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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, 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: 138 institutionsQ2 2025: 130 institutionsQ3 2025: 141 institutionsQ4 2025: 248 institutionsQ1 2026: 317 institutionsQ2 2026: 1 institution
Value heldQ2 2025: $310.0M
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, 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
Deutsche Bank AG373,247$1.39M0.00%−12,230−3.2%Reduced
Schroder Investment Management Group376,204$1.40M0.00%00.0%Unchanged
Walleye Capital LLC376,559$1.40M0.01%−217,631−36.6%Reduced
Acuta Capital Partners, LLC463,864$1.73M2.42%+138,314+42.5%Added
Bank of America Corp493,805$1.84M0.00%−318,237−39.2%Reduced
BNP Paribas Arbitrage, SA506,777$1.89M0.00%+52,796+11.6%Added
Northern Trust Corp570,781$2.13M0.00%−13,407−2.3%Reduced
Integral Health Asset Management, LLC700,000$2.61M0.24%00.0%Unchanged
Parkman Healthcare Partners LLC817,808$3.05M0.35%−141,895−14.8%Reduced
Renaissance Technologies LLC922,534$3.44M0.00%−511,300−35.7%Reduced
Millennium Management LLC996,826$3.72M0.00%−120,616−10.8%Reduced
UBS Group AG1,171,619$4.37M0.00%+238,513+25.6%Added
Nuveen, LLC1,180,528$4.40M0.00%−225,373−16.0%Reduced
Franklin Resources Inc1,277,396$4.76M0.00%+1,277,396New
Adage Capital Partners GP, L.L.C.1,280,000$4.77M0.01%+1,280,000New
Superstring Capital Management LP1,286,681$4.80M5.98%−70,472−5.2%Reduced
State Street Corp1,373,441$5.12M0.00%+48,924+3.7%Added
Geode Capital Management, LLC1,633,349$6.09M0.00%+59,145+3.8%Added
Dimensional Fund Advisors LP1,650,950$6.16M0.00%−55,251−3.2%Reduced
Acorn Capital Advisors, LLC1,971,264$7.35M4.81%00.0%Unchanged
Candriam Luxembourg S.C.A.2,368,235$8.83M0.05%+214,266+9.9%Added
Schonfeld Strategic Advisors LLC3,049,891$11.4M0.09%−794,976−20.7%Reduced
Citadel Advisors LLC3,899,011$14.5M0.01%−8,876−0.2%Reduced
Vanguard Group Inc4,306,166$16.1M0.00%+154,010+3.7%Added
BlackRock, Inc.5,470,374$20.4M0.00%−236,258−4.1%Reduced
Vivo Capital, LLC6,895,746$25.7M2.63%00.0%Unchanged
Morgan Stanley7,253,469$27.1M0.00%+143,364+2.0%Added
Deep Track Capital, LP7,495,000$28.0M0.90%+1,918,442+34.4%Added
OrbiMed Advisors LLC7,562,971$28.2M0.71%00.0%Unchanged
Soleus Capital Management, L.P.8,167,100$30.5M2.10%00.0%Unchanged
Driehaus Capital Management LLC0$00.00%−763,486−100.0%Sold out
SG Americas Securities, LLC0$00.00%−413,822−100.0%Sold out
Polymer Capital Management (HK) LTD0$00.00%−239,110−100.0%Sold out
Point72 Asset Management, L.P.0$00.00%−160,725−100.0%Sold out
Marshall Wace, LLP0$00.00%−144,644−100.0%Sold out
Trexquant Investment LP0$00.00%−139,609−100.0%Sold out
Balyasny Asset Management LLC0$00.00%−127,887−100.0%Sold out
Martingale Asset Management L P0$00.00%−83,038−100.0%Sold out
EntryPoint Capital, LLC0$00.00%−73,293−100.0%Sold out
J. Goldman & Co LP0$00.00%−67,500−100.0%Sold out
State of Wisconsin Investment Board0$00.00%−41,502−100.0%Sold out
Man Group plc0$00.00%−38,472−100.0%Sold out
Corebridge Financial, Inc.0$00.00%−34,440−100.0%Sold out
Oxford Asset Management LLP0$00.00%−33,027−100.0%Sold out
Cubist Systematic Strategies, LLC0$00.00%−28,327−100.0%Sold out
HSBC Holdings PLC0$00.00%−23,515−100.0%Sold out
Axq Capital, LP0$00.00%−21,460−100.0%Sold out
Ameriprise Financial Inc0$00.00%−19,166−100.0%Sold out
Prelude Capital Management, LLC0$00.00%−17,500−100.0%Sold out
CIBC World Markets Corp0$00.00%−15,599−100.0%Sold out
Jump Financial, LLC0$00.00%−13,900−100.0%Sold out
Baird Financial Group, Inc.0$00.00%−13,665−100.0%Sold out
Nebula Research & Development LLC0$00.00%−12,637−100.0%Sold out
Point72 (DIFC) Ltd0$00.00%−11,948−100.0%Sold out
Thrive Wealth Management, LLC0$00.00%−10,500−100.0%Sold out
Public Employees Retirement System of Ohio0$00.00%−5,673−100.0%Sold out
HHM Wealth Advisors, LLC0$00.00%−1,400−100.0%Sold out
Coldstream Capital Management Inc0$00.00%−998−100.0%Sold out
Caitong International Asset Management Co., Ltd0$00.00%−531−100.0%Sold out
CoreCap Advisors, LLC0$00.00%−400−100.0%Sold out
Federated Hermes, Inc.0$00.00%−225−100.0%Sold out
Clear Street Markets LLC0$00.00%−184−100.0%Sold out