Terns Pharmaceuticals, Inc.
TERNDelisted- Industry
- Pharmaceutical Preparations
- SEC CIK
- 0001831363
Terns Pharmaceuticals, Inc. was delisted in 2026; its insiders filed their last Form 4 on May 5, 2026; 317 institutions reported holding it in 13F filings for Q1 2026, worth $6.56B in total; Soros Fund Management was the only superinvestor holding it.
13F holders, Q1 2026
Institutional positions in Terns Pharmaceuticals, Inc. as of Mar 31, 2026. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
TERN is no longer listed, so this page shows Q1 2026. 13F filings for later quarters list far fewer holders.
- Institutional holders
- 317
- +76 vs. Q4 2025
- Shares held
- 124.8M
- +11.2M (+9.8%) vs. Q4 2025
- Total value
- $6.56B
- +$1.97B (+43.0%) vs. Q4 2025
- New holders
- 131
- 115 more added
- Sold out
- 55
- 55 more reduced
7 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting TERN on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 2 | $659.7K |
| Q1 2026 | 317 | $6.56B |
| Q4 2025 | 248 | $4.95B |
| Q3 2025 | 141 | $670.8M |
| Q2 2025 | 130 | $310.7M |
| Q1 2025 | 139 | $229.6M |
| Q4 2024 | 157 | $477.2M |
| Q3 2024 | 156 | $663.6M |
| Q2 2024 | 126 | $447.7M |
| Q1 2024 | 112 | $425.3M |
| Q4 2023 | 103 | $425.3M |
| Q3 2023 | 93 | $310.4M |
| Q2 2023 | 103 | $505.1M |
| Q1 2023 | 79 | $720.7M |
| Q4 2022 | 65 | $506.2M |
| Q3 2022 | 45 | $178.1M |
| Q2 2022 | 42 | $36.6M |
| Q1 2022 | 44 | $50.0M |
| Q4 2021 | 37 | $116.7M |
| Q3 2021 | 34 | $174.3M |
| Q2 2021 | 36 | $203.8M |
| Q1 2021 | 42 | $393.7M |
Institutions, Q1 2026
Shares, value and share of portfolio for each institution holding Terns Pharmaceuticals, Inc.; share changes are against Q4 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 9,569,585 | $504.5M | 0.01% | +1,375,367+16.8% | Added |
| Morgan Stanley | 6,449,140 | $340.0M | 0.02% | −1,496,468−18.8% | Reduced |
| Avoro Capital Advisors LLC | 5,695,000 | $300.2M | 2.96% | +1,345,000+30.9% | Added |
| Vanguard Capital Management LLC | 4,355,482 | $229.6M | 0.01% | +4,355,482 | New |
| Holocene Advisors, LP | 4,115,828 | $217.0M | 0.53% | +1,340,335+48.3% | Added |
| Citadel Advisors LLC | 3,218,810 | $169.7M | 0.12% | +52,168+1.6% | Added |
| Millennium Management LLC | 3,011,558 | $158.8M | 0.12% | +2,024,252+205.0% | Added |
| HBK Investments L P | 2,950,000 | $155.5M | 1.96% | +2,950,000 | New |
| JPMorgan Chase & Co | 2,869,728 | $151.8M | 0.01% | +1,096,702+61.9% | Added |
| Lord, Abbett & Co. LLC | 2,812,938 | $148.3M | 0.48% | +100,539+3.7% | Added |
| Balyasny Asset Management LLC | 2,779,445 | $146.5M | 0.29% | +1,887,542+211.6% | Added |
| Franklin Resources Inc | 2,409,019 | $127.0M | 0.03% | −322,293−11.8% | Reduced |
| Geode Capital Management, LLC | 2,316,544 | $122.2M | 0.01% | +219,902+10.5% | Added |
| Glazer Capital, LLC | 2,295,498 | $121.0M | 2.57% | +2,295,498 | New |
| Paradigm Biocapital Advisors LP | 2,216,499 | $116.9M | 2.39% | +1,406,213+173.5% | Added |
| Nearwater Capital Markets, Ltd | 2,150,400 | $113.4M | 2.67% | +445,600+26.1% | Added |
| State Street Corp | 2,139,662 | $112.8M | 0.00% | +363,740+20.5% | Added |
| Adage Capital Partners GP, L.L.C. | 2,124,817 | $112.0M | 0.17% | −3,425,183−61.7% | Reduced |
| Capitolis Liquid Global Markets LLC | 1,975,800 | $104.2M | 0.66% | +1,975,800 | New |
| Acorn Capital Advisors, LLC | 1,746,264 | $92.1M | 26.17% | 00.0% | Unchanged |
| Pictet Asset Management Holding SA | 1,655,575 | $87.3M | 0.09% | +78,459+5.0% | Added |
| Logos Global Management LP | 1,500,000 | $79.1M | 4.07% | +750,000+100.0% | Added |
| Janus Henderson Group PLC | 1,470,057 | $77.5M | 0.04% | −1,909,512−56.5% | Reduced |
| Ikarian Capital, LLC | 1,456,378 | $76.8M | 10.98% | −140,000−8.8% | Reduced |
| Capital International Investors | 1,424,504 | $75.1M | 0.02% | +364,504+34.4% | Added |
| Vivo Capital, LLC | 1,334,418 | $70.4M | 5.85% | −4,012,510−75.0% | Reduced |
| Dimensional Fund Advisors LP | 1,247,845 | $65.8M | 0.01% | +820.0% | Added |
| UBS Group AG | 1,228,726 | $64.8M | 0.01% | +902,758+276.9% | Added |
| Goldman Sachs Group Inc | 1,106,961 | $58.4M | 0.01% | +43,977+4.1% | Added |
| Deep Track Capital, LP | 1,073,877 | $56.6M | 1.17% | +304,829+39.6% | Added |
| Whitebox Advisors LLC | 1,000,001 | $52.7M | 0.75% | +1,000,001 | New |
| Vestal Point Capital, LP | 1,000,000 | $52.7M | 1.47% | −3,500,000−77.8% | Reduced |
| Marshall Wace, LLP | 927,600 | $48.9M | 0.05% | +49,017+5.6% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 924,562 | $48.7M | 0.08% | −590,838−39.0% | Reduced |
| ADAR1 Capital Management, LLC | 914,699 | $48.2M | 2.90% | +373,084+68.9% | Added |
| Highland Capital Management Fund Advisors, L.P. | 904,200 | $47.7M | 3.33% | +904,200 | New |
| Vivaldi Asset Management, LLC | 904,161 | $47.7M | 2.50% | +904,161 | New |
| Fort Baker Capital Management LP | 822,000 | $43.3M | 3.84% | +822,000 | New |
| Bank of America Corp | 811,636 | $42.8M | 0.00% | +258,027+46.6% | Added |
| Northern Trust Corp | 805,236 | $42.5M | 0.01% | +140,792+21.2% | Added |
| Verition Fund Management LLC | 802,293 | $42.3M | 0.41% | +789,528+6,185.1% | Added |
| Alliancebernstein L.P. | 1,032,679 | $41.7M | 0.01% | −255,400−19.8% | Reduced |
| Toronto Dominion Bank | 781,800 | $41.2M | 0.08% | −619,002−44.2% | Reduced |
| Nuveen, LLC | 772,592 | $40.7M | 0.01% | −305,565−28.3% | Reduced |
| Charles Schwab Investment Management Inc | 747,377 | $39.4M | 0.01% | +10,217+1.4% | Added |
| Polar Asset Management Partners Inc. | 725,000 | $38.2M | 0.91% | +725,000 | New |
| Vanguard Portfolio Management LLC | 722,389 | $38.1M | 0.00% | +722,389 | New |
| Fiera Capital Corp | 711,326 | $37.5M | 0.13% | +711,326 | New |
| Barclays PLC | 669,601 | $35.3M | 0.01% | +498,415+291.2% | Added |
| Price T Rowe Associates Inc | 634,496 | $33.5M | 0.00% | −339,816−34.9% | Reduced |
| Candriam Luxembourg S.C.A. | 631,636 | $33.3M | 0.17% | −630,667−50.0% | Reduced |
| NEXTBio Capital Management LP | 604,534 | $31.9M | 14.80% | +53,344+9.7% | Added |
| Vanguard Fiduciary Trust Co | 573,997 | $30.3M | 0.01% | +573,997 | New |
| Affinity Asset Advisors, LLC | 562,631 | $29.7M | 1.74% | +12,631+2.3% | Added |
| Mariner, LLC | 557,361 | $29.4M | 0.03% | +15,309+2.8% | Added |
| Qube Research & Technologies Ltd | 537,884 | $28.4M | 0.04% | +530,220+6,918.3% | Added |
| Octagon Capital Advisors LP | 530,000 | $27.9M | 3.09% | +530,000 | New |
| Susquehanna International Group, LLP | 521,571 | $27.5M | 0.04% | +513,974+6,765.5% | Added |
| Jones Hill Capital LP | 521,237 | $27.5M | 5.89% | +521,237 | New |
| TIG Advisors, LLC | 511,191 | $26.9M | 1.29% | +511,191 | New |
| Melqart Asset Management (UK) Ltd | 507,187 | $26.7M | 2.64% | +507,187 | New |
| Jennison Associates LLC | 501,419 | $26.4M | 0.02% | +501,419 | New |
| Acuta Capital Partners, LLC | 495,772 | $26.1M | 18.59% | −141,323−22.2% | Reduced |
| Boothbay Fund Management, LLC | 486,170 | $25.6M | 0.59% | +39,162+8.8% | Added |
| Neuberger Berman Group LLC | 480,740 | $25.3M | 0.02% | +480,740 | New |
| Beryl Capital Management LLC | 478,755 | $25.2M | 23.23% | +478,755 | New |
| Samlyn Capital, LLC | 472,472 | $24.9M | 0.43% | −342,403−42.0% | Reduced |
| KVP Capital Advisors, LP | 440,000 | $23.2M | 17.32% | 00.0% | Unchanged |
| Slotnik Capital, LLC | 420,700 | $22.2M | 6.59% | +420,700 | New |
| Eagle Health Investments LP | 412,497 | $21.7M | 4.57% | +137,407+49.9% | Added |
| Catalio Capital Management, LP | 409,031 | $21.6M | 4.50% | +272,073+198.7% | Added |
| LMR Partners LLP | 400,000 | $21.1M | 0.19% | +400,000 | New |
| Connor, Clark & Lunn Investment Management Ltd. | 384,681 | $20.3M | 0.05% | +247,203+179.8% | Added |
| Sculptor Capital LP | 380,000 | $20.0M | 0.23% | +380,000 | New |
| Wellington Management Group LLP | 375,505 | $19.8M | 0.00% | −413,154−52.4% | Reduced |
| Boxer Capital Management, LLC | 375,000 | $19.8M | 2.60% | 00.0% | Unchanged |
| Maven Securities LTD | 375,000 | $19.8M | 1.15% | +345,000+1,150.0% | Added |
| Hudson Bay Capital Management LP | 360,878 | $19.0M | 0.11% | +279,844+345.3% | Added |
| First Turn Management, LLC | 326,694 | $17.2M | 1.92% | −545,355−62.5% | Reduced |
| Soros Fund Management LLCSuperinvestorSoros Fund Management | 321,905 | $17.0M | 0.23% | +321,905 | New |
| SummitTX Capital, L.P. | 312,181 | $16.5M | 0.53% | +96,327+44.6% | Added |
| Davidson Kempner Capital Management LP | 311,623 | $16.4M | 0.29% | +311,623 | New |
| Invesco Ltd. | 304,487 | $16.1M | 0.00% | −301,760−49.8% | Reduced |
| Atika Capital Management LLC | 300,000 | $15.8M | 2.50% | −21,165−6.6% | Reduced |
| Monashee Investment Management LLC | 300,000 | $15.8M | 8.60% | +102,687+52.0% | Added |
| Cormorant Asset Management, LP | 300,000 | $15.8M | 0.80% | +300,000 | New |
| Ensign Peak Advisors, Inc | 299,199 | $15.8M | 0.03% | +299,199 | New |
| FMR LLC | 295,622 | $15.6M | 0.00% | −731,241−71.2% | Reduced |
| Man Group plc | 284,931 | $15.0M | 0.03% | +284,931 | New |
| Bank of New York Mellon Corp | 281,667 | $14.8M | 0.00% | +23,105+8.9% | Added |
| Magnetar Financial LLC | 281,614 | $14.8M | 0.15% | +281,614 | New |
| Squarepoint Ops LLC | 275,350 | $14.5M | 0.03% | +250,183+994.1% | Added |
| Gabelli Funds LLC | 271,857 | $14.3M | 0.10% | +271,857 | New |
| Tudor Investment Corp Et Al | 267,520 | $14.1M | 0.08% | +194,274+265.2% | Added |
| Harvest Management LLC | 257,500 | $13.6M | 7.22% | +257,500 | New |
| Russell Investments Group, Ltd. | 244,898 | $12.9M | 0.01% | −2,129−0.9% | Reduced |
| Blackstone Group Inc. | 231,282 | $12.2M | 0.05% | −245,472−51.5% | Reduced |
| Absolute Gestao de Investimentos Ltda. | 230,000 | $12.1M | 1.39% | +230,000 | New |
| Gabelli & Co Investment Advisers, Inc. | 205,700 | $10.8M | 1.61% | +205,700 | New |
| Prosight Management, LP | 202,300 | $10.7M | 1.75% | +107,300+112.9% | Added |