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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
HighVista Strategies LLC130,966$725.6K0.27%00.0%Unchanged
Graham Capital Management, L.P.132,999$736.8K0.02%+119,661+897.1%Added
UBS Oconnor LLC140,300$777.3K0.02%+92,300+192.3%Added
Exchange Traded Concepts, LLC142,919$791.8K0.02%+36,363+34.1%Added
Alyeska Investment Group, L.P.150,000$831.0K0.00%00.0%Unchanged
Polymer Capital Management (HK) LTD177,000$980.6K0.17%+153,000+637.5%Added
Bank of New York Mellon Corp186,308$1.03M0.00%+24,930+15.4%Added
Bank of America Corp197,226$1.09M0.00%+138,661+236.8%Added
Infinitum Asset Management, LLC200,000$1.11M0.59%+200,000New
Samsara BioCapital, LLC202,348$1.12M0.15%00.0%Unchanged
Charles Schwab Investment Management Inc206,450$1.14M0.00%+51,736+33.4%Added
Wellington Management Group LLP222,514$1.23M0.00%+449+0.2%Added
BNP Paribas Arbitrage, SA224,265$1.24M0.00%+224,265New
J. Goldman & Co LP235,831$1.31M0.05%+31,890+15.6%Added
LPL Financial LLC252,325$1.40M0.00%+201,575+397.2%Added
Trexquant Investment LP253,247$1.40M0.02%−50,669−16.7%Reduced
Ikarian Capital, LLC308,491$1.71M0.49%−60.0%Reduced
Woodline Partners LP311,612$1.73M0.01%+10,388+3.4%Added
Qube Research & Technologies Ltd314,389$1.74M0.00%−142,550−31.2%Reduced
Goldman Sachs Group Inc343,050$1.90M0.00%−75,817−18.1%Reduced
Salem Investment Counselors Inc346,725$1.92M0.06%−29,875−7.9%Reduced
Alliancebernstein L.P.362,359$2.01M0.00%+117,783+48.2%Added
Deutsche Bank AG398,379$2.21M0.00%−144,467−26.6%Reduced
UBS Group AG401,658$2.23M0.00%+332,260+478.8%Added
Acuta Capital Partners, LLC447,500$2.48M2.49%−39,500−8.1%Reduced
Integral Health Asset Management, LLC450,000$2.49M0.22%+150,000+50.0%Added
Altium Capital Management LP475,000$2.63M0.82%+145,000+43.9%Added
Northern Trust Corp591,171$3.28M0.00%+127,296+27.4%Added
Renaissance Technologies LLC623,134$3.45M0.01%+143,634+30.0%Added
Russell Investments Group, Ltd.628,395$3.48M0.00%−116,292−15.6%Reduced
Barclays PLC704,371$3.90M0.00%+609,469+642.2%Added
Boxer Capital Management, LLC752,000$4.17M0.35%+752,000New
Marshall Wace, LLP803,336$4.45M0.01%+698,578+666.8%Added
Parkman Healthcare Partners LLC829,105$4.59M0.61%+283,354+51.9%Added
Norges Bank849,389$4.71M0.00%+849,389New
Bellevue Group AG1,061,753$5.88M0.11%+19,618+1.9%Added
VR Adviser, LLC1,077,090$5.97M0.41%−2,332,968−68.4%Reduced
Point72 Asset Management, L.P.1,251,841$6.94M0.02%−1,455,674−53.8%Reduced
State Street Corp1,287,043$7.13M0.00%+170,052+15.2%Added
Dimensional Fund Advisors LP1,302,932$7.22M0.00%+673,570+107.0%Added
Price T Rowe Associates Inc1,504,238$8.34M0.00%+28,559+1.9%Added
Geode Capital Management, LLC1,516,478$8.40M0.00%+308,999+25.6%Added
Millennium Management LLC1,610,215$8.92M0.01%+31,681+2.0%Added
Driehaus Capital Management LLC1,661,846$9.21M0.08%−429,955−20.6%Reduced
Acorn Capital Advisors, LLC1,971,264$10.9M5.88%+1,971,264New
Superstring Capital Management LP2,020,562$11.2M9.83%+672,016+49.8%Added
Candriam Luxembourg S.C.A.2,153,969$11.9M0.07%+2,153,969New
Nuveen Asset Management, LLC2,633,918$14.6M0.00%+617,009+30.6%Added
Citadel Advisors LLC3,267,779$18.1M0.02%−405,447−11.0%Reduced
Morgan Stanley3,347,807$18.5M0.00%+2,564,875+327.6%Added
Vanguard Group Inc3,869,582$21.4M0.00%+512,768+15.3%Added
Schonfeld Strategic Advisors LLC4,751,506$26.3M0.17%+1,461,680+44.4%Added
Deep Track Capital, LP5,576,558$30.9M1.16%00.0%Unchanged
BlackRock, Inc.5,743,482$31.8M0.00%+1,044,711+22.2%Added
Vivo Capital, LLC6,895,746$38.2M4.28%00.0%Unchanged
OrbiMed Advisors LLC7,562,971$41.9M0.87%00.0%Unchanged
Soleus Capital Management, L.P.8,142,500$45.1M3.41%+1,918,956+30.8%Added
Avidity Partners Management LP0$00.00%−2,133,872−100.0%Sold out
Boxer Capital, LLC0$00.00%−752,000−100.0%Sold out
Affinity Asset Advisors, LLC0$00.00%−600,000−100.0%Sold out
StemPoint Capital LP0$00.00%−449,321−100.0%Sold out
Telemark Asset Management, LLC0$00.00%−300,000−100.0%Sold out
Bridger Management, LLC0$00.00%−142,300−100.0%Sold out
Quantbot Technologies LP0$00.00%−120,838−100.0%Sold out
TD Asset Management Inc0$00.00%−99,446−100.0%Sold out
Siren, L.L.C.0$00.00%−100,000−100.0%Sold out
MYDA Advisors LLC0$00.00%−87,500−100.0%Sold out
Virtu Financial LLC0$00.00%−62,216−100.0%Sold out
Monashee Investment Management LLC0$00.00%−54,400−100.0%Sold out
Scientech Research LLC0$00.00%−45,449−100.0%Sold out
PDT Partners, LLC0$00.00%−37,987−100.0%Sold out
Two Sigma Advisers, LP0$00.00%−32,600−100.0%Sold out
Dark Forest Capital Management LP0$00.00%−26,269−100.0%Sold out
ADAR1 Capital Management, LLC0$00.00%−24,702−100.0%Sold out
HRT Financial LP0$00.00%−23,637−100.0%Sold out
Acadian Asset Management LLC0$00.00%−19,436−100.0%Sold out
Prelude Capital Management, LLC0$00.00%−18,778−100.0%Sold out
Omers Administration Corp0$00.00%−18,300−100.0%Sold out
XTX Topco Ltd0$00.00%−17,696−100.0%Sold out
Leonteq Securities AG0$00.00%−16,000−100.0%Sold out
Brevan Howard Capital Management LP0$00.00%−15,682−100.0%Sold out
Entropy Technologies, LP0$00.00%−12,700−100.0%Sold out
Axq Capital, LP0$00.00%−11,172−100.0%Sold out
Bridgefront Capital, LLC0$00.00%−10,316−100.0%Sold out
Tudor Investment Corp Et Al0$00.00%−10,263−100.0%Sold out
Aster Capital Management (DIFC) Ltd0$00.00%−9,316−100.0%Sold out
nVerses Capital, LLC0$00.00%−5,700−100.0%Sold out
Simplex Trading, LLC0$00.00%−3,690−100.0%Sold out
North Star Investment Management Corp.0$00.00%−1,110−100.0%Sold out
Prestige Wealth Management Group LLC0$00.00%−500−100.0%Sold out
Bessemer Group Inc0$00.00%−185−100.0%Sold out
Lindbrook Capital, LLC0$00.00%−63−100.0%Sold out
Capital Performance Advisors LLP0$00.00%−23−100.0%Sold out
Alera Investment Advisors, LLC––––Not filed