Laughing Water Capital’s New Position: Theravance Biopharma (TBPH)
Laughing Water Capital, an investment management company, released its first-quarter 2026 investor letter. A copy of the letter can be downloaded here.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | Madison Avenue Partners Eli Samaha | 9,511,150 | $154,365,965 | 6.71% | |
| 2. | Weiss Asset Management Andrew Weiss | 7,457,060 | $121,028,084 | 2.05% | |
| 3. | Newtyn Management Noah Levy And Eugene Dozortsev | 4,841,629 | $78,579,639 | +13% | 8.4% |
| 4. | Irenic Capital Management Adam Katz And Andy Dodge | 2,760,948 | $44,810,186 | 2.92% | |
| 5. | Two Sigma Advisors John Overdeck And David Siegel | 1,258,497 | $20,425,406 | +232% | 0.02% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $7.80 | 999,800 | $7,798,440.00 | 9,511,150 | 2024-08-07 | Filing | |
| $8.75 | 499,324 | $4,369,085.00 | 8,511,350 | 2024-05-01 | Filing | |
| $8.75 | 999,800 | $8,748,250.00 | 8,012,026 | 2024-05-01 | Filing | |
| $22.54 | 1,000 | $22,540.00 | 56,757 | 2018-05-21 | Filing | |
| $26.34 | 4,000 | $105,358.80 | 213,180 | 2017-08-21 | Filing |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $17.00 | 37,799 | $642,628.36 | 9,174,453 | 2026-07-01 | Filing | |
| $17.13 | 25,027 | $428,787.59 | 9,212,252 | 2026-06-30 | Filing | |
| $17.23 | 273,871 | $4,720,139.30 | 9,237,279 | 2026-06-29 | Filing | |
| $16.39 | 6,657 | $109,078.94 | 232,457 | 2026-06-15 | Filing | |
| $16.38 | 3,328 | $54,525.29 | 239,114 | 2026-06-15 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 493 | $8,381 | 0% | |
| 2. | 327 | $5,559 | 0% |