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, Q4 2025
Institutional positions in Terns Pharmaceuticals, Inc. as of Dec 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
- 248
- +107 vs. Q3 2025
- Shares held
- 122.6M
- +34.0M (+38.3%) vs. Q3 2025
- Total value
- $4.95B
- +$4.29B (+644.0%) vs. Q3 2025
- New holders
- 124
- 72 more added
- Sold out
- 17
- 42 more reduced
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 1 | $75.4K |
| Q1 2026 | 317 | $6.56B |
| Q4 2025 | 248 | $4.95B |
| Q3 2025 | 141 | $665.7M |
| Q2 2025 | 130 | $310.0M |
| Q1 2025 | 138 | $229.4M |
| Q4 2024 | 157 | $477.2M |
| Q3 2024 | 156 | $663.1M |
| Q2 2024 | 126 | $446.7M |
| Q1 2024 | 112 | $414.8M |
| Q4 2023 | 103 | $412.7M |
| Q3 2023 | 93 | $310.4M |
| Q2 2023 | 103 | $505.0M |
| Q1 2023 | 79 | $630.2M |
| Q4 2022 | 65 | $506.2M |
| Q3 2022 | 45 | $178.1M |
| Q2 2022 | 42 | $36.5M |
| Q1 2022 | 44 | $50.0M |
| Q4 2021 | 37 | $116.7M |
| Q3 2021 | 34 | $174.3M |
| Q2 2021 | 36 | $203.8M |
| Q1 2021 | 42 | $393.7M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Terns Pharmaceuticals, Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 8,194,218 | $331.0M | 0.01% | +2,642,910+47.6% | Added |
| Morgan Stanley | 7,945,608 | $321.0M | 0.02% | +356,513+4.7% | Added |
| Adage Capital Partners GP, L.L.C. | 5,550,000 | $224.2M | 0.34% | +1,611,000+40.9% | Added |
| Vanguard Group Inc | 5,523,948 | $223.2M | 0.00% | +964,031+21.1% | Added |
| Vivo Capital, LLC | 5,346,928 | $216.0M | 13.96% | −1,548,818−22.5% | Reduced |
| Vestal Point Capital, LP | 4,500,000 | $181.8M | 6.67% | +4,500,000 | New |
| Avoro Capital Advisors LLC | 4,350,000 | $175.7M | 1.73% | +4,350,000 | New |
| Janus Henderson Group PLC | 3,379,569 | $136.5M | 0.06% | +3,379,569 | New |
| Citadel Advisors LLC | 3,166,642 | $127.9M | 0.09% | +1,577,308+99.2% | Added |
| Capitolis Liquid Global Markets LLC | 3,045,200 | $123.0M | 0.73% | +3,045,200 | New |
| Holocene Advisors, LP | 2,775,493 | $112.1M | 0.24% | +2,775,493 | New |
| Franklin Resources Inc | 2,731,312 | $110.3M | 0.03% | +1,453,849+113.8% | Added |
| Lord, Abbett & Co. LLC | 2,712,399 | $109.6M | 0.34% | +2,712,399 | New |
| OrbiMed Advisors LLC | 2,153,300 | $87.0M | 1.78% | −5,409,671−71.5% | Reduced |
| Geode Capital Management, LLC | 2,096,642 | $84.7M | 0.01% | +382,090+22.3% | Added |
| Ameriprise Financial Inc | 1,894,381 | $76.5M | 0.02% | +1,894,381 | New |
| State Street Corp | 1,775,922 | $71.7M | 0.00% | +170,229+10.6% | Added |
| JPMorgan Chase & Co | 1,773,026 | $71.6M | 0.00% | +1,090,318+159.7% | Added |
| Acorn Capital Advisors, LLC | 1,746,264 | $70.5M | 23.90% | −225,000−11.4% | Reduced |
| Nearwater Capital Markets, Ltd | 1,704,800 | $68.9M | 1.18% | +1,704,800 | New |
| Ikarian Capital, LLC | 1,596,378 | $64.5M | 8.35% | +1,432,176+872.2% | Added |
| Pictet Asset Management Holding SA | 1,577,116 | $63.7M | 0.06% | +472,912+42.8% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 1,515,400 | $61.2M | 0.10% | +1,515,400 | New |
| Commodore Capital LP | 1,475,000 | $59.6M | 3.97% | −4,225,000−74.1% | Reduced |
| Toronto Dominion Bank | 1,400,802 | $56.6M | 0.10% | +1,400,802 | New |
| Woodline Partners LP | 1,377,283 | $55.6M | 0.22% | +1,085,228+371.6% | Added |
| Alliancebernstein L.P. | 1,288,079 | $52.0M | 0.02% | +1,195,179+1,286.5% | Added |
| Candriam Luxembourg S.C.A. | 1,262,303 | $51.0M | 0.25% | −1,105,932−46.7% | Reduced |
| Dimensional Fund Advisors LP | 1,247,763 | $50.4M | 0.01% | −208,638−14.3% | Reduced |
| D. E. Shaw & Co., Inc. | 1,154,029 | $46.6M | 0.04% | +1,154,029 | New |
| Nuveen, LLC | 1,078,157 | $43.6M | 0.01% | −395,214−26.8% | Reduced |
| Goldman Sachs Group Inc | 1,062,984 | $42.9M | 0.01% | +516,155+94.4% | Added |
| Capital International Investors | 1,060,000 | $42.8M | 0.01% | +1,060,000 | New |
| FMR LLC | 1,026,863 | $41.5M | 0.00% | +966,513+1,601.5% | Added |
| Millennium Management LLC | 987,306 | $39.9M | 0.03% | +45,722+4.9% | Added |
| Price T Rowe Associates Inc | 974,312 | $39.4M | 0.00% | +880,139+934.6% | Added |
| Baker Bros. Advisors LP | 950,000 | $38.4M | 0.22% | +950,000 | New |
| Balyasny Asset Management LLC | 891,903 | $36.0M | 0.07% | +891,903 | New |
| Marshall Wace, LLP | 878,583 | $35.5M | 0.03% | +878,583 | New |
| First Turn Management, LLC | 872,049 | $35.2M | 4.03% | +872,049 | New |
| Samlyn Capital, LLC | 814,875 | $32.9M | 0.53% | +814,875 | New |
| Paradigm Biocapital Advisors LP | 810,286 | $32.7M | 0.88% | +810,286 | New |
| Wellington Management Group LLP | 788,659 | $31.9M | 0.01% | +535,250+211.2% | Added |
| Deep Track Capital, LP | 769,048 | $31.1M | 0.71% | −6,725,952−89.7% | Reduced |
| Schonfeld Strategic Advisors LLC | 754,237 | $30.5M | 0.15% | −1,137,688−60.1% | Reduced |
| Logos Global Management LP | 750,000 | $30.3M | 2.02% | +750,000 | New |
| Charles Schwab Investment Management Inc | 737,160 | $29.8M | 0.00% | +153,892+26.4% | Added |
| Northern Trust Corp | 664,444 | $26.8M | 0.00% | +76,899+13.1% | Added |
| Farallon Capital Management, L.L.C. | 642,000 | $25.9M | 0.13% | +642,000 | New |
| Acuta Capital Partners, LLC | 637,095 | $25.7M | 17.48% | +134,298+26.7% | Added |
| Parkman Healthcare Partners LLC | 620,877 | $25.1M | 2.39% | −313,883−33.6% | Reduced |
| Invesco Ltd. | 606,247 | $24.5M | 0.00% | +128,573+26.9% | Added |
| Braidwell LP | 575,321 | $23.2M | 0.74% | +575,321 | New |
| Point72 Asset Management, L.P. | 573,700 | $23.2M | 0.04% | +573,700 | New |
| Bank of America Corp | 553,609 | $22.4M | 0.00% | −151,164−21.4% | Reduced |
| NEXTBio Capital Management LP | 551,190 | $22.3M | 13.06% | +551,190 | New |
| Affinity Asset Advisors, LLC | 550,000 | $22.2M | 1.60% | +550,000 | New |
| Mariner, LLC | 542,052 | $21.9M | 0.03% | +542,052 | New |
| ADAR1 Capital Management, LLC | 541,615 | $21.9M | 1.64% | +531,615+5,316.2% | Added |
| Blackstone Group Inc. | 476,754 | $19.3M | 0.08% | +476,754 | New |
| Renaissance Technologies LLC | 466,847 | $18.9M | 0.03% | −209,987−31.0% | Reduced |
| Boothbay Fund Management, LLC | 447,008 | $18.1M | 0.47% | +268,133+149.9% | Added |
| Superstring Capital Management LP | 443,777 | $17.9M | 9.60% | −345,869−43.8% | Reduced |
| KVP Capital Advisors, LP | 440,000 | $17.8M | 18.36% | +440,000 | New |
| StemPoint Capital LP | 429,198 | $17.3M | 2.98% | +339,581+378.9% | Added |
| Integral Health Asset Management, LLC | 425,000 | $17.2M | 0.87% | −525,000−55.3% | Reduced |
| Deutsche Bank AG | 401,446 | $16.2M | 0.01% | +20,697+5.4% | Added |
| Norges Bank | 395,205 | $16.0M | 0.00% | +395,205 | New |
| ExodusPoint Capital Management, LP | 375,673 | $15.2M | 0.17% | +375,673 | New |
| Boxer Capital Management, LLC | 375,000 | $15.2M | 3.32% | +375,000 | New |
| Evergreen Quality Fund GP, Ltd. | 360,200 | $14.6M | 0.29% | +360,200 | New |
| Diadema Partners LP | 345,880 | $14.0M | 8.32% | +22,721+7.0% | Added |
| UBS Group AG | 325,968 | $13.2M | 0.00% | −646,804−66.5% | Reduced |
| Atika Capital Management LLC | 321,165 | $13.0M | 1.81% | +321,165 | New |
| Patient Square Capital LP | 320,000 | $12.9M | 2.77% | +320,000 | New |
| Trails Edge Capital Partners, LP | 300,000 | $12.1M | 2.99% | +300,000 | New |
| Eagle Health Investments LP | 275,090 | $11.1M | 2.44% | +275,090 | New |
| Bank of New York Mellon Corp | 258,562 | $10.4M | 0.00% | +50,381+24.2% | Added |
| Russell Investments Group, Ltd. | 247,027 | $9.98M | 0.01% | +214,855+667.8% | Added |
| SummitTX Capital, L.P. | 215,854 | $8.72M | 0.26% | +204,148+1,744.0% | Added |
| Soleus Capital Management, L.P. | 212,710 | $8.59M | 0.36% | −7,914,390−97.4% | Reduced |
| J. Goldman & Co LP | 203,192 | $8.21M | 0.32% | +203,192 | New |
| Monashee Investment Management LLC | 197,313 | $7.97M | 4.49% | +197,313 | New |
| American Century Companies Inc | 192,751 | $7.79M | 0.00% | +27,705+16.8% | Added |
| Squadron Capital Management LLC | 190,000 | $7.68M | 3.43% | +190,000 | New |
| Acadian Asset Management LLC | 189,025 | $7.63M | 0.01% | +189,025 | New |
| HighVista Strategies LLC | 175,462 | $7.09M | 1.83% | +175,462 | New |
| Armistice Capital, LLC | 172,479 | $6.97M | 0.17% | +172,479 | New |
| Barclays PLC | 171,186 | $6.92M | 0.00% | +40,795+31.3% | Added |
| Nicholas Investment Partners, LP | 165,781 | $6.70M | 0.49% | +165,781 | New |
| Capricorn Fund Managers Ltd | 151,436 | $6.12M | 1.47% | +151,436 | New |
| Trexquant Investment LP | 150,049 | $6.06M | 0.05% | +111,826+292.6% | Added |
| Canada Pension Plan Investment Board | 144,800 | $5.85M | 0.00% | +143,400+10,242.9% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 137,478 | $5.55M | 0.01% | +137,478 | New |
| Catalio Capital Management, LP | 136,958 | $5.53M | 0.98% | +136,958 | New |
| Seven Fleet Capital Management LP | 130,413 | $5.27M | 3.57% | +130,413 | New |
| HRT Financial LP | 124,709 | $5.04M | 0.02% | +124,709 | New |
| Voya Investment Management LLC | 122,395 | $4.94M | 0.00% | +108,729+795.6% | Added |
| Persistent Asset Partners Ltd | 113,555 | $4.59M | 2.21% | +39,190+52.7% | Added |
| Platinum Investment Management Ltd | 110,734 | $4.47M | 1.03% | −14,422−11.5% | Reduced |