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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, Q1 2024

Institutional positions in Terns Pharmaceuticals, Inc. as of Mar 31, 2024. 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
112
+10 vs. Q4 2023
Shares held
63.2M
−335.1K (−0.5%) vs. Q4 2023
Total value
$414.8M
+$2.23M (+0.5%) vs. Q4 2023
New holders
27
36 more added
Sold out
17
34 more reduced

1 institution that held it in Q4 2023 haven't filed for Q1 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2024: 112 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 heldQ1 2024: $414.8M
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, Q1 2024

Shares, value and share of portfolio for each institution holding Terns Pharmaceuticals, Inc.; share changes are against Q4 2023.

Institutions holding TERN in Q1 2024
InstitutionSharesValue% of portfolioChange in sharesAction
OrbiMed Advisors LLC7,619,135$50.0M0.98%00.0%Unchanged
Vivo Capital, LLC6,657,992$43.7M3.43%00.0%Unchanged
Deep Track Capital, LP6,100,000$40.0M1.15%00.0%Unchanged
Millennium Management LLC3,432,792$22.5M0.02%+1,444,151+72.6%Added
VR Adviser, LLC3,410,058$22.4M1.06%−1,087,059−24.2%Reduced
BlackRock Inc.3,315,529$21.7M0.00%−93,449−2.7%Reduced
Citadel Advisors LLC2,965,586$19.5M0.02%+2,930,946+8,461.2%Added
FMR LLC2,762,126$18.1M0.00%−228,276−7.6%Reduced
Franklin Resources Inc2,381,896$15.6M0.00%+74,062+3.2%Added
Point72 Asset Management, L.P.2,221,200$14.6M0.04%+2,221,200New
Vanguard Group Inc2,199,006$14.4M0.00%+11,535+0.5%Added
Fairmount Funds Management LLC2,040,000$13.4M1.46%00.0%Unchanged
Janus Henderson Group PLC2,003,263$13.1M0.01%+578,500+40.6%Added
Suvretta Capital Management, LLC1,363,675$8.95M0.38%−4,473,451−76.6%Reduced
Great Point Partners LLC1,309,975$8.59M1.34%00.0%Unchanged
Schonfeld Strategic Advisors LLC1,195,794$7.84M0.06%+787,936+193.2%Added
Driehaus Capital Management LLC1,083,905$7.11M0.07%−46,147−4.1%Reduced
State Street Corp905,494$5.94M0.00%+18,615+2.1%Added
Geode Capital Management, LLC865,921$5.68M0.00%+25,462+3.0%Added
Adage Capital Partners GP, L.L.C.850,000$5.58M0.01%−200,000−19.0%Reduced
Russell Investments Group, Ltd.632,965$4.15M0.01%+355,224+127.9%Added
Octagon Capital Advisors LP625,000$4.10M0.50%+625,000New
Morgan Stanley586,793$3.85M0.00%−1,137,913−66.0%Reduced
Acuta Capital Partners, LLC465,079$3.05M1.98%−90,181−16.2%Reduced
Affinity Asset Advisors, LLC450,000$2.95M0.48%+384,000+581.8%Added
JPMorgan Chase & Co421,637$2.77M0.00%+203,436+93.2%Added
Northern Trust Corp355,796$2.33M0.00%−2,708−0.8%Reduced
Dimensional Fund Advisors LP340,017$2.23M0.00%+262,192+336.9%Added
Monashee Investment Management LLC300,000$1.97M0.23%+300,000New
Eversept Partners, LP283,034$1.86M0.14%+283,034New
Silverarc Capital Management, LLC250,551$1.64M0.46%−266,448−51.5%Reduced
Barclays PLC248,304$1.63M0.00%+163,722+193.6%Added
Bridger Management, LLC246,800$1.62M0.73%+246,800New
Exome Asset Management LLC227,821$1.49M1.28%+227,821New
Goldman Sachs Group Inc206,986$1.36M0.00%+121,395+141.8%Added
Samsara BioCapital, LLC202,348$1.33M0.21%00.0%Unchanged
Marshall Wace, LLP186,009$1.22M0.00%+186,009New
Wellington Management Group LLP172,599$1.13M0.00%+172,599New
Nuveen Asset Management, LLC159,572$1.05M0.00%+2,940+1.9%Added
Citigroup Inc157,561$1.03M0.00%+150,467+2,121.0%Added
HighVista Strategies LLC148,200$972.2K0.35%00.0%Unchanged
MYDA Advisors LLC140,000$918.4K0.32%−2,383−1.7%Reduced
Norges Bank137,100$899.4K0.00%−289,600−67.9%Reduced
Charles Schwab Investment Management Inc114,609$751.8K0.00%00.0%Unchanged
Bank of New York Mellon Corp112,655$739.0K0.00%−7,430−6.2%Reduced
Ikarian Capital, LLC88,497$580.5K0.16%−76,983−46.5%Reduced
Prelude Capital Management, LLC84,619$555.1K0.04%+84,619New
HRT Financial LP74,755$490.0K0.00%+74,755New
Squarepoint Ops LLC71,361$468.1K0.00%+71,361New
UBS Group AG62,769$411.8K0.00%−45,706−42.1%Reduced
Swiss National Bank61,000$400.2K0.00%−6,900−10.2%Reduced
Rhumbline Advisers58,982$386.9K0.00%+1,419+2.5%Added
ExodusPoint Capital Management, LP54,722$359.0K0.00%+7,182+15.1%Added
American Century Companies Inc54,484$357.4K0.00%+26,050+91.6%Added
Atom Investors LP50,825$333.4K0.04%−23,261−31.4%Reduced
Jane Street Group, LLC47,652$312.6K0.00%−16,801−26.1%Reduced
Virtu Financial LLC44,307$291.0K0.02%+44,307New
Bank of America Corp38,364$251.7K0.00%−20,452−34.8%Reduced
Credit Suisse AG33,949$222.7K0.00%00.0%Unchanged
California State Teachers Retirement System32,110$210.6K0.00%−4,884−13.2%Reduced
Graham Capital Management, L.P.30,231$198.3K0.01%+30,231New
Legal & General Group Plc27,533$180.6K0.00%−89−0.3%Reduced
Deerfield Management Company, L.P. (Series C)24,060$157.8K0.00%+6,770+39.2%Added
Deutsche Bank AG23,652$155.2K0.00%+664+2.9%Added
MetLife Investment Management23,112$151.6K0.00%00.0%Unchanged
Invesco Ltd.22,163$145.4K0.00%+372+1.7%Added
American International Group, Inc.21,370$140.2K0.00%+69+0.3%Added
Dynamic Technology Lab Private Ltd21,206$139.0K0.01%+4,884+29.9%Added
Price T Rowe Associates Inc20,694$136.0K0.00%+2,261+12.3%Added
Susquehanna International Group, LLP19,743$129.5K0.00%−42,701−68.4%Reduced
Alliancebernstein L.P.19,210$126.0K0.00%−6,740−26.0%Reduced
UBS Asset Management Americas Inc17,870$117.2K0.00%00.0%Unchanged
D. E. Shaw & Co., Inc.17,790$116.7K0.00%+17,790New
Manufacturers Life Insurance Company, The17,596$115.4K0.00%−2,173−11.0%Reduced
New York State Common Retirement Fund17,571$115.3K0.00%+70.0%Added
Engineers Gate Manager LP17,266$113.3K0.00%+17,266New
Kennedy Capital Management, Inc.15,466$101.5K0.00%+15,466New
Boothbay Fund Management, LLC15,432$101.2K0.00%−10,934−41.5%Reduced
Walleye Trading LLC15,000$98.4K0.00%+15,000New
LPL Financial LLC14,344$94.1K0.00%+14,344New
Voya Investment Management LLC14,253$93.5K0.00%−3,626−20.3%Reduced
Wells Fargo & Company14,057$92.2K0.00%+2,003+16.6%Added
HSBC Holdings PLC13,972$91.7K0.00%+13,972New
Virtus ETF Advisers LLC13,372$87.7K0.05%−915−6.4%Reduced
EntryPoint Capital, LLC13,370$87.7K0.08%−14,915−52.7%Reduced
ProShare Advisors LLC12,121$79.5K0.00%+1,079+9.8%Added
China Universal Asset Management Co., Ltd.11,889$78.0K0.01%+4,742+66.3%Added
Zurcher Kantonalbank (Zurich Cantonalbank)7,782$51.0K0.00%−1,568−16.8%Reduced
ADAR1 Capital Management, LLC5,000$32.8K0.01%−8,007−61.6%Reduced
Royal Bank of Canada3,582$24.0K0.00%−10,860−75.2%Reduced
Ameritas Investment Partners, Inc.3,539$23.2K0.00%00.0%Unchanged
Metropolitan Life Insurance Co2,395$15.7K0.00%00.0%Unchanged
Quadrant Capital Group LLC1,814$11.9K0.00%+1,475+435.1%Added
Aquatic Capital Management LLC1,400$9.18K0.00%+1,400New
Amalgamated Bank1,445$9.00K0.00%−3,830−72.6%Reduced
GAMMA Investing LLC1,027$6.74K0.00%+883+613.2%Added
Stone House Investment Management, LLC1,000$6.56K0.00%+1,000New
US Bancorp695$4.56K0.00%+309+80.1%Added
Tower Research Capital LLC (TRC)619$4.06K0.00%−22,377−97.3%Reduced
Cubist Systematic Strategies, LLC327$2.15K0.00%+327New