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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 2025

Institutional positions in Terns Pharmaceuticals, Inc. as of Mar 31, 2025. 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
138
−18 vs. Q4 2024
Shares held
83.1M
−423.9K (−0.5%) vs. Q4 2024
Total value
$229.4M
−$233.3M (−50.4%) vs. Q4 2024
New holders
24
47 more added
Sold out
42
40 more reduced

1 institution that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2025: 138 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 2025: $229.4M
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 2025

Shares, value and share of portfolio for each institution holding Terns Pharmaceuticals, Inc.; share changes are against Q4 2024.

Institutions holding TERN in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Daiwa Securities Group Inc.151$00.00%00.0%Unchanged
CWM, LLC47$00.00%−67−58.8%Reduced
Capital Advisors, Ltd. LLC89$00.00%−94−51.4%Reduced
Quest Partners LLC1$30.00%00.0%Unchanged
IFP Advisors, Inc0$110.00%−114−100.0%Reduced
Rothschild Investment LLC35$970.00%−90−72.0%Reduced
Allworth Financial LP85$2600.00%+85New
Clear Street Markets LLC184$5080.00%+184New
MAI Capital Management189$5220.00%00.0%Unchanged
Federated Hermes, Inc.225$6210.00%−558−71.3%Reduced
SBI Securities Co., Ltd.239$6600.00%−62−20.6%Reduced
ZRC Wealth Management, LLC281$7760.00%00.0%Unchanged
Nisa Investment Advisors, LLC398$1.10K0.00%+54+15.7%Added
CoreCap Advisors, LLC400$1.10K0.00%+400New
The PNC Financial Services Group, Inc.483$1.33K0.00%+483New
Caitong International Asset Management Co., Ltd531$1.47K0.00%+531New
Coldstream Capital Management Inc998$2.75K0.00%+998New
Sterling Capital Management LLC1,152$3.18K0.00%−949−45.2%Reduced
FMR LLC1,362$3.76K0.00%−112,559−98.8%Reduced
HHM Wealth Advisors, LLC1,400$3.86K0.00%00.0%Unchanged
Parallel Advisors, LLC2,000$5.52K0.00%+1,663+493.5%Added
GF Fund Management Co. Ltd.2,174$6.00K0.00%+391+21.9%Added
US Bancorp2,450$6.76K0.00%+2,450New
Amalgamated Bank2,426$7.00K0.00%+981+67.9%Added
Mirae Asset Global Investments Co., Ltd.2,842$8.30K0.00%+12+0.4%Added
CIBC Private Wealth Group, LLC5,000$10.3K0.00%+4,000+400.0%Added
California State Teachers Retirement System5,171$14.3K0.00%00.0%Unchanged
Royal Bank of Canada5,628$15.0K0.00%−4,334−43.5%Reduced
Ameritas Investment Partners, Inc.5,640$15.6K0.00%00.0%Unchanged
Public Employees Retirement System of Ohio5,673$15.7K0.00%+5,673New
Legal & General Group Plc6,311$17.4K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)6,923$19.1K0.00%+3,512+103.0%Added
Sio Capital Management, LLC10,000$27.6K0.01%00.0%Unchanged
Thrive Wealth Management, LLC10,500$29.0K0.01%+10,500New
Point72 (DIFC) Ltd11,948$33.0K0.00%+11,948New
State Board of Administration of Florida Retirement System12,440$34.3K0.00%00.0%Unchanged
Nebula Research & Development LLC12,637$34.9K0.00%−13,212−51.1%Reduced
Persistent Asset Partners Ltd12,807$35.3K0.03%00.0%Unchanged
Landscape Capital Management, L.L.C.13,196$36.4K0.00%00.0%Unchanged
Baird Financial Group, Inc.13,665$37.7K0.00%−355−2.5%Reduced
Jump Financial, LLC13,900$38.4K0.00%−48,501−77.7%Reduced
Vontobel Holding Ltd.14,000$38.6K0.00%+14,000New
Police & Firemen's Retirement System of New Jersey15,010$41.4K0.00%00.0%Unchanged
CIBC World Markets Corp15,599$43.1K0.00%+15,599New
JustInvest LLC16,238$44.8K0.00%+16,238New
Velan Capital Investment Management LP17,000$46.9K0.05%00.0%Unchanged
China Universal Asset Management Co., Ltd.17,037$47.0K0.00%−973−5.4%Reduced
Prelude Capital Management, LLC17,500$48.3K0.00%+17,500New
New York State Common Retirement Fund17,571$48.5K0.00%00.0%Unchanged
Dynamic Technology Lab Private Ltd18,578$51.0K0.01%+18,578New
ProShare Advisors LLC19,051$52.6K0.00%−4,770−20.0%Reduced
Ameriprise Financial Inc19,166$52.9K0.00%+19,166New
Voya Investment Management LLC19,796$54.6K0.00%−684−3.3%Reduced
Stoneridge Investment Partners LLC20,603$57.0K0.05%00.0%Unchanged
Axq Capital, LP21,460$59.2K0.02%+21,460New
MetLife Investment Management21,880$60.4K0.00%−21,880−50.0%Reduced
HSBC Holdings PLC23,515$66.4K0.00%−12,383−34.5%Reduced
Virtus Investment Advisers, Inc.24,913$68.8K0.02%+24,913New
Manufacturers Life Insurance Company, The25,165$69.5K0.00%+787+3.2%Added
Russell Investments Group, Ltd.28,188$77.8K0.00%−600,207−95.5%Reduced
Cubist Systematic Strategies, LLC28,327$78.2K0.00%+16,363+136.8%Added
Oxford Asset Management LLP33,027$91.2K0.04%+17,571+113.7%Added
Corebridge Financial, Inc.34,440$95.1K0.00%−511−1.5%Reduced
Man Group plc38,472$106.2K0.00%+38,472New
Intech Investment Management LLC39,922$110.2K0.00%+21,451+116.1%Added
State of Wisconsin Investment Board41,502$114.5K0.00%+14,683+54.7%Added
Mirae Asset Global ETFs Holdings Ltd.41,578$114.8K0.00%+1,794+4.5%Added
Wells Fargo & Company41,889$115.6K0.00%+923+2.3%Added
Citigroup Inc54,182$149.5K0.00%−4,998−8.4%Reduced
Diadema Partners LP56,098$154.8K0.12%+5,728+11.4%Added
Invesco Ltd.58,345$161.0K0.00%+34,945+149.3%Added
Alliancebernstein L.P.64,100$176.9K0.00%−298,259−82.3%Reduced
J. Goldman & Co LP67,500$186.3K0.01%−168,331−71.4%Reduced
EntryPoint Capital, LLC73,293$202.3K0.09%+12,905+21.4%Added
Price T Rowe Associates Inc76,052$210.0K0.00%−1,428,186−94.9%Reduced
Martingale Asset Management L P83,038$229.2K0.01%−15,068−15.4%Reduced
Squarepoint Ops LLC86,728$239.4K0.00%+73,603+560.8%Added
Susquehanna International Group, LLP91,174$251.6K0.00%+55,285+154.0%Added
Rhumbline Advisers96,659$266.8K0.00%−1,233−1.3%Reduced
SummitTX Capital, L.P.100,133$276.4K0.01%+100,133New
E. Ohman J:or Asset Management AB102,410$282.7K0.01%+22,032+27.4%Added
Two Sigma Advisers, LP109,600$302.5K0.00%+109,600New
Cinctive Capital Management LP109,997$303.6K0.02%00.0%Unchanged
American Century Companies Inc113,757$314.0K0.00%+532+0.5%Added
Boothbay Fund Management, LLC126,830$350.1K0.01%00.0%Unchanged
Two Sigma Investments, LP127,472$351.8K0.00%+32,783+34.6%Added
Balyasny Asset Management LLC127,887$353.0K0.00%+127,887New
Exchange Traded Concepts, LLC137,663$379.9K0.01%−5,256−3.7%Reduced
Trexquant Investment LP139,609$385.3K0.00%−113,638−44.9%Reduced
Marshall Wace, LLP144,644$399.2K0.00%−658,692−82.0%Reduced
Point72 Asset Management, L.P.160,725$443.6K0.00%−1,091,116−87.2%Reduced
Bank of New York Mellon Corp186,913$515.9K0.00%+605+0.3%Added
Infinitum Asset Management, LLC200,000$552.0K0.18%00.0%Unchanged
Samsara BioCapital, LLC202,348$558.5K0.10%00.0%Unchanged
Charles Schwab Investment Management Inc206,450$569.8K0.00%00.0%Unchanged
Graham Capital Management, L.P.226,295$624.6K0.02%+93,296+70.1%Added
Polymer Capital Management (HK) LTD239,110$659.9K0.11%+62,110+35.1%Added
LPL Financial LLC240,575$664.0K0.00%−11,750−4.7%Reduced
JPMorgan Chase & Co294,195$812.0K0.00%+242,365+467.6%Added
Woodline Partners LP301,612$832.4K0.01%−10,000−3.2%Reduced