMENT LLC$2M
- Schonfeld Strategic Advisors LLC$2M
- SIERRA SUMMIT ADVISORS LLC$1M
- SEGALL BRYANT & HAMILL, LLC$953K
Full exits 17
- ACADIAN ASSET MANAGEMENT LLC$21M
- Assenagon Asset Management S.A.$7M
- JANUS HENDERSON GROUP PLC$6M
- HRT FINANCIAL LP$5M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$5M
- 683 Capital Management, LLC$4M
Largest adds
- MACKENZIE FINANCIAL CORP$13M
- BlackRock, Inc.$8M
- CITADEL ADVISORS LLC$7M
- Weiss Asset Management LP$6M
- D. E. Shaw & Co., Inc.$5M
- MORGAN STANLEY$4M
Largest trims
- Newtyn Management, LLC$20M
- Invesco Ltd.$5M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$5M
- UBS Group AG$4M
- Trexquant Investment LP$2M
- BANK OF AMERICA CORP /DE/$2M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Madison Avenue Partners, LP trimmed | 9,212,252 | $157M | 20.0% | 2026-Q2 |
| Weiss Asset Management LP | 7,457,060 | $127M | 16.2% | 2026-Q2 |
| BlackRock, Inc. added | 4,562,487 | $78M | 9.9% | 2026-Q2 |
| Newtyn Management, LLC trimmed | 3,434,191 | $58M | 7.5% | 2026-Q2 |
| Irenic Capital Management LP | 2,760,948 | $47M | 6.0% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 1,771,493 | $30M | 3.9% | 2026-Q2 |
| STATE STREET CORP added | 1,328,584 | $23M | 2.9% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 1,225,587 | $21M | 2.7% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 1,185,390 | $20M | 2.6% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 1,117,895 | $19M | 2.4% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 1,043,051 | $18M | 2.3% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP added | 985,848 | $17M | 2.1% | 2026-Q2 |
| MORGAN STANLEY added | 705,202 | $12M | 1.5% | 2026-Q2 |
| Oasis Management Co Ltd. | 583,490 | $10M | 1.3% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 506,668 | $9M | 1.1% | 2026-Q2 |
| UBS Group AG trimmed | 488,309 | $8M | 1.1% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 429,813 | $7M | 0.9% | 2026-Q2 |
| NORTHERN TRUST CORP added | 404,356 | $7M | 0.9% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC trimmed | 394,158 | $7M | 0.9% | 2026-Q2 |
| Jupiter Topco LLC new | 387,493 | $7M | 0.8% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 339,960 | $6M | 0.7% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 321,154 | $5M | 0.7% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 272,234 | $5M | 0.6% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 221,846 | $4M | 0.5% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 208,783 | $4M | 0.5% | 2026-Q2 |
| MARSHALL WACE, LLP added | 188,748 | $3M | 0.4% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 179,641 | $3M | 0.4% | 2026-Q2 |
| LOS ANGELES CAPITAL MANAGEMENT LLC trimmed | 179,185 | $3M | 0.4% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 154,318 | $3M | 0.3% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 138,613 | $2M | 0.3% | 2026-Q2 |
| CWA Asset Management Group, LLC added | 134,994 | $2M | 0.3% | 2026-Q2 |
| FMR LLC added | 133,866 | $2M | 0.3% | 2026-Q2 |
| Nuveen, LLC added | 133,064 | $2M | 0.3% | 2026-Q2 |
| WEDGE CAPITAL MANAGEMENT L L P/NC new | 128,845 | $2M | 0.3% | 2026-Q2 |
| Bank of New York Mellon Corp added | 120,776 | $2M | 0.3% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 115,403 | $2M | 0.3% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP added | 113,481 | $2M | 0.2% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC added | 108,879 | $2M | 0.2% | 2026-Q2 |
| MARTINGALE ASSET MANAGEMENT L P added | 105,500 | $2M | 0.2% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 103,260 | $2M | 0.2% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC trimmed | 102,282 | $2M | 0.2% | 2026-Q2 |
| Engineers Gate Manager LP trimmed | 100,136 | $2M | 0.2% | 2026-Q2 |
| Rangeley Capital, LLC trimmed | 99,500 | $2M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 85,263 | $1M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 77,500 | $1M | 0.2% | 2026-Q2 |
| Trexquant Investment LP trimmed | 76,469 | $1M | 0.2% | 2026-Q2 |
| Invesco Ltd. trimmed | 75,372 | $1M | 0.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 73,689 | $1M | 0.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 70,600 | $1M | 0.1% | 2026-Q2 |
| Virtus Investment Advisers, LLC added | 69,885 | $1M | 0.2% | 2026-Q2 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 64,533 | $1M | 0.1% | 2026-Q2 |
| VIRGINIA RETIREMENT SYSTEMS ET Al trimmed | 63,000 | $1M | 0.1% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 61,132 | $1M | 0.1% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL trimmed | 60,425 | $1M | 0.1% | 2026-Q2 |
| SIERRA SUMMIT ADVISORS LLC trimmed | 59,096 | $1M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 57,524 | $978K | 0.1% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 56,792 | $965K | 0.1% | 2026-Q2 |
| SEGALL BRYANT & HAMILL, LLC new | 56,052 | $953K | 0.1% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 54,279 | $923K | 0.1% | 2026-Q2 |
| ALPS ADVISORS INC added | 52,318 | $889K | 0.1% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD | 49,700 | $845K | 0.1% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC trimmed | 49,605 | $843K | 0.1% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 49,428 | $843K | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 47,820 | $813K | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 42,545 | $723K | 0.1% | 2026-Q2 |
| BARCLAYS PLC trimmed | 42,525 | $723K | 0.1% | 2026-Q2 |
| KLP KAPITALFORVALTNING AS added | 41,900 | $712K | 0.1% | 2026-Q2 |
| MONEY CONCEPTS CAPITAL CORP new | 41,848 | $711K | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 41,010 | $697K | 0.1% | 2026-Q2 |
| Man Group plc trimmed | 40,613 | $690K | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 39,583 | $673K | 0.1% | 2026-Q2 |
| STRS OHIO trimmed | 38,800 | $660K | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 36,352 | $618K | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 34,771 | $591K | 0.1% | 2026-Q2 |
| Legal & General Group Plc added | 34,654 | $589K | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 33,941 | $577K | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP added | 30,850 | $524K | 0.1% | 2026-Q2 |
| Groupe la Francaise new | 30,000 | $510K | 0.1% | 2026-Q2 |
| Susquehanna Portfolio Strategies, LLC added | 28,924 | $492K | 0.1% | 2026-Q2 |
| PDT Partners, LLC trimmed | 28,629 | $487K | 0.1% | 2026-Q2 |
| AVIVA PLC trimmed | 26,359 | $448K | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd | 25,612 | $435K | 0.1% | 2026-Q2 |
| GTS SECURITIES LLC new | 25,320 | $430K | 0.1% | 2026-Q2 |
| Mitsubishi UFJ Trust & Banking Corp new | 25,282 | $430K | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 24,193 | $412K | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC added | 23,057 | $392K | 0.1% | 2026-Q2 |
| Creative Planning added | 22,232 | $378K | 0.0% | 2026-Q2 |
| ExodusPoint Capital Management, LP trimmed | 21,473 | $365K | 0.0% | 2026-Q2 |
| Quadrature Capital Ltd new | 19,494 | $331K | 0.0% | 2026-Q2 |
| Voleon Capital Management LP new | 19,478 | $331K | 0.0% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 18,642 | $317K | 0.0% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 17,908 | $304K | 0.0% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 17,762 | $302K | 0.0% | 2026-Q2 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 17,681 | $301K | 0.0% | 2026-Q2 |
| JUNCTURE WEALTH STRATEGIES, LLC new | 17,234 | $293K | 0.0% | 2026-Q2 |
| Financiere des Professionnels - Fonds d'investissement inc. | 16,523 | $281K | 0.0% | 2026-Q2 |
| XTX Topco Ltd added | 16,455 | $280K | 0.0% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 15,991 | $272K | 0.0% | 2026-Q2 |
| Cornerstone Investment Partners, LLC new | 15,348 | $261K | 0.0% | 2026-Q2 |
| DELTEC ASSET MANAGEMENT LLC new | 15,000 | $255K | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.