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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, Q3 2024

Institutional positions in Terns Pharmaceuticals, Inc. as of Sep 30, 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
156
+31 vs. Q2 2024
Shares held
79.5M
+18.0M (+29.4%) vs. Q2 2024
Total value
$663.1M
+$244.5M (+58.4%) vs. Q2 2024
New holders
54
52 more added
Sold out
23
37 more reduced

1 institution that held it in Q2 2024 haven't filed for Q3 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2024: 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 holdersQ3 2024: 156 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 heldQ3 2024: $663.1M
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, Q3 2024

Shares, value and share of portfolio for each institution holding Terns Pharmaceuticals, Inc.; share changes are against Q2 2024.

Institutions holding TERN in Q3 2024
InstitutionSharesValue% of portfolioChange in sharesAction
OrbiMed Advisors LLC7,562,971$63.1M1.15%−56,164−0.7%Reduced
Vivo Capital, LLC6,895,746$57.5M4.76%+712,754+11.5%Added
Soleus Capital Management, L.P.6,223,544$51.9M4.32%+1,275,806+25.8%Added
Deep Track Capital, LP5,576,558$46.5M1.48%−523,442−8.6%Reduced
BlackRock, Inc.4,698,771$39.2M0.00%+4,698,771New
Citadel Advisors LLC3,673,226$30.6M0.03%+2,213,276+151.6%Added
VR Adviser, LLC3,410,058$28.4M1.49%00.0%Unchanged
Vanguard Group Inc3,356,814$28.0M0.00%+1,055,872+45.9%Added
Schonfeld Strategic Advisors LLC3,289,826$27.4M0.22%+1,021,398+45.0%Added
Point72 Asset Management, L.P.2,707,515$22.6M0.08%+17,139+0.6%Added
Avidity Partners Management LP2,133,872$17.8M0.91%+2,133,872New
Driehaus Capital Management LLC2,091,801$17.4M0.15%+1,007,896+93.0%Added
Nuveen Asset Management, LLC2,016,909$16.8M0.00%+1,269,467+169.8%Added
ExodusPoint Capital Management, LP1,648,131$13.7M0.14%+1,648,131New
Millennium Management LLC1,578,534$13.2M0.01%+438,142+38.4%Added
Price T Rowe Associates Inc1,475,679$12.3M0.00%+1,448,996+5,430.4%Added
Superstring Capital Management LP1,348,546$11.2M10.06%+392,004+41.0%Added
Geode Capital Management, LLC1,207,479$10.1M0.00%+85,617+7.6%Added
FMR LLC1,172,524$9.78M0.00%−1,594,572−57.6%Reduced
State Street Corp1,116,991$9.32M0.00%−59,842−5.1%Reduced
Bellevue Group AG1,042,135$8.69M0.14%+1,042,135New
Morgan Stanley782,932$6.53M0.00%+449,314+134.7%Added
Boxer Capital, LLC752,000$6.27M0.31%+752,000New
Russell Investments Group, Ltd.744,687$6.21M0.01%+96,571+14.9%Added
Dimensional Fund Advisors LP629,362$5.25M0.00%+257,470+69.2%Added
Affinity Asset Advisors, LLC600,000$5.00M0.78%+600,000New
Parkman Healthcare Partners LLC545,751$4.55M0.58%+155,481+39.8%Added
Deutsche Bank AG542,846$4.53M0.00%+445,668+458.6%Added
Acuta Capital Partners, LLC487,000$4.06M3.29%+117,720+31.9%Added
Renaissance Technologies LLC479,500$4.00M0.01%+392,000+448.0%Added
Northern Trust Corp463,875$3.87M0.00%+116,108+33.4%Added
Qube Research & Technologies Ltd456,939$3.81M0.01%+456,939New
StemPoint Capital LP449,321$3.75M1.12%+449,321New
Goldman Sachs Group Inc418,867$3.49M0.00%−279,847−40.1%Reduced
Salem Investment Counselors Inc376,600$3.14M0.09%+5,000+1.3%Added
Altium Capital Management LP330,000$2.75M0.82%+330,000New
Ikarian Capital, LLC308,497$2.57M0.80%−150,000−32.7%Reduced
Trexquant Investment LP303,916$2.53M0.03%+270,193+801.2%Added
Woodline Partners LP301,224$2.51M0.02%−443,820−59.6%Reduced
Telemark Asset Management, LLC300,000$2.50M0.25%+300,000New
Integral Health Asset Management, LLC300,000$2.50M0.29%+300,000New
Alliancebernstein L.P.244,576$2.04M0.00%−53,488−17.9%Reduced
Wellington Management Group LLP222,065$1.85M0.00%−2,111−0.9%Reduced
J. Goldman & Co LP203,941$1.70M0.07%+203,941New
Samsara BioCapital, LLC202,348$1.69M0.32%00.0%Unchanged
Cubist Systematic Strategies, LLC186,578$1.56M0.02%+186,578New
Walleye Capital LLC185,795$1.55M0.02%+185,795New
Cinctive Capital Management LP168,564$1.41M0.08%+168,564New
Bank of New York Mellon Corp161,378$1.35M0.00%−15,295−8.7%Reduced
Voloridge Investment Management, LLC157,786$1.32M0.00%+157,786New
Charles Schwab Investment Management Inc154,714$1.29M0.00%+1,994+1.3%Added
Alyeska Investment Group, L.P.150,000$1.25M0.01%+150,000New
Two Sigma Investments, LP144,256$1.20M0.00%+82,833+134.9%Added
Bridger Management, LLC142,300$1.19M0.59%−104,500−42.3%Reduced
HighVista Strategies LLC130,966$1.09M0.38%−17,234−11.6%Reduced
NEOS Investment Management LLC128,305$1.07M0.03%−36,916−22.3%Reduced
Boothbay Fund Management, LLC126,836$1.06M0.03%−39,804−23.9%Reduced
Jane Street Group, LLC121,593$1.01M0.00%−21,739−15.2%Reduced
Quantbot Technologies LP120,838$1.01M0.04%+117,079+3,114.6%Added
Exchange Traded Concepts, LLC106,556$888.7K0.02%+7,784+7.9%Added
Schroder Investment Management Group103,508$885.0K0.00%−151,176−59.4%Reduced
Marshall Wace, LLP104,758$873.7K0.00%+78,773+303.1%Added
Quest Partners LLC104,535$871.8K0.08%+104,535New
TD Asset Management Inc99,446$850.3K0.00%+99,446New
Siren, L.L.C.100,000$834.0K0.04%+100,000New
Barclays PLC94,902$791.5K0.00%−100,540−51.4%Reduced
MYDA Advisors LLC87,500$729.8K0.21%−52,500−37.5%Reduced
American Century Companies Inc84,895$708.0K0.00%+20,776+32.4%Added
Rhumbline Advisers84,413$704.0K0.00%−4,228−4.8%Reduced
Martingale Asset Management L P74,073$617.8K0.01%+74,073New
UBS Group AG69,398$578.8K0.00%−17,934−20.5%Reduced
Manufacturers Life Insurance Company, The66,100$551.3K0.00%+43,455+191.9%Added
Virtu Financial LLC62,216$519.0K0.03%+32,624+110.2%Added
E. Ohman J:or Asset Management AB61,775$515.2K0.01%+61,775New
JPMorgan Chase & Co59,536$496.5K0.00%−93,544−61.1%Reduced
Bank of America Corp58,565$488.4K0.00%−218,172−78.8%Reduced
Monashee Investment Management LLC54,400$453.7K0.05%+54,400New
Squarepoint Ops LLC53,518$446.3K0.00%+53,518New
Connor, Clark & Lunn Investment Management Ltd.53,013$442.1K0.00%+53,013New
LPL Financial LLC50,750$423.3K0.00%−78,875−60.8%Reduced
Citigroup Inc49,655$414.1K0.00%−311,425−86.2%Reduced
UBS Oconnor LLC48,000$400.3K0.01%+48,000New
Susquehanna International Group, LLP45,878$382.6K0.00%+10,048+28.0%Added
Scientech Research LLC45,449$379.0K0.08%+45,449New
Jump Financial, LLC41,000$341.9K0.01%+41,000New
PDT Partners, LLC37,987$316.8K0.03%−42,383−52.7%Reduced
D. E. Shaw & Co., Inc.37,471$312.5K0.00%+10,506+39.0%Added
Y-Intercept (Hong Kong) Ltd36,392$303.5K0.02%−27,071−42.7%Reduced
MetLife Investment Management34,260$285.7K0.00%00.0%Unchanged
Two Sigma Advisers, LP32,600$271.9K0.00%+4,300+15.2%Added
Engineers Gate Manager LP32,368$269.9K0.01%−7,172−18.1%Reduced
Mirae Asset Global ETFs Holdings Ltd.31,523$262.9K0.00%+8,745+38.4%Added
Corebridge Financial, Inc.30,782$256.7K0.00%−190−0.6%Reduced
Dark Forest Capital Management LP26,269$219.1K0.03%+26,269New
Wells Fargo & Company26,120$217.8K0.00%+1,039+4.1%Added
Creative Planning25,310$211.1K0.00%+5,409+27.2%Added
ADAR1 Capital Management, LLC24,702$206.0K0.03%+9,702+64.7%Added
Polymer Capital Management (HK) LTD24,000$200.2K0.05%+24,000New
SG Americas Securities, LLC23,810$199.0K0.00%+23,810New
HRT Financial LP23,637$197.0K0.00%+23,637New