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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, Q3 2025

Institutional positions in Terns Pharmaceuticals, Inc. as of Sep 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
141
+11 vs. Q2 2025
Shares held
88.6M
+5.52M (+6.6%) vs. Q2 2025
Total value
$665.7M
+$355.7M (+114.7%) vs. Q2 2025
New holders
26
44 more added
Sold out
15
42 more reduced

Compare with Q2 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 holdersQ3 2025: 141 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 heldQ3 2025: $665.7M
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, Q3 2025

Shares, value and share of portfolio for each institution holding Terns Pharmaceuticals, Inc.; share changes are against Q2 2025.

Institutions holding TERN in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Essential Partners LLC8$600.00%00.0%Unchanged
Global Retirement Partners, LLC42$3150.00%00.0%Unchanged
LGT Financial Advisors LLC50$3760.00%+50New
Rockefeller Capital Management L.P.63$4730.00%+63New
Sunbelt Securities, Inc.71$5330.00%+71New
GAMMA Investing LLC101$7590.00%+101New
Kilter Group LLC116$8720.00%+116New
SBI Securities Co., Ltd.125$9390.00%−99−44.2%Reduced
Daiwa Securities Group Inc.151$1.00K0.00%00.0%Unchanged
Capital Advisors, Ltd. LLC89$1.00K0.00%00.0%Unchanged
SRS Capital Advisors, Inc.147$1.10K0.00%+147New
Rialto Wealth Management, LLC162$1.22K0.00%00.0%Unchanged
Massmutual Trust Co FSB166$1.25K0.00%+166New
MAI Capital Management189$1.42K0.00%00.0%Unchanged
Allworth Financial LP228$1.71K0.00%−260−53.3%Reduced
Rothschild Investment LLC280$2.10K0.00%00.0%Unchanged
ZRC Wealth Management, LLC281$2.11K0.00%00.0%Unchanged
Rise Advisors, LLC445$3.34K0.00%+83+22.9%Added
Optiver Holding B.V.456$3.42K0.00%+456New
Fortitude Family Office, LLC461$3.46K0.00%+125+37.2%Added
US Bancorp541$4.06K0.00%−1,130−67.6%Reduced
Caitong International Asset Management Co., Ltd651$4.89K0.00%+651New
Country Trust Bank1,000$7.51K0.00%00.0%Unchanged
The PNC Financial Services Group, Inc.1,083$8.13K0.00%+304+39.0%Added
Quadrant Capital Group LLC1,165$8.75K0.00%+1,165New
EverSource Wealth Advisors, LLC1,366$10.3K0.00%+81+6.3%Added
Canada Pension Plan Investment Board1,400$10.5K0.00%−10,900−88.6%Reduced
GF Fund Management Co. Ltd.1,883$14.1K0.00%−291−13.4%Reduced
Advisor Group Holdings, Inc.2,010$15.7K0.00%+2,000+20,000.0%Added
Parallel Advisors, LLC2,163$16.2K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)2,312$17.4K0.00%−5,885−71.8%Reduced
Amalgamated Bank2,426$18.0K0.00%00.0%Unchanged
GWM Advisors LLC2,698$20.3K0.00%00.0%Unchanged
CWM, LLC2,777$21.0K0.00%+154+5.9%Added
Mirae Asset Global Investments Co., Ltd.3,383$25.4K0.00%+9+0.3%Added
Nisa Investment Advisors, LLC4,351$32.7K0.00%00.0%Unchanged
Sterling Capital Management LLC4,989$37.5K0.00%+3,109+165.4%Added
CIBC Private Wealth Group, LLC5,000$37.5K0.00%00.0%Unchanged
California State Teachers Retirement System5,175$38.9K0.00%+4+0.1%Added
Ameritas Investment Partners, Inc.5,640$42.4K0.00%00.0%Unchanged
Legal & General Group Plc6,224$46.7K0.00%−541−8.0%Reduced
DLD Asset Management, LP10,000$75.1K0.01%−27,047−73.0%Reduced
ADAR1 Capital Management, LLC10,000$75.1K0.01%−18,415−64.8%Reduced
Sio Capital Management, LLC10,100$75.9K0.02%00.0%Unchanged
Polymer Capital Management (US) LLC10,144$76.2K0.01%+10,144New
Fox Run Management, L.L.C.11,610$87.2K0.01%+11,610New
SummitTX Capital, L.P.11,706$87.9K0.00%−103,145−89.8%Reduced
Oppenheimer & Co Inc12,466$93.6K0.00%+12,466New
Citigroup Inc12,612$94.7K0.00%−25,662−67.0%Reduced
Squarepoint Ops LLC12,734$95.6K0.00%−75,104−85.5%Reduced
Profund Advisors LLC12,759$95.8K0.00%+12,759New
Landscape Capital Management, L.L.C.13,196$99.1K0.01%00.0%Unchanged
Voya Investment Management LLC13,666$102.6K0.00%−6,515−32.3%Reduced
Caxton Associates LLP15,168$113.9K0.00%+15,168New
China Universal Asset Management Co., Ltd.15,339$115.2K0.01%−2,202−12.6%Reduced
ProShare Advisors LLC15,481$116.3K0.00%−2,608−14.4%Reduced
Royal Bank of Canada15,713$117.0K0.00%−178,632−91.9%Reduced
Creative Planning16,035$120.4K0.00%+16,035New
Stoneridge Investment Partners LLC16,867$127.0K0.09%−3,736−18.1%Reduced
New York State Common Retirement Fund17,571$132.0K0.00%00.0%Unchanged
JustInvest LLC17,649$132.5K0.00%+1,038+6.2%Added
Velan Capital Investment Management LP20,000$150.2K0.14%00.0%Unchanged
Police & Firemen's Retirement System of New Jersey22,050$165.6K0.00%+7,040+46.9%Added
Graham Capital Management, L.P.24,294$182.4K0.01%−49,674−67.2%Reduced
Manufacturers Life Insurance Company, The24,924$187.2K0.00%−2,338−8.6%Reduced
Virtus Investment Advisers, Inc.28,953$217.4K0.06%+5,026+21.0%Added
Group One Trading, L.P.30,669$230.3K0.01%+30,669New
Intech Investment Management LLC30,993$232.8K0.00%−15,128−32.8%Reduced
Russell Investments Group, Ltd.32,172$241.6K0.00%+7,352+29.6%Added
Mirae Asset Global ETFs Holdings Ltd.33,976$255.2K0.00%−5,808−14.6%Reduced
Two Sigma Investments, LP34,030$255.6K0.00%−170,927−83.4%Reduced
Zacks Investment Management36,100$271.1K0.00%+21,236+142.9%Added
Trexquant Investment LP38,223$287.1K0.00%+38,223New
AQR Capital Management LLC40,184$301.8K0.00%+3,210+8.7%Added
Alps Advisors Inc42,630$320.2K0.00%−4,526−9.6%Reduced
State of Wisconsin Investment Board45,482$341.6K0.00%+45,482New
MetLife Investment Management45,596$342.4K0.00%00.0%Unchanged
Wells Fargo & Company55,592$417.5K0.00%+9,041+19.4%Added
FMR LLC60,350$453.2K0.00%+1,401+2.4%Added
Jane Street Group, LLC64,248$482.5K0.00%+64,248New
Winton Group Ltd65,681$493.3K0.02%+65,681New
Dynamic Technology Lab Private Ltd66,576$500.0K0.08%+46,831+237.2%Added
Prudential Financial Inc69,120$519.1K0.00%+69,120New
Persistent Asset Partners Ltd74,365$558.5K0.40%+14,568+24.4%Added
Qube Research & Technologies Ltd76,782$576.6K0.00%−259,883−77.2%Reduced
Cinctive Capital Management LP77,555$582.4K0.03%−32,442−29.5%Reduced
BNP Paribas Arbitrage, SA86,309$648.2K0.00%−420,468−83.0%Reduced
StemPoint Capital LP89,617$673.0K0.14%+89,617New
Quest Partners LLC90,883$682.5K0.04%+90,882+9,088,200.0%Added
Alliancebernstein L.P.92,900$697.7K0.00%00.0%Unchanged
Price T Rowe Associates Inc94,173$708.0K0.00%+14,605+18.4%Added
Bridgeway Capital Management, LLC95,000$713.5K0.02%00.0%Unchanged
E. Ohman J:or Asset Management AB102,410$769.1K0.02%00.0%Unchanged
Rhumbline Advisers104,837$787.3K0.00%−1,614−1.5%Reduced
Exchange Traded Concepts, LLC121,455$912.1K0.01%−106,392−46.7%Reduced
Platinum Investment Management Ltd125,156$939.9K0.06%+125,156New
Barclays PLC130,391$979.2K0.00%−114,246−46.7%Reduced
Samsara BioCapital, LLC135,573$1.02M0.13%−66,775−33.0%Reduced
Jacobs Levy Equity Management, Inc136,979$1.03M0.00%−65,591−32.4%Reduced
Ikarian Capital, LLC164,202$1.23M0.28%+105,711+180.7%Added