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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 2024

Institutional positions in Terns Pharmaceuticals, Inc. as of Dec 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
157
+2 vs. Q3 2024
Shares held
86.1M
+6.65M (+8.4%) vs. Q3 2024
Total value
$477.2M
−$185.8M (−28.0%) vs. Q3 2024
New holders
38
67 more added
Sold out
36
33 more reduced

1 institution that held it in Q3 2024 haven't filed for Q4 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 2024: 157 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 2024: $477.2M
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 2024

Shares, value and share of portfolio for each institution holding Terns Pharmaceuticals, Inc.; share changes are against Q3 2024.

Institutions holding TERN in Q4 2024
InstitutionSharesValue% of portfolioChange in sharesAction
Soleus Capital Management, L.P.8,142,500$45.1M3.41%+1,918,956+30.8%Added
OrbiMed Advisors LLC7,562,971$41.9M0.87%00.0%Unchanged
Vivo Capital, LLC6,895,746$38.2M4.28%00.0%Unchanged
BlackRock, Inc.5,743,482$31.8M0.00%+1,044,711+22.2%Added
Deep Track Capital, LP5,576,558$30.9M1.16%00.0%Unchanged
Schonfeld Strategic Advisors LLC4,751,506$26.3M0.17%+1,461,680+44.4%Added
Vanguard Group Inc3,869,582$21.4M0.00%+512,768+15.3%Added
Morgan Stanley3,347,807$18.5M0.00%+2,564,875+327.6%Added
Citadel Advisors LLC3,267,779$18.1M0.02%−405,447−11.0%Reduced
Nuveen Asset Management, LLC2,633,918$14.6M0.00%+617,009+30.6%Added
Candriam Luxembourg S.C.A.2,153,969$11.9M0.07%+2,153,969New
Superstring Capital Management LP2,020,562$11.2M9.83%+672,016+49.8%Added
Acorn Capital Advisors, LLC1,971,264$10.9M5.88%+1,971,264New
Driehaus Capital Management LLC1,661,846$9.21M0.08%−429,955−20.6%Reduced
Millennium Management LLC1,610,215$8.92M0.01%+31,681+2.0%Added
Geode Capital Management, LLC1,516,478$8.40M0.00%+308,999+25.6%Added
Price T Rowe Associates Inc1,504,238$8.34M0.00%+28,559+1.9%Added
Dimensional Fund Advisors LP1,302,932$7.22M0.00%+673,570+107.0%Added
State Street Corp1,287,043$7.13M0.00%+170,052+15.2%Added
Point72 Asset Management, L.P.1,251,841$6.94M0.02%−1,455,674−53.8%Reduced
VR Adviser, LLC1,077,090$5.97M0.41%−2,332,968−68.4%Reduced
Bellevue Group AG1,061,753$5.88M0.11%+19,618+1.9%Added
Norges Bank849,389$4.71M0.00%+849,389New
Parkman Healthcare Partners LLC829,105$4.59M0.61%+283,354+51.9%Added
Marshall Wace, LLP803,336$4.45M0.01%+698,578+666.8%Added
Boxer Capital Management, LLC752,000$4.17M0.35%+752,000New
Barclays PLC704,371$3.90M0.00%+609,469+642.2%Added
Russell Investments Group, Ltd.628,395$3.48M0.00%−116,292−15.6%Reduced
Renaissance Technologies LLC623,134$3.45M0.01%+143,634+30.0%Added
Northern Trust Corp591,171$3.28M0.00%+127,296+27.4%Added
Altium Capital Management LP475,000$2.63M0.82%+145,000+43.9%Added
Integral Health Asset Management, LLC450,000$2.49M0.22%+150,000+50.0%Added
Acuta Capital Partners, LLC447,500$2.48M2.49%−39,500−8.1%Reduced
UBS Group AG401,658$2.23M0.00%+332,260+478.8%Added
Deutsche Bank AG398,379$2.21M0.00%−144,467−26.6%Reduced
Alliancebernstein L.P.362,359$2.01M0.00%+117,783+48.2%Added
Salem Investment Counselors Inc346,725$1.92M0.06%−29,875−7.9%Reduced
Goldman Sachs Group Inc343,050$1.90M0.00%−75,817−18.1%Reduced
Qube Research & Technologies Ltd314,389$1.74M0.00%−142,550−31.2%Reduced
Woodline Partners LP311,612$1.73M0.01%+10,388+3.4%Added
Ikarian Capital, LLC308,491$1.71M0.49%−60.0%Reduced
Trexquant Investment LP253,247$1.40M0.02%−50,669−16.7%Reduced
LPL Financial LLC252,325$1.40M0.00%+201,575+397.2%Added
J. Goldman & Co LP235,831$1.31M0.05%+31,890+15.6%Added
BNP Paribas Arbitrage, SA224,265$1.24M0.00%+224,265New
Wellington Management Group LLP222,514$1.23M0.00%+449+0.2%Added
Charles Schwab Investment Management Inc206,450$1.14M0.00%+51,736+33.4%Added
Samsara BioCapital, LLC202,348$1.12M0.15%00.0%Unchanged
Infinitum Asset Management, LLC200,000$1.11M0.59%+200,000New
Bank of America Corp197,226$1.09M0.00%+138,661+236.8%Added
Bank of New York Mellon Corp186,308$1.03M0.00%+24,930+15.4%Added
Polymer Capital Management (HK) LTD177,000$980.6K0.17%+153,000+637.5%Added
Alyeska Investment Group, L.P.150,000$831.0K0.00%00.0%Unchanged
Exchange Traded Concepts, LLC142,919$791.8K0.02%+36,363+34.1%Added
UBS Oconnor LLC140,300$777.3K0.02%+92,300+192.3%Added
Graham Capital Management, L.P.132,999$736.8K0.02%+119,661+897.1%Added
HighVista Strategies LLC130,966$725.6K0.27%00.0%Unchanged
Boothbay Fund Management, LLC126,830$702.6K0.02%−60.0%Reduced
Walleye Capital LLC118,896$658.7K0.01%−66,899−36.0%Reduced
FMR LLC113,921$631.1K0.00%−1,058,603−90.3%Reduced
American Century Companies Inc113,225$627.3K0.00%+28,330+33.4%Added
Cinctive Capital Management LP109,997$609.4K0.03%−58,567−34.7%Reduced
Schroder Investment Management Group103,508$572.4K0.00%00.0%Unchanged
Martingale Asset Management L P98,106$543.5K0.01%+24,033+32.4%Added
Rhumbline Advisers97,892$542.3K0.00%+13,479+16.0%Added
Two Sigma Investments, LP94,689$524.6K0.00%−49,567−34.4%Reduced
HighTower Advisors, LLC84,430$467.7K0.00%+84,430New
E. Ohman J:or Asset Management AB80,378$445.3K0.01%+18,603+30.1%Added
NEOS Investment Management LLC79,696$441.5K0.01%−48,609−37.9%Reduced
Tema ETFs LLC79,696$441.5K0.18%+79,696New
Connor, Clark & Lunn Investment Management Ltd.74,858$414.7K0.00%+21,845+41.2%Added
Y-Intercept (Hong Kong) Ltd67,002$371.2K0.02%+30,610+84.1%Added
Crestline Management, LP66,599$369.0K0.01%+66,599New
Engineers Gate Manager LP64,666$358.3K0.01%+32,298+99.8%Added
Jump Financial, LLC62,401$345.7K0.01%+21,401+52.2%Added
EntryPoint Capital, LLC60,388$334.6K0.14%+60,388New
Voloridge Investment Management, LLC59,720$330.8K0.00%−98,066−62.2%Reduced
Citigroup Inc59,180$327.9K0.00%+9,525+19.2%Added
D. E. Shaw & Co., Inc.57,341$317.7K0.00%+19,870+53.0%Added
JPMorgan Chase & Co51,830$287.1K0.00%−7,706−12.9%Reduced
Diadema Partners LP50,370$279.1K0.31%+50,370New
Bleakley Financial Group, LLC48,296$267.6K0.01%+34,984+262.8%Added
MetLife Investment Management43,760$242.4K0.00%+9,500+27.7%Added
Wells Fargo & Company40,966$227.0K0.00%+14,846+56.8%Added
Mirae Asset Global ETFs Holdings Ltd.39,784$220.4K0.00%+8,261+26.2%Added
Jane Street Group, LLC36,679$203.2K0.00%−84,914−69.8%Reduced
Susquehanna International Group, LLP35,889$198.8K0.00%−9,989−21.8%Reduced
HSBC Holdings PLC35,898$195.3K0.00%+24,542+216.1%Added
Corebridge Financial, Inc.34,951$193.6K0.00%+4,169+13.5%Added
SG Americas Securities, LLC33,333$185.0K0.00%+9,523+40.0%Added
Gsa Capital Partners LLP26,940$149.0K0.01%+26,940New
State of Wisconsin Investment Board26,819$148.6K0.00%+26,819New
Nebula Research & Development LLC25,849$143.2K0.02%+14,521+128.2%Added
Manufacturers Life Insurance Company, The24,378$135.1K0.00%−41,722−63.1%Reduced
ProShare Advisors LLC23,821$132.0K0.00%+8,784+58.4%Added
Invesco Ltd.23,400$129.6K0.00%+2,753+13.3%Added
Brinker Capital Investments, LLC22,211$123.0K0.00%+22,211New
Orion Portfolio Solutions, LLC22,211$123.0K0.00%+22,211New
Stoneridge Investment Partners LLC20,603$114.0K0.04%+20,603New
Voya Investment Management LLC20,480$113.5K0.00%+1,313+6.9%Added