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 |
|---|---|---|---|---|---|
| EAM Investors, LLC | 108,986 | $4.40M | 0.49% | +108,986 | New |
| Rock Springs Capital Management LP | 108,481 | $4.38M | 0.22% | +108,481 | New |
| Rhumbline Advisers | 106,241 | $4.29M | 0.00% | +1,404+1.3% | Added |
| Alyeska Investment Group, L.P. | 100,000 | $4.04M | 0.01% | +100,000 | New |
| Schroder Investment Management Group | 99,360 | $4.03M | 0.00% | −118,571−54.4% | Reduced |
| Wells Fargo & Company | 96,308 | $3.89M | 0.00% | +40,716+73.2% | Added |
| Jain Global LLC | 95,124 | $3.84M | 0.04% | +95,124 | New |
| Prosight Management, LP | 95,000 | $3.84M | 0.79% | +95,000 | New |
| Fred Alger Management, LLC | 89,872 | $3.63M | 0.01% | +89,872 | New |
| Jane Street Group, LLC | 88,837 | $3.59M | 0.00% | +24,589+38.3% | Added |
| Hudson Bay Capital Management LP | 81,034 | $3.27M | 0.02% | +81,034 | New |
| Manufacturers Life Insurance Company, The | 79,775 | $3.23M | 0.00% | +54,851+220.1% | Added |
| TD Asset Management Inc | 78,624 | $3.18M | 0.00% | +78,624 | New |
| Tudor Investment Corp Et Al | 73,246 | $2.96M | 0.02% | +73,246 | New |
| Brevan Howard Capital Management LP | 71,413 | $2.89M | 0.06% | +71,413 | New |
| Group One Trading, L.P. | 70,844 | $2.86M | 0.08% | +40,175+131.0% | Added |
| Cinctive Capital Management LP | 70,159 | $2.83M | 0.16% | −7,396−9.5% | Reduced |
| Velan Capital Investment Management LP | 70,000 | $2.83M | 1.65% | +50,000+250.0% | Added |
| Citigroup Inc | 69,468 | $2.81M | 0.00% | +56,856+450.8% | Added |
| Quadrature Capital Ltd | 67,266 | $2.72M | 0.03% | +67,266 | New |
| New York State Common Retirement Fund | 65,303 | $2.64M | 0.00% | +47,732+271.7% | Added |
| Aquatic Capital Management LLC | 48,000 | $1.94M | 0.06% | +48,000 | New |
| MetLife Investment Management | 47,938 | $1.94M | 0.01% | +2,342+5.1% | Added |
| SEI Investments Co | 47,115 | $1.90M | 0.00% | +47,115 | New |
| AQR Capital Management LLC | 46,324 | $1.87M | 0.00% | +6,140+15.3% | Added |
| Two Sigma Investments, LP | 43,866 | $1.77M | 0.00% | +9,836+28.9% | Added |
| SG Americas Securities, LLC | 43,857 | $1.77M | 0.00% | +43,857 | New |
| Y-Intercept (Hong Kong) Ltd | 41,893 | $1.69M | 0.04% | +41,893 | New |
| Burkehill Global Management, LP | 40,000 | $1.62M | 0.11% | +40,000 | New |
| Mirae Asset Global ETFs Holdings Ltd. | 39,786 | $1.61M | 0.00% | +5,810+17.1% | Added |
| Erste Asset Management GmbH | 37,000 | $1.54M | 0.01% | +37,000 | New |
| Prudential Financial Inc | 34,300 | $1.39M | 0.00% | −34,820−50.4% | Reduced |
| FORA Capital, LLC | 33,728 | $1.36M | 0.17% | +33,728 | New |
| Harvest Investment Services, LLC | 33,286 | $1.34M | 0.25% | +33,286 | New |
| Polymer Capital Management (HK) LTD | 33,070 | $1.34M | 0.21% | +33,070 | New |
| Intech Investment Management LLC | 32,921 | $1.33M | 0.01% | +1,928+6.2% | Added |
| Raymond James Financial Inc | 32,226 | $1.30M | 0.00% | +32,226 | New |
| Bridgeway Capital Management, LLC | 31,000 | $1.25M | 0.03% | −64,000−67.4% | Reduced |
| 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 |
| Creative Planning | 29,928 | $1.21M | 0.00% | +13,893+86.6% | Added |
| Walleye Capital LLC | 28,057 | $1.13M | 0.01% | +28,057 | New |
| State of Wisconsin Investment Board | 25,874 | $1.05M | 0.00% | −19,608−43.1% | Reduced |
| Squarepoint Ops LLC | 25,167 | $1.02M | 0.00% | +12,433+97.6% | Added |
| Legato Capital Management LLC | 23,961 | $968.0K | 0.08% | +23,961 | New |
| Police & Firemen's Retirement System of New Jersey | 23,244 | $939.1K | 0.01% | +1,194+5.4% | Added |
| STRS Ohio | 21,800 | $880.7K | 0.00% | +21,800 | New |
| E. Ohman J:or Asset Management AB | 21,202 | $856.6K | 0.02% | −81,208−79.3% | Reduced |
| BNP Paribas Arbitrage, SA | 20,353 | $822.3K | 0.00% | −65,956−76.4% | Reduced |
| Seven Grand Managers, LLC | 20,000 | $808.0K | 0.06% | +20,000 | New |
| Allianz Asset Management GmbH | 18,500 | $803.9K | 0.00% | +18,500 | New |
| ProShare Advisors LLC | 19,654 | $794.0K | 0.00% | +4,173+27.0% | Added |
| JustInvest LLC | 18,555 | $749.6K | 0.01% | +906+5.1% | Added |
| Legal & General Group Plc | 18,058 | $729.5K | 0.00% | +11,834+190.1% | Added |
| XTX Topco Ltd | 17,032 | $688.1K | 0.02% | +17,032 | New |
| Engineers Gate Manager LP | 16,765 | $677.3K | 0.01% | +16,765 | New |
| State Board of Administration of Florida Retirement System | 16,710 | $675.1K | 0.00% | +16,710 | New |
| LPL Financial LLC | 16,609 | $671.0K | 0.00% | +16,609 | New |
| China Universal Asset Management Co., Ltd. | 14,878 | $601.1K | 0.05% | −461−3.0% | Reduced |
| PSP Research LLC | 13,560 | $547.8K | 0.48% | +13,560 | New |
| Gsa Capital Partners LLP | 13,268 | $536.0K | 0.05% | +13,268 | New |
| Verition Fund Management LLC | 12,765 | $515.7K | 0.00% | +12,765 | New |
| Entropy Technologies, LP | 11,620 | $469.4K | 0.03% | +11,620 | New |
| Gotham Asset Management, LLC | 11,476 | $463.6K | 0.00% | +11,476 | New |
| Graham Capital Management, L.P. | 10,958 | $442.7K | 0.02% | −13,336−54.9% | Reduced |
| NEOS Investment Management LLC | 10,394 | $419.9K | 0.00% | +10,394 | New |
| Dark Forest Capital Management LP | 10,369 | $418.9K | 0.02% | +10,369 | New |
| Tema ETFs LLC | 10,244 | $413.9K | 0.03% | +10,244 | New |
| Sio Capital Management, LLC | 10,100 | $408.0K | 0.07% | 00.0% | Unchanged |
| GWM Advisors LLC | 9,173 | $370.6K | 0.00% | +6,475+240.0% | Added |
| Fox Run Management, L.L.C. | 8,891 | $359.2K | 0.06% | −2,719−23.4% | Reduced |
| Victory Capital Management Inc | 8,764 | $354.1K | 0.00% | +8,764 | New |
| Qube Research & Technologies Ltd | 7,664 | $309.6K | 0.00% | −69,118−90.0% | Reduced |
| Envestnet Asset Management Inc | 7,617 | $307.7K | 0.00% | +7,617 | New |
| Susquehanna International Group, LLP | 7,597 | $306.9K | 0.00% | +7,597 | New |
| Profund Advisors LLC | 7,261 | $293.3K | 0.01% | −5,498−43.1% | Reduced |
| Axq Capital, LP | 7,068 | $285.5K | 0.06% | +7,068 | New |
| Ameritas Investment Partners, Inc. | 6,961 | $281.2K | 0.01% | +1,321+23.4% | Added |
| Xponance, Inc. | 6,677 | $269.8K | 0.00% | +6,677 | New |
| Abel Hall, LLC | 6,395 | $258.4K | 0.06% | +6,395 | New |
| Blair William & Co | 6,050 | $244.4K | 0.00% | +6,050 | New |
| Commonwealth Equity Services, LLC | 5,984 | $241.8K | 0.00% | +5,984 | New |
| Arrowpoint Investment Partners (Singapore) Pte. Ltd. | 5,931 | $239.6K | 0.04% | +5,931 | New |
| Virtus Investment Advisers, Inc. | 5,912 | $238.8K | 0.06% | −23,041−79.6% | Reduced |
| Scientech Research LLC | 5,901 | $238.4K | 0.15% | +5,901 | New |
| Quantinno Capital Management LP | 5,846 | $236.2K | 0.00% | +5,846 | New |
| CIBC World Markets Corp | 5,674 | $229.2K | 0.00% | +5,674 | New |
| Winton Group Ltd | 5,600 | $226.2K | 0.01% | −60,081−91.5% | Reduced |
| Mackenzie Financial Corp | 5,295 | $214.5K | 0.00% | +5,295 | New |
| California State Teachers Retirement System | 5,280 | $213.3K | 0.00% | +105+2.0% | Added |
| Rafferty Asset Management, LLC | 5,241 | $211.7K | 0.00% | +5,241 | New |
| EntryPoint Capital, LLC | 5,096 | $205.9K | 0.08% | +5,096 | New |
| DLD Asset Management, LP | 5,000 | $202.0K | 0.02% | −5,000−50.0% | Reduced |
| CIBC Private Wealth Group, LLC | 5,000 | $202.0K | 0.00% | 00.0% | Unchanged |
| Sterling Capital Management LLC | 4,943 | $199.7K | 0.00% | −46−0.9% | Reduced |
| US Bancorp | 4,607 | $186.1K | 0.00% | +4,066+751.6% | Added |
| Mirae Asset Global Investments Co., Ltd. | 4,377 | $176.8K | 0.00% | +994+29.4% | Added |
| Nisa Investment Advisors, LLC | 3,398 | $137.3K | 0.00% | −953−21.9% | Reduced |
| Royal Bank of Canada | 3,070 | $123.0K | 0.00% | −12,643−80.5% | Reduced |
| CWM, LLC | 2,790 | $113.0K | 0.00% | +13+0.5% | Added |