TBPH
Pharmaceuticals, Biotechnology & Life Sciences
CROWD: RED
Active holders jumped 48 to 48 recently. Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
48
of 171 total, index funds excluded
This quarter
+20
20 out
Conviction
2 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2016Mar 2026
Holdings as of Mar 31, 2026, filed by May 16, 2026. Counts for the newest quarter keep settling for a few weeks as amendments land.
The tide
funds in (up) vs out (down)
Top holders
by reported value · $808M held
Fund
Value
Note
Madison Avenue Partners, LP
$154M
Weiss Asset Management LP
$121M
fast money
Newtyn Management, LLC
$79M
BlackRock, Inc.
$70M
Irenic Capital Management LP
$45M
VANGUARD CAPITAL MANAGEMENT…
$29M
STATE STREET CORP
$21M
ACADIAN ASSET MANAGEMENT LLC
$21M
TWO SIGMA INVESTMENTS, LP
$20M
GEODE CAPITAL MANAGEMENT, L…
$18M
Tourists vs true believers
every holder a dot · right = bigger bet in their own book, up = patient money
Hover any dot for the fund and its bet size. Patience is measured from each filer's actual quarter-to-quarter turnover across our whole database.