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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.

Q1 2026 vs. Q4 2025

How the institutions holding Terns Pharmaceuticals, Inc. changed between Q4 2025 and Q1 2026.

All holders in Q1 2026All holders in Q4 2025

13F holders of TERN: Q4 2025 compared with Q1 2026
MeasureQ4 2025Of which not filed for Q1 2026Q1 2026Change
Holders2487317+76
Shares122.6M8.98M124.8M+11.2M (+9.8%)
Value$4.95B$362.6M$6.56B+$1.97B (+43.0%)

7 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so the changes leave them out.

New holders (131)

Institutions that held Terns Pharmaceuticals, Inc. at the end of Q1 2026 but not at the end of Q4 2025.

Showing the largest 100 of 131 by value.

Institutions new to TERN in Q1 2026
InstitutionSharesValue% of portfolio
Vanguard Capital Management LLC4,355,482$229.6M0.01%
HBK Investments L P2,950,000$155.5M1.96%
Glazer Capital, LLC2,295,498$121.0M2.57%
Capitolis Liquid Global Markets LLC1,975,800$104.2M0.66%
Whitebox Advisors LLC1,000,001$52.7M0.75%
Highland Capital Management Fund Advisors, L.P.904,200$47.7M3.33%
Vivaldi Asset Management, LLC904,161$47.7M2.50%
Fort Baker Capital Management LP822,000$43.3M3.84%
Polar Asset Management Partners Inc.725,000$38.2M0.91%
Vanguard Portfolio Management LLC722,389$38.1M0.00%
Fiera Capital Corp711,326$37.5M0.13%
Vanguard Fiduciary Trust Co573,997$30.3M0.01%
Octagon Capital Advisors LP530,000$27.9M3.09%
Jones Hill Capital LP521,237$27.5M5.89%
TIG Advisors, LLC511,191$26.9M1.29%
Melqart Asset Management (UK) Ltd507,187$26.7M2.64%
Jennison Associates LLC501,419$26.4M0.02%
Neuberger Berman Group LLC480,740$25.3M0.02%
Beryl Capital Management LLC478,755$25.2M23.23%
Slotnik Capital, LLC420,700$22.2M6.59%
LMR Partners LLP400,000$21.1M0.19%
Sculptor Capital LP380,000$20.0M0.23%
Soros Fund Management LLCSuperinvestorSoros Fund Management321,905$17.0M0.23%
Davidson Kempner Capital Management LP311,623$16.4M0.29%
Cormorant Asset Management, LP300,000$15.8M0.80%
Ensign Peak Advisors, Inc299,199$15.8M0.03%
Man Group plc284,931$15.0M0.03%
Magnetar Financial LLC281,614$14.8M0.15%
Gabelli Funds LLC271,857$14.3M0.10%
Harvest Management LLC257,500$13.6M7.22%
Absolute Gestao de Investimentos Ltda.230,000$12.1M1.39%
Gabelli & Co Investment Advisers, Inc.205,700$10.8M1.61%
Water Island Capital LLC188,500$9.94M1.32%
PFM Health Sciences, LP172,962$9.12M0.96%
CNH Partners LLC171,555$9.04M0.15%
Arnhold LLC162,444$8.56M0.63%
CIBRA Capital Ltd151,440$7.98M3.85%
Meteora Capital, LLC150,000$7.91M0.58%
Alpine Associates Management Inc.142,250$7.50M0.44%
Capula Management Ltd120,976$6.38M0.06%
Groupe la Francaise118,449$6.24M0.09%
Twin Securities, Inc.115,958$6.11M3.02%
Swiss National Bank112,500$5.93M0.00%
Artia Global Partners LP104,800$5.53M1.25%
Centiva Capital, LP101,225$5.34M0.25%
Equitec Proprietary Markets, LLC100,500$5.30M12.24%
Vestcor Inc100,000$5.27M0.15%
Picton Mahoney Asset Management100,000$5.27M0.05%
Chicago Capital Management, LLC129,225$5.14M4.26%
Caxton Associates LLP94,724$4.99M0.12%
Credit Industriel Et Commercial90,236$4.76M0.76%
Sand Grove Capital Management LLP82,000$4.32M1.01%
Virtu Financial LLC70,715$3.73M0.15%
Abc Arbitrage SA64,303$3.39M0.45%
Prelude Capital Management, LLC54,825$2.89M0.22%
Carmignac Gestion53,541$2.82M0.04%
Gardner Lewis Asset Management L P50,000$2.64M0.57%
Nomura Holdings Inc50,000$2.64M0.02%
Quantbot Technologies LP47,043$2.48M0.10%
MYDA Advisors LLC40,000$2.11M0.50%
Oxford Asset Management LLP39,090$2.06M0.83%
Vanguard Asset Management, Ltd37,267$1.96M0.00%
Bamco Inc35,000$1.85M0.01%
Vanguard Global Advisers, LLC34,597$1.82M0.00%
Fortress Investment Group LLC30,000$1.58M0.40%
Kintayl Capital LP28,500$1.50M0.92%
Clear Street Markets LLC23,000$1.21M0.59%
Commonwealth of Pennsylvania Public School Empls Retrmt Sys20,000$1.05M0.01%
State of New Jersey Common Pension Fund D19,440$1.02M0.00%
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.17,300$912.1K0.00%
Assetmark, Inc16,157$851.8K0.00%
Arizona State Retirement System15,624$823.7K0.00%
Zurcher Kantonalbank (Zurich Cantonalbank)15,146$798.5K0.00%
Vanguard Investments Australia, Ltd.14,604$769.9K0.00%
Brinker Capital Investments, LLC14,451$761.9K0.01%
Verdad Advisers, LP13,301$701.2K0.79%
Natixis Advisors, L.P.12,976$684.0K0.00%
Jones Financial Companies LLLP12,567$665.0K0.00%
KLP Kapitalforvaltning AS12,500$659.0K0.00%
Carlson Capital L P12,000$632.6K0.25%
Two Sigma Securities, LLC11,908$627.8K0.07%
Mizuho Securities USA LLC11,083$584.3K0.01%
One68 Global Capital, LLC11,000$579.9K1.88%
Massachusetts Financial Services Co10,902$574.8K0.00%
Vazirani Asset Management LLC10,000$527.2K1.22%
CIBC Bancorp USA Inc.9,820$517.7K0.00%
Cannon Global Investment Management, LLC9,000$474.5K1.15%
Fifth Lane Capital, LP8,000$421.8K0.51%
Los Angeles Capital Management LLC7,994$421.4K0.00%
Teacher Retirement System of Texas7,378$389.0K0.00%
Lazard Asset Management LLC7,173$378.2K0.00%
Stifel Financial Corp7,148$376.8K0.00%
Integrated Quantitative Investments LLC5,671$299.0K0.05%
Universal- Beteiligungs- und Servicegesellschaft mbH5,130$270.5K0.00%
Oddo BHF Asset Management SAS5,000$263.6K0.01%
Oppenheimer Asset Management Inc.4,735$249.6K0.00%
Wiley Bros.-Aintree Capital, LLC4,428$233.1K0.00%
Snowden Capital Advisors LLC4,411$232.5K0.01%
Landscape Capital Management, L.L.C.4,248$224.0K0.01%
Principal Financial Group Inc4,064$214.3K0.00%

Sold out (55)

Institutions that held Terns Pharmaceuticals, Inc. at the end of Q4 2025 and filed for Q1 2026 without it.

Institutions that sold out of TERN in Q1 2026
InstitutionShares, Q4 2025Value, Q4 2025
OrbiMed Advisors LLC2,153,300$87.0M
Commodore Capital LP1,475,000$59.6M
Woodline Partners LP1,377,283$55.6M
Baker Bros. Advisors LP950,000$38.4M
Parkman Healthcare Partners LLC620,877$25.1M
Braidwell LP575,321$23.2M
Point72 Asset Management, L.P.573,700$23.2M
Superstring Capital Management LP443,777$17.9M
StemPoint Capital LP429,198$17.3M
Integral Health Asset Management, LLC425,000$17.2M
Evergreen Quality Fund GP, Ltd.360,200$14.6M
Patient Square Capital LP320,000$12.9M
Trails Edge Capital Partners, LP300,000$12.1M
Soleus Capital Management, L.P.212,710$8.59M
American Century Companies Inc192,751$7.79M
Squadron Capital Management LLC190,000$7.68M
Armistice Capital, LLC172,479$6.97M
Capricorn Fund Managers Ltd151,436$6.12M
Trexquant Investment LP150,049$6.06M
Seven Fleet Capital Management LP130,413$5.27M
HRT Financial LP124,709$5.04M
Schroder Investment Management Group99,360$4.03M
Group One Trading, L.P.70,844$2.86M
Velan Capital Investment Management LP70,000$2.83M
Quadrature Capital Ltd67,266$2.72M
Aquatic Capital Management LLC48,000$1.94M
Y-Intercept (Hong Kong) Ltd41,893$1.69M
Polymer Capital Management (HK) LTD33,070$1.34M
Raymond James Financial Inc32,226$1.30M
Walleye Capital LLC28,057$1.13M
Legato Capital Management LLC23,961$968.0K
Seven Grand Managers, LLC20,000$808.0K
XTX Topco Ltd17,032$688.1K
PSP Research LLC13,560$547.8K
Gsa Capital Partners LLP13,268$536.0K
Entropy Technologies, LP11,620$469.4K
Graham Capital Management, L.P.10,958$442.7K
NEOS Investment Management LLC10,394$419.9K
Tema ETFs LLC10,244$413.9K
GWM Advisors LLC9,173$370.6K
Fox Run Management, L.L.C.8,891$359.2K
Commonwealth Equity Services, LLC5,984$241.8K
Arrowpoint Investment Partners (Singapore) Pte. Ltd.5,931$239.6K
Scientech Research LLC5,901$238.4K
Winton Group Ltd5,600$226.2K
Mackenzie Financial Corp5,295$214.5K
Rafferty Asset Management, LLC5,241$211.7K
EntryPoint Capital, LLC5,096$205.9K
Amalgamated Bank2,694$109.0K
Quest Partners LLC1,008$40.7K
Country Trust Bank1,000$40.4K
SRS Capital Advisors, Inc.290$11.7K
Daiwa Securities Group Inc.260$11.0K
Leonteq Securities AG100$4.04K
Bellevue Asset Management, LLC43$1.74K

Not filed for Q1 2026 yet (7)

Institutions that held Terns Pharmaceuticals, Inc. at the end of Q4 2025 and haven't filed a 13F for Q1 2026. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding TERN in Q4 2025 that haven't filed for Q1 2026
InstitutionShares, Q4 2025Value, Q4 2025
Vanguard Group Inc5,523,948$223.2M
Capitolis Liquid Global Markets LLC3,045,200$123.0M
Norges Bank395,205$16.0M
CIBC World Markets Corp5,674$229.2K
CIBC Private Wealth Group, LLC5,000$202.0K
Comerica Bank105$4.24K
Global Retirement Partners, LLC1$40