InnovivaINVA

13F holders, Q1 2026 (March 31)
286holders +5
41new positions
34sold out
6famous investors
$23.29avg. 13F price*

At the end of Q1 2026, 286 institutions reported holding Innoviva Inc. (INVA) in their 13F filings, up 5 from Q4 2025. 41 opened new positions and 34 sold out. The largest holders were BlackRock, Inc. ($263.5M), Dimensional Fund Advisors LP ($103.4M) and Vanguard Portfolio Management LLC ($98.4M). 6 famous investors held it, including Jim Simons / Peter Brown (0.1% of Renaissance Technologies's portfolio), Israel Englander (0.0% of Millennium Management's portfolio) and Joel Greenblatt (0.0% of Gotham Asset Management's portfolio).

Company
Innoviva Inc.
CUSIP
45781M101
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300400 Q1 2024: 216Q1 2024Q2 2024: 213Q2 2024Q3 2024: 221Q3 2024Q4 2024: 235Q4 2024Q1 2025: 246Q1 2025Q2 2025: 266Q2 2025Q3 2025: 264Q3 2025Q4 2025: 281Q4 2025Q1 2026: 286Q1 2026Q2 2026: 309Q2 2026

Total Exit/New Position Q4 2025 → Q1 2026

InstitutionsTotal Value
New Positions41$37.0M
Exits34$25.1M

All 13F filers, Q4 2025 → Q1 2026: 7,457,612 shares bought and 6,905,948 shares sold, net +551,664 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 286 holders

BlackRock, Inc. 0.00% Add +5.9% 11,307,845 $263.5M
Dimensional Fund Advisors LP 0.02% Add +1.7% 4,436,427 $103.4M
Vanguard Portfolio Management LLC 0.01% — 4,224,951 $98.4M
Renaissance Technologies 0.15% Reduce -3.7% 4,055,632 $94.5M
Vanguard Capital Management LLC 0.00% — 3,141,581 $73.2M
State Street Corp. 0.00% Add +9.4% 3,060,377 $71.3M
Millennium Management 0.04% Add +41.5% 2,279,451 $53.1M
Sarissa Capital Management LP 31.50% Reduce -24.3% 2,130,950 $49.7M
Systematic Financial Management LP 1.08% Reduce -4.3% 2,024,082 $47.2M
Geode Capital Management, LLC 0.00% Add +10.1% 1,929,718 $45.0M
American Century Companies Inc. 0.02% Reduce -14.7% 1,910,021 $44.5M
Arrowstreet Capital, Limited Partnership 0.02% Reduce -19.9% 1,887,570 $44.0M
Boston Partners 0.04% Add +11.0% 1,718,867 $40.0M
Bank of America Corp. 0.00% Add +6.6% 1,619,994 $37.7M
Goldman Sachs Group Inc. 0.00% Add +42.0% 1,593,383 $37.1M
Marshall Wace, LLP 0.04% Add +8.1% 1,504,411 $35.1M
Two Sigma Investments, LP 0.03% Add +76.7% 1,484,264 $34.6M
Morgan Stanley 0.00% Reduce -7.6% 1,310,750 $30.5M
Charles Schwab Investment Management Inc. 0.00% Add +14.0% 1,163,713 $27.1M
Royce & Associates LP 0.24% Add +15.3% 1,061,448 $24.7M
Deutsche Bank AG 0.01% Add +6.8% 908,067 $21.2M
Invesco Ltd. 0.00% Add +8.6% 904,282 $21.1M
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% Add +28.0% 892,336 $20.8M
Qube Research & Technologies Ltd 0.03% Reduce -35.3% 786,107 $18.3M
Northern Trust Corp. 0.00% Add +10.9% 774,303 $18.0M
Man Group plc 0.04% Reduce -12.4% 744,791 $17.4M
Nuveen, LLC 0.00% Reduce -4.2% 620,482 $14.5M
William Blair Investment Management, LLC 0.04% New 574,825 $13.4M
Victory Capital Management Inc. 0.01% Add +42.2% 523,415 $12.2M
Allianz Asset Management GmbH 0.01% Add +54.0% 519,017 $12.1M
AQR Capital Management 0.01% Add +33.6% 495,841 $11.6M
Vanguard Fiduciary Trust Co. 0.00% — 493,373 $11.5M
Bank of New York Mellon Corp 0.00% Add +1.3% 489,497 $11.4M
Russell Investments Group, Ltd. 0.01% Add +8.4% 469,519 $10.9M
Assenagon Asset Management S.A. 0.02% No change 444,222 $10.4M
UBS Group AG 0.00% Reduce -14.0% 437,093 $10.2M
Barclays PLC 0.00% Reduce -26.8% 430,879 $10.0M
Principal Financial Group Inc. 0.01% Add +23.5% 418,731 $9.8M
Pacer Advisors, Inc. 0.02% Reduce -5.7% 359,658 $8.4M
JPMorgan Chase & Co. 0.00% Add +134.0% 350,571 $8.0M
Balyasny Asset Management L.P. 0.02% Add +31.9% 322,009 $7.5M
First Trust Advisors LP 0.00% Add +134.6% 278,340 $6.5M
CX Institutional 0.20% New 277,532 $6.5M
Franklin Resources Inc. 0.00% Reduce -81.5% 257,607 $6.0M
Public Sector Pension Investment Board 0.02% Add +3.4% 254,164 $5.9M
D. E. Shaw & Co. 0.00% Reduce -33.0% 248,819 $5.8M
Voloridge Investment Management, LLC 0.02% Reduce -51.4% 234,359 $5.5M
Uniplan Investment Counsel, Inc. 0.57% Add +4.5% 229,338 $5.3M
Assetmark, Inc. 0.01% Add +10.7% 205,072 $4.8M
Teacher Retirement System of Texas 0.02% New 200,082 $4.7M
Rhumbline Advisers 0.00% Add +0.3% 199,898 $4.7M
Ameriprise Financial Inc. 0.00% Add +33.0% 192,799 $4.5M
Legal & General Group Plc 0.00% Reduce -1.8% 187,122 $4.4M
Citadel Advisors 0.00% Reduce -1.3% 176,077 $4.1M
Empowered Funds, LLC 0.03% Add +125.2% 168,055 $3.9M
Integrated Wealth Concepts LLC 0.03% Reduce -10.1% 165,214 $3.8M
Intech Investment Management LLC 0.04% Reduce -25.9% 163,301 $3.8M
Exchange Traded Concepts, LLC 0.03% Reduce -6.2% 161,248 $3.8M
Hussman Strategic Advisors, Inc. 0.74% Add +40.0% 147,000 $3.4M
Nomura Holdings Inc. 0.03% Reduce -41.6% 144,087 $3.4M
Swiss National Bank 0.00% Add +19.0% 140,500 $3.3M
Prudential Financial Inc. 0.00% Add +0.5% 136,417 $3.2M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Add +8.6% 134,571 $3.1M
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% Add +0.2% 134,239 $3.1M
Edgestream Partners, L.P. 0.10% New 132,225 $3.1M
Sei Investments Co. 0.00% Add +50.7% 131,205 $3.1M
Martingale Asset Management L P 0.07% Add +17.3% 125,693 $2.9M
Dauntless Investment Group, LLC 8.02% Add +2109.8% 122,402 $2.9M
Gotham Asset Management 0.01% Reduce -6.0% 121,799 $2.8M
Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% Reduce -33.6% 115,021 $2.7M
HSBC Holdings PLC 0.00% Reduce -68.6% 101,608 $2.4M
QRG Capital Management, Inc. 0.02% Add +27.1% 101,311 $2.4M
T. Rowe Price Associates Inc. 0.00% Add +21.7% 93,940 $2.2M
O'shaughnessy Asset Management, LLC 0.01% Reduce -1.3% 90,133 $2.1M
Janney Montgomery Scott LLC 0.01% Add +20.0% 90,000 $2.1M
Orion Porfolio Solutions, LLC 0.02% Reduce -14.4% 89,973 $2.1M
Oliver Luxxe Assets LLC 0.30% Add +0.3% 84,960 $2.0M
Freestone Grove Partners LP 0.01% Reduce -10.7% 81,846 $1.9M
Creative Planning 0.00% Add +13.8% 79,770 $1.9M
KLP Kapitalforvaltning As 0.01% Add +4.0% 78,500 $1.8M
James Investment Research, Inc. 0.20% Add +0.1% 77,227 $1.8M
NewEdge Wealth, LLC 0.02% Add +53.0% 77,134 $1.8M
BNP Paribas Financial Markets 0.00% Reduce -9.6% 76,514 $1.8M
Synergy Asset Management, LLC 0.19% Add +2.7% 76,340 $1.8M
California State Teachers Retirement System 0.00% Add +42.2% 74,468 $1.7M
Susquehanna Portfolio Strategies, LLC 0.02% Reduce -44.2% 71,995 $1.7M
Chase Investment Counsel Corp. 0.43% No change 70,000 $1.6M
Jennison Associates LLC 0.00% Add +50.4% 69,767 $1.6M
LSV Asset Management 0.00% Add +19.5% 69,323 $1.6M
Alliancebernstein L.P. 0.00% Add +21.0% 80,651 $1.6M
FMR LLC 0.00% Add +136.7% 68,730 $1.6M
Healthcare of Ontario Pension Plan Trust Fund 0.00% Reduce -79.4% 68,000 $1.6M
VANGUARD ASSET MANAGEMENT, Ltd 0.00% — 62,555 $1.5M
Algert Global LLC 0.02% Reduce -48.7% 60,480 $1.4M
CANADA LIFE ASSURANCE Co 0.00% Reduce -6.3% 59,514 $1.4M
Aquatic Capital Management LLC 0.04% New 56,913 $1.3M
New York State Teachers Retirement System 0.00% Reduce -1.6% 54,867 $1.3M
Los Angeles Capital Management LLC 0.00% Reduce -78.8% 53,533 $1.2M
Ritholtz Wealth Management 0.02% Reduce -1.5% 53,180 $1.2M
HRT Financial LP 0.00% New 53,136 $1.2M
State of Alaska, Department of Revenue 0.01% Reduce -1.8% 50,639 $1.2M
Thrivent Financial for Lutherans 0.00% Reduce -2.9% 47,411 $1.1M
Canada Pension Plan Investment Board 0.00% Reduce -16.9% 46,600 $1.1M
Cetera Investment Advisers 0.00% Add +34.1% 45,340 $1.1M
Horizon Investments, LLC 0.01% Add +6.9% 44,461 $1.0M
Susquehanna International Group, LLP 0.00% Add +14.0% 43,214 $1.0M
Segall Bryant & Hamill, LLC 0.01% Reduce -0.3% 40,233 $937K
MetLife Investment Management, LLC 0.00% Add +7.2% 39,907 $930K
Quantbot Technologies LP 0.04% Add +213.4% 39,407 $918K
Illinois Municipal Retirement Fund 0.01% Add +8.9% 36,990 $862K
Mercer Global Advisors Inc. 0.00% Add +39.4% 36,317 $846K
HighTower Advisors, LLC 0.00% Add +36.2% 35,595 $829K
Kendall Capital Management 0.17% Add +13.5% 35,285 $822K
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Add +20.3% 35,182 $820K
NewEdge Advisors, LLC 0.00% Reduce -9.3% 32,647 $761K
Envestnet Asset Management Inc. 0.00% Add +184.2% 32,470 $757K
Manufacturers Life Insurance Company, The 0.00% Add +7.5% 31,971 $745K
Citigroup Inc. 0.00% Reduce -40.7% 31,732 $739K
Louisiana State Employees Retirement System 0.01% Reduce -3.1% 31,500 $734K
Ieq Capital, LLC 0.00% Add +5.5% 31,487 $734K
Engineers Gate Manager LP 0.01% Reduce -58.2% 31,469 $733K
Quantinno Capital Management LP 0.00% Add +30.0% 31,013 $723K
Vanguard Global Advisers, LLC 0.00% — 30,858 $719K
State of Wisconsin Investment Board 0.00% Add +4.5% 30,405 $708K
Vident Advisory, LLC 0.01% Add +0.4% 28,388 $661K
MML Investors Services, LLC 0.00% Reduce -3.7% 28,324 $660K
Janus Henderson Group PLC 0.00% No change 27,858 $649K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% Add +48.8% 27,729 $646K
Wells Fargo & Company 0.00% Reduce -60.8% 27,558 $642K
Virtus Advisers, LLC 0.30% No change 26,946 $628K
Morningstar Investment Management LLC 0.04% Reduce -39.6% 25,889 $603K
Wellington Management Group LLP 0.00% Reduce -6.8% 25,454 $593K
Fox Run Management, L.L.C. 0.10% Reduce -58.2% 25,798 $591K
Magnetar Financial LLC 0.01% Add +14.1% 24,774 $577K
Cerity Partners LLC 0.00% Add +77.7% 24,327 $567K
State of New Jersey Common Pension Fund D 0.00% New 24,275 $566K
Quadrant Capital Group LLC 0.02% Add +3.0% 24,228 $565K
Bridgeway Capital Management, LLC 0.01% Reduce -76.6% 24,188 $564K
Summit Global Investments 0.03% New 23,626 $550K
denkapparat Operations GmbH 0.23% No change 23,428 $546K
Alps Advisors Inc. 0.00% New 22,480 $524K
Oppenheimer & Co. Inc. 0.01% New 22,369 $521K
Amundi 0.00% Reduce -53.1% 21,940 $511K
Oak Associates Ltd. 0.03% New 20,450 $476K
Watershed Asset Management, L.L.C. 0.49% Reduce -11.9% 20,366 $475K
Bokf, NA 0.01% Reduce -10.9% 20,328 $474K
Amalgamated Bank 0.00% Reduce -1.0% 20,194 $471K
New York State Common Retirement Fund 0.00% Reduce -30.3% 19,992 $466K
Arizona State Retirement System 0.00% Add +16.9% 19,510 $455K
Police & Firemen's Retirement System of New Jersey 0.00% Add +11.7% 19,499 $454K
Dark Forest Capital Management LP 0.04% Add +56.4% 19,436 $453K
Yousif Capital Management, LLC 0.01% Reduce -1.1% 19,283 $449K
Vanguard Investments Australia, Ltd. 0.00% — 19,001 $443K
PNC Financial Services Group, Inc. 0.00% Reduce -11.6% 18,636 $434K
Tidal Investments LLC 0.00% Add +5.7% 18,253 $425K
State Board of Administration of Florida Retirement System 0.00% No change 17,702 $412K
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.00% Reduce -0.1% 17,565 $409K
Natixis Advisors, LLC 0.00% Add +45.9% 17,152 $400K
Fifth Third Bancorp 0.00% Add +2643.6% 17,038 $397K
Oregon Public Employees Retirement Fund 0.01% No change 16,207 $378K
nVerses Capital, LLC 0.34% New 15,888 $370K
Bank of Montreal 0.00% Add +5.5% 15,560 $363K
Vise Technologies, Inc. 0.01% No change 18,044 $361K
Mariner, LLC 0.00% Add +32.1% 15,408 $359K
Teachers Retirement System of the State of Kentucky 0.00% No change 15,182 $354K
Public Employees Retirement Association of Colorado 0.00% No change 15,034 $350K
ProShare Advisors LLC 0.00% Reduce -4.5% 14,942 $348K
Glenmede Trust Co. NA 0.00% Reduce -13.9% 14,560 $339K
Wealth Enhancement Advisory Services, LLC 0.00% New 14,437 $332K
Sterling Capital Management LLC 0.01% Reduce -35.6% 14,243 $332K
Cwm, LLC 0.00% Add +55.6% 14,060 $328K
Profund Advisors LLC 0.01% Reduce -20.7% 13,791 $321K
Aviva PLC 0.00% New 13,298 $310K
State of Wyoming 0.04% Add +26.5% 13,193 $307K
China Universal Asset Management Co., Ltd. 0.02% Add +7.9% 13,145 $306K
New Vernon Capital Holdings II LLC 0.23% No change 13,122 $306K
Ballentine Partners, LLC 0.00% Reduce -17.8% 12,967 $302K
Integrated Advisors Network LLC 0.02% Add +0.2% 12,517 $292K
State of Tennessee, Department of Treasury 0.00% No change 12,516 $292K
Vanguard Personalized Indexing Management, LLC 0.00% New 11,741 $274K
Crossmark Global Holdings, Inc. 0.00% Reduce -0.2% 11,667 $272K
Guggenheim Capital LLC 0.00% New 11,636 $271K
Pictet Asset Management Holding SA 0.00% New 11,162 $260K
SG Americas Securities, LLC 0.00% Reduce -78.2% 11,160 $260K
Voya Investment Management LLC 0.00% Reduce -1.9% 11,059 $258K
Financiere des Professionnels - Fonds d'investissement inc. 0.02% New 11,028 $257K
Evergreen Capital Management LLC 0.01% Add +2.6% 11,026 $257K
Bailard, Inc. 0.01% No change 10,933 $255K
Brevan Howard Capital Management LP 0.00% New 10,778 $251K
Dynamic Technology Lab Private Ltd 0.04% New 10,710 $250K
Cornerstone Investment Partners, LLC 0.01% New 10,434 $243K
iSAM Funds (UK) Ltd 0.12% New 10,323 $241K
Maryland State Retirement & Pension System 0.00% No change 10,260 $239K
Acadian Asset Management LLC 0.00% Reduce -68.8% 10,249 $237K
Royal Bank of Canada 0.00% Reduce -5.8% 10,061 $235K
Neuberger Berman Group LLC 0.00% New 9,876 $230K
GRIMES & Co WEALTH MANAGEMENT, LLC 0.01% Reduce -14.5% 9,869 $230K
Headlands Technologies LLC 0.03% New 9,856 $230K
Journey Strategic Wealth LLC 0.01% New 9,755 $227K
Sequoia Financial Advisors, LLC 0.00% New 9,652 $225K
Hohimer Wealth Management, LLC 0.03% Reduce -20.0% 9,462 $220K
Praxis Investment Management Inc. 0.01% Reduce -17.6% 9,029 $210K
Envestnet Portfolio Solutions, Inc. 0.00% New 8,881 $207K
Farther Finance Advisors, LLC 0.00% Reduce -6.7% 8,713 $204K
Ensign Peak Advisors, Inc 0.00% Add +45.2% 8,350 $195K
Lion Point Capital, LP 1.14% No change 8,200 $191K
GAMMA Investing LLC 0.01% Add +11.3% 6,483 $151K
Vestcor Inc 0.00% No change 6,309 $147K
Ameritas Investment Partners, Inc. 0.00% Add +16.7% 6,137 $143K
Tower Research Capital LLC (TRC) 0.00% Add +330.8% 5,674 $132K
Pinnacle Wealth Planning Services, Inc. 0.01% Add +3.7% 4,360 $102K
Signaturefd, LLC 0.00% Add +0.1% 4,129 $96K
Mirae Asset Global Investments Co., Ltd. 0.00% Add +6.4% 3,864 $90K
Hantz Financial Services, Inc. 0.00% Reduce -6.2% 3,618 $84K
Osaic Holdings, Inc. 0.00% Add +2.2% 3,013 $70K
KBC Group NV 0.00% No change 2,260 $53K
Jones Financial Companies LLLP 0.00% Add +5941.2% 2,054 $47K
GF Fund Management Co. LTD. 0.00% Add +14.4% 1,679 $39K
Mather Group, Llc. 0.00% New 1,500 $35K
Allworth Financial LP 0.00% Add +29.4% 1,300 $30K
Public Employees Retirement System of Ohio 0.00% Reduce -2.2% 1,263 $29K
Parallel Advisors, LLC 0.00% Add +82.8% 1,179 $27K
MassMutual Private Wealth & Trust, FSB 0.00% Reduce -4.5% 1,051 $24K
Bessemer Group Inc. 0.00% Add +2.9% 984 $23K
Versant Capital Management, Inc 0.00% Add +77.8% 960 $22K
WealthCollab, LLC 0.01% Reduce -3.4% 946 $22K
EverSource Wealth Advisors, LLC 0.00% Reduce -0.6% 946 $22K
Nisa Investment Advisors, LLC 0.00% Add +18.1% 888 $21K
Westside Investment Management, Inc. 0.00% No change 888 $20K
US Bancorp \de 0.00% Add +2.6% 795 $19K
TD Private Client Wealth LLC 0.00% Add +5.4% 743 $17K
Whittier Trust Co. 0.00% No change 741 $17K
MAI Capital Management 0.00% Add +63.2% 674 $16K
AdvisorNet Financial, Inc 0.00% Add +28.9% 580 $14K
Arax Advisory Partners 0.00% Reduce -7.0% 567 $13K
Harbor Capital Advisors, Inc. 0.00% Add +10.7% 456 $11K
Smartleaf Asset Management LLC 0.00% Reduce -72.4% 479 $11K
Costello Asset Management, INC 0.00% No change 400 $9K
UMB Bank, n.a. 0.00% Add +12.2% 397 $9K
Covestor Ltd 0.01% Reduce -26.5% 382 $9K
Essential Partners LLC 0.00% No change 373 $9K
Salomon & Ludwin, LLC 0.00% Reduce -4.5% 378 $9K
Advisory Services Network, LLC 0.00% New 317 $7K
Root Financial Partners, LLC 0.00% New 305 $7K
Danske Bank A/S 0.00% Reduce -90.0% 300 $7K
Sound Income Strategies, LLC 0.00% No change 271 $6K
Ancora Advisors LLC 0.00% No change 241 $6K
Huntington National Bank 0.00% Reduce -13.9% 230 $5K
Manning & Napier Advisors LLC 0.00% Reduce -64.6% 210 $5K
Legacy Wealth Managment, LLC 0.00% No change 205 $5K
Pacific Center for Financial Services 0.00% No change 200 $5K
Rothschild Investment LLC 0.00% Add +87.1% 189 $4K
Twin Peaks Wealth Advisors, LLC 0.00% New 185 $4K
Aster Capital Management (DIFC) Ltd 0.00% New 230 $4K
Cornerstone Planning Group LLC 0.00% Add +1207.1% 183 $4K
Kilter Group LLC 0.00% Add +2.7% 151 $4K
Parkside Financial Bank & Trust 0.00% Add +6.5% 132 $3K
Medallion Wealth Advisors, LLC 0.00% No change 112 $3K
Valued Wealth Advisors LLC 0.00% New 105 $2K
Rockefeller Capital Management L.P. 0.00% Add +197.0% 98 $2K
Northwestern Mutual Wealth Management Co. 0.00% No change 90 $2K
Keating Financial Advisory Services, Inc. 0.00% New 89 $2K
Optiver Holding B.V. 0.00% Reduce -31.1% 84 $2K
Godfrey Financial Associates, Inc. 0.00% No change 78 $2K
CBIZ Investment Advisory Services, LLC 0.00% No change 76 $2K
JPL Wealth Management, LLC 0.00% New 72 $2K
Picton Mahoney Asset Management 0.00% No change 57 $1K
Physician Wealth Advisors, Inc. 0.00% Add +93.1% 56 $1K
Nova Wealth Management, Inc. 0.00% No change 50 $1K
Private Wealth Management Group, LLC 0.00% No change 49 $1K
IFP Advisors, Inc 0.00% Reduce -43.6% 44 $1K
Capital Advisors, Ltd. LLC 0.00% Add +10.5% 42 $1K
Farmers & Merchants Investments Inc. 0.00% No change 33 $769
Financial Network Wealth Advisors LLC 0.00% New 29 $676
Elequin Capital, LP 0.00% Reduce -59.7% 27 $629
Bare Financial Services, Inc 0.00% Reduce -48.1% 27 $629
Ankerstar Wealth, LLC 0.00% Add +88.9% 17 $396
Intentional Wealth Strategies, LLC 0.00% — 16 $373
International Assets Investment Management, LLC 0.00% New 13 $304
SJS Investment Consulting Inc. 0.00% New 12 $280
Gilpin Wealth Management, LLC 0.00% Add +83.3% 11 $257
GHP Investment Advisors, Inc. 0.00% New 4 $94
Hughes Financial Services, LLC 0.00% New 2 $47
Dunhill Financial, LLC 0.00% No change 1 $26
Cedar Mountain Advisors, LLC 0.00% New 1 $23
Avion Wealth 0.00% No change 34 $0

"% of holder's portfolio" is INVA's weight in each manager's 13F, not the share of Innoviva Inc. the manager owns.