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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
Quest Partners LLC1$60.00%−104,534−100.0%Reduced
EverSource Wealth Advisors, LLC5$280.00%+5New
True Wealth Design, LLC11$610.00%+11New
Farther Finance Advisors, LLC27$1500.00%00.0%Unchanged
Versant Capital Management, Inc36$1990.00%+36New
SRS Capital Advisors, Inc.103$5710.00%+103New
IFP Advisors, Inc114$6750.00%+114New
Rothschild Investment LLC125$6930.00%+15+13.6%Added
Skopos Labs, Inc.161$8920.00%+161New
Capital Advisors, Ltd. LLC183$1.00K0.00%00.0%Unchanged
Daiwa Securities Group Inc.151$1.00K0.00%00.0%Unchanged
CWM, LLC114$1.00K0.00%+90+375.0%Added
MAI Capital Management189$1.05K0.00%+189New
ZRC Wealth Management, LLC281$1.56K0.00%00.0%Unchanged
SBI Securities Co., Ltd.301$1.67K0.00%+301New
Parallel Advisors, LLC337$1.87K0.00%00.0%Unchanged
Nisa Investment Advisors, LLC344$1.91K0.00%+191+124.8%Added
Signaturefd, LLC376$2.08K0.00%+53+16.4%Added
GAMMA Investing LLC418$2.32K0.00%−165−28.3%Reduced
Federated Hermes, Inc.783$4.34K0.00%+300+62.1%Added
Larson Financial Group LLC917$5.08K0.00%+917New
CIBC Private Wealth Group, LLC1,000$5.25K0.00%−1,000−50.0%Reduced
Penserra Capital Management LLC1,188$6.00K0.00%+320+36.9%Added
R Squared Ltd1,130$6.26K0.01%+1,130New
HHM Wealth Advisors, LLC1,400$7.76K0.00%00.0%Unchanged
Amalgamated Bank1,445$8.00K0.00%00.0%Unchanged
GF Fund Management Co. Ltd.1,783$9.88K0.00%+1,783New
Sterling Capital Management LLC2,101$11.6K0.00%+1,918+1,048.1%Added
Mirae Asset Global Investments Co., Ltd.2,830$16.3K0.00%+285+11.2%Added
Tower Research Capital LLC (TRC)3,411$18.9K0.00%−2,706−44.2%Reduced
Advisor Group Holdings, Inc.3,690$20.4K0.00%+3,690New
California State Teachers Retirement System5,171$28.6K0.00%+1,000+24.0%Added
Ameritas Investment Partners, Inc.5,640$31.2K0.00%00.0%Unchanged
Legal & General Group Plc6,311$35.0K0.00%+1,234+24.3%Added
Royal Bank of Canada9,962$55.0K0.00%+2,282+29.7%Added
Sio Capital Management, LLC10,000$55.4K0.02%00.0%Unchanged
Persistent Asset Partners Ltd12,807$57.1K0.05%+12,807New
Virtus ETF Advisers LLC10,788$59.8K0.02%−762−6.6%Reduced
ExodusPoint Capital Management, LP10,816$60.0K0.00%−1,637,315−99.3%Reduced
Cubist Systematic Strategies, LLC11,964$66.3K0.00%−174,614−93.6%Reduced
State Board of Administration of Florida Retirement System12,440$68.9K0.00%00.0%Unchanged
Creative Planning12,858$71.2K0.00%−12,452−49.2%Reduced
Squarepoint Ops LLC13,125$72.7K0.00%−40,393−75.5%Reduced
Landscape Capital Management, L.L.C.13,196$73.1K0.01%+13,196New
TownSquare Capital, LLC13,809$76.5K0.00%+13,809New
Baird Financial Group, Inc.14,020$77.7K0.00%−189−1.3%Reduced
Police & Firemen's Retirement System of New Jersey15,010$83.2K0.00%+15,010New
Oxford Asset Management LLP15,456$85.6K0.04%+15,456New
Savant Capital, LLC16,083$89.1K0.00%+16,083New
AQR Capital Management LLC16,868$93.4K0.00%+16,868New
Velan Capital Investment Management LP17,000$94.2K0.08%+17,000New
New York State Common Retirement Fund17,571$97.3K0.00%00.0%Unchanged
Sherbrooke Park Advisers LLC17,846$98.9K0.03%+17,846New
China Universal Asset Management Co., Ltd.18,010$99.8K0.01%+4,475+33.1%Added
Intech Investment Management LLC18,471$102.3K0.00%+1,102+6.3%Added
Verition Fund Management LLC19,350$107.2K0.00%+19,350New
LMR Partners LLP20,000$110.8K0.00%00.0%Unchanged
Voya Investment Management LLC20,480$113.5K0.00%+1,313+6.9%Added
Stoneridge Investment Partners LLC20,603$114.0K0.04%+20,603New
Brinker Capital Investments, LLC22,211$123.0K0.00%+22,211New
Orion Portfolio Solutions, LLC22,211$123.0K0.00%+22,211New
Invesco Ltd.23,400$129.6K0.00%+2,753+13.3%Added
ProShare Advisors LLC23,821$132.0K0.00%+8,784+58.4%Added
Manufacturers Life Insurance Company, The24,378$135.1K0.00%−41,722−63.1%Reduced
Nebula Research & Development LLC25,849$143.2K0.02%+14,521+128.2%Added
State of Wisconsin Investment Board26,819$148.6K0.00%+26,819New
Gsa Capital Partners LLP26,940$149.0K0.01%+26,940New
SG Americas Securities, LLC33,333$185.0K0.00%+9,523+40.0%Added
Corebridge Financial, Inc.34,951$193.6K0.00%+4,169+13.5%Added
HSBC Holdings PLC35,898$195.3K0.00%+24,542+216.1%Added
Susquehanna International Group, LLP35,889$198.8K0.00%−9,989−21.8%Reduced
Jane Street Group, LLC36,679$203.2K0.00%−84,914−69.8%Reduced
Mirae Asset Global ETFs Holdings Ltd.39,784$220.4K0.00%+8,261+26.2%Added
Wells Fargo & Company40,966$227.0K0.00%+14,846+56.8%Added
MetLife Investment Management43,760$242.4K0.00%+9,500+27.7%Added
Bleakley Financial Group, LLC48,296$267.6K0.01%+34,984+262.8%Added
Diadema Partners LP50,370$279.1K0.31%+50,370New
JPMorgan Chase & Co51,830$287.1K0.00%−7,706−12.9%Reduced
D. E. Shaw & Co., Inc.57,341$317.7K0.00%+19,870+53.0%Added
Citigroup Inc59,180$327.9K0.00%+9,525+19.2%Added
Voloridge Investment Management, LLC59,720$330.8K0.00%−98,066−62.2%Reduced
EntryPoint Capital, LLC60,388$334.6K0.14%+60,388New
Jump Financial, LLC62,401$345.7K0.01%+21,401+52.2%Added
Engineers Gate Manager LP64,666$358.3K0.01%+32,298+99.8%Added
Crestline Management, LP66,599$369.0K0.01%+66,599New
Y-Intercept (Hong Kong) Ltd67,002$371.2K0.02%+30,610+84.1%Added
Connor, Clark & Lunn Investment Management Ltd.74,858$414.7K0.00%+21,845+41.2%Added
NEOS Investment Management LLC79,696$441.5K0.01%−48,609−37.9%Reduced
Tema ETFs LLC79,696$441.5K0.18%+79,696New
E. Ohman J:or Asset Management AB80,378$445.3K0.01%+18,603+30.1%Added
HighTower Advisors, LLC84,430$467.7K0.00%+84,430New
Two Sigma Investments, LP94,689$524.6K0.00%−49,567−34.4%Reduced
Rhumbline Advisers97,892$542.3K0.00%+13,479+16.0%Added
Martingale Asset Management L P98,106$543.5K0.01%+24,033+32.4%Added
Schroder Investment Management Group103,508$572.4K0.00%00.0%Unchanged
Cinctive Capital Management LP109,997$609.4K0.03%−58,567−34.7%Reduced
American Century Companies Inc113,225$627.3K0.00%+28,330+33.4%Added
FMR LLC113,921$631.1K0.00%−1,058,603−90.3%Reduced
Walleye Capital LLC118,896$658.7K0.01%−66,899−36.0%Reduced
Boothbay Fund Management, LLC126,830$702.6K0.02%−60.0%Reduced