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Terns Pharmaceuticals, Inc.

TERNDelisted May 5, 2026
Industry
Pharmaceutical Preparations
SEC CIK
0001831363

Terns Pharmaceuticals, Inc. was delisted on May 5, 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, Q4 2022

Institutional positions in Terns Pharmaceuticals, Inc. as of Dec 31, 2022. 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

Institutional holders
65
+20 vs. Q3 2022
Shares held
49.7M
+19.4M (+64.2%) vs. Q3 2022
Total value
$506.2M
+$328.1M (+184.2%) vs. Q3 2022
New holders
25
23 more added
Sold out
5
14 more reduced

Compare with Q3 2022: 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.

Institutional holdersQ4 2022: 65 institutions
Q1 2021: 42 institutionsQ2 2021: 36 institutionsQ3 2021: 34 institutionsQ4 2021: 37 institutionsQ1 2022: 44 institutionsQ2 2022: 42 institutionsQ3 2022: 45 institutionsQ4 2022: 65 institutionsQ1 2023: 79 institutionsQ2 2023: 103 institutionsQ3 2023: 93 institutionsQ4 2023: 103 institutionsQ1 2024: 112 institutionsQ2 2024: 126 institutionsQ3 2024: 156 institutionsQ4 2024: 157 institutionsQ1 2025: 138 institutionsQ2 2025: 130 institutionsQ3 2025: 141 institutionsQ4 2025: 248 institutionsQ1 2026: 317 institutionsQ2 2026: 1 institution
Value heldQ4 2022: $506.2M
Q1 2021: $393.7MQ2 2021: $203.8MQ3 2021: $174.3MQ4 2021: $116.7MQ1 2022: $50.0MQ2 2022: $36.5MQ3 2022: $178.1MQ4 2022: $506.2MQ1 2023: $630.2MQ2 2023: $505.0MQ3 2023: $310.4MQ4 2023: $412.7MQ1 2024: $414.8MQ2 2024: $446.7MQ3 2024: $663.1MQ4 2024: $477.2MQ1 2025: $229.4MQ2 2025: $310.0MQ3 2025: $665.7MQ4 2025: $4.95BQ1 2026: $6.56BQ2 2026: $75.4K
Institutions holding TERN and their total value by quarter
QuarterHoldersValue
Q2 20261$75.4K
Q1 2026317$6.56B
Q4 2025248$4.95B
Q3 2025141$665.7M
Q2 2025130$310.0M
Q1 2025138$229.4M
Q4 2024157$477.2M
Q3 2024156$663.1M
Q2 2024126$446.7M
Q1 2024112$414.8M
Q4 2023103$412.7M
Q3 202393$310.4M
Q2 2023103$505.0M
Q1 202379$630.2M
Q4 202265$506.2M
Q3 202245$178.1M
Q2 202242$36.5M
Q1 202244$50.0M
Q4 202137$116.7M
Q3 202134$174.3M
Q2 202136$203.8M
Q1 202142$393.7M

Institutions, Q4 2022

Shares, value and share of portfolio for each institution holding Terns Pharmaceuticals, Inc.; share changes are against Q3 2022.

Institutions holding TERN in Q4 2022
InstitutionSharesValue% of portfolioChange in sharesAction
OrbiMed Advisors LLC7,619,135$77.6M1.49%+137,931+1.8%Added
FMR LLC7,378,641$75.1M0.01%+7,277,002+7,159.7%Added
Vivo Capital, LLC6,657,992$67.8M8.21%+758,620+12.9%Added
VR Adviser, LLC3,707,891$37.7M6.36%00.0%Unchanged
Suvretta Capital Management, LLC3,448,275$35.1M1.47%+3,448,275New
Deerfield Management Company, L.P. (Series C)2,851,287$29.0M0.60%+991,287+53.3%Added
Driehaus Capital Management LLC2,294,376$23.4M0.35%+696,447+43.6%Added
Fairmount Funds Management LLC2,040,000$20.8M3.29%−10,000−0.5%Reduced
Millennium Management LLC1,457,205$14.8M0.02%+1,074,492+280.8%Added
JPMorgan Chase & Co1,207,151$12.3M0.00%+288,109+31.3%Added
Vanguard Group Inc1,126,036$11.5M0.00%+506,904+81.9%Added
Acuta Capital Partners, LLC1,100,000$11.2M6.89%+749,298+213.7%Added
RTW Investments, LP1,000,000$10.2M0.21%+1,000,000New
Franklin Resources Inc750,024$7.64M0.00%+750,024New
Ikarian Capital, LLC737,319$7.51M3.11%−166,800−18.4%Reduced
Decheng Capital Management III (Cayman), LLC714,285$7.27M2.72%00.0%Unchanged
Silverarc Capital Management, LLC700,000$7.13M2.45%+685,527+4,736.6%Added
Pura Vida Investments, LLC605,079$6.16M1.03%−123,521−17.0%Reduced
Armistice Capital, LLC560,000$5.70M0.15%−40,000−6.7%Reduced
Barclays PLC516,739$5.26M0.00%−142,359−21.6%Reduced
Citadel Advisors LLC515,797$5.25M0.01%+515,797New
BlackRock Inc.299,438$3.05M0.00%+13,145+4.6%Added
Point72 Asset Management, L.P.233,500$2.38M0.01%+233,500New
Samsara BioCapital, LLC202,348$2.06M0.44%−86,720−30.0%Reduced
Bank of Montreal194,100$1.98M0.00%+194,100New
Geode Capital Management, LLC177,648$1.81M0.00%+8,800+5.2%Added
Endurant Capital Management LP135,994$1.38M0.56%+135,994New
EAM Investors, LLC128,186$1.30M0.27%+128,186New
Boothbay Fund Management, LLC125,882$1.28M0.04%−9,837−7.2%Reduced
Monashee Investment Management LLC122,500$1.25M0.54%+122,500New
Renaissance Technologies LLC114,900$1.17M0.00%−37,300−24.5%Reduced
Polar Asset Management Partners Inc.100,000$1.02M0.01%+100,000New
Dimensional Fund Advisors LP98,940$1.01M0.00%+65,628+197.0%Added
Bridgeway Capital Management, LLC92,700$943.7K0.02%+23,200+33.4%Added
HighVista Strategies LLC77,344$787.4K0.47%00.0%Unchanged
Walleye Capital LLC73,611$749.4K0.02%+61,487+507.2%Added
Altium Capital Management LP70,000$712.6K0.36%+70,000New
State Street Corp59,537$606.1K0.00%+17,500+41.6%Added
Citigroup Inc46,048$468.8K0.00%+45,347+6,468.9%Added
Susquehanna International Group, LLP38,102$387.9K0.00%+38,102New
Marshall Wace, LLP36,081$367.3K0.00%+36,081New
HRT Financial LP35,090$357.0K0.01%+35,090New
Northern Trust Corp31,593$321.6K0.00%+10,089+46.9%Added
683 Capital Management, LLC28,000$285.0K0.03%+28,000New
Alps Advisors Inc25,525$259.8K0.00%+25,525New
Acadian Asset Management LLC22,599$229.0K0.00%+9,972+79.0%Added
Jane Street Group, LLC21,507$218.9K0.00%+8,252+62.3%Added
Caas Capital Management LP20,000$203.6K0.04%−65,851−76.7%Reduced
Morgan Stanley18,058$183.8K0.00%+10,815+149.3%Added
Dynamic Technology Lab Private Ltd15,709$160.0K0.02%+15,709New
Crosspoint Financial, LLC15,054$153.3K1.69%+15,054New
Man Group plc13,763$140.1K0.00%+13,763New
Raymond James & Associates12,488$127.1K0.00%+12,488New
Goldman Sachs Group Inc10,830$110.2K0.00%−1,086−9.1%Reduced
Velan Capital Investment Management LP10,646$108.4K0.12%+10,646New
Qube Research & Technologies Ltd10,545$107.3K0.00%−264−2.4%Reduced
Tower Research Capital LLC (TRC)5,539$57.0K0.00%−1,062−16.1%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)5,050$51.4K0.00%+5,050New
Cubist Systematic Strategies, LLC4,865$49.5K0.00%+4,865New
Bank of America Corp1,815$18.5K0.00%−5,911−76.5%Reduced
China Universal Asset Management Co., Ltd.383$3.90K0.00%+30+8.5%Added
Capital Advisors, Ltd. LLC188$2.00K0.00%−12−6.0%Reduced
Royal Bank of Canada182$2.00K0.00%+182New
Daiwa Securities Group Inc.151$2.00K0.00%+151New
Wells Fargo & Company126$1.28K0.00%+4+3.3%Added
Commodore Capital LP0$00.00%−205,870−100.0%Sold out
Raymond James Financial Services Advisors, Inc.0$00.00%−20,830−100.0%Sold out
Charles Schwab Investment Management Inc0$00.00%−12,408−100.0%Sold out
Prelude Capital Management, LLC0$00.00%−10,945−100.0%Sold out
UBS Group AG0$00.00%−3,667−100.0%Sold out