Who holds it, who is betting against it, and where the big money is moving
Net of large-order buying minus selling, in USD. Over this window: −$3.16M (4 inflow days, 16 outflow days).
Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.
The five largest holders on file together own 52.7% of shares outstanding.
Reported short interest has fallen from 8.73% to 3.25% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).
| Holder | Type | Period | Share change | New stake |
|---|---|---|---|---|
| Putnam Fiduciary Trust Company | Private Company | 2026/Q3 | +39,288 | 0.1% |
| Mackenzie Financial Corporation | Mutual Fund | 2026/Q3 | +737,166 | 1.9% |
| Citadel Advisors LLC | Hedge Fund | 2026/Q3 | +420,577 | 1.0% |
| Glazer Capital, LLC | Hedge Fund | 2026/Q3 | +301,834 | 0.6% |
| BlackRock | Mutual Fund | 2026/Q3 | +266,197 | 8.8% |
| D. E. Shaw & Co., L.P. | Hedge Fund | 2026/Q3 | +231,348 | 2.3% |
| Morgan Stanley | Public Company | 2026/Q3 | +158,333 | 1.1% |
| Qube Research & Technologies Ltd | Mutual Fund | 2026/Q3 | +140,340 | 0.8% |
| WEDGE Capital Management LLP | Mutual Fund | 2026/Q3 | +128,845 | 0.2% |
| Millennium Management LLC | Hedge Fund | 2026/Q3 | +115,403 | 0.2% |
| Schonfeld Strategic Advisors LLC | Hedge Fund | 2026/Q3 | +108,879 | 0.2% |
| JPMorgan Chase & Co. | Public Company | 2026/Q3 | +82,955 | 0.3% |
| Dimensional Fund Advisors | Mutual Fund | 2026/Q3 | +59,436 | 2.0% |
| Sierra Summit Advisors LLC | Family Office/Trust | 2026/Q3 | +59,096 | 0.1% |
| Segall Bryant & Hamill, LLC | Mutual Fund | 2026/Q3 | +56,052 | 0.1% |
Institutional buy/sell activity by reporting period, largest moves first.
| Date | Insider | Title | Transaction | Shares | Price | Held after |
|---|---|---|---|---|---|---|
| 14 Sep 2026 | Rhonda Farnum | Chief Business Officer and Senior VP of Commercial & Medical Affairs | Automatic Disposition | -13,314 | $17.03 | 213,476 |
| 19 Aug 2026 | Rick Winningham | Chairperson & CEO | Sale to Issuer | -20,034 | $16.95 | 1,726,989 |
| 19 Aug 2026 | Brett Grimaud | Senior Vice President | Sale to Issuer | -7,952 | $16.95 | 355,168 |
| 19 Aug 2026 | Rhonda Farnum | Chief Business Officer and Senior VP of Commercial & Medical Affairs | Sale to Issuer | -5,667 | $16.95 | 226,790 |
| 19 Aug 2026 | Aziz Sawaf | Senior Vice President | Sale to Issuer | -8,112 | $16.95 | 336,841 |
| 19 Aug 2026 | Aine Miller | VP of Regulatory, Quality, Clinical Safety & Pharmacovigilance and Head of Ireland Office | Sale to Issuer | -6,258 | $16.95 | 189,826 |
| 6 Jul 2026 | Madison Avenue Partners, LP | Open Market Disposition | -6,964 | $17.17 | 9,167,489 | |
| 30 Jun 2026 | Madison Avenue Partners, LP | Open Market Disposition | -336,697 | $17.23 | 9,174,453 | |
| 18 Jun 2026 | Aine Miller | VP of Regulatory, Quality, Clinical Safety & Pharmacovigilance and Head of Ireland Office | Other Acquisition | +18,750 | – | 196,084 |
| 14 Jun 2026 | Rhonda Farnum | Chief Business Officer and Senior VP of Commercial & Medical Affairs | Automatic Disposition | -13,314 | $16.39 | 232,457 |
| 11 Jun 2026 | Deepika Pakianathan | Independent Director | Other Acquisition | +6,009 | – | 64,074 |
| 11 Jun 2026 | Deepika Pakianathan | Independent Director | Other Derivative Acquisition | +13,398 | $16.64 | 13,398 |
| 11 Jun 2026 | Dean Mitchell | Lead Independent Director | Other Acquisition | +6,009 | – | 97,213 |
| 11 Jun 2026 | Dean Mitchell | Lead Independent Director | Other Derivative Acquisition | +13,398 | $16.64 | 13,398 |
| 11 Jun 2026 | Donal O'Connor | Independent Director | Other Acquisition | +6,009 | – | 80,213 |
| 11 Jun 2026 | Donal O'Connor | Independent Director | Other Derivative Acquisition | +13,398 | $16.64 | 13,398 |
| 11 Jun 2026 | Susannah Gray | Independent Director | Other Acquisition | +6,009 | – | 48,146 |
| 11 Jun 2026 | Susannah Gray | Independent Director | Other Derivative Acquisition | +13,398 | $16.64 | 13,398 |
| 11 Jun 2026 | Laurie Smaldone Alsup | Independent Director | Other Acquisition | +6,009 | – | 80,989 |
| 11 Jun 2026 | Laurie Smaldone Alsup | Independent Director | Other Derivative Acquisition | +13,398 | $16.64 | 13,398 |
From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.
| Report date | Shares short | % of float | Days to cover |
|---|---|---|---|
| 15 Sep 2026 | 1,686,673 | 3.2% | 4.5 |
| 31 Aug 2026 | 1,618,508 | 3.1% | 4.5 |
| 14 Aug 2026 | 1,714,947 | 3.3% | 2.5 |
| 31 Jul 2026 | 4,168,511 | 8.0% | 7.6 |
| 15 Jul 2026 | 4,306,471 | 8.3% | 5.3 |
| 30 Jun 2026 | 4,502,718 | 8.7% | 4.2 |
No comments yet — be the first to weigh in on TBPH.