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Terns Pharmaceuticals, Inc.

TERNDelisted
Industry
Pharmaceutical Preparations
SEC CIK
0001831363

Terns Pharmaceuticals, Inc. was delisted in 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, Q2 2025

Institutional positions in Terns Pharmaceuticals, Inc. as of Jun 30, 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
130
−8 vs. Q1 2025
Shares held
83.1M
+19.0K (0.0%) vs. Q1 2025
Total value
$310.0M
+$80.6M (+35.1%) vs. Q1 2025
New holders
24
48 more added
Sold out
32
30 more reduced

Compare with Q1 2025: 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 holdersQ2 2025: 130 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: 139 institutionsQ2 2025: 130 institutionsQ3 2025: 141 institutionsQ4 2025: 248 institutionsQ1 2026: 317 institutionsQ2 2026: 2 institutions
Value heldQ2 2025: $310.7M
Q1 2021: $393.7MQ2 2021: $203.8MQ3 2021: $174.3MQ4 2021: $116.7MQ1 2022: $50.0MQ2 2022: $36.6MQ3 2022: $178.1MQ4 2022: $506.2MQ1 2023: $720.7MQ2 2023: $505.1MQ3 2023: $310.4MQ4 2023: $425.3MQ1 2024: $425.3MQ2 2024: $447.7MQ3 2024: $663.6MQ4 2024: $477.2MQ1 2025: $229.6MQ2 2025: $310.7MQ3 2025: $670.8MQ4 2025: $4.95BQ1 2026: $6.56BQ2 2026: $659.7K
Institutions holding TERN and their total value by quarter
QuarterHoldersValue
Q2 20262$659.7K
Q1 2026317$6.56B
Q4 2025248$4.95B
Q3 2025141$670.8M
Q2 2025130$310.7M
Q1 2025139$229.6M
Q4 2024157$477.2M
Q3 2024156$663.6M
Q2 2024126$447.7M
Q1 2024112$425.3M
Q4 2023103$425.3M
Q3 202393$310.4M
Q2 2023103$505.1M
Q1 202379$720.7M
Q4 202265$506.2M
Q3 202245$178.1M
Q2 202242$36.6M
Q1 202244$50.0M
Q4 202137$116.7M
Q3 202134$174.3M
Q2 202136$203.8M
Q1 202142$393.7M

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding Terns Pharmaceuticals, Inc.; share changes are against Q1 2025.

Institutions holding TERN in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Soleus Capital Management, L.P.8,167,100$30.5M2.10%00.0%Unchanged
OrbiMed Advisors LLC7,562,971$28.2M0.71%00.0%Unchanged
Deep Track Capital, LP7,495,000$28.0M0.90%+1,918,442+34.4%Added
Morgan Stanley7,253,469$27.1M0.00%+143,364+2.0%Added
Vivo Capital, LLC6,895,746$25.7M2.63%00.0%Unchanged
BlackRock, Inc.5,470,374$20.4M0.00%−236,258−4.1%Reduced
Vanguard Group Inc4,306,166$16.1M0.00%+154,010+3.7%Added
Citadel Advisors LLC3,899,011$14.5M0.01%−8,876−0.2%Reduced
Schonfeld Strategic Advisors LLC3,049,891$11.4M0.09%−794,976−20.7%Reduced
Candriam Luxembourg S.C.A.2,368,235$8.83M0.05%+214,266+9.9%Added
Acorn Capital Advisors, LLC1,971,264$7.35M4.81%00.0%Unchanged
Dimensional Fund Advisors LP1,650,950$6.16M0.00%−55,251−3.2%Reduced
Geode Capital Management, LLC1,633,349$6.09M0.00%+59,145+3.8%Added
State Street Corp1,373,441$5.12M0.00%+48,924+3.7%Added
Superstring Capital Management LP1,286,681$4.80M5.98%−70,472−5.2%Reduced
Adage Capital Partners GP, L.L.C.1,280,000$4.77M0.01%+1,280,000New
Franklin Resources Inc1,277,396$4.76M0.00%+1,277,396New
Nuveen, LLC1,180,528$4.40M0.00%−225,373−16.0%Reduced
UBS Group AG1,171,619$4.37M0.00%+238,513+25.6%Added
Millennium Management LLC996,826$3.72M0.00%−120,616−10.8%Reduced
Renaissance Technologies LLC922,534$3.44M0.00%−511,300−35.7%Reduced
Parkman Healthcare Partners LLC817,808$3.05M0.35%−141,895−14.8%Reduced
Integral Health Asset Management, LLC700,000$2.61M0.24%00.0%Unchanged
Northern Trust Corp570,781$2.13M0.00%−13,407−2.3%Reduced
BNP Paribas Arbitrage, SA506,777$1.89M0.00%+52,796+11.6%Added
Bank of America Corp493,805$1.84M0.00%−318,237−39.2%Reduced
Acuta Capital Partners, LLC463,864$1.73M2.42%+138,314+42.5%Added
Walleye Capital LLC376,559$1.40M0.01%−217,631−36.6%Reduced
Schroder Investment Management Group376,204$1.40M0.00%00.0%Unchanged
Deutsche Bank AG373,247$1.39M0.00%−12,230−3.2%Reduced
JPMorgan Chase & Co358,206$1.34M0.00%+64,011+21.8%Added
Salem Investment Counselors Inc346,850$1.29M0.04%00.0%Unchanged
Qube Research & Technologies Ltd336,665$1.26M0.00%−358,494−51.6%Reduced
Wellington Management Group LLP335,169$1.25M0.00%+14,006+4.4%Added
Goldman Sachs Group Inc326,233$1.22M0.00%−88,788−21.4%Reduced
Two Sigma Advisers, LP316,836$1.18M0.00%+207,236+189.1%Added
Woodline Partners LP301,612$1.13M0.01%00.0%Unchanged
UBS Oconnor LLC273,619$1.02M0.03%−62,525−18.6%Reduced
Diadema Partners LP259,852$969.2K0.60%+203,754+363.2%Added
Barclays PLC244,637$912.5K0.00%−408,400−62.5%Reduced
LPL Financial LLC241,825$902.0K0.00%+1,250+0.5%Added
Exchange Traded Concepts, LLC227,847$849.9K0.01%+90,184+65.5%Added
Charles Schwab Investment Management Inc224,220$836.3K0.00%+17,770+8.6%Added
Two Sigma Investments, LP204,957$764.5K0.00%+77,485+60.8%Added
Jacobs Levy Equity Management, Inc202,570$755.6K0.00%−292,307−59.1%Reduced
Samsara BioCapital, LLC202,348$754.8K0.15%00.0%Unchanged
Bank of New York Mellon Corp202,214$754.3K0.00%+15,301+8.2%Added
Infinitum Asset Management, LLC200,000$746.0K0.17%00.0%Unchanged
Royal Bank of Canada194,345$725.0K0.00%+188,717+3,353.2%Added
American Century Companies Inc129,668$483.7K0.00%+15,911+14.0%Added
SummitTX Capital, L.P.114,851$428.4K0.02%+14,718+14.7%Added
Cinctive Capital Management LP109,997$410.3K0.02%00.0%Unchanged
Rhumbline Advisers106,451$397.1K0.00%+9,792+10.1%Added
E. Ohman J:or Asset Management AB102,410$382.0K0.01%00.0%Unchanged
Bridgeway Capital Management, LLC95,000$354.4K0.01%+95,000New
Invesco Ltd.94,534$352.6K0.00%+36,189+62.0%Added
Alliancebernstein L.P.92,900$346.5K0.00%+28,800+44.9%Added
Squarepoint Ops LLC87,838$327.6K0.00%+1,110+1.3%Added
Susquehanna International Group, LLP87,623$326.8K0.00%−3,551−3.9%Reduced
Price T Rowe Associates Inc79,568$297.0K0.00%+3,516+4.6%Added
Graham Capital Management, L.P.73,968$275.9K0.01%−152,327−67.3%Reduced
Persistent Asset Partners Ltd59,797$223.0K0.20%+46,990+366.9%Added
FMR LLC58,949$219.9K0.00%+57,587+4,228.1%Added
Ikarian Capital, LLC58,491$218.2K0.07%−250,000−81.0%Reduced
Boothbay Fund Management, LLC56,464$210.6K0.01%−70,366−55.5%Reduced
Alps Advisors Inc47,156$175.9K0.00%+47,156New
Wells Fargo & Company46,551$173.6K0.00%+4,662+11.1%Added
Intech Investment Management LLC46,121$172.0K0.00%+6,199+15.5%Added
MetLife Investment Management45,596$170.1K0.00%+23,716+108.4%Added
Mirae Asset Global ETFs Holdings Ltd.39,784$148.4K0.00%−1,794−4.3%Reduced
Citigroup Inc38,274$142.8K0.00%−15,908−29.4%Reduced
DLD Asset Management, LP37,047$138.2K0.02%+37,047New
AQR Capital Management LLC36,974$137.9K0.00%+36,974New
XTX Topco Ltd29,515$110.1K0.00%+29,515New
ADAR1 Capital Management, LLC28,415$106.0K0.02%+28,415New
Manufacturers Life Insurance Company, The27,262$101.7K0.00%+2,097+8.3%Added
Russell Investments Group, Ltd.24,820$92.6K0.00%−3,368−11.9%Reduced
Virtus Investment Advisers, Inc.23,927$89.2K0.03%−986−4.0%Reduced
Stoneridge Investment Partners LLC20,603$77.0K0.06%00.0%Unchanged
Voya Investment Management LLC20,181$75.3K0.00%+385+1.9%Added
Velan Capital Investment Management LP20,000$74.6K0.07%+3,000+17.6%Added
Dynamic Technology Lab Private Ltd19,745$74.0K0.01%+1,167+6.3%Added
ProShare Advisors LLC18,089$67.5K0.00%−962−5.0%Reduced
New York State Common Retirement Fund17,571$65.5K0.00%00.0%Unchanged
China Universal Asset Management Co., Ltd.17,541$65.4K0.01%+504+3.0%Added
JustInvest LLC16,611$62.0K0.00%+373+2.3%Added
Police & Firemen's Retirement System of New Jersey15,010$56.0K0.00%00.0%Unchanged
Zacks Investment Management14,864$55.4K0.00%+14,864New
Simplex Trading, LLC14,650$54.0K0.00%+14,650New
Landscape Capital Management, L.L.C.13,196$49.2K0.00%00.0%Unchanged
LeConte Wealth Management, LLC12,641$47.2K0.03%+12,641New
State Board of Administration of Florida Retirement System12,440$46.4K0.00%00.0%Unchanged
Canada Pension Plan Investment Board12,300$45.9K0.00%+12,300New
Engineers Gate Manager LP11,056$41.2K0.00%+11,056New
Sio Capital Management, LLC10,100$37.7K0.02%+100+1.0%Added
Vontobel Holding Ltd.10,000$37.3K0.00%−4,000−28.6%Reduced
Tower Research Capital LLC (TRC)8,197$30.6K0.00%+1,274+18.4%Added
Legal & General Group Plc6,765$25.2K0.00%+454+7.2%Added
Ameritas Investment Partners, Inc.5,640$21.0K0.00%00.0%Unchanged
California State Teachers Retirement System5,171$19.3K0.00%00.0%Unchanged