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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.

Q4 2025 vs. Q3 2025

How the institutions holding Terns Pharmaceuticals, Inc. changed between Q3 2025 and Q4 2025.

All holders in Q4 2025All holders in Q3 2025

13F holders of TERN: Q3 2025 compared with Q4 2025
MeasureQ3 2025Q4 2025Change
Holders141248+107
Shares88.6M122.6M+34.0M (+38.3%)
Value$665.7M$4.95B+$4.29B (+644.0%)

New holders (124)

Institutions that held Terns Pharmaceuticals, Inc. at the end of Q4 2025 but not at the end of Q3 2025.

Showing the largest 100 of 124 by value.

Institutions new to TERN in Q4 2025
InstitutionSharesValue% of portfolio
Vestal Point Capital, LP4,500,000$181.8M6.67%
Avoro Capital Advisors LLC4,350,000$175.7M1.73%
Janus Henderson Group PLC3,379,569$136.5M0.06%
Capitolis Liquid Global Markets LLC3,045,200$123.0M0.73%
Holocene Advisors, LP2,775,493$112.1M0.24%
Lord, Abbett & Co. LLC2,712,399$109.6M0.34%
Ameriprise Financial Inc1,894,381$76.5M0.02%
Nearwater Capital Markets, Ltd1,704,800$68.9M1.18%
Healthcare of Ontario Pension Plan Trust Fund1,515,400$61.2M0.10%
Toronto Dominion Bank1,400,802$56.6M0.10%
D. E. Shaw & Co., Inc.1,154,029$46.6M0.04%
Capital International Investors1,060,000$42.8M0.01%
Baker Bros. Advisors LP950,000$38.4M0.22%
Balyasny Asset Management LLC891,903$36.0M0.07%
Marshall Wace, LLP878,583$35.5M0.03%
First Turn Management, LLC872,049$35.2M4.03%
Samlyn Capital, LLC814,875$32.9M0.53%
Paradigm Biocapital Advisors LP810,286$32.7M0.88%
Logos Global Management LP750,000$30.3M2.02%
Farallon Capital Management, L.L.C.642,000$25.9M0.13%
Braidwell LP575,321$23.2M0.74%
Point72 Asset Management, L.P.573,700$23.2M0.04%
NEXTBio Capital Management LP551,190$22.3M13.06%
Affinity Asset Advisors, LLC550,000$22.2M1.60%
Mariner, LLC542,052$21.9M0.03%
Blackstone Group Inc.476,754$19.3M0.08%
KVP Capital Advisors, LP440,000$17.8M18.36%
Norges Bank395,205$16.0M0.00%
ExodusPoint Capital Management, LP375,673$15.2M0.17%
Boxer Capital Management, LLC375,000$15.2M3.32%
Evergreen Quality Fund GP, Ltd.360,200$14.6M0.29%
Atika Capital Management LLC321,165$13.0M1.81%
Patient Square Capital LP320,000$12.9M2.77%
Trails Edge Capital Partners, LP300,000$12.1M2.99%
Eagle Health Investments LP275,090$11.1M2.44%
J. Goldman & Co LP203,192$8.21M0.32%
Monashee Investment Management LLC197,313$7.97M4.49%
Squadron Capital Management LLC190,000$7.68M3.43%
Acadian Asset Management LLC189,025$7.63M0.01%
HighVista Strategies LLC175,462$7.09M1.83%
Armistice Capital, LLC172,479$6.97M0.17%
Nicholas Investment Partners, LP165,781$6.70M0.49%
Capricorn Fund Managers Ltd151,436$6.12M1.47%
Connor, Clark & Lunn Investment Management Ltd.137,478$5.55M0.01%
Catalio Capital Management, LP136,958$5.53M0.98%
Seven Fleet Capital Management LP130,413$5.27M3.57%
HRT Financial LP124,709$5.04M0.02%
EAM Investors, LLC108,986$4.40M0.49%
Rock Springs Capital Management LP108,481$4.38M0.22%
Alyeska Investment Group, L.P.100,000$4.04M0.01%
Jain Global LLC95,124$3.84M0.04%
Prosight Management, LP95,000$3.84M0.79%
Fred Alger Management, LLC89,872$3.63M0.01%
Hudson Bay Capital Management LP81,034$3.27M0.02%
TD Asset Management Inc78,624$3.18M0.00%
Tudor Investment Corp Et Al73,246$2.96M0.02%
Brevan Howard Capital Management LP71,413$2.89M0.06%
Quadrature Capital Ltd67,266$2.72M0.03%
Aquatic Capital Management LLC48,000$1.94M0.06%
SEI Investments Co47,115$1.90M0.00%
SG Americas Securities, LLC43,857$1.77M0.00%
Y-Intercept (Hong Kong) Ltd41,893$1.69M0.04%
Burkehill Global Management, LP40,000$1.62M0.11%
Erste Asset Management GmbH37,000$1.54M0.01%
FORA Capital, LLC33,728$1.36M0.17%
Harvest Investment Services, LLC33,286$1.34M0.25%
Polymer Capital Management (HK) LTD33,070$1.34M0.21%
Raymond James Financial Inc32,226$1.30M0.00%
Lighthouse Investment Partners, LLC30,000$1.21M0.04%
Maven Securities LTD30,000$1.21M0.15%
Walleye Capital LLC28,057$1.13M0.01%
Legato Capital Management LLC23,961$968.0K0.08%
STRS Ohio21,800$880.7K0.00%
Seven Grand Managers, LLC20,000$808.0K0.06%
Allianz Asset Management GmbH18,500$803.9K0.00%
XTX Topco Ltd17,032$688.1K0.02%
Engineers Gate Manager LP16,765$677.3K0.01%
State Board of Administration of Florida Retirement System16,710$675.1K0.00%
LPL Financial LLC16,609$671.0K0.00%
PSP Research LLC13,560$547.8K0.48%
Gsa Capital Partners LLP13,268$536.0K0.05%
Verition Fund Management LLC12,765$515.7K0.00%
Entropy Technologies, LP11,620$469.4K0.03%
Gotham Asset Management, LLC11,476$463.6K0.00%
NEOS Investment Management LLC10,394$419.9K0.00%
Dark Forest Capital Management LP10,369$418.9K0.02%
Tema ETFs LLC10,244$413.9K0.03%
Victory Capital Management Inc8,764$354.1K0.00%
Envestnet Asset Management Inc7,617$307.7K0.00%
Susquehanna International Group, LLP7,597$306.9K0.00%
Axq Capital, LP7,068$285.5K0.06%
Xponance, Inc.6,677$269.8K0.00%
Abel Hall, LLC6,395$258.4K0.06%
Blair William & Co6,050$244.4K0.00%
Commonwealth Equity Services, LLC5,984$241.8K0.00%
Arrowpoint Investment Partners (Singapore) Pte. Ltd.5,931$239.6K0.04%
Scientech Research LLC5,901$238.4K0.15%
Quantinno Capital Management LP5,846$236.2K0.00%
CIBC World Markets Corp5,674$229.2K0.00%
Mackenzie Financial Corp5,295$214.5K0.00%

Sold out (17)

Institutions that held Terns Pharmaceuticals, Inc. at the end of Q3 2025 and filed for Q4 2025 without it.