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 |
|---|---|---|---|---|---|
| E. Ohman J:or Asset Management AB | 21,202 | $856.6K | 0.02% | −81,208−79.3% | Reduced |
| STRS Ohio | 21,800 | $880.7K | 0.00% | +21,800 | New |
| Police & Firemen's Retirement System of New Jersey | 23,244 | $939.1K | 0.01% | +1,194+5.4% | Added |
| Legato Capital Management LLC | 23,961 | $968.0K | 0.08% | +23,961 | New |
| Squarepoint Ops LLC | 25,167 | $1.02M | 0.00% | +12,433+97.6% | Added |
| State of Wisconsin Investment Board | 25,874 | $1.05M | 0.00% | −19,608−43.1% | Reduced |
| Walleye Capital LLC | 28,057 | $1.13M | 0.01% | +28,057 | New |
| Creative Planning | 29,928 | $1.21M | 0.00% | +13,893+86.6% | Added |
| Lighthouse Investment Partners, LLC | 30,000 | $1.21M | 0.04% | +30,000 | New |
| Maven Securities LTD | 30,000 | $1.21M | 0.15% | +30,000 | New |
| Bridgeway Capital Management, LLC | 31,000 | $1.25M | 0.03% | −64,000−67.4% | Reduced |
| Raymond James Financial Inc | 32,226 | $1.30M | 0.00% | +32,226 | New |
| Intech Investment Management LLC | 32,921 | $1.33M | 0.01% | +1,928+6.2% | Added |
| Polymer Capital Management (HK) LTD | 33,070 | $1.34M | 0.21% | +33,070 | New |
| Harvest Investment Services, LLC | 33,286 | $1.34M | 0.25% | +33,286 | New |
| FORA Capital, LLC | 33,728 | $1.36M | 0.17% | +33,728 | New |
| Prudential Financial Inc | 34,300 | $1.39M | 0.00% | −34,820−50.4% | Reduced |
| Erste Asset Management GmbH | 37,000 | $1.54M | 0.01% | +37,000 | New |
| Mirae Asset Global ETFs Holdings Ltd. | 39,786 | $1.61M | 0.00% | +5,810+17.1% | Added |
| Burkehill Global Management, LP | 40,000 | $1.62M | 0.11% | +40,000 | New |
| Y-Intercept (Hong Kong) Ltd | 41,893 | $1.69M | 0.04% | +41,893 | New |
| SG Americas Securities, LLC | 43,857 | $1.77M | 0.00% | +43,857 | New |
| Two Sigma Investments, LP | 43,866 | $1.77M | 0.00% | +9,836+28.9% | Added |
| AQR Capital Management LLC | 46,324 | $1.87M | 0.00% | +6,140+15.3% | Added |
| SEI Investments Co | 47,115 | $1.90M | 0.00% | +47,115 | New |
| MetLife Investment Management | 47,938 | $1.94M | 0.01% | +2,342+5.1% | Added |
| Aquatic Capital Management LLC | 48,000 | $1.94M | 0.06% | +48,000 | New |
| New York State Common Retirement Fund | 65,303 | $2.64M | 0.00% | +47,732+271.7% | Added |
| Quadrature Capital Ltd | 67,266 | $2.72M | 0.03% | +67,266 | New |
| Citigroup Inc | 69,468 | $2.81M | 0.00% | +56,856+450.8% | Added |
| Velan Capital Investment Management LP | 70,000 | $2.83M | 1.65% | +50,000+250.0% | Added |
| Cinctive Capital Management LP | 70,159 | $2.83M | 0.16% | −7,396−9.5% | Reduced |
| Group One Trading, L.P. | 70,844 | $2.86M | 0.08% | +40,175+131.0% | Added |
| Brevan Howard Capital Management LP | 71,413 | $2.89M | 0.06% | +71,413 | New |
| Tudor Investment Corp Et Al | 73,246 | $2.96M | 0.02% | +73,246 | New |
| TD Asset Management Inc | 78,624 | $3.18M | 0.00% | +78,624 | New |
| Manufacturers Life Insurance Company, The | 79,775 | $3.23M | 0.00% | +54,851+220.1% | Added |
| Hudson Bay Capital Management LP | 81,034 | $3.27M | 0.02% | +81,034 | New |
| Jane Street Group, LLC | 88,837 | $3.59M | 0.00% | +24,589+38.3% | Added |
| Fred Alger Management, LLC | 89,872 | $3.63M | 0.01% | +89,872 | New |
| Prosight Management, LP | 95,000 | $3.84M | 0.79% | +95,000 | New |
| Jain Global LLC | 95,124 | $3.84M | 0.04% | +95,124 | New |
| Wells Fargo & Company | 96,308 | $3.89M | 0.00% | +40,716+73.2% | Added |
| Schroder Investment Management Group | 99,360 | $4.03M | 0.00% | −118,571−54.4% | Reduced |
| Alyeska Investment Group, L.P. | 100,000 | $4.04M | 0.01% | +100,000 | New |
| Rhumbline Advisers | 106,241 | $4.29M | 0.00% | +1,404+1.3% | Added |
| Rock Springs Capital Management LP | 108,481 | $4.38M | 0.22% | +108,481 | New |
| EAM Investors, LLC | 108,986 | $4.40M | 0.49% | +108,986 | New |
| Platinum Investment Management Ltd | 110,734 | $4.47M | 1.03% | −14,422−11.5% | Reduced |
| Persistent Asset Partners Ltd | 113,555 | $4.59M | 2.21% | +39,190+52.7% | Added |
| Voya Investment Management LLC | 122,395 | $4.94M | 0.00% | +108,729+795.6% | Added |
| HRT Financial LP | 124,709 | $5.04M | 0.02% | +124,709 | New |
| Seven Fleet Capital Management LP | 130,413 | $5.27M | 3.57% | +130,413 | New |
| Catalio Capital Management, LP | 136,958 | $5.53M | 0.98% | +136,958 | New |
| Connor, Clark & Lunn Investment Management Ltd. | 137,478 | $5.55M | 0.01% | +137,478 | New |
| Canada Pension Plan Investment Board | 144,800 | $5.85M | 0.00% | +143,400+10,242.9% | Added |
| Trexquant Investment LP | 150,049 | $6.06M | 0.05% | +111,826+292.6% | Added |
| Capricorn Fund Managers Ltd | 151,436 | $6.12M | 1.47% | +151,436 | New |
| Nicholas Investment Partners, LP | 165,781 | $6.70M | 0.49% | +165,781 | New |
| Barclays PLC | 171,186 | $6.92M | 0.00% | +40,795+31.3% | Added |
| Armistice Capital, LLC | 172,479 | $6.97M | 0.17% | +172,479 | New |
| HighVista Strategies LLC | 175,462 | $7.09M | 1.83% | +175,462 | New |
| Acadian Asset Management LLC | 189,025 | $7.63M | 0.01% | +189,025 | New |
| Squadron Capital Management LLC | 190,000 | $7.68M | 3.43% | +190,000 | New |
| American Century Companies Inc | 192,751 | $7.79M | 0.00% | +27,705+16.8% | Added |
| Monashee Investment Management LLC | 197,313 | $7.97M | 4.49% | +197,313 | New |
| J. Goldman & Co LP | 203,192 | $8.21M | 0.32% | +203,192 | New |
| Soleus Capital Management, L.P. | 212,710 | $8.59M | 0.36% | −7,914,390−97.4% | Reduced |
| SummitTX Capital, L.P. | 215,854 | $8.72M | 0.26% | +204,148+1,744.0% | Added |
| Russell Investments Group, Ltd. | 247,027 | $9.98M | 0.01% | +214,855+667.8% | Added |
| Bank of New York Mellon Corp | 258,562 | $10.4M | 0.00% | +50,381+24.2% | Added |
| Eagle Health Investments LP | 275,090 | $11.1M | 2.44% | +275,090 | New |
| Trails Edge Capital Partners, LP | 300,000 | $12.1M | 2.99% | +300,000 | New |
| Patient Square Capital LP | 320,000 | $12.9M | 2.77% | +320,000 | New |
| Atika Capital Management LLC | 321,165 | $13.0M | 1.81% | +321,165 | New |
| UBS Group AG | 325,968 | $13.2M | 0.00% | −646,804−66.5% | Reduced |
| Diadema Partners LP | 345,880 | $14.0M | 8.32% | +22,721+7.0% | Added |
| Evergreen Quality Fund GP, Ltd. | 360,200 | $14.6M | 0.29% | +360,200 | New |
| Boxer Capital Management, LLC | 375,000 | $15.2M | 3.32% | +375,000 | New |
| ExodusPoint Capital Management, LP | 375,673 | $15.2M | 0.17% | +375,673 | New |
| Norges Bank | 395,205 | $16.0M | 0.00% | +395,205 | New |
| Deutsche Bank AG | 401,446 | $16.2M | 0.01% | +20,697+5.4% | Added |
| Integral Health Asset Management, LLC | 425,000 | $17.2M | 0.87% | −525,000−55.3% | Reduced |
| StemPoint Capital LP | 429,198 | $17.3M | 2.98% | +339,581+378.9% | Added |
| KVP Capital Advisors, LP | 440,000 | $17.8M | 18.36% | +440,000 | New |
| Superstring Capital Management LP | 443,777 | $17.9M | 9.60% | −345,869−43.8% | Reduced |
| Boothbay Fund Management, LLC | 447,008 | $18.1M | 0.47% | +268,133+149.9% | Added |
| Renaissance Technologies LLC | 466,847 | $18.9M | 0.03% | −209,987−31.0% | Reduced |
| Blackstone Group Inc. | 476,754 | $19.3M | 0.08% | +476,754 | New |
| ADAR1 Capital Management, LLC | 541,615 | $21.9M | 1.64% | +531,615+5,316.2% | Added |
| Mariner, LLC | 542,052 | $21.9M | 0.03% | +542,052 | New |
| Affinity Asset Advisors, LLC | 550,000 | $22.2M | 1.60% | +550,000 | New |
| NEXTBio Capital Management LP | 551,190 | $22.3M | 13.06% | +551,190 | New |
| Bank of America Corp | 553,609 | $22.4M | 0.00% | −151,164−21.4% | Reduced |
| Point72 Asset Management, L.P. | 573,700 | $23.2M | 0.04% | +573,700 | New |
| Braidwell LP | 575,321 | $23.2M | 0.74% | +575,321 | New |
| Invesco Ltd. | 606,247 | $24.5M | 0.00% | +128,573+26.9% | Added |
| Parkman Healthcare Partners LLC | 620,877 | $25.1M | 2.39% | −313,883−33.6% | Reduced |
| Acuta Capital Partners, LLC | 637,095 | $25.7M | 17.48% | +134,298+26.7% | Added |
| Farallon Capital Management, L.L.C. | 642,000 | $25.9M | 0.13% | +642,000 | New |