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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, 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.

Institutional holdersQ4 2025: 248 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 heldQ4 2025: $4.95B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Terns Pharmaceuticals, Inc.; share changes are against Q3 2025.

Institutions holding TERN in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Capital Advisors, Ltd. LLC5$00.00%−84−94.4%Reduced
Global Retirement Partners, LLC1$400.00%−41−97.6%Reduced
Farther Finance Advisors, LLC2$810.00%+2New
Stone House Investment Management, LLC3$1210.00%+3New
Hughes Financial Services, LLC3$1210.00%+3New
Essential Partners LLC8$3230.00%00.0%Unchanged
Larson Financial Group LLC11$4440.00%+11New
Bell Investment Advisors, Inc12$4850.00%+12New
Bare Financial Services, Inc12$4850.00%+12New
Signaturefd, LLC22$8890.00%+22New
Smartleaf Asset Management LLC32$1.30K0.00%+32New
Parkside Financial Bank & Trust35$1.41K0.00%+35New
Atlantic Union Bankshares Corp36$1.46K0.00%+36New
Bellevue Asset Management, LLC43$1.74K0.00%+43New
Cornerstone Financial Management LLC58$2.34K0.00%+58New
Pinnacle Wealth Planning Services, Inc.64$2.59K0.00%+64New
Sunbelt Securities, Inc.71$2.87K0.00%00.0%Unchanged
Leonteq Securities AG100$4.04K0.00%+100New
Comerica Bank105$4.24K0.00%+105New
Kilter Group LLC116$4.69K0.00%00.0%Unchanged
Accent Capital Management, LLC125$5.05K0.00%+125New
Basecamp Wealth Advisors LLC140$5.66K0.00%+140New
Rialto Wealth Management, LLC162$6.54K0.00%00.0%Unchanged
Federated Hermes, Inc.169$6.83K0.00%+169New
MAI Capital Management189$7.64K0.00%00.0%Unchanged
SBI Securities Co., Ltd.202$8.16K0.00%+77+61.6%Added
Massmutual Trust Co FSB240$9.70K0.00%+74+44.6%Added
Daiwa Securities Group Inc.260$11.0K0.00%+109+72.2%Added
Rockefeller Capital Management L.P.274$11.1K0.00%+211+334.9%Added
SRS Capital Advisors, Inc.290$11.7K0.00%+143+97.3%Added
Rothschild Investment LLC311$12.6K0.00%+31+11.1%Added
Allworth Financial LP320$12.9K0.00%+92+40.4%Added
Parallel Advisors, LLC348$14.1K0.00%−1,815−83.9%Reduced
Fortitude Family Office, LLC461$18.6K0.00%00.0%Unchanged
Bessemer Group Inc541$22.0K0.00%+541New
UBS Asset Management Americas Inc618$25.0K0.00%+618New
GAMMA Investing LLC871$35.2K0.00%+770+762.4%Added
The PNC Financial Services Group, Inc.936$37.8K0.00%−147−13.6%Reduced
Country Trust Bank1,000$40.4K0.00%00.0%Unchanged
Quest Partners LLC1,008$40.7K0.00%−89,875−98.9%Reduced
iA Global Asset Management Inc.1,073$43.0K0.00%+1,073New
Quadrant Capital Group LLC1,165$47.1K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)1,611$65.1K0.00%−701−30.3%Reduced
GF Fund Management Co. Ltd.1,770$71.5K0.00%−113−6.0%Reduced
FNY Investment Advisers, LLC2,000$80.0K0.02%+2,000New
Advisor Group Holdings, Inc.2,185$88.3K0.00%+175+8.7%Added
EverSource Wealth Advisors, LLC2,207$89.2K0.00%+841+61.6%Added
Amalgamated Bank2,694$109.0K0.00%+268+11.0%Added
CWM, LLC2,790$113.0K0.00%+13+0.5%Added
Royal Bank of Canada3,070$123.0K0.00%−12,643−80.5%Reduced
Nisa Investment Advisors, LLC3,398$137.3K0.00%−953−21.9%Reduced
Mirae Asset Global Investments Co., Ltd.4,377$176.8K0.00%+994+29.4%Added
US Bancorp4,607$186.1K0.00%+4,066+751.6%Added
Sterling Capital Management LLC4,943$199.7K0.00%−46−0.9%Reduced
DLD Asset Management, LP5,000$202.0K0.02%−5,000−50.0%Reduced
CIBC Private Wealth Group, LLC5,000$202.0K0.00%00.0%Unchanged
EntryPoint Capital, LLC5,096$205.9K0.08%+5,096New
Rafferty Asset Management, LLC5,241$211.7K0.00%+5,241New
California State Teachers Retirement System5,280$213.3K0.00%+105+2.0%Added
Mackenzie Financial Corp5,295$214.5K0.00%+5,295New
Winton Group Ltd5,600$226.2K0.01%−60,081−91.5%Reduced
CIBC World Markets Corp5,674$229.2K0.00%+5,674New
Quantinno Capital Management LP5,846$236.2K0.00%+5,846New
Scientech Research LLC5,901$238.4K0.15%+5,901New
Virtus Investment Advisers, Inc.5,912$238.8K0.06%−23,041−79.6%Reduced
Arrowpoint Investment Partners (Singapore) Pte. Ltd.5,931$239.6K0.04%+5,931New
Commonwealth Equity Services, LLC5,984$241.8K0.00%+5,984New
Blair William & Co6,050$244.4K0.00%+6,050New
Abel Hall, LLC6,395$258.4K0.06%+6,395New
Xponance, Inc.6,677$269.8K0.00%+6,677New
Ameritas Investment Partners, Inc.6,961$281.2K0.01%+1,321+23.4%Added
Axq Capital, LP7,068$285.5K0.06%+7,068New
Profund Advisors LLC7,261$293.3K0.01%−5,498−43.1%Reduced
Susquehanna International Group, LLP7,597$306.9K0.00%+7,597New
Envestnet Asset Management Inc7,617$307.7K0.00%+7,617New
Qube Research & Technologies Ltd7,664$309.6K0.00%−69,118−90.0%Reduced
Victory Capital Management Inc8,764$354.1K0.00%+8,764New
Fox Run Management, L.L.C.8,891$359.2K0.06%−2,719−23.4%Reduced
GWM Advisors LLC9,173$370.6K0.00%+6,475+240.0%Added
Sio Capital Management, LLC10,100$408.0K0.07%00.0%Unchanged
Tema ETFs LLC10,244$413.9K0.03%+10,244New
Dark Forest Capital Management LP10,369$418.9K0.02%+10,369New
NEOS Investment Management LLC10,394$419.9K0.00%+10,394New
Graham Capital Management, L.P.10,958$442.7K0.02%−13,336−54.9%Reduced
Gotham Asset Management, LLC11,476$463.6K0.00%+11,476New
Entropy Technologies, LP11,620$469.4K0.03%+11,620New
Verition Fund Management LLC12,765$515.7K0.00%+12,765New
Gsa Capital Partners LLP13,268$536.0K0.05%+13,268New
PSP Research LLC13,560$547.8K0.48%+13,560New
China Universal Asset Management Co., Ltd.14,878$601.1K0.05%−461−3.0%Reduced
LPL Financial LLC16,609$671.0K0.00%+16,609New
State Board of Administration of Florida Retirement System16,710$675.1K0.00%+16,710New
Engineers Gate Manager LP16,765$677.3K0.01%+16,765New
XTX Topco Ltd17,032$688.1K0.02%+17,032New
Legal & General Group Plc18,058$729.5K0.00%+11,834+190.1%Added
JustInvest LLC18,555$749.6K0.01%+906+5.1%Added
ProShare Advisors LLC19,654$794.0K0.00%+4,173+27.0%Added
Allianz Asset Management GmbH18,500$803.9K0.00%+18,500New
Seven Grand Managers, LLC20,000$808.0K0.06%+20,000New
BNP Paribas Arbitrage, SA20,353$822.3K0.00%−65,956−76.4%Reduced