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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
Persistent Asset Partners Ltd12,807$35.3K0.03%00.0%Unchanged
Nebula Research & Development LLC12,637$34.9K0.00%−13,212−51.1%Reduced
State Board of Administration of Florida Retirement System12,440$34.3K0.00%00.0%Unchanged
Point72 (DIFC) Ltd11,948$33.0K0.00%+11,948New
Thrive Wealth Management, LLC10,500$29.0K0.01%+10,500New
Sio Capital Management, LLC10,000$27.6K0.01%00.0%Unchanged
Tower Research Capital LLC (TRC)6,923$19.1K0.00%+3,512+103.0%Added
Legal & General Group Plc6,311$17.4K0.00%00.0%Unchanged
Public Employees Retirement System of Ohio5,673$15.7K0.00%+5,673New
Ameritas Investment Partners, Inc.5,640$15.6K0.00%00.0%Unchanged
Royal Bank of Canada5,628$15.0K0.00%−4,334−43.5%Reduced
California State Teachers Retirement System5,171$14.3K0.00%00.0%Unchanged
CIBC Private Wealth Group, LLC5,000$10.3K0.00%+4,000+400.0%Added
Mirae Asset Global Investments Co., Ltd.2,842$8.30K0.00%+12+0.4%Added
Amalgamated Bank2,426$7.00K0.00%+981+67.9%Added
US Bancorp2,450$6.76K0.00%+2,450New
GF Fund Management Co. Ltd.2,174$6.00K0.00%+391+21.9%Added
Parallel Advisors, LLC2,000$5.52K0.00%+1,663+493.5%Added
HHM Wealth Advisors, LLC1,400$3.86K0.00%00.0%Unchanged
FMR LLC1,362$3.76K0.00%−112,559−98.8%Reduced
Sterling Capital Management LLC1,152$3.18K0.00%−949−45.2%Reduced
Coldstream Capital Management Inc998$2.75K0.00%+998New
Caitong International Asset Management Co., Ltd531$1.47K0.00%+531New
The PNC Financial Services Group, Inc.483$1.33K0.00%+483New
CoreCap Advisors, LLC400$1.10K0.00%+400New
Nisa Investment Advisors, LLC398$1.10K0.00%+54+15.7%Added
ZRC Wealth Management, LLC281$7760.00%00.0%Unchanged
SBI Securities Co., Ltd.239$6600.00%−62−20.6%Reduced
Federated Hermes, Inc.225$6210.00%−558−71.3%Reduced
MAI Capital Management189$5220.00%00.0%Unchanged
Clear Street Markets LLC184$5080.00%+184New
Allworth Financial LP85$2600.00%+85New
Rothschild Investment LLC35$970.00%−90−72.0%Reduced
IFP Advisors, Inc0$110.00%−114−100.0%Reduced
Quest Partners LLC1$30.00%00.0%Unchanged
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
VR Adviser, LLC0$00.00%−1,077,090−100.0%Sold out
Bellevue Group AG0$00.00%−1,061,753−100.0%Sold out
Norges Bank0$00.00%−849,389−100.0%Sold out
Boxer Capital Management, LLC0$00.00%−752,000−100.0%Sold out
Altium Capital Management LP0$00.00%−475,000−100.0%Sold out
Alyeska Investment Group, L.P.0$00.00%−150,000−100.0%Sold out
HighVista Strategies LLC0$00.00%−130,966−100.0%Sold out
HighTower Advisors, LLC0$00.00%−84,430−100.0%Sold out
NEOS Investment Management LLC0$00.00%−79,696−100.0%Sold out
Tema ETFs LLC0$00.00%−79,696−100.0%Sold out
Connor, Clark & Lunn Investment Management Ltd.0$00.00%−74,858−100.0%Sold out
Y-Intercept (Hong Kong) Ltd0$00.00%−67,002−100.0%Sold out
Crestline Management, LP0$00.00%−66,599−100.0%Sold out
Engineers Gate Manager LP0$00.00%−64,666−100.0%Sold out
Voloridge Investment Management, LLC0$00.00%−59,720−100.0%Sold out
D. E. Shaw & Co., Inc.0$00.00%−57,341−100.0%Sold out
Bleakley Financial Group, LLC0$00.00%−48,296−100.0%Sold out
Jane Street Group, LLC0$00.00%−36,679−100.0%Sold out
Gsa Capital Partners LLP0$00.00%−26,940−100.0%Sold out
Brinker Capital Investments, LLC0$00.00%−22,211−100.0%Sold out
Orion Portfolio Solutions, LLC0$00.00%−22,211−100.0%Sold out
LMR Partners LLP0$00.00%−20,000−100.0%Sold out
Verition Fund Management LLC0$00.00%−19,350−100.0%Sold out
Sherbrooke Park Advisers LLC0$00.00%−17,846−100.0%Sold out
AQR Capital Management LLC0$00.00%−16,868−100.0%Sold out
Savant Capital, LLC0$00.00%−16,083−100.0%Sold out
TownSquare Capital, LLC0$00.00%−13,809−100.0%Sold out
Creative Planning0$00.00%−12,858−100.0%Sold out
ExodusPoint Capital Management, LP0$00.00%−10,816−100.0%Sold out
Virtus ETF Advisers LLC0$00.00%−10,788−100.0%Sold out
Advisor Group Holdings, Inc.0$00.00%−3,690−100.0%Sold out
R Squared Ltd0$00.00%−1,130−100.0%Sold out
Penserra Capital Management LLC0$00.00%−1,188−100.0%Sold out
Larson Financial Group LLC0$00.00%−917−100.0%Sold out
GAMMA Investing LLC0$00.00%−418−100.0%Sold out
Signaturefd, LLC0$00.00%−376−100.0%Sold out
Skopos Labs, Inc.0$00.00%−161−100.0%Sold out
SRS Capital Advisors, Inc.0$00.00%−103−100.0%Sold out
Versant Capital Management, Inc0$00.00%−36−100.0%Sold out
Farther Finance Advisors, LLC0$00.00%−27−100.0%Sold out
True Wealth Design, LLC0$00.00%−11−100.0%Sold out
EverSource Wealth Advisors, LLC0$00.00%−5−100.0%Sold out
Nuveen Asset Management, LLC––––Not filed