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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 2023

Institutional positions in Terns Pharmaceuticals, Inc. as of Dec 31, 2023. 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
103
+11 vs. Q3 2023
Shares held
63.6M
+2.59M (+4.2%) vs. Q3 2023
Total value
$412.7M
+$105.9M (+34.5%) vs. Q3 2023
New holders
26
33 more added
Sold out
15
22 more reduced

1 institution that held it in Q3 2023 haven't filed for Q4 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2023: 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 2023: 103 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 2023: $412.7M
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 2023

Shares, value and share of portfolio for each institution holding Terns Pharmaceuticals, Inc.; share changes are against Q3 2023.

Institutions holding TERN in Q4 2023
InstitutionSharesValue% of portfolioChange in sharesAction
OrbiMed Advisors LLC7,619,135$49.4M0.99%00.0%Unchanged
Vivo Capital, LLC6,657,992$43.2M3.54%00.0%Unchanged
Deep Track Capital, LP6,100,000$39.6M1.39%+100,000+1.7%Added
Suvretta Capital Management, LLC5,837,126$37.9M1.73%−204,784−3.4%Reduced
VR Adviser, LLC4,497,117$29.2M2.00%+1,404,844+45.4%Added
BlackRock Inc.3,408,978$22.1M0.00%+244,163+7.7%Added
FMR LLC2,990,402$19.4M0.00%−2,127,648−41.6%Reduced
Braidwell LP2,318,050$15.0M0.55%−522,002−18.4%Reduced
Franklin Resources Inc2,307,834$15.0M0.01%+159,013+7.4%Added
Vanguard Group Inc2,187,471$14.2M0.00%−14,643−0.7%Reduced
Fairmount Funds Management LLC2,040,000$13.2M1.40%00.0%Unchanged
Millennium Management LLC1,988,641$12.9M0.01%+374,080+23.2%Added
Morgan Stanley1,724,706$11.2M0.00%+726,946+72.9%Added
Janus Henderson Group PLC1,424,763$9.25M0.01%+1,424,763New
Great Point Partners LLC1,309,975$8.50M1.45%+664,076+102.8%Added
Driehaus Capital Management LLC1,130,052$7.33M0.09%−487,868−30.2%Reduced
Perceptive Advisors LLC1,075,000$6.98M0.16%00.0%Unchanged
Adage Capital Partners GP, L.L.C.1,050,000$6.81M0.01%+950,000+950.0%Added
State Street Corp886,879$5.76M0.00%+8,680+1.0%Added
Geode Capital Management, LLC840,459$5.46M0.00%+52,344+6.6%Added
Decheng Capital LLC714,285$4.64M1.30%+714,285New
Acuta Capital Partners, LLC555,260$3.60M2.03%00.0%Unchanged
Silverarc Capital Management, LLC516,999$3.36M1.03%+16,999+3.4%Added
Norges Bank426,700$2.77M0.00%00.0%Unchanged
Schonfeld Strategic Advisors LLC407,858$2.65M0.02%+316,450+346.2%Added
Northern Trust Corp358,504$2.33M0.00%+10,184+2.9%Added
Russell Investments Group, Ltd.277,741$1.80M0.00%+277,741New
JPMorgan Chase & Co218,201$1.42M0.00%−64,934−22.9%Reduced
Samsara BioCapital, LLC202,348$1.31M0.20%00.0%Unchanged
Ikarian Capital, LLC165,480$1.07M0.29%00.0%Unchanged
Nuveen Asset Management, LLC156,632$1.02M0.00%+37,952+32.0%Added
HighVista Strategies LLC148,200$961.8K0.35%00.0%Unchanged
MYDA Advisors LLC142,383$924.1K0.41%+142,383New
Bank of New York Mellon Corp120,085$779.4K0.00%−8,939−6.9%Reduced
Charles Schwab Investment Management Inc114,609$743.8K0.00%00.0%Unchanged
UBS Group AG108,475$704.0K0.00%+86,931+403.5%Added
Goldman Sachs Group Inc85,591$555.5K0.00%−173,705−67.0%Reduced
Barclays PLC84,582$548.9K0.00%+30,255+55.7%Added
Dimensional Fund Advisors LP77,825$505.7K0.00%−10,887−12.3%Reduced
Atom Investors LP74,086$480.8K0.08%−26,632−26.4%Reduced
Swiss National Bank67,900$440.7K0.00%00.0%Unchanged
Affinity Asset Advisors, LLC66,000$428.3K0.09%−259,000−79.7%Reduced
Jane Street Group, LLC64,453$418.3K0.00%+64,453New
Susquehanna International Group, LLP62,444$405.3K0.00%+23,338+59.7%Added
Bank of America Corp58,816$381.7K0.00%+30,993+111.4%Added
Rhumbline Advisers57,563$373.6K0.00%−1,566−2.6%Reduced
Pale Fire Capital SE49,014$318.1K0.05%+33,812+222.4%Added
ExodusPoint Capital Management, LP47,540$309.0K0.00%+47,540New
Mirae Asset Global Investments Co., Ltd.40,679$264.0K0.00%+108+0.3%Added
California State Teachers Retirement System36,994$240.1K0.00%−110.0%Reduced
Citadel Advisors LLC34,640$224.8K0.00%−41,102−54.3%Reduced
Credit Suisse AG33,949$220.3K0.00%+1,827+5.7%Added
American Century Companies Inc28,434$184.5K0.00%+7,622+36.6%Added
EntryPoint Capital, LLC28,285$183.6K0.18%+28,285New
Legal & General Group Plc27,622$179.3K0.00%00.0%Unchanged
Boothbay Fund Management, LLC26,366$171.1K0.01%00.0%Unchanged
Belvedere Trading LLC25,963$168.5K0.01%−1,908−6.8%Reduced
Alliancebernstein L.P.25,950$168.4K0.00%00.0%Unchanged
Walleye Capital LLC25,295$164.2K0.00%−104,811−80.6%Reduced
MetLife Investment Management23,112$150.0K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)22,996$149.2K0.00%+21,942+2,081.8%Added
Deutsche Bank AG22,988$149.2K0.00%+539+2.4%Added
Invesco Ltd.21,791$141.4K0.00%−19,159−46.8%Reduced
American International Group, Inc.21,301$138.2K0.00%−86−0.4%Reduced
Manufacturers Life Insurance Company, The19,769$128.3K0.00%+2,789+16.4%Added
Price T Rowe Associates Inc18,433$120.0K0.00%+647+3.6%Added
Voya Investment Management LLC17,879$116.0K0.00%00.0%Unchanged
UBS Asset Management Americas Inc17,870$116.0K0.00%+17,870New
New York State Common Retirement Fund17,564$114.0K0.00%−76−0.4%Reduced
Deerfield Management Company, L.P. (Series C)17,290$112.2K0.00%+17,290New
Dynamic Technology Lab Private Ltd16,322$106.0K0.01%+16,322New
Martingale Asset Management L P15,469$100.4K0.00%+15,469New
Royal Bank of Canada14,442$93.0K0.00%−26,748−64.9%Reduced
Virtus ETF Advisers LLC14,287$92.7K0.06%+5,883+70.0%Added
Balyasny Asset Management LLC13,854$89.9K0.00%+13,854New
ADAR1 Capital Management, LLC13,007$84.4K0.04%+13,007New
State Board of Administration of Florida Retirement System12,440$80.7K0.00%00.0%Unchanged
Wells Fargo & Company12,054$78.2K0.00%+2,568+27.1%Added
ProShare Advisors LLC11,042$71.7K0.00%+11,042New
Brevan Howard Capital Management LP10,842$70.4K0.01%+10,842New
Sawtooth Solutions, LLC10,452$67.8K0.00%+10,452New
Bleakley Financial Group, LLC10,452$67.8K0.00%+10,452New
Zurcher Kantonalbank (Zurich Cantonalbank)9,350$60.7K0.00%−1,829−16.4%Reduced
AJOVista, LLC8,943$58.0K0.07%+8,943New
China Universal Asset Management Co., Ltd.7,147$46.4K0.01%+5,587+358.1%Added
Citigroup Inc7,094$46.0K0.00%+6,257+747.6%Added
Amalgamated Bank5,275$34.0K0.00%−430−7.5%Reduced
Quantbot Technologies LP4,498$29.2K0.00%+2,198+95.6%Added
Ameritas Investment Partners, Inc.3,539$23.0K0.00%00.0%Unchanged
Metropolitan Life Insurance Co2,395$15.5K0.00%00.0%Unchanged
Signaturefd, LLC853$5.54K0.00%+186+27.9%Added
US Bancorp386$2.50K0.00%+89+30.0%Added
Quadrant Capital Group LLC339$2.20K0.00%+339New
Fortitude Family Office, LLC300$1.95K0.00%+300New
Daiwa Securities Group Inc.151$1.00K0.00%00.0%Unchanged
Capital Advisors, Ltd. LLC183$1.00K0.00%00.0%Unchanged
Simplex Trading, LLC170$1.00K0.00%+170New
GAMMA Investing LLC144$7460.00%+144New
Parallel Advisors, LLC114$7400.00%+114New
ICA Group Wealth Management, LLC80$5190.00%+80New