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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
American Century Companies Inc165,046$1.24M0.00%+35,378+27.3%Added
Boothbay Fund Management, LLC178,875$1.34M0.03%+122,411+216.8%Added
Bank of New York Mellon Corp208,181$1.56M0.00%+5,967+3.0%Added
Schroder Investment Management Group217,931$1.70M0.00%−158,273−42.1%Reduced
Wellington Management Group LLP253,409$1.90M0.00%−81,760−24.4%Reduced
Woodline Partners LP292,055$2.19M0.01%−9,557−3.2%Reduced
Diadema Partners LP323,159$2.43M1.69%+63,307+24.4%Added
Salem Investment Counselors Inc346,850$2.60M0.07%00.0%Unchanged
Deutsche Bank AG380,749$2.86M0.00%+7,502+2.0%Added
Invesco Ltd.477,674$3.59M0.00%+383,140+405.3%Added
Acuta Capital Partners, LLC502,797$3.78M3.90%+38,933+8.4%Added
Goldman Sachs Group Inc546,829$4.11M0.00%+220,596+67.6%Added
Charles Schwab Investment Management Inc583,268$4.38M0.00%+359,048+160.1%Added
Northern Trust Corp587,545$4.41M0.00%+16,764+2.9%Added
Renaissance Technologies LLC676,834$5.08M0.01%−245,700−26.6%Reduced
JPMorgan Chase & Co682,708$5.13M0.00%+324,502+90.6%Added
Bank of America Corp704,773$5.29M0.00%+210,968+42.7%Added
Superstring Capital Management LP789,646$5.93M5.84%−497,035−38.6%Reduced
Parkman Healthcare Partners LLC934,760$7.02M0.77%+116,952+14.3%Added
Millennium Management LLC941,584$7.07M0.01%−55,242−5.5%Reduced
Integral Health Asset Management, LLC950,000$7.13M0.52%+250,000+35.7%Added
UBS Group AG972,772$7.31M0.00%−198,847−17.0%Reduced
Pictet Asset Management Holding SA1,104,204$8.29M0.01%+1,104,204New
Franklin Resources Inc1,277,463$9.59M0.00%+670.0%Added
Dimensional Fund Advisors LP1,456,401$10.9M0.00%−194,549−11.8%Reduced
Nuveen, LLC1,473,371$11.1M0.00%+292,843+24.8%Added
Citadel Advisors LLC1,589,334$11.9M0.01%−2,309,677−59.2%Reduced
State Street Corp1,605,693$12.1M0.00%+232,252+16.9%Added
Geode Capital Management, LLC1,714,552$12.9M0.00%+81,203+5.0%Added
Schonfeld Strategic Advisors LLC1,891,925$14.2M0.10%−1,157,966−38.0%Reduced
Acorn Capital Advisors, LLC1,971,264$14.8M7.52%00.0%Unchanged
Candriam Luxembourg S.C.A.2,368,235$17.8M0.09%00.0%Unchanged
Adage Capital Partners GP, L.L.C.3,939,000$29.6M0.05%+2,659,000+207.7%Added
Vanguard Group Inc4,559,917$34.2M0.00%+253,751+5.9%Added
BlackRock, Inc.5,551,308$41.7M0.00%+80,934+1.5%Added
Commodore Capital LP5,700,000$42.8M2.09%+5,700,000New
Vivo Capital, LLC6,895,746$51.8M4.17%00.0%Unchanged
Deep Track Capital, LP7,495,000$56.3M1.57%00.0%Unchanged
OrbiMed Advisors LLC7,562,971$56.8M1.36%00.0%Unchanged
Morgan Stanley7,589,095$57.0M0.00%+335,626+4.6%Added
Soleus Capital Management, L.P.8,127,100$61.0M3.26%−40,000−0.5%Reduced
Walleye Capital LLC0$00.00%−376,559−100.0%Sold out
Two Sigma Advisers, LP0$00.00%−316,836−100.0%Sold out
UBS Oconnor LLC0$00.00%−273,619−100.0%Sold out
LPL Financial LLC0$00.00%−241,825−100.0%Sold out
Infinitum Asset Management, LLC0$00.00%−200,000−100.0%Sold out
Susquehanna International Group, LLP0$00.00%−87,623−100.0%Sold out
XTX Topco Ltd0$00.00%−29,515−100.0%Sold out
Simplex Trading, LLC0$00.00%−14,650−100.0%Sold out
LeConte Wealth Management, LLC0$00.00%−12,641−100.0%Sold out
State Board of Administration of Florida Retirement System0$00.00%−12,440−100.0%Sold out
Engineers Gate Manager LP0$00.00%−11,056−100.0%Sold out
Vontobel Holding Ltd.0$00.00%−10,000−100.0%Sold out
Mid-American Wealth Advisory Group, Inc.0$00.00%−301−100.0%Sold out
Skopos Labs, Inc.0$00.00%−145−100.0%Sold out
IFP Advisors, Inc0$00.00%0Sold out